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

2020-09-11 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. Aug Proj. Sep Proj. Aug Proj. Sep Proj.
Beginning Stocks 97 118 148 171 135 135 156 137
Domestic Production 1476 1577 1614 1541 1675 1682 1705 1714
Imports 53 58 48 80 85 90 90 90
Total Supply 1626 1753 1810 1792 1895 1907 1951 1941
   
Domestic Consumption 1500 1594 1627 1638 1721 1752 1756 1766
Food Consumption 1356 1452 1477 1488 1551 1572 1586 1586
Other Consumption 144 142 150 150 170 180 170 180
Exports 8 11 12 19 18 18 20 20
Total Use 1508 1605 1639 1657 1739 1770 1776 1786
   
Ending Stocks 118 148 171 135 156 137 175 155
Stock-to-use Ratio 7.82% 9.22% 10.43% 8.50% 8.97% 7.74% 9.85% 8.68%