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Stocks of Rapeseed, Rapeseed oil and Rapeseed Meal in Coastal Areas and East China (Week 15, 2021)

2021-04-19 www.cofeed.com

I. Rapeseed: stocks and port arrivals

 

This week (ending Apr 16), China’s rapeseed inventory totals 270,000 tonnes in coastal areas, up 18,000 tonnes or 7.14% from 252,000 tonnes last week and up 39.18% from 194,000 tonnes of the corresponding period last year. Among them, stock in Guangxi, Guangdong and Fujian is 270,000 tonnes,  up 18,000 tonnes or 7.14% from 252,000 tonnes last week but up 87.5% from 144,000 tonnes of the same week in the previous year. Rapeseed imports will include 239,000 tonnes and 180,000 tonnes from Canada in April and May respectively, 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.

 

Area/Enterprise

Rapeseed Stocks (0,000 tonnes)

Week 15

Week 14

Var.

Guangxi

13.7

10.1

3.6

Guangdong

3.1

3.7

-0.6

Fujian

10.2

11.4

-1.2

Yingkou Kerry, Liaoning

0

0

0

Jiangsu

0

0

0

Total

27

25.2

1.8

 

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

 

II. Rapeseed oil stocks

 

This week (ending Apr 16), rapeseed oil stocks are 228,950 tonnes in domestic coastal regions, down 1,200 tonnes or 0.52% from 230,150 tonnes last week and down 1.65% from 232,800 tonnes a year earlier. More details for stocks:

 

Area/Enterprise

Rapeseed Oil Stocks (tonne)

Week 15

Week 14

Var.

Guangxi

20,000

17,000

3,000

Guangdong

13,000

9,500

3,500

Fujian

0

0

0

Yingkou Kerry, Liaoning

0

0

0

Jiangsu

195,950

203,650

-7,700

Total

228,950

230,150

-1,200

 

说明: C:\Users\ADMINI~1\AppData\Local\Temp\ksohtml2728\wps5.jpg 

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

 

III. Rapeseed meal stocks

 

This week (ending Apr 16), rapeseed meal stock has totaled 88,500 tonnes in domestic coastal regions, up 1,900 tonnes or 2.19% from 86,600 tonnes last week and up 205.17% from 29,000 tonnes a year earlier. More details for stocks:

 

Area/Enterprise

Rapeseed Meal Stocks (tonne)

Week 15

Week 14

Var.

Guangxi

60,000

53,000

7,000

Guangdong

15,000

17,400

-2,400

Fujian

13,500

16,200

-2,700

Yingkou Kerry, Liaoning

0

0

0

Jiangsu

0

0

0

Total

88,500

86,600

1,900

         

 

说明: C:\Users\ADMINI~1\AppData\Local\Temp\ksohtml2728\wps6.jpg 

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