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OILSEEDS AND PRODUCTS: WORLD MARKETS AND TRADE

March 1997

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-324), March 11, 1997.

This report was prepared by the Cotton, Oilseeds, Tobacco and Seeds Division, FAS. Room 5632. 14th and Independence Ave. Washington DC 20250-1050. 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 April 14, 1997.

Summary

U.S. domestic use of soybean meal and oil were increased this month based on strong year-to-date disappearance. Soybean crush was raised 272,000 tons (10 million bushels) to a record 38.6 million tons (1.4 billion bushels) reflecting strong product demand. Soybean ending stocks remained unchanged as slight reductions in soybean exports and residual use balanced the increased crush forecast. While soybean exports remain strong on a year-to-date basis, net foreign demand for the remainder of this marketing year is viewed to be a little weaker than a month ago. Increased oilseed production prospects in several countries which are not fully offset by increased consumption prospects are expected to boost exportable supplies thereby reducing demand for U.S. soybeans.

Prospective U.S. soybean and product season-average prices are all higher this month as supply and use balances remain very tight, particularly for soybeans and soybean meal. Soybean prices are forecast at $6.90 to $7.30 per bushel while soybean meal prices are forecast at $235 to $255 per short ton. Soybean oil prices are forecast at 23.0 to 24.5 cents per pound.

World oilseed production is forecast at 259.1 million tons, up 1.8 million tons from last month, helped by improved crop prospects for soybeans in Brazil, Paraguay, and China and for rapeseed in India and China. Record soybean crops are forecast for Brazil, at 27.0 million tons, and Paraguay, at 2.7 million tons. Very good growing conditions in these countries are contributing to record yields. China's soybean production is estimated at 13.0 million tons, up 0.5 million tons from last month but below last year's 13.5-million-ton crop. Globally, soybean production is forecast at 134.0 million tons, up 1.2 million tons from last month and up 9.2 million tons from last year. Foreign soybean crush and imports were both increased this month, but by less than the increase in supplies, adding to ending stocks. Crush and imports were increased for Mexico, the EU, and China. China's soybean import forecast was increased to 1.9 million tons this month, up 0.2 million tons, while soybean crush was increased 0.6 million tons.




   
                                     TABLE 1.
                   MAJOR OILSEEDS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     FEB.     MAR.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
      PRODUCTION
       SOYBEAN             117.34  117.75  137.78  124.76   132.81   133.98
       COTTONSEED           31.59   29.48   32.88   35.41    33.39    33.49
       PEANUT               23.08   24.00   26.48   26.08    26.28    26.20
       SUNFLOWERSEED        21.28   20.74   23.37   25.77    24.28    24.14
       RAPESEED             25.31   26.71   30.29   34.58    30.05    30.63
       COPRA                 4.92    4.97    5.48    4.95     5.14     5.34
       PALM KERNEL           4.00    4.25    4.62    4.96     5.30     5.30
    
          TOTAL            227.52  227.89  260.90  256.50   257.25   259.08
    
    
      EXPORTS
       SOYBEAN              29.81   28.16   32.18   31.74    34.41    34.97
       COTTONSEED            0.91    0.91    1.03    0.92     0.83     0.79
       PEANUT                1.34    1.43    1.53    1.57     1.49     1.46
       SUNFLOWERSEED         1.87    2.57    3.19    3.60     3.08     2.57
       RAPESEED              4.02    5.28    5.86    5.64     5.21     5.22
       COPRA                 0.23    0.24    0.21    0.19     0.19     0.19
       PALM KERNEL           0.06    0.07    0.06    0.06     0.06     0.06
    
          TOTAL             38.23   38.65   44.07   43.72    45.26    45.26
    
    
      IMPORTS
       SOYBEAN              30.42   28.37   32.79   32.51    34.17    34.52
       COTTONSEED            0.91    0.89    1.06    0.91     0.86     0.79
       PEANUT                1.32    1.44    1.52    1.49     1.50     1.45
       SUNFLOWERSEED         1.97    2.51    3.14    3.53     3.08     2.53
       RAPESEED              4.01    5.20    5.91    5.43     5.26     5.22
       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   44.71   44.16    45.17    44.81
    
    
      CRUSH
       SOYBEAN              96.75  102.06  109.92  112.36   114.12   114.82
       COTTONSEED           24.96   22.98   25.29   28.01    25.72    25.85
       PEANUT               12.53   12.83   14.41   14.09    14.37    14.40
       SUNFLOWERSEED        18.63   17.95   20.55   22.40    22.32    21.99
       RAPESEED             22.78   24.32   27.15   30.27    28.17    28.54
       COPRA                 4.90    4.95    5.50    4.94     5.17     5.37
       PALM KERNEL           3.90    4.26    4.51    4.93     5.23     5.23
    
          TOTAL            184.44  189.36  207.34  217.00   215.11   216.21
    
    
      ENDING STOCKS
       SOYBEAN              20.26   17.38   23.63   17.33    16.09    16.44
       COTTONSEED            0.46    0.53    0.63    0.63     0.71     0.69
       PEANUT                0.81    0.60    0.74    0.55     0.52     0.48
       SUNFLOWERSEED         0.60    0.76    0.92    1.57     1.28     1.14
       RAPESEED              1.14    0.80    0.97    1.79     0.96     0.96
       COPRA                 0.12    0.11    0.08    0.10     0.08     0.08
       PALM KERNEL           0.19    0.12    0.18    0.16     0.17     0.17
    
          TOTAL             23.58   20.30   27.14   22.11    19.81    19.96
    
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: MARCH 1997
    
    
    
    
                                     TABLE 2.
                MAJOR PROTEIN MEALS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     FEB.     MAR.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
      PRODUCTION
       SOYBEAN              76.38   81.21   87.19   89.17    90.39    90.92
       COTTONSEED           11.46   10.67   11.78   12.96    11.89    11.96
       RAPESEED             14.00   14.81   16.49   18.36    17.16    17.41
       SUNFLOWERSEED         8.55    8.33    9.45   10.02    10.10    10.13
       FISH                  5.90    6.35    6.59    6.73     6.33     6.33
       PEANUT                5.11    5.24    5.88    5.73     5.86     5.87
       COPRA                 1.64    1.68    1.88    1.70     1.77     1.83
       PALM KERNEL           2.04    2.26    2.40    2.60     2.76     2.76
    
          TOTAL            125.08  130.54  141.65  147.27   146.24   147.21
    
    
      EXPORTS
       SOYBEAN              27.55   29.95   31.30   32.92    32.87    32.63
       COTTONSEED            1.46    1.13    1.10    1.16     1.15     1.15
       RAPESEED              3.21    3.36    3.55    4.06     3.58     3.56
       SUNFLOWERSEED         1.80    2.14    2.80    2.73     2.75     2.99
       FISH                  3.45    4.11    4.14    4.02     4.14     4.13
       PEANUT                0.65    0.85    0.64    0.62     0.61     0.61
       COPRA                 1.04    1.01    1.30    0.99     1.04     1.11
       PALM KERNEL           1.81    1.90    2.05    2.22     2.33     2.33
    
          TOTAL             40.98   44.44   46.88   48.72    48.46    48.49
    
    
      IMPORTS
       SOYBEAN              27.87   29.26   31.22   32.28    33.28    32.67
       COTTONSEED            1.45    1.14    1.04    1.09     1.11     1.11
       RAPESEED              3.31    3.43    3.80    3.75     3.62     3.60
       SUNFLOWERSEED         1.84    2.14    2.72    2.58     2.44     2.96
       FISH                  3.70    4.05    4.41    4.05     3.95     3.77
       PEANUT                0.68    0.78    0.64    0.62     0.61     0.61
       COPRA                 1.04    1.01    1.16    0.97     1.01     1.01
       PALM KERNEL           1.78    1.83    1.92    2.10     2.14     2.19
    
          TOTAL             41.67   43.63   46.91   47.44    48.16    47.92
    
    
      CONSUMPTION
       SOYBEAN              76.07   80.67   86.72   88.92    90.87    91.15
       COTTONSEED           11.42   10.70   11.72   12.87    11.85    11.92
       RAPESEED             14.08   14.89   16.61   17.97    17.36    17.63
       SUNFLOWERSEED         8.58    8.36    9.24    9.80     9.79    10.12
       FISH                  5.97    6.31    6.56    6.57     6.44     6.28
       PEANUT                5.13    5.18    5.91    5.74     5.86     5.88
       COPRA                 1.65    1.63    1.82    1.69     1.73     1.73
       PALM KERNEL           2.10    2.17    2.25    2.49     2.55     2.60
    
          TOTAL            125.00  129.92  140.83  146.04   146.47   147.30
    
    
      ENDING STOCKS
       SOYBEAN               3.73    3.57    3.95    3.56     4.11     3.38
       COTTONSEED            0.17    0.15    0.15    0.16     0.16     0.16
       RAPESEED              0.48    0.48    0.62    0.70     0.53     0.51
       SUNFLOWERSEED         0.26    0.24    0.37    0.44     0.46     0.43
       FISH                  0.63    0.60    0.90    1.10     0.79     0.79
       PEANUT                0.08    0.07    0.03    0.03     0.03     0.03
       COPRA                 0.12    0.16    0.07    0.07     0.08     0.08
       PALM KERNEL           0.24    0.25    0.26    0.25     0.27     0.27
    
          TOTAL              5.70    5.51    6.36    6.31     6.42     5.64
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: MARCH 1997
    
    
    
                                     TABLE 3.
          MAJOR VEGETABLE AND MARINE OILS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     FEB.     MAR.
                        1992/93   1993/94 1994/95 1995/96 1996/97  1996/97
      PRODUCTION
       SOYBEAN              17.20   18.25   19.71   20.20    20.39    20.47
       PALM                 13.01   13.69   14.80   15.69    16.59    16.60
       SUNFLOWERSEED         7.35    7.09    8.20    8.88     8.81     8.80
       RAPESEED              8.40    9.04   10.09   11.17    10.39    10.49
       COTTONSEED            3.67    3.38    3.73    4.07     3.78     3.80
       PEANUT                3.60    3.63    4.03    3.96     4.04     4.05
       COCONUT               3.10    3.09    3.43    3.07     3.21     3.33
       OLIVE                 1.80    1.76    1.77    1.61     2.00     2.00
       FISH                  1.19    1.24    1.52    1.44     1.25     1.25
       PALM KERNEL           1.74    1.88    2.00    2.17     2.31     2.31
    
          TOTAL             61.04   63.04   69.29   72.25    72.75    73.09
    
      EXPORTS
       SOYBEAN               4.21    4.85    6.08    5.35     5.72     5.89
       PALM  1/              8.60    9.86    9.66    9.87    10.59    10.59
       SUNFLOWERSEED         2.15    2.33    3.38    3.37     3.06     3.16
       RAPESEED              1.63    2.23    2.64    2.43     2.08     2.19
       COTTONSEED            0.50    0.50    0.59    0.54     0.50     0.50
       PEANUT                0.23    0.29    0.25    0.26     0.25     0.25
       COCONUT               1.70    1.50    1.83    1.56     1.53     1.66
       OLIVE                 0.57    0.75    0.74    0.63     0.74     0.74
       FISH                  0.71    0.79    1.06    1.01     0.86     0.86
       PALM KERNEL           0.92    0.93    0.84    0.89     0.92     0.92
    
          TOTAL             21.22   24.03   27.08   25.92    26.25    26.75
    
    
      IMPORTS
       SOYBEAN               3.90    4.74    6.11    5.24     5.70     5.78
       PALM  1/              8.30    9.68    9.65    9.82    10.43    10.43
       SUNFLOWERSEED         2.13    2.37    3.32    3.30     3.10     3.25
       RAPESEED              1.72    2.21    2.77    2.37     2.16     2.24
       COTTONSEED            0.45    0.46    0.54    0.51     0.52     0.52
       PEANUT                0.30    0.30    0.29    0.29     0.28     0.28
       COCONUT               1.39    1.39    1.77    1.47     1.50     1.50
       OLIVE                 0.68    0.75    0.77    0.66     0.74     0.74
       FISH                  0.62    0.77    0.94    0.90     0.86     0.86
       PALM KERNEL           0.94    0.94    0.81    0.72     0.78     0.78
    
          TOTAL             20.42   23.60   26.96   25.29    26.06    26.37
    
    
      CONSUMPTION
       SOYBEAN              17.22   18.41   19.45   19.78    20.38    20.49
       PALM                 12.41   13.97   14.72   15.38    16.43    16.44
       SUNFLOWERSEED         7.52    7.20    8.05    8.66     8.84     8.95
       RAPESEED              8.56    9.02   10.36   11.01    10.50    10.59
       COTTONSEED            3.65    3.32    3.69    4.04     3.80     3.83
       PEANUT                3.69    3.65    4.07    3.97     4.08     4.08
       COCONUT               2.82    2.92    3.37    3.05     3.15     3.15
       OLIVE                 1.89    1.88    1.88    1.80     1.90     1.90
       FISH                  1.13    1.19    1.36    1.32     1.28     1.28
       PALM KERNEL           1.77    1.95    1.95    1.99     2.15     2.15
    
          TOTAL             60.64   63.51   68.88   71.00    72.50    72.86
    
    
      ENDING STOCKS
       SOYBEAN               2.05    1.77    2.05    2.36     2.27     2.23
       PALM                  1.72    1.25    1.33    1.59     1.59     1.59
       SUNFLOWERSEED         0.81    0.74    0.83    0.98     0.98     0.92
       RAPESEED              0.42    0.43    0.30    0.39     0.37     0.35
       COTTONSEED            0.10    0.11    0.11    0.11     0.10     0.10
       PEANUT                0.06    0.04    0.04    0.05     0.04     0.05
       COCONUT               0.25    0.31    0.30    0.22     0.24     0.24
       OLIVE                 0.98    0.87    0.79    0.63     0.73     0.73
       FISH                  0.23    0.27    0.30    0.31     0.28     0.28
       PALM KERNEL           0.21    0.15    0.17    0.18     0.21     0.21
    
          TOTAL              6.83    5.93    6.22    6.83     6.80     6.69
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
      1/  PALM OIL TRADE EXCLUDES TRANSSHIPMENTS THROUGH SINGAPORE
    DATE: MARCH 1997
    
    
    
                                     TABLE 4
                   MAJOR OILSEEDS, PROTEIN MEALS, FATS AND OILS:
                                WORLD PRODUCTION 1/
                               (MILLION METRIC TONS)
                                                   PRELIM     FEB.     MAR.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
    WORLD OILSEEDS:
     SOYBEAN               117.34  117.75  137.78  124.76   132.81   133.98
     COTTONSEED             31.59   29.48   32.88   35.41    33.39    33.49
     PEANUT                 23.08   24.00   26.48   26.08    26.28    26.20
     SUNFLOWERSEED          21.28   20.74   23.37   25.77    24.28    24.14
     RAPESEED               25.31   26.71   30.29   34.58    30.05    30.63
     COPRA                   4.92    4.97    5.48    4.95     5.14     5.34
     PALM KERNEL             4.00    4.25    4.62    4.96     5.30     5.30
    
        TOTAL              227.52  227.89  260.90  256.50   257.25   259.08
    
    PROTEIN MEALS:
     SOYBEAN                76.38   81.21   87.19   89.17    90.39    90.92
     COTTONSEED             11.46   10.67   11.78   12.96    11.89    11.96
     PEANUT                  5.11    5.24    5.88    5.73     5.86     5.87
     SUNFLOWERSEED           8.55    8.33    9.45   10.02    10.10    10.13
     RAPESEED               14.00   14.81   16.49   18.36    17.16    17.41
     COPRA                   1.64    1.68    1.88    1.70     1.77     1.83
     PALM KERNEL             2.04    2.26    2.40    2.60     2.76     2.76
     FISH                    5.90    6.35    6.59    6.73     6.33     6.33
    
        TOTAL              125.08  130.54  141.65  147.27   146.24   147.21
    
    44% PROTEIN MEAL EQUIVALENT 2/:
     SOYBEAN                76.38   81.21   87.19   89.17    90.39    90.92
     COTTONSEED              9.29    8.64    9.54   10.50     9.64     9.69
     PEANUT                  5.74    5.89    6.61    6.44     6.58     6.60
     SUNFLOWERSEED           8.07    7.87    8.92    9.46     9.54     9.57
     RAPESEED                9.96   10.54   11.73   13.06    12.21    12.38
     COPRA                   0.74    0.76    0.85    0.77     0.80     0.83
     PALM KERNEL             0.73    0.80    0.85    0.93     0.98     0.98
     FISH                    8.53    9.17    9.53    9.73     9.15     9.15
    
        TOTAL              119.44  124.88  135.22  140.06   139.27   140.12
    
    FATS & OILS
    EDIBLE VEGETABLE:
     SOYBEAN                17.20   18.25   19.71   20.20    20.39    20.47
     COTTONSEED              3.67    3.38    3.73    4.07     3.78     3.80
     PEANUT                  3.60    3.63    4.03    3.96     4.04     4.05
     SUNFLOWERSEED           7.35    7.09    8.20    8.88     8.81     8.80
     RAPESEED                8.40    9.04   10.09   11.17    10.39    10.49
     OLIVE                   1.80    1.76    1.77    1.61     2.00     2.00
     COCONUT                 3.10    3.09    3.43    3.07     3.21     3.33
     PALM KERNEL             1.74    1.88    2.00    2.17     2.31     2.31
     PALM                   13.01   13.69   14.80   15.69    16.59    16.60
    
        TOTAL               59.85   61.80   67.77   70.81    71.50    71.84
    
    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)          72.94   74.86   81.27   84.54    85.04    85.38
    
    
    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: MARCH 1997
    
    
    
    
                                     TABLE 5.
                                 MAJOR OILSEEDS:  1/
                      AREA AND PRODUCTION BY MAIN PRODUCERS
    
                          AVG 90/91-94/95  PRELIM 1995/96   FORCAST 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    25.66    64.84
      BRAZIL                10.64   21.63   10.95   23.70    11.80    27.00
      CHINA                  8.10   12.46    8.13   13.50     7.50    13.00
      ARGENTINA              5.11   11.81    5.98   12.64     6.20    13.50
      EUROPEAN UNION 5/      0.46    1.35    0.29    0.94     0.31     1.07
      PARAGUAY               0.98    1.67    1.10    2.40     1.20     2.70
      OTHER                  8.89   10.85    9.95   12.33    10.36    11.88
    
          TOTAL             57.73  116.87   61.34  124.76    63.04   133.98

     COTTONSEED
      CHINA                  5.90    7.87    5.42    8.44     4.80     6.86
      UNITED STATES          5.01    6.00    6.48    6.21     5.19     6.60
      FSU-12                 2.93    3.98    2.57    3.30     2.55     2.81
      INDIA                  7.60    4.22    9.06    5.37     8.87     5.33
      PAKISTAN               2.76    3.23    3.05    3.57     3.20     3.05
      BRAZIL                 1.48    0.96    1.13    0.66     0.75     0.50
      OTHER                  6.90    6.51    8.07    7.87     8.40     8.35
    
          TOTAL             32.58   32.78   35.78   35.41    33.76    33.49
    
     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     0.56     1.65
      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     0.10     0.13
      OTHER                  5.47    4.78    5.48    5.00     5.46     4.96
    
          TOTAL             19.51   23.57   19.56   26.08    19.83    26.20
    
     SUNFLOWERSEED
      FSU-12                 4.88    5.49    6.56    7.38     6.37     5.21
      ARGENTINA              2.45    4.17    3.20    5.60     2.90     5.40
      EASTERN EUROPE         1.54    2.33    1.93    2.72     2.10     3.11
      UNITED STATES          1.01    1.44    1.36    1.82     1.01     1.63
      CHINA                  0.77    1.38    0.81    1.27     0.82     1.29
      EUROPEAN UNION 5/      2.68    4.00    2.38    3.24     2.33     3.94
      OTHER                  4.29    3.20    4.46    3.74     4.40     3.56
    
          TOTAL             17.63   22.01   20.71   25.77    19.93    24.14
    
     RAPESEED
      CHINA                  5.74    7.30    6.91    9.78     6.67     9.06
      EUROPEAN UNION 5/      2.58    6.96    2.84    8.30     2.64     7.30
      CANADA                 3.71    4.82    5.27    6.44     3.48     5.04
      INDIA                  6.23    5.45    6.40    6.20     6.40     6.30
      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     1.66
    
          TOTAL             20.25   27.14   24.13   34.58    21.52    30.63
    
    
    TOTAL OILSEEDS         147.69  222.37  161.52  246.59   158.08   248.45
    
    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: MARCH 1997
    
    
    
                                     TABLE 6
                     SOYBEANS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     FEB.     MAR.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97 
    PRODUCTION
        UNITED STATES       59.61   50.92   68.49   59.24    64.84    64.84
        BRAZIL              22.50   24.70   25.90   23.70    26.50    27.00
        ARGENTINA           11.35   12.40   12.65   12.64    13.50    13.50
        CHINA               10.30   15.31   16.00   13.50    12.50    13.00
        EUROPEAN UNION       1.27    0.81    1.03    0.94     1.07     1.07
        PARAGUAY             1.75    1.80    2.20    2.40     2.50     2.70
        OTHER               10.55   11.81   11.51   12.34    11.90    11.88
    
          TOTAL            117.34  117.75  137.78  124.76   132.81   133.98
    
    EXPORTS
        UNITED STATES       20.94   16.03   22.81   23.17    24.63    24.49
        BRAZIL               4.06    5.43    3.57    3.30     4.20     5.20
        ARGENTINA            2.42    3.07    2.56    2.00     2.50     2.00
        PARAGUAY             1.25    1.20    1.45    1.60     1.55     1.75
        CHINA                0.30    1.10    0.39    0.22     0.20     0.20
        OTHER                0.84    1.33    1.40    1.45     1.33     1.33
    
          TOTAL             29.81   28.16   32.18   31.74    34.41    34.97
    
    IMPORTS
        EUROPEAN UNION      15.17   13.11   16.05   14.22    14.50    14.70
         GERMANY             3.31    2.79    2.96    2.85     3.00     3.00
         NETHERLANDS         4.26    4.14    4.62    4.37     4.35     4.35
         SPAIN               2.48    1.72    2.85    2.34     2.44     2.64
         ITALY               1.33    1.17    1.30    1.16     1.11     1.11
         BEL-LUX             1.31    1.22    1.37    1.21     1.21     1.21
         PORTUGAL            0.56    0.53    0.95    0.65     0.62     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    0.16    0.80     1.70     1.90
        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    2.63     2.57     2.57
        INDONESIA            0.53    0.71    0.62    0.70     0.70     0.75
        MEXICO               2.14    2.20    1.87    2.65     2.65     2.75
        BRAZIL               0.38    0.11    1.20    0.80     1.00     0.80
        OTHER                2.93    2.94    3.35    3.76     4.02     4.02
    
          TOTAL             30.42   28.37   32.79   32.51    34.17    34.52
    
    CRUSH
        UNITED STATES       34.81   34.72   38.24   37.28    38.37    38.65
        LATIN AMERICA       28.44   31.90   33.49   36.83    37.29    36.92
         BRAZIL             15.55   18.44   20.19   21.55    21.30    20.50
         ARGENTINA           8.49    8.77    8.69   10.20    10.50    10.85
         MEXICO              2.67    2.64    2.33    2.65     2.77     2.87
        EUROPEAN UNION      14.09   12.24   14.43   13.49    13.65    13.85
        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     0.55
        ASIA                15.85   19.56   19.66   20.48    20.23    20.83
         JAPAN               3.79    3.70    3.76    3.70     3.75     3.75
         CHINA               4.49    7.61    8.09    7.45     7.70     8.30
         TAIWAN              2.32    2.24    2.34    2.34     2.27     2.27
        OTHER                2.36    2.42    2.88    3.10     3.21     3.21
    
          TOTAL             96.75  102.06  109.92  112.36   114.12   114.82
    
    ENDING STOCKS
        UNITED STATES        7.96    5.69    9.11    4.99     3.80     3.80
        BRAZIL               6.12    5.46    7.10    5.15     5.30     5.50
        ARGENTINA            3.70    3.80    4.77    4.73     4.73     4.88
        OTHER                2.49    2.43    2.65    2.46     2.26     2.26
    
          TOTAL             20.26   17.38   23.63   17.33    16.09    16.44
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: MARCH 1997
    
    

    
                                     TABLE 7
                   SOYBEAN MEAL: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     FEB.     MAR.
                          1992/93 1993/94 1994/95 1995/96  1995/96  1996/97
    PRODUCTION
        UNITED STATES       27.55   27.68   30.18   29.50    30.25    30.41
        LATIN AMERICA       22.46   25.24   26.55   29.26    29.59    29.32
         BRAZIL             12.17   14.50   15.87   16.94    16.74    16.19
         ARGENTINA           6.86    7.09    7.02    8.28     8.48     8.71
         MEXICO              2.08    2.06    1.86    2.12     2.21     2.29
        EUROPEAN UNION      10.98    9.85   11.49   10.75    10.90    11.06
        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   16.30    16.05    16.54
         JAPAN               2.94    2.85    2.88    2.87     2.87     2.87
         CHINA               3.63    6.16    6.55    6.04     6.24     6.72
         TAIWAN              1.78    1.75    1.80    1.83     1.77     1.77
         INDIA               2.25    2.88    2.20    3.20     2.82     2.82
         OTHER               1.87    1.91    2.27    2.44     2.53     2.53
    
          TOTAL             76.38   81.21   87.19   89.17    90.39    90.92
    
    EXPORTS
        UNITED STATES        5.65    4.86    6.09    5.45     6.03     6.03
        BRAZIL               8.17   10.31   10.83   11.78    11.40    10.80
        ARGENTINA            6.54    6.76    6.73    8.25     8.20     8.50
        EUROPEAN UNION       4.04    3.85    3.67    3.56     3.44     3.50
        CHINA                0.40    1.05    1.28    0.10     0.10     0.10
        INDIA                2.01    2.20    1.58    2.50     2.20     2.20
        OTHER                0.74    0.92    1.13    1.29     1.50     1.50
    
          TOTAL             27.55   29.95   31.30   32.92    32.87    32.63
    
    IMPORTS
        EUROPEAN UNION      15.49   16.47   16.80   16.42    16.12    15.44
         FRANCE              3.50    3.80    3.79    3.34     3.40     3.33
         GERMANY             2.22    2.12    1.99    1.90     1.75     1.70
         NETHERLANDS         1.40    1.37    1.78    1.70     1.70     1.60
         ITALY               1.62    1.75    1.90    1.90     1.90     1.80
        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    6.50     7.90     7.95
        MID-EAST/N AFR       2.20    2.69    3.01    3.34     3.24     3.24
        LATIN AMERICA        1.96    2.28    2.38    2.57     2.73     2.73
        OTHER                0.97    1.01    1.18    1.12     1.02     1.04
    
          TOTAL             27.87   29.26   31.22   32.28    33.28    32.67
    
    CONSUMPTION
        UNITED STATES       22.00   22.94   24.08   24.11    24.31    24.50
        LATIN AMERICA        8.86    9.66   10.61   11.22    11.55    11.70
         BRAZIL              3.92    4.19    5.10    5.30     5.35     5.40
         ARGENTINA           0.16    0.25    0.31    0.28     0.25     0.28
         MEXICO              2.48    2.41    2.22    2.42     2.51     2.59
        EUROPEAN UNION      22.24   22.68   24.42   23.62    23.56    22.98
         FRANCE              3.81    4.03    4.30    3.79     3.86     3.79
         GERMANY             3.49    3.37    3.37    3.27     3.22     3.17
         NETHERLANDS         2.51    2.52    3.11    2.94     3.08     2.92
         ITALY               3.15    3.16    3.24    3.20     3.27     3.17
         SPAIN               3.32    3.30    3.50    3.51     3.34     3.24
        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   20.24    21.75    22.28
         JAPAN               3.79    3.73    3.70    3.55     3.60     3.60
         CHINA               3.27    5.11    5.33    6.87     8.24     8.72
         TAIWAN              1.94    1.88    1.86    1.85     1.80     1.80
         KOREA, REP OF       1.45    1.49    1.77    1.84     1.84     1.84
        MID-EAST/N AFR       2.85    3.39    3.96    4.33     4.23     4.23
        OTHER                1.93    2.01    2.30    2.36     2.35     2.35
    
          TOTAL             76.07   80.67   86.72   88.92    90.87    91.15
    
    ENDING STOCKS
        UNITED STATES        0.19    0.14    0.20    0.21     0.18     0.18
        BRAZIL               0.60    0.61    0.54    0.40     0.63     0.39
        ARGENTINA            0.48    0.56    0.54    0.30     0.72     0.23
        OTHER                2.46    2.27    2.67    2.66     2.58     2.58
    
          TOTAL              3.73    3.57    3.95    3.56     4.11     3.38
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: MARCH 1997
    
    
    
                                     TABLE 8
                   SOYBEAN OIL: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     FEB.     MAR.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
    PRODUCTION
        UNITED STATES        6.25    6.33    7.08    6.91     6.96     7.01
        LATIN AMERICA        5.12    5.81    6.10    6.69     6.80     6.70
         BRAZIL              2.91    3.47    3.80    4.03     4.00     3.85
         ARGENTINA           1.44    1.52    1.50    1.76     1.82     1.86
         MEXICO              0.45    0.45    0.40    0.45     0.49     0.49
        EUROPEAN UNION       2.54    2.24    2.58    2.42     2.48     2.48
        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    3.44     3.49     3.49
         JAPAN               0.69    0.66    0.67    0.67     0.67     0.67
         CHINA               0.67    1.14    1.21    1.15     1.28     1.28
         TAIWAN              0.42    0.39    0.40    0.41     0.40     0.40
         OTHER               0.39    0.42    0.50    0.53     0.55     0.55
    
          TOTAL             17.20   18.25   19.71   20.20    20.39    20.47
    
    EXPORTS
        UNITED STATES        0.64    0.69    1.22    0.45     0.84     0.84
        BRAZIL               0.69    1.35    1.55    1.63     1.50     1.45
        ARGENTINA            1.45    1.45    1.50    1.55     1.70     1.80
        EUROPEAN UNION       1.06    0.91    1.29    1.14     1.12     1.13
        OTHER                0.37    0.46    0.52    0.58     0.56     0.67
    
          TOTAL              4.21    4.85    6.08    5.35     5.72     5.89
    
    IMPORTS
        UNITED STATES        0.01    0.03    0.01    0.04     0.05     0.03
        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     1.55     1.55
        INDIA                0.04    0.04    0.06    0.06     0.11     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     1.19     1.19
          IRAN               0.43    0.49    0.50    0.34     0.38     0.38
          MOROCCO            0.17    0.18    0.15    0.12     0.18     0.18
          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     0.85     0.92
          BRAZIL             0.14    0.24    0.18    0.10     0.10     0.18
          MEXICO             0.07    0.08    0.07    0.05     0.07     0.07
          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     0.98     1.01
    
          TOTAL              3.90    4.74    6.11    5.24     5.70     5.78
    
    CONSUMPTION
        UNITED STATES        5.92    5.87    5.86    6.11     6.19     6.26
        LATIN AMERICA        3.62    3.73    3.97    3.99     4.14     4.16
          BRAZIL             2.28    2.32    2.47    2.53     2.60     2.60
          ARGENTINA          0.07    0.07    0.08    0.08     0.08     0.09
          MEXICO             0.53    0.52    0.45    0.49     0.52     0.54
        EUROPEAN UNION       2.00    1.85    1.92    1.96     1.96     1.99
        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                 3.43    4.49    5.22    5.52     5.61     5.62
         JAPAN               0.69    0.67    0.68    0.67     0.68     0.68
         CHINA               0.77    1.76    2.53    2.61     2.70     2.68
         TAIWAN              0.38    0.39    0.39    0.40     0.39     0.39
         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     0.74
         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     1.41     1.41
         IRAN                0.45    0.52    0.52    0.36     0.40     0.40
         MOROCCO             0.18    0.18    0.16    0.13     0.19     0.19
         TURKEY              0.22    0.18    0.19    0.18     0.19     0.19
        OTHER                0.51    0.50    0.59    0.58     0.63     0.63
    
          TOTAL             17.22   18.41   19.45   19.78    20.38    20.49
    
    ENDING STOCKS
        UNITED STATES        0.71    0.50    0.52    0.91     0.89     0.86
        BRAZIL               0.32    0.35    0.31    0.28     0.31     0.25
        ARGENTINA            0.21    0.21    0.13    0.26     0.18     0.23
        OTHER                0.82    0.71    1.10    0.92     0.89     0.89
    
          TOTAL              2.05    1.77    2.05    2.36     2.27     2.23
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: MARCH 1997
    
    
    
                                     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   6,033      450      839
      BRAZIL                3,300   5,200  11,778  10,800    1,630    1,450
      ARGENTINA             2,000   2,000   8,250   8,500    1,550    1,800
      EUROPEAN UNION          351     317   3,555   3,495    1,138    1,127
        SPAIN                   0       0      30      40      178      188
        PORTUGAL                4       4      25      20       55       54
      PARAGUAY              1,600   1,750     508     587      124      135
      OTHER                 1,324   1,209   3,383   3,212      458      536
    
        WORLD TOTAL        31,740  34,970  32,919  32,627    5,350    5,887
    
    SELECTED IMPORTERS
      EUROPEAN UNION       14,219  14,695  16,415  15,435      627      614
        GERMANY             2,850   3,000   1,900   1,700      150      160
        NETHERLANDS         4,370   4,350   1,700   1,600       29       28
        SPAIN               2,335   2,635   1,969   1,600        5        8
        ITALY               1,160   1,110   1,900   1,800       20       15
        BEL-LUX             1,213   1,212   1,050   1,010       62       60
        PORTUGAL              650     620     160     150        6        7
        FRANCE                590     750   3,340   3,325       59       70
        U.K.                  639     615   1,650   1,650      165      132
        DENMARK                70      73   1,568   1,435       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                 11,720  13,024   6,147   7,565    2,261    2,481
        JAPAN               4,800   4,860     700     750       10        7
        TAIWAN              2,627   2,574      28      30        4        2
        KOREA, REP OF       1,400   1,400   1,000     900       35       35
        INDONESIA             700     750     950   1,025        9       10
        PHILIPPINES           130     140     900     965       16       18
        INDIA                   0       0       0       0       60      110
        PAKISTAN               25      25      70      70      150      160
      MID-EAST/N AFR        1,005   1,068   3,340   3,244    1,016    1,193
        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      52      80      116      180
        TUNISIA                 0       0     170     190       90      100
        ALGERIA                 0       0     370     350      110      120
        TURKEY                180     220     275     250      135      150
      LATIN AMERICA         4,814   4,232   2,568   2,728      855      896
        MEXICO              2,653   2,750     300     300       50       70
        VENEZUELA             285     295     530     550      100      100
      CANADA                   70     100     716     650       43       30
      OTHER                   426     431     761     767      321      342
    
        WORLD TOTAL        32,506  34,517  32,275  32,667    5,241    5,782
    DATE: MARCH 1997
    
    
    
                                     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    5,710    5,896
    TOTAL CONSUM            MY      5,308   5,582   6,110    6,909    7,345
    TOTAL IMPORTS           MY         89     264     680    1,219    1,449
      PALM OIL          (OCT-SEP)      30     200     480      970      950
      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    2,554    2,320
    TOTAL CONSUM            MY      2,798   2,488   2,262    2,707    2,646
    TOTAL IMPORTS           MY        730     720     752      831      705
      PALM OIL          (OCT-SEP)     100      83     122      133      133
      SUNFLOWERSEED OIL (SEP-AUG)     220     248     316      380      254
      SOYBEAN OIL       (OCT-SEP)      68      80      46       50       80
    PAKISTAN
    TOTAL PROD              MY        404     324     343      435      387
    TOTAL CONSUM            MY      1,591   1,607   1,706    1,740    1,829
    TOTAL IMPORTS           MY      1,141   1,236   1,381    1,304    1,439
      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      939
    TOTAL IMPORTS           MY        626     816     899      801      816
      SUNSEED OIL       (OCT-SEP)     200     180     280      200      205
      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       55
    TOTAL CONSUM            MY        579     697   1,106      875      941
    TOTAL IMPORTS           MY        547     659   1,055      821      886
      PALM OIL          (OCT-SEP)      48     113      54       50       50
      SOYBEAN OIL       (OCT-SEP)     433     494     500      340      380
      SUNSEED OIL       (OCT-SEP)      65      51     500      430      455
    ALGERIA
    TOTAL PROD              MY         24      18      14       16       16
    TOTAL CONSUM            MY        414     472     522      502      524
    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       78       81
    TOTAL CONSUM            MY        328     307     340      329      312
    TOTAL IMPORTS           MY        237     238     233      254      239
      SOYBEAN OIL       (OCT-SEP)     169     178     147      116      180
      RAPESEED OIL      (OCT-SEP)      60      51      77      129       50
    NIGERIA
    TOTAL PROD              MY        835     774     785      766      770
    TOTAL CONSUM            MY        965     912     943      966      920
    TOTAL IMPORTS           MY        120     128     158      180      150
      PALM OIL          (OCT-SEP)     100     100     130      160      150
      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    6,314
    TOTAL CONSUM            MY      5,748   7,287   9,521    9,158    9,318
    TOTAL IMPORTS           MY      1,115   2,487   4,431    2,811    3,482
      PALM OIL          (OCT-SEP)     800   1,420   1,667    1,006    1,500
      SOYBEAN OIL       (OCT-SEP)     100     640   1,702    1,445    1,550
      RAPESEED OIL      (OCT-SEP)     153     360     944      303      375
    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     14,182  14,336  14,990   16,653   16,255
    TOTAL CONSUM            MY     19,362  21,411  24,774   25,225   25,915
    TOTAL IMPORTS           MY      5,666   7,869  11,093    9,519   10,521
      PALM OIL              MY      2,490   3,789   4,381    4,217    4,766
      SOYBEAN OIL           MY      1,600   2,342   3,499    2,801    3,175
      SUNSEED OIL           MY        730     715   1,481    1,425    1,569
      RAPESEED OIL          MY        394     571   1,144      615      540
    
    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: MARCH 1997
    
    
    
                                     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)          33,568  69,095     464  23,929   42,562    6,030
      1996/97(96)          32,570  74,932     451  25,139   43,680    4,937
    
    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   5,908     -         223
      1993/94(93)           -      30,154   1,024   5,098     -         200
      1994/95(94)           -      33,199     860   6,357     -         262
      1995/96(95)           -      32,269   1,048   5,686     -         267
      1996/97(96)           -      33,074   1,081   6,246     -         240
    
    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)           -       8,263   1,427   1,481     -       1,152
    
    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: MARCH 1997
    
    
    
    

    
                                     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    4,992
      1996/97(96)          25,661  64,837     121  24,494   38,646    3,800
    
    
    
    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)           -      30,410      91   6,033     -         181
    
    
    
    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)           -       7,013      34     839     -         862
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: MARCH 1997
    
    
    
                                    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  23,700   1,300   3,500   20,050      610
      1997/98(96)          11,800  27,000     600   5,200   20,700      610
    
    
    
    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)           -      13,161       0   9,301     -         526
      1994/95(93)           -      14,726       0  10,519     -         434
      1995/96(94)           -      16,977       0  11,859     -         452
      1996/97(95)           -      15,759       0  10,369     -         342
      1997/98(96)           -      16,270       0  10,600     -         312
    
    
    
    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)           -       3,729     150   1,447     -         144
      1997/98(96)           -       3,850     150   1,500     -         144
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: MARCH 1997
    
    
    
    
                                   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   2,633    9,319      674
      1996/97(95)           5,980  12,640       0   2,000   10,174      580
      1997/98(96)           6,200  13,500       0   2,000   11,150      407
    
    
    
    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     -         151
      1993/94(92)           -       7,019       0   6,835     -         201
      1994/95(93)           -       7,102       0   6,881     -         202
      1995/96(94)           -       7,530       0   7,150     -         307
      1996/97(95)           -       8,241       0   8,150     -         148
      1997/98(96)           -       9,032       0   8,700     -         180
    
    
    
    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)           -       1,612       0   1,562     -          22
      1996/97(95)           -       1,760       0   1,649     -          51
      1997/98(96)           -       1,929       0   1,840     -          55
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: MARCH 1997
    

    
    
                                     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     550    4,950      125
      1997/98(96)           2,900   5,400       0     200    5,125      125
    
    
    
    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)           -       2,079       0   1,954     -         180
      1997/98(96)           -       2,153       0   2,053     -         180
    
    
    
    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)           -       1,296       0     920     -         103
      1995/96(94)           -       1,980       0   1,494     -         169
      1996/97(95)           -       1,964       0   1,500     -         174
      1997/98(96)           -       2,034       0   1,550     -         158
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
           OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: MARCH 1997
    

  
                                     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    7,295
      SUNFLOWERSEED         4,056   3,506   4,026   3,236    3,939
      SOYBEANS              1,274     807   1,029     939    1,070
      OTHER                   540     594     647     718      636
    
          TOTAL            12,425  11,501  12,687  13,190   12,940
    
    PROTEIN MEAL CONSUMPTION 1/
      SOYBEAN              22,244  22,683  24,424  23,615   22,980
      SUNFLOWERSEED         3,503   3,761   4,284   4,203    4,658
      RAPESEED              4,322   4,345   5,070   4,957    4,864
      CORN GLUTEN FEED/M    6,550   6,325   6,455   6,450    6,500
      OTHER                 4,734   4,880   4,770   4,835    4,863
    
        TOTAL 3/           34,803  35,669  38,548  37,610   37,365
        TOTAL SME 4/       36,545  37,341  39,987  39,000   38,684
    
    OIL CONSUMPTION 1/
      SOYBEAN               1,997   1,848   1,920   1,955    1,990
      OLIVE                 1,328   1,343   1,344   1,306    1,378
      SUNFLOWERSEED         1,803   1,746   1,818   1,837    1,764
      RAPESEED              1,718   1,666   2,017   2,117    2,078
      OTHER                 3,035   3,277   3,369   3,305    3,274
    
        TOTAL               9,881   9,880  10,468  10,520   10,484
    
    IMPORTS(EX.INTRA TRADE) 5/ 6/
      SOYBEANS             14,900  12,870  15,695  13,916   14,424
      SOYBEAN MEAL         13,120  13,877  13,903  13,578   12,692
      SUNFLOWERSEED           812   1,457   1,611   2,033    1,263
    
    EXPORTS(EX.INTRA TRADE) 5/ 6/
      SOYBEAN MEAL          1,091     571     771     718      752
      SOYBEAN OIL             516     368     703     556      609
      RAPESEED OIL            570     906   1,067     893      693
    
    
    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          COTTON, OILSEEDS, TOBACCO
             USDA ESTIMATES                  and SEEDS DIVISION
    DATE: MARCH 1997


                              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    2,800
    
          TOTAL             3,743   3,358   3,096   4,615    3,280
    
    PROTEIN MEAL CONSUMPTION
      SOYBEAN               1,435     540     450     290      381
      SUNFLOWERSEED         1,106     765     635     860      845
      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   1,668    1,738
        TOTAL SME 2/        3,214   1,984   1,776   1,829    1,900
    
    OIL CONSUMPTION
      SOYBEAN                  90     100      60      62       84
      COTTONSEED              127     108     120     100      105
      SUNFLOWERSEED           970     830     830   1,026    1,030
      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   1,357    1,358
    
    IMPORTS 3/
      SOYBEANS                167      68      35      50       40
      SOYBEAN MEAL          1,095     200     205     100      100
      SUNFLOWERSEED OIL       105     146     205     270      150
      COTTONSEED OIL          127     108     120     100      105
    
    EXPORTS 3/
      SUNFLOWERSEED            76     450     533   1,200      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          COTTON, OILSEEDS, TOBACCO
             USDA ESTIMATES                  and SEEDS DIVISION
    
    DATE: MARCH 1997
    
    

   
                             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    9,060
      SOYBEANS             10,300  15,310  16,000  13,500   13,000
      SUNFLOWERSEED         1,472   1,282   1,370   1,270    1,290
    
          TOTAL            33,038  38,610  42,248  43,187   39,710
    
    PROTEIN MEAL CONSUMPTION
      SOYBEAN               3,274   5,110   5,329   6,867    8,723
      COTTONSEED            1,966   2,088   2,513   2,854    2,130
      RAPESEED              3,375   3,396   4,236   5,145    4,771
      PEANUT                1,116   1,580   2,127   2,277    2,187
      OTHER                 1,145   1,032   1,300   1,220    1,256
    
        TOTAL 1/           10,876  13,206  15,505  18,363   19,067
        TOTAL SME 2/        9,901  12,271  14,417  16,967   17,916
    
    OIL CONSUMPTION
      SOYBEAN                 770   1,763   2,527   2,611    2,681
      COTTONSEED              869     775     897     995      782
      PALM                    700   1,136   1,437     806    1,300
      RAPESEED              2,363   2,314   2,997   3,088    2,950
      PEANUT                  769   1,059   1,359   1,429    1,373
      OTHER                   277     240     304     229      232
    
        TOTAL 1/            5,748   7,287   9,521   9,158    9,318
    
    IMPORTS 3/
      SOYBEANS                150     125     155     795    1,900
      RAPESEED                  5       0     235       0        0
      FISHMEAL                424     434     668     660      625
      PALM OIL                800   1,420   1,667   1,006    1,500
      SOYBEAN OIL             100     640   1,702   1,445    1,550
      RAPESEED OIL            153     360     944     303      375
    
    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      125
    
    
    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          COTTON, OILSEEDS, TOBACCO
             USDA ESTIMATES                  and SEEDS DIVISION
    DATE: MARCH 1997

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Last modified: Tuesday, September 14, 2004