Price Discounting Propels Brazil’s March Soybean Exports to … · 2020. 4. 9. · Emirates Meal, Rapeseed Exports 135 250 115 Higher-than-anticipated trade enabled by growing crush

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

April 2020

Price Discounting Propels Brazil’s March Soybean Exports to Record

Brazil’s soybean exports in March approached a record 12 million tons, eclipsed only by port loadings that came in at 13.4 million tons. Roughly three-quarters of March exports were destined for China. Discounting in Paranagua relative to the U.S. gulf along with flush supplies from the recent harvest are helping to drive sales. Sales and exports are also being driven by record Brazilian prices in reals as producers hope to take advantage of the near free-fall in the Brazilian real relative to the dollar. Since January 1, the real has depreciated by one-third with more than half of the fall occuring in March. Much of this decline is due to the current global COVID-19 pandemic and resultant flight to U.S. dollars. Consequently, U.S. Gulf soybean prices have sagged nearly 5 percent from the first of the year, while Brazil’s local prices have risen 40 percent and stand near 1,870 reals/mt at the end of March. With Brazil’s sales to China surging, U.S. sales to China remain sparse. Private buyers in China have only been able to access U.S. soybeans and avoid the tariffs since early March. While Brazilian sellers continue to price agressively given the record local prices, few purchases of U.S. soybeans by China are anticipated in the coming weeks. With the global COVID-19 pandemic expected to continue for some time, the factors driving the U.S. dollar higher are unlikely to abate in the near term. Only when supplies in Brazil dwindle later in 2020 will there be opportunity of increased U.S. sales to China.

26.82 26.14

14.04 12.34

6.18

-1.91 -3.45 -5.50A U G S E P O C T N O V D E C J A N

2 0 2 0F E B M A R

B R A Z I L P O R T P R E M I U M / D I S C O U N T T O U . S . G U L F S O Y B E A N S ( $ / M T )

1,300

1,400

1,500

1,600

1,700

330

340

350

360

370

380

390

Dec Jan 2020 Feb Mar

Real

/MT

$/M

T

BRAZIL AND U.S. SOYBEAN PORT PRICES

US Gulf ($) Paranagua (real)

EXPORT PRICES Export prices for soybeans and products were volatile across all major exporters in March in response to COVID-19. U.S. Gulf FOB soybean export bids in March averaged $345/ton, down $5 from February. Brazil Paranagua FOB averaged $340/ton, down $6 from February. Argentina Up River FOB averaged $324/ton, down $23. Meal export prices rose in March driven by a sharp price surge in the middle of the month. Concerns about availability in Argentina added to the rise. U.S. soybean meal export bids in March averaged $361/ton, up $27 from February. Brazil Paranagua FOB averaged $337/ton, up $20 from February, and Argentina Up River FOB averaged $348/ton, up $18. Soybean oil prices continued to fall with monthly average declines of $115/ton, $104/ton, and $71/ton in Argentina, Brazil, and the United States respectively due to the impact of COVID-19 and low petroleum prices on food and fuel markets. Malaysian palm oil prices continued to move largely in tandem with soy oil prices, averaging $586/ton, while Indonesian palm oil prices stagnated during the latter half of the month. Both soybeans and meal prices experienced a downturn at the beginning of April in response to rapidly changing market forces during the COVID-19 global pandemic.

290

310

330

350

370

390

US$

/ton

SOYBEAN EXPORT PRICES

Argentina (Up River) Brazil (Paranagua) U.S. (Gulf)

PROJECTION FOR 2019/20 Global 2019/20 oilseed production is forecast at 577 million tons, down 3 million tons from March primarily driven by lower soybean crops forecast for Brazil and Argentina. Oilseed trade volumes are largely unchanged overall. Global ending stocks are down slightly on lower production. Protein meal production is down slightly to 339 million tons on lower Argentina soybean meal production. Protein meal ending stocks are down again in March to 14 million tons. Vegetable oil production is forecast slightly lower, with ending stocks growing to 18 million tons on weakening demand. The projected U.S. season-average farm price for soybeans is lowered by $0.05 to $8.65 per bushel.

Foreign Agricultural Service/USDA 2 April 2020Global Market Analysis

280

300

320

340

360

380

400

US$

/ton

SOYBEAN MEAL EXPORT PRICES

Argentina (Up River) Brazil 48% (Paranagua) US 48% (Gulf)

420460500540580620660700740780820

US$

/ton

SOYBEAN AND PALM OIL EXPORT PRICES

Argentina (Up River) Soy Oil Brazil (Paranagua) Soy Oil USA (Gulf) Soy Oil

Indonesia Palm Oil Malaysia Palm Oil


EXPORT SALES

As of the week ending April 2, 2020, U.S. soybean accumulated exports (shipments) to China totaled 12.1 million tons and 20.0 million to the rest of the world. Outstanding sales remain low at 473,000 tons to China; 2.9 million to the rest of the world. Last year at this time, accumulated exports to China were 5.3 million tons and 25.5 million to the rest of the world, and outstanding sales to China were 7.6 million tons and 3.5 million to the rest of the world. U.S. soybean export commitments (outstanding sales plus accumulated exports) to China have fallen slightly behind last year’s levels on weak sales, totaling 12.6 million tons compared to 12.9 million a year ago. A weakened real has allowed Brazilian soybeans to be more price-competitive. Total commitments to the world were also lower than last year, totaling 37.4 million tons compared to 43.8 million tons the year before.


2019/20 OUTLOOK CHANGES Note: All figures are in thousand metric tons.

Country Commodity Attribute Previous Current Change Reason

Argentina Meal, Soybean Exports 30,000 29,000 -1,000 Reduced supplies with smaller crush

Argentina Oil, Soybean Exports 5,800 5,500 -300 Reduced supplies and declining demand for biodiesel

Australia Oilseed, Rapeseed Exports 1,800 1,700 -100 Reflecting lower 2019 exports

Bangladesh Oilseed, Soybean Imports 1,900 2,300 400 Reflecting strong 2019 imports

Bolivia Meal, Soybean Exports 1,750 1,650 -100 2019 trade trend

Brazil Oilseed, Soybean Exports 77,000 78,500 1,500 Record March exports with aggressive pricing

Brazil Meal, Soybean Exports 15,400 16,000 600 Increased competitiveness from weak real

Canada Oilseed, Soybean Imports 900 500 -400 Weaker demand as U.S. soybeans gain access to China market

Canada Oilseed, Soybean Exports 4,700 4,300 -400 Increased competition from U.S. to China

Canada Oilseed, Rapeseed Exports 9,500 9,300 -200 Weak China demand

Canada Meal, Rapeseed Exports 4,720 4,850 130 Stronger demand from China

China Oilseed, Soybean Imports 88,000 89,000 1,000 Strong pace of purchases from Brazil

China Oil, Soybean Imports 1,100 1,000 -100 Weaker demand prospects

China Meal, Rapeseed Imports 1,350 1,500 150 Adjusted on stronger trade trend

China Oilseed, Peanut Imports 550 650 100 Reflecting 2019 trade trend

European Union Oilseed, Soybean Imports 15,200 15,100 -100 Reflecting 2019 trade trend

European Union Meal, Soybean Imports 18,700 18,500 -200 Lower exportable supplies

European Union Oilseed, Rapeseed Imports 6,000 5,800 -200 Declining demand for crush for biofuel

India Oil, Soybean Imports 3,500 3,345 -155 Declining demand on economic impact of COVID-19

Iran Oilseed, Soybean Imports 1,850 2,300 450 Growing imports, lower-than-anticipated impact of sanctions

Iran Meal, Soybean Imports 2,100 2,600 500 Growing imports

Iran Oil, Soybean Imports 165 265 100 Growing imports, lower-than-anticipated impact of sanctions

Japan Meal, Palm Kernel Imports 1350 145 -1205 Adjusted to deduct imports of bio-mass (PK shells)

Jordan Meal, Soybean Imports 500 400 -100 Aligning yearly supply trends


Malaysia Oil, Palm Kernel Exports 845 975 130 Reflecting 2019 trade trend

Mexico Oilseed, Rapeseed Imports 1,450 1,250 -200 Reflecting 2019 trade trend

Philippines Meal, Soybean Imports 2,850 2,950 100 Reflecting 2019 trade trend

Russia Oilseed, Sunflower

Exports 550 650 100 Export restriction more than offset by strong trade to date

Saudi Arabia Meal, Soybean Imports 925 825 -100 Slower-than-anticipated pace of trade

Thailand Meal, Soybean Imports 3,225 3,100 -125 Reflecting 2019 trade trend

Thailand Meal, Rapeseed Imports 300 400 100 Reflecting 2019 trade trend

Turkey Oilseed, Sunflowerseed

Imports 750 850 100 Increased global supply

Turkey Meal, Palm Kernel Imports 100 275 175 Reflecting updated trade trend

United Arab Emirates

Oilseed, Rapeseed Imports 625 725 100 Rising crush demand

United Arab Emirates

Meal, Rapeseed Exports 135 250 115 Higher-than-anticipated trade enabled by growing crush

United States Oilseed, Soybean Exports 49,668 48,308 -1,360 Slow pace of trade

United States Meal, Soybean Exports 11,975 12,202 227 Stronger trade pace

United States Oil, Soybean Exports 953 1,089 136 Stronger trade pace

Venezuela Oil, Soybean Imports 200 75 -125 Weaker demand on deteriorating trade prospects

Vietnam Meal, Soybean Imports 5450 5250 -200 Reflecting 2019 trade trend

Vietnam Meal, Palm Kernel Imports 350 540 190 Reflecting updated trade trend

Questions may be directed to: Bill George (202) 720-6234 [email protected] Amy Caldwell (202) 378-2560 [email protected] Matt Snyder (202) 378-1068 [email protected] To download the tables in the publication, go to the 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.


mailto:[email protected]:[email protected]:[email protected]://apps.fas.usda.gov/psdonline/psdHome.aspx

FAS Reports and Databases: Current World Markets and Trade and World Agricultural Production Reports:

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

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

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 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/

List of Tables

SUMMARY TABLES Table 01 Major Oilseeds: World Supply and Distribution (Commodity View) Table 02 Major Protein Meals: World Supply and Distribution (Commodity View) Table 03 Major Vegetable Oils: World Supply and Distribution (Commodity View) Table 04 Major Oilseeds: World Supply and Distribution (Country View) Table 05 Major Protein Meals: World Supply and Distribution (Country View) Table 06 Major Vegetable Oils: World Supply and Distribution (Country View) COMMODITY TABLES Table 07 Soybeans: World Supply and Distribution Table 08 Soybean Meal: World Supply and Distribution Table 09 Soybean Oil: World Supply and Distribution Table 10 Soybeans and Products: World Trade Table 11 Palm Oil: World Supply and Distribution Table 12 Rapeseed and Products: World Supply and Distribution Table 13 Sunflowerseed and Products: World Supply and Distribution Table 14 Minor Vegetable Oils: World Supply and Distribution HISTORICAL TABLES


http://apps.fas.usda.gov/psdonline/psdDataPublications.aspxhttp://usda.mannlib.cornell.edu/MannUsda/viewTaxonomy.do?taxonomyID=7http://apps.fas.usda.gov/psdonline/psdHome.aspxhttp://apps.fas.usda.gov/gats/default.aspxhttp://apps.fas.usda.gov/esrquery/http://gain.fas.usda.gov/Pages/Default.aspxhttp://www.usda.gov/oce/commodity/wasde/http://www.ers.usda.gov/topics/cropshttp://www.nass.usda.gov/Publications/

Table 15 World Oilseeds and Products Supply and Distribution Table 16 World Soybeans and Products Supply and Distribution Table 17 World Rapeseed and Products Supply and Distribution Table 18 World Sunflowerseed and Products Supply and Distribution Table 19 World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution COUNTRY TABLES Table 20 United States Oilseeds and Products Supply and Distribution Local Marketing Years Table 21 United States Soybeans and Products Supply and Distribution Local Marketing Years Table 22 Brazil Soybeans and Products Supply and Distribution Local Marketing Years Table 23 Argentina Soybeans and Products Supply and Distribution Local Marketing Years Table 24 South East Asia Oilseeds and Products Supply and Distribution Table 25 Middle East Oilseeds and Products Supply and Distribution Table 26 European Union Oilseeds and Products Supply and Distribution Table 27 China Oilseeds and Products Supply and Distribution Table 28 India Oilseeds and Products Supply and Distribution PRICES Table 29 Oilseed Prices Table 30 Protein Meal Prices Table 31 Vegetable Oil Prices


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

Million Metric Tons

2015/16 2016/17 2017/18 2018/19

Mar

2019/20

Apr

2019/20

none

Production none

5.32 Oilseed, Copra 5.51 5.94 5.98 5.81 5.81

35.76 Oilseed, Cottonseed 39.09 45.15 43.41 44.72 44.75

16.00 Oilseed, Palm Kernel 17.43 18.80 19.51 19.48 19.51

41.25 Oilseed, Peanut 45.07 46.78 46.76 45.44 45.44

68.74 Oilseed, Rapeseed 69.49 75.02 72.41 68.15 68.24

316.21 Oilseed, Soybean 349.01 342.09 358.65 341.76 338.08

40.71 Oilseed, Sunflowerseed 48.23 47.85 50.55 54.77 55.25

523.99 Total 573.83 581.62 597.27 580.13 577.07

none

Imports none

0.15 Oilseed, Copra 0.13 0.13 0.17 0.18 0.18



3.30 Oilseed, Peanut 3.16 3.03 3.37 3.47 3.57


133.48 Oilseed, Soybean 144.27 153.23 144.64 150.75 151.47


153.67 Total 166.29 174.90 165.70 172.78 173.41

none

Exports none

0.15 Oilseed, Copra 0.17 0.16 0.12 0.16 0.16



3.52 Oilseed, Peanut 3.67 3.36 3.59 3.80 3.80


132.23 Oilseed, Soybean 146.93 153.08 148.30 151.88 151.50


153.01 Total 170.01 176.33 170.14 174.96 174.50

none

Crush none

5.32 Oilseed, Copra 5.43 5.85 6.03 5.81 5.81



16.74 Oilseed, Peanut 17.61 18.22 18.05 18.56 18.68


275.16 Oilseed, Soybean 287.79 294.61 297.85 303.45 302.84


444.58 Total 467.48 483.40 489.35 497.94 497.42

none

Ending Stocks none

0.07 Oilseed, Copra 0.09 0.11 0.07 0.04 0.04



3.35 Oilseed, Peanut 3.96 4.99 5.18 3.99 3.94


79.91 Oilseed, Soybean 94.80 99.02 110.81 102.44 100.46


93.49 Total 109.01 116.74 129.21 117.37 116.33

Totals may not add due to rounding


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

Million Metric Tons

2015/16 2016/17 2017/18 2018/19

Mar

2019/20

Apr

2019/20

none

Production none

1.77 Meal, Copra 1.81 1.94 2.00 1.94 1.94

12.94 Meal, Cottonseed 13.28 15.49 15.40 15.81 15.87

4.51 Meal, Fish 4.87 4.94 4.49 4.62 4.62

8.19 Meal, Palm Kernel 8.92 9.74 10.07 10.05 10.07

6.63 Meal, Peanut 7.00 7.24 7.16 7.37 7.42

38.60 Meal, Rapeseed 38.81 39.48 39.46 38.67 38.36

216.00 Meal, Soybean 225.94 232.45 233.61 238.49 238.09

16.53 Meal, Sunflowerseed 19.40 19.94 20.73 22.21 22.37

305.17 Total 320.03 331.24 332.93 339.15 338.72

none

Imports none

0.56 Meal, Copra 0.48 0.69 0.57 0.60 0.60

0.22 Meal, Cottonseed 0.24 0.31 0.34 0.35 0.36

2.44 Meal, Fish 3.02 2.98 3.02 2.99 2.99

5.79 Meal, Palm Kernel 6.58 6.82 7.16 7.97 7.18

0.02 Meal, Peanut 0.14 0.05 0.10 0.11 0.14

5.72 Meal, Rapeseed 5.90 6.24 6.84 6.82 7.10

62.04 Meal, Soybean 60.18 61.13 62.03 63.78 63.73


82.74 Total 83.50 84.79 87.85 90.47 89.95

none

Exports none

0.58 Meal, Copra 0.53 0.71 0.68 0.62 0.62

0.31 Meal, Cottonseed 0.38 0.45 0.41 0.42 0.42

2.21 Meal, Fish 2.53 2.58 2.54 2.43 2.43

6.39 Meal, Palm Kernel 6.67 7.10 7.81 7.49 7.34

0.05 Meal, Peanut 0.16 0.10 0.12 0.13 0.13

5.69 Meal, Rapeseed 5.99 6.39 6.92 6.86 7.10

65.56 Meal, Soybean 64.60 64.90 67.27 66.89 66.74


87.04 Total 88.29 89.20 93.82 93.10 93.11

none

Domestic Consumption none

1.76 Meal, Copra 1.75 1.91 1.89 1.92 1.92

12.99 Meal, Cottonseed 13.12 15.31 15.34 15.81 15.88

4.73 Meal, Fish 5.38 5.17 5.17 5.20 5.21

7.79 Meal, Palm Kernel 8.77 9.33 9.61 10.51 9.81

6.56 Meal, Peanut 7.00 7.20 7.14 7.34 7.42

38.51 Meal, Rapeseed 38.76 39.14 39.36 38.91 38.73

212.89 Meal, Soybean 221.35 228.88 230.13 236.64 236.42


301.46 Total 315.24 326.29 329.35 338.10 337.22

none

Ending Stocks none

0.12 Meal, Copra 0.12 0.13 0.14 0.14 0.14

0.07 Meal, Cottonseed 0.10 0.14 0.14 0.07 0.07

0.27 Meal, Fish 0.26 0.44 0.24 0.21 0.21

0.38 Meal, Palm Kernel 0.44 0.58 0.40 0.48 0.49

0.06 Meal, Peanut 0.03 0.03 0.03 0.04 0.04

1.11 Meal, Rapeseed 1.08 1.28 1.30 0.89 0.93

13.61 Meal, Soybean 13.77 13.57 11.82 11.33 10.48


17.33 Total 17.33 17.86 15.47 14.66 13.82



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

Million Metric Tons

2015/16 2016/17 2017/18 2018/19

Mar

2019/20

Apr

2019/20

none

Production none

3.34 Oil, Coconut 3.41 3.67 3.77 3.65 3.65

4.25 Oil, Cottonseed 4.37 5.09 5.06 5.19 5.19

3.13 Oil, Olive 2.61 3.27 3.25 3.18 3.18

58.92 Oil, Palm 65.34 70.61 73.94 72.95 72.99

7.02 Oil, Palm Kernel 7.65 8.28 8.58 8.53 8.57

5.43 Oil, Peanut 5.71 5.91 5.86 6.02 6.06

27.34 Oil, Rapeseed 27.55 28.06 27.92 27.44 27.16

51.58 Oil, Soybean 53.85 55.13 55.71 56.78 56.66

15.40 Oil, Sunflowerseed 18.19 18.53 19.41 20.80 20.95

176.39 Total 188.68 198.54 203.50 204.54 204.42

none

Imports none

1.60 Oil, Coconut 1.49 1.70 1.82 1.83 1.88

0.06 Oil, Cottonseed 0.06 0.08 0.09 0.08 0.08

0.79 Oil, Olive 0.78 0.94 0.99 1.01 1.00

42.68 Oil, Palm 45.94 46.50 50.28 50.00 50.00

2.66 Oil, Palm Kernel 2.70 2.88 3.03 2.95 3.02

0.25 Oil, Peanut 0.23 0.24 0.29 0.31 0.38

4.12 Oil, Rapeseed 4.40 4.50 4.87 5.14 5.15

11.70 Oil, Soybean 10.97 9.86 10.41 11.17 10.78


70.88 Total 75.43 75.39 81.21 82.66 82.44

none

Exports none

1.59 Oil, Coconut 1.91 1.73 1.94 2.02 2.01

0.07 Oil, Cottonseed 0.08 0.10 0.11 0.12 0.11

0.88 Oil, Olive 0.87 1.02 1.04 1.26 1.25

43.87 Oil, Palm 48.89 48.65 51.50 51.48 51.51

3.02 Oil, Palm Kernel 3.09 3.11 3.29 3.15 3.30

0.25 Oil, Peanut 0.27 0.28 0.32 0.32 0.33

4.17 Oil, Rapeseed 4.50 4.61 4.97 5.11 5.14

11.82 Oil, Soybean 11.36 10.54 11.18 11.55 11.49


73.77 Total 81.36 80.01 85.57 86.38 86.56

none


3.24 Oil, Coconut 3.09 3.40 3.54 3.62 3.66

4.36 Oil, Cottonseed 4.34 5.06 5.00 5.20 5.20

2.81 Oil, Olive 2.74 2.81 2.89 2.94 2.95

59.63 Oil, Palm 61.56 67.04 73.08 74.63 74.68

6.84 Oil, Palm Kernel 7.23 7.84 8.38 8.43 8.47

5.41 Oil, Peanut 5.55 5.73 5.94 6.06 6.15

28.27 Oil, Rapeseed 28.91 28.87 28.35 28.07 27.71

52.11 Oil, Soybean 53.32 54.59 54.96 56.63 55.73


177.67 Total 183.08 192.69 200.28 204.98 203.99

none

Ending Stocks none

0.49 Oil, Coconut 0.39 0.64 0.74 0.58 0.61

0.10 Oil, Cottonseed 0.11 0.13 0.17 0.12 0.13

0.53 Oil, Olive 0.31 0.69 1.00 1.00 0.97

8.79 Oil, Palm 9.62 11.04 10.69 7.54 7.49

0.68 Oil, Palm Kernel 0.71 0.91 0.85 0.71 0.67

0.26 Oil, Peanut 0.38 0.51 0.41 0.36 0.36

5.66 Oil, Rapeseed 4.20 3.28 2.75 2.02 2.21

3.85 Oil, Soybean 3.99 3.84 3.82 3.32 4.05


22.23 Total 21.91 23.14 22.00 17.43 18.32



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

Million Metric Tons

2015/16 2016/17 2017/18 2018/19

Mar

2019/20

Apr

2019/20

Production none

99.02 Brazil 117.59 125.81 121.94 131.06 129.63

115.89 United States 126.94 131.48 130.72 107.42 107.42

53.66 China 55.09 59.60 59.95 62.63 62.63

63.10 Argentina 60.16 42.52 61.00 59.06 57.06

29.37 India 37.05 35.41 35.55 36.66 36.66

162.94 Other 176.99 186.80 188.13 183.29 183.67

523.99 Total 573.83 581.62 597.27 580.13 577.07

Imports none

87.93 China 98.42 99.28 86.74 91.41 92.51

19.86 European Union 19.17 20.20 20.68 22.82 22.52

5.82 Mexico 6.03 6.76 7.72 7.81 7.61

5.78 Japan 5.79 5.86 5.91 5.97 5.97

0.68 Argentina 1.67 4.70 6.41 3.90 3.90

1.37 Egypt 2.18 3.63 3.48 3.77 3.78

2.98 Turkey 3.01 3.54 3.46 3.57 3.67

2.91 Thailand 3.19 2.59 3.27 3.50 3.51

2.52 Indonesia 3.03 2.92 3.02 3.38 3.30

2.62 Pakistan 2.77 3.16 2.56 3.06 3.06

21.20 Other 21.04 22.25 22.44 23.61 23.60

153.67 Total 166.29 174.90 165.70 172.78 173.41

Exports none

54.65 Brazil 63.36 76.46 74.90 77.35 78.85

53.97 United States 60.08 59.32 48.70 50.80 49.43

14.55 Canada 15.63 15.80 14.50 14.23 13.63

11.21 Argentina 7.88 2.76 10.08 9.21 9.22

5.03 Paraguay 5.51 6.03 4.93 5.90 5.90

3.89 Ukraine 4.13 4.91 5.13 5.51 5.57

2.12 Uruguay 3.22 1.25 2.75 2.13 2.13

7.59 Other 10.19 9.81 9.16 9.83 9.77

153.01 Total 170.01 176.33 170.14 174.96 174.50

Crush none

116.50 China 122.62 127.55 121.37 122.22 121.82

55.06 United States 56.26 60.17 61.03 61.41 62.02

41.84 Brazil 42.90 47.40 46.82 48.18 48.78

46.74 European Union 46.67 48.48 48.63 47.66 47.46

46.37 Argentina 46.82 40.64 44.35 47.25 45.25

22.70 India 27.40 27.78 29.22 29.52 29.52

13.59 Russia 15.40 15.95 17.85 20.07 20.10

12.93 Ukraine 15.58 14.96 17.04 17.42 17.67

10.02 Indonesia 10.98 12.06 12.44 12.74 12.74

10.25 Canada 11.05 11.21 11.37 11.40 11.50

6.16 Mexico 6.40 6.99 7.86 7.91 7.76

5.58 Pakistan 5.88 6.25 6.17 6.49 6.49

5.21 Malaysia 5.38 5.48 5.77 5.44 5.47

3.68 Turkey 4.05 4.88 5.19 4.90 5.00

4.73 Japan 4.86 4.63 4.84 4.86 4.88

43.22 Other 45.25 48.98 49.40 50.47 50.97

444.58 Total 467.48 483.40 489.35 497.94 497.42

Ending Stocks none

24.68 Brazil 33.36 32.91 30.67 33.45 29.91

28.36 Argentina 28.52 25.11 30.56 29.29 29.29

18.03 China 21.66 24.61 20.74 22.50 23.99

6.87 United States 9.60 13.83 26.54 13.10 14.60

2.42 Canada 1.66 3.17 4.98 4.14 4.34

13.14 Other 14.22 17.12 15.73 14.90 14.20

93.49 Total 109.01 116.74 129.21 117.37 116.33

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


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

Million Metric Tons

2015/16 2016/17 2017/18 2018/19

Mar

2019/20

Apr

2019/20

Production none

82.73 China 87.67 90.57 85.87 86.54 86.28

42.78 United States 43.11 47.03 46.52 47.23 47.74

31.74 Brazil 32.45 35.82 34.98 36.05 36.50

34.53 Argentina 34.78 30.01 32.83 35.10 33.57

30.16 European Union 30.00 31.07 31.25 30.81 30.69

83.23 Other 92.01 96.75 101.49 103.44 103.95

305.17 Total 320.03 331.24 332.93 339.15 338.72

Imports none

25.41 European Union 24.90 24.67 25.48 25.26 25.11

5.70 Vietnam 5.65 5.80 6.13 6.19 6.22

1.83 China 3.18 3.59 5.04 5.05 5.16

4.30 Indonesia 4.35 4.61 4.56 4.86 4.87

4.07 United States 3.92 3.74 3.93 3.93 3.97

2.98 Thailand 3.32 3.77 3.63 3.88 3.91

3.39 Korea, South 3.03 3.28 3.40 3.39 3.40

35.06 Other 35.15 35.33 35.70 37.92 37.31

82.74 Total 83.50 84.79 87.85 90.47 89.95

Exports none

31.09 Argentina 32.13 27.05 29.80 30.75 29.75

15.41 Brazil 13.76 16.03 15.97 15.40 16.00

11.18 United States 10.83 13.00 12.60 12.29 12.51

4.35 Ukraine 5.19 4.67 5.75 5.77 5.82

4.12 Indonesia 4.51 5.02 5.46 5.25 5.25

4.44 Canada 4.93 4.90 5.07 5.05 5.18

1.93 Russia 1.81 1.84 2.28 2.59 2.63

14.53 Other 15.13 16.69 16.88 16.01 15.98

87.04 Total 88.29 89.20 93.82 93.10 93.11


82.51 China 89.69 92.92 89.95 90.58 90.43

54.25 European Union 54.37 54.41 54.89 55.19 54.99

35.68 United States 36.07 37.61 37.99 38.89 39.22

17.46 Brazil 18.12 18.83 19.71 20.58 20.52

12.87 India 13.55 14.19 14.61 15.63 15.66

5.87 Russia 6.57 7.13 7.62 8.20 8.21

6.82 Mexico 6.91 7.04 7.63 7.97 7.86

6.47 Vietnam 6.83 7.30 7.42 7.62 7.53

5.31 Thailand 5.45 5.51 5.82 6.04 6.26

5.10 Indonesia 5.30 5.52 5.60 5.90 5.83

69.12 Other 72.39 75.86 78.11 81.52 80.71

301.46 Total 315.24 326.29 329.35 338.10 337.22

SME none

77.92 China 85.11 87.76 84.42 84.98 84.93

46.55 European Union 46.50 46.39 46.91 47.31 47.11

34.27 United States 34.64 36.28 36.67 37.53 37.85

17.26 Brazil 17.88 18.52 19.30 20.16 20.09

11.00 India 11.65 12.17 12.48 13.36 13.38

6.45 Mexico 6.54 6.68 7.28 7.63 7.54

6.21 Vietnam 6.51 6.97 7.02 7.33 7.11

76.98 Other 80.15 84.01 86.99 90.10 90.42

276.65 Total 289.00 298.78 301.06 308.38 308.43

Ending Stocks none

2.72 Brazil 3.33 4.30 3.62 3.72 3.62

4.34 Argentina 3.43 2.62 1.77 2.05 1.52

1.89 European Union 1.11 0.99 1.44 0.79 0.86

0.38 India 1.13 0.66 0.88 0.61 0.62

0.53 Indonesia 0.56 0.67 0.41 0.63 0.61

7.48 Other 7.77 8.61 7.36 6.86 6.59

17.33 Total 17.33 17.86 15.47 14.66 13.82

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


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

Million Metric Tons

2015/16 2016/17 2017/18 2018/19

Mar

2019/20

Apr

2019/20

Production none

36.68 Indonesia 41.10 45.08 47.25 48.37 48.37

25.78 China 26.76 27.77 26.43 26.56 26.39

19.85 Malaysia 21.13 22.02 23.24 21.27 21.29

18.42 European Union 18.07 19.04 19.15 18.34 18.26

11.21 United States 11.43 12.11 12.20 12.30 12.40

8.46 Brazil 8.73 9.60 9.47 9.76 9.87

9.72 Argentina 9.87 8.78 9.47 10.02 9.62

46.28 Other 51.60 54.14 56.29 57.93 58.22

176.39 Total 188.68 198.54 203.50 204.54 204.42

Imports none

15.11 India 15.41 14.49 15.25 16.23 16.00

7.77 China 8.00 8.65 11.41 12.15 12.18

10.06 European Union 10.87 10.67 11.48 11.61 11.63

4.53 United States 4.73 4.78 4.71 4.86 4.91

2.91 Pakistan 3.25 3.20 3.27 3.38 3.36

2.16 Bangladesh 2.18 2.50 2.59 2.30 2.35

2.04 Egypt 2.16 1.81 1.60 1.80 1.77

0.99 Iran 1.21 1.21 1.59 1.33 1.43

1.05 Philippines 1.31 1.31 1.17 1.31 1.33

1.36 Malaysia 1.09 1.11 1.69 1.26 1.31

22.90 Other 25.22 25.67 26.47 26.42 26.17

70.88 Total 75.43 75.39 81.21 82.66 82.44

Exports none

25.19 Indonesia 29.86 29.28 30.78 31.60 31.60

17.90 Malaysia 17.47 17.70 19.65 18.55 18.68

4.81 Ukraine 6.11 5.60 6.55 6.60 6.65

6.41 Argentina 6.28 5.08 6.35 6.64 6.34

2.24 Russia 2.98 3.26 3.84 4.22 4.22

2.93 Canada 3.29 3.34 3.34 3.63 3.57

2.48 European Union 2.40 2.51 2.35 2.58 2.59

11.81 Other 12.96 13.24 12.70 12.58 12.91

73.77 Total 81.36 80.01 85.57 86.38 86.56


34.72 China 35.73 36.86 38.36 39.01 38.87

26.16 European Union 26.57 26.96 27.52 27.26 27.18

20.99 India 21.68 22.20 22.89 23.85 23.65

11.60 Indonesia 11.89 14.69 17.10 17.78 17.78

14.57 United States 14.72 15.54 15.89 16.09 15.95

7.50 Brazil 7.88 8.45 8.89 9.22 9.23

4.54 Malaysia 4.19 4.89 5.21 5.34 5.34

4.25 Pakistan 4.45 4.55 4.68 4.90 4.90

3.31 Russia 3.40 3.50 3.63 3.78 3.79

2.52 Thailand 2.72 2.88 3.17 3.39 3.37

2.36 Bangladesh 2.56 2.82 3.00 3.10 3.13

3.53 Argentina 3.64 3.74 3.23 3.25 3.05

2.59 Mexico 2.71 2.85 2.96 3.01 2.96

2.36 Japan 2.41 2.46 2.56 2.57 2.58

2.29 Turkey 2.34 2.38 2.40 2.48 2.51

34.37 Other 36.19 37.92 38.79 39.94 39.70

177.67 Total 183.08 192.69 200.28 204.98 203.99

Ending Stocks none

1.79 European Union 1.76 1.99 2.76 2.88 2.88

3.10 Indonesia 2.50 3.67 3.11 2.26 2.15

4.65 China 3.52 2.80 2.02 1.51 1.51

1.73 Malaysia 2.29 2.83 2.90 1.44 1.48

1.77 India 2.35 1.68 1.43 1.18 1.23

9.18 Other 9.49 10.16 9.79 8.16 9.07

22.23 Total 21.91 23.14 22.00 17.43 18.32

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


Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2015/16 2016/17 2017/18 2018/19

Mar

2019/20

Apr

2019/20

Production none

96,500 Brazil 114,600 122,000 117,000 126,000 124,500

106,869 United States 116,931 120,065 120,515 96,841 96,841

58,800 Argentina 55,000 37,800 55,300 54,000 52,000

12,367 China 13,596 15,283 15,967 18,100 18,100

8,856 Paraguay 9,163 10,478 8,850 9,900 9,900

6,929 India 10,992 8,350 10,930 9,300 9,300

6,456 Canada 6,597 7,717 7,267 6,000 6,000

19,431 Other 22,128 20,396 22,817 21,622 21,441

316,208 Total 349,007 342,089 358,646 341,763 338,082

Imports none

83,230 China 93,495 94,095 82,540 88,000 89,000

15,120 European Union 13,441 14,584 14,983 15,200 15,100

4,126 Mexico 4,126 4,873 5,867 6,000 6,000

676 Argentina 1,674 4,703 6,408 3,900 3,900

1,300 Egypt 2,115 3,550 3,380 3,700 3,700

2,798 Thailand 3,078 2,482 3,155 3,400 3,400

3,186 Japan 3,175 3,256 3,314 3,350 3,350

2,274 Indonesia 2,649 2,483 2,623 2,950 2,875

2,476 Taiwan 2,566 2,666 2,614 2,850 2,850

2,283 Turkey 2,271 2,777 2,405 2,800 2,800

16,006 Other 15,680 17,760 17,350 18,601 18,491

133,475 Total 144,270 153,229 144,639 150,751 151,466

Exports none

54,383 Brazil 63,137 76,136 74,594 77,000 78,500

52,869 United States 58,963 58,071 47,564 49,668 48,308

9,922 Argentina 7,025 2,132 9,104 8,200 8,200

5,020 Paraguay 5,500 6,029 4,901 5,900 5,900

4,236 Canada 4,592 4,925 5,258 4,700 4,300

5,802 Other 7,716 5,783 6,877 6,410 6,290

132,232 Total 146,933 153,076 148,298 151,878 151,498

Crush none

81,500 China 88,000 90,000 85,000 86,000 86,000

51,335 United States 51,742 55,926 56,935 57,289 57,833

39,747 Brazil 40,411 44,205 42,465 43,750 44,250

43,267 Argentina 43,309 36,933 40,567 43,600 41,600

14,950 European Union 14,400 14,950 15,500 15,900 15,900

5,500 India 9,000 7,700 9,600 8,300 8,300

4,400 Mexico 4,600 5,250 6,150 6,200 6,200

4,000 Russia 4,400 4,600 4,650 4,920 4,950

3,800 Paraguay 3,750 3,870 3,900 3,900 3,900

1,150 Egypt 2,200 3,200 3,400 3,600 3,600

2,550 Bolivia 2,550 2,300 2,550 2,550 2,550

1,950 Iran 2,050 2,700 2,400 1,800 2,500

2,283 Japan 2,392 2,400 2,400 2,430 2,430

1,100 Bangladesh 1,100 1,250 1,650 2,100 2,400

1,980 Taiwan 2,045 2,150 2,250 2,350 2,350

15,647 Other 15,842 17,171 18,429 18,757 18,080

275,159 Total 287,791 294,605 297,846 303,446 302,843

Ending Stocks none

24,558 Brazil 33,212 32,740 30,481 33,231 29,731

27,156 Argentina 26,996 23,734 28,890 27,890 27,890

16,643 China 20,120 23,064 19,455 21,730 22,730

5,354 United States 8,208 11,923 24,740 11,557 13,074

1,559 European Union 1,150 1,398 1,706 1,667 1,596

4,642 Other 5,114 6,158 5,541 6,364 5,442

79,912 Total 94,800 99,017 110,813 102,439 100,463

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 Jan/Dec MY.


Table 08: Soybean Meal: World Supply and Distribution


2015/16 2016/17 2017/18 2018/19

Mar

2019/20

Apr

2019/20

Production none

64,548 China 69,696 71,280 67,320 68,112 68,112

40,525 United States 40,630 44,657 44,283 44,881 45,335

30,750 Brazil 31,280 34,300 32,910 33,950 34,350

33,211 Argentina 33,280 28,400 31,200 33,525 32,000

11,811 European Union 11,376 11,811 12,245 12,561 12,561

4,400 India 7,200 6,160 7,680 6,640 6,640

3,480 Mexico 3,635 4,152 4,860 4,900 4,900

27,274 Other 28,838 31,694 33,110 33,919 34,187

215,999 Total 225,935 232,454 233,608 238,488 238,085

Imports none

19,213 European Union 18,794 18,354 18,756 18,700 18,500

5,094 Vietnam 4,945 4,969 5,149 5,450 5,250

4,203 Indonesia 4,255 4,486 4,449 4,750 4,750

2,433 Thailand 2,782 3,191 2,889 3,225 3,100

2,617 Philippines 2,660 2,927 2,929 2,850 2,950

1,420 Iran 1,507 1,514 2,802 2,100 2,600

2,118 Korea, South 1,764 1,846 1,855 1,925 1,925

2,367 Mexico 1,991 1,818 1,836 1,980 1,925

1,721 Japan 1,621 1,728 1,596 1,675 1,675

1,206 Colombia 1,284 1,373 1,433 1,500 1,500

19,649 Other 18,575 18,924 18,337 19,625 19,556

62,041 Total 60,178 61,130 62,031 63,780 63,731

Exports none

30,333 Argentina 31,323 26,265 28,833 30,000 29,000

15,407 Brazil 13,762 16,032 15,973 15,400 16,000

10,843 United States 10,505 12,715 12,296 11,975 12,202

2,561 Paraguay 2,370 2,628 2,333 2,550 2,550

1,726 Bolivia 1,289 1,651 1,653 1,750 1,650

4,688 Other 5,352 5,611 6,179 5,210 5,335

65,558 Total 64,601 64,902 67,267 66,885 66,737


62,663 China 68,646 70,105 66,405 67,152 67,152

30,037 United States 30,314 32,239 32,746 33,385 33,657

30,692 European Union 30,242 30,042 30,442 31,142 30,942

16,470 Brazil 16,943 17,311 17,645 18,475 18,375

5,700 Mexico 5,770 5,950 6,575 6,925 6,900

5,470 Vietnam 5,740 6,110 6,020 6,420 6,120

4,460 India 4,675 4,740 5,280 5,490 5,490

4,180 Thailand 4,250 4,280 4,400 4,700 4,750

4,150 Indonesia 4,250 4,450 4,600 4,750 4,675

3,080 Iran 3,300 3,700 4,350 3,800 4,550

3,100 Russia 3,200 3,400 3,600 3,700 3,700

3,460 Japan 3,420 3,521 3,411 3,520 3,480

2,750 Egypt 2,900 3,075 3,200 3,450 3,300

2,672 Argentina 2,853 2,996 3,126 3,280 3,280

2,650 Philippines 2,700 3,000 3,025 3,000 3,050

31,360 Other 32,143 33,961 35,301 37,452 37,002

212,894 Total 221,346 228,880 230,126 236,641 236,423

Ending Stocks none

2,710 Brazil 3,320 4,296 3,610 3,710 3,610

4,231 Argentina 3,335 2,475 1,743 1,988 1,463

249 Iran 87 48 395 276 419

239 United States 363 504 365 340 340

144 Bangladesh 133 201 216 243 332

6,032 Other 6,533 6,049 5,490 4,770 4,311

13,605 Total 13,771 13,573 11,819 11,327 10,475

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, Vietnam and the Philippines are on a January/December MY and Bolivia is on a

March/February MY.


Table 09: Soybean Oil: World Supply and Distribution


2015/16 2016/17 2017/18 2018/19

Mar

2019/20

Apr

2019/20

Production none

14,605 China 15,770 16,128 15,232 15,411 15,411

9,956 United States 10,035 10,783 10,976 11,018 11,104

7,627 Brazil 7,755 8,485 8,150 8,400 8,500

8,433 Argentina 8,395 7,236 7,910 8,500 8,100

2,841 European Union 2,736 2,841 2,945 3,021 3,021

990 India 1,620 1,386 1,730 1,495 1,495

785 Mexico 820 937 1,100 1,110 1,110

6,344 Other 6,715 7,329 7,666 7,823 7,923

51,581 Total 53,846 55,125 55,709 56,778 56,664

Imports none

4,269 India 3,534 2,984 3,000 3,500 3,345

586 China 711 481 783 1,100 1,000

732 Algeria 674 752 854 770 770

647 Bangladesh 830 859 1,017 700 750

465 Morocco 497 502 536 545 550

382 Peru 449 503 538 525 550

325 European Union 285 284 416 375 425

372 Colombia 352 344 343 390 360

250 Korea, South 306 276 328 295 300

299 Iran 257 213 346 165 265

3,368 Other 3,076 2,660 2,250 2,800 2,467

11,695 Total 10,971 9,858 10,411 11,165 10,782

Exports none

5,698 Argentina 5,387 4,164 5,261 5,800 5,500

1,017 United States 1,159 1,108 881 953 1,089

1,550 Brazil 1,241 1,511 1,079 1,000 1,000

915 European Union 819 902 788 850 850

708 Paraguay 681 702 653 710 710

431 Russia 529 568 572 620 620

444 Bolivia 338 380 390 370 370

1,057 Other 1,203 1,207 1,554 1,244 1,350

11,820 Total 11,357 10,542 11,178 11,547 11,489


15,350 China 16,350 16,500 15,885 16,404 16,304

9,145 United States 9,010 9,698 10,375 10,387 10,160

6,288 Brazil 6,570 6,940 7,165 7,450 7,450

5,250 India 5,150 4,670 4,750 5,000 4,850

2,285 European Union 2,215 2,225 2,455 2,525 2,525

2,840 Argentina 2,985 3,081 2,574 2,589 2,389

1,020 Mexico 1,070 1,120 1,240 1,260 1,260

785 Bangladesh 1,010 1,085 1,170 1,199 1,220

700 Algeria 710 730 760 765 775

960 Egypt 610 710 700 780 725

680 Iran 700 710 715 465 720

405 Peru 435 488 538 525 550

480 Morocco 480 510 520 535 540

440 Korea, South 450 470 500 495 505

417 Pakistan 470 485 490 512 505

5,062 Other 5,105 5,164 5,127 5,739 5,249

52,107 Total 53,320 54,586 54,964 56,630 55,727

Ending Stocks none

765 United States 776 905 805 687 830

260 Argentina 283 274 349 460 560

657 China 670 568 501 458 458

287 Brazil 291 370 300 280 380

164 European Union 151 149 267 288 338

1,712 Other 1,814 1,574 1,596 1,147 1,482

3,845 Total 3,985 3,840 3,818 3,320 4,048

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

on an January/December MY and Bolivia is on a March/February MY.


Table 10: Soybeans and Products: World Trade


Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2019/202018/192017/182019/202018/192017/182019/202018/192017/18

Exports

North America 13,087 12,729 12,537 1,272 1,064 1,264 62,996 52,822 52,608

Canada (Aug-Jul) 357 425 325 157 173 160 4,925 5,258 4,300

United States (Oct-Sep) 12,715 12,296 12,202 1,108 881 1,089 58,071 47,564 48,308

South America 46,576 48,810 49,205 6,785 7,446 7,645 85,562 91,367 94,748

Argentina (Oct-Sep) 26,265 28,833 29,000 4,164 5,261 5,500 2,132 9,104 8,200

Brazil (Oct-Sep) 16,032 15,973 16,000 1,511 1,079 1,000 76,136 74,594 78,500

Paraguay (Jan-Dec) 2,628 2,333 2,550 702 653 710 6,029 4,901 5,900

South Asia 1,869 2,189 1,455 7 8 10 217 165 110

India (Oct-Sep) 1,863 2,184 1,450 7 8 10 217 165 110

Other 3,370 3,539 3,540 2,478 2,660 2,570 4,301 3,944 4,032

World Total 64,902 67,267 66,737 10,542 11,178 11,489 153,076 148,298 151,498

Imports

European Union (Oct-Sep) 18,354 18,756 18,500 284 416 425 14,584 14,983 15,100

East Asia 3,639 3,531 3,685 937 1,308 1,485 101,275 89,843 96,602

China (Oct-Sep) 23 17 15 481 783 1,000 94,095 82,540 89,000

Japan (Oct-Sep) 1,728 1,596 1,675 7 13 7 3,256 3,314 3,350

Korea, South (Oct-Sep) 1,846 1,855 1,925 276 328 300 1,256 1,373 1,400

Taiwan (Oct-Sep) 24 26 30 0 0 0 2,666 2,614 2,850

Southeast Asia 17,210 16,691 17,481 246 242 273 7,695 8,350 9,166

Indonesia (Oct-Sep) 4,486 4,449 4,750 30 34 34 2,483 2,623 2,875

Malaysia (Oct-Sep) 1,609 1,245 1,400 88 83 110 690 747 810

Philippines (Jan-Dec) 2,927 2,929 2,950 63 62 65 192 175 180

Thailand (Sep-Aug) 3,191 2,889 3,100 0 1 1 2,482 3,155 3,400

Vietnam (Jan-Dec) 4,969 5,149 5,250 47 45 45 1,807 1,596 1,850

North America 3,278 3,474 3,474 368 357 363 5,954 7,422 6,908

Canada (Aug-Jul) 1,022 1,018 1,050 21 23 23 487 1,172 500

Mexico (Sep-Aug) 1,818 1,836 1,925 195 154 170 4,873 5,867 6,000

South America 5,217 5,452 5,530 1,301 1,126 1,210 6,182 7,662 5,229

Brazil (Oct-Sep) 19 22 25 45 24 30 175 140 150

Colombia (Oct-Sep) 1,373 1,433 1,500 344 343 360 599 619 660

Central America 1,253 1,287 1,375 158 168 187 290 263 315

Caribbean 1,019 1,084 1,090 287 305 328 151 119 130

Middle East 4,229 5,583 5,695 331 434 358 6,358 5,727 6,150

Iran (Oct-Sep) 1,514 2,802 2,600 213 346 265 2,559 2,346 2,300

Israel (Oct-Sep) 110 182 200 9 8 10 438 392 415

Syria (Jan-Dec) 4 12 15 7 5 2 2 15 15

Turkey (Oct-Sep) 557 724 850 0 0 0 2,777 2,405 2,800

North Africa 3,098 2,231 2,781 1,576 1,560 1,540 4,260 3,921 4,385

Egypt (Oct-Sep) 684 195 425 227 94 150 3,550 3,380 3,700

Other 3,833 3,942 4,120 4,370 4,495 4,613 6,480 6,349 7,481

World Total 61,130 62,031 63,731 9,858 10,411 10,782 153,229 144,639 151,466


Table 11: Palm Oil: World Supply and Distribution


2015/16 2016/17 2017/18 2018/19

Mar

2019/20

Apr

2019/20

Production none

32,000 Indonesia 36,000 39,500 41,500 42,500 42,500

17,700 Malaysia 18,858 19,683 20,800 19,000 19,000

1,804 Thailand 2,500 2,780 2,900 3,000 3,000

1,275 Colombia 1,146 1,627 1,632 1,529 1,529

955 Nigeria 990 1,025 1,015 1,015 1,015

5,184 Other 5,845 5,995 6,097 5,905 5,950

58,918 Total 65,339 70,610 73,944 72,949 72,994

Imports none

8,860 India 9,341 8,608 9,710 9,750 9,750

6,717 European Union 7,217 7,079 7,297 7,300 7,300

4,689 China 4,881 5,320 6,795 6,900 6,900

2,720 Pakistan 3,075 3,093 3,175 3,275 3,275

1,511 Bangladesh 1,347 1,637 1,569 1,600 1,600

1,307 United States 1,367 1,527 1,531 1,550 1,550

941 Philippines 1,165 1,167 1,055 1,200 1,200

1,038 Egypt 1,323 1,095 1,023 1,125 1,125

695 Kenya 767 764 915 920 920

788 Burma 809 847 945 900 900

13,415 Other 14,650 15,364 16,267 15,480 15,480

42,681 Total 45,942 46,501 50,282 50,000 50,000

Exports none

22,906 Indonesia 27,633 26,967 28,279 29,110 29,110

16,667 Malaysia 16,313 16,472 18,364 17,350 17,350

659 Guatemala 724 802 828 810 810

420 Colombia 502 697 677 770 770

580 Papua New Guinea 664 684 720 520 565

2,638 Other 3,052 3,031 2,634 2,917 2,902

43,870 Total 48,888 48,653 51,502 51,477 51,507


9,120 Indonesia 9,125 11,565 13,721 14,270 14,270

9,100 India 9,350 9,270 9,805 10,035 10,035

6,700 European Union 6,900 6,950 7,170 7,070 7,070

4,800 China 4,750 5,100 7,012 6,900 6,900

3,000 Malaysia 2,587 3,233 3,504 3,625 3,625

2,795 Pakistan 2,995 3,145 3,245 3,390 3,390

1,919 Thailand 2,135 2,343 2,565 2,720 2,720

1,391 Bangladesh 1,364 1,580 1,600 1,650 1,650

1,269 United States 1,355 1,563 1,501 1,518 1,541

1,320 Nigeria 1,240 1,290 1,390 1,390 1,390

930 Philippines 1,220 1,250 1,260 1,280 1,280

1,100 Egypt 1,150 1,155 1,175 1,160 1,160

915 Colombia 965 1,030 1,085 1,155 1,155

788 Burma 800 850 900 940 940

745 Vietnam 786 861 877 897 897

13,735 Other 14,842 15,852 16,271 16,627 16,655

59,627 Total 61,564 67,037 73,081 74,627 74,678

Ending Stocks none

2,863 Indonesia 2,110 3,079 2,579 1,699 1,699

1,460 Malaysia 2,016 2,529 2,543 1,218 1,218

425 European Union 608 591 602 687 687

209 Thailand 276 368 439 349 349

151 Russia 131 145 324 339 339

3,684 Other 4,480 4,330 4,198 3,244 3,202

8,792 Total 9,621 11,042 10,685 7,536 7,494


Table 12: Rapeseed and Products: World Supply and Distribution


Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2019/202018/192017/182019/202018/192017/182019/202018/192017/18

Production

China (Oct-Sep) 10,209 9,722 8,970 6,747 6,425 5,928 13,274 13,281 13,100

India (Oct-Sep) 3,700 4,100 4,170 2,356 2,622 2,660 7,100 8,000 7,700

Canada (Aug-Jul) 5,230 5,240 5,465 4,120 4,065 4,250 21,328 20,343 19,000

Japan (Oct-Sep) 1,225 1,338 1,346 957 1,045 1,050 4 4 4

European Union (Jul-Jun) 13,851 13,680 12,811 10,157 10,032 9,395 22,184 20,033 17,000

Other 5,267 5,381 5,600 3,719 3,726 3,880 11,134 10,753 11,434

World Total 39,482 39,461 38,362 28,056 27,915 27,163 75,024 72,414 68,238

Imports

China (Oct-Sep) 1,258 1,437 1,500 1,067 1,507 1,625 4,715 3,486 2,500

India (Oct-Sep) 0 0 0 278 62 45 0 0 0

Canada (Aug-Jul) 17 6 5 14 16 16 108 146 150

Japan (Oct-Sep) 6 7 7 19 28 35 2,384 2,384 2,400

European Union (Jul-Jun) 242 514 480 158 246 275 4,150 4,232 5,800

Other 4,721 4,876 5,103 2,962 3,014 3,151 4,118 4,073 3,945

World Total 6,244 6,840 7,095 4,498 4,873 5,147 15,475 14,321 14,795

Exports

China (Oct-Sep) 14 11 12 16 15 9 0 0 0

India (Oct-Sep) 864 950 875 3 4 4 0 0 0

Canada (Aug-Jul) 4,537 4,643 4,850 3,170 3,155 3,400 10,849 9,202 9,300

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

European Union (Jul-Jun) 460 447 450 271 208 215 131 89 50

Other 511 868 913 1,145 1,586 1,514 5,216 5,007 5,647

World Total 6,386 6,919 7,100 4,606 4,969 5,143 16,196 14,298 14,997

Domestic Consumption

China (Oct-Sep) 11,453 11,148 10,458 8,600 8,387 7,976 17,800 16,925 15,650

India (Oct-Sep) 2,875 3,200 3,300 2,730 2,730 2,730 7,170 7,900 7,950

Canada (Aug-Jul) 680 650 650 970 980 995 9,430 9,692 10,200

Japan (Oct-Sep) 1,226 1,339 1,360 990 1,065 1,085 2,207 2,411 2,425

European Union (Jul-Jun) 13,500 13,600 13,200 10,100 9,900 9,425 25,250 24,500 23,325

Other 9,404 9,424 9,761 5,476 5,291 5,496 9,724 10,037 10,121

World Total 39,138 39,361 38,729 28,866 28,353 27,707 71,581 71,465 69,671

Ending Stocks

China (Oct-Sep) 0 0 0 1,741 1,271 839 1,353 1,195 1,145

India (Oct-Sep) 447 397 392 268 218 189 369 469 219

Canada (Aug-Jul) 117 70 40 487 433 304 2,499 4,094 3,744

Japan (Oct-Sep) 64 70 63 22 29 28 202 179 158

European Union (Jul-Jun) 406 553 194 258 428 458 1,828 1,504 929

Other 245 210 239 506 369 390 1,611 1,393 1,004

World Total 1,279 1,300 928 3,282 2,748 2,208 7,862 8,834 7,199


Table 13: Sunflowerseed and Products: World Supply and Distribution


Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2019/202018/192017/182019/202018/192017/182019/202018/192017/18

Production

Argentina (Mar-Feb) 3,538 3,825 3,400 1,400 1,435 1,360 1,385 1,425 1,350

Russia (Sep-Aug) 10,362 12,710 15,305 4,167 4,845 5,630 4,192 4,875 5,660

Turkey (Sep-Aug) 1,550 1,800 1,750 1,128 1,280 1,280 892 1,022 1,022

Ukraine (Sep-Aug) 13,700 15,000 16,500 5,679 6,112 6,608 5,913 6,364 6,880

European Union (Oct-Sep) 10,128 9,513 9,750 4,806 4,752 4,698 3,760 3,718 3,676

Other 8,568 7,703 8,544 2,764 2,306 2,789 2,391 2,006 2,365

World Total 47,846 50,551 55,249 19,944 20,730 22,365 18,533 19,410 20,953

Imports

Argentina (Mar-Feb) 0 1 0 0 0 0 0 0 0

Russia (Sep-Aug) 47 52 30 39 10 5 30 10 2

Turkey (Sep-Aug) 720 1,027 850 931 910 950 503 533 550

Ukraine (Sep-Aug) 30 23 10 9 5 8 1 0 0

European Union (Oct-Sep) 512 545 690 3,485 3,670 3,600 1,529 1,966 2,000

Other 839 843 1,117 2,095 3,187 3,286 6,632 6,916 7,595

World Total 2,148 2,491 2,697 6,559 7,782 7,849 8,695 9,425 10,147

Exports

Argentina (Mar-Feb) 55 150 100 760 950 725 783 940 690

Russia (Sep-Aug) 98 334 650 1,203 1,573 1,850 2,310 2,651 3,010

Turkey (Sep-Aug) 56 51 75 7 23 20 389 436 375

Ukraine (Sep-Aug) 39 105 120 4,238 4,808 4,950 5,342 6,063 6,250

European Union (Oct-Sep) 630 608 615 406 387 450 526 486 540

Other 1,638 1,765 1,722 369 329 329 616 638 547

World Total 2,516 3,013 3,282 6,983 8,070 8,324 9,966 11,214 11,412


Argentina (Mar-Feb) 3,531 3,656 3,475 590 600 610 637 637 642

Russia (Sep-Aug) 10,456 12,250 14,215 3,050 3,300 3,750 2,023 2,225 2,423

Turkey (Sep-Aug) 2,212 2,527 2,537 2,000 2,180 2,250 1,015 1,095 1,198

Ukraine (Sep-Aug) 13,940 14,950 16,210 1,350 1,500 1,600 550 550 565

European Union (Oct-Sep) 9,990 9,870 9,770 7,860 7,920 7,885 4,783 5,023 5,153

Other 8,063 6,971 7,943 4,517 5,209 5,741 8,356 8,596 9,456

World Total 48,192 50,224 54,150 19,367 20,709 21,836 17,364 18,126 19,437

Ending Stocks

Argentina (Mar-Feb) 990 1,010 835 135 20 45 185 33 51

Russia (Sep-Aug) 179 357 827 303 285 320 109 118 347

Turkey (Sep-Aug) 51 300 288 203 190 150 23 47 46

Ukraine (Sep-Aug) 172 140 320 534 343 409 277 28 93


Other 637 447 443 132 87 92 1,194 882 839

World Total 2,694 2,499 3,013 1,681 1,414 1,468 2,087 1,582 1,833


Table 14: Minor Vegetable Oils: World Supply and Distribution


Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2019/202018/192017/182019/202018/192017/182019/202018/192017/18

Production

China (Oct-Sep) 2,864 2,928 2,976 1,382 1,374 1,356 5 4 5

India (Oct-Sep) 1,220 1,090 1,190 1,325 1,225 1,400 nr nr nr

Turkey (Nov-Oct) 7 7 7 232 240 198 263 183 250

United States (Aug-Jul) 105 99 115 255 207 225 16 16 16

European Union (Oct-Sep) 13 11 12 44 45 53 2,220 2,400 2,100

Other 1,698 1,720 1,757 1,856 1,967 1,962 766 647 809

World Total 5,907 5,855 6,057 5,094 5,058 5,194 3,270 3,250 3,180

Imports

China (Oct-Sep) 112 172 250 0 0 0 42 50 55

India (Oct-Sep) 0 0 0 3 0 2 nr nr nr

Turkey (Nov-Oct) 0 0 0 0 0 0 0 24 25



Other 25 25 25 76 89 80 364 377 367

World Total 239 293 377 80 90 83 939 985 996

Exports

China (Oct-Sep) 10 9 10 0 4 2 0 0 0


Turkey (Nov-Oct) 0 0 0 1 8 10 74 58 75



Other 243 294 296 53 60 58 290 245 353

World Total 281 318 329 100 113 112 1,020 1,038 1,254


China (Oct-Sep) 2,966 3,091 3,216 1,382 1,370 1,354 47 54 60

India (Oct-Sep) 1,090 1,150 1,210 1,345 1,227 1,395 nr nr nr

Turkey (Nov-Oct) 7 7 7 234 224 198 177 163 185


European Union (Oct-Sep) 79 79 79 44 45 53 1,470 1,495 1,520

Other 1,460 1,488 1,499 1,836 1,969 2,024 789 814 825

World Total 5,734 5,937 6,153 5,056 5,001 5,204 2,810 2,890 2,949

Ending Stocks

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


Turkey (Nov-Oct) 0 0 0 2 10 0 34 20 35



Other 113 76 63 94 121 81 193 158 156

World Total 514 407 359 132 166 127 693 1,000 973


Table 15: World Oilseeds and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Major Oilseeds

405.56 31.3382.89554.2680.8567.85223.40 2006/07 394.21 77.16

393.14 31.9291.74560.7090.4177.16220.36 2007/08 403.27 65.69

399.73 33.7894.15559.9694.5465.69230.88 2008/09 405.30 60.52

447.22 34.61107.60610.36102.6260.52235.72 2009/10 425.39 77.36

460.46 35.86108.32642.83105.0177.36245.72 2010/11 445.98 88.53

446.75 36.08110.97648.56113.2888.53248.79 2011/12 465.82 71.76

474.60 36.46118.11661.17114.8171.76256.67 2012/13 471.09 71.98

503.31 37.27133.77708.96133.6771.98260.94 2013/14 494.18 81.02

538.51 38.85147.20763.02143.4981.02267.13 2014/15 520.61 95.20

523.99 40.27153.01772.86153.6795.20265.26 2015/16 526.36 93.49

573.83 41.76170.01833.60166.2993.49267.96 2016/17 554.59 109.01

581.62 42.89176.33865.53174.90109.01280.54 2017/18 572.45 116.74

597.27 43.94170.14879.71165.70116.74282.62 2018/19 580.36 129.21

577.07 45.05174.50879.69173.41129.21277.78 2019/20 588.87 116.33

Major Protein Meals

224.22 0.2869.25300.5067.408.89nr 2006/07 220.94 10.31

231.90 0.2972.93312.7470.5310.31nr 2007/08 229.40 10.41

230.09 0.3270.15308.8568.3610.41nr 2008/09 230.15 8.56

244.52 0.4072.70323.4670.398.56nr 2009/10 240.56 10.20

257.31 0.3377.88342.5875.0710.20nr 2010/11 251.71 13.00

267.44 0.4081.10359.6279.1913.00nr 2011/12 263.88 14.65

269.17 0.4379.37358.6374.8114.65nr 2012/13 266.39 12.87

282.61 0.4483.34375.6580.1612.87nr 2013/14 277.82 14.48

300.38 0.4586.38396.7881.9214.48nr 2014/15 292.48 17.92

305.17 0.4887.04405.8382.7417.92nr 2015/16 301.46 17.33

320.03 0.5188.29420.8683.5017.33nr 2016/17 315.24 17.33

331.24 0.5989.20433.3684.7917.33nr 2017/18 326.29 17.86

332.93 0.6393.82438.6387.8517.86nr 2018/19 329.35 15.47

338.72 0.6493.11444.1489.9515.47nr 2019/20 337.22 13.82

Major Vegetable Oils

122.80 96.3550.29183.4646.6314.0214.20 2006/07 118.64 14.53

129.98 99.5554.45194.4949.9914.5314.73 2007/08 125.13 14.92

135.19 103.2856.65203.7553.6414.9215.61 2008/09 131.25 15.86

142.47 107.8258.85213.9855.6515.8616.46 2009/10 138.51 16.62

149.09 109.8560.81222.7757.0516.6217.50 2010/11 142.50 19.46

158.09 115.7064.85239.4161.8619.4618.47 2011/12 151.48 23.08

161.25 120.7368.39249.7665.4223.0819.12 2012/13 158.21 23.16

171.54 125.3070.25261.8267.1223.1619.98 2013/14 166.12 25.45

176.99 130.8576.59273.3370.8925.4520.78 2014/15 170.34 26.40

176.39 135.2773.77273.6770.8826.4021.74 2015/16 177.67 22.23

188.68 139.6881.36286.3475.4322.2322.41 2016/17 183.08 21.91

198.54 144.2880.01295.8375.3921.9123.26 2017/18 192.69 23.14

203.50 148.1785.57307.8481.2123.1423.74 2018/19 200.28 22.00

204.42 151.6986.56308.8682.4422.0024.26 2019/20 203.99 18.32

Based on the aggregate of different marketing years


Table 16: World Soybeans and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

235.70 195.5570.91360.1169.0455.3794.93 2006/07 224.38 64.82

219.23 202.5878.70362.6778.6264.8291.10 2007/08 229.61 54.36

212.23 194.8276.71344.4677.8754.3696.57 2008/09 222.41 45.34

260.97 210.4892.06393.8287.5145.34102.75 2009/10 239.16 62.60

264.73 222.1991.58417.0889.7562.60103.63 2010/11 252.51 72.99

240.83 229.1991.77408.4894.6572.99103.15 2011/12 259.25 57.45

268.96 231.87100.38423.6297.2157.45110.29 2012/13 265.14 58.10

283.20 242.96112.74454.46113.1658.10112.91 2013/14 277.88 63.84

320.73 264.80126.23508.81124.2463.84118.85 2014/15 303.91 78.67

316.21 275.16132.23528.36133.4878.67121.01 2015/16 316.21 79.91

349.01 287.79146.93573.19144.2779.91119.84 2016/17 331.46 94.80

342.09 294.61153.08590.12153.2394.80124.52 2017/18 338.03 99.02

358.65 297.85148.30602.30144.6499.02125.64 2018/19 343.19 110.81

338.08 302.84151.50600.36151.47110.81121.87 2019/20 348.40 100.46

Meal, Soybean

153.81 195.5754.84212.7852.846.14nr 2006/07 150.51 7.43

158.96 202.6056.50221.2754.887.43nr 2007/08 156.99 7.77

153.05 194.9053.27212.4151.597.77nr 2008/09 153.83 5.31

165.78 210.5655.94224.5853.485.31nr 2009/10 161.71 6.93

175.00 222.2858.89238.7856.856.93nr 2010/11 170.56 9.34

180.94 229.3058.71247.2957.029.34nr 2011/12 177.87 10.72

182.30 232.1058.39247.2154.1910.72nr 2012/13 179.00 9.82

190.53 243.2160.67258.1057.769.82nr 2013/14 186.51 10.93

208.52 265.0864.41279.8960.4410.93nr 2014/15 201.46 14.02

216.00 275.5565.56292.0662.0414.02nr 2015/16 212.89 13.61

225.94 288.3164.60299.7260.1813.61nr 2016/17 221.35 13.77

232.45 295.4064.90307.3661.1313.77nr 2017/18 228.88 13.57

233.61 298.5167.27309.2162.0313.57nr 2018/19 230.13 11.82

238.09 303.7666.74313.6463.7311.82nr 2019/20 236.42 10.48

Oil, Soybean

36.41 195.5510.5050.019.783.82nr 2006/07 35.46 4.05

37.78 202.5810.8852.1310.304.05nr 2007/08 37.28 3.97

36.16 194.829.2249.149.013.97nr 2008/09 36.32 3.60

38.97 210.489.2351.068.493.60nr 2009/10 38.14 3.70

41.47 222.199.6854.569.383.70nr 2010/11 40.43 4.44

42.83 229.198.5755.288.014.44nr 2011/12 42.42 4.30

43.36 231.979.3956.188.524.30nr 2012/13 42.55 4.23

45.26 243.059.4958.779.284.23nr 2013/14 45.28 4.00

49.30 264.9011.1863.3410.034.00nr 2014/15 47.66 4.50

51.58 275.3111.8267.7711.704.50nr 2015/16 52.11 3.85

53.85 288.0111.3668.6610.973.85nr 2016/17 53.32 3.99

55.13 294.8410.5468.979.863.99nr 2017/18 54.59 3.84

55.71 297.9011.1869.9610.413.84nr 2018/19 54.96 3.82

56.66 303.1211.4971.2610.783.82nr 2019/20 55.73 4.05

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


Table 17: World Rapeseed and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oilseed, Rapeseed

45.75 0.356.6558.417.025.6326.76 2006/07 46.57 5.20

49.15 0.358.1861.917.575.2029.15 2007/08 49.20 4.53

58.17 0.4012.2074.8412.154.5331.20 2008/09 54.99 7.66

60.79 0.4210.9079.2610.817.6630.65 2009/10 59.66 8.70

60.52 0.4510.9379.4010.188.7033.58 2010/11 59.79 8.68

61.23 0.4512.9983.1513.248.6833.30 2011/12 63.34 6.83

63.31 0.4712.5782.9712.836.8335.79 2012/13 64.89 5.50

70.63 0.4915.1091.6815.555.5035.70 2013/14 68.82 7.77

70.42 0.5515.1192.5114.327.7735.03 2014/15 70.11 7.29

68.74 0.6514.3590.1814.157.2933.30 2015/16 69.58 6.25

69.49 0.6515.8091.2515.516.2533.42 2016/17 70.31 5.14

75.02 0.6516.2095.6415.485.1436.54 2017/18 71.58 7.86

72.41 0.6514.3094.6014.327.8636.62 2018/19 71.47 8.83

68.24 0.6515.0091.8714.808.8334.73 2019/20 69.67 7.20

Meal, Rapeseed

25.55 0.003.0029.603.210.83nr 2006/07 25.85 0.75

27.22 0.003.9331.853.880.75nr 2007/08 27.27 0.64

30.36 0.003.7534.783.770.64nr 2008/09 30.22 0.80

32.90 0.003.6337.593.880.80nr 2009/10 32.71 1.25

33.39 0.005.2839.975.331.25nr 2010/11 33.64 1.06

34.92 0.005.5641.545.561.06nr 2011/12 34.88 1.10

35.97 0.005.7042.695.611.10nr 2012/13 36.00 0.99

38.32 0.006.3545.816.500.99nr 2013/14 38.52 0.94

38.72 0.006.0745.666.010.94nr 2014/15 38.59 1.00

38.60 0.005.6945.325.721.00nr 2015/16 38.51 1.11

38.81 0.005.9945.835.901.11nr 2016/17 38.76 1.08

39.48 0.006.3946.806.241.08nr 2017/18 39.14 1.28

39.46 0.006.9247.586.841.28nr 2018/19 39.36 1.30

38.36 0.007.1046.767.101.30nr 2019/20 38.73 0.93

Oil, Rapeseed

17.79 13.222.0021.002.211.00nr 2006/07 18.19 0.81

18.95 13.521.9121.812.050.81nr 2007/08 18.80 1.10

21.33 14.412.4724.912.481.10nr 2008/09 20.99 1.45

23.23 15.232.7527.632.961.45nr 2009/10 22.75 2.13

23.41 15.663.4328.923.382.13nr 2010/11 23.20 2.28

24.72 16.423.9831.084.082.28nr 2011/12 23.79 3.30

25.39 16.473.9532.633.943.30nr 2012/13 23.73 4.94

27.02 17.763.8335.773.814.94nr 2013/14 25.67 6.27

27.41 18.764.0737.633.956.27nr 2014/15 26.93 6.63

27.34 19.904.1738.094.126.63nr 2015/16 28.27 5.66

27.55 20.334.5037.604.405.66nr 2016/17 28.91 4.20

28.06 20.274.6136.754.504.20nr 2017/18 28.87 3.28

27.92 20.094.9736.074.873.28nr 2018/19 28.35 2.75

27.16 19.955.1435.065.152.75nr 2019/20 27.71 2.21

Based on the aggregate of different marketing years.


Table 18: World Sunflower and Products Supply and Distribution

Million Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Exports Domestic

Consumpti

Ending

Stocks

Oilseed, Sunflowerseed

30.08 4.0229.441.911.813.4823.45 2006/07

27.62 3.7227.751.461.294.0221.44 2007/08

33.12 3.8532.762.151.923.7223.89 2008/09

31.59 2.6032.861.551.563.8522.97 2009/10

32.75 2.2632.931.781.622.6023.09 2010/11

38.71 2.5438.201.931.702.2624.64 2011/12

34.94 2.7834.611.451.362.5423.60 2012/13

41.11 3.2440.321.961.622.7824.02 2013/14

39.25 2.9439.451.661.563.2423.11 2014/15

40.71 2.8040.702.011.872.9423.47 2015/16

48.23 3.4147.352.472.192.8025.92 2016/17

47.85 2.6948.192.522.153.4125.92 2017/18

50.55 2.5050.223.012.492.6925.93 2018/19

55.25 3.0154.153.282.702.5026.48 2019/20

Meal, Sunflowerseed

11.87 0.2411.903.493.440.31nr 2006/07

11.26 0.3010.843.312.960.24nr 2007/08

13.08 0.8112.474.304.200.30nr 2008/09

13.42 1.0012.834.093.690.81nr 2009/10

13.31 1.0712.724.574.061.00nr 2010/11

15.60 1.7014.606.806.421.07nr 2011/12

14.15 0.8014.835.134.931.70nr 2012/13

16.70 1.4515.606.225.760.80nr 2013/14

16.15 1.6915.575.875.531.45nr 2014/15

16.53 1.7116.226.245.951.69nr 2015/16

19.40 1.5319.127.436.971.71nr 2016/17

19.94 1.6819.376.986.561.53nr 2017/18

20.73 1.4120.718.077.781.68nr 2018/19

22.37 1.4721.848.327.851.41nr 2019/20

Oil, Sunflowerseed

10.74 1.2010.164.053.461.21nr 2006/07

10.26 1.209.513.532.781.20nr 2007/08

11.89 1.9410.754.554.151.20nr 2008/09

12.12 1.9011.464.503.811.94nr 2009/10

12.08 1.8311.324.543.701.90nr 2010/11

14.35 3.0312.496.485.831.83nr 2011/12

12.86 2.3113.175.575.163.03nr 2012/13

15.55 2.9814.057.796.962.31nr 2013/14

14.96 2.5714.157.396.182.98nr 2014/15

15.40 1.8715.028.107.022.57nr 2015/16

18.19 2.1916.3410.408.861.87nr 2016/17

18.53 2.0917.369.978.702.19nr 2017/18

19.41 1.5818.1311.219.432.09nr 2018/19

20.95 1.8319.4411.4110.151.58nr 2019/20

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


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

Million Metric Tons

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Industrial

Dom.

Food Use

Dom.

Domestic

Consumpti

Ending

Stocks

Oil, Palm

26.15 26.727.5728.3969.1637.625.39 2006/07 34.79 5.99

29.83 29.408.8532.4977.2641.455.99 2007/08 38.82 5.95

33.02 32.019.6335.0083.4744.495.95 2008/09 42.29 6.18

34.56 33.8310.0636.3387.1246.386.18 2009/10 44.49 6.30

35.35 34.1810.7337.3490.8649.216.30 2010/11 45.48 8.04

38.46 36.6712.4739.8599.0552.558.04 2011/12 49.78 9.42

41.97 40.0314.6543.05107.7556.379.42 2012/13 55.33 9.37

41.82 40.8616.2143.14110.4759.289.37 2013/14 57.71 9.63

44.61 43.0514.2847.37116.0261.789.63 2014/15 57.96 10.69

42.68 42.6116.3743.87112.2958.9210.69 2015/16 59.63 8.79

45.94 44.6416.2748.89120.0765.348.79 2016/17 61.56 9.62

46.50 46.8019.5548.65126.7370.619.62 2017/18 67.04 11.04

50.28 49.8122.5551.50135.2773.9411.04 2018/19 73.08 10.69

50.00 50.8323.1251.51133.6872.9910.69 2019/20 74.68 7.49

Oil, Coconut

1.88 1.661.441.745.423.090.46 2006/07 3.19 0.49

1.91 1.781.521.935.813.410.49 2007/08 3.33 0.55

1.67 1.661.571.485.603.370.55 2008/09 3.26 0.86

2.30 2.081.712.076.653.490.86 2009/10 3.83 0.75

1.78 1.861.671.806.143.610.75 2010/11 3.57 0.77

1.83 1.921.551.866.013.410.77 2011/12 3.51 0.64

1.89 1.991.701.936.163.630.64 2012/13 3.72 0.52

1.74 1.741.551.915.653.400.52 2013/14 3.33 0.40

1.82 1.741.511.945.603.380.40 2014/15 3.29 0.38

1.60 1.671.541.595.323.340.38 2015/16 3.24 0.49

1.49 1.551.511.915.393.410.49 2016/17 3.09 0.39

1.70 1.681.691.735.763.670.39 2017/18 3.40 0.64

1.82 1.741.761.946.233.770.64 2018/19 3.54 0.74

1.88 1.841.792.016.273.650.74 2019/20 3.66 0.61

Meal, Fish

2.82 0.000.052.658.695.140.73 2006/07 5.08 0.97

3.17 0.000.052.949.275.140.97 2007/08 5.50 0.83

3.26 0.000.053.089.295.200.83 2008/09 5.51 0.71

2.76 0.000.052.417.714.240.71 2009/10 5.03 0.28

2.77 0.000.052.698.605.550.28 2010/11 5.22 0.69

3.05 0.000.052.808.444.710.69 2011/12 5.36 0.28

2.47 0.000.052.327.594.840.28 2012/13 4.81 0.45

2.74 0.000.052.477.644.450.45 2013/14 4.94 0.23

2.50 0.000.052.287.414.690.23 2014/15 4.87 0.26

2.44 0.000.052.217.224.510.26 2015/16 4.73 0.27

3.02 0.000.052.538.164.870.27 2016/17 5.38 0.26

2.98 0.000.052.588.184.940.26 2017/18 5.17 0.44

3.02 0.000.052.547.954.490.44 2018/19 5.17 0.24

2.99 0.000.052.437.854.620.24 2019/20 5.21 0.21

Based on the aggregate of different marketing years.


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


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Major Oilseeds

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

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

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

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

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

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

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

98,986 51,45545,569107,8163,0675,76335,428 2013/14 58,294 3,953

116,050 55,10851,109121,8541,8513,95338,991 2014/15 63,989 6,756

115,891 55,05553,968123,7771,1306,75638,403 2015/16 62,941 6,868

126,942 56,25760,083135,3121,5026,86839,247 2016/17 65,628 9,601

131,483 60,16859,315142,5031,4199,60142,801 2017/18 69,361 13,827

130,716 61,03348,703145,6521,10913,82741,415 2018/19 70,409 26,540

107,423 62,02049,425135,0971,13426,54036,981 2019/20 71,073 14,599

Major Protein Meals

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

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

37,631 49,3427,94039,7821,817334nr 2008/09 31,596 246

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

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

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

38,592 50,25010,46042,3213,393336nr 2012/13 31,547 314

39,291 51,45510,80343,4033,798314nr 2013/14 32,308 292

43,210 55,10812,14447,3753,873292nr 2014/15 34,941 290

42,777 55,05511,17847,1374,070290nr 2015/16 35,684 275

43,112 56,25710,82647,3073,920275nr 2016/17 36,073 408

47,027 60,16813,00351,1713,736408nr 2017/18 37,605 563

46,522 61,03312,60251,0153,930563nr 2018/19 37,991 422

47,735 62,02012,50852,1313,974422nr 2019/20 39,221 402

Major Vegetable Oils

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

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

9,667 49,3421,45714,3613,2301,4640 2008/09 11,167 1,737

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

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

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

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

10,425 51,4551,11615,5854,0161,1440 2013/14 13,498 971

10,938 55,1081,17416,1394,2309710 2014/15 13,679 1,286

11,210 55,0551,24817,0234,5271,2860 2015/16 14,573 1,202

11,434 56,2571,41517,3674,7311,2020 2016/17 14,721 1,231

12,109 60,1681,34218,1234,7831,2310 2017/18 15,541 1,240

12,196 61,0331,09618,1424,7061,2400 2018/19 15,886 1,160

12,403 62,0201,29818,4724,9091,1600 2019/20 15,947 1,227

Based on the aggregate of different marketing years


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


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Oilseed, Soybean

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

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

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

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

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

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

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

91,363 47,19244,59497,1411,9533,82530,850 2013/14 50,043 2,504

106,905 50,97550,136110,3139042,50433,431 2014/15 54,989 5,188

106,869 51,33552,869112,6986415,18833,080 2015/16 54,475 5,354

116,931 51,74258,963122,8916065,35433,470 2016/17 55,720 8,208

120,065 55,92658,071128,8675948,20836,236 2017/18 58,873 11,923

120,515 56,93547,564132,82138311,92335,448 2018/19 60,517 24,740

96,841 57,83348,308121,98940824,74030,360 2019/20 60,607 13,074

Meal, Soybean

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

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

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

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

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

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

36,174 45,96710,11136,668222272nr 2012/13 26,308 249

36,909 47,19210,50437,505347249nr 2013/14 26,774 227

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

40,525 51,33510,84341,119358236nr 2015/16 30,037 239

40,630 51,74210,50541,182313239nr 2016/17 30,314 363

44,657 55,92612,71545,458438363nr 2017/18 32,239 504

44,283 56,93512,29645,407620504nr 2018/19 32,746 365

45,335 57,83312,20246,199499365nr 2019/20 33,657 340

Oil, Soybean

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

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

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

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

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

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

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

9,131 47,1928529,95775751nr 2013/14 8,577 528

9,706 50,97591410,354120528nr 2014/15 8,599 841

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

10,035 51,7421,15910,945145765nr 2016/17 9,010 776

10,783 55,9261,10811,711152776nr 2017/18 9,698 905

10,976 56,93588112,061180905nr 2018/19 10,375 805

11,104 57,8331,08912,079170805nr 2019/20 10,160 830

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

Meal and Oil are on an October/September MY.


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


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

59,000 31,51123,80564,3911085,28320,700 2006/07 33,961 6,625

61,000 31,89524,51567,708836,62521,300 2007/08 34,365 8,828

57,800 30,77928,04166,7521248,82821,700 2008/09 33,129 5,582

69,000 35,70029,18874,7321505,58223,500 2009/10 38,100 7,444

75,300 37,26433,78982,784407,44424,200 2010/11 39,714 9,281

66,500 36,23031,90576,0792989,28125,000 2011/12 38,730 5,444

82,000 36,43242,82687,6842405,44427,700 2012/13 38,982 5,876

86,700 38,19545,74793,1555795,87630,100 2013/14 40,795 6,613

97,200 40,33954,635104,1423296,61332,100 2014/15 42,989 6,518

96,500 39,96752,100103,3803626,51833,300 2015/16 42,617 8,663

114,600 42,16168,807123,5302678,66333,900 2016/17 44,811 9,912

122,000 43,38483,729132,0971859,91235,150 2017/18 45,716 2,652

117,000 43,40973,234119,7971452,65235,900 2018/19 45,796 767

124,500 44,25076,500125,41715076736,900 2019/20 46,900 2,017

Meal, Soybean (Local)

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

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

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

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

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

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

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

29,560 38,19513,72132,276272,689nr 2013/14 15,300 3,255

31,220 40,33915,10634,491163,255nr 2014/15 15,900 3,485

30,930 39,96714,65134,442273,485nr 2015/16 16,700 3,091

32,680 42,16113,91535,806353,091nr 2016/17 17,100 4,791

33,620 43,38416,97638,431204,791nr 2017/18 17,500 3,955

33,640 43,40916,38237,618233,955nr 2018/19 17,865 3,371

34,350 44,25015,80037,747263,371nr 2019/20 18,497 3,450

Oil, Soybean (Local)

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

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

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

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

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

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

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

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

7,740 40,3391,6508,33732565nr 2014/15 6,220 467

7,670 39,9671,2508,21174467nr 2015/16 6,490 471

8,090 42,1611,3238,61251471nr 2016/17 6,887 402

8,325 43,3841,4108,76841402nr 2017/18 6,990 368

8,330 43,4091,0088,73335368nr 2018/19 7,321 404

8,500 44,2501,0508,93430404nr 2019/20 7,460 424

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

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


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


Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply


Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

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

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

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

54,500 39,19613,70158,58004,08018,600 2009/10 41,496 3,383

49,000 37,52110,38952,396133,38318,300 2010/11 39,901 2,106

40,100 30,6816,09842,20822,10617,577 2011/12 33,431 2,679

49,300 35,0097,81751,98122,67919,750 2012/13 40,009 4,155

53,400 38,5037,43457,55724,15519,250 2013/14 43,503 6,620

61,450 45,11011,67068,2111416,62019,350 2014/15 50,360 6,181

58,800 43,0429,04666,2851,3046,18119,350 2015/16 49,242 7,997

55,000 40,9407,24765,6282,6317,99717,335 2016/17 47,440 10,941

37,800 36,3593,84155,9977,25610,94116,300 2017/18 43,056 9,100

55,300 40,92910,27568,2503,8509,10016,600 2018/19 47,804 10,171

52,000 41,6008,00066,0713,90010,17116,800 2019/20 48,750 9,321

Meal, Soybean (Local)

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

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

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

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

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

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

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

29,528 38,50327,47334,

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