Today is 12/22/2024
| China Edible Vegetable Oils Supply and Demand Estimates | ||||
| Crop year: Oct-Sept | 2018/19 | 2019/20 (Dec Est.) |
2020/21 (Nov Proj.) |
2020/21 (Dec Proj.) |
| 0,000 tonnes | ||||
| Production | 2549 | 2772 | 2770 | 2795 |
| Soybean Oil (SBO) | 1431 | 1660 | 1634 | 1658 |
| 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 | 3289 | 3382 | 3382 |
| Urban | 2607 | 2581 | 2676 | 2676 |
| Rural | 731 | 708 | 706 | 706 |
| Exports | 27 | 27 | 27 | 27 |
| Ending Stocks Change | 40 | 291 | 132 | 156 |
| CNY/tonne | ||||
| Domestic SBO Ex-mill Prices | 5452 | 5600-6600 | 5500-6500 | 5500-6500 |
| Imported PO Duty-paid Prices | 4535 | 4800-5800 | 4500-5500 | 4500-5500 |
| Domestic RSO Ex-mill Prices | 7009 | 7600-8600 | 7000-8000 | 7000-8000 |
| Domestic PNO Ex-mill Prices | 12449 | 15000-16000 | 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. |
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