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

2019-11-06 www.cofeed.com

China Fishmeal Supply & Demand Estimates (Nov, 2019)
                                     Year
  Volume
2016 2017 2018 2019* 2019*
  Est. Est. Est. Oct Nov
Beginning Stocks 16.8 10.8 9 17 17
Imports 104 158 145 136 122
Production 17 27 38 39 34
Total Supply 137.8 195.8 192 192 173
Consumption 125.5 186.7 174.9 168.9 149.9
Exports 0.1 0.1 0.1 0.1 0.1
Total Use 125.6 186.8 175 169 150
Ending Stocks 10.8 9 17 23 23
Stock-to-Use Ratio 8.60% 4.82% 9.71% 13.61% 15.33%
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.