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

2020-12-11 www.cofeed.com
China Corn Supply and Demand Estimates (Oct-Sept)
Item/Year 2014/15 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes; 0,000 ha) Est. Est. Est. Est. Est. Est. Nov Proj. Dec Proj.
Beginning Stocks 6002 4001.75 726.75 5916.45 9802.05 6443.05 6077.05 6077.05
Planted Area 4161 4437 4127 3741 3700 3320 3223 3223
Production 24850 26980 24680 21450 21580 21784 20660 20660
Net Release by Policy -7756 -10368 5739 10035 2191 5683 0 0
Imports 552 317.42 246.4 345.5 448 720 1700 1700
Total Supply 23648 20931.17 31392.15 37746.95 34021.05 34630.05 28437.05 28437.05
Domestic Consumption 19645 20204 25468 27943 27568 28545 27715 27715
Feed Consumption 13150 13390 16898 17978 16878 17885 18085 18085
Industrial Consumption 4650 4920 6500 7800 8500 8360 7360 7360
Seeds & Food Use 1680 1750 1850 1900 1950 2050 2070 2070
Waste 165 144 220 265 240 250 200 200
Exports 1.25 0.42 7.7 1.9 10 8 9 9
Total Demand 19646.25 20204.42 25475.7 27944.9 27578 28553 27224 27224
Ending Stocks 4001.75 726.75 5916.45 9802.05 6443.05 6077.05 713.05 713.05
Stock-to-use Ratio 20.37% 3.60% 23.22% 35.08% 23.36% 21.28% 2.57% 2.57%