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

2020-11-17 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.	Oct Proj.	Nov Proj.	Oct Proj.	Nov Proj.
Beginning Stocks	97	118	148	171	135	135	134	134
Domestic Production	1476	1577	1614	1541	1696	1696	1751	1770
Imports	53	58	48	80	90	100	90	100
Total Supply	1626	1753	1810	1792	1921	1931	1975	2004

Domestic Consumption	1500	1594	1627	1638	1769	1779	1800	1834
Food Consumption	1356	1452	1477	1488	1559	1499	1590	1564
Other Consumption	144	142	150	150	210	280	210	270
Exports	8	11	12	19	18	18	20	20
Total Use	1508	1605	1639	1657	1787	1797	1820	1854

Ending Stocks	118	148	171	135	134	134	155	150
Stock-to-use Ratio	7.82%	9.22%	10.43%	8.50%	7.50%	7.46%	8.52%	8.09%

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