global soybean stocks rise with record crops

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

Circular Series May 2014

Global Soybean Stocks Rise with Record Crops

Global soybean ending stocks in 2014/15 (local year basis) are forecast to jump by nearly 35 percent. Area expansion, encouraged by sustained high prices and better weather, has already led to record 2014 production in South America. Furthermore, record crops are forecast in the United States and Canada for harvest later this year. With production gains outpacing consumption growth, the surplus is expected to replenish global stocks. This forecast surge in stocks is likely to pressure prices lower from their current levels. This, in turn, would be expected to discourage significant area and production expansion in South America for crops harvested in early 2015. However, with demand growth in China slowing somewhat over the coming year, there could be additional stock building in South America. For an email subscription, click here to register: http://www.fas.usda.gov/data/oilseeds-world-markets-and-trade

http://www.fas.usda.gov/data/oilseeds-world-markets-and-trade

OVERVIEW 2014/15 Prevailing competitive prices are expected to boost global soybean production to a record level. Global import demand is forecast to rise, driven by China, the EU, Thailand, and Vietnam. Global trade for soybean meal expands, driven by demand in the EU, while India boosts demand for soybean oil. With a record crop, U.S. exports are forecast to reach a new high and replenish stocks. U.S. season average farm price is projected lower at to $10.75 per bushel. 2013/14 Global soybean production is marginally lower while trade is higher, driven by larger exports from Argentina and the United States. U.S. exports are estimated to reach a new high reflecting relatively strong shipments well into spring. U.S. imports are raised on prospective large shipments from South America this summer. Despite estimated record imports, stocks remain tight, and the U.S. season average farm price is raised to $13.10 per bushel. SOYBEAN PRICES U.S. export bids, FOB Gulf, in April averaged $580 per ton, up $19 from last month. Higher prices reflect continued strong foreign demand, implying unusually large crush figures for March and tight stocks. As of the week ending May 1, U.S. 2013/14 soybean commitments (outstanding sales plus accumulated exports) to China totaled 27.6 million tons compared to 21.8 million a year ago. Total commitments to the world are 44.6 million tons, compared to 36.5 million for the same period last year.

May 2014

2014/15 OUTLOOK

• Global soybean production in 2014/15 is expected to approach a record 300 million tons as recent high prices spur additional plantings in the United States, Canada, and Ukraine. The resulting increase in supply will alleviate the tight market conditions that currently exist in the United States and pressure prices lower. Despite forecast record U.S. exports and large crush, ending stocks are expected to top 9 million tons, the largest since 2006/07. Lower prices are forecast to reduce area expansion in South America with significant forecast production increases limited to Brazil. Exports from the region are forecast to be only marginally higher as import demand, led by China, is expected to grow at a slower pace. As in the U.S., local year ending stocks should continue to grow in South America reaching record levels by early 2016. Stocks in Argentina will likely account for more than half the region’s reserves.

• Global soybean meal trade is forecast to grow at trend to a record 65 million tons in 2014/15. Growing Argentine crush, in contrast to minimal increases in other exporting countries, will allow Argentina to capture two-thirds of the forecast export growth. Declines in sunflower seed and rapeseed production should reduce some of the competitive pressure in protein meal markets. Lower soybean prices are also expected to translate into reduced product prices further adding to soybean meal’s competitiveness in protein markets. Soybean oil exports are also forecast to grow in the coming year, with Argentina capturing most of the growth. Lower prices and reduced premium vis-à-vis palm oil is expected to increase trade, particularly to India. China’s soybean oil imports are forecast to remain unchanged as larger domestic production will keep pace with growing demand.

o U.S. soybean exports of soybeans are projected up 680,000 tons to 44.2 million tons, meal is up 182,000 tons to 10.2 million, and oil is up 68,000 tons to 771,000.

o Argentina’s soybean exports are projected unchanged from 2013/14 at 9.0 million, meal is up 2.0 million to 29.8 million, and oil is up 300,000 to 4.8 million.

o Brazil’s soybean exports are projected up 500,000 at 45.0 million tons, meal up 220,000 tons to 14 million, and oil remains at 1.4 million.

o China’s soybean imports are projected up 3 million tons to 72.0 million and oil steady at 1.4 million.

o EU’s soybean imports are projected up 200,000 tons at 12.5 million and meal up 900,000 tons at 19.8 million.

• Global rapeseed production is forecast to decline in 2014/15 as area remains steady and yield

return to trend levels. Production in the major exporting countries, Canada, Australia, and Ukraine are all lower though supplies in Canada, given the large carry-over from 2013/14, remain unchanged. Larger production in China and the EU will lead to lowered import demand, offsetting reduced exports by Australia and Ukraine. Canada’s crush is forecast to grow with the additional supplies of meal and oil destined for the U.S. market.

o U.S. rapeseed imports are projected down 135,000 tons to 750,000 tons, meal up 132,000 tons to 3.4 million, and oil up 225,000 tons to 1.7 million.

o Canada’s rapeseed exports are projected to remain at 8.1 million tons, meal up 250,000 tons to 3.6 million, and oil up 160,000 tons to 2.7 million.

o China’s rapeseed imports are projected down 200,000 tons to 3.5 million tons and oil up 100,000 tons to 1.4 million.

May 2014

• Global sunflower seed production is projected lower in 2014/15 as reduced plantings in the EU, Russia, and Turkey are only partially offset by gains in Argentina and the United States. Ukraine’s production is forecast to decline as yields are reduced to trend. Global trade for sunflower seed is expected to rise marginally, supported by larger exports for China and the United States. Russia and Ukraine’s exports will likely remain at 2013/14 levels. Global crush is expected to decline only slightly as both Russia and Ukraine draw down stocks to satisfy demand for meal and oil in export markets. Global trade in sunflower seed meal is expected to remain at the 2013/14 level, pressured by the availability of competitively priced soybean meal. Global sunflower seed oil trade is set to rise, supported by strong import demand in the Middle East, North Africa, China and India.

o Ukraine’s meal exports are projected down 300,000 tons to 3.7 million tons and oil, down 60,000 tons to 3.7 million.

o Russia’s exports of both meal and oil are projected up 100,000 tons each to 1.6 million and 1.7 million, respectively.

o EU meal imports are projected down 200,000 tons to 3.4 million and for oil, down 50,000 tons to 950,000.

o China’s sunflower seed oil imports are projected up 50,000 tons to 500,000, while India’s are up 100,000 to 1.4 million.

• Global palm oil production in 2014/15 is projected to exceed the prior year’s record by 6 percent, largely on gains in Indonesia. Though still primarily a food oil, industrial applications for palm oil are expanding, particularly in Indonesia and Malaysia where emphasis is being made on value-added products. Global palm oil trade is expected to rebound from the prior year’s contraction, reaching a new record primarily on rising demand in South and East Asia.

o Indonesia’s exports are forecast up 1.6 million tons to 22.0 million, while Malaysia’s are

up 400,000 tons to 17.7 million. o India’s imports are forecast up 500,000 tons at 8.8 million; Pakistan’s are up 200,000

tons at 2.7 million; Bangladesh’s are up 200,000 at 1.3 million tons; China’s are up 300,000 tons to 6.6 million, and EU is up 100,000 tons to 6.3 million.

• Global palm kernel production in 2014/15 is up, with the majority crushed in the country of

origin. Palm kernel meal trade is forecast to rise, with both Indonesia and Malaysia shipping primarily to the EU. However, the strongest year-to-year import growth is expected for New Zealand. Palm kernel oil imports are forecast to grow modestly, particularly in the key markets of the EU, China, India, and the United States.

o Indonesia’s meal exports are up 100,000 tons to 3.9 million, and oil up 50,000 tons to 1.8 million.

o Malaysia’s meal exports are up 125,000 tons to 2.5 million, and oil flat at 1.0 million. o EU meal imports are steady at 2.6 million tons, and oil remains at 620,000. o New Zealand’s meal imports are up 100,000 tons to 1.8 million. o China’s oil imports are up 25,000 tons to 575,000, while the United States is up 5,000

tons to 300,000.

May 2014

• Global copra production in 2014/15 is down slightly, mostly on a smaller crop in the Philippines. Trade is expected up slightly, as Philippine’s imports are expected to rise. In response to lower total production, crush is down, reducing copra meal and coconut oil supplies. Copra meal trade is forecast to remain flat as the potential to increase Philippine and Indonesian exports is limited. Coconut oil production is lower and stocks continue to tighten as import demand continues to remain strong in the United States, the EU, China, and Malaysia.

o Philippine copra meal exports are flat at 525,000 tons, and coconut oil steady at 800,000 tons.

o Indonesia’s copra meal exports continue at 300,000 tons, and coconut oil unchanged at 700,000 tons.

o South Korea’s copra meal imports rise 25,000 tons to 575,000. o EU coconut oil imports remain at 600,000 tons, while the United States is down 23,000

tons to 499,000. • Global peanut production in 2014/15 is forecast to approach a record 41 million tons with

production increases in all major producer and exporter countries. Peanut area in the United States is forecast to rebound from the previous year’s plantings, yet fall below the level reached in 2012. Global trade is expected to remain relatively unchanged from 2013/14 leading to stock building in both the U.S. and Argentina. With global supplies more than adequate, further price weakening is expected, boosting competitiveness of peanuts in the snack food sector.

o U.S. exports are nearly unchanged at 431,000 tons. o Argentina’s exports are up 50,000 tons to 700,000 in response to increased production. o China’s exports are up 50,000 tons to 600,000. o India’s exports are down 100,000 tons to 650,000 due to growing competition and

domestic demand. o EU peanut imports are up slightly to 800,000 tons.

• Weakness in cotton markets is forecast to reduce area and cottonseed production in 2014/15.

Global cottonseed production is forecast to decline to 43.3 million tons, the lowest since 2009/10. While U.S. production is expected to rise from last season’s reduced level, many of the remaining producers will see flat to lower production. Cottonseed oil prices, currently at high levels in the U.S., are expected to soften somewhat as the U.S. supply situation improves slightly.

o Australia’s cottonseed exports are down 100,000 tons to 350,000. o U.S. cottonseed exports are up 46,000 tons at 227,000, while imports are down 100,000

tons to zero. • Global olive oil production is forecast to grow slightly in 2014/15 to 3.2 million tons. Supplies in

the EU will be sufficient to meet domestic and export demand. U.S. imports should continue to recover after falling in 2012/13 in response to a shortfall in EU production that pushed prices temporarily higher.

o EU exports are up 30,000 tons to 580,000. o U.S. imports are raised 9,000 tons at 315,000.

May 2014

• Global fishmeal trade is expected to rise as strong demand in importing countries stimulates trade

in 2014/15. In particular, although Peru’s catch is likely to remain relatively steady, demand growth in China continues to grow. As a result, total stocks of fishmeal, particularly in Peru, are expected to decline.

o Peru’s exports are up 120,000 tons to 1.05 million. o Chile’s exports are steady at 300,000 tons. o China’s imports are raised 30,000 tons to 1.1 million.

2013/14 TRADE OUTLOOK • United States

o Soybean exports are up 544,000 tons to 43.5 million on continued strong shipments to date.

o Soybean imports are up 680,000 tons to a record 2.4 million on prospective large shipments from South America this summer.

• Argentina o Soybean exports are up 1.0 million tons to 9.0 million on larger supplies. o Soybean meal exports are up 475,000 tons to 27.8 million on expanded crush. o Sunflowerseed oil exports are cut 100,000 tons to 520,000 on slowing trade pace.

• Canada

o Soybean exports are cut 130,000 tons to 3.4 million on the pace of trade. o Soybean meal imports are down 100,000 tons to 950,000 on trade pace. o Rapeseed exports are down 200,000 tons to 8.1 million on trade to date. o Rapeseed meal exports are down 270,000 tons to 3.3 million on reduced supplies. o Rapeseed oil exports are down 180,000 tons to 2.5 million on lower supplies.

• China

o Soybean oil imports are cut 120,000 tons to 1.4 million reflecting trade to date. o Palm oil imports are cut 100,000 tons to 6.3 million on slower imports to date.

• European Union

o Soybean meal imports are cut 200,000 tons to 18.9 million reflecting slower imports from South America.

o Rapeseed imports are cut 100,000 tons to 3.3 million on smaller shipments from Ukraine. o Coconut oil imports are cut 100,000 tons to 600,000 to reflect reduced exportable supplies

in the Philippines. • India’s palm oil imports are down 450,000 tons to 8.3 million. Soybean oil imports are up

270,000 tons to 1.5 million as trade policy and prices have shifted demand from palm oil to soybean oil.

• Indonesia o Palm kernel meal exports are raised 150,000 tons to 3.8 million on a strong pace to date. o Palm oil exports are cut 300,000 tons to 20.4 million on reduced exports to India and

Malaysia.

May 2014

• Iran’s soybean meal imports are up 300,000 tons to 2.5 million on loosening trade restrictions.

• Malaysia’s palm oil imports are lowered 550,000 tons to 250,000 and palm kernel oil imports are cut by 435,000 tons to 200,000 as trade with Indonesia is severely curtailed.

• Mexico’s soybean meal imports are cut 230,000 tons to 1.3 million on trade pace.

• New Zealand’s palm kernel meal imports are raised by 100,000 tons to 1.7 million to reflect

shipments to date and growing demand.

• Pakistan’s rapeseed imports are up 100,000 tons to 800,000 on recent large purchases.

• Paraguay’s soybean meal exports are down 150,000 tons to 2.5 million on lower supplies.

• Peru’s fish meal exports are down 170,000 tons to 930,000 on a reduced catch.

• Taiwan’s soybean imports are down 100,000 tons to 2.2 million on trade to date.

• Ukraine’s soybean exports are slashed 200,000 tons to 1.7 million on a slower pace.

Questions may be directed to: Bill George (202) 720-6234 [email protected] Yoonhee Macke (202) 690-4199 [email protected] Rachel Trego (202) 720-1073 [email protected] To download the tables in the publication, go to Production, Supply and Distribution Database (PSD Online): (http://apps.fas.usda.gov/psdonline/psdHome.aspx), scroll down to Reports, and Click the plus sign [+] next to 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 Market and Trade and World Agricultural Production Reports:

http://apps.fas.usda.gov/psdonline/psdDataPublications.aspx Archives World Market and Trade and World Agricultural Production Reports:

http://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7 Production, Supply and Distribution Database (PSD Online): http://apps.fas.usda.gov/psdonline/psdHome.aspx Global Agricultural Trade System (U.S. Exports and Imports):

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

May 2014

mailto:[email protected]



http://apps.fas.usda.gov/psdonline/psdHome.aspx

http://apps.fas.usda.gov/psdonline/psdDataPublications.aspx

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

http://apps.fas.usda.gov/psdonline/psdHome.aspx

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/

May 2014

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/

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

none

Production none

5.71 Oilseed, Copra 5.89 5.56 5.80 5.58 5.53

39.47 Oilseed, Cottonseed 44.26 47.98 46.31 44.38 43.29

12.43 Oilseed, Palm Kernel 12.92 13.77 14.79 15.45 16.33

36.16 Oilseed, Peanut 39.86 38.29 40.11 39.89 40.86

61.06 Oilseed, Rapeseed 60.57 61.49 63.44 71.07 68.64

260.60 Oilseed, Soybean 264.15 239.53 267.85 283.79 299.82

32.13 Oilseed, Sunflowerseed 33.35 39.67 36.06 42.86 40.75

447.57 Total 461.00 446.28 474.35 503.01 515.22

none

Imports none

0.10 Oilseed, Copra 0.14 0.08 0.04 0.06 0.09



1.98 Oilseed, Peanut 2.34 2.35 2.30 2.24 2.28


86.82 Oilseed, Soybean 88.76 93.46 95.56 106.68 108.33


101.71 Total 103.78 111.84 112.77 125.46 126.40

none

Exports none

0.10 Oilseed, Copra 0.11 0.11 0.08 0.08 0.09



2.38 Oilseed, Peanut 2.89 2.95 2.68 2.88 2.85


91.44 Oilseed, Soybean 91.70 92.15 100.65 110.64 112.33


106.91 Total 108.38 111.22 118.32 130.32 131.48

none

Crush none

5.65 Oilseed, Copra 5.95 5.50 5.88 5.55 5.51



15.27 Oilseed, Peanut 16.59 16.59 17.34 17.61 18.24


209.18 Oilseed, Soybean 221.39 228.11 229.26 239.02 248.45


359.17 Total 378.04 394.66 396.32 414.41 424.20

none

Ending Stocks none

0.35 Oilseed, Copra 0.29 0.29 0.14 0.11 0.10



1.62 Oilseed, Peanut 2.34 1.53 2.09 1.92 2.15


60.94 Oilseed, Soybean 70.36 53.59 57.04 66.98 82.23


75.66 Total 84.32 65.26 67.05 80.23 94.82

Totals may not add due to rounding

May 2014

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

none

Production none

1.86 Meal, Copra 1.97 1.82 1.95 1.85 1.84

13.81 Meal, Cottonseed 14.83 15.64 15.64 15.31 15.02

3.87 Meal, Fish 4.89 3.96 4.18 4.16 4.16

6.62 Meal, Palm Kernel 6.77 7.22 7.76 8.17 8.36

5.95 Meal, Peanut 6.47 6.47 6.77 6.87 7.13

33.41 Meal, Rapeseed 34.60 35.63 36.91 38.33 38.41

164.95 Meal, Soybean 174.68 180.42 180.67 188.32 196.10

13.08 Meal, Sunflowerseed 13.24 15.82 14.25 16.64 16.29

243.55 Total 257.44 266.98 268.13 279.65 287.30

none

Imports none

0.78 Meal, Copra 0.55 0.78 0.86 0.84 0.87

0.37 Meal, Cottonseed 0.49 0.42 0.44 0.41 0.43

2.62 Meal, Fish 2.66 2.91 2.35 2.58 2.59

4.32 Meal, Palm Kernel 4.57 5.00 5.26 5.34 5.46

0.11 Meal, Peanut 0.12 0.04 0.03 0.07 0.05

3.62 Meal, Rapeseed 4.97 5.09 5.19 5.46 5.40

53.48 Meal, Soybean 56.91 57.05 53.78 57.94 60.61


68.79 Total 74.12 77.38 72.58 78.39 81.10

none

Exports none

1.08 Meal, Copra 0.59 0.79 1.04 0.86 0.85

0.38 Meal, Cottonseed 0.42 0.51 0.48 0.44 0.38

2.27 Meal, Fish 2.49 2.56 2.13 2.24 2.37

4.97 Meal, Palm Kernel 5.20 5.81 6.07 6.26 6.48

0.13 Meal, Peanut 0.15 0.07 0.08 0.08 0.09

3.48 Meal, Rapeseed 5.10 5.37 5.38 5.45 5.79

55.61 Meal, Soybean 58.55 58.27 57.76 61.77 64.76


72.01 Total 77.09 80.14 78.01 83.40 86.88

none

Domestic Consumption none

1.85 Meal, Copra 1.84 1.74 1.90 1.82 1.85

13.73 Meal, Cottonseed 14.91 15.53 15.60 15.31 15.14

4.61 Meal, Fish 4.63 4.75 4.27 4.50 4.51

5.90 Meal, Palm Kernel 6.20 6.53 6.98 7.23 7.35

5.95 Meal, Peanut 6.43 6.48 6.72 6.85 7.10

33.35 Meal, Rapeseed 34.42 35.27 37.05 38.15 38.05

160.98 Meal, Soybean 171.01 177.77 176.47 183.34 191.92


238.80 Total 251.94 262.73 263.48 273.01 281.80

none

Ending Stocks none

0.04 Meal, Copra 0.13 0.21 0.08 0.09 0.10

0.20 Meal, Cottonseed 0.19 0.21 0.20 0.18 0.11

0.19 Meal, Fish 0.61 0.17 0.30 0.30 0.17

0.32 Meal, Palm Kernel 0.24 0.13 0.10 0.13 0.11

0.06 Meal, Peanut 0.07 0.04 0.04 0.04 0.04

0.45 Meal, Rapeseed 0.51 0.59 0.27 0.46 0.43

6.63 Meal, Soybean 8.65 10.08 10.29 11.44 11.47


8.51 Total 11.04 12.53 11.75 13.39 13.11


May 2014

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

none

Production none

3.52 Oil, Coconut 3.71 3.41 3.66 3.45 3.43

4.59 Oil, Cottonseed 4.96 5.21 5.21 5.07 4.99

3.08 Oil, Olive 3.25 3.24 2.38 3.10 3.19

46.07 Oil, Palm 48.76 52.01 55.97 58.77 62.35

5.60 Oil, Palm Kernel 5.73 6.13 6.52 6.83 7.23

4.89 Oil, Peanut 5.33 5.31 5.54 5.63 5.84

22.55 Oil, Rapeseed 23.47 24.12 24.98 25.90 26.02

38.79 Oil, Soybean 41.30 42.60 42.82 44.65 46.34

12.28 Oil, Sunflowerseed 12.42 14.87 13.45 15.83 15.52

141.38 Total 148.93 156.90 160.52 169.23 174.89

none

Imports none

2.28 Oil, Coconut 1.78 1.82 1.87 1.68 1.67

0.07 Oil, Cottonseed 0.07 0.08 0.07 0.06 0.07

0.52 Oil, Olive 0.55 0.62 0.65 0.61 0.66

35.42 Oil, Palm 36.49 38.99 41.82 40.87 42.70

2.55 Oil, Palm Kernel 2.43 2.54 2.77 2.41 2.52

0.19 Oil, Peanut 0.20 0.16 0.16 0.17 0.17

2.92 Oil, Rapeseed 3.31 4.01 3.88 3.94 4.22

8.72 Oil, Soybean 9.50 7.95 8.43 8.97 9.20


56.39 Total 57.98 61.83 64.55 64.82 67.56

none

Exports none

2.17 Oil, Coconut 1.71 1.88 1.91 1.73 1.73

0.11 Oil, Cottonseed 0.14 0.17 0.15 0.13 0.14

0.68 Oil, Olive 0.75 0.85 0.79 0.72 0.78

36.55 Oil, Palm 37.42 40.01 43.32 42.28 44.19

2.97 Oil, Palm Kernel 2.89 2.84 3.23 3.03 3.10

0.19 Oil, Peanut 0.18 0.18 0.20 0.19 0.21

2.76 Oil, Rapeseed 3.42 3.97 3.93 3.92 4.16

9.16 Oil, Soybean 9.64 8.47 9.32 9.42 9.76


59.05 Total 60.66 64.78 68.28 68.23 70.95

none


3.84 Oil, Coconut 3.67 3.53 3.77 3.49 3.41

4.59 Oil, Cottonseed 4.78 5.13 5.18 5.03 4.93

2.97 Oil, Olive 3.03 3.07 2.59 2.94 3.04

44.48 Oil, Palm 47.18 49.97 54.62 57.25 60.48

5.04 Oil, Palm Kernel 5.15 5.72 6.16 6.31 6.73

5.04 Oil, Peanut 5.31 5.34 5.51 5.60 5.79

22.63 Oil, Rapeseed 23.44 23.67 23.62 25.03 26.02

38.21 Oil, Soybean 40.71 42.04 42.32 44.33 45.73


138.59 Total 145.09 151.62 157.00 164.60 171.32

none

Ending Stocks none

0.64 Oil, Coconut 0.75 0.57 0.42 0.33 0.29

0.16 Oil, Cottonseed 0.27 0.26 0.22 0.20 0.20

0.60 Oil, Olive 0.62 0.56 0.22 0.27 0.29

5.64 Oil, Palm 6.29 7.31 7.16 7.27 7.65

0.68 Oil, Palm Kernel 0.81 0.92 0.82 0.72 0.64

0.10 Oil, Peanut 0.13 0.08 0.06 0.06 0.08

1.22 Oil, Rapeseed 1.13 1.62 2.93 3.82 3.88

3.37 Oil, Soybean 3.81 3.86 3.48 3.36 3.41


13.91 Total 15.06 17.40 17.18 18.40 18.58


May 2014

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

Production none

98.90 United States 100.38 92.35 93.15 97.14 107.94

71.42 Brazil 79.04 70.24 84.76 90.94 94.38

57.88 Argentina 54.23 44.78 53.66 57.77 58.53

57.84 China 58.06 59.60 59.88 58.59 57.76

32.93 India 35.65 36.33 36.79 37.84 38.74

128.61 Other 133.64 142.99 146.12 160.73 157.88

447.57 Total 461.00 446.28 474.35 503.01 515.22

Imports none

52.54 China 53.66 62.29 63.52 72.88 75.63

15.88 European Union 16.29 16.89 16.98 16.70 16.49

5.20 Mexico 5.36 5.39 5.08 5.40 5.53

5.91 Japan 5.47 5.34 5.54 5.48 5.48

2.47 Taiwan 2.46 2.29 2.29 2.21 2.31

1.90 Indonesia 2.19 2.15 2.14 2.21 2.29

2.59 Turkey 2.34 2.03 2.02 2.14 2.24

1.74 Thailand 2.22 1.99 1.96 2.02 2.19

1.68 Egypt 1.70 1.74 1.72 1.69 1.78

0.24 Vietnam 1.14 1.62 1.43 1.55 1.66

11.55 Other 10.95 10.11 10.07 13.19 10.81

101.71 Total 103.78 111.84 112.77 125.46 126.40

Exports none

41.69 United States 41.94 37.78 36.94 44.41 45.20

28.65 Brazil 30.07 36.35 42.02 44.65 45.12

9.47 Canada 10.20 11.66 10.64 11.55 11.85

13.79 Argentina 10.03 8.10 8.45 9.73 9.79

4.10 Paraguay 5.27 3.61 5.54 4.32 4.35

2.41 Ukraine 2.85 2.83 2.72 4.08 3.85

1.95 Uruguay 1.82 2.61 3.55 3.37 3.20

4.85 Other 6.21 8.29 8.46 8.20 8.13

106.91 Total 108.38 111.22 118.32 130.32 131.48

Crush none

81.41 China 87.41 96.29 102.64 106.13 109.22

51.49 United States 49.34 50.35 50.24 50.29 51.01

37.19 Argentina 41.58 39.95 36.27 40.47 43.05

41.76 European Union 41.14 41.24 42.35 42.58 42.90

35.97 Brazil 39.37 41.17 37.74 39.74 39.91

25.11 India 28.93 28.46 28.97 29.56 30.56

8.69 Russia 7.83 11.96 11.05 13.09 13.55

7.67 Ukraine 8.49 10.28 9.20 11.64 10.83

7.57 Indonesia 7.68 8.35 8.99 9.70 10.25

6.08 Canada 7.74 8.41 8.26 8.80 9.03

5.47 Mexico 5.73 5.86 5.70 5.91 6.11

5.28 Pakistan 5.21 5.60 5.30 5.55 5.59

4.97 Malaysia 4.97 5.05 5.27 5.23 5.55

4.84 Japan 4.52 4.35 4.38 4.44 4.43

1.79 Paraguay 1.78 1.07 3.17 3.68 3.92

33.90 Other 36.35 36.27 36.81 37.60 38.29

359.17 Total 378.04 394.66 396.32 414.41 424.20

Ending Stocks none

22.06 Argentina 22.53 17.09 23.85 29.08 32.36

17.67 Brazil 23.93 13.31 15.38 18.70 24.76

15.32 China 16.12 17.05 13.25 14.36 14.47

5.54 United States 7.31 5.57 5.76 5.01 10.68

3.14 Canada 2.54 0.95 0.79 3.31 3.51

11.92 Other 11.90 11.29 8.01 9.76 9.05

75.66 Total 84.32 65.26 67.05 80.23 94.82

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

May 2014

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

Production none

55.67 China 60.43 66.79 71.17 73.99 76.71

40.07 United States 38.06 39.52 38.67 38.72 39.47

27.97 Argentina 31.07 29.71 27.25 30.39 32.37

27.24 Brazil 29.65 31.02 28.53 30.01 30.13

27.00 European Union 26.59 26.48 27.41 27.41 27.64

65.60 Other 71.64 73.47 75.10 79.13 80.99

243.55 Total 257.44 266.98 268.13 279.65 287.30

Imports none

25.46 European Union 27.04 28.20 23.39 25.91 26.51

2.66 Indonesia 3.32 3.53 3.62 3.81 4.16

2.93 Thailand 2.75 3.36 3.26 3.60 3.75

3.32 Korea, South 3.08 3.38 3.54 3.60 3.70

1.34 United States 2.24 3.03 3.39 3.59 3.59

3.17 Vietnam 2.96 2.52 3.30 3.41 3.51

1.69 Iran 1.88 2.38 2.17 2.67 2.92

28.24 Other 30.86 30.98 29.92 31.80 32.97

68.79 Total 74.12 77.38 72.58 78.39 81.10

Exports none

25.55 Argentina 28.39 26.93 24.02 28.26 30.32

12.99 Brazil 13.99 14.68 13.24 13.78 14.00

10.31 United States 8.49 9.16 10.43 10.36 10.48

3.97 India 6.23 5.41 5.30 4.55 4.85

2.87 Indonesia 3.14 3.68 3.80 4.06 4.16

2.52 Ukraine 2.93 3.86 3.07 4.13 3.84

2.06 Canada 3.22 3.49 3.66 3.54 3.81

11.74 Other 10.71 12.92 14.49 14.73 15.42

72.01 Total 77.09 80.14 78.01 83.40 86.88


56.43 China 62.88 67.73 70.72 74.07 76.68

51.63 European Union 52.20 53.07 50.56 51.58 52.70

31.01 United States 31.78 33.43 31.65 31.93 32.58

14.11 Brazil 15.44 15.61 15.42 15.83 16.37

10.47 India 11.08 11.55 11.90 12.80 13.30

5.47 Mexico 5.74 5.81 5.59 5.57 5.79

4.60 Thailand 4.85 5.22 5.21 5.39 5.60

5.76 Japan 5.62 5.60 5.22 5.40 5.48

3.72 Russia 3.99 4.38 4.49 4.72 4.88

3.31 Indonesia 3.68 3.90 4.31 4.61 4.82

52.28 Other 54.69 56.42 58.41 61.12 63.62

238.80 Total 251.94 262.73 263.48 273.01 281.80

SME none

53.61 China 60.10 64.84 67.69 71.00 73.79

46.65 European Union 47.08 47.61 44.86 45.94 47.07

30.47 United States 30.92 32.39 30.47 30.70 31.30

13.90 Brazil 15.16 15.32 15.20 15.58 16.11

9.08 India 9.67 10.12 10.40 11.22 11.74

4.55 Thailand 4.73 5.13 5.11 5.28 5.48

5.12 Mexico 5.38 5.44 5.23 5.23 5.44

60.48 Other 63.30 65.70 67.26 70.46 73.26

223.85 Total 236.34 246.55 246.21 255.42 264.20

Ending Stocks none

1.75 Argentina 2.73 3.64 4.95 4.99 4.88

2.17 Brazil 2.45 3.21 3.11 3.53 3.32

0.81 European Union 1.04 1.17 0.25 0.69 0.76

0.22 Indonesia 0.44 0.46 0.43 0.40 0.42

0.34 United States 0.38 0.34 0.31 0.34 0.34

3.22 Other 4.02 3.72 2.71 3.44 3.40

8.51 Total 11.04 12.53 11.75 13.39 13.11

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

May 2014

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

Million Metric Tons

2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

Production none

25.59 Indonesia 27.24 30.13 32.73 35.54 38.27

17.88 China 19.02 21.00 22.40 23.19 23.66

19.94 Malaysia 20.39 20.42 21.63 21.67 22.77

16.74 European Union 16.65 16.66 16.13 17.16 17.27

10.07 United States 9.79 10.04 10.22 10.21 10.27

7.69 Argentina 8.80 8.48 7.44 8.37 8.90

7.16 Brazil 7.81 8.21 7.60 7.99 8.02

36.30 Other 39.24 41.97 42.37 45.10 45.73

141.38 Total 148.93 156.90 160.52 169.23 174.89

Imports none

9.07 India 8.58 10.03 10.68 11.42 12.13

9.00 China 8.39 9.23 10.79 10.14 10.63

8.95 European Union 8.53 9.12 9.89 9.22 9.29

3.34 United States 3.61 3.83 3.79 4.10 4.36

2.03 Pakistan 2.12 2.26 2.30 2.50 2.70

2.11 Egypt 2.41 2.31 1.91 2.48 2.53

0.97 Iran 1.45 1.35 1.43 1.67 1.76

1.31 Bangladesh 1.38 1.41 1.44 1.46 1.68

0.62 Turkey 0.86 1.11 1.26 1.33 1.25

0.63 Algeria 0.63 0.73 0.75 0.84 0.88

18.37 Other 20.02 20.47 20.32 19.68 20.36

56.39 Total 57.98 61.83 64.55 64.82 67.56

Exports none

18.72 Indonesia 18.46 20.73 22.64 22.80 24.45

18.02 Malaysia 18.57 19.00 19.99 18.56 18.96

5.10 Argentina 5.59 4.65 4.67 5.11 5.40

2.69 Ukraine 2.70 3.33 3.32 3.89 3.84

1.86 Canada 2.49 2.75 2.63 2.61 2.78

1.31 European Union 1.62 2.00 2.41 2.18 2.18

0.76 Russia 0.41 1.80 1.27 2.06 2.14

10.59 Other 10.83 10.51 11.34 11.04 11.21

59.05 Total 60.66 64.78 68.28 68.23 70.95


26.91 China 27.69 29.24 31.17 32.63 34.09

24.52 European Union 24.30 24.09 23.88 24.13 24.33

15.21 India 15.95 16.77 17.83 19.06 19.90

6.72 Indonesia 7.95 8.92 9.90 11.96 13.60

11.20 United States 11.92 12.79 13.00 13.32 13.41

6.06 Brazil 6.36 6.68 6.79 6.97 7.13

3.93 Malaysia 3.67 3.70 3.97 4.06 4.40

3.28 Pakistan 3.40 3.51 3.57 3.77 3.94

2.42 Argentina 3.05 3.60 2.94 3.32 3.63

3.10 Russia 3.14 3.21 3.37 3.48 3.56

2.17 Egypt 2.47 2.59 2.63 2.68 2.74

2.16 Mexico 2.22 2.30 2.35 2.38 2.44

2.23 Japan 2.20 2.16 2.19 2.22 2.23

1.66 Turkey 1.74 1.78 1.92 2.11 2.22

1.67 Thailand 1.94 1.99 2.02 2.12 2.17

25.35 Other 27.11 28.31 29.46 30.40 31.54

138.59 Total 145.09 151.62 157.00 164.60 171.32

Ending Stocks none

1.13 China 0.78 1.69 3.62 4.21 4.31

0.50 Indonesia 1.37 1.88 2.13 2.98 3.24

2.02 Malaysia 2.54 2.91 2.09 1.83 1.97

1.99 United States 1.61 1.54 1.16 1.11 1.18

2.35 European Union 1.62 1.31 1.03 1.11 1.16

5.92 Other 7.13 8.06 7.15 7.17 6.71

13.91 Total 15.06 17.40 17.18 18.40 18.58

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

May 2014

Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

Production none

91,417 United States 90,605 84,192 82,561 89,507 98,929

69,000 Brazil 75,300 66,500 82,000 87,500 91,000

54,500 Argentina 49,000 40,100 49,300 54,000 54,000

14,980 China 15,080 14,485 13,050 12,200 12,000

9,700 India 9,800 11,000 11,500 11,000 12,000

6,462 Paraguay 7,128 4,043 8,300 8,100 8,200

3,581 Canada 4,445 4,298 5,086 5,200 6,100

10,960 Other 12,787 14,907 16,056 16,281 17,591

260,600 Total 264,145 239,525 267,853 283,788 299,820

Imports none

50,338 China 52,339 59,231 59,865 69,000 72,000

12,683 European Union 12,472 12,070 12,506 12,300 12,500

3,523 Mexico 3,498 3,606 3,409 3,650 3,740

3,401 Japan 2,917 2,759 2,830 2,800 2,800

2,469 Taiwan 2,454 2,285 2,286 2,200 2,300

1,660 Thailand 2,139 1,907 1,867 1,930 2,100

1,620 Indonesia 1,898 1,922 1,795 1,900 1,975

1,638 Egypt 1,644 1,661 1,658 1,600 1,700

231 Vietnam 932 1,290 1,258 1,350 1,450

1,648 Turkey 1,351 1,057 1,249 1,100 1,200

7,606 Other 7,116 5,668 6,841 8,851 6,563

86,817 Total 88,760 93,456 95,564 106,681 108,328

Exports none

28,578 Brazil 29,951 36,257 41,904 44,500 45,000

40,798 United States 40,957 37,150 35,913 43,545 44,225

13,088 Argentina 9,205 7,368 7,738 9,000 9,000

4,070 Paraguay 5,226 3,574 5,518 4,300 4,320

2,247 Canada 2,943 2,933 3,484 3,400 3,700

2,659 Other 3,418 4,869 6,091 5,897 6,081

91,440 Total 91,700 92,151 100,648 110,642 112,326

Crush none

48,830 China 55,000 60,970 64,950 68,350 72,500

47,673 United States 44,851 46,348 45,967 46,130 46,675

34,127 Argentina 37,614 35,886 33,611 37,300 39,800

33,700 Brazil 36,330 38,083 35,235 37,000 37,100

12,595 European Union 12,355 12,245 12,743 12,350 12,580

7,400 India 9,400 9,600 9,600 9,400 9,900

3,600 Mexico 3,625 3,675 3,650 3,850 3,965

1,558 Paraguay 1,570 900 2,950 3,500 3,700

1,950 Russia 2,170 2,400 2,440 2,610 2,800

1,520 Bolivia 1,800 2,000 2,175 2,000 2,100

2,535 Japan 2,149 1,960 1,915 1,960 1,950

2,010 Taiwan 2,060 2,020 1,920 1,770 1,920

1,635 Egypt 1,644 1,620 1,640 1,620 1,680

1,291 Canada 1,425 1,411 1,541 1,600 1,675

1,520 Thailand 1,820 1,751 1,425 1,550 1,600

7,240 Other 7,577 7,243 7,502 8,033 8,503

209,184 Total 221,390 228,112 229,264 239,023 248,448

Ending Stocks none

21,039 Argentina 21,403 16,389 22,402 28,054 31,156

17,480 Brazil 23,636 13,024 15,330 18,505 24,555

13,209 China 14,538 15,909 12,378 13,698 13,498

4,106 United States 5,852 4,610 3,826 3,531 8,977

305 Canada 297 232 173 200 650

4,805 Other 4,629 3,429 2,934 2,996 3,389

60,944 Total 70,355 53,593 57,043 66,984 82,225

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.

May 2014

Table 08: Soybean Meal: World Supply and Distribution


2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

Production none

38,644 China 43,560 48,288 51,440 54,135 57,420

37,836 United States 35,608 37,217 36,174 36,297 36,954

26,624 Argentina 29,312 27,945 26,089 29,000 30,950

26,120 Brazil 28,160 29,510 27,310 28,680 28,760

9,950 European Union 9,760 9,674 10,194 9,845 10,025

5,910 India 7,520 7,680 7,680 7,520 7,925

2,850 Mexico 2,870 2,910 2,890 3,048 3,140

17,013 Other 17,886 17,194 18,892 19,797 20,929

164,947 Total 174,676 180,418 180,669 188,322 196,103

Imports none

20,879 European Union 21,877 20,872 16,943 18,900 19,800

2,507 Indonesia 3,069 3,278 3,367 3,550 3,900

2,513 Thailand 2,318 2,928 2,874 3,200 3,350

2,879 Vietnam 2,719 2,276 2,980 3,100 3,200

1,524 Iran 1,742 2,192 2,099 2,500 2,750

1,719 Philippines 1,972 1,833 1,970 2,050 2,150

2,106 Japan 2,208 2,282 1,765 2,000 2,100

1,737 Korea, South 1,658 1,571 1,654 1,700 1,780

1,076 Malaysia 1,028 1,078 1,276 1,350 1,395

850 Algeria 1,074 892 1,333 1,300 1,370

15,690 Other 17,243 17,844 17,518 18,291 18,813

53,480 Total 56,908 57,046 53,779 57,941 60,608

Exports none

24,914 Argentina 27,615 26,044 23,667 27,800 29,820

12,985 Brazil 13,987 14,678 13,242 13,780 14,000

10,125 United States 8,238 8,838 10,083 10,070 10,161

3,117 India 4,800 4,391 4,354 3,550 3,800

1,124 Paraguay 1,043 523 2,149 2,500 2,670

3,341 Other 2,866 3,796 4,266 4,067 4,311

55,606 Total 58,549 58,270 57,761 61,767 64,762


37,546 China 43,382 47,435 50,091 53,055 56,270

30,359 European Union 30,952 29,870 26,894 27,811 29,106

27,795 United States 27,489 28,621 26,336 26,490 26,943

13,000 Brazil 13,950 14,100 14,200 14,498 15,000

3,613 Thailand 3,775 4,153 4,200 4,350 4,550

4,160 Mexico 4,340 4,370 4,225 4,250 4,420

2,570 India 2,901 3,331 3,363 3,900 4,225

2,800 Vietnam 3,100 3,300 3,700 3,900 4,100

2,527 Indonesia 2,784 3,218 3,430 3,600 3,825

3,900 Japan 3,844 3,840 3,352 3,496 3,560

2,417 Iran 2,525 2,500 2,460 2,725 3,000

2,420 Korea, South 2,336 2,265 2,248 2,315 2,415

1,874 Russia 2,181 2,365 2,532 2,307 2,386

1,725 Egypt 1,900 2,100 2,140 2,225 2,315

1,775 Philippines 1,875 1,925 2,000 2,125 2,225

22,497 Other 23,680 24,376 25,299 26,297 27,580

160,978 Total 171,014 177,769 176,470 183,344 191,920

Ending Stocks none

1,602 Argentina 2,434 3,376 4,732 4,740 4,645

2,155 Brazil 2,436 3,198 3,098 3,525 3,310

504 European Union 580 371 77 411 480

45 Indonesia 330 390 323 273 348

73 Turkey 196 292 292 294 294

2,250 Other 2,674 2,448 1,770 2,201 2,396

6,629 Total 8,650 10,075 10,292 11,444 11,473

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.

May 2014

Table 09: Soybean Oil: World Supply and Distribution


2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

Production none

8,726 China 9,840 10,914 11,626 12,245 12,985

8,897 United States 8,568 8,954 8,990 8,956 8,985

6,476 Argentina 7,181 6,839 6,364 7,100 7,600

6,470 Brazil 6,970 7,310 6,760 7,100 7,120

2,290 European Union 2,246 2,226 2,317 2,242 2,283

1,320 India 1,675 1,710 1,690 1,688 1,780

643 Mexico 648 657 653 690 710

3,968 Other 4,167 3,991 4,418 4,628 4,877

38,790 Total 41,295 42,601 42,818 44,649 46,340

Imports none

1,598 India 945 1,174 1,086 1,500 1,650

1,514 China 1,319 1,502 1,409 1,350 1,350

275 Iran 704 411 543 630 650

402 Algeria 516 438 575 575 600

302 Venezuela 366 415 374 400 420

352 Peru 315 344 363 370 380

379 Morocco 397 367 364 370 375

349 Bangladesh 376 420 397 355 370

318 Korea, South 300 343 300 350 350

243 Egypt 637 0 324 325 325

2,985 Other 3,625 2,540 2,696 2,749 2,731

8,717 Total 9,500 7,954 8,431 8,974 9,201

Exports none

4,453 Argentina 4,561 3,794 4,244 4,500 4,800

1,449 Brazil 1,668 1,885 1,251 1,400 1,370

386 European Union 463 741 1,013 800 800

1,524 United States 1,466 664 982 748 771

243 Paraguay 255 127 558 615 650

230 Bolivia 232 224 260 260 260

170 Russia 136 142 129 210 210

705 Other 862 891 879 882 897

9,160 Total 9,643 8,468 9,316 9,415 9,758


10,435 China 11,109 11,944 12,545 13,508 14,240

7,173 United States 7,619 8,306 8,476 8,369 8,210

4,980 Brazil 5,205 5,400 5,544 5,680 5,795

2,760 India 2,640 2,750 2,910 3,250 3,450

1,915 Argentina 2,520 3,020 2,275 2,588 2,890

2,415 European Union 2,745 1,989 1,650 1,770 1,780

875 Mexico 835 840 850 880 906

575 Iran 646 625 630 675 690

395 Algeria 475 490 540 570 600

560 Egypt 669 440 591 592 592

445 Korea, South 443 465 455 486 495

398 Venezuela 399 424 434 454 469

371 Bangladesh 388 440 445 445 445

506 Japan 433 390 409 398 400

320 Peru 327 347 363 370 380

4,088 Other 4,255 4,167 4,200 4,291 4,392

38,211 Total 40,708 42,037 42,317 44,326 45,734

Ending Stocks none

205 China 203 615 1,021 1,023 1,038

1,545 United States 1,100 1,152 773 703 780

286 Brazil 383 408 379 399 354

195 Argentina 295 320 258 350 340

257 India 237 361 227 164 144

881 Other 1,595 1,007 821 722 754

3,369 Total 3,813 3,863 3,479 3,361 3,410

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.

May 2014

Table 10: Soybeans and Products: World Trade


Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2014/152013/142012/132014/152013/142012/132014/152013/142012/13

Exports

North America 10,341 10,318 10,431 1,089 852 885 39,397 46,945 47,925

Canada (Aug-Jul) 245 230 250 103 100 110 3,484 3,400 3,700

United States (Sep-Aug) 10,083 10,070 10,161 982 748 771 35,913 43,545 44,225

South America 40,539 45,340 47,790 6,318 6,778 7,085 0 61,455 61,780

Argentina (Oct-Sep) 23,667 27,800 29,820 4,244 4,500 4,800 7,738 9,000 9,000

Brazil (Oct-Sep) 13,242 13,780 14,000 1,251 1,400 1,370 41,904 44,500 45,000

Paraguay (Mar-Feb) 2,149 2,500 2,670 558 615 650 5,518 4,300 4,320

South Asia 4,361 3,557 3,807 0 1 0 0 105 150

India (Oct-Sep) 4,354 3,550 3,800 0 1 0 99 105 150

Other 2,520 2,552 2,734 1,909 1,784 1,788 61,251 2,137 2,471

World Total 57,761 61,767 64,762 9,316 9,415 9,758 100,648 110,642 112,326

Imports

European Union - 28 0 18,900 19,800 0 320 300 0 12,300 12,500

East Asia 3,509 3,835 4,040 1,862 1,834 1,840 66,112 75,190 78,302

China (Oct-Sep) 16 20 50 1,409 1,350 1,350 59,865 69,000 72,000

Japan (Oct-Sep) 1,765 2,000 2,100 38 24 30 2,830 2,800 2,800

Korea, South (Oct-Sep) 1,654 1,700 1,780 300 350 350 1,115 1,170 1,180

Taiwan (Oct-Sep) 43 60 50 0 0 0 2,286 2,200 2,300

Southeast Asia 12,489 13,272 14,017 226 236 236 5,571 5,850 6,230

Indonesia (Oct-Sep) 3,367 3,550 3,900 25 25 25 1,795 1,900 1,975

Malaysia (Oct-Sep) 1,276 1,350 1,395 78 85 85 574 575 610

Philippines (Jan-Dec) 1,970 2,050 2,150 37 37 37 57 75 75

Thailand (Sep-Aug) 2,874 3,200 3,350 0 0 0 1,867 1,930 2,100

Vietnam (Jan-Dec) 2,980 3,100 3,200 55 55 55 1,258 1,350 1,450

North America 2,500 2,486 2,445 312 306 293 4,663 6,349 4,398

Canada (Aug-Jul) 983 950 975 29 30 30 270 250 250

Mexico (Sep-Aug) 1,295 1,250 1,320 194 185 190 3,409 3,650 3,740

South America 4,582 4,718 4,830 1,252 1,299 1,341 0 1,041 1,072

Brazil (Oct-Sep) 32 25 25 6 0 0 395 150 150

Colombia (Oct-Sep) 1,057 1,065 1,080 216 230 235 328 360 380

Central America 938 965 999 153 172 175 15 306 306

Caribbean 760 805 844 255 273 275 0 152 152

Middle East 235 5,515 5,954 2 738 757 50 1,770 1,885

Iran (Oct-Sep) 2,099 2,500 2,750 543 630 650 126 250 250

Israel (Oct-Sep) 122 125 120 21 18 15 313 350 375

Syria (Jan-Dec) 200 300 305 2 3 5 50 70 60

Turkey (Oct-Sep) 1,030 1,100 1,170 3 5 0 1,249 1,100 1,200

North Africa 1,558 3,110 3,289 1,385 1,390 1,420 1,731 1,675 1,780

Egypt (Oct-Sep) 889 950 1,000 324 325 325 1,658 1,600 1,700

Other 27,208 4,335 4,390 2,984 2,406 2,564 17,422 2,048 1,703

World Total 53,779 57,941 60,608 8,431 8,974 9,201 95,564 106,681 108,328

May 2014

Table 11: Palm Oil: World Supply and Distribution


2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

Production none

22,000 Indonesia 23,600 26,200 28,500 31,000 33,500

17,763 Malaysia 18,211 18,202 19,321 19,400 20,350

1,287 Thailand 1,832 1,892 2,135 2,150 2,250

805 Colombia 753 945 974 1,035 1,025

850 Nigeria 850 850 910 930 930

3,365 Other 3,513 3,922 4,129 4,258 4,293

46,070 Total 48,759 52,011 55,969 58,773 62,348

Imports none

6,603 India 6,661 7,473 8,307 8,300 8,800

5,760 China 5,711 5,841 6,589 6,300 6,600

5,442 European Union 4,944 5,707 6,781 6,200 6,300

1,989 Pakistan 2,064 2,218 2,246 2,450 2,650

994 United States 980 1,032 1,285 1,360 1,406

951 Bangladesh 996 984 1,030 1,100 1,300

1,385 Egypt 1,441 1,368 969 1,350 1,300

548 Iran 634 610 722 740 760

435 Singapore 656 854 654 750 750

527 Russia 655 545 763 635 675

10,783 Other 11,747 12,358 12,477 11,684 12,161

35,417 Total 36,489 38,990 41,823 40,869 42,702

Exports none

16,573 Indonesia 16,423 18,452 20,373 20,400 22,000

16,610 Malaysia 17,151 17,586 18,524 17,300 17,700

520 Papua New Guinea 577 587 564 640 640

121 Thailand 382 293 550 550 575

466 Benin 255 253 425 390 390

2,255 Other 2,630 2,843 2,887 3,001 2,883

36,545 Total 37,418 40,014 43,323 42,281 44,188


5,494 Indonesia 6,414 7,129 7,852 9,780 11,220

6,440 India 7,080 7,425 8,225 8,600 8,900

5,930 China 5,797 5,841 6,389 6,379 6,608

5,220 European Union 4,910 5,630 6,555 6,155 6,125

2,301 Malaysia 2,204 2,150 2,451 2,530 2,740

1,957 Pakistan 2,077 2,110 2,235 2,405 2,580

1,255 Thailand 1,457 1,518 1,605 1,675 1,720

1,252 Nigeria 1,267 1,285 1,375 1,405 1,430

957 United States 957 1,043 1,230 1,353 1,381

921 Bangladesh 980 1,030 1,030 1,100 1,300

1,171 Egypt 1,380 1,355 1,260 1,295 1,250

737 Colombia 787 890 885 945 935

552 Iran 580 600 725 730 760

552 Russia 585 600 660 690 680

125 Singapore 575 685 590 665 665

9,620 Other 10,128 10,676 11,552 11,543 12,183

44,484 Total 47,178 49,967 54,619 57,250 60,477

Ending Stocks none

39 Indonesia 825 1,445 1,758 2,618 2,898

1,714 Malaysia 2,163 2,481 1,784 1,604 1,764

940 India 571 669 801 551 501

621 European Union 455 369 456 351 376

328 China 241 240 439 359 350

1,994 Other 2,033 2,104 1,920 1,786 1,765

5,636 Total 6,288 7,308 7,158 7,269 7,654

May 2014

Table 12: Rapeseed and Products: World Supply and Distribution


Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2014/152013/142012/132014/152013/142012/132014/152013/142012/13

Production

China (Oct-Sep) 10,690 11,049 10,735 6,045 6,259 6,080 14,007 14,400 14,500

India (Oct-Sep) 3,540 3,720 3,840 2,350 2,500 2,600 6,800 7,300 7,500

Canada (Aug-Jul) 3,765 4,035 4,120 2,950 3,160 3,230 13,869 18,000 15,400

Japan (Oct-Sep) 1,365 1,370 1,370 1,055 1,012 1,012 2 2 2

European Union (Jul-Jun) 13,057 13,155 13,227 9,424 9,495 9,546 19,628 21,159 21,500

Other 4,497 5,004 5,117 3,151 3,477 3,548 9,130 10,205 9,740

World Total 36,914 38,333 38,409 24,975 25,903 26,016 63,436 71,066 68,642

Imports

China (Oct-Sep) 106 200 100 1,598 1,300 1,400 3,421 3,700 3,500

India (Oct-Sep) 0 0 0 8 100 50 0 0 0

Canada (Aug-Jul) 11 8 8 170 80 80 128 85 100

Japan (Oct-Sep) 75 100 100 21 10 10 2,495 2,450 2,450

European Union (Jul-Jun) 414 400 300 210 300 300 3,378 3,300 2,900

Other 4,588 4,749 4,890 1,876 2,150 2,383 3,238 4,246 4,211

World Total 5,194 5,457 5,398 3,883 3,940 4,223 12,660 13,781 13,161

Exports

China (Oct-Sep) 101 80 80 6 10 10 0 0 0

India (Oct-Sep) 901 950 1,000 2 2 2 0 0 0

Canada (Aug-Jul) 3,406 3,300 3,550 2,516 2,500 2,660 7,114 8,100 8,100

Japan (Oct-Sep) 0 2 2 1 1 1 0 0 0

European Union (Jul-Jun) 272 330 350 445 380 400 93 370 400

Other 700 791 805 963 1,030 1,083 5,244 5,291 4,770

World Total 5,380 5,453 5,787 3,933 3,923 4,156 12,451 13,761 13,270

Domestic Consumption

China (Oct-Sep) 10,695 11,169 10,755 6,316 6,880 7,377 17,600 18,200 17,700

India (Oct-Sep) 2,630 2,770 2,840 2,400 2,570 2,675 6,960 7,350 7,600

Canada (Aug-Jul) 575 600 626 572 645 660 6,996 7,485 7,650

Japan (Oct-Sep) 1,440 1,468 1,468 1,020 1,021 1,025 2,444 2,456 2,456

European Union (Jul-Jun) 13,251 13,194 13,177 9,148 9,315 9,420 23,630 23,820 23,950

Other 8,457 8,944 9,188 4,159 4,601 4,863 7,840 8,855 9,176

World Total 37,048 38,145 38,054 23,615 25,032 26,020 65,470 68,166 68,532

Ending Stocks

China (Oct-Sep) 0 0 0 2,157 2,826 2,919 632 532 832

India (Oct-Sep) 30 30 30 114 142 115 569 519 419

Canada (Aug-Jul) 50 193 145 71 166 156 600 3,100 2,850

Japan (Oct-Sep) 0 0 0 118 118 114 109 105 101

European Union (Jul-Jun) 89 120 120 152 252 278 1,480 1,749 1,799

Other 101 119 133 320 316 301 433 738 743

World Total 270 462 428 2,932 3,820 3,883 3,823 6,743 6,744

5/9/2014 11:19:19 AM

May 2014

Table 13: Sunflowerseed and Products World Supply and Distribution


Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2014/152013/142012/132014/152013/142012/132014/152013/142012/13

Production

Argentina (Mar-Feb) 3,100 2,300 2,900 1,021 1,200 1,220 990 1,160 1,180

Russia (Sep-Aug) 7,959 10,554 10,204 2,808 3,440 3,529 3,117 3,823 3,920

Turkey (Sep-Aug) 1,125 1,400 1,150 685 819 773 769 918 867

Ukraine (May-Apr) 9,000 11,600 10,000 3,607 4,555 4,185 3,615 4,515 4,175

European Union (Oct-Sep) 7,065 8,712 8,100 3,570 3,800 3,784 2,753 2,937 2,926

Other 7,807 8,290 8,397 2,560 2,823 2,800 2,210 2,472 2,451

World Total 36,056 42,856 40,751 14,251 16,637 16,291 13,454 15,825 15,519

Imports

Argentina (Mar-Feb) 9 8 7 0 0 0 0 0 0

Russia (Sep-Aug) 28 35 30 0 0 0 21 10 10

Turkey (Sep-Aug) 628 850 850 432 620 650 657 750 680

Ukraine (May-Apr) 20 10 10 2 0 0 1 0 0

European Union (Oct-Sep) 209 280 250 3,030 3,600 3,400 942 1,000 950

Other 378 642 657 1,200 1,532 1,642 3,263 4,353 4,699

World Total 1,272 1,825 1,804 4,664 5,752 5,692 4,884 6,113 6,339

Exports

Argentina (Mar-Feb) 84 75 80 310 400 440 350 520 500

Russia (Sep-Aug) 31 200 200 1,360 1,500 1,600 942 1,550 1,650

Turkey (Sep-Aug) 38 40 40 1 0 0 289 350 400

Ukraine (May-Apr) 127 150 200 3,052 4,000 3,700 3,245 3,760 3,700

European Union (Oct-Sep) 521 750 640 123 150 150 239 270 220

Other 675 798 896 227 257 269 367 379 425

World Total 1,476 2,013 2,056 5,073 6,307 6,159 5,432 6,829 6,895


Argentina (Mar-Feb) 2,374 2,780 2,830 745 775 800 652 722 732

Russia (Sep-Aug) 8,046 10,020 10,230 1,474 1,823 1,920 2,120 2,218 2,300

Turkey (Sep-Aug) 1,807 2,157 2,038 1,208 1,419 1,434 994 1,130 1,240

Ukraine (May-Apr) 8,710 11,045 10,165 466 501 520 570 590 600

European Union (Oct-Sep) 7,162 7,757 7,700 7,060 7,175 7,031 3,513 3,648 3,673

Other 7,634 8,193 8,153 3,538 4,120 4,172 5,380 6,314 6,650

World Total 35,733 41,952 41,116 14,491 15,813 15,877 13,229 14,622 15,195

Ending Stocks

Argentina (Mar-Feb) 1,020 473 470 214 239 219 518 436 384

Russia (Sep-Aug) 0 369 173 0 117 126 199 264 244

Turkey (Sep-Aug) 177 230 152 0 20 9 380 568 475

Ukraine (May-Apr) 207 622 267 91 145 110 60 225 100


Other 516 457 462 89 67 68 610 742 817

World Total 2,142 2,858 2,241 471 740 687 1,885 2,372 2,140

May 2014

Table 14: Minor Vegetable Oil Supply and Distribution


Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2014/152013/142012/132014/152013/142012/132014/152013/142012/13

Production

China (Oct-Sep) 2,686 2,725 2,760 1,566 1,469 1,383 nr nr nr

India (Oct-Sep) 1,180 1,220 1,400 1,220 1,275 1,250 nr nr nr

Turkey (Nov-Oct) 4 4 4 146 125 142 175 180 170

United States (Aug-Jul) 95 93 93 363 286 304 4 5 5

European Union (Oct-Sep) 15 15 15 49 51 48 1,570 2,420 2,450

Other 1,557 1,570 1,565 1,867 1,868 1,865 630 491 561

World Total 5,537 5,627 5,837 5,211 5,074 4,992 2,379 3,096 3,186

Imports

China (Oct-Sep) 65 50 50 0 0 0 nr nr nr

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

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



Other 20 20 19 64 64 65 196 203 210

World Total 156 168 169 73 64 74 654 609 660

Exports



Turkey (Nov-Oct) 0 0 0 1 1 1 25 25 25



Other 182 169 169 46 43 44 218 134 171

World Total 200 189 206 149 125 140 787 716 783


China (Oct-Sep) 2,745 2,765 2,800 1,565 1,467 1,381 nr nr nr

India (Oct-Sep) 1,187 1,215 1,385 1,238 1,270 1,245 nr nr nr

Turkey (Nov-Oct) 4 4 4 145 128 135 145 145 145


European Union (Oct-Sep) 79 91 95 48 51 48 1,540 1,880 1,970

Other 1,404 1,415 1,414 1,912 1,911 1,896 612 607 614

World Total 5,513 5,598 5,786 5,180 5,034 4,925 2,591 2,936 3,042

Ending Stocks



Turkey (Nov-Oct) 0 0 0 6 2 8 19 29 29



Other 34 40 41 117 95 85 101 54 40

World Total 55 63 77 216 195 196 219 272 293

May 2014

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

326.78 28.6562.35430.4363.6440.01197.44 2001/02 325.56 42.52

334.46 29.4170.04447.9870.9942.52195.45 2002/03 328.60 49.34

338.28 29.3166.78451.7264.1049.34212.25 2003/04 338.61 46.33

383.92 30.7374.35502.9972.7446.33219.03 2004/05 368.86 59.78

394.35 31.8875.80529.4975.3659.78221.16 2005/06 387.30 66.39

406.26 31.8483.10553.3080.6566.39222.98 2006/07 395.04 75.17

391.57 31.7391.35556.8090.0775.17218.82 2007/08 402.46 62.99

399.51 33.6194.60556.4393.9462.99230.57 2008/09 404.03 57.81

447.57 34.81106.91607.09101.7157.81235.92 2009/10 424.52 75.66

461.00 36.21108.38640.44103.7875.66244.84 2010/11 447.74 84.32

446.28 36.47111.22642.44111.8484.32248.37 2011/12 465.95 65.26

474.35 36.39118.32652.39112.7765.26254.95 2012/13 467.02 67.05

503.01 36.81130.32695.51125.4667.05258.55 2013/14 484.97 80.23

515.22 37.19131.48721.85126.4080.23261.99 2014/15 495.55 94.82

Major Protein Meals

182.57 0.3352.82241.2951.487.24nr 2001/02 180.53 7.94

185.76 0.3654.01247.2653.567.94nr 2002/03 186.22 7.03

191.12 0.3759.04255.9557.807.03nr 2003/04 189.28 7.64

206.48 0.3961.20273.6059.487.64nr 2004/05 204.76 7.64

216.99 0.3766.27290.0365.407.64nr 2005/06 215.18 8.57

223.79 0.4068.98299.2366.878.57nr 2006/07 220.91 9.34

231.40 0.4672.11310.4169.689.34nr 2007/08 229.26 9.04

228.92 0.5069.29305.4867.529.04nr 2008/09 229.22 6.98

243.55 0.5772.01319.3268.796.98nr 2009/10 238.80 8.51

257.44 0.6077.09340.0874.128.51nr 2010/11 251.94 11.04

266.98 0.6680.14355.4077.3811.04nr 2011/12 262.73 12.53

268.13 0.6778.01353.2472.5812.53nr 2012/13 263.48 11.75

279.65 0.7783.40369.8078.3911.75nr 2013/14 273.01 13.39

287.30 0.8386.88381.7981.1013.39nr 2014/15 281.80 13.11

Major Vegetable Oils

92.97 80.3233.28134.3430.8310.5510.95 2001/02 90.81 10.25

96.30 83.0436.59141.4334.8810.2511.27 2002/03 94.82 10.02

103.04 87.0639.99150.7437.6910.0211.98 2003/04 100.32 10.44

111.83 91.4943.92163.1640.8910.4412.70 2004/05 107.21 12.03

119.25 94.4748.71175.7444.4612.0313.46 2005/06 113.95 13.08

122.00 96.5150.42182.4047.3313.0814.04 2006/07 119.13 12.85

129.03 99.8054.45192.6050.7312.8514.50 2007/08 125.58 12.57

134.16 103.1756.69201.2854.5512.5715.36 2008/09 130.81 13.78

141.38 107.9859.05211.5556.3913.7816.24 2009/10 138.59 13.91

148.93 111.6460.66220.8157.9813.9116.91 2010/11 145.09 15.06

156.90 115.5564.78233.7961.8315.0617.49 2011/12 151.62 17.40

160.52 120.1168.28242.4664.5517.4018.12 2012/13 157.00 17.18

169.23 124.7868.23251.2364.8217.1818.81 2013/14 164.60 18.40

174.89 129.4770.95260.8567.5618.4019.55 2014/15 171.32 18.58

Based on the aggregate of different marketing years

May 2014

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

184.92 157.7853.01272.4154.3633.1379.61 2001/02 184.31 35.09

196.94 165.0761.32294.9262.8835.0981.62 2002/03 191.08 42.51

186.78 163.5456.05283.3254.0442.5188.58 2003/04 188.91 38.37

215.90 175.2964.75317.8263.5638.3793.35 2004/05 204.33 48.74

220.87 186.1863.85333.7164.1048.7493.12 2005/06 215.98 53.87

236.31 195.4871.14359.0968.9153.8794.57 2006/07 224.98 62.97

219.02 202.2978.32360.3678.3762.9790.85 2007/08 229.56 52.49

211.88 193.3777.21341.8077.4352.4996.53 2008/09 221.46 43.12

260.60 209.1891.44390.5486.8243.12102.26 2009/10 238.15 60.94

264.15 221.3991.70413.8588.7660.94103.23 2010/11 251.79 70.36

239.53 228.1192.15403.3493.4670.36103.14 2011/12 257.59 53.59

267.85 229.26100.65417.0195.5653.59109.15 2012/13 259.32 57.04

283.79 239.02110.64447.51106.6857.04113.10 2013/14 269.89 66.98

299.82 248.45112.33475.13108.3366.98115.64 2014/15 280.58 82.23

Meal, Soybean

124.87 157.8941.78170.8140.515.43nr 2001/02 123.18 5.84

130.23 165.0743.04178.4842.415.84nr 2002/03 129.92 5.52

128.92 163.5546.08179.3644.925.52nr 2003/04 127.59 5.69

138.62 175.3047.70190.3346.025.69nr 2004/05 136.83 5.80

146.59 186.2052.25203.8251.435.80nr 2005/06 145.41 6.16

153.74 195.5054.70212.7252.816.16nr 2006/07 150.92 7.10

158.75 202.3356.06220.7154.867.10nr 2007/08 157.47 7.18

151.96 193.5552.84210.8251.697.18nr 2008/09 153.19 4.79

164.95 209.5255.61223.2153.484.79nr 2009/10 160.98 6.63

174.68 221.8358.55238.2156.916.63nr 2010/11 171.01 8.65

180.42 228.6158.27246.1157.058.65nr 2011/12 177.77 10.08

180.67 229.7957.76244.5253.7810.08nr 2012/13 176.47 10.29

188.32 239.5761.77256.5657.9410.29nr 2013/14 183.34 11.44

196.10 249.1064.76268.1660.6111.44nr 2014/15 191.92 11.47

Oil, Soybean

28.95 157.888.2539.607.553.10nr 2001/02 28.10 3.25

30.58 165.078.8142.048.213.25nr 2002/03 30.11 3.12

30.24 163.548.7041.768.393.12nr 2003/04 30.30 2.75

32.57 175.299.0644.188.862.75nr 2004/05 31.83 3.29

34.89 186.189.7947.269.083.29nr 2005/06 33.54 3.94

36.41 195.4810.5350.329.973.94nr 2006/07 35.71 4.08

37.74 202.3110.8452.2210.404.08nr 2007/08 37.73 3.65

35.91 193.539.1848.729.173.65nr 2008/09 36.31 3.23

38.79 209.509.1650.748.723.23nr 2009/10 38.21 3.37

41.30 221.819.6454.169.503.37nr 2010/11 40.71 3.81

42.60 228.568.4754.377.953.81nr 2011/12 42.04 3.86

42.82 229.749.3255.118.433.86nr 2012/13 42.32 3.48

44.65 239.529.4257.108.973.48nr 2013/14 44.33 3.36

46.34 249.089.7658.909.203.36nr 2014/15 45.73 3.41

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

May 2014

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

36.03 0.394.9043.674.952.6923.30 2001/02 35.93 2.85

33.29 0.414.1340.154.022.8522.11 2002/03 33.82 2.20

39.46 0.425.5346.815.142.2025.49 2003/04 38.90 2.38

46.14 0.444.9153.525.002.3826.70 2004/05 43.33 5.29

48.59 0.456.9860.546.665.2927.29 2005/06 47.77 5.79

45.16 0.476.6357.936.995.7926.49 2006/07 46.22 5.08

48.56 0.488.1661.187.545.0828.36 2007/08 49.06 3.95

57.88 0.5012.1373.9512.113.9531.11 2008/09 54.54 7.28

61.06 0.5210.8479.0810.747.2831.58 2009/10 59.35 8.89

60.57 0.5410.8779.5710.108.8933.93 2010/11 61.30 7.40

61.49 0.6312.9282.0713.187.4034.14 2011/12 63.51 5.65

63.44 0.6612.4581.7412.665.6536.23 2012/13 65.47 3.82

71.07 0.7513.7688.6713.783.8236.17 2013/14 68.17 6.74

68.64 0.8013.2788.5513.166.7436.26 2014/15 68.53 6.74

Meal, Rapeseed

19.95 0.001.5221.811.540.33nr 2001/02 19.95 0.34

18.82 0.001.6220.891.730.34nr 2002/03 18.96 0.32

21.75 0.002.4924.562.490.32nr 2003/04 21.58 0.49

24.22 0.002.2427.012.300.49nr 2004/05 24.42 0.35

26.50 0.002.5129.402.550.35nr 2005/06 26.29 0.60

25.78 0.002.9629.433.050.60nr 2006/07 26.18 0.29

27.58 0.003.6931.423.550.29nr 2007/08 27.44 0.30

30.69 0.003.5834.573.580.30nr 2008/09 30.73 0.25

33.41 0.003.4837.293.620.25nr 2009/10 33.35 0.45

34.60 0.005.1040.024.970.45nr 2010/11 34.42 0.51

35.63 0.005.3741.235.090.51nr 2011/12 35.27 0.59

36.91 0.005.3842.705.190.59nr 2012/13 37.05 0.27

38.33 0.005.4544.065.460.27nr 2013/14 38.15 0.46

38.41 0.005.7944.275.400.46nr 2014/15 38.05 0.43

Oil, Rapeseed

13.09 12.081.0315.001.120.79nr 2001/02 13.26 0.72

12.27 11.060.9113.880.890.72nr 2002/03 12.40 0.57

14.17 12.521.3316.101.360.57nr 2003/04 14.40 0.38

15.78 12.891.2917.361.200.38nr 2004/05 15.58 0.48

17.52 13.221.6519.471.470.48nr 2005/06 17.12 0.70

17.24 12.651.9920.142.200.70nr 2006/07 17.62 0.54

18.52 13.131.9021.082.030.54nr 2007/08 18.30 0.88

20.61 14.182.4423.932.440.88nr 2008/09 20.37 1.12

22.55 15.142.7626.602.921.12nr 2009/10 22.63 1.22

23.47 16.113.4228.003.311.22nr 2010/11 23.44 1.13

24.12 16.243.9729.264.011.13nr 2011/12 23.67 1.62

24.98 16.453.9330.483.881.62nr 2012/13 23.62 2.93

25.90 17.563.9232.783.942.93nr 2013/14 25.03 3.82

26.02 18.534.1634.064.223.82nr 2014/15 26.02 3.88

Based on the aggregate of different marketing years.

May 2014

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

21.42 1.9221.331.201.111.9218.84 2001/02

23.95 2.4823.221.551.371.9220.18 2002/03

26.79 3.2225.972.262.192.4823.00 2003/04

25.33 2.8625.601.231.143.2220.82 2004/05

30.24 3.4029.571.521.382.8622.78 2005/06

30.28 4.0529.491.911.773.4023.50 2006/07

27.34 3.6927.471.461.234.0520.99 2007/08

33.54 3.9932.962.141.863.6923.78 2008/09

32.13 2.7633.291.561.483.9923.10 2009/10

33.35 2.3433.551.791.572.7623.08 2010/11

39.67 2.0239.701.931.642.3424.84 2011/12

36.06 2.1435.731.481.272.0223.84 2012/13

42.86 2.8641.952.011.832.1424.62 2013/14

40.75 2.2441.122.061.802.8624.49 2014/15

Meal, Sunflowerseed

8.33 0.338.212.111.910.41nr 2001/02

8.99 0.179.052.312.200.33nr 2002/03

10.20 0.219.962.852.650.17nr 2003/04

9.96 0.229.732.762.550.21nr 2004/05

11.50 0.3311.143.543.280.22nr 2005/06

11.55 0.2611.453.473.290.33nr 2006/07

10.75 0.2810.233.272.770.26nr 2007/08

12.86 0.6112.244.253.960.28nr 2008/09

13.08 0.6412.444.113.490.61nr 2009/10

13.24 0.6512.504.593.860.64nr 2010/11

15.82 1.1214.676.766.080.65nr 2011/12

14.25 0.4714.495.074.661.12nr 2012/13

16.64 0.7415.816.315.750.47nr 2013/14

16.29 0.6915.886.165.690.74nr 2014/15

Oil, Sunflowerseed

7.44 0.667.671.931.811.01nr 2001/02

8.12 0.737.732.311.990.66nr 2002/03

9.19 0.738.482.681.960.73nr 2003/04

9.15 0.958.522.572.170.73nr 2004/05

10.66 1.129.873.923.300.95nr 2005/06

10.78 0.9210.264.053.321.12nr 2006/07

10.19 1.019.333.512.730.92nr 2007/08

12.08 1.7610.874.504.051.01nr 2008/09

12.28 1.5111.794.473.731.76nr 2009/10

12.42 1.2411.824.523.651.51nr 2010/11

14.87 2.2113.166.405.661.24nr 2011/12

13.45 1.8913.235.434.882.21nr 2012/13

15.83 2.3714.626.836.111.89nr 2013/14

15.52 2.1415.206.906.342.37nr 2014/15

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

May 2014

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

16.50 19.973.5817.9245.3325.323.51 2001/02 24.08 3.33

19.67 21.864.3820.4050.6427.643.33 2002/03 26.77 3.47

21.91 22.885.0922.6955.3429.963.47 2003/04 28.49 4.16

24.32 24.656.2725.9061.9433.464.16 2004/05 31.46 4.59

26.09 25.807.2228.0666.4535.774.59 2005/06 33.56 4.83

27.00 27.217.8728.5069.1937.364.83 2006/07 35.60 5.09

30.76 30.029.1632.6177.0441.195.09 2007/08 39.77 4.65

34.13 31.8410.1335.1982.9744.194.65 2008/09 42.60 5.18

35.42 33.5010.3336.5586.6746.075.18 2009/10 44.48 5.64

36.49 35.0011.5837.4290.8848.765.64 2010/11 47.18 6.29

38.99 36.5412.7240.0197.2952.016.29 2011/12 49.97 7.31

41.82 39.5914.3243.32105.1055.977.31 2012/13 54.62 7.16

40.87 40.3516.1342.28106.8058.777.16 2013/14 57.25 7.27

42.70 42.2617.4144.19112.3262.357.27 2014/15 60.48 7.65

Oil, Coconut

1.83 1.801.251.795.473.150.49 2001/02 3.19 0.49

1.89 1.801.251.735.513.130.49 2002/03 3.15 0.62

1.68 1.741.411.795.573.270.62 2003/04 3.27 0.51

1.91 1.801.402.085.853.430.51 2004/05 3.29 0.48

2.03 1.831.462.055.933.420.48 2005/06 3.42 0.45

1.87 1.761.461.745.523.200.45 2006/07 3.30 0.48

1.90 1.851.511.935.833.460.48 2007/08 3.38 0.53

1.66 1.721.551.485.613.430.53 2008/09 3.29 0.85

2.28 2.151.672.176.663.520.85 2009/10 3.84 0.64

1.78 1.971.691.716.133.710.64 2010/11 3.67 0.75

1.82 1.981.541.885.993.410.75 2011/12 3.53 0.57

1.87 2.041.721.916.103.660.57 2012/13 3.77 0.42

1.68 1.851.631.735.553.450.42 2013/14 3.49 0.33

1.67 1.801.601.735.433.430.33 2014/15 3.41 0.29

Meal, Fish

3.23 0.000.063.069.555.710.61 2001/02 5.55 0.94

2.85 0.000.052.858.524.730.94 2002/03 5.07 0.60

3.12 0.000.053.209.265.540.60 2003/04 5.28 0.77

3.60 0.000.063.659.905.520.77 2004/05 5.60 0.66

2.95 0.000.052.728.384.770.66 2005/06 5.02 0.63

2.69 0.000.052.598.284.960.63 2006/07 4.84 0.85

3.00 0.000.052.858.875.020.85 2007/08 5.31 0.72

3.12 0.000.052.958.744.910.72 2008/09 5.23 0.57

2.62 0.000.052.277.063.870.57 2009/10 4.61 0.19

2.66 0.000.052.497.734.890.19 2010/11 4.63 0.61

2.91 0.000.052.567.483.960.61 2011/12 4.75 0.17

2.35 0.000.052.136.704.180.17 2012/13 4.27 0.30

2.58 0.000.052.247.044.160.30 2013/14 4.50 0.30

2.59 0.000.052.377.054.160.30 2014/15 4.51 0.17

Based on the aggregate of different marketing years.

May 2014

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


Area

Harvested

Beginning

Stocks


Supply


Consumpti

Ending

Stocks

Major Oilseeds

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 51,48641,691105,5871,0665,61935,512 2009/10 58,352 5,544

100,377 49,33541,935106,8669455,54437,179 2010/11 57,623 7,308

92,348 50,35137,777100,9411,2857,30835,135 2011/12 57,593 5,571

93,145 50,23736,941100,2011,4855,57136,711 2012/13 57,497 5,763

97,138 50,28944,411106,4273,5265,76335,287 2013/14 57,004 5,012

107,942 51,01145,199114,1951,2415,01237,821 2014/15 58,318 10,678

Major Protein Meals

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

40,073 51,48610,30841,6621,343246nr 2009/10 31,013 341

38,062 49,3358,48740,6432,240341nr 2010/11 31,778 378

39,515 50,3519,15542,9243,031378nr 2011/12 33,433 336

38,670 50,23710,43342,3943,388336nr 2012/13 31,648 313

38,720 50,28910,36342,6273,594313nr 2013/14 31,928 336

39,465 51,01110,47643,3923,591336nr 2014/15 32,580 336

Major Vegetable Oils

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

10,066 51,4861,94815,1413,3381,7370 2009/10 11,201 1,992

9,785 49,3351,86115,3893,6121,9920 2010/11 11,918 1,610

10,041 50,3511,14615,4813,8301,6100 2011/12 12,791 1,544

10,216 50,2371,38815,5513,7911,5440 2012/13 13,004 1,159

10,207 50,2891,03715,4654,0991,1590 2013/14 13,319 1,109

10,274 51,0111,15215,7464,3631,1090 2014/15 13,412 1,182

Based on the aggregate of different marketing years

May 2014

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


Area

Harvested

Beginning

Stocks


Supply


Consumpti

Ending

Stocks

Oilseed, Soybean

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

90,605 44,85140,95795,1043934,10631,003 2010/11 48,295 5,852

84,192 46,34837,15090,4834395,85229,856 2011/12 48,723 4,610

82,561 45,96735,91388,1559844,61030,823 2012/13 48,416 3,826

89,507 46,13043,54595,7822,4493,82630,703 2013/14 48,706 3,531

98,929 46,67544,225102,8684083,53132,564 2014/15 49,666 8,977

Meal, Soybean

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

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

37,217 46,3488,83837,731196318nr 2011/12 28,621 272

36,174 45,96710,08336,668222272nr 2012/13 26,336 249

36,297 46,13010,07036,832286249nr 2013/14 26,490 272

36,954 46,67510,16137,376150272nr 2014/15 26,943 272

Oil, Soybean

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

8,568 44,8511,46610,185721,545nr 2010/11 7,619 1,100

8,954 46,34866410,122681,100nr 2011/12 8,306 1,152

8,990 45,96798210,231891,152nr 2012/13 8,476 773

8,956 46,1307489,82091773nr 2013/14 8,369 703

8,985 46,6757719,76173703nr 2014/15 8,210 780

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.

May 2014

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


Area

Harvested

Beginning

Stocks


Supply


Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

43,500 25,84216,07445,2571,10065716,350 2001/02 28,202 981

52,000 27,79619,98754,1051,12498118,448 2002/03 30,220 3,898

51,000 28,91419,25755,2623643,89821,520 2003/04 31,457 4,548

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 36,38842,82683,4732401,23327,700 2012/13 39,338 1,309

87,500 37,00044,47588,9591501,30929,900 2013/14 39,975 4,509

91,000 37,20046,50095,6591504,50930,500 2014/15 40,200 8,959

Meal, Soybean (Local)

20,392 25,84212,78321,082388302nr 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 29,72814,25624,125244841nr 2004/05 9,133 736

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

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

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

23,850 30,77912,15325,653861,717nr 2008/09 12,200 1,300

27,670 35,70014,14729,055851,300nr 2009/10 13,143 1,765

28,880 37,26414,45230,696511,765nr 2010/11 14,000 2,244

28,080 36,23013,85430,339152,244nr 2011/12 14,200 2,285

28,200 36,38813,61930,515302,285nr 2012/13 14,196 2,700

28,680 37,00013,78031,405252,700nr 2013/14 14,500 3,125

28,840 37,20014,00031,990253,125nr 2014/15 15,000 2,990

Oil, Soybean (Local)

4,905 25,8422,1005,227140182nr 2001/02 2,936 191

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

5,550 28,9142,5315,84914285nr 2003/04 2,970 348

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 5,425 430

6,980 36,3881,4107,4144430nr 2012/13 5,573 431

7,100 37,0001,4007,5310431nr 2013/14 5,730 401

7,130 37,2001,3507,5310401nr 2014/15 5,840 341

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

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

May 2014

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


Area

Harvested

Beginning

Stocks


Supply


Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

30,000 22,3976,22130,84929755211,400 2001/02 23,537 1,091

35,500 24,8158,80936,9683771,09112,600 2002/03 26,075 2,084

33,000 25,0726,79935,8037192,08414,000 2003/04 26,472 2,532

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 37,598 2,073

46,200 31,88311,80351,2202,9472,07316,371 2007/08 33,543 5,874

32,000 28,5553,48638,0311575,87416,000 2008/09 30,275 4,270

54,500 39,19613,70158,77004,27018,600 2009/10 41,076 3,993

49,000 37,52110,38953,006133,99318,300 2010/11 39,351 3,266

40,100 30,6696,09843,36823,26617,577 2011/12 32,529 4,741

49,300 35,0007,83554,04324,74119,400 2012/13 36,940 9,268

54,000 39,2009,00063,27029,26820,000 2013/14 41,270 13,000

54,000 40,3509,50067,002213,00019,600 2014/15 42,477 15,025

Meal, Soybean (Local)

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 2007/08 652 535

22,519 28,55521,30323,0584535nr 2008/09 735 1,020

30,493 39,19628,38431,51301,020nr 2009/10 800 2,329

29,181 37,52127,48531,51002,329nr 2010/11 885 3,140

23,937 30,66921,97327,07703,140nr 2011/12 997 4,107

27,200 35,00024,72531,30704,107nr 2012/13 1,132 5,450

30,475 39,20030,32535,92505,450nr 2013/14 1,250 4,350

31,375 40,35030,45035,72504,350nr 2014/15 1,250 4,025

Oil, Soybean (Local)

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

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

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

5,839 30,6693,4336,26535391nr 2011/12 2,620 212

6,610 35,0004,3706,91290212nr 2012/13 2,185 357

7,480 39,2004,7207,91780357nr 2013/14 2,864 333

7,700 40,3504,8908,11380333nr 2014/15 2,900 323

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

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

May 2014

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


2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

none

Production none

4,465 Oilseed, Copra 4,604 4,249 4,547 4,322 4,273

10,685 Oilseed, Palm Kernel 11,127 11,881 12,816 13,414 14,276

1,329 Oilseed, Soybean 1,343 1,142 1,059 1,117 1,131

4,140 Other 4,114 3,807 3,639 3,859 3,869

20,619 Total 21,188 21,079 22,061 22,712 23,549

none

Imports none

105 Meal, Fish 137 143 138 148 148

388 Meal, Rapeseed 419 496 479 485 485

10,717 Meal, Soybean 11,129 11,415 12,489 13,272 14,017

426 Other 442 331 388 407 401

11,636 Total 12,127 12,385 13,494 14,312 15,051

none

Imports none

2,671 Oil, Palm 3,345 3,831 2,857 2,295 2,290

2 Oil, Rapeseed 2 4 4 4 4

270 Oil, Soybean 260 240 226 236 236

0 Oil, Sunflowerseed 0 0 0 0 0

859 Other 786 816 606 486 554

3,802 Total 4,393 4,891 3,693 3,021 3,084

none


556 Meal, Fish 585 586 558 569 570

387 Meal, Rapeseed 419 495 478 484 484

12,047 Meal, Soybean 12,894 13,979 14,840 15,610 16,410

2,516 Other 2,772 2,193 2,473 2,636 2,620

15,506 Total 16,670 17,253 18,349 19,299 20,084

none


10,244 Oil, Palm 11,767 12,646 13,772 15,962 17,709


510 Oil, Soybean 566 552 501 542 567


4,085 Other 4,378 4,700 5,085 5,191 5,509

15,046 Total 16,915 18,042 19,472 21,859 23,949

none

Industrial Dom. Cons. none

3,649 Oil, Palm 4,777 5,308 6,080 7,620 8,750


74 Oil, Soybean 75 45 34 36 39


2,923 Other 3,126 3,345 3,625 3,761 4,053

6,646 Total 7,978 8,698 9,739 11,417 12,842

none

Food Use Dom. Cons. none

6,311 Oil, Palm 6,686 6,994 7,322 7,922 8,489


436 Oil, Soybean 491 507 467 506 528


1,154 Other 1,244 1,347 1,452 1,422 1,448

8,108 Total 8,625 8,992 9,355 10,014 10,629

none

SME none

803 Meal, Fish 845 847 806 822 824

275 Meal, Rapeseed 298 352 340 344 344

12,047 Meal, Soybean 12,894 13,979 14,840 15,610 16,410

1,396 Other 1,505 1,261 1,366 1,456 1,453

14,522 Total 15,542 16,439 17,353 18,233 19,031

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

SME - 44 Percent Protein Soybean Meal Equivalent

May 2014

Table 25: Middle East Oilseeds and Products Supply and Distribution


2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

none

Production none

1,129 Oilseed, Cottonseed 1,174 1,602 1,330 1,106 1,124

0 Oilseed, Rapeseed 0 0 0 0 0

249 Oilseed, Soybean 237 222 272 327 337

864 Oilseed, Sunflowerseed 1,092 1,017 1,219 1,494 1,244

90 Other 97 90 120 120 120

2,332 Total 2,600 2,931 2,941 3,047 2,825

none

Imports none

51 Meal, Fish 48 62 74 66 71

24 Meal, Rapeseed 93 66 85 55 75

3,696 Meal, Soybean 4,335 5,010 4,820 5,515 5,954

843 Other 838 1,192 755 1,055 1,095

4,614 Total 5,314 6,330 5,734 6,691 7,195

none

Imports none

2,100 Oil, Palm 2,396 2,219 2,394 2,508 2,475


452 Oil, Soybean 945 506 652 738 757

421 Oil, Sunflowerseed 756 1,320 1,139 1,445 1,455

56 Other 48 40 48 44 46

3,032 Total 4,149 4,087 4,235 4,737 4,735

none


52 Meal, Fish 53 61 82 73 76

376 Meal, Rapeseed 497 395 410 420 450

5,813 Meal, Soybean 5,886 5,756 5,795 6,358 6,844

1,889 Other 1,956 2,373 2,146 2,391 2,393

8,130 Total 8,392 8,585 8,433 9,242 9,763

none


1,739 Oil, Palm 1,786 1,809 2,000 2,083 2,110

111 Oil, Rapeseed 122 81 80 95 95

942 Oil, Soybean 988 875 879 946 953

1,163 Oil, Sunflowerseed 1,250 1,500 1,593 1,811 1,990

504 Other 535 570 581 556 535

4,459 Total 4,681 4,835 5,133 5,491 5,683

none


150 Oil, Palm 154 150 160 180 180

33 Oil, Rapeseed 35 31 23 25 33

62 Oil, Soybean 64 61 62 70 70


52 Other 55 45 52 47 47

319 Total 334 312 322 347 355

none


1,589 Oil, Palm 1,632 1,659 1,840 1,903 1,930

78 Oil, Rapeseed 87 50 57 70 62

859 Oil, Soybean 904 799 802 861 868


452 Other 480 525 529 509 488

4,098 Total 4,307 4,486 4,771 5,099 5,283

none

SME none

75 Meal, Fish 77 88 118 105 110

268 Meal, Rapeseed 354 281 292 299 320

5,813 Meal, Soybean 5,886 5,756 5,795 6,358 6,844

1,708 Other 1,767 2,148 1,941 2,182 2,186

7,863 Total 8,083 8,274 8,146 8,945 9,460

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.


May 2014

Table 26: European Union: Oilseeds and Products Supply and Distribution


2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

none

Production none

21,633 Oilseed, Rapeseed 20,782 19,240 19,628 21,159 21,500

951 Oilseed, Soybean 1,198 1,220 948 1,232 1,250

6,987 Oilseed, Sunflowerseed 6,958 8,456 7,065 8,712 8,100

350 Other 396 531 484 479 547

29,921 Total 29,334 29,447 28,125 31,582 31,397

none

Imports none

429 Meal, Fish 355 466 330 370 370

127 Meal, Rapeseed 230 240 414 400 300

20,879 Meal, Soybean 21,877 20,872 16,943 18,900 19,800

4,020 Other 4,579 6,620 5,698 6,235 6,035

25,455 Total 27,041 28,198 23,385 25,905 26,505

none

Imports none

5,442 Oil, Palm 4,944 5,707 6,781 6,200 6,300

443 Oil, Rapeseed 491 607 210 300 300

547 Oil, Soybean 906 386 300 320 300

968 Oil, Sunflowerseed 817 991 942 1,000 950

1,554 Other 1,375 1,427 1,661 1,400 1,439

8,954 Total 8,533 9,118 9,894 9,220 9,289

none


750 Meal, Fish 633 692 551 620 610

12,918 Meal, Rapeseed 12,769 12,371 13,251 13,194 13,177

30,359 Meal, Soybean 30,952 29,870 26,894 27,811 29,106

7,599 Other 7,849 10,134 9,867 9,955 9,806

51,626 Total 52,203 53,067 50,563 51,580 52,699

none


5,220 Oil, Palm 4,910 5,630 6,555 6,155 6,125

9,938 Oil, Rapeseed 9,666 9,330 9,148 9,315 9,420

2,415 Oil, Soybean 2,745 1,989 1,650 1,770 1,780


3,446 Other 3,452 3,440 3,017 3,243 3,328

24,520 Total 24,297 24,090 23,883 24,131 24,326

none


2,183 Oil, Palm 2,090 2,410 2,900 2,900 2,900

7,190 Oil, Rapeseed 6,972 7,000 6,700 6,900 6,900

1,030 Oil, Soybean 1,420 880 690 820 900


446 Other 495 480 480 470 470

11,150 Total 11,204 11,003 10,980 11,300 11,380

none


2,750 Oil, Palm 2,597 2,950 3,380 2,980 2,950

2,733 Oil, Rapeseed 2,684 2,320 2,438 2,400 2,500

1,290 Oil, Soybean 1,235 1,040 910 900 830


2,974 Other 2,932 2,934 2,509 2,748 2,838

12,944 Total 12,742 12,709 12,537 12,463 12,578

none

SME none

1,084 Meal, Fish 915 1,000 796 896 881

9,191 Meal, Rapeseed 9,085 8,802 9,428 9,388 9,375

30,359 Meal, Soybean 30,952 29,870 26,894 27,811 29,106

6,012 Other 6,130 7,939 7,744 7,847 7,707

46,646 Total 47,081 47,611 44,862 45,941 47,070

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.

May 2014

Table 27: China Oilseeds and Products Supply and Distribution


2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

none

Production none

14,708 Oilseed, Peanut 15,644 16,046 16,692 17,000 17,200


14,980 Oilseed, Soybean 15,080 14,485 13,050 12,200 12,000

1,956 Oilseed, Sunflowerseed 2,298 2,317 2,406 2,450 2,500

12,540 Other 11,953 13,325 13,720 12,540 11,560

57,841 Total 58,057 59,599 59,875 58,590 57,760

none

Imports none

1,042 Meal, Fish 1,212 1,249 981 1,070 1,100

993 Meal, Rapeseed 1,413 666 106 200 100

83 Meal, Soybean 294 113 16 20 50

40 Other 60 4 9 40 30

2,158 Total 2,979 2,032 1,112 1,330 1,280

none

Imports none

5,760 Oil, Palm 5,711 5,841 6,589 6,300 6,600

47 Oil, Peanut 68 62 65 50 50

785 Oil, Rapeseed 647 1,036 1,598 1,300 1,400

1,514 Oil, Soybean 1,319 1,502 1,409 1,350 1,350


726 Other 618 669 770 690 725

9,001 Total 8,386 9,232 10,793 10,140 10,625

none


1,258 Meal, Fish 1,431 1,468 1,201 1,289 1,320

10,022 Meal, Rapeseed 10,317 10,737 10,695 11,169 10,755

37,546 Meal, Soybean 43,382 47,435 50,091 53,055 56,270

7,606 Other 7,751 8,093 8,734 8,557 8,335

56,432 Total 62,881 67,733 70,721 74,070 76,680

none


5,930 Oil, Palm 5,797 5,841 6,389 6,379 6,608

2,227 Oil, Peanut 2,432 2,585 2,745 2,765 2,800

5,641 Oil, Rapeseed 5,965 6,255 6,316 6,880 7,377

10,435 Oil, Soybean 11,109 11,944 12,545 13,508 14,240


2,188 Other 2,026 2,144 2,335 2,157 2,106

26,914 Total 27,691 29,238 31,168 32,629 34,086

none


3,880 Oil, Palm 3,717 3,691 4,189 4,079 4,258

2,227 Oil, Peanut 2,432 2,585 2,745 2,765 2,800

5,641 Oil, Rapeseed 5,965 6,255 6,316 6,880 7,377

10,435 Oil, Soybean 11,109 11,944 12,545 13,508 14,240


1,750 Other 1,605 1,668 1,715 1,607 1,531

24,426 Total 25,190 26,612 28,348 29,779 31,161

none

SME none

1,818 Meal, Fish 2,068 2,121 1,735 1,863 1,907

7,131 Meal, Rapeseed 7,341 7,639 7,609 7,947 7,652

37,546 Meal, Soybean 43,382 47,435 50,091 53,055 56,270

7,115 Other 7,306 7,640 8,251 8,134 7,960

53,610 Total 60,096 64,836 67,686 70,998 73,790


May 2014

Table 28: India Oilseeds and Products Supply and Distribution


2009/10 2010/11 2011/12 2012/13 2013/14

May

2014/15

none

Production none

10,402 Oilseed, Cottonseed 11,548 12,312 12,100 12,525 12,100

4,900 Oilseed, Peanut 5,850 5,500 5,000 5,650 5,800


9,700 Oilseed, Soybean 9,800 11,000 11,500 11,000 12,000

820 Oilseed, Sunflowerseed 655 620 700 670 650

708 Other 698 700 690 690 690

32,930 Total 35,651 36,332 36,790 37,835 38,740

none

Imports none

9 Oil, Cottonseed 0 0 0 0 0

6,603 Oil, Palm 6,661 7,473 8,307 8,300 8,800

0 Oil, Peanut 0 0 0 0 0

18 Oil, Rapeseed 5 98 8 100 50

1,598 Oil, Soybean 945 1,174 1,086 1,500 1,650

611 Oil, Sunflowerseed 776 1,114 939 1,300 1,400

229 Other 195 168 335 218 228

9,068 Total 8,582 10,027 10,675 11,418 12,128

none


3,425 Meal, Cottonseed 3,694 3,927 3,957 4,135 4,045

1,324 Meal, Peanut 1,459 1,362 1,385 1,435 1,640

2,500 Meal, Rapeseed 2,485 2,368 2,630 2,770 2,840

2,570 Meal, Soybean 2,901 3,331 3,363 3,900 4,225

349 Meal, Sunflowerseed 260 275 294 280 265

300 Other 283 290 274 280 280

10,468 Total 11,082 11,553 11,903 12,800 13,295

none


1,060 Oil, Cottonseed 1,121 1,227 1,238 1,270 1,245

6,440 Oil, Palm 7,080 7,425 8,225 8,600 8,900

1,320 Oil, Peanut 1,256 1,169 1,187 1,215 1,385

2,096 Oil, Rapeseed 2,243 2,323 2,400 2,570 2,675

2,760 Oil, Soybean 2,640 2,750 2,910 3,250 3,450


626 Other 614 598 691 652 648

15,214 Total 15,945 16,772 17,831 19,057 19,903

none


1,021 Oil, Cottonseed 1,080 1,185 1,195 1,225 1,200

6,200 Oil, Palm 6,820 7,125 7,900 8,250 8,500

1,305 Oil, Peanut 1,241 1,159 1,177 1,205 1,375

2,096 Oil, Rapeseed 2,203 2,273 2,340 2,500 2,595

2,760 Oil, Soybean 2,640 2,750 2,910 3,250 3,450


322 Other 315 308 340 330 330

14,616 Total 15,290 16,080 17,042 18,260 19,050

none

SME none

2,775 Meal, Cottonseed 2,993 3,182 3,206 3,351 3,278

1,488 Meal, Peanut 1,640 1,531 1,557 1,613 1,843

1,779 Meal, Rapeseed 1,768 1,685 1,871 1,971 2,021

2,570 Meal, Soybean 2,901 3,331 3,363 3,900 4,225

330 Meal, Sunflowerseed 245 260 278 264 250

134 Other 126 130 123 125 125

9,075 Total 9,674 10,118 10,398 11,224 11,742


May 2014

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 Average02/03-10/11 325 337 355 354 397 470 1321 403 443 425 605

2002/03 209 232 217 221 267 415 963 265 286 285 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 6132010/11 454 482 508 511 549 508 1,792 591 661 647 11882011/12 488 505 549 533 562 729 2,480 632 593 616 829

2012/13 Oct 522 561 571 597 617 745 1,488 571 677 623 591 Nov 525 529 544 556 589 723 1,418 580 652 618 577 Dec 525 532 547 552 607 838 1,363 549 670 623 526 Jan 525 526 538 530 592 688 1,350 573 672 628 554 Feb 536 539 546 540 596 622 1,350 571 686 641 570 Mar 536 537 529 538 588 611 1,381 542 649 619 536 Apr 529 N/A 506 518 N/A 589 1,400 547 568 623 523 May 547 555 527 541 N/A 600 1,400 529 561 554 556 Jun 555 569 544 546 N/A 595 1,400 538 535 543 601 Jul 562 534 531 534 N/A 534 1,388 534 446 492 569 Aug 507 515 518 522 N/A 518 1,360 518 407 482 587 Sep 489 511 549 543 556 562 1,393 498 440 496 654 Average 530 537 538 543 592 635 1,391 546 580 579 570

2013/14 Oct 459 467 550 530 544 573 1,370 507 468 513 663 Nov 467 472 NA 539 553 586 1,370 459 478 509 865 Dec 478 487 502 550 568 542 1,370 414 495 512 846 Jan 474 476 492 525 566 560 1,360 448 477 496 848 Feb 485 493 502 545 590 534 1,320 505 492 525 915 Mar 503 519 518 537 N/A 556 1,300 474 524 598 926 *Apr 533 547 531 530 516 531 1,243 489 515 573 905 May Jun Jul Aug Sep Average 486 494 516 537 556 555 1,333 471 493 532 853

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

3/ Rio Grande, Brazil FOB; IGC 4/ Argentina FOB Up River; 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.

5/9/2014 12:06:57 PM

May 2014

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

Oct - Sep Average02/03-10/11 300 274 256 333 156 189 1116

2002/03 200 163 152 197 101 106 5982003/04 282 211 188 273 122 149 6492004/05 202 172 157 231 94 120 6652005/06 192 176 158 215 85 122 10602006/07 226 199 181 276 116 178 12202007/08 370 337 299 469 191 298 1,1462008/09 365 333 290 401 168 178 1,1032009/10 343 327 311 391 167 222 1,6682010/11 381 383 386 418 242 254 1,6072011/12 434 442 442 461 272 263 1,448

2012/13 Oct 538 562 565 555 316 333 1,635 Nov 513 540 539 539 297 330 1,812 Dec 506 544 539 553 294 335 1,880 Jan 476 485 501 512 278 336 1,919 Feb 486 462 496 513 262 327 1,884 Mar 482 445 474 503 255 299 1,803 Apr 465 417 465 521 245 295 1,847 May 513 444 497 527 237 336 1,816 Jun 548 479 510 548 257 347 1,800 Jul 600 482 500 567 271 305 1,726 Aug 512 477 473 564 244 283 1,713 Sep 552 533 516 552 240 295 1,659 Average 516 489 506 538 266 318 1,791

2013/14 Oct 491 563 534 555 260 313 1,644 Nov 497 542 520 541 272 322 1,600 Dec 549 513 543 548 306 324 1,553 Jan 529 476 517 539 313 298 1,531 Feb 561 494 543 571 314 313 1,564 Mar 546 511 532 582 299 337 1,653 *Apr 567 516 519 563 295 350 1,658 May Jun Jul Aug Sep Average 534 516 530 557 294 322 1,600

1/ Decatur, Average Wholsale 48% Protein; USDA. 2/ Rio Grande, Brazil FOB; Bulk Rate 45-46% Protein; IGC.3/ Argentina Pellets, FOB Up River; IGC; 4/ Hanburg 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 (Beg Sep 2013); Ukraine DAF (Beg. Aug 2012); Rotterdam CIF; Argentina Pellet 37-38% (Prior to Aug 2012); Oil World. 8/ Bremen 64-65% Protein; Oil World.9/ Hamburg FOB; Ex-Mill 34% Protein; Oil World.* Preliminary

U.S.5/

223

161

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

Soybean SunseedCottonseed

280281244

303

202137159166

361308333347

302

378415380

413366

391380

344363380364

421

RapeseedHamb

9/

205

139178131

447

443414429442

221278

359

295

129184298195

370393402323

374399364382

317316336335

301276290353

5/9/2014 12:06:57 PM

347

358395375

May 2014

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 Average02/03-10/11 782 782 777 868 927 1,262 953 1,493 1,442 703 937 909 880

2002/03 486 489 491 534 832 731 592 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 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 1,236

2012/13 Oct 1,087 1,095 1,092 1,175 1,131 1,631 1,245 2,271 2,375 823 1,217 898 1,207 Nov 1,020 1,080 1,084 1,135 1,081 1,550 1,237 2,202 2,303 799 1,188 848 1,145 Dec 1,040 1,106 1,112 1,163 1,104 1,488 1,269 2,173 2,216 763 1,190 785 1,116 Jan 1,077 1,108 1,134 1,190 1,123 1,439 1,269 2,133 2,100 812 1,214 829 1,148 Feb 1,088 1,106 1,117 1,175 1,137 1,433 1,275 1,896 1,982 828 1,225 861 1,140 Mar 1,072 1,042 1,039 1,116 1,107 1,424 1,221 1,743 1,924 804 1,162 820 1,053 Apr 1,086 1,012 1,012 1,095 1,101 1,411 1,201 1,709 1,899 793 1,136 793 1,037 May 1,087 991 991 1,073 1,097 1,411 1,227 1,764 1,867 795 1,116 828 997 Jun 1,055 942 944 1,041 1,064 1,411 1,228 1,824 1,813 796 1,078 895 937 Jul 996 880 879 995 1,018 1,411 1,178 1,852 1,758 765 1,012 861 858 Aug 933 876 875 999 950 1,411 959 1,830 1,685 757 997 894 858 Sep 929 902 887 1,024 944 1,405 962 1,808 1,638 760 994 982 848 Average 1,039 1,012 1,014 1,098 1,071 1,452 1,189 1,934 1,963 791 1,127 858 1,029

2013/14 Oct 878 915 908 987 908 1,334 988 1,786 1,575 795 1,011 985 834 Nov 873 924 932 996 927 1,265 998 1,735 1,543 835 1,025 1,270 855 Dec 830 884 895 989 952 1,257 982 1,662 1,493 813 1,012 1,269 845 Jan 771 841 848 943 1,038 1,257 920 1,448 1,410 796 952 1,270 855 Feb 818 878 879 985 1,274 1,257 945 1,368 1,303 846 976 1,365 905 Mar 900 922 904 1,002 1,542 1,279 964 1,302 1,221 890 1,019 1,394 952 *Apr 923 909 880 999 1,653 1,301 941 1,273 1,174 858 1,018 1,356 925 May Jun Jul Aug Sep Average 856 896 892 986 1,185 1,279 963 1,511 1,388 833 1,002 1,273 8821/ Decatur; Average Wholesale Tank Crude; USDA. 2/ Brazil FOB; Bulk Rate; IGC. 3/ Argentina FOB; IGC4/ 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

5/9/2014 12:06:57 PM

Soybean Sunseed Peanut

May 2014

global soybean stocks rise with record crops

Documents