China Cottonseed Supply and Demand Estimates (Oct-Sept) | ||||
Item/Year | 2017/18 | 2018/19 | 2019/20 | |
(000 tonnes) | Est. | Est. | May Proj. | Jun Proj. |
Beginning Stocks | 132 | 58 | 21 | 21 |
Production | 7905 | 8761 | 8123 | 8123 |
Imports | 115 | 11 | 10 | 10 |
Total Supply | 8152 | 8830 | 8154 | 8154 |
Crushing | 6800 | 7311 | 6920 | 6920 |
Industrial and Other Consumption | 1054 | 1250 | 950 | 950 |
Seeds | 240 | 248 | 243 | 243 |
Exports | 0 | 0 | 0 | 0 |
Total Consumption | 8094 | 8809 | 8113 | 8113 |
Ending Stocks | 58 | 21 | 41 | 41 |
Stocks-to-Use Ratio | 0.72% | 0.24% | 0.51% | 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. | ||||