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

2019-08-12 www.cofeed.com
China Soybean Meal Supply & Demand Estimates Yearly (Crop Year: Oct.-Sept.Unit: 0’000 tonnes)
Item 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20
Est. Est. Est. Est. July Proj. Aug Proj. July Proj. Aug Proj.
Beginning Stocks 87 83 70 98 95 95 95 95
Domestic Production 6,105 6464 6992 7114 6835 6724 6955 6875
Imports 6 2 2 2 10 9 10 10
Total Supply 6,198 6549 7064 7214 6940 6828 7060 6980
Domestic Consumption 5,965 6290 6839 6984 6755 6643 6870 6790
Exports 150 189 127 135 90 90 90 90
Total Use 6,115 6479 6966 7119 6845 6733 6960 6880
Ending Stocks 83 70 98 95 95 95 100 100
Stock-to-Use Ratio 1.35% 1.08% 1.43% 1.33% 1.30% 1.41% 1.44% 1.45%