Cofeed: China Cottonseed Supply and Demand Estimates (Sept, 2020)

2020-09-14 www.cofeed.com

China Cottonseed Supply and Demand Estimates (Oct-Sept)
Item/Year	2017/18	2018/19	2019/20		2020/21
(000 tonnes)	Est.	Est.	Aug Proj.	Sept Proj.	Sept Proj.
Beginning Stocks	132	58	21	21	41
Production	7905	8761	8123	8123	7818
Imports	115	11	10	10	10
Total Supply	8152	8830	8154	8154	7869

Crushing	6800	7311	6920	6920	6702
Industrial and Other Consumption	1054	1250	950	950	900
Seeds	240	248	243	243	230
Exports	0	0	0	0	0
Total Consumption	8094	8809	8113	8113	7832
Ending Stocks	58	21	41	41	37
Stocks-to-Use Ratio	0.72%	0.24%	0.51%	0.51%	0.47%
Remarks: Cottonseed production is adjusted, as cotton planting acreage and production is also adjusted according to latest data of China's Bureau of Statistics and actual researches.

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