Soybean Exports Top 66 MMT in 2005/06

Transcription

1 United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 6-05 June 2005 Soybean Exports Top 66 MMT in 2005/ Major Exporters Major Importers 25 MMT Argentina Brazil United States China EU In 2005/06, global soybean exports are forecast to reach MMT, up 4.5 MMT from the 2004/05 record of 61.9 MMT. Much of the 2005/06 increase is due to China s robust import demand as strong economic growth continues to generate food and feed use. China s soybean imports in 2005/06 are forecast to reach a record 27 MMT, up 18 percent from 2004/05. This strong growth in China s import demand allows both the U.S. and South America to expand soybean exports. Increased exports in 2005/06 are forecast despite a decline in U.S. production and flat Argentine production due to large carryover stocks in 2004/05, which increases total supply to near year s record. In 2005/06, U.S. exports are forecast to increase 681,000 MT over the 2004/05 record to 30.9 MMT. Argentina s exports are forecast to increase 9 percent to 8.3 MMT. While increases in Argentina and the U.S. account for 30 percent of the 2005/06 export growth, nearly 52 percent of the growth is by Brazil whose exports are forecast to increase 12.2 percent to a record 22 MMT. This strong export growth is supported by a forecast 9-MMT increase in production over 2004/05. After 2 years of drought reduced crops, Brazil s production is forecast to reach a record 62 MMT in 2005/06 up from 53 MMT in 2004/05 and 50.5 MMT in 2003/04. Brazil s exports will be increasingly destined to China as imports by the EU-25, its largest market, are forecast relatively flat year-to-year. Along with strong export growth, Brazil and Argentina are forecast to experience strong growth in soybean crush, 7.2 and 5.1 percent, respectively. Increased meal output will fuel growth in exports and domestic consumption. In both countries an expanding poultry industry is continuing to demand more protein meals, causing domestic consumption of soybean meal to rise. Along with an increase in meal production, soybean oil production is forecast at record levels in South America. With only marginal growth in oil consumption forecast in South America, much of this oil will be exported to China and India where consumption and imports are forecast at record levels in 2005/06. Approved by the World Agricultural Outlook Board/USDA

2 List of Tables Key Oilseeds Forecast Changes from Last Month Table 1: Major Oilseeds: World Supply and Distribution Table 2: Major Protein Meals: World Supply and Distribution Table 3. Major Vegetable Oils: World Supply and Distribution Table 4: Major Oilseeds: Area, Yield, and Production by Main Producers Table 5: Soybeans: World Supply and Distribution Table 6: Soybean Meal: World Supply and Distribution Table 7: Soybean Oil: World Supply and Distribution Table 8: Soybeans and Products: World Trade Notes on World Supply/Demand Tables Table 9: Vegetable Oils Production, Consumption, and Imports For Selected Countries Table 10: United States: Oilseeds and Products Supply and Distribution Local Marketing Year Table 11: United States: Soybeans and Products Supply and Distribution Local Marketing Years Table 12: Brazil: Soybeans and Products Supply and Distribution Local Marketing Years Table 13: Argentina: Soybeans and Products Supply and Distribution Local Marketing Years Table 14: Argentina: Sunflowerseed and Products Supply and Distribution Local Marketing Years Table 15: European Union (25): Oilseeds and Products Supply and Distribution Table 16: Russia: Oilseeds and Products Supply and Distribution Table 17: China: Oilseeds and Products Supply and Distribution Table 18: India: Oilseeds and Products Supply and Distribution Table 19: Malaysia: Palm Oil Supply and Distribution Table 20: Oilseed Prices Table 21: Protein Meal Prices Table 22: Vegetable Oil Prices Table 23: GSM-102 Program Announcements and Sales Registrations Contact List

3 Return to Oilseeds Table of Contents Page Key Oilseeds Forecast Changes From May (1000 MT) Ending Year Production Imports Exports Consumption Stocks Oilseed, Soybean Argentina 2004/ ,083-1,083 Brazil 2004/ ,430 EU / India 2004/ Japan 2004/ United States 2004/ World 2004/ ,920 Meal, Soybean Argentina 2004/ EU / India 2004/ Japan 2004/ United States 2004/ World 2004/ Oil, Soybean World 2004/ Oilseed, Rapeseed Canada 2004/ China, Peoples Republic 2004/ EU / Mexico 2004/ World 2004/ Oil, Rapeseed EU / World 2004/ Meal, Rapeseed Canada 2004/ India 2004/ World 2004/ Oilseed, Sunflowerseed EU / World 2004/ Meal, Sunflowerseed EU-25 World 2004/ / Meal, Peanut India 2004/ Oil, Palm EU / Oil, Coconut World 2004/ Oilseed, Cottonseed World 2004/ FAS:COTS June 2005 Change Sheet Changes are Greater than 201 And Less Than -201 In order to access the latest Attache reports from around the world, click on the link below

4 TABLE 1. MAJOR OILSEEDS: WORLD SUPPLY AND DISTRIBUTION (MILLION METRIC TONS) PRELIM FORECAST 2001/ / / / /06 PRODUCTION SOYBEAN COTTONSEED PEANUT SUNFLOWERSEED RAPESEED COPRA PALM KERNEL TOTAL EXPORTS SOYBEAN COTTONSEED PEANUT SUNFLOWERSEED RAPESEED COPRA PALM KERNEL TOTAL IMPORTS SOYBEAN COTTONSEED PEANUT SUNFLOWERSEED RAPESEED COPRA PALM KERNEL TOTAL CRUSH SOYBEAN COTTONSEED PEANUT SUNFLOWERSEED RAPESEED COPRA PALM KERNEL TOTAL ENDING STOCKS SOYBEAN COTTONSEED PEANUT SUNFLOWERSEED RAPESEED COPRA PALM KERNEL TOTAL NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING. FOR NOTES AND DESCRIPTION OF AREAS DESIGNATED SEE PAGE FOLLOWING TABLE 8. SOURCE: COUNSELOR AND ATTACHE REPORTS OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

5 TABLE 2. MAJOR PROTEIN MEALS: WORLD SUPPLY AND DISTRIBUTION (MILLION METRIC TONS) PRELIM FORECAST 2001/ / / / /06 PRODUCTION SOYBEAN COTTONSEED RAPESEED SUNFLOWERSEED FISH PEANUT COPRA PALM KERNEL TOTAL EXPORTS SOYBEAN COTTONSEED RAPESEED SUNFLOWERSEED FISH PEANUT COPRA PALM KERNEL TOTAL IMPORTS SOYBEAN COTTONSEED RAPESEED SUNFLOWERSEED FISH PEANUT COPRA PALM KERNEL TOTAL CONSUMPTION SOYBEAN COTTONSEED RAPESEED SUNFLOWERSEED FISH PEANUT COPRA PALM KERNEL TOTAL ENDING STOCKS SOYBEAN COTTONSEED RAPESEED SUNFLOWERSEED FISH PEANUT COPRA PALM KERNEL TOTAL NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING. FOR NOTES AND DESCRIPTION OF AREAS DESIGNATED SEE PAGE FOLLOWING TABLE 8. SOURCE: COUNSELOR AND ATTACHE REPORTS OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

6 TABLE 3. MAJOR VEGETABLE OILS: WORLD SUPPLY AND DISTRIBUTION (MILLION METRIC TONS) PRELIM FORECAST 2001/ / / / /06 PRODUCTION SOYBEAN PALM SUNFLOWERSEED RAPESEED COTTONSEED PEANUT COCONUT OLIVE PALM KERNEL TOTAL EXPORTS SOYBEAN PALM SUNFLOWERSEED RAPESEED COTTONSEED PEANUT COCONUT OLIVE PALM KERNEL TOTAL IMPORTS SOYBEAN PALM SUNFLOWERSEED RAPESEED COTTONSEED PEANUT COCONUT OLIVE PALM KERNEL TOTAL CONSUMPTION SOYBEAN PALM SUNFLOWERSEED RAPESEED COTTONSEED PEANUT COCONUT OLIVE PALM KERNEL TOTAL ENDING STOCKS SOYBEAN PALM SUNFLOWERSEED RAPESEED COTTONSEED PEANUT COCONUT OLIVE PALM KERNEL TOTAL NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING. FOR NOTES AND DESCRIPTION OF AREAS DESIGNATED SEE PAGE FOLLOWING TABLE 8. 1/ PALM OIL TRADE EXCLUDES TRANSSHIPMENTS THROUGH SINGAPORE. SOURCE: COUNSELOR AND ATTACHE REPORTS OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

7 TABLE 4. MAJOR OILSEEDS: 1/ AREA, YIELD, AND PRODUCTION BY MAIN PRODUCERS AVERAGE 1999/ /04 PRELIMINARY 2004/05 FORECAST 2005/06 AREA 2/ YIELD 3/ PROD 4/ AREA 2/ YIELD 3/ PROD 4/ AREA 2/ YIELD 3/ PROD 4/ SOYBEAN UNITED STATES BRAZIL CHINA ARGENTINA EUROPEAN UNION (25) PARAGUAY OTHER TOTAL COTTONSEED CHINA UNITED STATES FSU INDIA PAKISTAN BRAZIL OTHER TOTAL PEANUT INDIA CHINA UNITED STATES SENEGAL SUDAN BRAZIL ARGENTINA SOUTH AFRICA OTHER TOTAL SUNFLOWERSEED FSU ARGENTINA OTHER EUROPE UNITED STATES CHINA EUROPEAN UNION (25) OTHER TOTAL RAPESEED CHINA EUROPEAN UNION (25) CANADA INDIA OTHER EUROPE OTHER TOTAL TOTAL OILSEEDS / SPLIT YEAR INCLUDES NORTHERN 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. 2/ IN MILLION HECTARES. 3/ IN TONS PER HECTARE. 4/ IN MILLION METRIC TONS. SOURCE: COUNSELOR AND ATTACHE REPORTS OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

8 TABLE 5 SOYBEANS: WORLD SUPPLY AND DISTRIBUTION (MILLION METRIC TONS) PRELIM FORECAST 2001/ / / / /06 PRODUCTION UNITED STATES BRAZIL ARGENTINA CHINA INDIA PARAGUAY OTHER TOTAL EXPORTS UNITED STATES BRAZIL ARGENTINA PARAGUAY OTHER TOTAL IMPORTS EUROPEAN UNION (25) OTHER EUROPE FSU ASIA CHINA JAPAN KOREA, REP OF TAIWAN INDONESIA MID-EAST/N AFR LATIN AMERICA MEXICO BRAZIL OTHER TOTAL CRUSH UNITED STATES LATIN AMERICA BRAZIL ARGENTINA MEXICO EUROPEAN UNION (25) FSU OTHER EUROPE ASIA JAPAN CHINA TAIWAN INDIA OTHER TOTAL ENDING STOCKS UNITED STATES BRAZIL ARGENTINA OTHER TOTAL U.S. SEASON AVG.PRICE ($/bu) NOTE: TOTALS MAY NOT ADD DUE TO ROUNDING. FOR NOTES AND DESCRIPTION OF PRICES AND AREAS DESIGNATED SEE PAGE FOLLOWING TABLE 8. 1/ BRAZIL AND ARGENTINA ESTIMATES HAVE BEEN ADJUSTED TO A CONSISTENT OCT-SEPT YEAR; ESTIMATES OF OTHER COUNTRIES (INCLUDING THE U.S.) ARE ON A LOCAL MARKETING YEAR. SOURCE: COUNSELOR AND ATTACHE REPORTS OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

9 TABLE 6 SOYBEAN MEAL: WORLD SUPPLY AND DISTRIBUTION (MILLION METRIC TONS) PRELIM FORECAST 2001/ / / / /06 PRODUCTION UNITED STATES LATIN AMERICA BRAZIL ARGENTINA MEXICO EUROPEAN UNION (25) OTHER EUROPE FSU ASIA JAPAN CHINA TAIWAN INDIA OTHER TOTAL EXPORTS UNITED STATES BRAZIL ARGENTINA EUROPEAN UNION (25) INDIA OTHER TOTAL IMPORTS EUROPEAN UNION (25) OTHER EUROPE FSU ASIA & OCEANIA CHINA PHILLIPINES MID-EAST/N AFR EGYPT LATIN AMERICA OTHER TOTAL CONSUMPTION UNITED STATES LATIN AMERICA BRAZIL ARGENTINA MEXICO EUROPEAN UNION (25) FSU OTHER EUROPE ASIA & OCEANIA JAPAN CHINA TAIWAN KOREA, REP OF MID-EAST/N AFR OTHER TOTAL ENDING STOCKS UNITED STATES BRAZIL ARGENTINA OTHER TOTAL U.S. SEASON AVG.PRICE ($/s.t) NOTE: TABLES MAY NOT ADD DUE TO ROUNDING. FOR NOTES AND DESCRIPTION OF PRICES AND AREAS DESIGNATED SEE PAGE FOLLOWING TABLE 8. SOURCE: COUNSELOR AND ATTACHE REPORTS, OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

10 TABLE 7 SOYBEAN OIL: WORLD SUPPLY AND DISTRIBUTION (MILLION METRIC TONS) PRELIM FORECAST 2001/ / / / /06 PRODUCTION UNITED STATES LATIN AMERICA BRAZIL ARGENTINA MEXICO EUROPEAN UNION (25) FSU OTHER EUROPE ASIA JAPAN CHINA TAIWAN INDIA OTHER TOTAL EXPORTS UNITED STATES BRAZIL ARGENTINA EUROPEAN UNION (25) OTHER TOTAL IMPORTS UNITED STATES EUROPEAN UNION (25) FSU OTHER EUROPE ASIA CHINA INDIA PAKISTAN MID-EAST/N AFR IRAN MOROCCO TURKEY TUNISIA LATIN AMERICA BRAZIL MEXICO CHILE PERU COLOMBIA OTHER TOTAL CONSUMPTION UNITED STATES LATIN AMERICA BRAZIL ARGENTINA MEXICO EUROPEAN UNION (25) FSU OTHER EUROPE ASIA JAPAN CHINA TAIWAN KOREA, REP OF INDIA PAKISTAN BANGLADESH MID-EAST/N AFR IRAN MOROCCO TURKEY OTHER TOTAL ENDING STOCKS UNITED STATES BRAZIL ARGENTINA OTHER TOTAL U.S. SEASON AVG.PRICE (c/lb) NOTE: TABLES MAY NOT ADD DUE TO ROUNDING. FOR NOTES AND DESCRIPTION OF PRICES AND AREAS DESIGNATED SEE PAGE FOLLOWING TABLE 8. SOURCE: COUNSELOR AND ATTACHE REPORTS, OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

11 TABLE 8 SOYBEANS AND PRODUCTS: WORLD TRADE (1000 METRIC TONS) SOYBEANS SOYBEAN MEAL SOYBEAN OIL 2003/ / / / / / / / /06 EXPORTERS MARKETING YEAR UNITED STATES 1/ (OCT-SEP) 23,946 30,209 30,890 3,950 5,534 5, BRAZIL (OCT-SEP) 19,816 19,651 22,000 14,761 14,812 15,230 2,719 2,684 2,969 ARGENTINA (OCT-SEP) 6,710 7,565 8,250 18,946 19,965 20,595 4,413 4,605 4,895 EUROPEAN UNION (25) (OCT-SEP) INDIA (OCT-SEP) ,310 1,700 2, PARAGUAY (OCT-SEP) 2,776 2,100 3,000 1,046 1, OTHER 2/ 2,173 2,399 2,293 2,200 2,547 2, WORLD TOTAL 2/ 55,667 61,944 66,453 44,611 45,942 47,135 8,982 9,501 10,111 SELECTED IMPORTERS EUROPEAN UNION (25) (OCT-SEP) 14,638 14,959 15,200 21,864 22,750 23, FSU-12 (OCT-SEP) RUSSIA (OCT-SEP) UKRAINE (OCT-SEP) OTHER EUROPE (OCT-SEP) ASIA 2/ 29,050 34,978 39,071 8,996 9,294 9,385 4,449 4,765 5,210 CHINA (OCT-SEP) 16,933 22,800 27, ,729 2,200 2,600 JAPAN (OCT-SEP) 4,688 4,550 4,600 1,195 1,300 1, TAIWAN (OCT-SEP) 2,218 2,300 2, KOREA, REP OF (NOV-OCT) 1,368 1,300 1,350 1,293 1,500 1, INDONESIA (OCT-SEP) 1,316 1,375 1,450 1,547 1,525 1, THAILAND (OCT-SEP) 1,407 1,400 1,200 1,646 1,650 1, MALAYSIA (OCT-SEP) PHILIPPINES (JAN-DEC) ,186 1,225 1, INDIA (OCT-SEP) ,600 1,650 PAKISTAN (OCT-SEP) MID-EAST/N AFR 2/ 3,017 3,615 3,801 4,918 4,967 5,210 1,617 1,913 2,071 ISRAEL (OCT-SEP) IRAN (OCT-SEP) , ,000 EGYPT (OCT-SEP) MOROCCO (OCT-SEP) TUNISIA (OCT-SEP) ALGERIA (JAN-DEC) TURKEY (NOV-OCT) OTHER AFRICA 2/ SOUTH AFRICA (JUN-JUL) LATIN AMERICA 2/ 6,006 6,203 6,259 4,808 5,178 5,490 1,489 1,598 1,710 MEXICO (SEP-AUG) 3,797 3,900 4, , VENEZUELA (OCT-SEP) CANADA (AUG-JUL) ,045 1,100 1, OTHER 2/ WORLD TOTAL 2/ 54,145 61,092 65,581 43,992 45,684 46,784 8,383 9,087 9,770 NOTE: SEE FOLLOWING PAGE FOR COUNTRIES INCLUDED IN REGIONAL AREAS. 1/ SEP-AUG FOR SOYBEANS. 2/ AN AGGREGATE OF INDIVIDUAL MARKETING YEARS. SOURCE: COUNSELOR AND ATTACHE REPORTS, OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

12 TABLE 9 VEGETABLE OIL PRODUCTION, CONSUMPTION AND IMPORTS FOR SELECTED COUNTRIES, 1,000 METRIC TONS IMPORT PRELIM FORECAST MARKETING 2000/ / / / / /06 YEAR INDIA TOTAL PRODUCTION MY 5,210 5,891 4,950 6,835 6,889 6,910 TOTAL CONSUMPTION MY 11,131 11,033 10,729 11,258 11,828 12,216 TOTAL IMPORTS MY 6,018 5,131 5,488 4,515 5,150 5,405 PALM OIL (OCT-SEP) 4,000 3,400 3,950 3,550 3,400 3,600 SOYBEAN OIL (OCT-SEP) 1,400 1,550 1, ,600 1,650 SUNFLOWERSEED OIL (OCT-SEP) FSU-12 TOTAL PRODUCTION MY 2,792 2,546 3,229 3,593 3,736 4,232 TOTAL CONSUMPTION MY 3,126 3,370 3,061 3,234 3,527 3,868 TOTAL IMPORTS MY 1,072 1, PALM OIL (OCT-SEP) SUNFLOWERSEED OIL (SEP-AUG) SOYBEAN OIL (OCT-SEP) PAKISTAN TOTAL PRODUCTION MY TOTAL CONSUMPTION MY 2,049 1,906 2,063 1,907 2,004 2,047 TOTAL IMPORTS MY 1,500 1,347 1,534 1,347 1,335 1,463 PALM OIL (OCT-SEP) 1,295 1,252 1,370 1,297 1,250 1,375 SOYBEAN OIL (OCT-SEP) EGYPT TOTAL PRODUCTION MY TOTAL CONSUMPTION MY 1, , ,125 1,170 TOTAL IMPORTS MY , SUNFLOWERSEED OIL (OCT-SEP) COTTONSEED OIL (OCT-SEP) PALM OIL (OCT-SEP) SOYBEAN OIL (OCT-SEP) IRAN TOTAL PRODUCTION MY TOTAL CONSUMPTION MY 1, ,087 1,005 1,249 1,339 TOTAL IMPORTS MY 1,049 1,001 1, ,225 1,325 PALM OIL (OCT-SEP) SOYBEAN OIL (OCT-SEP) ,000 SUNFLOWERSEED OIL (OCT-SEP) ALGERIA TOTAL PRODUCTION MY TOTAL CONSUMPTION MY TOTAL IMPORTS MY SUNFLOWERSEED OIL (JAN-DEC) RAPESEED OIL (JAN-DEC) MOROCCO TOTAL PRODUCTION MY TOTAL CONSUMPTION MY TOTAL IMPORTS MY SOYBEAN OIL (OCT-SEP) RAPESEED OIL (OCT-SEP) NIGERIA TOTAL PRODUCTION MY 1,144 1,185 1,204 1,330 1,356 1,367 TOTAL CONSUMPTION MY 1,293 1,364 1,374 1,355 1,381 1,392 TOTAL IMPORTS MY PALM OIL (OCT-SEP) VENEZUELA TOTAL PRODUCTION MY TOTAL CONSUMPTION MY TOTAL IMPORTS MY SUNFLOWERSEED OIL (OCT-SEP) SOYBEAN OIL (OCT-SEP) CHINA TOTAL PRODUCTION MY 10,765 11,251 11,833 11,959 13,478 14,105 TOTAL CONSUMPTION MY 13,520 14,545 17,408 18,964 20,508 22,154 TOTAL IMPORTS MY 2,891 3,328 5,656 7,125 7,010 8,090 PALM OIL (OCT-SEP) 2,028 2,475 3,531 3,710 4,200 4,700 SOYBEAN OIL (OCT-SEP) ,712 2,729 2,200 2,600 RAPESEED OIL (OCT-SEP) BANGLADESH TOTAL PRODUCTION MY TOTAL CONSUMPTION MY 1, ,075 1,123 1,143 TOTAL IMPORTS MY SOYBEAN OIL (OCT-SEP) PALM OIL (OCT-SEP) TOTAL OF SELECTED IMPORTERS TOTAL PRODUCTION MY 21,163 22,089 22,417 25,062 26,990 28,070 TOTAL CONSUMPTION MY 35,237 36,333 39,288 41,143 44,085 46,730 TOTAL IMPORTS MY 15,296 14,892 18,023 17,661 18,556 20,286 PALM OIL MY 8,776 8,620 10,977 10,405 10,900 11,773 RAPESEED OIL MY SOYBEAN OIL MY 4,515 4,904 5,568 5,554 6,085 6,667 SUNFLOWERSEED OIL MY 1, NOTE: PRODUCTION IS OIL PROCESSED FROM DOMESTIC AND/OR IMPORTED OILSEEDS, PLUS OIL FROM OTHER DOMESTIC SOURCES (E.G. PALM OIL, FISH OIL). ANIMAL FATS ARE NOT INCLUDED. CONSUMPTION DATA MAY INCLUDE YEAR-TO-YEAR ADJUSTMENTS IN CASES WHERE STOCKS DATA ARE NOT AVAILABLE OR ARE NOT RELIABLE. TOTALS ARE FOR ALL COUNTRIES CONTAINED IN THE TABLE. SOURCE: COUNSELOR AND ATTACHE REPORTS, OFFICIAL STATISTICS USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

13 Notes on World Supply/Demand Tables 1)Trade, crush, consumption, and stocks data are aggregated using individual marketing years with the exception of Argentina and Brazil. These two countries are converted to an October-September basis. Marketing years for countries in the Northern Hemisphere begin in the first year shown. Those in the Southern Hemisphere begin in the second year. 2)World imports and exports will not balance. This is due to differences in marketing years and time lags between exportation and importation. 3)Stocks data are not estimated for all countries. 4)Price averages are dollars per bushel for soybeans, dollars per short ton for soybean meal and cents per pound for soybean oil. Regional area and county designations in the soybean, soybean meal, and soybean oil supply, distribution, and trade tables are as follows: Asia Africa, North FSU-12 Latin America Europe (EU)* Bangladesh Algeria Armenia Argentina Austria Burma Egypt Azerbaijan Barbados Belgium China Libya Byelarus Bolivia Cyprus Cambodia Morocco Georgia Brazil Czech Republic Hong Kong Tunisia Kazakhstan Chile Denmark India Kyrgyzstan Colombia Estonia Indonesia Africa, Other Moldova Costa Rica Finland Japan Angola Russia Cuba France Korea, North Burkina (Upper Volta) Tajikistan Dominican Rep Germany Korea, Republic of Ethiopia Turkmenistan Ecuador Greece Malaysia Ivory Coast Ukraine El Salvador Hungary Pakistan Kenya Uzbekistan Guatemala Ireland Philippines Malagasy Republic Guyana Italy Singapore Mauritius Europe, Other Haiti Latvia Sri Lanka Nigeria Albania Honduras Lituania Taiwan Senegal Azores Jamaica Luxemburg Thailand Somalia Bulgaria Mexico Malta Vietnam South Africa Bosnia and Hercegovina Netherlands Antilles Netherlands Tanzania Croatia Nicaragua Poland Middle East Zambia Iceland Panama Portugal Iran Zimbabwe Macedonia Paraguay Slovakia Iraq Norway Peru Slovenia Israel Oceania Romania Suriname Spain Jordan Australia Serbia and Montenegro Trinidad-Tobago Sweden Kuwait New Zealand Switzerland Uruguay United Kingdom Lebanon Yugoslavia Venezuela Saudi Arabia Syria United States Canada Turkey

14 TABLE 10 UNITED STATES: OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION LOCAL MARKETING YEARS (1,000 METRIC TONS) AREA YIELD PROD IMPORTS EXPORTS CRUSH DOMESTIC ENDING HA MT/HA CONS STOCKS MAJOR OILSEEDS 1996/97(96) 32, , ,746 44,135 52,000 4, /98(97) 35, , ,519 48,889 57,455 6, /99(98) 35, , ,721 47,814 57,993 10, /00(99) 37, , ,395 47,891 57,474 8, /01(00) 36, , ,976 49,066 58,897 7, /02(01) 37, , ,966 50,622 61,466 6, /03(02) 36, , ,433 47,495 56,090 5, /04(03) 36, , ,976 45,528 53,810 4, /05(04) 36, , ,049 49,535 60,335 9, /06(05) 36, , ,829 50,039 59,682 8,107 MAJOR PROTEIN MEALS 1996/97(96) ,772 1,025 6,598-28, /98(97) ,422 1,355 8,700-30, /99(98) ,799 1,206 6,716-31, /00(99) ,698 1,224 6,878-31, /01(00) ,216 1,166 7,258-32, /02(01) ,891 1,059 7,061-32, /03(02) ,607 1,188 5,657-32, /04(03) ,208 1,821 4,201-32, /05(04) ,369 1,486 5,777-34, /06(05) ,689 1,480 5,517-34, MAJOR VEGETABLE AND MARINE OILS 1996/97(96) - - 8,333 1,554 1,515-8, /98(97) - - 9,505 1,644 2,044-9, /99(98) - - 9,430 1,435 1,639-9, /00(99) - - 9,371 1,528 1,134-9,547 1, /01(00) - - 9,509 1,683 1,048-9,714 1, /02(01) - - 9,645 1,617 1,548-10,056 1, /03(02) - - 9,184 1,540 1,245-9, /04(03) - - 8,765 1, , /05(04) - - 9,561 1, , /06(05) - - 9,652 1, , NOTE: MAJOR OILSEEDS INCLUDE COTTONSEED, PEANUTS, RAPESEED, SOYBEANS, AND SUNFLOWERSEED MAJOR PROTEIN MEALS INCLUDE COPRA, COTTONSEED, FISH, PEANUT, RAPESEED, SOYBEAN, AND SUNFLOWERSEED MAJOR VEGETABLE AND FISH OILS INCLUDE COCONUT, COTTONSEED, FISH, OLIVE, PALM, PALM KERNEL, PEANUT, RAPESEED, SOYBEAN, AND SUNFLOWERSEED. SOURCE: COUNSELOR AND ATTACHE REPORTS, OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005

15 TABLE 11 UNITED STATES: SOYBEANS AND PRODUCTS SUPPLY AND DISTRIBUTION LOCAL MARKETING YEARS (1,000 METRIC TONS) AREA YIELD PROD IMPORTS EXPORTS CRUSH DOMESTIC ENDING HA MT/HA CONS STOCKS SOYBEAN (SEP-AUG) 1996/97(96) 25, , ,110 39,080 42,317 3, /98(97) 27, , ,760 43,464 47,701 5, /99(98) 28, , ,898 43,262 48,736 9, /00(99) 29, , ,537 42,927 47,388 7, /01(00) 29, , ,103 44,625 49,203 6, /02(01) 29, , ,948 46,259 50,867 5, /03(02) 29, , ,423 43,948 47,524 4, /04(03) 29, , ,946 41,631 44,777 3, /05(04) 29, , ,209 45,586 49,757 8, /06(05) 29, , ,890 45,722 49,764 6,930 SOYBEAN MEAL (OCT-SEP) 1996/97(96) , ,344-24, /98(97) , ,464-26, /99(98) , ,461-27, /00(99) , ,652-27, /01(00) , ,988-28, /02(01) , ,811-30, /03(02) , ,461-29, /04(03) , ,950-29, /05(04) /06(05) , ,262-31, SOYBEAN OIL (OCT-SEP) 1996/97(96) - - 7, , /98(97) - - 8, ,397-6, /99(98) - - 8, ,076-7, /00(99) - - 8, , /01(00) - - 8, ,401 1, /02(01) - - 8, ,143-7,635 1, /03(02) - - 8, ,027-7, /04(03) - - 7, , /05(04) - - 8, , /06(05) - - 8, , SOURCE: COUNSELOR AND ATTACHE REPORTS, OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

16 TABLE 12 BRAZIL: SOYBEANS AND PRODUCTS SUPPLY AND DISTRIBUTION LOCAL MARKETING YEARS (1,000 METRIC TONS) AREA YIELD PROD IMPORTS EXPORTS CRUSH DOMESTIC ENDING HA MT/HA CONS STOCKS SOYBEANS (FEB-JAN) 1997/98(96) 11, ,300 1,450 8,327 18,944 20, /99(97) 13, , ,325 21,832 23, /2000(98) 12, , ,912 21,645 23, /01(99) 13, , ,779 21,578 23, /02(00) 13, , ,521 22,773 24, /03(01) 16, ,500 1,100 16,074 25,843 28, /04(02) 18, ,000 1,124 19,987 27,796 30,689 3, /05(03) 21, , ,571 29,172 32,322 2, /06(04) 22, , ,776 29,856 33,178 2, /07(05) 23, , ,936 32,309 35,884 5,725 SOYBEAN MEAL (FEB-JAN) 1997/98(96) , ,800-5, /99(97) , ,850-6, /2000(98) , ,150-6, /01(99) , ,875-7, /02(00) , ,852-7, /03(01) , ,825-7, /04(02) , ,222-8, /05(03) , ,630-8, /06(04) /07(05) , ,584-9, SOYBEAN OIL (FEB-JAN) 1997/98(96) - - 3, ,075-2, /99(97) - - 3, ,418-2, /2000(98) - - 3, ,463-2, /01(99) - - 3, ,135-2, /02(00) - - 4, ,620-2, /03(01) - - 4, ,100-2, /04(02) - - 5, ,410-2, /05(03) - - 5, ,655-2, /06(04) - - 5, ,706-2, /07(05) - - 5, ,936-2, SOURCE: COUNSELOR AND ATTACHE REPORTS, OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

17 TABLE 13 ARGENTINA: SOYBEANS AND PRODUCTS SUPPLY AND DISTRIBUTION LOCAL MARKETING YEARS (1,000 METRIC TONS) AREA YIELD PROD IMPORTS EXPORTS CRUSH DOMESTIC ENDING HA MT/HA CONS STOCKS SOYBEANS (APR-MAR) 1997/98(96) 6, , ,423 10, /99(97) 6, ,500 1,250 3,231 16,750 17, /2000(98) 8, , ,400 17,100 17, /01(99) 8, , ,100 16,500 17, /02(00) 10, , ,475 19,500 20, /03(01) 11, , ,243 22,390 23, /04(02) 12, , ,910 24,723 26,256 1, /05(03) 14, , ,500 25,072 26,624 2, /06(04) 14, , ,700 27,500 29,162 3, /07(05) 14, , ,400 27,900 29,662 3,722 SOYBEAN MEAL (APR-MAR) 1997/98(96) - - 8,350-8, /99(97) ,400-12, /2000(98) ,500-13, /01(99) ,125-13, /02(00) ,500-15, /03(01) ,650-17, /04(02) ,486-19, /05(03) ,807-19, /06(04) ,725-20, /07(05) ,041-21, SOYBEAN OIL (APR-MAR) 1997/98(96) - - 1,960-1, /99(97) - - 2,970-2, /2000(98) - - 3,150-3, /01(99) - - 3,030-2, /02(00) - - 3,625-3, /03(01) - - 4,125-3, /04(02) - - 4,554-4, /05(03) - - 4,513-4, /06(04) - - 4,950-4, /07(05) - - 5,022-4, SOURCE: COUNSELOR AND ATTACHE REPORTS, OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

18 TABLE 14 ARGENTINA: SUNFLOWERSEED AND PRODUCTS SUPPLY AND DISTRIBUTION LOCAL MARKETING YEARS (1,000 METRIC TONS) AREA YIELD PROD IMPORTS EXPORTS CRUSH DOMESTIC ENDING HA MT/HA CONS STOCKS SUNFLOWERSEED (MAR-FEB) 1996/97(95) 2, , ,175 5, /98(96) 3, , ,975 5, /99(97) 3, , ,195 6, /2000(98) 3, , ,200 5, /01(99) 1, , ,450 3, /02(00) 2, , ,400 3, /03(01) 2, , ,029 3, /04(02) 1, , ,940 3, /05(03) 1, , ,350 3, /06(04) 2, , ,539 3, SUNFLOWERSEED MEAL (MAR-FEB) 1996/97(95) - - 2, , /98(96) - - 2, , /99(97) - - 2, , /2000(98) - - 2, , /01(99) - - 1, , /02(00) - - 1, , /03(01) - - 1,274-1, /04(02) - - 1, /05(03) - - 1,395-1, /06(04) - - 1,486-1, SUNFLOWERSEED OIL (MAR-FEB) 1996/97(95) - - 2,070-1, /98(96) - - 1,990-1, /99(97) - - 2,450-1, /2000(98) - - 2,140-1, /01(99) - - 1, /02(00) - - 1,450-1, /03(01) - - 1, /04(02) - - 1, /05(03) - - 1, /06(04) - - 1,505-1, SOURCE: COUNSELOR AND ATTACHE REPORTS, OFFICIAL STATISTICS, USDA ESTIMATES DATE: June 2005 and SEEDS DIVISION

19 TABLE 15 EUROPEAN UNION (25): OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION (1,000 METRIC TONS) PRELIM FORECAST 2001/ / / / /06 OILSEED PRODUCTION RAPESEED 11,483 11,652 11,174 15,275 13,690 SUNFLOWERSEED 3,836 3,713 4,035 4,181 3,515 SOYBEANS 1, OTHER TOTAL 17,406 16,905 16,439 20,999 18,747 PROTEIN MEAL CONSUMPTION 1/ SOYBEAN 32,995 33,015 32,586 33,606 34,193 SUNFLOWERSEED 3,935 4,100 4,570 4,245 4,392 RAPESEED 6,037 6,239 6,150 7,606 7,673 CORN GLUTEN FEED 4,995 4,479 3,977 3,350 3,100 OTHER 4,404 4,386 4,037 4,103 4,200 TOTAL 3/ 47,371 47,740 47,343 49,560 50,458 TOTAL SME 4/ 47,461 47,349 46,611 47,929 48,579 OIL CONSUMPTION 1/ SOYBEAN 2,256 2,276 2,034 1,978 1,944 OLIVE 1,874 1,903 1,934 1,946 1,976 SUNFLOWERSEED 2,333 2,247 2,327 2,375 2,523 RAPESEED 4,055 4,115 4,388 5,202 5,288 OTHER 4,522 4,537 4,785 5,310 5,931 TOTAL 15,040 15,078 15,468 16,811 17,662 IMPORTS(EX.INTRA TRADE) 5/ SOYBEANS 18,539 16,872 14,638 14,959 15,200 SOYBEAN MEAL 19,680 20,349 21,864 22,750 23,200 SUNFLOWERSEED 868 1,002 1, ,416 EXPORTS(EX.INTRA TRADE) 5/ 6/ SOYBEAN MEAL SOYBEAN OIL RAPESEED OIL / 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 SOURCE: COUNSELOR AND ATTACHE REPORT OFFICIAL STATISTICS USDA ESTIMATES and SEEDS DIVISION DATE: June 2005

20 TABLE 16 RUSSIA: OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION (1,000 METRIC TONS) PRELIM FORECAST 2001/ / / / /06 OILSEED PRODUCTION RAPESEED SOYBEANS SUNFLOWERSEED 2,670 3,685 4,850 4,750 4,800 TOTAL 3,160 4,223 5,435 5,320 5,470 PROTEIN MEAL CONSUMPTION SOYBEAN SUNFLOWERSEED 938 1,098 1,082 1,245 1,310 RAPESEED FISH TOTAL 1/ 1,811 1,955 1,942 2,146 2,323 TOTAL SME 2/ 1,834 1,960 1,930 2,126 2,301 OIL CONSUMPTION SOYBEAN COTTONSEED SUNFLOWERSEED 1,195 1,399 1,602 1,725 1,905 RAPESEED OTHER TOTAL 1/ 2,191 2,090 2,217 2,337 2,543 IMPORTS 3/ SOYBEANS SOYBEAN MEAL SUNFLOWERSEED O EXPORTS 3/ SUNFLOWERSEED SOYBEANS SUNFLOWERSEED O FISHMEAL / AN AGGREGATE OF DIFFERENT MARKETING YEARS 2/ 44-PERCENT SOYBEAN MEAL EQUIVALENT 3/ ASSORTED MARKETING YEARS SOURCE: COUNSELOR AND ATTACHE REPORT OFFICIAL STATISTICS USDA ESTIMATES and SEEDS DIVISION DATE: June 2005

21 TABLE 17 CHINA: OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION (1,000 METRIC TONS) PRELIM FORECAST 2001/ / / / /06 OILSEED PRODUCTION COTTONSEED PEANUTS RAPESEED SOYBEANS SUNFLOWERSEED TOTAL PROTEIN MEAL CONSUMPTION SOYBEAN COTTONSEED RAPESEED PEANUT OTHER TOTAL 1/ TOTAL SME 2/ OIL CONSUMPTION SOYBEAN COTTONSEED PALM RAPESEED PEANUT SUNFLOWER OTHER TOTAL 1/ IMPORTS 3/ SOYBEANS RAPESEED FISHMEAL SOYMEAL PALM OIL SOYBEAN OIL RAPESEED OIL EXPORTS 3/ SOYBEANS PEANUTS SOYBEAN MEAL COTTONSEED MEAL RAPESEED MEAL RAPESEED OIL / AN AGGREGATE OF DIFFERENT MARKETING YEARS 2/ 44-PERCENT SOYBEAN MEAL EQUIVALENT 3/ ASSORTED MARKETING YEARS SOURCE: COUNSELOR AND ATTACHE REPORT OFFICIAL STATISTICS USDA ESTIMATES and SEEDS DIVISION DATE: June 2005

22 TABLE 18 INDIA: OILSEEDS AND PRODUCTS SUPPLY AND DISTRIBUTION (1,000 METRIC TONS) PRELIM FORECAST 2001/ / / / /06 OILSEED PRODUCTION COTTONSEED PEANUTS RAPESEED SOYBEANS SUNFLOWERSEED TOTAL PROTEIN MEAL CONSUMPTION SOYBEAN COTTONSEED RAPESEED PEANUT OTHER TOTAL 1/ TOTAL SME 2/ OIL CONSUMPTION SOYBEAN COTTONSEED PALM RAPESEED PEANUT OTHER TOTAL 1/ IMPORTS 3/ SOYBEANS SUNFLOWERSEED O PALM OIL SOYBEAN OIL RAPESEED OIL EXPORTS 3/ PEANUTS PEANUT MEAL SOYBEAN MEAL RAPESEED MEAL / AN AGGREGATE OF DIFFERENT MARKETING YEARS 2/ 44-PERCENT SOYBEAN MEAL EQUIVALENT 3/ ASSORTED MARKETING YEARS SOURCE: COUNSELOR AND ATTACHE REPORT OFFICIAL STATISTICS USDA ESTIMATES and SEEDS DIVISION DATE: June 2005

23 TABLE 19 MALAYSIA: PALM OIL SUPPLY AND DISTRIBUTION (1,000 METRIC TONS) BEGINNING ENDING YEAR STOCKS PRODUCTION 1/ EXPORTS 6/ CONSUMPTION 2/ STOCKS 1988/ ,636 4, / ,412 5, / ,033 5, / ,222 5,552 1, / ,125 5,740 1,274 1, /94 1,026 7,100 6,500 1, / ,771 6,634 1, / ,264 6,660 1, / ,005 7,544 1, / ,508 7,421 1, /99 OCT-DEC 2,149 1,794 JAN-MAR 1,771 1,561 APR-JUN 2,865 2,105 JUL-SEP 2,973 2,433 TOTAL 719 9,758 8,100 1,459 1, /2000 OCT-DEC 2,943 2,520 JAN-MAR 2,225 2,030 APR-JUN 2,415 1,875 JUL-SEP 2,908 2,050 TOTAL 1,208 10,491 8,845 1,566 1, /2001 OCT-DEC 3,290 2,567 JAN-MAR 2,836 2,562 APR-JUN 2,832 2,557 JUL-SEP 2,979 2,337 TOTAL 1,368 11,937 10,475 1,675 1, /2002 OCT-DEC 3,155 2,647 JAN-MAR 2,603 2,238 APR-JUN 2,732 2,651 JUL-SEP 3,368 2,629 TOTAL 1,216 11,858 10,500 1,742 1, /2003 OCT-DEC 3,206 2,925 JAN-MAR 2,614 2,450 APR-JUN 3,482 3,068 JUL-SEP 3,879 3,596 TOTAL 1,149 13,180 11,650 2, /2004 OCT-DEC 3,380 3,004 JAN-MAR 2,680 2,591 APR-JUN 3,279 2,715 JUL-SEP 4,080 3,636 TOTAL 4/ ,420 11,765 1,963 1, /2005 OCT-DEC 3,936 3,410 JAN-MAR 3,417 3,128 APR-JUN 3,500 3,200 JUL-SEP TOTAL 5/ 1,332 15,200 13,000 2,682 1,450 1/TOTALS ARE BASED ON AN OCTOBER-SEPTEMBER BASIS. 2/ UTILIZATION INCLUDES EXPORTS OF FURTHER PROCESSED PRODUCTS AND REFINING LOSSES AND THEREFORE IS HIGHER THAN THE ACTUAL LEVEL. 3/ QUARTERLY EXPORT DATA MAY NOT ADD TO YEAR TOTAL BECAUSE QUARTERLY IMPORT DATA IS NOT AVAILABLE. 4/ PRELIMINARY 5/ FORECAST 6/ NET EXPORTS: EXCLUDING PALM AND FATTY ACID DISTILLATES. SOURCE: COUNSELOR AND ATTACHE REPORTS, OFFICIAL STATISTICS, USDA ESTIMATES. June-05 and SEEDS DIVISION

24 PRICES TABLE 20. OILSEED PRICES (US DOLLARS PER METRIC TON) YEAR SOYBEANS PEANUT SUNFLOWERSEEDRAPESEED 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. 93/94-02/ / / / / / / / / / / /04 OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG NA SEP AVERAGE /05 OCT NOV DEC JAN FEB MAR APR *MAY JUN. JUL. AUG. SEP. AVERAGE / 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. OR FOB PARANAGUA REUTERS 4/ ARGENTINA FOB B.AIRES; SAFRAS AND MERCADO. OR FOB UP RIVER; REUTERS 5/ ROTTERDAM CIF; VARIOUS SOURCES; OIL WORLD. 6/ U.S. FARM PRICE INSHELL USDA. 7/ ROTT CIF; US RUNNERS 40/50%, SHELLED BASIS, OIL WORLD. 8/ U.S. FARM PRICE; USDA. 9/ ROTTERDAM CIF; EC LOWER RHINE (BEGINNING SEP 93) U.S./CANADA PRIOR; OIL WORLD. 10/HAMBURG CIF; EUROPE "00" OIL; OIL WORLD. 11/ ROTTERDAM CIF; PHILLIPINES/INDONESIA; OIL WORLD 12/ ROTTERDAM CIF; CANADA NO.1; OIL WORLD. DATE: June 2005 and SEEDS DIVISION