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

2020-07-10 www.cofeed.com
China Soybean Oil Supply and Demand Estimates (Oct-Sept)
Item/Year 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes) Est. Est. Est. Est. Jun Proj. Jul Proj. Jun Proj. Jul Proj.
Beginning Stocks 97 118 148 171 135 135 168 168
Domestic Production 1476 1577 1614 1541 1629 1654 1687 1705
Imports 53 58 48 80 70 65 65 65
Total Supply 1626 1753 1810 1792 1834 1854 1920 1938
   
Domestic Consumption 1500 1594 1627 1638 1647 1668 1720 1738
Food Consumption 1356 1452 1477 1488 1497 1508 1550 1568
Other Consumption 144 142 150 150 150 160 170 170
Exports 8 11 12 19 19 18 20 20
Total Use 1508 1605 1639 1657 1666 1686 1740 1758
   
Ending Stocks 118 148 171 135 168 168 180 180
Stock-to-use Ratio 7.82% 9.22% 10.43% 8.50% 10.08% 9.96% 10.34% 10.24%