|
|
|
|
|
|
Situation and Outlook - October 2002
The
forecast for world oilseed production was reduced by almost 1.2 million tons in
October to 317.9 million tons. While copra production remained unchanged, the
production forecast for every other oilseed fell. Projected production of
rapeseed, soybeans and peanuts were reduced by 360, 340, and 331 thousand tons,
respectively. U.S. soybean
production in 2002/03 is expected to reach 72.2 million tons, down 55 thousand
tons from last month, and down from 78.7 million tons last year. Most
of the decline in world oilseed production is accounted for by reductions of 250
thousand tons in Canadian soybean production, 250 thousand tons in Chinese
peanut production, and lower European rapeseed production.
Weaker
than expected South American soybean exports in the last several months of the
marketing year led to a reduction of 600 thousand tons in estimated 2001/02
soybean exports, split evenly between Brazil and Argentina.
Forecast 2002/03 world soybean exports were reduced by 100 thousand tons
due to a cut in projected Brazilian exports.
Projected exports for other oilseeds are almost unchanged.
Forecast
2001/02 world soybean ending stocks rose by 1.1 million tons primarily due to
lower South American exports (600 thousand tons) and a larger final stocks
estimate for the United States. The
increase in 2002/03 ending stocks of 760 thousand tons, to 26.1 million, is due
to higher beginning stocks.
Return to Oilseeds Table of Contents Page
Foreign Developments
For additional information pertaining to the summary above and other noteworthy developments within the oilseeds complex see the reports below. All reports are in Adobe Acrobat format (.pdf) unless otherwise noted. These reports, along with others, may also be obtained in both Adobe Acrobat (.pdf) and WordPerfect format (.wpd) by going directly to the Attaché Report section of the FAS homepage at http://www.fas.usda.gov/
Oct 1, 2002 | India | Oilseeds and Products Update - October
Oct 8, 2002 | Argentina | Oilseeds and Products: Exports for July
Sept 25, 2002 | Vietnam | Oilseeds and Products: Peanut Update
Sept 30, 2002 | Philippines | Oilseeds and Products Update - Coconut Products Exports - June 2002
|
|