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%

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