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Cofeed: China Cottonseed Supply and Demand Estimates (May, 2020)

2020-05-06 www.cofeed.com
China Cottonseed Supply and Demand Estimates (Oct-Sept)
 Item/Year 2017/18 2018/19 2019/20
(000 tonnes) Est. Est. Apr Proj. May Proj.
Beginning Stocks 132 58 21 21
Production 7905 8761 8123 8123
Imports 115 11 50 10
Total Supply 8152 8830 8194 8154
Crushing 6800 7311 6920 6920
Industrial and Other Consumption 1054 1250 900 950
Seeds 240 248 243 243
Exports 0 0 0 0
Total Consumption 8094 8809 8063 8113
Ending Stocks 58 21 131 41
Stocks-to-Use Ratio 0.72% 0.24% 1.62% 0.51%
Remarks: Cottonseed production is adjusted, as cotton planting acreage and production is also adjusted according to latest data of China's Bureau of Statistics and actual researches.