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Cofeed: China Fishmeal Supply and Demand Estimates (Aug, 2020)

2020-08-05 www.cofeed.com
China Fishmeal Supply and Demand Estimates (Jan-Dec)
Item/Year 2016 2017 2018 2019 2020*
(0,000 tonnes) Est. Est. Est. Est. Aug Proj.
Beginning Stocks 16.8 10.8 9 17 20
Imports 104 158 145 135 159
Production 17 27 38 39 40
Total Supply 137.8 195.8 192 191 219
Consumption 125.5 186.7 174.9 170.9 193.9
Exports 0.1 0.1 0.1 0.1 0.1
Total Use 125.6 186.8 175 171 194
Ending Stocks 10.8 9 17 20 25
Stock-to-Use Ratio 8.60% 4.82% 9.71% 11.70% 12.89%
Remarks The above is for reference only and does not constitute any suggestion, so the investor shall take his own risk if operating accordingly.