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% |