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Cofeed: China Palm Oil Supply and Demand Estimates (Feb, 2021)

2021-02-18 www.mnk-9.com
China Palm Oil Supply and Demand Estimates (Oct-Sept)
Item 2016/17 2017/18 2018/19 2019/20 2020/21
(0,000 tonnes) Est. Est. Est. Est. Jan Proj. Feb Proj.
Beginning Stocks 40 48 58 70 45 45
Imports 488 532 672 655 700 702
Total Supply 528 580 730 725 745 747
             
Domestic Use 480 522 660 655 687 689
 : Food Consumption 324 347 480 470 502 504
 : Other Consumption 156 175 180 185 185 185
Exports 0.1 0.1 0.1 0.1 0.1 0.1
Total Use 480 522 660 655 687 689
             
Ending Stocks 48 58 70 70 58 58
Stock-to-Use Ratio 10% 11.10% 10% 6.50% 8.40% 8.40%