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

2020-06-03 www.cofeed.com
China Cottonseed Meal Supply and Demand Estimates (Oct-Sept)
 Item/Year 2017/18 2018/19 2019/20
(000 tonnes) Est. Est. May Proj. Jun Proj.
Beginning Stocks 56 78 211 211
Production 3644 3918 3700 3700
Imports 0 25 20 20
Total Supply 3700 4021 3931 3931
Feed 3346 3500 3400 3400
Other Consumption 275 310 300 300
Exports 1 0 1 1
Total Demand 3622 3810 3701 3701
Ending Stocks 78 211 230 230
Stocks to Use Ratio 2.15% 5.54% 6.21% 6.21%
Remarks: Cottonseed meal 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.