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

2020-04-10 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.	Mar Proj.	Apr Proj.	Mar Proj.	Apr Proj.
Beginning Stocks	131	97	118	148	171	171	135	135
Domestic Production	1394	1476	1577	1614	1541	1541	1599	1614
Imports	74	53	58	48	80	80	55	60
Total Supply	1599	1626	1753	1810	1792	1792	1789	1809

Domestic Consumption	1492	1500	1594	1627	1638	1638	1599	1621
food consumption	1348	1356	1452	1477	1488	1488	1449	1471
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	1619	1641

Ending Stocks	97	118	148	171	135	135	170	168
Stock-to-use Ratio	6.46%	7.82%	9.22%	10.43%	8.50%	8.50%	10.50%	10.24%

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	5	207	121	109	12	1	122	85
	Feb	85	117	6	208	72	59	13	1	73	135
	Mar	135	122	2	259	137	124	13	2	139	120
	Apr	120	125	3	248	130	118	12	2	132	116
	May	116	151	5	272	135	123	12	2	137	135
	Jun	135	151	3	289	128	116	12	2	130	159
	Jul	159	144	4	307	141	128	13	2	143	164
	Aug	164	148	3	315	156	143	13	2	158	157
	Sept	157	141	7	305	135	122	13	2	137	168

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