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

2020-08-13 www.cofeed.com
Item/Year 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes) Est. Est. Est. Est. Jul Proj. Aug Proj. Jul Proj. Aug Proj.
Beginning Stocks 97 118 148 171 135 135 168 156
Domestic Production 1476 1577 1614 1541 1654 1675 1705 1705
Imports 53 58 48 80 65 85 65 90
Total Supply 1626 1753 1810 1792 1854 1895 1938 1951
　 　
Domestic Consumption 1500 1594 1627 1638 1668 1721 1738 1756
Food Consumption 1356 1452 1477 1488 1508 1551 1568 1586
Other Consumption 144 142 150 150 160 170 170 170
Exports 8 11 12 19 18 18 20 20
Total Use 1508 1605 1639 1657 1686 1739 1758 1776
　 　
Ending Stocks 118 148 171 135 168 156 180 175
Stock-to-use Ratio 7.82% 9.22% 10.43% 8.50% 9.96% 8.97% 10.24% 9.85%

 

 

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