I. Rapeseed: stocks and port arrivals

This week (ending Jan 1), China’s rapeseed inventory totals 216,000 tonnes in coastal areas, down 63,000 tonnes or 22.58% from 279,000 tonnes last week and up 176.9% from 78,000 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 216,000 tonnes, down 22.58% from 279,000 tonnes last week and up 200% from 72,000 tonnes of the same week in the previous year. Rapeseed imports will include 258,000 tonnes from Canada and 91,000 tonnes from Australia in December and 300,000 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 Jan 1), rapeseed oil stocks are 125,700 tonnes in domestic coastal regions, down 16,400 tonnes or 11.54% from 142,100 tonnes last week. More details for stocks:

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

III. Rapeseed meal stocks

This week (ending Jan 1), rapeseed meal stock has totaled 34,000 tonnes in domestic coastal regions, up 14,500 tonnes or 74.36% from 19,500 tonnes last week. More details for stocks:

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