Key numbers from the CASDE report are below.
2020/2021 2021/22 2022/23 2022/23 Percentage
February January February change
Estimate Forecast Forecast
Corn - crop year Oct-Sept
Planted acreage 41.264 43.324 43.07 43.07 0.00%
(mln hectares)
Output (mln 260.66 272.55 277.2 277.2 0.00%
tonnes)
Imports (mln 29.56 29.56 18 18 0.00%
tonnes)
Consumption 282.16 287.7 290.51 290.51 0.00%
(mln tonnes)
Exports (mln 0 0 0.01 0.01 0.00%
tonnes)
Balance (mln 8.06 14.41 4.68 4.68 0.00%
tonnes)
Soybean - crop year Oct-Sept
Planted acreage 9.882 8.4 10.243 10.243 0.00%
(mln hectares)
Output (mln 19.6 16.4 20.29 20.29 0.00%
tonnes)
Imports (mln 99.78 91.6 95.2 95.2 0.00%
tonnes)
Consumption 113.26 107.97 112.87 112.87 0.00%
(mln tonnes)
Exports (mln 0.06 0.1 0.15 0.15 0.00%
tonnes)
Balance (mln 6.06 -0.07 2.47 2.47 0.00%
tonnes)
Cotton - crop year Sept-Aug
Beginning 7.36 7.6 7.13 7.13 0.00%
stocks (mln
tonnes)
Planted acreage 3.17 3.028 3 3 0.00%
(mln hectares)
Output (mln 5.91 5.73 5.98 5.98 0.00%
tonnes)
Imports (mln 2.75 1.73 1.85 1.85 0.00%
tonnes)
Consumption 8.4 7.9 7.5 7.5 0.00%
(mln tonnes)
Exports (mln 0.03 0.03 0.03 0.03 0.00%
tonnes)
Ending Stocks 7.6 7.13 7.43 7.43 0.00%
(mln tonnes)
Sugar - crop year Oct-Sept
Planted acreage 1.453 1.263 1.362 1.362 0.00%
(mln hectares)
Cane 11.91 11.22 11.63 11.63 0.00%
Beet 2.62 1.41 1.99 1.99 0.00%
Output (mln 14.53 12.63 13.62 13.62 0.00%
tonnes)
Cane sugar 11.91 11.22 11.63 11.63 0.00%
Beet sugar 2.62 1.41 1.99 1.99 0.00%
Imports (mln 6.34 5.33 5 5 0.00%
tonnes)
Consumption 15.5 15.4 15.6 15.6 0.00%
(mln tonnes)
Exports (mln 0.13 0.16 0.18 0.18 0.00%
tonnes)
Balance (mln 1.38 -0.67 -0.73 -0.73 0.00%
tonnes)
Edible oils - crop year Oct-Sept
Output (mln 28.64 27.55 29.21 29.21 0.00%
tonnes)
Soybean oil 17.14 15.94 16.75 17.7 5.67%
Rapeseed 5.72 5.73 6.53 6.53 0.00%
Peanut oil 3.37 3.42 3.38 3.33 -1.48%
Imports (mln 10.74 5.78 8.43 8.43 0.00%
tonnes)
Palm oil 5.02 3.03 4.5 4.5 0.00%
Rapeseed 2.37 0.97 1.5 1.5 0.00%
Soybean oil 1.23 0.29 1.2 1.2 0.00%
Consumption 33.95 35.84 36.34 36.52 0.50%
(mln tonnes)
Exports (mln 0.27 0.15 0.27 0.27 0.00%
tonnes)
Balance (mln 2.86 -2.66 1.04 0.85 -18.27%
tonnes)
(Reporting by Dominique Patton; Editing by Subhranshu Sahu)
BEIJING, Feb 8 (Reuters) - China's agriculture ministry raised its 2022/23 edible oil
consumption outlook slightly on Wednesday, citing stronger rural migration to cities than
previously expected.
Edible oil consumption is seen up 0.5% at 36.52 million tonnes in this month's outlook,
versus 36.34 million tonnes in January's forecast.
Output of soy oil is expected to be almost 6% higher, added the monthly Chinese Agricultural
Supply and Demand Estimates (CASDE) report, without providing a reason.
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