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%

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