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

2020-06-16 www.cofeed.com
China Rapeseed Meal Supply and Demand Estimates  (Jun-May)
Item/Year 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes) Est. Est. Est. Est. Est. Jun Proj. Jun Proj.
Beginning Stocks 32 30 40 29 40 38 25
Domestic Production 611 598 461 482 473 330 330
Imports 20 22 75 110 139 160 160
Total Supply 663 650 576 621 652 523 515
Domestic Consumption 632 600 545 579 612 496 490
Exports 1 10 2 2 2 2 2
Total Use 633 610 547 581 614 498 492
Carry-over Stocks 30 40 29 40 38 25 23
Stock-to-Use Ratio 4.74% 5.74% 5.30% 6.88% 6.19% 5.02% 4.67%