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

2020-12-12 www.cofeed.com

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%

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