Oilseeds and Products

Oilseeds and Products

Oilseeds compete with major grains for area. As a result, weather impacts soybeans, rapeseed, and sunflowerseed similarly to grain and other crops grown in the same regions. The same general price movements expected for grains will also be exhibited by oilseeds. Lower corn prices allow soybeans to compete for area, pushing soybean prices lower, as well. Expanding South American soybean area and production will also pressure soybean prices lower. Soybeans will exhibit a more than 30% decline in prices in 2014/15 from two years earlier. Rapeseed competes with wheat and barley for area. As a result, rapeseed prices are expected to track wheat and barley prices in the next year, and will take a little longer than soybeans to find new price levels. By 2015/16, rapeseed prices are projected to see a 30% decline from 2012/13 prices, and a 40% decline from the peak of 2010/11. Sunflowerseed prices are mirroring the movements of rapeseed, falling 28% from 2012/13 and 37% from the high point reached in 2010/11. With larger oilseed availability, meal and oil production will also increase. Because the oilseeds are the largest cost categories for protein meal and vegetable oil production, the decline in oilseed prices reduces crushing costs, allowing lower output prices while maintaining crushers margins. Prices of soybean, rapeseed, and sunflowerseed meals are all expected to fall more than 30% from recent peaks. Soybean, rapeseed, and sunflowerseed meal prices also reflect prices of other major livestock feed components. The fall in grain prices will further pressure meal prices downward Expanding livestock production will dampen the downward movement of protein meals. Dairy, poultry, and hog production are the primary drivers of protein meal consumption, and production of livestock and products is rising globally. Because soybean, rapeseed, and sunflowerseed oils are co-products with their respective meal counterparts, some common costs underlie both products. Vegetable oil prices are projected to fall and remain below historical highs over the next ten years. From their zeniths soy, rapeseed, sunflowerseed, and palm oil prices are expected to exhibit declines of approximately 40% to 45%. While price-supporting demand factors, including energy-related factors, will remain in place, expected continuing increases in palm oil production will limit upward price pressure. Palm oil prices have adjusted back to a more typical relationship with other vegetable oils as production has recovered from constrained production in 2012/13. Vegetable oil prices tend to follow similar paths in the long term. However, there will likely be periods when prices move somewhat differently, particularly for palm oil, as there is a cyclical pattern to production.

The increase in oilseed, especially soybean area that quickened in recent years is expected to slow. Lower prices will provide less incentive to expand plantings, especially if it requires new ground to be broken. There are still some regions that have available land for expansion, particularly in South American countries such as Argentina and Brazil, where new crop is being cleared, most of it for soybeans. Compared to soybeans, rapeseed has a much more limited geographic area. New lands are not being devoted to rapeseed planting and traditional producing countries such as Canada and the EU must also consider established crop rotations. One region that has been able to expand rapeseed production is the former Soviet Union. Producers on land that was formerly under central planning now consider regional and global markets. As a result there has been some switching of land from traditional grains into rapeseed. The potential for that to continue in the future is limited, however, and rapeseed area will not exhibit large increases. Crushing is the primary utilization for oilseeds as the co-products, protein meals and vegetable oils form the primary basis of demand. While many nations import soybeans and rapeseed to take advantage of value-added industry opportunities, most of the crushing occurs in major producing countries. Brazil and Argentina process most of the soybeans they grow as they invest in expanding crush capacity and provide jobs. Major crushers of rapeseed are Canada, China, EU-27, and India. These are also the largest producers. While Japan produces virtually no rapeseed, it is the one nation that imports to feed crushing facilities. Ukraine, Russia, and the EU are the leading sunflowerseed producers and processors. Argentina, China, and Turkey also have significant crushing capacity Soybeans account for the largest share of global oilseed trade. The U.S., Argentina, and Brazil account for nearly 90% of exports. Approximately 35% of soybean production is traded, and that proportion is expected to increase primarily as demand grows in China, which currently accounts for nearly two-thirds of global imports. Imports by other countries have been relatively stable. A much smaller proportion of rapeseed is traded. Approximately 15% of global rapeseed production will be sold on the world market in the next ten years. Canada controls an approximately two-thirds market share. The EU-28 has emerged as the world s largest exporter of sunflowerseed. However, trade is not as important in the sunflowerseed market, with only about 1% being sold on the world market.

In combination with population growth, especially in developing regions, per capita incomes are pushing demand for meat and dairy products. Increased purchasing power allows better diets. As demand for these products increases, so too, does utilization of protein meals. Increasing urbanization in nations such as China is pushing livestock, poultry, and dairy production into locations closer to population centers. As a result, animal production is intensifying, using improved practices and feeds. Protein meals are being increasingly used in feed concentrates. Because poultry are much more efficient converters of protein than other animals, poultry production is increasing faster than hogs or dairy. Relatively low costs of production and short production cycles make poultry attractive for increasing meat in diets in developing regions. Versatility in product lines also has allowed poultry to take share away from other meats in developed countries. As global economic expansion accelerates in the next few years, dietary improvements, and therefore, protein meal consumption growth is expected to outpace the recent past. Rapid increases in livestock and dairy production are outpacing the ability to produce feed in many parts of the world. In addition, many nations with limited land bases have intensive livestock operations which require the importation of feed ingredients, including protein meals. The major exporters of soybean meal, as in the case of soybeans, are Argentina, Brazil, and the U.S. In recent years, India has emerged as a notable exporter, and Paraguay is increasing sales on the world market. China is self-sufficient as this country imports soybeans to process to meet domestic product demand. The EU is by far the largest importer, with other trade distributed widely around the world. As with rapeseed, Canada is the dominant exporter of rapeseed meal, with most going to the neighboring U.S. India has emerged as a minor exporter in recent years, but domestic consumption is growing faster and will limit export capability. Despite being one of the largest producers of rapeseed meal, the EU is self-sufficient, feeding all that it produces. Trade in sunflowerseed meal takes in a somewhat limited region of the globe. Ukraine and Russia are the dominant producers and exporters of sunflowerseed meal. Most of the trade is with the European Union and Turkey.

Vegetable oil consumption is being boosted by a combination of population growth, income expansion, and increased industrial uses, including those for biofuels. China is leading global soyoil demand growth, accounting for more than half of consumption increases in the past decade, and is expected to maintain that role in the next ten years. Palm oil production in tropical Asian nations such as Indonesia and Malaysia is dramatically increasing global vegetable oil supplies. These two countries together accounted for 85% of palm oil production in 2013/14. Palm oil is readily accepted and is rapidly taking share in many markets. Rapeseed oil consumption is increasing only with population growth. Per capita consumption is stagnating and is not expected to show measurable increases over the next decade as the rapid growth in production and consumption of palm oil is displacing rapeseed oil in some regions. Similarly, sunflowerseed oil is not increasing dramatically on a per capita basis. Unlike soybeans and products and palm oil, both rapeseed and sunflowerseed products are constrained by limited potential for expanding the land base devoted to those respective oilseeds. Palm oil has captured the largest share of global vegetable oil trade. Unlike soybean, rapeseed or sunflowerseed oil, palm oil is not a co-product with other oilseed products. The trees are fast growing in low-cost areas of the Pacific Rim and Asia and production has exploded. Two-thirds of global palm oil production is sold on the world market, coming primarily from Indonesia and Malaysia as this commodity has become an important source of foreign exchange. Together these two countries account for 90% of palm oil exports. Imports are much more widely distributed. In recent years, highly competitive palm oil gained market share from soyoil. As a result, soyoil trade declined in the period from 2008/09 to 2011/12. Nevertheless, demand growth globally will outpace crushing capacity increases in importing nations and trade will gradually increase. Argentina, Brazil, and the U.S. will remain top exporters. Approximately 15% of global production will be sold on international markets. Rapeseed and sunflowerseed crushers cannot absorb the competition from palm oil prices in the baseline as readily as soybean processors, as rapeseed and sunflowerseed have a 40% oil content compared to 18% for soybeans. As a result, crushers are more than twice as exposed to changes in vegetable oil prices than soybean crushers. Rapeseed oil will see only gradual increases in demand and trade over the next ten years. Important importers will be China, the EU, and the U.S. The U.S. will remain the single largest importer of rapeseed oil in the world due to location near major rapeseed production and processing in Canada, which accounts for the largest proportion of the 10% of global production that is traded. Though trade is small in absolute terms, sunflowerseed oil is dependent on the international market as more than one-third of production is traded. The largest exporters are Russia and Ukraine, and the largest importer is India.

World Soybean Supply & Utilization 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Million hectares) Area Harvested 88.6 93.4 93.1 94.6 90.9 96.4 102.6 103.4 103.1 109.3 113.3 (Metric tons per hectare) Yield 2.11 2.31 2.37 2.50 2.41 2.20 2.54 2.56 2.33 2.46 2.50 (Million metric tons) Supply 280.8 314.9 331.1 354.7 355.0 337.8 386.8 409.3 398.8 411.1 443.2 Production 186.8 215.9 220.9 236.3 219.0 212.1 260.6 264.2 240.5 268.8 283.7 Beginning stocks 42.6 38.4 48.7 54.0 63.0 52.5 43.0 60.5 70.5 54.2 57.1 Net imports 51.5 60.6 61.6 64.5 73.0 73.2 83.2 84.6 87.8 88.1 102.3 Utilization 227.3 253.1 269.8 288.0 282.0 264.8 299.0 321.8 312.3 318.3 338.6 Crush 163.5 175.3 186.0 195.6 202.3 193.6 209.6 221.3 228.3 230.2 240.3 Other utilization 25.4 29.2 29.9 29.5 27.3 28.1 28.9 29.9 29.8 31.0 32.1 Ending Stocks 38.4 48.7 54.0 63.0 52.5 43.0 60.5 70.5 54.2 57.1 66.2 Net Exports 53.5 61.8 61.4 66.7 72.9 73.0 87.8 87.6 86.5 92.8 104.6 Total Demand 280.8 314.9 331.1 354.7 355.0 337.8 386.8 409.3 398.8 411.1 443.2 Soybean Area Harvested 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Million hectares) Argentina 14.0 14.4 15.2 16.3 16.4 16.0 18.6 18.3 17.6 19.4 19.8 Brazil 21.5 22.9 22.2 20.7 21.3 21.7 23.5 24.2 25.0 27.7 30.1 Canada 1.0 1.2 1.2 1.2 1.2 1.2 1.4 1.5 1.6 1.7 1.9 China 9.3 9.6 9.6 9.3 8.8 9.1 9.2 8.5 7.9 7.2 6.9 EU-28 0.5 0.4 0.5 0.6 0.4 0.3 0.4 0.4 0.4 0.4 0.5 India 6.5 8.0 7.8 8.1 8.8 9.5 9.7 9.6 10.3 10.7 12.2 Japan 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Mexico 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.1 0.2 Paraguay 1.9 2.0 2.4 2.4 2.6 2.5 2.7 2.9 3.0 3.2 3.2 South Korea 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 United States 29.3 29.9 28.8 30.2 26.0 30.2 30.9 31.0 29.9 30.8 30.9 Rest of world 4.2 4.6 5.1 5.5 5.2 5.6 5.9 6.6 7.2 7.9 7.6 World total 88.6 93.4 93.1 94.6 90.9 96.4 102.6 103.4 103.1 109.3 113.3

World Soybean Supply & Utilization 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Million hectares) Area Harvested 118.0 118.5 118.4 119.3 120.5 121.8 122.9 124.1 125.1 126.2 127.2 (Metric tons per hectare) Yield 2.66 2.61 2.64 2.67 2.70 2.73 2.76 2.78 2.81 2.83 2.86 (Million metric tons) Supply 486.6 513.1 523.9 535.1 545.1 556.4 567.1 578.2 588.5 598.6 609.2 Production 314.4 309.5 313.1 319.0 325.5 332.4 338.8 345.2 351.2 357.2 363.3 Beginning stocks 66.2 90.1 95.5 97.5 98.7 100.2 102.0 104.1 106.3 108.5 110.7 Net imports 106.1 113.6 115.3 118.6 121.0 123.9 126.3 128.9 131.0 132.9 135.2 Utilization 377.0 396.1 405.1 413.0 420.7 429.0 437.4 445.8 454.0 462.2 470.5 Crush 253.7 267.2 273.5 279.8 285.4 291.2 296.7 302.3 307.6 312.9 318.4 Other utilization 33.3 33.4 34.1 34.6 35.1 35.8 36.5 37.2 37.9 38.6 39.3 Ending Stocks 90.1 95.5 97.5 98.7 100.2 102.0 104.1 106.3 108.5 110.7 112.8 Net Exports 109.6 117.1 118.8 122.1 124.5 127.4 129.8 132.4 134.5 136.4 138.7 Total Demand 486.6 513.2 523.9 535.1 545.1 556.4 567.1 578.2 588.5 598.6 609.2 Soybean Area Harvested 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Million hectares) Argentina 20.0 20.1 20.4 20.7 21.0 21.5 21.9 22.4 22.8 23.2 23.6 Brazil 31.5 31.9 32.2 32.5 32.7 33.0 33.2 33.3 33.4 33.5 33.6 Canada 2.2 2.3 2.3 2.4 2.4 2.4 2.4 2.4 2.5 2.5 2.5 China 6.7 6.8 6.6 6.7 6.7 6.8 6.9 6.9 6.9 6.9 6.9 EU-28 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 India 11.0 10.8 10.6 10.5 10.6 10.7 10.9 11.1 11.4 11.7 12.0 Japan 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Mexico 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 Paraguay 3.3 3.3 3.4 3.4 3.5 3.5 3.6 3.7 3.8 3.9 4.0 South Korea 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 United States 33.6 33.7 33.2 33.3 33.4 33.6 33.6 33.6 33.6 33.6 33.7 Rest of world 8.7 8.7 8.9 9.1 9.3 9.5 9.7 9.8 9.9 10.1 10.2 World total 118.0 118.5 118.4 119.3 120.5 121.8 122.9 124.1 125.1 126.2 127.2

Soybean Trade 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Thousand metric tons) Net exporters Argentina 6,204 8,876 6,665 7,574 10,885 4,349 13,087 9,192 7,368 7,736 7,840 Brazil 20,089 19,662 25,848 23,432 25,214 29,943 28,404 29,914 36,129 41,509 46,224 Canada 301 738 977 1,449 1,444 1,630 1,872 2,693 2,702 3,200 3,131 India 239 6 6 1 12 55 15 18 38 115 179 Paraguay 2,649 2,850 2,370 4,121 4,085 2,599 4,058 5,206 3,555 5,491 4,373 United States 23,977 29,708 25,487 30,140 31,269 34,456 40,401 40,566 36,717 34,743 42,864 Total net exports 53,459 61,840 61,353 66,717 72,909 73,032 87,837 87,589 86,509 92,794 104,611 Net importers China 16,614 25,412 27,963 28,280 37,363 40,698 50,154 52,149 58,956 59,599 70,149 EU-28 14,711 14,547 13,936 15,121 15,095 13,177 12,623 12,377 12,015 12,446 12,928 Japan 4,688 4,295 3,962 4,087 4,009 3,396 3,401 2,917 2,759 2,830 2,894 South Korea 1,368 1,240 1,190 1,231 1,232 1,167 1,197 1,239 1,139 1,113 1,271 Mexico 3,794 3,639 3,667 3,844 3,614 3,327 3,523 3,498 3,606 3,409 3,700 Rest of world 10,275 11,514 10,882 11,923 11,648 11,481 12,316 12,467 9,330 8,751 11,352 Total net imports 51,450 60,647 61,600 64,486 72,961 73,246 83,214 84,647 87,805 88,148 102,294 Residual 2,009 1,193-247 2,231-52 -214 4,623 2,942-1,296 4,651 2,317 (Dollars per metric ton) Soybean price, Central IL 294 214 202 264 452 365 357 482 505 537 487

Soybean Trade 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Thousand metric tons) Net exporters Argentina 8,018 9,983 9,847 9,851 10,135 10,635 11,245 11,787 12,250 12,694 13,154 Brazil 45,514 50,786 52,488 54,585 55,809 57,063 58,318 59,534 60,576 61,722 62,840 Canada 3,595 3,959 3,985 4,010 4,032 4,042 4,039 4,024 3,998 3,968 3,933 India 139 126 154 147 93 56 49 28 52 72 102 Paraguay 4,515 4,502 4,581 4,613 4,781 4,922 5,156 5,452 5,791 6,153 6,403 United States 47,832 47,703 47,753 48,846 49,601 50,680 50,975 51,580 51,815 51,826 52,249 Total net exports 109,614 117,057 118,806 122,052 124,451 127,397 129,781 132,404 134,482 136,435 138,681 Net importers China 73,810 79,329 81,106 84,913 87,222 90,008 92,653 95,336 97,363 99,597 101,995 EU-28 12,757 13,988 13,551 12,923 12,991 13,036 12,969 13,039 12,914 12,853 12,782 Japan 3,181 3,283 3,128 2,951 2,893 2,883 2,864 2,878 2,842 2,805 2,762 South Korea 1,299 1,292 1,294 1,295 1,296 1,296 1,295 1,294 1,292 1,290 1,288 Mexico 3,970 4,169 4,192 4,195 4,225 4,268 4,279 4,291 4,283 4,279 4,269 Rest of world 11,097 11,498 12,037 12,277 12,326 12,408 12,221 12,068 12,290 12,112 12,084 Total net imports 106,115 113,558 115,307 118,553 120,952 123,898 126,282 128,905 130,983 132,936 135,182 Residual 3,499 3,499 3,499 3,499 3,499 3,499 3,499 3,499 3,499 3,499 3,499 (Dollars per metric ton) Soybean price, Central IL 354 363 377 393 400 399 399 392 384 379 373

World Soybean Products Supply & Utilization 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 Soybean Meal (Million metric tons) Supply 176.8 187.2 200.1 210.2 218.5 208.6 221.2 235.1 242.7 241.8 252.4 Production 128.9 138.6 146.4 153.8 158.8 152.2 165.3 174.4 180.5 181.3 188.8 Beginning stocks 5.5 5.6 5.8 6.2 7.1 7.2 4.9 6.7 8.4 9.8 9.7 Net imports 42.4 43.0 47.8 50.2 52.6 49.2 51.0 54.0 53.9 50.7 54.0 Utilization 133.3 142.6 151.5 158.1 164.6 158.2 168.1 179.5 187.6 187.2 196.1 Consumption 127.6 136.7 145.3 151.0 157.5 153.3 161.4 171.1 177.8 177.5 185.7 Ending Stocks 5.6 5.8 6.2 7.1 7.2 4.9 6.7 8.4 9.8 9.7 10.4 Net Exports 43.5 44.6 48.7 52.1 53.8 50.4 53.1 55.6 55.1 54.6 56.3 Total Demand 176.8 187.2 200.1 210.2 218.5 208.6 221.2 235.1 242.7 241.8 252.4 Soybean Oil Supply 40.4 42.9 46.1 49.2 51.0 47.5 49.4 52.8 52.8 53.2 55.4 Production 30.2 32.6 34.9 36.4 37.7 35.9 38.9 41.4 42.7 43.1 44.9 Beginning stocks 3.1 2.8 3.3 3.9 4.1 3.8 3.4 3.6 4.1 4.1 3.6 Net imports 7.1 7.6 8.0 8.9 9.2 7.8 7.1 7.8 5.9 6.0 6.9 Utilization 33.1 35.1 37.4 39.8 41.4 39.8 41.8 44.8 46.3 46.3 48.5 Consumption 30.3 31.8 33.5 35.7 37.5 36.4 38.2 40.8 42.2 42.6 45.3 Ending Stocks 2.8 3.3 3.9 4.1 3.8 3.4 3.6 4.1 4.1 3.6 3.2 Net Exports 7.4 7.8 8.7 9.5 9.6 7.8 7.6 7.9 6.4 7.0 6.9 Total Demand 40.4 42.9 46.1 49.2 51.0 47.5 49.4 52.8 52.8 53.3 55.4

World Soybean Products Supply & Utilization 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 Soybean Meal (Million metric tons) Supply 268.6 281.3 289.2 296.1 302.2 308.1 313.7 319.2 324.6 330.4 335.6 Production 200.5 210.7 215.6 220.6 225.0 229.6 233.9 238.3 242.5 246.6 250.2 Beginning stocks 10.4 10.9 11.7 12.1 12.3 12.4 12.5 12.7 12.9 13.2 13.5 Net imports 57.7 59.8 61.8 63.4 65.0 66.1 67.3 68.2 69.2 70.6 71.9 Utilization 208.4 219.1 224.8 230.2 234.7 239.4 243.9 248.5 252.9 257.4 261.3 Consumption 197.5 207.3 212.7 217.9 222.4 226.9 231.2 235.6 239.7 243.8 247.4 Ending Stocks 10.9 11.7 12.1 12.3 12.4 12.5 12.7 12.9 13.2 13.5 13.8 Net Exports 60.2 62.3 64.3 65.9 67.5 68.6 69.8 70.7 71.7 73.1 74.4 Total Demand 268.6 281.3 289.2 296.1 302.2 308.1 313.7 319.2 324.6 330.4 335.6 Soybean Oil Supply 57.3 60.5 62.5 63.9 65.3 66.7 68.1 69.5 70.7 71.9 73.3 Production 47.4 49.9 51.1 52.3 53.3 54.4 55.4 56.4 57.4 58.4 59.6 Beginning stocks 3.2 3.4 3.7 3.8 3.9 4.0 4.1 4.1 4.1 4.2 4.3 Net imports 6.7 7.2 7.7 7.8 8.2 8.4 8.7 8.9 9.1 9.3 9.5 Utilization 50.2 52.9 54.4 55.7 56.8 57.9 59.1 60.1 61.1 62.2 63.4 Consumption 46.8 49.2 50.6 51.8 52.8 53.9 55.0 56.0 56.9 57.9 59.1 Ending Stocks 3.4 3.7 3.8 3.9 4.0 4.1 4.1 4.1 4.2 4.3 4.3 Net Exports 7.1 7.6 8.1 8.2 8.6 8.8 9.1 9.3 9.5 9.7 9.9 Total Demand 57.3 60.5 62.5 63.9 65.3 66.7 68.1 69.5 70.7 71.9 73.3

Soybean Meal Trade 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Thousand metric tons) Net exporters Argentina 19,219 20,650 24,221 25,624 26,813 24,021 24,912 27,615 26,043 23,667 24,960 Brazil 14,510 14,004 12,700 12,548 11,958 13,026 12,899 13,929 14,648 13,210 13,923 China 643 589-480 835 431 802 1,098 178 853 1,349 1,997 India 3,674 2,230 4,265 4,140 5,280 3,800 3,110 4,792 4,384 4,347 2,735 Paraguay 1,069 648 784 1,095 1,072 1,076 1,124 1,043 523 2,147 2,500 United States 4,431 6,525 7,173 7,845 8,256 7,628 9,980 8,075 8,649 9,917 10,173 Total net exports 43,546 44,646 48,663 52,087 53,810 50,353 53,123 55,632 55,100 54,637 56,288 Net importers Canada 1,011 1,052 1,213 1,278 1,390 1,170 980 866 965 737 741 EU-28 21,729 21,486 22,233 21,818 24,197 20,689 20,408 21,268 19,988 16,405 17,865 Japan 1,195 1,503 1,601 1,737 1,747 1,812 2,106 2,208 2,282 1,765 1,976 South Korea 1,307 1,462 1,773 1,870 1,752 1,697 1,662 1,586 1,533 1,539 1,647 Mexico 791 1,249 1,724 1,775 1,393 1,512 1,203 1,493 1,537 1,282 1,406 Rest of world 16,362 16,218 19,300 21,722 22,128 22,315 24,638 26,574 27,566 28,925 30,320 Total net imports 42,395 42,970 47,844 50,200 52,607 49,195 50,997 53,995 53,871 50,653 53,955 Residual 1,151 1,676 819 1,887 1,203 1,158 2,126 1,637 1,229 3,927 2,333 (Dollars per metric ton) Soymeal price 48%, Decatur 282 202 192 226 370 365 343 381 434 516 540

Soybean Meal Trade 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Thousand metric tons) Net exporters Argentina 27,837 29,684 31,732 33,040 34,065 34,985 35,841 36,767 37,704 38,656 39,664 Brazil 14,083 14,609 15,498 15,893 16,375 16,552 16,478 16,360 16,481 16,551 16,605 China 1,595 1,376 1,338 1,321 1,301 1,308 1,333 1,349 1,355 1,391 1,421 India 2,575 2,944 2,658 2,501 2,478 2,515 2,573 2,683 2,813 2,977 3,159 Paraguay 2,632 2,771 2,887 2,989 3,078 3,153 3,221 3,286 3,349 3,412 3,470 United States 11,474 10,903 10,231 10,162 10,168 10,128 10,313 10,214 9,952 10,075 10,035 Total net exports 60,195 62,286 64,345 65,905 67,465 68,640 69,759 70,659 71,655 73,062 74,353 Net importers Canada 718 645 597 553 508 459 416 379 346 317 298 EU-28 18,941 18,487 19,394 20,205 20,259 20,363 20,742 20,974 21,403 21,771 22,169 Japan 1,944 1,835 1,910 1,989 1,986 1,970 1,967 1,972 2,042 2,096 2,176 South Korea 1,700 1,683 1,763 1,799 1,817 1,838 1,873 1,919 1,983 2,043 2,126 Mexico 1,402 1,304 1,527 1,696 1,810 1,893 2,004 2,114 2,239 2,340 2,445 Rest of world 32,989 35,831 36,655 37,163 38,584 39,616 40,255 40,801 41,143 41,995 42,639 Total net imports 57,695 59,786 61,845 63,405 64,965 66,140 67,259 68,159 69,155 70,562 71,853 Residual 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 (Dollars per metric ton) Soymeal price 48%, Decatur 392 369 370 382 397 404 401 395 383 378 368

Soybean Oil Trade 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Thousand metric tons) Net exporters Argentina 4,238 4,757 5,597 5,970 5,789 4,704 4,453 4,561 3,794 4,244 4,090 Brazil 2,692 2,411 2,438 2,458 2,321 1,903 1,412 1,668 1,885 1,245 1,378 Canada -81-67 -55-55 -30-7 4 34 47 74 61 Paraguay 249 108 182 258 257 226 240 252 123 554 626 United States 286 588 507 834 1,290 954 1,477 1,394 596 893 776 Total net exports 7,384 7,797 8,669 9,465 9,627 7,780 7,586 7,909 6,445 7,010 6,931 Net importers China 2,714 1,688 1,411 2,310 2,625 2,411 1,437 1,267 1,442 1,325 1,259 EU-28-490 -344 446 734 703 397 161 443-356 -711-451 India 901 2,015 1,714 1,439 717 1,058 1,597 945 1,164 1,086 1,829 Japan 24 45 61 50 42 39 26 19 20 38 16 South Korea 206 240 261 298 284 260 305 271 318 284 272 Mexico 84 146 121 137 234 158 190 353 141 190 186 Rest of world 3,634 3,799 3,944 3,939 4,578 3,440 3,427 4,475 3,201 3,828 3,776 Total net imports 7,073 7,589 7,958 8,907 9,183 7,763 7,143 7,773 5,930 6,040 6,887 Residual 311 208 711 558 444 17 443 136 515 972 35 (Dollars per metric ton) Soyoil price, Decatur 661 507 516 684 1,147 709 793 1,173 1,144 1,039 843

Soybean Oil Trade 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Thousand metric tons) Net exporters Argentina 4,343 4,600 4,884 5,078 5,159 5,268 5,408 5,573 5,695 5,793 5,889 Brazil 1,166 1,398 1,581 1,697 1,805 1,877 1,914 1,936 1,894 1,836 1,769 Canada 80 101 117 128 138 149 163 177 191 203 215 Paraguay 628 672 706 730 751 768 785 800 815 829 843 United States 877 821 791 617 703 750 800 864 935 1,044 1,150 Total net exports 7,094 7,592 8,078 8,250 8,555 8,812 9,070 9,349 9,529 9,706 9,865 Net importers China 1,042 1,104 1,159 1,025 1,034 1,123 1,187 1,224 1,266 1,346 1,400 EU-28-470 -570-524 -414-433 -432-427 -439-387 -345-300 India 1,927 1,988 2,136 2,158 2,291 2,367 2,402 2,423 2,446 2,467 2,476 Japan 32 31 26 25 25 27 26 26 25 26 25 South Korea 338 331 340 352 364 378 388 400 412 424 436 Mexico 193 177 175 182 183 184 185 190 200 209 219 Rest of world 3,632 4,131 4,366 4,521 4,690 4,766 4,909 5,126 5,165 5,178 5,209 Total net imports 6,694 7,192 7,678 7,850 8,155 8,412 8,670 8,949 9,129 9,306 9,465 Residual 400 400 400 400 400 400 400 400 400 400 400 (Dollars per metric ton) Soyoil price, Decatur 722 665 695 714 731 728 756 774 780 784 791

World Rapeseed Supply & Utilization 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Million hectares) Area Harvested 25.5 26.7 27.3 26.4 28.3 31.0 31.4 33.8 34.1 36.3 36.1 (Metric tons per hectare) Yield 1.55 1.73 1.78 1.70 1.72 1.86 1.94 1.79 1.80 1.76 1.97 (Million metric tons) Supply 44.4 51.3 57.3 54.7 57.5 70.8 75.0 75.3 78.9 79.8 87.7 Production 39.5 46.2 48.6 45.0 48.6 57.9 61.0 60.6 61.6 63.8 71.1 Beginning stocks 2.2 2.4 5.3 5.8 5.1 4.0 7.3 8.9 8.3 6.6 5.1 Net imports 2.7 2.7 3.4 3.9 3.8 9.0 6.7 5.8 9.0 9.4 11.4 Utilization 41.3 48.6 53.6 51.2 53.1 61.8 68.2 68.7 70.2 70.6 76.1 Crush 36.4 40.6 44.7 43.5 46.7 52.0 56.6 57.9 60.6 62.4 66.4 Other utilization 2.5 2.7 3.1 2.6 2.4 2.5 2.7 2.4 3.0 3.0 3.0 Ending Stocks 2.4 5.3 5.8 5.1 4.0 7.3 8.9 8.3 6.6 5.1 6.7 Net Exports 3.1 2.6 3.7 3.5 4.4 9.0 6.8 6.6 8.8 9.2 11.6 Total Demand 44.4 51.3 57.3 54.7 57.5 70.8 75.0 75.3 78.9 79.8 87.7 Rapeseed Area Harvested 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Million hectares) Canada 4.7 4.9 5.2 5.2 6.3 6.5 6.5 6.9 7.6 8.8 8.0 China 7.2 7.3 7.3 6.0 5.6 6.6 7.3 7.4 7.3 7.4 7.5 EU-28 4.2 4.6 4.9 5.4 6.6 6.2 6.5 7.0 6.7 6.3 6.8 India 6.8 7.2 7.4 6.6 5.7 6.6 6.5 7.3 6.6 6.8 7.1 Japan 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 United States 0.4 0.3 0.5 0.4 0.5 0.4 0.3 0.6 0.4 0.7 0.5 Rest of world 2.2 2.5 2.1 2.7 3.6 4.7 4.3 4.8 5.4 6.3 6.2 World total 25.5 26.7 27.3 26.4 28.3 31.0 31.4 33.8 34.1 36.3 36.1

World Rapeseed Supply & Utilization 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Million hectares) Area Harvested 36.4 36.5 36.4 36.8 37.1 37.4 37.7 38.0 38.3 38.6 38.9 (Metric tons per hectare) Yield 1.98 1.91 1.94 1.96 1.98 1.99 2.01 2.03 2.05 2.07 2.09 (Million metric tons) Supply 88.0 86.8 87.1 88.9 90.5 92.1 94.1 96.0 97.8 99.6 101.4 Production 71.9 70.0 70.6 72.0 73.2 74.5 75.9 77.2 78.5 79.8 81.2 Beginning stocks 6.7 7.2 6.4 6.3 6.4 6.6 6.8 7.0 7.3 7.5 7.7 Net imports 9.3 9.6 10.1 10.5 10.8 11.0 11.5 11.7 12.0 12.3 12.5 Utilization 78.5 77.3 77.2 78.5 79.9 81.3 82.9 84.4 86.0 87.5 89.1 Crush 68.2 67.9 67.8 69.0 70.1 71.3 72.6 73.8 75.1 76.4 77.7 Other utilization 3.1 3.1 3.1 3.1 3.2 3.2 3.3 3.3 3.4 3.4 3.5 Ending Stocks 7.2 6.4 6.3 6.4 6.6 6.8 7.0 7.3 7.5 7.7 7.9 Net Exports 9.5 9.4 9.9 10.3 10.6 10.8 11.3 11.5 11.8 12.1 12.3 Total Demand 88.0 86.8 87.1 88.9 90.5 92.1 94.1 96.0 97.8 99.6 101.4 Rapeseed Area Harvested 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Million hectares) Canada 8.1 8.1 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 8.2 China 7.5 7.6 7.4 7.5 7.5 7.6 7.7 7.7 7.8 7.8 7.8 EU-28 6.8 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 India 7.2 7.0 6.9 6.8 6.9 6.9 6.9 6.9 6.9 6.9 6.9 Japan 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 United States 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 Rest of world 6.2 6.3 6.5 6.7 6.9 7.1 7.3 7.6 7.8 8.1 8.3 World total 36.4 36.5 36.4 36.8 37.1 37.4 37.7 38.0 38.3 38.6 38.9

Rapeseed Trade 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Thousand metric tons) Net exporters Canada 3,520 3,385 5,271 5,257 5,629 7,777 7,044 6,983 8,598 6,986 9,107 India 40 4 2 0 2 1 0 1 0 0 0 Rest of world -487-742 -1,557-1,735-1,214 1,256-197 -367 179 2,224 2,512 Total net exports 3,073 2,647 3,716 3,522 4,417 9,034 6,847 6,617 8,777 9,210 11,619 Net importers China 418 316 676 960 805 3,034 2,177 930 2,622 3,421 5,046 EU-28 44-132 79 354 276 3,231 1,906 2,410 3,603 3,284 3,205 Japan 2,283 2,231 2,281 2,165 2,257 2,123 2,275 2,321 2,350 2,495 2,378 United States -61 327 361 401 451 634 391 188 469 217 775 Total net imports 2,684 2,742 3,397 3,880 3,789 9,022 6,749 5,849 9,044 9,417 11,404 Residual -389 95-319 358-628 -12-98 -768 267 207-215 (Dollars per metric ton) Rapeseed price, Hamburg 317 262 292 375 644 393 419 647 616 579 505

Rapeseed Trade 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Thousand metric tons) Net exporters Canada 8,399 7,929 8,045 8,181 8,313 8,491 8,625 8,719 8,843 8,972 9,090 India 0 0 0 0 0 0 0 0 0 0 0 Rest of world 1,084 1,509 1,841 2,144 2,324 2,330 2,631 2,811 2,954 3,095 3,218 Total net exports 9,484 9,438 9,886 10,325 10,637 10,821 11,256 11,529 11,797 12,066 12,308 Net importers China 3,752 3,691 3,738 4,041 4,117 4,228 4,548 4,619 4,709 4,846 4,950 EU-28 2,403 2,827 3,188 3,291 3,503 3,567 3,672 3,861 4,028 4,158 4,293 Japan 2,452 2,447 2,478 2,492 2,499 2,500 2,502 2,504 2,503 2,502 2,500 United States 732 672 682 701 718 726 734 746 757 760 765 Total net imports 9,339 9,638 10,086 10,525 10,837 11,021 11,456 11,729 11,997 12,266 12,508 Residual -145 200 200 200 200 200 200 200 200 200 200 (Dollars per metric ton) Rapeseed price, Hamburg 419 394 408 419 429 439 443 439 434 432 427

World Rapeseed Products Supply & Utilization 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 Rapeseed Meal (Million metric tons) Supply 24.2 26.7 29.0 28.8 30.9 33.6 36.6 38.7 40.3 41.4 44.1 Production 21.8 24.2 26.5 25.7 27.6 30.7 33.4 34.0 35.7 36.9 39.2 Beginning stocks 0.3 0.5 0.3 0.6 0.3 0.3 0.3 0.5 0.5 0.6 0.4 Net imports 2.1 2.0 2.2 2.5 3.0 2.6 2.9 4.2 4.1 4.0 4.6 Utilization 22.1 24.8 26.9 26.4 27.8 31.0 33.8 34.4 35.9 37.3 39.5 Consumption 21.6 24.4 26.3 26.1 27.5 30.7 33.3 33.9 35.3 37.0 39.1 Ending Stocks 0.5 0.3 0.6 0.3 0.3 0.3 0.5 0.5 0.6 0.4 0.4 Net Exports 2.1 1.9 2.1 2.4 3.1 2.6 2.8 4.3 4.4 4.1 4.6 Total Demand 24.2 26.7 29.0 28.8 30.9 33.6 36.6 38.7 40.3 41.4 44.1 Rapeseed Oil Supply 15.5 16.8 18.7 19.3 20.4 23.0 25.4 26.7 28.1 29.0 31.7 Production 14.2 15.8 17.5 17.2 18.5 20.6 22.5 23.0 24.1 24.9 26.4 Beginning stocks 0.6 0.4 0.5 0.7 0.5 0.8 1.0 1.6 1.2 1.7 2.8 Net imports 0.7 0.6 0.7 1.4 1.3 1.6 2.0 2.1 2.7 2.4 2.5 Utilization 14.8 16.1 17.8 18.1 19.2 21.4 23.6 24.5 25.4 26.5 29.2 Consumption 14.4 15.6 17.1 17.6 18.4 20.4 22.1 23.3 23.7 23.7 25.5 Ending Stocks 0.4 0.5 0.7 0.5 0.8 1.0 1.6 1.2 1.7 2.8 3.7 Net Exports 0.7 0.7 0.9 1.2 1.2 1.6 1.8 2.2 2.7 2.5 2.5 Total Demand 15.5 16.8 18.7 19.3 20.4 23.0 25.4 26.7 28.1 29.0 31.7

World Rapeseed Products Supply & Utilization 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 Rapeseed Meal (Million metric tons) Supply 45.0 45.1 45.0 45.7 46.5 47.2 48.0 48.9 49.8 50.7 51.6 Production 40.2 40.0 40.0 40.7 41.4 42.1 42.9 43.6 44.4 45.1 45.9 Beginning stocks 0.4 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.5 0.5 0.5 Net imports 4.4 4.5 4.6 4.5 4.7 4.6 4.7 4.8 5.0 5.1 5.2 Utilization 40.6 40.5 40.4 41.1 41.8 42.4 43.2 44.0 44.7 45.5 46.3 Consumption 40.1 40.0 39.9 40.6 41.3 42.0 42.8 43.5 44.3 45.0 45.8 Ending Stocks 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.5 0.5 0.5 0.5 Net Exports 4.4 4.6 4.6 4.6 4.7 4.7 4.8 4.9 5.0 5.1 5.3 Total Demand 45.0 45.1 45.0 45.7 46.5 47.2 48.0 48.9 49.8 50.7 51.6 Rapeseed Oil Supply 33.6 33.5 33.4 33.9 34.5 35.1 35.7 36.4 37.0 37.7 38.3 Production 27.2 27.0 27.0 27.5 27.9 28.4 28.9 29.4 29.9 30.4 30.9 Beginning stocks 3.7 3.6 3.6 3.6 3.7 3.8 3.9 4.0 4.0 4.1 4.2 Net imports 2.8 2.8 2.8 2.8 2.9 3.0 3.0 3.1 3.1 3.2 3.2 Utilization 30.8 30.6 30.6 31.0 31.6 32.1 32.7 33.3 33.9 34.5 35.0 Consumption 27.1 27.0 27.0 27.3 27.8 28.3 28.7 29.2 29.7 30.2 30.7 Ending Stocks 3.6 3.6 3.6 3.7 3.8 3.9 4.0 4.0 4.1 4.2 4.3 Net Exports 2.8 2.8 2.9 2.9 2.9 3.0 3.0 3.1 3.2 3.3 3.2 Total Demand 33.6 33.5 33.4 33.9 34.5 35.1 35.7 36.4 37.0 37.7 38.3

Rapeseed Meal Trade 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Thousand metric tons) Net exporters Canada 1,569 1,412 1,489 1,481 1,852 1,856 1,927 2,965 3,328 3,334 3,413 India 633 546 679 984 1,177 774 786 1,311 1,000 901 1,327 EU-28-60 -41-36 -43 76-6 84 18 40-143 -96 Total net exports 2,142 1,917 2,132 2,422 3,105 2,624 2,797 4,294 4,368 4,092 4,644 Net importers China -83 15 112 274 213-8 866 1,408 615 5 277 Japan 19 27 31 64 10 109 58 25 7 75 74 United States 1,450 1,303 1,412 1,437 1,715 1,626 1,132 1,978 2,722 3,058 3,340 Rest of world 757 632 622 735 1,034 895 879 757 722 830 878 Total net imports 2,143 1,977 2,177 2,510 2,972 2,622 2,935 4,168 4,066 3,968 4,569 Residual 1 60 45 88-133 -2 138-126 -302-124 -75 (Dollars per metric ton) Rapemeal price, Hamburg 178 131 129 184 298 195 221 278 295 353 323

Rapeseed Meal Trade 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 Net exporters Canada 3,426 3,527 3,551 3,588 3,629 3,654 3,678 3,710 3,738 3,758 3,777 India 1,129 1,167 1,107 1,108 1,124 1,129 1,137 1,161 1,182 1,192 1,204 EU-28-114 -80-31 -72-11 -58-22 42 115 187 272 Total net exports 4,441 4,614 4,627 4,623 4,742 4,724 4,793 4,914 5,035 5,137 5,253 Net importers China 20 118 137 123 244 331 272 334 407 455 560 Japan 91 114 95 78 62 54 62 75 95 119 118 United States 3,358 3,519 3,588 3,608 3,611 3,624 3,683 3,749 3,833 3,928 4,024 Rest of world 897 788 732 740 749 640 700 680 625 560 476 Total net imports 4,366 4,539 4,552 4,548 4,667 4,649 4,718 4,839 4,960 5,062 5,178 Residual -75-75 -75-75 -75-75 -75-75 -75-75 -75 (Dollars per metric ton) Rapemeal price, Hamburg 267 245 247 259 271 278 274 268 260 253 243

Rapeseed Oil Trade 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Thousand metric tons) Net exporters Canada 944 906 1,049 1,129 1,271 1,416 1,609 2,296 2,584 2,346 2,265 Rest of world -253-229 -190 57-94 202 176-66 98 137 260 Total net exports 691 677 859 1,186 1,177 1,618 1,785 2,230 2,682 2,483 2,525 Net importers China 363 200-90 276 269 444 780 644 1,030 1,592 896 EU-28-104 -70 231 676 159 318 333 278 377-251 -10 India -2-1 -2-2 -1 39 16 3 96 6 158 Japan 37 65 28 18 17 17 8 25 29 20 8 United States 429 392 512 426 858 801 816 1,189 1,191 1,037 1,419 Total net imports 723 586 679 1,394 1,302 1,619 1,953 2,139 2,723 2,404 2,471 Residual -32 91 180-208 -125-1 -168 91-41 79 54 (Dollars per metric ton) Rapeoil price, Rotterdam 670 660 770 852 1,410 868 927 1,367 1,258 1,127 954

Rapeseed Oil Trade 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Thousand metric tons) Net exporters Canada 2,552 2,519 2,540 2,563 2,587 2,600 2,623 2,650 2,674 2,693 2,712 Rest of world 285 323 322 321 354 413 427 458 503 558 528 Total net exports 2,837 2,842 2,862 2,884 2,941 3,013 3,050 3,108 3,178 3,251 3,239 Net importers China 1,363 959 936 975 996 932 964 1,011 1,075 1,141 1,364 EU-28-77 18 20-23 -55 3-57 -117-160 -191-178 India 156 228 197 190 203 219 231 260 267 268-16 Japan 7 15 16 15 16 16 16 16 17 17 17 United States 1,335 1,568 1,638 1,673 1,728 1,789 1,842 1,884 1,924 1,962 1,998 Total net imports 2,783 2,788 2,808 2,830 2,887 2,959 2,996 3,054 3,124 3,197 3,185 Residual 54 54 54 54 54 54 54 54 54 54 54 (Dollars per metric ton) Rapeoil price, Rotterdam 825 765 790 812 830 832 859 877 885 892 900

World Sunflowerseed Supply & Utilization 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Million hectares) Area Harvested 23.0 20.8 22.8 23.4 21.0 23.6 22.9 22.9 24.8 23.8 24.7 (Metric tons per hectare) Yield 1.17 1.22 1.33 1.29 1.30 1.41 1.39 1.44 1.60 1.51 1.74 (Million metric tons) Supply 30.0 28.9 33.5 34.2 31.6 37.6 36.6 36.6 43.1 39.0 46.1 Production 26.9 25.3 30.2 30.2 27.4 33.3 31.8 33.1 39.7 36.0 42.9 Beginning stocks 2.5 3.3 2.9 3.4 4.0 3.7 3.9 2.7 2.4 2.4 2.6 Net imports 0.6 0.4 0.4 0.7 0.3 0.6 0.9 0.8 1.0 0.6 0.5 Utilization 29.3 28.5 33.0 33.4 31.2 36.7 35.7 35.6 41.8 38.2 45.1 Crush 22.7 22.4 26.0 26.2 24.6 29.0 29.2 29.4 35.7 32.0 38.1 Other utilization 3.3 3.3 3.6 3.3 2.8 3.7 3.7 3.8 3.8 3.6 3.7 Ending Stocks 3.3 2.9 3.4 4.0 3.7 3.9 2.7 2.4 2.4 2.6 3.3 Net Exports 0.7 0.4 0.5 0.8 0.5 0.9 1.0 1.0 1.2 0.8 0.9 Total Demand 30.0 28.9 33.5 34.2 31.6 37.6 36.6 36.6 43.1 39.0 46.1 Sunflowerseed Area Harvested 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Million hectares) Argentina 1.8 1.9 2.2 2.4 2.6 1.8 1.5 1.7 1.8 1.6 1.3 China 1.2 0.9 1.0 0.8 0.7 1.0 1.0 1.0 0.9 0.9 1.0 EU-28 4.2 3.7 3.6 4.0 3.3 3.8 3.9 3.7 4.3 4.3 4.5 India 2.8 2.3 2.4 2.1 1.6 1.5 1.4 0.8 0.7 0.8 0.8 Kazakhstan 0.4 0.5 0.5 0.5 0.4 0.5 0.6 0.7 1.0 0.7 0.8 Russia 4.9 4.7 5.4 5.9 5.0 6.0 5.6 5.6 7.2 6.1 6.8 Turkey 0.5 0.5 0.4 0.5 0.5 0.5 0.5 0.5 0.5 0.6 0.7 Ukraine 3.8 3.4 3.8 4.2 3.4 4.5 5.0 5.4 5.4 5.5 5.6 United States 0.9 0.7 1.1 0.7 0.8 1.0 0.8 0.8 0.6 0.7 0.6 Rest of world 2.5 2.3 2.4 2.4 2.7 3.1 2.6 2.8 2.4 2.5 2.6 World total 23.0 20.8 22.8 23.4 21.0 23.6 22.9 22.9 24.8 23.8 24.7

World Sunflowerseed Supply & Utilization 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Million hectares) Area Harvested 23.9 25.3 25.8 26.1 26.3 26.5 26.7 26.9 27.0 27.1 27.2 (Metric tons per hectare) Yield 1.67 1.61 1.64 1.66 1.69 1.72 1.74 1.77 1.80 1.82 1.85 (Million metric tons) Supply 44.1 44.1 45.7 46.9 48.0 49.2 50.3 51.4 52.5 53.5 54.5 Production 40.0 40.7 42.3 43.4 44.5 45.6 46.6 47.6 48.5 49.4 50.3 Beginning stocks 3.3 2.6 2.5 2.6 2.7 2.7 2.8 2.9 3.0 3.1 3.2 Net imports 0.9 0.8 0.9 0.9 0.9 0.9 0.9 0.9 1.0 1.0 1.0 Utilization 43.0 43.1 44.6 45.8 46.9 48.1 49.2 50.3 51.3 52.3 53.3 Crush 36.8 36.8 38.1 39.2 40.3 41.2 42.2 43.1 44.0 44.8 45.6 Other utilization 3.7 3.8 3.9 3.9 4.0 4.0 4.1 4.2 4.2 4.3 4.4 Ending Stocks 2.6 2.5 2.6 2.7 2.7 2.8 2.9 3.0 3.1 3.2 3.3 Net Exports 1.1 1.0 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.3 1.3 Total Demand 44.1 44.1 45.7 46.9 48.0 49.2 50.3 51.4 52.5 53.5 54.5 Sunflowerseed Area Harvested 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Million hectares) Argentina 1.4 1.5 1.5 1.5 1.5 1.5 1.4 1.4 1.4 1.4 1.4 China 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 EU-28 4.2 4.3 4.4 4.4 4.4 4.5 4.5 4.5 4.5 4.5 4.5 India 0.7 0.8 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.5 Kazakhstan 0.8 0.9 0.9 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.1 Russia 6.5 7.0 7.3 7.4 7.5 7.6 7.7 7.8 7.8 7.9 7.9 Turkey 0.5 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.7 Ukraine 5.6 5.8 5.9 6.1 6.2 6.3 6.4 6.5 6.5 6.6 6.6 United States 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 Rest of world 2.5 2.7 2.7 2.8 2.8 2.8 2.8 2.8 2.8 2.8 2.8 World total 23.9 25.3 25.8 26.1 26.3 26.5 26.7 26.9 27.0 27.1 27.2

Sunflowerseed Trade 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Thousand metric tons) Net exporters Argentina 18 88 17 32-59 -54 51 70 73 77 78 China 72 113 111 93 142 107 125 171 183 156 112 EU-28-667 125-259 186 210-141 298 218 316 307 394 India 2 2 3-1 4 5 4 6 4 4 4 Kazakhstan -22-18 -67-53 -26-72 8 0 29 29 138 Russia 302 35 385 152 26 148-3 -34 304 3 95 Ukraine 926 6 215 330 67 761 346 432 265 107 55 United States 80 97 139 70 113 114 133 119 62 82 55 Total net exports 711 448 544 809 477 868 962 982 1,236 765 931 Net importers Turkey 655 522 398 486 525 433 716 679 796 590 550 Rest of world -21-159 14 182-275 152 179 91 159 48-28 Total net imports 634 363 412 668 250 585 895 770 955 638 522 Residual 77 85 132 141 227 283 67 212 281 127 409 (Dollars per metric ton) Sunflowerseed, Rotterdam 321 313 291 401 745 364 452 661 593 580 466

Sunflowerseed Trade 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Thousand metric tons) Net exporters Argentina 79 99 72 54 68 78 94 92 89 95 100 China 223 239 163 170 135 108 96 76 49 29 4 EU-28 391 253 278 279 278 264 287 404 545 613 650 India 4 4 4 4 4 4 4 4 4 4 4 Kazakhstan 95 124 136 134 134 137 138 138 136 134 132 Russia 13 59 114 102 96 141 143 137 120 117 116 Ukraine 188 113 203 214 212 204 193 181 170 180 185 United States 102 147 161 165 165 158 145 124 102 80 65 Total net exports 1,095 1,039 1,130 1,121 1,092 1,093 1,100 1,156 1,216 1,253 1,256 Net importers Turkey 832 849 887 914 908 884 881 917 954 992 1,026 Rest of world 55-18 35-1 -23 1 11 31 54 53 22 Total net imports 887 831 922 913 884 885 892 948 1,008 1,045 1,048 Residual 208 208 208 208 208 208 208 208 208 208 208 (Dollars per metric ton) Sunflowerseed, Rotterdam 442 418 425 443 457 461 465 462 456 448 444

World Sunflowerseed Products Supply & Utilization 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 Sunflowerseed Meal (Million metric tons) Supply 12.8 12.4 14.6 14.8 13.6 16.7 16.7 17.2 22.1 19.5 22.1 Production 10.2 10.0 11.5 11.5 10.7 12.8 12.9 13.0 15.7 14.0 16.6 Beginning stocks 0.2 0.2 0.2 0.3 0.3 0.3 0.6 0.6 0.7 1.1 0.4 Net imports 2.4 2.2 2.9 3.0 2.6 3.7 3.2 3.6 5.8 4.3 5.0 Utilization 10.2 10.0 11.5 11.7 10.5 12.7 12.9 12.9 15.7 14.8 16.3 Consumption 10.0 9.7 11.1 11.4 10.2 12.1 12.3 12.2 14.5 14.3 15.5 Ending Stocks 0.2 0.2 0.3 0.3 0.3 0.6 0.6 0.7 1.1 0.4 0.8 Net Exports 2.6 2.5 3.2 3.2 3.1 4.0 3.8 4.3 6.4 4.7 5.8 Total Demand 12.8 12.4 14.6 14.8 13.6 16.7 16.7 17.2 22.1 19.5 22.1 Sunflowerseed Oil Supply 11.2 11.4 14.3 14.4 13.0 16.2 16.8 16.4 20.5 19.4 22.7 Production 9.2 9.2 10.7 10.7 10.2 12.0 12.1 12.2 14.7 13.3 15.8 Beginning stocks 0.7 0.7 0.9 1.1 1.0 1.0 1.7 1.5 1.1 2.1 1.7 Net imports 1.3 1.5 2.6 2.6 1.9 3.2 2.9 2.7 4.6 4.0 5.3 Utilization 9.2 9.5 11.0 11.1 10.3 12.5 13.1 12.8 15.0 14.8 17.0 Consumption 8.5 8.5 9.9 10.2 9.3 10.8 11.6 11.7 12.9 13.1 14.9 Ending Stocks 0.7 0.9 1.1 1.0 1.0 1.7 1.5 1.1 2.1 1.7 2.1 Net Exports 2.0 1.9 3.3 3.3 2.7 3.7 3.7 3.6 5.4 4.5 5.8 Total Demand 11.2 11.4 14.3 14.4 13.0 16.2 16.8 16.4 20.5 19.4 22.7

World Sunflowerseed Products Supply & Utilization 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 Sunflowerseed Meal (Million metric tons) Supply 21.7 21.6 22.4 23.2 23.9 24.5 25.1 25.7 26.3 26.8 27.3 Production 16.2 16.1 16.6 17.1 17.5 18.0 18.4 18.7 19.1 19.4 19.7 Beginning stocks 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.9 1.0 Net imports 4.7 4.7 5.0 5.3 5.5 5.7 5.9 6.1 6.3 6.5 6.6 Utilization 16.2 16.1 16.7 17.2 17.6 18.0 18.5 18.9 19.2 19.6 20.0 Consumption 15.5 15.4 15.9 16.3 16.8 17.2 17.6 18.0 18.3 18.6 19.0 Ending Stocks 0.8 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.9 1.0 1.0 Net Exports 5.5 5.5 5.7 6.0 6.2 6.5 6.7 6.9 7.1 7.2 7.4 Total Demand 21.7 21.6 22.4 23.2 23.9 24.5 25.1 25.7 26.3 26.8 27.3 Sunflowerseed Oil Supply 22.4 22.1 23.0 23.8 24.6 25.3 25.9 26.6 27.2 27.8 28.3 Production 15.3 15.3 15.8 16.3 16.7 17.1 17.5 17.9 18.3 18.6 18.9 Beginning stocks 2.1 1.8 1.8 1.9 2.0 2.1 2.1 2.1 2.2 2.2 2.3 Net imports 5.1 5.0 5.4 5.6 5.9 6.1 6.3 6.6 6.8 7.0 7.1 Utilization 17.0 16.7 17.3 17.8 18.3 18.8 19.3 19.7 20.1 20.5 20.8 Consumption 15.2 14.9 15.4 15.8 16.3 16.7 17.1 17.5 17.9 18.2 18.5 Ending Stocks 1.8 1.8 1.9 2.0 2.1 2.1 2.1 2.2 2.2 2.3 2.3 Net Exports 5.4 5.4 5.7 6.0 6.2 6.4 6.7 6.9 7.1 7.3 7.5 Total Demand 22.4 22.1 23.0 23.8 24.6 25.3 25.9 26.6 27.2 27.8 28.3

Sunflowerseed Meal Trade 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Thousand metric tons) Net exporters Argentina 945 1,106 979 766 1,063 719 586 740 839 327 250 India 8 5 1 0 10 18-4 4-18 -90-29 Kazakhstan 59 47 62 80 55 48 48 50 99 52 50 Russia 476 440 795 836 651 965 658 566 1,681 1,360 1,750 Ukraine 1,089 862 1,337 1,483 1,272 2,209 2,516 2,926 3,836 3,050 3,750 United States -8 3 1-7 17 7 6 3 3 19-3 Total net exports 2,569 2,463 3,175 3,158 3,068 3,966 3,810 4,289 6,440 4,718 5,768 Net importers China 14 10 9 4-3 -6 3 0-1 -1 0 EU-28 1,702 1,486 1,733 1,641 1,513 2,438 1,947 2,147 3,734 2,907 3,191 Turkey 312 281 385 403 222 306 427 500 737 431 720 Rest of world 342 469 792 936 826 920 812 911 1,311 999 1,115 Total net imports 2,370 2,246 2,919 2,984 2,558 3,658 3,189 3,558 5,781 4,336 5,026 Residual 199 217 256 174 510 308 621 731 659 382 742 (Dollars per metric ton) Sunmeal price, Rotterdam 149 120 122 178 298 178 228 254 263 318 315

Sunflowerseed Meal Trade 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Thousand metric tons) Net exporters Argentina 289 351 338 315 287 252 218 198 180 161 143 India -30-30 -30-30 -30-30 -30-30 -30-30 -30 Kazakhstan 30 28 33 37 41 46 53 61 68 75 80 Russia 1,444 1,486 1,617 1,696 1,770 1,812 1,862 1,913 1,954 1,985 2,013 Ukraine 3,746 3,614 3,783 3,975 4,172 4,366 4,548 4,721 4,883 5,022 5,153 United States 5 5 5 5 5 5 5 5 5 5 5 Total net exports 5,484 5,454 5,746 5,998 6,246 6,451 6,655 6,869 7,059 7,218 7,364 Net importers China -14-18 -22-27 -28-26 -22-17 -7 3 13 EU-28 3,057 3,023 3,233 3,389 3,513 3,566 3,633 3,730 3,789 3,884 3,959 Turkey 636 684 701 714 752 808 862 898 934 969 1,004 Rest of world 1,063 1,022 1,093 1,180 1,266 1,361 1,440 1,515 1,602 1,620 1,647 Total net imports 4,742 4,712 5,004 5,256 5,504 5,709 5,913 6,127 6,317 6,476 6,622 Residual 742 742 742 742 742 742 742 742 742 742 742 (Dollars per metric ton) Sunmeal price, Rotterdam 281 224 225 236 251 254 248 242 234 226 215

Sunflowerseed Oil Trade 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Thousand metric tons) Net exporters Argentina 1,006 1,175 1,221 851 1,219 850 578 978 790 353 350 Kazakhstan -17-31 -42-24 -75-93 -76-29 13 9 13 Russia -43 92 506 596 178 765 449 32 1,413 921 1,540 Ukraine 978 640 1,514 1,867 1,324 2,098 2,644 2,651 3,262 3,244 3,850 United States 95 23 69 6 30 61 76-9 -55-4 2 Total net exports 2,019 1,899 3,268 3,296 2,676 3,681 3,671 3,623 5,423 4,523 5,755 Net importers China 49 35 10 94-1 124 169 22 121 362 531 EU-28 290 694 1,123 1,072 1,093 933 815 652 785 701 667 India 79 3 113 203 18 582 610 775 1,113 938 1,526 Turkey 67 130 352 111 272 301 116 244 380 368 250 Rest of world 816 634 1,051 1,094 498 1,251 1,197 1,045 2,218 1,582 2,284 Total net imports 1,301 1,496 2,649 2,574 1,880 3,191 2,907 2,738 4,617 3,951 5,258 Residual 718 403 619 722 796 490 764 885 806 572 497 (Dollars per metric ton) Sunoil price, NW Europe 703 635 846 1,639 837 956 1,404 1,254 1,189 929 881

Sunflowerseed Oil Trade 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Thousand metric tons) Net exporters Argentina 373 415 382 342 297 255 215 182 150 116 85 Kazakhstan -2-4 1 3 5 8 11 16 20 24 27 Russia 1,386 1,364 1,567 1,656 1,771 1,858 1,957 2,060 2,155 2,242 2,309 Ukraine 3,699 3,607 3,773 3,958 4,146 4,332 4,508 4,672 4,824 4,955 5,077 United States -21-8 -4-6 -10-15 -16-16 -15-14 -11 Total net exports 5,434 5,375 5,717 5,953 6,208 6,438 6,676 6,915 7,134 7,323 7,486 Net importers China 528 444 506 543 581 606 631 656 682 707 733 EU-28 484 435 463 487 482 475 465 500 542 559 551 India 1,478 1,534 1,666 1,729 1,850 1,922 1,982 2,038 2,094 2,150 2,200 Turkey 259 311 372 395 419 455 484 498 512 528 542 Rest of world 2,328 2,295 2,354 2,442 2,519 2,623 2,757 2,865 2,947 3,022 3,103 Total net imports 5,077 5,018 5,360 5,596 5,851 6,081 6,319 6,558 6,777 6,966 7,129 Residual 357 357 357 357 357 357 357 357 357 357 357 (Dollars per metric ton) Sunoil price, NW Europe 881 819 834 856 871 874 904 922 929 933 944

World Palm Oil Supply & Utilization 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Million metric tons) Supply 52.0 59.0 63.2 65.7 73.1 78.8 82.1 85.7 91.5 100.3 102.4 Production 30.0 33.5 35.8 37.4 41.2 44.2 46.1 48.8 52.1 56.1 59.1 Beginning stocks 3.5 4.2 4.6 4.8 5.1 4.7 5.2 5.6 6.1 7.3 7.3 Net imports 18.6 21.3 22.9 23.5 26.8 29.9 30.8 31.3 33.3 36.9 36.0 Utilization 32.7 36.0 38.4 40.6 44.4 47.8 50.1 53.4 57.1 61.9 63.9 Consumption 28.5 31.5 33.6 35.6 39.7 42.6 44.6 47.3 49.8 54.5 56.6 Ending Stocks 4.2 4.6 4.8 5.1 4.7 5.2 5.6 6.1 7.3 7.3 7.3 Net Exports 19.4 22.9 24.8 25.1 28.7 31.0 32.0 32.3 34.4 38.5 38.6 Total Demand 52.0 59.0 63.2 65.7 73.1 78.8 82.1 85.7 91.5 100.3 102.4 Palm Oil Production 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 (Thousand metric tons) India 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Indonesia 12.0 13.6 15.6 16.6 18.0 20.5 22.0 23.6 26.2 28.5 30.5 Malaysia 13.4 15.2 15.5 15.3 17.6 17.3 17.8 18.2 18.2 19.3 20.2 Nigeria 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.9 0.9 0.9 0.9 Thailand 0.8 0.8 0.8 1.2 1.1 1.5 1.3 1.8 1.9 2.1 2.2 Rest of world 2.9 3.1 3.1 3.4 3.7 4.0 4.2 4.3 4.9 5.2 5.3 World total 30.0 33.5 35.8 37.4 41.2 44.2 46.1 48.8 52.1 56.1 59.1

World Palm Oil Supply & Utilization 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Million metric tons) Supply 108.5 113.3 116.3 119.6 122.9 126.3 129.4 133.2 137.3 141.4 146.3 Production 62.8 65.2 66.8 68.7 70.7 72.7 74.5 76.7 79.1 81.4 84.2 Beginning stocks 7.3 8.0 8.3 8.5 8.7 8.9 9.1 9.3 9.5 9.7 10.0 Net imports 38.4 40.1 41.2 42.3 43.5 44.7 45.8 47.2 48.7 50.3 52.2 Utilization 68.0 71.1 73.1 75.2 77.4 79.5 81.6 83.9 86.5 89.1 92.1 Consumption 60.1 62.8 64.6 66.5 68.5 70.4 72.3 74.5 76.8 79.1 81.8 Ending Stocks 8.0 8.3 8.5 8.7 8.9 9.1 9.3 9.5 9.7 10.0 10.3 Net Exports 40.5 42.2 43.2 44.4 45.6 46.7 47.8 49.2 50.8 52.3 54.3 Total Demand 108.5 113.3 116.3 119.6 122.9 126.3 129.4 133.2 137.3 141.4 146.3 Palm Oil Production 14/15 15/16 16/17 17/18 18/19 19/20 20/12 21/22 22/23 23/24 24/25 (Thousand metric tons) India 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Indonesia 33.0 34.2 35.1 36.1 37.1 38.2 39.1 40.4 41.9 43.3 45.3 Malaysia 21.3 21.9 22.3 22.9 23.6 24.2 24.8 25.4 26.0 26.5 27.0 Nigeria 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.1 1.1 1.1 Thailand 2.3 2.3 2.4 2.5 2.5 2.6 2.7 2.7 2.8 2.8 2.9 Rest of world 5.3 5.8 6.0 6.2 6.5 6.7 6.9 7.1 7.4 7.6 7.9 World total 62.8 65.2 66.8 68.7 70.7 72.7 74.5 76.7 79.1 81.4 84.2