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

2020-03-06 www.cofeed.com

China Fishmeal Supply & Demand Estimates (Jan 2020)
                                     Year
  Volume
2016 2017 2018 2019 2020*
  Est. Est. Est. Dec Mar
Beginning Stocks 16.8 10.8 9 17 20
Imports 104 158 145 135 133
Production 17 27 38 39 36
Total Supply 137.8 195.8 192 191 189
Consumption 125.5 186.7 174.9 170.9 168.9
Exports 0.1 0.1 0.1 0.1 0.1
Total Use 125.6 186.8 175 171 169
Ending Stocks 10.8 9 17 20 19
Stock-to-Use Ratio 8.60% 4.82% 9.71% 11.70% 11.24%
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.