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

2020-10-14 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.	Sep Proj.	Oct Proj.	Sep Proj.	Oct Proj.
Beginning Stocks	97	118	148	171	135	135	137	134
Domestic Production	1476	1577	1614	1541	1682	1696	1714	1751
Imports	53	58	48	80	90	90	90	90
Total Supply	1626	1753	1810	1792	1907	1921	1941	1975

Domestic Consumption	1500	1594	1627	1638	1752	1769	1766	1800
Food Consumption	1356	1452	1477	1488	1572	1559	1586	1590
Other Consumption	144	142	150	150	180	210	180	210
Exports	8	11	12	19	18	18	20	20
Total Use	1508	1605	1639	1657	1770	1787	1786	1820

Ending Stocks	118	148	171	135	137	134	155	155
Stock-to-use Ratio	7.82%	9.22%	10.43%	8.50%	7.74%	7.50%	8.68%	8.52%

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