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Cofeed: China Fishmeal Supply and Demand Estimates (Oct, 2019)

2019-09-30 www.cofeed.com

China Fishmeal Supply & Demand Estimates (Oct, 2019)
                                     Year
  Volume
2016 2017 2018 2019* 2019*
  Est. Est. Est. Aug Proj. Sep Proj.
Beginning Stocks 16.8 10.8 9 17 17
Imports 104 158 145 141 136
Production 17 27 38 43 39
Total Supply 137.8 195.8 192 201 192
Consumption 125.5 186.7 174.9 182.9 168.9
Exports 0.1 0.1 0.1 0.1 0.1
Total Use 125.6 186.8 175 183 169
Ending Stocks 10.8 9 17 18 23
Stock-to-Use Ratio 8.60% 4.82% 9.71% 9.84% 13.61%
Remarks *Marketing Year: January to December

 

The above is for reference only and does not constitute any suggestion, so the investor shall take his own risk if operating accordingly.