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Cofeed: China Fishmeal Supply and Demand Estimates (Jul, 2020)

2020-07-06 www.mnk-9.com
China Fishmeal Supply and Demand Estimates (Jan-Dec)
Item/Year 2016 2017 2018 2019 2020*
(0,000 tonnes) Est. Est. Est. Est. Jul Proj.
Beginning Stocks 16.8 10.8 9 17 20
Imports 104 158 145 135 149
Production 17 27 38 39 38
Total Supply 137.8 195.8 192 191 207
Consumption 125.5 186.7 174.9 170.9 178.5
Exports 0.1 0.1 0.1 0.1 0.1
Total Use 125.6 186.8 175 171 178.6
Ending Stocks 10.8 9 17 20 28.4
Stock-to-Use Ratio 8.60% 4.82% 9.71% 11.70% 15.90%
Remarks The above is for reference only and does not constitute any suggestion, so the investor shall take his own risk if operating accordingly.