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Cofeed: China Corn Supply and Demand Estimates (Jan, 2021)

2021-01-12 www.cofeed.com
China Corn Supply and Demand Estimates (Oct-Sept)
Item/Year 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes; 0,000 ha) Est. Est. Est. Est. Est. Dec Proj. Jan Proj.
Beginning Stocks 4001.75 726.75 5916.45 9802.05 6443.05 6077.05 6077.05
Planted Area 4437 4127 3741 3700 3320 3223 3223
Production 26980 24680 21450 21580 21784 20660 20660
Net Release by Policy -10368 5739 10035 2191 5683 0 0
Imports 317.42 246.4 345.5 448 720 1700 1700
Total Supply 20931.17 31392.15 37746.95 34021.05 34630.05 28437.05 28437.05
Domestic Consumption 20204 25468 27943 27568 28545 27715 27865
Feed Consumption 13390 16898 17978 16878 17885 18085 18035
Industrial Consumption 4920 6500 7800 8500 8360 7360 7560
Seeds & Food Use 1750 1850 1900 1950 2050 2070 2070
Waste 144 220 265 240 250 200 200
Exports 0.42 7.7 1.9 10 8 9 9
Total Demand 20204.42 25475.7 27944.9 27578 28553 27224 27874
Ending Stocks 726.75 5916.45 9802.05 6443.05 6077.05 713.05 563.05
Stock-to-use Ratio 3.60% 23.22% 35.08% 23.36% 21.28% 2.57% 2.02%