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OILSEEDS AND PRODUCTS: WORLD MARKETS AND TRADE

April 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-325), April 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 May 13, 1997.

Summary

Prospective U.S. soybean ending stocks are reduced this month to 3.4 million tons (125 million bushels), the lowest since 1976/77 and the lowest relative to disappearance since 1972/73. The reduction is prompted by lower-than-expected March 1 soybean stocks and an upward revision in soybean seed use, along with a 16-million-bushel increase in other residual use. Rising soybean prices and a forecast reduction in soybean imports by Taiwan (due to an outbreak of foot and mouth disease) are expected to cut the pace of U.S. soybean exports. Projected U.S. exports for 1996/97 are lowered 136,000 tons to 24.4 million tons (895 million bushels).

U.S. soybean oil prospects are adjusted slightly this month, with an increase in domestic consumption offset by a 23,000-ton drop in soybean oil exports. Slight reductions in China's soybean oil imports are only partly offset by an increase in Taiwan's vegetable oil imports.

U.S. season-average soybean and soybean meal prices are increased this month and soybean oil prices are reduced slightly. Soybean prices are forecast at $7.10 to $7.50 per bushel, while soybean meal prices are increased to $245 to $270 per short ton. Soybean oil prices are forecast at 22.75 to 24.25 cents per pound.

Globally, world oilseed production in 1996/97 is forecast at 259.4 million metric tons, up 0.4 million tons from last month and up nearly 3.0 million tons from last year. Upward revisions to China's cottonseed crop more than offset small declines in soybeans and rapeseed. World soybean production, at 133.7 million tons, is off 0.3 million tons from last month because of a cut in Argentina's soybean output to 13.3 million tons. Dry weather in March in central Santa Fe and Cordoba provinces has hurt second-crop soybean yield prospects. First-crop soybean yield expectations remain well above average.

World oilseed trade and crush forecasts are higher this month. An increase in Russia's exports of sunflowerseed to Europe and Turkey in the first half of this marketing year prompted an upward revision to trade while an increase in China's cottonseed crush boosts the world crush forecast. A slight drop in world soybean crush is attributed mainly to a lower crush in Taiwan.






    
                                     TABLE 1.
                   MAJOR OILSEEDS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAR.     APR.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
      PRODUCTION
       SOYBEAN             117.34  117.75  137.78  124.76   133.98   133.69
       COTTONSEED           31.59   29.48   32.88   35.41    33.49    34.21
       PEANUT               23.08   24.00   26.48   26.19    26.20    26.23
       SUNFLOWERSEED        21.28   20.74   23.37   25.77    24.14    24.14
       RAPESEED             25.31   26.71   30.29   34.59    30.63    30.56
       COPRA                 4.92    4.97    5.48    4.95     5.34     5.34
       PALM KERNEL           3.99    4.25    4.62    4.96     5.30     5.30
    
          TOTAL            227.51  227.88  260.90  256.62   259.08   259.45
    
    
      EXPORTS
       SOYBEAN              29.81   28.16   32.18   31.74    34.97    34.72
       COTTONSEED            0.91    0.91    1.03    0.92     0.79     0.79
       PEANUT                1.34    1.43    1.53    1.68     1.46     1.49
       SUNFLOWERSEED         1.87    2.57    3.19    3.67     2.57     3.19
       RAPESEED              4.02    5.28    5.85    5.62     5.22     5.13
       COPRA                 0.23    0.24    0.21    0.19     0.19     0.19
       PALM KERNEL           0.06    0.06    0.06    0.06     0.06     0.06
    
          TOTAL             38.23   38.65   44.06   43.87    45.26    45.57
    
    
      IMPORTS
       SOYBEAN              30.42   28.37   32.81   32.10    34.52    34.45
       COTTONSEED            0.91    0.89    1.06    0.91     0.79     0.79
       PEANUT                1.32    1.44    1.53    1.52     1.45     1.48
       SUNFLOWERSEED         1.97    2.51    3.14    3.55     2.53     3.18
       RAPESEED              4.01    5.20    5.91    5.43     5.22     5.16
       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   44.73   43.80    44.81    45.35
    
    
      CRUSH
       SOYBEAN              96.75  102.06  109.93  112.01   114.82   114.68
       COTTONSEED           24.96   22.98   25.29   28.03    25.85    26.42
       PEANUT               12.53   12.83   14.41   14.09    14.40    14.41
       SUNFLOWERSEED        18.63   17.95   20.55   22.41    21.99    22.21
       RAPESEED             22.78   24.32   27.15   30.28    28.54    28.55
       COPRA                 4.90    4.95    5.50    4.94     5.37     5.37
       PALM KERNEL           3.89    4.26    4.51    4.93     5.23     5.22
    
          TOTAL            184.44  189.36  207.35  216.68   216.21   216.87
    
    
      ENDING STOCKS

       SOYBEAN              20.26   17.38   23.63   17.29    16.44    15.86
       COTTONSEED            0.46    0.53    0.63    0.65     0.69     0.71
       PEANUT                0.81    0.60    0.74    0.55     0.48     0.49
       SUNFLOWERSEED         0.60    0.76    0.92    1.57     1.14     1.01
       RAPESEED              1.14    0.80    0.97    1.81     0.96     0.91
       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    19.96    19.23
    
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: APRIL 1997
    
    
    
    
                                     TABLE 2.
                MAJOR PROTEIN MEALS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAR.     APR.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
      PRODUCTION
       SOYBEAN              76.38   81.21   87.19   88.94    90.92    90.83
       COTTONSEED           11.46   10.67   11.78   12.98    11.96    12.23
       RAPESEED             14.00   14.81   16.49   18.37    17.41    17.42
       SUNFLOWERSEED         8.55    8.33    9.45   10.03    10.13    10.18
       FISH                  5.90    6.35    6.59    6.73     6.33     6.33
       PEANUT                5.11    5.24    5.88    5.73     5.87     5.87
       COPRA                 1.64    1.68    1.88    1.70     1.83     1.83
       PALM KERNEL           2.04    2.25    2.39    2.60     2.76     2.75
    
          TOTAL            125.08  130.53  141.65  147.07   147.21   147.44
    
    
      EXPORTS
       SOYBEAN              27.55   29.95   31.30   32.92    32.63    32.63
       COTTONSEED            1.46    1.13    1.10    1.16     1.15     1.15
       RAPESEED              3.21    3.36    3.55    4.08     3.56     3.58
       SUNFLOWERSEED         1.80    2.14    2.80    2.72     2.99     2.88
       FISH                  3.45    4.11    4.14    4.02     4.13     4.13
       PEANUT                0.65    0.85    0.64    0.62     0.61     0.61
       COPRA                 1.04    1.01    1.30    0.99     1.11     1.11
       PALM KERNEL           1.82    1.90    2.05    2.22     2.33     2.33
    
          TOTAL             40.98   44.45   46.88   48.74    48.49    48.40
    
    
      IMPORTS
       SOYBEAN              27.87   29.26   31.22   32.27    32.67    32.67
       COTTONSEED            1.45    1.14    1.04    1.09     1.11     1.11
       RAPESEED              3.31    3.43    3.81    3.75     3.60     3.57
       SUNFLOWERSEED         1.84    2.14    2.68    2.54     2.96     2.85
       FISH                  3.70    4.05    4.41    4.05     3.77     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     2.19     2.19
    
          TOTAL             41.67   43.63   46.87   47.40    47.92    47.79
    
    
      CONSUMPTION
       SOYBEAN              76.07   80.67   86.73   88.70    91.15    91.04
       COTTONSEED           11.42   10.70   11.72   12.89    11.92    12.20
       RAPESEED             14.08   14.89   16.62   17.96    17.63    17.59
       SUNFLOWERSEED         8.58    8.36    9.21    9.73    10.12    10.23
       FISH                  5.97    6.31    6.56    6.57     6.28     6.28
       PEANUT                5.13    5.18    5.91    5.74     5.88     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     2.60     2.60
    
          TOTAL            124.99  129.91  140.81  145.76   147.30   147.54
    
    
      ENDING STOCKS
       SOYBEAN               3.73    3.57    3.95    3.54     3.38     3.37
       COTTONSEED            0.17    0.15    0.15    0.16     0.16     0.16
       RAPESEED              0.48    0.48    0.62    0.70     0.51     0.51
       SUNFLOWERSEED         0.26    0.24    0.35    0.48     0.43     0.40
       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    6.34    6.32     5.64     5.60
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: APRIL 1997
    
    
    
                                     TABLE 3.
          MAJOR VEGETABLE AND MARINE OILS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAR.     APR.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
      PRODUCTION
       SOYBEAN              17.20   18.25   19.71   20.14    20.47    20.43
       PALM                 13.04   13.74   14.89   15.76    16.60    16.69
       SUNFLOWERSEED         7.35    7.09    8.20    8.90     8.80     8.77
       RAPESEED              8.40    9.04   10.09   11.17    10.49    10.49
       COTTONSEED            3.67    3.38    3.73    4.07     3.80     3.88
       PEANUT                3.60    3.63    4.03    3.96     4.05     4.05
       COCONUT               3.10    3.09    3.43    3.07     3.33     3.33
       OLIVE                 1.80    1.76    1.77    1.59     2.00     2.08
       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     2.28
    
          TOTAL             61.07   63.09   69.38   72.26    73.09    73.26
    

      EXPORTS
       SOYBEAN               4.21    4.85    6.08    5.35     5.89     5.86
       PALM  1/              8.66    9.93    9.71    9.92    10.59    10.65
       SUNFLOWERSEED         2.15    2.33    3.39    3.22     3.16     3.13
       RAPESEED              1.63    2.23    2.64    2.44     2.19     2.21
       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     1.66     1.66
       OLIVE                 0.57    0.75    0.74    0.63     0.74     0.79
       FISH                  0.71    0.79    1.06    1.01     0.86     0.86
       PALM KERNEL           0.91    0.93    0.84    0.93     0.92     1.04
    
          TOTAL             21.27   24.10   27.15   25.86    26.75    26.95
    
    
      IMPORTS
       SOYBEAN               3.90    4.74    6.11    5.20     5.78     5.71
       PALM  1/              8.30    9.68    9.65    9.82    10.43    10.44
       SUNFLOWERSEED         2.13    2.37    3.32    3.21     3.25     3.12
       RAPESEED              1.72    2.21    2.77    2.38     2.24     2.22
       COTTONSEED            0.45    0.46    0.54    0.51     0.52     0.53
       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   25.16    26.37    26.18
    
    
      CONSUMPTION
       SOYBEAN              17.22   18.41   19.45   19.68    20.49    20.41
       PALM                 12.39   13.95   14.74   15.40    16.44    16.48
       SUNFLOWERSEED         7.52    7.20    8.05    8.69     8.95     8.89
       RAPESEED              8.56    9.02   10.36   11.00    10.59    10.54
       COTTONSEED            3.65    3.32    3.69    4.04     3.83     3.92
       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    1.78     1.90     1.89
       FISH                  1.13    1.19    1.36    1.32     1.28     1.28
       PALM KERNEL           1.77    1.95    1.95    1.92     2.15     2.02
    
          TOTAL             60.62   63.50   68.91   70.86    72.86    72.66
    
    
      ENDING STOCKS
       SOYBEAN               2.05    1.77    2.05    2.36     2.23     2.23
       PALM                  1.72    1.25    1.33    1.59     1.59     1.59
       SUNFLOWERSEED         0.81    0.74    0.82    1.03     0.92     0.90
       RAPESEED              0.42    0.43    0.30    0.39     0.35     0.35
       COTTONSEED            0.10    0.11    0.11    0.11     0.10     0.10
       PEANUT                0.06    0.04    0.04    0.05     0.05     0.06
       COCONUT               0.25    0.31    0.30    0.22     0.24     0.24
       OLIVE                 0.98    0.87    0.79    0.63     0.73     0.78
       FISH                  0.23    0.27    0.30    0.31     0.28     0.28
       PALM KERNEL           0.21    0.15    0.17    0.22     0.21     0.22
    
          TOTAL              6.83    5.93    6.21    6.91     6.69     6.74
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
      1/  PALM OIL TRADE EXCLUDES TRANSSHIPMENTS THROUGH SINGAPORE
    DATE: APRIL 1997
    
    
    
                                     TABLE 4
                   MAJOR OILSEEDS, PROTEIN MEALS, FATS AND OILS:
                                WORLD PRODUCTION 1/
                               (MILLION METRIC TONS)
                                                   PRELIM     MAR.     APR.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
    WORLD OILSEEDS:
     SOYBEAN               117.34  117.75  137.78  124.76   133.98   133.69
     COTTONSEED             31.59   29.48   32.88   35.41    33.49    34.21
     PEANUT                 23.08   24.00   26.48   26.19    26.20    26.23
     SUNFLOWERSEED          21.28   20.74   23.37   25.77    24.14    24.14
     RAPESEED               25.31   26.71   30.29   34.59    30.63    30.56
     COPRA                   4.92    4.97    5.48    4.95     5.34     5.34
     PALM KERNEL             3.99    4.25    4.62    4.96     5.30     5.30
    
        TOTAL              227.51  227.88  260.90  256.62   259.08   259.45
    
    PROTEIN MEALS:
     SOYBEAN                76.38   81.21   87.19   88.94    90.92    90.83
     COTTONSEED             11.46   10.67   11.78   12.98    11.96    12.23
     PEANUT                  5.11    5.24    5.88    5.73     5.87     5.87
     SUNFLOWERSEED           8.55    8.33    9.45   10.03    10.13    10.18
     RAPESEED               14.00   14.81   16.49   18.37    17.41    17.42
     COPRA                   1.64    1.68    1.88    1.70     1.83     1.83
     PALM KERNEL             2.04    2.25    2.39    2.60     2.76     2.75
     FISH                    5.90    6.35    6.59    6.73     6.33     6.33
    
        TOTAL              125.08  130.53  141.65  147.07   147.21   147.44
    
    44% PROTEIN MEAL EQUIVALENT 2/:
     SOYBEAN                76.38   81.21   87.19   88.94    90.92    90.83
     COTTONSEED              9.29    8.64    9.54   10.51     9.69     9.91
     PEANUT                  5.74    5.89    6.61    6.44     6.60     6.60
     SUNFLOWERSEED           8.07    7.87    8.92    9.47     9.57     9.61
     RAPESEED                9.96   10.54   11.73   13.07    12.38    12.39
     COPRA                   0.74    0.76    0.85    0.77     0.83     0.83
     PALM KERNEL             0.73    0.80    0.85    0.92     0.98     0.98
     FISH                    8.53    9.17    9.53    9.73     9.15     9.15
    
        TOTAL              119.44  124.88  135.23  139.85   140.12   140.29
    
    FATS & OILS
    EDIBLE VEGETABLE:
     SOYBEAN                17.20   18.25   19.71   20.14    20.47    20.43
     COTTONSEED              3.67    3.38    3.73    4.07     3.80     3.88
     PEANUT                  3.60    3.63    4.03    3.96     4.05     4.05
     SUNFLOWERSEED           7.35    7.09    8.20    8.90     8.80     8.77
     RAPESEED                8.40    9.04   10.09   11.17    10.49    10.49
     OLIVE                   1.80    1.76    1.77    1.59     2.00     2.08
     COCONUT                 3.10    3.09    3.43    3.07     3.33     3.33
     PALM KERNEL             1.74    1.88    2.00    2.17     2.31     2.28
     PALM                   13.04   13.74   14.89   15.76    16.60    16.69
    
        TOTAL               59.88   61.85   67.85   70.82    71.84    72.00
    
    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)          72.98   74.91   81.36   84.56    85.38    85.55
    
    
    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: APRIL 1997
    
    
    
    
                                     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    25.66    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    13.25
      EUROPEAN UNION 5/      0.46    1.35    0.29    0.94     0.32     1.08
      PARAGUAY               0.98    1.67    1.10    2.40     1.20     2.70
      OTHER                  8.89   10.85    9.95   12.33    10.32    11.83
    
          TOTAL             57.73  116.87   61.34  124.76    63.00   133.69

     COTTONSEED
      CHINA                  5.90    7.87    5.42    8.44     4.80     7.56
      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     2.78
      INDIA                  7.60    4.22    9.06    5.37     8.87     5.33
      PAKISTAN               2.76    3.23    3.05    3.57     3.20     3.09
      BRAZIL                 1.48    0.96    1.13    0.66     0.75     0.50
      OTHER                  6.90    6.51    8.07    7.87     8.37     8.35
    
          TOTAL             32.58   32.78   35.78   35.41    33.73    34.21
    
     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    0.24    0.46     0.30     0.40
      SOUTH AFRICA           0.13    0.14    0.14    0.20     0.10     0.13
      OTHER                  5.47    4.78    5.48    5.00     5.45     4.95
    
          TOTAL             19.51   23.57   19.60   26.19    19.92    26.23
    
     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     2.11     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    2.39    3.24     2.35     3.94
      OTHER                  4.29    3.20    4.46    3.74     4.40     3.56
    
          TOTAL             17.63   22.01   20.72   25.77    19.96    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     2.62     7.21
      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    2.25     0.69     1.29
      OTHER                  1.33    1.22    1.74    1.63     1.66     1.66
    
          TOTAL             20.25   27.14   24.13   34.59    21.51    30.56
    
    
    TOTAL OILSEEDS         147.69  222.37  161.57  246.71   158.12   248.78
    
    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: APRIL 1997
    
    
    
                                     TABLE 6
                     SOYBEANS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAR.     APR.
                          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    27.00    27.00
        ARGENTINA           11.35   12.40   12.65   12.64    13.50    13.25
        CHINA               10.30   15.31   16.00   13.50    13.00    13.00
        EUROPEAN UNION       1.27    0.81    1.03    0.94     1.07     1.08
        PARAGUAY             1.75    1.80    2.20    2.40     2.70     2.70
        OTHER               10.55   11.81   11.51   12.34    11.88    11.83
    
          TOTAL            117.34  117.75  137.78  124.76   133.98   133.69
    
    EXPORTS
        UNITED STATES       20.94   16.03   22.81   23.17    24.49    24.36
        BRAZIL               4.06    5.43    3.57    3.30     5.20     5.20
        ARGENTINA            2.42    3.07    2.56    2.00     2.00     1.90
        PARAGUAY             1.25    1.20    1.45    1.60     1.75     1.75
        CHINA                0.30    1.10    0.39    0.22     0.20     0.20
        OTHER                0.84    1.33    1.39    1.45     1.33     1.32
    
          TOTAL             29.81   28.16   32.18   31.74    34.97    34.72
    
    IMPORTS
        EUROPEAN UNION      15.17   13.11   16.05   14.22    14.70    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     2.64     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    0.24    0.25     0.33     0.33
        FSU-12               0.23    0.10    0.10    0.07     0.06     0.05
         RUSSIA              0.17    0.07    0.04    0.03     0.04     0.01
         UKRAINE             0.06    0.03    0.02    0.02     0.02     0.02
        CHINA                0.15    0.13    0.16    0.80     1.90     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    2.65     2.57     2.37
        INDONESIA            0.53    0.71    0.62    0.70     0.75     0.75
        MEXICO               2.14    2.20    1.87    2.40     2.75     2.75
        BRAZIL               0.38    0.11    1.20    0.80     0.80     0.80
        OTHER                2.93    2.94    3.36    3.64     4.02     4.16
    
          TOTAL             30.42   28.37   32.81   32.10    34.52    34.45

    CRUSH
        UNITED STATES       34.81   34.72   38.24   37.27    38.65    38.65
        LATIN AMERICA       28.44   31.90   33.49   36.60    36.92    36.93
         BRAZIL             15.55   18.44   20.19   21.55    20.50    20.50
         ARGENTINA           8.49    8.77    8.69   10.20    10.85    10.85
         MEXICO              2.67    2.64    2.33    2.44     2.87     2.80
        EUROPEAN UNION      14.09   12.24   14.43   13.49    13.85    13.85
        OTHER W EUROPE       0.10    0.28    0.39    0.38     0.38     0.38
        FSU-12               0.58    0.53    0.43    0.34     0.43     0.42
        EASTERN EUROPE       0.53    0.42    0.41    0.44     0.55     0.56
        ASIA                15.85   19.56   19.67   20.51    20.83    20.67
         JAPAN               3.79    3.70    3.76    3.70     3.75     3.75
         CHINA               4.49    7.61    8.09    7.45     8.30     8.30
         TAIWAN              2.32    2.24    2.34    2.36     2.27     2.07
        OTHER                2.36    2.42    2.87    2.99     3.21     3.21

           TOTAL             96.75  102.06  109.93  112.01   114.82   114.68
    
    ENDING STOCKS
        UNITED STATES        7.96    5.69    9.11    4.99     3.80     3.40
        BRAZIL               6.12    5.46    7.10    5.15     5.50     5.50
        ARGENTINA            3.70    3.80    4.77    4.73     4.88     4.73
        OTHER                2.49    2.43    2.65    2.42     2.26     2.23
    
          TOTAL             20.26   17.38   23.63   17.29    16.44    15.86
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: APRIL 1997
    
    
    
                                     TABLE 7
                   SOYBEAN MEAL: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAR.     APR.
                          1992/93 1993/94 1994/95 1995/96  1995/96  1996/97
    PRODUCTION
        UNITED STATES       27.55   27.68   30.18   29.51    30.41    30.43
        LATIN AMERICA       22.46   25.24   26.55   29.11    29.32    29.33
         BRAZIL             12.17   14.50   15.87   16.94    16.19    16.19
         ARGENTINA           6.86    7.09    7.02    8.28     8.71     8.71
         MEXICO              2.08    2.06    1.86    1.95     2.29     2.24
        EUROPEAN UNION      10.98    9.85   11.49   10.75    11.06    11.05
        OTHER W EUROPE       0.08    0.22    0.30    0.29     0.29     0.29
        EASTERN EUROPE       0.42    0.33    0.33    0.35     0.44     0.45
        FSU-12               0.47    0.43    0.51    0.26     0.34     0.34
        ASIA                12.56   15.55   15.58   16.32    16.54    16.42
         JAPAN               2.94    2.85    2.88    2.87     2.87     2.87
         CHINA               3.63    6.16    6.55    6.04     6.72     6.72
         TAIWAN              1.78    1.75    1.80    1.84     1.77     1.61
         INDIA               2.25    2.88    2.20    3.20     2.82     2.82
         OTHER               1.87    1.91    2.25    2.36     2.53     2.53
    
          TOTAL             76.38   81.21   87.19   88.94    90.92    90.83
    
    EXPORTS
        UNITED STATES        5.65    4.86    6.09    5.45     6.03     6.03
        BRAZIL               8.17   10.31   10.83   11.78    10.80    10.80
        ARGENTINA            6.54    6.76    6.73    8.25     8.50     8.50
        EUROPEAN UNION       4.04    3.85    3.67    3.56     3.50     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    32.63    32.63
    
    IMPORTS
        EUROPEAN UNION      15.49   16.47   16.80   16.42    15.44    15.21
         FRANCE              3.50    3.80    3.79    3.34     3.33     3.33
         GERMANY             2.22    2.12    1.99    1.90     1.70     1.70
         NETHERLANDS         1.40    1.37    1.78    1.70     1.60     1.60
         ITALY               1.62    1.75    1.90    1.90     1.80     1.74
        EASTERN EUROPE       1.57    1.61    2.00    1.92     1.88     1.88
        FSU-12               1.45    0.57    0.52    0.28     0.35     0.21
         RUSSIA              1.10    0.20    0.21    0.03     0.10     0.06
         UKRAINE             0.30    0.25    0.23    0.25     0.25     0.15
        ASIA & OCEANIA       4.16    4.58    5.29    6.54     7.95     8.19
        CHINA                0.04    0.00    0.05    0.93     2.10     2.30
        MID-EAST/N AFR       2.20    2.69    3.01    3.37     3.24     3.37
        LATIN AMERICA        1.96    2.28    2.38    2.57     2.73     2.73
        OTHER                0.97    1.01    1.18    1.12     1.04     1.04
    
          TOTAL             27.87   29.26   31.22   32.27    32.67    32.67
    
    CONSUMPTION
        UNITED STATES       22.00   22.94   24.08   24.14    24.50    24.50
        LATIN AMERICA        8.86    9.66   10.61   11.07    11.70    11.71
         BRAZIL              3.92    4.19    5.10    5.30     5.40     5.40
         ARGENTINA           0.16    0.25    0.31    0.28     0.28     0.28
         MEXICO              2.48    2.41    2.22    2.25     2.59     2.54
        EUROPEAN UNION      22.24   22.68   24.42   23.62    22.98    22.75
         FRANCE              3.81    4.03    4.30    3.79     3.79     3.79
         GERMANY             3.49    3.37    3.37    3.27     3.17     3.17
         NETHERLANDS         2.51    2.52    3.11    2.94     2.92     2.92
         ITALY               3.15    3.16    3.24    3.20     3.17     3.10
         SPAIN               3.32    3.30    3.50    3.51     3.24     3.24
        OTHER W EUROPE       0.17    0.15    0.17    0.17     0.17     0.17
        FSU-12               1.91    1.00    1.03    0.55     0.69     0.55
        EASTERN EUROPE       1.98    1.93    2.27    2.22     2.25     2.26
         POLAND              0.54    0.55    0.71    0.60     0.64     0.64
        ASIA & OCEANIA      14.13   16.92   17.90   20.30    22.28    22.40
         JAPAN               3.79    3.73    3.70    3.55     3.60     3.60
         CHINA               3.27    5.11    5.33    6.87     8.72     8.92
         TAIWAN              1.94    1.88    1.86    1.86     1.80     1.64
         KOREA, REP OF       1.45    1.49    1.77    1.84     1.84     1.84
        MID-EAST/N AFR       2.85    3.39    3.95    4.27     4.23     4.35
        OTHER                1.93    2.01    2.30    2.36     2.35     2.35
    
          TOTAL             76.07   80.67   86.73   88.70    91.15    91.04
    
    ENDING STOCKS
        UNITED STATES        0.19    0.14    0.20    0.19     0.18     0.18
        BRAZIL               0.60    0.61    0.54    0.40     0.39     0.39
        ARGENTINA            0.48    0.56    0.54    0.30     0.23     0.23
        OTHER                2.46    2.27    2.67    2.65     2.58     2.58
    
          TOTAL              3.73    3.57    3.95    3.54     3.38     3.37
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: APRIL 1997
    
    
    
                                     TABLE 8
                   SOYBEAN OIL: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAR.     APR.
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
    PRODUCTION
        UNITED STATES        6.25    6.33    7.08    6.91     7.01     7.01
        LATIN AMERICA        5.12    5.81    6.10    6.65     6.70     6.69
         BRAZIL              2.91    3.47    3.80    4.03     3.85     3.85
         ARGENTINA           1.44    1.52    1.50    1.76     1.86     1.86
         MEXICO              0.45    0.45    0.40    0.42     0.48     0.48
        EUROPEAN UNION       2.54    2.24    2.58    2.42     2.49     2.49
        OTHER W EUROPE       0.02    0.05    0.07    0.07     0.07     0.07
        FSU-12               0.08    0.08    0.06    0.05     0.07     0.07
        EASTERN EUROPE       0.09    0.07    0.07    0.07     0.10     0.10
        ASIA                 2.70    3.26    3.25    3.45     3.46     3.46
          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     0.35     0.35
          INDIA              0.50    0.65    0.50    0.70     0.63     0.63
        OTHER                0.39    0.42    0.49    0.51     0.55     0.55
    
          TOTAL             17.20   18.25   19.71   20.14    20.47    20.43
    
    EXPORTS
        UNITED STATES        0.64    0.69    1.22    0.45     0.84     0.82
        BRAZIL               0.69    1.35    1.55    1.63     1.45     1.45
        ARGENTINA            1.45    1.45    1.50    1.55     1.80     1.80
        EUROPEAN UNION       1.06    0.91    1.29    1.14     1.13     1.13
        OTHER                0.37    0.46    0.52    0.58     0.67     0.67
    
          TOTAL              4.21    4.85    6.08    5.35     5.89     5.86
    
    IMPORTS
        UNITED STATES        0.01    0.03    0.01    0.04     0.03     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     0.07
        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     1.50
        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    0.98     1.19     1.17
          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    0.10     0.15     0.13
          TUNISIA            0.12    0.11    0.14    0.09     0.10     0.10
        LATIN AMERICA        0.78    0.93    0.99    0.81     0.92     0.92
          BRAZIL             0.14    0.24    0.18    0.10     0.18     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     1.01     1.02
    
          TOTAL              3.90    4.74    6.11    5.20     5.78     5.71
    
    CONSUMPTION
        UNITED STATES        5.92    5.87    5.86    6.11     6.26     6.28
        LATIN AMERICA        3.62    3.73    3.97    3.95     4.16     4.15
          BRAZIL             2.28    2.32    2.47    2.53     2.60     2.60
          ARGENTINA          0.07    0.07    0.08    0.08     0.09     0.09
          MEXICO             0.53    0.52    0.45    0.45     0.54     0.52
        EUROPEAN UNION       2.00    1.85    1.92    1.96     1.99     1.99
        OTHER W EUROPE       0.07    0.06    0.07    0.07     0.07     0.07
        FSU-12               0.15    0.16    0.10    0.10     0.14     0.13
        EASTERN EUROPE       0.22    0.20    0.19    0.18     0.21     0.21
        ASIA                 3.43    4.49    5.22    5.52     5.62     5.55
         JAPAN               0.69    0.67    0.68    0.67     0.68     0.68
         CHINA               0.77    1.76    2.53    2.61     2.68     2.63
         TAIWAN              0.38    0.39    0.39    0.40     0.39     0.36
         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    1.20     1.41     1.39
         IRAN                0.45    0.52    0.52    0.36     0.40     0.40
         MOROCCO             0.18    0.18    0.16    0.12     0.19     0.19
         TURKEY              0.22    0.18    0.19    0.15     0.19     0.17
        OTHER                0.51    0.50    0.59    0.58     0.63     0.63
    
          TOTAL             17.22   18.41   19.45   19.68    20.49    20.41
    
    ENDING STOCKS
        UNITED STATES        0.71    0.50    0.52    0.91     0.86     0.86
        BRAZIL               0.32    0.35    0.31    0.28     0.25     0.25
        ARGENTINA            0.21    0.21    0.13    0.26     0.23     0.23
        OTHER                0.82    0.71    1.10    0.92     0.89     0.89
    
          TOTAL              2.05    1.77    2.05    2.36     2.23     2.23
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: APRIL 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  24,358   5,445   6,033      450      816
      BRAZIL                3,300   5,200  11,778  10,800    1,630    1,450
      ARGENTINA             2,000   1,900   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                 1,322   1,199   3,383   3,212      458      536
    
        WORLD TOTAL        31,738  34,724  32,919  32,627    5,350    5,864
    
    SELECTED IMPORTERS
      EUROPEAN UNION       14,219  14,695  16,415  15,211      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   1,738       20       15
        BEL-LUX             1,213   1,212   1,050     983       62       60
        PORTUGAL              650     620     160     150        6        7
        FRANCE                590     750   3,340   3,325       59       70
        U.K.                  639     615   1,650   1,550      165      132
        DENMARK                70      73   1,568   1,400       40       40
      OTHER W EUROPE          380     375      63      48        7        7
      FSU-12                   68      45     284     210       48       66
       RUSSIA                  31       5      34      60       23       25
       UKRAINE                 20      20     250     150       25       38
      EASTERN EUROPE          252     332   1,915   1,880      111      114
        POLAND                 10      60     580     600       80       82
        HUNGARY                10      10     470     450        0        0
      ASIA                 11,755  12,861   6,182   7,805    2,261    2,447
        JAPAN               4,800   4,860     700     750       10        7
        TAIWAN              2,646   2,374      28      30        4       18
        KOREA, REP OF       1,400   1,400   1,000     900       35       35
        INDONESIA             700     750     950   1,025        9       10
        PHILIPPINES           160     160     900     965       16       18
        INDIA                   0       0       0       0       60      110
        PAKISTAN               11      42     105     110      150      160
      MID-EAST/N AFR          899   1,073   3,365   3,369      981    1,168
        ISRAEL                440     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                39      60      52      80      116      180
        TUNISIA                 0       0     170     190       90      100
        ALGERIA                 0       0     370     350      110      120
        TURKEY                180     225     300     375      100      125
      LATIN AMERICA         4,535   4,318   2,568   2,728      855      896
        MEXICO              2,401   2,750     300     300       50       70
        VENEZUELA             204     300     530     550      100      100
      CANADA                   70     100     716     650       43       30
      OTHER                   426     446     761     767      321      342
    
        WORLD TOTAL        32,104  34,445  32,269  32,668    5,204    5,709
    
    DATE: APRIL 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   1,927    2,557    2,181
    TOTAL CONSUM            MY      2,798   2,488   2,271    2,689    2,501
    TOTAL IMPORTS           MY        730     720     755      837      675
      PALM OIL          (OCT-SEP)     100      83     121      132      133
      SUNFLOWERSEED OIL (SEP-AUG)     220     248     317      387      229
      SOYBEAN OIL       (OCT-SEP)      68      80      47       48       66
    PAKISTAN
    TOTAL PROD              MY        404     324     343      433      399
    TOTAL CONSUM            MY      1,591   1,607   1,706    1,741    1,799
    TOTAL IMPORTS           MY      1,141   1,236   1,381    1,307    1,397
      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     109       74       81
    TOTAL CONSUM            MY        328     307     337      325      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      164      170
    TOTAL CONSUM            MY        376     433     505      422      418
    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    6,399
    TOTAL CONSUM            MY      5,748   7,287   9,521    9,158    9,353
    TOTAL IMPORTS           MY      1,115   2,487   4,431    2,811    3,432
      PALM OIL          (OCT-SEP)     800   1,420   1,667    1,006    1,500
      SOYBEAN OIL       (OCT-SEP)     100     640   1,702    1,445    1,500
      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  14,994   16,634   16,203
    TOTAL CONSUM            MY     19,362  21,411  24,780   25,188   25,765
    TOTAL IMPORTS           MY      5,666   7,869  11,096    9,528   10,399
      PALM OIL              MY      2,490   3,789   4,380    4,216    4,766
      SOYBEAN OIL           MY      1,600   2,342   3,500    2,799    3,111
      SUNSEED OIL           MY        730     715   1,482    1,437    1,504
      RAPESEED OIL          MY        394     571   1,144      613      538
    
    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: APRIL 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   42,572    6,051
      1996/97(96)          32,570  74,932     461  24,992   43,607    4,604
    
    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)           -      32,297   1,048   5,686     -         253
      1996/97(96)           -      33,048   1,081   6,224     -         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)           -       8,239   1,289   1,047     -       1,198
      1996/97(96)           -       8,233   1,427   1,404     -       1,179
    
    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: APRIL 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   37,273    4,993
      1996/97(96)          25,661  64,837     136  24,358   38,646    3,402
    
    
    
    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)           -      29,508      68   5,445     -         193
      1996/97(96)           -      30,425      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)           -       6,913      43     450     -         914
      1996/97(96)           -       7,013      34     816     -         862
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: APRIL 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: APRIL 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  13,250       0   1,750   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: APRIL 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: APRIL 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   8,295    7,208
      SUNFLOWERSEED         4,056   3,506   4,026   3,236    3,940
      SOYBEANS              1,274     807   1,029     939    1,075
      OTHER                   540     594     647     718      636
    
          TOTAL            12,425  11,501  12,687  13,188   12,859
    
    PROTEIN MEAL CONSUMPTION 1/
      SOYBEAN              22,244  22,683  24,424  23,615   22,751
      SUNFLOWERSEED         3,503   3,761   4,284   4,203    4,862
      RAPESEED              4,322   4,345   5,070   4,943    4,810
      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  37,596   37,286
        TOTAL SME 4/       36,545  37,341  39,987  38,990   38,610
    
    OIL CONSUMPTION 1/
      SOYBEAN               1,997   1,848   1,920   1,955    1,993
      OLIVE                 1,328   1,343   1,344   1,306    1,378
      SUNFLOWERSEED         1,803   1,746   1,818   1,825    1,775
      RAPESEED              1,718   1,666   2,017   2,106    2,028
      OTHER                 3,035   3,277   3,369   3,305    3,274
    
        TOTAL               9,881   9,880  10,468  10,497   10,448
    
    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   12,468
      SUNFLOWERSEED           812   1,457   1,611   2,033    1,744
    
    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     897      725
    
    
    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 REPORTS FOREIGN AGRICULTURE SERVICE
             OFFICIAL STATISTICS           COTTON, OILSEEDS, TOBACCO
             USDA ESTIMATES                  and SEEDS DIVISION
    DATE: APRIL 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     452     229      325
      SUNFLOWERSEED         1,106     765     610     820      692
      RAPESEED                 46      30      39      32       35
      FISH                    482     485     488     488      487
      OTHER                     5       0       0       0        0
    
        TOTAL 1/            3,074   1,820   1,589   1,569    1,539
        TOTAL SME 2/        3,214   1,984   1,761   1,731    1,707
    
    OIL CONSUMPTION
      SOYBEAN                  90     100      61      60       70
      COTTONSEED              127     108     120     100      105
      SUNFLOWERSEED           970     830     830   1,006      915
      RAPESEED                 72      56      30      45       15
      FISH                     61      61      61      61       61
      OTHER                   103      54      60      64       65
    
        TOTAL 1/            1,423   1,209   1,162   1,336    1,231
    
    IMPORTS 3/
      SOYBEANS                167      68      35      31        5
      SOYBEAN MEAL          1,095     200     205      34       60
      SUNFLOWERSEED OIL       105     146     206     277      125
      COTTONSEED OIL          127     108     120     100      105
    
    EXPORTS 3/
      SUNFLOWERSEED            76     450     533   1,266    1,300
      SOYBEANS                  5      17      56      48       50
      SUNFLOWERSEED OIL        10      40      21      25       30
      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 REPORTS FOREIGN AGRICULTURAL SERV
             OFFICIAL STATISTICS           COTTON, OILSEEDS, TOBACCO
             USDA ESTIMATES                  and SEEDS DIVISION
    DATE: APRIL 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    7,560
      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   40,410
    
    PROTEIN MEAL CONSUMPTION
      SOYBEAN               3,274   5,110   5,329   6,867    8,923
      COTTONSEED            1,966   2,088   2,513   2,854    2,414
      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   19,551
        TOTAL SME 2/        9,901  12,271  14,417  16,967   18,346
    
    OIL CONSUMPTION
      SOYBEAN                 770   1,763   2,527   2,611    2,631
      COTTONSEED              869     775     897     995      867
      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    9,353
    
    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    1,500
      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 REPORTS FOREIGN AGRICULTURAL SERV
             OFFICIAL STATISTICS           COTTON, OILSEEDS, TOBACCO
             USDA ESTIMATES                  and SEEDS DIVISION
    DATE: APRIL 1997


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Last modified: Tuesday, September 14, 2004