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

2019-09-12 www.cofeed.com

China Rapeseed Supply & Demand Estimates Yearly (0'000 tonnes)
Item/Year	2013/14	2014/15	2015/16	2016/17	2017/18	2018/19	2019/20
	Est.	Est.	Est.	Est.	Est.	Est.	Aug Proj.	Sept Proj.
Beginning	25	45	50	45	54	69	54	54
Stocks	25	45	50	45	54	69	54	54
Production	970	665	610	450	410	370	360	360
Imports	435	450	440	394	450	470	290	290
Total Supply	1430	1160	1100	889	914	909	704	704

Crushing	1320	1055	1010	805	815	835	645	645
Domestic	900	615	580	420	385	355	345	345
Imported	420	440	430	385	430	480	300	300
Seed & Other Consumption	65	55	45	30	30	20	15	15
Total Use	1385	1110	1055	835	845	855	660	660
Ending Stocks	45	50	45	54	69	54	44	44
Stock-to-use Ratio	3.25%	4.50%	4.27%	6.47%	8.17%	6.32%	6.67%	6.67%

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