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

2020-01-13 www.cofeed.com

Item/Year	2015/16	2016/17	2017/18	2018/19	2019/20
	Est.	Est.	Est.	Est.	Dec proj	Jan proj
Beginning Stocks	128	27	10	5	6	6
DDGS Production	329	370	500	507	510	510
Imports	424	78	10	14.7	13	15
Total Supply	881	475	520	526.7	529	531
Domestic Consumption	852.8	463.5	512	520.3	520	523.6
Exports	1.2	1.5	3	0.4	2	0.4
Total Consumption	854	465	515	520.7	522	524
Ending Stocks	27	10	5	6	7	7
Remarks: DDGS Marketing Year: Oct.-Sept (Unit: 0'000 tonne)

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