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

2020-05-09 www.cofeed.com

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%