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China's Agriculture Ministry: China Edible Vegetable Oils Supply and Demand Estimates (May, 2020)

2020-05-12 www.cofeed.com

China Edible Vegetable Oils Supply and Demand Estimates
Crop year: Oct-Sept 2018/19 2019/20
(Apr Est.)
2019/20
(May Proj.)
2020/21
(May Proj.)
0,000 tonnes
Production 2549 2640 2682 2770
    Soybean Oil (SBO) 1431 1527 1580 1634
    Rapeseed Oil (RPO) 569 563 550 566
    Peanut Oil (PNO) 318 317 319 331
Imports 855 788 788 770
    Palm Oil (PO) 495 440 440 420
    Rapeseed Oil 151 140 140 140
    Soybean Oil 78 75 75 70
Domestic Consumption 3338 3243 3256 3382
     Urban 2607 2538 2546 2676
     Rural 731 705 710 706
Exports 27 27 27 27
Ending Stocks Change 40 157 187 131
CNY/tonne
Domestic  SBO Ex-mill Prices 5452 5800-6800 5800-6800 5500-6500
Imported PO Duty-paid Prices 4535 4800-5800 4800-5800 4500-5500
Domestic RPO Ex-mill Prices 7009 7200-8200 7200-8200 7000-8000
Domestic PBO Ex-mill Prices 12449 14000-15000 14000-15000 14000-15000
Imported SBO Duty-paid Prices 5748 6000-7000 6000-7000 5700-6700
Remarks:
1. Palm oil does not include palm stearin.
2. Domestic soybean oil, rapeseed oil and peanut oil prices refer to GB Grade IV, GB Grade IV and GB Grade I, respectively; and palm oil price is the CIF of palm olein.