I. Rapeseed: stocks and port arrivals

This week (ending Dec 4), China’s rapeseed inventory totals 249,000 tonnes in coastal areas, up 15,000 tonnes or 6.41% from 234,000 tonnes last week and up 22.06% from 204,000 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 249,000 tonnes, up 6.41% from 234,000 tonnes last week and up 36.07% from 183,000 tonnes of the same week in the previous year. Rapeseed imports from Canada will include 300,000 tonnes in December and 180,000 tonnes in January, according to data by Cofeed. Currently, only several private-owned and foreign-funded oil mills are making imports, and Chinese companies will make bulk imports only in the wake of a thaw between China and Canada.

Fig. 1: China’s Rapeseed Stocks in Recent Years

II. Rapeseed oil stocks

This week (ending Dec 4), rapeseed oil stocks are 178,500 tonnes in domestic coastal regions, down 1,900 tonnes or 1.05% from 180,400 tonnes last week and down by 48.57% from 347,100 tonnes of the same period last year. More details for stocks:

Fig. 2: China’s Rapeseed Oil Stocks in Recent Years

III. Rapeseed meal stocks

This week (ending Dec 4), rapeseed meal stock has totaled 6,000 tonne in domestic coastal regions, up 2,000 or 50% from 4,000 tonnes last week and down 67.91% from 18,700 tonnes of the same period last year. More details for stocks:

Fig. 3: China’s Rapeseed Meal Stocks in Recent Years