China Soybean Imports Stagnant Despite Record Consumption as Production Rebounds

Transcription

1 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 9-08 tember 2008 China Soybean Stagnant Despite Record Consumption as Rebounds Million Tons MY Total Consumption 2006/ / /2009 () China is expected to become slightly less dependent on foreign sources of soybeans in as additional domestic production is forecast to meet growing demand. This lower import demand parallels a global reduction in the demand for soybean imports due in part to high prices. Despite slightly lower imports, total domestic consumption of soybeans continues to trend upwards. Soybean consumption is projected at a record high, up 5 percent, leading to record crush projections for meal and oil. Consumption projections for 2008 indicate record-high levels, over 5 percent above the previous year. With this, China s record crush projections support historic highs in domestic consumption of soybean meal and soy oil. United States exports to China in are estimated to exceed 13 million tons comprising over 35 percent of China s import market. The United States participation in China s import market in depends on new-crop exportable supplies. Approved by the World Agricultural Outlook Board/USDA

2 Oilseed: Key Changes tember Argentine soybean exports grow for and. exports grew by 1.3 million tons to 13.5 million tons. Strong rd quarter sales, particularly to China, and year-to-date trade point to the higher figure. exports are increased 1.0 million tons to 13.9 million due to the increase in supply. The Argentine soybean production forecast was raised 1.0 million tons to 50.5 million tons.. -- EU27 soybean imports are raised for both current and forecast year based on current trade trends. for are raised 0.9 million tons to 15.4 million with the out-year forecast increased 0.7 million tons to 14.4 million tons. The lower out-year forecast relative to reflects the improved feed grains outlook for and increased sun and rape supplies in Eastern Europe. -- China s soybean import forecast is raised 1.1 million tons to 36.5 million tons based on projected strong 3 rd quarter 2008 trade soybean production is raised 0.5 million tons to 16.5 million -- South American soybean meal exports (Brazil, Argentina, and Bolivia) are reduced a combined 0.8 million tons as import demand is expected to decline in the 3 rd quarter of India s soybean meal exports are increased 0.7 million tons to 4.9 million tons. Out-year exports rose 0.9 million tons to 4.7 million tons due to competitive pricing and strong demand for oil meal in neighboring countries. --Vietnam s 2008/2009 soybean meal imports are increased 0.4 million tons to 2.6 million tons due to lowered import taxes and strong demand for feed grains. --EU27 soybean oil imports for and are lowered as growing imports of biodiesel and improved rapeseed supplies reduce the need soybean oil. are reduced 85,000 tons in and 230,000 tons in. -- Canada s rapeseed production forecast for is increased 0.6 million tons to 10.4 million due to better than expected yields. This comes on the heels of a 0.8 million ton upward revision in the 2007 crop this month to 9.5 million tons.

3 Table 01: Major Oilseeds: World Supply and Distribution (Commodity View) Million Metric Tons 2004/ /06 Aug Oilseed, Copra Oilseed, Cottonseed Oilseed, Palm Kernel Oilseed, Peanut Oilseed, Rapeseed Oilseed, Soybean Oilseed, Sunflowerseed Total Oilseed, Copra Oilseed, Cottonseed Oilseed, Palm Kernel Oilseed, Peanut Oilseed, Rapeseed Oilseed, Soybean Oilseed, Sunflowerseed Total Exports Oilseed, Copra Oilseed, Cottonseed Oilseed, Palm Kernel Oilseed, Peanut Oilseed, Rapeseed Oilseed, Soybean Oilseed, Sunflowerseed Total Crush Oilseed, Copra Oilseed, Cottonseed Oilseed, Palm Kernel Oilseed, Peanut Oilseed, Rapeseed Oilseed, Soybean Oilseed, Sunflowerseed Total Ending Stocks Oilseed, Copra Oilseed, Cottonseed Oilseed, Palm Kernel Oilseed, Peanut Oilseed, Rapeseed Oilseed, Soybean Oilseed, Sunflowerseed Total Totals may not add due to rounding

4 Table 02: Major Protein Meals: World Supply and Distribution (Commodity View) Million Metric Tons 2004/ /06 Aug Meal, Copra Meal, Cottonseed Meal, Fish Meal, Palm Kernel Meal, Peanut Meal, Rapeseed Meal, Soybean Meal, Sunflowerseed Total Meal, Copra Meal, Cottonseed Meal, Fish Meal, Palm Kernel Meal, Peanut Meal, Rapeseed Meal, Soybean Meal, Sunflowerseed Total Exports Meal, Copra Meal, Cottonseed Meal, Fish Meal, Palm Kernel Meal, Peanut Meal, Rapeseed Meal, Soybean Meal, Sunflowerseed Total Meal, Copra Meal, Cottonseed Meal, Fish Meal, Palm Kernel Meal, Peanut Meal, Rapeseed Meal, Soybean Meal, Sunflowerseed Total Ending Stocks Meal, Copra Meal, Cottonseed Meal, Fish Meal, Palm Kernel Meal, Peanut Meal, Rapeseed Meal, Soybean Meal, Sunflowerseed Total Totals may not add due to rounding

5 Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View) Million Metric Tons 2004/ /06 Aug Oil, Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflowerseed Total Oil, Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflowerseed Total Exports Oil, Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflowerseed Total Oil, Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflowerseed Total Ending Stocks Oil, Coconut Oil, Cottonseed Oil, Olive Oil, Palm Oil, Palm Kernel Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflowerseed Total Totals may not add due to rounding

6 Table 04: Major Oilseeds: World Supply and Distribution (Country View) Million Metric Tons 2004/ /06 Aug United States Brazil China, Peoples Republic Argentina India Other Total China, Peoples Republic EU Japan Mexico Argentina Taiwan Turkey Thailand Indonesia Korea, Republic of Other Total Exports United States Brazil Argentina Canada Paraguay Ukraine China, Peoples Republic Other Total Crush China, Peoples Republic United States Argentina EU Brazil India Russian Federation Indonesia Ukraine Canada Mexico Pakistan Japan Malaysia Turkey Other Total Ending Stocks Argentina Brazil United States China, Peoples Republic EU Other Total Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.

7 Table 05: Major Protein Meals: World Supply and Distribution (Country View) Million Metric Tons 2004/ /06 Aug China, Peoples Republic United States Argentina Brazil EU Other Total EU Korea, Republic of Vietnam Thailand Indonesia Japan United States Other Total Exports Argentina Brazil United States India Indonesia Malaysia Canada Other Total EU China, Peoples Republic United States Brazil India Japan Mexico Thailand Korea, Republic of Russian Federation Other Total SME EU China, Peoples Republic United States Brazil India Japan Mexico Other Total Ending Stocks Brazil Argentina EU United States Japan Other Total Major Protien Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.

8 Table 06: Major Vegetable Oils: World Supply and Distribution (Country View) Million Metric Tons 2004/ /06 Aug Indonesia Malaysia China, Peoples Republic EU United States Argentina India Other Total China, Peoples Republic EU India United States Pakistan Egypt Bangladesh Iran Turkey Russian Federation Other Total Exports Indonesia Malaysia Argentina Brazil Ukraine Canada United States Other Total China, Peoples Republic EU India United States Indonesia Malaysia Brazil Pakistan Russian Federation Japan Mexico Turkey Egypt Bangladesh Argentina Other Total Ending Stocks Malaysia EU United States Indonesia Argentina Other Total Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.

9 Table 07: Soybeans: World Supply and Distribution Thousand Metric Tons 2004/ /06 Aug United States 85,013 83,368 86,770 70,358 80,901 79,848 Brazil 53,000 57,000 59,000 61,000 62,500 62,500 Argentina 39,000 40,500 48,800 46,500 49,500 50,500 China, Peoples Republic 17,400 16,350 15,200 13,500 16,000 16,500 India 5,850 7,000 7,690 9,300 9,100 9,200 Paraguay 4,040 3,640 6,200 6,800 7,200 7,200 Canada 3,042 3,161 3,460 2,700 3,060 3,170 Other 8,413 9,512 9,441 8,066 9,096 9,076 Total 215, , , , , ,994 China, Peoples Republic 25,802 28,317 28,726 36,500 36,000 36,000 EU-27 14,539 13,937 15,291 15,400 13,650 14,350 Japan 4,295 3,962 4,094 4,050 4,050 4,050 Mexico 3,640 3,667 3,940 3,750 3,640 3,640 Argentina ,986 2,950 2,650 3,325 Taiwan 2,256 2,498 2,436 2,250 2,300 2,300 Thailand 1,517 1,473 1,532 1,600 1,650 1,650 Indonesia 1,112 1,187 1,309 1,400 1,450 1,450 Korea, Republic of 1,240 1,190 1,231 1,250 1,260 1,260 Turkey ,172 1,200 1,200 1,200 Other 7,539 6,253 7,484 7,949 8,375 8,248 Total 63,490 64,054 69,201 78,299 76,225 77,473 Exports Brazil 20,137 25,911 23,485 25,500 27,500 27,500 United States 29,860 25,579 30,386 31,434 27,216 27,216 Argentina 9,568 7,249 9,559 13,500 12,900 13,900 Paraguay 2,888 2,315 4,500 5,080 4,575 5,400 Canada 1,124 1,318 1,683 1,825 1,620 1,720 Other 1,197 1,375 1,841 1,629 1,856 1,861 Total 64,774 63,747 71,454 78,968 75,667 77,597 Crush United States 46,160 47,324 49,198 49,396 49,396 48,580 China, Peoples Republic 30,362 34,500 35,477 38,750 41,020 41,220 Argentina 27,313 31,888 33,586 35,350 37,700 37,500 Brazil 29,344 28,285 31,109 32,250 32,500 32,500 EU-27 14,350 13,670 14,670 14,840 13,295 13,800 India 5,030 5,990 6,615 7,998 7,870 7,900 Mexico 3,729 3,823 3,985 3,800 3,705 3,705 Japan 3,149 2,820 2,925 2,855 2,840 2,840 Taiwan 2,013 2,190 2,161 2,000 2,025 2,025 Paraguay 979 1,220 1,550 1,610 2,475 1,650 Canada 1,545 1,497 1,524 1,410 1,500 1,500 Thailand 1,500 1,413 1,406 1,390 1,400 1,400 Bolivia 1,815 1,843 1,545 1,140 1,560 1,380 Iran 1,129 1,254 1,030 1,170 1,235 1,235 Egypt ,250 1,150 1,133 1,133 Other 6,600 6,695 7,498 7,841 8,013 8,008 Total 175, , , , , ,376 Ending Stocks Argentina 15,976 16,473 22,606 21,690 22,152 22,577 Brazil 16,658 16,641 18,190 18,640 17,991 18,300 China, Peoples Republic 4,700 4,573 2,656 3,356 2,886 3,886 United States 6,960 12,229 15,617 3,811 3,685 3,666 EU ,118 1, Other 2,395 2,452 2,462 1,606 1,789 1,822 Total 47,446 53,101 62,649 50,127 49,283 51,231 Most countries are on an October/tember Marketing Year (MY). The United States, Mexico, and Thailand are on a tember/augus MY. Canada is on an August/July MY. Paraguay is on a March/February MY and Turkey is on an March/February MY.

10 Table 08: Soybean Meal: World Supply and Distribution Thousand Metric Tons 2004/ /06 Aug United States 36,936 37,416 39,058 39,022 39,086 38,496 China, Peoples Republic 24,026 27,296 28,090 30,685 32,470 32,600 Argentina 21,601 25,012 26,061 27,660 29,250 29,438 Brazil 22,740 21,920 24,110 24,970 25,175 25,190 EU-27 11,300 10,760 11,550 11,685 10,470 10,870 India 4,015 4,782 5,280 6,385 6,282 6,305 Mexico 2,958 3,030 3,158 3,012 2,935 2,935 Other 15,380 15,609 16,502 16,336 17,566 16,812 Total 138, , , , , ,646 EU-27 21,910 22,829 22,176 23,900 23,000 23,000 Vietnam 1,152 1,722 2,190 2,400 2,200 2,600 Indonesia 1,849 2,071 2,237 2,400 2,450 2,450 Thailand 1,779 2,052 2,275 1,950 2,400 2,200 Korea, Republic of 1,462 1,773 1,870 1,835 1,850 1,850 Japan 1,503 1,601 1,737 1,770 1,740 1,760 Mexico 1,251 1,728 1,780 1,550 1,850 1,700 Canada 1,160 1,353 1,416 1,550 1,560 1,560 Philippines 1,377 1,374 1,357 1,390 1,600 1,500 Malaysia ,035 1,035 Other 12,075 14,150 14,696 15,356 16,602 16,082 Total 46,195 51,432 52,633 55,081 56,287 55,737 Exports Argentina 20,650 24,197 25,625 26,900 28,500 28,785 Brazil 14,256 12,895 12,715 12,400 13,200 12,800 United States 6,659 7,301 7,987 8,573 7,983 7,802 India 1,794 3,679 3,461 4,850 3,800 4,700 Paraguay ,128 1,112 1,840 1,147 Other 2,832 2,855 3,084 2,371 2,496 2,395 Total 46,835 51,724 54,000 56,206 57,819 57,629 EU-27 32,680 32,875 33,192 35,171 33,122 33,542 China, Peoples Republic 23,437 27,776 27,255 30,215 32,070 32,200 United States 30,446 30,114 31,184 30,618 31,253 30,844 Brazil 8,960 9,328 11,118 11,995 12,300 12,750 Mexico 4,208 4,751 4,934 4,555 4,785 4,632 Japan 3,978 3,846 3,992 4,003 3,946 3,976 Thailand 2,985 3,196 3,352 3,150 3,563 3,310 Vietnam 1,152 1,722 2,190 2,400 2,200 2,600 Canada 2,318 2,400 2,479 2,521 2,590 2,590 Korea, Republic of 2,196 2,381 2,661 2,600 2,585 2,585 Indonesia 1,839 2,085 2,236 2,390 2,443 2,443 Iran 1,091 1,488 1,622 1,794 1,895 1,895 India 1,426 1,660 2,017 1,591 2,502 1,625 Philippines 1,407 1,500 1,503 1,505 1,708 1,608 Taiwan 1,705 1,800 1,750 1,580 1,689 1,600 Other 17,481 19,189 20,885 21,985 23,214 22,844 Total 137, , , , , ,044 Ending Stocks Brazil 1,577 1,469 1,913 2,613 2,418 2,383 Argentina 1,423 1,672 1,517 1,647 1,544 1,630 EU United States Korea, Republic of Other 2,293 1,345 1, Total 6,496 5,918 5,990 6,547 6,252 6,257 Most countries are on an October/tember Marketing Year (MY). The Mexico and Thailand are on a tember/august MY. Canada i on an August/July MY. Paraguay is on a March/February MY. Vietnam and the Philippines are on a January/December MY and Bolivia is on a March/February MY.

11 Table 09: Soybean Oil: World Supply and Distribution Thousand Metric Tons 2004/ /06 Aug United States 8,782 9,248 9,294 9,498 9,385 9,231 China, Peoples Republic 5,421 6,149 6,340 6,917 7,330 7,355 Argentina 5,128 5,998 6,424 6,773 7,215 7,174 Brazil 5,630 5,430 5,970 6,180 6,225 6,240 EU-27 2,575 2,460 2,640 2,672 2,393 2,485 India 900 1,070 1,180 1,426 1,405 1,410 Mexico Other 3,535 3,600 3,790 3,744 4,062 3,872 Total 32,606 34,612 36,323 37,860 38,660 38,412 China, Peoples Republic 1,728 1,516 2,404 2,750 3,000 2,600 India 2,026 1,727 1, EU Iran Morocco Venezuela Bangladesh Egypt Algeria South Africa, Republic of Other 2,731 2,770 2,623 2,852 2,993 2,993 Total 8,907 9,019 9,698 9,964 10,675 10,045 Exports Argentina 4,757 5,597 5,970 5,867 6,040 6,000 Brazil 2,414 2,466 2,462 2,400 2,300 2,300 United States ,361 1,202 1,066 Paraguay EU Bolivia Malaysia Other Total 9,119 9,821 10,571 11,005 10,970 10,633 China, Peoples Republic 7,203 7,607 8,600 9,610 10,210 9,835 United States 7,911 8,147 8,426 8,368 8,346 8,324 Brazil 3,130 3,133 3,510 3,820 4,007 4,012 EU-27 2,210 2,915 3,360 3,217 3,100 2,962 India 2,627 2,938 2,598 2,236 2,300 2,300 Argentina ,142 1,152 Mexico Iran Japan Egypt Morocco Korea, Republic of Bangladesh Venezuela Taiwan Other 3,945 4,124 4,087 4,231 4,403 4,375 Total 31,710 33,598 35,636 37,239 38,442 37,895 Ending Stocks United States 771 1,365 1,399 1,195 1,165 1,059 Argentina Brazil China, Peoples Republic EU Other Total 3,087 3,299 3,113 2,693 2,635 2,622 Most countries are on an October/tember Marketing Year (MY). Mexico is on a tember/august MY. Peru is on an January/December MY and Paraguay and Bolivia are on a March/February MY.

12 Table 10: Soybeans and Products: World Trade Thousand Metric Tons Meal, Soybean Oil, Soybean Oilseed, Soybean Marketing Year Exports North America 8,130 8,721 7, ,386 1,091 32,070 33,259 28,936 Canada (Aug-Jul) ,683 1,825 1,720 United States (-Aug) 7,987 8,573 7, ,361 1,066 30,386 31,434 27,216 South America 40,493 41,087 43,560 8,898 8,715 8, ,957 47,936 Argentina (Oct-) 25,625 26,900 28,785 5,970 5,867 6,000 9,559 13,500 13,900 Brazil (Oct-) 12,715 12,400 12,800 2,462 2,400 2,300 23,485 25,500 27,500 Paraguay (Mar-Feb) 1,128 1,112 1, ,500 5,080 5,400 South Asia 3,462 4,851 4, India (Oct-) 3,461 4,850 4, Other 1,915 1,547 1, , World Total 54,000 56,206 57,629 10,571 11,005 10,633 71,454 78,968 77,597 European Union 0 23,900 23, ,400 14,350 East Asia 3,715 3,837 3, ,230 3,120 7,761 44,110 43,670 China, Peoples Republic of (Oct-) ,404 2,750 2,600 28,726 36,500 36,000 Japan (Oct-) 1,737 1,770 1, ,094 4,050 4,050 Korea, Republic of (Oct-) 1,870 1,835 1, ,231 1,250 1,260 Taiwan (Oct-) ,436 2,250 2,300 Southeast Asia 8,978 9,140 9, ,787 3,908 Indonesia (Oct-) 2,237 2,400 2, ,309 1,400 1,450 Malaysia (Oct-) , Philippines (Jan-Dec) 1,357 1,390 1, Thailand (-Aug) 2,275 1,950 2, ,532 1,600 1,650 Vietnam (Jan-Dec) 2,190 2,400 2, North America 3,338 3,227 3, ,419 4,322 4,262 Canada (Aug-Jul) 1,416 1,550 1, Mexico (-Aug) 1,780 1,550 1, ,940 3,750 3,640 South America 3,881 4,076 4, ,021 1, ,795 4,240 Brazil (Oct-) Colombia (Oct-) Central America Caribbean Middle East 155 2,942 3, ,524 3,724 3,780 Iran (Oct-) ,000 1,025 Israel (Oct-) Syria (Jan-Dec) Turkey (Nov-Oct) ,172 1,200 1,200 North Africa 1,729 1,815 1, ,265 1,260 1,769 1,600 1,700 Egypt (Oct-) ,325 1,100 1,150 Other 29,171 4,389 4,518 6,916 1,746 1,992 51,648 1,081 1,053 World Total 52,633 55,081 55,737 9,698 9,964 10,045 69,201 78,299 77,473

13 Table 11: Palm Oil: World Supply and Distribution Thousand Metric Tons 2004/ /06 Aug Indonesia 13,560 15,560 16,600 18,300 19,700 19,700 Malaysia 15,194 15,485 15,290 17,700 17,400 17,700 Thailand ,170 1,050 1,400 1,400 Colombia Nigeria Other 2,509 2,652 2,697 2,722 2,752 2,752 Total 33,520 35,971 37,337 41,422 42,902 43,202 China, Peoples Republic 4,363 4,975 5,139 5,400 6,200 6,200 India 3,525 2,899 3,800 4,350 4,700 4,700 EU-27 4,028 4,272 3,645 3,750 3,950 3,950 Pakistan 1,565 1,703 2,218 2,420 2,500 2,500 Bangladesh ,000 1,070 1,070 United States Egypt Vietnam Russian Federation Iran Other 7,593 8,716 8,045 8,723 9,036 9,036 Total 23,935 26,155 26,629 28,958 31,181 31,181 Exports Indonesia 9,631 11,696 11,450 13,505 14,800 14,800 Malaysia 12,684 12,931 12,900 14,100 14,060 14,360 Thailand Papua New Guinea Jordan Other 1,497 1,426 1,578 1,533 1,530 1,530 Total 24,553 26,853 26,851 30,118 31,595 31,895 China, Peoples Republic 4,363 4,975 5,139 5,400 6,200 6,200 Indonesia 4,015 4,361 4,641 4,801 4,950 4,950 India 3,406 3,125 3,769 4,430 4,725 4,725 EU-27 3,916 4,151 3,570 3,610 3,780 3,780 Malaysia 2,659 2,926 3,205 3,371 3,601 3,601 Pakistan 1,560 1,708 2,218 2,420 2,500 2,500 Bangladesh ,015 1,085 1,085 Nigeria 985 1,005 1,010 1,020 1,020 1,020 United States Egypt Thailand Russian Federation Vietnam Iran Japan Colombia Turkey Burma, Union of Mexico South Africa, Republic of Other 5,770 6,608 6,536 6,946 7,276 7,276 Total 32,469 35,336 37,020 39,724 42,452 42,452 Ending Stocks Malaysia 1,507 1,881 1,366 1,975 2,014 2,014 Indonesia 1, ,127 1,141 1,111 1,111 Thailand EU India Other Total 3,545 3,482 3,577 4,115 4,151 4,151

14 2004/ /06 Aug Most countries are based on a October/tember Marketing Year (MY). EU-25, Philippines, and Thailand are on an January/December MY and Turkey is on a November/October MY.

15 Table 12: Rapeseed and Products: World Supply and Distribution Thousand Metric Tons Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed Marketing Year China, Peoples Republic of (Oct-) 7,205 6,760 7,040 4,067 3,816 3,980 10,966 10,375 11,000 India (Oct-) 3,410 3,150 3,187 2,135 1,968 1,990 5,800 5,450 5,800 Canada (Aug-Jul) 2,055 2,300 2,410 1,500 1,675 1,750 9,000 9,528 10,375 Japan (Oct-) 1,255 1,271 1, EU-27 (Jul-Jun) 9,050 10,500 11,250 6,520 7,575 8,115 16,092 18,406 19,059 Other 3,114 3,444 3,813 2,075 2,322 2,563 3,303 4,472 7,130 World Total 26,089 27,425 29,005 17,187 18,258 19,323 45,162 48,232 53,365 China, Peoples Republic of (Oct-) India (Oct-) Canada (Aug-Jul) Japan (Oct-) ,165 2,250 2,300 EU-27 (Jul-Jun) ,850 Other 2,515 2,999 2, ,350 1,445 3,181 3,907 4,017 World Total 3,015 3,363 3,276 2,199 1,993 2,047 6,967 7,918 9,167 Exports China, Peoples Republic of (Oct-) India (Oct-) 910 1, Canada (Aug-Jul) 1,482 1,845 1,905 1,265 1,330 1,400 5,430 5,850 5,300 Japan (Oct-) EU-27 (Jul-Jun) Other ,104 2,186 4,113 World Total 2,903 3,661 3,621 1,943 1,943 2,090 6,615 8,432 9,728 China, Peoples Republic of (Oct-) 7,479 6,860 7,060 4,343 4,083 4,300 11,926 11,224 11,699 India (Oct-) 2,800 2,160 2,387 2,133 1,967 1,989 6,449 5,866 5,946 Canada (Aug-Jul) ,960 4,157 4,716 Japan (Oct-) 1,330 1,339 1, ,215 2,243 2,305 EU-27 (Jul-Jun) 9,100 10,410 11,135 7,198 7,774 8,137 16,608 19,118 20,424 Other 5,241 5,898 6,165 2,602 3,230 3,468 5,435 6,190 6,803 World Total 26,423 27,174 28,623 17,567 18,375 19,241 46,593 48,798 51,893 Ending Stocks China, Peoples Republic of (Oct-) India (Oct-) Canada (Aug-Jul) ,820 1,541 2,100 Japan (Oct-) EU-27 (Jul-Jun) ,441 1,024 1,199 Other World Total ,418 3,338 4,245 9/12/2008 8:46:41 AM

16 Table 13: Sunflowerseed and Products World Supply and Distribution Thousand Metric Tons Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed Marketing Year Argentina (Mar-Feb) 3,500 4,630 5,000 1,285 1,900 2,065 1,202 1,855 2,015 Russian Federation (-Aug) 6,750 5,650 6,700 2,220 1,917 2,245 2,465 2,130 2,500 Turkey (-Aug) Ukraine (-Aug) 5,300 4,200 5,400 2,025 1,700 2,064 2,050 1,725 2,112 EU-27 (Oct-) 6,502 4,771 6,220 3,000 2,370 2,925 2,200 1,740 2,150 Other 6,910 7,247 8,048 2,512 2,283 2,665 2,151 1,972 2,282 World Total 29,812 27,198 32,218 11,513 10,594 12,483 10,583 9,887 11,629 Argentina (Mar-Feb) Russian Federation (-Aug) Turkey (-Aug) Ukraine (-Aug) EU-27 (Oct-) ,770 1,650 1,650 1,184 1,100 1,370 Other ,188 1,106 1,135 1,866 1,407 1,526 World Total 1, ,378 3,316 3,096 3,175 3,288 2,967 3,426 Exports Argentina (Mar-Feb) ,325 1, ,475 1,615 Russian Federation (-Aug) Turkey (-Aug) Ukraine (-Aug) ,483 1,145 1,474 1,875 1,213 1,586 EU-27 (Oct-) Other World Total 1,882 1,305 2,040 3,442 3,336 4,023 3,860 3,545 4,284 Argentina (Mar-Feb) 3,083 4,553 4, Russian Federation (-Aug) 6,530 5,648 6,566 1,370 1,337 1,475 1,884 1,825 1,950 Turkey (-Aug) 1,218 1,097 1, Ukraine (-Aug) 4,903 4,130 5, EU-27 (Oct-) 6,355 4,883 6,047 4,644 4,004 4,411 3,278 2,874 3,380 Other 7,278 6,839 7,575 3,509 3,223 3,629 3,726 3,115 3,545 World Total 29,367 27,150 31,525 11,418 10,450 11,604 10,305 9,469 10,690 Ending Stocks Argentina (Mar-Feb) 1,655 1,652 1, Russian Federation (-Aug) Turkey (-Aug) Ukraine (-Aug) EU-27 (Oct-) Other World Total 3,043 2,722 2,

17 Table 14: Minor Vegetable Oil Supply and Distribution Thousand Metric Tons Oil, Peanut Oil, Cottonseed Oil, Olive Marketing Year China, Peoples Republic of (Oct-) 2,007 2,020 2,165 1,525 1,595 1,520 India (Oct-) 1,315 1,625 1, ,088 1,149 Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-) ,210 2,170 2,250 Other 1,041 1,043 1,070 1,739 1,667 1, World Total 4,455 4,781 4,929 4,877 4,997 4,884 2,907 2,838 2,968 China, Peoples Republic of (Oct-) India (Oct-) Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-) Other World Total Exports China, Peoples Republic of (Oct-) India (Oct-) Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-) Other World Total China, Peoples Republic of (Oct-) 2,007 2,018 2,161 1,514 1,590 1,510 India (Oct-) 1,370 1,570 1, ,110 1,142 Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-) ,030 2,060 2,070 Other ,750 1,711 1, World Total 4,544 4,746 4,902 4,809 4,969 4,892 2,832 2,888 2,921 Ending Stocks China, Peoples Republic of (Oct-) India (Oct-) Turkey (Nov-Oct) United States (Aug-Jul) EU-27 (Oct-) Other World Total ,182 1,063 1,059

18 Oil, Peanut Oil, Cottonseed Oil, Olive Marketing Year Turkey's Cottonseed Oil Marketing Year (MY) is October/tember. China and India are not included in the Olive Oil database. The EU-25's Oilve Oil MY is November/October and the U.S. MY for Oilve Oil is October/tember.

19 Table 15: World Oilseeds and Products Supply and Distribution Million Metric Tons Area Beginning Harvested Stocks Total Supply Exports Food Use Dom. Domestic Consumpti Ending Stocks Major Oilseeds 1995/ / / / / / / / / / / Major Protien Meals 1995/ / / / / / / / / / / Major Vegetable Oils 1995/ / / / / / / / / / / Based on the aggregate of different marketing years

20 Table 16: World: Soybeans and Products Supply and Distribution Million Metric Tons Area Beginning Harvested Stocks Total Supply Exports Crush Domestic Consumpti Ending Stocks Oilseed, Soybean 1995/ / / / / / / / / / / Meal, Soybean 1995/ / / / / / / / / / / Oil, Soybean 1995/ / / / / / / / / / / Based on the aggregate of different marketing years, primarily Ocober through tember.

21 Table 17: World: Rapeseed and Products Supply and Distribution Million Metric Tons Area Beginning Harvested Stocks Total Supply Exports Food Use Dom. Domestic Consumpti Ending Stocks Oilseed, Rapeseed 1995/ / / / / / / / / / / Meal, Rapeseed 1995/ / / / / / / / / / / Oil, Rapeseed 1995/ / / / / / / / / / / Based on the aggregate of different marketing years.

22 Table 18: World: Sunflower and Products Supply and Distribution Area Beginning Harvested Stocks Million Metric Tons Exports Domestic Consumpti Ending Stocks Oilseed, Sunflowerseed 1995/ / / / / / / / / / / Meal, Sunflowerseed 1995/ / / / / / / / / / / Oil, Sunflowerseed 1995/ / / / / / / / / / / Based on the aggregate of different marketing years, primarily tember through August.

23 Table 19: World: Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution Million Metric Tons Beginning Stocks Total Supply Exports Industrial Dom. Food Use Dom. Domestic Consumpti Ending Stocks Oil, Palm 1995/ / / / / / / / / / / Oil, Coconut 1995/ / / / / / / / / / / Meal, Fish 1995/ / / / / / / / / / / Based on the aggregate of different marketing years.

24 Table 20: United States Oilseeds and Products Supply and Distribution Local Marketing Year Thousand Metric Tons Area Beginning Harvested Stocks Total Supply Exports Crush Domestic Consumpti Ending Stocks Major Oilseeds 1995/96 33,536 10,273 69, ,765 23,872 42,572 49,842 6, /97 32,555 6,051 74, ,400 24,746 44,135 52,000 4, /98 35,351 4,654 83, ,419 24,519 48,889 57,455 6, /99 35,275 6,445 84, ,494 22,721 47,814 57,993 10, /00 37,149 10,780 82, ,854 27,395 47,891 57,474 8, /01 36,805 8,985 84, ,693 27,976 49,066 58,897 7, /02 37,323 7,820 89, ,305 29,966 50,622 61,466 6, /03 36,284 6,873 83, ,358 29,433 47,495 56,090 5, /04 36,041 5,835 76, ,938 25,159 45,529 53,627 4, /05 36,808 4,152 95, ,771 30,708 50,167 61,774 8, /06 36,587 8,289 95, ,485 26,611 51,897 63,673 14,201 36,961 14,201 96,611 1, ,845 31,647 53,483 63,176 17,022 31,435 17,022 80,002 1,276 98,300 32,946 53,801 60,236 5,118 34,685 5,118 88,171 1,116 94,405 28,424 52,943 61,272 4,709 Major Protien Meals 1995/ ,294 1,048 33,604 5,765 42,572 27, / ,772 1,025 35,049 6,705 44,135 28, / ,422 1,355 39,006 8,958 48,889 29, / ,799 1,206 38,304 7,234 47,814 30, / ,700 1,224 38,257 7,138 47,891 30, / ,219 1,166 39,682 7,605 49,066 31, / ,892 1,059 40,347 7,521 50,622 32, / ,608 1,194 38,088 5,924 47,495 31, / ,214 1,835 37,295 4,944 45,529 32, / ,265 1,529 41,068 6,954 50,167 33, / ,950 1,653 41,818 7,608 51,897 33, ,563 1,699 43,623 8,263 53,483 34, ,500 1,972 43,860 8,884 54,240 34, ,948 2,020 43,303 8,104 53,726 34, Major Vegetable Oils 1995/ ,169 1,279 10, ,572 8,059 1, /97 0 1,151 8,333 1,553 11,037 1,515 44,135 8, / ,505 1,644 12,092 2,044 48,889 9, / ,430 1,436 11,850 1,634 47,814 9, / ,371 1,527 11,897 1,126 47,891 9,554 1, /01 0 1,217 9,509 1,683 12,409 1,047 49,066 9,722 1, /02 0 1,640 9,645 1,627 12,912 1,549 50,622 10,058 1, /03 0 1,305 9,184 1,536 12,025 1,237 47,495 9, / ,768 1,914 11, ,529 10, / ,757 1,833 12, ,167 10,448 1, /06 0 1,093 10,390 2,385 13, ,897 11,154 1, ,818 10,438 2,525 14,781 1,305 53,483 11,735 1, ,741 10,637 2,973 15,351 1,678 54,240 12,110 1, ,563 10,388 3,276 15,227 1,345 53,726 12,477 1,405 Based on the aggregate of different marketing years