China Corn Supply and Demand Estimates | |||||||
Item/Year | 2015/16 | 2016/17 | 2017/18 | 2018/19 | 2019/20 | 2020/21 | |
(0,000 tonnes; 0,000 ha) | Est. | Est. | Est. | Est. | Est. | Mar Proj. | Apr Proj. |
Beginning Stocks | 4001.75 | 726.75 | 5916.45 | 9802.05 | 6443.05 | 6117.05 | 6117.05 |
Planted Area | 4437 | 4127 | 3741 | 3700 | 3320 | 3223 | 3223 |
Production | 26980 | 24680 | 21450 | 21580 | 21784 | 20660 | 20660 |
Net Release by Policy | -10368 | 5739 | 10035 | 2191 | 5683 | 0 | 0 |
Imports | 317.42 | 246.4 | 345.5 | 448 | 720 | 2500 | 2800 |
Total Supply | 20931.17 | 31392.15 | 37746.95 | 34021.05 | 34630.05 | 29277.05 | 29577.05 |
Domestic Consumption | 20204 | 25468 | 27943 | 27568 | 28545 | 28065 | 26965 |
Feed Consumption | 13390 | 16898 | 17978 | 16878 | 17885 | 18235 | 17235 |
Industrial Consumption | 4920 | 6500 | 7800 | 8500 | 8360 | 7560 | 7460 |
Seeds & Food Use | 1750 | 1850 | 1900 | 1950 | 2050 | 2070 | 2070 |
Waste | 144 | 220 | 265 | 240 | 250 | 200 | 200 |
Exports | 0.42 | 7.7 | 1.9 | 10 | 8 | 9 | 9 |
Total Demand | 20204.42 | 25475.7 | 27944.9 | 27578 | 28553 | 28074 | 26974 |
Ending Stocks | 726.75 | 5916.45 | 9802.05 | 6443.05 | 6077.05 | 1203.05 | 2603.05 |
Stock-to-use Ratio | 3.60% | 23.22% | 35.08% | 23.36% | 21.28% | 4.29% | 9.65% |