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TABLE-China revises 2019/20 soybean import forecast lower

BEIJING, Sept 12 (Reuters) - China on Thursday said it was expecting lower soybean imports for 2019/20 from an estimate released last month, due to Sino-U.S. trade war and higher domestic output. Soybean imports for the year are now seen at 84 million tonnes, down 900,000 tonnes from last month's forecast, the Ministry of Agriculture and Rural Affairs said in its monthly crop report. Corn consumption for feed in 2018/19 was seen at 174 million tonnes, down 2 million tonnes from the previous month's estimates, due to a larger-than-expected fall in pig and sow herds, according to the monthly Chinese Agricultural Supply and Demand Estimates (CASDE). The ministry reported last month that the world's largest pig herd shrank by 32.2% in July from the same month a year ago, while the number of sows declined by 31.9%, as African swine fever continued to spread through the country. Key numbers from the CASDE are below 2017/ 2018/2019 2019/2020 2019/2020 Percentage 2018 (September (August (September change estimate) forecast) forecast) Corn - crop year Oct-Sept Planted 42.40 42.13 41.48 41.48 0.00% acreage (mln hectares) Output 259.0 257.33 253.44 255.51 0.82% (mln 7 tonnes) Imports 3.47 4.25 3.00 3.00 0.00% (mln tonnes) Consumpti 270.2 281.28 280.80 280.80 0.00% on (mln 5 tonnes) Exports 0.02 0.02 0.05 0.05 0.00% (mln tonnes) Balance -7.73 -19.72 -24.41 -22.34 8.48% (mln tonnes) Soybean - crop year Oct-Sept Planted 8.25 8.40 9.07 9.07 0.00% acreage (mln hectares) Output 15.28 16.00 17.27 17.23 -0.23% (mln tonnes) Imports 94.13 83.50 84.90 84.00 -1.06% (mln tonnes) Consumpti 107.0 102.91 103.65 102.85 -0.77% on (mln 5 tonnes) Exports 0.14 0.23 0.15 0.15 0.00% (mln tonnes) Balance 2.22 -3.64 -1.63 -1.77 -8.59% (mln tonnes) Cotton - crop year Sept-Aug Beginning 8.75 7.43 7.23 7.23 0.00% stocks (mln tonnes) Planted 3.35 3.37 3.30 3.30 0.00% acreage (mln hectares) Output 5.89 6.04 5.80 5.80 0.00% (mln tonnes) Imports 1.32 2.05 2.10 2.10 0.00% (mln tonnes) Consumpti 8.49 8.25 8.25 8.25 0.00% on (mln tonnes) Exports 0.04 0.04 0.04 0.04 0.00% (mln tonnes) Ending 7.43 7.23 6.84 6.84 0.00% Stocks (mln tonnes) Sugar - crop year Oct-Sept Planted 1.38 1.48 1.48 1.48 0.00% acreage (mln hectares) Cane 1.20 1.24 1.24 1.24 0.00% Beet 0.18 0.23 0.24 0.24 0.00% Output 10.31 10.76 10.88 10.88 0.00% (mln tonnes) Cane 9.16 9.44 9.49 9.49 0.00% sugar Beet 1.15 1.32 1.39 1.39 0.00% sugar Imports 2.43 2.90 3.04 3.04 0.00% (mln tonnes) Consumpti 15.10 15.20 15.20 15.20 0.00% on (mln tonnes) Exports 0.18 0.18 0.18 0.18 0.00% (mln tonnes) Balance -2.54 -1.72 -1.46 -1.46 0.00% (mln tonnes) Edible oils - crop year Oct-Sept Output 27.25 25.50 25.95 25.80 -0.58% (mln tonnes) Soybean 15.87 14.46 14.76 14.61 -1.02% oil Rapeseed 5.89 5.66 5.63 5.63 0.00% oil Peanut 3.12 3.07 3.12 3.12 0.00% oil Imports 6.11 7.40 6.91 6.91 0.00% (mln tonnes) Palm oil 3.58 4.30 4.05 4.05 0.00% Rapeseed 1.07 1.35 1.10 1.10 0.00% oil Soybean 0.48 0.65 0.60 0.60 0.00% oil Consumpti 33.36 33.30 33.36 33.36 0.00% on (mln tonnes) Exports 0.29 0.26 0.26 0.26 0.00% (mln tonnes) Balance -0.28 -0.65 -0.75 -0.91 -21.33% (mln tonnes) (Reporting by Hallie Gu and Dominique Patton; Editing by Rashmi Aich)

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