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

2021-02-18 www.cofeed.com

China Palm Oil Supply and Demand Estimates (Oct-Sept)
Item	2016/17	2017/18	2018/19	2019/20	2020/21
(0,000 tonnes)	Est.	Est.	Est.	Est.	Jan Proj.	Feb Proj.
Beginning Stocks	40	48	58	70	45	45
Imports	488	532	672	655	700	702
Total Supply	528	580	730	725	745	747

Domestic Use	480	522	660	655	687	689
: Food Consumption	324	347	480	470	502	504
: Other Consumption	156	175	180	185	185	185
Exports	0.1	0.1	0.1	0.1	0.1	0.1
Total Use	480	522	660	655	687	689

Ending Stocks	48	58	70	70	58	58
Stock-to-Use Ratio	10%	11.10%	10%	6.50%	8.40%	8.40%

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