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Cofeed: China Fishmeal Supply and Demand Estimates (Aug, 2019)

2019-08-07 www.cofeed.com
China Fishmeal Supply & Demand Estimates (Aug, 2019)
                                            Year
  Volume
2011 2012 2013 2014 2015 2016 2017 2018 2019*
  Est. Est. Est. Est. Est. Est. Est. Est. Aug Proj.
Beginning Stocks 18.2 18.8 13.1 16.15 8.18 16.8 10.8 9 17
Imports 121 125 98 104 103 104 158 145 141
Production 70 78 58 50 44 17 27 38 43
Total Supply 209.2 221.8 169.1 170.15 155.18 137.8 195.8 192 201
Consumption 190 208.6 152.85 161.87 138.28 125.5 186.7 174.9 182.9
Exports 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Total Use 19.01 208.7 152.95 161.97 138.38 125.6 186.8 175 183
Ending Stocks 18.8 13.1 16.15 8.18 16.8 10.8 9 17 18
Stock-to-Use Ratio 9.87% 6.28% 10.56% 5.05% 12.14% 8.60% 4.82% 9.71% 9.84%
Remarks *Marketing Year: January to December


The above is for reference only and does not constitute any suggestion, so the investor shall take his own risk if operating accordingly.