Coconut Oil Prices Spike

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1 United States Department of Agriculture Foreign Agricultural Service Coconut Oil Prices Spike Coconut oil prices have surged over the past year in contrast to the general downward trend in other vegetable oil prices. That has resulted in a premium approaching 60 percent over palm and soybean oils. Typhoon Haiyan/Yolanda hit the Philippines in November, which exacerbated already tightening supplies in this country, the world s largest coconut oil exporter. Consequently, the market roiled with concerns over excessive damage to coconut palms and the potential to constrain supplies. However, the current price reaction has been more muted than the last spike in 2010/11, because this time the weather damage was only in the Philippines, and its export market share is much smaller. Furthermore, the supply of other vegetable oils is larger now, allowing consumers to substitute for more available and cheaper alternative oils. For an subscription, click here to register: Approved by the World Agricultural Outlook Board/USDA

2 OVERVIEW Global soybean production is down following reduced crops in Brazil and Paraguay. Soybean trade is lower as a decrease for Paraguay s exports only partly offset an increase for the United States. With larger exports, U.S. supplies are tighter, contributing to an increase in the season average U.S. farm price. SOYBEAN PRICES U.S. export bids, FOB Gulf, in January averaged $541 per ton, slightly higher than last month, supported by continued strong foreign demand, largely from China. As of the week ending Feb 27, U.S. soybean commitments (outstanding sales plus accumulated exports) to China totaled 27.8 million tons compared to 21.3 million a year ago. Total commitments to the world are 44.2 million tons, compared to 35.0 million for the same period last year. TRADE OUTLOOK U.S. soybean exports are boosted 544,000 tons to 41.6 million on continued strong sales and shipments to-date. Australia s rapeseed exports are boosted 100,000 tons to 2.6 million on a larger crop. China s rapeseed imports are up 100,000 tons to 3.4 million reflecting strong demand. European Union s palm oil imports are raised 300,000 tons to 6.1 million in response to strong demand in the industrial sector. Indonesia s copra meal exports are cut 100,000 tons to 300,000 on slower shipment pace and higher domestic use. Paraguay o Soybean exports are slashed 1.5 million tons to 4.3 million driven by a reduced crop and increased crush. o Soybean meal exports are raised 450,000 tons to 2.7 million on stronger global demand. o Soybean oil exports are up 120,000 tons to 620,000 on larger supplies. The Philippines coconut oil exports are reduced 100,000 tons to 850,000 on reduced crush.

3 Taiwan s soybean imports are down 100,000 tons to 2.4 million reflecting reduced supplies from Paraguay. Ukraine s sunflowerseed exports are lower 100,000 tons to 200,000 on a slower than anticipated export pace. Questions may be directed to: Bill George (202) Bill.George@fas.usda.gov Yoonhee Macke (202) Yoonhee.Macke@fas.usda.gov Rachel Trego (202) Rachel.Trego@fas.usda.gov To download the tables in the publication, go to, Supply and Distribution Database (PSD Online): ( scroll down to Reports, and Click the plus sign [+] next to Oilseeds. The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m. FAS Reports and Databases: Current World ket and Trade and World Agricultural Reports: Archives World ket and Trade and World Agricultural Reports: Supply and Distribution Database (PSD Online): Global Agricultural Trade System (U.S. Exports and ): Export Sales Report: Global Agricultural Information Network (Agricultural Attaché Reports): Other USDA Reports: World Agricultural Supply and Demand Estimates (WASDE): Economic Research Service: National Agricultural Statistics Service:

4 Table 01: Major Oilseeds: World Supply and Distribution (Commodity View) Million Metric Tons 2009/ / /12 Feb 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 Oilseed, Copra Oilseed, Cottonseed Oilseed, Palm Kernel Oilseed, Peanut Oilseed, Rapeseed Oilseed, Soybean Oilseed, Sunflowerseed Total Totals may not add due to rounding

5 Table 02: Major Protein Meals: World Supply and Distribution (Commodity View) Million Metric Tons 2009/ / /12 Feb 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 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

6 Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View) Million Metric Tons 2009/ / /12 Feb 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 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

7 Table 04: Major Oilseeds: World Supply and Distribution (Country View) Million Metric Tons 2009/ / /12 Feb United States Brazil China Argentina India Other Total China European Union Japan Mexico Taiwan Indonesia Turkey Thailand United States Egypt Other Total Exports Brazil United States Canada Argentina Paraguay Ukraine Australia Other Crush Total China United States European Union Brazil Argentina India Russia Ukraine Indonesia Canada Mexico Pakistan Malaysia Japan Paraguay Other Total Ending Argentina Brazil China United States Canada Other Total Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.

8 Table 05: Major Protein Meals: World Supply and Distribution (Country View) Million Metric Tons 2009/ / /12 Feb China United States Brazil Argentina European Union Other Total European Union Indonesia Thailand Korea, South United States Vietnam Japan Other Total Exports Argentina Brazil United States India Ukraine Indonesia Canada Other Total China European Union United States Brazil India Mexico Japan Thailand Indonesia Russia Other SME Total China European Union United States Brazil India Japan Thailand Other Total Ending Argentina Brazil European Union Indonesia United States Other Total Major Protein Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.

9 Table 06: Major Vegetable Oils: World Supply and Distribution (Country View) Million Metric Tons 2009/ / /12 Feb Indonesia China Malaysia European Union United States Argentina Brazil Other Total India China European Union United States Malaysia Pakistan Egypt Iran Bangladesh Turkey Other Total Exports Indonesia Malaysia Argentina Ukraine Canada European Union Russia Other Total China European Union India United States Indonesia Brazil Malaysia Pakistan Russia Argentina Egypt Mexico Japan Turkey Nigeria Other Total Ending China Indonesia Malaysia European Union United States Other Total Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.

10 Table 07: Soybeans: World Supply and Distribution Thousand Metric Tons 2009/ / /12 Feb United States 91,417 90,605 84,192 82,561 89,507 89,507 Brazil 69,000 75,300 66,500 82,000 90,000 88,500 Argentina 54,500 49,000 40,100 49,300 54,000 54,000 China 14,980 15,080 14,485 13,050 12,200 12,200 India 9,700 9,800 11,000 11,500 11,800 11,800 Paraguay 6,462 7,128 4,043 8,300 9,300 8,100 Canada 3,581 4,445 4,298 5,086 5,200 5,200 Other 10,960 12,787 14,956 15,677 15,686 16,125 Total 260, , , , , ,432 China 50,338 52,339 59,231 59,865 69,000 69,000 European Union 12,683 12,472 12,070 12,506 12,300 12,300 Mexico 3,523 3,498 3,606 3,350 3,650 3,650 Japan 3,401 2,917 2,759 2,865 2,860 2,860 Taiwan 2,469 2,454 2,285 2,286 2,500 2,400 Thailand 1,660 2,139 1,910 1,867 2,030 2,030 Indonesia 1,620 1,898 1,922 1,800 2,000 2,000 Egypt 1,638 1,644 1,638 1,650 1,700 1,700 Vietnam 231 1,026 1,311 1,294 1,380 1,380 Turkey 1,648 1,351 1,057 1,249 1,200 1,200 Other 7,630 7,083 5,637 6,494 6,712 6,817 Total 86,841 88,821 93,426 95, , ,337 Exports Brazil 28,578 29,951 36,315 41,904 45,000 45,000 United States 40,798 40,957 37,150 35,913 41,096 41,640 Argentina 13,088 9,205 7,368 7,738 8,000 8,000 Paraguay 4,070 5,226 3,574 5,300 5,800 4,300 Canada 2,247 2,943 2,932 3,487 3,530 3,530 Other 2,656 3,418 4,931 5,307 5,900 5,750 Crush Total 91,437 91,700 92,270 99, , ,220 China 48,830 55,000 60,970 64,950 68,350 68,350 United States 47,673 44,851 46,348 45,967 46,266 45,994 Brazil 33,700 36,330 38,083 34,480 37,275 37,275 Argentina 34,127 37,614 35,886 33,609 36,600 36,600 European Union 12,595 12,355 12,245 12,743 12,230 12,350 India 7,400 9,400 9,600 9,700 9,500 9,500 Mexico 3,600 3,625 3,675 3,650 3,850 3,850 Paraguay 1,558 1, ,900 3,300 3,700 Russia 1,950 2,170 2,400 2,440 2,470 2,470 Japan 2,535 2,149 1,960 1,915 2,020 2,020 Taiwan 2,010 2,060 2,020 1,960 2,080 2,020 Bolivia 1,520 1,800 2,000 2,250 2,050 2,000 Thailand 1,520 1,820 1,751 1,695 1,720 1,720 Egypt 1,635 1,644 1,620 1,640 1,680 1,680 Canada 1,291 1,425 1,411 1,463 1,500 1,500 Other 7,250 7,550 7,098 7,736 7,854 8,010 Total 209, , , , , ,039 Ending Argentina 21,039 21,403 16,389 22,404 29,806 29,806 Brazil 17,480 23,636 12,916 15,927 20,700 19,200 China 13,209 14,538 15,909 12,378 13,698 13,698 United States 4,106 5,852 4,610 3,826 4,091 3,954 India 1, Other 3,553 4,425 3,371 2,868 3,848 3,116 Total 60,960 70,359 53,511 57,794 73,009 70,640 Most countries are on an October/September keting Year (MY). The United States, Mexico, and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay is on a ch/february MY.

11 Table 08: Soybean Meal: World Supply and Distribution Thousand Metric Tons 2009/ / /12 Feb China 38,644 43,560 48,288 51,440 54,154 54,154 United States 37,836 35,608 37,217 36,174 36,614 36,387 Brazil 26,120 28,160 29,510 26,720 28,890 28,890 Argentina 26,624 29,312 27,945 26,089 28,525 28,525 European Union 9,950 9,760 9,674 10,194 9,826 9,855 India 5,910 7,520 7,680 7,760 7,600 7,600 Mexico 2,850 2,870 2,910 2,890 3,048 3,048 Other 17,073 17,889 17,121 19,311 19,845 20,197 Total 165, , , , , ,656 European Union 20,879 21,877 20,872 16,943 19,100 19,100 Indonesia 2,507 3,069 3,278 3,367 3,600 3,600 Thailand 2,513 2,318 2,936 2,874 3,200 3,200 Vietnam 2,879 2,719 2,200 2,927 2,750 2,950 Iran 1,524 1,742 2,192 2,099 2,400 2,400 Japan 2,106 2,208 2,282 1,765 2,230 2,230 Philippines 1,719 1,972 1,833 1,925 2,050 2,050 Korea, South 1,737 1,658 1,571 1,654 1,700 1,700 Mexico 1,209 1,500 1,548 1,295 1,480 1,480 Algeria 850 1, ,333 1,300 1,300 Other 15,441 16,564 17,186 17,248 18,235 18,210 Total 53,364 56,701 56,790 53,430 58,045 58,220 Exports Argentina 24,914 27,615 26,043 23,667 27,325 27,325 Brazil 12,985 13,987 14,678 13,242 14,000 14,000 United States 10,125 8,238 8,838 10,083 9,888 9,888 India 3,117 4,800 4,391 4,062 3,550 3,550 Paraguay 1,124 1, ,150 2,325 2,650 Other 3,341 2,866 3,793 4,274 4,033 4,012 Total 55,606 58,549 58,266 57,478 61,121 61,425 China 37,546 43,382 47,435 50,091 53,104 53,104 European Union 30,359 30,952 29,870 26,894 27,932 27,961 United States 27,795 27,489 28,621 26,336 26,853 26,671 Brazil 13,000 13,950 14,100 14,200 14,498 14,498 Thailand 3,613 3,775 4,153 4,350 4,550 4,550 Mexico 4,160 4,340 4,370 4,225 4,450 4,450 India 2,570 2,900 3,330 3,702 4,070 4,070 Vietnam 2,800 3,100 3,250 3,734 3,750 3,950 Japan 3,900 3,844 3,840 3,352 3,700 3,700 Indonesia 2,527 2,784 3,218 3,430 3,650 3,650 Iran 2,417 2,525 2,500 2,500 2,675 2,550 Russia 1,874 2,181 2,365 2,532 2,407 2,407 Korea, South 2,420 2,336 2,265 2,248 2,344 2,315 Egypt 1,725 1,900 2,100 2,140 2,225 2,275 Philippines 1,826 1,875 1,907 1,929 2,020 2,020 Other 22,408 23,482 24,034 25,081 26,436 26,314 Total 160, , , , , ,485 Ending Argentina 1,602 2,434 3,376 4,732 4,740 4,740 Brazil 2,155 2,436 3,198 2,508 2,925 2,925 European Union Turkey Indonesia Other 2,264 2,683 2,443 1,920 2,465 2,311 Total 6,643 8,659 10,170 9,956 11,185 10,922 Most countries are on an October/September keting Year (MY). The Mexico and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay is on a ch/february MY. Vietnam and the Philippines are on a January/December MY and Bolivia is on a ch/february MY.

12 Table 09: Soybean Oil: World Supply and Distribution Thousand Metric Tons 2009/ / /12 Feb China 8,726 9,840 10,914 11,626 12,246 12,246 United States 8,897 8,568 8,954 8,990 8,999 8,945 Brazil 6,470 6,970 7,310 6,620 7,150 7,150 Argentina 6,476 7,181 6,839 6,364 6,975 6,975 European Union 2,290 2,246 2,226 2,317 2,220 2,242 India 1,320 1,675 1,710 1,730 1,700 1,700 Paraguay Other 4,328 4,521 4,452 4,610 4,701 4,706 Total 38,803 41,299 42,585 42,807 44,606 44,659 China 1,514 1,319 1,502 1,409 1,470 1,470 India 1, ,174 1,086 1,230 1,230 Iran Algeria Venezuela Morocco Peru Bangladesh Korea, South Egypt Other 2,911 3,525 2,543 2,692 2,799 2,718 Total 8,643 9,400 7,957 8,427 8,799 8,808 Exports Argentina 4,453 4,561 3,794 4,244 4,500 4,500 Brazil 1,449 1,668 1,885 1,251 1,450 1,450 European Union , United States 1,524 1, Paraguay Bolivia Russia Other Total 9,101 9,558 8,467 9,254 9,185 9,277 China 10,435 11,109 11,944 12,545 13,654 13,654 United States 7,173 7,619 8,306 8,476 8,414 8,415 Brazil 4,980 5,205 5,400 5,544 5,740 5,740 India 2,760 2,640 2,750 2,950 3,000 3,000 Argentina 1,915 2,520 3,020 2,275 2,490 2,490 European Union 2,415 2,745 1,989 1,650 1,770 1,770 Mexico Iran Egypt Algeria Korea, South Venezuela Bangladesh Japan Morocco Other 3,975 4,174 4,146 4,288 4,381 4,414 Total 38,198 40,703 41,987 42,445 44,205 44,325 Ending China ,021 1,023 1,023 United States 1,545 1,100 1, Argentina Brazil India Other 883 1,591 1, , Total 3,371 3,809 3,897 3,432 3,534 3,297 Most countries are on an October/September keting Year (MY). Mexico is on a September/August MY. Peru is on an January/December MY and Paraguay and Bolivia are on a ch/february MY.

13 Table 10: Soybeans and Products: World Trade Thousand Metric Tons Meal, Soybean Oil, Soybean Oilseed, Soybean keting Year 2011/ / /12 Exports North America 8,849 10,095 10, ,082 35,913 45,170 Canada (Aug-Jul) ,932 3,487 3,530 United States (Sep-Aug) 8,838 10,083 9, ,150 35,913 41,640 South America ,235 1,885 6,270 6, ,907 60,647 Argentina (Oct-Sep) 26,043 23,667 27,325 3,794 4,244 4,500 7,368 7,738 8,000 Brazil (Oct-Sep) 14,678 13,242 14,000 1,885 1,251 1,450 36,315 41,904 45,000 Paraguay (-Feb) 523 2,150 2, ,574 5,300 4,300 South Asia 4,391 4,062 3, India (Oct-Sep) 4,391 4,062 3, Other 45,026 43,321 2,502 5,836 2,002 1,644 52,188 60,754 2,328 World Total 58,266 57,478 61,425 8,467 9,254 9,277 92,270 99, ,220 European Union , ,300 East Asia 3, , ,862 1,954 6, ,455 China (Oct-Sep) ,502 1,409 1,470 59,231 59,865 69,000 Japan (Oct-Sep) 2,282 1,765 2, ,759 2,865 2,860 Korea, South (Oct-Sep) 1,571 1,654 1, ,139 1,115 1,170 Taiwan (Oct-Sep) ,285 2,286 2,400 Southeast Asia 4,791 4,822 13, ,518 4,362 6,130 Indonesia (Oct-Sep) 3,278 3,367 3, ,922 1,800 2,000 Malaysia (Oct-Sep) 1,078 1,276 1, Philippines (Jan-Dec) 1,833 1,925 2, Thailand (Sep-Aug) 2,936 2,874 3, ,910 1,867 2,030 Vietnam (Jan-Dec) 2,200 2,927 2, ,311 1,294 1,380 North America 1,744 1,517 2, ,275 4,334 4,852 Canada (Aug-Jul) 1, , Mexico (Sep-Aug) 1,548 1,295 1, ,606 3,350 3,650 South America , ,250 1, Brazil (Oct-Sep) Colombia (Oct-Sep) 1,021 1,057 1, Central America Caribbean Middle East 35 1,280 5, ,774 1,770 Iran (Oct-Sep) 2,192 2,099 2, Israel (Oct-Sep) Syria (Jan-Dec) Turkey (Oct-Sep) 942 1,030 1, ,057 1,249 1,200 North Africa 1,671 1,668 3, ,385 1,390 1,714 1,775 1,825 Egypt (Oct-Sep) ,638 1,650 1,700 Other 43,888 43,550 4,399 6,034 3,428 2,111 76,717 81,982 1,813 World Total 56,790 53,430 58,220 7,957 8,427 8,808 93,426 95, ,337

14 Table 11: Palm Oil: World Supply and Distribution Thousand Metric Tons 2009/ / /12 Feb Indonesia 22,000 23,600 26,200 28,500 31,000 31,000 Malaysia 17,763 18,211 18,202 19,321 19,200 19,200 Thailand 1,287 1,832 1,892 2,000 2,100 2,100 Colombia ,035 1,035 Nigeria Other 3,336 3,486 3,862 4,065 4,166 4,166 Total 46,041 48,732 51,951 55,770 58,431 58,431 India 6,603 6,661 7,473 8,307 9,000 9,000 China 5,760 5,711 5,841 6,589 6,600 6,600 European Union 5,442 4,944 5,698 6,737 5,800 6,100 Pakistan 1,989 2,064 2,218 2,246 2,450 2,450 Malaysia 1,283 1,593 1,850 1,645 1,675 1,675 United States ,032 1,285 1,360 1,360 Egypt 1,174 1,277 1, ,225 1,225 Bangladesh ,050 1,100 1,100 Singapore Iran Other 10,023 10,788 11,060 12,116 11,855 11,845 Total 35,202 36,304 38,824 42,326 42,655 42,945 Exports Indonesia 16,573 16,423 18,452 20,300 21,300 21,300 Malaysia 15,530 16,596 16,600 18,000 17,500 17,500 Papua New Guinea Thailand Benin Other 2,259 2,636 2,838 2,789 2,939 2,939 Total 35,469 36,869 39,023 42,649 43,289 43,289 India 6,440 7,080 7,425 8,425 9,144 9,144 Indonesia 5,494 6,414 7,129 7,815 8,501 8,501 China 5,930 5,797 5,841 6,389 6,579 6,579 European Union 5,220 4,910 5,630 6,213 5,755 6,055 Malaysia 3,103 3,220 3,290 3,200 3,160 3,160 Pakistan 1,957 2,077 2,110 2,235 2,405 2,405 Thailand 1,255 1,457 1,563 1,590 1,610 1,610 Nigeria 1,252 1,267 1,285 1,375 1,405 1,405 United States ,043 1,230 1,353 1,353 Egypt 1,080 1,180 1,185 1,170 1,190 1,190 Bangladesh ,030 1,059 1,100 1,100 Colombia Singapore Iran Russia Other 9,571 10,035 10,680 11,379 11,313 11,304 Total 45,146 47,901 51,051 54,939 56,620 56,911 Ending Indonesia ,445 1,831 3,031 3,031 Malaysia 1,868 1,856 2,018 1,784 1,999 1,999 European Union India China Other 1,809 1,923 1,840 1,680 1,619 1,620 Total 5,605 5,871 6,572 7,080 8,055 8,256

15 Table 12: Rapeseed and Products: World Supply and Distribution Thousand Metric Tons Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed keting Year 2011/ / /12 China (Oct-Sep) 10,122 10,690 10,861 5,725 6,045 6,152 13,426 14,007 14,400 India (Oct-Sep) 3,645 3,645 3,670 2,310 2,310 2,330 6,200 6,800 7,000 Canada (Aug-Jul) 3,925 3,765 4,368 3,070 2,950 3,400 14,608 13,869 18,000 Japan (Oct-Sep) 1,296 1,365 1,313 1,000 1,055 1, European Union (Jul-Jun) 12,441 13,057 13,051 8,980 9,424 9,421 19,235 19,210 20,850 Other 4,503 4,495 4,955 3,136 3,114 3,443 8,014 9,134 10,219 World Total 35,932 37,017 38,218 24,221 24,898 25,758 61,484 63,021 70,470 China (Oct-Sep) ,036 1,598 1,300 2,622 3,421 3,400 India (Oct-Sep) Canada (Aug-Jul) Japan (Oct-Sep) ,350 2,495 2,450 European Union (Jul-Jun) ,752 3,378 3,400 Other 4,162 4,556 4,663 2,149 1,868 2,084 4,361 3,355 4,173 World Total 5,090 5,162 5,218 4,009 3,875 3,844 13,182 12,777 13,508 Exports China (Oct-Sep) India (Oct-Sep) 1, Canada (Aug-Jul) 3,310 3,406 3,570 2,676 2,516 2,680 8,695 7,115 8,100 Japan (Oct-Sep) European Union (Jul-Jun) Other , ,071 5,272 5,301 World Total 5,370 5,383 5,577 3,970 3,933 4,068 12,915 12,480 13,671 China (Oct-Sep) 10,737 10,695 10,881 6,255 6,316 6,830 16,650 17,600 17,900 India (Oct-Sep) 2,650 2,735 2,795 2,433 2,425 2,400 6,825 6,900 6,975 Canada (Aug-Jul) ,495 6,994 8,086 Japan (Oct-Sep) 1,313 1,440 1,411 1,015 1,020 1,021 2,372 2,443 2,400 European Union (Jul-Jun) 12,371 13,251 13,120 9,323 9,253 9,255 22,479 23,534 23,530 Other 7,895 8,424 8,814 4,206 4,105 4,510 7,963 7,859 8,767 World Total 35,541 37,120 37,621 23,777 23,691 24,661 63,784 65,330 67,658 Ending China (Oct-Sep) ,157 2, India (Oct-Sep) Canada (Aug-Jul) ,500 Japan (Oct-Sep) European Union (Jul-Jun) ,197 1,158 1,608 Other , World Total ,674 2,823 3,696 5,169 3,157 5,806 3/10/ :42:42 AM

16 Table 13: Sunflowerseed and Products World Supply and Distribution Thousand Metric Tons Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed keting Year 2011/ / /12 Argentina (-Feb) 3,341 3,100 2,300 1,621 1,025 1,120 1, ,070 Russia (Sep-Aug) 9,627 7,959 10,204 3,199 2,808 3,288 3,552 3,117 3,653 Turkey (Sep-Aug) 925 1,125 1, Ukraine (Sep-Aug) 10,500 9,000 12,500 4,315 3,607 4,640 4,347 3,630 4,670 European Union (Oct-Sep) 8,456 6,999 8,700 3,798 3,570 3,790 2,937 2,753 2,925 Other 7,792 8,209 8,229 2,495 2,611 2,784 2,219 2,268 2,431 World Total 40,641 36,392 43,333 16,068 14,306 16,441 15,338 13,527 15,667 Argentina (-Feb) Russia (Sep-Aug) Turkey (Sep-Aug) Ukraine (Sep-Aug) European Union (Oct-Sep) ,856 3,030 3, ,230 Other ,480 1,210 1,572 3,983 3,343 4,402 World Total 1,632 1,213 1,800 6,076 4,674 5,792 5,640 4,964 6,397 Exports Argentina (-Feb) Russia (Sep-Aug) ,681 1,360 1,500 1, ,450 Turkey (Sep-Aug) Ukraine (Sep-Aug) ,837 3,052 4,060 3,263 3,245 4,060 European Union (Oct-Sep) Other World Total 1,930 1,484 2,045 6,795 5,093 6,350 6,406 5,479 7,034 Argentina (-Feb) 3,785 2,380 2, Russia (Sep-Aug) 9,345 8,046 9,600 1,545 1,474 1,740 2,100 2,120 2,180 Turkey (Sep-Aug) 1,687 1,807 2,157 1,285 1,208 1, ,130 Ukraine (Sep-Aug) 10,455 8,710 11, European Union (Oct-Sep) 7,784 7,162 7,727 7,168 7,060 7,175 3,701 3,603 3,828 Other 7,637 7,957 8,294 3,612 3,614 4,110 5,313 5,471 6,260 World Total 40,693 36,062 41,613 14,831 14,567 15,720 13,107 13,315 14,545 Ending Argentina (-Feb) 369 1, Russia (Sep-Aug) Turkey (Sep-Aug) Ukraine (Sep-Aug) , European Union (Oct-Sep) Other World Total 2,293 2,352 3,827 1, ,742 2,439 2,924

17 Table 14: Minor Vegetable Oil Supply and Distribution Thousand Metric Tons Oil, Peanut Oil, Cottonseed Oil, Olive keting Year 2011/ / /12 China (Oct-Sep) 2,532 2,686 2,725 1,476 1,566 1,477 India (Oct-Sep) 1,160 1,180 1,190 1,210 1,220 1,275 Turkey (Nov-Oct) United States (Aug-Jul) European Union (Oct-Sep) ,450 1,900 2,500 Other 1,523 1,570 1,639 2,025 1,923 1, World Total 5,319 5,550 5,666 5,249 5,267 5,111 3,236 2,669 3,276 China (Oct-Sep) India (Oct-Sep) Turkey (Nov-Oct) United States (Aug-Jul) European Union (Oct-Sep) Other World Total Exports China (Oct-Sep) India (Oct-Sep) Turkey (Nov-Oct) United States (Aug-Jul) European Union (Oct-Sep) Other World Total China (Oct-Sep) 2,585 2,745 2,775 1,475 1,565 1,475 India (Oct-Sep) 1,185 1,189 1,185 1,227 1,238 1,270 Turkey (Nov-Oct) United States (Aug-Jul) European Union (Oct-Sep) ,023 1,805 1,950 Other 1,418 1,419 1,446 2,013 1,967 1, World Total 5,368 5,530 5,612 5,164 5,235 5,057 3,068 2,847 3,011 Ending China (Oct-Sep) India (Oct-Sep) Turkey (Nov-Oct) United States (Aug-Jul) European Union (Oct-Sep) Other World Total

18 Table 15: World Oilseeds and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Total Supply Exports Food Use Dom. Domestic Consumpti Ending Major Oilseeds 2000/ / / / / / / / / / / / Major Protein Meals 2000/ / / / / / / / / / / / Major Vegetable Oils 2000/ / / / / / / / / / / / Based on the aggregate of different marketing years

19 Table 16: World: Soybeans and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Total Supply Exports Crush Domestic Consumpti Ending Oilseed, Soybean 2000/ / / / / / / / / / / / Meal, Soybean 2000/ / / / / / / / / / / / Oil, Soybean 2000/ / / / / / / / / / / / Based on the aggregate of different marketing years, primarily October through September.

20 Table 17: World: Rapeseed and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Total Supply Exports Food Use Dom. Domestic Consumpti Ending Oilseed, Rapeseed 2000/ / / / / / / / / / / / Meal, Rapeseed 2000/ / / / / / / / / / / / Oil, Rapeseed 2000/ / / / / / / / / / / / Based on the aggregate of different marketing years.

21 Table 18: World: Sunflower and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Exports Domestic Consumpti Ending Oilseed, Sunflowerseed 2000/ / / / / / / / / / / / Meal, Sunflowerseed 2000/ / / / / / / / / / / / Oil, Sunflowerseed 2000/ / / / / / / / / / / / Based on the aggregate of different marketing years, primarily September through August.

22 Table 19: World: Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution Million Metric Tons Beginning Total Supply Exports Industrial Dom. Food Use Dom. Domestic Consumpti Ending Oil, Palm 2000/ / / / / / / / / / / / Oil, Coconut 2000/ / / / / / / / / / / / Meal, Fish 2000/ / / / / / / / / / / / Based on the aggregate of different marketing years.

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