Argentine Exporters Switch to Soybean Oil as Biodiesel Exports Fall

Transcription

1 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP Argentine Exporters Switch to Soybean Oil as Biodiesel Exports Fall Argentina s soybean oil exports have surged as production of soy-based biodiesel waned in response to diminished export prospects. Soybean oil exports topped 1.5 million tons in the second-quarter of 2013, exceeding the total volume shipped over the previous two quarters. While exports generally rise substantially in the second quarter, coinciding with the harvest, the erosion in biodiesel production over the past year has freed up additional supplies for soybean oil exports. The decline in biodiesel production reflects the loss of European sales as import duties were raised in an ongoing trade dispute with Argentina. At its peak, Argentina s biodiesel exports averaged 450,000 tons per quarter with about 90 percent of exports destined for the EU market. Approved by the World Agricultural Outlook Board/USDA

2 OVERVIEW For, global soybean production is down as a smaller crop in the United States more than offsets gains in India. World trade is marginally higher as increased exports by Argentina and Bolivia more than offsets a lower U.S. export forecast. The season average U.S. farm price is up on smaller supplies. For, global soybean production is lower as a smaller crop in Argentina is partially offset by an increase in Bolivia. World trade is up, supported by larger exports from Brazil and Bolivia which offset lower exports by Argentina. The season average U.S. farm price is unchanged SOYBEAN PRICES U.S. export bids, FOB Gulf, in July averaged $582/ton, down from the previous month. The drop is driven by increased farmer selling and expectations for favorable weather. As of the week-ending ust 1, U.S. soybean commitments (outstanding sales plus accumulated exports) to China totaled 21.6 million tons compared to 24.2 million a year ago. Total commitments to the world are 37.2 million tons, compared to 38.6 million for the same period last year. TRADE OUTLOOK U.S. soybean exports are cut 1.8 million tons to 37.7 million on a smaller crop; soybean meal exports are reduced 453,000 tons to 8.8 million in response to lower crush. Argentina s soybean exports are raised 1.7 million tons to 13.7 million in response to lower U.S. exports and slower 4 th quarter 2013 exports by Brazil. Soybean meal exports are reduced 850,000 tons to 27.8 million following a drop in production. Soybean oil exports are up 400,000 tons to 4.6 million on increased availability associated with the decline in biodiesel production. Brazil s soybean oil exports are reduced 220,000 tons to 1.5 million on increased competition from Argentina. Bolivia s soybean exports are raised 200,000 tons to 450,000 tons in response to increased production. China s rapeseed meal imports are cut 100,000 tons to 100,000 on larger domestic supplies. Rapeseed oil imports are up 200,000 tons to 1.1 million on stronger demand.

3 European Union s soybean meal imports are slashed 800,000 tons to 20.1 million on larger supplies of meals from rapeseed and sunflowerseed. Rapeseed imports are up 200,000 tons to 3.3 million on strong crush demand. Russia s rapeseed exports are cut 100,000 tons to 30,000 on a reduced crop. Ukraine s rapeseed exports are up 200,000 tons to 2.1 million on a larger crop and strong demand from the EU. TRADE OUTLOOK U.S. soybean exports are cut 408,000 tons to 35.8 million on tight supplies and slower sales. Soybean meal exports are up 363,000 tons to 9.9 million reflecting strong sales and shipments to date. Argentina s soybean exports are cut 700,000 tons to 7.1 million on reduced farmer selling and weak export sales. Soybean meal exports are cut 2.0 million tons to 23.4 million on reduced crush and weak demand. Soybean oil exports are up 375,000 tons to 4.2 million on increased availability associated with the decline in biodiesel production. Sunflowerseed meal exports are cut 170,000 tons to 600,000 reflecting lower production. Sunflowerseed oil exports are down 240,000 tons to 660,000 tons on reduced crush and uncompetitive prices. Brazil s soybean exports are boosted 1.3 million tons to 39.2 million on continued strong export performance. Soybean meal exports are lowered 450,000 tons to 13.1 million as crush lags in response to strong soybean exports. Soybean oil exports are reduced 230,000 tons to 1.3 million on lower production and growing competition from Argentina. Australia s rapeseed exports are up 200,000 tons to a record 3.1 million on strong demand from the EU. China s soybean meal exports are up 100,000 tons to a record 1.4 million driven by strong exports to nearby countries during June. Soybean oil imports are raised 150,000 tons to 1.6 million on strong year-to-date trade and expected increased purchases from Argentina. Rapeseed oil imports are up 150,000 tons to 1.4 million reflecting larger purchases from the EU. EU soybean meal imports are slashed 2.1 million tons to 18.1 million on slower purchases mainly from Argentina. Rapeseed imports are up 300,000 tons to 3.4 million with large purchases from Australia. Rapeseed oil exports are up 100,000 tons to 420,000 on large sales to China, Singapore, and Norway; imports are down 100,000 tons to 250,000 on increased production. India s soybean meal exports are reduced 350,000 tons to 3.9 million tons as high internal prices reduce competitiveness.

4 Table 01: Major Oilseeds: World Supply and Distribution (Commodity View) Million Metric Tons 2009/ /11 Jul 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/ /11 Jul 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/ /11 Jul 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/ /11 Jul United States Brazil China Argentina India Other Total China European Union Japan Mexico Taiwan Indonesia Thailand Turkey Egypt Vietnam Other Total Exports Brazil United States Argentina Canada Paraguay Ukraine Australia Other Crush Total China United States European Union Argentina Brazil India Russia Ukraine Indonesia Canada Mexico Pakistan Malaysia Japan Paraguay Other Total Ending Argentina Brazil China United States India 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/ /11 Jul China United States Argentina Brazil European Union Other Total European Union Indonesia Thailand Korea, South United States Vietnam Japan Other Total Exports Argentina Brazil United States India Indonesia Ukraine Canada Other Total China European Union United States Brazil India Mexico Japan Thailand Russia Indonesia Other SME Total China European Union United States Brazil India Japan Thailand Other Total Ending Argentina Brazil Indonesia European Union Philippines Other Total Major Protien 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/ /11 Jul 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 Nigeria Thailand Other Total Ending Indonesia China 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/ /11 Jul United States 91,417 90,605 84,192 82,055 93,077 88,599 Brazil 69,000 75,300 66,500 82,000 85,000 85,000 Argentina 54,500 49,000 40,100 49,500 53,500 53,500 China 14,980 15,100 14,480 12,800 12,500 12,500 India 9,700 9,800 11,000 11,500 12,000 12,300 Paraguay 6,462 7,128 4,043 9,367 8,400 8,400 Canada 3,581 4,445 4,298 4,930 5,300 5,300 Other 10,763 12,546 14,539 15,431 16,116 16,116 Total 260, , , , , ,715 China 50,338 52,339 59,231 59,000 69,000 69,000 European Union 12,695 12,488 11,957 12,250 12,100 12,100 Mexico 3,523 3,498 3,606 3,350 3,550 3,550 Japan 3,401 2,917 2,759 2,700 2,760 2,760 Taiwan 2,469 2,454 2,285 2,400 2,500 2,500 Indonesia 1,620 1,898 1,922 1,920 2,100 2,100 Thailand 1,660 2,139 1,906 1,925 2,030 2,030 Egypt 1,638 1,644 1,638 1,650 1,700 1,700 Vietnam ,225 1,350 1,380 1,380 Korea, South 1,197 1,239 1,139 1,150 1,200 1,200 Other 8,081 7,189 5,554 6,426 6,132 6,132 Total 86,853 88,729 93,222 94, , ,452 Exports Brazil 28,578 29,951 36,315 39,200 41,500 41,500 United States 40,798 40,957 37,150 35,788 39,463 37,694 Argentina 13,088 9,205 7,368 7,100 12,000 13,700 Paraguay 4,070 5,226 3,574 5,500 5,000 5,000 Canada 2,247 2,943 2,932 3,500 3,450 3,450 Other 2,657 3,418 4,928 5,550 5,799 6,054 Crush Total 91,438 91,700 92,267 96, , ,398 China 48,830 55,000 60,970 64,650 67,650 67,650 United States 47,673 44,851 46,348 45,858 46,130 45,586 Argentina 34,127 37,614 35,886 32,900 38,000 37,000 Brazil 33,700 36,330 38,083 35,250 37,000 37,000 European Union 12,595 12,355 12,245 12,470 12,230 12,230 India 7,400 9,400 9,600 9,700 10,000 10,000 Mexico 3,600 3,625 3,675 3,650 3,800 3,800 Paraguay 1,558 1, ,000 3,300 3,300 Russia 1,950 2,170 2,400 2,440 2,680 2,680 Taiwan 2,010 2,060 2,020 2,040 2,080 2,080 Bolivia 1,520 1,800 2,000 2,050 2,050 2,050 Japan 2,535 2,149 1,960 1,910 1,950 1,950 Thailand 1,520 1,820 1,751 1,725 1,720 1,720 Egypt 1,635 1,644 1,620 1,640 1,680 1,680 Canada 1,291 1,425 1,411 1,425 1,425 1,425 Other 7,172 7,447 6,909 7,675 7,779 7,779 Total 209, , , , , ,930 Ending Argentina 22,277 22,872 18,100 25,950 26,272 27,072 Brazil 17,480 23,636 12,916 17,756 21,850 21,206 China 13,259 14,558 15,924 11,594 13,864 13,864 United States 4,106 5,852 4,610 3,407 8,035 5,987 India 1, Other 3,516 4,298 2,991 3,121 3,505 3,273 Total 62,211 71,721 54,857 62,219 74,121 72,268 Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a September/ust MY. Canada is on an ust/july MY. Paraguay is on a March/February MY.

11 Table 08: Soybean Meal: World Supply and Distribution Thousand Metric Tons 2009/ /11 Jul China 38,644 43,560 48,288 51,203 53,602 53,602 United States 37,836 35,608 37,217 36,197 36,500 36,047 Argentina 26,624 29,312 27,945 25,613 29,630 28,800 Brazil 26,120 28,160 29,510 27,320 28,700 28,680 European Union 9,950 9,760 9,674 10,020 9,662 9,826 India 5,910 7,520 7,680 7,760 8,000 8,000 Mexico 2,850 2,870 2,910 2,890 3,008 3,008 Other 17,013 17,809 16,973 19,242 19,850 19,850 Total 164, , , , , ,813 European Union 20,881 21,815 20,939 18,100 20,900 20,100 Indonesia 2,507 3,069 3,278 3,500 3,600 3,600 Thailand 2,513 2,318 2,928 3,000 3,200 3,200 Vietnam 2,577 2,545 2,462 2,400 2,470 2,470 Iran 1,524 1,742 2,192 2,600 2,400 2,400 Japan 2,106 2,208 2,282 2,000 2,330 2,230 Philippines 1,719 1,972 1,833 1,925 2,050 2,050 Korea, South 1,737 1,658 1,571 1,625 1,700 1,700 Mexico 1,209 1,500 1,548 1,250 1,480 1,480 Peru 1,072 1,059 1,113 1,150 1,250 1,250 Other 15,219 16,654 16,930 16,578 17,767 17,420 Total 53,064 56,540 57,076 54,128 59,147 57,900 Exports Argentina 24,914 27,615 26,043 23,400 28,650 27,800 Brazil 12,985 13,987 14,678 13,100 13,600 13,600 United States 10,125 8,238 8,838 9,888 9,253 8,800 India 3,117 4,800 4,391 3,900 3,950 3,950 Paraguay 1,124 1, ,000 2,325 2,325 Other 3,343 2,868 3,837 4,206 3,883 3,883 Total 55,608 58,551 58,310 56,494 61,661 60,358 China 37,546 43,382 47,435 49,823 52,552 52,552 European Union 30,359 30,952 29,960 27,668 29,732 28,932 United States 27,795 27,489 28,621 26,626 27,397 27,397 Brazil 13,000 13,750 14,250 14,593 14,650 14,800 Thailand 3,613 3,775 4,153 4,350 4,550 4,550 Mexico 4,160 4,340 4,370 4,225 4,435 4,435 India 2,570 2,900 3,330 3,702 4,070 4,070 Japan 3,900 3,844 3,840 3,585 3,800 3,700 Indonesia 2,527 2,784 3,218 3,430 3,650 3,650 Vietnam 2,600 2,975 3,200 3,345 3,500 3,500 Iran 2,467 2,550 2,500 2,700 2,675 2,675 Russia 1,874 2,181 2,365 2,497 2,600 2,600 Korea, South 2,420 2,336 2,265 2,260 2,344 2,344 Egypt 1,725 1,980 2,060 2,127 2,125 2,125 Canada 1,999 1,987 2,060 1,940 2,025 2,025 Other 22,175 23,305 23,664 24,360 25,952 25,677 Total 160, , , , , ,032 Ending Argentina 1,602 2,434 3,376 4,519 3,536 4,349 Brazil 2,155 2,636 3,248 2,900 2,893 3,205 Indonesia European Union Thailand Other 1,970 2,447 2,587 2,564 2,185 2,508 Total 6,454 8,512 10,184 10,832 9,769 11,155 Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/ust MY. Canada is on an ust/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.

12 Table 09: Soybean Oil: World Supply and Distribution Thousand Metric Tons 2009/ /11 Jul China 8,726 9,840 10,914 11,572 12,121 12,121 United States 8,897 8,568 8,954 8,972 8,843 8,738 Brazil 6,470 6,970 7,310 6,760 7,100 7,100 Argentina 6,476 7,181 6,839 6,265 7,245 7,050 European Union 2,290 2,246 2,226 2,267 2,220 2,220 India 1,320 1,675 1,710 1,730 1,780 1,780 Mexico Other 3,967 4,154 3,945 4,488 4,631 4,631 Total 38,789 41,282 42,555 42,707 44,620 44,320 China 1,514 1,319 1,502 1,550 1,600 1,600 India 1, ,174 1,150 1,250 1,250 Iran Algeria Bangladesh Morocco Venezuela Korea, South Peru European Union Other 2,636 3,272 2,237 2,731 2,721 2,729 Total 8,676 9,418 8,018 8,682 8,726 8,929 Exports Argentina 4,453 4,561 3,787 4,150 4,215 4,615 Brazil 1,449 1,668 1,885 1,270 1,670 1,450 European Union United States 1,524 1, Paraguay Bolivia Russia Other Total 9,114 9,576 8,491 9,046 9,098 9,222 China 10,435 11,109 11,944 12,641 13,530 13,630 United States 7,173 7,619 8,306 8,414 8,414 8,413 Brazil 4,980 5,205 5,400 5,604 5,510 5,750 India 2,760 2,640 2,750 3,000 3,100 3,100 Argentina 1,915 2,520 3,020 2,175 2,980 2,380 European Union 2,417 2,745 1,988 1,742 1,790 1,770 Mexico Iran Algeria Egypt Korea, South Bangladesh Venezuela Japan Morocco Other 3,994 4,182 4,144 4,277 4,333 4,381 Total 38,219 40,731 41,934 42,458 44,297 44,169 Ending China ,036 1,067 1,067 United States 1,545 1,100 1, Argentina Brazil India Other 853 1,516 1, ,020 Total 3,341 3,734 3,882 3,767 3,447 3,625 Most countries are on an October/September Marketing Year (MY). Mexico is on a September/ust MY. Peru is on an January/December MY and Paraguay and Bolivia are on a March/February MY.

13 Table 10: Soybeans and Products: World Trade Thousand Metric Tons Meal, Soybean Oil, Soybean Oilseed, Soybean Marketing Year Exports North America 9,022 10,150 9, , ,082 39,288 41,144 Canada (-Jul) ,932 3,500 3,450 United States (Sep-) 8,838 9,888 8, ,150 35,788 37,694 South America 0 39,800 45,015 6,043 6,173 6, ,132 63,697 Argentina (Oct-Sep) 26,043 23,400 27,800 3,787 4,150 4,615 7,368 7,100 13,700 Brazil (Oct-Sep) 14,678 13,100 13,600 1,885 1,270 1,450 36,315 39,200 41,500 Paraguay (Mar-Feb) 523 2,000 2, ,574 5,500 5,000 South Asia 4,398 3,908 3, India (Oct-Sep) 4,391 3,900 3, Other 44,890 2,636 2,372 1,698 1,793 1,677 52,185 2,143 2,482 World Total 58,310 56,494 60,358 8,491 9,046 9,222 92,267 96, ,398 European Union ,100 20, ,250 12,100 East Asia 4,129 3,715 4,125 1,965 1,986 2,083 65,433 65,275 75,485 China (Oct-Sep) ,502 1,550 1,600 59,231 59,000 69,000 Japan (Oct-Sep) 2,282 2,000 2, ,759 2,700 2,760 Korea, South (Oct-Sep) 1,571 1,625 1, ,139 1,150 1,200 Taiwan (Oct-Sep) ,285 2,400 2,500 Southeast Asia 11,601 11,998 12, ,739 5,890 6,230 Indonesia (Oct-Sep) 3,278 3,500 3, ,922 1,920 2,100 Malaysia (Oct-Sep) 1,078 1,150 1, Philippines (Jan-Dec) 1,833 1,925 2, Thailand (Sep-) 2,928 3,000 3, ,906 1,925 2,030 Vietnam (Jan-Dec) 2,462 2,400 2, ,225 1,350 1,380 North America 2,881 2,617 2, ,275 4,528 4,188 Canada (-Jul) 1,137 1,050 1, Mexico (Sep-) 1,548 1,250 1, ,606 3,350 3,550 South America 23 4,620 4,925 1,153 1,199 1, Brazil (Oct-Sep) Colombia (Oct-Sep) 1,009 1,050 1, Central America Caribbean Middle East 35 5,045 5, ,725 1,770 Iran (Oct-Sep) 2,192 2,600 2, Israel (Oct-Sep) Syria (Jan-Dec) Turkey (Sep-) ,057 1,200 1,200 North Africa 2,488 2,645 2, ,250 1,325 1,714 1,775 1,825 Egypt (Oct-Sep) ,638 1,650 1,700 Other 34,217 3,660 3,997 2,962 2,116 2,246 16,061 1,413 1,762 World Total 57,076 54,128 57,900 8,018 8,682 8,929 93,222 94, ,452

14 Table 11: Palm Oil: World Supply and Distribution Thousand Metric Tons 2009/ /11 Jul Indonesia 22,000 23,600 26,200 28,500 31,000 31,000 Malaysia 17,763 18,211 18,202 19,000 19,000 19,000 Thailand 1,287 1,832 1,892 2,000 2,100 2,100 Colombia ,000 1,000 Nigeria Other 3,292 3,506 3,803 3,938 4,047 4,064 Total 45,994 48,752 51,888 55,308 58,077 58,094 India 6,603 6,661 7,473 8,500 9,000 9,000 China 5,760 5,711 5,841 6,500 6,600 6,600 European Union 5,438 4,932 5,618 5,800 5,800 5,800 Pakistan 1,989 2,064 2,218 2,260 2,450 2,450 Malaysia 1,283 1,593 1,850 1,645 1,675 1,675 Egypt 1,174 1,277 1,204 1,075 1,200 1,200 United States ,032 1,247 1,066 1,111 Bangladesh ,050 1,100 1,100 Singapore Iran Other 10,038 10,789 11,052 11,500 11,836 11,836 Total 35,213 36,293 38,736 40,982 42,217 42,262 Exports Indonesia 16,573 16,423 18,452 20,100 21,000 21,000 Malaysia 15,530 16,596 16,600 17,200 17,200 17,200 Papua New Guinea Thailand United Arab Emirates Other 2,424 2,484 2,719 2,840 2,915 2,915 Total 35,512 36,862 39,033 41,590 42,675 42,675 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 6,300 6,579 6,579 European Union 5,210 4,813 5,530 5,575 5,585 5,585 Malaysia 3,103 3,220 3,058 3,113 3,205 3,205 Pakistan 1,957 2,077 2,110 2,215 2,405 2,405 Thailand 1,255 1,457 1,563 1,583 1,595 1,595 Nigeria 1,252 1,267 1,285 1,375 1,405 1,405 Egypt 1,080 1,180 1,185 1,190 1,215 1,215 United States ,043 1,188 1,059 1,104 Bangladesh ,030 1,059 1,100 1,100 Colombia Singapore Russia Iran Other 9,520 10,046 10,579 10,895 11,166 11,166 Total 45,095 47,795 50,618 53,563 55,974 56,019 Ending Indonesia ,445 2,031 3,531 3,531 Malaysia 1,868 1,856 2,250 2,582 2,852 2,852 India China European Union Other 1,801 1,961 1,909 1,759 1,577 1,710 Total 5,521 5,909 6,882 8,019 9,548 9,681

15 Table 12: Rapeseed and Products: World Supply and Distribution Thousand Metric Tons Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed Marketing Year China (Oct-Sep) 10,122 10,564 10,187 5,725 5,974 5,761 13,426 14,000 14,200 India (Oct-Sep) 3,645 3,645 3,670 2,310 2,310 2,330 6,200 6,800 7,000 Canada (-Jul) 3,870 3,720 3,880 3,127 2,930 3,068 14,608 13,310 15,300 Japan (Oct-Sep) 1,296 1,325 1,313 1,000 1,015 1, European Union (Jul-Jun) 12,441 13,057 13,051 8,980 9,424 9,421 19,226 19,161 20,500 Other 4,507 4,341 4,737 3,137 3,002 3,278 7,711 9,003 9,438 World Total 35,881 36,652 36,838 24,279 24,655 24,870 61,172 62,275 66,439 China (Oct-Sep) ,036 1,400 1,100 2,622 2,900 2,500 India (Oct-Sep) Canada (-Jul) Japan (Oct-Sep) ,350 2,380 2,450 European Union (Jul-Jun) ,762 3,400 3,300 Other 4,152 4,518 4,479 2,139 1,842 1,979 4,361 3,231 3,832 World Total 5,071 5,058 4,934 3,999 3,682 3,514 13,192 12,061 12,232 Exports China (Oct-Sep) India (Oct-Sep) 1, Canada (-Jul) 3,310 3,300 3,280 2,676 2,500 2,500 8,701 7,150 7,500 Japan (Oct-Sep) European Union (Jul-Jun) Other , ,039 4,074 4,652 4,971 World Total 5,431 5,375 5,352 3,957 3,863 3,852 12,915 11,902 12,671 China (Oct-Sep) 10,737 10,514 10,187 6,255 6,267 6,575 16,650 17,400 16,800 India (Oct-Sep) 2,650 2,745 2,770 2,433 2,425 2,440 6,825 6,900 6,975 Canada (-Jul) ,495 6,775 7,338 Japan (Oct-Sep) 1,309 1,397 1,405 1,015 1,015 1,021 2,372 2,405 2,400 European Union (Jul-Jun) 12,367 13,202 13,020 9,307 9,285 9,255 22,498 23,535 23,530 Other 7,840 8,201 8,377 4,206 3,977 4,184 7,956 7,771 8,347 World Total 35,443 36,589 36,319 23,787 23,529 24,060 63,796 64,786 65,390 Ending China (Oct-Sep) ,933 2, India (Oct-Sep) Canada (-Jul) Japan (Oct-Sep) European Union (Jul-Jun) ,193 1,119 1,189 Other World Total ,704 2,649 3,121 4,866 2,514 3,124 8/13/2013 4:16:59 PM

16 Table 13: Sunflowerseed and Products World Supply and Distribution Thousand Metric Tons Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed Marketing Year Argentina (Mar-Feb) 3,341 3,100 3,400 1,621 1,310 1,470 1,565 1,260 1,380 Russia (Sep-) 9,627 7,959 8,900 3,199 2,808 2,945 3,552 3,117 3,269 Turkey (Sep-) 925 1,075 1, Ukraine (Sep-) 10,500 9,000 10,400 4,361 3,841 4,232 4,347 3,815 4,203 European Union (Oct-Sep) 8,456 6,970 8,000 3,798 3,546 3,783 2,937 2,740 2,925 Other 7,791 8,207 8,238 2,496 2,695 2,714 2,220 2,343 2,374 World Total 40,640 36,311 40,338 16,115 14,860 15,919 15,339 14,014 15,019 Argentina (Mar-Feb) Russia (Sep-) Turkey (Sep-) Ukraine (Sep-) European Union (Oct-Sep) ,858 3,833 3, ,100 1,230 Other ,478 1,307 1,387 3,964 3,649 3,942 World Total 1,631 1,191 1,452 6,076 5,695 5,972 5,620 5,464 5,887 Exports Argentina (Mar-Feb) Russia (Sep-) ,681 1,350 1,350 1,427 1,100 1,150 Turkey (Sep-) Ukraine (Sep-) ,837 3,550 3,770 3,263 3,400 3,680 European Union (Oct-Sep) Other World Total 1,981 1,207 1,580 6,801 5,873 6,230 6,417 6,037 6,613 Argentina (Mar-Feb) 3,785 3,030 3, Russia (Sep-) 9,345 8,050 8,560 1,545 1,479 1,575 2,100 2,090 2,140 Turkey (Sep-) 1,687 1,737 2,040 1,285 1,302 1, ,100 Ukraine (Sep-) 10,410 9,140 10, European Union (Oct-Sep) 7,784 7,209 7,671 7,208 7,782 7,675 3,698 3,693 3,788 Other 7,632 8,117 8,169 3,617 3,771 3,837 5,307 5,665 5,902 World Total 40,643 37,283 39,800 14,876 15,485 15,654 13,098 13,559 14,067 Ending Argentina (Mar-Feb) Russia (Sep-) Turkey (Sep-) Ukraine (Sep-) European Union (Oct-Sep) Other World Total 2,277 1,289 1,699 1, ,664 2,546 2,772

17 Table 14: Minor Vegetable Oil Supply and Distribution Thousand Metric Tons Oil, Peanut Oil, Cottonseed Oil, Olive Marketing Year China (Oct-Sep) 2,532 2,646 2,710 1,476 1,566 1,513 India (May-Apr) 1,160 1,180 1,125 1,210 1,220 1,253 Turkey (Nov-Oct) United States (-Jul) European Union (Oct-Sep) ,450 1,900 2,500 Other 1,516 1,566 1,651 2,036 1,933 1, World Total 5,312 5,506 5,578 5,260 5,276 5,197 3,236 2,669 3,275 China (Oct-Sep) India (May-Apr) Turkey (Nov-Oct) United States (-Jul) European Union (Oct-Sep) Other World Total Exports China (Oct-Sep) India (May-Apr) Turkey (Nov-Oct) United States (-Jul) European Union (Oct-Sep) Other World Total China (Oct-Sep) 2,585 2,709 2,760 1,475 1,563 1,511 India (May-Apr) 1,185 1,189 1,120 1,227 1,238 1,260 Turkey (Nov-Oct) United States (-Jul) European Union (Oct-Sep) ,021 1,820 1,950 Other 1,397 1,435 1,494 2,014 1,972 1, World Total 5,347 5,514 5,560 5,165 5,236 5,132 3,066 2,872 3,045 Ending China (Oct-Sep) India (May-Apr) Turkey (Nov-Oct) United States (-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 Protien 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 ust.

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.