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

2019-11-11 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. Oct Proj. Nov Proj. Oct Proj. Nov Proj.
Beginning Stocks 87 83 70 98 95 95 71 71
Domestic Production 6,105 6464 6992 7114 6707 6707 6875 6875
Imports 6 2 2 2 7 7 10 10
Total Supply 6,198 6549 7064 7214 6809 6809 6956 6956
Domestic Consumption 5,965 6290 6839 6984 6643 6648 6768 6773
Exports 150 189 127 135 95 90 90 90
Total Use 6,115 6479 6966 7119 6738 6738 6858 6863
Ending Stocks 83 70 98 95 71 71 98 93
Stock-to-Use Ratio 1.35% 1.08% 1.43% 1.33% 1.05% 1.05% 1.43% 1.36%