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China's Agriculture Ministry: China Edible Vegetable Oils Supply and Demand Estimates (Jan, 2021)

2021-01-13 www.cofeed.com
China Edible Vegetable Oils Supply and Demand Estimates
Crop year: Oct-Sept 2018/19 2019/20
(Jan Est.)
2020/21
(Dec Proj.)
2020/21
(Jan Proj.)
0,000 tonnes
Production 2549 2821 2765 2816
    Soybean Oil (SBO) 1431 1701 1658 1710
    Rapeseed Oil (RSO) 569 565 526 526
    Peanut Oil (PNO) 318 324 339 339
Imports 855 927 845 845
    Palm Oil (PO) 495 462 420 420
    Rapeseed Oil 151 190 180 180
    Soybean Oil 78 96 70 70
Domestic Consumption 3338 3290 3382 3382
     Urban 2607 2587 2676 2676
     Rural 731 703 706 706
Exports 27 26 27 27
Ending Stocks Change 40 293 202 103
CNY/tonne
Domestic SBO Ex-mill Prices 5452 6178 6600-7600 6600-7600
Imported PO Duty-paid Prices 4535 5615 5800-6800 5800-6800
Domestic RSO Ex-mill Prices 7009 8170 8600-9600 8600-9600
Domestic PNO Ex-mill Prices 12449 15621 16000-18000 16000-18000
Imported SBO Duty-paid Prices 5748 6435 6800-7800 6800-7800
Remarks:
1. Palm oil does not include palm stearin.
2. Domestic soybean oil, rapeseed oil and peanut oil prices refer to GB Grade IV, GB Grade IV and GB Grade I, respectively; and palm oil price is the CIF of palm olein.