Cofeed: China Soybean Oil Supply and Demand Estimates (September, 2019)

2019-09-10 www.cofeed.com

China Soybean Oil Supply & Demand Estimates Yearly (crop year: Oct.-Sept, unit: 0’000 tonnes.)
Item/Year	2014/15	2015/16	2016/17	2017/18	2018/19		2019/20
Item/Year	Est.	Est.	Est.	Est.	Aug Proj.	Sep Proj.	Aug Proj.	Sep Proj.
Beginning Stocks	131	97	118	148	171	171	135	137
Domestic Production	1394	1476	1577	1614	1547	1537	1570	1570
Imports	74	53	58	48	60	65	70	70
Total Supply	1599	1626	1753	1810	1778	1773	1775	1777

Domestic Consumption	1492	1500	1594	1627	1631	1624	1640	1639
food consumption	1348	1356	1452	1477	1481	1474	1490	1489
Other Consumption	144	144	142	150	150	150	150	150
Yearly Exports	10	8	11	12	12	12	12	12
Total Use	1502	1508	1605	1639	1643	1636	1652	1651

Ending Stocks	97	118	148	171	135	137	123	126
Stock-to-use Ratio	6.46%	7.82%	9.22%	10.43%	8.22%	8.37%	7.45%	7.63%

China Soybean Oil Supply & Demand Estimates Monthly (unit: 0’000 tonnes)
Year	Est.	Beginning Stocks	Domestic Production	Imports	Total Supply	Domestic Consumption	Of which	Of which	Exports	Total Use	Ending Stocks
Year	Est.	Beginning Stocks	Domestic Production	Imports	Total Supply	Domestic Consumption	Food Consumption	Other Consumption	Exports	Total Use	Ending Stocks
2019	Jan	160	128	7	295	160	148	12	1	161	134
	Feb	134	67	7	208	73	61	12	1	74	134
	Mar	134	127	1	262	127	115	12	1	128	134
	Apr	134	129	1	264	124	112	12	1	125	139
	May	139	141	5	285	143	130	13	1	144	141
	Jun	141	133	6	280	132	119	13	1	133	147
	Jul	147	124	12	283	143	130	13	1	144	139
	Aug	139	140	4	283	148	135	13	1	149	134
	Sept	134	134	3	271	133	119	14	1	134	137
	Oct	137	131	8	276	134	122	12	1	135	141
	Nov	141	135	7	283	138	126	12	1	139	144
	Dec	144	137	7	288	157	145	12	1	158	130

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