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

2020-11-12 www.cofeed.com
China Cottonseed Supply and Demand Estimates (Nov-Sept)
 Item/Year 2017/18 2018/19 2019/20 2020/21
(000 tonnes) Est. Est. Est. Oct Proj. Oct Proj.
Beginning Stocks 132 58 21 41 41
Production 7905 8761 8123 7818 7818
Imports 115 11 10 10 12
Total Supply 8152 8830 8154 7869 7871
           
Crushing 6800 7311 6920 6702 6704
Industrial and Other Consumption 1054 1250 950 900 900
Seeds 240 248 243 230 230
Exports 0 0 0 0 0
Total Consumption 8094 8809 8113 7832 7834
Ending Stocks 58 21 41 37 37
Stocks-to-Use Ratio 0.72% 0.24% 0.51% 0.47% 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.