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

2020-02-13 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.	Jan Proj.	Feb Proj.	Jan Proj.	Feb Proj.
Beginning Stocks	131	97	118	148	171	171	135	135
Domestic Production	1394	1476	1577	1614	1541	1541	1607	1599
Imports	74	53	58	48	80	80	65	65
Total Supply	1599	1626	1753	1810	1792	1792	1807	1799

Domestic Consumption	1492	1500	1594	1627	1638	1638	1675	1630
food consumption	1348	1356	1452	1477	1488	1488	1525	1480
Other Consumption	144	144	142	150	150	150	150	150
Yearly Exports	10	8	11	12	19	19	15	20
Total Use	1502	1508	1605	1639	1657	1657	1690	1650

Ending Stocks	97	118	148	171	135	135	117	149
Stock-to-use Ratio	6.46%	7.82%	9.22%	10.43%	8.50%	8.50%	6.92%	9.03%

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	110	4	206	120	108	12	1	121	85
	Feb	85	107	5	197	101	88	13	1	102	95
	Mar	95	122	1	218	121	108	13	2	123	95
	Apr	95	137	1	233	124	112	12	2	126	107
	May	107	144	2	253	137	125	12	2	139	114
	Jun	114	140	6	260	128	116	12	2	130	130
	Jul	130	141	10	281	140	127	13	2	142	139
	Aug	139	149	8	296	156	143	13	2	158	138
	Sept	138	144	6	288	137	125	13	2	139	149

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