Cofeed: China Palm Oil Supply and Demand Estimates (Jun, 2020)

2020-06-09 www.mnk-9.com

China Palm Oil Supply and Demand Estimates (Oct-Sept)
Item	2014/15	2015/16	2016/17	2017/18	2018/19	2019/20		2020/21
(0,000 tonnes)	Est.	Est.	Est.	Est.	Est.	Apr Proj.	May Proj.	Jun Proj.
Beginning Stocks	73	82	40	48	58	70	70	50
Imports	569	470	488	532	672	603	615	655
Total Supply	642	552	528	580	730	673	685	705

Domestic Use	560	512	480	522	660	615	627	650
: Food Consumption	360	320	324	347	480	425	437	465
: Other Consumption	200	192	156	175	180	190	190	185
Exports	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Total Use	560	512	480	522	660	615	627	650

Ending Stocks	82	40	48	58	70	58	58	55

China Palm Oil Supply and Demand Estimates by Month
Item/Year	Est.	Beginning Stocks	Imports	Total Supply	Domestic Consumption	Ending Stocks
2019	Jan	47	51	98	31	67
	Feb	67	32	99	21	78
	Mar	78	41	119	42	77
	Apr	77	33	110	32	78
	May	78	43	121	48	73
	Jun	73	31	104	38	66
	Jul	66	49	115	51	64
	Aug	64	58	122	67	55
	Sept	55	44	99	44	55
	Oct	55	55	110	52	58
	Nov	58	64	122	53	69
	Dec	69	54	123	50	73
2020	Jan	73	36	109	22	87
	Feb	87	24	111	18	93
	Mar	93	22	115	36	79
	Apr	79	23	102	51	51
	May	51	30	81	39	42
	Jun	42	30	72	36	36
	Jul	36	30	66	35	31
	Aug	31	35	66	36	30
	Sept	30	35	65	28	37

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