Oil Seeds World Markets And Trade

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Oil Seeds World Markets And Trade

  1. 1. United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 2-10 February 2010 U.S. Soybean Prices Fall as Buyers’ Focus Turns to South America Daily U.S. Soybean Cash Price (Central Illinois $/BU) $11.00 $10.00 $9.00 $8.00 2 No 9 No 6 23 Ja 8 Ja 5 25 1 2 De 9 De 6 De 3 31 O 2 O 9 26 1 1 1 2 1 1 v v n b c c v v No No Ja n n Fe c c c De De ct ct ct O U.S. soybean prices, after holding nearly steady since mid-October, have begun a steady decline that has shaved 15 percent off the Central Illinois cash price since early January. Prices broke the $9/bu level in early February, the first time since mid- March if you exclude a brief two-day post harvest drop in early October. This fall in price is attributed to a slowdown in demand. With a record South American crop poised to enter the market, foreign buyers, particularly China, have turned their focus to Brazil and slowed their purchases of US soybeans. Meanwhile, encouraged by strong profit margin, domestic processors are crushing beans at a record pace, which has added some support to prices. However, as competition from South American processors intensifies, U.S. crush margins are expected to weaken, which would lead to further erosion in soybean prices in coming months. Approved by the World Agricultural Outlook Board/USDA
  2. 2. PRICES U.S. soybean export bids, FOB Gulf, in U.S. Gulf Soybean Export Bids the first week in February averaged $368 600 per ton, the lowest since February 2009. U.S. Gulf/FOB ($/Metric ton) Prospects of record crops in South 500 America and seasonal shift in China’s buying demand resulted in lower export 400 bids. 300 As of the week-ending January 28, 2010, U.S. soybean sales commitments 200 (outstanding sales plus accumulated D 8 A 8 Fe 9 D 9 O 8 Ju 8 A 9 Ju 9 10 A 8 Fe 8 09 Au 9 -0 -0 0 -0 0 -0 -0 -0 0 -0 0 exports) to China totaled 21.5 million b- b- b- n- g- n- ct ct pr pr ug ec ec Fe O tons, compared to 13.9 million a year ago. Total commitments to the world amounted to 34.9 million tons compared to 24.4 million the same period last year. TRADE CHANGES IN 2009/10 • U.S. soybean exports are up 0.7 million tons to a record 38.1 million supported by strong shipments and sales to date primarily to China. • Brazil’s soybean exports are up 1.3 million tons to 25.3 million with prospects of a record exportable supplies and early-season export demand. • Argentina’s soybean exports are cut 2.0 million tons to 7.9 million as an anticipated quick start in exports by Brazil reduces competitiveness of Argentine beans. • China’s soybean imports are up 0.5 million tons to 42.5 million due mainly to stronger shipments from the U.S. • Canada’s rapeseed exports are raised 0.3 million tons to 6.5 million in response to strong exports, mainly to China. • Ukraine’s rapeseed exports are up 0.2 million tons to 1.8 million supported by rising demand in the EU.
  3. 3. Table 01: Major Oilseeds: World Supply and Distribution (Commodity View) Million Metric Tons Feb 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 none Production none Oilseed, Copra 5.60 5.60 5.27 5.72 5.88 5.88 Oilseed, Cottonseed 45.48 43.47 46.00 45.91 41.26 39.80 Oilseed, Palm Kernel 9.54 9.97 10.18 11.10 11.74 12.02 Oilseed, Peanut 33.61 33.22 30.72 32.39 34.15 30.81 Oilseed, Rapeseed 46.09 48.50 45.09 48.52 58.21 59.46 Oilseed, Soybean 215.78 220.67 237.12 221.14 210.86 255.02 Oilseed, Sunflowerseed 25.42 30.04 29.80 27.02 33.03 30.75 Total 381.51 391.45 404.18 391.79 395.13 433.73 none Imports none Oilseed, Copra 0.13 0.07 0.09 0.11 0.10 0.10 Oilseed, Cottonseed 0.98 1.10 0.84 0.75 0.55 0.63 Oilseed, Palm Kernel 0.12 0.15 0.13 0.14 0.13 0.13 Oilseed, Peanut 1.82 1.94 1.98 2.07 1.93 1.92 Oilseed, Rapeseed 5.02 6.68 7.01 7.57 12.20 9.77 Oilseed, Soybean 63.47 64.13 69.06 78.12 77.17 79.58 Oilseed, Sunflowerseed 1.13 1.39 1.75 1.25 1.80 1.68 Total 72.67 75.45 80.86 90.00 93.87 93.80 none Exports none Oilseed, Copra 0.14 0.10 0.13 0.13 0.11 0.12 Oilseed, Cottonseed 0.95 0.96 0.84 0.84 0.48 0.54 Oilseed, Palm Kernel 0.14 0.18 0.15 0.10 0.15 0.15 Oilseed, Peanut 2.31 2.25 2.43 2.37 2.25 2.11 Oilseed, Rapeseed 4.90 6.98 6.63 8.13 12.06 10.12 Oilseed, Soybean 64.75 63.80 71.31 79.53 76.79 81.39 Oilseed, Sunflowerseed 1.22 1.52 1.88 1.41 2.20 1.83 Total 74.42 75.79 83.36 92.51 94.04 96.26 none Crush none Oilseed, Copra 5.55 5.57 5.16 5.66 5.81 5.88 Oilseed, Cottonseed 33.30 32.06 33.70 34.37 32.00 31.08 Oilseed, Palm Kernel 9.45 9.90 10.04 11.01 11.57 11.97 Oilseed, Peanut 15.78 15.41 14.05 15.16 15.42 13.86 Oilseed, Rapeseed 40.58 44.62 43.62 46.66 52.05 56.16 Oilseed, Soybean 175.86 185.19 195.66 201.87 194.55 204.22 Oilseed, Sunflowerseed 22.42 26.01 26.09 24.11 28.65 27.67 Total 302.94 318.76 328.30 338.85 340.05 350.84 none Ending Stocks none Oilseed, Copra 0.08 0.05 0.10 0.11 0.14 0.09 Oilseed, Cottonseed 0.98 1.34 1.33 1.22 0.80 0.76 Oilseed, Palm Kernel 0.18 0.15 0.18 0.20 0.24 0.16 Oilseed, Peanut 1.62 1.86 1.30 1.09 1.55 1.18 Oilseed, Rapeseed 4.75 5.51 4.66 3.55 7.09 7.03 Oilseed, Soybean 47.47 53.21 62.89 52.95 41.64 59.73 Oilseed, Sunflowerseed 2.25 2.52 2.75 2.56 2.80 2.00 Total 57.32 64.63 73.20 61.68 54.26 70.95 Totals may not add due to rounding Foreign Agricultural Service/USDA Office of Global Analysis February 2010
  4. 4. Table 02: Major Protein Meals: World Supply and Distribution (Commodity View) Million Metric Tons Feb 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 none Production none Meal, Copra 1.82 1.81 1.68 1.85 1.90 1.92 Meal, Cottonseed 15.15 14.58 15.33 15.65 14.44 14.18 Meal, Fish 5.70 4.94 5.05 5.18 5.13 5.14 Meal, Palm Kernel 5.00 5.25 5.33 5.86 6.20 6.39 Meal, Peanut 6.11 5.98 5.46 5.93 6.02 5.40 Meal, Rapeseed 24.23 26.57 25.95 27.68 30.86 33.28 Meal, Soybean 139.07 145.82 153.93 158.42 152.95 160.64 Meal, Sunflowerseed 9.99 11.52 11.50 10.52 12.56 12.17 Total 207.07 216.46 224.22 231.09 230.07 239.11 none Imports none Meal, Copra 0.73 0.67 0.57 0.70 0.57 0.56 Meal, Cottonseed 0.48 0.48 0.44 0.42 0.34 0.35 Meal, Fish 3.59 2.94 2.68 3.01 2.97 2.85 Meal, Palm Kernel 3.67 3.77 3.80 4.23 3.93 3.94 Meal, Peanut 0.11 0.20 0.15 0.14 0.07 0.13 Meal, Rapeseed 2.30 2.56 3.05 3.56 3.56 3.54 Meal, Soybean 45.92 51.16 52.60 54.30 51.06 54.07 Meal, Sunflowerseed 2.57 3.30 3.41 2.85 4.08 3.61 Total 59.37 65.08 66.70 69.19 66.59 69.07 none Exports none Meal, Copra 0.74 0.78 0.70 0.85 0.53 0.59 Meal, Cottonseed 0.48 0.45 0.41 0.42 0.40 0.37 Meal, Fish 3.67 2.73 2.59 2.84 2.91 2.85 Meal, Palm Kernel 3.54 3.80 3.94 4.35 4.64 4.77 Meal, Peanut 0.15 0.25 0.19 0.14 0.17 0.12 Meal, Rapeseed 2.51 2.69 2.88 3.65 3.47 3.71 Meal, Soybean 47.68 51.78 53.97 55.78 52.03 55.12 Meal, Sunflowerseed 2.78 3.53 3.47 3.20 4.21 3.85 Total 61.54 66.02 68.16 71.23 68.36 71.37 none Domestic Consumption none Meal, Copra 1.80 1.69 1.53 1.67 1.91 1.93 Meal, Cottonseed 15.03 14.55 15.42 15.71 14.43 14.11 Meal, Fish 5.65 5.14 4.99 5.33 5.21 5.19 Meal, Palm Kernel 5.13 5.13 5.34 5.75 5.53 5.57 Meal, Peanut 6.09 5.93 5.42 5.93 5.92 5.42 Meal, Rapeseed 24.19 26.33 26.48 27.61 30.75 33.13 Meal, Soybean 136.69 145.54 152.24 157.33 152.55 159.42 Meal, Sunflowerseed 9.80 11.20 11.50 10.13 12.14 12.24 Total 204.40 215.51 222.92 229.45 228.44 237.00 none Ending Stocks none Meal, Copra 0.08 0.08 0.10 0.13 0.15 0.11 Meal, Cottonseed 0.22 0.27 0.22 0.15 0.11 0.16 Meal, Fish 0.15 0.15 0.30 0.32 0.31 0.26 Meal, Palm Kernel 0.23 0.33 0.17 0.16 0.13 0.12 Meal, Peanut 0.02 0.01 0.01 0.01 0.01 0.01 Meal, Rapeseed 0.48 0.59 0.24 0.21 0.42 0.40 Meal, Soybean 6.57 6.23 6.54 6.16 5.59 5.76 Meal, Sunflowerseed 0.17 0.27 0.21 0.24 0.54 0.23 Total 7.91 7.94 7.78 7.38 7.24 7.05 Totals may not add due to rounding Foreign Agricultural Service/USDA Office of Global Analysis February 2010
  5. 5. Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View) Million Metric Tons Feb 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 none Production none Oil, Coconut 3.46 3.46 3.22 3.53 3.63 3.67 Oil, Cottonseed 5.11 4.90 5.13 5.22 4.84 4.72 Oil, Olive 2.96 2.66 2.91 2.84 2.97 2.99 Oil, Palm 33.46 35.83 37.23 40.94 42.41 45.13 Oil, Palm Kernel 4.15 4.40 4.48 4.90 5.14 5.30 Oil, Peanut 5.08 4.97 4.51 4.90 4.97 4.47 Oil, Rapeseed 15.72 17.30 17.01 18.33 20.37 21.97 Oil, Soybean 32.63 34.62 36.36 37.54 36.09 37.75 Oil, Sunflowerseed 9.17 10.60 10.61 9.85 11.73 11.29 Total 111.74 118.72 121.45 128.05 132.14 137.29 none Imports none Oil, Coconut 1.86 1.99 1.88 1.93 1.61 1.83 Oil, Cottonseed 0.11 0.07 0.08 0.09 0.07 0.08 Oil, Olive 0.57 0.58 0.65 0.59 0.55 0.62 Oil, Palm 24.17 26.45 27.63 30.74 34.31 34.55 Oil, Palm Kernel 1.62 1.70 2.07 2.16 2.32 2.31 Oil, Peanut 0.17 0.16 0.18 0.15 0.14 0.16 Oil, Rapeseed 1.20 1.47 2.20 2.02 2.44 2.42 Oil, Soybean 8.88 9.09 9.93 10.40 8.85 8.91 Oil, Sunflowerseed 2.16 3.23 3.39 2.66 3.99 3.70 Total 40.73 44.74 48.01 50.73 54.29 54.57 none Exports none Oil, Coconut 2.07 2.08 1.74 1.93 1.52 1.86 Oil, Cottonseed 0.19 0.18 0.19 0.21 0.19 0.17 Oil, Olive 0.62 0.61 0.71 0.65 0.68 0.70 Oil, Palm 24.65 27.21 27.50 32.30 34.21 35.32 Oil, Palm Kernel 1.76 1.87 2.12 2.49 2.58 2.62 Oil, Peanut 0.16 0.20 0.16 0.15 0.20 0.16 Oil, Rapeseed 1.29 1.67 2.00 1.93 2.38 2.45 Oil, Soybean 9.17 9.84 10.57 10.87 9.06 9.34 Oil, Sunflowerseed 2.64 3.95 3.96 3.36 4.50 4.20 Total 42.56 47.60 48.94 53.88 55.32 56.82 none Domestic Consumption none Oil, Coconut 3.25 3.54 3.28 3.46 3.46 3.71 Oil, Cottonseed 4.90 4.84 5.01 5.09 4.79 4.64 Oil, Olive 2.78 2.72 2.88 2.92 2.95 2.93 Oil, Palm 32.68 34.97 37.06 39.42 41.79 44.17 Oil, Palm Kernel 3.95 4.20 4.54 4.49 4.83 4.97 Oil, Peanut 5.07 5.00 4.67 4.86 4.83 4.59 Oil, Rapeseed 15.53 16.93 17.45 18.41 19.92 21.62 Oil, Soybean 31.62 33.57 35.70 37.61 35.81 37.67 Oil, Sunflowerseed 8.52 9.81 10.30 8.94 10.75 11.18 Total 108.29 115.57 120.89 125.20 129.11 135.47 none Ending Stocks none Oil, Coconut 0.39 0.23 0.30 0.38 0.65 0.58 Oil, Cottonseed 0.25 0.21 0.22 0.24 0.17 0.15 Oil, Olive 1.23 1.14 1.12 0.98 0.86 0.83 Oil, Palm 3.77 3.87 4.17 4.12 4.85 5.04 Oil, Palm Kernel 0.45 0.48 0.38 0.46 0.51 0.54 Oil, Peanut 0.29 0.20 0.06 0.09 0.18 0.07 Oil, Rapeseed 0.49 0.66 0.41 0.43 0.94 1.25 Oil, Soybean 3.24 3.53 3.56 3.02 3.08 2.73 Oil, Sunflowerseed 0.74 0.81 0.56 0.76 1.23 0.84 Total 10.85 11.14 10.77 10.46 12.46 12.03 Totals may not add due to rounding Foreign Agricultural Service/USDA Office of Global Analysis February 2010
  6. 6. Table 04: Major Oilseeds: World Supply and Distribution (Country View) Million Metric Tons Feb 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 Production none United States 95.94 95.67 96.84 82.45 89.20 98.98 Brazil 55.58 59.13 62.02 64.18 59.47 68.44 Argentina 43.43 45.03 53.16 51.71 35.69 56.15 China 58.35 56.80 55.23 53.35 57.79 54.46 India 29.40 30.70 29.92 33.95 33.70 32.25 Other 98.81 104.12 107.01 106.15 119.28 123.44 Total 381.51 391.45 404.18 391.79 395.13 433.73 Imports none China 26.12 29.00 29.70 38.64 44.14 44.02 EU-27 16.00 15.91 17.16 17.03 18.01 16.32 Japan 6.82 6.55 6.55 6.52 5.77 6.40 Mexico 5.11 5.48 5.43 5.29 4.77 5.24 Taiwan 2.27 2.51 2.44 2.16 2.22 2.26 Turkey 1.50 1.75 1.94 2.14 1.65 1.90 Indonesia 1.26 1.38 1.51 1.42 1.62 1.80 Thailand 1.56 1.52 1.58 1.82 1.57 1.76 Egypt 0.77 0.78 1.34 1.08 1.59 1.52 Korea, South 1.41 1.37 1.41 1.38 1.31 1.34 Other 9.85 9.21 11.79 12.54 11.22 11.27 Total 72.67 75.45 80.86 90.00 93.87 93.80 Exports none United States 30.71 26.61 31.65 33.05 35.80 39.04 Brazil 20.24 25.98 23.54 25.44 30.06 25.38 Canada 4.65 6.79 7.26 7.64 10.00 8.59 Argentina 10.08 7.83 10.23 14.40 6.14 8.37 Paraguay 2.94 2.44 4.40 5.53 2.54 5.42 Ukraine 0.13 0.63 1.24 1.17 3.68 2.72 Uruguay 0.58 0.65 0.78 0.84 1.00 1.57 Other 5.10 4.87 4.27 4.44 4.81 5.19 Total 74.42 75.79 83.36 92.51 94.04 96.26 Crush none China 60.54 64.97 65.28 68.47 72.88 76.32 United States 50.17 51.90 53.48 53.50 49.35 50.59 EU-27 33.38 34.23 36.32 38.05 39.41 41.09 Argentina 31.41 35.93 36.95 39.23 35.74 38.30 Brazil 31.34 30.01 33.48 34.65 34.68 33.75 India 23.57 25.10 24.62 27.56 26.44 26.46 Russia 5.15 6.51 7.16 6.71 8.30 8.50 Indonesia 5.15 5.58 5.74 6.20 6.73 6.92 Ukraine 3.34 4.98 5.39 4.69 6.96 6.62 Canada 4.58 4.92 5.10 5.53 5.57 5.88 Mexico 5.51 5.85 5.70 5.64 5.19 5.57 Pakistan 5.41 5.10 5.16 4.78 5.04 5.26 Malaysia 4.65 4.72 4.40 4.97 5.01 5.18 Japan 5.42 5.12 5.17 5.17 4.73 4.97 Philippines 2.63 2.57 2.32 2.70 2.62 2.76 Other 30.70 31.27 32.04 31.02 31.41 32.70 Total 302.94 318.76 328.30 338.85 340.05 350.84 Ending Stocks none Argentina 17.41 17.71 24.06 23.52 17.25 25.14 Brazil 16.68 16.67 18.32 19.07 10.62 16.90 China 4.70 4.57 2.70 4.25 10.40 11.49 United States 8.29 14.20 17.02 6.91 5.62 7.07 EU-27 3.13 3.10 3.22 2.06 3.16 3.28 Other 7.11 8.37 7.88 5.87 7.21 7.07 Total 57.32 64.63 73.20 61.68 54.26 70.95 Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds. Foreign Agricultural Service/USDA Office of Global Analysis February 2010
  7. 7. Table 05: Major Protein Meals: World Supply and Distribution (Country View) Million Metric Tons Feb 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 Production none China 39.69 43.18 43.55 46.09 49.00 52.07 United States 39.26 39.94 41.49 40.90 37.78 38.99 Argentina 23.37 26.77 27.53 29.05 26.59 28.90 EU-27 22.48 22.85 24.29 25.35 25.69 26.58 Brazil 23.71 22.76 25.26 26.12 26.25 25.54 Other 58.55 60.96 62.11 63.57 64.75 67.04 Total 207.07 216.46 224.22 231.09 230.07 239.11 Imports none EU-27 27.29 28.30 27.02 28.55 26.60 27.55 Korea, South 2.68 2.91 3.15 3.32 3.18 3.15 Indonesia 2.02 2.25 2.41 2.63 2.54 2.80 Vietnam 1.35 1.93 2.63 2.69 2.57 2.78 Thailand 2.02 2.43 2.64 2.28 2.59 2.63 Japan 1.94 2.07 2.17 2.11 2.23 2.09 United States 1.52 1.66 1.70 1.98 1.85 2.04 Other 20.56 23.56 24.98 25.64 25.02 26.03 Total 59.37 65.08 66.70 69.19 66.59 69.07 Exports none Argentina 21.79 25.22 26.42 27.89 24.81 27.65 Brazil 14.26 12.91 12.72 12.15 13.00 12.00 United States 6.97 7.61 8.26 8.71 7.95 9.38 India 2.72 4.69 4.46 6.04 3.96 4.08 Indonesia 1.84 2.18 2.10 2.39 2.68 2.73 Malaysia 2.00 1.87 2.10 2.17 2.12 2.21 Ukraine 0.89 1.37 1.51 1.30 2.27 2.06 Other 11.09 10.17 10.61 10.59 11.58 11.27 Total 61.54 66.02 68.16 71.23 68.36 71.37 Domestic Consumption none EU-27 48.83 49.98 50.45 52.90 52.05 53.25 China 40.67 44.81 43.95 47.26 49.43 52.76 United States 33.87 33.84 34.90 34.22 31.76 31.56 Brazil 9.93 10.15 12.27 13.48 13.49 13.74 India 9.60 9.83 10.02 10.15 10.64 11.31 Japan 5.99 5.91 5.99 5.97 5.74 5.79 Mexico 5.35 6.04 6.04 5.51 5.33 5.60 Thailand 3.73 4.05 4.25 4.10 4.34 4.43 Korea, South 3.47 3.60 3.99 4.04 4.02 3.95 Russia 2.39 2.69 3.11 3.25 3.39 3.53 Other 40.59 44.63 47.95 48.57 48.25 51.08 Total 204.40 215.51 222.92 229.45 228.44 237.00 SME none China 38.75 42.56 41.78 45.36 47.19 50.38 EU-27 44.85 45.79 46.43 48.51 47.16 48.10 United States 33.19 33.14 34.22 33.45 31.03 30.82 Brazil 9.76 10.00 12.06 13.27 13.30 13.55 India 8.34 8.48 8.64 8.97 9.36 9.82 Japan 5.89 5.83 5.89 5.86 5.60 5.65 Mexico 5.07 5.71 5.74 5.16 5.01 5.25 Other 47.15 51.81 55.56 55.85 55.95 58.84 Total 192.99 203.32 210.32 216.43 214.59 222.42 Ending Stocks none Brazil 1.58 1.48 1.93 2.60 2.46 2.42 Argentina 1.47 1.78 1.56 1.30 1.67 1.49 India 1.15 0.81 0.45 0.12 0.68 0.64 EU-27 1.09 1.11 1.07 1.25 0.55 0.63 United States 0.22 0.36 0.39 0.33 0.25 0.33 Other 2.41 2.40 2.38 1.77 1.64 1.54 Total 7.91 7.94 7.78 7.38 7.24 7.05 Major Protien Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal. Foreign Agricultural Service/USDA Office of Global Analysis February 2010
  8. 8. Table 06: Major Vegetable Oils: World Supply and Distribution (Country View) Million Metric Tons Feb 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 Production none Indonesia 16.05 18.25 19.37 20.98 22.73 24.05 Malaysia 17.15 17.50 17.20 19.73 19.41 20.74 China 13.83 14.76 14.27 14.69 16.02 16.72 EU-27 12.62 12.80 13.66 14.28 15.42 16.17 United States 9.75 10.38 10.41 10.53 9.65 9.76 Argentina 6.82 7.63 7.71 8.48 7.65 7.95 India 6.47 6.85 6.43 7.01 6.80 6.81 Other 29.07 30.55 32.42 32.36 34.48 35.10 Total 111.74 118.72 121.45 128.05 132.14 137.29 Imports none China 6.65 6.96 8.50 8.76 9.77 9.70 EU-27 6.80 8.21 9.11 8.80 8.84 8.34 India 5.68 4.86 5.44 5.93 8.76 8.28 United States 1.84 2.38 2.53 3.11 3.23 3.26 Pakistan 1.63 1.72 2.25 2.28 2.24 2.28 Egypt 0.98 1.23 1.20 1.27 1.58 1.55 Malaysia 0.76 1.23 0.85 1.17 1.27 1.34 Iran 1.17 1.18 1.21 1.28 1.10 1.26 Bangladesh 0.99 1.12 1.23 1.13 1.00 1.10 Turkey 0.76 1.25 0.61 0.84 0.82 0.95 Other 13.46 14.61 15.10 16.16 15.67 16.52 Total 40.73 44.74 48.01 50.73 54.29 54.57 Exports none Indonesia 11.43 13.47 13.39 16.07 16.78 17.94 Malaysia 13.53 13.71 13.73 15.73 17.02 16.83 Argentina 5.99 6.89 6.87 7.05 5.76 6.10 Ukraine 0.74 1.61 1.89 1.35 2.16 2.15 United States 0.84 0.90 1.33 1.68 1.46 1.84 Canada 0.98 1.12 1.30 1.36 1.57 1.58 Brazil 2.54 2.55 2.50 2.44 1.96 1.47 Other 6.50 7.34 7.94 8.21 8.62 8.91 Total 42.56 47.60 48.94 53.88 55.32 56.82 Domestic Consumption none China 20.50 21.51 22.56 23.34 24.65 26.18 EU-27 17.93 20.13 21.70 22.08 22.64 23.29 India 11.56 12.11 11.91 12.98 14.69 15.36 United States 10.43 11.19 11.66 12.23 11.21 11.47 Indonesia 4.96 5.24 5.35 5.47 5.89 6.11 Brazil 3.53 3.67 4.15 4.73 5.09 5.57 Malaysia 4.16 4.54 4.87 4.64 4.36 4.99 Pakistan 2.68 2.81 3.44 3.40 3.43 3.49 Russia 2.71 2.71 2.83 3.11 3.05 3.06 Japan 2.26 2.19 2.19 2.23 2.13 2.21 Argentina 0.77 0.80 1.00 1.40 1.83 2.09 Mexico 1.91 2.01 2.01 2.02 1.96 2.06 Egypt 1.17 1.38 1.51 1.50 1.74 1.83 Nigeria 1.61 1.64 1.73 1.76 1.76 1.79 Turkey 1.55 1.78 1.73 1.71 1.66 1.69 Other 20.59 21.88 22.26 22.61 23.02 24.27 Total 108.29 115.57 120.89 125.20 129.11 135.47 Ending Stocks none EU-27 2.04 1.96 1.99 1.84 2.19 2.36 Malaysia 1.79 2.26 1.71 2.24 1.54 1.80 United States 1.12 1.80 1.74 1.46 1.68 1.39 China 0.25 0.20 0.25 0.23 1.26 1.36 Indonesia 1.11 0.72 1.41 0.90 0.99 1.02 Other 4.55 4.20 3.67 3.79 4.81 4.11 Total 10.85 11.14 10.77 10.46 12.46 12.03 Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil. Foreign Agricultural Service/USDA Office of Global Analysis February 2010
  9. 9. Table 07: Soybeans: World Supply and Distribution Thousand Metric Tons Feb 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 Production none United States 85,019 83,507 87,001 72,859 80,749 91,472 Brazil 53,000 57,000 59,000 61,000 57,000 66,000 Argentina 39,000 40,500 48,800 46,200 32,000 53,000 China 17,400 16,350 15,967 14,000 15,500 14,500 India 5,850 7,000 7,690 9,470 9,100 8,800 Paraguay 4,040 3,640 5,856 6,900 3,900 7,100 Canada 3,042 3,161 3,466 2,696 3,336 3,500 Other 8,426 9,512 9,337 8,016 9,278 10,645 Total 215,777 220,670 237,117 221,141 210,863 255,017 Imports none China 25,802 28,317 28,726 37,816 41,098 42,500 EU-27 14,539 13,937 15,291 15,123 13,213 13,000 Japan 4,295 3,962 4,094 4,014 3,396 3,950 Mexico 3,640 3,667 3,844 3,584 3,327 3,500 Taiwan 2,256 2,498 2,436 2,148 2,216 2,250 Thailand 1,517 1,473 1,532 1,753 1,510 1,705 Indonesia 1,112 1,187 1,309 1,147 1,393 1,600 Egypt 762 776 1,328 1,061 1,575 1,500 Turkey 858 1,078 1,268 1,277 974 1,280 Korea, South 1,240 1,190 1,231 1,232 1,167 1,200 Other 7,452 6,044 8,003 8,966 7,301 7,090 Total 63,473 64,129 69,062 78,121 77,170 79,575 Exports none United States 29,860 25,579 30,386 31,538 34,925 38,102 Brazil 20,137 25,911 23,485 25,364 29,986 25,300 Argentina 9,568 7,249 9,559 13,837 5,588 7,850 Paraguay 2,882 2,380 4,361 5,400 2,400 5,300 Canada 1,124 1,326 1,683 1,753 2,017 2,000 Other 1,181 1,359 1,836 1,634 1,878 2,837 Total 64,752 63,804 71,310 79,526 76,794 81,389 Crush none United States 46,160 47,324 49,198 49,081 45,232 46,811 China 30,362 34,500 35,970 39,518 41,035 44,930 Argentina 27,313 31,888 33,586 34,607 31,911 35,300 Brazil 29,344 28,285 31,109 32,114 32,512 31,600 EU-27 14,350 13,670 14,670 14,870 12,860 12,500 India 5,030 5,990 6,615 8,170 7,500 7,600 Mexico 3,729 3,823 3,900 3,620 3,465 3,560 Japan 3,149 2,820 2,925 2,890 2,496 2,750 Taiwan 2,013 2,190 2,161 1,965 1,917 1,970 Russia 546 675 805 1,051 1,497 1,830 Paraguay 1,078 1,181 1,355 1,400 1,500 1,550 Thailand 1,500 1,413 1,406 1,514 1,425 1,497 Egypt 721 800 1,250 1,129 1,545 1,480 Bolivia 1,815 1,843 1,670 1,160 1,350 1,410 Canada 1,545 1,497 1,524 1,383 1,286 1,375 Other 7,201 7,289 7,515 7,402 7,019 8,056 Total 175,856 185,188 195,659 201,874 194,550 204,219 Ending Stocks none Argentina 15,976 16,473 22,606 21,760 16,186 24,400 Brazil 16,658 16,641 18,190 18,902 10,547 16,847 China 4,700 4,573 2,700 4,245 9,008 10,048 United States 6,960 12,229 15,617 5,580 3,761 5,715 EU-27 757 733 1,118 814 560 750 Other 2,422 2,558 2,654 1,646 1,576 1,967 Total 47,473 53,207 62,885 52,947 41,638 59,727 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 and Turkey is on an March/February MY. Foreign Agricultural Service/USDA Office of Global Analysis February 2010
  10. 10. Table 08: Soybean Meal: World Supply and Distribution Thousand Metric Tons Feb 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 Production none United States 36,936 37,416 39,037 38,360 35,475 36,764 China 24,026 27,296 28,465 31,280 32,475 35,558 Argentina 21,601 25,012 26,061 27,070 24,954 27,600 Brazil 22,740 21,920 24,110 24,890 25,200 24,500 EU-27 11,300 10,760 11,550 11,715 10,131 9,848 India 4,015 4,782 5,280 6,521 5,985 6,065 Mexico 2,958 3,015 3,075 2,814 2,727 2,800 Other 15,496 15,615 16,353 15,774 16,007 17,508 Total 139,072 145,816 153,931 158,424 152,954 160,643 Imports none EU-27 21,910 22,829 22,213 24,074 20,980 22,800 Indonesia 1,849 2,071 2,237 2,429 2,339 2,600 Vietnam 1,152 1,722 2,373 2,439 2,300 2,500 Thailand 1,730 2,042 2,275 1,935 2,160 2,208 Korea, South 1,462 1,773 1,870 1,760 1,813 1,850 Japan 1,503 1,601 1,737 1,747 1,812 1,700 Mexico 1,251 1,728 1,780 1,382 1,497 1,450 Philippines 1,377 1,374 1,357 1,213 1,200 1,450 Canada 1,145 1,342 1,415 1,511 1,251 1,345 Venezuela 757 826 860 1,063 1,050 1,100 Other 11,781 13,852 14,484 14,748 14,658 15,066 Total 45,917 51,160 52,601 54,301 51,060 54,069 Exports none Argentina 20,650 24,222 25,625 26,816 23,998 26,950 Brazil 14,256 12,895 12,715 12,138 13,000 12,000 United States 6,659 7,301 7,987 8,384 7,718 9,072 India 1,794 3,679 3,461 4,790 3,158 3,200 Paraguay 1,082 644 797 1,117 1,167 1,064 Other 3,239 3,040 3,388 2,530 2,992 2,835 Total 47,680 51,781 53,973 55,775 52,033 55,121 Domestic Consumption none China 23,437 27,776 27,630 30,849 31,673 34,928 EU-27 32,680 32,875 33,228 35,169 31,579 32,020 United States 30,446 30,114 31,166 30,148 27,891 27,760 Brazil 8,960 9,328 11,118 12,257 12,440 12,700 Mexico 4,208 4,751 4,871 4,220 4,170 4,300 Japan 3,978 3,846 3,992 4,007 3,769 3,848 Thailand 2,936 3,183 3,348 3,229 3,275 3,373 India 1,426 1,525 1,852 2,056 2,483 2,890 Indonesia 1,839 2,085 2,236 2,420 2,333 2,600 Korea, South 2,196 2,381 2,661 2,515 2,552 2,549 Vietnam 1,152 1,722 2,373 2,439 2,300 2,500 Canada 2,286 2,392 2,476 2,485 2,185 2,300 Iran 1,113 1,504 1,612 1,873 1,824 1,938 Russia 960 1,140 1,444 1,560 1,646 1,770 Taiwan 1,700 1,800 1,750 1,555 1,609 1,644 Other 17,375 19,119 20,487 20,546 20,821 22,301 Total 136,692 145,541 152,244 157,328 152,550 159,421 Ending Stocks none Brazil 1,577 1,469 1,913 2,588 2,453 2,405 Argentina 1,423 1,647 1,504 1,138 1,464 1,441 India 880 459 429 106 452 429 EU-27 859 872 859 1,065 130 358 United States 156 285 311 267 213 272 Other 1,677 1,494 1,525 999 882 859 Total 6,572 6,226 6,541 6,163 5,594 5,764 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. Foreign Agricultural Service/USDA Office of Global Analysis February 2010
  11. 11. Table 09: Soybean Oil: World Supply and Distribution Thousand Metric Tons Feb 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 Production none United States 8,782 9,248 9,294 9,335 8,503 8,691 China 5,421 6,149 6,410 7,045 7,314 8,008 Argentina 5,128 5,998 6,424 6,627 6,124 6,775 Brazil 5,630 5,430 5,970 6,160 6,240 6,060 EU-27 2,575 2,460 2,640 2,667 2,314 2,250 India 900 1,070 1,180 1,458 1,340 1,362 Mexico 635 670 685 636 609 626 Other 3,560 3,590 3,756 3,615 3,643 3,979 Total 32,631 34,615 36,359 37,543 36,087 37,751 Imports none China 1,728 1,516 2,404 2,727 2,494 2,400 India 2,026 1,727 1,447 733 1,060 890 EU-27 181 717 991 1,040 793 600 Morocco 318 372 360 421 350 360 Algeria 270 310 295 366 325 350 Egypt 173 240 124 482 320 350 Iran 741 600 606 545 260 350 Venezuela 247 285 351 363 320 340 Bangladesh 228 262 327 406 253 300 Korea, South 244 265 302 296 266 300 Other 2,727 2,797 2,722 3,016 2,413 2,668 Total 8,883 9,091 9,929 10,395 8,854 8,908 Exports none Argentina 4,757 5,597 5,970 5,786 4,707 5,175 United States 600 523 851 1,320 995 1,474 Brazil 2,414 2,466 2,462 2,388 1,910 1,425 Paraguay 112 195 258 299 243 250 EU-27 525 269 243 333 399 190 Bolivia 238 243 231 141 176 181 Russia 0 1 5 10 127 110 Other 525 550 546 592 506 535 Total 9,171 9,844 10,566 10,869 9,063 9,340 Domestic Consumption none China 7,203 7,607 8,670 9,693 9,486 10,346 United States 7,911 8,147 8,426 8,317 7,432 7,485 Brazil 3,060 3,113 3,395 3,920 4,274 4,755 EU-27 2,210 2,915 3,368 3,377 2,779 2,610 India 2,627 2,933 2,600 2,300 2,330 2,243 Argentina 396 397 569 997 1,405 1,645 Mexico 781 792 820 839 800 815 Egypt 296 345 379 659 605 612 Japan 639 573 577 573 512 545 Iran 804 775 725 685 401 528 Korea, South 406 418 436 444 447 445 Morocco 429 444 445 475 423 428 Venezuela 279 295 355 378 340 360 Algeria 270 310 295 366 325 350 Taiwan 405 396 395 382 360 350 Other 3,899 4,107 4,243 4,203 3,895 4,149 Total 31,615 33,567 35,698 37,608 35,814 37,666 Ending Stocks none United States 771 1,365 1,399 1,127 1,244 1,010 China 247 200 250 227 466 428 Brazil 514 393 510 429 490 420 India 386 232 250 132 193 193 EU-27 201 194 214 211 140 190 Other 1,117 1,147 932 890 547 492 Total 3,236 3,531 3,555 3,016 3,080 2,733 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. Foreign Agricultural Service/USDA Office of Global Analysis February 2010
  12. 12. Table 10: Soybeans and Products: World Trade Thousand Metric Tons Meal, Soybean Oil, Soybean Oilseed, Soybean Marketing Year 2007/08 2008/09 2009/10 2007/08 2008/09 2009/10 2007/08 2008/09 2009/10 Exports North America 8 7,806 9,203 2 1,034 1,516 0 36,942 40,102 Canada (Aug-Jul) 120 82 124 50 38 40 1,753 2,017 2,000 United States (Sep-Aug) 8,384 7,718 9,072 1,320 995 1,474 31,538 34,925 38,102 South America 14,106 1,167 41,064 2,847 243 7,050 45,480 2,400 40,137 Argentina (Oct-Sep) 26,816 23,998 26,950 5,786 4,707 5,175 13,837 5,588 7,850 Brazil (Oct-Sep) 12,138 13,000 12,000 2,388 1,910 1,425 25,364 29,986 25,300 Paraguay (Mar-Feb) 1,117 1,167 1,064 299 243 250 5,400 2,400 5,300 South Asia 1 1 3,201 0 0 9 0 0 5 India (Oct-Sep) 4,790 3,158 3,200 9 9 9 12 5 5 Other 41,660 43,059 1,653 8,020 7,786 765 34,046 37,452 1,145 World Total 55,775 52,033 55,121 10,869 9,063 9,340 79,526 76,794 81,389 Imports European Union 0 0 22,800 0 0 600 0 0 13,000 East Asia 230 1,813 3,860 417 332 2,865 5,288 1,167 49,945 China (Oct-Sep) 203 215 200 2,727 2,494 2,400 37,816 41,098 42,500 Japan (Oct-Sep) 1,747 1,812 1,700 42 39 50 4,014 3,396 3,950 Korea, South (Oct-Sep) 1,760 1,813 1,850 296 266 300 1,232 1,167 1,200 Taiwan (Oct-Sep) 22 113 100 40 11 12 2,148 2,216 2,250 Southeast Asia 4,092 8,954 9,730 112 226 255 1,267 0 4,208 Indonesia (Oct-Sep) 2,429 2,339 2,600 21 13 15 1,147 1,393 1,600 Malaysia (Oct-Sep) 924 934 950 123 102 117 504 530 558 Philippines (Jan-Dec) 1,213 1,200 1,450 3 2 5 41 35 125 Thailand (Sep-Aug) 1,935 2,160 2,208 1 1 1 1,753 1,510 1,705 Vietnam (Jan-Dec) 2,439 2,300 2,500 91 72 80 120 175 200 North America 1,382 2,828 2,922 110 245 288 578 4,074 4,094 Canada (Aug-Jul) 1,511 1,251 1,345 80 45 59 309 386 376 Mexico (Sep-Aug) 1,382 1,497 1,450 236 159 195 3,584 3,327 3,500 South America 3 19 4,384 0 4 1,011 3,757 15 776 Brazil (Oct-Sep) 180 105 152 67 5 50 150 43 150 Colombia (Oct-Sep) 882 825 875 184 170 185 265 290 263 Central America 274 435 926 87 40 171 232 0 236 Caribbean 790 0 800 274 79 261 0 25 185 Middle East 25 245 3,355 52 36 493 3,312 2,704 3,550 Iran (Oct-Sep) 891 1,044 920 545 260 350 1,036 783 1,070 Israel (Oct-Sep) 63 84 80 14 10 14 481 326 450 Syria (Jan-Dec) 404 617 615 19 5 5 361 559 525 Turkey (Nov-Oct) 356 399 400 27 10 20 1,277 974 1,280 North Africa 1,598 1,621 1,640 421 470 1,190 1,470 1,961 1,925 Egypt (Oct-Sep) 135 279 250 482 320 350 1,061 1,575 1,500 Other 45,907 35,145 3,652 8,922 7,422 1,774 62,217 67,224 1,656 World Total 54,301 51,060 54,069 10,395 8,854 8,908 78,121 77,170 79,575 Foreign Agricultural Service/USDA Office of Global Analysis February 2010
  13. 13. Table 11: Palm Oil: World Supply and Distribution Thousand Metric Tons Feb 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 Production none Indonesia 13,560 15,560 16,600 18,000 19,500 20,750 Malaysia 15,194 15,485 15,290 17,567 17,259 18,500 Thailand 820 784 1,170 1,050 1,200 1,300 Nigeria 790 800 810 820 820 820 Colombia 647 690 770 830 760 780 Other 2,451 2,509 2,593 2,669 2,873 2,982 Total 33,462 35,828 37,233 40,936 42,412 45,132 Imports none India 3,525 2,899 3,650 5,015 6,867 6,650 China 4,319 4,975 5,139 5,223 6,118 6,300 EU-27 4,028 4,272 4,407 4,694 5,150 4,800 Pakistan 1,565 1,703 2,218 2,219 2,200 2,250 United States 349 596 702 952 1,036 998 Bangladesh 757 847 898 724 748 800 Egypt 616 754 767 571 850 800 Iran 351 485 388 708 570 750 Malaysia 338 746 300 462 700 700 Japan 492 494 516 551 531 570 Other 7,827 8,679 8,640 9,618 9,544 9,936 Total 24,167 26,450 27,625 30,737 34,314 34,554 Exports none Malaysia 12,684 12,931 12,900 14,644 16,000 15,800 Indonesia 9,621 11,696 11,419 13,969 14,650 15,680 Benin 24 160 198 450 475 500 Papua New Guinea 321 327 357 389 396 419 United Arab Emirates 268 315 358 350 350 350 Other 1,729 1,776 2,271 2,495 2,339 2,574 Total 24,647 27,205 27,503 32,297 34,210 35,323 Domestic Consumption none India 3,406 3,124 3,671 5,065 6,475 6,800 China 4,318 4,974 5,138 5,222 5,618 6,330 Indonesia 4,025 4,255 4,542 4,664 4,875 5,005 EU-27 3,916 4,151 4,256 4,392 4,693 4,648 Malaysia 2,659 2,926 3,109 2,886 2,620 3,140 Pakistan 1,560 1,708 2,218 2,219 2,200 2,250 Nigeria 1,085 1,085 1,155 1,190 1,190 1,205 United States 328 564 663 948 959 992 Thailand 756 671 694 747 890 960 Bangladesh 747 806 880 790 745 800 Egypt 616 754 767 571 725 800 Iran 348 483 386 657 619 749 Colombia 437 492 483 531 563 565 Japan 492 499 521 551 531 565 Vietnam 198 326 415 428 455 510 Other 7,788 8,156 8,163 8,561 8,631 8,851 Total 32,679 34,974 37,061 39,422 41,789 44,170 Ending Stocks none Malaysia 1,507 1,881 1,462 1,961 1,300 1,560 Indonesia 1,053 702 1,363 750 745 830 EU-27 200 220 204 368 690 662 China 0 0 0 0 499 468 India 208 20 47 47 489 389 Other 804 1,048 1,089 993 1,123 1,130 Total 3,772 3,871 4,165 4,119 4,846 5,039 Foreign Agricultural Service/USDA Office of Global Analysis February 2010

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