China Rapeseed Supply and Demand Estimates (June-May) | |||||||
Item/Year | 2015/16 | 2016/17 | 2017/18 | 2018/19 | 2019/20 | 2020/21 | |
(0,000 tonnes) | Est. | Est. | Est. | Est. | Est. | Mar Proj. | Apr Proj. |
Beginning Stocks | 50 | 45 | 54 | 69 | 54 | 44 | 44 |
Domestic Production | 610 | 450 | 410 | 370 | 360 | 370 | 370 |
Imports | 440 | 394 | 450 | 470 | 210 | 270 | 300 |
Total Supply | 1100 | 889 | 914 | 909 | 624 | 684 | 714 |
Crushing | 1010 | 805 | 815 | 835 | 565 | 635 | 665 |
: Domestic | 580 | 420 | 385 | 355 | 345 | 355 | 355 |
: Imported | 430 | 385 | 430 | 480 | 220 | 280 | 310 |
Seed & Other Consumption | 45 | 30 | 30 | 20 | 15 | 15 | 15 |
Total Consumption | 1055 | 835 | 845 | 855 | 580 | 650 | 680 |
Ending Stocks | 45 | 54 | 69 | 54 | 44 | 34 | 34 |
Stock-to-use Ratio | 4.27% | 6.47% | 8.17% | 6.32% | 7.59% | 5.23% | 5.00% |