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. | Nov Proj. | Dec Proj. | Nov Proj. | Dec Proj. |
Beginning Stocks | 97 | 118 | 148 | 171 | 135 | 135 | 134 | 134 |
Domestic Production | 1476 | 1577 | 1614 | 1541 | 1696 | 1696 | 1770 | 1771 |
Imports | 53 | 58 | 48 | 80 | 100 | 100 | 100 | 100 |
Total Supply | 1626 | 1753 | 1810 | 1792 | 1931 | 1931 | 2004 | 2005 |
Domestic Consumption | 1500 | 1594 | 1627 | 1638 | 1779 | 1779 | 1834 | 1825 |
Food Consumption | 1356 | 1452 | 1477 | 1488 | 1499 | 1499 | 1564 | 1565 |
Other Consumption | 144 | 142 | 150 | 150 | 280 | 280 | 270 | 260 |
Exports | 8 | 11 | 12 | 19 | 18 | 18 | 20 | 20 |
Total Use | 1508 | 1605 | 1639 | 1657 | 1797 | 1797 | 1854 | 1845 |
Ending Stocks | 118 | 148 | 171 | 135 | 134 | 134 | 150 | 150 |
Stock-to-use Ratio | 7.82% | 9.22% | 10.43% | 8.50% | 7.46% | 7.46% | 8.09% | 8.13% |