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

2020-12-11 www.cofeed.com
China Cottonseed Oil Supply and Demand Estimates (Oct-Sept)
 Item/Year 2017/18 2018/19 2019/20 2020/21
(000 tonnes) Est. Est. Est. Nov Proj. Dec Proj.
Beginning Stocks 139 146 129 142 142
Production 857 921 998 968 968
Imports 0 0 0 1 1
Total Supply 996 1067 1127 1111 1111
           
Domestic Consumption 850 938 983 971 971
Exports 0 4 2 2 2
Total Use 850 942 985 973 973
Ending Stocks 146 129 142 138 138
Stocks-to-Use Ratio 17.18% 13.69% 14.42% 14.18% 14.18%
Remarks: Cottonseed oil 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.