2017/18 olive oil export forecast rises with slight growth...

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

November 2017

2017/18 Olive Oil Export Forecast Rises with Slight Growth in Production

Global olive oil production in 2017/18 is forecast to rise to 2.7 million tons, recovering slightly from last year. However, reports of unfavorable growing conditions in the European Union indicate production will be lower than previously forecast. Spain, the world’s largest producer of olive oil, is expecting a lower crop, down 10 percent year-over-year due to poor rainfall. This is likely to be offset by growth in other producers. Portugal is forecast to achieve record production as trees that were planted in 2004 are now bearing fruit. Italy is forecast to produce 320,000 tons of olive oil, with end of September rains occurring in Puglia, the main producing region, ensuring a high-quality product. Tunisia is forecast to have above-average production with good rainfall in September, and Turkey is likely to see production growth with young trees starting to bear fruit. Global stocks are likely to tighten further, reaching their lowest level in the past 5 years, as global consumption remains strong and continues to closely follow output levels. Prices have climbed steadily from June 2016 to May 2017, after a major decline in late 2015, and have stabilized over the last few months. Even with higher production, tightening of stocks has helped push prices back to early 2015 levels. Olive oil is a premium product and demand is expected to remain strong despite higher prices stemming from lower stocks and smaller- than- anticipated production. In 2017/18 global exports are expected to increase almost 5 percent. Despite limited production growth, the European Union is projected to maintain its exports at a relatively high level, yet below last year. The European Union is likely to lower its consumption of olive oil, replacing it with more sunflowerseed and rapeseed oils. The United States will continue to be the largest importer of olive oil, and the second-largest consumer. Although the European Union is the United States’ largest supplier, lower EU production, may force U.S. imports to be sourced from other countries such as Tunisia and Turkey.

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Olive Oil Prices Remain High with Slight Growth in Prodcution

Production Consumption Spanish Extra Virgin Price

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Tunisia Morocco Argentina Chile Turkey

China’s Population Growth, Economic Prosperity, and Changing Consumption Patterns Drive Soybean Imports Higher

Global soybean consumption in 2017/18 is projected to grow over 4 percent, primarily driven by China. Soybean consumption is forecast to rise nearly 8 percent in China, as imports surge to a record 97.0 million tons. Growing population, rapid urbanization, rising incomes, and improving living standards have spurred China’s meat and fish consumption, creating strong demand for protein feeds and edible oils. Rising feed production, combined with increasing high-protein ingredients in feed rations have been driving soybean imports upward for the last decade. USDA forecasts that soybean crush for feed will continue to grow, supporting the almost 5 percent growth in hog production. However, China is not only the world’s largest livestock and protein feed producer, but also a major player in the vegetable oil market. Supported by strong economic growth over the last decade, the demand for edible oils has also been very robust. Over the same period, China’s

edible oil consumption grew by more than 50 percent. Additionally, continuing urbanization and rising incomes have significantly altered the vegetable oil market as consumers’ preference has been shifting towards premium oils (so-called golden oils). Currently, soybean oil accounts for half of the total edible vegetable oil consumption, while laurics including palm oil, dropped to only 8 percent. As new trends develop and as consumers shift their preferences, there has been a stronger demand for other golden oils as well (rapeseed, peanut, sunflower, and cottonseed), which will replace palm oil in diets.

Historically, the Chinese crush sector has been expanding almost entirely on imported soybeans, with much of the domestic crop used for food consumption (such as tofu) or purchased by the State Reserve Bureau. Since arable land in China is a constraint, the government had made a

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China Soybean Production, Import, and Crush

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Foreign Agricultural Service/USDA November 2017Office of Global Analysis

strategic choice to maintain its near-self-sufficiency in grains (corn, rice, and wheat) at the expense of oilseed crops. As a result, China made a conscious decision to invest in crush facilities and import soybeans, becoming the world’s largest soybean importer in 2003. In 2016/17 (Oct-Sep) China accounted for nearly two-thirds of global soybean imports and continues to underpin the expansion of soybean production in Brazil and the United States.

Currently, the Government of China is encouraging higher oilseeds production by cutting subsidies to grains. Since 2015/16, a lower purchase price for corn was prescribed, which cut corn earnings. Conversely, the government’s “target price-based direct subsidy” for soybeans continued in 2016/17 and soybean farmers were compensated based on the difference between the market price and the target price, which resulted in relatively stable soybean earnings. This year the Chinese government implemented a “market-oriented soybean price plus a direct subsidy to soybean farmers” which continues to ensure that farmers will receive a subsidy for soybean planting during the current marketing year. Meanwhile, the corn support policy has been adjusted which is likely to reduce corn

earnings in 2017/18. However, due to still high prices, corn production remains profitable. It is likely that the government’s support will continue to spur modest growth in soybean area and production. However, these are more likely to be consumed as food rather than feed. As a result, long-term, China seems poised to remain a key market for other soybean producers and exporters, such as the United States. China’s economic prosperity, population growth, and strong demand for meat products and vegetable oils will continue to create opportunities for U.S. soybean growers. In 2017/18, the United States is projected to export a record of 61.0 million tons of soybeans with China being the primary destination. In fact, nearly one-third of U.S.

production is exported to China. For an email subscription, click here to register: https://public.govdelivery.com/accounts/USDAFAS/subscriber/new

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U.S. Soybean Production and Exports

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OVERVIEW 2017/18 Global oilseed production is forecast higher this month at 579 million tons. Soybean crop prospects are higher for Brazil and South Africa, offset by a smaller crop in the United States. The peanut production estimate is raised for India and Senegal. Larger rapeseed production is estimated for the European Union and Russia. Global sunflowerseed production is projected lower as reduced crops in Argentina, South Africa, and Ukraine more than offset gains in the European Union. Global soybean imports are raised this month on a larger forecast for China that offsets reductions for Vietnam and Tunisia. Global exports are up following a larger projection for Brazil and Paraguay. World ending stocks for soybeans are up this month, with larger stocks in China, Brazil, and Argentina outweighing smaller stocks in the United States. The U.S. season-average farm price for soybeans is $0.10 higher this month at $9.30 per bushel. SOYBEAN PRICES U.S. export bids in October, FOB Gulf, averaged $376/ton, down $3 from the previous month. In comparison, FOB Brazil Paranagua averaged $386/ton, up $2 from last month. FOB Argentina Up River averaged $378/ton, down $1 from last month. Harvest pressure has helped push prices lower in the United States. Early season weather issues along with tightening supplies resulted in prices trending slightly higher in Brazil. For the week ending November 2, U.S. 2017/18 soybean export commitments (outstanding sales plus accumulated exports) to China totaled 17.1 million tons compared to 20.8 million a year ago. Total commitments to the world are 31.5 million tons, compared to 37.1 million for the same period last year.

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2017/18 OUTLOOK CHANGES

Country Commodity Attribute Previous Current Change Reason

Algeria Soybean Meal Imports 1,550 1,450 -100 Trade changes are in line with reductions for 2016/17

Brazil Soybean Oilseed Exports 64,000 65,000 1,000 China’s strong demand for protein feed

China

Palm Oil Imports 4,900 4,800 -100 Trade changes are in line with 2016/17

Soybean Oilseed Imports 95,000 97,000 2,000 Following larger soybean crush forecast and domestic vegetable oil availability

Colombia Palm Oil Exports 370 500 130 Trade changes are in line with changes for 2016/17

European Union

Palm Kernel Meal Imports 2,100 2,000 -100 Protein meal imports are lowered in line with reductions for 2016/17 as well as larger- than-expected rapeseed and sunflowerseed production estimate

Soybean Meal Imports 19,500 19,400 -100

Sunflowerseed Meal Imports 3,900 3,800 -100

India Palm Oil Imports 9,400 9,500 100 Growing domestic demand

Peanut Oilseed Exports 800 1,000 200 Larger production estimate

Iran Soybean Meal Imports 1,870 1,750 -120 Trade changes are in line with changes for 2016/17

Japan Palm Kernel Meal Imports 1,050 1,200 150 Trade changes are in line with changes for 2016/17

Mexico Soybean Meal Imports 2,450 2,350 -100 Trade changes are in line with changes for 2016/17

New Zealand Palm Kernel Meal Imports 1,600 1,700 100 Trade changes are in line with changes for 2016/17

Paraguay

Soybean Meal Exports 2,750 2,550 -200 Meal trade lower following reduced supplies on smaller crush

Soybean Oilseed Exports 5,500 6,000 500 Exports raised on larger carryover following lower current year crush

Senegal Peanut Oilseed Exports 250 350 100 Larger production estimate

Tunisia Soybean Oilseed Imports 640 540 -100 Trade changes are in line with reduction for 2016/17

Ukraine

Sunflowerseed Meal Exports 4,700 4,500 -200 Lower production estimate and reduced crush forecast

Sunflowerseed Oil Exports 5,150 5,000 -150

Rapeseed Oilseed Exports 1,700 1,800 100 Stronger pace of trade at the beginning of the marketing year

Vietnam

Peanut Oilseed Imports 380 280 -100

Trade changes are in line with reductions for 2016/17 Soybean Meal Imports 5,500 5,200 -300

Soybean Oilseed Imports 2,300 1,900 -400

Note : All figures are in thousand metric tons.


2016/17 TRADE CHANGES

Country Commodity Attribute Previous Current Change

Algeria Soybean Meal Imports 1,500 1,400 -100

Argentina Soybean Oilseed Exports 6,900 7,020 120

Burma Palm Oil Imports 671 780 109

China

Palm Oil Imports 4,650 4,881 231

Rapeseed Oilseed Imports 4,150 4,260 110

Soybean Oilseed Imports 92,500 93,495 995

Colombia Palm Oil Exports 335 470 135

European Union Palm Kernel Meal Imports 2,150 2,000 -150


India

Palm Oil Imports 9,000 9,150 150

Soybean Meal Exports 1,800 2,000 200

Soybean Oil Imports 3,500 3,400 -100

Indonesia Soybean Oilseed Imports 2,400 2,650 250

Palm Kernel Meal Exports 4,100 4,250 150

Iran Soybean Meal Imports 1,700 1,600 -100

Sunflowerseed Oil Imports 450 550 100

Japan Palm Kernel Meal Imports 1,000 1,109 109

Korea, South Soybean Meal Imports 1,900 1,764 -136

Mexico Soybean Meal Imports 2,200 2,000 -200

New Zealand Palm Kernel Meal Imports 1,550 1,700 150

Pakistan Sunflowerseed Oilseed Imports 150 50 -100

Paraguay Soybean Meal Exports 2,750 2,400 -350

Taiwan Soybean Oilseed Imports 2,450 2,550 100

Tunisia Soybean Oilseed Imports 600 473 -127

Vietnam

Peanut Oilseed Imports 370 200 -170


Soybean Oilseed Imports 1,900 1,700 -200 Note: All changes based on trade data. All figures are in thousand metric tons.


Questions may be directed to:

Bill George (202) 720-6234 [email protected] Agata Kingsbury (202) 260-8910 [email protected] Justin Choe (202) 690-4062 [email protected] Sarah Gilleski (202) 690-3453 [email protected] To download the tables in the publication, go to the Production, Supply and Distribution Database (PSD Online): (https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads), select PSD Reports, and then on the left click Oilseeds. The Foreign Agricultural Service (FAS) updates its production, supply and distribution (PSD) database for cotton, oilseeds, and grains at 12:00 p.m. on the day the World Agricultural Supply and Demand Estimates (WASDE) report is released. This circular is released by 12:15 p.m. FAS Reports and Databases: Current World Markets and Trade and World Agricultural Production Reports:

https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads Archives World Markets and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7 Production, Supply and Distribution Database (PSD Online):

https://apps.fas.usda.gov/psdonline/app/index.html#/app/home Global Agricultural Trade System (U.S. Exports and Imports):

http://apps.fas.usda.gov/gats/default.aspx Export Sales Report:

http://apps.fas.usda.gov/esrquery/ Global Agricultural Information Network (Agricultural Attaché Reports):

http://gain.fas.usda.gov/Pages/Default.aspx

Other USDA Reports: World Agricultural Supply and Demand Estimates (WASDE):

http://www.usda.gov/oce/commodity/wasde/ Economic Research Service:

http://www.ers.usda.gov/topics/crops National Agricultural Statistics Service:

http://www.nass.usda.gov/Publications/


mailto:[email protected]




https://apps.fas.usda.gov/psdonline/app/index.html#/app/downloads

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7

https://apps.fas.usda.gov/psdonline/app/index.html#/app/home

http://apps.fas.usda.gov/gats/default.aspx

http://apps.fas.usda.gov/esrquery/

http://gain.fas.usda.gov/Pages/Default.aspx

http://www.usda.gov/oce/commodity/wasde/

http://www.ers.usda.gov/topics/crops

http://www.nass.usda.gov/Publications/

List of Tables SUMMARY TABLES Table 01 Major Oilseeds: World Supply and Distribution (Commodity View) Table 02 Major Protein Meals: World Supply and Distribution (Commodity View) Table 03 Major Vegetable Oils: World Supply and Distribution (Commodity View) Table 04 Major Oilseeds: World Supply and Distribution (Country View) Table 05 Major Protein Meals: World Supply and Distribution (Country View) Table 06 Major Vegetable Oils: World Supply and Distribution (Country View) COMMODITY TABLES Table 07 Soybeans: World Supply and Distribution Table 08 Soybean Meal: World Supply and Distribution Table 09 Soybean Oil: World Supply and Distribution Table 10 Soybeans and Products: World Trade Table 11 Palm Oil: World Supply and Distribution Table 12 Rapeseed and Products: World Supply and Distribution Table 13 Sunflowerseed and Products: World Supply and Distribution Table 14 Minor Vegetable Oils: World Supply and Distribution HISTORICAL TABLES Table 15 World Oilseeds and Products Supply and Distribution Table 16 World Soybeans and Products Supply and Distribution Table 17 World Rapeseed and Products Supply and Distribution Table 18 World Sunflowerseed and Products Supply and Distribution Table 19 World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution COUNTRY TABLES Table 20 United States Oilseeds and Products Supply and Distribution Local Marketing Years Table 21 United States Soybeans and Products Supply and Distribution Local Marketing Years Table 22 Brazil Soybeans and Products Supply and Distribution Local Marketing Years Table 23 Argentina Soybeans and Products Supply and Distribution Local Marketing Years Table 24 South East Asia Oilseeds and Products Supply and Distribution Table 25 Middle East Oilseeds and Products Supply and Distribution Table 26 European Union Oilseeds and Products Supply and Distribution Table 27 China Oilseeds and Products Supply and Distribution Table 28 India Oilseeds and Products Supply and Distribution PRICES Table 29 Oilseed Prices Table 30 Protein Meal Prices Table 31 Vegetable Oil Prices


Table 01: Major Oilseeds: World Supply and Distribution (Commodity View)

Million Metric Tons

2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

none

Production none

5.42 Oilseed, Copra 5.42 5.32 5.41 5.54 5.54

45.04 Oilseed, Cottonseed 44.43 35.78 38.98 44.30 44.53

15.93 Oilseed, Palm Kernel 16.56 15.96 16.80 18.04 18.04

41.87 Oilseed, Peanut 40.46 40.42 42.63 43.00 44.04

71.68 Oilseed, Rapeseed 71.45 69.96 70.27 71.88 72.06

282.75 Oilseed, Soybean 320.01 313.71 351.25 347.88 348.89

41.54 Oilseed, Sunflowerseed 39.25 40.30 47.60 46.35 45.72

504.22 Total 537.58 521.45 572.95 576.99 578.82

none

Imports none

0.09 Oilseed, Copra 0.10 0.13 0.14 0.08 0.08



2.37 Oilseed, Peanut 2.53 3.30 3.03 3.22 3.21


113.07 Oilseed, Soybean 124.36 133.33 144.61 148.64 150.12


133.54 Total 143.61 153.87 167.30 170.98 172.36

none

Exports none

0.11 Oilseed, Copra 0.11 0.11 0.13 0.10 0.10



2.90 Oilseed, Peanut 3.30 3.52 3.80 3.74 4.05


112.78 Oilseed, Soybean 126.13 132.46 147.66 150.97 152.43


133.82 Total 147.06 153.20 171.03 173.91 175.81

none

Crush none

5.40 Oilseed, Copra 5.38 5.32 5.38 5.48 5.48



17.70 Oilseed, Peanut 16.77 16.82 18.10 18.14 18.32


242.63 Oilseed, Soybean 264.82 275.17 288.53 301.25 301.98


419.65 Total 440.45 446.12 469.41 488.09 489.15

none

Ending Stocks none

0.12 Oilseed, Copra 0.10 0.08 0.09 0.09 0.09



3.70 Oilseed, Peanut 3.27 2.55 2.01 2.37 2.18


62.20 Oilseed, Soybean 77.64 78.13 96.28 96.05 97.90


78.59 Total 93.27 90.98 108.54 107.90 109.32

Totals may not add due to rounding


Table 02: Major Protein Meals: World Supply and Distribution (Commodity View)

Million Metric Tons

2013/14 2014/15 2015/16 2016/17

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2017/18

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Production none

1.80 Meal, Copra 1.80 1.76 1.79 1.83 1.83

15.71 Meal, Cottonseed 15.55 13.08 13.46 15.21 15.31

4.45 Meal, Fish 4.69 4.51 4.90 4.58 4.59

8.29 Meal, Palm Kernel 8.60 8.31 8.69 9.20 9.20

7.06 Meal, Peanut 6.66 6.67 7.21 7.22 7.30

38.78 Meal, Rapeseed 39.09 39.39 39.55 40.42 40.51

190.29 Meal, Soybean 208.55 216.01 226.42 236.62 237.12

16.85 Meal, Sunflowerseed 16.13 16.50 19.27 19.18 19.02

283.22 Total 301.07 306.24 321.28 334.26 334.89

none

Imports none

0.70 Meal, Copra 0.67 0.56 0.49 0.56 0.46

0.36 Meal, Cottonseed 0.26 0.21 0.26 0.26 0.26

2.74 Meal, Fish 2.50 2.47 2.79 2.46 2.46

6.51 Meal, Palm Kernel 6.82 6.45 6.94 6.74 6.96

0.10 Meal, Peanut 0.02 0.03 0.15 0.12 0.12

6.46 Meal, Rapeseed 5.99 5.70 5.95 6.22 6.15

57.94 Meal, Soybean 60.66 61.89 60.71 64.76 64.03


80.56 Total 82.45 83.26 84.36 88.20 87.44

none

Exports none

0.72 Meal, Copra 0.73 0.58 0.56 0.65 0.65

0.38 Meal, Cottonseed 0.32 0.25 0.34 0.33 0.33

2.47 Meal, Fish 2.28 2.21 2.47 2.16 2.22

6.38 Meal, Palm Kernel 6.46 6.38 6.70 6.90 6.90

0.13 Meal, Peanut 0.06 0.06 0.20 0.17 0.17

6.35 Meal, Rapeseed 6.07 5.69 6.03 6.23 6.16

60.72 Meal, Soybean 64.36 65.31 64.98 67.41 67.23


83.37 Total 86.15 86.70 88.60 91.24 90.86

none

Domestic Consumption none

1.78 Meal, Copra 1.71 1.70 1.64 1.76 1.65

15.68 Meal, Cottonseed 15.49 13.19 13.37 15.09 15.18

4.94 Meal, Fish 4.87 4.75 5.22 4.90 4.84

8.18 Meal, Palm Kernel 8.93 8.45 9.05 8.92 9.14

7.02 Meal, Peanut 6.63 6.61 7.18 7.17 7.25

38.92 Meal, Rapeseed 39.08 39.40 39.47 40.48 40.58

186.68 Meal, Soybean 201.92 213.59 222.44 234.44 234.19


279.14 Total 294.30 303.99 317.38 331.81 331.91

none

Ending Stocks none

0.11 Meal, Copra 0.14 0.18 0.25 0.24 0.24

0.22 Meal, Cottonseed 0.22 0.07 0.08 0.14 0.14

0.23 Meal, Fish 0.26 0.27 0.27 0.27 0.27

0.61 Meal, Palm Kernel 0.65 0.59 0.47 0.56 0.59

0.03 Meal, Peanut 0.03 0.05 0.03 0.03 0.03

0.95 Meal, Rapeseed 0.88 0.88 0.88 0.81 0.81

10.60 Meal, Soybean 13.53 12.53 12.25 12.42 11.98


14.01 Total 17.09 15.90 15.56 15.55 15.12



Table 03: Major Vegetable Oils: World Supply and Distribution (Commodity View)

Million Metric Tons

2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

none

Production none

3.38 Oil, Coconut 3.37 3.32 3.38 3.44 3.44

5.16 Oil, Cottonseed 5.12 4.29 4.40 4.99 5.03

3.20 Oil, Olive 2.40 3.12 2.49 3.00 2.70

59.30 Oil, Palm 61.81 58.83 62.29 66.87 66.87

7.07 Oil, Palm Kernel 7.31 7.01 7.39 7.80 7.80

5.72 Oil, Peanut 5.43 5.44 5.87 5.87 5.93

27.27 Oil, Rapeseed 27.61 27.86 28.05 28.63 28.69

45.19 Oil, Soybean 49.29 51.54 53.95 56.16 56.29

15.45 Oil, Sunflowerseed 14.92 15.38 18.17 17.96 17.76

171.75 Total 177.27 176.78 185.99 194.70 194.49

none

Imports none

1.74 Oil, Coconut 1.82 1.58 1.54 1.62 1.56

0.08 Oil, Cottonseed 0.07 0.05 0.05 0.05 0.05

0.73 Oil, Olive 0.89 0.77 0.77 0.78 0.81

41.94 Oil, Palm 44.84 42.57 44.51 45.47 45.50

2.50 Oil, Palm Kernel 3.06 2.63 2.64 2.53 2.62

0.19 Oil, Peanut 0.25 0.24 0.22 0.23 0.24

3.83 Oil, Rapeseed 3.96 4.17 4.37 4.53 4.53

9.25 Oil, Soybean 10.04 11.63 10.86 11.45 11.48


67.24 Total 71.12 70.65 73.54 74.83 74.88

none

Exports none

1.91 Oil, Coconut 1.94 1.56 1.86 1.72 1.71

0.14 Oil, Cottonseed 0.14 0.06 0.07 0.11 0.11

0.84 Oil, Olive 0.99 0.90 0.88 0.92 0.92

43.19 Oil, Palm 47.37 43.73 46.86 47.88 47.99

2.88 Oil, Palm Kernel 3.23 3.02 2.97 3.06 3.11

0.22 Oil, Peanut 0.26 0.25 0.24 0.26 0.26

3.83 Oil, Rapeseed 4.07 4.14 4.49 4.53 4.49

9.44 Oil, Soybean 11.09 11.68 11.40 11.85 11.75


70.24 Total 76.47 73.44 78.98 79.67 79.55

none


3.34 Oil, Coconut 3.29 3.26 3.17 3.27 3.22

5.09 Oil, Cottonseed 5.06 4.40 4.38 4.90 4.93

2.97 Oil, Olive 2.64 2.81 2.63 2.83 2.64

57.52 Oil, Palm 58.69 59.28 59.97 62.61 62.92

6.58 Oil, Palm Kernel 7.22 6.81 7.02 7.14 7.21

5.68 Oil, Peanut 5.51 5.44 5.77 5.84 5.99

26.17 Oil, Rapeseed 27.29 28.18 29.22 29.26 29.35

45.27 Oil, Soybean 47.83 52.15 53.62 55.79 55.99


166.75 Total 171.64 177.50 182.28 188.45 189.03

none

Ending Stocks none

0.33 Oil, Coconut 0.29 0.37 0.27 0.38 0.34

0.23 Oil, Cottonseed 0.22 0.10 0.11 0.15 0.15

0.65 Oil, Olive 0.31 0.49 0.25 0.26 0.20

9.57 Oil, Palm 10.15 8.55 8.53 10.21 9.98

0.93 Oil, Palm Kernel 0.85 0.66 0.70 0.72 0.79

0.24 Oil, Peanut 0.15 0.14 0.22 0.25 0.15

5.52 Oil, Rapeseed 5.74 5.44 4.16 3.69 3.54

3.81 Oil, Soybean 4.22 3.57 3.35 3.51 3.38


24.07 Total 24.34 20.82 19.09 20.59 19.89



Table 04: Major Oilseeds: World Supply and Distribution (Country View)

Million Metric Tons

2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

Production none

99.02 United States 116.03 115.88 126.94 132.27 132.14

90.01 Brazil 100.16 99.01 117.04 110.26 111.26

57.03 Argentina 66.26 60.80 62.69 62.61 62.41

58.64 China 57.66 54.45 55.00 57.25 57.45

36.86 India 32.28 29.37 37.76 36.46 37.46

162.66 Other 165.19 161.93 173.52 178.14 178.10

504.22 Total 537.58 521.45 572.95 576.99 578.82

Imports none

75.58 China 83.15 87.93 98.42 99.95 101.95

18.01 European Union 17.35 20.14 19.50 19.70 19.73

5.58 Mexico 5.73 5.92 6.28 6.45 6.44

5.49 Japan 5.70 5.78 5.79 6.00 6.00

1.89 Thailand 2.51 2.91 3.18 3.25 3.25

1.15 Pakistan 1.68 2.63 2.79 3.27 3.22

2.55 Indonesia 2.25 2.52 2.95 2.95 2.95

2.40 Turkey 3.12 2.98 3.01 2.93 2.93

1.76 Egypt 2.01 1.37 2.37 2.87 2.87

0.40 Iran 1.38 2.04 2.28 2.51 2.49

18.74 Other 18.72 19.65 20.74 21.12 20.55

133.54 Total 143.61 153.87 167.30 170.98 172.36

Exports none

46.99 Brazil 50.85 54.65 63.32 64.25 65.25

45.57 United States 51.12 53.96 60.28 62.43 62.45

12.69 Canada 13.01 14.55 15.72 16.83 16.83

8.59 Argentina 11.56 11.21 7.97 9.17 9.17

4.92 Paraguay 4.54 5.32 6.61 5.52 6.01

3.57 Ukraine 4.43 3.89 4.13 4.35 4.40

3.07 Australia 2.92 2.23 3.56 2.91 2.91

8.42 Other 8.64 7.40 9.44 8.45 8.79

133.82 Total 147.06 153.20 171.03 173.91 175.81

Crush none

107.63 China 112.09 117.70 122.87 130.55 132.00

51.46 United States 55.11 55.06 56.24 57.73 57.69

38.79 Argentina 43.39 46.37 46.83 48.72 48.72

44.97 European Union 47.84 46.74 47.28 47.38 47.67

39.71 Brazil 42.94 41.84 43.48 44.74 44.74

28.91 India 25.15 22.90 27.78 28.21 28.71

13.15 Russia 12.98 13.59 15.45 16.50 16.50

12.16 Ukraine 11.45 12.93 15.60 14.75 14.20

8.50 Canada 9.15 10.32 11.14 11.35 11.35

9.64 Indonesia 10.25 10.02 10.51 10.81 11.01

6.08 Mexico 6.41 6.49 6.95 7.22 7.22

5.11 Pakistan 5.96 5.58 5.88 6.80 6.75

5.53 Malaysia 5.55 5.20 5.37 5.99 5.99

4.40 Japan 4.66 4.73 4.86 4.83 4.83

3.41 Turkey 4.28 3.65 3.99 4.35 4.35

40.20 Other 43.25 43.01 45.20 48.17 47.42

419.65 Total 440.45 446.12 469.41 488.09 489.15

Ending Stocks none

26.61 Argentina 33.38 32.63 37.44 38.30 38.47

16.00 Brazil 19.07 18.32 24.94 22.13 22.43

14.98 China 18.60 18.42 22.35 20.87 21.88

3.95 United States 6.76 6.87 9.62 13.52 13.34

4.22 European Union 3.86 4.20 2.77 2.76 3.01

12.83 Other 11.60 10.54 11.44 10.31 10.19

78.59 Total 93.27 90.98 108.54 107.90 109.32

Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.


Table 05: Major Protein Meals: World Supply and Distribution (Country View)

Million Metric Tons

2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

Production none

74.75 China 78.57 83.49 87.82 93.40 94.42

39.29 United States 43.21 42.78 43.08 44.51 44.49

29.10 Argentina 32.29 34.51 34.77 36.07 36.07

29.88 Brazil 32.48 31.74 32.90 33.80 33.80

28.72 European Union 30.63 30.16 30.35 30.42 30.59

81.48 Other 83.89 83.56 92.36 96.06 95.52

283.22 Total 301.07 306.24 321.28 334.26 334.89

Imports none

24.62 European Union 25.82 25.41 25.06 26.11 25.81

3.94 Vietnam 4.97 5.71 5.52 6.21 5.87

4.21 Indonesia 3.98 4.30 4.36 4.55 4.55

3.80 United States 3.87 4.08 3.92 4.03 4.03

3.68 Korea, South 3.42 3.39 3.06 3.48 3.40

3.14 Thailand 3.65 2.98 3.32 3.34 3.34

2.52 Japan 2.31 2.60 2.92 3.08 3.23

34.65 Other 34.41 34.79 36.21 37.41 37.22

80.56 Total 82.45 83.26 84.36 88.20 87.44

Exports none

25.38 Argentina 29.19 31.08 32.35 31.98 31.98

13.95 Brazil 14.29 15.41 13.76 15.25 15.25

10.80 United States 12.14 11.18 10.83 11.41 11.41

3.81 Ukraine 3.74 4.35 5.19 5.37 5.10

3.67 Canada 3.86 4.44 4.97 4.89 4.89

3.93 Indonesia 4.28 4.12 4.49 4.50 4.50

2.55 Malaysia 2.43 2.47 2.43 2.62 2.62

19.27 Other 16.22 13.65 14.58 15.23 15.11

83.37 Total 86.15 86.70 88.60 91.24 90.86


74.78 China 78.73 83.27 89.65 94.14 95.17

51.97 European Union 54.44 54.70 54.75 55.28 55.21

32.31 United States 34.94 35.69 36.04 37.13 37.19

16.43 Brazil 16.88 17.26 18.08 18.80 18.78

12.19 India 12.17 13.05 14.10 15.18 15.27

5.83 Mexico 6.37 7.03 7.21 7.68 7.56

5.24 Vietnam 5.85 6.52 6.82 7.98 7.27

4.94 Russia 5.41 5.91 6.46 7.01 7.00

5.45 Japan 5.54 5.86 6.27 6.41 6.56

5.26 Thailand 5.32 5.36 5.42 5.47 5.50

64.75 Other 68.65 69.34 72.58 76.72 76.41

279.14 Total 294.30 303.99 317.38 331.81 331.91

SME none

71.37 China 75.44 80.18 86.79 91.10 92.07

46.40 European Union 48.68 49.13 49.22 49.71 49.68

30.99 United States 33.61 34.35 34.69 35.70 35.76

16.18 Brazil 16.66 17.07 17.86 18.55 18.53

10.80 India 10.83 11.43 12.47 13.35 13.45

5.49 Mexico 6.02 6.69 6.82 7.28 7.16

5.09 Vietnam 5.68 6.35 6.65 7.85 7.10

74.55 Other 78.59 80.57 84.38 89.02 88.75

260.87 Total 275.51 285.77 298.87 312.56 312.51

Ending Stocks none

2.49 Brazil 3.82 2.92 4.01 4.07 3.81

4.22 Argentina 4.18 4.26 3.09 3.80 3.36

0.71 India 0.70 0.36 0.89 0.72 0.66

0.70 Indonesia 0.50 0.55 0.46 0.57 0.64

0.74 European Union 1.46 1.14 0.47 0.48 0.51

5.16 Other 6.43 6.66 6.64 5.90 6.15

14.01 Total 17.09 15.90 15.56 15.55 15.12

Major Protein Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.


Table 06: Major Vegetable Oils: World Supply and Distribution (Country View)

Million Metric Tons

2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

Production none

35.02 Indonesia 37.78 36.68 38.92 41.01 41.01

24.31 China 25.04 26.28 26.86 28.40 28.70

22.59 Malaysia 22.27 19.85 21.13 23.53 23.53

18.24 European Union 18.08 18.41 18.20 18.57 18.38

10.43 United States 10.94 11.21 11.44 11.67 11.65

7.84 Argentina 8.98 9.69 9.87 10.22 10.22

8.00 Brazil 8.65 8.45 8.73 8.97 8.97

45.33 Other 45.54 46.22 50.85 52.32 52.02

171.75 Total 177.27 176.78 185.99 194.70 194.49

Imports none

11.50 India 14.14 15.11 14.99 15.70 15.82

9.98 European Union 9.88 9.98 9.92 9.88 9.87

9.10 China 8.63 7.77 8.00 7.85 7.71

4.02 United States 4.23 4.53 4.73 4.87 4.86

2.84 Pakistan 2.98 2.91 3.20 3.28 3.28

1.68 Bangladesh 1.79 2.15 2.15 2.35 2.35

2.08 Egypt 2.25 2.04 2.17 2.17 2.17

1.46 Turkey 1.53 1.41 1.52 1.50 1.50

0.85 Malaysia 1.68 1.34 1.19 1.26 1.26

1.60 Iran 1.14 0.99 1.36 1.16 1.18

22.12 Other 22.88 22.40 24.32 24.81 24.88

67.24 Total 71.12 70.65 73.54 74.83 74.88

Exports none

23.94 Indonesia 28.51 25.19 28.35 28.47 28.52

18.75 Malaysia 18.84 17.84 17.52 18.58 18.58

4.55 Argentina 5.72 6.41 6.17 6.59 6.59

4.36 Ukraine 4.12 4.81 6.10 5.46 5.27

2.45 Canada 2.54 2.93 3.33 3.30 3.30

2.46 Russia 2.23 2.23 2.95 3.01 3.02

2.31 European Union 2.48 2.48 2.40 2.22 2.20

11.43 Other 12.03 11.55 12.16 12.05 12.07

70.24 Total 76.47 73.44 78.98 79.67 79.55


32.77 China 33.61 34.68 35.74 36.66 36.75

25.20 European Union 25.88 26.16 26.01 26.09 26.07

18.66 India 20.05 21.05 22.09 22.58 23.09

13.50 United States 13.68 14.57 14.73 15.42 15.43

11.05 Indonesia 9.90 11.40 11.13 11.71 11.71

7.00 Brazil 7.52 7.48 7.86 8.03 8.04

4.36 Malaysia 4.56 4.53 4.33 5.28 5.28

3.77 Pakistan 4.15 4.26 4.43 4.65 4.67

3.16 Russia 3.24 3.35 3.46 3.60 3.58

3.53 Argentina 3.11 3.56 3.62 3.57 3.57

2.41 Mexico 2.61 2.64 2.86 2.94 2.93

2.32 Thailand 2.49 2.44 2.56 2.82 2.82

1.90 Bangladesh 2.08 2.37 2.49 2.80 2.80

2.40 Egypt 2.49 2.51 2.56 2.65 2.65

2.33 Japan 2.36 2.36 2.42 2.47 2.45

32.39 Other 33.94 34.15 36.01 37.18 37.21

166.75 Total 171.64 177.50 182.28 188.45 189.03

Ending Stocks none

3.61 Indonesia 3.02 3.16 2.62 3.40 3.44

2.45 Malaysia 3.00 1.83 2.29 3.22 3.22

5.33 China 5.25 4.50 3.48 2.92 3.01

1.70 India 1.81 1.62 1.44 1.68 1.26

2.11 European Union 1.71 1.46 1.16 1.36 1.15

8.87 Other 9.55 8.26 8.09 8.00 7.81

24.07 Total 24.34 20.82 19.09 20.59 19.89

Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.


Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

Production none

91,389 United States 106,878 106,857 116,920 120,582 120,436

86,700 Brazil 97,200 96,500 114,100 107,000 108,000

53,400 Argentina 61,400 56,800 57,800 57,000 57,000

11,951 China 12,154 11,785 12,900 14,200 14,200

9,477 India 8,711 6,929 11,500 10,000 10,000

8,190 Paraguay 8,154 9,217 10,665 9,400 9,400

5,359 Canada 6,049 6,371 6,463 8,200 8,200

16,285 Other 19,467 19,250 20,906 21,502 21,652

282,751 Total 320,013 313,709 351,254 347,884 348,888

Imports none

70,364 China 78,350 83,230 93,495 95,000 97,000

13,293 European Union 13,914 15,120 13,200 14,000 14,000

3,842 Mexico 3,819 4,126 4,126 4,300 4,300

2,894 Japan 3,004 3,186 3,175 3,300 3,300

1,798 Thailand 2,411 2,798 3,077 3,150 3,150

1,694 Egypt 1,947 1,300 2,300 2,800 2,800

2,241 Indonesia 2,006 2,274 2,650 2,600 2,600

2,335 Taiwan 2,520 2,476 2,550 2,400 2,400

301 Iran 1,311 1,864 2,050 2,300 2,250

1,608 Turkey 2,197 2,283 2,271 2,250 2,250

12,697 Other 12,883 14,670 15,712 16,539 16,072

113,067 Total 124,362 133,327 144,606 148,639 150,122

Exports none

46,829 Brazil 50,612 54,383 63,137 64,000 65,000

44,594 United States 50,143 52,860 59,157 61,235 61,235

7,842 Argentina 10,575 9,921 7,020 8,000 8,000

4,900 Paraguay 4,488 5,310 6,600 5,500 6,000

3,469 Canada 3,763 4,236 4,591 5,800 5,800

5,143 Other 6,548 5,753 7,155 6,438 6,398

112,777 Total 126,129 132,463 147,660 150,973 152,433

Crush none

68,850 China 74,500 81,500 88,000 94,000 95,000

47,192 United States 50,975 51,335 51,681 52,798 52,798

36,173 Argentina 40,235 43,267 43,246 44,840 44,840

36,861 Brazil 40,435 39,747 41,000 42,000 42,000

13,100 European Union 14,450 14,950 14,400 14,500 14,500

8,700 India 7,700 5,700 9,200 8,700 9,000

3,400 Russia 3,650 4,050 4,300 4,800 4,800

4,030 Mexico 4,175 4,400 4,600 4,720 4,720

3,350 Paraguay 3,650 3,600 3,650 3,950 3,700

1,680 Egypt 1,950 1,200 2,300 2,800 2,800

2,250 Bolivia 2,500 2,350 2,050 2,500 2,500

450 Iran 1,450 2,100 2,230 2,490 2,450

1,969 Japan 2,150 2,283 2,392 2,350 2,350

1,525 Canada 1,787 2,000 2,000 2,200 2,200

11 Pakistan 500 1,250 1,680 2,000 2,000

13,093 Other 14,713 15,433 15,800 16,599 16,317

242,634 Total 264,820 275,165 288,529 301,247 301,975

Ending Stocks none

25,271 Argentina 31,700 31,700 36,500 37,130 37,550

15,820 Brazil 18,925 18,200 24,763 21,963 22,263

13,848 China 17,009 16,910 20,391 19,640 20,641

2,504 United States 5,188 5,354 8,201 11,716 11,572

1,253 European Union 843 1,559 898 832 1,028

3,506 Other 3,978 4,408 5,524 4,764 4,843

62,202 Total 77,643 78,131 96,277 96,045 97,897

Most countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a

September/August MY. Canada is on an August/July MY. Paraguay is on a March/February MY.


Table 08: Soybean Meal: World Supply and Distribution


2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

Production none

54,531 China 59,004 64,548 69,696 74,448 75,240

36,909 United States 40,880 40,525 40,581 41,821 41,821

27,892 Argentina 30,928 33,211 33,267 34,420 34,420

28,540 Brazil 31,300 30,750 31,730 32,500 32,500

10,349 European Union 11,416 11,811 11,376 11,455 11,455

6,960 India 6,160 4,560 7,360 6,960 7,020

2,679 Russia 2,876 3,191 3,388 3,782 3,782

22,430 Other 25,989 27,409 29,025 31,236 30,883

190,290 Total 208,553 216,005 226,423 236,622 237,121

Imports none

18,137 European Union 19,623 19,214 18,900 19,500 19,400

3,344 Vietnam 4,311 5,094 4,900 5,500 5,200

3,983 Indonesia 3,844 4,203 4,250 4,450 4,450

2,665 Thailand 3,068 2,433 2,781 2,800 2,800

2,335 Philippines 2,204 2,617 2,450 2,750 2,750

1,410 Mexico 1,795 2,367 2,000 2,450 2,350

1,825 Korea, South 1,751 2,118 1,764 2,000 2,000

1,976 Japan 1,699 1,721 1,621 1,850 1,850

2,683 Iran 1,948 1,420 1,600 1,870 1,750

1,397 Malaysia 1,465 1,291 1,500 1,520 1,530

18,189 Other 18,956 19,413 18,948 20,073 19,952

57,944 Total 60,664 61,891 60,714 64,763 64,032

Exports none

24,972 Argentina 28,575 30,325 31,600 31,200 31,200

13,948 Brazil 14,290 15,407 13,762 15,250 15,250

10,504 United States 11,891 10,844 10,524 11,068 11,068

2,504 Paraguay 2,530 2,450 2,400 2,750 2,550

3,252 India 1,521 409 2,000 1,700 1,700

5,536 Other 5,556 5,875 4,689 5,445 5,465

60,716 Total 64,363 65,310 64,975 67,413 67,233


52,534 China 57,467 62,663 68,646 73,078 73,870

26,775 United States 29,282 30,044 30,250 31,025 31,116

28,142 European Union 30,242 30,942 30,242 30,642 30,542

15,100 Brazil 15,700 16,270 16,913 17,500 17,480

4,200 Vietnam 4,750 5,520 5,790 6,800 6,210

4,575 Mexico 5,050 5,750 5,750 6,170 6,050

3,640 India 4,500 4,630 5,000 5,450 5,450

3,825 Indonesia 4,100 4,178 4,250 4,350 4,350

4,150 Thailand 4,100 4,230 4,231 4,300 4,300

2,800 Iran 3,030 3,250 3,400 3,850 3,700

3,434 Japan 3,361 3,453 3,423 3,620 3,620

2,700 Russia 2,850 3,150 3,100 3,580 3,580

2,450 Egypt 2,650 2,950 3,130 3,400 3,400

2,100 Argentina 2,402 2,680 2,851 3,055 3,055

2,200 Philippines 2,350 2,550 2,700 2,850 2,850

28,054 Other 30,089 31,332 32,768 34,769 34,616

186,679 Total 201,923 213,592 222,444 234,439 234,189

Ending Stocks none

2,484 Brazil 3,812 2,910 4,000 4,063 3,800

4,073 Argentina 4,025 4,231 3,047 3,665 3,212

107 Vietnam 270 500 396 277 367

407 India 553 119 486 413 363

481 Indonesia 225 250 250 350 350

3,051 Other 4,649 4,518 4,067 3,653 3,885

10,603 Total 13,534 12,528 12,246 12,421 11,977

Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY.

Canada is on an August/July MY. Paraguay is on a March/February MY. Vietnam and the Philippines are on a January/December

MY and Bolivia is on a March/February MY.


Table 09: Soybean Oil: World Supply and Distribution


2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

Production none

12,335 China 13,347 14,605 15,770 16,845 17,024

9,131 United States 9,706 9,956 10,024 10,208 10,208

6,785 Argentina 7,687 8,433 8,394 8,630 8,630

7,070 Brazil 7,760 7,630 7,870 8,060 8,060

2,489 European Union 2,746 2,841 2,736 2,755 2,755

1,566 India 1,386 1,025 1,655 1,564 1,620

609 Russia 654 726 771 860 860

5,205 Other 6,005 6,327 6,729 7,233 7,129

45,190 Total 49,291 51,543 53,949 56,155 56,286

Imports none

1,804 India 2,815 4,269 3,400 4,100 4,100

442 Bangladesh 508 639 834 750 750

629 Algeria 631 732 715 740 740

1,353 China 773 586 711 500 500

444 Morocco 432 465 490 485 495

355 Peru 395 382 400 420 420

288 Colombia 304 372 375 385 385

230 Egypt 480 674 270 370 370

551 Iran 421 299 265 300 315

201 Mexico 253 282 255 300 300

2,957 Other 3,026 2,933 3,142 3,098 3,108

9,254 Total 10,038 11,633 10,857 11,448 11,483

Exports none

4,087 Argentina 5,094 5,697 5,450 5,850 5,850

1,378 Brazil 1,510 1,550 1,241 1,450 1,450

852 United States 914 1,017 1,160 953 953

766 European Union 1,010 915 850 850 820

650 Paraguay 690 686 650 735 670

332 Russia 423 431 529 520 530

371 Bolivia 389 385 320 380 380

1,007 Other 1,059 1,003 1,201 1,109 1,099

9,443 Total 11,089 11,684 11,401 11,847 11,752


13,650 China 14,200 15,350 16,350 17,200 17,400

8,576 United States 8,600 9,145 8,998 9,434 9,434

5,705 Brazil 6,265 6,290 6,590 6,700 6,700

3,300 India 4,100 5,300 5,300 5,550 5,600

2,844 Argentina 2,401 2,831 2,870 2,795 2,795

1,990 European Union 2,040 2,285 2,205 2,155 2,155

890 Mexico 1,001 1,020 1,130 1,160 1,150

551 Bangladesh 668 785 1,005 1,000 1,000

462 Egypt 762 950 650 830 830

590 Algeria 640 700 720 760 750

600 Iran 660 720 710 760 740

107 Pakistan 242 415 470 520 520

440 Morocco 445 460 490 490 500

340 Colombia 380 440 460 480 480

410 Japan 421 451 470 460 460

4,813 Other 5,005 5,007 5,204 5,492 5,473

45,268 Total 47,830 52,149 53,622 55,786 55,987

Ending Stocks none

529 United States 841 765 776 697 733

965 China 778 523 536 573 560

420 India 521 512 267 426 387

151 Argentina 365 270 344 435 329

386 Brazil 382 237 336 367 306

1,363 Other 1,337 1,260 1,091 1,012 1,065

3,814 Total 4,224 3,567 3,350 3,510 3,380

Most countries are on an October/September Marketing Year (MY). Mexico is on a September/August MY. Peru is on an

January/December MY and Paraguay and Bolivia are on a March/February MY.


Table 10: Soybeans and Products: World Trade


Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2017/182016/172015/162017/182016/172015/162017/182016/172015/16

Exports

North America 11,192 10,829 11,412 1,171 1,357 1,127 57,096 63,748 67,035

Canada (Aug-Jul) 334 292 330 151 173 170 4,236 4,591 5,800

United States (Sep-Aug) 10,844 10,524 11,068 1,017 1,160 953 52,860 59,157 61,235

South America 49,853 49,183 50,711 8,319 7,664 8,354 71,883 79,685 81,805

Argentina (Oct-Sep) 30,325 31,600 31,200 5,697 5,450 5,850 9,921 7,020 8,000

Brazil (Oct-Sep) 15,407 13,762 15,250 1,550 1,241 1,450 54,383 63,137 65,000

Paraguay (Mar-Feb) 2,450 2,400 2,550 686 650 670 5,310 6,600 6,000

South Asia 417 2,008 1,706 3 0 0 134 270 180

India (Oct-Sep) 409 2,000 1,700 3 0 0 134 270 180

Other 3,848 2,955 3,404 2,191 2,380 2,271 3,350 3,957 3,413

World Total 65,310 64,975 67,233 11,684 11,401 11,752 132,463 147,660 152,433

Imports

European Union (Oct-Sep) 19,214 18,900 19,400 325 285 250 15,120 13,200 14,000

East Asia 3,912 3,501 3,957 952 1,135 902 90,145 100,509 103,980

China (Oct-Sep) 24 61 30 586 711 500 83,230 93,495 97,000

Japan (Oct-Sep) 1,721 1,621 1,850 7 5 5 3,186 3,175 3,300

Korea, South (Oct-Sep) 2,118 1,764 2,000 250 306 285 1,249 1,286 1,275

Taiwan (Oct-Sep) 33 32 45 0 0 0 2,476 2,550 2,400

Southeast Asia 15,660 15,903 16,754 289 293 290 7,854 8,377 8,670

Indonesia (Oct-Sep) 4,203 4,250 4,450 24 22 22 2,274 2,650 2,600

Malaysia (Oct-Sep) 1,291 1,500 1,530 120 125 120 885 750 850

Philippines (Jan-Dec) 2,617 2,450 2,750 43 45 45 275 180 150

Thailand (Sep-Aug) 2,433 2,781 2,800 4 8 8 2,798 3,077 3,150

Vietnam (Jan-Dec) 5,094 4,900 5,200 76 70 70 1,602 1,700 1,900

North America 3,522 3,138 3,392 430 421 456 5,053 5,217 5,360

Canada (Aug-Jul) 789 821 770 18 21 20 286 486 380

Mexico (Sep-Aug) 2,367 2,000 2,350 282 255 300 4,126 4,126 4,300

South America 4,842 4,977 5,302 1,223 1,333 1,377 2,163 3,045 2,892

Brazil (Oct-Sep) 25 35 30 65 60 60 410 252 200

Colombia (Oct-Sep) 1,206 1,315 1,375 372 375 385 544 550 600

Central America 1,173 1,188 1,255 151 158 163 335 375 409

Caribbean 952 1,042 1,077 296 319 338 118 150 160

Middle East 4,117 4,725 5,060 404 376 433 5,185 5,426 5,685

Iran (Oct-Sep) 1,420 1,600 1,750 299 265 315 1,864 2,050 2,250

Israel (Oct-Sep) 131 135 155 11 10 10 392 410 425

Syria (Jan-Dec) 50 85 125 2 2 2 16 25 35

Turkey (Oct-Sep) 603 790 700 0 0 0 2,283 2,271 2,250

North Africa 4,496 3,550 3,630 1,995 1,630 1,765 1,946 2,873 3,460

Egypt (Oct-Sep) 2,174 1,200 1,200 674 270 370 1,300 2,300 2,800

Other 4,003 3,790 4,205 5,568 4,907 5,509 5,408 5,434 5,506

World Total 61,891 60,714 64,032 11,633 10,857 11,483 133,327 144,606 150,122


Table 11: Palm Oil: World Supply and Distribution


2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

Production none

30,500 Indonesia 33,000 32,000 34,000 36,000 36,000

20,161 Malaysia 19,879 17,700 18,860 21,000 21,000

2,000 Thailand 2,068 1,804 2,000 2,200 2,200

1,041 Colombia 1,110 1,275 1,146 1,320 1,320

970 Nigeria 970 970 970 970 970

4,632 Other 4,783 5,084 5,315 5,375 5,375

59,304 Total 61,810 58,833 62,291 66,865 66,865

Imports none

7,820 India 9,139 8,860 9,150 9,400 9,500

6,969 European Union 6,935 6,649 6,500 6,500 6,500

5,573 China 5,696 4,689 4,881 4,900 4,800

2,725 Pakistan 2,826 2,720 3,000 3,100 3,100

1,232 Bangladesh 1,280 1,511 1,314 1,600 1,600

1,220 United States 1,143 1,307 1,367 1,395 1,395

1,075 Egypt 1,489 1,038 1,300 1,250 1,250

681 Philippines 792 941 1,000 950 950

646 Russia 854 933 820 800 820

581 Burma 789 788 780 800 800

13,419 Other 13,897 13,135 14,398 14,772 14,787

41,941 Total 44,840 42,571 44,510 45,467 45,502

Exports none

21,719 Indonesia 25,964 22,906 26,000 26,200 26,200

17,344 Malaysia 17,378 16,621 16,301 17,300 17,300

411 Guatemala 453 614 700 700 700

600 Benin 500 460 580 570 570

556 Papua New Guinea 607 575 560 550 550

2,564 Other 2,468 2,551 2,716 2,558 2,673

43,194 Total 47,370 43,727 46,857 47,878 47,993


8,302 India 9,150 9,100 9,400 9,500 9,800

8,750 Indonesia 7,520 8,920 8,570 9,050 9,050

6,600 European Union 6,920 6,700 6,400 6,350 6,350

5,700 China 5,700 4,850 4,750 4,900 4,800

2,869 Malaysia 2,941 2,990 2,736 3,570 3,570

2,540 Pakistan 2,738 2,815 2,995 3,030 3,085

1,790 Thailand 1,925 1,835 1,918 2,160 2,160

1,215 Bangladesh 1,275 1,411 1,314 1,620 1,620

1,470 Nigeria 1,470 1,320 1,340 1,400 1,400

1,207 United States 1,092 1,269 1,355 1,360 1,384

1,150 Egypt 1,350 1,150 1,300 1,250 1,250

600 Philippines 811 930 1,074 1,080 1,100

908 Colombia 943 955 970 1,105 980

750 Russia 810 880 840 830 820

603 Vietnam 674 765 796 772 817

13,062 Other 13,375 13,386 14,213 14,634 14,732

57,516 Total 58,694 59,276 59,971 62,611 62,918

Ending Stocks none

3,210 Indonesia 2,734 2,916 2,346 3,097 3,096

2,090 Malaysia 2,641 1,546 2,019 2,899 2,899

370 India 539 499 449 546 349

296 Pakistan 382 287 292 362 307

310 China 305 139 270 189 270

3,290 Other 3,551 3,166 3,150 3,113 3,060

9,566 Total 10,152 8,553 8,526 10,206 9,981


Table 12: Rapeseed and Products: World Supply and Distribution


Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2017/182016/172015/162017/182016/172015/162017/182016/172015/16

Production

China (Oct-Sep) 11,009 9,938 10,414 7,258 6,551 6,865 14,931 13,500 13,100

India (Oct-Sep) 2,985 3,460 3,550 1,900 2,200 2,250 5,920 7,091 7,200

Canada (Aug-Jul) 4,698 5,200 5,200 3,625 4,020 4,020 18,377 19,600 19,900

Japan (Oct-Sep) 1,343 1,340 1,360 1,050 1,061 1,075 3 4 4

European Union (Jul-Jun) 13,851 14,136 14,250 10,157 10,366 10,450 21,997 20,543 22,100

Other 5,508 5,472 5,738 3,868 3,856 4,025 8,734 9,534 9,751

World Total 39,394 39,546 40,512 27,858 28,054 28,685 69,962 70,272 72,055

Imports

China (Oct-Sep) 359 875 700 768 802 750 4,011 4,260 4,300

India (Oct-Sep) 3 0 0 383 345 430 0 0 0

Canada (Aug-Jul) 15 23 25 46 55 60 105 90 100

Japan (Oct-Sep) 15 8 10 16 15 18 2,387 2,392 2,450

European Union (Jul-Jun) 409 219 300 207 153 150 3,493 4,743 4,200

Other 4,899 4,828 5,119 2,747 3,000 3,121 4,523 4,894 5,068

World Total 5,700 5,953 6,154 4,167 4,370 4,529 14,519 16,379 16,118

Exports

China (Oct-Sep) 114 12 50 3 18 5 1 0 0

India (Oct-Sep) 291 365 375 3 3 3 0 0 0

Canada (Aug-Jul) 4,100 4,670 4,550 2,770 3,150 3,120 10,282 11,100 11,000

Japan (Oct-Sep) 8 8 10 1 1 1 0 0 0

European Union (Jul-Jun) 469 511 450 350 344 300 343 320 350

Other 706 467 725 1,013 975 1,061 3,741 4,586 4,843

World Total 5,688 6,033 6,160 4,140 4,491 4,490 14,367 16,006 16,193

Domestic Consumption

China (Oct-Sep) 11,254 10,801 11,064 8,350 8,500 8,100 19,100 17,300 18,100

India (Oct-Sep) 2,600 2,935 3,285 2,280 2,545 2,705 5,930 6,900 7,170

Canada (Aug-Jul) 620 545 650 779 940 990 8,726 9,258 9,248

Japan (Oct-Sep) 1,325 1,360 1,370 1,071 1,079 1,081 2,419 2,442 2,455

European Union (Jul-Jun) 13,900 14,000 14,050 10,100 10,250 10,300 25,200 25,700 25,900

Other 9,705 9,824 10,158 5,600 5,901 6,175 9,480 9,823 10,192

World Total 39,404 39,465 40,577 28,180 29,215 29,351 70,855 71,423 73,065

Ending Stocks

China (Oct-Sep) 0 0 0 3,837 2,672 2,182 1,340 1,800 1,100

India (Oct-Sep) 245 405 295 222 219 191 469 660 690

Canada (Aug-Jul) 92 100 125 500 485 455 2,016 1,348 1,100

Japan (Oct-Sep) 61 41 31 31 27 38 67 21 20

European Union (Jul-Jun) 309 153 203 427 352 352 1,931 1,197 1,247

Other 175 184 158 427 407 317 980 999 783

World Total 882 883 812 5,444 4,162 3,535 6,803 6,025 4,940


Table 13: Sunflowerseed and Products: World Supply and Distribution


Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2017/182016/172015/162017/182016/172015/162017/182016/172015/16

Production

Argentina (Mar-Feb) 2,700 3,400 3,800 1,141 1,335 1,452 1,142 1,355 1,465

Russia (Sep-Aug) 9,173 10,858 11,000 3,510 4,167 4,311 3,530 4,192 4,337

Turkey (Sep-Aug) 1,100 1,320 1,600 743 963 1,040 587 761 822

Ukraine (Sep-Aug) 11,900 15,200 13,000 4,811 5,986 5,369 5,010 6,351 5,590

European Union (Oct-Sep) 7,721 8,573 8,700 3,888 4,212 4,239 3,042 3,296 3,317

Other 7,703 8,253 7,619 2,409 2,604 2,606 2,066 2,219 2,224

World Total 40,297 47,604 45,719 16,502 19,267 19,017 15,377 18,174 17,755

Imports

Argentina (Mar-Feb) 0 0 0 0 0 0 0 0 0

Russia (Sep-Aug) 121 107 50 7 11 5 3 18 15

Turkey (Sep-Aug) 396 591 450 801 958 850 686 793 750

Ukraine (Sep-Aug) 22 24 20 1 1 0 1 0 2

European Union (Oct-Sep) 622 635 600 3,295 3,700 3,800 1,430 1,640 1,600

Other 704 738 742 1,849 2,396 2,346 4,883 6,133 5,717

World Total 1,865 2,095 1,862 5,953 7,066 7,001 7,003 8,584 8,084

Exports


Russia (Sep-Aug) 104 365 100 1,211 1,300 1,500 1,540 2,178 2,200

Turkey (Sep-Aug) 42 47 40 4 4 5 583 635 550

Ukraine (Sep-Aug) 83 191 100 3,817 4,807 4,500 4,500 5,851 5,000

European Union (Oct-Sep) 426 400 350 215 270 200 374 440 350

Other 1,042 1,425 1,083 244 211 261 508 493 481

World Total 2,003 2,496 1,943 6,225 7,317 7,191 8,110 10,217 9,206


Argentina (Mar-Feb) 2,834 3,304 3,556 530 600 625 723 742 762

Russia (Sep-Aug) 9,070 10,670 11,020 2,250 2,800 2,850 1,950 2,065 2,130

Turkey (Sep-Aug) 1,452 1,862 2,012 1,600 1,850 1,930 930 980 1,010

Ukraine (Sep-Aug) 11,820 14,780 13,180 900 1,150 1,100 590 585 590

European Union (Oct-Sep) 8,220 8,840 8,890 6,960 7,860 7,860 4,230 4,460 4,610

Other 7,256 7,459 7,521 4,048 4,752 4,725 6,761 7,685 7,683

World Total 40,652 46,915 46,179 16,288 19,012 19,090 15,184 16,517 16,785

Ending Stocks


Russia (Sep-Aug) 255 185 115 249 327 293 92 59 81

Turkey (Sep-Aug) 47 49 47 83 150 105 84 23 35

Ukraine (Sep-Aug) 168 421 161 465 495 264 215 130 132


Other 557 664 421 113 150 116 736 910 687

World Total 2,271 2,559 2,018 1,323 1,327 1,064 1,492 1,516 1,364


Table 14: Minor Vegetable Oils: World Supply and Distribution


Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2017/182016/172015/162017/182016/172015/162017/182016/172015/16

Production

China (Oct-Sep) 2,816 2,864 2,960 1,091 1,115 1,251 5 5 5

India (Oct-Sep) 875 1,240 1,190 1,230 1,160 1,320 nr nr nr

Turkey (Nov-Oct) 7 7 7 157 187 223 170 180 200

United States (Aug-Jul) 103 129 142 211 246 343 14 15 16

European Union (Oct-Sep) 12 12 12 39 38 44 2,320 1,750 1,800

Other 1,629 1,613 1,622 1,563 1,656 1,844 609 537 682

World Total 5,442 5,865 5,933 4,291 4,402 5,025 3,118 2,487 2,703

Imports

China (Oct-Sep) 113 111 130 0 0 0 41 45 45

India (Oct-Sep) 0 0 0 0 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 0 0 0 1 1 1



Other 20 21 20 48 51 49 300 296 311

World Total 240 223 243 53 52 52 772 768 809

Exports

China (Oct-Sep) 10 8 5 1 2 5 0 0 0


Turkey (Nov-Oct) 0 0 0 2 1 1 14 51 50



Other 221 198 224 35 24 42 202 193 277

World Total 252 235 258 63 74 107 896 876 917


China (Oct-Sep) 2,919 2,967 3,085 1,090 1,113 1,246 46 50 50

India (Oct-Sep) 874 1,160 1,245 1,275 1,165 1,310 nr nr nr

Turkey (Nov-Oct) 7 7 7 155 185 220 145 144 150


European Union (Oct-Sep) 72 80 77 41 39 45 1,570 1,420 1,380

Other 1,429 1,413 1,418 1,642 1,679 1,825 709 692 731

World Total 5,441 5,767 5,988 4,400 4,379 4,929 2,806 2,625 2,639

Ending Stocks

China (Oct-Sep) 0 0 0 0 0 0 0 0 0


Turkey (Nov-Oct) 0 0 0 4 5 7 40 26 27



Other 41 64 64 44 48 74 142 90 75

World Total 135 221 151 104 105 146 493 247 203


Table 15: World Oilseeds and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Major Oilseeds

382.73 30.5274.35502.0872.7246.63218.98 2004/05 368.14 59.60

394.02 31.7375.82529.0375.4159.60220.69 2005/06 386.85 66.36

405.77 31.5683.11552.9680.8366.36223.39 2006/07 394.69 75.15

391.45 31.5991.38557.0590.4575.15219.54 2007/08 402.50 63.17

398.98 33.6294.66556.6994.5563.17230.45 2008/09 404.86 57.18

447.52 34.77107.03607.29102.5957.18235.79 2009/10 425.46 74.80

461.14 36.24109.13640.98105.0374.80245.27 2010/11 446.70 85.15

447.64 36.31111.70645.93113.1585.15248.17 2011/12 467.00 67.24

475.57 36.52118.54657.58114.7867.24256.20 2012/13 470.45 68.59

504.22 37.47133.82706.36133.5468.59260.05 2013/14 493.94 78.59

537.58 38.59147.06759.78143.6178.59264.76 2014/15 519.46 93.27

521.45 39.50153.20768.58153.8793.27263.02 2015/16 524.40 90.98

572.95 41.56171.03831.23167.3090.98264.69 2016/17 551.66 108.54

578.82 42.99175.81859.72172.36108.54277.67 2017/18 574.59 109.32

Major Protein Meals

206.34 0.2961.85274.0459.478.24nr 2004/05 204.01 8.18

217.08 0.2867.33290.9565.688.18nr 2005/06 214.75 8.87

224.15 0.2769.39300.3367.308.87nr 2006/07 220.67 10.27

231.56 0.2973.07312.2670.4310.27nr 2007/08 228.99 10.20

229.89 0.3270.13308.5368.4310.20nr 2008/09 230.08 8.32

244.41 0.4072.79323.2370.508.32nr 2009/10 240.37 10.07

257.11 0.3377.93342.3075.1210.07nr 2010/11 251.51 12.86

267.83 0.4081.13359.8579.1712.86nr 2011/12 264.10 14.62

269.78 0.4379.50358.8674.4614.62nr 2012/13 266.63 12.74

283.22 0.4483.37376.5280.5612.74nr 2013/14 279.14 14.01

301.07 0.4586.15397.5382.4514.01nr 2014/15 294.30 17.09

306.24 0.4886.70406.5883.2617.09nr 2015/16 303.99 15.90

321.28 0.5988.60421.5384.3615.90nr 2016/17 317.38 15.56

334.89 0.7290.86437.8987.4415.56nr 2017/18 331.91 15.12

Major Vegetable Oils

112.14 91.4643.84163.4840.1711.1712.85 2004/05 107.18 12.46

119.85 94.2948.61176.2443.9412.4613.60 2005/06 113.46 14.18

122.74 96.7550.62184.2647.3414.1814.19 2006/07 119.03 14.61

129.71 99.5954.74194.8150.5014.6114.72 2007/08 125.17 14.90

134.94 103.0456.85203.8554.0014.9015.59 2008/09 131.31 15.69

142.44 107.1558.88213.7955.6615.6916.36 2009/10 138.18 16.73

149.11 109.9460.67222.9257.0816.7317.05 2010/11 143.10 19.14

158.28 115.8864.75239.3261.8919.1417.63 2011/12 151.96 22.61

161.65 121.6268.35249.8065.5322.6118.37 2012/13 159.38 22.07

171.75 126.2770.24261.0567.2422.0719.11 2013/14 166.75 24.07

177.27 131.4376.47272.4571.1224.0719.81 2014/15 171.64 24.34

176.78 135.0873.44271.7770.6524.3420.41 2015/16 177.50 20.82

185.99 139.6178.98280.3673.5420.8220.88 2016/17 182.28 19.09

194.49 144.2179.55288.4674.8819.0921.35 2017/18 189.03 19.89

Based on the aggregate of different marketing years


Table 16: World Soybeans and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

215.49 175.6164.75317.8763.5638.8293.35 2004/05 204.48 48.63

220.78 186.1263.85333.5264.1048.6393.03 2005/06 215.78 53.89

235.70 195.4271.14358.6369.0553.8994.92 2006/07 224.67 62.83

219.15 202.4978.32360.6778.6862.8391.05 2007/08 229.68 52.67

212.07 194.6377.21342.6477.9052.6796.46 2008/09 222.56 42.87

260.76 210.2291.47391.1387.5042.87102.60 2009/10 238.97 60.69

264.40 222.1191.71414.8889.7960.69103.44 2010/11 252.74 70.44

240.44 229.2092.19405.4394.5570.44102.90 2011/12 259.45 53.79

268.46 231.71100.80419.4597.1953.79110.00 2012/13 263.10 55.55

282.75 242.63112.78451.37113.0755.55112.63 2013/14 276.39 62.20

320.01 264.82126.13506.58124.3662.20118.45 2014/15 302.81 77.64

313.71 275.17132.46524.68133.3377.64120.42 2015/16 314.09 78.13

351.25 288.53147.66573.99144.6178.13120.30 2016/17 330.05 96.28

348.89 301.98152.43595.29150.1296.28126.38 2017/18 344.96 97.90

Meal, Soybean

138.87 175.6348.03190.6346.005.75nr 2004/05 136.69 5.91

146.55 186.1453.01203.8451.385.91nr 2005/06 144.66 6.17

153.71 195.4454.99212.6252.746.17nr 2006/07 150.20 7.43

158.90 202.5156.64221.1154.787.43nr 2007/08 156.85 7.62

152.87 194.7153.25212.1651.677.62nr 2008/09 153.82 5.09

165.55 210.3056.02224.1853.545.09nr 2009/10 161.38 6.78

174.94 222.2058.91238.6056.876.78nr 2010/11 170.52 9.16

180.95 229.3158.72247.0856.979.16nr 2011/12 177.65 10.72

182.19 231.8558.52246.7353.8310.72nr 2012/13 178.44 9.76

190.29 242.7960.72258.0057.949.76nr 2013/14 186.68 10.60

208.55 265.0164.36279.8260.6610.60nr 2014/15 201.92 13.53

216.01 275.4065.31291.4361.8913.53nr 2015/16 213.59 12.53

226.42 288.7864.98299.6760.7112.53nr 2016/17 222.44 12.25

237.12 302.2267.23313.4064.0312.25nr 2017/18 234.19 11.98

Oil, Soybean

32.63 175.619.0643.858.382.84nr 2004/05 31.47 3.31

34.89 186.129.7947.008.803.31nr 2005/06 33.36 3.85

36.40 195.4210.5650.039.773.85nr 2006/07 35.41 4.06

37.77 202.4910.8852.1210.294.06nr 2007/08 37.28 3.96

36.10 194.639.1849.069.003.96nr 2008/09 36.32 3.55

38.91 210.229.1750.948.483.55nr 2009/10 38.14 3.63

41.45 222.119.6654.469.383.63nr 2010/11 40.47 4.33

42.83 229.208.5255.157.994.33nr 2011/12 42.43 4.20

43.32 231.719.3656.028.504.20nr 2012/13 42.59 4.08

45.19 242.639.4458.539.254.08nr 2013/14 45.27 3.81

49.29 264.8211.0963.1410.043.81nr 2014/15 47.83 4.22

51.54 275.1711.6867.4011.634.22nr 2015/16 52.15 3.57

53.95 288.5311.4068.3710.863.57nr 2016/17 53.62 3.35

56.29 301.9811.7571.1211.483.35nr 2017/18 55.99 3.38

Based on the aggregate of different marketing years, primarily October through September.


Table 17: World Rapeseed and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oilseed, Rapeseed

46.24 0.354.9153.435.002.1926.88 2004/05 43.40 5.12

48.93 0.356.9860.766.715.1227.36 2005/06 48.16 5.63

45.81 0.356.6558.467.025.6326.76 2006/07 46.63 5.18

48.37 0.358.1861.127.575.1828.66 2007/08 49.23 3.70

58.01 0.4012.2073.8612.153.7031.02 2008/09 54.86 6.80

61.06 0.4210.9078.6710.816.8030.85 2009/10 59.77 8.00

60.94 0.4510.9379.1210.188.0033.71 2010/11 60.09 8.10

61.64 0.4512.9982.9813.248.1033.51 2011/12 63.79 6.21

64.06 0.4712.5683.1012.836.2136.05 2012/13 65.69 4.85

71.68 0.4915.1092.0815.554.8536.01 2013/14 69.48 7.50

71.45 0.5515.1093.2714.327.5035.52 2014/15 70.63 7.54

69.96 0.6514.3792.0314.527.5433.86 2015/16 70.86 6.80

70.27 0.7516.0193.4516.386.8033.75 2016/17 71.42 6.03

72.06 0.8516.1994.2016.126.0336.37 2017/18 73.07 4.94

Meal, Rapeseed

23.71 0.002.5126.932.290.93nr 2004/05 23.71 0.71

26.21 0.002.6829.552.630.71nr 2005/06 26.09 0.78

25.59 0.003.0029.583.210.78nr 2006/07 25.88 0.70

27.24 0.003.9331.823.880.70nr 2007/08 27.30 0.59

30.36 0.003.7534.733.770.59nr 2008/09 30.17 0.80

33.04 0.003.6337.723.880.80nr 2009/10 32.81 1.28

33.33 0.005.2839.945.331.28nr 2010/11 33.55 1.12

35.26 0.005.5641.945.551.12nr 2011/12 35.24 1.14

36.49 0.005.7043.215.581.14nr 2012/13 36.53 0.99

38.78 0.006.3546.226.460.99nr 2013/14 38.92 0.95

39.09 0.006.0746.035.990.95nr 2014/15 39.08 0.88

39.39 0.005.6945.975.700.88nr 2015/16 39.40 0.88

39.55 0.006.0346.385.950.88nr 2016/17 39.47 0.88

40.51 0.006.1647.556.150.88nr 2017/18 40.58 0.81

Oil, Rapeseed

16.10 13.141.2917.911.200.60nr 2004/05 15.82 0.79

18.03 13.701.6520.301.480.79nr 2005/06 17.60 1.05

17.82 13.272.0021.082.211.05nr 2006/07 18.24 0.85

18.96 13.531.9121.862.050.85nr 2007/08 18.81 1.14

21.23 14.522.4724.852.481.14nr 2008/09 21.11 1.27

23.28 15.302.7527.512.961.27nr 2009/10 22.81 1.95

23.53 15.923.4328.863.381.95nr 2010/11 23.46 1.96

24.90 16.553.9830.944.081.96nr 2011/12 23.92 3.04

25.68 17.033.9532.663.943.04nr 2012/13 24.29 4.42

27.27 18.263.8335.523.834.42nr 2013/14 26.17 5.52

27.61 19.124.0737.093.965.52nr 2014/15 27.29 5.74

27.86 19.814.1437.764.175.74nr 2015/16 28.18 5.44

28.05 20.644.4937.874.375.44nr 2016/17 29.22 4.16

28.69 20.704.4937.384.534.16nr 2017/18 29.35 3.54

Based on the aggregate of different marketing years.


Table 18: World Sunflower and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Exports Domestic

Consumpti

Ending

Stocks

Oilseed, Sunflowerseed

25.39 2.9625.741.231.163.3820.69 2004/05

29.92 3.4829.311.521.422.9622.72 2005/06

30.08 4.0229.441.911.813.4823.45 2006/07

27.35 3.7227.481.461.294.0221.34 2007/08

32.89 3.8532.532.151.923.7223.89 2008/09

31.56 2.5932.821.551.563.8522.99 2009/10

32.72 2.3232.831.781.622.5923.11 2010/11

38.66 2.4538.311.931.702.3224.64 2011/12

35.02 2.6934.681.451.362.4523.61 2012/13

41.54 3.0140.891.961.622.6924.03 2013/14

39.25 2.7639.391.661.563.0123.15 2014/15

40.30 2.2740.652.001.872.7623.29 2015/16

47.60 2.5646.922.502.102.2725.24 2016/17

45.72 2.0246.181.941.862.5625.73 2017/18

Meal, Sunflowerseed

10.30 0.2210.082.772.550.22nr 2004/05

11.72 0.3111.413.573.350.22nr 2005/06

11.87 0.2411.903.493.440.31nr 2006/07

11.11 0.3010.693.312.960.24nr 2007/08

13.07 0.8012.474.304.200.30nr 2008/09

13.42 0.9812.834.093.690.80nr 2009/10

13.31 1.0812.704.574.060.98nr 2010/11

15.62 1.6814.646.806.421.08nr 2011/12

14.16 0.8214.815.134.931.68nr 2012/13

16.85 1.2615.946.225.760.82nr 2013/14

16.13 1.3815.675.875.521.26nr 2014/15

16.50 1.3216.296.235.951.38nr 2015/16

19.27 1.3319.017.327.071.32nr 2016/17

19.02 1.0619.097.197.001.33nr 2017/18

Oil, Sunflowerseed

9.19 1.028.582.582.170.83nr 2004/05

10.56 1.219.773.923.311.02nr 2005/06

10.74 1.2010.164.053.461.21nr 2006/07

10.16 1.209.413.532.781.20nr 2007/08

11.88 1.9310.754.554.151.20nr 2008/09

12.12 1.8911.464.503.811.93nr 2009/10

12.09 1.7711.374.543.701.89nr 2010/11

14.37 2.9512.536.485.831.77nr 2011/12

12.87 2.3113.115.575.162.95nr 2012/13

15.45 2.8014.147.786.972.31nr 2013/14

14.92 2.4114.117.386.192.80nr 2014/15

15.38 1.4915.188.117.002.41nr 2015/16

18.17 1.5216.5210.228.581.49nr 2016/17

17.76 1.3616.799.218.081.52nr 2017/18

Based on the aggregate of different marketing years, primarily September through August.


Table 19: World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution

Million Metric Tons

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Industrial

Dom.

Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oil, Palm

24.07 24.926.2425.8262.1433.634.43 2004/05 31.70 4.62

25.63 25.316.9427.9966.2636.024.62 2005/06 32.79 5.48

26.87 27.177.5728.6569.9437.595.48 2006/07 35.24 6.04

30.35 29.708.8532.7877.8241.436.04 2007/08 39.12 5.92

33.39 31.709.9735.2483.7844.475.92 2008/09 42.30 6.24

34.57 33.1010.3736.4087.1946.376.24 2009/10 44.10 6.68

35.37 33.9711.1937.2391.2449.196.68 2010/11 45.79 8.23

38.51 36.6512.7239.7999.2652.538.23 2011/12 50.06 9.41

42.11 40.2214.9243.05107.8956.389.41 2012/13 55.81 9.03

41.94 41.0115.8043.19110.2859.309.03 2013/14 57.52 9.57

44.84 43.1214.8247.37116.2261.819.57 2014/15 58.69 10.15

42.57 42.2616.2743.73111.5658.8310.15 2015/16 59.28 8.55

44.51 43.5115.7146.86115.3562.298.55 2016/17 59.97 8.53

45.50 44.8117.3047.99120.8966.878.53 2017/18 62.92 9.98

Oil, Coconut

1.91 1.801.402.085.843.420.51 2004/05 3.29 0.47

2.04 1.781.432.055.853.340.47 2005/06 3.35 0.44

1.88 1.661.431.745.393.070.44 2006/07 3.18 0.47

1.91 1.771.511.935.783.400.47 2007/08 3.31 0.55

1.67 1.651.561.485.583.360.55 2008/09 3.24 0.86

2.30 2.091.702.076.633.470.86 2009/10 3.82 0.74

1.80 1.871.671.806.133.590.74 2010/11 3.58 0.76

1.84 1.931.551.865.983.390.76 2011/12 3.51 0.61

1.89 2.001.711.926.133.620.61 2012/13 3.75 0.46

1.74 1.751.551.915.583.380.46 2013/14 3.34 0.33

1.82 1.741.521.945.533.370.33 2014/15 3.29 0.29

1.58 1.681.551.565.183.320.29 2015/16 3.26 0.37

1.54 1.601.531.865.303.380.37 2016/17 3.17 0.27

1.56 1.651.531.715.263.440.27 2017/18 3.22 0.34

Meal, Fish

3.60 0.000.063.7010.005.560.83 2004/05 5.59 0.71

3.05 0.000.052.808.754.990.71 2005/06 5.21 0.73

2.82 0.000.052.658.695.140.73 2006/07 5.08 0.97

3.17 0.000.052.949.275.140.97 2007/08 5.50 0.83

3.26 0.000.053.089.295.200.83 2008/09 5.51 0.71

2.76 0.000.052.417.714.240.71 2009/10 5.03 0.28

2.77 0.000.052.698.605.550.28 2010/11 5.22 0.69

3.05 0.000.052.808.444.710.69 2011/12 5.36 0.28

2.47 0.000.052.327.594.840.28 2012/13 4.81 0.45

2.74 0.000.052.477.644.450.45 2013/14 4.94 0.23

2.50 0.000.052.287.424.690.23 2014/15 4.87 0.26

2.47 0.000.052.217.234.510.26 2015/16 4.75 0.27

2.79 0.000.052.477.964.900.27 2016/17 5.22 0.27

2.46 0.000.002.227.324.590.27 2017/18 4.84 0.27

Based on the aggregate of different marketing years.


Table 20: United States Oilseeds and Products Supply and Distribution Local Marketing Year


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Major Oilseeds

95,941 50,16730,708100,7746814,15236,808 2004/05 61,777 8,289

95,671 51,89726,611104,6246648,28936,587 2005/06 63,812 14,201

96,843 53,48331,647112,0771,03314,20136,962 2006/07 63,407 17,023

82,453 53,49533,045100,7411,26517,02331,970 2007/08 60,787 6,909

89,201 49,34235,69497,4051,2956,90935,265 2008/09 56,091 5,620

98,951 51,48341,691105,6371,0665,62035,511 2009/10 58,402 5,544

100,432 49,32341,938106,9219455,54437,179 2010/11 57,664 7,319

92,442 50,31637,813101,0461,2857,31935,131 2011/12 57,621 5,612

93,323 50,25037,156100,5401,6055,61236,676 2012/13 57,621 5,763

99,016 51,45945,569107,8463,0675,76335,438 2013/14 58,324 3,953

116,029 55,11151,116121,8331,8513,95338,983 2014/15 63,961 6,756

115,879 55,05553,959123,7651,1306,75638,398 2015/16 62,938 6,868

126,935 56,23660,278135,3021,4996,86839,245 2016/17 65,406 9,618

132,135 57,69062,452143,2651,5129,61842,936 2017/18 67,475 13,338

Major Protein Meals

39,191 50,1676,95441,0011,537273nr 2004/05 33,832 215

39,894 51,8977,60841,7721,663215nr 2005/06 33,803 361

41,390 53,4838,26443,4601,709361nr 2006/07 34,811 385

40,786 53,4958,70643,1631,992385nr 2007/08 34,123 334

37,630 49,3427,94039,7811,817334nr 2008/09 31,595 246

39,992 51,48310,30841,5821,344246nr 2009/10 30,933 341

38,032 49,3238,48840,6142,241341nr 2010/11 31,748 378

39,450 50,3169,17042,8603,032378nr 2011/12 33,354 336

38,593 50,25010,46142,3223,393336nr 2012/13 31,546 315

39,293 51,45910,80343,4063,798315nr 2013/14 32,311 292

43,210 55,11112,14447,3753,873292nr 2014/15 34,941 290

42,778 55,05511,17947,1464,078290nr 2015/16 35,692 275

43,083 56,23610,82947,2793,921275nr 2016/17 36,043 407

44,489 57,69011,40748,9244,028407nr 2017/18 37,188 329

Major Vegetable Oils

9,769 50,16783812,4051,8417950 2004/05 10,443 1,124

10,435 51,89789913,9382,3791,1240 2005/06 11,242 1,797

10,450 53,4831,33314,7742,5271,7970 2006/07 11,700 1,741

10,544 53,4951,67915,3943,1091,7410 2007/08 12,251 1,464

9,666 49,3421,45714,3603,2301,4640 2008/09 11,166 1,737

10,058 51,4831,94815,1333,3381,7370 2009/10 11,194 1,991

9,775 49,3231,86115,3783,6121,9910 2010/11 11,794 1,723

10,032 50,3161,14615,5863,8311,7230 2011/12 12,873 1,567

10,231 50,2501,38715,5993,8011,5670 2012/13 13,068 1,144

10,427 51,4591,11615,5874,0161,1440 2013/14 13,499 972

10,938 55,1111,17416,1404,2309720 2014/15 13,680 1,286

11,212 55,0551,24817,0254,5271,2860 2015/16 14,574 1,203

11,439 56,2361,41617,3714,7291,2030 2016/17 14,729 1,226

11,654 57,6901,21817,7424,8621,2260 2017/18 15,425 1,099

Based on the aggregate of different marketing years


Table 21: United States Soybeans and Products Supply and Distribution Local Marketing Years


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Oilseed, Soybean

85,016 46,16029,86088,2271523,05929,930 2004/05 51,407 6,960

83,507 47,32425,57990,559926,96028,834 2005/06 52,751 12,229

87,001 49,19830,38699,47624612,22930,190 2006/07 53,473 15,617

72,859 49,08131,53888,74526915,61725,959 2007/08 51,627 5,580

80,749 45,23034,81786,6903615,58030,222 2008/09 48,112 3,761

91,470 47,67340,79895,6283973,76130,907 2009/10 50,724 4,106

90,663 44,85140,95995,1623934,10631,003 2010/11 48,351 5,852

84,291 46,34837,18690,5824395,85229,856 2011/12 48,786 4,610

82,791 45,96736,12988,5041,1034,61030,814 2012/13 48,550 3,825

91,389 47,19244,59497,1671,9533,82530,858 2013/14 50,069 2,504

106,878 50,97550,143110,2869042,50433,423 2014/15 54,955 5,188

106,857 51,33552,860112,6866415,18833,076 2015/16 54,472 5,354

116,920 51,68159,157122,8796055,35433,466 2016/17 55,521 8,201

120,436 52,79861,235129,3176808,20136,208 2017/18 56,510 11,572

Meal, Soybean

36,936 46,1606,65937,261134191nr 2004/05 30,446 156

37,416 47,3247,30137,700128156nr 2005/06 30,114 285

39,037 49,1987,98739,464142285nr 2006/07 31,166 311

38,359 49,0818,38438,798128311nr 2007/08 30,147 267

35,473 45,2307,70835,82080267nr 2008/09 27,899 213

37,836 47,67310,12538,194145213nr 2009/10 27,795 274

35,608 44,8518,23836,045163274nr 2010/11 27,489 318

37,217 46,3488,84537,731196318nr 2011/12 28,614 272

36,174 45,96710,11136,668222272nr 2012/13 26,307 250

36,909 47,19210,50437,506347250nr 2013/14 26,775 227

40,880 50,97511,89141,409302227nr 2014/15 29,282 236

40,525 51,33510,84441,127366236nr 2015/16 30,044 239

40,581 51,68110,52441,137317239nr 2016/17 30,250 363

41,821 52,79811,06842,456272363nr 2017/18 31,116 272

Oil, Soybean

8,782 46,1606009,28212488nr 2004/05 7,911 771

9,248 47,32452310,03516771nr 2005/06 8,147 1,365

9,294 49,19885110,676171,365nr 2006/07 8,426 1,399

9,335 49,0811,32010,764301,399nr 2007/08 8,317 1,127

8,503 45,2309959,671411,127nr 2008/09 7,378 1,298

8,897 47,6731,52410,242471,298nr 2009/10 7,173 1,545

8,568 44,8511,46610,185721,545nr 2010/11 7,506 1,213

8,954 46,34866410,235681,213nr 2011/12 8,396 1,175

8,990 45,96798110,254891,175nr 2012/13 8,522 751

9,131 47,1928529,95775751nr 2013/14 8,576 529

9,706 50,97591410,355120529nr 2014/15 8,600 841

9,956 51,3351,01710,927130841nr 2015/16 9,145 765

10,024 51,6811,16010,934145765nr 2016/17 8,998 776

10,208 52,79895311,120136776nr 2017/18 9,434 733

Data based on Local Marketing Year (MY). Soybeans are on a September/August MY, and Soybean

Meal and Oil are on an October/September MY.


Table 22: Brazil Soybeans and Products Supply and Distribution Local Marketing Years


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

53,000 29,72822,79957,9003524,54822,917 2004/05 32,413 2,688

57,000 28,75624,77059,728402,68822,229 2005/06 31,506 3,452

59,000 31,51123,80562,5601083,45220,700 2006/07 34,261 4,494

61,000 31,89524,51565,577834,49421,300 2007/08 34,695 6,367

57,800 30,77928,04164,2911246,36721,700 2008/09 33,579 2,671

69,000 35,70029,18871,8211502,67123,500 2009/10 38,550 4,083

75,300 37,26433,78979,423404,08324,200 2010/11 40,164 5,470

66,500 36,23031,90572,2682985,47025,000 2011/12 39,130 1,233

82,000 36,43242,82683,4732401,23327,700 2012/13 39,378 1,269

86,700 38,19545,74788,5485791,26930,100 2013/14 41,345 1,456

97,200 40,33954,63598,9853291,45632,100 2014/15 43,700 650

96,500 40,12552,10097,51236265033,300 2015/16 43,607 1,805

114,100 41,55065,635116,1552501,80533,900 2016/17 45,220 5,300

108,000 42,00065,000113,5002005,30034,900 2017/18 45,740 2,760

Meal, Soybean (Local)

23,040 29,72814,25624,125244841nr 2004/05 9,133 736

22,280 28,75612,28723,230214736nr 2005/06 10,080 863

24,420 31,51112,34625,429146863nr 2006/07 10,800 2,283

24,720 31,89512,70927,1461432,283nr 2007/08 12,300 2,137

23,850 30,77912,15326,073862,137nr 2008/09 12,800 1,120

27,670 35,70014,14728,862721,120nr 2009/10 13,187 1,528

28,880 37,26414,45230,459511,528nr 2010/11 13,400 2,607

28,080 36,23013,85430,702152,607nr 2011/12 14,000 2,848

28,230 36,43213,61931,108302,848nr 2012/13 14,800 2,689

29,560 38,19513,72132,276272,689nr 2013/14 15,100 3,455

31,230 40,33915,10634,701163,455nr 2014/15 15,700 3,895

31,050 40,12514,65134,972273,895nr 2015/16 16,300 4,021

32,160 41,55014,26036,216354,021nr 2016/17 17,006 4,950

32,500 42,00015,35037,480304,950nr 2017/18 17,600 4,530

Oil, Soybean (Local)

5,705 29,7282,6976,0563348nr 2004/05 3,099 260

5,520 28,7562,3155,79818260nr 2005/06 3,211 272

6,050 31,5112,5216,38462272nr 2006/07 3,505 358

6,120 31,8952,1986,4879358nr 2007/08 4,005 284

5,910 30,7791,4966,23541284nr 2008/09 4,395 344

6,850 35,7001,6327,1962344nr 2009/10 5,060 504

7,150 37,2641,7587,6540504nr 2010/11 5,305 591

6,950 36,2301,6887,5432591nr 2011/12 5,395 460

6,990 36,4321,4107,4544460nr 2012/13 5,528 516

7,330 38,1951,3267,8460516nr 2013/14 5,955 565

7,740 40,3391,6508,31611565nr 2014/15 6,220 446

7,700 40,1251,2508,22175446nr 2015/16 6,440 531

7,970 41,5501,3758,56160531nr 2016/17 6,680 506

8,060 42,0001,4758,62660506nr 2017/18 6,735 416

Data based on Brazil's local February/January Marketing Year (MY).

Where February 2012 - January 2013 is the 2011/12 MY.


Table 23: Argentina Soybeans and Products Supply and Distribution Local Marketing Years


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

39,000 29,56010,68642,2417092,53214,400 2004/05 31,000 555

40,500 32,7487,13242,0681,01355515,200 2005/06 34,268 668

48,800 35,96312,13351,8042,33666816,300 2006/07 37,593 2,078

46,200 31,88311,80351,2252,9472,07816,371 2007/08 33,608 5,814

32,000 28,5553,48637,9711575,81416,000 2008/09 30,405 4,080

54,500 39,19613,70158,58004,08018,600 2009/10 41,196 3,683

49,000 37,52110,38952,696133,68318,300 2010/11 39,821 2,486

40,100 30,6816,09842,58822,48617,577 2011/12 33,431 3,059

49,300 35,0097,81752,36123,05919,750 2012/13 38,209 6,335

53,400 38,5037,43459,73726,33519,250 2013/14 42,089 10,214

61,400 45,11011,67071,75514110,21419,340 2014/15 49,285 10,800

56,800 43,0809,04668,9041,30410,80019,530 2015/16 47,401 12,457

57,800 43,2007,02071,9571,70012,45718,350 2016/17 47,687 17,250

57,000 45,0008,00075,7501,50017,25019,100 2017/18 49,620 18,130

Meal, Soybean (Local)

23,350 29,56022,70324,43611,085nr 2004/05 530 1,203

25,582 32,74824,72326,78501,203nr 2005/06 535 1,527

27,857 35,96328,10829,38621,527nr 2006/07 544 734

24,839 31,88324,38925,5763734nr 2007/08 652 535

22,519 28,55521,30323,0584535nr 2008/09 750 1,005

30,493 39,19628,38431,49801,005nr 2009/10 850 2,264

29,181 37,52127,48531,44502,264nr 2010/11 1,085 2,875

23,946 30,68121,97326,82102,875nr 2011/12 1,550 3,298

27,150 35,00923,93730,44803,298nr 2012/13 1,950 4,561

29,528 38,50327,47334,08904,561nr 2013/14 2,200 4,416

34,737 45,11031,86739,15414,416nr 2014/15 2,500 4,787

33,095 43,08030,98037,88204,787nr 2015/16 2,687 4,215

33,110 43,20031,35037,32504,215nr 2016/17 2,865 3,110

34,540 45,00031,25037,65003,110nr 2017/18 3,075 3,325

Oil, Soybean (Local)

5,558 29,5605,0825,8620304nr 2004/05 395 385

6,169 32,7485,6676,5540385nr 2005/06 402 485

6,917 35,9636,5157,4020485nr 2006/07 675 212

6,037 31,8834,9876,2490212nr 2007/08 1,125 137

5,448 28,5553,7095,5850137nr 2008/09 1,716 160

7,460 39,1965,1807,6200160nr 2009/10 2,215 225

7,148 37,5214,2277,3730225nr 2010/11 2,755 391

5,840 30,6813,4336,26635391nr 2011/12 2,550 283

6,616 35,0094,2816,95859283nr 2012/13 2,375 302

7,191 38,5034,2967,51926302nr 2013/14 2,843 380

8,753 45,1106,3119,1385380nr 2014/15 2,301 526

8,380 43,0805,3868,9060526nr 2015/16 3,085 435

8,335 43,2005,6008,7700435nr 2016/17 2,870 300

8,665 45,0005,8508,9650300nr 2017/18 2,780 335

Data based on Argentina's Local April/March Marketing Year (MY).

Where April 2012 - March 2013 is the 2011/12 MY.


Table 24: South East Asia Oilseeds and Products Supply and Distribution


2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

none

Production none

4,187 Oilseed, Copra 4,175 4,054 4,150 4,243 4,243

13,851 Oilseed, Palm Kernel 14,403 13,705 14,548 15,750 15,750

1,040 Oilseed, Soybean 995 947 940 921 921

3,808 Other 3,811 3,705 3,696 3,714 3,714

22,886 Total 23,384 22,411 23,334 24,628 24,628

none


853 Meal, Fish 848 796 878 923 863

801 Meal, Rapeseed 745 407 373 430 415

16,056 Meal, Soybean 16,996 18,283 18,806 20,237 19,647

2,574 Other 2,986 3,078 3,168 3,262 3,239

20,284 Total 21,575 22,564 23,225 24,852 24,164

none

SME none

1,233 Meal, Fish 1,225 1,150 1,269 1,334 1,247

570 Meal, Rapeseed 530 290 265 306 295

16,056 Meal, Soybean 16,996 18,283 18,806 20,237 19,647

1,429 Other 1,595 1,657 1,696 1,752 1,732

19,288 Total 20,347 21,380 22,036 23,629 22,921

none

Imports none

241 Meal, Fish 237 279 303 321 321

738 Meal, Rapeseed 658 369 358 430 410

13,743 Meal, Soybean 14,914 15,660 15,903 17,044 16,754

391 Other 562 684 671 660 645

15,113 Total 16,371 16,992 17,235 18,455 18,130

none

Industrial Dom. Cons. none

7,380 Oil, Palm 5,995 7,245 6,644 8,040 8,050

0 Oil, Rapeseed 0 0 0 0 0

36 Oil, Soybean 39 42 46 45 45

0 Oil, Sunflowerseed 0 0 0 0 0

3,832 Other 4,014 3,988 4,100 4,236 4,250

11,248 Total 10,048 11,275 10,790 12,321 12,345

none

Food Use Dom. Cons. none

7,931 Oil, Palm 8,520 8,833 9,074 9,190 9,245

61 Oil, Rapeseed 54 26 32 17 17

516 Oil, Soybean 574 677 698 822 772


1,437 Other 1,384 1,423 1,485 1,562 1,565

10,057 Total 10,663 11,090 11,420 11,722 11,730

none


15,684 Oil, Palm 14,984 16,523 16,169 17,747 17,812

61 Oil, Rapeseed 54 26 32 17 17

552 Oil, Soybean 613 719 744 867 817


5,279 Other 5,408 5,421 5,595 5,808 5,825

21,688 Total 21,190 22,820 22,671 24,570 24,602

none

Imports none

2,920 Oil, Palm 3,762 3,608 3,555 3,695 3,715

10 Oil, Rapeseed 13 13 13 13 13

292 Oil, Soybean 321 289 293 290 290


509 Other 671 544 535 502 523

3,731 Total 4,767 4,454 4,396 4,500 4,541

Southeast Asia includes Brunei, Burma, Cambonia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam.

SME - 44 Percent Protein Soybean Meal Equivalent


Table 25: Middle East Oilseeds and Products Supply and Distribution


2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

none

Production none

1,106 Oilseed, Cottonseed 1,243 1,032 1,228 1,405 1,405

430 Oilseed, Rapeseed 425 400 400 400 400

318 Oilseed, Soybean 327 297 297 282 282

1,502 Oilseed, Sunflowerseed 1,306 1,206 1,426 1,706 1,706

140 Other 120 150 145 145 145

3,496 Total 3,421 3,085 3,496 3,938 3,938

none


88 Meal, Fish 86 108 105 105 105

895 Meal, Rapeseed 971 951 924 995 995

6,785 Meal, Soybean 7,105 7,605 8,076 8,856 8,686

3,034 Other 2,961 2,970 3,243 3,424 3,460

10,802 Total 11,123 11,634 12,348 13,380 13,246

none

SME none

127 Meal, Fish 124 156 152 152 152

637 Meal, Rapeseed 691 677 657 708 708

6,785 Meal, Soybean 7,105 7,605 8,076 8,856 8,686

2,626 Other 2,543 2,524 2,840 3,008 3,028

10,175 Total 10,463 10,961 11,725 12,724 12,573

none

Imports none

82 Meal, Fish 80 108 100 100 100

295 Meal, Rapeseed 217 195 215 219 219

5,279 Meal, Soybean 4,334 4,117 4,725 5,180 5,060

1,407 Other 1,406 1,544 1,622 1,525 1,550

7,063 Total 6,037 5,964 6,662 7,024 6,929

none

Imports none

2,362 Oil, Palm 2,127 2,310 2,577 2,522 2,522

54 Oil, Rapeseed 60 79 86 89 89

641 Oil, Soybean 498 404 376 418 433

1,916 Oil, Sunflowerseed 1,760 1,661 2,233 1,989 1,989

174 Other 453 158 174 187 181

5,147 Total 4,898 4,612 5,446 5,205 5,214

none


180 Oil, Palm 185 185 180 180 180

35 Oil, Rapeseed 35 30 30 30 30

81 Oil, Soybean 137 127 129 120 120


52 Other 69 58 70 64 64

378 Total 446 420 429 414 414

none


1,793 Oil, Palm 1,507 1,815 1,911 2,001 2,031

322 Oil, Rapeseed 404 398 358 386 386

838 Oil, Soybean 916 972 974 1,050 1,027


628 Other 845 629 627 680 670

5,416 Total 5,643 5,908 6,208 6,459 6,476

none


1,973 Oil, Palm 1,692 2,000 2,091 2,181 2,211

357 Oil, Rapeseed 439 428 388 416 416

974 Oil, Soybean 1,131 1,179 1,158 1,220 1,197


687 Other 921 693 707 750 744

5,876 Total 6,184 6,424 6,712 6,939 6,960

Middle East includes Bahrain, Gaza Strip, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey,

United Arab Emirates, West Banks, and Yemen.



Table 26: European Union Oilseeds and Products Supply and Distribution


2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

none

Production none

21,306 Oilseed, Rapeseed 24,587 21,997 20,543 22,000 22,100

1,211 Oilseed, Soybean 1,832 2,320 2,379 2,480 2,480


479 Other 520 405 416 473 485

32,050 Total 35,913 32,443 31,911 33,453 33,765

none


597 Meal, Fish 529 581 555 610 620

13,700 Meal, Rapeseed 14,300 13,900 14,000 14,000 14,050

28,142 Meal, Soybean 30,242 30,942 30,242 30,642 30,542

9,532 Other 9,369 9,281 9,952 10,031 9,999

51,971 Total 54,440 54,704 54,749 55,283 55,211

none

SME none

863 Meal, Fish 764 840 802 881 896

9,748 Meal, Rapeseed 10,174 9,890 9,961 9,961 9,997

28,142 Meal, Soybean 30,242 30,942 30,242 30,642 30,542

7,652 Other 7,499 7,456 8,211 8,223 8,249

46,404 Total 48,679 49,128 49,216 49,707 49,684

none

Imports none

372 Meal, Fish 279 284 230 300 300

457 Meal, Rapeseed 453 409 219 300 300

18,137 Meal, Soybean 19,623 19,214 18,900 19,500 19,400

5,656 Other 5,469 5,502 5,706 6,005 5,805

24,622 Total 25,824 25,409 25,055 26,105 25,805

none


3,100 Oil, Palm 3,400 3,400 3,300 3,300 3,300

6,865 Oil, Rapeseed 7,095 7,200 7,100 7,100 7,050

940 Oil, Soybean 990 930 850 800 800


480 Other 515 475 475 475 475

11,695 Total 12,310 12,425 12,125 12,075 12,025

none


3,250 Oil, Palm 3,320 3,100 2,900 2,850 2,850

2,900 Oil, Rapeseed 3,250 2,850 3,100 3,030 3,200

1,000 Oil, Soybean 1,000 1,300 1,300 1,300 1,300


2,571 Other 2,317 2,358 2,204 2,356 2,167

13,121 Total 13,237 13,408 13,554 13,686 13,717

none


6,600 Oil, Palm 6,920 6,700 6,400 6,350 6,350

9,815 Oil, Rapeseed 10,395 10,100 10,250 10,180 10,300

1,990 Oil, Soybean 2,040 2,285 2,205 2,155 2,155


3,076 Other 2,854 2,848 2,694 2,846 2,657

25,201 Total 25,879 26,163 26,009 26,091 26,072

none

Imports none

6,969 Oil, Palm 6,935 6,649 6,500 6,500 6,500

303 Oil, Rapeseed 261 207 153 150 150

329 Oil, Soybean 253 325 285 250 250

1,039 Oil, Sunflowerseed 829 1,430 1,640 1,650 1,600

1,341 Other 1,603 1,373 1,339 1,326 1,371

9,981 Total 9,881 9,984 9,917 9,876 9,871

European Union includes Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France,

Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania,

Slovakia, Slovenia, Spain, Sweden, and United Kingdom.


Table 27: China Oilseeds and Products Supply and Distribution


2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

none

Production none

16,972 Oilseed, Peanut 16,482 16,440 17,000 17,500 17,500


11,951 Oilseed, Soybean 12,154 11,785 12,900 14,200 14,200


12,835 Other 11,757 8,600 8,800 9,600 9,800

58,640 Total 57,657 54,454 55,000 57,250 57,450

none


1,599 Meal, Fish 1,474 1,439 1,831 1,435 1,435

11,287 Meal, Rapeseed 11,032 11,254 10,801 10,945 11,064

52,534 Meal, Soybean 57,467 62,663 68,646 73,078 73,870

9,360 Other 8,761 7,912 8,370 8,685 8,803

74,780 Total 78,734 83,268 89,648 94,143 95,172

none

SME none

2,311 Meal, Fish 2,130 2,079 2,646 2,074 2,074

8,031 Meal, Rapeseed 7,849 8,007 7,685 7,787 7,872

52,534 Meal, Soybean 57,467 62,663 68,646 73,078 73,870

8,491 Other 7,996 7,433 7,810 8,164 8,256

71,367 Total 75,442 80,183 86,787 91,103 92,072

none

Imports none

1,041 Meal, Fish 1,031 1,042 1,400 1,000 1,000

314 Meal, Rapeseed 142 359 875 700 700

20 Meal, Soybean 58 24 61 30 30

747 Other 553 403 657 500 510

2,122 Total 1,784 1,828 2,993 2,230 2,240

none


3,600 Oil, Palm 3,750 2,750 2,600 2,800 2,600

2,851 Oil, Peanut 2,819 2,919 2,967 3,085 3,085

7,400 Oil, Rapeseed 7,750 8,350 8,500 8,100 8,100

13,650 Oil, Soybean 14,200 15,350 16,350 17,200 17,400


1,662 Other 1,563 1,272 1,297 1,385 1,426

30,173 Total 31,080 32,020 32,993 34,012 34,003

none


5,700 Oil, Palm 5,700 4,850 4,750 4,900 4,800

2,851 Oil, Peanut 2,819 2,919 2,967 3,085 3,085

7,400 Oil, Rapeseed 7,750 8,350 8,500 8,100 8,100

13,650 Oil, Soybean 14,200 15,350 16,350 17,200 17,400


2,157 Other 2,141 1,832 1,892 1,935 1,976

32,768 Total 33,608 34,680 35,738 36,662 36,753

none

Imports none

5,573 Oil, Palm 5,696 4,689 4,881 4,900 4,800

74 Oil, Peanut 141 113 111 130 130

902 Oil, Rapeseed 732 768 802 750 750

1,353 Oil, Soybean 773 586 711 500 500


671 Other 751 737 774 720 725

9,104 Total 8,627 7,771 8,004 7,850 7,705



Table 28: India Oilseeds and Products Supply and Distribution


2013/14 2014/15 2015/16 2016/17

Oct

2017/18

Nov

2017/18

none

Production none

12,950 Oilseed, Cottonseed 12,525 10,996 11,463 12,736 12,736

6,482 Oilseed, Peanut 4,855 4,470 6,700 5,500 6,500


9,477 Oilseed, Soybean 8,711 6,929 11,500 10,000 10,000

580 Oilseed, Sunflowerseed 383 320 275 255 255

725 Other 730 735 735 770 770

36,864 Total 32,284 29,370 37,764 36,461 37,461

none


4,230 Meal, Cottonseed 4,264 3,962 3,739 4,265 4,265

1,630 Meal, Peanut 1,242 1,107 1,567 1,417 1,507

2,115 Meal, Rapeseed 1,600 2,600 2,935 3,285 3,285

3,640 Meal, Soybean 4,500 4,630 5,000 5,450 5,450

271 Meal, Sunflowerseed 184 315 412 350 350

304 Other 376 435 450 410 410

12,190 Total 12,166 13,049 14,103 15,177 15,267

none

SME none

3,428 Meal, Cottonseed 3,455 3,210 3,030 3,456 3,456

1,832 Meal, Peanut 1,396 1,244 1,761 1,593 1,694

1,505 Meal, Rapeseed 1,138 1,850 2,088 2,337 2,337

3,640 Meal, Soybean 4,500 4,630 5,000 5,450 5,450

256 Meal, Sunflowerseed 174 297 389 330 330

136 Other 169 194 201 182 182

10,797 Total 10,832 11,426 12,469 13,349 13,450

none


1,250 Oil, Cottonseed 1,250 1,230 1,120 1,265 1,265

8,052 Oil, Palm 8,750 8,600 8,850 8,900 9,200

1,237 Oil, Peanut 1,040 864 1,150 1,100 1,235

2,300 Oil, Rapeseed 2,000 2,200 2,460 2,620 2,620

3,300 Oil, Soybean 4,100 5,300 5,300 5,550 5,600


345 Other 380 265 228 241 241

17,984 Total 19,220 20,124 21,128 21,576 22,061

none


1,295 Oil, Cottonseed 1,295 1,275 1,165 1,310 1,310

8,302 Oil, Palm 9,150 9,100 9,400 9,500 9,800

1,247 Oil, Peanut 1,050 874 1,160 1,110 1,245

2,370 Oil, Rapeseed 2,080 2,280 2,545 2,705 2,705

3,300 Oil, Soybean 4,100 5,300 5,300 5,550 5,600


643 Other 672 553 497 501 526

18,657 Total 20,047 21,047 22,087 22,576 23,086

none

Imports none

0 Oil, Cottonseed 0 0 0 0 0

7,820 Oil, Palm 9,139 8,860 9,150 9,400 9,500

0 Oil, Peanut 0 0 0 0 0

155 Oil, Rapeseed 383 383 345 430 430

1,804 Oil, Soybean 2,815 4,269 3,400 4,100 4,100


202 Other 224 106 90 65 90

11,497 Total 14,136 15,110 14,985 15,695 15,820



Year Rapeseed CopraBeg U.S. U.S. Brz Arg Rott U.S. Rott U.S. Rott Hamb RottOct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/

Oct - Sep Average06/07-15/16 404 415 442 442 478 513 1475 486 513 500 760

2006/07 254 264 279 279 335 394 1,128 343 401 375 5372007/08 414 452 472 469 550 458 1,688 532 745 644 8672008/09 368 365 403 392 421 517 1,204 461 364 393 4872009/10 354 357 390 395 429 467 1,209 342 452 419 6132010/11 454 482 508 511 549 508 1,792 591 661 647 11882011/12 488 505 549 533 562 729 2,480 632 593 616 8292012/13 530 537 538 543 592 635 1,391 546 580 579 5702013/14 482 487 514 517 542 524 1,300 480 466 505 8542014/15 362 356 388 401 407 482 1,294 506 432 417 7492015/16 339 346 382 375 396 419 1,260 433 440 409 907

2016/17 Oct 342 348 413 386 403 421 1,550 375 413 431 964 Nov 348 358 395 386 412 410 1,600 362 423 431 1,021 Dec 354 367 396 388 420 408 1,600 379 420 439 1,127 Jan 357 371 402 392 425 430 1,650 379 416 446 1225 Feb 362 369 401 397 427 437 1,650 388 415 448 1146 Mar 356 354 381 374 404 448 1,650 384 410 440 1016 Apr 342 336 358 352 389 437 1,650 395 400 431 1044 May 340 340 367 360 388 428 1,650 381 403 432 1113 Jun 334 330 360 355 380 434 1,450 388 396 404 1119 Jul 346 356 388 378 408 452 1,450 395 399 417 1059 Aug 340 337 378 368 390 437 1,405 421 397 427 1062 Sep 344 343 384 378 397 507 1,344 384 399 433 1015 Average 347 351 385 376 404 437 1,554 386 408 432 1,076

2017/18 *Oct N/A 343 386 378 399 N/A 1,275 N/A 390 430 989 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Average N/A 343 386 378 399 N/A 1,275 N/A 390 430 989

7/ Rotterdam CIF; US Runners 40/50%, Shelled Basis, Oilworld. 8/ US Farm Price; USDA9/ Rotterdam/Amsterdam CIF; EU; Oil World 10/Hamburg CIF; Europe "00"; Oil World.

* Preliminary Sept/Oct/Nov Shipment 11/9/2017 2:06:32 PM

3/ Brazil Paranagua, FOB; IGC 4/ Argentina Up River, FOB; IGC5/ Rotterdam CIF; US origin; Oil World. 6/ US Farm Price, Inshell, USDA.

11/ Phil/Indo CIF NW Europe; Oil World

Table 29: Oilseed Prices U.S. Dollars per Metric Ton

Soybean Peanut Sunseed

1/ U.S. Farm Price; USDA. 2/ U.S. NO.1 Yellow Cash Central Illinois; AMS.


Year FishBeg U.S. Brz Arg Hamb U.S. Ukr BremOct 1 1/ 2/ 3/ 4/ 6/ 7/ 8/

Oct - Sep Average06/07-15/16 394 372 366 424 208 253 1479

2006/07 226 199 181 276 116 178 12202007/08 370 337 299 469 191 298 11462008/09 365 333 290 401 168 178 11032009/10 343 327 311 391 167 222 16682010/11 381 383 386 418 242 254 16072011/12 434 442 442 461 272 263 1,4482012/13 516 489 506 538 266 318 1,7912013/14 540 500 509 533 263 315 1,6602014/15 406 376 386 403 231 269 1,6322015/16 358 335 349 351 169 233 1,517

2016/17 Oct 356 335 334 340 164 194 1,497 Nov 355 328 338 343 155 193 1,463 Dec 354 321 329 345 160 184 1,423 Jan 366 342 354 355 175 174 1,386 Feb 369 342 355 357 178 177 1,353 Mar 353 323 336 346 171 175 1,304 Apr 337 307 314 331 163 169 1,296 May 339 312 315 329 159 173 1,331 Jun 331 300 303 313 154 173 1,333 Jul 359 324 320 326 144 174 1,354 Aug 332 306 306 318 148 177 1,380 Sep 339 318 312 329 148 174 1,402 Average 349 322 326 336 160 178 1,377

2017/18 *Oct 347 326 320 337 169 169 1,378 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Average 347 326 320 337 169 169 1,378

1/ Decatur, Average Wholsale 48% Protein; USDA. 2/ Brazil Paranagua, FOB; 48% Protein; IGC.3/ Argentina Pellets, Up River, FOB; IGC; 4/ Hamburg FOB 44/45% Ex-Mill; Oil World.5/ Memphis FOB; 41% Protein Solvent Extraction; USDA; 6/ Minneapolis FOB; 32% Protein; USDA.7/ HiPro a.o. cif France or Ukraine DAF; Argentina Pellet 37-38% (Prior to Aug 2012); Oilworld.8/ Bremen 64-65% Protein; Oil World. 9/ Hamburg FOB; Ex-Mill 34% Protein; Oil World.* Preliminary

208

11/9/2017 2:06:32 PM

208

221217211225

238239238238

217210216239

323269

213

232

221278295353

252

RapeseedHamb

9/

265

184298195

236230

252

198198221219

246245232215

335

267244240

303366416

288

280281244302

U.S.5/

298

166

Table 30: Protein Meal Prices U.S. Dollars per Metric Ton

Soybean SunseedCottonseed


Year Cottonseed Palm Canola Coconut CornBegin U.S. Brz Arg Rott U.S. U.S. Rott U.S. Rott Malay Rott Rott U.S.Oct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/ 12/ 13/

Oct - Sep Average06/07-15/16 889 911 909 1,000 1,092 1,479 1,075 1,635 1,619 817 1,034 1,142 998

2006/07 684 673 667 771 787 1,279 846 1,253 1,219 655 852 812 7012007/08 1,147 1,190 1,191 1,327 1,622 2,010 1,639 2,225 2,018 1,058 1,410 1,306 1,5292008/09 709 740 741 826 820 1,108 837 1,539 1,339 633 868 735 7222009/10 793 848 829 924 888 1,164 956 1,353 1,291 793 927 921 8662010/11 1,173 1,210 1,211 1,306 1,202 1,899 1,404 1,806 1,751 1,154 1,367 1,772 1,3312011/12 1,144 1,162 1,164 1,241 1,173 1,834 1,254 2,247 2,455 1,032 1,258 1,244 1,2362012/13 1,039 1,012 1,014 1,098 1,071 1,452 1,189 1,934 1,963 791 1,127 858 1,0292013/14 843 871 870 950 1,337 1,304 929 1,430 1,355 803 954 1,278 8692014/15 697 706 705 778 1,009 1,471 850 1,265 1,354 626 782 1,128 8272015/16 658 704 698 774 1,011 1,275 849 1,294 1,443 628 798 1,362 865

2016/17 Oct 746 797 782 858 989 1,235 830 1,430 1,575 677 896 1,463 799 Nov 761 803 796 880 1,010 1,235 830 1,455 1,525 708 899 1,538 812 Dec 784 826 841 907 1,023 1,235 844 1,391 1,504 745 918 1,699 840 Jan 740 798 812 872 982 1,235 817 1,386 1,520 759 917 1,815 835 Feb 705 761 762 835 915 1,213 808 1,392 1,545 740 878 1,703 840 Mar 680 734 712 812 870 1,146 783 1,451 1,578 713 850 1,549 836 Apr 652 704 699 791 828 1,124 784 1,536 1,558 681 824 1,580 830 May 675 734 734 827 852 1,113 797 1,560 1,550 698 844 1,687 831 Jun 678 739 741 827 851 1,120 780 1,680 1,518 670 813 1,697 838 Jul 724 747 744 835 857 1,130 793 1,670 1,498 658 843 1,591 827 Aug 731 760 758 855 802 1,163 806 1,535 1,478 651 875 1,604 810 Sep 734 779 779 882 848 1,217 810 1,468 1,433 690 889 1,525 804 Average 718 765 763 848 902 1,181 807 1,496 1,524 699 871 1,621 825

2017/18 *Oct 779 770 775 867 817 1,235 788 1,443 1,410 681 889 1,485 771 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Average 779 770 775 867 817 1,235 788 1,443 1,410 681 889 1,485 7711/ Decatur; Average Wholesale Tank Crude; USDA. 2/ Brazil Paranagua, FOB Crude; IGC.3/ Argentina Up River, FOB Crude; IGC 4/ Dutch FOB; Ex-Mill; Oil World. 5/ PBSY Greenwood MS; USDA. 6/ Minneapolis FOB; USDA. 7/ EU FOB NW Euro; Oil World. 8/ South East Mills FOB; Tank Cars Crude; USDA. 9/ Rotterdam CIF; Any Origin; Oil World. 10/ Malaysia FOB; RBD; Oil World. 11/ Rotterdam, Dutch FOBEx-Mill; Oilworld. 12/ Rotterdam CIF; Phil/Indo; Oil World. 13/ Chicago; Crude; AMS * Preliminary

Table 31: Vegetable Oil Prices U.S. Dollars per Metric Ton

11/9/2017 2:06:32 PM

Soybean Sunseed Peanut


2017/18 olive oil export forecast rises with slight growth...

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