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

2021-03-10 www.cofeed.com
China Rapeseed Meal Supply and Demand Estimates  (Jun-May)
Item/Year 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 30 40 29 40 38 25 25
Domestic Production 598 461 482 473 330 370 370
Imports 22 75 110 139 160 180 180
Total Supply 650 576 621 652 523 575 575
Domestic Consumption 600 545 579 612 496 550 550
Exports 10 2 2 2 2 2 2
Total Use 610 547 581 614 498 552 552
Carry-over Stocks 40 29 40 38 25 23 23
Stock-to-Use Ratio 5.74% 5.30% 6.88% 6.19% 5.02% 4.17% 4.17%