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. | Mar Est. | Apr Est. | Mar Proj. | Apr Proj. | |
Beginning Stocks | 87 | 83 | 70 | 98 | 95 | 95 | 71 | 71 |
Domestic Production | 6,105 | 6,464 | 6,992 | 7,114 | 6,707 | 6,707 | 6,829 | 6,892 |
Imports | 6 | 2 | 2 | 2 | 7 | 7 | 10 | 10 |
Total Supply | 6,198 | 6,549 | 7,064 | 7,214 | 6,809 | 6,809 | 6,910 | 6,973 |
Domestic Consumption | 5,965 | 6,290 | 6,839 | 6,984 | 6,648 | 6,648 | 6,730 | 6,793 |
Exports | 150 | 189 | 127 | 135 | 90 | 90 | 90 | 90 |
Total Use | 6,115 | 6,479 | 6,966 | 7,119 | 6,738 | 6,738 | 6,820 | 6,883 |
Ending Stocks | 83 | 70 | 98 | 95 | 71 | 71 | 90 | 90 |
Stock-to-Use Ratio | 1.35% | 1.08% | 1.43% | 1.33% | 1.05% | 1.05% | 1.32% | 1.31% |