China’s Rising Soybean Oil Production Reduces Reliance on Imports · 2018. 9. 13. · November...

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

Circular Series FOP 11 - 11 November 2011

China’s Rising Soybean Oil Production Reduces Reliance on Imports

High prices and strong demand have stimulated China’s soybean oil production, significantly reducing its reliance on imports. In fact, imports as a percent of consumption dropped from nearly 30 percent to only 10 percent in just 4 years. While imports are still needed to satisfy growing demand, the rise in production reflects changing market dynamics. Growing market demand for meal and the release of soybeans from reserves at favorable prices have stimulated crush, producing more oil. However, it is unlikely that future needs can entirely be met from crush, unless additional domestic or foreign markets are found to absorb the excess concurrently-produced meal. A forecast decline in China’s soybean oil imports will have little impact on global markets as key exporting countries (United States, Argentina, and Brazil) are diverting more oil for use in biodiesel production.

OVERVIEW Global soybean trade is lowered this month due to reduced exports by the United States and Argentina. Global production is up as larger crops in Brazil and Paraguay more than offset reductions in the United States and Argentina. World demand for soybean meal is slightly up, while oil is down. U.S. season average price is lowered, but remains a record. SOYBEAN PRICES U.S. export bids, FOB Gulf, in October fell $40 from the previous month, averaging $471 per ton, the lowest since October last year. The sharp decline was largely due to slow export demand from China and fears over the global economy related to the EU debt crisis. As of the week-ending October 27, U.S. soybean commitments (outstanding sales plus accumulated exports) to China totaled 12.9 million tons, compared to 17.6 million a year ago. Total commitments to the world are 18.5 million tons compared to 28.9 million for the same period last year. 2011/12 TRADE OUTLOOK U.S. soybean exports are cut 1.4 million tons to 36.1 million on slow sales to traditional markets

during the peak shipping season.

Argentina’s soybean exports are slashed 1.0 million tons to 10.8 million on reduced exportable supplies.

Brazil’s soybean exports are raised 1.5 million tons to 38.0 million supported by larger

exportable supplies.

Japan’s soybean imports are cut 250,000 tons to 3.0 million on expectations of declining demand for crush.

China’s palm oil imports are lowered 350,000 tons to 6.3 million as the previous year’s imports

were much smaller-than-expected.

Table 1: Major Oilseeds: World Supply and Distribution (Commodity View)

Million Metric Tons

2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

none

Production none

5.72 Oilseed, Copra 5.88 5.88 5.89 5.84 5.84

45.78 Oilseed, Cottonseed 41.08 39.01 43.47 46.80 46.78

11.03 Oilseed, Palm Kernel 11.74 12.22 12.77 13.36 13.35

32.59 Oilseed, Peanut 34.75 33.36 35.54 34.58 34.59

48.50 Oilseed, Rapeseed 57.81 60.97 60.16 58.58 58.88

220.47 Oilseed, Soybean 211.96 260.85 264.18 258.60 258.91

27.17 Oilseed, Sunflowerseed 33.25 30.39 31.13 35.71 36.45

391.26 Total 396.47 442.68 453.14 453.46 454.79

none

Imports none

0.11 Oilseed, Copra 0.11 0.10 0.10 0.10 0.10



2.03 Oilseed, Peanut 1.88 1.95 1.96 1.97 1.97


78.27 Oilseed, Soybean 77.33 86.80 88.68 94.56 94.21


90.11 Total 93.86 101.68 103.44 109.94 109.61

none

Exports none

0.13 Oilseed, Copra 0.13 0.12 0.12 0.12 0.12



2.44 Oilseed, Peanut 2.42 2.39 2.37 2.37 2.37


78.78 Oilseed, Soybean 76.84 92.60 92.41 97.66 96.90


91.83 Total 94.16 108.07 107.76 114.07 113.31

none

Crush none

5.66 Oilseed, Copra 5.64 5.81 5.91 5.82 5.82



15.10 Oilseed, Peanut 15.62 14.59 16.02 15.49 15.49


202.86 Oilseed, Soybean 193.34 209.50 221.11 231.36 230.67


339.80 Total 338.88 357.48 375.25 389.27 389.05

none

Ending Stocks none

0.11 Oilseed, Copra 0.29 0.31 0.24 0.22 0.22



1.10 Oilseed, Peanut 1.52 1.29 1.14 1.00 1.01


51.55 Oilseed, Soybean 42.57 59.41 68.37 63.01 63.56


60.35 Total 54.97 71.21 78.93 73.02 73.90

Totals may not add due to rounding

November 2011

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

Million Metric Tons

2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

none

Production none

1.87 Meal, Copra 1.87 1.92 1.95 1.96 1.96

15.58 Meal, Cottonseed 14.27 13.85 14.91 16.03 16.03

5.24 Meal, Fish 5.10 4.31 4.62 4.93 4.93

5.83 Meal, Palm Kernel 6.12 6.53 6.70 6.72 6.75

5.89 Meal, Peanut 6.09 5.66 6.24 6.04 6.04

27.59 Meal, Rapeseed 30.81 33.59 34.88 34.09 34.09

159.22 Meal, Soybean 151.95 165.25 174.59 182.50 182.38

10.60 Meal, Sunflowerseed 12.78 12.57 12.53 13.60 13.85

231.81 Total 229.00 243.68 256.43 265.86 266.01

none

Imports none

0.72 Meal, Copra 0.64 0.80 0.69 0.75 0.75

0.43 Meal, Cottonseed 0.38 0.37 0.50 0.38 0.38

3.03 Meal, Fish 3.11 2.62 2.59 2.78 2.78

4.21 Meal, Palm Kernel 4.10 4.16 4.42 4.46 4.46

0.14 Meal, Peanut 0.06 0.11 0.11 0.05 0.05

3.56 Meal, Rapeseed 3.59 3.70 5.06 4.43 4.52

55.01 Meal, Soybean 51.25 53.02 56.16 57.65 57.75


69.88 Total 67.02 68.28 73.41 74.84 74.98

none

Exports none

0.85 Meal, Copra 0.52 1.07 0.78 0.81 0.81

0.43 Meal, Cottonseed 0.40 0.37 0.39 0.41 0.39

2.84 Meal, Fish 2.95 2.26 2.52 2.74 2.74

4.40 Meal, Palm Kernel 4.66 4.95 5.20 5.38 5.38

0.18 Meal, Peanut 0.09 0.13 0.13 0.10 0.10

3.69 Meal, Rapeseed 3.59 3.53 5.12 4.87 4.87

56.61 Meal, Soybean 52.79 55.56 58.30 60.40 60.64


72.29 Total 69.31 72.00 76.90 79.49 79.80

none

Domestic Consumption none

1.68 Meal, Copra 1.84 1.94 1.87 1.89 1.89

15.63 Meal, Cottonseed 14.30 13.79 15.03 16.00 16.05

5.40 Meal, Fish 5.36 4.71 4.74 4.98 4.98

5.67 Meal, Palm Kernel 5.66 5.71 5.92 5.81 5.85

5.85 Meal, Peanut 6.01 5.67 6.23 5.98 5.98

27.44 Meal, Rapeseed 30.84 33.64 34.78 33.70 33.80

157.05 Meal, Soybean 152.42 161.01 170.72 179.24 178.93


228.76 Total 228.48 238.51 251.23 260.49 260.46

none

Ending Stocks none

0.19 Meal, Copra 0.33 0.05 0.04 0.05 0.05

0.15 Meal, Cottonseed 0.11 0.16 0.16 0.13 0.13

0.34 Meal, Fish 0.23 0.20 0.17 0.17 0.17

0.24 Meal, Palm Kernel 0.16 0.19 0.20 0.18 0.18

0.02 Meal, Peanut 0.07 0.05 0.04 0.04 0.03

0.27 Meal, Rapeseed 0.25 0.37 0.41 0.36 0.36

6.78 Meal, Soybean 4.77 6.46 8.19 8.01 8.75


8.27 Total 6.50 7.95 9.66 9.69 10.39


November 2011

Table 3: Major Vegetable Oils: World Supply and Distribution (Commodity View)

Million Metric Tons

2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

none

Production none

3.53 Oil, Coconut 3.53 3.62 3.68 3.68 3.68

5.21 Oil, Cottonseed 4.77 4.62 4.99 5.35 5.35

2.78 Oil, Olive 2.78 3.05 3.01 3.02 3.02

41.08 Oil, Palm 43.99 45.86 47.93 50.28 50.57

4.88 Oil, Palm Kernel 5.17 5.50 5.66 5.66 5.70

4.86 Oil, Peanut 5.02 4.67 5.15 4.97 4.97

18.43 Oil, Rapeseed 20.49 22.34 23.29 22.72 22.72

37.83 Oil, Soybean 35.91 38.87 41.29 43.11 43.07

10.03 Oil, Sunflowerseed 12.00 11.70 11.65 12.83 13.00

128.62 Total 133.67 140.23 146.65 151.61 152.07

none

Imports none

1.90 Oil, Coconut 1.65 2.28 1.95 2.09 1.99

0.08 Oil, Cottonseed 0.06 0.07 0.05 0.05 0.05

0.58 Oil, Olive 0.57 0.53 0.57 0.58 0.58

30.29 Oil, Palm 33.66 34.76 35.35 38.01 37.83

2.10 Oil, Palm Kernel 2.33 2.34 2.39 2.57 2.52

0.15 Oil, Peanut 0.14 0.19 0.20 0.16 0.16

2.02 Oil, Rapeseed 2.43 2.93 3.21 3.38 3.45

10.41 Oil, Soybean 8.93 8.64 9.03 8.74 8.44


50.27 Total 53.76 55.57 56.60 60.41 59.85

none

Exports none

1.93 Oil, Coconut 1.48 2.17 1.89 1.88 1.88

0.16 Oil, Cottonseed 0.15 0.10 0.15 0.15 0.15

0.68 Oil, Olive 0.65 0.70 0.76 0.63 0.63

32.31 Oil, Palm 34.80 35.64 36.27 38.93 38.87

2.32 Oil, Palm Kernel 2.60 2.91 3.08 3.21 3.21

0.16 Oil, Peanut 0.20 0.19 0.17 0.19 0.19

1.90 Oil, Rapeseed 2.43 2.74 3.48 3.36 3.34

10.99 Oil, Soybean 9.18 9.13 9.47 9.28 8.87


53.93 Total 56.04 58.13 59.81 62.97 62.47

none


3.43 Oil, Coconut 3.39 3.88 3.83 3.96 3.86

5.12 Oil, Cottonseed 4.76 4.63 4.83 5.23 5.23

2.88 Oil, Olive 2.95 2.99 3.02 3.03 3.03

39.32 Oil, Palm 42.11 44.49 47.07 49.79 49.47

4.55 Oil, Palm Kernel 4.91 4.92 5.05 5.05 4.99

4.78 Oil, Peanut 4.89 4.83 5.13 4.99 4.99

18.24 Oil, Rapeseed 20.14 22.44 23.23 22.74 22.88

37.73 Oil, Soybean 35.99 38.29 41.00 43.01 43.14


125.11 Total 129.78 137.71 144.32 149.98 149.89

none

Ending Stocks none

0.44 Oil, Coconut 0.75 0.59 0.50 0.40 0.42

0.28 Oil, Cottonseed 0.20 0.16 0.22 0.24 0.24

0.88 Oil, Olive 0.63 0.53 0.33 0.30 0.27

4.14 Oil, Palm 4.89 5.38 5.32 4.36 5.39

0.62 Oil, Palm Kernel 0.62 0.63 0.56 0.54 0.58

0.15 Oil, Peanut 0.23 0.07 0.11 0.07 0.07

0.77 Oil, Rapeseed 1.13 1.22 1.01 1.02 0.97

3.29 Oil, Soybean 2.97 3.06 2.91 2.58 2.41


11.51 Total 13.12 13.09 12.20 10.78 11.76


November 2011

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

Million Metric Tons

2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

Production none

82.45 United States 89.20 98.90 100.38 91.62 91.15

64.25 Brazil 60.31 71.42 79.28 77.30 78.80

52.75 China 58.12 57.84 57.69 57.43 57.43

51.89 Argentina 35.51 57.94 53.74 57.59 56.68

33.95 India 33.40 32.37 34.85 35.74 35.74

105.96 Other 119.94 124.21 127.21 133.79 135.00

391.26 Total 396.47 442.68 453.14 453.46 454.79

Imports none

38.64 China 44.14 52.54 53.60 57.56 57.61

17.03 EU-27 18.03 15.65 16.66 16.76 16.73

6.52 Japan 5.74 5.91 5.47 5.77 5.52

5.32 Mexico 4.73 5.20 5.16 5.16 5.16

2.16 Taiwan 2.22 2.47 2.41 2.61 2.61

2.14 Turkey 1.68 2.80 2.09 2.50 2.50

1.82 Thailand 1.56 1.73 2.20 2.07 2.07

1.40 Indonesia 1.63 1.89 1.96 1.98 1.98

1.08 Egypt 1.60 1.68 1.70 1.80 1.80

1.38 Korea, South 1.30 1.35 1.40 1.44 1.44

12.64 Other 11.23 10.46 10.81 12.30 12.20

90.11 Total 93.86 101.68 103.44 109.94 109.61

Exports none

25.44 Brazil 30.14 28.65 30.07 36.62 38.12

33.05 United States 35.69 41.69 41.83 38.19 36.83

14.40 Argentina 6.31 13.82 9.92 12.57 11.57

7.67 Canada 10.00 9.47 9.99 9.48 9.48

4.73 Paraguay 2.28 5.38 6.43 5.76 5.86

1.17 Ukraine 3.68 2.41 2.86 3.60 3.60

0.50 Australia 1.21 1.37 1.76 2.21 2.21

4.87 Other 4.84 5.28 4.89 5.65 5.65

91.83 Total 94.16 108.07 107.76 114.07 113.31

Crush none

68.47 China 73.12 81.41 87.31 93.20 93.25

53.50 United States 49.34 51.49 49.34 48.61 48.61

39.31 Argentina 35.01 37.35 41.57 43.66 43.22

38.05 EU-27 39.51 41.62 41.33 40.81 40.91

34.70 Brazil 34.09 35.95 38.87 39.66 39.66

27.79 India 26.13 25.25 29.55 29.57 29.57

6.71 Russia 8.30 8.69 7.83 10.72 10.62

6.20 Indonesia 6.70 7.57 7.82 8.15 8.15

5.53 Canada 5.57 6.08 7.64 7.70 7.70

4.70 Ukraine 6.96 6.83 7.07 7.35 7.55

5.64 Mexico 5.10 5.47 5.58 5.64 5.72

4.65 Pakistan 4.84 5.23 5.27 5.66 5.66

4.97 Malaysia 4.91 4.97 5.06 5.06 5.14

5.17 Japan 4.73 4.65 4.45 4.52 4.35

2.99 Turkey 2.58 2.76 3.05 3.34 3.34

31.45 Other 32.00 32.18 33.54 35.64 35.62

339.80 Total 338.88 357.48 375.25 389.27 389.05

Ending Stocks none

23.59 Argentina 17.47 22.59 23.15 24.35 23.32

19.11 Brazil 12.16 15.90 22.48 19.64 19.64

2.75 China 8.95 15.37 15.98 13.58 13.93

6.91 United States 5.62 5.55 7.30 5.39 6.36

1.96 EU-27 3.13 2.54 2.55 2.19 2.81

6.03 Other 7.65 9.26 7.47 7.88 7.84

60.35 Total 54.97 71.21 78.93 73.02 73.90

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

November 2011

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

Million Metric Tons

2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

Production none

46.09 China 49.13 55.67 60.38 64.91 64.93

40.87 United States 37.72 40.08 38.07 37.56 37.56

29.06 Argentina 25.97 28.05 31.08 32.76 32.44

26.15 Brazil 25.78 27.22 29.40 29.80 30.23

25.35 EU-27 25.75 26.91 26.74 26.41 26.47

64.28 Other 64.64 65.76 70.76 74.42 74.38

231.81 Total 229.00 243.68 256.43 265.86 266.01

Imports none

28.98 EU-27 26.75 25.29 27.15 28.39 28.39

2.63 Indonesia 2.56 2.66 3.15 3.18 3.28

3.32 Korea, South 3.18 3.32 3.14 3.23 3.23

2.29 Thailand 2.59 2.93 2.78 3.03 3.03

2.11 Japan 2.23 2.51 2.50 2.61 2.61

1.96 China 1.81 2.16 2.87 2.46 2.46

2.53 Vietnam 2.85 3.04 2.67 2.28 2.28

26.05 Other 25.06 26.37 29.14 29.66 29.70

69.88 Total 67.02 68.28 73.41 74.84 74.98

Exports none

27.90 Argentina 24.75 25.55 28.33 30.83 30.45

12.15 Brazil 13.11 12.99 13.99 14.35 14.75

8.71 United States 7.94 10.30 8.50 7.96 8.19

6.60 India 4.63 3.98 6.03 5.34 5.34

2.44 Indonesia 2.68 2.87 3.13 3.21 3.21

1.99 Canada 1.95 2.06 3.15 3.16 3.16

1.30 Ukraine 2.27 2.52 2.82 2.69 2.72

11.21 Other 11.97 11.72 10.96 11.96 11.99

72.29 Total 69.31 72.00 76.90 79.49 79.80


47.26 China 49.56 56.43 62.72 66.56 66.59

52.92 EU-27 52.22 51.51 52.60 53.61 53.63

34.20 United States 31.68 31.02 31.80 31.82 31.69

13.51 Brazil 13.50 13.93 14.95 15.50 15.50

9.49 India 10.31 10.68 11.55 12.18 12.18

5.91 Japan 5.83 5.85 5.76 5.95 5.77

5.58 Mexico 5.35 5.44 5.58 5.68 5.73

4.13 Thailand 4.26 4.64 4.67 5.03 5.03

3.24 Russia 3.38 3.72 3.99 4.37 4.31

4.03 Korea, South 3.93 4.09 3.89 3.93 3.93

48.48 Other 48.46 51.21 53.71 55.85 56.10

228.76 Total 228.48 238.51 251.23 260.49 260.46

SME none

45.36 China 47.31 53.61 59.88 63.89 63.91

48.54 EU-27 47.25 46.52 47.50 48.60 48.62

33.43 United States 30.98 30.48 30.95 31.00 30.84

13.29 Brazil 13.30 13.72 14.66 15.21 15.21

8.31 India 8.98 9.27 10.12 10.62 10.62

5.80 Japan 5.69 5.72 5.60 5.80 5.63

5.25 Mexico 5.04 5.08 5.23 5.32 5.37

55.89 Other 56.12 59.17 61.77 64.75 64.91

215.87 Total 214.67 223.57 235.72 245.19 245.09

Ending Stocks none

1.24 Argentina 0.99 1.94 3.06 3.25 3.35

2.60 Brazil 1.86 2.24 2.77 2.61 2.80

1.65 EU-27 0.98 0.71 0.85 0.75 1.18

0.33 United States 0.25 0.34 0.38 0.34 0.34

0.34 Japan 0.22 0.29 0.27 0.28 0.27

2.10 Other 2.21 2.43 2.34 2.47 2.45

8.27 Total 6.50 7.95 9.66 9.69 10.39

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

November 2011

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

Million Metric Tons

2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

Production none

20.98 Indonesia 23.69 25.59 27.30 29.10 29.10

19.73 Malaysia 19.43 19.94 20.44 20.62 20.96

14.69 China 16.11 17.88 18.99 19.98 19.99

14.49 EU-27 15.48 16.71 16.49 16.32 16.36

10.55 United States 9.67 10.07 9.79 9.61 9.61

8.49 Argentina 7.37 7.72 8.73 8.99 8.93

6.85 Brazil 6.78 7.14 7.74 7.86 7.96

32.85 Other 35.14 35.19 37.17 39.14 39.17

128.62 Total 133.67 140.23 146.65 151.61 152.07

Imports none

9.03 EU-27 9.24 8.90 8.65 9.69 9.69

8.76 China 9.77 9.00 8.39 10.03 9.33

5.91 India 8.79 9.07 8.58 9.14 9.14

3.11 United States 3.23 3.34 3.59 3.74 3.81

1.33 Malaysia 1.61 1.98 2.37 2.29 2.41

2.02 Pakistan 2.00 2.07 2.18 2.25 2.25

1.25 Egypt 1.75 1.90 2.10 2.16 2.16

1.13 Bangladesh 0.96 1.31 1.42 1.50 1.56

1.27 Iran 1.09 1.13 1.35 1.40 1.30

0.84 Turkey 0.83 0.62 0.85 0.84 0.84

15.63 Other 14.49 16.25 17.12 17.38 17.38

50.27 Total 53.76 55.57 56.60 60.41 59.85

Exports none

16.07 Indonesia 18.09 18.72 19.23 21.54 21.37

15.57 Malaysia 16.53 16.91 16.95 17.25 17.34

7.05 Argentina 5.64 5.10 5.55 6.14 5.84

1.35 Ukraine 2.16 2.69 2.67 2.70 2.70

1.36 Canada 1.57 1.86 2.52 2.41 2.41

2.44 Brazil 1.97 1.49 1.73 1.71 1.74

0.35 Russia 1.02 0.76 0.45 1.27 1.27

9.75 Other 9.05 10.62 10.72 9.95 9.81

53.93 Total 56.04 58.13 59.81 62.97 62.47


23.34 China 24.74 26.91 27.66 29.74 29.04

22.31 EU-27 23.29 24.45 24.58 24.70 24.74

12.99 India 14.51 15.29 16.27 17.06 17.06

12.25 United States 11.17 11.20 11.90 12.56 12.64

5.51 Indonesia 5.86 6.62 7.64 7.70 7.81

4.85 Brazil 5.23 6.13 6.49 6.66 6.74

4.99 Malaysia 5.00 5.06 5.49 5.67 5.64

2.97 Pakistan 3.15 3.23 3.38 3.52 3.52

1.46 Argentina 1.86 2.37 3.01 2.96 3.34

3.12 Russia 3.04 3.07 3.15 3.27 3.25

1.42 Egypt 1.72 1.87 2.15 2.29 2.29

2.01 Mexico 1.94 2.09 2.10 2.14 2.15

2.22 Japan 2.15 2.13 2.11 2.13 2.10

1.76 Nigeria 1.78 1.81 1.82 1.81 1.81

1.70 Turkey 1.66 1.66 1.71 1.79 1.79

22.21 Other 22.69 23.82 24.87 25.97 25.96

125.11 Total 129.78 137.71 144.32 149.98 149.89

Ending Stocks none

2.54 Malaysia 2.05 2.01 2.39 1.92 2.76

1.46 United States 1.74 1.99 1.61 1.38 1.33

2.07 EU-27 2.26 2.10 1.16 1.27 1.27

0.63 Indonesia 0.40 0.73 1.20 0.91 1.21

0.23 China 1.27 1.13 0.78 1.05 1.00

4.57 Other 5.41 5.13 5.07 4.26 4.19

11.51 Total 13.12 13.09 12.20 10.78 11.76

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

November 2011

Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

Production none

72,859 United States 80,749 91,417 90,606 83,272 82,887

61,000 Brazil 57,800 69,000 75,500 73,500 75,000

46,200 Argentina 32,000 54,500 49,000 53,000 52,000

13,400 China 15,540 14,980 15,100 14,000 14,000

9,470 India 9,100 9,700 9,800 10,600 10,600

6,900 Paraguay 4,000 7,200 8,300 7,500 7,600

2,696 Canada 3,336 3,507 4,345 3,900 3,900

7,944 Other 9,435 10,550 11,529 12,823 12,918

220,469 Total 211,960 260,854 264,180 258,595 258,905

Imports none

37,816 China 41,098 50,338 52,339 56,500 56,500

15,129 EU-27 13,213 12,429 12,900 12,600 12,600

3,614 Mexico 3,327 3,523 3,450 3,500 3,500

4,014 Japan 3,396 3,401 2,917 3,200 2,950

2,148 Taiwan 2,216 2,469 2,400 2,600 2,600

1,753 Thailand 1,510 1,660 2,139 2,000 2,000

1,061 Egypt 1,575 1,638 1,650 1,750 1,750

1,147 Indonesia 1,393 1,620 1,705 1,730 1,730

1,277 Turkey 1,007 1,860 1,100 1,400 1,400

120 Vietnam 184 230 700 1,400 1,400

10,192 Other 8,407 7,630 7,378 7,876 7,776

78,271 Total 77,326 86,798 88,678 94,556 94,206

Exports none

25,364 Brazil 29,987 28,578 29,951 36,500 38,000

31,538 United States 34,817 40,798 40,859 37,421 36,061

13,839 Argentina 5,590 13,088 9,205 11,800 10,800

4,585 Paraguay 2,234 5,350 6,385 5,700 5,800

1,753 Canada 2,017 2,247 2,946 2,580 2,580

1,697 Other 2,198 2,535 3,067 3,657 3,657

78,776 Total 76,843 92,596 92,413 97,658 96,898

Crush none

39,518 China 41,035 48,830 55,000 60,600 60,600

49,081 United States 45,230 47,673 44,851 44,497 44,497

34,607 Argentina 31,243 34,127 37,590 40,000 39,500

32,117 Brazil 31,868 33,700 35,800 36,475 36,475

14,870 EU-27 12,860 12,510 12,550 12,600 12,600

8,400 India 7,200 7,500 9,600 9,600 9,600

3,650 Mexico 3,465 3,600 3,600 3,570 3,650

1,051 Russia 1,497 1,950 2,170 2,640 2,540

1,965 Taiwan 1,917 2,150 2,125 2,300 2,300

2,890 Japan 2,497 2,370 2,070 2,190 2,020

1,514 Thailand 1,390 1,520 1,820 1,775 1,775

1,129 Egypt 1,545 1,635 1,644 1,750 1,750

2,100 Paraguay 1,700 1,700 1,650 1,650 1,650

1,160 Bolivia 1,435 1,480 1,450 1,450 1,450

1,383 Canada 1,286 1,292 1,337 1,300 1,300

7,422 Other 7,172 7,466 7,852 8,965 8,965

202,857 Total 193,340 209,503 221,109 231,362 230,672

Ending Stocks none

21,760 Argentina 16,588 22,277 22,875 23,580 22,925

18,898 Brazil 12,037 15,836 22,310 19,485 19,485

2,752 China 7,555 13,259 14,558 12,909 13,258

5,580 United States 3,761 4,106 5,842 4,351 5,315

709 EU-27 453 300 443 414 433

1,854 Other 2,176 3,627 2,340 2,271 2,139

51,553 Total 42,570 59,405 68,368 63,010 63,555

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 and Turkey is on an March/February MY.

November 2011

Table 08: Soybean Meal: World Supply and Distribution


2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

Production none

31,280 China 32,475 38,644 43,560 47,995 47,995

38,359 United States 35,473 37,836 35,608 35,230 35,230

27,071 Argentina 24,363 26,624 29,300 31,190 30,790

24,890 Brazil 24,700 26,120 27,900 28,250 28,680

11,715 EU-27 10,131 9,880 9,899 9,928 9,928

6,705 India 5,746 5,985 7,660 7,660 7,660

2,875 Mexico 2,730 2,835 2,835 2,812 2,875

16,324 Other 16,333 17,325 17,831 19,437 19,221

159,219 Total 151,951 165,249 174,593 182,502 182,379

Imports none

24,489 EU-27 20,993 20,730 22,000 23,000 23,000

2,429 Indonesia 2,339 2,507 2,975 3,000 3,100

1,935 Thailand 2,160 2,513 2,318 2,625 2,625

1,747 Japan 1,812 2,106 2,208 2,250 2,250

897 Iran 1,046 1,495 1,826 1,975 1,975

2,296 Vietnam 2,521 2,746 2,350 1,950 1,950

1,627 Philippines 1,577 1,600 1,850 1,850 1,850

1,760 Korea, South 1,813 1,737 1,658 1,730 1,730

1,401 Mexico 1,518 1,209 1,450 1,500 1,500

922 Malaysia 940 1,072 1,080 1,170 1,170

15,509 Other 14,529 15,300 16,445 16,599 16,599

55,012 Total 51,248 53,015 56,160 57,649 57,749

Exports none

26,816 Argentina 24,025 24,914 27,541 30,120 29,760

12,138 Brazil 13,109 12,985 13,987 14,350 14,750

8,384 United States 7,708 10,124 8,255 7,756 7,983

5,285 India 3,808 3,147 4,635 4,200 4,200

1,557 Paraguay 1,076 1,124 1,125 1,125 1,125

2,431 Other 3,068 3,264 2,761 2,844 2,824

56,611 Total 52,794 55,558 58,304 60,395 60,642


30,849 China 31,673 37,546 43,382 47,595 47,595

35,169 EU-27 31,579 30,138 31,308 32,279 32,279

30,148 United States 27,898 27,796 27,472 27,669 27,442

12,257 Brazil 12,418 12,835 13,445 13,950 13,950

4,300 Mexico 4,220 4,095 4,250 4,300 4,350

3,250 Thailand 3,200 3,663 3,653 4,045 4,045

3,945 Japan 3,846 3,865 3,804 3,976 3,800

1,450 India 1,950 2,745 3,105 3,440 3,440

2,370 Indonesia 2,383 2,527 2,945 3,000 3,100

1,834 Iran 1,971 2,438 2,700 2,929 2,929

2,296 Vietnam 2,478 2,748 2,650 2,900 2,900

2,506 Korea, South 2,452 2,413 2,329 2,364 2,364

1,560 Russia 1,646 1,874 2,181 2,363 2,304

1,060 Egypt 1,450 1,685 1,860 1,975 1,975

1,715 Philippines 1,758 1,684 1,850 1,950 1,950

22,338 Other 21,496 22,958 23,782 24,508 24,508

157,047 Total 152,418 161,010 170,716 179,243 178,931

Ending Stocks none

1,073 Argentina 765 1,786 2,826 2,985 3,121

2,588 Brazil 1,844 2,230 2,758 2,595 2,788

1,458 EU-27 536 536 557 350 756

266 United States 213 274 318 272 272

10 Turkey 26 117 274 261 261

1,383 Other 1,381 1,518 1,461 1,543 1,551

6,778 Total 4,765 6,461 8,194 8,006 8,749

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.

November 2011

Table 09: Soybean Oil: World Supply and Distribution


2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

Production none

7,045 China 7,325 8,726 9,840 10,847 10,847

9,335 United States 8,503 8,897 8,567 8,469 8,469

6,627 Argentina 5,914 6,476 7,180 7,605 7,505

6,160 Brazil 6,120 6,470 6,910 7,000 7,100

2,710 EU-27 2,350 2,280 2,288 2,302 2,302

1,499 India 1,287 1,340 1,715 1,715 1,715

650 Mexico 620 640 640 638 650

3,799 Other 3,791 4,038 4,150 4,530 4,481

37,825 Total 35,910 38,867 41,290 43,106 43,069

Imports none

2,727 China 2,494 1,514 1,319 1,600 1,400

733 India 1,060 1,598 945 850 850

1,036 EU-27 794 550 900 800 800

383 Algeria 365 402 485 465 465

482 Egypt 320 243 525 450 450

545 Iran 301 275 630 500 400

421 Morocco 350 379 390 385 385

401 Bangladesh 254 349 375 375 375

363 Venezuela 325 299 335 340 340

292 Peru 272 352 325 330 330

3,029 Other 2,399 2,681 2,799 2,643 2,643

10,412 Total 8,934 8,642 9,028 8,738 8,438

Exports none

5,789 Argentina 4,704 4,453 4,544 5,130 4,830

2,388 Brazil 1,909 1,449 1,668 1,650 1,675

1,320 United States 995 1,524 1,474 817 681

334 EU-27 399 387 430 350 350

399 Paraguay 229 243 250 250 250

141 Bolivia 248 200 220 210 210

10 Russia 127 170 145 170 170

611 Other 569 702 736 701 701

10,992 Total 9,180 9,128 9,467 9,278 8,867


9,693 China 9,486 10,435 11,109 12,350 12,150

8,317 United States 7,378 7,173 7,611 8,029 8,029

3,955 Brazil 4,275 5,060 5,275 5,380 5,460

1,026 Argentina 1,420 1,915 2,506 2,487 2,805

3,422 EU-27 2,749 2,397 2,867 2,720 2,720

2,330 India 2,300 2,810 2,650 2,700 2,700

839 Mexico 800 835 835 830 835

621 Egypt 563 490 699 732 732

725 Iran 580 550 638 736 717

355 Algeria 374 403 465 475 475

444 Korea, South 447 445 445 453 453

412 Taiwan 385 400 391 423 423

450 Morocco 426 425 412 412 412

573 Japan 536 459 403 428 397

380 Bangladesh 353 371 383 385 385

4,186 Other 3,920 4,117 4,310 4,466 4,448

37,728 Total 35,992 38,285 40,999 43,006 43,141

Ending Stocks none

1,127 United States 1,298 1,545 1,100 984 943

227 China 477 205 203 260 260

297 Argentina 87 195 325 183 195

220 EU-27 216 262 153 203 185

294 Brazil 236 234 201 132 166

1,128 Other 651 620 931 816 663

3,293 Total 2,965 3,061 2,913 2,578 2,412

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.

November 2011

Table 10: Soybeans and Products: World Trade


Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2011/122010/112009/102011/122010/112009/102011/122010/112009/10

Exports

North America 10,256 8,471 8,164 1,575 1,545 743 43,045 43,805 38,641

Canada (Aug-Jul) 126 210 175 47 66 57 2,247 2,946 2,580

United States (Sep-Aug) 10,124 8,255 7,983 1,524 1,474 681 40,798 40,859 36,061

South America 40,106 43,723 46,705 6,360 6,698 6,981 1,770 47,112 56,421

Argentina (Oct-Sep) 24,914 27,541 29,760 4,453 4,544 4,830 13,088 9,205 10,800

Brazil (Oct-Sep) 12,985 13,987 14,750 1,449 1,668 1,675 28,578 29,951 38,000

Paraguay (Mar-Feb) 1,124 1,125 1,125 243 250 250 5,350 6,385 5,800

South Asia 3,155 4,645 4,210 2 2 2 0 10 10

India (Oct-Sep) 3,147 4,635 4,200 2 2 2 10 10 10

Other 2,041 1,465 1,563 1,191 1,222 1,141 47,781 1,486 1,826

World Total 55,558 58,304 60,642 9,128 9,467 8,867 92,596 92,413 96,898

Imports

European Union 0 22,000 23,000 0 900 800 0 12,900 12,600

East Asia 3,958 4,230 4,339 1,953 1,731 1,818 57,429 58,920 63,335

China (Oct-Sep) 83 294 300 1,514 1,319 1,400 50,338 52,339 56,500

Japan (Oct-Sep) 2,106 2,208 2,250 29 19 30 3,401 2,917 2,950

Korea, South (Oct-Sep) 1,737 1,658 1,730 318 300 300 1,197 1,239 1,260

Taiwan (Oct-Sep) 25 60 50 0 0 0 2,469 2,400 2,600

Southeast Asia 10,460 10,595 10,717 306 296 216 4,223 5,244 5,860

Indonesia (Oct-Sep) 2,507 2,975 3,100 19 18 18 1,620 1,705 1,730

Malaysia (Oct-Sep) 1,072 1,080 1,170 109 110 125 583 590 600

Philippines (Jan-Dec) 1,600 1,850 1,850 8 8 8 111 90 110

Thailand (Sep-Aug) 2,513 2,318 2,625 0 0 0 1,660 2,139 2,000

Vietnam (Jan-Dec) 2,746 2,350 1,950 136 125 30 230 700 1,400

North America 2,460 2,689 2,699 284 290 305 4,295 4,089 4,208

Canada (Aug-Jul) 1,106 1,076 1,050 43 32 31 375 246 300

Mexico (Sep-Aug) 1,209 1,450 1,500 194 185 190 3,523 3,450 3,500

South America 4,288 4,434 4,560 1,019 1,055 1,030 0 773 799

Brazil (Oct-Sep) 86 60 50 37 0 0 174 25 50

Colombia (Oct-Sep) 885 1,000 1,000 184 250 225 348 320 349

Central America 865 900 920 170 186 178 0 259 241

Caribbean 820 852 892 308 315 299 0 145 145

Middle East 35 4,091 4,200 378 761 529 3,735 2,946 3,351

Iran (Oct-Sep) 1,495 1,826 1,975 275 630 400 1,013 920 1,050

Israel (Oct-Sep) 81 90 95 9 12 14 321 375 350

Syria (Jan-Dec) 469 520 550 3 0 0 540 550 550

Turkey (Nov-Oct) 413 550 450 9 5 5 1,860 1,100 1,400

North Africa 2,019 2,245 2,315 1,149 1,545 1,450 1,825 1,800 1,950

Egypt (Oct-Sep) 400 550 575 243 525 450 1,638 1,650 1,750

Other 28,110 4,124 4,107 3,075 1,949 1,813 15,291 1,602 1,717

World Total 53,015 56,160 57,749 8,642 9,028 8,438 86,798 88,678 94,206

November 2011

Table 11: Palm Oil: World Supply and Distribution


2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

Production none

18,000 Indonesia 20,500 22,000 23,600 25,400 25,400

17,567 Malaysia 17,259 17,763 18,215 18,400 18,700

1,050 Thailand 1,540 1,345 1,288 1,450 1,450

780 Colombia 795 770 775 900 885

820 Nigeria 850 850 850 850 850

2,867 Other 3,048 3,134 3,202 3,281 3,281

41,084 Total 43,992 45,862 47,930 50,281 50,566

Imports none

5,013 India 6,867 6,603 6,661 7,250 7,250

5,223 China 6,118 5,760 5,711 6,650 6,300

4,963 EU-27 5,504 5,435 5,000 5,300 5,300

1,958 Pakistan 1,957 2,041 2,100 2,200 2,200

669 Malaysia 1,047 1,283 1,600 1,500 1,620

553 Egypt 1,024 1,174 1,125 1,250 1,250

724 Bangladesh 700 951 1,040 1,120 1,175

952 United States 1,036 994 941 1,043 1,043

610 Iran 504 548 570 650 650

287 Singapore 328 352 475 600 600

9,335 Other 8,579 9,623 10,126 10,446 10,446

30,287 Total 33,664 34,764 35,349 38,009 37,834

Exports none

13,969 Indonesia 15,964 16,573 16,910 19,150 18,980

14,644 Malaysia 15,485 15,530 15,555 15,800 15,890

451 Papua New Guinea 496 490 496 525 525

358 Benin 348 450 485 500 500

336 United Arab Emirates 232 344 350 465 465

2,549 Other 2,270 2,254 2,474 2,485 2,505

32,307 Total 34,795 35,641 36,270 38,925 38,865


5,075 India 6,230 6,440 7,135 7,700 7,700

4,704 Indonesia 4,855 5,424 6,265 6,290 6,395

5,222 China 5,618 5,930 5,797 6,599 6,190

4,717 EU-27 5,220 5,210 5,150 5,180 5,180

3,170 Malaysia 3,229 3,389 3,806 4,100 4,070

1,816 Pakistan 1,953 1,971 2,050 2,150 2,150

943 Thailand 1,229 1,297 1,180 1,300 1,300

1,190 Nigeria 1,208 1,232 1,240 1,240 1,240

797 Bangladesh 700 911 1,035 1,120 1,175

540 Egypt 740 885 970 1,075 1,075

948 United States 959 958 917 1,048 1,043

515 Colombia 615 777 775 890 855

519 Iran 551 552 555 594 594

705 Russia 584 527 590 584 584

551 Japan 531 581 575 580 580

7,906 Other 7,886 8,409 9,030 9,340 9,340

39,318 Total 42,108 44,493 47,070 49,790 49,471

Ending Stocks none

2,037 Malaysia 1,629 1,756 2,210 1,780 2,570

488 Indonesia 190 242 682 462 767

0 China 499 328 241 350 350

319 EU-27 468 542 242 234 242

0 Egypt 134 248 203 158 158

1,294 Other 1,971 2,267 1,744 1,374 1,299

4,138 Total 4,891 5,383 5,322 4,358 5,386

November 2011

Table 12: Rapeseed and Products: World Supply and Distribution


Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2011/122010/112009/102011/122010/112009/102011/122010/112009/10

Production

China (Oct-Sep) 9,156 8,909 8,770 5,170 5,057 4,952 13,657 13,100 12,800

India (Oct-Sep) 3,287 3,885 3,755 2,080 2,460 2,385 6,400 7,000 7,000

Canada (Aug-Jul) 2,775 3,650 3,710 2,010 2,645 2,685 12,889 12,773 12,900

Japan (Oct-Sep) 1,277 1,329 1,303 904 937 919 1 1 1

EU-27 (Jul-Jun) 12,982 12,827 12,130 9,370 9,258 8,756 21,551 20,706 19,100

Other 4,113 4,280 4,419 2,807 2,935 3,027 6,474 6,579 7,075

World Total 33,590 34,880 34,087 22,341 23,292 22,724 60,972 60,159 58,876

Imports

China (Oct-Sep) 993 1,413 1,000 785 647 800 2,177 930 900

India (Oct-Sep) 0 0 0 18 5 5 20 15 15

Canada (Aug-Jul) 0 33 5 196 165 175 121 225 190

Japan (Oct-Sep) 58 25 50 9 26 20 2,275 2,321 2,300

EU-27 (Jul-Jun) 134 223 130 441 488 550 2,106 2,572 2,650

Other 2,514 3,363 3,339 1,480 1,878 1,901 4,080 4,207 4,378

World Total 3,699 5,057 4,524 2,929 3,209 3,451 10,779 10,270 10,433

Exports

China (Oct-Sep) 127 5 40 5 3 5 0 0 0

India (Oct-Sep) 786 1,340 1,100 22 20 10 0 0 0

Canada (Aug-Jul) 1,927 2,925 2,970 1,805 2,450 2,350 7,172 7,000 6,850

Japan (Oct-Sep) 0 0 0 0 0 0 0 0 0

EU-27 (Jul-Jun) 214 252 100 111 214 170 157 197 180

Other 474 596 660 799 797 806 3,459 3,214 3,634

World Total 3,528 5,118 4,870 2,742 3,484 3,341 10,788 10,411 10,664

Domestic Consumption

China (Oct-Sep) 10,022 10,317 9,730 5,641 5,965 5,690 15,114 14,720 14,450

India (Oct-Sep) 2,500 2,540 2,660 2,076 2,345 2,480 6,266 7,300 7,170

Canada (Aug-Jul) 693 755 755 410 415 505 5,234 6,433 6,600

Japan (Oct-Sep) 1,336 1,359 1,353 920 956 945 2,255 2,346 2,301

EU-27 (Jul-Jun) 12,922 12,755 12,177 9,925 9,590 9,117 23,534 23,150 21,896

Other 6,167 7,050 7,120 3,466 3,959 4,139 7,224 7,596 7,816

World Total 33,640 34,776 33,795 22,438 23,230 22,876 59,627 61,545 60,233

Ending Stocks

China (Oct-Sep) 0 0 0 600 336 393 2,114 1,424 674

India (Oct-Sep) 22 27 22 0 100 0 785 500 345

Canada (Aug-Jul) 175 178 168 104 49 54 2,263 1,828 1,468

Japan (Oct-Sep) 15 10 10 19 26 20 80 56 56

EU-27 (Jul-Jun) 75 118 101 249 191 210 1,809 1,740 1,414

Other 81 78 56 250 307 290 860 836 839

World Total 368 411 357 1,222 1,009 967 7,911 6,384 4,796

11/9/2011 8:07:04 AM

November 2011

Table 13: Sunflowerseed and Products World Supply and Distribution


Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2011/122010/112009/102011/122010/112009/102011/122010/112009/10

Production

Argentina (Mar-Feb) 2,300 3,560 3,200 1,218 1,530 1,390 1,146 1,440 1,300

Russia (Sep-Aug) 6,425 5,350 8,800 2,253 1,874 2,716 2,505 2,082 3,015

Turkey (Sep-Aug) 800 1,000 925 559 597 621 626 671 696

Ukraine (Sep-Aug) 6,364 6,769 7,800 2,584 2,796 2,881 2,585 2,777 2,921

EU-27 (Oct-Sep) 6,912 6,920 8,100 3,373 3,360 3,742 2,591 2,582 2,876

Other 7,592 7,530 7,628 2,581 2,371 2,495 2,248 2,093 2,190

World Total 30,393 31,129 36,453 12,568 12,528 13,845 11,701 11,645 12,998

Imports

Argentina (Mar-Feb) 19 10 20 0 0 0 0 0 0

Russia (Sep-Aug) 23 42 10 2 17 5 55 149 70

Turkey (Sep-Aug) 733 705 800 432 500 480 184 401 350

Ukraine (Sep-Aug) 7 15 5 0 0 0 1 1 0

EU-27 (Oct-Sep) 269 370 650 2,007 2,200 2,500 936 800 1,530

Other 409 412 535 1,065 1,156 1,302 2,665 2,494 2,887

World Total 1,460 1,554 2,020 3,506 3,873 4,287 3,841 3,845 4,837

Exports


Russia (Sep-Aug) 20 10 320 660 583 1,100 504 213 1,000

Turkey (Sep-Aug) 20 26 30 5 0 5 68 157 160

Ukraine (Sep-Aug) 354 448 850 2,516 2,810 2,700 2,645 2,620 2,650

EU-27 (Oct-Sep) 543 500 450 86 125 150 150 160 130

Other 558 588 629 286 196 248 610 437 464

World Total 1,565 1,637 2,344 4,139 4,464 4,868 4,555 4,537 5,354


Argentina (Mar-Feb) 2,819 3,497 3,203 675 700 720 412 442 477

Russia (Sep-Aug) 6,720 5,535 7,980 1,407 1,459 1,600 2,016 2,041 2,060

Turkey (Sep-Aug) 1,477 1,577 1,637 986 1,097 1,096 810 825 835

Ukraine (Sep-Aug) 6,031 6,355 6,810 61 3 110 194 173 175

EU-27 (Oct-Sep) 7,015 6,882 7,718 5,527 5,382 5,920 3,452 3,459 4,183

Other 7,639 7,406 7,456 3,399 3,314 3,543 4,365 4,234 4,566

World Total 31,701 31,252 34,804 12,055 11,955 12,989 11,249 11,174 12,296

Ending Stocks


Russia (Sep-Aug) 283 130 640 204 53 74 99 76 101

Turkey (Sep-Aug) 130 232 290 0 0 0 40 130 181

Ukraine (Sep-Aug) 19 0 145 17 0 71 27 12 108

EU-27 (Oct-Sep) 403 311 893 83 136 308 442 205 298

Other 350 298 376 29 46 52 412 328 375

World Total 1,427 1,221 2,546 469 451 726 1,452 1,231 1,416

November 2011

Table 14: Minor Vegetable Oil Supply and Distribution


Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2011/122010/112009/102011/122010/112009/102011/122010/112009/10

Production

China (Oct-Sep) 2,189 2,372 2,387 1,466 1,411 1,476 nr nr nr

India (Oct-Sep) 1,165 1,435 1,250 1,045 1,150 1,250 nr nr nr

Turkey (Nov-Oct) 4 4 4 93 110 145 157 175 145

United States (Jun-May) 63 86 62 280 379 342 3 4 4

EU-27 (Oct-Sep) 16 16 16 49 42 48 2,390 2,290 2,350

Other 1,236 1,235 1,255 1,690 1,900 2,085 498 544 519

World Total 4,673 5,148 4,974 4,623 4,992 5,346 3,048 3,013 3,018

Imports

China (Oct-Sep) 47 68 30 0 0 0 nr nr nr

India (Oct-Sep) 0 0 0 9 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 5 0 2 0 0 0


EU-27 (Oct-Sep) 79 80 75 2 3 3 79 90 75

Other 26 22 22 49 48 46 186 189 197

World Total 185 197 159 65 51 51 533 574 576

Exports



Turkey (Nov-Oct) 0 0 0 2 2 5 25 25 25


EU-27 (Oct-Sep) 4 2 3 0 1 1 495 520 410

Other 170 156 168 53 70 83 173 213 187

World Total 188 173 186 102 151 149 697 761 625


China (Oct-Sep) 2,227 2,432 2,407 1,462 1,408 1,473 nr nr nr

India (Oct-Sep) 1,320 1,395 1,290 1,060 1,141 1,241 nr nr nr

Turkey (Nov-Oct) 4 4 4 96 108 138 125 140 140


EU-27 (Oct-Sep) 91 94 89 53 44 50 2,070 2,050 2,050

Other 1,096 1,104 1,104 1,705 1,857 2,017 525 531 538

World Total 4,828 5,131 4,987 4,626 4,829 5,234 2,987 3,017 3,033

Ending Stocks



Turkey (Nov-Oct) 0 0 0 0 0 4 18 28 8


EU-27 (Oct-Sep) 5 5 4 1 1 1 419 229 194

Other 45 42 47 62 83 114 88 77 68

World Total 69 110 70 159 222 236 525 334 270

November 2011

Table 15: World Oilseeds and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Major Oilseeds

294.57 24.4851.09377.7551.8831.30184.76 1998/99 292.00 34.66

304.27 25.5159.43398.1359.2034.66188.48 1999/00 300.13 38.57

313.88 26.8066.84418.0465.5938.57188.57 2000/01 310.94 40.25

324.76 27.5262.30428.6863.6740.25188.60 2001/02 323.90 42.48

331.55 27.6969.96445.0671.0342.48186.32 2002/03 326.03 49.06

335.77 27.8666.79448.9064.0749.06199.59 2003/04 337.10 45.01

381.28 29.2274.42498.9372.6445.01209.59 2004/05 366.71 57.80

391.28 29.9175.39524.4775.3957.80211.00 2005/06 384.54 64.54

403.56 30.5182.81548.8180.7164.54211.02 2006/07 393.57 72.44

391.26 30.6591.83553.8090.1172.44205.91 2007/08 401.62 60.35

396.47 31.9094.16550.6893.8660.35215.37 2008/09 401.55 54.97

442.68 32.86108.07599.34101.6854.97215.69 2009/10 420.07 71.21

453.14 33.57107.76627.79103.4471.21215.20 2010/11 441.10 78.93

454.79 33.75113.31643.33109.6178.93221.13 2011/12 456.11 73.90

Major Protien Meals

163.33 0.4047.21218.0447.277.45nr 1998/99 162.69 8.14

167.69 0.3946.73223.1447.348.11nr 1999/00 168.95 7.47

174.68 0.4148.45230.2048.067.47nr 2000/01 175.12 6.64

182.61 0.4252.88240.7051.446.64nr 2001/02 180.60 7.22

185.63 0.4354.07246.4753.627.22nr 2002/03 186.09 6.32

190.86 0.4559.11254.9557.786.32nr 2003/04 189.11 6.73

206.50 0.4861.26272.7959.566.73nr 2004/05 204.57 6.96

217.09 0.5066.42289.5165.466.96nr 2005/06 215.51 7.59

224.46 0.5069.57299.0266.987.59nr 2006/07 221.83 7.62

231.81 0.5472.29309.3169.887.62nr 2007/08 228.76 8.27

229.00 0.5769.31304.2867.028.27nr 2008/09 228.48 6.50

243.68 0.6372.00318.4668.286.50nr 2009/10 238.51 7.95

256.43 0.6476.90337.7873.417.95nr 2010/11 251.23 9.66

266.01 0.6679.80350.6574.989.66nr 2011/12 260.46 10.39

Major Vegetable Oils

80.37 70.4927.67114.3426.897.087.95 1998/99 78.50 8.18

86.04 74.2128.69120.6426.588.038.33 1999/00 82.87 9.09

89.81 78.6130.78129.1430.259.0910.21 2000/01 88.75 9.61

92.76 80.2032.99133.1630.799.6110.54 2001/02 91.10 9.07

96.09 82.9236.04140.0434.899.074.56 2002/03 95.12 8.89

102.89 86.9239.30149.4537.678.894.54 2003/04 100.71 9.44

111.69 91.5042.88161.9940.879.448.25 2004/05 108.18 10.94

118.92 94.2147.80174.2244.3710.948.36 2005/06 114.66 11.76

121.79 95.8649.19180.2846.7311.768.45 2006/07 119.43 11.67

128.62 98.7653.93190.5550.2711.678.69 2007/08 125.11 11.51

133.67 101.3856.04198.9453.7611.518.82 2008/09 129.78 13.12

140.23 106.3458.13208.9355.5713.128.92 2009/10 137.71 13.09

146.65 110.5259.81216.3356.6013.098.74 2010/11 144.32 12.20

152.07 114.3162.47224.1259.8512.208.76 2011/12 149.89 11.76

Based on the aggregate of different marketing years

November 2011

Table 16: World: Soybeans and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks


Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

159.83 134.6437.93225.9538.5527.5771.30 1998/99 158.77 29.25

160.35 135.0045.63235.1745.5729.2571.91 1999/00 159.22 30.32

175.76 146.5553.66259.1353.0530.3275.44 2000/01 171.53 33.94

184.82 158.0152.90273.1454.3933.9479.47 2001/02 184.47 35.77

196.87 165.1961.24295.5562.9135.7781.48 2002/03 191.10 43.21

186.64 164.2156.04283.8554.0043.2188.41 2003/04 189.70 38.11

215.78 175.2664.82317.3663.4738.1193.18 2004/05 204.39 48.15

220.67 186.1463.43332.9564.1348.1592.91 2005/06 216.14 53.38

236.23 196.0970.86358.5668.9553.3894.29 2006/07 225.60 62.10

220.47 202.8678.78360.8478.2762.1090.60 2007/08 230.51 51.55

211.96 193.3476.84340.8477.3351.5596.36 2008/09 221.43 42.57

260.85 209.5092.60390.2286.8042.57102.17 2009/10 238.22 59.41

264.18 221.1192.41412.2688.6859.41102.76 2010/11 251.48 68.37

258.91 230.6796.90421.4894.2168.37104.36 2011/12 261.03 63.56

Meal, Soybean

106.35 134.6935.38147.6835.995.35nr 1998/99 106.13 6.17

106.99 135.0334.19148.1634.996.17nr 1999/00 108.51 5.46

116.08 146.5836.26157.4635.925.46nr 2000/01 116.03 5.17

125.03 158.1241.81170.6640.465.17nr 2001/02 123.34 5.51

130.27 165.1943.07178.2642.485.51nr 2002/03 130.01 5.17

129.03 164.2246.09179.1144.905.17nr 2003/04 127.58 5.44

138.57 175.2747.70190.0946.085.44nr 2004/05 136.68 5.71

146.56 186.1652.38203.7051.435.71nr 2005/06 145.50 5.83

154.25 196.1455.27212.9752.905.83nr 2006/07 151.50 6.21

159.22 202.9056.61220.4455.016.21nr 2007/08 157.05 6.78

151.95 193.5352.79209.9851.256.78nr 2008/09 152.42 4.77

165.25 209.8455.56223.0353.024.77nr 2009/10 161.01 6.46

174.59 221.5458.30237.2156.166.46nr 2010/11 170.72 8.19

182.38 231.1160.64248.3257.758.19nr 2011/12 178.93 8.75

Oil, Soybean

24.43 134.677.3334.227.222.57nr 1998/99 24.39 2.51

24.49 135.046.1533.056.062.51nr 1999/00 24.15 2.76

26.75 146.586.8536.416.902.76nr 2000/01 26.55 3.01

28.92 158.118.2339.497.563.01nr 2001/02 28.18 3.09

30.51 165.198.8041.788.193.09nr 2002/03 30.16 2.82

30.30 164.218.7041.518.392.82nr 2003/04 30.26 2.55

32.55 175.269.1043.998.882.55nr 2004/05 31.84 3.05

34.85 186.149.8347.019.113.05nr 2005/06 33.73 3.45

36.53 196.1210.6449.899.923.45nr 2006/07 35.48 3.78

37.83 202.8810.9952.0110.413.78nr 2007/08 37.73 3.29

35.91 193.519.1848.148.933.29nr 2008/09 35.99 2.97

38.87 209.829.1350.478.642.97nr 2009/10 38.29 3.06

41.29 221.529.4753.389.033.06nr 2010/11 41.00 2.91

43.07 230.978.8754.428.442.91nr 2011/12 43.14 2.41

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

November 2011

Table 17: World: Rapeseed and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks


Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oilseed, Rapeseed

35.76 0.286.8443.867.041.0725.41 1998/99 34.79 2.23

42.48 0.398.2152.928.202.2326.75 1999/00 40.46 4.25

37.33 0.387.1848.586.994.2524.69 2000/01 38.71 2.69

36.01 0.444.9043.654.952.6923.29 2001/02 35.98 2.78

33.26 0.384.1340.064.022.7822.10 2002/03 33.77 2.15

39.44 0.625.5346.735.142.1525.47 2003/04 39.12 2.09

46.11 0.634.9053.205.002.0926.68 2004/05 43.53 4.77

48.54 0.306.9859.966.664.7727.27 2005/06 47.47 5.51

45.13 0.536.6257.636.995.5126.48 2006/07 46.37 4.64

48.50 0.468.1560.697.554.6428.24 2007/08 48.99 3.55

57.81 0.4812.0573.4812.133.5531.08 2008/09 54.86 6.58

60.97 0.5310.7978.3310.786.5831.09 2009/10 59.63 7.91

60.16 0.5510.4178.3410.277.9132.83 2010/11 61.55 6.38

58.88 0.5710.6675.6910.436.3833.30 2011/12 60.23 4.80

Meal, Rapeseed

19.23 0.002.0421.792.120.44nr 1998/99 19.38 0.37

22.08 0.002.3224.682.260.34nr 1999/00 21.98 0.38

21.17 0.001.8323.471.920.38nr 2000/01 21.35 0.29

19.94 0.001.5121.761.540.29nr 2001/02 19.95 0.30

18.80 0.001.6220.831.730.30nr 2002/03 18.94 0.28

21.78 0.002.4824.552.490.28nr 2003/04 21.62 0.45

24.24 0.002.2326.992.310.45nr 2004/05 24.42 0.35

26.56 0.002.4729.502.590.35nr 2005/06 26.44 0.59

25.92 0.002.9529.573.070.59nr 2006/07 26.38 0.25

27.59 0.003.6931.403.560.25nr 2007/08 27.44 0.27

30.81 0.003.5934.683.590.27nr 2008/09 30.84 0.25

33.59 0.003.5337.543.700.25nr 2009/10 33.64 0.37

34.88 0.005.1240.315.060.37nr 2010/11 34.78 0.41

34.09 0.004.8739.024.520.41nr 2011/12 33.80 0.36

Oil, Rapeseed

11.85 10.751.8113.941.640.46nr 1998/99 11.64 0.49

14.00 12.741.7316.181.730.45nr 1999/00 13.77 0.69

13.37 12.261.2015.391.340.69nr 2000/01 13.42 0.77

13.08 12.091.0314.971.120.77nr 2001/02 13.27 0.67

12.27 11.020.9113.830.890.67nr 2002/03 12.36 0.56

14.11 12.421.3316.031.360.56nr 2003/04 14.30 0.40

15.74 12.881.2917.341.200.40nr 2004/05 15.57 0.48

17.35 13.151.6519.301.470.48nr 2005/06 17.00 0.65

17.13 12.611.9919.982.200.65nr 2006/07 17.52 0.47

18.43 13.161.9020.912.020.47nr 2007/08 18.24 0.77

20.49 14.042.4323.702.430.77nr 2008/09 20.14 1.13

22.34 15.082.7426.402.931.13nr 2009/10 22.44 1.22

23.29 16.133.4827.723.211.22nr 2010/11 23.23 1.01

22.72 15.453.3427.183.451.01nr 2011/12 22.88 0.97

Based on the aggregate of different marketing years.

November 2011

Table 18: World: Sunflower and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Production Imports Exports Domestic

Consumpti

Ending

Stocks

Oilseed, Sunflowerseed

26.65 1.3526.173.693.760.8121.46 1998/99

27.18 2.0826.352.162.071.3523.06 1999/00

23.08 1.5623.312.522.232.0819.92 2000/01

21.41 1.5121.381.191.111.5618.83 2001/02

23.91 1.9923.281.521.371.5120.21 2002/03

26.88 2.7126.082.272.191.9922.99 2003/04

25.28 2.2425.661.231.132.7120.89 2004/05

29.94 2.5229.531.521.382.2422.76 2005/06

29.76 2.8429.301.901.762.5223.37 2006/07

27.17 2.6327.161.481.252.8421.12 2007/08

33.25 2.8432.722.141.822.6323.68 2008/09

30.39 1.4331.701.571.462.8422.08 2009/10

31.13 1.2231.251.641.551.4322.38 2010/11

36.45 2.5534.802.342.021.2224.83 2011/12

Meal, Sunflowerseed

10.54 0.3910.232.852.570.36nr 1998/99

10.57 0.4010.752.342.540.39nr 1999/00

9.32 0.329.632.002.230.40nr 2000/01

8.34 0.248.222.111.910.32nr 2001/02

8.99 0.178.952.322.200.24nr 2002/03

10.22 0.219.972.862.660.17nr 2003/04

9.96 0.189.772.772.550.21nr 2004/05

11.49 0.2611.153.553.300.18nr 2005/06

11.48 0.2111.363.493.320.26nr 2006/07

10.60 0.2710.053.282.790.21nr 2007/08

12.78 0.5912.054.303.880.27nr 2008/09

12.57 0.4712.064.143.510.59nr 2009/10

12.53 0.4511.964.463.870.47nr 2010/11

13.85 0.7312.994.874.290.45nr 2011/12

Oil, Sunflowerseed

9.27 0.898.833.142.950.64nr 1998/99

9.28 0.938.762.902.460.85nr 1999/00

8.18 0.708.182.242.010.93nr 2000/01

7.44 0.487.501.921.760.70nr 2001/02

8.12 0.507.822.282.000.48nr 2002/03

9.19 0.588.392.681.950.50nr 2003/04

9.14 0.808.502.572.160.58nr 2004/05

10.64 0.999.863.913.300.80nr 2005/06

10.70 0.7510.234.043.330.99nr 2006/07

10.03 0.959.073.492.740.75nr 2007/08

12.00 1.7110.654.563.980.95nr 2008/09

11.70 1.4511.254.563.841.71nr 2009/10

11.65 1.2311.174.543.851.45nr 2010/11

13.00 1.4212.305.354.841.23nr 2011/12

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

November 2011

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

Million Metric Tons

Beginning

Stocks


Supply

Exports Industrial

Dom.

Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oil, Palm

12.01 14.842.8112.3832.9919.201.78 1998/99 17.87 2.74

13.13 17.352.8014.0437.6321.802.70 1999/00 20.45 3.15

16.28 20.033.4916.5143.7324.313.15 2000/01 24.02 3.20

16.48 20.073.8717.6944.9925.313.20 2001/02 24.51 2.79

19.67 21.794.7320.0450.1527.682.79 2002/03 27.12 2.99

21.89 23.085.5122.1754.9330.052.99 2003/04 29.18 3.58

24.27 24.896.7925.1261.3433.503.58 2004/05 32.34 3.89

25.96 25.487.7127.5865.6335.783.89 2005/06 33.84 4.21

26.44 26.978.3327.6067.9837.334.21 2006/07 35.98 4.39

30.29 29.349.2532.3175.7641.084.39 2007/08 39.32 4.14

33.66 30.8310.4634.8081.7943.994.14 2008/09 42.11 4.89

34.76 32.5811.0535.6485.5245.864.89 2009/10 44.49 5.38

35.35 34.3611.8436.2788.6647.935.38 2010/11 47.07 5.32

37.83 35.9312.6138.8793.7250.575.32 2011/12 49.47 5.39

Oil, Coconut

1.21 1.751.001.114.242.720.31 1998/99 2.91 0.22

1.48 1.691.091.965.033.370.19 1999/00 2.90 0.17

1.77 2.051.191.835.533.590.17 2000/01 3.38 0.33

1.83 1.811.241.795.333.170.33 2001/02 3.20 0.34

1.89 1.831.231.735.373.140.34 2002/03 3.18 0.46

1.68 1.831.271.805.433.290.46 2003/04 3.23 0.40

1.91 1.791.372.085.763.460.40 2004/05 3.25 0.43

2.03 1.921.472.055.913.460.43 2005/06 3.53 0.33

1.87 1.771.471.745.423.220.33 2006/07 3.32 0.36

1.90 1.801.521.935.793.530.36 2007/08 3.43 0.44

1.65 1.761.591.485.623.530.44 2008/09 3.39 0.75

2.28 2.151.652.176.643.620.75 2009/10 3.88 0.59

1.95 2.061.731.896.213.680.59 2010/11 3.83 0.50

1.99 2.081.741.886.163.680.50 2011/12 3.86 0.42

Meal, Fish

2.78 0.000.083.079.255.810.66 1998/99 5.51 0.67

3.70 0.000.083.6610.696.330.67 1999/00 6.39 0.65

3.47 0.000.083.4710.045.920.65 2000/01 6.17 0.40

3.25 0.000.083.069.485.830.40 2001/02 5.73 0.69

2.84 0.000.082.868.384.840.69 2002/03 5.21 0.31

3.12 0.000.073.218.775.340.31 2003/04 5.38 0.18

3.61 0.000.053.669.505.710.18 2004/05 5.69 0.15

2.95 0.000.052.738.064.960.15 2005/06 5.18 0.15

2.67 0.000.052.607.895.070.15 2006/07 4.97 0.31

3.03 0.000.052.848.585.240.31 2007/08 5.40 0.34

3.11 0.000.052.958.545.100.34 2008/09 5.36 0.23

2.62 0.000.052.267.174.310.23 2009/10 4.71 0.20

2.59 0.000.052.527.424.620.20 2010/11 4.74 0.17

2.78 0.000.052.747.884.930.17 2011/12 4.98 0.17

Based on the aggregate of different marketing years.

November 2011

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


Area

Harvested

Beginning

Stocks


Supply


Consumpti

Ending

Stocks

Major Oilseeds

84,364 47,81322,72291,5076986,44535,275 1998/99 58,005 10,780

82,315 47,90527,39593,85475910,78037,149 1999/00 57,474 8,985

84,891 49,18927,97694,6938178,98536,805 2000/01 58,897 7,820

89,832 50,63129,96698,3056537,82037,323 2001/02 61,466 6,873

83,935 47,50529,43391,3585506,87336,284 2002/03 56,090 5,835

76,604 45,53925,15882,9425035,83536,041 2003/04 53,632 4,152

95,944 50,16730,708100,7776814,15236,808 2004/05 61,780 8,289

95,670 51,89726,611104,6236648,28936,587 2005/06 63,811 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 49,34335,69497,4051,2956,90935,265 2008/09 56,092 5,619

98,902 51,48641,690105,5871,0665,61935,512 2009/10 58,352 5,545

100,378 49,34041,834106,8689455,54537,179 2010/11 57,736 7,298

91,148 48,60736,83199,7811,3357,29835,275 2011/12 56,589 6,361

Major Protien Meals

36,764 47,8137,22338,2841,221299nr 1998/99 30,728 333

36,713 47,9057,13138,2881,242333nr 1999/00 30,860 297

38,238 49,1897,60739,6971,162297nr 2000/01 31,693 397

38,890 50,6317,52440,3471,060397nr 2001/02 32,537 286

36,585 47,5055,92438,0651,194286nr 2002/03 31,895 246

35,200 45,5394,94537,2821,836246nr 2003/04 32,064 273

39,246 50,1676,95441,0481,529273nr 2004/05 33,879 215

39,910 51,8977,60841,7781,653215nr 2005/06 33,809 361

41,449 53,4838,26443,5091,699361nr 2006/07 34,860 385

40,873 53,4958,70643,2381,980385nr 2007/08 34,199 333

37,724 49,3437,94039,8661,809333nr 2008/09 31,680 246

40,075 51,48610,30441,6651,344246nr 2009/10 31,020 341

38,069 49,3408,49540,6772,267341nr 2010/11 31,804 378

37,557 48,6078,18840,2112,276378nr 2011/12 31,687 336

Major Vegetable Oils

9,431 47,8131,63511,8241,4109830 1998/99 9,191 998

9,413 47,9051,12611,9331,5229980 1999/00 9,592 1,215

9,554 49,1891,04712,4521,6831,2150 2000/01 9,766 1,639

9,681 50,6311,54912,9471,6271,6390 2001/02 10,093 1,305

9,197 47,5051,23812,0451,5431,3050 2002/03 9,885 922

8,779 45,53974011,6121,9119220 2003/04 10,077 795

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

10,423 51,89789913,9262,3791,1240 2005/06 11,230 1,797

10,455 53,4831,33314,7792,5271,7970 2006/07 11,705 1,741

10,545 53,4951,67915,3943,1081,7410 2007/08 12,251 1,464

9,670 49,3431,45714,3643,2301,4640 2008/09 11,170 1,737

10,065 51,4861,94815,1403,3381,7370 2009/10 11,202 1,990

9,791 49,3401,86815,3743,5931,9900 2010/11 11,897 1,609

9,607 48,6071,05515,0243,8081,6090 2011/12 12,643 1,326

Based on the aggregate of different marketing years

November 2011

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


Area

Harvested

Beginning

Stocks


Supply


Consumpti

Ending

Stocks

Oilseed, Soybean

74,598 43,26221,89980,132965,43828,507 1998/99 48,749 9,484

72,224 42,92726,53781,8221149,48429,318 1999/00 47,388 7,897

75,055 44,62527,10383,049977,89729,303 2000/01 49,203 6,743

78,672 46,25928,94885,478636,74329,532 2001/02 50,867 5,663

75,010 43,94828,42380,8001275,66329,339 2002/03 47,524 4,853

66,783 41,63224,12871,7871514,85329,330 2003/04 44,600 3,059

85,019 46,16029,86088,2301523,05929,930 2004/05 51,410 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

91,417 47,67340,79895,5753973,76130,907 2009/10 50,671 4,106

90,606 44,85140,85995,1053934,10631,003 2010/11 48,404 5,842

82,887 44,49736,06189,1374085,84229,816 2011/12 47,761 5,315

Meal, Soybean

34,285 43,2626,97934,584101198nr 1998/99 27,305 300

34,102 42,9276,91234,46765300nr 1999/00 27,289 266

35,730 44,6257,33536,04650266nr 2000/01 28,363 348

36,552 46,2597,27137,034134348nr 2001/02 29,545 218

34,649 43,9485,72835,024157218nr 2002/03 29,096 200

32,953 41,6324,69033,412259200nr 2003/04 28,531 191

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 30,148 266

35,473 45,2307,70835,81980266nr 2008/09 27,898 213

37,836 47,67310,12438,194145213nr 2009/10 27,796 274

35,608 44,8518,25536,045163274nr 2010/11 27,472 318

35,230 44,4977,98335,697149318nr 2011/12 27,442 272

Oil, Soybean

8,202 43,2621,0768,86738627nr 1998/99 7,101 690

8,085 42,9276248,81237690nr 1999/00 7,284 904

8,355 44,6256369,29233904nr 2000/01 7,401 1,255

8,572 46,2591,1439,848211,255nr 2001/02 7,635 1,070

8,360 43,9481,0279,451211,070nr 2002/03 7,748 676

7,748 41,6324258,563139676nr 2003/04 7,650 488

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

8,567 44,8511,47410,185731,545nr 2010/11 7,611 1,100

8,469 44,4976819,653841,100nr 2011/12 8,029 943

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.

November 2011

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


Area

Harvested

Beginning

Stocks


Supply


Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

31,300 21,6458,91232,69761578212,900 1998/99 23,382 403

34,700 21,57811,77935,89779440313,600 1999/00 23,502 616

39,500 22,77315,52140,97085461613,934 2000/01 24,792 657

43,500 25,84316,07445,2571,10065716,350 2001/02 28,202 981

52,000 27,79619,98754,1051,12498118,448 2002/03 30,320 3,798

51,000 28,91419,25755,1623643,79821,520 2003/04 31,807 4,098

53,000 29,73022,79957,4503524,09822,917 2004/05 32,515 2,136

57,000 28,75424,77059,176402,13622,229 2005/06 31,654 2,752

59,000 31,51123,80561,8601082,75220,700 2006/07 34,445 3,610

61,000 31,89524,51564,693833,61021,300 2007/08 34,860 5,318

57,800 30,77828,04163,2421245,31821,700 2008/09 33,545 1,656

69,000 35,70029,19070,8061501,65623,500 2009/10 38,850 2,766

75,500 36,50032,00078,291252,76624,200 2010/11 39,850 6,441

75,000 36,52536,60081,491506,44125,000 2011/12 39,975 4,916

Meal, Soybean (Local)

17,000 21,64510,13217,59675521nr 1998/99 6,870 594

16,831 21,5789,87617,544119594nr 1999/00 7,068 600

17,753 22,77311,11018,583230600nr 2000/01 7,171 302

20,392 25,84312,78321,082388302nr 2001/02 7,596 703

21,773 27,79613,54222,813337703nr 2002/03 8,292 979

22,330 28,91414,59623,536227979nr 2003/04 8,099 841

23,040 29,73014,25624,125244841nr 2004/05 9,133 736

22,280 28,75412,28723,230214736nr 2005/06 10,080 863

24,420 31,51112,34625,429146863nr 2006/07 11,520 1,563

24,720 31,89512,70926,4261431,563nr 2007/08 12,000 1,717

23,850 30,77812,15325,653861,717nr 2008/09 12,200 1,300

27,670 35,70014,14729,055851,300nr 2009/10 12,943 1,965

28,550 36,50014,21530,575601,965nr 2010/11 13,560 2,800

28,680 36,52514,75031,530502,800nr 2011/12 14,050 2,730

Oil, Soybean (Local)

4,048 21,6451,5194,517243226nr 1998/99 2,762 236

4,036 21,5781,1344,383111236nr 1999/00 2,971 278

4,370 22,7731,6164,73587278nr 2000/01 2,937 182

4,905 25,8432,1005,227140182nr 2001/02 2,936 191

5,349 27,7962,4055,58747191nr 2002/03 2,897 285

5,579 28,9142,5315,87814285nr 2003/04 2,969 378

5,710 29,7302,6976,0913378nr 2004/05 3,099 295

5,520 28,7542,3155,83318295nr 2005/06 3,211 307

6,050 31,5112,5216,41962307nr 2006/07 3,505 393

6,120 31,8952,1986,5229393nr 2007/08 4,005 319

5,910 30,7781,4966,27041319nr 2008/09 4,370 404

6,850 35,7001,6327,2562404nr 2009/10 5,190 434

7,070 36,5001,7327,5040434nr 2010/11 5,375 397

7,100 36,5251,6607,4970397nr 2011/12 5,545 292

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

Where February 2006 - January 2007 is the 2005/06 MY.

November 2011

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


Area

Harvested

Beginning

Stocks


Supply


Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

20,000 17,1083,09721,5032511,2528,165 1998/99 17,933 473

21,200 16,5144,10921,9743014738,583 1999/00 17,449 416

27,800 19,5077,37728,50729141610,400 2000/01 20,587 543

30,000 22,3976,22130,84029754311,400 2001/02 23,597 1,022

35,500 24,8158,80936,8993771,02212,600 2002/03 26,140 1,950

33,000 25,0726,79935,6697191,95014,000 2003/04 26,509 2,361

39,000 29,56010,68642,0707092,36114,400 2004/05 31,010 374

40,500 32,7487,13241,8871,01337415,200 2005/06 34,221 534

48,800 35,96312,13351,6702,33653416,300 2006/07 37,463 2,074

46,200 31,88311,80351,2212,9472,07416,371 2007/08 33,454 5,964

32,000 28,5553,48638,1211575,96416,000 2008/09 30,140 4,495

54,500 39,19013,70158,99504,49518,600 2009/10 40,787 4,507

49,000 37,90010,35053,520134,50718,300 2010/11 39,540 3,630

52,000 39,65010,80055,63003,63019,000 2011/12 41,300 3,530

Meal, Soybean (Local)

13,650 17,10812,76114,89501,245nr 1998/99 325 1,809

13,113 16,51412,85414,92201,809nr 1999/00 335 1,733

15,492 19,50715,97917,22501,733nr 2000/01 325 921

17,762 22,39717,57218,6830921nr 2001/02 329 782

19,667 24,81519,16220,4490782nr 2002/03 375 912

19,741 25,07219,07820,6552912nr 2003/04 492 1,085

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 2007/08 632 555

22,519 28,55521,30323,0784555nr 2008/09 652 1,123

30,489 39,19028,38431,61201,123nr 2009/10 700 2,528

29,540 37,90027,82532,06802,528nr 2010/11 750 3,493

30,920 39,65029,92034,41303,493nr 2011/12 743 3,750

Oil, Soybean (Local)

3,118 17,1083,0853,7550637nr 1998/99 230 440

3,017 16,5142,8373,4570440nr 1999/00 242 378

3,630 19,5073,5104,0080378nr 2000/01 287 211

4,165 22,3973,6394,3760211nr 2001/02 357 380

4,672 24,8154,2455,0520380nr 2002/03 389 418

4,724 25,0724,4465,1420418nr 2003/04 392 304

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

7,459 39,1905,1807,6190160nr 2009/10 2,215 224

7,200 37,9004,6507,4240224nr 2010/11 2,550 224

7,550 39,6504,7807,7740224nr 2011/12 2,850 144

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

Where April 2006 - March 2007 is the 2005/06 MY.

November 2011

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


2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

none

Production none

4,347 Oilseed, Copra 4,466 4,465 4,480 4,424 4,424

9,544 Oilseed, Palm Kernel 10,241 10,685 11,231 11,786 11,786

1,453 Oilseed, Soybean 1,435 1,277 1,328 1,371 1,371

3,375 Other 3,483 3,475 3,435 3,464 3,464

18,719 Total 19,625 19,902 20,474 21,045 21,045

none

Imports none

117 Meal, Fish 129 103 132 132 132

428 Meal, Rapeseed 488 383 386 385 385

9,231 Meal, Soybean 9,558 10,460 10,595 10,617 10,717

334 Other 476 423 507 455 455

10,110 Total 10,651 11,369 11,620 11,589 11,689

none

Imports none

1,813 Oil, Palm 2,275 2,569 3,105 3,195 3,315

1 Oil, Rapeseed 1 1 1 1 1

270 Oil, Soybean 242 306 296 216 216

0 Oil, Sunflowerseed 0 0 0 0 0

596 Other 520 658 723 716 716

2,680 Total 3,038 3,534 4,125 4,128 4,248

none


541 Meal, Fish 609 526 558 558 558

428 Meal, Rapeseed 488 383 386 385 385

10,837 Meal, Soybean 11,041 12,006 12,482 13,379 13,479

2,128 Other 2,413 2,299 2,425 2,189 2,244

13,934 Total 14,551 15,214 15,851 16,511 16,666

none


9,793 Oil, Palm 10,328 11,160 12,668 13,152 13,227


466 Oil, Soybean 465 524 581 659 659


3,593 Other 3,868 3,969 4,188 4,065 4,065

13,931 Total 14,733 15,725 17,509 17,948 18,023

none

Industrial Dom. Cons. none

3,446 Oil, Palm 3,954 4,314 4,916 5,220 5,290


73 Oil, Soybean 74 75 76 79 79


2,573 Other 2,784 2,790 2,960 2,822 2,822

6,092 Total 6,812 7,179 7,952 8,121 8,191

none

Food Use Dom. Cons. none

5,907 Oil, Palm 5,905 6,354 7,222 7,357 7,362


393 Oil, Soybean 391 449 505 580 580


1,014 Other 1,076 1,169 1,216 1,231 1,231

7,393 Total 7,444 8,044 9,015 9,240 9,245

none

SME none

782 Meal, Fish 880 760 806 806 806

305 Meal, Rapeseed 347 273 275 274 274

10,837 Meal, Soybean 11,041 12,006 12,482 13,379 13,479

1,093 Other 1,208 1,153 1,222 1,136 1,156

13,016 Total 13,476 14,192 14,785 15,596 15,715

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

SME - 44 Percent Protein Soybean Meal Equivalent

November 2011

Table 25: Middle East Oilseeds and Products Supply and Distribution


2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

none

Production none

1,684 Oilseed, Cottonseed 1,277 1,129 1,154 1,495 1,545

0 Oilseed, Rapeseed 0 0 0 0 0

206 Oilseed, Soybean 229 249 272 262 262

758 Oilseed, Sunflowerseed 888 861 1,061 986 986

85 Other 85 90 85 85 85

2,733 Total 2,479 2,329 2,572 2,828 2,878

none

Imports none

62 Meal, Fish 53 53 51 56 56

54 Meal, Rapeseed 58 24 68 22 22

2,925 Meal, Soybean 3,471 3,576 4,091 4,200 4,200

528 Other 722 869 934 955 955

3,569 Total 4,304 4,522 5,144 5,233 5,233

none

Imports none

2,335 Oil, Palm 2,025 2,259 2,405 2,650 2,650


697 Oil, Soybean 397 378 761 629 529


38 Other 52 56 51 49 49

3,637 Total 3,395 3,279 3,897 4,084 3,984

none


65 Meal, Fish 56 54 54 59 59

295 Meal, Rapeseed 268 252 374 330 330

5,076 Meal, Soybean 5,364 5,718 6,009 6,342 6,342

1,698 Other 1,707 1,891 2,024 2,180 2,180

7,134 Total 7,395 7,915 8,461 8,911 8,911

none


1,789 Oil, Palm 1,828 1,905 1,985 2,084 2,084

129 Oil, Rapeseed 126 132 143 160 160

1,095 Oil, Soybean 939 924 1,021 1,116 1,097

1,003 Oil, Sunflowerseed 1,223 1,174 1,147 1,236 1,236

500 Other 512 503 532 565 565

4,516 Total 4,628 4,638 4,828 5,161 5,142

none


146 Oil, Palm 145 155 168 168 168

35 Oil, Rapeseed 33 33 35 40 40

66 Oil, Soybean 60 61 64 61 61


50 Other 42 54 56 51 51

319 Total 302 325 349 341 341

none


1,643 Oil, Palm 1,683 1,750 1,817 1,916 1,916

94 Oil, Rapeseed 93 99 108 120 120

1,009 Oil, Soybean 859 842 935 1,035 1,016

959 Oil, Sunflowerseed 1,179 1,131 1,101 1,193 1,193

450 Other 470 449 476 514 514

4,155 Total 4,284 4,271 4,437 4,778 4,759

none

SME none

94 Meal, Fish 81 78 78 85 85

210 Meal, Rapeseed 191 179 266 235 235

5,076 Meal, Soybean 5,364 5,718 6,009 6,342 6,342

1,499 Other 1,527 1,709 1,833 1,965 1,965

6,878 Total 7,163 7,684 8,186 8,627 8,627

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.


November 2011

Table 26: European Union (27): Oilseeds and Products Supply and Distribution


2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

none

Production none

18,358 Oilseed, Rapeseed 19,000 21,551 20,706 18,800 19,100

723 Oilseed, Soybean 639 836 1,048 1,220 1,220

4,799 Oilseed, Sunflowerseed 7,125 6,912 6,920 7,800 8,100

566 Other 451 350 396 459 535

24,446 Total 27,215 29,649 29,070 28,279 28,955

none

Imports none

506 Meal, Fish 564 427 400 450 450

109 Meal, Rapeseed 171 134 223 130 130

24,489 Meal, Soybean 20,993 20,730 22,000 23,000 23,000

3,880 Other 5,019 4,003 4,531 4,812 4,812

28,984 Total 26,747 25,294 27,154 28,392 28,392

none

Imports none

4,963 Oil, Palm 5,504 5,435 5,000 5,300 5,300

296 Oil, Rapeseed 454 441 488 550 550

1,036 Oil, Soybean 794 550 900 800 800

1,184 Oil, Sunflowerseed 1,030 936 800 1,530 1,530

1,551 Other 1,460 1,539 1,463 1,513 1,513

9,030 Total 9,242 8,901 8,651 9,693 9,693

none


845 Meal, Fish 820 755 700 750 750

10,413 Meal, Rapeseed 11,759 12,922 12,755 12,177 12,177

35,169 Meal, Soybean 31,579 30,138 31,308 32,279 32,279

6,495 Other 8,065 7,693 7,838 8,399 8,425

52,922 Total 52,223 51,508 52,601 53,605 53,631

none


4,717 Oil, Palm 5,220 5,210 5,150 5,180 5,180

7,574 Oil, Rapeseed 8,679 9,925 9,590 9,117 9,117

3,422 Oil, Soybean 2,749 2,397 2,867 2,720 2,720


3,619 Other 3,475 3,461 3,509 3,543 3,543

22,308 Total 23,288 24,445 24,575 24,701 24,743

none


1,777 Oil, Palm 2,210 2,183 2,200 2,310 2,310

4,919 Oil, Rapeseed 5,931 7,190 6,905 7,150 7,150

1,592 Oil, Soybean 1,085 1,030 1,547 1,430 1,430


552 Other 460 444 503 501 501

9,110 Total 9,956 11,147 11,405 11,641 11,641

none


2,720 Oil, Palm 2,750 2,750 2,700 2,600 2,600

2,650 Oil, Rapeseed 2,743 2,730 2,680 1,962 1,962

1,710 Oil, Soybean 1,564 1,287 1,200 1,200 1,200


3,041 Other 2,989 2,991 2,980 3,021 3,021

12,825 Total 12,939 12,908 12,766 12,671 12,713

none

SME none

1,221 Meal, Fish 1,185 1,091 1,012 1,084 1,084

7,409 Meal, Rapeseed 8,367 9,194 9,075 8,664 8,664

35,169 Meal, Soybean 31,579 30,138 31,308 32,279 32,279

4,745 Other 6,124 6,101 6,104 6,569 6,590

48,544 Total 47,255 46,524 47,499 48,596 48,617

EU-27 includes Austria, Belgium, Bulgaria, 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.

November 2011

Table 27: China Oilseeds and Products Supply and Distribution


2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

none

Production none

13,027 Oilseed, Peanut 14,286 14,708 15,640 15,500 15,500


13,400 Oilseed, Soybean 15,540 14,980 15,100 14,000 14,000

1,250 Oilseed, Sunflowerseed 1,790 1,956 1,900 2,000 2,000

14,500 Other 14,400 12,540 11,953 13,130 13,130

52,750 Total 58,116 57,841 57,693 57,430 57,430

none

Imports none

1,351 Meal, Fish 1,311 1,042 1,100 1,150 1,150

302 Meal, Rapeseed 260 993 1,413 1,000 1,000

203 Meal, Soybean 215 83 294 300 300

101 Other 24 40 60 10 10

1,957 Total 1,810 2,158 2,867 2,460 2,460

none

Imports none

5,223 Oil, Palm 6,118 5,760 5,711 6,650 6,300

6 Oil, Peanut 20 47 68 30 30

277 Oil, Rapeseed 453 785 647 800 800

2,727 Oil, Soybean 2,494 1,514 1,319 1,600 1,400


523 Other 563 726 619 800 650

8,758 Total 9,773 9,001 8,387 10,030 9,330

none


1,646 Meal, Fish 1,618 1,258 1,315 1,365 1,365

7,069 Meal, Rapeseed 8,317 10,022 10,317 9,730 9,730

30,849 Meal, Soybean 31,673 37,546 43,382 47,595 47,595

7,694 Other 7,952 7,606 7,702 7,874 7,896

47,258 Total 49,560 56,432 62,716 66,564 66,586

none


5,222 Oil, Palm 5,618 5,930 5,797 6,599 6,190

2,016 Oil, Peanut 2,184 2,227 2,432 2,407 2,407

4,139 Oil, Rapeseed 4,853 5,641 5,965 5,640 5,690

9,693 Oil, Soybean 9,486 10,435 11,109 12,350 12,150


2,144 Other 2,158 2,188 2,027 2,266 2,123

23,343 Total 24,738 26,914 27,659 29,739 29,037

none


3,222 Oil, Palm 3,568 3,880 3,717 4,324 4,040

2,016 Oil, Peanut 2,184 2,227 2,432 2,407 2,407

4,139 Oil, Rapeseed 4,853 5,641 5,965 5,640 5,690

9,693 Oil, Soybean 9,486 10,435 11,109 12,350 12,150


1,775 Other 1,707 1,750 1,606 1,766 1,673

20,974 Total 22,237 24,426 25,158 26,964 26,437

none

SME none

2,378 Meal, Fish 2,338 1,818 1,900 1,972 1,972

5,030 Meal, Rapeseed 5,918 7,131 7,341 6,923 6,923

30,849 Meal, Soybean 31,673 37,546 43,382 47,595 47,595

7,100 Other 7,382 7,115 7,260 7,402 7,420

45,357 Total 47,310 53,610 59,882 63,893 63,910


November 2011

Table 28: India Oilseeds and Products Supply and Distribution


2007/08 2008/09 2009/10 2010/11

Oct

2011/12

Nov

2011/12

none

Production none

10,400 Oilseed, Cottonseed 9,600 9,800 10,800 11,700 11,700

6,800 Oilseed, Peanut 6,250 4,900 6,000 5,100 5,100


9,470 Oilseed, Soybean 9,100 9,700 9,800 10,600 10,600

1,120 Oilseed, Sunflowerseed 1,000 820 500 590 590

713 Other 749 749 749 749 749

33,953 Total 33,399 32,369 34,849 35,739 35,739

none

Imports none

0 Oil, Cottonseed 5 9 0 0 0

5,013 Oil, Palm 6,867 6,603 6,661 7,250 7,250

0 Oil, Peanut 0 0 0 0 0


733 Oil, Soybean 1,060 1,598 945 850 850


143 Other 231 232 197 205 205

5,907 Total 8,788 9,071 8,584 9,135 9,135

none


3,473 Meal, Cottonseed 3,373 3,424 3,745 4,075 4,075

1,843 Meal, Peanut 1,777 1,326 1,640 1,438 1,438

1,970 Meal, Rapeseed 2,475 2,500 2,540 2,660 2,660

1,450 Meal, Soybean 1,950 2,745 3,105 3,440 3,440

481 Meal, Sunflowerseed 424 349 190 233 233

274 Other 310 339 332 332 332

9,491 Total 10,309 10,683 11,552 12,178 12,178

none


1,054 Oil, Cottonseed 1,038 1,060 1,141 1,241 1,241

5,075 Oil, Palm 6,230 6,440 7,135 7,700 7,700

1,582 Oil, Peanut 1,455 1,320 1,395 1,290 1,290

1,967 Oil, Rapeseed 2,099 2,076 2,345 2,480 2,480

2,330 Oil, Soybean 2,300 2,810 2,650 2,700 2,700

398 Oil, Sunflowerseed 731 910 936 1,000 1,000

583 Other 655 673 665 653 653

12,989 Total 14,508 15,289 16,267 17,064 17,064

none


1,021 Oil, Cottonseed 1,000 1,021 1,100 1,200 1,200

4,850 Oil, Palm 6,000 6,200 6,875 7,400 7,400

1,567 Oil, Peanut 1,440 1,305 1,380 1,280 1,280

1,967 Oil, Rapeseed 2,099 2,076 2,345 2,480 2,480

2,330 Oil, Soybean 2,300 2,810 2,650 2,700 2,700

398 Oil, Sunflowerseed 731 910 936 1,000 1,000

257 Other 325 331 320 308 308

12,390 Total 13,895 14,653 15,606 16,368 16,368

none

SME none

2,814 Meal, Cottonseed 2,733 2,774 3,035 3,302 3,302

2,072 Meal, Peanut 1,997 1,490 1,843 1,616 1,616

1,402 Meal, Rapeseed 1,761 1,779 1,807 1,893 1,893

1,450 Meal, Soybean 1,950 2,745 3,105 3,440 3,440

454 Meal, Sunflowerseed 400 330 179 220 220

123 Other 139 151 147 147 147

8,315 Total 8,981 9,269 10,117 10,618 10,618


November 2011

Year Rapeseed Copra

Beg U.S. U.S. Brz Arg Rott U.S. Rott U.S. Rott Hamb Rott

Oct 1 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 11/

Oct - Sep Average00/01-09/10 265 272 286 285 327 443 1053 321 368 341 448

2000/01 167 169 180 175 200 582 888 167 219 202 2082001/02 170 174 183 179 203 389 700 238 287 220 2452002/03 209 232 217 221 267 415 963 265 286 285 2872003/04 291 294 277 285 323 425 976 282 321 317 4242004/05 217 214 232 228 277 402 915 316 313 262 4312005/06 205 202 228 227 261 383 857 261 291 292 3872006/07 254 264 279 279 335 394 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 1,209 342 452 419 613

2010/11 Oct 375 411 471 468 493 472 1,395 459 634 540 947 Nov 408 452 486 492 526 492 1,495 421 693 583 1013 Dec 426 472 501 513 547 529 1,520 454 689 656 1154 Jan 426 499 529 544 572 505 1,580 483 716 693 1354 Feb 467 499 526 532 570 507 1,580 604 714 666 1503 Mar 467 488 506 512 553 516 1,646 631 684 663 1280 Apr 481 492 502 506 556 511 1,770 637 684 701 1421 May 485 493 499 489 556 505 1,894 655 693 670 1419 Jun 485 498 508 511 558 511 1,923 642 663 670 1186 Jul 485 502 529 526 559 527 2,068 668 615 658 1121 Aug 492 499 533 527 558 511 2,275 710 594 639 985 Sep 448 482 508 513 543 511 2,360 725 555 628 867 Average 454 482 508 511 549 508 1,792 591 661 647 1188

2011/12 *Oct 437 464 475 468 503 578 2,400 688 524 607 804 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Average 437 464 475 468 503 578 2,400 688 524 607 804

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

* Preliminary

3/ Rio Grande, Brazil FOB; Safras & Mercado or FOB Paranagua Reuters 4/ Argentina FOB Up River; Reuters 5/ Rotterdam CIF; U.S.; 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; Wall Street Journal.

11/9/2011 8:23:39 AM

November 2011

Year Fish

Beg U.S. Brz Arg Hamb U.S. Rott Hamb

Oct 1 1/ 2/ 3/ 4/ 6/ 7/ 8/

Oct - Sep Average00/01-09/10 255 228 206 282 124 160 916

2000/01 191 187 168 188 100 118 4592001/02 180 174 157 174 95 110 5922002/03 200 163 152 197 101 106 5982003/04 282 211 188 273 122 149 6492004/05 202 172 157 231 94 120 6652005/06 192 176 158 215 85 122 1,0602006/07 226 199 181 276 116 178 1,2202007/08 370 337 299 469 191 298 1,1462008/09 365 333 290 401 168 178 1,1032009/10 343 327 311 391 167 222 1,668

2010/11 Oct 355 380 382 417 210 295 1,710 Nov 377 404 405 428 233 275 1,609 Dec 388 403 407 436 240 271 1,520 Jan 406 401 417 454 227 275 1,631 Feb 395 408 410 447 231 278 1,793 Mar 381 384 384 423 231 270 1,796 Apr 370 372 373 406 216 244 1,776 May 377 367 367 403 224 218 1,621 Jun 383 361 366 395 265 243 1,547 Jul 382 373 374 405 266 236 1,490 Aug 385 376 378 402 272 217 1,435 Sep 371 362 368 396 291 225 1,353 Average 381 383 386 418 242 254 1,607

2011/12 *Oct 332 343 346 378 256 226 1,359 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Average 332 343 346 378 256 226 1,359

1/ Decatur, Average Wholsale 48% Protein; USDA. 2/ Rio Grande, Brazil FOB; Bulk Rate45-46% Protein; Reuters. 3/ Argentina Pellets, FOB Up River; Reuters4/ Hanburg FOB Ex-Mill; Oil World. 5/ Memphis FOB; 41% Protein Solvent Extraction; USDA6/ Minneapolis FOB; 32% Protein; USDA. 7/ Rotterdam CIF; Argentina Pellet 37-38%;Oil World. 8/ Bremen (Hamburg prior to Mar 2006) 64-65% Protein; Oil World.9/ Hamburg FOB; Ex-Mill 34% Protein; Oil World.* Preliminary

U.S.

5/

193

158

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

Soybean SunseedCottonseed

159166280

244

146161202137

271285283265

281

248259265

381302

282

304339345378

282

Rapeseed

Hamb

9/

174

141129139

298195

284

221

178131129184

266278280287

289289310290

243

263251254278

11/9/2011 8:23:39 AM

243

November 2011

Year Cottonseed Palm Canola Coconut Corn

Begin 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 Average00/01-09/10 618 612 607 688 764 975 789 1,236 1,156 541 757 678 696

2000/01 311 295 295 336 352 350 428 768 685 235 372 323 2992001/02 363 376 376 412 396 513 587 716 659 329 451 388 4222002/03 486 489 491 534 832 731 592 1,034 1,139 421 588 449 6212003/04 661 567 542 633 688 738 663 1,317 1,178 481 670 630 6252004/05 507 466 471 545 609 962 703 1,171 1,102 392 660 636 6142005/06 516 474 467 573 649 896 635 981 931 416 770 583 5552006/07 684 673 667 771 787 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 1,291 793 927 921 866

2010/11 Oct 970 1,040 1,039 1,157 1,041 1,235 1,284 1,574 1,331 997 1,156 1,412 1,047 Nov 1,050 1,130 1,141 1,247 1,119 1,389 1,441 1,656 1,728 1,107 1,249 1,512 1,046 Dec 1,136 1,208 1,215 1,322 1,190 1,387 1,454 1,717 1,753 1,196 1,396 1,715 1,206 Jan 1,187 1,269 1,273 1,374 1,233 1,634 1,492 1,765 1,788 1,256 1,447 2,038 1,277 Feb 1,195 1,280 1,277 1,365 1,251 1,888 1,456 1,756 1,730 1,282 1,402 2,256 1,398 Mar 1,192 1,232 1,218 1,307 1,224 2,133 1,389 1,709 1,650 1,196 1,414 1,925 1,493 Apr 1,249 1,229 1,218 1,315 1,272 2,231 1,405 1,735 1,680 1,167 1,450 2,089 1,519 May 1,237 1,210 1,203 1,294 1,236 2,287 1,411 1,826 NA 1,199 1,412 2,097 1,506 Jun 1,228 1,226 1,236 1,324 1,218 2,276 1,461 1,731 1,980 1,123 1,410 1,803 1,470 Jul 1,216 1,242 1,250 1,337 1,207 2,138 1,433 1,941 2,120 1,123 1,391 1,662 1,367 Aug 1,199 1,243 1,245 1,330 1,207 2,094 1,327 2,107 N/A 1,133 1,363 1,454 1,367 Sep 1,215 1,210 1,220 1,305 1,220 2,090 1,299 2,150 N/A 1066 1,315 1,305 1278 Average 1,173 1,210 1,211 1,306 1202 1,899 1,404 1,806 1,751 1,154 1,367 1,772 1,331

2011/12 *Oct 1,140 1,118 1,129 1,220 1,137 2,039 1,212 2,138 N/A 970 1,275 1,208 1,196 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Average 1140 1118 1129 1220 1137 2,039 1,212 2,138 #DIV/0! 970 1,275 1,208 1,1961/ Decatur; Average Wholesale Tank Crude; USDA. 2/ Brazil FOB; Bulk Rate; Reuters. 3/ Argentina FOB;Oilworld or Reuters 4/ Dutch FOB; Ex-Mill; Oil World. 5/ Valley Points FOB. Tank Cars Crude; 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. 14/ Decatur; Crude; AMS * Preliminary

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

11/9/2011 8:23:39 AM

Soybean Sunseed Peanut

November 2011

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