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

2019-10-09 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. Sept Proj. Oct Proj. Sept Proj. Oct Proj.
Beginning Stocks 87 83 70 98 95 95 95 71
Domestic Production 6,105 6464 6992 7114 6691 6707 6875 6875
Imports 6 2 2 2 8 7 10 10
Total Supply 6,198 6549 7064 7214 6794 6809 6980 6956
Domestic Consumption 5,965 6290 6839 6984 6599 6643 6785 6768
Exports 150 189 127 135 100 95 90 90
Total Use 6,115 6479 6966 7119 6699 6738 6875 6858
Ending Stocks 83 70 98 95 95 71 105 98
Stock-to-Use Ratio 1.35% 1.08% 1.43% 1.33% 1.42% 1.05% 1.53% 1.43%