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OILSEEDS AND PRODUCTS: WORLD MARKETS AND TRADE

December 1996

This report draws on information from USDA's global network of agricultural attaches and counselors, official statistics of foreign governments, other foreign source materials, and results of office analysis. Estimates of U.S. acreage, yield, and production are from the USDA's Agricultural Statistics Board, except where noted. This report is based on unrounded data; numbers may not add to totals because of rounding. This report reflects official USDA estimates released in the World Agricultural Supply and Demand Estimates(WASDE-321), December 12, 1996.

This report was prepared by the Oilseeds and Products Division, FAS. Room 5630. 14th and Independence Ave. Washington DC 20250. Further information may be obtained by writing to the division, by calling (202) 720-7037, or by FAX (202) 720-7670.

The next issue of the Oilseeds and Products circular will be available electronically after 3:30 PM EDT (local Time) on January 13, 1997.

SUMMARY

U.S. oilseed production for 1996/97 is forecast at 75.2 million tons, essentially unchanged from last month but up 9 percent from last year. A small gain is indicated for cottonseed production this month.

The major changes to U.S. 1996/97 trade forecasts this month include an 816,000-ton increase in soybean exports to 24.5 million tons and a 50,000-ton increase in sunflowerseed oil exports to 320,000 tons. Upward revisions in China's soybean and soybean meal imports and higher soybean imports forecast for the EU, Mexico, and Thailand are helping U.S. exports make a strong start in 1996/97. Sunflowerseed oil exports are being helped by unexpected U.S. sales to India. Another notable change this month is a reduction in the U.S. soybean oil extraction rate to 11.1 pounds per bushel resulting in lower production and ending stocks forecast for 1996/97. Forecast soybean oil ending stocks remain high at 971,000 tons, second only to the 1.016 million tons in 1991/92. In contrast, foreign vegetable oil inventories are forecast to decline in 1996/97 to 5.2 million tons, well below the record high level of 6.2 million tons set in 1989/90.

The 1996/97 U.S. soybean stocks forecast was reduced 819,000 tons this month to 4.9 million tons. Season-average soybean prices are forecast higher this month at $6.30 to $7.00 per bushel. Soybean meal prices are forecast higher at $215 to $235 per short ton. Soybean oil prices are raised slightly this month to 22.0 to 24.0 cents per pound.

Global oilseed production in 1996/97 is forecast at 255.3 million tons, down 2.0 million tons from last month and down 439,000 tons from last year. A downward revision for soybeans of 1.2 million tons and reduced forecasts for peanuts in China and sunflowerseed in Russia account for most of the change. China's soybean production forecast is reduced 800,000 tons this month to 12.5 million tons, based on official data. India's soybean crop is lowered 200,000 tons to 4.0 million tons.

    

    
                                     TABLE 1.
                   MAJOR OILSEEDS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     NOV.     DEC.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
      PRODUCTION
       SOYBEAN             117.34  117.75  137.78  124.39   133.73   132.58
       COTTONSEED           31.59   29.48   32.88   35.28    33.44    33.29
       PEANUT               23.08   24.00   26.28   25.93    26.41    26.11
       SUNFLOWERSEED        21.28   20.74   23.37   25.78    23.83    23.46
       RAPESEED             25.31   26.71   30.29   34.58    29.78    29.70
       COPRA                 4.92    4.97    5.47    5.01     5.14     5.14
       PALM KERNEL           4.00    4.25    4.54    4.77     5.01     5.01
    
          TOTAL            227.52  227.89  260.61  255.72   257.33   255.29
    
    
      EXPORTS
       SOYBEAN              29.81   28.16   32.13   31.75    32.67    33.94
       COTTONSEED            0.91    0.91    1.03    0.92     0.87     0.81
       PEANUT                1.34    1.43    1.53    1.57     1.47     1.47
       SUNFLOWERSEED         1.87    2.57    3.19    3.56     3.27     3.08
       RAPESEED              4.02    5.28    5.86    5.44     4.81     4.76
       COPRA                 0.23    0.24    0.21    0.20     0.21     0.21
       PALM KERNEL           0.06    0.07    0.06    0.06     0.06     0.06
    
          TOTAL             38.23   38.65   44.01   43.50    43.36    44.33
    
    
      IMPORTS
       SOYBEAN              30.42   28.37   32.79   32.47    32.43    33.77
       COTTONSEED            0.91    0.89    1.02    0.90     0.83     0.79
       PEANUT                1.32    1.44    1.52    1.50     1.52     1.52
       SUNFLOWERSEED         1.97    2.51    3.14    3.48     3.18     3.01
       RAPESEED              4.01    5.20    5.91    5.33     4.82     4.81
       COPRA                 0.25    0.26    0.24    0.23     0.25     0.25
       PALM KERNEL           0.08    0.04    0.05    0.05     0.05     0.05
    
          TOTAL             38.96   38.69   44.66   43.96    43.08    44.20
    
    
      CRUSH
       SOYBEAN              96.75  102.06  109.92  112.06   113.04   113.28
       COTTONSEED           24.96   22.98   25.20   27.60    25.73    25.51
       PEANUT               12.53   12.83   14.41   14.09    14.56    14.36
       SUNFLOWERSEED        18.63   17.95   20.55   22.38    21.94    21.54
       RAPESEED             22.78   24.32   27.15   30.21    28.16    27.90
       COPRA                 4.90    4.95    5.50    5.01     5.15     5.15
       PALM KERNEL           3.90    4.26    4.49    4.75     4.96     4.96
    
          TOTAL            184.44  189.36  207.23  216.10   213.53   212.70
    
    
      ENDING STOCKS
       SOYBEAN              20.21   17.23   23.44   17.13    17.99    16.82
       COTTONSEED            0.46    0.53    0.68    0.77     0.74     0.79
       PEANUT                0.81    0.60    0.67    0.48     0.49     0.49
       SUNFLOWERSEED         0.60    0.76    0.92    1.73     1.10     1.10
       RAPESEED              1.14    0.80    0.97    1.98     0.88     0.88
       COPRA                 0.12    0.11    0.07    0.06     0.05     0.05
       PALM KERNEL           0.19    0.12    0.13    0.10     0.11     0.11
    
          TOTAL             23.53   20.15   26.88   22.25    21.36    20.23
    
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: DECEMBER 1996
    
    
    
    
                                     TABLE 2.
                MAJOR PROTEIN MEALS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     NOV.     DEC.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
      PRODUCTION
       SOYBEAN              76.38   81.20   87.22   88.92    89.74    89.93
       COTTONSEED           11.46   10.67   11.74   12.77    11.90    11.79
       RAPESEED             14.00   14.81   16.49   18.32    17.14    16.98
       SUNFLOWERSEED         8.55    8.33    9.45   10.00     9.89     9.74
       FISH                  5.90    6.35    7.14    6.77     6.33     6.33
       PEANUT                5.11    5.24    5.88    5.73     5.93     5.85
       COPRA                 1.64    1.68    1.88    1.71     1.78     1.78
       PALM KERNEL           2.04    2.26    2.39    2.50     2.61     2.61
    
          TOTAL            125.08  130.53  142.18  146.73   145.32   145.01
    
    
      EXPORTS
       SOYBEAN              27.55   29.95   31.15   32.57    32.65    32.55
       COTTONSEED            1.46    1.13    1.10    1.14     1.15     1.15
       RAPESEED              3.21    3.36    3.55    3.97     3.79     3.62
       SUNFLOWERSEED         1.80    2.14    2.80    2.63     2.50     2.60
       FISH                  3.47    4.15    4.66    4.36     4.02     4.02
       PEANUT                0.65    0.85    0.64    0.62     0.77     0.61
       COPRA                 1.04    1.01    1.27    1.09     1.05     1.05
       PALM KERNEL           1.81    1.90    2.05    2.11     2.18     2.18
    
          TOTAL             41.00   44.48   47.21   48.49    48.11    47.78
    
    
      IMPORTS
       SOYBEAN              27.90   29.36   31.34   32.33    32.37    32.67
       COTTONSEED            1.43    1.12    1.06    1.10     1.12     1.12
       RAPESEED              3.31    3.43    3.80    3.76     3.79     3.61
       SUNFLOWERSEED         1.83    2.14    2.69    2.57     2.43     2.53
       FISH                  3.70    4.05    4.60    4.26     3.92     3.92
       PEANUT                0.68    0.78    0.64    0.62     0.78     0.61
       COPRA                 1.04    1.01    1.16    0.97     1.01     1.01
       PALM KERNEL           1.78    1.83    1.92    2.05     2.14     2.14
    
          TOTAL             41.67   43.71   47.20   47.66    47.56    47.62
    
    
      CONSUMPTION
       SOYBEAN              76.08   80.70   86.77   88.82    89.67    90.26
       COTTONSEED           11.40   10.68   11.71   12.72    11.87    11.76
       RAPESEED             14.08   14.89   16.61   18.03    17.35    17.18
       SUNFLOWERSEED         8.57    8.36    9.21    9.84     9.82     9.67
       FISH                  5.95    6.27    6.72    6.70     6.41     6.41
       PEANUT                5.13    5.18    5.91    5.74     5.92     5.85
       COPRA                 1.65    1.63    1.82    1.65     1.72     1.72
       PALM KERNEL           2.10    2.17    2.25    2.44     2.56     2.56
    
          TOTAL            124.96  129.89  141.01  145.95   145.32   145.42
    
    
      ENDING STOCKS
       SOYBEAN               3.80    3.71    4.33    4.19     3.94     3.97
       COTTONSEED            0.17    0.15    0.15    0.16     0.15     0.16
       RAPESEED              0.48    0.48    0.62    0.69     0.49     0.49
       SUNFLOWERSEED         0.26    0.24    0.37    0.46     0.46     0.46
       FISH                  0.63    0.60    0.96    0.93     0.74     0.74
       PEANUT                0.08    0.07    0.03    0.03     0.06     0.03
       COPRA                 0.12    0.16    0.11    0.06     0.07     0.07
       PALM KERNEL           0.24    0.25    0.25    0.25     0.27     0.27
    
          TOTAL              5.77    5.65    6.82    6.76     6.18     6.19
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: DECEMBER 1996
    
    
    
                                     TABLE 3.
          MAJOR VEGETABLE AND MARINE OILS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     NOV.     DEC.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
      PRODUCTION
       SOYBEAN              17.20   18.25   19.71   20.17    20.39    20.37
       PALM                 13.01   13.69   14.75   15.64    16.37    16.37
       SUNFLOWERSEED         7.35    7.06    8.15    8.85     8.65     8.49
       RAPESEED              8.39    9.03   10.08   11.12    10.38    10.29
       COTTONSEED            3.67    3.38    3.72    4.00     3.78     3.74
       PEANUT                3.60    3.63    4.03    3.96     4.08     4.03
       COCONUT               3.10    3.09    3.44    3.17     3.25     3.25
       OLIVE                 1.78    1.73    1.67    1.46     1.80     1.80
       FISH                  1.19    1.24    1.52    1.44     1.25     1.25
       PALM KERNEL           1.74    1.88    1.99    2.10     2.19     2.19
    
          TOTAL             61.00   62.96   69.06   71.90    72.14    71.77
    
          
      EXPORTS
       SOYBEAN               4.21    4.85    6.09    5.40     5.68     5.68
       PALM  1/              8.60    9.86    9.66    9.99    10.54    10.54
       SUNFLOWERSEED         2.15    2.33    3.38    3.29     3.02     3.06
       RAPESEED              1.63    2.23    2.64    2.33     2.09     2.07
       COTTONSEED            0.50    0.50    0.59    0.53     0.54     0.51
       PEANUT                0.23    0.29    0.25    0.26     0.28     0.25
       COCONUT               1.70    1.50    1.83    1.59     1.64     1.64
       OLIVE                 0.58    0.72    0.79    0.58     0.79     0.79
       FISH                  0.71    0.79    1.06    1.01     0.86     0.86
       PALM KERNEL           0.92    0.93    0.84    0.85     0.81     0.81
    
          TOTAL             21.22   23.99   27.14   25.83    26.25    26.22
    
    
      IMPORTS
       SOYBEAN               3.90    4.73    6.10    5.24     5.51     5.56
       PALM  1/              8.28    9.92    9.84    9.81    10.54    10.58
       SUNFLOWERSEED         2.13    2.37    3.32    3.30     3.04     3.08
       RAPESEED              1.72    2.21    2.76    2.28     2.11     2.11
       COTTONSEED            0.45    0.46    0.54    0.51     0.51     0.52
       PEANUT                0.30    0.30    0.29    0.29     0.29     0.28
       COCONUT               1.39    1.39    1.77    1.51     1.61     1.60
       OLIVE                 0.70    0.77    0.74    0.59     0.78     0.78
       FISH                  0.62    0.77    0.94    0.90     0.85     0.85
       PALM KERNEL           0.94    0.94    0.81    0.73     0.78     0.78
    
          TOTAL             20.42   23.85   27.11   25.16    26.03    26.16
    
    
      CONSUMPTION
       SOYBEAN              17.22   18.41   19.43   19.74    20.25    20.26
       PALM                 12.39   14.21   14.84   15.21    16.38    16.42
       SUNFLOWERSEED         7.52    7.20    8.01    8.63     8.65     8.60
       RAPESEED              8.55    9.01   10.34   10.97    10.46    10.38
       COTTONSEED            3.65    3.32    3.67    3.98     3.75     3.75
       PEANUT                3.69    3.65    4.07    3.97     4.12     4.08
       COCONUT               2.82    2.92    3.42    3.18     3.22     3.21
       OLIVE                 1.87    1.87    1.84    1.64     1.78     1.78
       FISH                  1.13    1.19    1.36    1.32     1.28     1.28
       PALM KERNEL           1.77    1.95    1.94    2.00     2.16     2.16
    
          TOTAL             60.59   63.72   68.92   70.63    72.03    71.91
    
    
      ENDING STOCKS
       SOYBEAN               2.05    1.77    2.05    2.31     2.28     2.31
       PALM                  1.72    1.25    1.35    1.60     1.60     1.60
       SUNFLOWERSEED         0.81    0.71    0.80    1.03     1.04     0.94
       RAPESEED              0.42    0.43    0.30    0.41     0.34     0.34
       COTTONSEED            0.10    0.11    0.11    0.11     0.11     0.11
       PEANUT                0.06    0.04    0.04    0.05     0.03     0.03
       COCONUT               0.25    0.31    0.27    0.19     0.14     0.19
       OLIVE                 1.00    0.91    0.68    0.50     0.52     0.52
       FISH                  0.23    0.27    0.30    0.31     0.28     0.28
       PALM KERNEL           0.21    0.15    0.17    0.14     0.15     0.15
    
          TOTAL              6.85    5.95    6.06    6.65     6.48     6.46
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
      1/  PALM OIL TRADE EXCLUDES TRANSSHIPMENTS THROUGH SINGAPORE
    DATE: DECEMBER 1996
    
    
    
                                     TABLE 4
                   MAJOR OILSEEDS, PROTEIN MEALS, FATS AND OILS:
                                WORLD PRODUCTION 1/
                               (MILLION METRIC TONS)
                                                   PRELIM     NOV.     DEC.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
    WORLD OILSEEDS:
     SOYBEAN               117.34  117.75  137.78  124.39   133.73   132.58
     COTTONSEED             31.59   29.48   32.88   35.28    33.44    33.29
     PEANUT                 23.08   24.00   26.28   25.93    26.41    26.11
     SUNFLOWERSEED          21.28   20.74   23.37   25.78    23.83    23.46
     RAPESEED               25.31   26.71   30.29   34.58    29.78    29.70
     COPRA                   4.92    4.97    5.47    5.01     5.14     5.14
     PALM KERNEL             4.00    4.25    4.54    4.77     5.01     5.01
    
        TOTAL              227.52  227.89  260.61  255.72   257.33   255.29
    
    PROTEIN MEALS:
     SOYBEAN                76.38   81.20   87.22   88.92    89.74    89.93
     COTTONSEED             11.46   10.67   11.74   12.77    11.90    11.79
     PEANUT                  5.11    5.24    5.88    5.73     5.93     5.85
     SUNFLOWERSEED           8.55    8.33    9.45   10.00     9.89     9.74
     RAPESEED               14.00   14.81   16.49   18.32    17.14    16.98
     COPRA                   1.64    1.68    1.88    1.71     1.78     1.78
     PALM KERNEL             2.04    2.26    2.39    2.50     2.61     2.61
     FISH                    5.90    6.35    7.14    6.77     6.33     6.33
    
        TOTAL              125.08  130.53  142.18  146.73   145.32   145.01
    
    44% PROTEIN MEAL EQUIVALENT 2/:
     SOYBEAN                76.38   81.20   87.22   88.92    89.74    89.93
     COTTONSEED              9.29    8.64    9.51   10.35     9.64     9.55
     PEANUT                  5.74    5.89    6.61    6.44     6.66     6.57
     SUNFLOWERSEED           8.07    7.87    8.92    9.44     9.33     9.20
     RAPESEED                9.96   10.54   11.73   13.04    12.20    12.08
     COPRA                   0.74    0.76    0.85    0.77     0.80     0.80
     PALM KERNEL             0.73    0.80    0.85    0.89     0.93     0.93
     FISH                    8.53    9.17   10.32    9.78     9.15     9.15
    
        TOTAL              119.44  124.87  136.01  139.63   138.45   138.21
    
    FATS & OILS
    EDIBLE VEGETABLE:
     SOYBEAN                17.20   18.25   19.71   20.17    20.39    20.37
     COTTONSEED              3.67    3.38    3.72    4.00     3.78     3.74
     PEANUT                  3.60    3.63    4.03    3.96     4.08     4.03
     SUNFLOWERSEED           7.35    7.06    8.15    8.85     8.65     8.49
     RAPESEED                8.39    9.03   10.08   11.12    10.38    10.29
     OLIVE                   1.78    1.73    1.67    1.46     1.80     1.80
     COCONUT                 3.10    3.09    3.44    3.17     3.25     3.25
     PALM KERNEL             1.74    1.88    1.99    2.10     2.19     2.19
     PALM                   13.01   13.69   14.75   15.64    16.37    16.37
    
        TOTAL               59.82   61.72   67.54   70.46    70.89    70.52
    
    MARINE OILS:
     FISH                    1.19    1.24    1.52    1.44     1.25     1.25
    
        TOTAL                1.19    1.24    1.52    1.44     1.25     1.25
    
    ANIMAL FATS:
     BUTTER
     (FAT CONTENT) 3/        4.39    4.25    4.26    4.30     4.30     4.30
     TALLOW & GREASE         7.51    7.57    7.72    8.00     8.00     8.00
    
        TOTAL               11.91   11.82   11.98   12.29    12.29    12.29
    
    TOTAL
     (FATS & OILS)          72.91   74.78   81.04   84.19    84.43    84.07
    
    
    1/  SPLIT YEARS INCLUDE NORTH. HEMISPHERE CROPS HARVESTED IN THE
        LATE MONTHS OF THE FIRST YEAR SHOWN COMBINED WITH SOUTHERN
        HEMISPHERE AND CERTAIN NORTHERN HEMISPHERE CROPS HARVESTED 
        IN THE EARLY MONTHS OF  THE FOLLOWING YEAR. SOYBEANS,SOYBEAN
        MEAL, AND SOYBEAN OIL FOR ARGENTINA AND BRAZIL HAVE BEEN
        CONVERTED TO OCT-SEP  BASIS.  ANIMAL, MARINE AND PALM PRODUCTS
        ARE GENERALLY CALENDAR YEAR ESTIMATES FOR THE 2ND YEAR SHOWN
    2/  PROTEIN MEAL EQUIV IS CALC ON THE BASIS OF STD PROTEIN CONTENT
    3/  BUTTER PROD CONVERTED TO FAT-CONTENT BASIS USING AN 80% FACTOR
    DATE: DECEMBER 1996
    
    
    
    
                                     TABLE 5.
                                 MAJOR OILSEEDS:  1/
                      AREA AND PRODUCTION BY MAIN PRODUCERS
    
                          AVG 90/91-94/95  PRELIM 1995/96   FORCST 1996/97
    
                          AREA 2/ PROD 4/ AREA 2/ PROD 4/  AREA 2/  PROD 4/
     SOYBEAN
      UNITED STATES         23.55   57.10   24.94   59.24    25.67    65.39
      BRAZIL                10.64   21.63   10.95   23.40    12.20    26.00
      CHINA                  8.10   12.46    8.13   13.50     7.50    12.50
      ARGENTINA              5.11   11.81    5.98   12.64     6.00    13.00
      EUROPEAN UNION 5/      0.46    1.35    0.29    0.94     0.33     1.09
      PARAGUAY               0.98    1.67    1.10    2.30     1.20     2.50
      OTHER                  8.89   10.85    9.97   12.37    10.36    12.10
    
          TOTAL             57.73  116.87   61.35  124.39    63.26   132.58
 
     COTTONSEED
      CHINA                  5.90    7.87    5.42    8.44     4.80     6.86
      UNITED STATES          5.01    6.00    6.48    6.21     5.17     6.52
      FSU-12                 2.93    3.98    2.57    3.30     2.55     2.81
      INDIA                  7.60    4.22    8.65    5.30     8.50     5.25
      PAKISTAN               2.76    3.23    3.05    3.57     3.20     2.96
      BRAZIL                 1.48    0.96    1.13    0.66     0.75     0.50
      OTHER                  6.90    6.51    8.03    7.79     8.31     8.39
    
          TOTAL             32.58   32.78   35.33   35.28    33.28    33.29
    
     PEANUT
      INDIA                  8.33    7.90    7.80    7.40     8.20     8.20
      CHINA                  3.19    7.34    3.81   10.20     3.77     9.50
      UNITED STATES          0.71    1.86    0.61    1.57     0.57     1.59
      SENEGAL                0.88    0.68    0.89    0.81     0.90     0.85
      SUDAN                  0.54    0.38    0.55    0.40     0.55     0.40
      BRAZIL                 0.09    0.15    0.09    0.15     0.09     0.15
      ARGENTINA              0.16    0.35    0.20    0.35     0.20     0.36
      SOUTH AFRICA           0.13    0.14    0.14    0.20     0.14     0.20
      OTHER                  5.44    4.74    5.41    4.85     5.42     4.87
    
          TOTAL             19.48   23.53   19.49   25.93    19.83    26.11
    
     SUNFLOWERSEED
      FSU-12                 4.88    5.49    6.56    7.38     6.37     4.81
      ARGENTINA              2.45    4.17    3.20    5.60     2.70     5.00
      EASTERN EUROPE         1.54    2.33    1.93    2.72     2.10     3.16
      UNITED STATES          1.01    1.44    1.36    1.82     1.09     1.53
      CHINA                  0.77    1.38    0.81    1.27     0.80     1.36
      EUROPEAN UNION 5/      2.68    4.00    2.38    3.23     2.34     3.97
      OTHER                  4.29    3.20    4.45    3.75     4.40     3.63
    
          TOTAL             17.63   22.01   20.70   25.78    19.79    23.46
    
     RAPESEED
      CHINA                  5.74    7.30    6.91    9.78     6.56     8.80
      EUROPEAN UNION 5/      2.58    6.96    2.84    8.30     2.59     6.95
      CANADA                 3.71    4.82    5.27    6.44     3.48     5.04
      INDIA                  6.23    5.45    6.40    6.20     6.30     6.00
      EASTERN EUROPE         0.66    1.41    0.97    2.24     0.68     1.28
      OTHER                  1.33    1.22    1.74    1.63     1.66     1.64
    
          TOTAL             20.25   27.14   24.14   34.58    21.26    29.70
    
    
    TOTAL OILSEEDS         147.67  222.33  161.01  245.95   157.43   245.14
    
    1/  SPLIT YEAR INCLUDES NORTHERN HEMISPHERE CROPS HARVESTED IN
        THE FIRST YEAR SHOWN COMBINED WITH SOUTHERN HEMISPHERE AND
        CERTAIN NORTHERN HEMISPHERE CROPS HARVESTED IN THE EARLY
        MONTHS OF THE FOLLOWING YEAR.
    2/  IN MILLION HECTARES
    4/  IN MILLION METRIC TONS.
    5/  INCLUDES THE STATISTICS FROM THE FORMER GER. DEM. REP.
    DATE: DECEMBER 1996
    
    
    
                                     TABLE 6
                     SOYBEANS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     NOV.     DEC.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97 
    PRODUCTION
        UNITED STATES       59.61   50.92   68.49   59.24    65.39    65.39
        BRAZIL              22.50   24.70   25.90   23.40    26.00    26.00
        ARGENTINA           11.35   12.40   12.65   12.64    13.00    13.00
        CHINA               10.30   15.31   16.00   13.50    13.30    12.50
        EUROPEAN UNION       1.27    0.81    1.03    0.94     1.09     1.09
        PARAGUAY             1.75    1.80    2.20    2.30     2.50     2.50
        OTHER               10.55   11.81   11.51   12.37    12.45    12.10
    
          TOTAL            117.34  117.75  137.78  124.39   133.73   132.58
    
    EXPORTS
        UNITED STATES       20.94   16.03   22.81   23.17    23.68    24.49
        BRAZIL               4.06    5.43    3.57    3.20     3.50     4.00
        ARGENTINA            2.42    3.07    2.50    2.20     2.30     2.30
        PARAGUAY             1.25    1.20    1.45    1.50     1.55     1.55
        CHINA                0.30    1.10    0.39    0.22     0.25     0.20
        OTHER                0.84    1.33    1.40    1.46     1.40     1.40
    
          TOTAL             29.81   28.16   32.13   31.75    32.67    33.94
    
    IMPORTS
        EUROPEAN UNION      15.17   13.11   16.05   14.26    13.88    14.37
         GERMANY             3.31    2.79    2.96    2.85     2.90     3.00
         NETHERLANDS         4.26    4.14    4.62    4.37     4.20     4.35
         SPAIN               2.48    1.72    2.85    2.40     2.35     2.44
         ITALY               1.33    1.17    1.30    1.16     1.07     1.11
         BEL-LUX             1.31    1.22    1.37    1.21     1.17     1.21
         PORTUGAL            0.56    0.53    0.95    0.65     0.60     0.62
        OTHER W EUROPE       0.10    0.29    0.40    0.38     0.38     0.38
        EASTERN EUROPE       0.30    0.28    0.27    0.30     0.33     0.33
        FSU-12               0.23    0.10    0.06    0.07     0.06     0.06
         RUSSIA              0.17    0.07    0.04    0.05     0.04     0.04
         UKRAINE             0.06    0.03    0.02    0.02     0.02     0.02
        CHINA                0.15    0.13    0.15    0.79     1.00     1.50
        JAPAN                4.87    4.86    4.84    4.80     4.86     4.86
        KOREA, REP OF        1.13    1.16    1.38    1.40     1.40     1.40
        TAIWAN               2.51    2.50    2.60    2.55     2.50     2.50
        INDONESIA            0.53    0.71    0.62    0.70     0.60     0.70
        MEXICO               2.14    2.20    1.87    2.65     2.55     2.65
        BRAZIL               0.38    0.11    1.20    0.80     0.90     1.00
        OTHER                2.93    2.94    3.35    3.76     3.97     4.02
    
          TOTAL             30.42   28.37   32.79   32.47    32.43    33.77
    
    CRUSH
        UNITED STATES       34.81   34.72   38.24   37.28    37.83    37.83
        LATIN AMERICA       28.44   31.90   33.49   36.61    37.09    37.09
         BRAZIL             15.55   18.44   20.19   21.40    21.20    21.20
         ARGENTINA           8.49    8.77    8.69   10.10    10.40    10.40
         MEXICO              2.67    2.64    2.33    2.65     2.77     2.77
        EUROPEAN UNION      14.09   12.24   14.43   13.51    13.20    13.69
        OTHER W EUROPE       0.10    0.28    0.39    0.38     0.38     0.38
        FSU-12               0.58    0.53    0.39    0.32     0.43     0.43
        EASTERN EUROPE       0.53    0.42    0.45    0.49     0.56     0.56
        ASIA                15.85   19.56   19.66   20.39    20.37    20.09
         JAPAN               3.79    3.70    3.76    3.70     3.75     3.75
         CHINA               4.49    7.61    8.09    7.45     7.70     7.50
         TAIWAN              2.32    2.24    2.34    2.25     2.23     2.23
        OTHER                2.36    2.42    2.88    3.08     3.19     3.22
    
          TOTAL             96.75  102.06  109.92  112.06   113.04   113.28
    
    ENDING STOCKS
        UNITED STATES        7.96    5.69    9.11    4.99     5.72     4.90
        BRAZIL               6.07    5.31    6.95    5.02     5.50     5.10
        ARGENTINA            3.71    3.80    4.77    4.63     4.53     4.53
        OTHER                2.49    2.43    2.62    2.49     2.25     2.29
    
          TOTAL             20.21   17.23   23.44   17.13    17.99    16.82
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: DECEMBER 1996
    
    
    
                                     TABLE 7
                   SOYBEAN MEAL: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     NOV.     DEC.
                          1992/93 1993/94 1994/95 1995/96  1995/96  1996/97
    PRODUCTION
        UNITED STATES       27.55   27.68   30.18   29.50    30.00    30.00
        LATIN AMERICA       22.46   25.23   26.55   29.05    29.43    29.43
         BRAZIL             12.17   14.50   15.87   16.82    16.66    16.66
         ARGENTINA           6.86    7.08    7.02    8.16     8.40     8.40
         MEXICO              2.08    2.06    1.86    2.12     2.21     2.21
        EUROPEAN UNION      10.98    9.85   11.52   10.80    10.57    10.96
        OTHER W EUROPE       0.08    0.22    0.30    0.29     0.29     0.29
        EASTERN EUROPE       0.42    0.33    0.36    0.39     0.44     0.44
        FSU-12               0.47    0.43    0.48    0.25     0.34     0.34
        ASIA                12.56   15.55   15.56   16.23    16.17    15.94
         JAPAN               2.94    2.85    2.88    2.87     2.87     2.87
         CHINA               3.63    6.16    6.55    6.04     6.24     6.08
         TAIWAN              1.78    1.75    1.80    1.76     1.74     1.74
         INDIA               2.25    2.88    2.20    3.20     3.00     2.90
         OTHER               1.87    1.91    2.27    2.42     2.51     2.53
    
          TOTAL             76.38   81.20   87.22   88.92    89.74    89.93
    
    EXPORTS
        UNITED STATES        5.65    4.86    6.09    5.45     5.72     5.72
        BRAZIL               8.17   10.31   10.68   11.67    11.40    11.40
        ARGENTINA            6.54    6.76    6.73    8.00     8.20     8.20
        EUROPEAN UNION       4.04    3.85    3.67    3.57     3.44     3.44
        CHINA                0.40    1.05    1.28    0.10     0.10     0.10
        INDIA                2.01    2.20    1.58    2.50     2.30     2.20
        OTHER                0.74    0.92    1.13    1.29     1.50     1.50
    
          TOTAL             27.55   29.95   31.15   32.57    32.65    32.55
    
    IMPORTS
        EUROPEAN UNION      15.49   16.47   16.80   16.32    16.12    16.12
         FRANCE              3.50    3.80    3.79    3.50     3.40     3.40
         GERMANY             2.22    2.12    1.99    1.90     1.75     1.75
         NETHERLANDS         1.40    1.37    1.78    1.70     1.70     1.70
         ITALY               1.62    1.75    1.90    1.90     1.90     1.90
        OTHER W EUROPE       0.09    0.06    0.05    0.06     0.05     0.05
        EASTERN EUROPE       1.57    1.61    2.00    1.92     1.88     1.88
        FSU-12               1.45    0.57    0.52    0.35     0.35     0.35
         RUSSIA              1.10    0.20    0.21    0.10     0.10     0.10
         UKRAINE             0.30    0.25    0.23    0.25     0.25     0.25
        ASIA & OCEANIA       4.16    4.58    5.29    6.51     7.13     7.45
        MID-EAST/N AFR       2.19    2.70    3.04    3.31     3.16     3.16
        LATIN AMERICA        1.96    2.28    2.38    2.57     2.58     2.55
        OTHER                1.01    1.10    1.26    1.29     1.11     1.11
    
          TOTAL             27.90   29.36   31.34   32.33    32.37    32.67
    
    CONSUMPTION
        UNITED STATES       22.00   22.94   24.08   24.11    24.36    24.36
        LATIN AMERICA        8.84    9.58   10.52   11.12    11.40    11.38
         BRAZIL              3.92    4.19    5.10    5.20     5.35     5.35
         ARGENTINA           0.14    0.17    0.22    0.25     0.25     0.25
         MEXICO              2.48    2.41    2.22    2.42     2.51     2.49
        EUROPEAN UNION      22.24   22.68   24.46   23.56    23.23    23.62
         FRANCE              3.81    4.03    4.30    4.00     3.87     3.89
         GERMANY             3.49    3.37    3.37    3.27     3.14     3.22
         NETHERLANDS         2.51    2.52    3.11    2.94     2.97     3.08
         ITALY               3.15    3.16    3.24    3.20     3.24     3.27
         SPAIN               3.32    3.30    3.53    3.25     3.30     3.37
        OTHER W EUROPE       0.17    0.15    0.17    0.17     0.17     0.17
        FSU-12               1.91    1.00    0.99    0.59     0.69     0.69
        EASTERN EUROPE       1.98    1.93    2.30    2.26     2.25     2.25
         POLAND              0.54    0.55    0.71    0.60     0.64     0.64
        ASIA & OCEANIA      14.13   16.92   17.88   20.18    21.00    21.19
         JAPAN               3.79    3.73    3.70    3.55     3.60     3.60
         CHINA               3.27    5.11    5.33    6.87     7.74     7.78
         TAIWAN              1.94    1.88    1.86    1.81     1.78     1.78
         KOREA, REP OF       1.45    1.49    1.77    1.84     1.84     1.84
        MID-EAST/N AFR       2.83    3.40    3.99    4.30     4.15     4.15
        OTHER                1.98    2.11    2.39    2.52     2.42     2.44
    
          TOTAL             76.08   80.70   86.77   88.82    89.67    90.26
    
    ENDING STOCKS
        UNITED STATES        0.19    0.14    0.20    0.21     0.20     0.20
        BRAZIL               0.60    0.61    0.69    0.64     0.52     0.55
        ARGENTINA            0.55    0.70    0.77    0.68     0.64     0.64
        OTHER                2.46    2.27    2.67    2.66     2.58     2.58
    
          TOTAL              3.80    3.71    4.33    4.19     3.94     3.97
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: DECEMBER 1996
    
    
    
                                     TABLE 8
                   SOYBEAN OIL: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     NOV.     DEC.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
    PRODUCTION
        UNITED STATES        6.25    6.33    7.08    6.91     7.06     7.00
        LATIN AMERICA        5.12    5.81    6.10    6.68     6.76     6.76
         BRAZIL              2.91    3.47    3.80    4.02     3.99     3.99
         ARGENTINA           1.44    1.52    1.50    1.75     1.80     1.80
         MEXICO              0.45    0.45    0.40    0.45     0.47     0.47
        EUROPEAN UNION       2.54    2.24    2.58    2.42     2.45     2.45
        OTHER W EUROPE       0.02    0.05    0.07    0.07     0.07     0.07
        FSU-12               0.08    0.08    0.05    0.04     0.06     0.06
        EASTERN EUROPE       0.09    0.07    0.08    0.08     0.10     0.10
        ASIA                 2.70    3.26    3.25    3.43     3.38     3.38
         JAPAN               0.69    0.66    0.67    0.67     0.67     0.67
         CHINA               0.67    1.14    1.21    1.15     1.15     1.15
         TAIWAN              0.42    0.39    0.40    0.40     0.39     0.39
         OTHER               0.39    0.42    0.50    0.53     0.56     0.56
    
          TOTAL             17.20   18.25   19.71   20.17    20.39    20.37
    
    EXPORTS
        UNITED STATES        0.64    0.69    1.22    0.45     0.79     0.79
        BRAZIL               0.69    1.35    1.55    1.60     1.50     1.50
        ARGENTINA            1.45    1.45    1.50    1.65     1.70     1.70
        EUROPEAN UNION       1.06    0.91    1.30    1.13     1.13     1.13
        OTHER                0.37    0.46    0.52    0.57     0.56     0.56
    
          TOTAL              4.21    4.85    6.09    5.40     5.68     5.68
    
    IMPORTS
        UNITED STATES        0.01    0.03    0.01    0.04     0.04     0.04
        EUROPEAN UNION       0.53    0.50    0.63    0.63     0.61     0.61
        FSU-12               0.07    0.08    0.05    0.05     0.08     0.08
        EASTERN EUROPE       0.11    0.13    0.11    0.11     0.11     0.11
        CHINA                0.10    0.64    1.70    1.45     1.50     1.50
        INDIA                0.04    0.04    0.06    0.06     0.06     0.11
        PAKISTAN             0.25    0.17    0.17    0.15     0.16     0.16
        MID-EAST/N AFR       1.17    1.39    1.34    1.02     1.14     1.14
          IRAN               0.43    0.49    0.50    0.34     0.38     0.38
          MOROCCO            0.17    0.18    0.15    0.12     0.13     0.13
          TURKEY             0.21    0.17    0.14    0.14     0.15     0.15
          TUNISIA            0.12    0.11    0.14    0.09     0.10     0.10
        LATIN AMERICA        0.78    0.93    0.99    0.81     0.84     0.84
          BRAZIL             0.14    0.24    0.18    0.10     0.10     0.10
          MEXICO             0.07    0.08    0.07    0.05     0.06     0.06
          CHILE              0.07    0.09    0.11    0.11     0.11     0.11
          PERU               0.10    0.11    0.14    0.13     0.14     0.14
          COLOMBIA           0.08    0.09    0.11    0.10     0.11     0.11
        OTHER                0.83    0.83    1.05    0.93     0.97     0.97
    
          TOTAL              3.90    4.73    6.10    5.24     5.51     5.56
    
    CONSUMPTION
        UNITED STATES        5.92    5.87    5.86    6.11     6.19     6.19
        LATIN AMERICA        3.62    3.73    3.97    3.99     4.13     4.13
          BRAZIL             2.28    2.32    2.47    2.53     2.60     2.60
          ARGENTINA          0.07    0.07    0.08    0.08     0.08     0.08
          MEXICO             0.53    0.52    0.45    0.49     0.51     0.51
        EUROPEAN UNION       2.00    1.85    1.91    1.93     1.89     1.98
        OTHER W EUROPE       0.07    0.06    0.07    0.07     0.07     0.07
        FSU-12               0.15    0.16    0.09    0.10     0.14     0.14
        EASTERN EUROPE       0.22    0.20    0.19    0.19     0.21     0.21
        ASIA                 3.42    4.49    5.22    5.51     5.64     5.56
         JAPAN               0.69    0.67    0.68    0.67     0.68     0.68
         CHINA               0.77    1.76    2.53    2.61     2.74     2.62
         TAIWAN              0.38    0.39    0.39    0.40     0.40     0.40
         KOREA, REP OF       0.19    0.22    0.24    0.25     0.25     0.25
         INDIA               0.56    0.71    0.56    0.76     0.74     0.76
         PAKISTAN            0.28    0.18    0.17    0.16     0.17     0.17
         BANGLADESH          0.31    0.32    0.39    0.36     0.37     0.37
        MID-EAST/N AFR       1.30    1.55    1.53    1.26     1.36     1.36
         IRAN                0.45    0.52    0.52    0.36     0.40     0.40
         MOROCCO             0.18    0.18    0.16    0.13     0.14     0.14
         TURKEY              0.22    0.18    0.19    0.18     0.19     0.19
        OTHER                0.51    0.50    0.59    0.58     0.61     0.62
    
          TOTAL             17.22   18.41   19.43   19.74    20.25    20.26
    
    ENDING STOCKS
        UNITED STATES        0.71    0.50    0.52    0.91     1.02     0.97
        BRAZIL               0.32    0.35    0.31    0.30     0.31     0.29
        ARGENTINA            0.21    0.21    0.13    0.15     0.16     0.16
        OTHER                0.82    0.71    1.10    0.95     0.78     0.89
    
          TOTAL              2.05    1.77    2.05    2.31     2.28     2.31
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: DECEMBER 1996
    
    
    
                                     TABLE 9
                        SOYBEANS AND PRODUCTS: WORLD TRADE
                              (1000 METRIC TONS)
    
    LOCAL MKTG YEARS
                              SOYBEANS      SOYBEAN MEAL     SOYBEAN OIL
                          1995/96 1996/97 1995/96 1996/97  1995/96  1996/97
    EXPORTERS
      UNITED STATES 1/     23,165  24,494   5,445   5,715      450      794
      BRAZIL                3,203   4,000  11,673  11,400    1,600    1,500
      ARGENTINA             2,200   2,300   8,000   8,200    1,650    1,700
      EUROPEAN UNION          346     307   3,565   3,435    1,133    1,129
        SPAIN                   0       0      40      40      150      180
        PORTUGAL                4       4      25      20       55       54
      PARAGUAY              1,500   1,550     508     587      124      135
      OTHER                 1,338   1,289   3,380   3,211      447      421
    
        WORLD TOTAL        31,752  33,940  32,571  32,548    5,404    5,679
    
    SELECTED IMPORTERS
      EUROPEAN UNION       14,264  14,370  16,323  16,115      633      614
        GERMANY             2,850   3,000   1,900   1,750      150      160
        NETHERLANDS         4,370   4,350   1,700   1,700       29       28
        SPAIN               2,400   2,435   1,717   1,850        5        8
        ITALY               1,160   1,110   1,900   1,900       20       15
        BEL-LUX             1,213   1,212   1,050   1,000       62       60
        PORTUGAL              650     620     160     190        6        7
        FRANCE                570     625   3,500   3,400       65       70
        U.K.                  639     615   1,650   1,700      165      132
        DENMARK                70      73   1,568   1,460       40       40
      OTHER W EUROPE          380     375      63      48        7        7
      FSU-12                   70      60     350     350       50       80
       RUSSIA                  50      40     100     100       25       39
       UKRAINE                 20      20     250     250       25       38
      EASTERN EUROPE          302     332   1,915   1,880      111      114
        POLAND                 10      60     580     600       80       82
        HUNGARY                10      10     470     450        0        0
      ASIA                 11,642  12,500   6,154   7,095    2,257    2,414
        JAPAN               4,800   4,860     700     750       10        7
        TAIWAN              2,550   2,500      50      40       10       10
        KOREA, REP OF       1,400   1,400   1,000     900       35       35
        INDONESIA             700     700     950   1,000        9       10
        PHILIPPINES           130     140     900     900       16       18
        INDIA                   0       0       0       0       60      110
        PAKISTAN               25      25      70      70      150      160
      MID-EAST/N AFR        1,005   1,068   3,308   3,164    1,015    1,138
        ISRAEL                525     525      38      38       25       25
        IRAN                    0       0     560     540      340      380
        EGYPT                  88     110     575     520      105      125
        IRAQ                    0       0      60      60        3        3
        MOROCCO                60      60       0       0      115      125
        TUNISIA                 0       0     190     190       90      100
        ALGERIA                 0       0     370     350      110      120
        TURKEY                180     220     275     250      135      150
      LATIN AMERICA         4,814   4,532   2,568   2,550      855      866
        MEXICO              2,653   2,650     300     275       50       60
        VENEZUELA             285     295     530     500      100      100
      CANADA                   70     100     800     650       40       10
      OTHER                   426     431     845     814      321      351
    
        WORLD TOTAL        32,473  33,768  32,326  32,666    5,239    5,564

    DATE: DECEMBER 1996
    
    
    
                                     TABLE 10
                 VEGETABLE OIL PRODUCTION, CONSUMPTION AND IMPORTS
                     FOR SELECTED COUNTRIES, 1,000 METRIC TONS
    
                          IMPORT                            PRELIM   FORCST
                        MARKETING 1992/93 1993/94 1994/95  1995/96  1996/97
                           YEAR
    INDIA
    TOTAL PROD              MY      5,209   5,278   5,430    5,701    5,790
    TOTAL CONSUM            MY      5,308   5,582   6,150    6,830    7,014
    TOTAL IMPORTS           MY         89     264     720    1,149    1,224
      PALM OIL          (OCT-SEP)      30     200     520      900      900
      SOYBEAN OIL       (OCT-SEP)      42      41      60       60      110
      RAPESEED OIL      (OCT-SEP)      11      15      20       40       40
    FSU-12
    TOTAL PROD              MY      2,462   2,189   1,920    2,614    2,263
    TOTAL CONSUM            MY      2,798   2,488   2,262    2,717    2,576
    TOTAL IMPORTS           MY        730     720     752      831      755
      PALM OIL          (OCT-SEP)     100      83     122      133      133
      SUNFLOWERSEED OIL (SEP-AUG)     220     248     316      380      304
      SOYBEAN OIL       (OCT-SEP)      68      80      46       50       80
    PAKISTAN
    TOTAL PROD              MY        404     324     343      435      378
    TOTAL CONSUM            MY      1,591   1,607   1,706    1,740    1,770
    TOTAL IMPORTS           MY      1,141   1,236   1,381    1,304    1,389
      PALM OIL          (OCT-SEP)     884   1,060   1,210    1,150    1,225
      SOYBEAN OIL       (OCT-SEP)     253     172     167      150      160
    EGYPT
    TOTAL PROD              MY        100     123     101       94      123
    TOTAL CONSUM            MY        726     939   1,000      895      914
    TOTAL IMPORTS           MY        626     816     899      801      791
      SUNSEED OIL       (OCT-SEP)     200     180     280      200      180
      COTTONSEED OIL    (OCT-SEP)      60      82      90       90       80
      PALM OIL          (OCT-SEP)     325     420     370      390      390
      SOYBEAN OIL       (OCT-SEP)      25     117     127      105      125
    IRAN
    TOTAL PROD              MY         32      38      51       54       49
    TOTAL CONSUM            MY        579     697   1,122      900      950
    TOTAL IMPORTS           MY        547     659   1,071      846      901
      PALM OIL          (OCT-SEP)      48     113      70       75       90
      SOYBEAN OIL       (OCT-SEP)     433     494     500      340      380
      SUNSEED OIL       (OCT-SEP)      65      51     500      430      430
    ALGERIA
    TOTAL PROD              MY         14      14      14       14       14
    TOTAL CONSUM            MY        404     468     522      500      522
    TOTAL IMPORTS           MY        390     454     508      486      508
      SUNSEED OIL       (JAN-DEC)     115      90     170      170      170
      RAPESEED OIL      (JAN-DEC)      68      40      50       60       62
    MOROCCO
    TOTAL PROD              MY         93      75     112       89       82
    TOTAL CONSUM            MY        328     307     340      280      283
    TOTAL IMPORTS           MY        237     238     233      196      206
      SOYBEAN OIL       (OCT-SEP)     169     178     147      115      125
      RAPESEED OIL      (OCT-SEP)      60      51      77       72       72
    NIGERIA
    TOTAL PROD              MY        835     774     785      768      757
    TOTAL CONSUM            MY        965     912     943      974      933
    TOTAL IMPORTS           MY        120     128     158      186      176
      PALM OIL          (OCT-SEP)     100     100     130      160      170
      RAPESEED OIL      (OCT-SEP)      10      20      20       20        0
    VENEZUELA
    TOTAL PROD              MY        101     141     161      180      180
    TOTAL CONSUM            MY        376     433     505      438      428
    TOTAL IMPORTS           MY        270     292     336      257      247
      SUNSEED OIL       (OCT-SEP)     130     145     145      145      135
      SOYBEAN OIL       (OCT-SEP)     125     138     175      100      100
      COTTONSEED OIL    (OCT-SEP)       4       2       3        1        1
    CHINA
    TOTAL PROD              MY      4,813   5,264   5,964    6,653    6,119
    TOTAL CONSUM            MY      5,748   7,287   9,521    9,158    9,283
    TOTAL IMPORTS           MY      1,115   2,487   4,431    2,811    3,507
      PALM OIL          (OCT-SEP)     800   1,420   1,667    1,006    1,600
      SOYBEAN OIL       (OCT-SEP)     100     640   1,702    1,445    1,500
      RAPESEED OIL      (OCT-SEP)     153     360     944      303      350
    BANGLADESH
    TOTAL PROD              MY        109     112     109      113      113
    TOTAL CONSUM            MY        529     687     759      706      713
    TOTAL IMPORTS           MY        401     575     660      555      600
      SOYBEAN OIL       (OCT-SEP)     285     285     425      325      370
      PALM OIL          (OCT-SEP)      86     260     200      200      200
    
    TOTAL OF SELECTED
    IMPORTERS
    TOTAL PROD              MY     14,172  14,332  14,990   16,715   15,868
    TOTAL CONSUM            MY     19,352  21,407  24,830   25,138   25,386
    TOTAL IMPORTS           MY      5,666   7,869  11,149    9,422   10,304
      PALM OIL              MY      2,490   3,789   4,437    4,172    4,876
      SOYBEAN OIL           MY      1,600   2,342   3,499    2,800    3,070
      SUNSEED OIL           MY        730     715   1,481    1,425    1,344
      RAPESEED OIL          MY        394     571   1,144      558      537
    
    NOTE: PRODUCTION IS OIL PROCESSED FROM DOMESTIC AND/OR
          IMPORTED OILSEEDS, PLUS OIL FROM OTHER DOMESTIC
          SOURCES SUCH AS PALM OIL AND FISH OIL. ANIMAL FATS
          ARE NOT INCLUDED. CONSUMPTION DATA MAY INCLUDE
          YEAR-TO-YEAR ADJUSTMENTS IN CASES WHERE STOCK
          DATA IS NOT AVAILABLE OR  RELIABLE.
    DATE: DECEMBER 1996
    
    
    
                                     TABLE 11
                U.S.: OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION
                               LOCAL MARKETING YEARS
                                (1,000 METRIC TONS)
    
                             AREA    PROD     IMP     EXP    CRUSH      END
                               HA                                       STK
    
    MAJOR OILSEEDS
      1987/88(87)          28,557  60,815      48  22,465   36,215    9,134
      1988/89(88)          29,507  50,295     144  14,790   33,160    6,020
      1989/90(89)          29,376  59,257     195  17,525   34,853    7,194
      1990/91(90)          29,130  60,550     214  15,640   36,362    9,959
      1991/92(91)          30,686  64,316     174  19,419   39,250    8,742
      1992/93(92)          29,624  68,442     116  21,714   39,460    8,972
      1993/94(93)          30,149  59,497     551  16,560   39,218    6,678
      1994/95(94)          32,203  79,721     497  23,808   43,994   10,273
      1995/96(95)          33,567  69,095     464  23,929   42,562    6,021
      1996/97(96)          32,653  75,240     417  25,168   42,938    5,850
    
    MAJOR PROTEIN MEALS
      1987/88(87)           -      27,845     332   6,347     -         192
      1988/89(88)           -      24,993     389   5,016     -         249
      1989/90(89)           -      27,138     403   4,923     -         349
      1990/91(90)           -      27,948     477   5,124     -         358
      1991/92(91)           -      29,666     702   6,572     -         263
      1992/93(92)           -      29,886     981   5,927     -         223
      1993/94(93)           -      30,154   1,024   5,133     -         200
      1994/95(94)           -      33,199   1,047   6,379     -         262
      1995/96(95)           -      32,269   1,237   5,702     -         267
      1996/97(96)           -      32,690   1,278   5,944     -         263
    
    MAJOR VEGETABLE AND MARINE OILS
      1987/88(87)           -       6,996   1,196   1,460     -       1,334
      1988/89(88)           -       6,367   1,033   1,278     -       1,035
      1989/90(89)           -       6,862   1,071   1,072     -         858
      1990/91(90)           -       7,083   1,111     789     -       1,098
      1991/92(91)           -       7,777   1,139   1,266     -       1,280
      1992/93(92)           -       7,342   1,338   1,112     -         990
      1993/94(93)           -       7,472   1,355   1,162     -         774
      1994/95(94)           -       8,576   1,304   2,018     -         739
      1995/96(95)           -       8,233   1,289   1,047     -       1,198
      1996/97(96)           -       8,243   1,401   1,406     -       1,234
    
    NOTE: MAJOR OILSEEDS INCLUDE COTTON, PEANUTS, RAPESEED, SOYBEAN
          AND SUNFLOWERSEED. MAJOR MEALS INCLUDE COPRA, COTTON, FISH
          PEANUT, RAPESEED, SOYBEAN, AND SUNFLOWERSEED. MAJOR
          VEGETABLE AND FISH OILS INCLUDE COCONUT, COTTONSEED, FISH,
          OLIVE, PALM, PALM KERNEL, PEANUT, RAPESEED, SOYBEAN, AND
          SUNFLOWERSEED
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: DECEMBER 1996
    
    
    
    
    
                                     TABLE 12
                 U.S.: SOYBEANS AND PRODUCTS SUPPLY AND DISTRIBUTION
                               LOCAL MARKETING YEARS
                                (1,000 METRIC TONS)
    
                             AREA    PROD     IMP     EXP    CRUSH      END
                               HA                                       STK
    
    SOYBEAN (SEP-AUG)
      1987/88(87)          23,137  52,736      34  21,870   31,957    8,232
      1988/89(88)          23,218  42,152      98  14,355   28,794    4,954
      1989/90(89)          24,094  52,354      68  16,933   31,189    6,508
      1990/91(90)          22,870  52,416      95  15,161   32,305    8,955
      1991/92(91)          23,477  54,065      94  18,614   34,128    7,578
      1992/93(92)          23,566  59,612      56  20,944   34,808    7,955
      1993/94(93)          23,208  50,919     175  16,032   34,716    5,691
      1994/95(94)          24,629  68,493     136  22,810   38,242    9,112
      1995/96(95)          24,938  59,243     121  23,165   37,282    4,985
      1996/97(96)          25,673  65,388     121  24,494   37,830    4,896
    
    
    
    SOYBEAN MEAL (OCT-SEP)
      1987/88(87)           -      25,455       0   6,191     -         139
      1988/89(88)           -      22,628      16   4,937     -         157
      1989/90(89)           -      25,146      33   4,825     -         289
      1990/91(90)           -      25,696      41   4,962     -         259
      1991/92(91)           -      27,062      61   6,301     -         209
      1992/93(92)           -      27,546      84   5,653     -         185
      1993/94(93)           -      27,682      63   4,859     -         136
      1994/95(94)           -      30,182      58   6,094     -         203
      1995/96(95)           -      29,495      68   5,445     -         208
      1996/97(96)           -      29,997      73   5,715     -         204
    
    
    
    SOYBEAN OIL (OCT-SEP)
      1987/88(87)           -       5,885      88     850     -         949
      1988/89(88)           -       5,324      62     754     -         778
      1989/90(89)           -       5,898      10     614     -         592
      1990/91(90)           -       6,082       8     354     -         810
      1991/92(91)           -       6,507       0     747     -       1,016
      1992/93(92)           -       6,250       5     644     -         705
      1993/94(93)           -       6,328      31     694     -         500
      1994/95(94)           -       7,082       8   1,216     -         516
      1995/96(95)           -       6,911      43     450     -         914
      1996/97(96)           -       6,999      43     794     -         971
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: DECEMBER 1996
    
    
    
                                     TABLE 13
                BRAZIL: SOYBEANS AND PRODUCTS SUPPLY AND DISTRIBUTION
                               LOCAL MARKETING YEARS
                                (1,000 METRIC TONS)
    
                             AREA    PROD     IMP     EXP    CRUSH      END
                               HA                                       STK
    
    SOYBEANS (FEB-JAN)
      1988/89(87)          10,550  18,020      62   3,020   13,676      299
      1989/90(88)          12,150  23,600      63   5,080   16,189    1,325
      1990/91(89)          11,550  20,340       0   4,220   15,435      800
      1991/92(90)           9,750  15,750     350   1,645   13,057      998
      1992/93(91)           9,700  19,300     430   3,826   14,721      831
      1993/94(92)          10,625  22,500       0   4,184   16,765      832
      1994/95(93)          11,440  24,700     900   5,395   18,736      651
      1995/96(94)          11,680  25,900     900   3,492   21,599      660
      1996/97(95)          10,950  23,400   1,300   3,400   19,800      635
      1997/98(96)          12,200  26,000   1,000   4,000   21,200      710
    
    
    
    SOYBEAN MEAL (FEB-JAN)
      1988/89(87)           -      10,710       0   8,477     -         298
      1989/90(88)           -      12,625       0   9,577     -         437
      1990/91(89)           -      12,082       0   8,994     -         686
      1991/92(90)           -      10,250       0   7,414     -         397
      1992/93(91)           -      11,556       0   8,136     -         467
      1993/94(92)           -      13,177       0   9,301     -         543
      1994/95(93)           -      14,726       0  10,419     -         650
      1995/96(94)           -      16,977       0  11,646     -         881
      1996/97(95)           -      15,563       0  10,700     -         444
      1997/98(96)           -      16,663       0  11,150     -         457
    
    
    
    SOYBEAN OIL (FEB-JAN)
      1988/89(87)           -       2,576      61     661     -         134
      1989/90(88)           -       3,050      15     864     -         115
      1990/91(89)           -       2,908      12     887     -         137
      1991/92(90)           -       2,450      45     410     -         149
      1992/93(91)           -       2,760      80     710     -         123
      1993/94(92)           -       3,154     120     771     -         284
      1994/95(93)           -       3,522     310   1,556     -         160
      1995/96(94)           -       4,061     162   1,747     -         187
      1996/97(95)           -       3,722     150   1,400     -         184
      1997/98(96)           -       3,986     130   1,560     -         190
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: DECEMBER 1996
    
    
    
                                     TABLE 14
             ARGENTINA: SOYBEANS AND PRODUCTS SUPPLY AND DISTRIBUTION
                               LOCAL MARKETING YEARS
                                (1,000 METRIC TONS)
    
                             AREA    PROD     IMP     EXP    CRUSH      END
                               HA                                       STK
    
    SOYBEANS (APR-MAR)
      1988/89(87)           4,260   9,700       0   2,100    6,969      752
      1989/90(88)           4,000   6,500       0     516    5,413      803
      1990/91(89)           4,950  10,750       0   3,511    6,566    1,035
      1991/92(90)           4,750  11,500       0   4,127    7,400      578
      1992/93(91)           4,800  11,150       0   3,050    7,962      298
      1993/94(92)           4,900  11,350       0   2,273    8,687      264
      1994/95(93)           5,400  12,400       0   2,957    8,779      457
      1995/96(94)           5,700  12,650       0   2,608    9,369      660
      1996/97(95)           5,980  12,640       0   2,650    9,850      344
      1997/98(96)           6,000  13,000       0   2,500   10,000      369
    
    
    
    SOYBEAN MEAL (APR-MAR)
      1988/89(87)           -       5,582       0   5,350     -         194
      1989/90(88)           -       4,368       0   4,350     -         164
      1990/91(89)           -       5,324       0   4,860     -         528
      1991/92(90)           -       6,008       0   6,294     -         142
      1992/93(91)           -       6,449       0   6,330     -         121
      1993/94(92)           -       7,019       0   6,835     -         125
      1994/95(93)           -       7,093       0   6,881     -         137
      1995/96(94)           -       7,570       0   7,164     -         293
      1996/97(95)           -       7,959       0   7,760     -         232
      1997/98(96)           -       8,080       0   7,788     -         254
    
    
    
    SOYBEAN OIL (APR-MAR)
      1988/89(87)           -       1,199       0   1,030     -          68
      1989/90(88)           -         927       0     868     -          77
      1990/91(89)           -       1,124       0   1,006     -         120
      1991/92(90)           -       1,267       0   1,266     -          46
      1992/93(91)           -       1,359       0   1,295     -          37
      1993/94(92)           -       1,503       0   1,409     -          55
      1994/95(93)           -       1,517       0   1,442     -          52
      1995/96(94)           -       1,621       0   1,562     -          31
      1996/97(95)           -       1,694       0   1,600     -          42
      1997/98(96)           -       1,730       0   1,636     -          51
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: DECEMBER 1996
    
    
    
    
                                     TABLE 15
           ARGENTINA: SUNFLOWERSEED AND PRODUCTS SUPPLY AND DISTRIBUTION
                               LOCAL MARKETING YEARS
                                (1,000 METRIC TONS)
    
                             AREA    PROD     IMP     EXP    CRUSH      END
                               HA                                       STK
    
    SUNFLOWERSEED (MAR-FEB)
      1988/89(87)           2,058   2,800       0      52    2,549      378
      1989/90(88)           2,200   3,200       0     115    3,340       82
      1990/91(89)           2,800   3,800       0     372    3,400       70
      1991/92(90)           2,300   4,200       0     338    3,747      145
      1992/93(91)           2,800   3,800       0     300    3,500      105
      1993/94(92)           2,300   3,100       0     200    2,850      105
      1994/95(93)           2,070   3,850       0     580    3,240       85
      1995/96(94)           2,800   5,900       0     884    4,951      100
      1996/97(95)           3,200   5,600       0     800    4,700      130
      1997/98(96)           2,700   5,000       0     600    4,340      120
    
    
    
    SUNFLOWERSEED MEAL (MAR-FEB)
      1988/89(87)           -       1,110       0   1,050     -          97
      1989/90(88)           -       1,435       0   1,280     -         148
      1990/91(89)           -       1,470       0   1,403     -         148
      1991/92(90)           -       1,550       0   1,475     -         148
      1992/93(91)           -       1,520       0   1,375     -         143
      1993/94(92)           -       1,140       0   1,057     -         151
      1994/95(93)           -       1,361       0   1,300     -         137
      1995/96(94)           -       2,079       0   1,996     -         140
      1996/97(95)           -       1,974       0   1,849     -         180
      1997/98(96)           -       1,795       0   1,665     -         160
    
    
    
    SUNFLOWERSEED OIL (MAR-FEB)
      1988/89(87)           -       1,033       0     699     -          63
      1989/90(88)           -       1,365       0     925     -         137
      1990/91(89)           -       1,380       0   1,162     -         137
      1991/92(90)           -       1,380       0   1,075     -         124
      1992/93(91)           -       1,350       0   1,050     -         111
      1993/94(92)           -       1,092       0     775     -          90
      1994/95(93)           -       1,266       0     920     -          73
      1995/96(94)           -       1,934       0   1,494     -         130
      1996/97(95)           -       1,836       0   1,419     -         149
      1997/98(96)           -       1,695       0   1,300     -         114
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
           OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: DECEMBER 1996
    



                               TABLE 16
                           EUROPEAN UNION:
               OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION
                        (1,000 METRIC TONS)
    
                          1992/93 1993/94 1994/95 1995/96  1996/97
                                                   PRELIM FORECAST
    OILSEED PRODUCTION
      RAPESEED              6,555   6,594   6,985   8,297    6,945
      SUNFLOWERSEED         4,056   3,506   4,031   3,234    3,969
      SOYBEANS              1,274     807   1,032     939    1,090
      OTHER                   540     594     647     718      666
    
          TOTAL            12,425  11,501  12,695  13,188   12,670
    
    PROTEIN MEAL CONSUMPTION 1/
      SOYBEAN              22,244  22,683  24,456  23,563   23,623
      SUNFLOWERSEED         3,503   3,761   4,284   4,203    4,123
      RAPESEED              4,322   4,345   5,070   5,045    4,792
      CORN GLUTEN FEED/M    6,550   6,325   6,455   6,450    6,500
      OTHER                 4,734   4,880   4,770   4,794    4,830
    
        TOTAL 3/           34,803  35,669  38,580  37,605   37,368
        TOTAL SME 4/       36,545  37,341  40,019  39,000   38,767
    
    OIL CONSUMPTION 1/
      SOYBEAN               1,997   1,848   1,908   1,931    1,984
      OLIVE                 1,344   1,345   1,325   1,168    1,286
      SUNFLOWERSEED         1,803   1,746   1,818   1,837    1,828
      RAPESEED              1,718   1,666   2,017   2,178    2,047
      OTHER                 3,035   3,277   3,369   3,295    3,280
    
        TOTAL               9,897   9,882  10,437  10,409   10,425
    
    IMPORTS(EX.INTRA TRADE) 5/ 6/
      SOYBEANS             14,900  12,870  15,594  13,957   14,120
      SOYBEAN MEAL         13,120  13,877  14,055  13,834   13,757
      SUNFLOWERSEED           812   1,457   1,663   1,826    1,438
    
    EXPORTS(EX.INTRA TRADE) 5/ 6/
      SOYBEAN MEAL          1,091     571     715     682      664
      SOYBEAN OIL             516     368     710     598      601
      RAPESEED OIL            570     906     900     732      609
    
    
    1/ AN AGGREGATE OF DIFFERENT MARKETING YEARS
    2/ BASED ON EC IMPORT DATA ONLY
    3/ CORN GLUTEN FEED/MEAL NOT INCLUDED
    4/ 44-PERCENT SOYBEAN MEAL EQUIVALENT, INCLUDING CORN GLUTEN FEED/MEAL.
    5/ OCTOBER-SEPTEMBER YEARS
    6/ DOES NOT INCLUDE THE STATISTICS FROM THE FORMER GER DEM REP
    
    SOURCE:  COUNSELOR AND ATTACHE REPORTSFOREIGN AGRICULTURE SERVICE
             OFFICIAL STATISTICS          OILSEEDS AND PRODUCTS
             USDA ESTIMATES
    DATE: DECEMBER 1996


    
                               TABLE 17
                                RUSSIA:
              OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION
                         (1,000 METRIC TONS)
    
                          1992/93 1993/94 1994/95 1995/96  1996/97
                                                   PRELIM FORECAST
    OILSEED PRODUCTION
      RAPESEED                165      96     122     125      130
      SOYBEANS                505     497     421     290      350
      SUNFLOWERSEED         3,073   2,765   2,553   4,200    2,500
    
          TOTAL             3,743   3,358   3,096   4,615    2,980
    
    PROTEIN MEAL CONSUMPTION
      SOYBEAN               1,435     540     450     290      381
      SUNFLOWERSEED         1,106     765     635     890      741
      RAPESEED                 46      30      30      30       25
      FISH                    482     485     488     488      487
      OTHER                     5       0       0       0        0
    
        TOTAL 1/            3,074   1,820   1,603   1,698    1,634
        TOTAL SME 2/        3,214   1,984   1,776   1,857    1,802
    
    OIL CONSUMPTION
      SOYBEAN                  90     100      60      62       84
      COTTONSEED              127     108     120     100      105
      SUNFLOWERSEED           970     830     830   1,036    1,010
      RAPESEED                 72      56      30      45       15
      FISH                     61      61      61      61       61
      OTHER                   103      54      59      63       63
    
        TOTAL 1/            1,423   1,209   1,160   1,367    1,338
    
    IMPORTS 3/
      SOYBEANS                167      68      35      50       40
      SOYBEAN MEAL          1,095     200     205     100      100
      SUNFLOWERSEED OIL       105     146     205     270      200
      COTTONSEED OIL          127     108     120     100      105
    
    EXPORTS 3/
      SUNFLOWERSEED            76     450     533     950      670
      SOYBEANS                  5      17      60      50       60
      SUNFLOWERSEED OIL        10      40      10      15       20
      FISHMEAL                 43      43      43      43       43
      FISH OIL                 28      28      28      28       28
    
    
    1/ AN AGGREGATE OF DIFFERENT MARKETING YEARS
    2/ 44-PERCENT SOYBEAN MEAL EQUIVALENT
    3/ ASSORTED MARKETING YEARS
    SOURCE:  COUNSELOR AND ATTACHE REPORTSFOREIGN AGRICULTURAL SERV
             OFFICIAL STATISTICS          OILSEEDS AND PRODUCTS
             USDA ESTIMATES
    DATE: DECEMBER 1996
    
    
    
    
    
                                TABLE 18
                                  CHINA
                OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION
                           (1,000 METRIC TONS)
    
                          1992/93 1993/94 1994/95 1995/96  1996/97
                                                   PRELIM FORECAST
    OILSEED PRODUCTION
      COTTONSEED            7,660   6,658   7,704   8,440    6,860
      PEANUTS               5,953   8,420   9,682  10,200    9,500
      RAPESEED              7,653   6,940   7,492   9,777    8,800
      SOYBEANS             10,300  15,310  16,000  13,500   12,500
      SUNFLOWERSEED         1,472   1,282   1,370   1,270    1,360
    
          TOTAL            33,038  38,610  42,248  43,187   39,020
    
    PROTEIN MEAL CONSUMPTION
      SOYBEAN               3,274   5,110   5,329   6,867    7,775
      COTTONSEED            1,966   2,088   2,513   2,854    2,130
      RAPESEED              3,375   3,396   4,236   5,145    4,610
      PEANUT                1,116   1,580   2,127   2,277    2,187
      OTHER                 1,145   1,032   1,300   1,220    1,297
    
        TOTAL 1/           10,876  13,206  15,505  18,363   17,999
        TOTAL SME 2/        9,901  12,271  14,417  16,967   16,892
    
    OIL CONSUMPTION
      SOYBEAN                 770   1,763   2,527   2,611    2,617
      COTTONSEED              869     775     897     995      782
      PALM                    700   1,136   1,437     806    1,400
      RAPESEED              2,363   2,314   2,997   3,088    2,864
      PEANUT                  769   1,059   1,359   1,429    1,373
      OTHER                   277     240     304     229      247
    
        TOTAL 1/            5,748   7,287   9,521   9,158    9,283
    
    IMPORTS 3/
      SOYBEANS                150     125     149     794    1,500
      RAPESEED                  5       0     235       0        0
      FISHMEAL                424     434     668     660      625
      PALM OIL                800   1,420   1,667   1,006    1,600
      SOYBEAN OIL             100     640   1,702   1,445    1,500
      RAPESEED OIL            153     360     944     303      350
    
    EXPORTS 3/
      SOYBEANS                300   1,100     394     222      200
      PEANUTS                 300     472     474     457      400
      SOYBEAN MEAL            400   1,050   1,275     100      100
      COTTONSEED MEAL         950     525     500     490      500
      RAPESEED MEAL           898     450      86     307      300
      PALM OIL                100     284     230     200      200
      PEANUT OIL               13      66      13       6        6
      RAPESEED OIL             64      93     242     119      100
    
    
    1/ AN AGGREGATE OF DIFFERENT MARKETING YEARS
    2/ 44-PERCENT SOYBEAN MEAL EQUIVALENT
    3/ ASSORTED MARKETING YEARS
    
    SOURCE:  COUNSELOR AND ATTACHE REPORTSFOREIGN AGRICULTURAL SERV
             OFFICIAL STATISTICS          OILSEEDS AND PRODUCTS
             USDA ESTIMATES
    DATE: DECEMBER 1996
    

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Last modified: Tuesday, September 14, 2004