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

2020-03-11 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.	Feb Proj.	Mar Proj.	Feb Proj.	Mar Proj.
Beginning Stocks	131	97	118	148	171	171	135	135
Domestic Production	1394	1476	1577	1614	1541	1541	1599	1599
Imports	74	53	58	48	80	80	65	55
Total Supply	1599	1626	1753	1810	1792	1792	1799	1789

Domestic Consumption	1492	1500	1594	1627	1638	1638	1630	1599
food consumption	1348	1356	1452	1477	1488	1488	1480	1449
Other Consumption	144	144	142	150	150	150	150	150
Yearly Exports	10	8	11	12	19	19	20	20
Total Use	1502	1508	1605	1639	1657	1657	1650	1619

Ending Stocks	97	118	148	171	135	135	149	170
Stock-to-use Ratio	6.46%	7.82%	9.22%	10.43%	8.50%	8.50%	9.03%	10.50%

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	117	5	207	71	58	13	1	72	135
	Mar	135	127	1	263	113	100	13	2	115	148
	Apr	148	137	1	286	124	112	12	2	126	160
	May	160	144	2	306	137	125	12	2	139	167
	Jun	167	140	3	310	133	121	12	2	135	175
	Jul	175	139	4	318	140	137	13	2	142	176
	Aug	176	143	8	327	156	143	13	2	158	169
	Sept	169	137	5	311	139	126	13	2	141	170

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