Cofeed: China Palm Oil Supply and Demand Estimates (July, 2019)

2019-07-19 www.cofeed.com

China Palm Oil Supply & Demand Estimates Yearly (Crop Year: Oct.-Sept.; 0'000 T)
Item	2014/15	2015/16	2016/17	2017/18	2018/19		2019/20
Item	Est.	Est.	Est.	Est.	June Proj.	July Proj.	July Proj.
Beginning Stocks	73	82	40	48	58	58	69
Imports	569	470	488	532	579	637	650
Total Supply	642	552	528	580	637	695	719

Domestic Use	560	512	480	522	564	626	648
: Food Consumption	360	320	324	347	404	450	468
: Other Consumption	200	192	156	175	160	176	180
Exports	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Total Use	560	512	480	522	564	626	648

Ending Stocks	82	40	48	58	73	69	71

China Palm Oil Supply & Demand Estimates Monthly
Item/Year	Est.	Beginning Stocks	Imports	Total Supply	Domestic Consumption	Ending Stocks
2016	Jan	81	35	116	24	92
	Feb	92	20	112	19	93
	Mar	93	30	123	28	95
	Apr	95	16	111	29	82
	May	82	9	91	38	53
	Jun	53	10	63	25	38
	Jul	38	22	60	32	28
	Aug	28	29	57	28	29
	Sept	29	35	64	30	34
	Oct	34	16	50	21	29
	Nov	29	28	57	31	26
	Dec	26	50	76	40	36
2017	Jan	36	38	71	21	50
	Feb	50	24	74	17	57
	Mar	57	28	85	27	58
	Apr	58	29	87	29	58
	May	58	18	76	19	57
	Jun	57	11	68	20	48
	Jul	48	7	55	22	33
	Aug	33	31	64	28	36
	Sept	36	49	85	49	36
	Oct	36	32	68	21	47
	Nov	47	35	82	33	49
	Dec	49	42	91	32	59
2018	Jan	59	34	93	28	65
	Feb	65	24	89	21	68
	Mar	68	33	101	32	69
	Apr	69	17	86	21	65
	May	65	26	91	28	63
	Jun	63	28	91	35	56
	Jul	56	23	79	23	56
	Aug	56	30	86	43	43
	Sept	43	33	76	30	46
	Oct	46	27	73	32	41
	Nov	41	37	78	36	42
	Dec	42	43	85	38	47
2019	Jan	47	51	98	31	67
	Feb	67	32	99	21	78
	Mar	78	41	119	42	77
	Apr	77	33	110	32	78
	May	78	43	121	48	73
	Jun	73	35	108	42	66
	Jul	66	38	104	40	64
	Aug	64	40	104	43	61
	Sept	61	42	103	45	58

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