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Cofeed: China Cottonseed Supply and Demand Estimates (Sept, 2020)

2020-09-14 www.mnk-9.com
China Cottonseed Supply and Demand Estimates (Oct-Sept)
 Item/Year 2017/18 2018/19 2019/20 2020/21
(000 tonnes) Est. Est. Aug Proj. Sept Proj. Sept Proj.
Beginning Stocks 132 58 21 21 41
Production 7905 8761 8123 8123 7818
Imports 115 11 10 10 10
Total Supply 8152 8830 8154 8154 7869
           
Crushing 6800 7311 6920 6920 6702
Industrial and Other Consumption 1054 1250 950 950 900
Seeds 240 248 243 243 230
Exports 0 0 0 0 0
Total Consumption 8094 8809 8113 8113 7832
Ending Stocks 58 21 41 41 37
Stocks-to-Use Ratio 0.72% 0.24% 0.51% 0.51% 0.47%
Remarks: Cottonseed production is adjusted, as cotton planting acreage and production is also adjusted according to latest data of China's Bureau of Statistics and actual researches.