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

2019-10-09 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.	Sep Proj.	Oct Proj.	Sep Proj.	Oct Proj.
Beginning Stocks	131	97	118	148	171	171	137	135
Domestic Production	1394	1476	1577	1614	1537	1541	1570	1570
Imports	74	53	58	48	65	75	70	70
Total Supply	1599	1626	1753	1810	1773	1787	1777	1775

Domestic Consumption	1492	1500	1594	1627	1624	1633	1639	1637
food consumption	1348	1356	1452	1477	1474	1483	1489	1487
Other Consumption	144	144	142	150	150	150	150	150
Yearly Exports	10	8	11	12	12	19	12	12
Total Use	1502	1508	1605	1639	1636	1652	1651	1649

Ending Stocks	97	118	148	171	137	135	126	126
Stock-to-use Ratio	6.46%	7.82%	9.22%	10.43%	8.37%	8.17%	7.63%	7.64%

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	126	114	12	2	128	134
	Apr	134	129	1	264	123	111	12	2	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	13	284	143	130	13	2	145	139
	Aug	139	140	12	291	154	141	13	3	157	134
	Sept	134	138	4	276	140	126	14	1	141	135
	Oct	135	131	8	274	134	122	12	1	135	139
	Nov	139	135	7	281	138	126	12	1	139	142
	Dec	142	137	16	295	154	142	12	1	155	140

Print Close