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

2020-03-10 www.cofeed.com
Sugar Supply and Demand Estimates in China
(Crop year: Oct-Sept)
10,000 tonnes
13/14 14/15 15/16 16/17 17/18 18/19 19/20
Final Final Final Final Final Nov. Final Feb. Estimate Mar. Estimate
Beginning Stocks 80 288.3 339.4 286 229.5 130.5 131.5 131.5
Domestic Production 1331 1055 870 928 1031 1076 1080 1060
Imports 402 482 372 230 210 325 330 330
Volume from Reserves 0 0 0 158 20 40 40 40
Informal Imports 30 80 280 180 180 100 100 100
Total Supply 1843 1905.3 1861.4 1782 1670.5 1671.5 1681.5 1661.5
 
Exports 4.7 5.9 15.4 12.5 20 20 30 30
Domestic Consumption 1550 1560 1560 1540 1520 1520 1520 1520
Toal Consumption 1554.7 1565.9 1575.4 1552.5 1540 1540 1550 1550
 
Ending Stocks 288.3 339.4 286 229.5 130.5 131.5 131.5 111.5
Stock-to-Use Ratio 18.54% 21.67% 18.15% 14.78% 8.47% 8.54% 8.48% 7.19%