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

2020-11-12 www.cofeed.com
China Cottonseed Meal Supply and Demand Estimates (Oct-Sept)
 Item/Year 2017/18 2018/19 2019/20 2020/21
(000 tonnes) Est. Est. Est. Oct Proj. Nov Proj.
Beginning Stocks 56 78 211 219 219
Production 3644 3918 3899 3753 3753
Imports 0 25 30 30 32
Total Supply 3700 4021 4140 4002 4004
           
Feed 3346 3500 3600 3480 3480
Other Consumption 275 310 320 310 312
Exports 1 0 1 1 1
Total Demand 3622 3810 3921 3791 3793
           
Ending Stocks 78 211 219 211 211
Stocks to Use Ratio 2.15% 5.54% 5.59% 5.57% 5.56%
Remarks: Cottonseed meal 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.