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

2020-09-16 www.cofeed.com

China Palm Oil Supply and Demand Estimates (Oct-Sept)
Item	2014/15	2015/16	2016/17	2017/18	2018/19	2019/20		2019/20
(0,000 tonnes)	Est.	Est.	Est.	Est.	Est.	Aug Proj.	Sep Proj.	Aug Proj.	Sep Proj.
Beginning Stocks	73	82	40	48	58	70	70	55	52
Imports	569	470	488	532	672	667	667	655	670
Total Supply	642	552	528	580	730	737	737	710	722

Domestic Use	560	512	480	522	660	682	685	650	665
: Food Consumption	360	320	324	347	480	497	500	465	480
: Other Consumption	200	192	156	175	180	185	185	185	185
Exports	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Total Use	560	512	480	522	660	682	685	650	665

Ending Stocks	82	40	48	58	70	55	52	60	57
Stock-to-Use Ratio	7.80%	7.80%	10%	11.10%	10%	8.10%	8.10%	9.20%	8.60%

Print Close