| China Soybean Meal Supply and Demand Estimates (Oct-Sept) | ||||||||
| Item | 2015/16 | 2016/17 | 2017/18 | 2018/19 | 2019/20 | 2020/21 | ||
| (0,000 tonnes) | Est. | Est. | Est. | Est. | Oct Proj. | Nov Proj. | Oct Proj. | Nov Proj. |
| Beginning Stocks | 83 | 70 | 98 | 95 | 71 | 71 | 108 | 108 |
| Domestic Production | 6,464 | 6,992 | 7,114 | 6,707 | 7,248 | 7,248 | 7,507 | 7,588 |
| Imports | 2 | 2 | 2 | 7 | 8 | 8 | 8 | 8 |
| Total Supply | 6,549 | 7,064 | 7,214 | 6,809 | 7,327 | 7,327 | 7,623 | 7,704 |
| Domestic Consumption | 6,290 | 6,839 | 6,984 | 6,648 | 7,114 | 7,114 | 7,388 | 7,472 |
| Exports | 189 | 127 | 135 | 90 | 105 | 105 | 110 | 110 |
| Total Use | 6,479 | 6,966 | 7,119 | 6,738 | 7,219 | 7,219 | 7,498 | 7,582 |
| Ending Stocks | 70 | 98 | 95 | 71 | 108 | 108 | 125 | 122 |
| Stock-to-Use Ratio | 1.08% | 1.43% | 1.33% | 1.05% | 1.50% | 1.50% | 1.70% | 1.61% |