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

2020-06-09 www.cofeed.com
China Palm Oil 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. Apr Proj. May Proj. Jun Proj.
Beginning Stocks 73 82 40 48 58 70 70 50
Imports 569 470 488 532 672 603 615 655
Total Supply 642 552 528 580 730 673 685 705
Domestic Use 560 512 480 522 660 615 627 650
 : Food Consumption 360 320 324 347 480 425 437 465
 : Other Consumption 200 192 156 175 180 190 190 185
Exports 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Total Use 560 512 480 522 660 615 627 650
Ending Stocks 82 40 48 58 70 58 58 55

 

China Palm Oil Supply and Demand Estimates by Month
Item/Year Est. Beginning Stocks Imports Total Supply Domestic Consumption Ending Stocks
2019 Jan 47 51 98 31 67
Feb 67 32 99 21 78
Mar 78 41 119 42 77
Apr 77 33 110 32 78
May 78 43 121 48 73
Jun 73 31 104 38 66
Jul 66 49 115 51 64
Aug 64 58 122 67 55
Sept 55 44 99 44 55
Oct 55 55 110 52 58
Nov 58 64 122 53 69
Dec 69 54 123 50 73
2020 Jan 73 36 109 22 87
Feb 87 24 111 18 93
Mar 93 22 115 36 79
Apr 79 23 102 51 51
May 51 30 81 39 42
Jun 42 30 72 36 36
Jul 36 30 66 35 31
Aug 31 35 66 36 30
Sept 30 35 65 28 37