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October 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-331), October 10, 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 November 12, 1997.
Summary
U.S. oilseed production for 1997 is projected at a record 84.2 million tons, down 0.6 million tons from last month but up nearly 9 million tons above 1996. Smaller soybean and peanut crops account for the drop as yields in the Southeast were curtailed by dry growing conditions. U.S. soybean production is forecast at a record high 74.1 million tons or 2.7 billion bushels with estimated yields of 39 bushels per acre (2.6 tons/ha), second only to the record 41.4 bushels in 1994/95. Soybean supplies of 77.8 million tons (2.9 billion bushels) are little changed from a month ago, reflecting larger beginning stocks of 132 million bushels.
U.S. soybean crush prospects for 1997/98 are unchanged this month while soybean export prospects are increased slightly to 26.1 million tons, based mostly on slightly larger imports by Argentina. At the same time, U.S. soybean meal export prospects are cut to 6.7 million tons as additional soybean meal exports by both Argentina and India more than offset increased use and imports by China. China's soybean meal imports are increased for both 1996/97 and 1997/98, to 3.3 and 4.0 million tons, respectively. Domestic U.S. soybean meal use is increased this month for both old crop and new crop. In perhaps the most significant change this month, global vegetable oil stocks are projected at the lowest levels since 1994/95. The United States accounts for roughly 15 percent of total world oil stocks and 32 percent of world soybean oil stocks, both up slightly from last season. Global demand for oils remains strong, particularly in the United States and China, and with supply growth for oils other than soybean oil projected to slow in 1997/98, prospects for soybean oil are considerably improved. China's soybean oil imports are increased for 1996/97 and 1997/98, to 1.65 and 1.75 million metric tons, respectively.
Season-average farm prices for U.S. soybeans are forecast at $5.75 to $6.85 per bushel, up slightly from last month. Soybean meal prices are forecast at $195 to $225 per short ton while soybean oil prices are raised to 23.0 to 26.0 cents per pound.
World oilseed production is forecast 0.9 million tons higher this month at 276.4 million tons, and with increased consumption prospects, oilseed and vegetable oil stocks are reduced. Foreign oilseed production, at 192.3 million tons, is up 1.6 million tons from last month. India's soybean crop is increased to a record 5.0 million tons, up 0.5 million, as timely rains helped yields. Better-than-expected yields also were a factor in higher rapeseed and sunflowerseed production estimates for the EU and Eastern Europe.
TABLE 1.
MAJOR OILSEEDS: WORLD SUPPLY AND DISTRIBUTION
(MILLION METRIC TONS)
PRELIM SEP OCT
1993/94 1994/95 1995/96 1996/97 1997/98 1997/98
PRODUCTION
SOYBEAN 117.75 137.65 124.44 131.36 147.40 147.24
COTTONSEED 29.49 32.90 35.63 34.10 34.41 34.84
PEANUT 23.98 26.46 26.28 26.65 24.58 24.51
SUNFLOWERSEED 20.77 23.40 25.76 23.72 24.97 25.30
RAPESEED 26.72 30.29 34.61 30.63 33.20 33.64
COPRA 4.97 5.48 5.03 5.40 5.46 5.46
PALM KERNEL 4.25 4.62 4.97 5.34 5.50 5.45
TOTAL 227.94 260.81 256.71 257.19 275.51 276.44
EXPORTS
SOYBEAN 28.18 32.16 31.95 35.98 38.30 38.57
COTTONSEED 0.91 1.03 0.94 0.80 0.95 0.95
PEANUT 1.49 1.60 1.78 1.52 1.52 1.50
SUNFLOWERSEED 2.57 3.19 3.77 2.74 3.67 3.69
RAPESEED 5.28 5.85 5.84 5.41 5.43 5.58
COPRA 0.24 0.21 0.21 0.22 0.21 0.21
PALM KERNEL 0.06 0.06 0.06 0.06 0.06 0.06
TOTAL 38.73 44.11 44.54 46.72 50.15 50.56
IMPORTS
SOYBEAN 28.37 32.81 32.08 36.25 38.29 38.59
COTTONSEED 0.89 1.04 0.89 0.87 0.90 0.90
PEANUT 1.44 1.53 1.54 1.47 1.57 1.52
SUNFLOWERSEED 2.51 3.14 3.72 2.81 3.56 3.59
RAPESEED 5.20 5.91 5.64 5.47 5.50 5.54
COPRA 0.26 0.24 0.22 0.24 0.24 0.24
PALM KERNEL 0.04 0.05 0.05 0.06 0.05 0.05
TOTAL 38.69 44.72 44.13 47.18 50.11 50.43
CRUSH
SOYBEAN 102.07 109.83 112.12 115.92 120.60 121.41
COTTONSEED 22.98 25.26 28.32 26.39 26.44 26.70
PEANUT 12.84 14.42 14.06 14.59 13.05 12.95
SUNFLOWERSEED 17.99 20.59 22.48 21.87 22.55 22.73
RAPESEED 24.34 27.16 30.62 28.52 29.72 30.32
COPRA 4.95 5.50 4.97 5.40 5.46 5.46
PALM KERNEL 4.26 4.51 4.94 5.28 5.43 5.38
TOTAL 189.43 207.26 217.51 217.95 223.25 224.94
ENDING STOCKS
SOYBEAN 17.34 23.70 16.72 12.77 18.68 18.16
COTTONSEED 0.53 0.63 0.59 0.57 0.50 0.52
PEANUT 0.61 0.75 0.55 0.50 0.51 0.49
SUNFLOWERSEED 0.79 0.94 1.54 1.14 1.04 1.09
RAPESEED 0.80 0.97 1.61 0.95 1.06 1.09
COPRA 0.11 0.08 0.11 0.10 0.09 0.09
PALM KERNEL 0.12 0.18 0.16 0.17 0.19 0.19
TOTAL 20.30 27.24 21.29 16.18 22.06 21.64
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
DATE: OCTOBER 1997
TABLE 2.
MAJOR PROTEIN MEALS: WORLD SUPPLY AND DISTRIBUTION
(MILLION METRIC TONS)
PRELIM SEP OCT
1993/94 1994/95 1995/96 1996/97 1997/98 1997/98
PRODUCTION
SOYBEAN 81.27 87.17 89.15 92.31 96.09 96.70
COTTONSEED 10.67 11.74 13.21 12.42 12.29 12.36
RAPESEED 14.81 16.48 18.61 17.38 18.03 18.27
SUNFLOWERSEED 8.36 9.50 10.03 9.87 10.02 10.08
FISH 7.11 6.69 6.37 6.68 6.36 6.36
PEANUT 5.24 5.88 5.73 5.94 5.32 5.28
COPRA 1.68 1.88 1.70 1.83 1.86 1.86
PALM KERNEL 2.25 2.39 2.60 2.78 2.86 2.86
TOTAL 131.39 141.75 147.39 149.22 152.83 153.77
EXPORTS
SOYBEAN 29.95 30.92 33.77 33.90 34.99 35.21
COTTONSEED 1.13 1.10 1.11 0.82 0.87 0.90
RAPESEED 3.36 3.55 4.30 4.16 4.19 4.19
SUNFLOWERSEED 2.14 2.80 2.92 2.94 2.96 2.96
FISH 4.34 4.40 3.85 4.29 3.93 3.93
PEANUT 0.85 0.63 0.60 0.55 0.54 0.54
COPRA 1.01 1.30 0.99 1.09 1.11 1.11
PALM KERNEL 1.90 2.05 2.20 2.35 2.39 2.39
TOTAL 44.67 46.74 49.74 50.08 50.99 51.23
IMPORTS
SOYBEAN 29.26 31.25 32.71 33.73 35.01 35.26
COTTONSEED 1.14 1.04 1.03 0.83 0.83 0.83
RAPESEED 3.43 3.81 3.88 3.87 4.10 4.14
SUNFLOWERSEED 2.14 2.68 2.86 2.93 2.90 2.90
FISH 4.35 4.22 4.05 4.20 3.90 3.90
PEANUT 0.78 0.64 0.54 0.55 0.57 0.54
COPRA 1.01 1.16 1.04 1.03 1.08 1.08
PALM KERNEL 1.83 1.92 1.99 2.17 2.33 2.33
TOTAL 43.93 46.71 48.10 49.31 50.72 50.98
CONSUMPTION
SOYBEAN 80.72 87.08 88.14 92.36 96.19 96.83
COTTONSEED 10.70 11.69 13.09 12.45 12.23 12.28
RAPESEED 14.89 16.60 18.09 17.20 17.93 18.19
SUNFLOWERSEED 8.41 9.26 9.83 9.92 10.04 10.10
FISH 6.92 6.37 6.55 6.77 6.44 6.44
PEANUT 5.18 5.92 5.68 5.94 5.34 5.28
COPRA 1.63 1.82 1.74 1.79 1.83 1.83
PALM KERNEL 2.17 2.25 2.40 2.58 2.78 2.78
TOTAL 130.62 141.00 145.52 149.00 152.79 153.74
ENDING STOCKS
SOYBEAN 3.95 4.37 4.34 4.14 3.99 4.05
COTTONSEED 0.15 0.15 0.18 0.17 0.17 0.17
RAPESEED 0.48 0.62 0.71 0.60 0.61 0.63
SUNFLOWERSEED 0.21 0.32 0.46 0.41 0.33 0.34
FISH 0.85 0.99 1.02 0.84 0.74 0.74
PEANUT 0.07 0.03 0.02 0.02 0.02 0.02
COPRA 0.16 0.07 0.08 0.07 0.06 0.06
PALM KERNEL 0.25 0.26 0.25 0.27 0.28 0.28
TOTAL 6.10 6.82 7.07 6.52 6.22 6.30
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
DATE: OCTOBER 1997
TABLE 3.
MAJOR VEGETABLE AND MARINE OILS: WORLD SUPPLY AND DISTRIBUTION
(MILLION METRIC TONS)
PRELIM SEP OCT
1993/94 1994/95 1995/96 1996/97 1997/98 1997/98
PRODUCTION
SOYBEAN 18.25 19.70 20.17 20.72 21.67 21.82
PALM 13.74 14.89 16.01 17.13 17.50 17.60
SUNFLOWERSEED 7.08 8.20 8.95 8.65 8.83 8.90
RAPESEED 9.03 10.09 11.39 10.53 10.91 11.13
COTTONSEED 3.38 3.73 4.11 3.86 3.83 3.85
PEANUT 3.67 4.14 4.12 4.31 3.92 3.89
COCONUT 3.09 3.43 3.09 3.35 3.39 3.39
OLIVE 1.76 1.77 1.44 2.24 1.99 2.00
FISH 1.52 1.41 1.39 1.45 1.36 1.36
PALM KERNEL 1.88 2.00 2.17 2.33 2.39 2.39
TOTAL 63.39 69.35 72.86 74.56 75.79 76.32
EXPORTS
SOYBEAN 4.85 5.92 5.29 5.91 6.02 6.19
PALM 1/ 9.93 9.71 9.89 10.61 10.67 10.77
SUNFLOWERSEED 2.33 3.45 3.13 3.31 3.44 3.46
RAPESEED 2.23 2.64 2.62 2.25 2.58 2.59
COTTONSEED 0.50 0.59 0.53 0.49 0.50 0.51
PEANUT 0.29 0.24 0.29 0.20 0.22 0.21
COCONUT 1.50 1.83 1.62 1.70 1.71 1.71
OLIVE 0.75 0.74 0.69 0.82 0.81 0.81
FISH 0.95 1.06 0.87 0.90 0.83 0.83
PALM KERNEL 0.93 0.84 0.93 1.01 0.99 0.99
TOTAL 24.25 27.03 25.86 27.18 27.76 28.06
IMPORTS
SOYBEAN 4.74 6.10 5.13 5.84 6.13 6.28
PALM 1/ 9.68 9.65 9.48 10.28 10.63 10.68
SUNFLOWERSEED 2.39 3.32 3.15 3.09 3.44 3.44
RAPESEED 2.21 2.77 2.36 2.40 2.57 2.57
COTTONSEED 0.46 0.54 0.52 0.49 0.51 0.51
PEANUT 0.30 0.29 0.30 0.22 0.27 0.23
COCONUT 1.39 1.77 1.51 1.58 1.59 1.59
OLIVE 0.75 0.77 0.63 0.78 0.76 0.76
FISH 0.76 0.90 0.81 0.80 0.80 0.80
PALM KERNEL 0.94 0.82 0.83 0.92 0.97 0.97
TOTAL 23.61 26.92 24.71 26.40 27.66 27.81
CONSUMPTION
SOYBEAN 18.42 19.46 19.64 20.87 21.76 21.99
PALM 13.95 14.72 15.38 16.66 17.58 17.63
SUNFLOWERSEED 7.24 8.04 8.59 8.78 8.98 9.01
RAPESEED 9.01 10.35 11.08 10.72 10.91 11.11
COTTONSEED 3.32 3.68 4.09 3.89 3.84 3.85
PEANUT 3.70 4.18 4.10 4.34 3.97 3.91
COCONUT 2.92 3.37 3.07 3.17 3.27 3.27
OLIVE 1.88 1.88 1.66 1.90 2.01 2.01
FISH 1.20 1.27 1.33 1.35 1.33 1.33
PALM KERNEL 1.96 1.95 2.02 2.23 2.35 2.35
TOTAL 63.60 68.90 70.94 73.92 75.99 76.47
ENDING STOCKS
SOYBEAN 1.72 2.14 2.51 2.30 2.39 2.22
PALM 1.25 1.35 1.58 1.71 1.59 1.59
SUNFLOWERSEED 0.72 0.74 1.16 0.81 0.69 0.68
RAPESEED 0.43 0.30 0.36 0.32 0.31 0.32
COTTONSEED 0.11 0.11 0.12 0.10 0.10 0.10
PEANUT 0.04 0.04 0.07 0.05 0.05 0.04
COCONUT 0.31 0.31 0.22 0.28 0.28 0.28
OLIVE 0.87 0.79 0.51 0.80 0.73 0.73
FISH 0.40 0.38 0.39 0.39 0.39 0.39
PALM KERNEL 0.15 0.17 0.22 0.23 0.25 0.25
TOTAL 6.00 6.33 7.14 6.99 6.78 6.59
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
1/ PALM OIL TRADE EXCLUDES TRANSSHIPMENTS THROUGH SINGAPORE
DATE: OCTOBER 1997
TABLE 4
MAJOR OILSEEDS, PROTEIN MEALS, FATS AND OILS:
WORLD PRODUCTION 1/
(MILLION METRIC TONS)
PRELIM SEP OCT
1993/94 1994/95 1995/96 1996/97 1997/98 1997/98
WORLD OILSEEDS:
SOYBEAN 117.75 137.65 124.44 131.36 147.40 147.24
COTTONSEED 29.49 32.90 35.63 34.10 34.41 34.84
PEANUT 23.98 26.46 26.28 26.65 24.58 24.51
SUNFLOWERSEED 20.77 23.40 25.76 23.72 24.97 25.30
RAPESEED 26.72 30.29 34.61 30.63 33.20 33.64
COPRA 4.97 5.48 5.03 5.40 5.46 5.46
PALM KERNEL 4.25 4.62 4.97 5.34 5.50 5.45
TOTAL 227.94 260.81 256.71 257.19 275.51 276.44
PROTEIN MEALS:
SOYBEAN 81.27 87.17 89.15 92.31 96.09 96.70
COTTONSEED 10.67 11.74 13.21 12.42 12.29 12.36
PEANUT 5.24 5.88 5.73 5.94 5.32 5.28
SUNFLOWERSEED 8.36 9.50 10.03 9.87 10.02 10.08
RAPESEED 14.81 16.48 18.61 17.38 18.03 18.27
COPRA 1.68 1.88 1.70 1.83 1.86 1.86
PALM KERNEL 2.25 2.39 2.60 2.78 2.86 2.86
FISH 7.11 6.69 6.37 6.68 6.36 6.36
TOTAL 131.39 141.75 147.39 149.22 152.83 153.77
44% PROTEIN MEAL EQUIVALENT 2/:
SOYBEAN 81.27 87.17 89.15 92.31 96.09 96.70
COTTONSEED 8.64 9.52 10.70 10.06 9.96 10.01
PEANUT 5.89 6.61 6.44 6.68 5.98 5.93
SUNFLOWERSEED 7.90 8.97 9.47 9.32 9.46 9.52
RAPESEED 10.54 11.73 13.24 12.36 12.83 13.00
COPRA 0.76 0.85 0.77 0.83 0.84 0.84
PALM KERNEL 0.80 0.85 0.93 0.99 1.02 1.02
FISH 10.28 9.67 9.20 9.66 9.20 9.20
TOTAL 126.07 135.37 139.89 142.21 145.37 146.22
FATS & OILS
EDIBLE VEGETABLE:
SOYBEAN 18.25 19.70 20.17 20.72 21.67 21.82
COTTONSEED 3.38 3.73 4.11 3.86 3.83 3.85
PEANUT 3.67 4.14 4.12 4.31 3.92 3.89
SUNFLOWERSEED 7.08 8.20 8.95 8.65 8.83 8.90
RAPESEED 9.03 10.09 11.39 10.53 10.91 11.13
OLIVE 1.76 1.77 1.44 2.24 1.99 2.00
COCONUT 3.09 3.43 3.09 3.35 3.39 3.39
PALM KERNEL 1.88 2.00 2.17 2.33 2.39 2.39
PALM 13.74 14.89 16.01 17.13 17.50 17.60
TOTAL 61.87 67.95 71.47 73.12 74.43 74.96
MARINE OILS:
FISH 1.52 1.41 1.39 1.45 1.36 1.36
TOTAL 1.52 1.41 1.39 1.45 1.36 1.36
ANIMAL FATS:
BUTTER
(FAT CONTENT) 3/ 4.25 4.26 4.30 4.30 4.30 4.30
TALLOW & GREASE 7.57 7.72 8.00 8.00 8.00 8.00
TOTAL 11.82 11.98 12.29 12.29 12.29 12.29
TOTAL
(FATS & OILS) 75.21 81.34 85.15 86.86 88.08 88.61
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: OCTOBER 1997
TABLE 5.
MAJOR OILSEEDS: 1/
AREA AND PRODUCTION BY MAIN PRODUCERS
AVG 91/92-95/96 PRELIM 1996/97 FORCST 1997/98
AREA 2/ PROD 3/ AREA 2/ PROD 3/ AREA 2/ PROD 3/
SOYBEAN
UNITED STATES 23.96 58.47 25.66 64.84 28.25 74.08
BRAZIL 10.88 23.22 11.80 26.50 12.60 28.00
CHINA 8.21 12.96 7.47 13.22 8.20 13.50
ARGENTINA 5.36 11.97 6.20 11.50 6.50 14.20
EUROPEAN UNION 4/ 0.38 1.12 0.34 1.15 0.43 1.44
PARAGUAY 1.03 1.89 1.20 2.60 1.25 2.70
OTHER 9.28 11.27 10.04 11.55 10.84 13.32
TOTAL 59.10 120.89 62.71 131.36 68.07 147.24
COTTONSEED
CHINA 5.87 8.05 4.72 7.56 4.50 6.85
UNITED STATES 5.36 6.16 5.21 6.48 5.44 6.40
FSU-12 2.82 3.69 2.55 2.78 2.63 3.41
INDIA 7.92 4.52 9.17 5.76 9.00 5.45
PAKISTAN 2.84 3.29 3.20 3.18 3.20 3.50
BRAZIL 1.32 0.86 0.70 0.47 0.90 0.63
OTHER 7.02 6.68 8.21 7.87 8.37 8.60
TOTAL 33.14 33.25 33.75 34.10 34.04 34.84
PEANUT
INDIA 8.22 7.87 8.20 8.20 8.10 8.00
CHINA 3.37 8.11 3.62 10.14 3.60 8.00
UNITED STATES 0.69 1.84 0.56 1.66 0.56 1.59
SENEGAL 0.88 0.70 0.92 0.60 0.83 0.72
SUDAN 0.55 0.39 0.55 0.40 0.55 0.40
BRAZIL 0.09 0.15 0.09 0.15 0.09 0.15
ARGENTINA 0.16 0.27 0.28 0.30 0.29 0.43
SOUTH AFRICA 0.14 0.15 0.10 0.14 0.12 0.17
OTHER 5.47 4.84 5.52 5.06 5.52 5.06
TOTAL 19.57 24.34 19.82 26.65 19.65 24.51
SUNFLOWERSEED
FSU-12 5.26 5.66 6.59 5.21 6.27 6.13
ARGENTINA 2.63 4.45 2.90 5.20 3.30 6.00
EASTERN EUROPE 1.70 2.48 2.13 3.02 1.84 2.76
UNITED STATES 1.13 1.60 1.01 1.63 1.14 1.70
CHINA 0.79 1.36 0.69 1.33 0.80 1.25
EUROPEAN UNION 4/ 2.64 3.77 2.35 3.90 2.28 3.71
OTHER 4.36 3.29 4.30 3.44 4.36 3.74
TOTAL 18.51 22.61 19.96 23.72 19.99 25.30
RAPESEED
CHINA 6.02 7.86 6.73 9.20 6.70 9.40
EUROPEAN UNION 4/ 2.66 7.27 2.65 7.14 2.72 8.44
CANADA 4.26 5.45 3.45 5.06 4.85 6.10
INDIA 6.36 5.64 6.40 6.30 6.40 6.20
EASTERN EUROPE 0.71 1.52 0.68 1.25 0.71 1.37
OTHER 1.42 1.31 1.61 1.68 2.01 2.13
TOTAL 21.43 29.04 21.52 30.63 23.39 33.64
TOTAL OILSEEDS 151.75 230.13 157.76 246.46 165.14 265.53
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: OCTOBER 1997
TABLE 6
SOYBEANS: WORLD SUPPLY AND DISTRIBUTION
(MILLION METRIC TONS)
PRELIM SEP OCT
1993/94 1994/95 1995/96 1996/97 1997/98 1997/98
PRODUCTION
UNITED STATES 50.92 68.49 59.24 64.84 74.73 74.08
BRAZIL 24.70 25.90 23.70 26.50 28.00 28.00
ARGENTINA 12.40 12.50 12.43 11.50 14.20 14.20
CHINA 15.31 16.00 13.50 13.22 13.50 13.50
EUROPEAN UNION 0.81 1.03 0.94 1.15 1.41 1.44
PARAGUAY 1.80 2.20 2.40 2.60 2.70 2.70
OTHER 11.81 11.53 12.23 11.55 12.85 13.32
TOTAL 117.75 137.65 124.44 131.36 147.40 147.24
EXPORTS
UNITED STATES 16.03 22.81 23.17 24.00 25.86 26.13
BRAZIL 5.43 3.57 3.45 8.00 7.35 7.35
ARGENTINA 3.07 2.50 2.09 0.75 1.50 1.50
PARAGUAY 1.20 1.45 1.60 1.65 1.68 1.68
CHINA 1.10 0.39 0.22 0.20 0.20 0.20
OTHER 1.35 1.43 1.42 1.38 1.72 1.72
TOTAL 28.18 32.16 31.95 35.98 38.30 38.57
IMPORTS
EUROPEAN UNION 13.11 16.05 14.24 15.12 15.08 15.08
GERMANY 2.79 2.96 3.21 3.43 3.41 3.41
NETHERLANDS 4.14 4.62 4.20 4.30 4.45 4.45
SPAIN 1.72 2.85 2.34 2.53 2.60 2.60
ITALY 1.17 1.30 0.99 1.05 0.68 0.68
BEL-LUX 1.22 1.37 1.22 1.17 1.23 1.23
PORTUGAL 0.53 0.95 0.68 0.62 0.77 0.77
OTHER W EUROPE 0.29 0.40 0.38 0.38 0.38 0.38
EASTERN EUROPE 0.28 0.24 0.20 0.20 0.31 0.31
FSU-12 0.10 0.10 0.07 0.05 0.06 0.06
RUSSIA 0.07 0.04 0.04 0.01 0.02 0.02
UKRAINE 0.03 0.02 0.02 0.02 0.02 0.02
CHINA 0.13 0.16 0.80 2.20 3.00 3.00
JAPAN 4.86 4.84 4.78 5.00 4.75 4.85
KOREA, REP OF 1.16 1.38 1.42 1.60 1.55 1.55
TAIWAN 2.50 2.60 2.65 2.37 2.50 2.50
INDONESIA 0.71 0.62 0.72 0.80 0.92 0.92
MEXICO 2.20 1.87 2.40 3.06 3.10 3.10
BRAZIL 0.11 1.20 0.80 0.80 2.00 2.00
OTHER 2.94 3.36 3.63 4.68 4.64 4.84
TOTAL 28.37 32.81 32.08 36.25 38.29 38.59
CRUSH
UNITED STATES 34.72 38.24 37.27 39.08 40.69 40.69
LATIN AMERICA 31.90 33.39 36.57 36.62 37.72 37.92
BRAZIL 18.44 20.19 21.57 20.10 20.20 20.20
ARGENTINA 8.77 8.59 10.29 10.95 11.65 11.85
MEXICO 2.64 2.33 2.44 3.08 3.20 3.20
EUROPEAN UNION 12.24 14.43 13.65 14.70 14.74 14.77
OTHER W EUROPE 0.28 0.39 0.38 0.38 0.38 0.38
FSU-12 0.53 0.43 0.34 0.21 0.18 0.18
EASTERN EUROPE 0.42 0.41 0.41 0.45 0.55 0.55
ASIA 19.56 19.68 20.50 21.17 22.76 23.34
JAPAN 3.70 3.76 3.70 3.81 3.70 3.80
CHINA 7.61 8.09 7.45 8.52 9.60 9.58
TAIWAN 2.24 2.34 2.36 2.07 2.19 2.19
OTHER 2.42 2.87 3.01 3.32 3.58 3.58
TOTAL 102.07 109.83 112.12 115.92 120.60 121.41
ENDING STOCKS
UNITED STATES 5.69 9.11 4.99 3.58 7.76 7.35
BRAZIL 5.46 7.20 5.07 2.90 3.75 3.75
ARGENTINA 3.77 4.67 4.22 3.82 4.72 4.52
OTHER 2.43 2.72 2.44 2.47 2.45 2.55
TOTAL 17.34 23.70 16.72 12.77 18.68 18.16
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
DATE: OCTOBER 1997
TABLE 7
SOYBEAN MEAL: WORLD SUPPLY AND DISTRIBUTION
(MILLION METRIC TONS)
PRELIM SEP OCT
1993/94 1994/95 1995/96 1996/97 1996/97 1997/98
PRODUCTION
UNITED STATES 27.68 30.18 29.51 31.03 32.23 32.18
LATIN AMERICA 25.30 26.53 29.17 29.24 30.23 30.39
BRAZIL 14.50 15.87 17.04 15.88 15.96 15.96
ARGENTINA 7.15 7.00 8.38 8.92 9.50 9.66
MEXICO 2.06 1.86 1.95 2.46 2.66 2.66
EUROPEAN UNION 9.85 11.49 10.91 11.71 11.75 11.77
OTHER W EUROPE 0.22 0.30 0.29 0.29 0.29 0.29
EASTERN EUROPE 0.33 0.33 0.33 0.37 0.39 0.39
FSU-12 0.43 0.51 0.26 0.22 0.22 0.22
ASIA 15.55 15.58 16.31 16.84 18.14 18.61
JAPAN 2.85 2.88 2.87 2.94 2.87 2.95
CHINA 6.16 6.55 6.04 6.90 7.78 7.76
TAIWAN 1.75 1.80 1.84 1.61 1.71 1.71
INDIA 2.88 2.20 3.20 2.92 3.20 3.60
OTHER 1.91 2.25 2.36 2.62 2.85 2.85
TOTAL 81.27 87.17 89.15 92.31 96.09 96.70
EXPORTS
UNITED STATES 4.86 6.09 5.45 6.44 6.90 6.71
BRAZIL 10.31 10.45 11.94 10.66 10.65 10.65
ARGENTINA 6.76 6.73 8.22 8.60 9.00 9.15
EUROPEAN UNION 3.85 3.67 4.07 4.15 4.05 4.05
CHINA 1.05 1.28 0.10 0.03 0.03 0.03
INDIA 2.20 1.58 2.60 2.50 2.75 3.00
OTHER 0.92 1.13 1.39 1.52 1.62 1.62
TOTAL 29.95 30.92 33.77 33.90 34.99 35.21
IMPORTS
EUROPEAN UNION 16.47 16.80 15.79 14.98 15.50 15.50
FRANCE 3.80 3.79 3.34 3.30 3.40 3.40
GERMANY 2.12 1.99 1.64 1.60 1.50 1.50
NETHERLANDS 1.37 1.78 1.75 1.70 1.75 1.75
ITALY 1.75 1.90 1.93 1.70 1.80 1.80
EASTERN EUROPE 1.61 2.00 1.89 1.77 1.89 1.89
FSU-12 0.57 0.52 0.38 0.25 0.26 0.26
RUSSIA 0.20 0.21 0.04 0.09 0.09 0.09
UKRAINE 0.25 0.23 0.25 0.10 0.11 0.11
ASIA & OCEANIA 4.59 5.32 7.32 9.41 9.91 10.16
CHINA 0.00 0.05 1.55 3.30 3.75 4.00
MID-EAST/N AFR 2.69 3.01 3.21 3.28 3.37 3.37
LATIN AMERICA 2.28 2.38 2.93 2.95 3.03 3.03
OTHER 1.01 1.18 1.14 1.04 1.00 1.00
TOTAL 29.26 31.25 32.71 33.73 35.01 35.26
CONSUMPTION
UNITED STATES 22.94 24.08 24.14 24.65 25.40 25.58
LATIN AMERICA 9.71 10.94 11.03 11.77 12.35 12.35
BRAZIL 4.18 5.38 5.21 5.40 5.50 5.50
ARGENTINA 0.30 0.36 0.38 0.38 0.39 0.39
MEXICO 2.41 2.22 2.30 2.66 2.86 2.86
EUROPEAN UNION 22.68 24.42 22.60 22.68 23.15 23.17
FRANCE 4.03 4.30 3.72 3.78 3.80 3.82
GERMANY 3.37 3.37 3.21 3.41 3.32 3.32
NETHERLANDS 2.52 3.11 2.63 2.47 2.62 2.62
ITALY 3.16 3.24 3.18 3.12 3.06 3.06
SPAIN 3.30 3.50 3.45 3.41 3.38 3.38
OTHER W EUROPE 0.15 0.17 0.17 0.17 0.18 0.18
FSU-12 1.00 1.03 0.64 0.47 0.47 0.47
EASTERN EUROPE 1.93 2.27 2.14 2.12 2.25 2.25
POLAND 0.55 0.71 0.78 0.74 0.84 0.84
ASIA & OCEANIA 16.92 17.93 20.92 23.82 25.44 25.88
JAPAN 3.73 3.70 3.63 3.68 3.71 3.77
CHINA 5.11 5.33 7.49 10.18 11.50 11.74
TAIWAN 1.88 1.86 1.86 1.64 1.74 1.74
KOREA, REP OF 1.49 1.77 1.92 1.96 1.98 1.98
MID-EAST/N AFR 3.39 3.95 4.11 4.26 4.48 4.48
OTHER 2.01 2.30 2.39 2.42 2.47 2.47
TOTAL 80.72 87.08 88.14 92.36 96.19 96.83
ENDING STOCKS
UNITED STATES 0.14 0.20 0.19 0.23 0.23 0.23
BRAZIL 0.94 0.98 0.97 0.99 0.90 0.90
ARGENTINA 0.61 0.52 0.30 0.25 0.33 0.37
OTHER 2.27 2.67 2.87 2.67 2.53 2.56
TOTAL 3.95 4.37 4.34 4.14 3.99 4.05
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
DATE: OCTOBER 1997
TABLE 8
SOYBEAN OIL: WORLD SUPPLY AND DISTRIBUTION
(MILLION METRIC TONS)
PRELIM SEP OCT
1993/94 1994/95 1995/96 1996/97 1997/98 1997/98
PRODUCTION
UNITED STATES 6.33 7.08 6.91 7.14 7.56 7.56
LATIN AMERICA 5.81 6.09 6.64 6.63 6.82 6.86
BRAZIL 3.47 3.80 4.03 3.76 3.78 3.78
ARGENTINA 1.52 1.49 1.78 1.89 2.02 2.05
MEXICO 0.45 0.40 0.42 0.52 0.54 0.54
EUROPEAN UNION 2.24 2.58 2.47 2.66 2.66 2.66
OTHER W EUROPE 0.05 0.07 0.07 0.07 0.07 0.07
FSU-12 0.08 0.06 0.05 0.04 0.04 0.04
EASTERN EUROPE 0.07 0.07 0.07 0.08 0.10 0.10
ASIA 3.26 3.25 3.45 3.53 3.81 3.91
JAPAN 0.66 0.67 0.67 0.69 0.67 0.68
CHINA 1.14 1.21 1.15 1.31 1.47 1.48
TAIWAN 0.39 0.40 0.41 0.35 0.38 0.38
INDIA 0.65 0.50 0.71 0.66 0.72 0.81
OTHER 0.42 0.49 0.51 0.57 0.62 0.62
TOTAL 18.25 19.70 20.17 20.72 21.67 21.82
EXPORTS
UNITED STATES 0.69 1.22 0.45 0.93 1.02 1.09
BRAZIL 1.35 1.49 1.60 1.33 1.33 1.33
ARGENTINA 1.45 1.41 1.56 1.78 1.90 2.00
EUROPEAN UNION 0.91 1.29 1.11 1.20 1.17 1.17
OTHER 0.46 0.52 0.58 0.68 0.60 0.60
TOTAL 4.85 5.92 5.29 5.91 6.02 6.19
IMPORTS
UNITED STATES 0.03 0.01 0.04 0.03 0.03 0.03
EUROPEAN UNION 0.50 0.63 0.54 0.52 0.55 0.55
FSU-12 0.08 0.05 0.05 0.06 0.07 0.07
EASTERN EUROPE 0.13 0.11 0.10 0.11 0.11 0.11
CHINA 0.64 1.70 1.45 1.65 1.60 1.75
INDIA 0.04 0.06 0.06 0.11 0.14 0.14
PAKISTAN 0.17 0.17 0.12 0.15 0.15 0.15
MID-EAST/N AFR 1.39 1.34 0.97 1.14 1.24 1.24
IRAN 0.49 0.50 0.34 0.38 0.41 0.41
MOROCCO 0.18 0.15 0.12 0.18 0.19 0.19
TURKEY 0.17 0.14 0.10 0.13 0.13 0.13
TUNISIA 0.11 0.14 0.09 0.10 0.11 0.11
LATIN AMERICA 0.93 0.99 0.87 1.03 1.10 1.10
BRAZIL 0.24 0.18 0.10 0.18 0.17 0.17
MEXICO 0.08 0.07 0.06 0.09 0.09 0.09
CHILE 0.09 0.11 0.11 0.11 0.11 0.11
PERU 0.11 0.14 0.13 0.14 0.15 0.15
COLOMBIA 0.09 0.11 0.13 0.15 0.18 0.18
OTHER 0.83 1.05 0.92 1.06 1.15 1.15
TOTAL 4.74 6.10 5.13 5.84 6.13 6.28
CONSUMPTION
UNITED STATES 5.87 5.86 6.11 6.45 6.49 6.50
LATIN AMERICA 3.74 3.99 3.99 4.26 4.47 4.47
BRAZIL 2.32 2.47 2.53 2.60 2.70 2.70
ARGENTINA 0.08 0.09 0.10 0.10 0.10 0.10
MEXICO 0.52 0.45 0.44 0.59 0.60 0.60
EUROPEAN UNION 1.85 1.92 1.95 1.98 2.04 2.04
OTHER W EUROPE 0.06 0.07 0.07 0.07 0.07 0.07
FSU-12 0.16 0.10 0.10 0.10 0.11 0.11
EASTERN EUROPE 0.20 0.18 0.17 0.19 0.20 0.20
ASIA 4.49 5.22 5.46 5.73 6.11 6.33
JAPAN 0.67 0.68 0.67 0.69 0.70 0.70
CHINA 1.76 2.53 2.61 2.85 3.05 3.23
TAIWAN 0.39 0.39 0.40 0.36 0.38 0.38
KOREA, REP OF 0.22 0.24 0.26 0.28 0.29 0.29
INDIA 0.71 0.56 0.77 0.77 0.86 0.90
PAKISTAN 0.18 0.17 0.14 0.16 0.16 0.16
BANGLADESH 0.32 0.39 0.30 0.27 0.28 0.28
MID-EAST/N AFR 1.55 1.53 1.19 1.35 1.48 1.48
IRAN 0.52 0.52 0.36 0.40 0.43 0.43
MOROCCO 0.18 0.16 0.12 0.19 0.20 0.20
TURKEY 0.18 0.19 0.15 0.17 0.17 0.17
OTHER 0.50 0.59 0.60 0.73 0.81 0.81
TOTAL 18.42 19.46 19.64 20.87 21.76 21.99
ENDING STOCKS
UNITED STATES 0.50 0.52 0.91 0.70 0.81 0.71
BRAZIL 0.35 0.37 0.38 0.38 0.30 0.31
ARGENTINA 0.16 0.15 0.28 0.30 0.31 0.25
OTHER 0.71 1.10 0.95 0.92 0.97 0.96
TOTAL 1.72 2.14 2.51 2.30 2.39 2.22
NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
DATE: OCTOBER 1997
TABLE 9
SOYBEANS AND PRODUCTS: WORLD TRADE
(1000 METRIC TONS)
LOCAL MKTG YEARS
SOYBEANS SOYBEAN MEAL SOYBEAN OIL
1996/97 1997/98 1996/97 1997/98 1996/97 1997/98
EXPORTERS
UNITED STATES 1/ 24,004 26,127 6,441 6,713 930 1,089
BRAZIL 8,000 7,350 10,660 10,650 1,325 1,325
ARGENTINA 750 1,500 8,600 9,150 1,775 2,000
EUROPEAN UNION 279 286 4,153 4,053 1,199 1,172
SPAIN 1 2 60 40 190 170
PORTUGAL 4 4 13 20 70 76
PARAGUAY 1,650 1,675 587 646 135 145
OTHER 1,298 1,633 3,458 3,999 543 458
WORLD TOTAL 35,981 38,571 33,899 35,211 5,907 6,189
SELECTED IMPORTERS
EUROPEAN UNION 15,118 15,075 14,983 15,495 518 549
GERMANY 3,430 3,410 1,600 1,500 120 123
NETHERLANDS 4,300 4,450 1,700 1,750 30 50
SPAIN 2,530 2,600 1,600 1,650 8 8
ITALY 1,050 680 1,700 1,800 15 15
BEL-LUX 1,168 1,225 968 973 50 60
PORTUGAL 620 770 150 84 14 2
FRANCE 720 600 3,300 3,400 57 60
U.K. 855 900 1,330 1,575 103 105
DENMARK 70 70 1,400 1,450 40 40
OTHER W EUROPE 375 382 48 50 7 7
FSU-12 48 55 247 255 61 72
RUSSIA 8 15 90 90 20 30
UKRAINE 20 20 100 105 38 40
EASTERN EUROPE 201 313 1,773 1,893 106 105
POLAND 60 120 700 750 75 75
HUNGARY 7 5 450 510 0 0
ASIA 13,551 14,612 9,028 9,730 2,545 2,712
JAPAN 5,000 4,850 825 800 2 2
TAIWAN 2,374 2,500 30 30 18 22
KOREA, REP OF 1,600 1,550 950 900 60 70
INDONESIA 800 920 1,025 1,150 10 18
PHILIPPINES 160 305 965 860 18 15
INDIA 0 0 0 0 110 140
PAKISTAN 42 40 110 120 150 150
MID-EAST/N AFR 1,078 1,207 3,284 3,372 1,137 1,242
ISRAEL 525 525 38 38 25 27
IRAN 0 0 540 560 380 410
EGYPT 115 200 540 475 90 100
IRAQ 0 0 60 60 3 3
MOROCCO 60 80 80 100 180 190
TUNISIA 0 0 170 190 100 110
ALGERIA 0 0 325 327 120 127
TURKEY 225 250 350 425 125 125
LATIN AMERICA 6,361 5,035 2,950 3,133 1,053 1,129
MEXICO 3,063 3,100 200 200 91 90
VENEZUELA 300 320 550 600 121 123
CANADA 190 70 650 595 55 45
OTHER 582 446 771 841 386 448
WORLD TOTAL 36,254 38,585 33,734 35,264 5,843 6,279
DATE: OCTOBER 1997
TABLE 10
VEGETABLE OIL PRODUCTION, CONSUMPTION AND IMPORTS
FOR SELECTED COUNTRIES, 1,000 METRIC TONS
IMPORT PRELIM FORCST
MARKETING 1993/94 1994/95 1995/96 1996/97 1997/98
YEAR
INDIA
TOTAL PROD MY 5,278 5,430 5,718 5,984 6,012
TOTAL CONSUM MY 5,582 6,110 6,902 7,443 7,571
TOTAL IMPORTS MY 264 680 1,204 1,444 1,594
PALM OIL (OCT-SEP) 200 480 970 950 1,050
SOYBEAN OIL (OCT-SEP) 41 60 60 110 140
RAPESEED OIL (OCT-SEP) 15 20 40 40 50
FSU-12
TOTAL PROD MY 2,189 1,927 2,577 2,186 2,267
TOTAL CONSUM MY 2,488 2,272 2,650 2,675 2,668
TOTAL IMPORTS MY 720 755 843 710 846
PALM OIL (OCT-SEP) 83 121 133 138 138
SUNFLOWERSEED OIL (SEP-AUG) 248 317 380 224 354
SOYBEAN OIL (OCT-SEP) 80 47 50 61 72
PAKISTAN
TOTAL PROD MY 324 343 431 415 443
TOTAL CONSUM MY 1,607 1,706 1,590 1,677 1,760
TOTAL IMPORTS MY 1,236 1,381 1,146 1,262 1,317
PALM OIL (OCT-SEP) 1,060 1,210 1,015 1,100 1,150
SOYBEAN OIL (OCT-SEP) 172 167 124 150 150
EGYPT
TOTAL PROD MY 123 101 94 112 125
TOTAL CONSUM MY 939 1,000 843 873 925
TOTAL IMPORTS MY 816 899 749 761 800
SUNSEED OIL (OCT-SEP) 180 280 138 190 200
COTTONSEED OIL (OCT-SEP) 82 90 107 73 80
PALM OIL (OCT-SEP) 420 370 390 390 400
SOYBEAN OIL (OCT-SEP) 117 127 98 90 100
IRAN
TOTAL PROD MY 38 51 54 55 55
TOTAL CONSUM MY 697 1,106 875 916 956
TOTAL IMPORTS MY 659 1,055 821 861 901
PALM OIL (OCT-SEP) 113 54 50 50 60
SOYBEAN OIL (OCT-SEP) 494 500 340 380 410
SUNSEED OIL (OCT-SEP) 51 500 430 430 430
ALGERIA
TOTAL PROD MY 18 14 16 16 16
TOTAL CONSUM MY 472 522 502 524 551
TOTAL IMPORTS MY 454 508 486 508 535
SUNSEED OIL (JAN-DEC) 90 170 170 170 190
RAPESEED OIL (JAN-DEC) 40 50 60 62 60
MOROCCO
TOTAL PROD MY 75 109 74 81 85
TOTAL CONSUM MY 307 337 325 312 321
TOTAL IMPORTS MY 238 233 254 239 239
SOYBEAN OIL (OCT-SEP) 178 147 116 180 190
RAPESEED OIL (OCT-SEP) 51 77 129 50 40
NIGERIA
TOTAL PROD MY 774 785 766 770 754
TOTAL CONSUM MY 912 943 966 920 914
TOTAL IMPORTS MY 128 158 180 150 150
PALM OIL (OCT-SEP) 100 130 160 150 150
RAPESEED OIL (OCT-SEP) 20 20 20 0 0
VENEZUELA
TOTAL PROD MY 141 161 157 172 176
TOTAL CONSUM MY 433 505 421 434 445
TOTAL IMPORTS MY 292 336 262 259 269
SUNSEED OIL (OCT-SEP) 145 145 130 125 130
SOYBEAN OIL (OCT-SEP) 138 175 119 121 123
COTTONSEED OIL (OCT-SEP) 2 3 2 2 3
CHINA
TOTAL PROD MY 5,307 6,070 6,840 6,813 6,577
TOTAL CONSUM MY 7,330 9,627 9,403 10,080 10,586
TOTAL IMPORTS MY 2,487 4,431 2,815 3,609 4,110
PALM OIL (OCT-SEP) 1,420 1,667 1,006 1,500 1,775
SOYBEAN OIL (OCT-SEP) 640 1,702 1,445 1,650 1,750
RAPESEED OIL (OCT-SEP) 360 944 303 375 500
BANGLADESH
TOTAL PROD MY 112 109 113 113 114
TOTAL CONSUM MY 687 759 538 538 580
TOTAL IMPORTS MY 575 660 400 445 455
SOYBEAN OIL (OCT-SEP) 285 425 275 275 275
PALM OIL (OCT-SEP) 260 200 95 140 150
TOTAL OF SELECTED
IMPORTERS
TOTAL PROD MY 14,379 15,100 16,840 16,717 16,624
TOTAL CONSUM MY 21,454 24,887 25,015 26,392 27,277
TOTAL IMPORTS MY 7,869 11,096 9,160 10,248 11,216
PALM OIL MY 3,789 4,380 3,977 4,586 5,044
SOYBEAN OIL MY 2,342 3,500 2,737 3,137 3,337
SUNSEED OIL MY 715 1,482 1,333 1,439 1,619
RAPESEED OIL MY 571 1,144 623 603 721
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: OCTOBER 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 79,715 497 23,808 43,989 10,273
1995/96(95) 33,568 69,095 464 23,929 42,572 6,051
1996/97(96) 32,579 74,825 606 24,637 44,128 4,649
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) - 29,703 702 6,572 - 263
1992/93(92) - 29,938 981 5,908 - 223
1993/94(93) - 30,284 1,024 5,098 - 200
1994/95(94) - 33,238 860 6,357 - 262
1995/96(95) - 32,293 1,048 5,686 - 253
1996/97(96) - 33,747 1,023 6,650 - 296
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) - 7,772 1,139 1,266 - 1,280
1992/93(92) - 7,386 1,338 1,126 - 1,026
1993/94(93) - 7,513 1,363 1,202 - 819
1994/95(94) - 8,595 1,300 2,066 - 756
1995/96(95) - 8,277 1,295 1,062 - 1,220
1996/97(96) - 8,436 1,461 1,597 - 1,011
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: OCTOBER 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 64,837 272 24,004 39,080 3,583
1997/98(97) 28,254 74,077 136 26,127 40,687 7,348
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) - 31,026 95 6,441 - 227
1997/98(97) - 32,182 113 6,713 - 227
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) - 7,142 25 930 - 703
1997/98(97) - 7,561 27 1,089 - 705
SOURCE: COUNSELOR AND ATTACHE REPORTS,
OFFICIAL STATISTICS, USDA ESTIMATES
DATE: OCTOBER 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 2,000 8,300 19,250 323
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) - 15,130 200 10,082 - 279
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) - 3,584 200 1,160 - 162
SOURCE: COUNSELOR AND ATTACHE REPORTS,
OFFICIAL STATISTICS, USDA ESTIMATES
DATE: OCTOBER 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 11,500 350 750 10,700 266
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) - 8,720 0 8,300 - 170
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) - 1,850 0 1,745 - 55
SOURCE: COUNSELOR AND ATTACHE REPORTS,
OFFICIAL STATISTICS, USDA ESTIMATES
DATE: OCTOBER 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) 2,200 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)
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)
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: OCTOBER 1997
TABLE 16
EUROPEAN UNION:
OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION
(1,000 METRIC TONS)
1993/94 1994/95 1995/96 1996/97 1997/98
PRELIM FORECAST
OILSEED PRODUCTION
RAPESEED 6,594 6,985 8,271 7,137 8,439
SUNFLOWERSEED 3,506 4,026 3,210 3,896 3,709
SOYBEANS 807 1,029 939 1,153 1,442
OTHER 594 647 717 592 732
TOTAL 11,501 12,687 13,137 12,778 14,322
PROTEIN MEAL CONSUMPTION 1/
SOYBEAN 22,683 24,424 22,599 22,683 23,165
SUNFLOWERSEED 3,761 4,279 4,295 4,391 4,540
RAPESEED 4,345 5,067 5,250 4,700 5,148
CORN GLUTEN FEED/M 6,550 6,325 6,455 6,450 6,500
OTHER 5,016 4,729 4,610 4,612 4,764
TOTAL 3/ 35,805 38,499 36,754 36,386 37,617
TOTAL SME 4/ 37,691 39,833 38,035 37,774 38,770
OIL CONSUMPTION 1/
SOYBEAN 1,848 1,920 1,951 1,978 2,044
OLIVE 1,343 1,344 1,178 1,393 1,492
SUNFLOWERSEED 1,746 1,811 1,880 1,816 1,918
RAPESEED 1,666 2,010 2,180 1,957 2,004
OTHER 3,286 3,433 3,358 3,336 3,373
TOTAL 9,889 10,518 10,547 10,480 10,831
IMPORTS(EX.INTRA TRADE) 5/ 6/
SOYBEANS 12,870 15,695 13,999 14,839 14,800
SOYBEAN MEAL 13,877 13,903 12,356 11,466 11,991
SUNFLOWERSEED 1,457 1,611 2,193 1,436 2,107
EXPORTS(EX.INTRA TRADE) 5/ 6/
SOYBEAN MEAL 571 771 635 627 544
SOYBEAN OIL 368 703 573 686 712
RAPESEED OIL 906 1,067 1,098 642 915
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: OCTOBER 1997
TABLE 17
RUSSIA:
OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION
(1,000 METRIC TONS)
1993/94 1994/95 1995/96 1996/97 1997/98
PRELIM FORECAST
OILSEED PRODUCTION
RAPESEED 96 122 125 110 115
SOYBEANS 497 421 290 282 220
SUNFLOWERSEED 2,765 2,553 4,200 2,800 3,000
TOTAL 3,358 3,096 4,615 3,192 3,335
PROTEIN MEAL CONSUMPTION
SOYBEAN 540 452 230 235 235
SUNFLOWERSEED 765 595 800 767 694
RAPESEED 30 39 32 32 35
FISH 485 488 488 487 487
OTHER 0 0 0 0 0
TOTAL 1/ 1,820 1,574 1,550 1,521 1,451
TOTAL SME 2/ 1,984 1,747 1,713 1,686 1,619
OIL CONSUMPTION
SOYBEAN 100 61 55 45 55
COTTONSEED 108 120 100 95 95
SUNFLOWERSEED 830 831 960 1,013 966
RAPESEED 56 30 55 55 57
FISH 61 61 61 61 61
OTHER 54 60 65 70 65
TOTAL 1/ 1,209 1,163 1,296 1,339 1,299
IMPORTS 3/
SOYBEANS 68 35 35 8 15
SOYBEAN MEAL 200 205 35 90 90
SUNFLOWERSEED OIL 146 206 270 120 260
COTTONSEED OIL 108 120 100 95 95
EXPORTS 3/
SUNFLOWERSEED 450 533 1,265 1,100 1,175
SOYBEANS 17 56 50 70 55
SUNFLOWERSEED OIL 40 21 25 50 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: OCTOBER 1997
TABLE 18
CHINA
OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION
(1,000 METRIC TONS)
1993/94 1994/95 1995/96 1996/97 1997/98
PRELIM FORECAST
OILSEED PRODUCTION
COTTONSEED 6,658 7,704 8,580 7,560 6,850
PEANUTS 8,420 9,682 10,200 10,140 8,000
RAPESEED 6,940 7,492 9,777 9,200 9,400
SOYBEANS 15,310 16,000 13,500 13,220 13,500
SUNFLOWERSEED 1,282 1,370 1,270 1,325 1,250
TOTAL 38,610 42,248 43,327 41,445 39,000
PROTEIN MEAL CONSUMPTION
SOYBEAN 5,110 5,329 7,488 10,175 11,735
COTTONSEED 2,088 2,513 3,005 2,719 2,439
RAPESEED 3,396 4,236 5,145 4,689 5,000
PEANUT 1,580 2,127 2,277 2,315 1,800
OTHER 1,268 1,332 1,527 1,841 1,570
TOTAL 1/ 13,442 15,537 19,442 21,739 22,544
TOTAL SME 2/ 12,612 14,463 18,118 20,736 21,325
OIL CONSUMPTION
SOYBEAN 1,763 2,527 2,611 2,852 3,230
COTTONSEED 775 897 1,013 868 784
PALM 1,136 1,437 863 1,400 1,775
RAPESEED 2,314 2,997 3,088 3,013 3,193
PEANUT 1,102 1,465 1,597 1,687 1,350
OTHER 240 304 231 260 254
TOTAL 1/ 7,330 9,627 9,403 10,080 10,586
IMPORTS 3/
SOYBEANS 125 155 795 2,200 3,000
RAPESEED 0 235 0 0 0
FISHMEAL 670 700 800 1,050 750
PALM OIL 1,420 1,667 1,006 1,500 1,775
SOYBEAN OIL 640 1,702 1,445 1,650 1,750
RAPESEED OIL 360 944 303 375 500
EXPORTS 3/
SOYBEANS 1,100 394 222 200 200
PEANUTS 472 474 457 400 100
SOYBEAN MEAL 1,050 1,275 100 25 25
COTTONSEED MEAL 525 500 406 200 200
RAPESEED MEAL 450 86 307 500 200
PALM OIL 284 230 143 100 0
PEANUT OIL 66 13 6 6 5
RAPESEED OIL 93 242 119 125 100
1/ AN AGGREGATE OF DIFFERENT MARKETING YEARS
2/ 44-PERCENT SOYBEAN MEAL EQUIVALENT
3/ ASSORTED MARKETING YEARS
SOURCE: COUNSELOR AND ATTACHE REPORTSFOREIGN AGRICULTURAL SERV
OFFICIAL STATISTICS COTTON, OILSEEDS, TOBACCO
USDA ESTIMATES and SEEDS DIVISION
DATE: OCTOBER 1997
TABLE 21.
OILSEED PRICES
(US DOLLARS PER METRIC TON)
YEAR SOYBEANS PEANUT SUNRSEED RAPESEED COPRA LINSEED
BEG. U.S. U.S. BRAZIL ARG ROTT U.S. ROTT U.S. ROTT HAMB ROTT ROTT
OCT.1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/
OCT-SEP AVG.
85/86-95/96 219 223 229 225 252 624 976 228 271 235 340 251
1985/86 187 188 196 195 211 531 857 168 214 239 200 223
1986/87 180 183 192 193 209 601 836 153 205 180 285 167
1987/88 245 251 274 262 282 557 990 207 276 222 385 251
1988/89 261 263 261 264 292 589 818 255 267 219 371 351
1989/90 212 214 218 209 247 631 975 255 267 213 251 335
1990/91 209 210 214 207 241 798 1539 238 N/A 199 247 222
1991/92 205 208 211 207 237 600 831 196 N/A 205 397 201
1992/93 213 216 222 217 246 640 958 241 271 234 292 229
1993/94 233 234 235 231 259 668 1088 294 317 284 388 232
1994/95 205 208 217 214 248 610 856 237 309 289 432 261
1995/96
OCT. 227 235 250 252 271 635 1033 243 343 289 464 266
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
AVERAGE 263 273 284 277 304 635 986 268 312 298 487 288
1996/97
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. 302 308 312 314 338 N/A 920 273 298 302 466 298
MAY 309 316 307 315 298 N/A 953 267 302 297 428 287
JUN. 300 302 295 296 278 N/A 969 262 294 265 415 289
JUL. 277 277 291 284 308 N/A 987 236 252 247 399 282
AUG. 266 269 287 291 265 N/A 924 245 247 248 385 274
*SEP. 275 252 296 333 269 604 964 234 249 264 403 285
AVERAGE 277 278 285 288 297 584 926 258 266 284 452 298
1/ U.S. FARM PRICE; USDA. 2/ U.S. NO.1 YELLOW CASH CENTRAL ILLINOIS; WALL STREET JOURNAL.
3/ RIO GRANDE, BRAZIL FOB; SAFRAS AND MERCADO. 4/ ARGENTINA FOB B.AIRES; SAFRAS AND MERCADO.
5/ ROTTERDAM CIF; U.S. NO.2 YELLOW; OIL WORLD. 6/ U.S. FARM PRICE; IN-SHELL BASIS; USDA.
7/ ROTT CIF; US RUNNERS 40/50%, PUBLIC LEDGER PRIOR TO SEP 90; OIL WORLD FROM OCT 90 TO PRESENT.
8/ U.S. FARM PRICE; USDA. 9/ ROTTERDAM CIF; EC LOWER RHINE (BEGINNING SEP 93) U.S./CANADA PRIOR; OIL
10/HAMBURG CIF; EUROPE "00" OIL; OIL WORLD. 11/ ROTTERDAM CIF; PHILLIPINES/INDONESIA; OIL WORLD
12/ ROTTERDAM CIF; CANADA NO.1; OIL WORLD.
* PRELIMINARY FOREIGN AGRICULTURAL SERVICE
DATE: OCTOBER 1997 COTTON, OILSEEDS, TOBACCO
and SEEDS DIVISION
TABLE 22.
PROTEIN MEAL PRICES
(US DOLLARS PER METRIC TON)
YEAR SOYBEAN COTTONSEED SUNSEED PEANUT FISH RAPESEED COPRA CORN
BEG. U.S U.S BRAZIL ARG ROTT U.S. U.S. ROTT U.S ROTT HAMB HAMB HAMB GLUTEN
OCT.1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/ 14/
OCT-SEP AVG.
85/86-95/96 204 218 197 190 213 172 100 127 194 194 434 142 141 142
1985/86 171 183 175 171 183 147 75 111 N/A 165 313 118 132 132
1986/87 179 195 179 177 191 164 84 119 N/A 161 356 95 138 135
1987/88 245 264 239 238 254 197 109 148 N/A 202 516 153 165 157
1988/89 257 278 241 238 259 206 132 148 N/A 209 443 167 163 154
1989/90 192 206 181 178 204 180 114 123 212 187 400 135 126 141
1990/91 187 200 178 171 198 145 97 113 206 154 468 131 133 146
1991/92 194 208 184 176 203 154 85 123 173 155 494 139 144 146
1992/93 201 214 185 183 207 178 99 134 197 165 390 157 131 135
1993/94 199 213 182 174 202 181 104 127 201 176 364 152 134 127
1994/95 167 179 172 151 184 124 69 103 143 161 448 134 125 128
1995/96
OCT. 203 214 208 185 214 169 91 136 146 178 522 150 145 149
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
AVERAGE 248 260 256 233 256 212 136 151 223 201 587 180 162 159
1996/97
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. 265 276 290 255 279 247 125 152 190 235 583 196 153 136
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. 305 318 307 277 301 217 137 143 258 256 547 186 140 131
MAY 326 338 317 281 300 214 132 143 245 254 548 179 132 122
JUN. 304 317 290 246 274 208 117 127 259 236 558 168 121 114
JUL. 276 302 279 227 248 190 93 117 243 226 581 129 112 108
AUG. 289 301 286 249 258 194 94 124 235 218 621 132 110 112
*SEP. 293 307 300 241 266 191 101 129 231 218 637 153 116 112
AVERAGE 286 299 289 257 278 210 122 138 229 235 579 175 134 127
1/ DECATUR; AVERAGE WHOLSALE 44% PROTEIN; USDA. 2/ DECATUR, AVERAGE WHOLSALE 48% PROTEIN; USDA.
3/ RIO GRANDE, BRAZIL FOB; BULK RATE 45-46% PROTEIN; SAFRAS AND MERCADO. 4/ ARG. PELLETS, FOB B.AIRES;
SAFRAS AND MERCADO. 5/ ROTTERDAM CIF; ARG. 45/46%; OIL WORLD. 6/ MEMPHIS FOB; 41% PROTEIN SOLVENT
EXTRACTION; USDA. 7/ MINNEAPOLIS FOB; 32% PROTEIN; USDA. 8/ ROTTERDAM CIF; ARGENTINA-URUGUAY PELLET
37-38%; OIL WORLD. 9/ SOUTHEAST MILLS FOB. 10/ ROTT CIF; INDIAN 48% PROTEIN; OIL WORLD. 11/HAMBURG CIF;
ANY ORIGIN 64-65% PROTEIN; OIL WORLD. 12/ HAMBURG FOB; EX-MILL 34% PROTEIN; OIL WORLD. 13/ HAMBURG CIF;
PHILIPPINES EXPELLER PELLETS 36% PROTEIN; OIL WORLD. 14/ ROTTERDAM CIF; PELLETS 23-24% PROTEIN; OIL WORLD.
*PRELIMINARY FOREIGN AGRICULTURAL SERVICE
DATE: OCTOBER 1997 COTTON, OILSEEDS, TOBACCO
and SEEDS DIVISION
TABLE 23.
VEGETABLE OIL PRICES
(US DOLLARS PER METRIC TON)
YEAR SOYBEANS COTTONSEED SUNSEED PEANUT PALM RAPESEED COCONUT LINSEED CORN
BEG. US BRAZIL ARG ROTT U.S. ROTT U.S. ROTT U.S. ROTT MALAY ROTT ROTT ROTT U.S
OCT.1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/ 14/ 15/
OCT-SEP AVG.
85/86-95/96 482 436 437 469 497 608 524 503 790 777 391 448 505 523 529
1985/86 397 342 347 377 389 513 422 406 655 644 274 338 304 475 407
1986/87 339 302 310 324 390 491 353 354 575 511 310 297 413 319 472
1987/88 499 400 399 443 481 585 521 449 738 572 402 408 547 441 512
1988/89 465 411 412 435 439 567 500 477 750 706 358 409 545 716 462
1989/90 491 420 424 438 514 650 537 486 983 919 271 423 371 756 554
1990/91 463 418 415 454 492 614 520 480 931 975 318 417 364 502 615
1991/92 422 394 398 437 443 545 477 459 563 641 365 416 605 377 567
1992/93 472 420 408 453 550 688 559 492 665 674 382 441 446 450 460
1993/94 596 539 543 580 613 749 688 627 969 973 445 578 564 476 612
1994/95 608 608 623 642 568 671 621 691 967 1005 651 637 656 657 600
1995/96
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. 546 565 556 579 575 613 573 651 864 988 573 568 718 613 551
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 584 556 555 591 627 643 582 618 944 897 535 596 778 596 617
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
AVERAGE 545 537 533 575 587 613 560 617 890 928 523 566 746 579 558
1996/97
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. 513 508 511 541 577 601 500 532 987 896 550 541 737 554 537
APR. 511 516 518 541 553 602 515 568 992 938 559 544 710 549 542
MAY 522 522 521 541 555 605 511 607 1019 981 559 551 654 553 544
JUN. 506 521 524 550 551 588 492 576 1056 1047 517 542 637 564 547
JUL. 483 514 518 535 585 588 479 573 1060 1096 494 517 597 570 552
AUG. 486 518 527 544 598 608 485 536 1058 1093 486 517 567 563 563
*SEP. 504 540 543 555 617 627 505 543 1042 1083 496 552 615 581 560
AVERAGE 496 514 515 536 564 588 499 545 985 959 526 539 693 560 532
1/ DECATUR; AVERAGE WHOLESALE TANK CRUDE; USDA. 2/ RIO GRANDE, BRAZIL FOB; BULK RATE; SAFRAS AND MERCADO. 3/ C.I.A.R.A.
FROM 1980 TO APRIL 1989; CRUDE FOB, BUENOS AIRES SAFRAS AND MERCADO FROM MAY 89. 4/ DUTCH FOB; EX-MILL; OIL WORLD. 5/
VALLEY POINTS FOB; TANK CARS CRUDE; USDA. 6/ ROTTERDAM CIF; US PBSY; OIL WORLD. 7/ MINNEAPOLIS FOB; USDA. 8/ EU FOB NW EURO
PORTS; 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; PHILIPPINES/INDONESIA;
OIL WORLD. 14/ ROTTERDAM; EX-TANK; OIL WORLD. 15/ DECATUR; CRUDE; AMS AND WALL STREET JOURNAL.
*PRELIMINARY FOREIGN AGRICULTURAL SERVICE
DATE: OCTOBER 1997 COTTON, OILSEEDS, TOBACCO
and SEEDS DIVISION
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