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

2020-04-10 www.cofeed.com
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%