China Soybean Meal Supply & Demand Estimates Yearly (Crop Year: Oct.-Sept.;Unit: 0’000 tonnes) | ||||||||
Item | 2014/15 | 2015/16 | 2016/17 | 2017/18 | 2018/19 | 2019/20 | ||
Est. | Est. | Est. | Est. | Feb Proj. | Mar Proj. | Feb Proj. | Mar Proj. | |
Beginning Stocks | 87 | 83 | 70 | 98 | 95 | 95 | 71 | 71 |
Domestic Production | 6,105 | 6464 | 6992 | 7114 | 6707 | 6707 | 6830 | 6829 |
Imports | 6 | 2 | 2 | 2 | 7 | 7 | 10 | 10 |
Total Supply | 6,198 | 6549 | 7064 | 7214 | 6809 | 6809 | 6911 | 6910 |
Domestic Consumption | 5,965 | 6290 | 6839 | 6984 | 6648 | 6648 | 6726 | 6730 |
Exports | 150 | 189 | 127 | 135 | 90 | 90 | 90 | 90 |
Total Use | 6,115 | 6479 | 6966 | 7119 | 6738 | 6738 | 6826 | 6820 |
Ending Stocks | 83 | 70 | 98 | 95 | 71 | 71 | 95 | 90 |
Stock-to-Use Ratio | 1.35% | 1.08% | 1.43% | 1.33% | 1.05% | 1.05% | 1.39% | 1.32% |