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Cofeed: China Soybean Meal Supply and Demand Estimates (Dec, 2020)

2020-12-11 www.cofeed.com
China Soybean Meal Supply and Demand Estimates (Oct-Sept)
Item 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes) Est. Est. Est. Est. Nov Proj. Dec Proj. Nov Proj. Dec Proj.
Beginning Stocks 83  70  98  95  71  71  108  108 
Domestic Production 6,464  6,992  7,114  6,707  7,248  7,248  7,588  7,587 
Imports
Total Supply 6,549  7,064  7,214  6,809  7,327  7,327  7,704  7,703 
 
Domestic Consumption 6,290  6,839  6,984  6,648  7,114  7,114  7,472  7,471 
Exports 189  127  135  90  105  105  110  110 
Total Use 6,479  6,966  7,119  6,738  7,219  7,219  7,582  7,581 
 
Ending Stocks 70  98  95  71  108  108  122  122 
Stock-to-Use Ratio 1.08% 1.43% 1.33% 1.05% 1.50% 1.50% 1.61% 1.61%