China Soybean Oil Supply and Demand Estimates (Oct-Sept) | ||||||||
Item/Year | 2014/15 | 2015/16 | 2016/17 | 2017/18 | 2018/19 | 2019/20 | 2020/21 | |
(0,000 tonnes) | Est. | Est. | Est. | Est. | Est. | Apr Proj. | May Proj. | May Proj. |
Beginning Stocks | 131 | 97 | 118 | 148 | 171 | 135 | 135 | 168 |
Domestic Production | 1394 | 1476 | 1577 | 1614 | 1541 | 1614 | 1613 | 1659 |
Imports | 74 | 53 | 58 | 48 | 80 | 60 | 70 | 70 |
Total Supply | 1599 | 1626 | 1753 | 1810 | 1792 | 1809 | 1818 | 1897 |
Domestic Consumption | 1492 | 1500 | 1594 | 1627 | 1638 | 1621 | 1631 | 1697 |
Food Consumption | 1348 | 1356 | 1452 | 1477 | 1488 | 1471 | 1481 | 1527 |
Other Consumption | 144 | 144 | 142 | 150 | 150 | 150 | 150 | 170 |
Exports | 10 | 8 | 11 | 12 | 19 | 20 | 19 | 20 |
Total Use | 1502 | 1508 | 1605 | 1639 | 1657 | 1641 | 1650 | 1717 |
Ending Stocks | 97 | 118 | 148 | 171 | 135 | 168 | 168 | 180 |
Stock-to-use Ratio | 6.46% | 7.82% | 9.22% | 10.43% | 8.50% | 10.24% | 10.18% | 10.48% |