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

2020-03-12 www.cofeed.com
Domestic Soybean Supply & Demand Estimates (Crop year: Oct-Sept; 0’000 tonnes)
Item/Year 2015/16 2016/17 2017/18 2018/19 2019/20
Est. Est. Est. Feb. Est. Mar. Est. Feb. Proj. Mar. Est.
Beginning Stocks 1,350 1294 1384 1559 1559 1299 1299
Domestic Production 1,090 1265 1485 1500 1500 1600 1600
Imports 8,317 9220 9411 8610 8610 9000 9000
Total Supply 10,757 11779 12280 11669 11669 11899 11899
 
Crush: of which 8,140 8800 8986 8680 8680 8800 8800
Domestic Soybeans 190 137 200 215 215 230 230
Imported Soybeans 7,950 8663 8786 8465 8465 8570 8570
Exports 15 15 15 15 15 15 15
Seeds 50 60 70 75 75 75 75
Food & Industrial Consumption 1,258 1520 1650 1600 1600 1650 1650
Total Use 9,463 10395 10721 10370 10370 10540 10540
 
Ending Stocks 1,294 1384 1559 1299 1299 1359 1359
Stock-to-use Ratio 13.72% 13.31% 14.54% 12.53% 12.53% 12.89% 12.89%