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

2020-04-13 www.cofeed.com
Sugar Supply and Demand Estimates in China
(Crop year: Oct-Sept; 0,000 tonnes) 13/14 14/15 15/16 16/17 17/18 18/19 19/20
Final Final Final Final Final Final Mar Proj. Apr Proj.
Beginning Stocks 80 288.3 339.4 286 229.5 130.5 131.5 131.5
Domestic Production 1331 1055 870 928 1031 1076 1060 1020
Imports 402 482 372 230 210 325 330 330
Volume from Reserves 0 0 0 158 20 40 40 40
Informal Imports 30 80 280 180 180 100 100 70
Total Supply 1843 1905.3 1861.4 1782 1670.5 1671.5 1661.5 1591.5
 
Exports 4.7 5.9 15.4 12.5 20 20 30 30
Domestic Consumption 1550 1560 1560 1540 1520 1520 1520 1480
Toal Consumption 1554.7 1565.9 1575.4 1552.5 1540 1540 1550 1510
 
Ending Stocks 288.3 339.4 286 229.5 130.5 131.5 111.5 81.5
Stock-to-Use Ratio 18.54% 21.67% 18.15% 14.78% 8.47% 8.54% 7.19% 5.40%