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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