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

2021-03-10 www.cofeed.com
 
Item 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes) Est. Est. Est. Est. Est. Feb Proj. Mar Proj.
Beginning Stocks 83  70  98  95  71  108  108 
Domestic Production 6,464  6,992  7,114  6,707  7,248  7,664  7,664 
Imports
Total Supply 6,549  7,064  7,214  6,809  7,327  7,780  7,703 
 
Domestic Consumption 6,290  6,839  6,984  6,648  7,114  7,555  7,555 
Exports 189  127  135  90  105  110  110 
Total Use 6,479  6,966  7,119  6,738  7,219  7,665  7,665 
 
Ending Stocks 70  98  95  71  108  115  115 
Stock-to-Use Ratio 1.08% 1.43% 1.33% 1.05% 1.50% 1.50% 1.50%