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

2021-04-16 www.cofeed.com
China Soybean Oil Supply and Demand Estimates (Oct-Sept)
Item/Year 2015/16 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes) Est. Est. Est. Est. Proj. Mar Proj. Apr Proj.
Beginning Stocks 97 118 148 171 135 134 134
Domestic Production 1476 1577 1614 1541 1696 1795 1811
Imports 53 58 48 80 100 95 100
Total Supply 1626 1753 1810 1792 1931 2024 2045
   
Domestic Consumption 1500 1594 1627 1638 1779 1861 1882
Food Consumption 1356 1452 1477 1488 1499 1601 1622
Other Consumption 144 142 150 150 280 260 260
Exports 8 11 12 19 18 20 20
Total Use 1508 1605 1639 1657 1797 1881 1902
   
Ending Stocks 118 148 171 135 134 143 143
Stock-to-use Ratio 7.82% 9.22% 10.43% 8.50% 7.46% 7.60% 7.52%