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

2019-12-04 www.cofeed.com

China Fishmeal Supply & Demand Estimates (Dec, 2019)
                                     Year
  Volume
2016 2017 2018 2019* 2019*
  Est. Est. Est. Nov Dec
Beginning Stocks 16.8 10.8 9 17 17
Imports 104 158 145 122 135
Production 17 27 38 34 39
Total Supply 137.8 195.8 192 173 191
Consumption 125.5 186.7 174.9 149.9 170.9
Exports 0.1 0.1 0.1 0.1 0.1
Total Use 125.6 186.8 175 150 171
Ending Stocks 10.8 9 17 23 20
Stock-to-Use Ratio 8.60% 4.82% 9.71% 15.33% 11.70%
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.