Cofeed:China Soybean Oil Supply and Demand Estimates (January, 2020)

2020-01-11 www.cofeed.com

China Soybean Oil Supply & Demand Estimates Yearly (crop year: Oct.-Sept, unit: 0’000 tonnes.)
Item/Year	2014/15	2015/16	2016/17	2017/18	2018/19		2019/20
Item/Year	Est.	Est.	Est.	Est.	Dec Proj.	Jan Proj.	Dec Proj.	Jan Proj.
Beginning Stocks	131	97	118	148	171	171	135	135
Domestic Production	1394	1476	1577	1614	1541	1541	1585	1607
Imports	74	53	58	48	80	80	70	65
Total Supply	1599	1626	1753	1810	1792	1792	1790	1807

Domestic Consumption	1492	1500	1594	1627	1638	1638	1660	1675
food consumption	1348	1356	1452	1477	1488	1488	1510	1525
Other Consumption	144	144	142	150	150	150	150	150
Yearly Exports	10	8	11	12	19	19	15	15
Total Use	1502	1508	1605	1639	1657	1657	1675	1690

Ending Stocks	97	118	148	171	135	135	115	117
Stock-to-use Ratio	6.46%	7.82%	9.22%	10.43%	8.50%	8.50%	6.87%	6.92%

China Soybean Oil Supply & Demand Estimates Monthly (unit: 0’000 tonnes)
Year	Est.	Beginning Stocks	Domestic Production	Imports	Total Supply	Domestic Consumption	Of which	Of which	Exports	Total Use	Ending Stocks
Year	Est.	Beginning Stocks	Domestic Production	Imports	Total Supply	Domestic Consumption	Food Consumption	Other Consumption	Exports	Total Use	Ending Stocks
2020	Jan	92	112	4	208	122	110	12	1	123	85
	Feb	85	115	2	202	121	108	13	1	122	80
	Mar	80	128	1	209	129	116	13	2	131	78
	Apr	78	135	1	214	124	112	12	1	125	89
	May	89	142	5	236	140	128	12	1	141	95
	Jun	95	137	7	239	130	118	12	1	131	108
	Jul	108	144	12	264	142	129	13	2	144	120
	Aug	120	149	8	277	158	145	13	1	159	118
	Sept	118	140	6	264	146	133	13	1	147	117

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