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Cofeed:China Fishmeal Supply and Demand Estimates (Jan, 2020)

2020-01-06 www.cofeed.com

China Fishmeal Supply & Demand Estimates (Jan 2020)
                                     Year
  Volume
2016 2017 2018 2019 2020*
  Est. Est. Est. Dec Jan
Beginning Stocks 16.8 10.8 9 17 20
Imports 104 158 145 135 134
Production 17 27 38 39 40
Total Supply 137.8 195.8 192 191 194
Consumption 125.5 186.7 174.9 170.9 176.9
Exports 0.1 0.1 0.1 0.1 0.1
Total Use 125.6 186.8 175 171 177
Ending Stocks 10.8 9 17 20 20
Stock-to-Use Ratio 8.60% 4.82% 9.71% 11.70% 11.30%
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.