Grain: World Markets and Trade

United States Department of Agriculture Foreign Agricultural Service Circular Series FG 1-6 January 26 Grain: World Markets and Trade Larger Harvests Boost Australian Grain Exports MMT 4 Total Grain Production Rises Marketing Year Exports Estimated To Climb (4/ to /6 Increase) MMT 2 Wheat 3 3 1. 1 Barley 2 1. Rice Sorghum 1 /1 2/3 3/4 4/ /6 After a third year of strong production and large stocks, Australia s grain exports are expected to surge. For wheat, total supply is forecast at a record level (the result of both large carry-in stocks and a bigger harvest), and marketing year exports are consequently forecast to grow by nearly 2 million tons. Stocks could continue to rise, however, because weaker global demand and reduced buying from key markets such as China and Iraq will likely limit export growth. For barley, slightly higher production and strong world demand is expected to boost exports. Australia will remain the world s largest exporter, accounting for an estimated one-third of world trade (compared to a quarter last year). For rice, with a huge rebound in its crop, exports are forecast to grow more than four times the previous year s level, exerting downward pressure on medium grain rice prices and increasing Australia s competitiveness, vis-à-vis U.S. rice, in certain markets in the Middle East and Oceania. Approved by the World Agricultural Outlook Board - USDA

TABLE OF CONTENTS Summary Table All Grain Summary...3 World Markets and Trade: Commentary and Current Data Wheat...4 Rice...9 Coarse Grains... 14 Historical Data Series for Selected Regions and Countries...34 Endnotes to Grain: World Markets and Trade...49 2 Grain: World Markets and Trade, January 26

ALL GRAIN SUMMARY PRODUCTION, CONSUMPTION, STOCKS, AND TRADE TOTAL FOREIGN COUNTRIES, USA, AND TOTAL WORLD (MILLION METRIC TONS) 21/2 22/3 23/4 24/ 24/ /6 WHEAT 9-Dec 12-Jan 9-Dec All Foreign Countries Production 28.1 24. 49.8 67.9 67.9 8.2 Consumption 2.8 73.6 6. 76.8 76.8 89.7 Ending Stocks 181.3 12.7 117.4 13.4 13.4 128.9 USA Production 3. 43.7 63.8 8.7 8.7 7.1 Imports 3. 2. 1.8 1.9 1.9 2.2 Consumption 32.4 3.4 32. 31.9 31.9 32.3 Exports 26.3 22.8 32.3 28. 28. 27. Ending Stocks 21.2 13.4 14.9 14.7 14.7 14.4 World Total, Trade 11.7 19.9 14. 113. 113. 11.4 /6 12-Jan 9.1 89. 13. 7.3 2.4 32.3 27. 14.7 11.6 RICE All Foreign Countries Production 392.4 37.9 38. 394.7 394.7 399.8 Consumption 46.2 43. 412. 411. 411.2 49.9 USA Production 6.7 6. 6.4 7.4 7. 7. Imports.4...4.4. Consumption 3.9 3. 3.7 3.8 3.9 4. Exports 3.3 3.8 3.1 3.8 3.9 3.8 World Total, Trade 27.8 27.6 27.1 27.8 28.3.4 399.8 49.8 7.1.4 4. 3.7 26.1 TOTAL COARSE GRAINS All Foreign Countries Production 63.1 629.8 637.8 688.8 688.8 67.1 Consumption 688.7 68.7 716.2 73. 73.3 733.6 USA Production 261.7 243.7 27.1 319. 319.4 296.6 Imports 2.4 2. 2.2 2.2 2.2 2.2 Consumption 216.8 214.7 226. 24.4 24.3 238.1 Exports 4. 46.4 4.1.. 3.3 Ending Stocks 4. 3.9 28.8 8.8 8.8 6.8 World Total, Trade 12.7 14.3 12.6 11.7 11.4 1.7 69.7 73. 298.7 2.2 24.7 2.3 66.7 1.2 GRAIN, INCLUDING RICE All Foreign Countries Production 1,.6 1,24.8 1,13. 1,61.3 1,61.4 1,61.1 Consumption 1,647.7 1,662.3 1,684.2 1,718.8 1,718.3 1,733.2 USA Production 321.4 294. 34.3 38.6 38.6 36.7 Imports.8. 4. 4.6 4.6 4.9 Exports 83. 73.1 89. 82.8 82.9 84.6 World Total, Trade 241.2 241.7 234.3 242.4 242.7 236. 1,618.7 1,729.3 363.1. 83. 236.9 Trade data are reported on an international year basis. All other data are reported using marketing years. Rice production data is on a milled basis. 3 January 26

F A S/ G & F D WORLD MARKETS AND TRADE: COMMENTARY AND CURRENT DATA WHEAT: WORLD MARKETS AND TRADE MONTHLY HIGHLIGHTS: U.S. Imports From Canada Expected To Climb: U.S. imports of Hard Red Spring (HRS) from Canada are expected to jump from last year s low of 8, tons, after recent ITC and NAFTA rulings to remove import duties that had been in place since the spring of 23; HRS imports had been as high as 1.4 MMT. MMT 1.4 1.2 1 U.S. HRS Imports From Canada (grain only) When similar U.S. duties on durum wheat were removed in late 23, durum imports quickly returned to previous higher levels. Total U.S. imports are consequently raised this month by 2, tons to 2.4 million tons. U.S. Winter Wheat Area Up: U.S. winter wheat seeding area is projected to increase 2 percent mostly due to better planting and germinating conditions for Soft Red Winter (SRW), which is up 19 percent from last year. Hard Red Winter seedings are down 1 percent from last year. However, some key states actually expanded acreage because of concerns over high costs of fuel and fertilizer for springplanted crops. PRICES: Domestic: Prices for winter wheat classes rose in December on deteriorating crop conditions, especially in southern HRW belt states where there has been continued dryness. Mil. Acres 4 4 3 3.8.6.4.2 /1 2/3 4/ U.S. Winter Wheat Seedings 94 96 98 2 4 6 Source: NASS 4 Grain: World Markets and Trade, January 26

For the month, HRW prices were up $6 per ton, with SRW up $11 per ton and Soft White up $1 per ton. HRS prices finished the month unchanged. U.S. Weekly FOB Export Bids 2 19 18 17 $/MT 16 1 14 13 12 1/28 11/4 11/11 11/18 11/ 12/2 12/9 12/16 12/23 12/3 U.S. No.1 HRW 11% (Gulf) U.S. No.2 SRW (Gulf) U.S. No.1 SWW (PNW) US No.1 DNS 14% (PNW) TRADE CHANGES IN /26 Selected Exporters Paraguay is up 1, tons to 3, with continued strong exports to Brazil. Bulgaria is up 1, tons to 8, because of strong shipments to nearby markets. Selected Importers United States is up 2, tons to 2.4 million on expectations for larger imports of spring wheat from Canada following the removal of duties. Grain: World Markets and Trade, January 26

WORLD WHEAT, FLOUR, AND PRODUCTS TRADE JULY/JUNE YEAR THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 /6 9-Dec 12-Jan 9-Dec 12-Jan EXPORTS Argentina 11,671 6,276 7,346 13,2 13,2 7, 7, Australia 16,494 1,946 1,96 1,826 1,826 16, 16, Canada 16,78 9,393 1,26 1,142 1,142 16, 16, India 3,234,3,4 1,6 1,6 Kazakhstan 3,977 6,238 4,11 2,7 2,7 3, 3, Russia 4,372 12,621 3,114 7,91 7,91 1, 1, Syria 3 8 1,2 7 7 7 7 Turkey 8 839 84 2,217 2,217 2, 2, Ukraine,486 6,69 66 4,31 4,31,, EU- 14,232 19,94 1,931 14,367 14,367 14, 14, Other Europe 1,872 1,67 166 1,29 1,29 1,31 1,41 Others, 6,442 8,39 4,86 4,86 4,86 4,96 Subtotal 84,479 87,71 72,224 84,16 84,16 82,87 83,7 United States 26,27 22,834 32,29 28,464 28,464 27, 27, 11,749 19,9 14,19 112,98 112,98 11,37 11,7 IMPORTS Algeria 4,72 6,79 3,933,398,398,, Bangladesh 1,6 1,33 1,94 2,9 2,9 2,1 2,1 Bolivia 462 36 271 376 376 4 4 Brazil 7,22 6,631,9,39,39 6, 6, Chile 433 421 442 321 321 China 1,92 418 3,749 6,747 6,747 2, 2, Colombia 1,161 1,166 1,246 1,248 1,248 1,3 1,3 Cuba 1,4 819 727 836 836 8 8 Ecuador 431 347 14 416 416 4 4 Egypt 6,944 6,327 7,29 8,1 8,1 7, 7, Ethiopia 4 611 782 431 431 7 7 India 33 19 8 2 2 1, 1, Indonesia 3,677 3,984 4,3 4,661 4,661 4,6 4,6 Iran,86 1,61 246 2 2 2 2 Iraq 2,81 1,79 1,9 3,1 3,1 3,8 3,8 Israel 1,3 1,691 91 1,49 1,49 1,6 1,6 Japan,836,79,71,744,744,7,7 Jordan 72 1,147 9 718 718 7 7 Kenya 633 66 419 474 474 Korea, North 3 4 4 4 4 4 4 Korea, South 3,979 4,2 3,434 3,91 3,91 3,9 3,9 Libya 1,623 1,421 1,7 1,8 1,8 1, 1, Malaysia 1,268 1,19 1,329 1,412 1,412 1,3 1,3 Mexico 3,171 3,161 3,644 3,717 3,717 3,6 3,6 Morocco 3,7 2,72 2,414 2,272 2,272 2,9 2,9 Nigeria 2,446 2,34 2,383 3,14 3,14 3,9 3,9 Pakistan 181 47 1,416 1,416 8 8 Peru 1,421 1,17 1,488 1,449 1,449 1, 1, Philippines 2,922 3,23 2,97 2,93 2,93 2,6 2,6 Russia 629 1,4 1,26 1,197 1,197 1, 1, South Africa 61 1,24 911 1,47 1,47 1,3 1,3 Sri Lanka 81 1,19 886 1,163 1,163 1, 1, Sudan 92 86 99 1, 1, 1,1 1,1 Taiwan 1,26 1,3 1,216 1,146 1,146 1,1 1,1 Thailand 967 89 1,3 1,1 1,1 1,1 1,1 Tunisia 1,261 2,167 781 1,79 1,79 1,2 1,2 Turkey 1,88 1,217 1,6 UAE 1,149 1,1 1,13 1,213 1,213 1,2 1,2 Uzbekistan 481 4 229 2 2 2 2 Venezuela 1,39 961 1,38 1,4 1,4 1,6 1,6 Vietnam 916 87 83 1,226 1,226 1,2 1,2 Yemen 1,761 1,772 1,63 1,83 1,83 1,9 1,9 EU- 1,716 13,921,912 7,2 7,2 7,2 7,2 Other Europe 1,928 1,921 4,214 1,77 1,77 1,8 1,8 United States 2,93 1,98 1,76 1,946 1,946 2,2 2,4 Subtotal 9,226 92,449 8,441 94,998 94,998 93,47 93,67 Other Countries 13,86 1,232 16,41 1,66 1,66 14,11 14,11 Unaccounted 1,717 2,224 2,663 2,916 2,916 2,79 2,79 11,749 19,9 14,19 112,98 112,98 11,37 11,7 6 January 26

WORLD WHEAT PRODUCTION, CONSUMPTION, AND STOCKS LOCAL MARKETING YEARS THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 9-Dec 12-Jan 9-Dec PRODUCTION Algeria 2,1 1,2 2,97 2,62 2,62 1, Argentina 1, 12,3 14, 16, 16, 12,1 Australia 24,299 1,132 26,132 22,6 22,6 24, Brazil 3, 2,9,81,84,84 4,6 Canada 2,68 16,198 23,2,86,86 26,8 China 93,873 9,29 86,49 91,9 91,9 96, India 69,68 71,81 6,1 72,6 72,6 72, Iran 9, 12,4 13, 14, 14, 14, Kazakhstan 12,7 12,6 11, 9,9 9,9 11, Mexico 3,27 3,23 2,7 2,32 2,32 3, Morocco 3,316 3,37,147,4,4 3,43 Pakistan 19,23 18,226 19,192 19, 19, 21, Russia 46,9, 34,1 4,3 4,3 48, Tunisia 1,12 42 1,6 1,722 1,722 1,4 Turkey 1, 16,8 16,8 18, 18, 18, Ukraine 21,349 2,6 3,6 17, 17, 19, EU- 113,3 124,83 16,878 136,761 136,773 122,21 Other Europe 14,66 12,66 7,49 1,48 1,48 12,76 Others 38,63 43,148 44,172 44,973 44,973 46,449 Subtotal 28,13 23,984 49,779 67,891 67,93 8,223 /6 12-Jan 1, 12,1 24, 4,6 26,8 97, 72, 14, 11, 3, 3,43 21, 47,6 1,4 18, 19, 122,84 13,26 46,449 9,147 United States 3,1 43,7 63,814 8,738 8,738 7,16 7,28 CONSUMPTION 81,131 67,689 4,93 626,629 626,641 61,329 Algeria Australia Brazil Canada China Egypt India Iran Japan Morocco Pakistan Russia Turkey Ukraine EU- Other Europe Others Subtotal United States ENDING STOCKS 6,372,427 1,2 7,66 18,742 12,7 6,1 14,8,991 6,1 19,8 38,78 16,1 13,4 11,1 13,97 98,37 2,78 32,434 8,192 6,6 6,178 9,89 8,181 1,2 12,8 74,294 14,3 6,4 6,22 18,38 39,32 17, 14, 118,1 13,14 12,973 73,9 3,448 64,38 6,8,96 9,8 7,637 14, 13,3 68,8 14,3 6,4 6,4 18,9 3, 17, 9, 17,9 12,87 111,787,973 32,7 88,48 7, 6,4 1,2 9,23 12, 14, 72,76 14,2 6, 6,9 19, 37,4 17, 11,7 11, 14,18 112,889 76,837 31,91 68,747 7, 6,4 1,2 9,23 12, 14, 72,76 14,2 6, 6,9 19, 37,4 17, 11,7 11, 14,18 112,889 76,837 31,91 68,747 7,6 6,6 1,8 9,2 11, 14,4 73, 14,1,98 7,1 2,3 38,8 17, 13,3 119 13,83 117,234 89,749 32,332 622,81 Australia Canada China India Russia Ukraine EU- Others Subtotal United States 8,48 6,729 76,88 23, 6,479 2,9 1,933 41,76 181,38 21,1 22,48 3,142,7 6,378 1,7 6,133 3,2 16,644 41,761 12,73 13,374 166,19,36 6,8 43,293 6,9 2,64 1,126 1,63 41,343 117,3 14,872 132,222 6,893 7,992 38,819 4,1 3,791 2,6,197 4,988 13,4 14,699 1,14 6,893 7,992 38,819 4,1 3,791 2,6,29 4,988 13,417 14,699 1,116 7,868 9,342 34,819 3,6 3,991 2,87 2,918 4, 128,918 14,434 143,32 616,427 7,6 6,6 1,8 9,2 11, 14,4 73, 14,1,98 7,1 2,3 38,4 17, 13,3 119, 13,93 117,298 89,13 32,331 621,844 7,868 9,342 3,819 3,6 3,991 2,87 21,4 4, 129,94 14,74 144,699 7 January 26

REGIONAL WHEAT IMPORTS, PRODUCTION, CONSUMPTION, AND STOCKS THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 9-Dec 12-Jan 9-Dec IMPORTS North America 6,43,1,63,91,91 6, Latin America 16,226 14,49 14,46 14,37 14,37 1,4 EU- 1,716 13,921,912 7,2 7,2 7,2 Other Europe 1,928 1,921 4,214 1,77 1,77 1,8 Former Soviet Union 3,81 4,61 7,26 4,87 4,87 3,94 Middle East 1,923 11,7 8,834 1,347 1,347 11,2 North Africa 17,47 18,714 1,48 18,47 18,47 18,6 Sub-Saharan Africa 8,888 9,63 9,713 12,69 12,69 12,1 East Asia 13,61 12,236 1,32 18,37 18,37 13,8 South Asia 3,7 3,69 3,8 4,838 4,838,3 Southeast Asia 1,218 1,663 11,291 11,49 11,49 11,3 Oceania 62 896 648 74 74 68 PRODUCTION North America 76,839 63,133 9,66 86,918 86,918 86,96 Latin America 21,428 17,94 23,633,99,99 19,62 EU- 113,3 124,83 16,878 136,761 136,773 122,21 Other Europe 14,66 12,66 7,49 1,48 1,48 12,76 Former Soviet Union 91,294 96,949 6,91 86,43 86,43 92,8 Middle East 32,19 37,991 39,486 4,963 4,963 41,92 North Africa 12,71 11,74 16,28 16,619 16,619 12,918 Sub-Saharan Africa,492,16 4,36,2,2 4,817 East Asia 94,9 91,468 87,7 93,193 93,193 97,7 South Asia 92,98 9,32 9,97 97,16 97,16 99,27 Southeast Asia 1 96 17 14 14 14 Oceania 24,664 1,487 26,472 22,94 22,94 24,34 CONSUMPTION North America 4,818 44,29 46,44 47,14 47,14 47,632 Latin America 26,384,3 26,446 27,17 27,17 27,888 EU- 11,1 118,1 17,9 11, 11, 119, Other Europe 13,97 13,14 12,87 14,18 14,18 13,83 Former Soviet Union 7,222 7,3 6,874 72,7 72,7 76,4 Middle East 46,9 46,91 46,929 48,77 48,77 49,18 North Africa 29,37 29,666 3,82 32,633 32,633 33,3 Sub-Saharan Africa 13,867 13,869 14,612 16,449 16,449 17,12 East Asia 12,99 117,77 116,39 114,61 114,61 113,3 South Asia 92,69 11,4 96,791 11,7 11,7 12,74 Southeast Asia 1,23 1,44 1,438 11,1 11,1 11,17 Oceania 6,24 7,78 6,826 7,32 7,32 7, ENDING STOCKS North America 28,73 19,849 21,69 22,967 22,967 24,2 Latin America 3,11 3,38 3,247 3,398 3,398 2,64 EU- 1,933 16,644 1,63,197,29 2,918 Other Europe 3,98 3,39 2,63 3,843 3,843 3,283 Former Soviet Union 16,2 16,48 1,986 14,111 14,111 1,626 Middle East 12,134 13,17 12,87 11,324 11,324 11,99 North Africa,68,99 7,467 9,642 9,642 7,6 Sub-Saharan Africa 1,97 1,8 1,18 1,42 1,42 1,22 East Asia 79,68 63,218 46,249 41,934 41,934 38,26 South Asia 26,291 17,48 8,942 6,878 6,878 7,878 Southeast Asia 1,63 1,72 2,14 2,189 2,189 1,999 Oceania 8,248 3,386,63 7,21 7,21 8,176 /6 12-Jan 6, 1,4 7,2 1,8 3,94 11,2 18,6 12,1 13,8,3 11,3 68 87,8 19,62 122,84 13,26 91,9 41,92 12,918 4,817 98,7 99,27 14 24,34 47,631 27,888 119, 13,93 7,64 49,18 33,3 17,12 113,3 12,74 11,17 7, 24,363 2,4 21,4 3,83 1,126 11,99 7,6 1,22 39,26 7,878 1,999 8,176 NOTES: Regional definitions appear on last page of this circular. Imports are reported on an international year basis. All other data are reported using marketing years. 8 January 26

RICE: WORLD MARKETS AND TRADE PRICES: International: Thai prices jumped $12 this month, with quotes currently at $296 per ton, FOB. While domestic prices continue to be supported by the mortgage scheme, most of the increase is because of currency fluctuations. Vietnam prices are currently quoted at $263 per ton, FOB. Although the soft export ban has reportedly been lifted, there are indications that limitations are still in place through the month of January. Domestic: U.S. long grain prices have strengthened over the past month, up $16, with #2/4 currently quoted at $31 per ton, FOB. This brings the price spread between Thai and U.S. rice to $ per ton. Meanwhile, U.S. medium grain prices have stabilized; current quotes for U.S. #1/4 are $1 per ton, FOB. TRADE CHANGES IN 26 Selected Exporters Australia is further increased 1, tons to, due to larger exportable supplies. With a new parboiled rice mill, China is raised 1, tons to 7,. Continuing the extraordinary export pace of, Pakistan is boosted 6, tons to a record 2.8 million. The United States is reduced 1, tons to 3.7 million due to reduced competitiveness resulting from higher prices. Selected Importers Philippines is boosted 7, to 1.8 million tons in response to indications of unusually strong first and second quarter import demand. TRADE CHANGES IN Selected Exporters Burma is raised, tons to 17, considering the stronger pace to date. Pakistan is up 3, tons to 2.6 million due to robust exports to Africa. With enhanced shipments to select African and Middle East markets, Uruguay is increased 1, tons to 7, despite reduced shipments to Brazil. Grain: World Markets and Trade, January 26 9

Selected Importers China is raised 1, tons to 6, based on stronger than anticipated import demand for fragrant rice. Cuba is dropped, tons to 8, due to weaker fourth quarter import demand. With stronger imports from Egypt and the United States, Jordan is increased, tons to 1,. Nicaragua is raised 4, tons to 1, due to heavy shipments from the United States. Peru is boosted to a record 14, tons because of continued import demand from Uruguay and the United States. Sub-Saharan Africa is increased 2, tons to a record 8.2 million tons, with most of the increase in Ghana, Mozambique, and Senegal. 1 Grain: World Markets and Trade, January 26

WORLD RICE TRADE JANUARY/DECEMBER YEAR THOUSAND METRIC TONS EXPORTS Argentina Australia Burma China Egypt India Pakistan Thailand Uruguay Vietnam EU- Others Subtotal 22 23 24 9-Dec 224 17 249 3 366 141 131 1 1,2 388 13 1 1,963 2,83 88 7 468 79 826 1,1 6,6 4,421 3,172 4, 1,63 1,98 1,986 2,3 7,24 7,2 1,137 7, 26 67 84 6 3,24 3,79 4,29,1 39 22 187 17 867 1,234 1,229 1,16 24,18 23,716 24,26 23,966 12-Jan 3 1 17 7 1,1 4, 2,6 7, 7,1 17 1,16 24,391 26 9-Dec 4 4 1 6 1, 3, 2,2 7, 7 4, 17 1,11 21,636 26 12-Jan 4 1 7 1, 3, 2,8 7, 7 4, 17 1,11 22,436 United States 3,29 3,834 3,9 3,8 3,9 3,8 3,7 27,813 27, 27,116 27,766 28,291,436 26,136 IMPORTS Bangladesh Brazil Canada China Colombia Costa Rica Cote d'ivoire Cuba El Salvador Ghana Guinea Haiti Honduras Indonesia Iran Iraq Jamaica & Dep Japan Korea, North Korea, South Malaysia Mexico Nigeria Nicaragua Peru Philippines Russia Saudi Arabia Senegal Singapore South Africa Sri Lanka Syria Taiwan Turkey Uzbekistan UAE Yemen EU- Other Europe United States 313 1,112 81 8 4 1,63 762 229 242 28 34 8 1,122 31 7 8 88 9 136 14 716 7 7 8 38 371 639 8 8 74 1 7 3 37 4 4 3 3 3 3 3 34 269 3 1 88 12 1 3, 2,7 6 964 9 9 9 1,178 672 889 8 3 1 3 616 64 76 6 64 633 46 6 136 179 188 12 48 7 7 3 82 21 1,897 1,448 1,369 1,7 17 12 19 11 33 32 88 11 1, 1,3 1,1 1,9 46 38 3 3 938 1,1 1, 1, 88 7 8 1,1 38 37 346 37 8 7 818 8 8 29 21 1 24 19 2 16 13 18 1 342 32 11 3 6 8 8 8 8 21 27 1,173 9 1,79 1, 238 29 23 22 42 48 477 41 8 6 14 8 8 7 4 3 3 1 9 8 7 6 12 7 1,7 1 14 1,9 3 1, 1,1 37 8 1 1 3 8 1, 22 4 7 6 1 7 7 7 3 3 3 1 8 9 1,2 6 47 6 6 1, 12 7 1,1 37 1, 7 37 7 1 1 17 8 97 22 4 7 6 1 7 7 7 3 3 3 1 8 9 1,2 6 47 6 6 1, 12 7 1,8 37 1, 7 37 7 1 1 17 8 97 22 4 Subtotal 21,96 21,14 2,274 2,4 2,8 19,39 2,7 Other Countries Unaccounted 4,344 4,61,1,32 1,873 1,921 1,737 1,869,32 1,94 4,486 1, 4,26 1,4 27,813 27, 27,116 27,766 28,291,436 26,136 11 January 26

WORLD RICE PRODUCTION, CONSUMPTION, AND STOCKS LOCAL MARKETING YEARS THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 /6 MILLED 9-Dec 12-Jan 9-Dec 12-Jan PRODUCTION Australia 888 313 39 231 231 71 71 Bangladesh 24,31,187 26,12,9,9 26,7 26,7 Brazil 7,67 7, 8,79 8,976 8,976 7,8 7,8 Burma 1,44 1,788 1,73 9,7 9,7 1,44 1,44 China 124,36 122,18 112,462 1,363 1,363 127,4 127,4 Egypt 3,7 3,7 3,9 4,128 4,16 4,193 4,2 India 93,34 71,82 88,28 8,31 8,31 8, 8, Indonesia 32,96 33,411 3,24 34, 34, 34,9 34,9 Japan 8,242 8,89 7,91 7,944 7,944 8, 8, Korea, South,1 4,927 4,41,, 4,7 4,768 Pakistan 3,882 4,479 4,848,2,2,4,4 Philippines 8,4 8,4 9,2 9,44 9,44 9, 9, Taiwan 1,24 1,271 1,164 1,11 1,11 1, 1, Thailand 17,499 17,198 18,11 17,7 17,7 17,9 17,9 Vietnam 21,36 21,27 22,82 22,627 22,627 22, 22, EU- 1,632 1,731 1,728 1,864 1,864 1,741 1,798 Others 27,971 28,89 3,73 3,97 3,97 31,87 31,742 Subtotal 392,38 37,93 384,962 394,666 394,698 399,821 399,788 United States 6,714 6,36 6,42 7,4 7,4 7,9 7,88 399,72 377,471 391,382 42,71 42,13 46,83 46,876 CONSUMPTION Australia 378 38 38 38 38 38 38 Bangladesh,3 26,1 26,7 26,9 26,9 27, 27, Brazil 8,3 8,1 8,687 9,1 9,1 9,21 9,21 Burma 9,9 1,1 1,2 1,3 1,3 1,4 1,4 China 134,81 134,8 13, 13,1 13,1 13,2 13,2 Egypt 3,1 3,2 3,2 3, 3, 3,3 3,3 India 87,611 79,86 8,38 83,11 83,11 81, 81, Indonesia 36,382 36, 36, 3,8 3,8 3,6 3,6 Iran 3, 3,7 3,1 3,1 3,1 3,1 3,1 Japan 8,779 8,742 8,37 8,3 8,3 8, 8, Korea, North 2,4 2,83 1,9 2,14 2,14 2,1 2,1 Korea, South,1,33 4,637 4,741 4,771 4,663 4,663 Pakistan 2,63 2,64 2,7 2,7 2,6 2,8 2,66 Philippines 9,4 9, 1, 1,4 1,4 1,6 1,6 South Africa 6 6 7 7 7 8 8 Taiwan 1,1 1,1 1,1 1,1 1,1 1,1 1,1 Thailand 9,4 9,46 9,47 9,48 9,48 9,49 9,49 Vietnam 17, 17, 18, 18, 18, 19, 19, EU- 2,444 2,97 2,9 2,29 2,29 2, 2, Others 39,26 41,41 43,63 43,781 43,6 42,994 43,6 Subtotal 46,218 42,976 412,23 411,12 411,222 49,862 49,793 United States 3,8 3,34 3,66 3,836 3,886 4,2 4,49 41,68 46,1 41,679 41,348 41,18 413,882 413,842 ENDING STOCKS Australia 766 637 6 396 396 491 391 Brazil 38 86 1,342 1,67 1,67 732 732 Burma 929 1,229 1,629 749 724 639 614 China 82,169 67,224 44,928 34,991 3,91 27,191 27,191 Egypt 894 87 719 627 29 2 429 India 24,48 11, 1,8 8, 8, 9, 9, Indonesia 4,683 4,344 4,18 2,918 2,918 3,18 3,18 Korea, South 1,66 1, 821 1,3 973 1,36 1,33 Pakistan 23 4 243 213 18 63 68 Philippines 3,47 3,87 4,47 4,92 4,92 4,742,392 Thailand 3,116 3,32 1,76 2,46 2,46 3,46 3,46 Vietnam 3,793 4,6 4,12 3,479 3,479 2,79 2,79 Others 12,94 12,81 12,2 12, 12,8 11,91 12,168 Subtotal 138,144 19,492 8,263 71,668 71,86 6,24 6,268 United States 1,216 829 761 1,29 1,29 81 83 139,36 11,321 86,24 72,877 73,69 6,8 66,13 12 January 26

Notes: All data are reported on a milled basis. REGIONAL RICE IMPORTS, PRODUCTION, CONSUMPTION, AND STOCKS THOUSAND METRIC TONS 22 23 24 26 9-Dec 12-Jan 9-Dec IMPORTS North America 1,179 1,282 1,283 1,21 1, 1,3 Latin America 2,147 2,68 2,68 2,69 2,73 2,68 EU- 1,173 9 1,79 1, 1, 97 Other Europe 238 29 23 22 22 22 Former Soviet Union 61 4 26 26 26 1 Middle East 4,329 3,97 4,1 4,3 4,37 4,33 North Africa 243 238 2 2 Sub-Saharan Africa 7,397 6,91 7,4 7,936 8,161 6,7 East Asia 2,128 2,166 2,948 2,31 2,1 2,66 South Asia 76 1,381 1,226 1,16 1,16 86 Southeast Asia,721,63 3,22 3,9 3,9 3,8 Oceania 28 244 238 24 24 PRODUCTION 21/2 22/3 23/4 24/ 24/ /6 North America 6,899 6,669 6,62 7,6 7,6 7,29 Latin America 13,946 14,2 16,61 16,232 16,232 1,21 EU- 1,632 1,731 1,728 1,864 1,864 1,741 Other Europe 1 1 18 2 2 2 Former Soviet Union 64 69 846 77 77 892 Middle East 1,64 2,11 2,483 2,92 2,92 2,633 North Africa 3,616 3,746 3,941 4,169 4,21 4,234 Sub-Saharan Africa 7,27 6,992 7,32 7,861 7,861 8,3 East Asia 14,68 137,917 126,628 14,88 14,88 142,77 South Asia 126,248 16,6 124,439 121,368 121,368 122,144 Southeast Asia 9,732 96,639 1,93 98,1 98,1 1,916 Oceania 888 313 39 231 231 71 CONSUMPTION North America 4,74 4,476 4,666 4,886 4,936,9 Latin America 1,23 1,424 16,36 17,33 16,983 17,244 EU- 2,444 2,97 2,9 2,29 2,29 2, Other Europe 26 224 233 2 2 23 Former Soviet Union 1,146 1,231 1,434 1,3 1,3 1,383 Middle East 6,1 6,694 6,697 6,647 6,67 6,97 North Africa 3,384 3,429 3,491 3,41 3,41 3,66 Sub-Saharan Africa 13,26 14,14 1,16 1,88 1,88 16,1 East Asia 11,97 12,11 11,378 11,721 11,71 11,63 South Asia 121, 113,9 12,34 118,273 118,178 116,41 Southeast Asia 88,19 89,449 9,46 91,1 91,1 91,76 Oceania 28 3 3 3 3 3 ENDING STOCKS North America 1,419 998 94 1,338 1,338 9 Latin America 2,637 2,83 3,762 4,4 4,114 3,46 EU- 878 96 974 1,129 1,134 1,12 Other Europe 1 4 4 6 Former Soviet Union 339 38 191 117 117 17 Middle East 2,1 1,299 1,17 1,63 1,663 1,894 North Africa 894 87 719 627 29 2 Sub-Saharan Africa 2,177 2,696 2,291 2,4 2,17 1,683 East Asia 86,41 7,96 47,73 38,62 38,232 3,799 South Asia,21 11,643 11,797 9,242 9,187 1,236 Southeast Asia 16,373 17,7 1,822 14,164 14,139 14,914 Oceania 766 637 6 396 396 491 26 12-Jan 1,27 2,68 97 22 1 4,33 2 6,7 2,66 86 3,8 /6 7,288 1,21 1,798 2 867 2,633 4,241 8,3 142,793 122,144 1,826 71,124 17,244 2, 23 1,383 6,972 3,66 16,1 11,63 116,28 91,76 3 939 3,16 1,182 6 132 1,889 429 1,88 3,887 9,741 1,39 391 NOTES: Regional definitions appear on last page of this circular. Imports are reported on an international year basis. All other data are reported using marketing years. 13 January 26

COARSE GRAINS: WORLD MARKETS AND TRADE MONTHLY HIGHLIGHTS: Brazil Corn Series Revised: USDA has revised down its consumption series and raised its stock series beginning in 21/2, based on official information released by government agency CONAB (Companhia Nacional de Abastecimento). Because the 24/ harvest fell by 7 million 4, tons to just 3 million tons, and based on the 3, beginning stocks estimate of 4 million tons, 3, government and private forecasters foresaw, imports at 4 to 6 million tons and strong domestic prices. However, as the year 2, progressed and prices remained low with very 1, little import activity, it became evident that 1, stocks were much higher than originally, thought. Brazil Corn Data Series 21/2 22/3 23/4 24/ /6 New Feed Old Feed New E. Stocks Old E. Stocks CONAB has explained that the error was in overestimating feed consumption, particularly by the poultry sector. For example, the production cycle for broilers has been shortened by about one-third, leading to reduced feed consumption. Forecasting stocks in Brazil is a challenge due to the large number of livestock and poultry operations as well as the difficulty in measuring stocks held by small producers. (A spreadsheet showing the changes can be found on the Grain and Feed website at http://www.fas.usda.gov/grain/circular/26/1-1/graintoc.htm.) MT ' PRICES: Domestic: December export bids for #2 yellow 14 corn were up sharply by $7 to nearly $13/MT. 13 December export bids for #2 yellow sorghum (Texas Gulf) were up over $3 to $96/MT. 12 U.S. Gulf Export Bids Prices strengthened because of higher barge rates 11 and concerns over weather in South America. However, the increase was tempered by relatively 1 weak export demand. 9 $/MT TRADE CHANGES IN /26 Selected Exporters 8 Sep-3 Dec-3 Mar-4 Jun-4 Sep-4 Dec-4 Mar- Sorghum (Texas Gulf) Jun- Sep- Corn Dec- United States corn is down by 1. million tons to 47. million because of reduced foreign demand. 14 Grain: World Markets and Trade, January 26

Argentina corn is down by 2, tons to 12. million because of a reduced production forecast. Brazil corn is up by 7, tons to 1. million and imports are reduced by 3, tons to 7,, as a result of lower domestic use and higher stocks. Selected Importers Canada corn is cut by, tons again this month to 1. million, the lowest in 6 years, based on slow purchases, ample feed grain supplies, and the additional import duties imposed on U.S. corn last month. EU- corn is up by, tons to 3. million as import licenses are up 7 percent over last year. Grain: World Markets and Trade, January 26 1

WORLD COARSE GRAIN TRADE OCTOBER/SEPTEMBER YEAR THOUSAND METRIC TONS 21/2 22/3 23/4 EXPORTS Argentina 9,89 13, 1,834 Australia,323 2,472 6,72 Brazil 3,897 3,246 6,191 Canada 2,443 1,712 3,474 China 8,63 1,336 7,723 South Africa 1,23 1,19 838 Russia 2,668 3,492 1,767 Ukraine 3,827 3,42 3,811 EU- 7,69 9,736 2,342 Others 3,93 4,184 4,816 Subtotal 48,719 7,843 48,48 24/ 9-Dec 14,76,13 1,4 3,217 7,617 1,2 1,493 6,419,29 4,8 1,113 24/ 12-Jan 14,379,8 1,4 3,217 7,617 1,2 1,37 6,43,114 4,64,896 /6 9-Dec 13,21 6,17 8 3,6 6, 1, 8 6,38 4,4 4,36 47,38 /6 12-Jan 13,1 6,17 1, 3,6 6, 1, 8 6,38 4,4 4,3 47,84 United States 3,964 46,428 4,77,4,4 3,34 2,34 12,683 14,271 12,6 11,68 11,441 1,73 1,19 IMPORTS Algeria 2,4 1,696 1,788 Brazil 437 817 814 Canada 4,188 4,98 2,81 Chile 1,428 1,11 1,148 China 1,963 1,83 1,33 Colombia 2,1 2,42 2,214 Costa Rica 463 14 83 Dominican Republic 1,38 96 824 Ecuador 321 36 469 Egypt 4,931 4,867 3,747 Guatemala 84 13 13 Indonesia 1,149 1,633 1,436 Iran 1,83 2,17 2,233 Israel 1,466 1,382 2,12 Japan 19,94 2,321 19,982 Jordan 938 82 771 Korea, North 288 144 89 Korea, South 8,848 8,886 8,992 Libya 496 322 31 Malaysia 2,4 2,48 2,41 Mexico 9,4 8,766 8,873 Morocco 1,23 1,212 1,326 Peru 93 992 1,114 Russia 729 376 949 Saudi Arabia 7,268 8,926 7,22 South Africa 983 7 612 Syria 1,68 1,198 1,41 Taiwan 4,874 4,829,114 Thailand 7 6 Tunisia 1,449 1,46 883 Turkey 1,247 1,63 1,21 Venezuela 1 67 688 Zimbabwe 311 636 263 EU-,94 6,721 7,616 United States 2,41 2,43 2,241 2,1 78 2,337 1,11 2,7 2,36 69 1,1 47,32 6 3,7 1,834 19,79 9 27 8,71 6 2,4 8,996 1,97 1,27 7 7,7 26 2,1 4,68 1 1,21 3 1 1,3 3,228 2,242 2,11 768 2,333 1,22 2,6 2,16 69 1,31 41,418 641 3,683 1,74 19,79 9 27 8,714 6 2,4 8,99 1,993 1,376 727 7,7 277 2,194 4,686 1 1,231 311 16 73 3,332 2,242 2,1 1,1 2, 1,21 2,3 2,31 6 1,1 47,32 6 6 3,1 1,4 19,48 1, 8,3 2, 1,34 2,1 1,7 6 7,9 3 1,8 4,7 9 22 4 3 3,14 2,2 2,1 8 1, 1,21 2,3 2,41 6 1,1 47,32 6 6 3,1 1,3 19,48 1, 8,3 2, 1,34 2,1 1,17 6 7,9 3 1,6 4,7 9 22 4 4 3,64 2,2 Subtotal 94,928 97,412 94,124 93,491 93,83 92,84 92,4 Other Countries,692,69,898 Unaccounted 2,63 1,169 2,63 6,684 1,483 6,3 1,33,76 2,13,86 1,79 12,683 14,271 12,6 11,68 11,441 1,73 1,19 16 January 26

WORLD COARSE GRAINS PRODUCTION, CONSUMPTION, AND STOCKS LOCAL MARKETING YEARS THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 9-Dec 12-Jan 9-Dec PRODUCTION Argentina 18,7 19,44 18,96 23,92 23,92 21,298 Australia 12,247 6,62 14,861 11,6 11,6 12, Brazil 36,79 47,97 44,881 37,84 37,84 4,629 Canada 22,61 19,892 26,326 26,447 26,447,983 China 122,24 13,7 123,93 137,93 137,93 137,6 Egypt 7,8 7,7 6,81 6,84 6,84 7,1 India 34,682,66 37,81 31,99 31,99 31,46 Indonesia 6, 6,1 6,3 6, 6, 6,6 Mexico 27,17 26,43 3,9 29, 29, 27,48 Romania 8,46 8,36 7,96 13,8 13,8 1, Russia 3,1 33,4 3, 29, 29, 29, South Africa 1,42 1,126 1,363 12,29 12,29 8,23 Ukraine 17,31 17,11 1,6 23, 23, 18,37 EU- 14,9 138,61 122,973 1,94 1,6 13,128 Others 131,391 133,12 14,69 147,9 147,9 14,937 Subtotal 63,7 629,848 637,773 688,79 688,81 67,78 /6 12-Jan 2,498 12, 4,629,983 141,6 7,1 31,46 6,6 27,48 1, 27,6 8,23 18,37 131,28 14,837 69,728 United States 261,723 243,719 27,98 319,42 319,417 296,6 298,736 CONSUMPTION 891,798 873,67 912,871 1,8,242 1,8,218 93,634 Argentina Brazil Canada China Egypt India Indonesia Japan Korea, South Malaysia Mexico Romania Russia Saudi Arabia South Africa EU- Others Subtotal United States ENDING STOCKS 7,629 36,4, 132,87 12,17 33,9 7,3 2,142 9,3 2,44 3,36 7,9 29, 7,232 9,18 134,362 178,427 688,69 216,8 9,49 7,427 38,3 22,816 136,41 11,989 26,7 7, 2,47 9,11 2, 3,83 8, 29,8 7,463 9,72 136,86 176,169 68,722 214,667 9,389 7,37 38,863 23,811 138,61 1,77 36, 7,3 2,437 9,16 2,3 37,232 8,3 33, 8,83 9,219 13,467 189,334 716,194 2,98 942,12 9,8 41,969 23,824 141,212 11,68 32,1 7,2 2,13 9,3 2,4 38,24 1,9 29,3 6,814 9,73 139,617 197,32 73,487 24,33 97,84 9,8 41,69 23,824 141,212 11,68 32,1 7,2 2,13 8,998 2,4 38,226 1,9 29,3 6,814 9,9 139,617 197,44 73,272 24,276 97,48 9,73 44,9,28 143,8 12,38 31,38 7,2 19,83 8,84 2, 39,1 1,8 29,3 7,614 9,23 134,94 198,132 733,69 238,72 971,641 Canada China Mexico Russia EU- Others Subtotal United States 3,1 8,1 4,274 6,73 21,213 29,2 1,4 4,37 19,77 3,13 66,369 3,887 7,24 21,3 3,717 137,81 3,94 168,7 4,91 4,481,99 2,93 12,629 39,98 11,71 28,764 139,474 6,339 36,89,89 2,766 22,72 39,77 114,66 8,78 172,824 6,33 36,642,86 2,694 22,74 44,68 118,344 8,8 177,144,749 26,669 4,61 1,861 16,243 33,839 88,976 6,841 14,817 98,464 8,773 43,29 24,828 143,8 12,38 31,38 7,2 19,83 8,84 2, 39,1 1,8 28,2 7,614 9,23 134,94 197,22 73,9 24,72 97,711,44 3,722 4,8 1,89 17,668 38,19 98,194 66,73 164,897 17 January 26

REGIONAL COARSE GRAINS IMPORTS, PRODUCTION, CONSUMPTION, AND STOCKS THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 9-Dec 12-Jan 9-Dec IMPORTS North America 1,629 1,47 13,19 13,7 13,34 14,6 Latin America 9,387 9,91 1,399 1,612 1,824 1,97 EU-,94 6,721 7,616 3,228 3,332 3,14 Other Europe 1,44 84 1,39 67 8 77 Former Soviet Union 99 76 1,44 1,17 1,12 1,9 Middle East 14,483 16,869 16,27 17,684 17,78 16,4 North Africa 1,43 9,143 8,27 11,23 11,418 1,93 Sub-Saharan Africa 2,449 2,88 1,666 2,994 2,43 1,79 East Asia 36,12 36,114 3,791 3,2 3,19 3,42 South Asia 1 32 2 2 Southeast Asia 4,199 4,66 3,987 3,44 3,44 3,38 Oceania 29 97 14 4 4 4 PRODUCTION North America 311,481 29,64 331,19 37,44 37,419 3,19 Latin America 67,8 79,31 76,277 7,48 7,48 8,11 EU- 14,9 138,61 122,973 1,94 1,6 13,128 Other Europe 21,86 22,3 18,842 28,869 28,869 24,883 Former Soviet Union 61,778 6,724,371 62,86 62,86 6,7 Middle East 14,489 1,643 1,817 16,798 16,798 16,938 North Africa 9,33 9,612 11,77 11,943 11,943 9,389 Sub-Saharan Africa 72,86 68,72 76,86 77,87 77,87 76,46 East Asia 124,47 133,4 126,24 14,272 14,272 139,991 South Asia 38,684 3,8 42,31 36, 36, 36,2 Southeast Asia 18,2 18,264 19,419 19,772 19,772 2,4 Oceania 12,867 7,272 1,481 12,27 12,27 12,67 CONSUMPTION North America 277,161 273,66 287,1 32,422 32,326 32,2 Latin America 64,26 66,31 67,71 73,331 72,971 7,688 EU- 134,362 136,86 13,467 139,617 139,617 134,94 Other Europe 2,437 2,969 2,744 24,71 24,69 24,689 Former Soviet Union,784 2,781 6,6 4, 4, 1,699 Middle East 27,82 28,94 32,489 32,32 32,416 33,18 North Africa 19,479 19,162 19,46 21,261 21,261 21,76 Sub-Saharan Africa 72,4 69,372 7,83 77,419 77,286 78,96 East Asia 169,377 172,76 17,134 177,247 177,21 179,42 South Asia 37,931 31,184 4,32 36,68 36,68 3,94 Southeast Asia 21,998 22,16 21,683 22,48 22,48 23,19 Oceania 6,9,96 7,23 7,43 7,3 7,3 ENDING STOCKS North America 2,826 37,962 38,44 7,992 7,99 76, Latin America 3,899 9,344 11,449 4,191 8,76,169 EU- 21,213 21,3 12,629 22,72 22,74 16,243 Other Europe 2,4 3,8 2,17 4,941 4,87 3,9 Former Soviet Union 11,44 11,976 6,17 7,677 7,71,778 Middle East 3,41,498,269 6,439 6,43,62 North Africa 1,166 1,19 1,988 3,63 3,727 2,184 Sub-Saharan Africa 3,976 3,886,122,666,66 3,662 East Asia 9,483 71,462,79 41,734 41,788 31,7 South Asia 1,86 661 1,172 637 637 92 Southeast Asia 1,6 1,18 2,8 1,972 1,964 2,37 Oceania 2,34 1,1 2,297 2,2 2,2 1,74 /6 12-Jan 14,1 1,87 3,64 82 1,9 16,1 1,93 1,89 3,42 3,43 4 32,199 79,31 131,28 24,783,22 16,938 9,389 76,46 143,991 36,2 2,4 12,67 34,63 74,838 134,94 24,639,49 33,8 21,76 78,96 179,42 3,94 23,19 7,3 76,728 9,4 17,668 3,861,472,66 2,281 3,62 3,74 92 2,79 1,74 NOTES: Regional definitions appear on last page of this circular. Imports are reported on an international year basis. All other data are reported using marketing years. 18 January 26

WORLD CORN TRADE OCTOBER/SEPTEMBER YEAR THOUSAND METRIC TONS 21/2 22/3 23/4 EXPORTS Argentina 8,81 12,349 1,439 Brazil 3,87 3,181,818 Canada 211 36 367 China 8,611 1,244 7,3 Paraguay 262 16 48 Romania 13 144 93 South Africa 1,182 1,141 797 Thailand 184 137 726 Ukraine 349 811 1,238 EU- 2,849 1,99 49 Others 1,4 1,296 2,281 Subtotal 27,27 37,12 3,319 24/ 9-Dec 14,2 1,431 244 7,89 386 87 1,17 396 2,3 2 2,16 3,96 24/ 12-Jan 13,72 1,431 244 7,89 386 87 1,17 396 2,334 2 2,162 3,98 /6 9-Dec 12,7 8 1 6, 4 8 1, 2,3 6 1,89 27,39 /6 12-Jan 12, 1, 1 6, 4 8 1, 2,3 6 1,8 27,8 United States 47,271 4,924 48,88 4,223 4,223 48, 47, 74,46 78,44 79,127 76,179 7,821 7,89 7,3 IMPORTS Algeria 1,37 1,643 1,76 Brazil 297 21 677 Canada 4,22 3,846 2,33 Chile 1,278 933 1,43 China 39 29 2 Colombia 1,911 2,112 1,999 Costa Rica 463 14 83 Cuba 292 279 469 Dominican Republic 1,38 96 824 Ecuador 39 34 47 Egypt 4,9 4,848 3,743 El Salvador 287 394 476 Guatemala 84 13 13 Indonesia 1,149 1,633 1,436 Iran 1,261 2,17 1,87 Israel 1,21 776 1,377 Japan 16,39 16,863 16,781 Jordan 439 46 371 Korea, North 288 144 89 Korea, South 8,621 8,786 8,783 Malaysia 2,4 2,48 2,41 Mexico 4,76,269,739 Morocco 829 1,4 1,183 Peru 88 917 1,41 Philippines 263 68 2 Russia 34 99 496 Saudi Arabia 1,268 1,424 1,621 South Africa 726 617 49 Syria 892 919 941 Taiwan 4,661 4,681 4,91 Tunisia 793 734 784 Turkey 1,193 1,47 1,23 Venezuela 1 67 687 Vietnam 263 344 36 Zimbabwe 311 6 233 EU- 3,81 4,327,72 United States 22 374 341 2, 2,237 1, 2 2,1 69 1,1 4,3 13 6 2,6 1,3 16,48 3 27 8,638 2,4,921 1,4 1,2 1 2 1,2 131 1,6 4, 6 1 1 3 1, 2, 281 2,46 481 2,237 1,81 2 2,6 69 46 1,31 431,398 13 641 2,8 1,26 16,48 3 27 8,638 2,4,921 1,423 1,31 1 2 1,2 131 1,694 4, 666 1 16 3 7 2,17 281 1,9 1, 2, 1,1 2 2,1 6 1,1 4,3 6 6 2,3 9 16, 4 8,4 2, 6,7 1,3 1, 2 1,4 2 1,3 4,6 7 1 4 1 3 2, 1,9 7 1, 1,1 2 2,2 6 1,1 4,3 6 6 2,3 8 16, 4 8,4 2, 6,7 1,3 1,1 1 2 1,4 2 1,1 4,6 7 1 4 1 4 3, Subtotal 69,746 73,617 73,4 7,82 7,884 7,3 7,1 Other Countries 3,71 3,2 3,81 Unaccounted 1,8 87 2,222 4, 1,77 3,899 1,38 3,81 1,7 3,86 1,38 74,46 78,44 79,127 76,179 7,821 7,89 7,3 19 January 26

WORLD CORN PRODUCTION, CONSUMPTION, AND STOCKS LOCAL MARKETING YEARS THOUSAND METRIC TONS PRODUCTION Argentina Brazil Canada China Egypt India Indonesia Mexico Nigeria Philippines Romania Serbia and Montenegro South Africa Thailand Turkey Ukraine EU- Others Subtotal United States CONSUMPTION Brazil Canada China Egypt India Indonesia Japan Korea, South Malaysia Mexico Nigeria Romania Serbia and Montenegro South Africa EU- Others Subtotal United States ENDING STOCKS Brazil China Japan Mexico South Africa EU- Others Subtotal United States 21/2 22/3 23/4 24/ 9-Dec 14,7 1, 1, 19, 3,1 44, 42, 3, 8,389 8,999 9,6 8,84 114,88 121,3 11,83 13,29 6,16 6,,74,78 13,1 11,1 14,72 13,6 6, 6,1 6,3 6, 2,4 19,28 21,8 22,63,,2, 6, 4, 4,43 4,9, 7, 7,3 7,2 12,,4,8 3,8 6,274 1, 9,67 9,7 11,716 4, 4, 4,1 4, 2, 2,1 2, 3, 3,641 4,18 6,8 8,8,142 49,36 39,876 3,348 46, 49,88 1,47,83 37,41 373,947 366,761 48,411 241,377 227,767 6,278 299,917 98,918 61,714 623,39 78,328 3, 3,8 36,3 38,9 11,96 12,76 11,228 1,4 123,1 1,9 128,4 131, 11,2 1,9 9, 1,6 13, 12, 13,2 13,4 7,3 7, 7,3 7,2 16,3 16,8 16,9 16,7 8,73 8,746 8,722 8,61 2,44 2, 2,3 2,4 23,6 24,7 26,4 27,9,3,2, 6,3 6,8 7,2 7,3 9,4 4,8 4,8 4,4,3 8,446 8,2 8,677 8,9,8 49,26 46,814 2, 93,236 92,8 99,69 16,478 421,6 424,726 432,736 46,93 2,941 2,748 211,644 224,797 622,1 6,474 644,38 681,39 1,637 6,498 8,118 418 84,788 64,973 44,82 36, 1,393 1,47 1,339 1,1 3,396 3,238 4,372,13 1,943 2,443 2,96 3,72 2,66 4,826 3,181 6,329 12,47 14,4 14,87 2,463 18,292 97,48 79,4 72,97 4,1 27,63 24,337 3,63 148,843 1,83 13,742 126,628 24/ /6 /6 12-Jan 9-Dec 12-Jan 19, 17,3 16,8 3, 42, 42, 8,84 9,47 9,47 13,29 13, 134,,78,9,9 13,6 13, 13, 6, 6,6 6,6 22,63 2, 2, 6, 7, 7,,,, 12, 9, 9, 6,274 6,3 6,3 11,716 7, 7, 4, 4,14 4,14 3, 3, 3, 8,8 7,2 7,2 3,348 46,94 47,47,83 4,16 4,316 48,411 397,421 41,246 299,914 28,228 282,26 78,3 677,649 683,6 38, 4,8 4, 1,4 11, 11, 131, 134, 134, 1,6 11,3 11,3 13,4 13,4 13,4 7,2 7,2 7,2 16,7 16,6 16,6 8,61 8,4 8,4 2,4 2, 2, 27,9 28,4 28,4 6,3 6,8 6,8 9,4 9,4 9,4,3,6,6 8,9 8,9 8,9 2,,6,6 16,637 1,624 14,414 46,32 461,124 48,614 224,7 224,419 227,9 681,12 68,43 686,29 4,618 1,818 6,18 36, 26, 3, 1,1 1,26 1,26 4,996 3,88 3,791 3,72 1,372 1,372 6,346 4,74,616 2,6 18,427 18,6 77,268 7,28 66,638 3,697 61,44 61,624 13,96 118,734 128,262 2 January 26

REGIONAL CORN IMPORTS, PRODUCTION, CONSUMPTION, AND STOCKS THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 9-Dec 12-Jan 9-Dec IMPORTS North America 8,3 9,489 8,113 8,439 8,439 8,9 Latin America 8,698 9, 9,839 9,84 1,43 1,37 EU- 3,81 4,327,72 2, 2,17 2, Other Europe 63 9 927 29 133 41 Former Soviet Union 666 179 677 49 49 41 Middle East 6,78 7,668 7,91 7,9 7,88 7,1 North Africa 8,299 8,413 7,673 9,67 9,88 9,4 Sub-Saharan Africa 2,42 2,28 1,334 2,463 2, 1,3 East Asia 3,98 3,67 3,687 29,97 29,97 3, South Asia 2 7 32 2 2 Southeast Asia 4,19 4,61 3,962 3,43 3,43 3,37 Oceania 22 84 8 2 2 2 PRODUCTION North America 27,166 6,46 287,678 331,387 331,384 31,198 Latin America 9,7 7,483 67,411 6,321 6,321 7,48 EU-,142 49,36 39,876 3,348 3,348 46,94 Other Europe 16,42 17,767 1,13 23,444 23,444 2,32 Former Soviet Union 6,818 8,48 11,3 1,3 1,3 13,1 Middle East 2,77 2,983 3,382 3,932 3,932 4,432 North Africa 6,362 6,22,942,982,982 6,12 Sub-Saharan Africa 3,788 34,79 36,877 4,788 4,788 36,73 East Asia 11,76 123,74 117,679 132,149 132,149 131,914 South Asia 16,49 14,24 17,87 16,72 16,72 16,62 Southeast Asia 17,89 17,972 19,122 19,412 19,412 2,9 Oceania 62 4 37 4 4 4 CONSUMPTION North America 236,6 238,24 249,272 263,97 263, 264,319 Latin America 6,14 7,641 9,4 63,47 63,87 6,9 EU-,8 49,26 46,814 2, 2,,6 Other Europe 16,214 16,79 16,624 19,67 19,6 2,1 Former Soviet Union 7,1 7,921 11,44 12,8 12,8 11,3 Middle East 9,348 9,692 11,38 11,6 11,46 11,66 North Africa 14,93 14,334 13,98 14,94 14,94 1,7 Sub-Saharan Africa 36,218 34,63 36,96 39,2 39,7 39,27 East Asia 14,913 18,11 16,73 163, 163, 16,82 South Asia 16,31 1,11 16,387 16,4 16,4 16,2 Southeast Asia 21,74 21,896 21,38 22,16 22,16 22,8 Oceania 46 4 4 4 4 ENDING STOCKS North America 4,3 31,92 29,82 6,382 6,49 66,798 Latin America 2,99 8,44 1,191 2,973 7,4 4,11 EU- 2,66 4,826 3,181 6,329 6,346 4,74 Other Europe 1,7 2,84 1,68 4, 4,166 3,28 Former Soviet Union 1,7 1,32 1,349 2,229 2,11 1,934 Middle East 636 1,61 1,24 1,819 1,783 1,49 North Africa 344 338 1,14 1,237 992 Sub-Saharan Africa 2,892 3,338 3,672 4,931 4,96 2,726 East Asia 88,778 69,121 49,267 4,343 4,343 3,487 South Asia 1,162 213 476 276 276 276 Southeast Asia 1, 1,1 2,3 1,942 1,934 2,7 Oceania 11 24 14 14 14 14 /6 12-Jan 8,4 1,27 3, 46 41 6,8 9,4 1,63 3, 3,42 2 312,23 7,48 47,47 2,12 13,1 4,432 6,12 36,73 13,914 16,62 2,9 4 266,99 6,3,6 19,9 11,3 11,6 1,7 39,27 16,82 16,2 22,8 4 66,91 8,28,616 3,236 1,86 1,49 1,89 2,71 34,487 276 2,49 14 NOTES: Regional definitions appear on last page of this circular. Imports are reported on an international year basis. All other data are reported using marketing years. 21 January 26

WORLD BARLEY TRADE OCTOBER/SEPTEMBER YEAR THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 9-Dec 12-Jan 9-Dec EXPORTS Argentina 91 11 167 3 338 2 Australia 4,9 2,19 6,14 4,481 4,481, Canada 1,126 34 1,937 1,476 1,476 2, Kazakhstan 393 42 613 1 1 2 Russia 2,664 3,66 1,736 1,488 1,488 8 Turkey 1 4 2 Ukraine 3,134 2,334 2,7 3,992 3,992 4, EU- 3,236 6,37 984 3,8 3,881 3,3 Other Europe 84 3 2 78 78 4 Others 492 629 322 Subtotal 17,72 16,199 14,44 16,44 16,64 16,6 /6 12-Jan 2, 2, 2 8 2 4, 3,3 4 16,6 United States 17 2 384 7 7 3 3 IMPORTS 17,89 16,71 14,824 17,19 17,314 16,9 Algeria Brazil China Colombia Iran Israel Japan Jordan Korea, South Kuwait Libya Mexico Morocco Russia Saudi Arabia South Africa Syria Taiwan Tunisia Turkey UAE Ukraine EU- Other Europe United States Subtotal Other Countries Unaccounted 12 121 1,913 182 322 387 1,38 499 12 69 261 66 689 192 6, 167 176 172 66 29 16 9 1,66 288 38 16,61 491 483 17,89 46 296 1,792 226 448 1,399 414 6 116 188 31 16 27 7,2 87 279 84 312 8 19 18 1,443 242 282 1,89 69 287 16,71 22 128 1,19 181 376 8 1,39 4 67 62 333 41 143 438,9 69 6 12 99 171 11 38 672 373 497 14,199 439 186 14,824 1 2 2, 1,1 3 1,22 6 1 1 3 7 6 3 6, 12 1 6 1 1 468 26 17 16,614 37 26 17,19 1 2 2,49 1,1 3 1,22 6 63 1 3 7 6 3 6, 12 1 6 1 1 4 26 17 16,712 37 227 17,314 2 1 2,1 2 8 4 1,4 6 1 1 3 7 8 4 6, 1 1 2 1 1 8 4 3 16,36 43 16 16,9 16,9 2 1 2,1 2 8 4 1,4 6 1 1 3 7 8 4 6, 1 1 2 1 1 8 4 3 16,36 43 16 16,9 22 January 26

WORLD BARLEY PRODUCTION, CONSUMPTION, AND STOCKS LOCAL MARKETING YEARS THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 9-Dec 12-Jan 9-Dec PRODUCTION Algeria 74 416 1,22 1,314 1,314 4 Australia 8,28 3,86 1,387 7,72 7,72 8, Canada 1,846 7,489 12,328 13,186 13,186 12, China 2,893 3,322 2,717 2,9 2,9 2,8 Iran 1, 2, 2, 2, 2, 2, Iraq 1, 1,1 1, 1, 1, Japan 26 217 199 196 196 19 Kazakhstan 2,2 2,2 2,1 1, 1, 1, Morocco 1,1 1,669 2,62 2,76 2,76 1,12 Russia 19, 18,7 18, 17,2 17,2 16, Syria 1,3 92 1,1 9 9 7 Turkey 6,9 7,2 6,9 7,4 7,4 7,2 Ukraine 1,186 1,364 6,8 11,1 11,1 9, EU- 6,962 6,9 4,826 61,742 61,73 3,12 Other Europe 3,324 3,266 2,46 4,1 4,1 3,28 Others 9,71 9,8 11,6 11,98 11,98 11,17 Subtotal 136,91 128,937 13,917 147,8 147,269 13,91 /6 12-Jan 4 8, 12, 2,8 2, 1, 19 1, 1,12 1,8 7 7,2 9, 3,127 3,38 11,17 13,66 United States,47 4,94 6,9 6,91 6,91 4,62 4,613 CONSUMPTION 141,498 133,877 141,976 13,349 13,36 13,211 Algeria Australia Canada China Iran Japan Kazakhstan Mexico Morocco Russia Saudi Arabia Syria Turkey Ukraine EU- Other Europe Others Subtotal United States ENDING STOCKS 6 2,8 1,271 4, 2,1 1,6 1,6 8 1,7 14,,71 1,1 6,6 7, 3,871 2,84 12,49 13,196,661 13,87 7 2,7 7,9 4,9 2,1 1,6 1,9 8 2, 1,,81 1,1 6,8 7,4 4,4 2,89 11,899 13,4,179 13,683 9 3, 9,893 4,7 2,2 1,63 1,9 8 2,3 18,6 7,1 1, 7,1 6, 6,877 2,7 14,486 141,46 4,99 146,36 1,1 3, 1,77 4,9 2,9 1,6 1, 9 2,7 16,,41 1,3 7,3 6,4 2,9 3,64 13,86 137,277,672 142,949 1,1 3, 1,77 4,9 2,9 1,6 1, 9 2,7 16,,41 1,3 7,3 6,4 2,9 3,64 13,832 137,244,672 142,916 8 3,3 1,8, 2,9 1,6 1,4 9 2,7 16,1 6,1 1,4 72,3 3,19 16,699 137,94 4,79 142,744 Australia Canada Russia Turkey Ukraine EU- Others Subtotal United States 1,767 2,47 4,387 73 1,324 9,867 6,249 26,394 2,6 28,4 948 1,47 4,76 673 1,424 8,488 7,37,84 1,1 26,94 1,887 2,12 2,227 679 796 4,287 7,437 19,41 2,619 22,34 1,89 3,489 2,163 8 1,234 1,611 9,697 29,638 2,796 32,434 1,89 3,489 2,163 8 1,234 1,622 9,73 29,682 2,796 32,478 1,289 3,219 1,263 7 1,14 7,923 7,297 22,71 2,191 24,91 13,219 8 3,3 11,1, 2,9 1,6 1,4 9 2,7 16,1 6,1 1,4 7,2,3 2, 3,29 16,699 138,34 4,72 142,926 1,289 2,919 1,63 7 1,14 8,49 7,33 22,369 2,42 24,771 23 January 26

REGIONAL BARLEY IMPORTS, PRODUCTION, CONSUMPTION, AND STOCKS THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 9-Dec 12-Jan 9-Dec IMPORTS North America 73 14 67 37 37 4 Latin America 6 772 44 6 6 1 EU- 1,66 1,443 672 468 4 4 Other Europe 288 242 373 26 26 Former Soviet Union 36 333 76 46 46 62 Middle East 7,692 8,999 8,17 9,47 9,47 9,21 North Africa 2,144 721 61 1, 1, 1,2 Sub-Saharan Africa 167 97 69 12 12 1 East Asia 3,4 3,34 3,47 3,747 3,79 3,7 South Asia 2 2 Southeast Asia Oceania 7 1 6 2 2 2 PRODUCTION North America 17,2 13,199 19,287 2,177 2,177 18,2 Latin America 1,1 1,399 2,39 2,38 2,38 1,88 EU- 6,962 6,9 4,826 61,742 61,73 3,12 Other Europe 3,324 3,266 2,46 4,1 4,1 3,28 Former Soviet Union 34,726 34,72 29,631 33,16 33,16 29,32 Middle East 1,433 11,33 11,216 11,642 11,642 11,282 North Africa 2,134 2,43 4,79 4,936 4,936 2,212 Sub-Saharan Africa 1,72 1,48 1,764 1,871 1,871 1,87 East Asia 3,482 3,839 3,136 3,36 3,36 3, South Asia 1,734 2,6 2,3 2,17 2,17 2,17 Southeast Asia Oceania 8,68 4,26 1,787 8,12 8,12 8,9 CONSUMPTION North America 16,782 13,934 1,733 17,279 17,279 16,4 Latin America 1,729 1,9 2,139 2,3 2,3 2,3 EU- 3,871 4,4 6,877 2,9 2,9 2, Other Europe 2,84 2,89 2,7 3,64 3,64 3,19 Former Soviet Union,46 27,616 29,36 27, 27, 26,94 Middle East 17,61 17,74 19,788 19,3 19,3 2, North Africa 3,69 3,839 4,427,28,28,3 Sub-Saharan Africa 1,89 1,612 1,774 1,986 1,986 1,9 East Asia 6,87 6,949 6,719 7,1 6,973 7,11 South Asia 1,73 2,63 2, 2,16 2,16 2,19 Southeast Asia Oceania 3, 3,1 3,4 3,9 3,9 3,7 ENDING STOCKS North America 4,149 3,3 4,842 6,481 6,481,631 Latin America 179 317 4 487 471 327 EU- 9,867 8,488 4,287 1,611 1,622 7,923 Other Europe 449 433 48 642 642 82 Former Soviet Union 7,232 7,44 3,927 4,471 4,471 2,917 Middle East 2,744 3,84 3,72 4,8 4,8 4,72 North Africa 781 64 1,442 2,4 2,4 1,12 Sub-Saharan Africa 9 3 8 93 93 143 East Asia 1,162 1,388 8 918 967 78 South Asia 24 24 34 44 44 24 Southeast Asia Oceania 1,84 986 1,93 1,62 1,62 1,372 /6 12-Jan 4 1 4 62 9,21 1,2 1 3,7 2 18,13 1,88 3,127 3,38 29,12 11,282 2,212 1,87 3, 2,17 8,9 16,622 2,3 2, 3,29 26,94 2,,3 1,9 7,11 2,19 3,7,42 311 8,49 82 2,717 4,72 1,12 143 87 24 1,372 NOTES: Regional definitions appear on last page of this circular. Imports are reported on an international year basis. All other data are reported using marketing years. 24 January 26

WORLD SORGHUM TRADE OCTOBER/SEPTEMBER YEAR THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 9-Dec 12-Jan 9-Dec EXPORTS Argentina 49 64 228 279 3 Australia 1 7 4 37 37 Brazil 11 64 371 24 24 China 19 88 168 28 28 South Africa 48 49 41 3 3 Sudan 1 1 Others 114 111 118 13 13 1 Subtotal 1,121 1,1 1,361 84 844 1,3 /6 12-Jan 3 1 1,3 United States 6,13 4,911 4,84 4,39 4,39 4, 4, IMPORTS 7,6,912 6,26,379,383,3 Brazil Chile Israel Japan Mexico South Africa Sudan Taiwan EU- Subtotal Other Countries Unaccounted 4 71 26 1,776 4,837 66 41 41 6,887 168 21 7,6 8 69 1,62 3,384 27 1 64 439,618 9 3,912 9 62 14 1,434 3,2 17 1 61 1,139,843 314 49 6,26 7 6 34 1,374 2,93 2 1 6 2 4,91 31 14,379 82 71 34 1,374 2,912 2 14 61 226 4,97 31 161,383 6 1,3 3, 2,26 16 1,3,3 6 1,3 3, 2,26 16 1,3 January 26

WORLD SORGHUM PRODUCTION, CONSUMPTION, AND STOCKS LOCAL MARKETING YEARS THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 9-Dec 12-Jan 9-Dec PRODUCTION Argentina 2,7 2,8 2,2 2,9 2,9 2,8 Australia 2,21 1,46 2,9 2,177 2,177 2, Brazil 773 1,9 2,13 2,22 2,22 2,3 Burkina 1,2 1,26 1,2 1,3 1,3 1,4 China 2,697 3,327 2,86 2,328 2,328 2,4 Egypt 7 9 9 9 9 9 Ethiopia 1,83 1,1 1,7 2,1 2,1 1,8 India 8,39 7,6 7,33 7,3 7,3 7, Mexico,9 6,338 7,3,9,9 6, Niger 6 7 72 6 Nigeria 7,8 7,8 9, 1, 1, 1, Sudan 4,47 2,93,19 2,6 2,6 3,7 Tanzania; United Republic of 74 83 82 82 89 EU- 63 71 38 47 47 47 Others 4,639 4,399 4,74 4,68 4,68 4,7 Subtotal 4,263 43,6 48,462 46,3 46,3 47,91 /6 12-Jan 2, 2, 2,3 1,4 2,4 9 1,8 7, 6, 6 1, 3,7 89 47 4,7 47,61 United States 13,7 9,163 1,446 11, 11,23 9,848 1, CONSUMPTION 8,32 2,728 8,98 7,86 7,828 7,78 Argentina Australia Brazil Burkina China Egypt Ethiopia India Japan Mexico Niger Nigeria Sudan Others Subtotal United States ENDING STOCKS 2,3 1,6 8 1,2 2,7 7 1,83 8,3 1,77 1,7 67 7,7 4, 6,369,84 6,427 7,281 2, 1,4 1,8 1,26 2,8 9 1,1 7,1 1,7 9,9 7 7,8 3, 6,463 48,78 4,939 3,647 1,9 1,4 1,6 1,2 3, 9 1,7 7,3 1, 9,8 7 8,9 4, 7,478 2,43,638 8,91 2,6 1,7 2,1 1,3 2,4 9 2,1 7,4 1,4 9,3 9,9 3, 6,79 2,64 6,287 8,31 2,6 1,8 2,1 1,3 2,4 9 2,1 7,4 1,4 9,3 9,9 3, 6,678 2,83 6,7 8,34 2,6 1,6 2,2 1,4 2,4 9 1,8 7,4 1,3 9,6 67 1,4 3,4 6,497 2,277,462 7,739 Argentina Japan Mexico Others Subtotal United States 48 291 779 1,718 3,246 1,49 4,79 37 278 61 1,34 2,783 1,93 3,876 429 212 1,13 2,97 3,841 82 4,693 429 186 683 1,46 2,74 1,448 4,22 44 186 66 1,48 2,73 1,446 4,181 329 186 83 1,67 2,7 1,16 4,221 7,61 2,3 1,6 2,2 1,4 2,4 9 1,8 7,4 1,3 9,6 67 1,4 3,4 6,497 1,977,27 7,184 34 186 6 1,631 2,686 1,926 4,612 26 January 26

REGIONAL SORGHUM IMPORTS, PRODUCTION, CONSUMPTION, AND STOCKS THOUSAND METRIC TONS 21/2 22/3 23/4 24/ 24/ /6 9-Dec 12-Jan 9-Dec IMPORTS North America 4,837 3,38 3,2 2,931 2,913 3, Latin America 79 123 14 12 166 7 EU- 41 439 1,139 2 226 2 Other Europe 27 34 24 Former Soviet Union Middle East 26 7 1 34 34 North Africa 1 Sub-Saharan Africa 216 187 232 44 399 14 East Asia 1,824 1,632 1,26 1,444 1,449 1,41 South Asia 1 1 Southeast Asia 4 1 1 1 Oceania PRODUCTION North America 18,97 1,1 17,746 17, 17,473 1,848 Latin America 4,82,98,38 6,18 6,18 6,378 EU- 63 71 38 47 47 47 Other Europe Former Soviet Union Middle East 6 3 48 48 48 48 North Africa 76 91 91 91 91 91 Sub-Saharan Africa 18,982 16,836 21, 19,89 19,89 21,36 East Asia 2,71 3,34 2,883 2,349 2,349 2,421 South Asia 8,62 7,29 7,6 7,76 7,76 7,73 Southeast Asia 14 132 137 2 2 2 Oceania 2,21 1,46 2,9 2,177 2,177 2, CONSUMPTION North America 17,177 14,839 1,438 1,87 1,7 1,62 Latin America 4,437,483 4,921 6,39 6,49 6,144 EU- 679 677 1,966 7 7 7 Other Europe 32 39 29 3 3 3 Former Soviet Union Middle East 686 61 9 27 27 3 North Africa 76 916 91 91 91 91 Sub-Saharan Africa 18,8 17,11 2,48 2,844 2,844 21,19 East Asia 4,4 4,48 4,64 3,886 3,886 3,826 South Asia 8,3 7,38 7,8 7,68 7,68 7,63 Southeast Asia 134 14 143 16 16 18 Oceania 1,6 1,4 1,4 1,7 1,8 1,6 ENDING STOCKS North America 2,328 1,694 1,9 2,131 2,111 2,99 Latin America 7 489 6 618 6 78 EU- 4 68 32 24 21 14 Other Europe Former Soviet Union Middle East 3 43 43 3 3 3 North Africa 4 4 4 4 4 4 Sub-Saharan Africa 1,6 3 1,38 63 64 781 East Asia 422 826 463 342 347 322 South Asia 22 124 62 117 117 192 Southeast Asia 6 8 3 3 3 Oceania 69 4 63 23 23 13 /6 12-Jan 3, 7 2 14 1,41 1 16, 6,78 47 48 91 21,36 2,421 7,73 2 2, 14,87,844 7 3 3 91 21,19 3,826 7,63 18 1,6 2,491 6 11 3 4 796 327 192 3 13 NOTES: Regional definitions appear on last page of this circular. Imports are reported on an international year basis. All other data are reported using marketing years. 27 January 26