Today is 12/22/2024
| China Edible Vegetable Oils Supply and Demand Estimates | ||||
| Crop year: Oct-Sept | 2018/19 | 2019/20 (Feb Est.) |
2020/21 (Jan Proj.) |
2020/21 (Feb Proj.) |
| 0,000 tonnes | ||||
| Production | 2549 | 2827 | 2816 | 2824 |
| Soybean Oil (SBO) | 1431 | 1701 | 1710 | 1710 |
| Rapeseed Oil (RSO) | 569 | 565 | 526 | 532 |
| Peanut Oil (PNO) | 318 | 329 | 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 | 3287 | 3532 | 3532 |
| Urban | 2607 | 2563 | 2676 | 2676 |
| Rural | 731 | 724 | 706 | 706 |
| Exports | 27 | 26 | 27 | 27 |
| Ending Stocks Change | 40 | 443 | 103 | 111 |
| 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. |
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