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

2020-06-09 www.cofeed.com

China Soybean Oil Supply and Demand Estimates (Oct-Sept)
Item/Year	2015/16	2016/17	2017/18	2018/19	2019/20		2020/21
(0,000 tonnes)	Est.	Est.	Est.	Est.	May Proj.	Jun Proj.	May Proj.	Jun Proj.
Beginning Stocks	97	118	148	171	135	135	168	168
Domestic Production	1476	1577	1614	1541	1613	1629	1659	1687
Imports	53	58	48	80	70	70	70	65
Total Supply	1626	1753	1810	1792	1818	1834	1897	1920

Domestic Consumption	1500	1594	1627	1638	1631	1647	1697	1720
Food Consumption	1356	1452	1477	1488	1481	1497	1527	1550
Other Consumption	144	142	150	150	150	150	170	170
Exports	8	11	12	19	19	19	20	20
Total Use	1508	1605	1639	1657	1650	1666	1717	1740

Ending Stocks	118	148	171	135	168	168	180	180
Stock-to-use Ratio	7.82%	9.22%	10.43%	8.50%	10.18%	10.08%	10.48%	10.34%

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