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

2020-12-14 www.cofeed.com
China Rapeseed Supply and Demand Estimates (June-May)
Item/Year 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes) Est. Est. Est. Est. Est. Nov Proj. Dec Proj.
Beginning Stocks 50 45 54 69 54 44 44
Domestic Production 610 450 410 370 360 370 370
Imports 440 394 450 470 210 250 250
Total Supply 1100 889 914 909 624 664 664
               
Crushing 1010 805 815 835 565 615 615
    : Domestic 580 420 385 355 345 355 355
    : Imported 430 385 430 480 220 260 260
Seed & Other Consumption 45 30 30 20 15 15 15
Total Consumption 1055 835 845 855 580 630 630
Ending Stocks 45 54 69 54 44 34 34
Stock-to-use Ratio 4.27% 6.47% 8.17% 6.32% 7.59% 5.40% 5.40%