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Crush Margins for Domestic and Imported Rapeseed in China--4/9/2021

2021-04-09 www.mnk-9.com
Crush Margins for Domestic Rapeseed (at average cost of in-mill stocks)
Region Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Rapeseed Oil Rapeseed Meal Total Rapeseed Crush Cost Total
Sichuan 11300 2650 5532 6500 250 6750 -1218
Jiangsu 11700 2620 5595 5700 240 5940 -345
Anhui 11800 2750 5662 6040 200 6240 -578
Hubei 11400 2600 5418 6300 210 6510 -1092
Average 11550 2655 5680 6135 225 6360 -680

 

 

Theoretical Crush Margins for Imported Rapeseed (at intraday duty-paid price)
Region Income  (CNY/tonne) Expenditure (CNY/tonne) Margin
Rapeseed Oil Rapeseed Meal Total Rapeseed Crush Cost Total
Guangxi 10830 2820 6100 6621 170 6791 -691
Guangdong 10950 2900 6194 6621 170 6791 -597
Fujian 10900 2830 6135 6621 170 6791 -657
Average 10893 2850 6143 6621 170 6791 -648