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Crush Margins for Domestic and Imported Rapeseed in China--4/12/2021

2021-04-12 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 10870 2800 6105 6786 170 6956 -851
Guangdong 10990 2880 6200 6786 170 6956 -756
Fujian 10940 2830 6151 6786 170 6956 -805
Average 10933 2837 6152 6786 170 6956 -804