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

2021-04-08 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. Mar Proj. Apr Proj.
Beginning Stocks 40 48 58 70 45 45
Imports 488 532 672 667 709 715
Total Supply 528 580 730 737 754 760
             
Domestic Use 480 522 660 692 701 710
 : Food Consumption 324 347 480 498 522 525
 : Other Consumption 156 175 180 194 185 185
Exports 0.1 0.1 0.1 0.1 0.1 0.1
Total Use 480 522 660 692 701 710
             
Ending Stocks 48 58 70 45 53 50
Stock-to-Use Ratio 10% 11.10% 10% 6.50% 7.60% 7.04%