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

2019-09-10 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. Aug Proj. Sept Proj. Aug Proj. Sept Proj.
Beginning Stocks 87 83 70 98 95 95 95 95
Domestic Production 6,105 6464 6992 7114 6724 6691 6875 6875
Imports 6 2 2 2 9 8 10 10
Total Supply 6,198 6549 7064 7214 6828 6794 6980 6980
Domestic Consumption 5,965 6290 6839 6984 6643 6599 6790 6785
Exports 150 189 127 135 90 100 90 90
Total Use 6,115 6479 6966 7119 6733 6699 6880 6875
Ending Stocks 83 70 98 95 95 95 100 105
Stock-to-Use Ratio 1.35% 1.08% 1.43% 1.33% 1.41% 1.42% 1.45% 1.53%