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

2019-09-09 www.cofeed.com

China Palm Oil Supply & Demand Estimates Yearly (Crop Year: Oct.-Sept.; 0'000 tonnes)
Item	2014/15	2015/16	2016/17	2017/18	2018/19		2019/20
Item	Est.	Est.	Est.	Est.	Aug Proj.	Sep Proj.	Aug Proj.	Sep Proj.
Beginning Stocks	73	82	40	48	58	58	77	77
Imports	569	470	488	532	637	668	665	665
Total Supply	642	552	528	580	695	726	742	742

Domestic Use	560	512	480	522	626	649	663	663
: Food Consumption	360	320	324	347	450	473	483	483
: Other Consumption	200	192	156	175	176	176	180	180
Exports	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Total Use	560	512	480	522	626	649	663	663

Ending Stocks	82	40	48	58	69	77	79	79

China Palm Oil Supply & Demand Estimates Monthly (0'000 tonnes)
Item/Year	Est.	Beginning Stocks	Imports	Total Supply	Domestic Consumption	Ending Stocks
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	31	104	38	66
	Jul	66	49	115	51	64
	Aug	64	50	114	59	55
	Sept	55	55	110	45	65

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