Palm and Soy Oil Use Expands at Expense of Other Oils

United States Department of Agriculture Foreign Agricultural Service September 2015 Revised on September 15, 2015 Palm and Soy Oil Use Expands at Expense of Other Oils As global demand for vegetable oil grows, an increasing proportion of food use is being satisfied by palm and soy oil. These two oils now account for nearly twothirds of food oil consumption. Oil palm plantations have expanded over the past several years, especially in Indonesia and Malaysia. As a result, an ever-increasing quantity of palm oil is being supplied to the global market. Likewise, record 2014/15 soybean production in both the United States and South America ensures ample supplies and growing availability of soy oil. Meanwhile, significant declines in rapeseed, sunflowerseed, and cottonseed production are limiting supplies of these oils and encouraging a switch to palm and soy. Price relationships among the various oils are also impacting purchasing decisions. Premiums for rapeseed, sunflowerseed, and cottonseed oils have increased in recent months reflecting tighter supplies. Consequently, price-sensitive buyers are switching to soy oil as a cheaper alternative soft oil. Palm oil remains the lowestpriced oil, though its discount to soy has narrowed in recent months. For an email subscription, click here to register: https://public.govdelivery.com/accounts/usdafas/subscriber/new Approved by the World Agricultural Outlook Board/USDA

Subject Line: World Agricultural Supply and Demand Estimates: Minor Revision to Soybean Oil Stocks in Uruguay Impacting the Reported World Total. September 15, 2015 USDA has updated the September World Agricultural Supply and Demand Estimates (WASDE) World Soybean Oil Supply and Use table (page 30) to reflect a correction in data for Uruguay soybean oil beginning stocks, which impacts the reported world total soybean oil beginning stocks, domestic total use, and ending stocks. This correction is also reflected in the World and Foreign vegetable oils balances that appear in the World and U.S. Supply and Use for Oilseeds table (page 10). At the same time, USDA has updated the September Oilseeds: World Markets and Trade and PSD Online Database. Minor revisions to soybean oil stocks in Uruguay impacts reported totals in Table 3: Major Vegetable Oils and Table 9: Soybean Oil. REVISED PSD: September 15, 2015 Oil, Soybean 2008 2009 2010 2011 2012 2013 2014 2015 Uruguay 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 Crush 45 50 50 85 85 85 200 200 Extr. Rate, 999.9999 0.1778 0.18 0.18 0.1882 0.1882 0.1882 0.185 0.185 Beginning Stocks 4 6 11 10 15 13 6 11 Production 8 9 9 16 16 16 37 37 MY 15 24 19 19 22 20 23 23 Total Supply 27 39 39 45 53 49 66 71 MY Exports 0 1 0 0 0 0 0 0 MY Exp. to EU 0 1 0 0 0 0 0 0 Industrial Dom. Cons. 0 0 5 10 20 23 31 32 Food Use Dom. Cons. 21 27 24 20 20 20 24 25 Feed Waste Dom. Cons. 0 0 0 0 0 0 0 0 Total Dom. Cons. 21 27 29 30 40 43 55 57 Ending Stocks 6 11 10 15 13 6 11 14 Total Distribution 27 39 39 45 53 49 66 71

ORIGINAL PSD: September 11, 2015 Oil, Soybean 2008 2009 2010 2011 2012 2013 2014 2015 Uruguay 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 Crush 45 50 50 85 85 85 200 200 Extr. Rate, 999.9999 0.1778 0.18 0.18 0.1882 0.1882 0.1882 0.185 0.185 Beginning Stocks 4 6 11 10 15 23 30 31 Production 8 9 9 16 16 16 37 37 MY 15 24 19 19 22 20 23 23 Total Supply 27 39 39 45 53 59 90 91 MY Exports 0 1 0 0 0 0 0 0 MY Exp. to EU 0 1 0 0 0 0 0 0 Industrial Dom. Cons. 0 0 5 10 20 29 33 34 Food Use Dom. Cons. 43 70 95 120 140 160 215 250 Feed Waste Dom. Cons. 0 0 0 0 0 0 0 0 Total Dom. Cons. 43 70 100 130 160 189 248 284 Ending Stocks 6 11 10 15 23 30 31 55 Total Distribution 49 82 110 145 183 219 279 339 DIFFERENCES Oil, Soybean 2008 2009 2010 2011 2012 2013 2014 2015 Uruguay 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 Crush - - - - - - - - Extr. Rate, 999.9999 - - - - - - - - Beginning Stocks - - - - - (10) (24) (20) Production - - - - - - - - MY - - - - - - - - Total Supply - - - - - (10) (24) (20) MY Exports - - - - - - - - MY Exp. to EU - - - - - - - - Industrial Dom. Cons. - - - - - (6) (2) (2) Food Use Dom. Cons. (22) (43) (71) (100) (120) (140) (191) (225) Feed Waste Dom. Cons. - - - - - - - - Total Dom. Cons. (22) (43) (71) (100) (120) (146) (193) (227) Ending Stocks - - - - (10) (24) (20) (41) Total Distribution (22) (43) (71) (100) (130) (170) (213) (268)

OVERVIEW Global soybean production is reduced this month as lower production in Canada and Ukraine is only partially offset by a higher U.S. production forecast. Trade is lowered this month due to a reduction in Ukraine s exportable supplies. However, global exports remain at a record level. Global stocks are reduced, reflecting a lower production and carry-over from last year forecast. The U.S. seasonaverage farm price is unchanged. 2014/15 Global soybean production is unchanged this month. Exports are raised on larger shipments from Brazil and Ukraine. Ending stocks are reduced in response to growing consumption and trade. SOYBEAN PRICES U.S. export bids, FOB Gulf, in August averaged $375/ton, down $29 from last month, reflecting a higherthan-expected production estimate for the new crop. As of the week ending September 3, U.S. 2014/15 soybean commitments (outstanding sales plus accumulated exports) to China totaled 29.6 million tons compared to 27.9 million a year ago. Total commitments to the world are 50.6 million tons, compared to 45.9 million for the same period last year. As of the week ending September 3, U.S. soybean commitments (outstanding sales plus accumulated exports) to China totaled 6.1 million tons, compared to 13.3 million a year ago. Total commitments to the world are 16.1 million tons, compared to 24.0 million for the same period last year. 2014/15 TRADE OUTLOOK United States o Soybean meal exports are up 363,000 tons to 11.8 million. o Soybean oil exports are raised 272,000 tons to 930,000. o Rapeseed meal imports are up 136,000 tons to 3.6 million. Argentina o Soybean meal exports are up 650,000 tons to 28.5 million on expanding crush and stronger demand as prices decline. o Soybean oil exports are raised 225,000 tons to 4.9 million reflecting a strong pace of trade and growing vegetable oil demand mainly in India.

Brazil o Soybean exports are up 200,000 tons to 50.0 million on a stronger pace of trade to date, encouraged by a weak real and growing sales to China. o Soybean meal exports are down 300,000 tons to 14.7 million, reflecting the current pace of trade and slowing crush. o Soybean oil exports are raised 110,000 tons to 1.5 million on strong August shipments. Canada rapeseed exports are up 407,000 tons to 9.2 million following the release of final marketing year trade statistics. China o Rapeseed imports are raised 100,000 tons to 4.6 million based on strong end-of-season purchases. o Palm oil imports are up 150,000 tons to 5.5 million on large purchases at the end of the current marketing year. Cuba soybean meal imports are raised 160,000 tons to 480,000 on a stronger pace of trade. India o Peanut exports are up 200,000 tons to 775,000 reflecting larger shipments to Southeast Asia. o Soybean oil imports are raised 150,000 tons to 2.7 million on near-record July shipments. o Palm oil imports are raised 150,000 tons to 9.4 million on large shipments. Nigeria soybean meal imports are up 105,000 tons to 130,000 based on stronger pace of trade and growing demand for protein feed. Pakistan soybean imports are reduced 100,000 tons to 350,000, while soybean meal imports are up 150,000 tons to 900,000 as crush expansion is more moderate than anticipated. Turkey soybean imports are raised 100,000 tons to 2.1 million on a stronger pace of trade towards the end of the marketing year. Ukraine soybean exports are up 100,000 tons to 2.4 million and sunflowerseed oil exports are raised 150,000 tons to 3.9 million, both reflecting a stronger export pace in the latter months of the marketing year. Uruguay soybean meal imports are up 100,000 tons to 240,000 on early marketing year trade to date. Vietnam soybean meal imports are raised 450,000 tons to 4.2 million reflecting recent strong purchases from Argentina. TRADE OUTLOOK United States rapeseed meal imports are raised 211,000 tons to 3.4 million. Argentina soybean oil exports are up 100,000 tons to 5.2 million reflecting growing crush and larger exportable supplies. Canada rapeseed meal exports are up 100,000 tons to 3.5 million reflecting a larger crush forecast. Cuba soybean meal imports are up 160,000 tons to 500,000 reflecting growing demand for protein feed. European Union sunflowerseed exports are reduced 100,000 tons to 400,000 on lower domestic production. India palm oil imports are raised 150,000 tons to 9.9 million on growing oil demand. Moldova sunflowerseed exports are slashed 100,000 tons to 140,000 on a lower production forecast.

Nigeria soybean meal imports are up 125,000 tons to 150,000 reflecting growing demand for protein feed. Pakistan soybean meal imports are up 200,000 tons to 900,000 while soybean imports are down 150,000 tons to 850,000 as meal trade remains profitable despite higher tariffs. Turkey o Sunflowerseed imports are down 150,000 tons to 400,000 reflecting lower exportable supplies, primarily in the EU. o Palm oil imports are raised 150,000 tons to 800,000 on lower availability of sunflowerseed oil, both domestically produced and imported. Ukraine soybean exports are down 650,000 tons to 2.4 million following a lower production forecast. Uruguay soybean meal imports are up 100,000 tons to 250,000 on expected demand. Vietnam soybean meal imports are raised 350,000 tons to 4.6 million reflecting continued strong growth in feed demand. Questions may be directed to: Bill George (202) 720-6234 Bill.George@fas.usda.gov Rachel Trego (202) 720-1073 Rachel.Trego@fas.usda.gov Agata Kingsbury (202) 260-8910 Agata.Kingsbury@fas.usda.gov To download the tables in the publication, go to the Production, Supply and Distribution Database (PSD Online): (http://apps.fas.usda.gov/psdonline/psdhome.aspx), scroll down to Reports, and click the plus sign [+] next to Oilseeds. The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m. FAS Reports and Databases: Current World Markets and Trade and World Agricultural Production Reports: http://apps.fas.usda.gov/psdonline/psddatapublications.aspx Archives World Markets and Trade and World Agricultural Production Reports: http://usda.mannlib.cornell.edu/mannusda/viewtaxonomy.do?taxonomyid=7 Production, Supply and Distribution Database (PSD Online): http://apps.fas.usda.gov/psdonline/psdhome.aspx Global Agricultural Trade System (U.S. Exports and ): http://apps.fas.usda.gov/gats/default.aspx Export Sales Report: http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports): http://gain.fas.usda.gov/pages/default.aspx

Other USDA Reports: World Agricultural Supply and Demand Estimates (WASDE): http://www.usda.gov/oce/commodity/wasde/ Economic Research Service: http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service: http://www.nass.usda.gov/publications/

List of Tables SUMMARY TABLES Table 01 Major Oilseeds: World Supply and Distribution (Commodity View) Table 02 Major Protein Meals: World Supply and Distribution (Commodity View) Table 03 Major Vegetable Oils: World Supply and Distribution (Commodity View) Table 04 Major Oilseeds: World Supply and Distribution (Country View) Table 05 Major Protein Meals: World Supply and Distribution (Country View) Table 06 Major Vegetable Oils: World Supply and Distribution (Country View) COMMODITY TABLES Table 07 Soybeans: World Supply and Distribution Table 08 Soybean Meal: World Supply and Distribution Table 09 Soybean Oil: World Supply and Distribution Table 10 Soybeans and Products: World Trade Table 11 Palm Oil: World Supply and Distribution Table 12 Rapeseed and Products: World Supply and Distribution Table 13 Sunflowerseed and Products: World Supply and Distribution Table 14 Minor Vegetable Oils: World Supply and Distribution HISTORICAL TABLES Table 15 World Oilseeds and Products Supply and Distribution Table 16 World Soybeans and Products Supply and Distribution Table 17 World Rapeseed and Products Supply and Distribution Table 18 World Sunflowerseed and Products Supply and Distribution Table 19 World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution COUNTRY TABLES Table 20 United States Oilseeds and Products Supply and Distribution Local Marketing Years Table 21 United States Soybeans and Products Supply and Distribution Local Marketing Years Table 22 Brazil Soybeans and Products Supply and Distribution Local Marketing Years Table 23 Argentina Soybeans and Products Supply and Distribution Local Marketing Years Table 24 South East Asia Oilseeds and Products Supply and Distribution Table 25 Middle East Oilseeds and Products Supply and Distribution Table 26 European Union Oilseeds and Products Supply and Distribution Table 27 China Oilseeds and Products Supply and Distribution Table 28 India Oilseeds and Products Supply and Distribution PRICES Table 29 Table 30 Table 31 Oilseed Prices Protein Meal Prices Vegetable Oil Prices

Table 01: Major Oilseeds: World Supply and Distribution (Commodity View) Million Metric Tons 2011/12 2012/13 2013/14 2014/15 Aug Sep Production Oilseed, Copra 5.59 5.79 5.43 5.43 5.51 5.51 Oilseed, Cottonseed 48.02 46.15 45.71 44.28 40.99 40.60 Oilseed, Palm Kernel 13.86 14.91 15.79 16.31 17.14 17.14 Oilseed, Peanut 38.47 40.47 41.15 39.67 41.39 40.78 Oilseed, Rapeseed 61.61 63.75 72.09 71.91 64.58 64.69 Oilseed, Soybean 240.43 268.82 283.15 319.37 320.05 319.61 Oilseed, Sunflowerseed 39.68 35.98 42.75 40.24 39.39 38.84 Total 447.65 475.86 506.06 537.22 529.05 527.17 Oilseed, Copra 0.08 0.04 0.09 0.09 0.09 0.09 Oilseed, Cottonseed 1.10 0.91 0.78 0.67 0.67 0.67 Oilseed, Palm Kernel 0.03 0.06 0.06 0.05 0.06 0.06 Oilseed, Peanut 2.36 2.35 2.38 2.45 2.46 2.46 Oilseed, Rapeseed 13.18 12.66 15.23 14.14 12.42 12.45 Oilseed, Soybean 93.47 95.93 111.28 119.82 123.30 123.22 Oilseed, Sunflowerseed 1.64 1.31 1.50 1.42 1.38 1.18 Total 111.86 113.25 131.32 138.64 140.38 140.12 Exports Oilseed, Copra 0.11 0.07 0.11 0.09 0.09 0.09 Oilseed, Cottonseed 1.15 0.92 0.84 0.62 0.63 0.63 Oilseed, Palm Kernel 0.04 0.04 0.04 0.03 0.04 0.03 Oilseed, Peanut 2.98 2.65 2.89 3.09 2.93 2.91 Oilseed, Rapeseed 12.92 12.45 14.96 14.57 12.31 12.28 Oilseed, Soybean 92.19 100.81 112.64 124.88 127.18 126.48 Oilseed, Sunflowerseed 1.92 1.44 1.95 1.85 1.55 1.34 Total 111.30 118.39 133.42 145.13 144.73 143.76 Crush Oilseed, Copra 5.53 5.87 5.42 5.40 5.47 5.47 Oilseed, Cottonseed 34.46 34.44 34.26 33.91 32.19 31.82 Oilseed, Palm Kernel 13.73 14.79 15.71 16.26 17.06 17.07 Oilseed, Peanut 16.65 17.41 17.66 17.59 17.90 17.42 Oilseed, Rapeseed 60.62 62.45 66.80 68.24 65.26 65.28 Oilseed, Soybean 228.37 230.17 241.08 259.64 271.61 271.79 Oilseed, Sunflowerseed 35.72 31.96 38.37 36.48 36.53 36.01 Total 395.07 397.08 419.30 437.51 446.01 444.86 Ending Stocks Oilseed, Copra 0.29 0.13 0.08 0.08 0.08 0.08 Oilseed, Cottonseed 1.89 1.55 2.03 1.60 1.11 1.02 Oilseed, Palm Kernel 0.28 0.29 0.28 0.24 0.22 0.22 Oilseed, Peanut 1.65 2.24 2.54 2.26 2.93 2.90 Oilseed, Rapeseed 6.58 5.03 7.70 7.55 3.38 4.14 Oilseed, Soybean 53.91 56.17 62.70 78.73 86.88 84.98 Oilseed, Sunflowerseed 2.36 2.66 2.80 2.47 1.48 1.54 Total 66.96 68.07 78.14 92.93 96.08 94.88 Totals may not add due to rounding

Table 02: Major Protein Meals: World Supply and Distribution (Commodity View) Million Metric Tons 2011/12 2012/13 2013/14 2014/15 Aug Sep Production Meal, Copra 1.83 1.94 1.81 1.79 1.81 1.81 Meal, Cottonseed 15.73 15.67 15.64 15.47 14.72 14.51 Meal, Fish 4.18 4.37 4.14 4.29 4.25 4.25 Meal, Palm Kernel 7.27 7.83 8.35 8.63 9.08 9.08 Meal, Peanut 6.46 6.75 6.87 6.84 6.99 6.80 Meal, Rapeseed 35.72 36.92 39.44 40.22 38.47 38.48 Meal, Soybean 180.48 181.23 189.37 204.76 214.11 214.22 Meal, Sunflowerseed 15.67 14.01 16.77 16.01 16.03 15.83 Total 267.33 268.72 282.37 298.02 305.45 304.97 Meal, Copra 0.79 0.85 0.51 0.61 0.65 0.65 Meal, Cottonseed 0.42 0.40 0.35 0.35 0.35 0.35 Meal, Fish 2.92 2.36 2.62 2.45 2.49 2.48 Meal, Palm Kernel 5.00 5.35 5.42 5.41 5.71 5.66 Meal, Peanut 0.05 0.03 0.08 0.02 0.05 0.05 Meal, Rapeseed 5.14 5.18 5.92 5.84 5.53 5.74 Meal, Soybean 56.98 53.83 57.86 61.44 62.97 64.14 Meal, Sunflowerseed 6.10 4.72 5.54 5.59 5.70 5.70 Total 77.39 72.71 78.30 81.70 83.44 84.77 Exports Meal, Copra 0.79 1.09 0.72 0.76 0.74 0.74 Meal, Cottonseed 0.57 0.54 0.38 0.35 0.33 0.33 Meal, Fish 2.59 2.13 2.18 2.21 2.16 2.16 Meal, Palm Kernel 5.85 6.11 6.38 6.51 6.76 6.76 Meal, Peanut 0.07 0.07 0.07 0.06 0.07 0.07 Meal, Rapeseed 5.48 5.46 6.07 5.82 5.62 5.77 Meal, Soybean 58.27 57.91 60.03 64.00 66.21 66.23 Meal, Sunflowerseed 6.76 5.10 6.21 6.24 6.10 6.08 Total 80.37 78.40 82.04 85.94 87.99 88.15 Meal, Copra 1.75 1.79 1.61 1.68 1.74 1.74 Meal, Cottonseed 15.52 15.53 15.63 15.46 14.76 14.55 Meal, Fish 4.92 4.49 4.66 4.57 4.63 4.62 Meal, Palm Kernel 6.55 7.09 7.23 7.44 7.89 7.85 Meal, Peanut 6.47 6.73 6.87 6.80 6.97 6.78 Meal, Rapeseed 35.35 36.82 39.25 40.14 38.51 38.57 Meal, Soybean 177.80 177.29 186.26 201.17 211.28 212.70 Meal, Sunflowerseed 14.54 14.40 15.61 15.63 15.80 15.63 Total 262.88 264.13 277.12 292.87 301.60 302.45 Ending Stocks Meal, Copra 0.21 0.12 0.10 0.07 0.05 0.05 Meal, Cottonseed 0.22 0.21 0.18 0.19 0.16 0.16 Meal, Fish 0.20 0.31 0.22 0.19 0.14 0.14 Meal, Palm Kernel 0.13 0.11 0.27 0.36 0.50 0.50 Meal, Peanut 0.04 0.03 0.04 0.04 0.04 0.04 Meal, Rapeseed 0.56 0.39 0.43 0.54 0.43 0.42 Meal, Soybean 9.83 9.69 10.63 11.67 11.28 11.08 Meal, Sunflowerseed 1.13 0.36 0.85 0.58 0.40 0.38 Total 12.32 11.21 12.72 13.63 12.98 12.77 Totals may not add due to rounding

Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View) Million Metric Tons 2011/12 2012/13 2013/14 2014/15 Aug Sep Production Oil, Coconut 3.43 3.65 3.38 3.35 3.39 3.39 Oil, Cottonseed 5.24 5.22 5.17 5.13 4.88 4.81 Oil, Olive 3.46 2.45 3.14 2.37 2.86 2.81 Oil, Palm 52.58 56.59 59.56 61.45 65.17 65.17 Oil, Palm Kernel 6.17 6.58 6.98 7.26 7.55 7.55 Oil, Peanut 5.30 5.51 5.61 5.58 5.70 5.54 Oil, Rapeseed 24.12 24.86 26.51 27.11 26.05 25.97 Oil, Soybean 42.74 43.08 44.98 48.38 50.66 50.70 Oil, Sunflowerseed 14.74 13.25 15.94 15.16 15.16 14.96 Total 157.78 161.18 171.26 175.79 181.42 180.91 Oil, Coconut 1.82 1.87 1.68 1.71 1.70 1.70 Oil, Cottonseed 0.08 0.08 0.06 0.07 0.05 0.05 Oil, Olive 0.63 0.65 0.58 0.75 0.63 0.64 Oil, Palm 38.84 41.82 41.82 44.24 45.74 46.11 Oil, Palm Kernel 2.52 2.75 2.35 2.47 2.55 2.55 Oil, Peanut 0.16 0.15 0.18 0.22 0.19 0.20 Oil, Rapeseed 4.01 3.87 3.77 3.77 3.79 3.82 Oil, Soybean 7.96 8.49 9.35 10.03 10.15 10.25 Oil, Sunflowerseed 5.69 4.96 6.67 6.10 6.10 6.10 Total 61.71 64.64 66.47 69.36 70.91 71.42 Exports Oil, Coconut 1.86 1.91 1.73 1.78 1.76 1.76 Oil, Cottonseed 0.17 0.16 0.14 0.12 0.11 0.11 Oil, Olive 0.87 0.87 0.85 0.92 0.82 0.82 Oil, Palm 39.84 43.20 43.28 45.40 47.00 47.02 Oil, Palm Kernel 2.84 3.25 2.85 3.10 3.12 3.13 Oil, Peanut 0.18 0.17 0.20 0.23 0.20 0.20 Oil, Rapeseed 3.97 3.94 3.82 3.98 3.83 3.83 Oil, Soybean 8.47 9.36 9.39 10.74 10.87 11.02 Oil, Sunflowerseed 6.47 5.48 7.75 7.25 7.03 7.09 Total 64.67 68.34 70.00 73.53 74.73 74.97 Oil, Coconut 3.54 3.75 3.41 3.38 3.42 3.42 Oil, Cottonseed 5.15 5.23 5.08 5.08 4.88 4.83 Oil, Olive 3.08 2.65 2.85 2.59 2.61 2.61 Oil, Palm 50.47 55.19 57.86 59.05 63.61 63.80 Oil, Palm Kernel 5.74 6.15 6.48 6.80 7.06 7.06 Oil, Peanut 5.33 5.51 5.61 5.57 5.69 5.54 Oil, Rapeseed 23.68 23.68 25.65 27.05 26.94 26.82 Oil, Soybean 42.19 42.59 45.34 47.52 49.90 49.98 Oil, Sunflowerseed 12.98 13.22 14.55 14.55 14.68 14.35 Total 152.15 157.96 166.84 171.58 178.80 178.40 Ending Stocks Oil, Coconut 0.60 0.47 0.38 0.27 0.19 0.19 Oil, Cottonseed 0.26 0.18 0.20 0.20 0.17 0.14 Oil, Olive 0.91 0.49 0.52 0.12 0.16 0.14 Oil, Palm 7.51 7.52 7.75 9.00 9.09 9.46 Oil, Palm Kernel 0.91 0.84 0.83 0.66 0.58 0.58 Oil, Peanut 0.08 0.06 0.04 0.04 0.05 0.04 Oil, Rapeseed 1.74 2.85 3.66 3.52 2.54 2.66 Oil, Soybean 4.13 3.75 3.35 3.51 3.60 3.46 Oil, Sunflowerseed 2.12 1.63 1.94 1.40 0.97 1.03 Total 18.26 17.79 18.68 18.72 17.35 17.69 Totals may not add due to rounding

Table 04: Major Oilseeds: World Supply and Distribution (Country View) Million Metric Tons 2011/12 2012/13 2013/14 2014/15 Aug Sep Production United States 92.44 93.32 99.02 117.17 115.40 116.07 Brazil 70.02 84.55 90.01 97.44 100.06 99.61 Argentina 44.82 53.68 56.92 65.68 61.01 61.01 China 59.60 59.79 58.89 57.56 54.89 54.79 India 37.11 37.52 36.80 34.66 37.94 36.81 Other 143.67 147.00 164.43 164.71 159.77 158.89 Total 447.65 475.86 506.06 537.22 529.05 527.17 China 62.29 63.52 75.60 81.81 82.45 82.45 European Union 16.89 17.02 17.66 16.87 16.81 16.76 Mexico 5.39 5.08 5.58 5.84 5.84 5.84 Japan 5.34 5.54 5.49 5.57 5.52 5.52 Turkey 2.03 2.02 2.40 2.99 3.07 2.94 Indonesia 2.15 2.14 2.55 2.46 2.67 2.65 Taiwan 2.29 2.29 2.34 2.36 2.39 2.39 Thailand 1.99 1.96 1.88 2.17 2.19 2.19 Russia 0.90 0.83 2.11 2.11 2.08 2.08 Egypt 1.73 1.80 1.74 1.95 2.02 2.02 Other 10.86 11.04 13.95 14.52 15.35 15.28 Total 111.86 113.25 131.32 138.64 140.38 140.12 Exports Brazil 36.35 42.02 46.99 50.14 54.62 54.63 United States 37.81 37.16 45.55 50.91 47.94 47.97 Canada 11.66 10.63 12.69 13.02 11.27 11.27 Argentina 8.10 8.41 8.49 10.40 10.59 10.59 Paraguay 3.61 5.54 4.82 4.62 4.62 4.62 Ukraine 2.83 2.72 3.57 4.42 4.45 3.80 Uruguay 2.61 3.53 3.19 3.23 3.28 3.23 Other 8.34 8.39 8.11 8.39 7.96 7.66 Crush Total 111.30 118.39 133.42 145.13 144.73 143.76 China 96.29 102.64 107.63 112.03 115.47 115.37 United States 50.32 50.25 51.46 55.07 54.62 54.98 European Union 41.06 42.07 45.36 46.75 45.45 45.35 Argentina 39.95 36.25 38.77 42.71 44.60 44.64 Brazil 41.02 37.51 39.73 41.92 42.17 41.77 India 28.59 29.30 28.60 26.65 29.38 28.60 Russia 11.86 11.01 13.85 13.75 14.05 14.05 Ukraine 10.36 9.21 12.16 11.32 11.20 11.15 Indonesia 8.35 8.99 9.66 10.29 10.80 10.80 Canada 8.41 8.27 8.52 9.06 8.50 8.70 Mexico 5.86 5.70 6.08 6.50 6.52 6.52 Pakistan 5.60 5.30 5.58 6.35 6.61 6.46 Malaysia 4.99 5.34 5.53 5.54 5.72 5.72 Japan 4.35 4.38 4.40 4.53 4.45 4.45 Paraguay 1.07 3.17 3.47 3.84 4.24 4.24 Other 37.01 37.70 38.51 41.23 42.23 42.07 Total 395.07 397.08 419.30 437.51 446.01 444.86 Ending Stocks Argentina 16.64 22.42 27.34 34.60 35.61 34.97 Brazil 13.22 15.41 16.01 18.23 18.45 18.19 China 17.05 13.17 15.56 18.92 16.83 16.92 United States 5.61 5.76 3.95 7.26 14.47 14.05 European Union 4.95 3.71 3.33 3.84 2.02 2.24 Other 9.49 7.60 11.95 10.08 8.71 8.51 Total 66.96 68.07 78.14 92.93 96.08 94.88 Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.

Table 05: Major Protein Meals: World Supply and Distribution (Country View) Million Metric Tons 2011/12 2012/13 2013/14 2014/15 Aug Sep Production China 66.95 71.34 75.20 79.01 82.26 82.21 United States 39.51 38.69 39.39 43.12 42.49 42.70 Argentina 29.74 27.26 29.09 31.86 33.61 33.63 Brazil 30.90 28.38 29.89 31.68 31.88 31.65 European Union 26.28 27.21 29.13 30.04 29.44 29.38 Other 73.97 75.83 79.68 82.31 85.77 85.39 Total 267.33 268.72 282.37 298.02 305.45 304.97 European Union 28.20 23.38 24.66 25.88 26.62 26.62 Vietnam 2.52 3.36 3.59 4.53 4.61 4.96 Indonesia 3.53 3.62 4.23 4.50 4.96 4.96 United States 3.03 3.39 3.80 3.96 3.56 3.77 Korea, South 3.38 3.54 3.68 3.52 3.63 3.58 Thailand 3.36 3.26 3.14 3.51 3.55 3.55 Philippines 1.86 2.00 2.38 2.54 2.69 2.69 Other 31.51 30.15 32.83 33.25 33.82 34.64 Total 77.39 72.71 78.30 81.70 83.44 84.77 Exports Argentina 26.93 24.03 25.38 29.04 30.71 30.70 Brazil 14.68 13.24 13.95 14.70 15.20 15.20 United States 9.17 10.46 10.77 12.10 10.84 10.84 Indonesia 3.68 3.80 3.93 4.16 4.34 4.34 Ukraine 3.86 3.07 3.81 4.10 4.06 4.11 Canada 3.52 3.60 3.67 3.85 3.69 3.79 India 5.49 5.46 4.12 2.07 3.12 3.17 Other 13.04 14.76 16.41 15.92 16.05 16.00 Total 80.37 78.40 82.04 85.94 87.99 88.15 China 67.89 70.89 74.54 78.29 81.74 81.69 European Union 52.64 50.39 52.42 54.57 55.01 55.01 United States 33.41 31.65 32.43 34.94 35.20 35.63 Brazil 15.49 15.27 16.00 16.43 16.68 16.45 India 11.48 11.99 12.70 13.21 14.16 13.80 Mexico 5.82 5.61 5.95 6.32 6.48 6.48 Vietnam 3.67 4.14 4.59 5.54 5.71 6.11 Indonesia 3.91 4.33 4.91 5.46 5.97 5.97 Russia 4.37 4.36 4.85 5.17 5.58 5.57 Thailand 5.21 5.12 5.00 5.23 5.44 5.44 Other 59.00 60.40 63.74 67.73 69.62 70.31 SME Total 262.88 264.13 277.12 292.87 301.60 302.45 China 65.06 67.93 71.31 75.16 78.87 78.82 European Union 47.19 44.74 46.84 48.89 49.57 49.56 United States 32.36 30.46 31.15 33.61 34.00 34.36 Brazil 15.23 15.07 15.75 16.21 16.44 16.26 India 10.05 10.51 11.19 11.71 12.58 12.25 Mexico 5.44 5.26 5.62 5.98 6.15 6.15 Vietnam 3.47 3.89 4.37 5.29 5.45 5.85 Other 67.94 69.17 73.11 77.80 80.61 81.32 Total 246.74 247.04 259.34 274.64 283.68 284.57 Ending Stocks Argentina 3.08 3.74 4.53 4.21 3.83 3.69 Brazil 3.20 3.10 3.07 3.65 3.68 3.68 Indonesia 0.46 0.43 0.62 0.62 0.73 0.73 European Union 1.23 0.29 0.58 0.69 0.61 0.57 India 0.29 0.38 0.22 0.34 0.35 0.35 Other 4.06 3.28 3.69 4.12 3.79 3.76 Total 12.32 11.21 12.72 13.63 12.98 12.77 Major Protein Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.

Table 06: Major Vegetable Oils: World Supply and Distribution (Country View) Million Metric Tons 2011/12 2012/13 2013/14 2014/15 Aug Sep Production Indonesia 30.13 32.73 35.03 37.78 40.01 40.01 China 21.00 22.40 23.61 24.34 24.87 24.83 Malaysia 20.42 21.63 22.57 22.25 23.47 23.47 European Union 16.89 16.06 18.23 17.77 17.69 17.61 United States 10.03 10.23 10.42 10.93 11.01 11.09 Argentina 8.48 7.42 7.81 8.81 9.10 9.10 Brazil 8.17 7.55 7.97 8.41 8.46 8.38 Other 42.67 43.17 45.64 45.50 46.82 46.42 Total 157.78 161.18 171.26 175.79 181.42 180.91 India 10.01 10.71 11.54 14.11 14.48 14.63 European Union 9.12 9.93 9.86 9.74 9.59 9.59 China 9.23 10.79 9.07 8.47 8.80 8.80 United States 3.83 3.80 4.02 4.13 4.17 4.23 Pakistan 2.26 2.30 2.87 2.75 2.98 2.98 Egypt 2.31 1.91 2.15 2.30 2.40 2.40 Bangladesh 1.41 1.43 1.71 1.86 1.98 1.98 Turkey 1.11 1.26 1.37 1.32 1.50 1.65 Iran 1.35 1.43 1.58 1.57 1.53 1.58 Malaysia 2.65 1.50 0.85 1.30 1.00 1.00 Other 18.43 19.58 21.46 21.82 22.48 22.58 Total 61.71 64.64 66.47 69.36 70.91 71.42 Exports Indonesia 20.73 22.64 23.94 26.40 27.20 27.20 Malaysia 18.98 19.99 18.75 18.83 19.53 19.53 Argentina 4.65 4.66 4.53 5.50 5.69 5.79 Ukraine 3.33 3.32 4.36 4.10 3.91 3.97 Canada 2.75 2.63 2.45 2.51 2.62 2.62 European Union 2.01 2.43 2.31 2.39 2.27 2.27 Russia 1.80 1.27 2.42 2.21 2.12 2.17 Other 10.42 11.41 11.26 11.61 11.40 11.42 Total 64.67 68.34 70.00 73.53 74.73 74.97 China 29.34 31.17 32.27 33.24 34.41 34.37 European Union 23.87 24.18 25.25 25.49 25.20 25.22 India 16.84 17.84 19.03 20.38 22.00 21.66 United States 12.78 13.03 13.51 13.76 13.88 14.04 Indonesia 8.92 9.90 11.21 10.32 12.20 12.20 Brazil 6.63 6.76 7.05 7.39 7.52 7.46 Malaysia 3.70 3.97 4.39 4.64 4.95 4.95 Pakistan 3.48 3.60 3.93 4.18 4.47 4.44 Russia 3.20 3.34 3.40 3.48 3.64 3.59 Argentina 3.60 2.92 3.44 3.38 3.50 3.39 Mexico 2.30 2.36 2.38 2.59 2.55 2.60 Egypt 2.46 2.45 2.40 2.54 2.59 2.59 Thailand 1.99 2.13 2.32 2.29 2.49 2.49 Turkey 1.83 1.90 2.12 2.29 2.48 2.49 Japan 2.16 2.19 2.22 2.24 2.27 2.27 Other 29.06 30.23 31.92 33.38 34.67 34.66 Total 152.15 157.96 166.84 171.58 178.80 178.40 Ending Stocks Indonesia 1.88 2.13 2.07 3.16 3.80 3.80 China 1.69 3.62 3.91 3.34 2.44 2.49 Malaysia 2.93 2.11 2.39 2.48 2.47 2.47 India 1.44 1.54 1.22 1.55 1.24 1.61 United States 1.54 1.16 0.98 1.09 1.20 1.20 Other 8.77 7.23 8.11 7.10 6.20 6.12 Total 18.26 17.79 18.68 18.72 17.35 17.69 Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.

Table 07: Soybeans: World Supply and Distribution Thousand Metric Tons 2011/12 2012/13 2013/14 2014/15 Aug Sep Production United States 84,291 82,791 91,389 108,014 106,588 107,101 Brazil 66,500 82,000 86,700 94,500 97,000 97,000 Argentina 40,100 49,300 53,500 60,800 57,000 57,000 China 14,485 13,050 12,200 12,350 11,500 11,500 India 11,700 12,200 9,500 9,800 11,500 11,500 Paraguay 4,043 8,202 8,190 8,400 8,800 8,800 Canada 4,467 5,086 5,359 6,049 6,200 5,950 Other 14,841 16,195 16,307 19,453 21,461 20,761 Total 240,427 268,824 283,145 319,366 320,049 319,612 China 59,231 59,865 70,364 77,000 79,000 79,000 European Union 12,070 12,538 12,985 13,450 13,500 13,500 Mexico 3,606 3,409 3,842 4,025 4,050 4,050 Japan 2,759 2,830 2,894 2,900 2,850 2,850 Taiwan 2,285 2,286 2,335 2,350 2,380 2,380 Indonesia 1,922 1,795 2,241 2,150 2,300 2,300 Thailand 1,907 1,867 1,798 2,075 2,100 2,100 Turkey 1,057 1,249 1,608 2,050 2,100 2,100 Egypt 1,649 1,730 1,694 1,880 1,950 1,950 Russia 741 691 1,931 1,900 1,900 1,900 Other 6,242 7,666 9,592 10,040 11,171 11,086 Total 93,469 95,926 111,284 119,820 123,301 123,216 Exports Brazil 36,257 41,904 46,829 50,000 54,500 54,500 United States 37,186 36,129 44,574 49,940 46,947 46,947 Argentina 7,368 7,738 7,842 9,600 9,750 9,750 Paraguay 3,574 5,518 4,800 4,600 4,600 4,600 Canada 2,933 3,470 3,471 3,775 3,825 3,825 Other 4,869 6,053 5,124 6,965 7,558 6,858 Crush Total 92,187 100,812 112,640 124,880 127,180 126,480 China 60,970 64,950 68,850 74,200 79,500 79,500 United States 46,348 45,967 47,192 50,893 50,621 50,893 Argentina 35,886 33,611 36,173 39,475 41,500 41,500 Brazil 38,083 35,235 36,861 39,400 39,550 39,550 European Union 12,414 13,162 13,436 13,900 14,500 14,500 India 9,650 9,900 8,300 7,400 9,100 9,100 Mexico 3,675 3,650 4,030 4,275 4,350 4,350 Paraguay 900 2,950 3,350 3,700 4,100 4,100 Russia 2,300 2,400 3,300 3,850 3,950 3,950 Bolivia 2,000 2,175 2,250 2,300 2,420 2,420 Taiwan 2,020 1,920 1,925 1,970 2,000 2,000 Japan 1,960 1,915 1,969 2,050 1,970 1,970 Egypt 1,620 1,710 1,680 1,850 1,950 1,950 Canada 1,411 1,550 1,537 1,700 1,700 1,700 Thailand 1,750 1,500 1,500 1,600 1,700 1,700 Other 7,386 7,572 8,728 11,075 12,695 12,605 Total 228,373 230,167 241,081 259,638 271,606 271,788 Ending Stocks Argentina 15,949 20,962 26,050 32,775 34,102 33,427 Brazil 13,024 15,330 15,945 18,170 18,300 18,150 China 15,909 12,378 14,427 17,552 16,152 16,152 United States 4,610 3,825 2,504 5,714 12,783 12,258 India 800 1,135 606 808 833 833 Other 3,613 2,537 3,172 3,707 4,711 4,158 Total 53,905 56,167 62,704 78,726 86,881 84,978 Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay is on a March/February MY.

Table 08: Soybean Meal: World Supply and Distribution Thousand Metric Tons 2011/12 2012/13 2013/14 2014/15 Aug Sep Production China 48,288 51,440 54,531 58,770 62,960 62,960 United States 37,217 36,174 36,909 40,687 40,120 40,302 Argentina 27,945 26,089 27,892 30,400 32,180 32,180 Brazil 29,510 27,310 28,540 30,500 30,610 30,610 European Union 9,668 10,398 10,614 10,980 11,455 11,455 India 7,720 7,920 6,640 5,920 7,280 7,280 Mexico 2,910 2,890 3,185 3,380 3,435 3,435 Other 17,219 19,012 21,061 24,121 26,069 25,994 Total 180,477 181,233 189,372 204,758 214,109 214,216 European Union 20,872 16,941 18,175 19,550 20,300 20,300 Indonesia 3,278 3,367 3,983 4,250 4,700 4,700 Vietnam 2,276 2,980 3,342 4,200 4,250 4,600 Thailand 2,928 2,874 2,665 3,000 3,050 3,050 Philippines 1,833 1,969 2,337 2,500 2,650 2,650 Iran 2,192 2,099 2,683 2,150 2,100 2,100 Japan 2,282 1,765 1,976 1,750 1,850 1,850 Mexico 1,548 1,295 1,510 1,690 1,850 1,850 Korea, South 1,571 1,654 1,825 1,735 1,700 1,700 Algeria 892 1,333 1,383 1,425 1,525 1,525 Other 17,306 17,551 17,978 19,193 18,992 19,812 Total 56,978 53,828 57,857 61,443 62,967 64,137 Exports Argentina 26,043 23,667 24,972 28,500 30,200 30,200 Brazil 14,678 13,242 13,948 14,700 15,200 15,200 United States 8,845 10,111 10,474 11,839 10,569 10,569 Paraguay 523 2,149 2,504 2,550 2,980 2,980 India 4,391 4,354 2,742 1,125 2,025 2,025 Other 3,794 4,383 5,387 5,286 5,239 5,259 Total 58,274 57,906 60,027 64,000 66,213 66,233 China 47,435 50,091 52,534 57,130 61,380 61,380 European Union 29,670 27,122 28,442 30,042 31,342 31,392 United States 28,614 26,308 26,804 29,121 29,846 30,028 Brazil 14,100 14,200 14,650 15,250 15,400 15,400 Vietnam 3,300 3,700 4,200 5,100 5,250 5,650 India 3,280 3,490 4,050 4,685 5,255 5,255 Mexico 4,370 4,250 4,675 5,010 5,200 5,200 Indonesia 3,218 3,430 3,900 4,250 4,700 4,700 Thailand 4,153 4,100 3,980 4,200 4,380 4,380 Japan 3,840 3,332 3,376 3,323 3,330 3,330 Russia 2,350 2,400 2,600 2,850 3,225 3,225 Iran 2,500 2,460 2,948 3,050 3,120 3,120 Philippines 1,950 2,050 2,250 2,500 2,800 2,800 Egypt 2,100 2,220 2,400 2,550 2,700 2,700 Argentina 1,310 1,700 2,000 2,223 2,500 2,500 Other 25,614 26,439 27,448 29,883 30,856 31,644 Total 177,804 177,292 186,257 201,167 211,284 212,704 Ending Stocks Brazil 3,198 3,098 3,065 3,640 3,675 3,675 Argentina 2,821 3,543 4,463 4,140 3,760 3,620 Indonesia 390 323 406 406 406 406 India 264 347 202 319 326 326 European Union 439 120 170 318 331 281 Other 2,713 2,257 2,327 2,844 2,780 2,775 Total 9,825 9,688 10,633 11,667 11,278 11,083 Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay is on a March/February MY. Vietnam and the Philippines are on a January/December MY and Bolivia is on a March/February MY.

Table 09: Soybean Oil: World Supply and Distribution Thousand Metric Tons 2011/12 2012/13 2013/14 2014/15 Aug Sep Production China 10,914 11,626 12,335 13,280 14,230 14,230 United States 8,954 8,990 9,131 9,662 9,752 9,804 Argentina 6,839 6,364 6,785 7,525 7,860 7,860 Brazil 7,310 6,760 7,070 7,570 7,590 7,590 European Union 2,359 2,501 2,553 2,642 2,755 2,755 India 1,708 1,752 1,478 1,315 1,630 1,630 Paraguay 172 564 640 707 783 783 Other 4,485 4,524 4,990 5,676 6,058 6,045 Total 42,741 43,081 44,982 48,377 50,658 50,697 India 1,174 1,086 1,830 2,650 2,800 2,800 China 1,502 1,409 1,353 900 950 950 Algeria 438 575 625 580 640 640 Bangladesh 420 397 442 498 520 520 Morocco 367 364 446 450 460 460 Iran 411 543 551 450 400 450 Venezuela 415 374 403 425 430 430 Egypt 0 324 213 400 400 400 Peru 344 363 355 370 380 380 Colombia 257 216 288 320 330 330 Other 2,630 2,842 2,844 2,991 2,840 2,885 Total 7,958 8,493 9,350 10,034 10,150 10,245 Exports Argentina 3,794 4,244 4,087 4,925 5,100 5,200 Brazil 1,885 1,251 1,378 1,480 1,390 1,390 United States 664 982 851 930 907 907 European Union 742 1,011 771 900 900 900 Paraguay 127 558 650 670 735 735 Russia 142 129 332 420 370 420 Bolivia 224 288 315 320 320 320 Other 887 899 1,002 1,092 1,146 1,146 Total 8,465 9,362 9,386 10,737 10,868 11,018 China 12,044 12,545 13,657 14,193 15,237 15,237 United States 8,306 8,476 8,599 8,663 8,799 8,891 Brazil 5,390 5,534 5,765 6,120 6,230 6,230 India 2,750 2,950 3,300 3,900 4,400 4,450 Argentina 3,020 2,275 2,729 2,651 2,770 2,660 European Union 2,109 1,908 1,970 2,020 2,070 2,070 Mexico 845 860 890 1,001 960 1,010 Iran 625 630 635 665 630 695 Bangladesh 440 470 530 610 655 675 Egypt 440 582 496 647 662 662 Algeria 490 540 600 610 640 640 Venezuela 434 439 449 469 484 484 Korea, South 445 445 440 450 460 460 Morocco 372 374 440 450 460 460 Colombia 272 283 340 390 415 415 Other 4,211 4,276 4,502 4,677 5,032 4,939 Total 42,193 42,587 45,342 47,516 49,904 49,978 Ending Stocks United States 1,152 773 529 711 826 807 China 615 1,021 958 845 708 708 India 360 248 255 320 300 300 European Union 298 202 339 361 296 296 Brazil 418 399 326 297 377 267 Other 1,282 1,107 947 978 1,089 1,080 Total 4,125 3,750 3,354 3,512 3,596 3,458 Most countries are on an October/September Marketing Year (MY). Mexico is on a September/August MY. Peru is on an January/December MY and Paraguay and Bolivia are on a March/February MY.

Table 10: Soybeans and Products: World Trade Thousand Metric Tons Meal, Soybean Oil, Soybean Oilseed, Soybean Marketing Year 2013/14 2014/15 2013/14 2014/15 2013/14 2014/15 Exports North America 10,734 12,109 10,849 947 1,044 1,021 48,045 53,715 50,772 Canada (Aug-Jul) 241 250 260 92 110 110 3,471 3,775 3,825 United States (Sep-Aug) 10,474 11,839 10,569 851 930 907 44,574 49,940 46,947 South America 42,954 47,250 49,930 6,432 7,397 7,647 62,779 67,709 72,384 Argentina (Oct-Sep) 24,972 28,500 30,200 4,087 4,925 5,200 7,842 9,600 9,750 Brazil (Oct-Sep) 13,948 14,700 15,200 1,378 1,480 1,390 46,829 50,000 54,500 Paraguay (Mar-Feb) 2,504 2,550 2,980 650 670 735 4,800 4,600 4,600 South Asia 2,748 1,132 2,032 1 0 0 183 250 300 India (Oct-Sep) 2,742 1,125 2,025 1 0 0 183 250 300 Other 3,591 3,509 3,422 2,006 2,296 2,350 1,633 3,206 3,024 World Total 60,027 64,000 66,233 9,386 10,737 11,018 112,640 124,880 126,480 European Union (Oct-Sep) 18,175 19,550 20,300 325 300 150 12,985 13,450 13,500 East Asia 3,884 3,645 3,655 1,772 1,327 1,405 76,866 83,540 85,555 China (Oct-Sep) 20 60 20 1,353 900 950 70,364 77,000 79,000 Japan (Oct-Sep) 1,976 1,750 1,850 16 7 15 2,894 2,900 2,850 Korea, South (Oct-Sep) 1,825 1,735 1,700 278 285 300 1,271 1,275 1,300 Taiwan (Oct-Sep) 22 50 35 3 0 0 2,335 2,350 2,380 Southeast Asia 13,743 15,421 16,522 299 310 320 6,150 6,485 6,770 Indonesia (Oct-Sep) 3,983 4,250 4,700 25 25 25 2,241 2,150 2,300 Malaysia (Oct-Sep) 1,397 1,450 1,500 113 120 125 554 610 620 Philippines (Jan-Dec) 2,337 2,500 2,650 41 42 43 122 130 130 Thailand (Sep-Aug) 2,665 3,000 3,050 6 4 2 1,798 2,075 2,100 Vietnam (Jan-Dec) 3,342 4,200 4,600 80 85 90 1,415 1,500 1,600 North America 2,839 2,983 3,195 307 396 373 6,134 5,273 5,216 Canada (Aug-Jul) 982 975 1,050 31 33 33 340 350 350 Mexico (Sep-Aug) 1,510 1,690 1,850 201 250 250 3,842 4,025 4,050 South America 4,651 5,060 5,225 1,293 1,400 1,421 1,614 1,549 1,649 Brazil (Oct-Sep) 25 25 25 0 1 0 605 275 250 Colombia (Oct-Sep) 1,036 1,150 1,200 288 320 330 436 575 600 Central America 948 1,017 1,042 165 176 187 269 315 343 Caribbean 837 1,080 1,128 286 307 314 148 155 165 Middle East 5,295 4,787 4,900 636 544 555 2,257 3,375 3,645 Iran (Oct-Sep) 2,683 2,150 2,100 551 450 450 301 950 1,150 Israel (Oct-Sep) 129 140 145 11 15 13 319 325 345 Syria (May-Apr) 251 250 250 1 2 2 29 50 50 Turkey (Oct-Sep) 744 530 600 8 0 0 1,608 2,050 2,100 North Africa 3,245 3,305 3,517 1,404 1,555 1,625 1,828 2,030 2,100 Egypt (Oct-Sep) 1,116 1,050 1,150 213 400 400 1,694 1,880 1,950 Other 4,240 4,595 4,653 2,863 3,719 3,895 3,033 3,648 4,273 World Total 57,857 61,443 64,137 9,350 10,034 10,245 111,284 119,820 123,216

Table 11: Palm Oil: World Supply and Distribution Thousand Metric Tons 2011/12 2012/13 2013/14 2014/15 Aug Sep Production Indonesia 26,200 28,500 30,500 33,000 35,000 35,000 Malaysia 18,202 19,321 20,161 19,800 21,000 21,000 Thailand 1,892 2,135 2,000 1,800 2,200 2,200 Colombia 945 1,140 1,210 1,108 1,100 1,100 Nigeria 970 970 970 970 970 970 Other 4,373 4,522 4,717 4,775 4,895 4,895 Total 52,582 56,588 59,558 61,453 65,165 65,165 India 7,473 8,364 7,820 9,350 9,700 9,850 European Union 5,707 6,798 6,902 6,800 6,950 6,950 China 5,841 6,589 5,573 5,450 5,750 5,750 Pakistan 2,218 2,246 2,758 2,700 2,950 2,950 Egypt 1,368 969 1,153 1,550 1,550 1,550 Bangladesh 984 1,030 1,262 1,350 1,450 1,450 United States 1,032 1,293 1,220 1,122 1,225 1,250 Singapore 854 654 552 750 800 800 Turkey 445 576 565 550 650 800 Burma 470 583 581 680 700 750 Other 12,452 12,716 13,436 13,938 14,013 14,013 Total 38,844 41,818 41,822 44,240 45,738 46,113 Exports Indonesia 18,452 20,373 21,719 24,000 24,800 24,800 Malaysia 17,586 18,524 17,344 17,400 18,100 18,100 Papua New Guinea 585 564 539 575 560 560 Benin 253 430 600 450 440 440 Guatemala 248 346 411 405 400 400 Other 2,720 2,966 2,671 2,574 2,697 2,716 Total 39,844 43,203 43,284 45,404 46,997 47,016 India 7,485 8,250 8,384 9,200 9,950 9,950 Indonesia 7,129 7,852 8,900 7,820 9,520 9,520 European Union 5,523 6,560 6,775 6,650 6,800 6,800 China 5,841 6,389 5,669 5,580 5,750 5,750 Malaysia 2,150 2,451 2,868 3,060 3,370 3,370 Pakistan 2,115 2,285 2,490 2,690 2,945 2,945 Thailand 1,525 1,710 1,880 1,820 2,010 2,010 Nigeria 1,385 1,455 1,470 1,495 1,550 1,550 Egypt 1,265 1,120 1,110 1,495 1,470 1,470 Bangladesh 1,030 1,030 1,190 1,345 1,450 1,450 United States 1,043 1,238 1,207 1,115 1,202 1,227 Colombia 890 926 983 1,013 1,040 1,040 Turkey 440 510 550 520 680 790 Ghana 665 700 730 760 780 780 Burma 450 560 600 670 700 750 Other 11,537 12,155 13,056 13,812 14,395 14,400 Total 50,473 55,191 57,862 59,045 63,612 63,802 Ending Stocks Indonesia 1,445 1,758 1,666 2,846 3,526 3,526 Malaysia 2,481 1,784 2,091 2,231 2,261 2,261 India 669 921 528 858 658 958 European Union 270 373 338 328 318 318 Pakistan 170 91 309 269 224 224 Other 2,473 2,593 2,822 2,466 2,102 2,171 Total 7,508 7,520 7,754 8,998 9,089 9,458

Table 12: Rapeseed and Products: World Supply and Distribution Thousand Metric Tons Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed Marketing Year 2013/14 2014/15 2013/14 2014/15 2013/14 2014/15 Production China (Oct-Sep) 11,631 11,505 10,975 6,579 6,500 6,195 14,458 14,600 14,100 India (Oct-Sep) 3,720 3,250 3,600 2,400 2,100 2,320 7,300 6,310 7,150 Canada (Aug-Jul) 3,925 4,150 3,945 3,050 3,230 3,070 18,551 16,410 13,300 Japan (Oct-Sep) 1,353 1,360 1,360 1,054 1,075 1,075 2 2 2 European Union (Jul-Jun) 13,780 14,370 13,398 9,946 10,371 9,670 21,304 24,394 21,300 Other 5,026 5,586 5,198 3,479 3,837 3,641 10,473 10,193 8,840 World Total 39,435 40,221 38,476 26,508 27,113 25,971 72,088 71,909 64,692 China (Oct-Sep) 314 100 125 902 750 800 5,046 4,600 3,300 India (Oct-Sep) 0 0 0 160 275 200 0 0 0 Canada (Aug-Jul) 11 23 12 83 32 65 66 65 100 Japan (Oct-Sep) 76 75 75 10 12 12 2,378 2,450 2,450 European Union (Jul-Jun) 457 451 450 296 261 270 3,495 2,356 2,200 Other 5,065 5,193 5,074 2,318 2,443 2,468 4,240 4,665 4,397 World Total 5,923 5,842 5,736 3,769 3,773 3,815 15,225 14,136 12,447 Exports China (Oct-Sep) 37 30 20 6 10 10 0 0 0 India (Oct-Sep) 1,327 900 1,100 3 3 3 1 0 0 Canada (Aug-Jul) 3,424 3,593 3,520 2,348 2,389 2,500 9,173 9,207 7,400 Japan (Oct-Sep) 2 2 0 2 1 1 0 0 0 European Union (Jul-Jun) 361 414 300 306 356 300 290 590 300 Other 921 876 828 1,151 1,221 1,016 5,499 4,769 4,580 World Total 6,072 5,815 5,768 3,816 3,980 3,830 14,963 14,566 12,280 China (Oct-Sep) 11,908 11,575 11,080 7,025 7,564 7,700 19,100 18,900 18,000 India (Oct-Sep) 2,403 2,350 2,500 2,505 2,405 2,510 7,300 6,450 7,050 Canada (Aug-Jul) 515 520 515 645 683 701 7,024 7,954 7,312 Japan (Oct-Sep) 1,430 1,420 1,420 1,030 1,045 1,060 2,405 2,455 2,455 European Union (Jul-Jun) 13,750 14,400 13,600 9,765 10,200 9,775 24,936 25,960 24,250 Other 9,242 9,870 9,450 4,678 5,155 5,070 8,918 9,913 9,197 World Total 39,248 40,135 38,565 25,648 27,052 26,816 69,683 71,632 68,264 Ending Stocks China (Oct-Sep) 0 0 0 2,607 2,283 1,568 1,036 1,336 736 India (Oct-Sep) 20 20 20 165 132 139 568 428 528 Canada (Aug-Jul) 98 158 80 211 401 335 3,008 2,322 1,010 Japan (Oct-Sep) 15 28 43 150 191 217 84 81 78 European Union (Jul-Jun) 215 222 170 203 279 144 2,075 2,275 1,225 Other 81 114 108 325 229 252 928 1,104 564 World Total 429 542 421 3,661 3,515 2,655 7,699 7,546 4,141

Table 13: Sunflowerseed and Products: World Supply and Distribution Thousand Metric Tons Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed Marketing Year 2013/14 2014/15 2013/14 2014/15 2013/14 2014/15 Production Argentina (Mar-Feb) 2,000 3,160 2,600 962 1,220 1,200 934 1,185 1,140 Russia (Sep-Aug) 10,554 8,929 9,400 3,466 3,215 3,330 3,851 3,570 3,690 Turkey (Sep-Aug) 1,400 1,200 1,150 753 647 590 845 725 663 Ukraine (Sep-Aug) 11,600 10,200 10,000 4,700 4,280 4,179 4,725 4,305 4,179 European Union (Oct-Sep) 9,052 8,930 7,900 4,130 4,072 3,910 3,190 3,145 3,020 Other 8,141 7,825 7,793 2,758 2,580 2,619 2,394 2,231 2,271 World Total 42,747 40,244 38,843 16,769 16,014 15,828 15,939 15,161 14,963 Argentina (Mar-Feb) 1 1 2 0 0 0 0 0 0 Russia (Sep-Aug) 35 35 30 6 0 0 12 10 10 Turkey (Sep-Aug) 581 500 400 757 750 850 776 750 830 Ukraine (Sep-Aug) 15 15 10 0 0 0 0 1 0 European Union (Oct-Sep) 319 250 200 3,364 3,400 3,400 1,039 950 900 Other 549 620 540 1,411 1,436 1,445 4,844 4,392 4,358 World Total 1,500 1,421 1,182 5,538 5,586 5,695 6,671 6,103 6,098 Exports Argentina (Mar-Feb) 73 70 85 365 500 460 343 485 500 Russia (Sep-Aug) 125 65 50 1,729 1,500 1,500 1,753 1,450 1,500 Turkey (Sep-Aug) 33 30 20 0 0 0 584 580 600 Ukraine (Sep-Aug) 70 50 50 3,648 3,750 3,700 4,181 3,850 3,700 European Union (Oct-Sep) 713 600 400 173 245 180 372 380 300 Other 933 1,038 732 291 242 244 519 508 488 World Total 1,947 1,853 1,337 6,206 6,237 6,084 7,752 7,253 7,088 Argentina (Mar-Feb) 2,251 2,846 2,754 730 730 740 700 722 722 Russia (Sep-Aug) 10,095 9,160 9,420 1,650 1,750 1,850 2,140 2,200 2,270 Turkey (Sep-Aug) 1,986 1,706 1,556 1,490 1,415 1,440 1,050 1,085 990 Ukraine (Sep-Aug) 11,385 10,385 10,075 650 670 640 575 470 470 European Union (Oct-Sep) 8,536 8,540 8,230 7,200 7,275 7,165 3,660 3,770 3,715 Other 7,905 7,501 7,581 3,892 3,790 3,798 6,429 6,299 6,178 World Total 42,158 40,138 39,616 15,612 15,630 15,633 14,554 14,546 14,345 Ending Stocks Argentina (Mar-Feb) 675 920 683 64 54 54 406 384 302 Russia (Sep-Aug) 369 108 68 93 58 38 169 99 29 Turkey (Sep-Aug) 139 103 77 20 2 2 342 152 55 Ukraine (Sep-Aug) 367 147 32 402 262 101 29 15 24 European Union (Oct-Sep) 902 942 412 198 150 115 255 200 105 Other 346 252 272 68 52 74 737 553 516 World Total 2,798 2,472 1,544 845 578 384 1,938 1,403 1,031

Table 14: Minor Vegetable Oils: World Supply and Distribution Thousand Metric Tons Oil, Peanut Oil, Cottonseed Oil, Olive Marketing Year 2013/14 2014/15 2013/14 2014/15 2013/14 2014/15 Production China (Oct-Sep) 2,725 2,720 2,740 1,487 1,396 1,242 India (Oct-Sep) 1,188 1,139 1,057 1,305 1,320 1,305 Turkey (Nov-Oct) 4 5 6 130 180 155 190 190 170 United States (Aug-Jul) 95 97 115 286 277 240 5 5 5 European Union (Oct-Sep) 12 12 12 48 50 48 2,475 1,550 2,100 Other 1,582 1,606 1,614 1,914 1,911 1,824 468 621 535 World Total 5,606 5,579 5,544 5,170 5,134 4,814 3,138 2,366 2,810 China (Oct-Sep) 74 120 95 0 0 0 India (Oct-Sep) 0 0 0 0 0 0 Turkey (Nov-Oct) 0 0 0 0 0 0 0 0 0 United States (Aug-Jul) 25 14 14 14 9 9 311 318 324 European Union (Oct-Sep) 66 70 70 0 0 0 54 215 100 Other 18 17 17 50 56 44 219 216 217 World Total 183 221 196 64 65 53 584 749 641 Exports China (Oct-Sep) 10 10 10 4 15 5 India (Oct-Sep) 5 15 5 0 0 0 Turkey (Nov-Oct) 0 0 0 1 1 1 28 25 25 United States (Aug-Jul) 4 9 9 67 57 50 6 8 8 European Union (Oct-Sep) 3 3 3 1 1 1 675 570 600 Other 180 197 177 62 47 50 136 321 191 World Total 202 234 204 135 121 107 845 924 824 China (Oct-Sep) 2,789 2,830 2,825 1,483 1,381 1,237 India (Oct-Sep) 1,183 1,124 1,052 1,295 1,317 1,320 Turkey (Nov-Oct) 4 5 6 135 175 165 150 155 160 United States (Aug-Jul) 116 102 120 233 229 208 310 315 321 European Union (Oct-Sep) 74 79 79 47 49 47 1,780 1,570 1,570 Other 1,448 1,425 1,454 1,884 1,929 1,851 609 549 561 World Total 5,614 5,565 5,536 5,077 5,080 4,828 2,849 2,589 2,612 Ending Stocks China (Oct-Sep) 0 0 0 0 0 0 India (Oct-Sep) 10 10 10 58 61 46 Turkey (Nov-Oct) 0 0 0 7 11 6 21 31 16 United States (Aug-Jul) 9 9 9 45 45 36 0 0 0 European Union (Oct-Sep) 3 3 3 0 0 0 430 55 85 Other 14 15 15 89 80 47 70 37 37 World Total 36 37 37 199 197 135 521 123 138

Table 15: World Oilseeds and Products Supply and Distribution Million Metric Tons Area Harvested Beginning Stocks Productio n Total Supply Exports Food Use Dom. Domestic Consumpti Ending Stocks Major Oilseeds 2002/03 195.60 42.54 334.46 70.96 447.96 70.04 29.36 328.61 49.31 2003/04 212.24 49.31 338.21 64.06 451.58 66.80 29.24 338.48 46.30 2004/05 219.10 46.30 383.82 72.70 502.82 74.35 30.67 368.83 59.64 2005/06 220.89 59.64 394.07 75.32 529.03 75.81 31.80 386.81 66.41 2006/07 222.95 66.41 405.70 80.61 552.72 83.09 31.76 394.51 75.13 2007/08 218.84 75.13 391.52 90.05 556.69 91.35 31.71 402.15 63.20 2008/09 230.52 63.20 399.60 93.92 556.72 94.57 33.64 404.16 57.99 2009/10 236.17 57.99 447.23 101.74 606.96 106.92 34.74 424.58 75.46 2010/11 245.19 75.46 461.04 103.81 640.31 108.37 36.22 446.13 85.81 2011/12 249.02 85.81 447.65 111.86 645.33 111.30 36.52 467.07 66.96 2012/13 256.20 66.96 475.86 113.25 656.07 118.39 36.79 469.62 68.07 2013/14 260.38 68.07 506.06 131.32 705.44 133.42 37.38 493.89 78.14 2014/15 263.82 78.14 537.22 138.64 753.99 145.13 38.19 515.93 92.93 264.19 92.93 527.17 140.12 760.21 143.76 38.90 521.58 94.88 Major Protein Meals 2002/03 7.94 185.78 53.56 247.29 54.01 0.32 186.24 7.04 2003/04 7.04 191.11 57.81 255.95 59.04 0.33 189.30 7.61 2004/05 7.61 206.46 59.49 273.57 61.20 0.34 204.67 7.70 2005/06 7.70 216.75 65.41 289.86 66.27 0.35 214.98 8.61 2006/07 8.61 223.70 66.88 299.18 68.98 0.35 220.85 9.36 2007/08 9.36 231.28 69.69 310.33 72.14 0.41 228.93 9.27 2008/09 9.27 229.02 67.52 305.81 69.38 0.39 229.30 7.13 2009/10 7.13 243.81 68.81 319.75 72.22 0.41 239.05 8.48 2010/11 8.48 256.61 73.98 339.06 77.24 0.42 250.98 10.85 2011/12 10.85 267.33 77.39 355.57 80.37 0.44 262.88 12.32 2012/13 12.32 268.72 72.71 353.75 78.40 0.45 264.13 11.21 2013/14 11.21 282.37 78.30 371.88 82.04 0.46 277.12 12.72 2014/15 12.72 298.02 81.70 392.44 85.94 0.51 292.87 13.63 13.63 304.97 84.77 403.36 88.15 0.48 302.45 12.77 Major Vegetable Oils 2002/03 11.42 10.28 96.46 34.89 141.62 36.59 83.21 95.00 10.03 2003/04 12.08 10.03 103.18 37.69 150.91 40.01 87.21 100.48 10.42 2004/05 12.73 10.42 112.02 40.91 163.35 43.91 91.76 107.48 11.96 2005/06 13.61 11.96 119.40 44.51 175.88 48.65 94.69 114.16 13.07 2006/07 14.19 13.07 122.12 47.47 182.67 50.44 96.66 119.23 13.00 2007/08 14.72 13.00 129.23 50.67 192.90 54.52 99.65 125.48 12.90 2008/09 15.57 12.90 134.34 54.45 201.69 56.76 102.92 131.04 13.89 2009/10 16.32 13.89 141.63 56.41 211.93 58.89 107.60 138.35 14.70 2010/11 17.04 14.70 148.84 58.19 221.73 60.56 111.95 145.57 15.60 2011/12 17.62 15.60 157.78 61.71 235.08 64.67 115.89 152.15 18.26 2012/13 18.33 18.26 161.18 64.64 244.08 68.34 120.64 157.96 17.79 2013/14 19.10 17.79 171.26 66.47 255.52 70.00 125.95 166.84 18.68 2014/15 19.73 18.68 175.79 69.36 263.83 73.53 131.03 171.58 18.72 20.30 18.72 180.91 71.42 271.05 74.97 135.82 178.40 17.69 Based on the aggregate of different marketing years