Drought Forecast to Reduce Australian Rapeseed Exports in 2007

Transcription

1 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP November 2006 Drought Forecast to Reduce Australian Rapeseed Exports in M Y Ending November Exports Product ion Australia s rapeseed exports are forecast to decline nearly 60 percent to 350,000 tons in Lower exports are in response to this season s dry weather that has cut production by two-thirds relative to last season. Production in 2007 is forecast to reach 500,000 tons. This would be the smallest crop since 1995 when considerably fewer hectares were planted. Reduced Australian exports will require traditional markets in Asia to look to Canada for additional rapeseed. Accordingly, Canada s rapeseed export forecast was increased 200,000 tons this month to 5.5 million tons. Tight rapeseed supplies in Australia have also forced the local processor to turn to Canada for additional rapeseed. Currently, imports are forecast to reach 50,000 tons in the coming year. This would be the first imports of rapeseed by Australia since 1983 when 18,000 tons were imported. Approved by the World Agricultural Outlook Board/USDA

2 Other significant changes for November 2006 EU25 soybean and product estimates for 2005/06 were adjusted based on year-to-date trade statistics. Soybean imports for 2005/06 were reduced 100,000 tons to 13.8 million tons while soybean oil imports were lowered 50,000 for both 2005/06 and to 675,000 and 925,000 tons respectively. Soybean meal imports for 2005/06 were increased 328,000 tons to 22.9 million tons. EU25 palm oil imports for 2005/06 were lowered 400,000 tons to 4.1 million tons with a similar decline for to 4.5 million tons. Reported EU25 imports through August 2006 show little change from the previous year when imports reached 4.0 million tons. EU25 sunflowerseed oil imports for 2005/06 were increased 225,000 tons to 1.3 million tons based on marketing year trade data through August A similar increase was made to the import forecast. Sunflowerseed imports for 2005/06 were lowered 100,000 tons to 850,000 tons this month with imports reduced 50,000 tons to 910,000 tons. Russia s sunflowerseed meal and oil export forecasts was increased in response to a higher 2006 sunflowerseed production forecast. Production was increased 700,000 tons to 6.9 million tons. The Ukraine s sunflowerseed oil export forecast was raised 60,000 tons to 1.15 million tons following an increase in forecast 2006 sunflowerseed production. The production forecast was increased 500,000 tons to 4.9 million tons this month. China s Peanut export forecast for was increased 120,000 tons to 920,000 tons. Improved 2006 crop quality relative to last year is expected to lead to a rebound in exports for the coming year. Special Articles U.S. Soybean Industry developing marketing opportunities in Chinese Aquaculture

3 Special Article U.S. Soybean Industry Developing Marketing Opportunities in Chinese Aquaculture FAS staff, along with a U.S. soybean farmer leader group, visited China in August, The group spent several days visiting various fish farms learning about developments in the Chinese aquaculture industry and ways in which the U.S. soybean industry is assisting local fish farms improve their production outcomes. Aquaculture is the cultivation of animals and plants in water. The U.S. soybean industry aquaculture program in China initially developed and tested marine fish feeds and high soybean meal inclusion rates between 1999 and In addition, the U.S. soybean industry is developing fish cages that can withstand ocean storms. Improved ocean cage technology will lead to production expansion. In 2004, total Chinese aquaculture production reached approximately 36 million metric tons, increasing from 1.2 MMT in In China, aquaculture production increased from 59 percent of the national fishery total in 1994 to 68 percent in The FAO estimates that world aquaculture production in 2004 totaled million tons with China producing 36 million tons or 62 percent of the total Aquaculture is essentially replacing capture fisheries, (which have reached maximum sustainable yields) in terms of importance to China s economy, thus increasing the demand for formulated feeds. MT Chinese Capture and Aquaculture Fish Production Total Aquaculture Production Capture Fish Production *FAO DATA The U.S soybean industry recognized the need for soy product applications in aqua feeds in China and elsewhere due to increasing global demand for seafood products. Fishmeal is considered an ideal feed ingredient because it is high in protein, has a good amino acid profile, palatable to fish (and other animals) and fairly economical until the recent run-up in prices. However, world fish stocks are limited and ueliable. The supply is impacted by weather events and government actions leading to erratic prices and lower supply.

4 Peru and Chile produce approximately half of the world s fishmeal. A fishing ban put in place by the Peruvian Government in the summer 2006 led to dramatically higher world prices. The fishing ban was lifted on November 2, 2006, but Chinese Fishmeal Production and once the 2 MMT quota is reached, another ban will be put in place which will mostly likely last until April, In addition, weather forecasters are monitoring the warming of sea level temperatures possibly indicating the development of an El Nino. The development of an El Nino would MT (1,000's) further impact fishmeal 1995/1996 production negatively in South America. 1998/ / /2005 CY Production The use of soybean meal in aqua feeds was virtually non-existent in 1990, but has grown to approximately 5 MMT in Besides consistent quality and cost Soymeal Use in Chinese Aquaculture advantages, soybean meal 6000 has better feed conversion ratios, improves water 5000 quality and sustainability. There are some 4000 digestibility issues in the soybean meal itself, but 3000 these can be potentially 2000 resolved using soy protein concentrates or 1000 isolates. Soy 0 concentrates are starting to be produced in China and priced to compete with and replace fishmeal. *Data sourced from ASA MT(000's) China has the available resources to expand its aquaculture production and along with it, its use of soybean meal. As new feed technologies are developed and production possibilities are explored, soybean meal use in this industry will continue to grow.

5 Oilseeds Desk Reference Tables Commodity Data Page Table 1: Major Oilseeds: World Supply and Distribution (Commodity View) 7 Table 2: Major Protein Meals: World Supply and Distribution (Commodity View) 8 Table 3: Major Vegetable Oils: World Supply and Distribution (Commodity View). 9 Table 4: Major Oilseeds: World Supply and Distribution (Country View) 10 Table 5: Major Protein Meals: World Supply and Distribution (Country View) 11 Table 6: Major Vegetable Oils: World Supply and Distribution (Country View) 12 Commodity Detail Data Table 7: Soybeans: World Supply and Distribution 13 Table 8: Soybean Meal: World Supply and Distribution 14 Table 9: Soybean Oil: World Supply and Distribution 15 Table 10: Soybeans and Products: World Trade 16 Table 11: Rapeseed and Products: World Supply and Distribution 17 Table 12: Palm Oil: World Supply and Distribution 18 Table 13: Sunflowereseed and Products: World Supply and Distribution 19 Table 14: Minor Oils: World Supply and Distribution 20 Global Data Table 15: World: Oilseeds and Products Supply and Distribution 21 Table 16: World: Soybeans and Products Supply and Distribution 22 Table 17: World: Rapeseed and Products Supply and Distribution 23 Table 18: World: Sunflower and Products Supply and Distribution 24 Table 19: World: Palm Oil and Fish Meal Supply and Distribution 25 Country and Regional Data Table 20: United States: Oilseeds and Products Supply and Distribution Local Marketing Years 26 Table 21 United States: Soybeans and Products Supply and Distribution Local Marketing Years 27 Table 22: Brazil: Soybeans and Products Supply and Distribution Local Marketing Years 28 Table 23: Argentina: Soybeans and Products Supply and Distribution Local Marketing Years 29 Table 24: South East Asia: Oilseeds and Products Supply and Distribution 30 Table 25: Middle East: Oilseeds and Products Supply and Distribution 31 Table 26: European Union (25): Oilseeds and Products Supply and Distribution 32 Table 27: China: Oilseeds and Products Supply and Distribution 33 Table 28: India: Oilseeds and Products Supply and Distribution 34 Table 29: Malaysia Palm Oil 35 Table 30: Monthly Soybean Crush and Production for the United States, Brazil, and Argentina.. 36 U.S. Trade Data Table 31: U.S. Soybeans and Product Exports by Major Destination 37 Table 32: U.S. Soybeans and Product Exports by Customs District 38 Prices Table 33: Oilseed Prices 39 Table 34: Protein Meal Prices 40 Table 35: Vegetable Oil Prices 41

6 Table 01: Major Oilseeds: World Supply and Distribution (Commodity View) Million Metric Tons 2002/ / / /06 Oct Nov Production 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

7 Table 02: Major Protein Meals: World Supply and Distribution (Commodity View) Million Metric Tons 2002/ / / /06 Oct Nov Production 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 Domestic Consumption 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

8 Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View) Million Metric Tons 2002/ / / /06 Oct Nov Production 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 Domestic Consumption 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

9 Table 04: Major Oilseeds: World Supply and Distribution (Country View) Million Metric Tons 2002/ / / /06 Oct Nov Production United States Brazil China, Peoples Republic Argentina India Other Total China, Peoples Republic EU Japan Mexico Taiwan Turkey Thailand Indonesia Korea, Republic of Iran Other Total Exports United States Brazil Argentina Canada Paraguay China, Peoples Republic Ukraine Other Total Crush China, Peoples Republic United States Argentina EU Brazil India Russian Federation Mexico Indonesia Ukraine Japan Pakistan Canada Malaysia Turkey Other Total Ending Stocks Argentina United States Brazil China, Peoples Republic EU Other Total Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.

10 Table 05: Major Protein Meals: World Supply and Distribution (Country View) Million Metric Tons 2002/ / / /06 Oct Nov Production China, Peoples Republic United States Argentina EU Brazil Other Total EU Korea, Republic of Thailand China, Peoples Republic Indonesia Mexico Japan Other Total Exports Argentina Brazil United States India Indonesia Malaysia Peru Other Total Domestic Consumption EU China, Peoples Republic United States India Brazil Mexico Japan Thailand Korea, Republic of Canada Other Total SME EU China, Peoples Republic United States Brazil India Mexico Japan Other Total Ending Stocks Argentina Brazil EU Malaysia United States Other Total Major Protien Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.

11 Table 06: Major Vegetable Oils: World Supply and Distribution (Country View) Million Metric Tons 2002/ / / /06 Oct Nov Production Indonesia Malaysia China, Peoples Republic EU United States Argentina India Other Total EU China, Peoples Republic India United States Pakistan Iran Egypt Bangladesh Malaysia Turkey Other Total Exports Malaysia Indonesia Argentina Brazil Ukraine Canada Philippines Other Total Domestic Consumption China, Peoples Republic EU India United States Indonesia Malaysia Brazil Russian Federation Pakistan Japan Mexico Turkey Nigeria Egypt Bangladesh Other Total Ending Stocks Malaysia EU United States Argentina Indonesia Other Total Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.

12 Table 07: Soybeans: World Supply and Distribution Thousand Metric Tons 2002/ / / /06 Oct Nov Production United States 75,010 66,778 85,013 83,368 86,779 87,196 Brazil 52,000 51,000 53,000 55,000 56,000 56,000 Argentina 35,500 33,000 39,000 40,500 41,300 41,300 China, Peoples Republic 16,510 15,394 17,400 16,350 16,200 16,200 India 4,000 6,800 5,850 6,300 6,400 6,400 Paraguay 4,500 3,911 4,050 4,000 4,700 4,700 Canada 2,336 2,263 3,042 3,161 3,293 3,293 Other 7,178 7,624 8,599 9,358 9,916 9,879 Total 197, , , , , ,968 China, Peoples Republic 21,417 16,933 25,802 28,317 32,000 32,000 EU-25 16,872 14,638 14,638 13,800 14,100 14,137 Japan 5,087 4,688 4,295 3,957 4,050 4,050 Mexico 4,230 3,797 3,640 3,650 3,755 3,755 Taiwan 2,351 2,218 2,256 2,400 2,400 2,400 Thailand 1,779 1,407 1,517 1,473 1,500 1,500 Indonesia 1,238 1,321 1,251 1,280 1,370 1,370 Korea, Republic of 1,516 1,368 1,240 1,190 1,300 1,275 Iran ,180 1,250 1,250 Turkey , Other 7,330 6,295 6,936 6,075 7,015 7,045 Total 63,109 54,160 63,597 64,122 69,690 69,732 Exports United States 28,423 24,128 29,860 25,778 31,162 31,161 Brazil 19,734 19,816 20,136 25,900 25,900 25,900 Argentina 8,714 6,926 9,312 7,300 7,100 7,000 Paraguay 2,806 2,776 2,888 2,600 3,300 3,300 Canada ,093 1,310 1,450 1,450 Other 776 1,260 1,251 1,534 1,759 1,759 Total 61,179 55,803 64,540 64,422 70,671 70,570 Crush United States 43,948 41,632 46,160 47,320 48,308 48,444 China, Peoples Republic 26,540 25,439 30,362 34,500 37,750 37,750 Argentina 23,526 25,021 27,313 31,765 33,500 33,800 Brazil 27,168 29,323 29,252 28,200 27,575 27,575 EU-25 16,325 13,909 13,995 13,175 13,670 13,670 India 3,420 5,534 5,030 5,435 5,525 5,535 Mexico 4,335 3,889 3,729 3,765 3,880 3,880 Japan 4,217 3,536 3,149 2,820 2,875 2,875 Taiwan 2,135 2,046 2,013 2,081 2,120 2,120 Bolivia 1,524 1,676 1,815 1,813 1,836 1,836 Canada 1,796 1,534 1,580 1,508 1,550 1,550 Thailand 1,808 1,385 1,500 1,413 1,420 1,420 Iran ,066 1,250 1,320 1,320 Paraguay 1, ,150 1,200 1,200 Korea, Republic of 1,211 1, , Other 5,515 5,662 6,837 6,881 7,684 7,709 Total 165, , , , , ,674 Ending Stocks Argentina 15,199 15,399 17,031 17,513 17,602 17,402 Brazil 16,035 15,507 16,751 15,121 15,390 15,390 United States 4,853 3,059 6,960 12,214 15,112 15,383 China, Peoples Republic 4,467 2,100 4,700 4,473 4,100 4,223 EU Other 1,640 1,595 1,852 1,886 1,923 1,890 Total 43,064 38,560 48,178 52,147 55,057 55,218 Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a September/Augus MY. Canada is on an August/July MY. Paraguay is on a March/February MY and Turkey is on an March/February MY.

13 Table 08: Soybean Meal: World Supply and Distribution 1000 Metric Tons 2002/ / / /06 Oct Nov Production United States 34,649 32,953 36,936 37,413 38,360 38,478 China, Peoples Republic 21,000 20,190 24,026 27,296 29,873 29,873 Argentina 18,416 19,685 21,531 25,035 26,437 26,687 Brazil 21,449 22,360 22,658 21,828 21,710 21,710 EU-25 12,825 10,945 11,014 10,370 10,800 10,760 India 2,730 4,422 4,005 4,325 4,396 4,404 Mexico 3,440 3,090 2,958 2,990 3,073 3,073 Other 15,983 14,754 15,675 15,620 16,541 16,541 Total 130, , , , , ,526 EU-25 20,361 21,898 21,723 22,900 22,680 22,680 Indonesia 1,638 1,668 1,848 2,100 2,000 2,200 Thailand 1,976 1,662 1,730 2,042 2,150 2,150 Mexico ,251 1,730 1,900 1,900 Korea, Republic of 1,528 1,307 1,462 1,752 1,750 1,725 Philippines 1,449 1,171 1,542 1,580 1,660 1,660 Japan 1,075 1,195 1,503 1,600 1,675 1,625 Vietnam ,106 1,400 1,360 1,500 Canada 1,068 1,069 1,133 1,335 1,350 1,350 Malaysia Other 11,084 12,785 12,075 13,708 14,973 14,943 Total 42,320 45,071 46,049 50,997 52,448 52,683 Exports Argentina 18,250 18,850 20,497 24,300 26,000 26,300 Brazil 13,612 14,761 14,242 12,900 12,600 12,600 United States 5,728 4,690 6,659 7,212 7,575 7,711 India 1,225 3,310 1,850 3,679 3,100 3,000 Bolivia Other 2,638 2,596 2,361 2,296 2,453 2,403 Total 42,430 45,143 46,509 51,257 52,628 52,914 Domestic Consumption EU-25 33,026 32,464 32,205 32,540 32,730 32,690 United States 29,096 28,530 30,446 30,194 30,935 30,935 China, Peoples Republic 20,152 19,542 23,461 27,773 30,373 30,423 Brazil 8,055 7,696 8,878 9,450 9,550 9,550 Mexico 4,163 3,865 4,208 4,714 4,971 4,971 Japan 4,331 4,175 3,978 3,845 3,924 3,874 Thailand 3,386 2,766 2,965 3,199 3,311 3,311 Korea, Republic of 2,485 2,194 2,232 2,425 2,549 2,581 Canada 2,349 2,191 2,268 2,381 2,430 2,430 Indonesia 1,631 1,653 1,813 2,100 2,019 2,210 Philippines 1,626 1,350 1,639 1,720 1,777 1,777 Taiwan 1,699 1,713 1,688 1,699 1,730 1,730 Iran 966 1,601 1,066 1,449 1,675 1,675 India 1,502 1,122 1,310 1,405 1,407 1,515 Vietnam ,106 1,400 1,360 1,500 Other 14,949 16,719 17,831 19,260 20,849 20,818 Total 130, , , , , ,990 Ending Stocks Argentina 845 1,196 1,735 1,910 1,747 1,697 Brazil 1,692 1,877 1,668 1,336 1,121 1,121 EU United States Korea, Republic of Other 1,905 1,216 2,164 1, Total 5,715 5,516 6,765 5,828 5,139 5,133 Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY. Canada i 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 March/February MY.

14 Table 09: Soybean Oil: World Supply and Distribution Million Metric Tons 2002/ / / /06 Oct Nov Production United States 8,360 7,748 8,781 9,250 9,099 9,124 China, Peoples Republic 4,730 4,535 5,421 6,149 6,739 6,739 Argentina 4,404 4,626 5,088 6,025 6,342 6,342 Brazil 5,205 5,588 5,650 5,393 5,285 5,285 EU-25 2,922 2,500 2,505 2,360 2,470 2,450 India Mexico Other 3,595 3,310 3,513 3,519 3,716 3,717 Total 30,571 29,966 32,493 34,323 35,301 35,309 India 1, ,022 1,675 1,900 1,900 China, Peoples Republic 1,712 2,745 1,739 1,516 1,650 1,700 EU Iran Morocco Peru Venezuela Korea, Republic of Egypt South Africa, Republic of Other 3,029 2,512 2,808 2,651 2,650 2,695 Total 8,364 8,248 8,956 8,867 9,615 9,655 Exports Argentina 3,636 4,085 4,753 5,625 5,850 5,850 Brazil 2,394 2,718 2,414 2,055 2,275 2,275 United States 1, EU Bolivia Paraguay Iran Other Total 8,755 8,631 9,227 9,323 9,922 9,922 Domestic Consumption United States 7,748 7,650 7,910 8,169 8,709 8,709 China, Peoples Republic 6,389 7,174 7,214 7,607 8,294 8,344 Brazil 2,920 2,954 3,089 3,200 3,275 3,275 EU-25 2,281 2,086 2,138 2,785 3,184 3,114 India 1,948 1,752 2,628 2,882 3,050 2,990 Iran Mexico Argentina Japan Korea, Republic of Morocco Egypt Taiwan Canada Venezuela Other 4,043 3,558 4,057 4,008 4,100 4,148 Total 30,273 29,915 31,743 33,438 35,661 35,616 Ending Stocks United States ,346 1,222 1,219 Argentina Brazil China, Peoples Republic EU Other Total 2,972 2,640 3,119 3,548 3,097 2,974 Most countries are on an October/September Marketing Year (MY). Mexico is on a September/August MY. Peru is on an January/December MY and Paraguay and Bolivia are on a March/February MY.

15 Table 10: Soybeans and Products: World Trade Thousand Metric Tons Meal, Soybean Oil, Soybean Oilseed, Soybean Marketing Year 2004/ / / / / /06 Exports North America 6, , ,310 32,612 Canada (Aug-Jul) ,093 1,310 1,450 United States (Sep-Aug) 6,659 7,212 7, ,860 25,778 31,161 South America , , ,955 Argentina (Oct-Sep) 20,497 24,300 26,300 4,753 5,625 5,850 9,312 7,300 7,000 Brazil (Oct-Sep) 14,242 12,900 12,600 2,414 2,055 2,275 20,136 25,900 25,900 Paraguay (Mar-Feb) ,888 2,600 3,300 South Asia 0 0 3, India (Oct-Sep) 1,850 3,679 3, Other 39,752 51,140 1,479 9,226 9, ,538 63, World Total 46,509 51,257 52,914 9,227 9,323 9,922 64,540 64,422 70,570 European Union 21,723 22,900 22, ,638 13,800 14,137 East Asia 1, , ,187 5, ,825 China, Peoples Republic of (Oct-Sep) ,739 1,516 1,700 25,802 28,317 32,000 Japan (Oct-Sep) 1,503 1,600 1, ,295 3,957 4,050 Korea, Republic of (Oct-Sep) 1,462 1,752 1, ,240 1,190 1,275 Taiwan (Oct-Sep) ,256 2,400 2,400 Southeast Asia , , ,626 Indonesia (Oct-Sep) 1,848 2,100 2, ,251 1,280 1,370 Malaysia (Oct-Sep) Philippines (Jan-Dec) 1,542 1,580 1, Thailand (Sep-Aug) 1,730 2,042 2, ,517 1,473 1,500 Vietnam (Jan-Dec) 1,106 1,400 1, North America 1,267 1,335 3, , ,164 Canada (Aug-Jul) 1,133 1,335 1, Mexico (Sep-Aug) 1,251 1,730 1, ,640 3,650 3,755 South America , ,822 Brazil (Oct-Sep) Colombia (Oct-Sep) Central America Caribbean Middle East , ,019 2,022 1,180 3,540 Iran (Oct-Sep) ,180 1,250 Israel (Oct-Sep) Syria (Jan-Dec) Turkey (Oct-Sep) , North Africa 970 1,170 1, , ,200 Egypt (Oct-Sep) Other 19,626 24,082 3,378 6,373 6,414 2,799 33,806 47, World Total 46,049 50,997 52,683 8,956 8,867 9,655 63,597 64,122 69,732

16 Table 11: Palm Oil: World Supply and Distribution Thousand Metric Tons 2002/ / / /06 Oct Nov Production Indonesia 10,300 11,500 14,000 15,000 16,400 16,400 Malaysia 13,180 13,420 15,194 15,400 15,900 15,900 Thailand ,000 1,000 Nigeria Colombia Other 2,275 2,432 2,544 2,681 2,712 2,712 Total 27,705 29,586 33,875 35,471 37,572 37,572 China, Peoples Republic 3,531 3,710 4,363 4,975 5,400 5,600 EU-25 3,006 3,371 3,986 4,100 5,000 4,500 India 3,954 3,486 3,729 2,820 3,750 3,750 Pakistan 1,370 1,297 1,550 1,750 1,750 1,750 Bangladesh Malaysia Egypt Russian Federation United States Other , Total 19,730 21,754 24,327 25,608 27,542 27,112 Exports Malaysia 11,650 11,602 12,634 12,900 13,300 13,300 Indonesia 6,422 7,856 9,621 11,000 11,900 11,900 Papua New Guinea Colombia Jordan Other 1,175 1,359 1,461 1,385 1,672 1,432 Total 19,719 21,707 24,633 26,150 27,692 27,452 Domestic Consumption China, Peoples Republic 3,525 3,710 4,363 4,975 5,400 5,600 Indonesia 3,703 3,828 4,142 4,355 4,530 4,480 EU-25 2,905 3,306 3,857 3,980 4,835 4,380 India 4,215 3,598 3,610 3,046 3,798 3,708 Malaysia 2,074 2,234 2,689 3,190 3,510 3,510 Pakistan 1,326 1,245 1,490 1,695 1,702 1,702 Nigeria ,005 1,010 1,010 Bangladesh Thailand United States Egypt Russian Federation Colombia Turkey Japan Mexico Philippines Cote d'ivoire Iran Other , Total 27,787 29,643 32,984 35,213 37,718 37,406 Ending Stocks Malaysia 955 1,318 1,527 1,637 1,377 1,377 Indonesia EU Thailand India Other Total 2,522 2,512 3,097 2,813 2,515 2,639 Most countries are based on a October/September Marketing Year (MY). EU-25, Philippines, and Thailand are on an January/December and Turkey is on a November/October MY.

17 Table 12: Rapeseed and Products: World Supply and Distribution Thousand Metric Tons Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed Marketing Year 2004/ / / / / /06 Production EU-25 (Jul-Jun) 7,425 8,230 9,250 5,365 5,945 6,690 15,336 15,396 15,591 China, Peoples Republic of (Oct-Sep) 8,079 8,208 7,986 4,556 4,635 4,558 13,182 13,050 12,500 India (Oct-Sep) 3,258 3,609 3,607 2,068 2,287 2,290 6,500 6,800 6,500 Canada (Aug-Jul) 1,730 1,935 1,965 1,247 1,423 1,449 7,728 9,660 8,485 Japan (Oct-Sep) 1,267 1,277 1, Other 2,435 3,014 2,978 1,589 1,968 1,961 3,396 3,642 3,087 World Total 24,194 26,273 27,083 15,715 17,169 17,872 46,143 48,549 46,164 EU-25 (Jul-Jun) China, Peoples Republic of (Oct-Sep) India (Oct-Sep) Canada (Aug-Jul) Japan (Oct-Sep) ,231 2,281 2,300 Other 2,051 2,197 2, , ,286 3,252 3,295 World Total 2,283 2,507 2,557 1,171 1,492 1,579 5,055 6,817 6,880 Exports EU-25 (Jul-Jun) China, Peoples Republic of (Oct-Sep) India (Oct-Sep) Canada (Aug-Jul) 1,414 1,488 1, ,094 1,050 3,493 5,426 5,650 Japan (Oct-Sep) Other ,215 1,288 1,316 World Total 2,217 2,573 2,529 1,140 1,713 1,753 4,912 6,928 7,066 Domestic Consumption EU-25 (Jul-Jun) 7,482 8,290 9,272 5,230 6,215 7,140 13,864 15,288 16,935 China, Peoples Republic of (Oct-Sep) 8,093 8,320 8,106 4,756 4,546 4,318 13,498 13,726 13,300 India (Oct-Sep) 2,747 3,015 3,308 2,068 2,287 2,290 6,315 6,919 6,854 Canada (Aug-Jul) ,358 3,875 3,875 Japan (Oct-Sep) 1,305 1,309 1, ,245 2,266 2,300 Other 4,342 4,905 4,888 2,188 2,500 2,661 4,358 5,437 5,368 World Total 24,291 26,259 27,374 15,669 16,927 17,804 43,638 47,511 48,632 Ending Stocks EU-25 (Jul-Jun) ,606 1, China, Peoples Republic of (Oct-Sep) India (Oct-Sep) Canada (Aug-Jul) ,555 2,054 1,114 Japan (Oct-Sep) Other World Total ,401 5,328 2,674 11/9/2006 2:29:10 PM

18 Table 13: Sunflowerseed and Products World Supply and Distribution Thousand Metric Tons Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed Marketing Year 2004/ / / / / /06 Production Argentina (Mar-Feb) 3,600 3,800 4,000 1,588 1,521 1,600 1,589 1,565 1,605 EU-25 (Oct-Sep) 4,188 3,724 4,110 2,332 2,260 2,438 1,655 1,602 1,730 Russian Federation (Sep-Aug) 4,800 6,450 6,900 1,625 2,081 2,177 1,815 2,320 2,425 Turkey (Sep-Aug) Ukraine (Sep-Aug) 3,050 4,700 4,900 1,220 1,790 1,890 1,190 1,740 1,840 Other 9,009 10,342 9,797 2,739 3,086 3,154 2,296 2,565 2,614 World Total 25,297 29,766 30,407 9,947 11,137 11,703 9,039 10,259 10,710 Argentina (Mar-Feb) EU-25 (Oct-Sep) ,773 2,040 1, ,275 1,300 Russian Federation (Sep-Aug) Turkey (Sep-Aug) Ukraine (Sep-Aug) Other ,211 1,253 World Total 1,461 1,498 1,667 2,757 3,128 2,941 2,162 3,024 3,033 Exports Argentina (Mar-Feb) ,105 1,130 1,150 1,176 1,150 1,175 EU-25 (Oct-Sep) Russian Federation (Sep-Aug) Turkey (Sep-Aug) Ukraine (Sep-Aug) ,010 1, ,075 1,150 Other 1,265 1,216 1, World Total 1,545 1,995 2,062 2,933 3,289 3,302 2,527 3,299 3,468 Domestic Consumption Argentina (Mar-Feb) 3,803 3,711 3, EU-25 (Oct-Sep) 4,768 4,585 4,949 4,123 4,280 4,283 2,458 2,778 2,928 Russian Federation (Sep-Aug) 4,844 6,010 6,506 1,183 1,411 1,512 1,711 1,855 1,965 Turkey (Sep-Aug) 1,167 1,102 1, Ukraine (Sep-Aug) 3,050 4,444 4, Other 8,024 9,096 8,912 2,910 3,358 3,458 2,966 3,421 3,515 World Total 25,656 28,948 30,151 9,793 10,972 11,342 8,711 9,815 10,291 Ending Stocks Argentina (Mar-Feb) EU-25 (Oct-Sep) Russian Federation (Sep-Aug) Turkey (Sep-Aug) Ukraine (Sep-Aug) Other World Total 1,412 1,733 1,

19 Table 14: Minor Vegetable Oil Supply and Distribution Thousand Metric Tons Oil, Peanut Oil, Cottonseed Oil, Olive Marketing Year 2004/ / / / / /06 Production China, Peoples Republic of (Oct-Sep) 2,242 2,299 2,157 1,284 1,267 1,420 EU-25 (Oct-Sep) ,098 1,650 2,200 India (Oct-Sep) 1,748 1,778 1, Turkey (Nov-Oct) United States (Aug-Jul) Other 997 1,007 1,012 1,856 1,723 1, World Total 5,061 5,183 4,833 4,721 4,551 4,757 2,741 2,283 2,845 China, Peoples Republic of (Oct-Sep) EU-25 (Oct-Sep) India (Oct-Sep) Turkey (Nov-Oct) United States (Aug-Jul) Other World Total Exports China, Peoples Republic of (Oct-Sep) EU-25 (Oct-Sep) India (Oct-Sep) Turkey (Nov-Oct) United States (Aug-Jul) Other World Total Domestic Consumption China, Peoples Republic of (Oct-Sep) 2,222 2,285 2,142 1,284 1,267 1,420 EU-25 (Oct-Sep) ,950 1,778 1,950 India (Oct-Sep) 1,736 1,801 1, Turkey (Nov-Oct) United States (Aug-Jul) Other ,812 1,731 1, World Total 5,041 5,221 4,873 4,597 4,559 4,794 2,695 2,528 2,713 Ending Stocks China, Peoples Republic of (Oct-Sep) EU-25 (Oct-Sep) India (Oct-Sep) Turkey (Nov-Oct) United States (Aug-Jul) Other World Total , Turkey's Cottonseed Oil Marketing Year (MY) is October/September. China and India are not included in the The EU-25's Oilve Oil MY is November/October and the U.S. MY for Oilve Oil is October/September.

20 Table 15: World Oilseeds and Products Supply and Distribution Area Beginning Harvested Stocks Million Metric Tons Production Total Supply Exports Food Use Domestic Dom. Cons. Consumpti Ending Stocks Major Oilseeds 1993/ / / / / / / / / / / / / Major Protien Meals 1993/ / / / / / / / / / / / / Major Vegetable Oils 1993/ / / / / / / / / / / / / Based on the aggregate of different marketing years

21 Table 16: World: Soybeans and Products Supply and Distribution Million Metric Tons Area Beginning Harvested Stocks Production Total Supply Exports Crush Domestic Consumpti Ending Stocks Oilseed, Soybean 1993/ / / / / / / / / / / / / Meal, Soybean 1993/ / / / / / / / / / / / / Oil, Soybean 1993/ / / / / / / / / / / / / Based on the aggregate of different marketing years, primarily Ocober through September.

22 Table 17: World: Rapeseed and Products Supply and Distribution Area Beginning Harvested Stocks Million Metric Tons Production Total Supply Exports Food Use Domestic Dom. Cons. Consumpti Ending Stocks Oilseed, Rapeseed 1993/ / / / / / / / / / / / / Meal, Rapeseed 1993/ / / / / / / / / / / / / Oil, Rapeseed 1993/ / / / / / / / / / / / / Based on the aggregate of different marketing years.