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                                     TABLE 1.
                   MAJOR OILSEEDS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM      NOV      DEC
                          1993/94 1994/95 1995/96 1996/97  1997/98  1997/98
      PRODUCTION
       SOYBEAN             117.83  137.65  124.96  131.17   149.17   149.56
       COTTONSEED           29.49   32.90   35.91   34.32    34.99    35.05
       PEANUT               25.06   27.70   27.63   28.18    26.00    26.01
       SUNFLOWERSEED        20.77   23.42   25.76   23.71    25.20    24.25
       RAPESEED             26.72   30.29   34.61   30.63    33.64    33.76
       COPRA                 4.97    5.48    5.03    5.40     5.46     5.46
       PALM KERNEL           4.25    4.61    4.97    5.34     5.38     5.38
    
          TOTAL            229.09  262.06  258.87  258.74   279.83   279.46
    
    
      EXPORTS
       SOYBEAN              28.18   32.16   31.95   36.10    38.94    38.94
       COTTONSEED            0.91    1.03    0.94    0.80     0.98     0.98
       PEANUT                1.49    1.60    1.78    1.52     1.50     1.50
       SUNFLOWERSEED         2.57    3.19    3.74    3.59     3.69     3.12
       RAPESEED              5.28    5.85    5.84    5.52     5.58     5.54
       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   44.51   47.81    50.96    50.36
    
    
      IMPORTS
       SOYBEAN              28.37   32.81   32.33   36.26    38.76    38.84
       COTTONSEED            0.89    1.04    0.89    0.87     0.90     0.90
       PEANUT                1.44    1.53    1.54    1.47     1.57     1.57
       SUNFLOWERSEED         2.51    3.14    3.65    3.42     3.59     3.15
       RAPESEED              5.20    5.91    5.64    5.46     5.54     5.48
       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   44.31   47.78    50.66    50.23
    
    
      CRUSH
       SOYBEAN             102.07  109.83  112.13  115.95   122.47   122.80
       COTTONSEED           22.98   25.26   28.43   26.52    26.58    26.59
       PEANUT               13.39   14.96   14.66   15.19    14.21    13.55
       SUNFLOWERSEED        17.99   20.59   22.48   21.43    22.61    22.03
       RAPESEED             24.34   27.16   30.62   28.54    30.32    30.40
       COPRA                 4.95    5.50    4.97    5.40     5.46     5.46
       PALM KERNEL           4.26    4.51    4.94    5.28     5.31     5.31
    
          TOTAL            189.97  207.81  218.22  218.29   226.96   226.13
    
    
      ENDING STOCKS
       SOYBEAN              17.34   23.70   17.45   12.74    18.52    18.58
       COTTONSEED            0.53    0.63    0.59    0.57     0.57     0.57
       PEANUT                0.61    0.75    0.55    0.50     0.49     0.49
       SUNFLOWERSEED         0.79    0.94    1.57    1.28     1.09     1.11
       RAPESEED              0.80    0.97    1.61    0.95     1.09     1.10
       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   22.04   16.30    22.04    22.12
    
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: DECEMBER 1997
    
    
    
    
                                     TABLE 2.
                MAJOR PROTEIN MEALS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM      NOV      DEC
                          1993/94 1994/95 1995/96 1996/97  1997/98  1997/98
      PRODUCTION
       SOYBEAN              81.27   87.17   89.15   92.29    97.54    97.71
       COTTONSEED           10.67   11.74   13.26   12.40    12.29    12.30
       RAPESEED             14.81   16.48   18.61   17.39    18.27    18.32
       SUNFLOWERSEED         8.36    9.50   10.06    9.83    10.07     9.87
       FISH                  7.16    6.58    6.40    6.26     6.36     6.41
       PEANUT                5.29    5.93    5.78    5.99     5.72     5.33
       COPRA                 1.68    1.88    1.70    1.83     1.86     1.86
       PALM KERNEL           2.25    2.39    2.60    2.78     2.79     2.79
    
          TOTAL            131.48  141.68  147.55  148.77   154.90   154.59
    
    
      EXPORTS
       SOYBEAN              29.95   30.92   33.77   34.01    35.53    35.69
       COTTONSEED            1.13    1.10    1.11    0.84     0.89     0.89
       RAPESEED              3.36    3.55    4.30    4.17     4.19     4.16
       SUNFLOWERSEED         2.14    2.80    2.92    2.93     2.96     2.94
       FISH                  4.58    4.38    3.93    4.04     3.93     4.08
       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     2.38     2.38
    
          TOTAL             44.91   46.72   49.82   49.97    51.53    51.80
    
    
      IMPORTS
       SOYBEAN              29.26   31.25   32.72   33.81    35.34    35.54
       COTTONSEED            1.14    1.04    1.03    0.83     0.83     0.83
       RAPESEED              3.43    3.81    3.88    3.89     4.14     4.14
       SUNFLOWERSEED         2.14    2.68    2.87    2.93     2.90     2.89
       FISH                  4.35    4.22    4.05    4.14     3.90     3.91
       PEANUT                0.78    0.64    0.54    0.55     0.54     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   48.11   49.35    51.05    51.26
    
    
      CONSUMPTION
       SOYBEAN              80.72   87.08   88.15   92.60    97.42    97.55
       COTTONSEED           10.70   11.69   13.14   12.44    12.20    12.21
       RAPESEED             14.89   16.60   18.09   17.22    18.19    18.27
       SUNFLOWERSEED         8.41    9.26    9.86    9.96    10.09     9.84
       FISH                  6.87    6.37    6.48    6.60     6.44     6.41
       PEANUT                5.23    5.97    5.74    6.00     5.71     5.33
       COPRA                 1.63    1.82    1.74    1.79     1.83     1.83
       PALM KERNEL           2.17    2.25    2.40    2.58     2.77     2.77
    
          TOTAL            130.62  141.04  145.59  149.18   154.65   154.21
    
    
      ENDING STOCKS
       SOYBEAN               3.95    4.37    4.34    3.83     4.03     3.84
       COTTONSEED            0.15    0.15    0.18    0.13     0.16     0.16
       RAPESEED              0.48    0.62    0.71    0.60     0.63     0.63
       SUNFLOWERSEED         0.21    0.32    0.46    0.33     0.34     0.31
       FISH                  0.71    0.76    0.80    0.56     0.74     0.40
       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     0.24     0.24
    
          TOTAL              5.96    6.59    6.86    5.83     6.22     5.67
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: DECEMBER 1997
    
    
    
                                     TABLE 3.
          MAJOR VEGETABLE AND MARINE OILS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM      NOV      DEC
                          1993/94 1994/95 1995/96 1996/97  1997/98  1997/98
      PRODUCTION
       SOYBEAN              18.25   19.70   20.18   20.74    22.01    22.06
       PALM                 13.76   14.91   16.07   17.28    17.60    17.66
       SUNFLOWERSEED         7.08    8.20    8.92    8.41     8.90     8.68
       RAPESEED              9.03   10.09   11.39   10.54    11.13    11.17
       COTTONSEED            3.38    3.73    4.13    3.86     3.84     3.86
       PEANUT                3.74    4.20    4.18    4.38     4.46     3.95
       COCONUT               3.09    3.43    3.09    3.35     3.39     3.39
       OLIVE                 1.76    1.77    1.44    2.24     2.00     2.00
       FISH                  1.52    1.41    1.38    1.16     1.36     1.31
       PALM KERNEL           1.88    2.00    2.17    2.33     2.34     2.34
    
          TOTAL             63.48   69.43   72.96   74.27    77.01    76.40
    
      EXPORTS
       SOYBEAN               4.85    5.92    5.29    5.95     6.26     6.25
       PALM  1/              9.93    9.71    9.89   10.72    10.77    10.67
       SUNFLOWERSEED         2.33    3.45    3.08    3.29     3.47     3.36
       RAPESEED              2.23    2.64    2.62    2.29     2.59     2.60
       COTTONSEED            0.50    0.59    0.53    0.49     0.51     0.51
       PEANUT                0.29    0.24    0.29    0.20     0.21     0.21
       COCONUT               1.50    1.83    1.62    1.70     1.70     1.70
       OLIVE                 0.75    0.74    0.69    0.82     0.81     0.81
       FISH                  0.95    1.06    0.86    0.75     0.83     0.78
       PALM KERNEL           0.93    0.84    0.93    1.01     0.98     0.98
    
          TOTAL             24.25   27.03   25.80   27.22    28.13    27.88
    
    
      IMPORTS
       SOYBEAN               4.74    6.10    5.13    5.85     6.28     6.24
       PALM  1/              9.68    9.65    9.48   10.27    10.67    10.62
       SUNFLOWERSEED         2.39    3.32    3.12    3.18     3.46     3.32
       RAPESEED              2.21    2.77    2.36    2.40     2.56     2.56
       COTTONSEED            0.46    0.54    0.52    0.49     0.51     0.51
       PEANUT                0.30    0.29    0.30    0.22     0.23     0.23
       COCONUT               1.39    1.77    1.51    1.66     1.59     1.59
       OLIVE                 0.75    0.77    0.63    0.80     0.76     0.78
       FISH                  0.76    0.90    0.84    0.74     0.80     0.73
       PALM KERNEL           0.94    0.82    0.83    0.94     0.97     0.97
    
          TOTAL             23.61   26.92   24.71   26.54    27.81    27.53
    
    
      CONSUMPTION
       SOYBEAN              18.42   19.46   19.65   20.83    22.06    22.14
       PALM                 13.98   14.74   15.43   16.75    17.62    17.71
       SUNFLOWERSEED         7.24    8.04    8.61    8.62     9.03     8.71
       RAPESEED              9.01   10.35   11.08   10.70    11.10    11.12
       COTTONSEED            3.32    3.68    4.10    3.89     3.82     3.85
       PEANUT                3.77    4.24    4.17    4.41     4.48     3.98
       COCONUT               2.92    3.37    3.12    3.24     3.29     3.29
       OLIVE                 1.88    1.88    1.66    1.93     2.01     2.03
       FISH                  1.18    1.31    1.31    1.23     1.33     1.25
       PALM KERNEL           1.96    1.95    2.02    2.25     2.32     2.32
    
          TOTAL             63.67   69.01   71.16   73.84    77.07    76.38
    
    
      ENDING STOCKS
       SOYBEAN               1.72    2.14    2.51    2.31     2.29     2.24
       PALM                  1.25    1.35    1.58    1.66     1.58     1.57
       SUNFLOWERSEED         0.72    0.74    1.12    0.79     0.68     0.72
       RAPESEED              0.43    0.30    0.36    0.31     0.31     0.31
       COTTONSEED            0.11    0.11    0.12    0.10     0.10     0.10
       PEANUT                0.04    0.04    0.07    0.05     0.04     0.04
       COCONUT               0.31    0.31    0.17    0.25     0.23     0.23
       OLIVE                 0.87    0.79    0.51    0.80     0.73     0.73
       FISH                  0.42    0.37    0.41    0.32     0.39     0.32
       PALM KERNEL           0.15    0.17    0.22    0.23     0.23     0.23
    
          TOTAL              6.02    6.32    7.07    6.82     6.59     6.49
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
      1/  PALM OIL TRADE EXCLUDES TRANSSHIPMENTS THROUGH SINGAPORE
    DATE: DECEMBER 1997
    
    
    
                                     TABLE 4
                   MAJOR OILSEEDS, PROTEIN MEALS, FATS AND OILS:
                                WORLD PRODUCTION 1/
                               (MILLION METRIC TONS)
                                                   PRELIM      NOV      DEC
                          1993/94 1994/95 1995/96 1996/97  1997/98  1997/98
    WORLD OILSEEDS:
     SOYBEAN               117.83  137.65  124.96  131.17   149.17   149.56
     COTTONSEED             29.49   32.90   35.91   34.32    34.99    35.05
     PEANUT                 25.06   27.70   27.63   28.18    26.00    26.01
     SUNFLOWERSEED          20.77   23.42   25.76   23.71    25.20    24.25
     RAPESEED               26.72   30.29   34.61   30.63    33.64    33.76
     COPRA                   4.97    5.48    5.03    5.40     5.46     5.46
     PALM KERNEL             4.25    4.61    4.97    5.34     5.38     5.38
    
        TOTAL              229.09  262.06  258.87  258.74   279.83   279.46
    
    PROTEIN MEALS:
     SOYBEAN                81.27   87.17   89.15   92.29    97.54    97.71
     COTTONSEED             10.67   11.74   13.26   12.40    12.29    12.30
     PEANUT                  5.29    5.93    5.78    5.99     5.72     5.33
     SUNFLOWERSEED           8.36    9.50   10.06    9.83    10.07     9.87
     RAPESEED               14.81   16.48   18.61   17.39    18.27    18.32
     COPRA                   1.68    1.88    1.70    1.83     1.86     1.86
     PALM KERNEL             2.25    2.39    2.60    2.78     2.79     2.79
     FISH                    7.16    6.58    6.40    6.26     6.36     6.41
    
        TOTAL              131.48  141.68  147.55  148.77   154.90   154.59
    
    44% PROTEIN MEAL EQUIVALENT 2/:
     SOYBEAN                81.27   87.17   89.15   92.29    97.54    97.71
     COTTONSEED              8.64    9.52   10.74   10.05     9.96     9.96
     PEANUT                  5.95    6.66    6.49    6.74     6.42     5.99
     SUNFLOWERSEED           7.90    8.97    9.49    9.28     9.51     9.31
     RAPESEED               10.54   11.73   13.24   12.37    13.00    13.04
     COPRA                   0.76    0.85    0.77    0.83     0.84     0.84
     PALM KERNEL             0.80    0.85    0.93    0.99     0.99     0.99
     FISH                   10.34    9.51    9.25    9.04     9.20     9.26
    
        TOTAL              126.19  135.26  140.06  141.59   147.46   147.11
    
    FATS & OILS
    EDIBLE VEGETABLE:
     SOYBEAN                18.25   19.70   20.18   20.74    22.01    22.06
     COTTONSEED              3.38    3.73    4.13    3.86     3.84     3.86
     PEANUT                  3.74    4.20    4.18    4.38     4.46     3.95
     SUNFLOWERSEED           7.08    8.20    8.92    8.41     8.90     8.68
     RAPESEED                9.03   10.09   11.39   10.54    11.13    11.17
     OLIVE                   1.76    1.77    1.44    2.24     2.00     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     2.34     2.34
     PALM                   13.76   14.91   16.07   17.28    17.60    17.66
    
        TOTAL               61.96   68.02   71.59   73.11    75.65    75.10
    
    MARINE OILS:
     FISH                    1.52    1.41    1.38    1.16     1.36     1.31
    
        TOTAL                1.52    1.41    1.38    1.16     1.36     1.31
    
    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)          75.30   81.41   85.26   86.56    89.30    88.69
    
    
    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: DECEMBER 1997
    
    
    
    
                                     TABLE 5.
                                 MAJOR OILSEEDS:  1/
                      AREA AND PRODUCTION BY MAIN PRODUCERS
    
                          AVG 91/92-95/96 PRELIM 1996/97   FORECAST 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    74.47
      BRAZIL                10.88   23.31   11.80   26.50    12.80    29.00
      CHINA                  8.21   12.96    7.47   13.22     8.20    13.50
      ARGENTINA              5.36   11.97    6.20   11.20     6.60    14.50
      EUROPEAN UNION 4/      0.38    1.12    0.34    1.15     0.43     1.44
      PARAGUAY               1.03    1.89    1.20    2.60     1.30     2.80
      OTHER                  9.63   11.33   10.56   11.66    11.44    13.86
    
          TOTAL             59.44  121.04   63.22  131.17    69.02   149.56

     COTTONSEED
      CHINA                  5.87    8.05    4.72    7.56     4.50     7.25
      UNITED STATES          5.36    6.16    5.21    6.48     5.44     6.55
      FSU-12                 2.82    3.69    2.55    2.78     2.61     3.16
      INDIA                  7.92    4.57    9.17    5.88     9.00     5.49
      PAKISTAN               2.84    3.29    3.20    3.18     3.20     3.40
      BRAZIL                 1.32    0.86    0.70    0.47     0.90     0.63
      OTHER                  7.02    6.68    8.24    7.97     8.33     8.57
    
          TOTAL             33.14   33.30   33.78   34.32    33.97    35.05
    
     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                  6.30    6.01    6.85    6.59     7.03     6.56
    
          TOTAL             20.40   25.51   21.16   28.18    21.16    26.01
    
     SUNFLOWERSEED
      FSU-12                 5.26    5.66    6.59    5.21     6.27     5.23
      ARGENTINA              2.63    4.45    2.90    5.20     3.30     6.00
      EASTERN EUROPE         1.70    2.48    2.13    3.02     1.86     2.60
      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     3.72
      OTHER                  4.37    3.29    4.28    3.43     4.36     3.74
    
          TOTAL             18.51   22.62   19.94   23.71    20.01    24.25
    
     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     8.54
      CANADA                 4.26    5.45    3.45    5.06     4.80     6.20
      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     2.06     2.05
    
          TOTAL             21.43   29.04   21.52   30.63    23.39    33.76
    
    
    TOTAL OILSEEDS         152.93  231.51  159.62  248.00   167.54   268.63
    
    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: DECEMBER 1997
    
    
    
                                     TABLE 6
                     SOYBEANS: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM      NOV      DEC
                          1993/94 1994/95 1995/96 1996/97  1997/98  1997/98
    PRODUCTION
        UNITED STATES       50.92   68.49   59.24   64.84    74.47    74.47
        BRAZIL              24.70   25.90   24.15   26.50    29.00    29.00
        ARGENTINA           12.40   12.50   12.43   11.20    14.50    14.50
        CHINA               15.31   16.00   13.50   13.22    13.50    13.50
        EUROPEAN UNION       0.81    1.03    0.94    1.15     1.44     1.44
        PARAGUAY             1.80    2.20    2.40    2.60     2.80     2.80
        OTHER               11.89   11.53   12.30   11.66    13.46    13.86
    
          TOTAL            117.83  137.65  124.96  131.17   149.17   149.56
    
    EXPORTS
        UNITED STATES       16.03   22.81   23.17   24.00    26.67    26.67
        BRAZIL               5.43    3.57    3.45    8.15     7.10     7.10
        ARGENTINA            3.07    2.50    2.09    0.75     1.50     1.50
        PARAGUAY             1.20    1.45    1.60    1.65     1.75     1.75
        CHINA                1.10    0.39    0.22    0.20     0.20     0.20
        OTHER                1.35    1.43    1.42    1.35     1.72     1.72
    
          TOTAL             28.18   32.16   31.95   36.10    38.94    38.94
    
    IMPORTS
        EUROPEAN UNION      13.11   16.05   14.24   15.39    15.53    15.80
         GERMANY             2.79    2.96    3.21    3.43     3.41     3.46
         NETHERLANDS         4.14    4.62    4.20    4.30     4.45     4.48
         SPAIN               1.72    2.85    2.34    2.80     2.85     2.93
         ITALY               1.17    1.30    0.99    0.95     0.68     0.70
         BEL-LUX             1.22    1.37    1.22    1.17     1.23     1.24
         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    0.15     0.06     0.18
         RUSSIA              0.07    0.04    0.04    0.11     0.02     0.14
         UKRAINE             0.03    0.02    0.02    0.02     0.02     0.02
        CHINA                0.13    0.16    0.80    2.27     3.00     3.00
        JAPAN                4.86    4.84    4.78    5.04     4.90     4.90
        KOREA, REP OF        1.16    1.38    1.42    1.49     1.55     1.40
        TAIWAN               2.50    2.60    2.65    2.37     2.50     2.50
        INDONESIA            0.71    0.62    0.72    0.80     0.87     0.87
        MEXICO               2.20    1.87    2.40    2.68     3.10     3.00
        BRAZIL               0.11    1.20    1.05    0.80     1.75     1.60
        OTHER                2.94    3.36    3.63    4.69     4.81     4.90
    
          TOTAL             28.37   32.81   32.33   36.26    38.76    38.84

    CRUSH
        UNITED STATES       34.72   38.24   37.27   39.08    40.82    40.82
        LATIN AMERICA       31.90   33.39   36.57   36.34    38.37    38.22
         BRAZIL             18.44   20.19   21.57   20.10    20.60    20.45
         ARGENTINA           8.77    8.59   10.29   11.05    11.85    11.95
         MEXICO              2.64    2.33    2.44    2.69     3.23     3.13
        EUROPEAN UNION      12.24   14.43   13.65   14.95    15.20    15.40
        OTHER W EUROPE       0.28    0.39    0.38    0.38     0.38     0.38
        FSU-12               0.53    0.43    0.34    0.31     0.18     0.30
        EASTERN EUROPE       0.42    0.41    0.41    0.45     0.55     0.59
        ASIA                19.56   19.68   20.50   21.15    23.34    23.46
         JAPAN               3.70    3.76    3.70    3.81     3.80     3.80
         CHINA               7.61    8.09    7.45    8.59     9.58     9.58
         TAIWAN              2.24    2.34    2.36    2.07     2.19     2.19
        OTHER                2.42    2.87    3.01    3.30     3.63     3.63
    
          TOTAL            102.07  109.83  112.13  115.95   122.47   122.80
    
    ENDING STOCKS
        UNITED STATES        5.69    9.11    4.99    3.58     6.94     6.94
        BRAZIL               5.46    7.20    5.80    3.26     4.55     4.55
        ARGENTINA            3.77    4.67    4.22    3.40     4.40     4.40
        OTHER                2.43    2.72    2.44    2.50     2.63     2.69
    
          TOTAL             17.34   23.70   17.45   12.74    18.52    18.58
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: DECEMBER 1997
    
    
    
                                     TABLE 7
                   SOYBEAN MEAL: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM      NOV      DEC
                          1993/94 1994/95 1995/96 1996/97  1996/97  1997/98
    PRODUCTION
        UNITED STATES       27.68   30.18   29.51   31.03    32.29    32.29
        LATIN AMERICA       25.30   26.53   29.17   29.02    30.75    30.63
         BRAZIL             14.50   15.87   17.04   15.88    16.27    16.16
         ARGENTINA           7.15    7.00    8.38    9.01     9.66     9.74
         MEXICO              2.06    1.86    1.95    2.15     2.68     2.60
        EUROPEAN UNION       9.85   11.49   10.91   11.90    12.11    12.27
        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     0.40
        FSU-12               0.43    0.51    0.27    0.25     0.22     0.25
        ASIA                15.55   15.58   16.31   16.82    18.61    18.69
         JAPAN               2.85    2.88    2.87    2.94     2.95     2.95
         CHINA               6.16    6.55    6.04    6.96     7.76     7.76
         TAIWAN              1.75    1.80    1.84    1.61     1.71     1.71
         INDIA               2.88    2.20    3.20    2.92     3.60     3.80
         OTHER               1.91    2.25    2.36    2.61     2.89     2.89
    
          TOTAL             81.27   87.17   89.15   92.29    97.54    97.71
    
    EXPORTS
        UNITED STATES        4.86    6.09    5.45    6.44     6.76     6.76
        BRAZIL              10.31   10.45   11.94   10.66    10.90    10.78
        ARGENTINA            6.76    6.73    8.22    8.68     9.15     9.23
        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     3.00     3.20
        OTHER                0.92    1.13    1.39    1.55     1.64     1.64
    
          TOTAL             29.95   30.92   33.77   34.01    35.53    35.69
    
    IMPORTS
        EUROPEAN UNION      16.47   16.80   15.79   14.76    15.17    15.27
         FRANCE              3.80    3.79    3.34    3.30     3.40     3.40
         GERMANY             2.12    1.99    1.64    1.60     1.50     1.55
         NETHERLANDS         1.37    1.78    1.75    1.70     1.75     1.76
         ITALY               1.75    1.90    1.93    1.75     1.80     1.83
        EASTERN EUROPE       1.61    2.00    1.89    1.78     1.89     1.90
        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    9.65    10.56    10.46
        CHINA                0.00    0.05    1.55    3.75     4.50     4.50
        MID-EAST/N AFR       2.69    3.01    3.21    3.32     3.37     3.44
        LATIN AMERICA        2.28    2.38    2.94    2.96     3.03     3.15
        OTHER                1.01    1.18    1.14    1.04     1.00     1.00
    
          TOTAL             29.26   31.25   32.72   33.81    35.34    35.54
    
    CONSUMPTION
        UNITED STATES       22.94   24.08   24.14   24.69    25.63    25.63
        LATIN AMERICA        9.71   10.94   11.03   11.48    12.44    12.48
         BRAZIL              4.18    5.38    5.21    5.40     5.57     5.57
         ARGENTINA           0.30    0.36    0.38    0.38     0.39     0.39
         MEXICO              2.41    2.22    2.30    2.35     2.88     2.80
        EUROPEAN UNION      22.68   24.42   22.60   22.65    23.18    23.44
         FRANCE              4.03    4.30    3.72    3.78     3.82     3.86
         GERMANY             3.37    3.37    3.21    3.41     3.32     3.41
         NETHERLANDS         2.52    3.11    2.63    2.47     2.62     2.63
         ITALY               3.16    3.24    3.18    3.09     3.06     3.11
         SPAIN               3.30    3.50    3.45    3.40     3.37     3.43
        OTHER W EUROPE       0.15    0.17    0.17    0.17     0.18     0.18
        FSU-12               1.00    1.03    0.65    0.50     0.47     0.50
        EASTERN EUROPE       1.93    2.27    2.14    2.13     2.25     2.28
         POLAND              0.55    0.71    0.78    0.74     0.84     0.84
        ASIA & OCEANIA      16.92   17.93   20.92   24.30    26.32    26.02
         JAPAN               3.73    3.70    3.63    3.68     3.77     3.77
         CHINA               5.11    5.33    7.49   10.69    12.24    12.24
         TAIWAN              1.88    1.86    1.86    1.64     1.74     1.74
         KOREA, REP OF       1.49    1.77    1.92    1.94     1.98     1.75
        MID-EAST/N AFR       3.39    3.95    4.11    4.30     4.48     4.55
        OTHER                2.01    2.30    2.39    2.38     2.47     2.47
    
          TOTAL             80.72   87.08   88.15   92.60    97.42    97.55
    
    ENDING STOCKS
        UNITED STATES        0.14    0.20    0.19    0.19     0.20     0.20
        BRAZIL               0.94    0.98    0.97    0.99     0.90     0.90
        ARGENTINA            0.61    0.52    0.30    0.25     0.37     0.37
        OTHER                2.27    2.67    2.87    2.40     2.56     2.37
    
          TOTAL              3.95    4.37    4.34    3.83     4.03     3.84
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: DECEMBER 1997
    
    
    
                                     TABLE 8
                   SOYBEAN OIL: WORLD SUPPLY AND DISTRIBUTION
                              (MILLION METRIC TONS)
    
                                                   PRELIM      NOV      DEC
                          1993/94 1994/95 1995/96 1996/97  1997/98  1997/98
    PRODUCTION
        UNITED STATES        6.33    7.08    6.91    7.14     7.59     7.59
        LATIN AMERICA        5.81    6.09    6.64    6.59     6.94     6.92
         BRAZIL              3.47    3.80    4.03    3.76     3.85     3.83
         ARGENTINA           1.52    1.49    1.78    1.91     2.05     2.07
         MEXICO              0.45    0.40    0.42    0.46     0.55     0.53
        EUROPEAN UNION       2.24    2.58    2.47    2.70     2.74     2.77
        OTHER W EUROPE       0.05    0.07    0.07    0.07     0.07     0.07
        FSU-12               0.08    0.06    0.06    0.05     0.04     0.05
        EASTERN EUROPE       0.07    0.07    0.07    0.08     0.10     0.10
        ASIA                 3.26    3.25    3.45    3.54     3.91     3.94
          JAPAN              0.66    0.67    0.67    0.69     0.68     0.68
          CHINA              1.14    1.21    1.15    1.32     1.48     1.48
          TAIWAN             0.39    0.40    0.41    0.35     0.38     0.38
          INDIA              0.65    0.50    0.71    0.66     0.81     0.86
        OTHER                0.42    0.49    0.51    0.57     0.63     0.63
    
          TOTAL             18.25   19.70   20.18   20.74    22.01    22.06
    
    EXPORTS
        UNITED STATES        0.69    1.22    0.45    0.93     1.09     1.09
        BRAZIL               1.35    1.49    1.60    1.33     1.35     1.33
        ARGENTINA            1.45    1.41    1.56    1.79     2.00     2.02
        EUROPEAN UNION       0.91    1.29    1.11    1.23     1.21     1.21
        OTHER                0.46    0.52    0.58    0.68     0.61     0.61
    
          TOTAL              4.85    5.92    5.29    5.95     6.26     6.25
    
    IMPORTS
        UNITED STATES        0.03    0.01    0.04    0.02     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    1.67     1.75     1.75
        INDIA                0.04    0.06    0.06    0.09     0.14     0.10
        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    5.85     6.28     6.24
    
    CONSUMPTION
        UNITED STATES        5.87    5.86    6.11    6.46     6.51     6.51
        LATIN AMERICA        3.74    3.99    3.99    4.20     4.47     4.45
          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    0.52     0.60     0.59
        EUROPEAN UNION       1.85    1.92    1.95    1.97     2.08     2.11
        OTHER W EUROPE       0.06    0.07    0.07    0.07     0.07     0.07
        FSU-12               0.16    0.10    0.11    0.11     0.11     0.12
        EASTERN EUROPE       0.20    0.18    0.17    0.19     0.20     0.21
        ASIA                 4.49    5.22    5.46    5.74     6.33     6.38
         JAPAN               0.67    0.68    0.67    0.69     0.70     0.70
         CHINA               1.76    2.53    2.61    2.89     3.23     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     0.28
         INDIA               0.71    0.56    0.77    0.74     0.90     0.96
         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    0.74     0.81     0.82
    
          TOTAL             18.42   19.46   19.65   20.83    22.06    22.14
    
    ENDING STOCKS
        UNITED STATES        0.50    0.52    0.91    0.69     0.71     0.71
        BRAZIL               0.35    0.37    0.38    0.39     0.36     0.36
        ARGENTINA            0.16    0.15    0.28    0.30     0.25     0.25
        OTHER                0.71    1.10    0.95    0.94     0.98     0.93
    
          TOTAL              1.72    2.14    2.51    2.31     2.29     2.24
    
    NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING.
    DATE: DECEMBER 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/     23,999  26,671   6,441   6,759      930    1,089
      BRAZIL                8,150   7,100  10,660  10,900    1,325    1,350
      ARGENTINA               750   1,500   8,680   9,230    1,790    2,015
      EUROPEAN UNION          279     286   4,153   4,053    1,230    1,208
        SPAIN                   1       2      60      40      213      192
        PORTUGAL                4       4      13      20       70       76
      PARAGUAY              1,650   1,750     587     665      135      150
      OTHER                 1,275   1,633   3,489   4,199      540      458
    
        WORLD TOTAL        36,103  38,940  34,010  35,806    5,950    6,270
    
    SELECTED IMPORTERS
      EUROPEAN UNION       15,388  15,800  14,758  15,270      518      552
        GERMANY             3,430   3,460   1,600   1,550      120      123
        NETHERLANDS         4,300   4,475   1,700   1,760       30       50
        SPAIN               2,800   2,925   1,400   1,450        8        8
        ITALY                 950     700   1,750   1,830       15       18
        BEL-LUX             1,168   1,240     968     973       50       60
        PORTUGAL              620     770     150      84       14        2
        FRANCE                720     675   3,300   3,400       57       60
        U.K.                  855     900   1,330   1,575      103      105
        DENMARK                70      80   1,400   1,450       40       40
      OTHER W EUROPE          375     382      48      50        7        7
      FSU-12                  150     175     247     255       61       72
       RUSSIA                 110     135      90      90       20       30
       UKRAINE                 20      20     100     105       38       40
      EASTERN EUROPE          201     313   1,783   1,903      106      105
        POLAND                 60     120     700     750       75       75
        HUNGARY                 7       5     460     520        0        0
      ASIA                 13,558  14,462   9,273  10,030    2,544    2,672
        JAPAN               5,043   4,900     825     800        2        2
        TAIWAN              2,374   2,500      30      30       18       22
        KOREA, REP OF       1,490   1,400     745     800       60       70
        INDONESIA             800     870   1,025   1,050       10       18
        PHILIPPINES           160     305     965     860       18       15
        INDIA                   0       0       0       0       85      100
        PAKISTAN               42      40     110     120      150      150
      MID-EAST/N AFR        1,078   1,207   3,324   3,442    1,137    1,242
        ISRAEL                525     525      38      38       25       27
        IRAN                    0       0     540     570      380      410
        EGYPT                 115     200     580     525       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         5,828   4,935   2,961   3,253    1,053    1,129
        MEXICO              2,680   3,000     200     200       91       90
        VENEZUELA             300     320     550     625      121      123
      CANADA                  233      70     650     595       59       45
      OTHER                   552     407     769     841      385      448
    
        WORLD TOTAL        36,263  38,991  33,813  35,539    5,845    6,242

    DATE: DECEMBER 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   5,731    5,996    6,060
    TOTAL CONSUM            MY      5,582   6,110   6,915    7,430    7,629
    TOTAL IMPORTS           MY        264     680   1,204    1,419    1,554
      PALM OIL          (OCT-SEP)     200     480     970      950    1,050
      SOYBEAN OIL       (OCT-SEP)      41      60      60       85      100
      RAPESEED OIL      (OCT-SEP)      15      20      40       40       50
    FSU-12
    TOTAL PROD              MY      2,189   1,927   2,524    1,812    2,057
    TOTAL CONSUM            MY      2,488   2,274   2,612    2,420    2,310
    TOTAL IMPORTS           MY        720     755     793      750      706
      PALM OIL          (OCT-SEP)      83     121     133      138      138
      SUNFLOWERSEED OIL (SEP-AUG)     248     317     330      264      214
      SOYBEAN OIL       (OCT-SEP)      80      47      50       61       72
    PAKISTAN
    TOTAL PROD              MY        324     343     431      415      433
    TOTAL CONSUM            MY      1,607   1,706   1,590    1,677    1,750
    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      127
    TOTAL CONSUM            MY        939   1,000     843      883      927
    TOTAL IMPORTS           MY        816     899     749      771      800
      SUNSEED OIL       (OCT-SEP)     180     280     138      200      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      544      551
    TOTAL IMPORTS           MY        454     508     486      528      535
      SUNSEED OIL       (JAN-DEC)      90     170     170      190      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        839     812     832      836      820
    TOTAL CONSUM            MY        977     970   1,032      986      980
    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    6,824    6,605
    TOTAL CONSUM            MY      7,330   9,627   9,423   10,135   10,634
    TOTAL IMPORTS           MY      2,487   4,431   2,835    3,653    4,130
      PALM OIL          (OCT-SEP)   1,420   1,667   1,006    1,500    1,775
      SOYBEAN OIL       (OCT-SEP)     640   1,702   1,445    1,674    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     14,444  15,127  16,866   16,432   16,548
    TOTAL CONSUM            MY     21,519  24,916  25,076   26,275   27,083
    TOTAL IMPORTS           MY      7,869  11,096   9,130   10,337   11,056
      PALM OIL              MY      3,789   4,380   3,977    4,586    5,044
      SOYBEAN OIL           MY      2,342   3,500   2,737    3,136    3,297
      SUNSEED OIL           MY        715   1,482   1,303    1,529    1,499
      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: DECEMBER 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     576  24,624   44,133    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)           -      33,757   1,032   6,681     -         224
    
    
    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     -       1,174
      1996/97(96)           -       8,448   1,559   1,628     -         963
    
    
    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: DECEMBER 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     242  23,999   39,080    3,583
      1997/98(97)          28,254  74,465     109  26,671   40,823    6,940
    
    
    
    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)           -      31,034      93   6,441     -         187
      1997/98(97)           -      32,290     113   6,759     -         204
    
    
    
    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)           -       7,141      24     930     -         690
      1997/98(97)           -       7,586      27   1,089     -         705
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: DECEMBER 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  24,150   1,300   3,633   20,154      825
      1997/98(96)          11,800  26,500   1,700   8,150   19,100      475
    
    
    
    
    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)           -      15,013     200  10,000     -         244
    
    
    
    
    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)           -       3,556     200   1,130     -         164
    
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: DECEMBER 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  11,200     500     750   10,400      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)           -       8,475       0   8,050     -         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)           -       1,800       0   1,700     -          50
    
    
    SOURCE: COUNSELOR AND ATTACHE REPORTS, 
            OFFICIAL STATISTICS, USDA ESTIMATES
    DATE: DECEMBER 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: DECEMBER 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    8,539
      SUNFLOWERSEED         3,506   4,026   3,210   3,896    3,724
      SOYBEANS                807   1,029     939   1,153    1,442
      OTHER                   594     647     717     592      732
    
          TOTAL            11,501  12,687  13,137  12,778   14,437
    
    PROTEIN MEAL CONSUMPTION 1/
      SOYBEAN              22,683  24,424  22,599  22,646   23,444
      SUNFLOWERSEED         3,761   4,279   4,330   4,628    4,494
      RAPESEED              4,345   5,067   5,250   4,700    5,205
      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  36,789  36,586   37,907
        TOTAL SME 4/       37,691  39,833  38,068  37,961   39,046
    
    OIL CONSUMPTION 1/
      SOYBEAN               1,848   1,920   1,951   1,972    2,112
      OLIVE                 1,343   1,344   1,178   1,393    1,492
      SUNFLOWERSEED         1,746   1,811   1,939   1,882    1,938
      RAPESEED              1,666   2,010   2,180   1,957    2,046
      OTHER                 3,286   3,433   3,358   3,263    3,303
    
        TOTAL               9,889  10,518  10,606  10,467   10,891
    
    IMPORTS(EX.INTRA TRADE) 5/ 6/
      SOYBEANS             12,870  15,695  13,999  15,109   15,525
      SOYBEAN MEAL         13,877  13,903  12,356  11,241   11,766
      SUNFLOWERSEED         1,457   1,611   2,303   2,136    1,805
    
    EXPORTS(EX.INTRA TRADE) 5/ 6/
      SOYBEAN MEAL            571     771     635     627      544
      SOYBEAN OIL             368     703     573     717      748
      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: DECEMBER 1997

   
Go to Tables 17-18

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Last modified: Tuesday, September 14, 2004