| 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.