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China's Agriculture Ministry: China Edible Vegetable Oils Supply and Demand Estimates (Jul, 2020)

2020-07-10 www.cofeed.com
China Edible Vegetable Oils Supply and Demand Estimates
Crop year: Oct-Sept 2017/18 2018/19
(Dec Est.)
2019/20
(Nov Proj.)
2019/20
(Dec Proj.)
0,000 tonnes
Production 2549 2739 2770 2770
    Soybean Oil (SBO) 1431 1628 1634 1634
    Rapeseed Oil (RSO) 569 554 566 566
    Peanut Oil (PNO) 318 322 331 331
Imports 855 835 770 770
    Palm Oil (PO) 495 450 420 420
    Rapeseed Oil 151 150 140 140
    Soybean Oil 78 75 70 70
Domestic Consumption 3338 3256 3382 3382
     Urban 2607 2546 2676 2676
     Rural 731 710 706 706
Exports 27 27 27 27
Ending Stocks Change 40 293 132 132
CNY/tonne
Domestic SBO Ex-mill Prices 5452 5600-6600 5500-6500 5500-6500
Imported PO Duty-paid Prices 4535 4700-5700 4500-5500 4500-5500
Domestic RSO Ex-mill Prices 7009 7400-8400 7000-8000 7000-8000
Domestic PNO Ex-mill Prices 12449 14500-15500 14500-15500 14500-15500
Imported SBO Duty-paid Prices 5748 5800-6800 5700-6700 5700-6700
Remarks:
1. Palm oil does not include palm stearin.
2. Domestic soybean oil, rapeseed oil and peanut oil prices refer to GB Grade IV, GB Grade IV and GB Grade I, respectively; and palm oil price is the CIF of palm olein.