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

2020-10-14 www.cofeed.com

China Palm Oil Supply and Demand Estimates (Oct-Sept)
Item	2016/17	2017/18	2018/19	2019/20		2020/21
(0,000 tonnes)	Est.	Est.	Est.	Sep Proj.	Oct Proj.	Sep Proj.	Oct Proj.
Beginning Stocks	40	48	58	70	70	52	45
Imports	488	532	672	667	662	670	675
Total Supply	528	580	730	737	732	722	720

Domestic Use	480	522	660	685	687	665	665
: Food Consumption	324	347	480	500	502	480	480
: Other Consumption	156	175	180	185	185	185	185
Exports	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Total Use	480	522	660	685	687	665	665

Ending Stocks	48	58	70	52	45	57	55
Stock-to-Use Ratio	10%	11.10%	10%	8.10%	8.10%	8.60%	8.30%

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