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

2020-06-09 www.cofeed.com
China Soybean Meal Supply and Demand Estimates (Oct-Sept)
Item 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes) Est. Est. Est. Est. Est. May Proj. Jun Proj. May Est. Jun Proj.
Beginning Stocks 87  83  70  98  95  71  71  90  90 
Domestic Production 6,105  6,464  6,992  7,114  6,707  6,892  6,894  7,113  7,113 
Imports 6  2  2  2  7  10  10  8  8 
Total Supply 6,198  6,549  7,064  7,214  6,809  6,973  6,975  7,211  7,211 
Domestic Consumption 5,965  6,290  6,839  6,984  6,648  6,793  6,795  7,006  7,006 
Exports 150  189  127  135  90  90  90  100  100 
Total Use 6,115  6,479  6,966  7,119  6,738  6,883  6,885  7,106  7,106 
Ending Stocks 83  70  98  95  71  90  90  105  105 
Stock-to-Use Ratio 1.35% 1.08% 1.43% 1.33% 1.05% 1.31% 1.31% 1.48% 1.48%