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Cofeed: China Corn Supply and Demand Estimates (Nov, 2020)

2020-11-10 www.cofeed.com
Item/Year 16/17 17/18 18/19 19/20 20/21
(0,000 tonnes; 0,000 ha) Est. Est. Est. Oct Proj. Nov Proj. Oct Proj. Nov Proj.
Beginning Stocks 726.75 5916.45 9802.05 6443.05 6443.05 5703.05 6077.05
Planted Area 4127 3741 3700 3580 3320 3500 3223
Production 24680 21450 21580 21410 21784 20140 20660
Net Release by Policy 5739 10035 2191 5683 5683 0 0
Imports 246.4 345.5 448 720 720 1700 1700
Total Supply 31392.15 37746.95 34021.05 34256.05 34630.05 27543.05 28437.05
Domestic Consumption 25468 27943 27568 28545 28545 27215 27715
Feed Consumption 16898 17978 16878 17885 17885 17585 18085
Industrial Consumption 6500 7800 8500 8360 8360 7360 7360
Seeds & Food Use 1850 1900 1950 2050 2050 2070 2070
Waste 220 265 240 250 250 200 200
Exports 7.7 1.9 10 8 8 9 9
Total Demand 25475.7 27944.9 27578 28553 28553 27224 27224
Ending Stocks 5916.45 9802.05 6443.05 5703.05 6077.05 319.05 713.05
Stock-to-use Ratio 23.22% 35.08% 23.36% 19.97% 21.28% 1.17% 2.57%