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

2020-12-11 www.cofeed.com
China Palm Oil Supply & Demand Estimates Yearly (Crop Year: Oct.-Sept;0'000 tonnes)
Item 2016/17 2017/18 2018/19 2019/20 2020/21
Est. Est. Est. Est. Nov Proj. Dec Proj.
Beginning Stocks 40 48 58 70 45 45
Imports 488 532 672 667 675 709
Total Supply 528 580 730 737 720 754
             
Domestic Use 480 522 660 692 665 696
: Food Consumption 324 347 480 498 480 511
: Other Consumption 156 175 180 194 185 185
Exports 0.1 0.1 0.1 0.1 0.1 0.1
Total Use 480 522 660 692 665 696
             
Ending Stocks 48 58 70 45 55 58
Stock-to-Use Ratio 10% 11.10% 10% 6.50% 8.30% 8.30%