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May 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-326), May 12, 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 June 13, 1997.
Summary
U.S. oilseed production in 1997/98 is projected at a record 80.8 million tons, up 8 percent. Record soybean production of 70.8 million tons, or 2.6 billion bushels, accounts for nearly all of the increase. Planted soybean area is up 4.6 million acres from last year and the highest since 1982/83. A projected soybean yield of 38.5 bushels per acre would be second only to the 41.4 bushels per acre in 1994/95. Projected U.S. soybean supply for 1997/98 is up 6 percent, reflecting the smallest carryin stocks since the early 1970's. Soybean crush is forecast to show another strong gain as domestic soybean meal use is forecast to rise 3.5 percent. Ending soybean stocks are projected to rebound to 7.1 million tons or 260 million bushels.
U.S. soybean and soybean meal exports are projected to drop slightly in 1997/98 to 24.2 million tons and 6.0 million tons, respectively, while soybean oil exports are forecast to increase to 862,000 tons. An increase in foreign oilseed production is likely to outweigh modest gains in foreign demand thereby reducing U.S. and world oilseed and meal prices and U.S. export demand. Foreign soybean meal consumption should show strong gains in Asia and Latin America, but stagnant demand in most of Europe, the former FSU countries, and Japan, will constrain overall growth. U.S. soybean oil exports will be helped by strong growth in global vegetable oil use and by low foreign vegetable oil inventories.
U.S. soybean and soybean meal prices are projected to drop in 1997/98, weighed down by the projected gain in world oilseed production and world oilseed supplies. Soybean prices are projected at $5.50 to $7.00 per bushel, soybean meal prices are projected at $190 to $225 per short ton, and soybean oil prices are likely to range between 22.0 and 26.0 cents per pound. Price forecasts for 1996/97 were narrowed to point estimates this month. Soybean prices are expected to average $7.35 per bushel this year while soybean meal and oil prices are expected to average $262 per short ton and 23.5 cents per pound, respectively.
Tight 1996/97 world oilseed and product inventories are even tighter this month as South American soybean and sunflowerseed crops are cut by about 1.8 million tons, offset only partly by an upward revision to 13.5 million tons for China's soybean crop. Brazil's soybean crop was lowered 0.5 million tons to 26.5 million tons, still a record. Argentina's soybean crop at 12.4 million tons is down 0.85 million from last month while soybean crop estimates for Paraguay and Bolivia were reduced slightly this month.
Soybeans
World soybean production in 1996/97 is forecast at 132.5 million tons, down 1.2 million tons this month reflecting a 1.6-million-ton drop in South America's output and a 500,000-ton increase in China's production forecast. Drought in South America is expected to lower yields and reduce output below earlier estimates for all the major producing countries including: Argentina (down 850,000 tons), Brazil (down 500,000 tons), Paraguay (down 100,000 tons), and Bolivia (down 175,000 tons).
World soybean exports at 34.9 million tons reflect an increase of 1.3 million tons in Brazil's soybean export forecast and a 950,000-ton reduction in Argentina's export forecast. High world soybean prices and the elimination of Brazil's export taxes on soybeans and products has promoted stronger soybean exports at the expense of meal and oil. Argentina's soybean exports were lowered mirroring the reduced output forecast this month.
Global soybean imports are raised reflecting demand growth in Indonesia and Korea. Trade data for Korea for the first half of the marketing year show imports 6 percent above last year for the same period. Korea's import forecast was raised 100,000 tons this month to 1.5 million tons. Indonesia's imports of food use soybeans support an overall record import level of 800,000 tons. World soybean ending stocks in 1996/97 are reduced to 14.2 million tons due to lower Brazilian and Argentine soybean ending stock forecasts reflecting this month's lower output estimates.
The global soybean meal trade situation features an increased export forecast for India and the United States. On the import side, China continues to overshadow the month to month changes with an import estimate of 2.5 million tons, up 200,000 tons based on reports of sales from South America for near term delivery. However, firm world soybean meal prices have slowed buying by the Ukraine in the first half of the marketing year and support a reduced import forecast of 100,000 tons, down 50,000 tons from last month.
Global soybean oil exports at 5.9 million tons are up slightly reflecting a minor adjustment in Brazil's export forecast. World soybean oil imports are lowered this month due to a reduced U.S. import forecast. Global soybean oil carry over stocks are below last month's level reflecting the higher U.S. soybean oil consumption forecast this month.
Other Oilseeds
World oilseed production, excluding soybeans, was reduced 485,000 tons in May to 125.3 million tons. Reduced cottonseed, peanut, and sunflowerseed production forecasts for Argentina, where dry weather has hurt yields, and a lower cottonseed production estimate for the United States accounted for most of the adjustment this month. World oilseed exports, excluding soybeans, were reduced 386,000 tons to 10.5 million tons this month primarily due to a reduction in sunflowerseed exports by Russia and Argentina. Russia's monthly trade statistics showed a marked decline in sunflowerseed exports since January as local sunflowerseed supplies became short. For the September to January period, Russia exported close to 1 million tons of sunflowerseed. Argentina's sunflowerseed export forecast was reduced 100,000 tons this month in response to a lowering of the sunflowerseed production forecast. The world peanut export forecast for 1996/97 was also reduced in May as a lower Argentine peanut production forecast resulted in a reduction in forecast exports.
World oilseed crush, excluding soybeans, was reduced 239,000 tons to 101.9 million tons this month as both cottonseed and sunflowerseed crush forecasts were lowered. Forecast 1996/97 world cottonseed crush was reduced 78,000 tons, mostly in Argentina and Paraguay. The sunflowerseed crush forecast was lowered 234,000 tons as forecast crush was reduced in Argentina and the European Union. World oilseed ending stocks, excluding soybeans, are forecast at 3.3 million tons, down 47,000 tons from last month. Lower sunflowerseed stocks in Argentina, and lower cottonseed stocks forecast for Argentina and the United States accounted for most of the change this month.
With the reduction in crush, forecasts of world meal and oil production, excluding soybean meal and oil, were also reduced. Production of protein meal, excluding soybean meal, is forecast at 56.4 million tons, down 190,000 tons from last month. Production declines reflect reductions in cottonseed crush in South America and lower sunflowerseed crush in the European Union. A similar situation exists with world vegetable oil, down 104,000 tons to 52.7 million tons this month. Much of the decline in meal and oil production is expected to impact local consumption with only small declines in protein meal and cottonseed oil trade. However, forecast 1996/97 sunflowerseed oil exports were reduced 97,000 tons in May in response to lower export forecasts for Argentina and the European Union.
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 117.34 117.75 137.63 124.55 133.69 132.52
COTTONSEED 31.59 29.48 32.88 35.41 34.21 34.05
PEANUT 23.11 24.00 26.44 26.19 26.24 26.14
SUNFLOWERSEED 21.28 20.74 23.37 25.77 24.14 23.92
RAPESEED 25.31 26.71 30.29 34.59 30.56 30.55
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 227.53 227.88 260.70 256.41 259.46 257.80
EXPORTS
SOYBEAN 29.81 28.16 32.12 31.98 34.72 34.90
COTTONSEED 0.91 0.91 1.03 0.92 0.79 0.78
PEANUT 1.34 1.45 1.51 1.54 1.50 1.43
SUNFLOWERSEED 1.87 2.57 3.19 3.67 3.19 2.89
RAPESEED 4.02 5.28 5.85 5.62 5.13 5.12
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 38.67 43.97 43.98 45.58 45.37
IMPORTS
SOYBEAN 30.42 28.37 32.81 32.13 34.45 34.84
COTTONSEED 0.91 0.89 1.04 0.90 0.79 0.78
PEANUT 1.32 1.44 1.53 1.52 1.48 1.48
SUNFLOWERSEED 1.97 2.51 3.14 3.55 3.18 2.87
RAPESEED 4.01 5.20 5.91 5.43 5.16 5.18
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 44.72 43.81 45.35 45.44
CRUSH
SOYBEAN 96.75 102.06 109.83 112.08 114.68 114.72
COTTONSEED 24.96 22.98 25.26 28.00 26.42 26.35
PEANUT 12.53 12.83 14.39 14.11 14.41 14.46
SUNFLOWERSEED 18.63 17.95 20.55 22.45 22.21 21.97
RAPESEED 22.78 24.32 27.15 30.28 28.55 28.58
COPRA 4.90 4.95 5.50 4.94 5.37 5.37
PALM KERNEL 3.89 4.26 4.51 4.93 5.22 5.22
TOTAL 184.44 189.36 207.19 216.78 216.87 216.67
ENDING STOCKS
SOYBEAN 20.27 17.34 23.70 16.74 15.86 14.17
COTTONSEED 0.46 0.53 0.63 0.65 0.71 0.65
PEANUT 0.83 0.61 0.75 0.68 0.49 0.53
SUNFLOWERSEED 0.63 0.79 0.94 1.56 1.01 0.99
RAPESEED 1.14 0.80 0.97 1.81 0.91 0.92
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 23.64 20.30 27.24 21.68 19.23 17.50
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
DATE: MAY 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 76.45 81.27 87.17 89.15 90.83 91.01
COTTONSEED 11.46 10.67 11.74 12.95 12.23 12.17
RAPESEED 14.00 14.81 16.49 18.37 17.42 17.43
SUNFLOWERSEED 8.61 8.36 9.50 10.05 10.18 10.01
FISH 5.90 6.35 6.59 6.73 6.33 6.33
PEANUT 5.11 5.24 5.87 5.74 5.87 5.89
COPRA 1.64 1.68 1.88 1.70 1.83 1.83
PALM KERNEL 2.04 2.25 2.39 2.60 2.75 2.75
TOTAL 125.20 130.63 141.64 147.27 147.44 147.43
EXPORTS
SOYBEAN 27.55 29.95 30.92 33.61 32.63 32.74
COTTONSEED 1.46 1.13 1.10 1.17 1.15 1.15
RAPESEED 3.21 3.36 3.55 4.08 3.58 3.58
SUNFLOWERSEED 1.80 2.14 2.80 2.72 2.88 2.82
FISH 3.45 4.11 4.14 4.02 4.13 4.13
PEANUT 0.65 0.85 0.63 0.62 0.61 0.63
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 40.97 44.45 46.48 49.43 48.40 48.48
IMPORTS
SOYBEAN 27.87 29.26 31.22 32.42 32.67 32.87
COTTONSEED 1.45 1.14 1.04 1.09 1.11 1.11
RAPESEED 3.31 3.43 3.81 3.75 3.57 3.55
SUNFLOWERSEED 1.84 2.14 2.68 2.54 2.85 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 47.55 47.79 47.97
CONSUMPTION
SOYBEAN 76.15 80.72 86.88 88.75 91.04 91.31
COTTONSEED 11.42 10.70 11.69 12.85 12.20 12.13
RAPESEED 14.08 14.89 16.62 17.96 17.59 17.59
SUNFLOWERSEED 8.62 8.41 9.28 9.78 10.23 10.14
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 125.11 130.01 141.01 145.82 147.54 147.65
ENDING STOCKS
SOYBEAN 3.76 3.62 4.22 3.42 3.37 3.25
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 0.25 0.21 0.30 0.39 0.40 0.30
FISH 0.63 0.60 0.90 1.10 0.79 0.79
PEANUT 0.08 0.07 0.03 0.04 0.03 0.04
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 5.72 5.53 6.55 6.12 5.60 5.38
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
DATE: MAY 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 17.22 18.25 19.70 20.16 20.43 20.42
PALM 13.04 13.74 14.89 15.76 16.69 16.69
SUNFLOWERSEED 7.37 7.08 8.20 8.93 8.77 8.66
RAPESEED 8.40 9.04 10.09 11.17 10.49 10.50
COTTONSEED 3.67 3.38 3.73 4.07 3.88 3.87
PEANUT 3.60 3.62 4.03 3.96 4.05 4.07
COCONUT 3.10 3.09 3.43 3.07 3.33 3.33
OLIVE 1.80 1.76 1.77 1.59 2.08 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 2.28 2.28
TOTAL 61.12 63.08 69.35 72.32 73.26 73.14
EXPORTS
SOYBEAN 4.21 4.85 5.92 5.33 5.86 5.90
PALM 1/ 8.66 9.93 9.71 9.92 10.65 10.65
SUNFLOWERSEED 2.15 2.33 3.45 3.23 3.13 3.04
RAPESEED 1.63 2.23 2.64 2.44 2.21 2.21
COTTONSEED 0.50 0.50 0.59 0.54 0.50 0.51
PEANUT 0.22 0.29 0.24 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 0.79 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 1.04 1.04
TOTAL 21.26 24.09 27.04 25.85 26.95 26.90
IMPORTS
SOYBEAN 3.90 4.74 6.11 5.20 5.71 5.70
PALM 1/ 8.30 9.68 9.65 9.82 10.44 10.46
SUNFLOWERSEED 2.13 2.37 3.32 3.21 3.12 3.06
RAPESEED 1.72 2.21 2.77 2.38 2.22 2.21
COTTONSEED 0.45 0.46 0.54 0.51 0.53 0.49
PEANUT 0.30 0.30 0.29 0.29 0.28 0.24
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 0.79
TOTAL 20.42 23.60 26.96 25.16 26.18 26.05
CONSUMPTION
SOYBEAN 17.23 18.42 17.53 19.70 20.41 20.48
PALM 12.39 13.95 14.74 15.40 16.48 16.49
SUNFLOWERSEED 7.56 7.23 8.05 8.70 8.89 8.86
RAPESEED 8.56 9.02 10.36 11.00 10.54 10.54
COTTONSEED 3.65 3.32 3.68 4.03 3.92 3.86
PEANUT 3.69 3.65 4.07 3.98 4.08 4.05
COCONUT 2.82 2.92 3.37 3.05 3.15 3.15
OLIVE 1.89 1.88 1.88 1.78 1.89 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 2.02 2.03
TOTAL 60.67 63.53 66.98 70.89 72.66 72.62
ENDING STOCKS
SOYBEAN 2.01 1.72 2.14 2.48 2.23 2.22
PALM 1.72 1.25 1.33 1.59 1.59 1.60
SUNFLOWERSEED 0.82 0.72 0.74 0.95 0.90 0.78
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 0.06 0.06
COCONUT 0.25 0.31 0.30 0.22 0.24 0.24
OLIVE 0.98 0.87 0.79 0.63 0.78 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 0.22 0.22
TOTAL 6.80 5.86 6.21 6.96 6.74 6.62
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
1/ PALM OIL TRADE EXCLUDES TRANSSHIPMENTS THROUGH SINGAPORE
DATE: MAY 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 117.34 117.75 137.63 124.55 133.69 132.52
COTTONSEED 31.59 29.48 32.88 35.41 34.21 34.05
PEANUT 23.11 24.00 26.44 26.19 26.24 26.14
SUNFLOWERSEED 21.28 20.74 23.37 25.77 24.14 23.92
RAPESEED 25.31 26.71 30.29 34.59 30.56 30.55
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 227.53 227.88 260.70 256.41 259.46 257.80
PROTEIN MEALS:
SOYBEAN 76.45 81.27 87.17 89.15 90.83 91.01
COTTONSEED 11.46 10.67 11.74 12.95 12.23 12.17
PEANUT 5.11 5.24 5.87 5.74 5.87 5.89
SUNFLOWERSEED 8.61 8.36 9.50 10.05 10.18 10.01
RAPESEED 14.00 14.81 16.49 18.37 17.42 17.43
COPRA 1.64 1.68 1.88 1.70 1.83 1.83
PALM KERNEL 2.04 2.25 2.39 2.60 2.75 2.75
FISH 5.90 6.35 6.59 6.73 6.33 6.33
TOTAL 125.20 130.63 141.64 147.27 147.44 147.43
44% PROTEIN MEAL EQUIVALENT 2/:
SOYBEAN 76.45 81.27 87.17 89.15 90.83 91.01
COTTONSEED 9.29 8.64 9.52 10.49 9.91 9.86
PEANUT 5.74 5.88 6.60 6.45 6.60 6.62
SUNFLOWERSEED 8.12 7.90 8.97 9.48 9.61 9.45
RAPESEED 9.96 10.54 11.73 13.07 12.39 12.40
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 119.56 124.96 135.22 140.06 140.29 140.30
FATS & OILS
EDIBLE VEGETABLE:
SOYBEAN 17.22 18.25 19.70 20.16 20.43 20.42
COTTONSEED 3.67 3.38 3.73 4.07 3.88 3.87
PEANUT 3.60 3.62 4.03 3.96 4.05 4.07
SUNFLOWERSEED 7.37 7.08 8.20 8.93 8.77 8.66
RAPESEED 8.40 9.04 10.09 11.17 10.49 10.50
OLIVE 1.80 1.76 1.77 1.59 2.08 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 2.28 2.28
PALM 13.04 13.74 14.89 15.76 16.69 16.69
TOTAL 59.93 61.83 67.83 70.88 72.00 71.89
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) 73.02 74.90 81.34 84.62 85.55 85.43
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: MAY 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 3/ AREA 2/ PROD 3/ AREA 2/ PROD 3/
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 26.50
CHINA 8.10 12.46 8.13 13.50 7.80 13.50
ARGENTINA 5.11 11.78 5.98 12.43 6.20 12.40
EUROPEAN UNION 4/ 0.46 1.35 0.29 0.94 0.32 1.08
PARAGUAY 0.98 1.67 1.10 2.40 1.20 2.60
OTHER 8.89 10.85 9.91 12.34 10.22 11.61
TOTAL 57.73 116.84 61.29 124.55 63.20 132.52
COTTONSEED
CHINA 5.90 7.87 5.42 8.44 4.80 7.56
UNITED STATES 5.01 6.00 6.48 6.21 5.21 6.48
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 8.27 8.31
TOTAL 32.58 32.78 35.78 35.41 33.64 34.05
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 1.66
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 0.15 0.24 0.24 0.46 0.28 0.30
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 19.49 23.47 19.60 26.19 19.89 26.14
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 5.20
EASTERN EUROPE 1.54 2.33 1.93 2.72 2.11 3.09
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 4/ 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 23.92
RAPESEED
CHINA 5.74 7.30 6.91 9.78 6.67 9.06
EUROPEAN UNION 4/ 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 1.28
OTHER 1.33 1.22 1.74 1.63 1.66 1.66
TOTAL 20.25 27.14 24.13 34.59 21.51 30.55
TOTAL OILSEEDS 147.68 222.23 161.53 246.51 158.20 247.17
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
3/ IN MILLION METRIC TONS.
4/ INCLUDES THE STATISTICS FROM THE FORMER GER. DEM. REP.
DATE: MAY 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 26.50
ARGENTINA 11.35 12.40 12.50 12.43 13.25 12.40
CHINA 10.30 15.31 16.00 13.50 13.00 13.50
EUROPEAN UNION 1.27 0.81 1.03 0.94 1.08 1.08
PARAGUAY 1.75 1.80 2.20 2.40 2.70 2.60
OTHER 10.55 11.81 11.51 12.34 11.83 11.61
TOTAL 117.34 117.75 137.63 124.55 133.69 132.52
EXPORTS
UNITED STATES 20.94 16.03 22.81 23.17 24.36 24.36
BRAZIL 4.06 5.43 3.57 3.45 5.20 6.50
ARGENTINA 2.42 3.07 2.50 2.09 1.90 0.95
PARAGUAY 1.25 1.20 1.45 1.60 1.75 1.65
CHINA 0.30 1.10 0.39 0.22 0.20 0.20
OTHER 0.84 1.33 1.39 1.45 1.32 1.25
TOTAL 29.81 28.16 32.12 31.98 34.72 34.90
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 0.05 0.05
RUSSIA 0.17 0.07 0.04 0.03 0.01 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 1.50
TAIWAN 2.51 2.50 2.60 2.65 2.37 2.37
INDONESIA 0.53 0.71 0.62 0.72 0.75 0.80
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 3.65 4.16 4.46
TOTAL 30.42 28.37 32.81 32.13 34.45 34.84
CRUSH
UNITED STATES 34.81 34.72 38.24 37.27 38.65 38.78
LATIN AMERICA 28.44 31.90 33.39 36.70 36.93 36.55
BRAZIL 15.55 18.44 20.19 21.57 20.50 20.28
ARGENTINA 8.49 8.77 8.59 10.29 10.85 10.80
MEXICO 2.67 2.64 2.33 2.44 2.80 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 0.42 0.42
EASTERN EUROPE 0.53 0.42 0.41 0.44 0.56 0.57
ASIA 15.85 19.56 19.67 20.47 20.67 20.95
JAPAN 3.79 3.70 3.76 3.70 3.75 3.75
CHINA 4.49 7.61 8.09 7.45 8.30 8.50
TAIWAN 2.32 2.24 2.34 2.36 2.07 2.07
OTHER 2.36 2.42 2.87 2.99 3.21 3.21
TOTAL 96.75 102.06 109.83 112.08 114.68 114.72
ENDING STOCKS
UNITED STATES 7.96 5.69 9.11 4.99 3.40 3.40
BRAZIL 6.12 5.46 7.20 5.07 5.50 4.00
ARGENTINA 3.71 3.77 4.67 4.22 4.73 4.47
OTHER 2.49 2.43 2.72 2.46 2.23 2.31
TOTAL 20.27 17.34 23.70 16.74 15.86 14.17
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
DATE: MAY 1997
TABLE 7
SOYBEAN MEAL: 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 27.55 27.68 30.18 29.51 30.43 30.54
LATIN AMERICA 22.53 25.30 26.53 29.31 29.33 29.17
BRAZIL 12.17 14.50 15.87 17.04 16.19 16.02
ARGENTINA 6.92 7.15 7.00 8.38 8.71 8.80
MEXICO 2.08 2.06 1.86 1.95 2.24 2.24
EUROPEAN UNION 10.98 9.85 11.49 10.75 11.05 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 0.45 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 16.42 16.64
JAPAN 2.94 2.85 2.88 2.87 2.87 2.87
CHINA 3.63 6.16 6.55 6.04 6.72 6.89
TAIWAN 1.78 1.75 1.80 1.84 1.61 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 76.45 81.27 87.17 89.15 90.83 91.01
EXPORTS
UNITED STATES 5.65 4.86 6.09 5.45 6.03 6.12
BRAZIL 8.17 10.31 10.45 12.50 10.80 10.80
ARGENTINA 6.54 6.76 6.73 8.22 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 2.30
OTHER 0.74 0.92 1.13 1.29 1.50 1.42
TOTAL 27.55 29.95 30.92 33.61 32.63 32.74
IMPORTS
EUROPEAN UNION 15.49 16.47 16.80 16.42 15.21 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 1.74 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 0.21 0.16
RUSSIA 1.10 0.20 0.21 0.03 0.06 0.06
UKRAINE 0.30 0.25 0.23 0.25 0.15 0.10
ASIA & OCEANIA 4.16 4.58 5.29 6.54 8.19 8.39
CHINA 0.04 0.00 0.05 0.93 2.30 2.50
MID-EAST/N AFR 2.20 2.69 3.01 3.37 3.37 3.26
LATIN AMERICA 1.96 2.28 2.38 2.72 2.73 2.88
OTHER 0.97 1.01 1.18 1.12 1.04 1.04
TOTAL 27.87 29.26 31.22 32.42 32.67 32.87
CONSUMPTION
UNITED STATES 22.00 22.94 24.08 24.14 24.50 24.54
LATIN AMERICA 8.94 9.71 10.76 11.12 11.71 11.76
BRAZIL 3.92 4.19 5.20 5.20 5.40 5.40
ARGENTINA 0.24 0.30 0.36 0.38 0.28 0.38
MEXICO 2.48 2.41 2.22 2.30 2.54 2.49
EUROPEAN UNION 22.24 22.68 24.42 23.62 22.75 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 3.10 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 0.55 0.50
EASTERN EUROPE 1.98 1.93 2.27 2.22 2.26 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 22.40 22.73
JAPAN 3.79 3.73 3.70 3.55 3.60 3.60
CHINA 3.27 5.11 5.33 6.87 8.92 9.29
TAIWAN 1.94 1.88 1.86 1.86 1.64 1.64
KOREA, REP OF 1.45 1.49 1.77 1.84 1.84 1.90
MID-EAST/N AFR 2.85 3.39 3.95 4.27 4.35 4.25
OTHER 1.93 2.01 2.30 2.36 2.35 2.35
TOTAL 76.15 80.72 86.88 88.75 91.04 91.31
ENDING STOCKS
UNITED STATES 0.19 0.14 0.20 0.19 0.18 0.16
BRAZIL 0.60 0.61 0.83 0.27 0.39 0.29
ARGENTINA 0.52 0.61 0.52 0.30 0.23 0.23
OTHER 2.46 2.27 2.67 2.65 2.58 2.58
TOTAL 3.76 3.62 4.22 3.42 3.37 3.25
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
DATE: MAY 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 7.02
LATIN AMERICA 5.15 5.81 6.09 6.67 6.69 6.62
BRAZIL 2.91 3.47 3.80 4.03 3.85 3.79
ARGENTINA 1.47 1.52 1.49 1.78 1.86 1.87
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 3.50
JAPAN 0.69 0.66 0.67 0.67 0.67 0.67
CHINA 0.67 1.14 1.21 1.15 1.28 1.31
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 17.22 18.25 19.70 20.16 20.43 20.42
EXPORTS
UNITED STATES 0.64 0.69 1.22 0.45 0.82 0.82
BRAZIL 0.69 1.35 1.49 1.60 1.45 1.50
ARGENTINA 1.45 1.45 1.41 1.56 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 0.66
TOTAL 4.21 4.85 5.92 5.33 5.86 5.90
IMPORTS
UNITED STATES 0.01 0.03 0.01 0.04 0.03 0.02
EUROPEAN UNION 0.53 0.50 0.63 0.63 0.61 0.61
FSU-12 0.07 0.08 0.05 0.05 0.07 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 1.50 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 1.17 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 0.13 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 1.02 1.02
TOTAL 3.90 4.74 6.11 5.20 5.71 5.70
CONSUMPTION
UNITED STATES 5.92 5.87 5.86 6.11 6.28 6.33
LATIN AMERICA 3.63 3.74 2.05 3.97 4.15 4.16
BRAZIL 2.28 2.32 0.53 2.53 2.60 2.60
ARGENTINA 0.08 0.08 0.09 0.10 0.09 0.10
MEXICO 0.53 0.52 0.45 0.45 0.52 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 0.13 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 5.55 5.56
JAPAN 0.69 0.67 0.68 0.67 0.68 0.68
CHINA 0.77 1.76 2.53 2.61 2.63 2.64
TAIWAN 0.38 0.39 0.39 0.40 0.36 0.36
KOREA, REP OF 0.19 0.22 0.24 0.25 0.25 0.26
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 1.39 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 0.17 0.17
OTHER 0.51 0.50 0.59 0.58 0.63 0.63
TOTAL 17.23 18.42 17.53 19.70 20.41 20.48
ENDING STOCKS
UNITED STATES 0.71 0.50 0.52 0.91 0.86 0.82
BRAZIL 0.32 0.35 0.37 0.38 0.25 0.24
ARGENTINA 0.17 0.16 0.15 0.28 0.23 0.24
OTHER 0.82 0.71 1.10 0.92 0.89 0.91
TOTAL 2.01 1.72 2.14 2.48 2.23 2.22
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
DATE: MAY 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 6,124 450 816
BRAZIL 3,454 6,500 12,496 10,800 1,600 1,500
ARGENTINA 2,087 950 8,223 8,500 1,556 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 1,650 508 587 124 135
OTHER 1,322 1,129 3,383 3,229 458 525
WORLD TOTAL 31,979 34,904 33,610 32,735 5,326 5,903
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 45 284 160 48 66
RUSSIA 31 5 34 60 23 25
UKRAINE 20 20 250 100 25 38
EASTERN EUROPE 252 332 1,915 1,884 111 114
POLAND 10 60 580 600 80 82
HUNGARY 10 10 470 450 0 0
ASIA 11,770 13,011 6,182 8,005 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 1,500 1,000 900 35 35
INDONESIA 715 800 950 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 3,264 981 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 0 170 170 90 100
ALGERIA 0 0 370 325 110 120
TURKEY 180 225 300 350 100 125
LATIN AMERICA 4,545 5,168 2,718 2,878 880 946
MEXICO 2,401 2,750 350 250 50 70
VENEZUELA 204 300 530 550 100 100
CANADA 70 100 716 650 43 30
OTHER 426 587 761 767 321 331
WORLD TOTAL 32,129 34,836 32,419 32,867 5,204 5,698
DATE: MAY 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 7,330
TOTAL IMPORTS MY 89 264 680 1,219 1,434
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 2,230
TOTAL CONSUM MY 2,798 2,488 2,271 2,689 2,540
TOTAL IMPORTS MY 730 720 755 837 625
PALM OIL (OCT-SEP) 100 83 121 132 133
SUNFLOWERSEED OIL (SEP-AUG) 220 248 317 387 204
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 1,000 895 929
TOTAL IMPORTS MY 626 816 899 801 806
SUNSEED OIL (OCT-SEP) 200 180 280 200 205
COTTONSEED OIL (OCT-SEP) 60 82 90 90 70
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 1,106 875 916
TOTAL IMPORTS MY 547 659 1,055 821 861
PALM OIL (OCT-SEP) 48 113 54 50 50
SOYBEAN OIL (OCT-SEP) 433 494 500 340 380
SUNSEED OIL (OCT-SEP) 65 51 500 430 430
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 270 292 336 257 242
SUNSEED OIL (OCT-SEP) 130 145 145 145 130
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 6,430
TOTAL CONSUM MY 5,748 7,287 9,521 9,158 9,363
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 16,283
TOTAL CONSUM MY 19,362 21,411 24,780 25,188 25,764
TOTAL IMPORTS MY 5,666 7,869 11,096 9,528 10,294
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 1,439
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: MAY 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
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) 32,579 74,825 627 24,989 43,732 4,563
MAJOR PROTEIN MEALS
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) - 33,158 1,066 6,337 - 216
MAJOR VEGETABLE AND MARINE OILS
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) - 8,240 1,436 1,391 - 1,151
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: MAY 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)
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 64,837 277 24,358 38,782 3,402
1997/98(97) 27,320 70,761 136 24,222 39,463 7,080
SOYBEAN MEAL (OCT-SEP)
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) - 30,538 91 6,124 - 159
1997/98(97) - 31,275 136 5,987 - 181
SOYBEAN OIL (OCT-SEP)
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) - 7,024 23 816 - 817
1997/98(97) - 7,335 36 862 - 885
SOURCE: COUNSELOR AND ATTACHE REPORTS,
OFFICIAL STATISTICS, USDA ESTIMATES
DATE: MAY 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)
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 21,599 710
1996/97(95) 10,950 23,700 1,300 3,633 20,154 373
1997/98(96) 11,800 26,500 1,300 6,500 19,700 373
SOYBEAN MEAL (FEB-JAN)
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 11,471 - 640
1996/97(95) - 15,841 100 10,900 - 381
1997/98(96) - 15,484 200 10,300 - 265
SOYBEAN OIL (FEB-JAN)
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 93 771 - 257
1994/95(93) - 3,522 320 1,556 - 144
1995/96(94) - 4,061 162 1,643 - 224
1996/97(95) - 3,749 175 1,350 - 198
1997/98(96) - 3,664 200 1,200 - 162
SOURCE: COUNSELOR AND ATTACHE REPORTS,
OFFICIAL STATISTICS, USDA ESTIMATES
DATE: MAY 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)
1989/90(88) 4,000 6,500 0 516 5,413 803
1990/91(89) 4,950 10,750 0 3,511 6,566 1,046
1991/92(90) 4,750 11,500 0 4,401 7,368 318
1992/93(91) 4,800 11,150 0 2,921 7,900 200
1993/94(92) 4,900 11,350 0 2,274 8,667 155
1994/95(93) 5,400 12,400 0 2,957 8,718 322
1995/96(94) 5,700 12,500 0 2,614 9,280 365
1996/97(95) 5,980 12,430 10 2,014 9,927 276
1997/98(96) 6,200 12,400 150 1,000 11,000 268
SOYBEAN MEAL (APR-MAR)
1989/90(88) - 4,368 0 4,350 - 164
1990/91(89) - 5,384 0 4,860 - 588
1991/92(90) - 6,042 0 6,294 - 185
1992/93(91) - 6,439 0 6,230 - 194
1993/94(92) - 7,064 0 6,844 - 154
1994/95(93) - 7,105 0 6,731 - 178
1995/96(94) - 7,563 0 7,150 - 216
1996/97(95) - 8,091 0 7,781 - 150
1997/98(96) - 8,965 0 8,550 - 165
SOYBEAN OIL (APR-MAR)
1989/90(88) - 927 0 868 - 77
1990/91(89) - 1,124 0 1,006 - 120
1991/92(90) - 1,261 0 1,266 - 41
1992/93(91) - 1,359 0 1,295 - 30
1993/94(92) - 1,499 0 1,409 - 45
1994/95(93) - 1,508 0 1,442 - 34
1995/96(94) - 1,605 0 1,477 - 67
1996/97(95) - 1,717 0 1,634 - 50
1997/98(96) - 1,903 0 1,800 - 53
SOURCE: COUNSELOR AND ATTACHE REPORTS,
OFFICIAL STATISTICS, USDA ESTIMATES
DATE: MAY 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 0 331 3,400 111
1991/92(90) 2,300 4,200 0 338 3,747 181
1992/93(91) 2,800 3,800 0 300 3,500 136
1993/94(92) 2,300 3,100 0 200 2,850 136
1994/95(93) 2,070 3,850 0 580 3,240 116
1995/96(94) 2,800 5,900 0 884 4,951 121
1996/97(95) 3,200 5,600 0 550 5,000 111
1997/98(96) 2,900 5,200 0 100 5,050 101
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) - 1,462 0 1,403 - 140
1991/92(90) - 1,574 0 1,475 - 139
1992/93(91) - 1,470 0 1,375 - 114
1993/94(92) - 1,197 0 1,057 - 134
1994/95(93) - 1,393 0 1,300 - 107
1995/96(94) - 2,129 0 1,996 - 90
1996/97(95) - 2,100 0 1,954 - 96
1997/98(96) - 2,121 0 2,000 - 77
SUNFLOWERSEED OIL (MAR-FEB)
1988/89(87) - 1,033 0 699 - 63
1989/90(88) - 1,365 0 925 - 137
1990/91(89) - 1,377 0 1,162 - 134
1991/92(90) - 1,499 0 1,175 - 140
1992/93(91) - 1,400 0 1,050 - 140
1993/94(92) - 1,112 0 775 - 106
1994/95(93) - 1,280 0 920 - 76
1995/96(94) - 1,980 0 1,556 - 81
1996/97(95) - 2,000 0 1,510 - 91
1997/98(96) - 1,970 0 1,510 - 71
SOURCE: COUNSELOR AND ATTACHE REPORTS,
OFFICIAL STATISTICS, USDA ESTIMATES
DATE: MAY 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 540 594 647 718 643
TOTAL 12,425 11,501 12,687 13,188 12,866
PROTEIN MEAL CONSUMPTION 1/
SOYBEAN 22,244 22,683 24,424 23,615 22,751
SUNFLOWERSEED 3,503 3,761 4,284 4,199 4,703
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 37,592 37,127
TOTAL SME 4/ 36,545 37,341 39,987 38,986 38,459
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 1,813 1,750
RAPESEED 1,718 1,666 2,017 2,106 2,028
OTHER 3,035 3,277 3,369 3,304 3,239
TOTAL 9,881 9,880 10,468 10,484 10,388
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 1,484
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 REPORTSFOREIGN AGRICULTURE SERVICE
OFFICIAL STATISTICS COTTON, OILSEEDS, TOBACCO
USDA ESTIMATES and SEEDS DIVISION
DATE: MAY 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 1,106 765 610 820 767
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 1,614
TOTAL SME 2/ 3,214 1,984 1,761 1,731 1,778
OIL CONSUMPTION
SOYBEAN 90 100 61 60 70
COTTONSEED 127 108 120 100 95
SUNFLOWERSEED 970 830 830 1,006 969
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 1,275
IMPORTS 3/
SOYBEANS 167 68 35 31 5
SOYBEAN MEAL 1,095 200 205 34 60
SUNFLOWERSEED OIL 105 146 206 277 100
COTTONSEED OIL 127 108 120 100 95
EXPORTS 3/
SUNFLOWERSEED 76 450 533 1,266 1,100
SOYBEANS 5 17 56 48 50
SUNFLOWERSEED OIL 10 40 21 25 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: MAY 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 13,500
SUNFLOWERSEED 1,472 1,282 1,370 1,270 1,290
TOTAL 33,038 38,610 42,248 43,187 40,910
PROTEIN MEAL CONSUMPTION
SOYBEAN 3,274 5,110 5,329 6,867 9,285
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 19,913
TOTAL SME 2/ 9,901 12,271 14,417 16,967 18,708
OIL CONSUMPTION
SOYBEAN 770 1,763 2,527 2,611 2,641
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 9,363
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 REPORTSFOREIGN AGRICULTURAL SERV
OFFICIAL STATISTICS COTTON, OILSEEDS, TOBACCO
USDA ESTIMATES and SEEDS DIVISION
DATE: MAY 1997
TABLE 21.
OILSEED PRICES
(US DOLLAR PER METRIC TON)
YEAR SOYBEANS PEANUT SUNFLOWER RAPE COPRA LIN
BEG. US US BRA ARG ROT US ROT US ROT HAM ROT ROT
OCT.1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/
OCT/SEP AVG
85/86 187 188 196 195 211 531 857 168 214 239 200 223
86/87 180 183 192 193 209 601 836 153 205 180 285 167
87/88 245 251 274 262 282 557 990 207 276 222 385 251
88/89 261 263 261 264 292 589 818 255 267 219 371 351
89/90 212 214 218 209 247 631 975 255 267 213 251 335
90/91 209 210 214 207 241 798 1539 238 N/A 199 247 222
91/92 205 208 211 207 237 600 831 196 N/A 205 397 201
92/93 213 216 222 217 246 640 958 241 271 234 292 229
93/94 233 234 235 231 259 668 1088 294 317 284 388 232
94/95 205 208 217 214 248 610 856 237 309 289 432 261
95/96
OCT 227 235 250 252 271 635 1033 243 343 289 646 266
NOV 235 247 259 261 282 650 1016 238 342 292 488 282
DEC 248 260 272 269 296 624 1013 240 317 289 468 286
JAN 249 267 278 277 305 657 958 243 315 289 456 286
FEB 258 264 274 263 299 N/A 980 253 303 282 475 277
MAR 257 262 273 260 295 N/A 990 262 289 275 461 269
APR 273 284 299 287 316 N/A 1015 276 300 296 479 283
MAY 283 291 302 291 322 N/A 1010 300 318 317 503 311
JUN 272 280 288 281 308 N/A 927 315 308 310 550 291
JUL 280 287 293 284 312 N/A 993 300 306 311 534 299
AUG 287 293 304 296 317 N/A 970 280 303 306 495 301
SEP 286 301 312 308 319 611 929 265 304 315 475 304
AVG 263 273 284 277 304 635 986 268 312 298 487 288
96/97
OCT 255 255 272 271 290 569 917 258 273 308 470 308
NOV 254 253 261 262 286 551 904 262 260 306 471 312
DEC 254 255 256 258 289 564 897 256 253 300 498 322
JAN 262 266 264 262 301 631 893 260 251 297 506 311
FEB 271 277 272 268 308 N/A 870 269 248 283 496 302
MAR 293 301 304 300 332 N/A 908 269 269 296 489 304
APR 295 308 312 314 338 N/A 920 260 298 302 466 298
MAY
JUN
JUL
AUG
SEP
AVG 269 274 277 276 306 579 901 262 265 299 485 308
1/ US FARM PRICE;USDA. 2/US NO1 YELLOW CASH CENTRAL ILLINOIS;WSJ
3/ RIO GRANDE BRAZIL FOB SAFRAS&MERCADO 4/ ARG FOB B.AIRES; SAFRAS&
MERCADO 5/ ROTTERDAM CIF NO2 YELLOW, OIL WLD 6/US FARM, INSHELL USDA
7/ROTTERDAM CIF US RUNNERS 40/50% OIL WLD(PUB LEDGER PRIOR TO SEP 90)
8/US FARM, USDA 9/EU LOWER RHINE (BEG SEP93)PRIOR US/CAN, OIL WLD
10/HAMBURG CIF EUROPE "00" OIL, OIL WLD 11/ROTTERDAM CIF; PHILL/INDO
OIL WLD 12/ROTTERDAM CIF; CAN NO1 OIL WLD
MAY 1997
TABLE 22.
PROTEIN MEAL PRICES
(US DOLLAR PER METRIC TON)
YEAR SOYBEANS COT SUNFLOWER PEANUT FSH RAPE COPR CRN
BEG. US US BRA ARG ROT US US ROT US ROT HAM HAMB HAMB GLT
OCT.1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/ 14/
OCT/SEP AVG
85/86 171 183 175 171 183 147 75 111 N/A 165 313 118 132 132
86/87 179 195 179 177 191 164 84 119 N/A 161 356 95 138 135
87/88 245 264 239 238 254 197 109 148 N/A 202 516 453 165 157
88/89 257 278 241 238 259 206 132 148 N/A 209 443 167 163 154
89/90 192 206 181 178 204 180 114 123 212 187 400 135 126 141
90/91 187 200 178 171 198 145 97 113 206 154 468 131 133 146
91/92 194 208 184 176 203 154 85 123 173 155 494 139 144 146
92/93 201 214 185 183 207 178 99 134 197 165 390 157 131 135
93/94 199 213 182 174 202 181 104 127 201 176 364 152 134 127
94/95 167 179 172 151 184 124 69 103 143 161 448 134 125 128
95/96
OCT 203 214 208 185 214 169 91 136 146 178 522 150 145 179
NOV 215 225 223 201 225 182 109 149 193 182 602 162 164 166
DEC 235 246 254 224 250 205 135 153 225 193 647 179 162 164
JAN 243 256 262 233 260 230 149 154 243 183 649 186 165 167
FEB 239 252 240 229 253 224 143 141 237 186 641 181 166 165
MAR 238 250 241 227 246 216 136 140 231 190 616 175 166 160
APR 262 275 265 247 270 243 147 160 231 213 583 188 177 169
MAY 256 269 263 244 271 211 151 169 234 230 564 203 184 178
JUN 252 263 260 239 266 212 149 154 231 210 563 194 163 156
JUL 267 278 267 242 265 222 149 143 247 210 547 176 152 142
AUG 277 288 286 257 270 213 139 154 250 215 539 182 151 148
SEP 293 305 308 270 286 213 138 159 213 220 566 187 148 145
AVG 248 260 256 233 256 212 132 151 223 201 587 180 162 159
96/97
OCT 264 274 273 246 270 202 128 155 187 227 581 192 137 136
NOV 268 277 289 252 274 217 116 155 161 234 600 195 141 138
DEC 265 276 290 255 279 247 125 152 190 235 583 169 153 136
JAN 265 275 270 254 280 228 138 144 244 236 576 191 157 142
FEB 280 289 272 271 282 203 152 127 251 230 558 183 150 138
MAR 300 309 300 281 300 208 134 137 248 251 554 190 138 136
APR 305 318 307 277 301 218 137 143 258 256 547 185 140 131
MAY
JUN
JUL
AUG
SEP
AVG 278 288 286 262 284 218 133 145 220 238 571 190 145 137
1/DECATUR;AVG WHOLESALE 44%PROTEIN;USDA 2/DECATUR,AVG WHOLESALE 48%PROTEIN;USDA
3/RIO GRANDE,BRAZIL FON;BULK RATE 45-46%PROTEIN;SAFRAS&MERCADO 4/ARG PELLETS
FOB BUENOS AIRES;SAFRAS&MERCADO 5/ROTTERDAM CIF ARG 45-46%;OIL WORLD 6/MEMPHIS
FOB 41% PROTEIN SOLVENT EXTRACTION;USDA 7/MINNEAPOLIS FOB 32%PROTEIN 8/ROTTERDAM
CIF:ARG/URUGUAY PELLET 37-38%;OIL WORLD 9/SOUTHEAST MILLS FOB 10/ROTTERDAM CIF
INDIAN 48% PROTEIN;OIL WORLD 11/HAMBURG CIF;ANY ORIGIN 64-65% PROTEIN;OIL WORLD
12/HAMBURG FOB;EX-MILL 34% PROTEIN 13/HAMBURG CIF;PHIL EXPELLER PELLETS 36%
PROTEIN;OIL WORLD 14/ROTTERDAM CIF;PELLETS 23-24% PROTEIN;OIL WORLD
MAY 1997
TABLE 23.
OILSEED PRICES
(US DOLLAR PER METRIC TON)
YEAR SOYBEANS COTTON SUNFLOWER PEANUT PALM RAPE COCO LIN CORN
BEG. US BRA ARG ROT US ROT US ROT US ROT MALY ROT ROT ROT US
OCT.1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/ 14/ 15/
OCT/SEP AVG
85/86 397 342 347 377 389 513 422 406 655 644 274 338 304 475 407
86/87 339 302 310 324 390 491 353 354 575 511 310 297 413 319 472
87/88 499 400 399 443 481 585 521 449 738 572 402 408 547 441 512
88/89 465 411 412 435 439 567 500 477 750 706 358 409 545 716 462
89/90 491 420 424 438 514 650 537 486 983 919 271 423 371 756 554
90/91 463 418 415 454 492 614 520 480 931 975 318 417 364 502 615
91/92 422 394 398 437 443 545 477 459 563 641 365 416 605 377 567
92/93 472 420 408 453 550 688 559 492 665 674 382 441 446 450 460
93/94 596 539 543 580 613 749 688 627 969 973 445 578 564 476 612
94/95 608 608 623 642 568 671 621 691 967 1005 651 637 656 657 600
95/96
OCT 584 594 593 638 620 659 606 714 937 990 602 606 718 614 574
NOV 564 589 578 623 593 630 579 700 918 995 586 590 750 611 563
DEC 546 565 556 479 575 613 573 651 864 988 573 568 718 613 551
JAN 520 535 526 554 539 589 543 614 821 959 509 544 711 589 541
FEB 521 518 514 548 537 580 534 597 794 925 493 524 738 573 536
MAR 520 504 499 538 535 575 535 567 807 911 486 519 723 549 537
APR 569 544 533 582 590 624 565 614 865 895 520 574 756 541 586
MAY 584 556 555 591 627 643 582 618 944 897 535 598 778 596 617
JUN 550 519 524 563 610 610 567 577 948 904 502 570 816 569 566
JUL 531 490 485 549 623 609 542 578 948 902 465 555 775 574 561
AUG 529 506 506 565 613 610 549 583 939 885 484 567 742 563 536
SEP 527 527 522 569 576 611 549 588 899 879 524 580 721 561 532
AVG 545 537 533 575 587 613 560 617 890 928 523 566 746 579 558
96/97
OCT 484 500 500 528 541 563 503 539 915 874 505 551 722 563 500
NOV 481 504 503 517 535 565 496 523 864 868 505 550 760 553 506
DEC 476 507 499 514 536 558 492 513 898 868 519 534 777 557 491
JAN 495 512 510 534 556 571 499 520 959 874 560 542 768 559 516
FEB 494 508 510 527 561 580 509 506 967 886 567 527 768 555 528
MAR 513 508 511 541 577 601 500 513 987 896 550 541 737 554 537
APR 511 516 518 541 553 602 515 521 992 938 559 544 710 549 542
MAY
JUN
JUL
AUG
SEP
AVG 493 508 507 529 551 577 502 519 940 886 538 541 749 556 517
1/ DECATUR;AVG WHOLESALE TANK CRUDE;USDA 2/RIO GRANDE,BRAZIL FOB;BULK RATE;
SAFRAS&MERCADO 3/CRUDE FOB BUENOS AIRES,SAFRAS&MERCADO 4/DUTCH FOB EX MILL;
OILWORLD 5/VALLEY POINTS FOB;TANK CARS CRUDE;USDA 6/ROTTERDAM CIF;USPBSY;
OIL WORLD 7/MINNEAPOLIS FOB USDA 8/ROTTERDAM;EX MILL;OIL WORLD 9/SOUTH EAST
MILLS FOB;TANK CARS CRUDE;USDA 10/ROTTERDAM CIF ANY ORIGIN;OIL WORLD
11/MALAYSIA FOB RBD;OIL WORLD 12/ROTTERDAM,DUTCH FOB EX-MILL;OIL WORLD
13/ROTTERDAM CIF;PHIL/INDONESIA;OIL WORLD 14/ROTTERDAM;EX-TANK;OIL WORLD
15/DECATURE;CRUDE USDA
MAY 1997
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