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Cofeed: China Soybean Supply and Demand Estimates (Feb, 2021)

2021-02-10 www.cofeed.com
China Soybean Supply and Demand Estimates (Oct-Sept)
Item/Year 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes) Est. Est. Est. Est. Jan. Proj. Feb. Proj.
Beginning Stocks 1294 1384 1559 1289 1601 1651
Domestic Production 1265 1485 1590 1650 1700 1760
Imports 9220 9411 8280 9662 10000 10200
Total Supply 11779 12280 11429 12601 13301 13611
 
Crush: of which 8800 8986 8500 9180 9600 9700
Domestic Soybeans 137 200 210 210 200 215
Imported Soybeans 8663 8786 8290 8970 9400 9485
Exports 15 15 15 15 15 15
Seeds 60 70 75 85 85 87
Food & Industrial Consumption 1520 1650 1550 1670 1750 1780
Total Use 10395 10721 10140 10950 11450 11582
 
Ending Stocks 1384 1559 1289 1651 1851 2029
Stock-to-use Ratio 0.1331 0.1454 0.1271 0.1462 0.1617 0.1752