I. Rapeseed: stocks and port arrivals

This week (ending Dec 18), China’s rapeseed inventory totals 270,000 tonnes in coastal areas, up 6,000 tonnes or 2.27% from 264,000 tonnes last week and up 80% from 150,000 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 270,000 tonnes, up 2.27% from 264,000 tonnes last week and up 80% from 150,000 tonnes of the same week in the previous year. Rapeseed imports will include 373,000 tonnes from Canada and 61,000 tonnes from Australia in December and 180,000 tonnes from Canada 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 18), rapeseed oil stocks are 161,600 tonnes in domestic coastal regions, up 6,300 tonnes or 4.06% from 155,300 tonnes last week and down by 53.43% from 347,000 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 18), rapeseed meal stock has totaled 6,000 tonnes in domestic coastal regions, up 3,000 tonnes or 100% from 3,000 tonnes last week and down 50% from 12,000 tonnes of the same period last year. More details for stocks:

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