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OILSEEDS AND PRODUCTS: WORLD MARKETS AND TRADE

June 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-327), June 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 July 14, 1997.

Summary

U.S. supply and use forecasts for both 1996/97 and 1997/98 are little changed this month reflecting mainly changes to U.S. soybean trade. Soybean imports for 1996/97 are increased 272,000 tons (10 million bushels) for 1996/97 to 549,000 tons (20 million bushels). Soybean crush and ending stocks are up 136,000 tons (5 million bushels) each from last month but stocks going into 1997/98 are still a very tight 3.5 million tons (130 million bushels). Soybean oil production is unchanged as a lower extraction rate offsets a slightly larger crush.

U.S. soybean ending stocks for 1997/98 are reduced 548,000 tons (20 million bushels) this month to 6.5 million tons (240 million bushels) based on upward revisions for soybean and soybean meal exports. Record large Brazilian soybean exports in 1996/97 and the lowest September stocks since 1986/87 are expected to give a strong boost to Brazil's soybean imports in early 1997/98.

U.S. soybean season average prices are increased slightly for 1997/98 to $5.60 to $7.00 per bushel. Soybean product prices are unchanged from last month in 1997/98 but the soybean oil price for 1996/97 is slightly reduced to 23.25 cents per pound.

Global oilseed supplies are little changed this month for 1996/97. Oilseed production in 1996/97 is up slightly to 258 million tons. Reduced soybean crop estimates for Argentina and Ecuador were nearly offset by increases in India's soybean crop and China's peanut crop estimates. Late season dry weather in Argentina has hurt second crop soybean yields and production is lowered to 12.0 million tons, off 400,000 from last month. Other significant changes this month include upward revisions for China's soybean and soybean meal imports in 1996/97 to 2.1 million and 2.7 million tons respectively up 200,000 tons each from last month.


      
                                     TABLE 1.
                   MAJOR OILSEEDS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAY      JUN
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
      PRODUCTION
       SOYBEAN             117.34  117.75  137.63  124.45   132.52   132.23
       COTTONSEED           31.60   29.49   32.88   35.46    34.05    34.05
       PEANUT               23.11   24.00   26.44   26.18    26.14    26.77
       SUNFLOWERSEED        21.28   20.74   23.37   25.77    23.92    23.75
       RAPESEED             25.31   26.71   30.29   34.57    30.55    30.61
       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            227.55  227.89  260.70  256.33   257.80   258.04
    
    
      EXPORTS
       SOYBEAN              29.81   28.16   32.12   31.90    34.90    35.41
       COTTONSEED            0.91    0.91    1.03    0.94     0.78     0.77
       PEANUT                1.34    1.45    1.51    1.52     1.43     1.48
       SUNFLOWERSEED         1.87    2.57    3.19    3.76     2.89     2.74
       RAPESEED              4.02    5.28    5.85    5.60     5.12     5.19
       COPRA                 0.23    0.24    0.21    0.18     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   43.96    45.37    45.83
    
    
      IMPORTS
       SOYBEAN              30.42   28.37   32.81   32.12    34.84    35.44
       COTTONSEED            0.91    0.89    1.04    0.87     0.78     0.79
       PEANUT                1.32    1.44    1.53    1.54     1.48     1.51
       SUNFLOWERSEED         1.97    2.51    3.14    3.75     2.87     2.72
       RAPESEED              4.01    5.20    5.91    5.56     5.18     5.20
       COPRA                 0.25    0.26    0.24    0.22     0.25     0.24
       PALM KERNEL           0.08    0.04    0.05    0.05     0.05     0.05
    
          TOTAL             38.96   38.69   44.72   44.11    45.44    45.95
    
    
      CRUSH
       SOYBEAN              96.75  102.06  109.83  112.15   114.72   114.98
       COTTONSEED           24.96   22.98   25.26   28.12    26.35    26.28
       PEANUT               12.53   12.83   14.39   14.11    14.46    14.76
       SUNFLOWERSEED        18.63   17.95   20.55   22.45    21.97    21.69
       RAPESEED             22.78   24.32   27.15   30.67    28.58    28.50
       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  217.37   216.67   216.79
    
    
      ENDING STOCKS
       SOYBEAN              20.27   17.34   23.70   16.73    14.17    13.83
       COTTONSEED            0.46    0.53    0.63    0.59     0.65     0.62
       PEANUT                0.83    0.61    0.75    0.67     0.53     0.52
       SUNFLOWERSEED         0.63    0.79    0.94    1.61     0.99     1.19
       RAPESEED              1.14    0.80    0.97    1.63     0.92     1.00
       COPRA                 0.12    0.11    0.08    0.09     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   21.48    17.50    17.41
    
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: JUNE 1997
    
    
    
    
                                     TABLE 2.
                MAJOR PROTEIN MEALS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAY      JUN
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
      PRODUCTION
       SOYBEAN              76.45   81.27   87.17   89.19    91.01    91.20
       COTTONSEED           11.46   10.67   11.74   13.15    12.17    12.34
       RAPESEED             14.00   14.81   16.49   18.65    17.43    17.39
       SUNFLOWERSEED         8.61    8.36    9.50   10.05    10.01     9.81
       FISH                  5.90    6.35    6.59    6.67     6.33     6.27
       PEANUT                5.11    5.24    5.87    5.74     5.89     6.01
       COPRA                 1.64    1.68    1.88    1.69     1.83     1.82
       PALM KERNEL           2.04    2.25    2.39    2.60     2.75     2.75
    
          TOTAL            125.20  130.63  141.64  147.74   147.43   147.60
    
    
      EXPORTS
       SOYBEAN              27.39   29.95   30.92   33.57    32.74    33.48
       COTTONSEED            1.46    1.13    1.10    1.10     1.15     1.05
       RAPESEED              3.21    3.36    3.55    4.23     3.58     3.83
       SUNFLOWERSEED         1.80    2.14    2.80    2.91     2.82     2.95
       FISH                  3.45    4.11    4.14    4.01     4.13     4.13
       PEANUT                0.65    0.85    0.63    0.62     0.63     0.63
       COPRA                 1.04    1.01    1.30    0.98     1.11     1.09
       PALM KERNEL           1.82    1.90    2.05    2.20     2.33     2.35
    
          TOTAL             40.81   44.45   46.48   49.63    48.48    49.51
    
    
      IMPORTS
       SOYBEAN              27.87   29.26   31.22   32.04    32.87    33.12
       COTTONSEED            1.45    1.14    1.04    1.03     1.11     1.03
       RAPESEED              3.31    3.43    3.81    3.89     3.55     3.84
       SUNFLOWERSEED         1.84    2.14    2.68    2.97     2.85     2.95
       FISH                  3.70    4.05    4.41    4.14     3.77     3.89
       PEANUT                0.68    0.78    0.64    0.63     0.61     0.62
       COPRA                 1.04    1.01    1.16    1.03     1.01     1.03
       PALM KERNEL           1.78    1.83    1.92    1.87     2.19     1.95
    
          TOTAL             41.67   43.63   46.87   47.60    47.97    48.43
    
    
      CONSUMPTION
       SOYBEAN              76.12   80.72   87.05   87.82    91.31    91.25
       COTTONSEED           11.42   10.70   11.69   13.02    12.13    12.34
       RAPESEED             14.08   14.89   16.62   18.23    17.59    17.52
       SUNFLOWERSEED         8.62    8.41    9.28   10.01    10.14     9.91
       FISH                  5.97    6.31    6.56    6.55     6.28     6.33
       PEANUT                5.13    5.18    5.91    5.75     5.88     6.00
       COPRA                 1.65    1.63    1.82    1.74     1.73     1.76
       PALM KERNEL           2.10    2.17    2.25    2.28     2.60     2.33
    
          TOTAL            125.08  130.00  141.18  145.41   147.65   147.43
    
    
      ENDING STOCKS
       SOYBEAN               4.09    3.95    4.37    4.21     3.25     3.80
       COTTONSEED            0.17    0.15    0.15    0.20     0.16     0.18
       RAPESEED              0.48    0.48    0.62    0.71     0.51     0.59
       SUNFLOWERSEED         0.25    0.21    0.31    0.41     0.30     0.31
       FISH                  0.63    0.60    0.90    1.15     0.79     0.85
       PEANUT                0.08    0.07    0.03    0.04     0.04     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              6.05    5.86    6.71    7.02     5.38     6.12
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: JUNE 1997
    
    
    
                                     TABLE 3.
          MAJOR VEGETABLE AND MARINE OILS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAY      JUN
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
      PRODUCTION
       SOYBEAN              17.22   18.25   19.70   20.17    20.42    20.44
       PALM                 13.04   13.74   14.89   15.76    16.69    16.79
       SUNFLOWERSEED         7.37    7.08    8.20    8.93     8.66     8.58
       RAPESEED              8.40    9.04   10.09   11.40    10.50    10.56
       COTTONSEED            3.67    3.38    3.73    4.09     3.87     3.86
       PEANUT                3.60    3.62    4.03    3.96     4.07     4.14
       COCONUT               3.10    3.09    3.43    3.06     3.33     3.32
       OLIVE                 1.80    1.76    1.77    1.44     2.08     2.24
       FISH                  1.19    1.24    1.52    1.41     1.25     1.21
       PALM KERNEL           1.74    1.88    2.00    2.17     2.28     2.28
    
          TOTAL             61.12   63.08   69.35   72.41    73.14    73.42
    
    
      EXPORTS
       SOYBEAN               4.21    4.85    5.92    5.29     5.90     5.81
       PALM  1/              8.66    9.93    9.71    9.81    10.65    10.63
       SUNFLOWERSEED         2.15    2.33    3.45    3.08     3.04     3.04
       RAPESEED              1.63    2.23    2.64    2.66     2.21     2.27
       COTTONSEED            0.50    0.50    0.59    0.53     0.51     0.48
       PEANUT                0.22    0.29    0.24    0.30     0.25     0.27
       COCONUT               1.70    1.50    1.83    1.58     1.66     1.69
       OLIVE                 0.57    0.75    0.74    0.69     0.79     0.82
       FISH                  0.71    0.79    1.06    1.00     0.86     0.85
       PALM KERNEL           0.91    0.93    0.84    0.93     1.04     1.04
    
          TOTAL             21.26   24.09   27.04   25.88    26.90    26.91
    
    
      IMPORTS
       SOYBEAN               3.90    4.74    6.11    5.07     5.70     5.53
       PALM  1/              8.30    9.68    9.65    9.70    10.46    10.34
       SUNFLOWERSEED         2.13    2.37    3.32    3.15     3.06     3.06
       RAPESEED              1.72    2.21    2.77    2.34     2.21     2.28
       COTTONSEED            0.45    0.46    0.54    0.53     0.49     0.49
       PEANUT                0.30    0.30    0.29    0.31     0.24     0.28
       COCONUT               1.39    1.39    1.77    1.46     1.50     1.50
       OLIVE                 0.68    0.75    0.77    0.63     0.74     0.78
       FISH                  0.62    0.77    0.94    0.92     0.86     0.89
       PALM KERNEL           0.94    0.94    0.81    0.76     0.79     0.82
    
          TOTAL             20.42   23.60   26.96   24.86    26.05    25.97
    
    
      CONSUMPTION
       SOYBEAN              17.23   18.42   19.47   19.60    20.48    20.35
       PALM                 12.39   13.95   14.72   15.37    16.49    16.47
       SUNFLOWERSEED         7.56    7.23    8.05    8.68     8.86     8.79
       RAPESEED              8.56    9.02   10.35   11.03    10.54    10.62
       COTTONSEED            3.65    3.32    3.68    4.07     3.86     3.88
       PEANUT                3.69    3.65    4.07    3.95     4.05     4.14
       COCONUT               2.82    2.92    3.37    3.03     3.15     3.11
       OLIVE                 1.89    1.88    1.88    1.66     1.89     1.90
       FISH                  1.13    1.19    1.35    1.28     1.28     1.25
       PALM KERNEL           1.77    1.95    1.95    1.94     2.03     2.06
    
          TOTAL             60.67   63.53   68.88   70.60    72.62    72.57
    
    
      ENDING STOCKS
       SOYBEAN               2.01    1.72    2.14    2.49     2.22     2.29
       PALM                  1.72    1.25    1.35    1.63     1.60     1.66
       SUNFLOWERSEED         0.82    0.72    0.74    1.07     0.78     0.88
       RAPESEED              0.42    0.43    0.30    0.36     0.35     0.31
       COTTONSEED            0.10    0.11    0.11    0.12     0.10     0.11
       PEANUT                0.06    0.04    0.04    0.06     0.06     0.07
       COCONUT               0.25    0.31    0.30    0.22     0.24     0.25
       OLIVE                 0.98    0.87    0.79    0.51     0.78     0.80
       FISH                  0.23    0.27    0.32    0.36     0.28     0.37
       PALM KERNEL           0.21    0.15    0.17    0.23     0.22     0.23
    
          TOTAL              6.80    5.86    6.26    7.05     6.62     6.96
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
      1/  PALM OIL TRADE EXCLUDES TRANSSHIPMENTS THROUGH SINGAPORE
    DATE: JUNE 1997
    
    
    
                                     TABLE 4
                   MAJOR OILSEEDS, PROTEIN MEALS, FATS AND OILS:
                                WORLD PRODUCTION 1/
                               (MILLION METRIC TONS)
                                                   PRELIM     MAY      JUN
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
    WORLD OILSEEDS:
     SOYBEAN               117.34  117.75  137.63  124.45   132.52   132.23
     COTTONSEED             31.60   29.49   32.88   35.46    34.05    34.05
     PEANUT                 23.11   24.00   26.44   26.18    26.14    26.77
     SUNFLOWERSEED          21.28   20.74   23.37   25.77    23.92    23.75
     RAPESEED               25.31   26.71   30.29   34.57    30.55    30.61
     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              227.55  227.89  260.70  256.33   257.80   258.04
    
    PROTEIN MEALS:
     SOYBEAN                76.45   81.27   87.17   89.19    91.01    91.20
     COTTONSEED             11.46   10.67   11.74   13.15    12.17    12.34
     PEANUT                  5.11    5.24    5.87    5.74     5.89     6.01
     SUNFLOWERSEED           8.61    8.36    9.50   10.05    10.01     9.81
     RAPESEED               14.00   14.81   16.49   18.65    17.43    17.39
     COPRA                   1.64    1.68    1.88    1.69     1.83     1.82
     PALM KERNEL             2.04    2.25    2.39    2.60     2.75     2.75
     FISH                    5.90    6.35    6.59    6.67     6.33     6.27
    
        TOTAL              125.20  130.63  141.64  147.74   147.43   147.60


    44% PROTEIN MEAL EQUIVALENT 2/:
     SOYBEAN                76.45   81.27   87.17   89.19    91.01    91.20
     COTTONSEED              9.29    8.64    9.52   10.65     9.86    10.00
     PEANUT                  5.74    5.88    6.60    6.46     6.62     6.76
     SUNFLOWERSEED           8.12    7.90    8.97    9.49     9.45     9.26
     RAPESEED                9.96   10.54   11.73   13.27    12.40    12.37
     COPRA                   0.74    0.76    0.85    0.76     0.83     0.82
     PALM KERNEL             0.73    0.80    0.85    0.92     0.98     0.98
     FISH                    8.53    9.17    9.53    9.64     9.15     9.07
    
        TOTAL              119.56  124.96  135.22  140.39   140.30   140.46
    
    FATS & OILS
    EDIBLE VEGETABLE:
     SOYBEAN                17.22   18.25   19.70   20.17    20.42    20.44
     COTTONSEED              3.67    3.38    3.73    4.09     3.87     3.86
     PEANUT                  3.60    3.62    4.03    3.96     4.07     4.14
     SUNFLOWERSEED           7.37    7.08    8.20    8.93     8.66     8.58
     RAPESEED                8.40    9.04   10.09   11.40    10.50    10.56
     OLIVE                   1.80    1.76    1.77    1.44     2.08     2.24
     COCONUT                 3.10    3.09    3.43    3.06     3.33     3.32
     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    16.79
    
        TOTAL               59.93   61.83   67.83   71.00    71.89    72.21
    
    MARINE OILS:
     FISH                    1.19    1.24    1.52    1.41     1.25     1.21
    
        TOTAL                1.19    1.24    1.52    1.41     1.25     1.21
    
    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   84.70    85.43    85.71
    
    
    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: JUNE 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    12.00
      EUROPEAN UNION 4/      0.46    1.35    0.29    0.94     0.34     1.15
      PARAGUAY               0.98    1.67    1.10    2.40     1.20     2.60
      OTHER                  8.89   10.85    9.89   12.24    10.09    11.64
    
          TOTAL             57.73  116.84   61.28  124.45    63.08   132.23
    
     COTTONSEED
      CHINA                  5.90    7.87    5.42    8.44     4.70     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     5.46
      PAKISTAN               2.76    3.23    3.05    3.57     3.20     3.18
      BRAZIL                 1.48    0.96    1.13    0.66     0.75     0.50
      OTHER                  6.88    6.52    8.08    7.91     8.25     8.08
    
          TOTAL             32.55   32.78   35.79   35.46    33.52    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    10.14
      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    5.47    4.99     5.45     4.95
    
          TOTAL             19.49   23.47   19.60   26.18    19.89    26.77
    
     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     2.99
      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     3.89
      OTHER                  4.29    3.20    4.46    3.74     4.38     3.54
    
          TOTAL             17.63   22.01   20.72   25.77    19.94    23.75
    
     RAPESEED
      CHINA                  5.74    7.30    6.91    9.78     6.67     9.17
      EUROPEAN UNION 4/      2.58    6.96    2.83    8.27     2.64     7.17
      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     0.68     1.27
      OTHER                  1.33    1.22    1.74    1.63     1.66     1.66
    
          TOTAL             20.25   27.14   24.13   34.57    21.52    30.61
    
    
    TOTAL OILSEEDS         147.66  222.23  161.52  246.42   157.95   247.41
    
    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: JUNE 1997
    
    
    
                                     TABLE 6
                     SOYBEANS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAY      JUN
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97 
    PRODUCTION
        UNITED STATES       59.61   50.92   68.49   59.24    64.84    64.84
        BRAZIL              22.50   24.70   25.90   23.70    26.50    26.50
        ARGENTINA           11.35   12.40   12.50   12.43    12.40    12.00
        CHINA               10.30   15.31   16.00   13.50    13.50    13.50
        EUROPEAN UNION       1.27    0.81    1.03    0.94     1.08     1.15
        PARAGUAY             1.75    1.80    2.20    2.40     2.60     2.60
        OTHER               10.55   11.81   11.51   12.24    11.61    11.64
    
          TOTAL            117.34  117.75  137.63  124.45   132.52   132.23
    
    EXPORTS
        UNITED STATES       20.94   16.03   22.81   23.17    24.36    24.36
        BRAZIL               4.06    5.43    3.57    3.45     6.50     7.50
        ARGENTINA            2.42    3.07    2.50    2.09     0.95     0.50
        PARAGUAY             1.25    1.20    1.45    1.60     1.65     1.65
        CHINA                0.30    1.10    0.39    0.22     0.20     0.20
        OTHER                0.84    1.33    1.39    1.37     1.25     1.20
    
          TOTAL             29.81   28.16   32.12   31.90    34.90    35.41
    
    IMPORTS
        EUROPEAN UNION      15.17   13.11   16.05   14.24    14.70    14.88
         GERMANY             3.31    2.79    2.96    3.21     3.00     3.43
         NETHERLANDS         4.26    4.14    4.62    4.20     4.35     4.30
         SPAIN               2.48    1.72    2.85    2.34     2.64     2.53
         ITALY               1.33    1.17    1.30    0.99     1.11     1.05
         BEL-LUX             1.31    1.22    1.37    1.22     1.21     1.17
         PORTUGAL            0.56    0.53    0.95    0.68     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     2.10
        JAPAN                4.87    4.86    4.84    4.78     4.86     4.80
        KOREA, REP OF        1.13    1.16    1.38    1.42     1.50     1.50
        TAIWAN               2.51    2.50    2.60    2.65     2.37     2.37
        INDONESIA            0.53    0.71    0.62    0.72     0.80     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    3.63     4.46     4.74
    
          TOTAL             30.42   28.37   32.81   32.12    34.84    35.44
    
    
    CRUSH
        UNITED STATES       34.81   34.72   38.24   37.27    38.78    38.92
        LATIN AMERICA       28.44   31.90   33.39   36.58    36.55    35.82
         BRAZIL             15.55   18.44   20.19   21.57    20.28    19.75
         ARGENTINA           8.49    8.77    8.59   10.29    10.80    10.80
         MEXICO              2.67    2.64    2.33    2.44     2.80     2.76
        EUROPEAN UNION      14.09   12.24   14.43   13.64    13.85    14.44
        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     0.57     0.56
        ASIA                15.85   19.56   19.67   20.50    20.95    21.20
         JAPAN               3.79    3.70    3.76    3.70     3.75     3.74
         CHINA               4.49    7.61    8.09    7.45     8.50     8.70
         TAIWAN              2.32    2.24    2.34    2.36     2.07     2.07
        OTHER                2.36    2.42    2.87    3.01     3.21     3.25
    
          TOTAL             96.75  102.06  109.83  112.15   114.72   114.98
    
    ENDING STOCKS
        UNITED STATES        7.96    5.69    9.11    4.99     3.40     3.54
        BRAZIL               6.12    5.46    7.20    5.07     4.00     3.45
        ARGENTINA            3.71    3.77    4.67    4.22     4.47     4.52
        OTHER                2.49    2.43    2.72    2.45     2.31     2.33
    
          TOTAL             20.27   17.34   23.70   16.73    14.17    13.83
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: JUNE 1997
    
    
    
                                     TABLE 7
                   SOYBEAN MEAL: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAY      JUN
                          1992/93 1993/94 1994/95 1995/96  1995/96  1996/97
    PRODUCTION
        UNITED STATES       27.55   27.68   30.18   29.51    30.54    30.65
        LATIN AMERICA       22.53   25.30   26.53   29.21    29.17    28.60
         BRAZIL             12.17   14.50   15.87   17.04    16.02    15.60
         ARGENTINA           6.92    7.15    7.00    8.38     8.80     8.80
         MEXICO              2.08    2.06    1.86    1.95     2.24     2.21
        EUROPEAN UNION      10.98    9.85   11.49   10.90    11.05    11.45
        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   16.31    16.64    16.86
         JAPAN               2.94    2.85    2.88    2.87     2.87     2.88
         CHINA               3.63    6.16    6.55    6.04     6.89     7.05
         TAIWAN              1.78    1.75    1.80    1.84     1.61     1.61
         INDIA               2.25    2.88    2.20    3.20     2.82     2.92
         OTHER               1.87    1.91    2.25    2.36     2.53     2.56
    
          TOTAL             76.45   81.27   87.17   89.19    91.01    91.20
    
    EXPORTS
        UNITED STATES        5.65    4.86    6.09    5.45     6.12     6.17
        BRAZIL               8.01   10.31   10.45   11.94    10.80    10.60
        ARGENTINA            6.54    6.76    6.73    8.22     8.50     8.50
        EUROPEAN UNION       4.04    3.85    3.67    4.07     3.50     4.16
        CHINA                0.40    1.05    1.28    0.10     0.10     0.10
        INDIA                2.01    2.20    1.58    2.50     2.30     2.50
        OTHER                0.74    0.92    1.13    1.29     1.42     1.45
    
          TOTAL             27.39   29.95   30.92   33.57    32.74    33.48
    
    IMPORTS
        EUROPEAN UNION      15.49   16.47   16.80   16.04    15.21    15.15
         FRANCE              3.50    3.80    3.79    3.34     3.33     3.30
         GERMANY             2.22    2.12    1.99    1.64     1.70     1.60
         NETHERLANDS         1.40    1.37    1.78    1.75     1.60     1.70
         ITALY               1.62    1.75    1.90    1.93     1.74     1.70
        EASTERN EUROPE       1.57    1.61    2.00    1.92     1.88     1.88
        FSU-12               1.45    0.57    0.52    0.28     0.16     0.16
         RUSSIA              1.10    0.20    0.21    0.03     0.06     0.06
         UKRAINE             0.30    0.25    0.23    0.25     0.10     0.10
        ASIA & OCEANIA       4.16    4.58    5.29    6.65     8.39     8.63
        CHINA                0.04    0.00    0.05    0.93     2.50     2.70
        MID-EAST/N AFR       2.20    2.69    3.01    3.21     3.26     3.28
        LATIN AMERICA        1.96    2.28    2.38    2.74     2.88     2.93
        OTHER                0.97    1.01    1.18    1.14     1.04     1.04
    
          TOTAL             27.87   29.26   31.22   32.04    32.87    33.12
    
    CONSUMPTION
        UNITED STATES       22.00   22.94   24.08   24.14    24.54    24.59
        LATIN AMERICA        8.91    9.71   10.94   11.04    11.76    11.56
         BRAZIL              3.89    4.18    5.38    5.21     5.40     5.30
         ARGENTINA           0.24    0.30    0.36    0.38     0.38     0.38
         MEXICO              2.48    2.41    2.22    2.30     2.49     2.46
        EUROPEAN UNION      22.24   22.68   24.42   22.85    22.75    22.57
         FRANCE              3.81    4.03    4.30    3.72     3.79     3.78
         GERMANY             3.49    3.37    3.37    3.21     3.17     3.41
         NETHERLANDS         2.51    2.52    3.11    2.63     2.92     2.47
         ITALY               3.15    3.16    3.24    3.18     3.10     3.12
         SPAIN               3.32    3.30    3.50    3.45     3.24     3.41
        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     0.50     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   20.35    22.73    22.98
         JAPAN               3.79    3.73    3.70    3.63     3.60     3.55
         CHINA               3.27    5.11    5.33    6.87     9.29     9.65
         TAIWAN              1.94    1.88    1.86    1.86     1.64     1.64
         KOREA, REP OF       1.45    1.49    1.77    1.92     1.90     1.88
        MID-EAST/N AFR       2.85    3.39    3.95    4.11     4.25     4.26
        OTHER                1.93    2.01    2.30    2.39     2.35     2.36
    
          TOTAL             76.12   80.72   87.05   87.82    91.31    91.25
    
    ENDING STOCKS
        UNITED STATES        0.19    0.14    0.20    0.19     0.16     0.18
        BRAZIL               0.93    0.94    0.98    0.97     0.29     0.87
        ARGENTINA            0.52    0.61    0.52    0.30     0.23     0.23
        OTHER                2.46    2.27    2.67    2.74     2.58     2.52
    
          TOTAL              4.09    3.95    4.37    4.21     3.25     3.80
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: JUNE 1997
    
    
    
                                     TABLE 8
                   SOYBEAN OIL: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM     MAY      JUN
                          1992/93 1993/94 1994/95 1995/96  1996/97  1996/97
    PRODUCTION
        UNITED STATES        6.25    6.33    7.08    6.91     7.02     7.02
        LATIN AMERICA        5.15    5.81    6.09    6.65     6.62     6.49
         BRAZIL              2.91    3.47    3.80    4.03     3.79     3.69
         ARGENTINA           1.47    1.52    1.49    1.78     1.87     1.87
         MEXICO              0.45    0.45    0.40    0.42     0.48     0.47
        EUROPEAN UNION       2.54    2.24    2.58    2.45     2.49     2.59
        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     3.50     3.55
          JAPAN              0.69    0.66    0.67    0.67     0.67     0.68
          CHINA              0.67    1.14    1.21    1.15     1.31     1.34
          TAIWAN             0.42    0.39    0.40    0.41     0.35     0.35
          INDIA              0.50    0.65    0.50    0.71     0.63     0.66
        OTHER                0.39    0.42    0.49    0.51     0.55     0.56
    
          TOTAL             17.22   18.25   19.70   20.17    20.42    20.44
    
    EXPORTS
        UNITED STATES        0.64    0.69    1.22    0.45     0.82     0.82
        BRAZIL               0.69    1.35    1.49    1.60     1.50     1.35
        ARGENTINA            1.45    1.45    1.41    1.56     1.80     1.80
        EUROPEAN UNION       1.06    0.91    1.29    1.11     1.13     1.19
        OTHER                0.37    0.46    0.52    0.57     0.66     0.66
    
          TOTAL              4.21    4.85    5.92    5.29     5.90     5.81
    
    IMPORTS
        UNITED STATES        0.01    0.03    0.01    0.04     0.02     0.02
        EUROPEAN UNION       0.53    0.50    0.63    0.55     0.61     0.56
        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    0.97     1.17     1.13
          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     0.93
          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    0.88     1.02     0.93
    
          TOTAL              3.90    4.74    6.11    5.07     5.70     5.53
    
    CONSUMPTION
        UNITED STATES        5.92    5.87    5.86    6.11     6.33     6.33
        LATIN AMERICA        3.63    3.74    3.99    3.96     4.16     4.14
          BRAZIL             2.28    2.32    2.47    2.53     2.60     2.60
          ARGENTINA          0.08    0.08    0.09    0.10     0.10     0.10
          MEXICO             0.53    0.52    0.45    0.45     0.52     0.52
        EUROPEAN UNION       2.00    1.85    1.92    1.95     1.99     1.97
        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    5.45     5.56     5.48
         JAPAN               0.69    0.67    0.68    0.67     0.68     0.68
         CHINA               0.77    1.76    2.53    2.61     2.64     2.67
         TAIWAN              0.38    0.39    0.39    0.40     0.36     0.36
         KOREA, REP OF       0.19    0.22    0.24    0.26     0.26     0.28
         INDIA               0.56    0.71    0.56    0.77     0.74     0.77
         PAKISTAN            0.28    0.18    0.17    0.16     0.17     0.17
         BANGLADESH          0.31    0.32    0.39    0.27     0.37     0.22
        MID-EAST/N AFR       1.30    1.55    1.53    1.19     1.39     1.35
         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    0.59     0.63     0.68
    
          TOTAL             17.23   18.42   19.47   19.60    20.48    20.35

             
    ENDING STOCKS
        UNITED STATES        0.71    0.50    0.52    0.91     0.82     0.82
        BRAZIL               0.32    0.35    0.37    0.38     0.24     0.29
        ARGENTINA            0.17    0.16    0.15    0.28     0.24     0.24
        OTHER                0.82    0.71    1.10    0.92     0.91     0.94
    
          TOTAL              2.01    1.72    2.14    2.49     2.22     2.29
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: JUNE 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   6,169      450      816
      BRAZIL                3,454   7,500  11,941  10,600    1,600    1,350
      ARGENTINA             2,087     500   8,223   8,500    1,556    1,800
      EUROPEAN UNION          270     279   4,071   4,161    1,110    1,187
        SPAIN                   2       1      30      60      178      190
        PORTUGAL                2       4      13      13       63       70
      PARAGUAY              1,600   1,650     508     587      124      135
      OTHER                 1,326   1,123   3,383   3,464      450      525
    
        WORLD TOTAL        31,902  35,410  33,571  33,481    5,290    5,813
    
    SELECTED IMPORTERS
      EUROPEAN UNION       14,235  14,878  16,044  15,148      551      557
        GERMANY             3,209   3,430   1,642   1,600       97      120
        NETHERLANDS         4,201   4,300   1,754   1,700       34       30
        SPAIN               2,335   2,530   1,969   1,600        5        8
        ITALY                 993   1,050   1,934   1,700       15       15
        BEL-LUX             1,224   1,168   1,032     968       40       45
        PORTUGAL              679     620     157     150        4       14
        FRANCE                511     720   3,343   3,300       59       57
        U.K.                  639     615   1,650   1,550      165      132
        DENMARK                72      70   1,400   1,400       41       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     329   1,915   1,884      111      114
        POLAND                 10      60     580     600       80       82
        HUNGARY                10       7     470     450        0        0
      ASIA                 11,768  13,151   6,291   8,250    2,197    2,317
        JAPAN               4,776   4,800     750     745        1        2
        TAIWAN              2,646   2,374      28      30        4       18
        KOREA, REP OF       1,422   1,500   1,059     950       55       60
        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   1,078   3,209   3,284      974    1,133
        ISRAEL                440     525      38      38       25       25
        IRAN                    0       0     560     540      340      380
        EGYPT                  88     115     419     540       98       90
        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         4,527   6,048   2,742   2,930      881      959
        MEXICO              2,401   2,750     350     250       50       70
        VENEZUELA             204     300     530     550      100      100
      CANADA                   66     130     731     650       41       55
      OTHER                   426     859     761     767      331      345
    
        WORLD TOTAL        32,121  35,443  32,040  33,121    5,066    5,528
    
    DATE: JUNE 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    5,718    5,925
    TOTAL CONSUM            MY      5,308   5,582   6,110    6,917    7,359
    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      403
    TOTAL CONSUM            MY      1,591   1,607   1,706    1,741    1,803
    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      112
    TOTAL CONSUM            MY        726     939   1,000      843      871
    TOTAL IMPORTS           MY        626     816     899      749      759
      SUNSEED OIL       (OCT-SEP)     200     180     280      138      190
      COTTONSEED OIL    (OCT-SEP)      60      82      90      107       73
      PALM OIL          (OCT-SEP)     325     420     370      390      390
      SOYBEAN OIL       (OCT-SEP)      25     117     127       98       90
    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    6,605
    TOTAL CONSUM            MY      5,748   7,287   9,521    9,158    9,542
    TOTAL IMPORTS           MY      1,115   2,487   4,431    2,811    3,436
      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      513      483
    TOTAL IMPORTS           MY        401     575     660      375      390
      SOYBEAN OIL       (OCT-SEP)     285     285     425      250      220
      PALM OIL          (OCT-SEP)      86     260     200       95      140
    
    TOTAL OF SELECTED
    IMPORTERS
    TOTAL PROD              MY     14,182  14,336  14,994   16,642   16,480
    TOTAL CONSUM            MY     19,362  21,411  24,780   24,951   25,688
    TOTAL IMPORTS           MY      5,666   7,869  11,096    9,296   10,041
      PALM OIL              MY      2,490   3,789   4,380    4,111    4,706
      SOYBEAN OIL           MY      1,600   2,342   3,500    2,717    2,926
      SUNSEED OIL           MY        730     715   1,482    1,375    1,424
      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: JUNE 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     924  24,985   43,869    4,707
    
    
    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)           -      33,275   1,041   6,387     -         242
    
    
    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)           -       8,242   1,436   1,343     -       1,167
    
    
    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: JUNE 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     549  24,358   38,918    3,538
      1997/98(97)          27,320  70,761     136  24,766   39,599    6,536
    
    
    
    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)           -      30,652      91   6,169     -         181
      1997/98(97)           -      31,343     136   6,078     -         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)           -       7,357      36     862     -         907
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: JUNE 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   2,200   7,700   19,400      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: JUNE 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  12,000     150     500   11,000      318
    
    
    
    
    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: JUNE 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)
      1989/90(88)           2,058   2,800       0      52    2,549      378
      1990/91(89)           2,200   3,200       0     115    3,340       82
      1991/92(90)           2,800   3,800       0     331    3,400      111
      1992/93(91)           2,300   4,200       0     338    3,747      181
      1993/94(92)           2,800   3,800       0     300    3,500      136
      1994/95(93)           2,300   3,100       0     200    2,850      136
      1995/96(94)           2,070   3,850       0     580    3,240      116
      1996/97(95)           2,800   5,900       0     884    4,951      121
      1997/98(96)           3,200   5,600       0     550    5,000      111
    
        
    
    SUNFLOWERSEED MEAL (MAR-FEB)
      1989/90(88)           -       1,110       0   1,050     -          97
      1990/91(89)           -       1,435       0   1,280     -         148
      1991/92(90)           -       1,462       0   1,403     -         140
      1992/93(91)           -       1,574       0   1,475     -         139
      1993/94(92)           -       1,470       0   1,375     -         114
      1994/95(93)           -       1,197       0   1,057     -         134
      1995/96(94)           -       1,393       0   1,300     -         107
      1996/97(95)           -       2,129       0   1,996     -          90
      1997/98(96)           -       2,100       0   1,954     -          96
       
    

    SUNFLOWERSEED OIL (MAR-FEB)
      1989/90(88)           -       1,033       0     699     -          63
      1990/91(89)           -       1,365       0     925     -         137
      1991/92(90)           -       1,377       0   1,162     -         134
      1992/93(91)           -       1,499       0   1,175     -         140
      1993/94(92)           -       1,400       0   1,050     -         140
      1994/95(93)           -       1,112       0     775     -         106
      1995/96(94)           -       1,280       0     920     -          76
      1996/97(95)           -       1,980       0   1,556     -          81
      1997/98(96)           -       2,000       0   1,510     -          91
    
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
           OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: JUNE 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   8,272    7,167
      SUNFLOWERSEED         4,056   3,506   4,026   3,236    3,893
      SOYBEANS              1,274     807   1,029     939    1,153
      OTHER                   540     594     647     717      642
    
          TOTAL            12,425  11,501  12,687  13,164   12,855
    
    PROTEIN MEAL CONSUMPTION 1/
      SOYBEAN              22,244  22,683  24,424  22,850   22,567
      SUNFLOWERSEED         3,503   3,761   4,279   4,441    4,470
      RAPESEED              4,322   4,345   5,070   5,207    4,734
      CORN GLUTEN FEED/M    6,550   6,325   6,455   6,450    6,500
      OTHER                 4,734   4,880   4,770   4,630    4,549
    
        TOTAL 3/           34,803  35,669  38,543  37,128   36,320
        TOTAL SME 4/       36,545  37,341  39,983  38,543   37,862
    
    OIL CONSUMPTION 1/
      SOYBEAN               1,997   1,848   1,920   1,951    1,965
      OLIVE                 1,328   1,343   1,344   1,178    1,393
      SUNFLOWERSEED         1,803   1,746   1,818   1,851    1,756
      RAPESEED              1,718   1,666   2,010   2,075    1,894
      OTHER                 3,035   3,277   3,369   3,263    3,251
    
        TOTAL               9,881   9,880  10,461  10,318   10,259
    
    IMPORTS(EX.INTRA TRADE) 5/ 6/
      SOYBEANS             14,900  12,870  15,695  13,940   14,663
      SOYBEAN MEAL         13,120  13,877  13,903  13,499   12,614
      SUNFLOWERSEED           812   1,457   1,611   2,243    1,491
        
    EXPORTS(EX.INTRA TRADE) 5/ 6/
      SOYBEAN MEAL          1,091     571     771     635      628
      SOYBEAN OIL             516     368     703     489      554
      RAPESEED OIL            570     906   1,067     852      672
    
    
    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: JUNE 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: JUNE 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   10,140
      RAPESEED              7,653   6,940   7,492   9,777    9,170
      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   41,660
    
    PROTEIN MEAL CONSUMPTION
      SOYBEAN               3,274   5,110   5,329   6,867    9,647
      COTTONSEED            1,966   2,088   2,513   2,954    2,514
      RAPESEED              3,375   3,396   4,236   5,145    4,889
      PEANUT                1,116   1,580   2,127   2,277    2,315
      OTHER                 1,145   1,032   1,300   1,220    1,256
    
        TOTAL 1/           10,876  13,206  15,505  18,463   20,621
        TOTAL SME 2/        9,901  12,271  14,417  17,048   19,379
    
    OIL CONSUMPTION
      SOYBEAN                 770   1,763   2,527   2,611    2,672
      COTTONSEED              869     775     897     995      867
      PALM                    700   1,136   1,437     806    1,300
      RAPESEED              2,363   2,314   2,997   3,088    3,013
      PEANUT                  769   1,059   1,359   1,429    1,458
      OTHER                   277     240     304     229      232
    
        TOTAL 1/            5,748   7,287   9,521   9,158    9,542
    
    IMPORTS 3/
      SOYBEANS                150     125     155     795    2,100
      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     390      400
      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: JUNE 1997


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Last modified: Tuesday, September 14, 2004