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. |