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

2020-06-09 www.cofeed.com

China Soybean Supply and Demand Estimates (Oct-Sept)
Item/Year	2016/17	2017/18	2018/19	2019/20		2020/21
(0,000 tonnes)	Est.	Est.	Est.	May. Proj.	Jun. Proj.	May. Proj.	Jun. Proj.
Beginning Stocks	1294	1384	1559	1289	1289	1739	1909
Domestic Production	1265	1485	1590	1600	1600	1650	1650
Imports	9220	9411	8280	9330	9600	9600	9600
Total Supply	11779	12280	11429	12219	12489	12989	13159

Crush: of which	8800	8986	8500	8730	8830	9000	9150
Domestic Soybeans	137	200	210	210	210	250	250
Imported Soybeans	8663	8786	8290	8520	8620	8750	8900
Exports	15	15	15	15	15	15	15
Seeds	60	70	75	85	85	85	85
Food & Industrial Consumption	1520	1650	1550	1650	1650	1700	1700
Total Use	10395	10721	10140	10480	10580	10800	10950

Ending Stocks	1384	1559	1289	1739	1909	2189	2209
Stock-to-use Ratio	0.1331	0.1454	0.1271	0.1659	0.1804	0.2027	0.2017

Print Close