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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%