Summary - fao.org · the middle of the 2016/17 season. Highly tentative projections for the 2017/18 season, which starts in October 2017, indicate that global oilseed production could

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FOOD OUTLOOKJUNE 2017

FAO’s latest forecasts for the 2016/17 season (October/

September) point towards an easing of the supply and

demand balance for oilseeds and oilcrop products.

Driven by outstanding yield levels, global oilseed

production is expected to leap to an all-time high in 2016/17.

Much of the anticipated rise will be on account of soybeans,

with favourable growing conditions boosting output in almost

all key producing countries. Global rapeseed production,

by contrast, is expected to post further losses, due to lower

plantings and adverse weather. Palm oil production is set to

rebound in 2017, as palms in Southeast Asia recover from

the protracted effects of dry weather in 2015–2016. On

aggregate, the current forecasts translate into a marked

expansion in global output of oilcrop products. However,

growth in total availabilities – especially of oils/fats – would be

less pronounced due to relatively low carry-in stocks.

On the demand side, relatively sluggish growth in

oils/fats consumption is expected to continue, reflecting

limited total supplies and/or modest economic growth in some

countries, together with slowing demand from the biodiesel

sector worldwide. More robust growth is observed in meal

consumption, supported by steady demand from the livestock

sector. With production of oilseed products anticipated

to exceed utilization, especially in the case of meals/cakes,

sizeable replenishments in global stocks are expected, resulting

in higher stock-to-use ratios. Responding to the positive supply

and demand outlook, international prices of oilseeds and

oilseeds products embarked on a downward trend towards

the middle of the 2016/17 season.

Highly tentative projections for the 2017/18 season,

which starts in October 2017, indicate that global oilseed

production could match the current season’s record. The

forecasts translate into a record output of oils/fats, while

meals/cakes output could slip below the current season’s all-

time high. Taking into account carry-in stocks and assuming

a continuation in current utilization trends, the supply and

demand balance for oils/fats could ease further, while markets

for meals/cakes should remain well supplied – thus providing

scope for oilseed and oilseed product prices to stabilize at their

current relatively low levels in the coming months.

OILCROPS

Contact:[email protected]

FAO - Trade and Markets DivisionFood Outlook June 2017

Summary

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34 FOOD OUTLOOKJUNE 2017

Major Oilseed Exporters and Importers

Major ExportersMajor Importers

Figure 1. FAO monthly international price indices for oilseeds, vegetable oils and meals/cakes (2002-2004=100)

OILCROPS, OILS AND MEALS 1

1 Almost the entire volume of oilcrops harvested worldwide is crushed to obtain oils and fats for human nutrition or industrial purposes, and to obtain cakes and meals that are used as feed ingredients. Therefore, rather than referring to oilseeds, the analysis of the market situation is mainly undertaken in terms of oils/fats and cakes/meals. Production data for oils and meals are derived from domestic production of the relevant oilseeds in a specific year, i.e. they do not reflect the outcome of actual oilseed crushing in a given country and period. Regarding oilseed trade, situations where oilseeds are produced in one country but crushed in another one are reflected in national oil/meal consumption figures. It is important to note that data on trade in oils (meals) refer to the sum of trade in oils (meals) plus the oil (meal) equivalent of oilseeds traded. Similarly, stock figures for oils (meals) refer to the sum of oil (meal) stocks plus the oil (meal) equivalent of oilseed inventories.

PRICES 2

Prices for oilseeds and derived products under downward pressure

After temporarily strengthening during the initial months

of the 2016/17 (October/September) season, international

quotations for oilseeds and derived products embarked on

a downward trend towards February 2017, responding to

an increasingly positive supply and demand outlook. By

the end of April 2017, all three FAO price indices (tracking

international oilseed, oilmeal and vegetable oil prices) had

posted marked drops.

With regard to oilseeds, the drop in FAO’s monthly price

index towards February 2017 primarily reflects a sharp

fall in international soybean values. The price decline was

triggered by much improved prospects for South America’s

2 For details on prices and corresponding indices, see Appendix table 23.

2016/17 soybean harvest and indications that sowings for

the United States’ 2017/18 soybean crop could surge to

unprecedented levels, which both pointed to increasingly

abundant levels of global supply. At the same time,

rapeseed quotations also started easing on account of

larger than anticipated old-crop supplies and indications

that global production would recover in 2017/18. As for

meals/cakes, the recent slide in FAO’s oilmeal price index

mainly reflects two developments: i) the fact that global

soybean crushing was predominantly oriented towards

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Oilseeds

35FOOD OUTLOOKJUNE 2017

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Figure 5. CBOT soybean futures for SeptemberFigure 2. FAO monthly price index for oilseeds (2002-2004=100)

Figure 4. FAO monthly price index for vegetable oils (2002-2004=100)

Figure 3. FAO monthly price index for oilmeals/cakes (2002-2004=100)

oil production (to compensate for poor output of other

vegetable oils), which inevitably led to a surplus in soymeal

stocks; and ii) rising competition from attractively priced

feed grains. As regards oils/fats, the sharp drop in FAO’s

price index for vegetable oils from February onward was

prompted by the concurrence of: i) firm gains in palm

oil output, which eased the former tightness in global

supplies; ii) an acceleration in global soybean crushing;

iii) a deceleration in global import demand; and iv) slower

vegetable oil uptake by biodiesel producers.

The much improved and possibly excessive supplies in

2016/17, along with first indications of a possible repeat

of bumper oil and meal outputs in 2017/18, suggests that

prices in the oilcrop complex could ease further over the

coming months. The recent contraction in the Chicago

Board of Trade (CBOT) futures prices for soybeans points

into the same direction, showing that, from mid-April 2017

onward, contracts traded below last year’s corresponding

values.

OILSEEDS

Record 2016/17 production confirmed After last season’s contraction, global oilseed production

is expected to leap to an all-time high in 2016/17,

owing primarily to outstanding yield levels. Much of the

anticipated rise would be on account of soybean, followed,

at some distance, by sunflowerseed, groundnut, cottonseed

and palmkernel. Rapeseed production, by contrast, is

bound to drop for the third consecutive year.

Global soybean production is forecast to climb by a

whopping 35 million tonnes, driven almost entirely by yield

improvements. In the Northern Hemisphere, production

has expanded in all key producing countries, led by the

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Note: The split years bring together northern hemisphere annual crops harvested in the latter part of the first year shown, with southern hemisphere annual crops harvested in the early part of the second year shown. For tree crops, which areproduced throughout the year, calendar year production for the second year shown is used.

2014/15 2015/16 2016/17 f’cast

Change 2016/17

over 2015/16

million tonnes %

Soybeans 319.8 314.6 349.8 11.2

Rapeseed 71.1 70.1 69.6 -0.7

Cottonseed 45.3 37.6 39.9 6.0

Groundnuts (unshelled) 38.1 37.9 41.4 9.3

Sunflower seed 41.7 43.0 48.0 11.4

Palm kernels 15.4 14.6 16.1 10.1

Copra 5.8 5.4 5.8 8.2

Total 536.9 523.0 570.3 9.0

Table 1. World production of major oilcrops

United States, which, at over 117 million tonnes, is

set to remain the world’s top producer. Owing to near-

ideal growing conditions, US average yields climbed to

3.5 tonnes per hectare. Record or near-record yields have

also driven production gains in Canada, India, the EU and

the CIS. In China, by contrast, higher production has been

achieved through an expansion in plantings, as soybean

growers enjoyed increased support payments relative to

producers of competing crops, notably maize. In South

America, production is anticipated to more than recover

from last season’s drop, probably climbing to an all-time

record. The rise will be led by Brazil, with output pegged

at 113 million tonnes, as exceptionally favourable growing

conditions boosted yields. However, in Argentina, output

could plateau at last year’s level due to lower plantings and

because excessive rainfalls towards the end of the growing

season may leave up to 1 million ha unharvested.

World rapeseed production could slide to a four-year

low. Production has dropped in the EU and China, fuelled

by, respectively, adverse weather and lower plantings. In

Canada, where record yields have offset a contraction in

area, production remained virtually unchanged. By contrast,

output in Australia and India received a boost from high

yields, which, in India’s case, was helped by a rebound in

plantings.

Underpinned by records in both sowings and yields,

global sunflowerseed output is heading towards an all-time

high. Production has expanded in the major producing

countries, with Ukraine and the Russian Federation taking

the lead. While in the EU beneficial weather conditions

facilitated a recovery in output, in Argentina the effects of

adverse weather should be offset by larger sowings.

Global groundnut output is also pegged to achieve

a record-high, following a strong rebound in plantings

combined with yield improvements. In the world’s two

leading producers, China and India, crops benefitted from

both larger plantings and good weather, offsetting losses

in the United States, where output dropped on reduced

sowings as well as hot and dry weather. As to cottonseed,

considerable production gains are reported from the

United States, Brazil, Pakistan and Australia, although

output is likely to remain flat in the two leading producers,

China and India. Global palmkernel and copra outputs are

expected to recover from last season’s multi-year lows, with

improvements concentrated in Southeast Asia.

OILS AND FATS 3

Global oils/fats production to resume growing in 2016/17 The above crop estimates translate into a 7 percent

expansion in global oils/fats production in 2016/17. Palm

oil and soyoil are expected to expand the most, followed by

sunflower, palmkernel and groundnut oils – while rapeseed

oil could see a third consecutive contraction and olive oil

could be subject to a cyclical setback. Palm oil production,

which posted losses in 2016 due to El Niño, is set to

rebound in 2017 as palms in Indonesia and Malaysia

recover from the protracted effects of dry weather in 2015–

2016. The recovery is expected to be more pronounced in

Indonesia, with domestic output climbing to a new record,

while in Malaysia production might merely return to the

level of two years ago.

Global oils/fats supplies, which comprise 2016/17

production and 2015/16 ending stocks, are forecast to

post a 4 percent year-on-year gain, with reduced carry-

in inventories limiting growth. Domestic availabilities are

envisaged to expand in several major producing countries,

in particular Brazil, Indonesia, the United States and

Malaysia, but also in India, the Russian Federation,

Australia and Ukraine. On the other hand, sizeable

contractions are expected in the world’s two leading oils/

fats importers – the EU, where domestic availabilities are

forecast to drop to multi-year lows on subdued production

and lower carry-in stocks, and China because of reduced

opening stocks. Modest supply contractions are also

expected in Argentina and Canada, underpinned by low

carry-in stocks.

3 This section refers to oils from all origins, which – in addition to products derived from the oil crops discussed under the section on oilseeds – includes palm oil, marine oils as well as animal fats.


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Note: Refer to footnote 1 on page 34 for overall definitions and methodology.1 Includes oils and fats of vegetable, animal and marine origin.2 Production plus opening stocks.3 Residual of the balance.4 Trade data refer to exports, based on a common October/September

marketing season.5 Major exporters include Argentina, Brazil, Canada, Indonesia, Malaysia,

Ukraine and the United States.6 All meal figures are expressed in protein equivalent; meals include all meals

and cakes derived from oilcrops as well as meals of marine and animal origin.7 Major exporters include Argentina, Brazil, Canada, India, Indonesia, Malaysia,

Paraguay, the Russian Federation, Ukraine, the United States and Uruguay.

Table 2. World oilcrop and product market ata glance

2014/15 2015/16 2016/17 f’cast

Change: 2016/17

over 2015/16

million tonnes %

TOTAL OILCROPS

Production 548.8 534.6 581.6 8.8

OILS AND FATS 1

Production 210.9 205.6 220.6 7.3

Supply 2 247.2 244.4 254.7 4.2

Utilization 3 205.5 211.5 216.9 2.6

Trade 4 114.5 115.3 121.6 5.4

Global stock-to-use ratio (%) 18.9 16.1 16.5

Major exporters stock-to-disappearance ratio (%) 5

10.9 9.7 10.4

MEALS AND CAKES 6

Production 141.2 137.8 151.8 10.2

Supply 2 162.8 163.9 176.6 7.8

Utilization 3 133.4 139.0 146.1 5.1

Trade 4 86.7 90.4 95.7 5.8

Global stock-to-use ratio (%) 19.5 17.8 19.5

Major exporters stock-to-disappearance ratio (%) 7

11.1 10.8 12.9

FAO PRICE INDICES (Oct/Sept) (2002-2004=100)

2014/15 2015/16 2016/17 (Oct-May)

Change: Oct-May 2017

over Oct-May 2016

%

Oilseeds 155 151 156 6.2

Oilmeals/cakes 194 168 163 1.8

Vegetable oils 153 155 174 15.6

Growth in oils/fats consumption to remain subdued in 2016/17 Global consumption of oils/fats is expected to post – for

the second year in succession – a relatively modest year-

on-year increase of 2.5 to 3 percent. Limited supplies and

protracted slow economic growth in a number of countries

continue to contain global demand expansion. With

regard to individual oils, soy and palm oils are set to lead

consumption growth. Soyoil uptake is expected to expand

the most, supported by record supplies and price discounts

relative to other vegetable oils. Palm oil consumption is

envisaged to expand at below-average rates, reflecting

subdued supply growth and smaller than usual price

discounts. Sizeable growth is also expected for sunflower

and groundnut oils, given pronounced production gains

in the respective seeds. Conversely, the consumption of

rapeseed oil, the world’s third most consumed oil, could

remain flat due to the persistent supply tightness.

In general, population and income growth remain

the key drivers behind the growing demand for oils/

fats for traditional food and non-food uses. Demand by

the biodiesel industry is expected to play a more limited

role compared with past years, hence contributing to

weaker overall growth. In 2017, increases in mandatory

consumption targets and blending rates for biodiesel are

expected to be less pronounced and will concern only a few

countries, notably the United States, Brazil and, possibly,

Malaysia. Moreover, in a number of countries, support

measures for biodiesel producers are being reviewed, while

in others, barriers to trade in biodiesel remain in place or

are under consideration – raising uncertainty among market

players. Furthermore, persistently high price premiums

of vegetable oils relative to mineral oil continue to erode

the profitability of discretionary blending of diesel with

vegetable oil-based biodiesel.

Developing nations in Asia continue to drive growth in

oils/fats consumption, with sustained economic growth

prevailing in the region as a whole. Consumption gains are

led by India, which enjoys steady economic growth and

rising domestic oils/fats supplies. As a result, India, as well

as other Asian countries, could see further improvements in

per caput consumption. In Malaysia and Indonesia, where

total uptake suffered a setback last year, consumption is

seen expanding as higher domestic availabilities trigger

fresh demand for industrial uses. In China, by contrast,

consumption expansion could be tempered – for the

second consecutive year – by weaker economic growth.

Elsewhere, bumper supplies are envisaged to support

higher usage in Brazil and the United States. In other

developed countries, growth rates should linger around

1 percent, except in the EU and Canada, where lower

domestic availabilities could result in contractions.

Global inventories of oils/fats to expand moderately Unlike last season, when a shortfall of global production

relative to demand led to a contraction in inventories, in

2016/17, a production surplus should permit a rebuilding

of stocks. Year-on-year, ending stocks (including the oil

contained in stored oilseeds) are forecast to rise by about

5 percent to 35.8 million tonnes. Commodity-wise, sizeable

replenishments in palm and soy oil stocks are expected to

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Figure 7. World stocks and ratios of oils/fats (including the oil contained in seeds stored)

Figure 6. Global production and utilizationof oils/fats

Figure 8. Oil/fat imports by region or major country (including the oil contained in seed imports)

offset further drops in rapeseed oil reserves. Yet, global

palm oil stocks are envisaged to recover only partially from

last year’s decline.

At country level, increased domestic production should

facilitate stock accumulations in the United States, Brazil, Malaysia and India, which, together, could more than

outweigh drawdowns anticipated elsewhere. In China,

Canada, Argentina, the EU and CIS countries, lower or

flat domestic output is expected to trigger stock releases to

help meet domestic demand or support exports.

The above forecasts would permit a modest

improvement in the global stock-to-use ratio for oils/fats

in 2016/17 to a level 16.5 percent. This, together with a

more pronounced gain in the stock-to-disappearance ratio

for the major exporting countries4, points to downward

pressure on international oils/fats prices.

Growth in global oils/fats trade to resumeIn 2016/17, growth in world trade of oils/fats (including

the oil contained in traded oilseeds) is expected to resume,

posting a 5 to 6 percent increase to 121.6 million tonnes –

as opposed to last year, when a slide in palm oil shipments

drove year-on-year export growth below 1 percent.

The expansion in trade will be led by palm, soy,

sunflower and rape oils. However, in the case of palm oil,

the world’s most widely traded oil, global transactions may

only partially recover from last year’s decline, considering

that i) the oil’s relatively high price is weighing on import

demand, and ii) production gains in Malaysia and

Indonesia are also used to replenish stocks and satisfy

local demand. Conversely, global transactions in soy,

rape and sunflower oils could hit new records, aided by

abundant supplies and lower than usual price premiums

relative to palm oil.

Import growth should again concentrate in developing

countries, notably in Asia. While in China, a drop in

domestic supplies has already prompted higher imports,

India’s purchases may grow only slightly given this season’s

bumper crops. Sustained import growth is envisaged

elsewhere in Asia as well as in Africa. In the EU and other

developed countries, only modest rises are expected,

reflecting lacklustre consumption growth.

Regarding exports, gains in domestic oils/fats output

are expected to bolster sales by Indonesia, Brazil,

4 Argentina, Brazil, Canada, Indonesia, Malaysia, Ukraine and the United States.

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2016/172015/162014/152013/142012/13

Million tonnes Million tonnes

f’cast

Balance (production minus utilization, right axis)

Production (left axis) Utilization (left axis)

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Major Exporters Rest of the World

World Stock-to-use ratio

Stock-to-disappearance ratio of Major Exporters

f’cast

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f’cast


Figure 9. Oil/fat exports by major exporters (including the oil contained in seed exports)

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Ukraine, the Russian Federation and Australia, whereas

higher deliveries in Canada would mainly rest on stock

drawdowns. Shipments by Malaysia and Argentina

could remain flat, reflecting, respectively, increased local

requirements (including the need to replenish stocks),

and stagnating domestic production. Sales by the United States are forecast to remain close to last year’s all-time

high.

MEALS AND CAKES 5

Global supplies up in 2016/17, aided by large opening stocksBased on current crop forecasts, global meal/cake

production would more than recover from last season’s

setback. The anticipated 10 percent rise would rest strongly

on higher soybean meal output. While significant gains

are also envisaged for sunflower, groundnut, palmkernel

and fish meals, production of rapeseed meal is forecast to

contract further.

Global oilmeal supplies, which also include 2015/16

carry-over stocks, are seen expanding by 8 percent.

Underpinned by bumper harvests, extraordinary gains

are expected in Brazil, India and the United States, as

well as in some smaller producers, including Uruguay,

Paraguay, Australia and CIS countries. By contrast,

domestic availabilities should shrink in China and the EU,

reflecting, respectively, reduced carry-in stocks and lower

crop outturns.

5 This section refers to meals from all origins: in addition to products derived from the oilcrops discussed under the section on oilseeds, fish meal and meals of animal origin are also included.

World meal consumption to expand further in 2016/17 Global meal/cake consumption is forecast to hit a new

record in 2016/17, with a slight acceleration in annual

growth compared to last season. Consumption continues

to be supported by expanding demand from the livestock

sector. However, similar to last season, the availability

of bumper feed grain and DDGS (distiller’s dried grains

with solubles) supplies will continue to weigh on meal

consumption growth. Much of the anticipated expansion

would come from soybean meal, given record-high

availabilities. On the contrary, consumption of rape- and

cottonseed-meal should contract on lower availabilities.

Developing countries in Asia remain the main engine

of overall consumption growth, and the largest year-on-

year rise is expected in China, the world’s leading meal

consuming country. Interestingly, although China’s total

meat production may contract in 2017, the uptake of

meals by the country’s pig and poultry sectors is forecast

to expand further, given the on-going shift from small-

scale backyard production to industrial-scale compound

feed-based rearing methods. In addition, quality issues with

the country’s feed grain supplies could provide separate

support to meal demand. Elsewhere in Asia, consumption

is expected to expand at average or above-average rates,

including in India, Pakistan, the Philippines, Thailand,

Turkey and Viet Nam. Higher consumption is also

envisaged in Brazil and Argentina, spurred by record

high domestic availabilities, whereas, in the United States

and the EU, demand growth should be constrained by

burgeoning feed grain supplies.

0

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2015/16 estimate

2016/17 forecast

Million tonnes

USAIndonesiaCanada MalaysiaArgentina Brazil

Figure 10. Global production and utilization of meals/cakes (in protein equivalent)

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Million tonnes Million tonnes

f’cast

Balance (production minus utilization, right axis)

Production (left axis) Utilization (left axis)

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Figure 11. World stocks and ratios of meals/cakes (in protein equivalent and including the meal contained in seeds stored)

Global inventories possibly hitting new recordIn 2016/17, meal output is expected to outstrip

consumption – the reverse of last year, when global

production fell short of demand. If confirmed, the

portended production surplus should prompt a surge in

global end-of-season inventories. In particular, reserves

of the world’s leading protein meal, soymeal, are

forecast to swell to unprecedented levels. Estimated at

56 million tonnes (including the meal contained in stored

soybeans), soymeal carry-over stocks would exceed the

level recorded in recent years by a considerable margin.

Reserves of all other meals, including fishmeal, are also set

to rise – with the exception of rapeseed meal, whose stocks

could contract further.

Stock replenishments will be concentrated in the

United States and Brazil, where bumper crops are set

to boost domestic reserves. In both countries, carry-over

inventories could almost double compared with last year,

marking multi-year highs. Those increases should by far

offset the reductions expected in Argentina and the EU,

where stock drawdowns are required to cover for reduced

domestic supplies.

Based on the above forecasts, marked improvements

are expected in both the global stock-to-use ratio and

the stock-to-disappearance ratio for the major exporters6,

thus providing scope for international oilmeal prices to

weaken.

6 Argentina, Brazil, Canada, India, Indonesia, Malaysia, Paraguay, the Russian Federation, Ukraine, the United States and Uruguay.

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Major Exporters Rest of the World

World Stock-to-use ratio

Stock-to-disappearance ratio of Major Exporters

f’cast

Figure 13. Meal/cake exports by major exporters (in protein equivalent and including the meal contained in seed exports)

Global meal trade to expand furtherInternational trade in meals/cakes – including the meal

contained in traded oilseeds – is estimated to post an about-

average 6 percent increase in 2016/17. Thanks to large

supplies and competitive prices, soybean meal is expected to

lead the expansion, aided by rape, sunflower and fish meals.

With regard to imports, Asian countries continue to

dominate the market – with China alone accounting for

one-third of global imports. To satisfy fast growing domestic

demand and given stalling domestic supplies, China’s meal

imports (mostly in the form of whole soybeans) are forecast

to expand by around 8 percent. Robust import growth is also

anticipated in other parts of Asia, where livestock industries

tend to increasingly rely on imported meals. Elsewhere,

Figure 12. Meal/cake imports by region or major country (in protein equivalent and including the meal contained in seed imports)

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2016/172014/152012/132010/11

Latin America Asia excl. China (total) Europe

China (total)

Million tonnes

United States & Canada Africa

f’cast

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10

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30

2015/16 estimate2016/17 forecast

Million tonnes

USACanada India ParaguayArgentina Brazil


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purchases are envisaged to bounce up in Argentina (a

net exporter of meals), as the Government simplified the

procedures for importing soybeans destined for subsequent

exportation in the form of meal and oil. As for developed

countries, purchases by the EU, the world’s second largest

buyer after China, could stall in 2016/17, owing to the

availability of large feedgrain supplies.

Export growth is expected to concentrate in

South America, although sizeable increases are also likely

in the United States, India and CIS countries. Bolstered by

bumper soybean harvests, shipments by the world’s top

exporter, Brazil, could swell to 63.3 million tonnes (including

the meal contained in soybean sales). Domestic supplies

would support even larger shipments, but a relatively strong

Real vis-à-vis the US dollar has affected the competitiveness

of Brazil’s exports. Also sales by the United States, the

second largest exporter, are set to expand further, spurred

by a record soybean harvest. Deliveries by the world’s third

largest supplier, Argentina, could stabilize around last year’s

record level, given the portended plateauing in domestic soy

production. Elsewhere, domestic supply gains should support

a rebound in shipments from India, Ukraine and the

Russian Federation, while, in Canada, higher sales would

depend on the release of old-crop inventories.

2017/18 PRODUCTION OUTLOOK

With the 2016/17 season still ongoing, it is too early to

draw firm forecasts for world oilseeds supply and demand

in 2017/18. Currently available information is limited to

planting intentions in some Northern Hemisphere countries,

where preparations for the next crop year have started.

While the current season’s relatively ample supply-and-

demand balance would suggest that there may be limited

scope for increased oilcrop plantings in 2017/18, farmers’

planting decisions will be strongly influenced by the price

relationships between oilcrops and competing arable crops,

notably coarse grains and wheat. Considering that the

currently prevailing price structure tends to favour oilseeds

over rival crops, a further expansion in global oilcrop

sowings seems possible. However, such area expansions

would not necessarily lead to corresponding rises in output

because, based on the assumption of normal weather

conditions, crop yields should revert to historic trend

levels – as opposed to the peaks recorded in 2016/17.

With regard to individual crops, 2017/18 could see a

recovery in global rapeseed production as well as further

gains in groundnut, cotton, oil palm and coconut products.

However, these gains could be offset by a drop in world

soybean and sunflowerseed output. Global soybean

production could trail behind the current season’s all-time

record. The effect of additional area expansion in key

producing countries – triggered primarily by a favourable

soybean-maize price relationship – may well be outweighed

by a retreat of average yields to trend values, a scenario

that is particularly expected to apply to the United States,

Brazil and Paraguay. Meanwhile, in Argentina and India,

production could remain almost unchanged as area and

yield effects might offset each other. Only in Canada and

China production might expand on increased plantings,

while yields could remain close to last year’s average levels.

Global sunflowerseed production may shrink from the

current season’s extraordinary result. Year-on-year changes

are primarily expected in Ukraine, where contractions in

both area and yields could drive down production, and the

EU, where yield improvements, together with small gains in

area, could facilitate a rebound in output. Global rapeseed

output is expected to recover after three consecutive drops,

possibly climbing to an all-time record. Sizeable production

improvements are envisaged for Canada and Ukraine,

underpinned by area gains, as well in the EU, owing to

more favourable weather conditions. By contrast, China’s

rapeseed output could shrink further as farmers keep

reducing plantings in response to cuts in public support,

while Australia’s output could decline as yields revert

to trend levels. For both groundnut and cottonseed, it is

predicted that potential output gains would concentrate

in China, India and the United States. Normal weather

conditions could also facilitate fresh production gains in

coconut and, more importantly, oil palm products, with

year-on-year gains in Indonesia and Malaysia projected at

5 to 6 percent.

Based on the above highly tentative forecasts, the

world’s aggregate 2017/18 oilcrop production would

basically match the current seasons’ record level. The

new-season crop forecasts would translate into a record

output of oils/fats (thanks mainly to palm and rapeseed

oil), while global oilmeal production would fall slightly

from the current season’s peak. Assuming a continuation

of current utilization trends, in 2017/18, global oil output

would exceed demand for the second year in succession,

possibly facilitating fresh replenishments in stocks and

further improvement in fundamentals. By contrast, oilmeal

production would fall short of global demand, requiring

releases in inventories, in particular of high meal-yielding

soybeans. However, thanks to record-high carry-over stocks

of soybean and soymeal, the portended production deficit

should not result in tighter oilseeds and product balances.

Accordingly, the current outlook provides scope for

international oilseed, oil and meal prices to stabilize at their

current relatively low level during the coming months –

barring unexpected supply shocks.

Ma

jor p

olicy d

eve

lop

me

nts

88 89FOOD OUTLOOKJUNE 2017

OIL

CRO

PS:

MA

JOR

POLI

CY D

EVEL

OPM

ENTS

MID

-SEP

TEM

BER

2016

TO

MID

-MA

Y 2

017*

CO

UN

TRY

/INST

ITU

TIO

NPR

OD

UC

TD

ATE

POLI

CY

CA

TEG

OR

Y/IN

STR

UM

ENT

DES

CR

IPTI

ON

Alg

eria

Soym

eal

Ap

r-17

Tax

po

licy

Rai

sed

val

ue-

add

ed t

ax (

VA

T) o

n s

elec

ted

gra

in a

nd

fee

d p

rod

uct

s –

incl

ud

ing

imp

ort

ed s

oyb

ean

mea

l.

Arg

enti

na

Soyb

ean

, so

yoil,

so

ymea

lO

ct-1

6Ex

po

rt p

olic

yPo

stp

on

ed t

he

pla

nn

ed r

edu

ctio

n in

exp

ort

tax

es f

or

soyb

ean

, so

yoil

and

so

ymea

l to

201

8–20

19.

Mea

nw

hile

, sta

rtin

g M

arch

201

7, s

oy

gro

wer

s in

th

e co

un

try’

s 10

no

rth

ern

pro

vin

ces

will

be

pro

vid

ed

wit

h a

n e

xpo

rt t

ax r

efu

nd

eq

uiv

alen

t to

5 p

erce

nt

of

the

free

-on

-bo

ard

so

ybea

n p

rice

.

Oliv

e o

il, s

un

flo

wer

oil

Jan

-17

Exp

ort

po

licy

Mo

difi

ed e

xpo

rt r

ebat

es f

or

a w

ide

ran

ge

of

valu

e-ad

ded

ag

ricu

ltu

ral p

rod

uct

s, in

clu

din

g o

live

and

su

nfl

ow

er o

il, w

ith

a v

iew

to

su

pp

ort

reg

ion

al r

ura

l eco

no

mie

s an

d s

tren

gth

en t

hei

r ex

po

rt

com

pet

itiv

enes

s.

Soyb

ean

Jan

-17

Tran

spo

rtat

ion

po

licy

Aw

ard

ed c

on

trac

ts t

o la

y tr

ain

tra

cks

in t

he

no

rth

ern

pro

vin

ces

of

Juju

y an

d S

alta

, in

a b

id t

o s

tim

ula

te

pro

du

ctio

n a

nd

mar

keti

ng

of

soyb

ean

s an

d o

ther

pro

du

cts

in o

ne

of

the

cou

ntr

y's

po

ore

st r

egio

ns.

Soyb

ean

Mar

-17

Ag

ricu

ltu

ral p

olic

yIn

tro

du

ced

su

pp

ort

pay

men

ts f

or

soyb

ean

pro

du

cers

in t

he

cou

ntr

y's

dis

adva

nta

ged

no

rth

ern

reg

ion

s.

Bo

livia

Soyb

ean

Mar

-17

Exp

ort

po

licy

Exp

and

ed t

he

cou

ntr

y's

ann

ual

so

ybea

n e

xpo

rt q

uo

ta t

o 4

00 0

00 t

on

nes

, to

pro

mo

te f

ore

ign

sal

es w

hile

en

suri

ng

th

at d

om

esti

c co

nsu

mp

tio

n n

eed

s ar

e m

et.

Bra

zil

Ag

ricu

ltu

ral c

rop

sJa

n-1

7A

gri

cult

ura

l po

licy

Lau

nch

ed a

pre

-cro

p fi

nan

cin

g s

chem

e fo

r th

e 20

17/1

8 se

aso

n, a

llow

ing

med

ium

-siz

ed p

rod

uce

rs t

o

pu

rch

ase

agri

cult

ura

l in

pu

ts a

t a

pre

fere

nti

al in

tere

st r

ate.

Bu

rkin

a Fa

soSo

ybea

nFe

b-1

7Se

cto

r d

evel

op

men

tLa

un

ched

a p

roje

ct t

o d

evel

op

th

e d

om

esti

c so

ybea

n s

ecto

r fo

cusi

ng

on

: i)

rais

ing

pro

du

ctiv

ity

and

yi

eld

s in

th

e fi

eld

, ii)

str

eng

then

ing

pro

du

cer

org

aniz

atio

ns,

iii)

co

nso

lidat

ing

th

e p

roce

ssin

g s

ecto

r, iv

) cr

eati

ng

a n

atio

nal

so

ybea

n a

sso

ciat

ion

an

d v

) es

tab

lish

ing

a s

ecto

r d

evel

op

men

t fu

nd

.

Can

ada/

Eu

rop

ean

Un

ion

Rap

esee

d o

ilO

ct-1

6Tr

ade

agre

emen

tsSi

gn

ed b

ilate

ral C

om

pre

hen

sive

Eco

no

mic

an

d T

rad

e A

gre

emen

t (C

ETA

), o

pen

ing

th

e w

ay f

or

the

acco

rd’s

pro

visi

on

al a

pp

licat

ion

an

d f

or

form

al r

atifi

cati

on

s b

y n

atio

nal

par

liam

ents

. Un

der

th

e ac

cord

, ta

riff

s o

n C

anad

ian

rap

esee

d o

il en

teri

ng

th

e EU

will

be

elim

inat

ed.

Can

ada

Oils

eed

s, g

rain

sN

ov-

16Tr

ansp

ort

atio

n p

olic

yPr

op

ose

d t

o r

epla

ce t

emp

ora

ry m

easu

res

to e

nsu

re e

ffici

ent

rail

mo

vem

ent

of

gra

ins

and

oils

eed

s to

th

e co

un

try’

s ex

po

rt h

ub

s w

ith

per

man

ent

solu

tio

ns.

Satu

rate

d f

atN

ov-

16H

ealt

h p

olic

yPr

op

ose

d c

han

ges

to

fro

nt-

of-

pac

kag

e la

bel

ling

fo

r fo

od

s h

igh

in n

utr

ien

ts t

hat

are

of

a p

ub

lic h

ealt

h

con

cern

, in

clu

din

g s

atu

rate

d f

at.

Edib

le o

ilsA

pr-

17Fo

od

sta

nd

ard

s an

d s

afet

y Pr

op

ose

d t

o b

an t

he

use

of

par

tial

ly h

ydro

gen

ated

oils

in f

oo

ds

by

sum

mer

201

8, t

o a

chie

ve t

he

pu

blic

h

ealt

h o

bje

ctiv

e o

f re

du

cin

g c

on

sum

ers’

inta

ke o

f h

arm

ful t

ran

s fa

t.

Gly

ph

osa

teA

pr-

17H

ealt

h p

olic

yD

eter

min

ed t

hat

gly

ph

osa

te –

a h

erb

icid

e w

idel

y u

sed

in t

he

cult

ivat

ion

of

oils

eed

s, o

ther

ara

ble

cro

ps

and

fru

its

– is

nei

ther

gen

oto

xic

no

r lik

ely

to p

ose

a h

um

an c

ance

r ri

sk, a

nd

th

at d

ieta

ry e

xpo

sure

as

soci

ated

wit

h u

se o

f th

e h

erb

icid

e is

no

t ex

pec

ted

to

po

se a

ris

k o

f co

nce

rn t

o h

um

an h

ealt

h.

Can

ada/

Ind

iaR

apes

eed

oil

Ap

r-17

Exp

ort

po

licy

Faci

litat

ed t

he

sig

nin

g o

f se

vera

l Mem

ora

nd

a o

f U

nd

erst

and

ing

bet

wee

n C

anad

ian

rap

esee

d o

il ex

po

rter

s an

d In

dia

n im

po

rter

s/re

taile

rs.

Ch

ina/

Can

ada

Rap

esee

dO

ct-1

6Im

po

rt p

olic

ySi

gn

ed a

bila

tera

l Mem

ora

nd

um

of

Un

der

stan

din

g t

o f

acili

tate

sm

oo

th im

po

rtat

ion

of

Can

adia

n

rap

esee

d in

to C

hin

a, w

hile

pre

ven

tin

g t

he

spre

ad o

f b

lack

leg

dis

ease

fro

m C

anad

a in

to C

hin

a.

Ch

ina

Soyb

ean

Oct

-16

Pub

lic p

rocu

rem

ent/

stat

e re

serv

esSu

spen

ded

go

vern

men

t au

ctio

ns

of

soyb

ean

fro

m s

tate

res

erve

s (a

fter

hav

ing

so

ld a

to

tal o

f 1.

57 m

illio

n t

on

nes

), in

ord

er t

o f

acili

tate

mar

keti

ng

of

the

new

201

6/17

cro

p.

Edib

le m

eals

Dec

-16

Foo

d s

tan

dar

ds

and

saf

ety

Co

nfi

rmed

th

at r

evis

ed s

tan

dar

ds

for

edib

le m

eals

der

ived

fro

m o

ilsee

ds

and

oth

er c

rop

s ar

e d

ue

to

com

e in

to f

orc

e o

n 2

3 Ju

ne

2017

.

GM

so

ybea

nD

ec-1

6G

MO

po

licy

Pro

hib

ited

, as

of

1 M

ay 2

017,

th

e cu

ltiv

atio

n, p

roce

ssin

g a

nd

sel

ling

of

GM

so

ybea

ns,

ric

e an

d m

aize

in

Hei

lon

gjia

ng

, Ch

ina’

s m

ain

gra

in p

rod

uci

ng

pro

vin

ce.

Dis

tille

r's

dri

ed g

rain

s w

ith

so

lub

les

(DD

GS)

Feb

-17

Imp

ort

po

licy

Exte

nd

ed a

nti

-du

mp

ing

an

d a

nti

-su

bsi

dy

du

ties

on

th

e im

po

rtat

ion

of

dis

tille

r’s

dri

ed g

rain

s w

ith

so

lub

les

(DD

GS)

fro

m t

he

Un

ited

Sta

tes

un

til J

anu

ary

2022

.

Ma

jor

po

licy

de

velo

pm

en

ts


CO

UN

TRY

/INST

ITU

TIO

NPR

OD

UC

TD

ATE

POLI

CY

CA

TEG

OR

Y/IN

STR

UM

ENT

DES

CR

IPTI

ON

Ch

ina

Soyb

ean

Feb

-17

GM

O p

olic

yG

ran

ted

imp

ort

ap

pro

val f

or

a n

ew G

M s

oyb

ean

var

iety

ch

arac

teri

zed

by

tole

ran

ce t

o b

oth

gly

ph

osa

te

and

iso

xafl

uto

le-b

ased

her

bic

ides

.

Rap

esee

d o

il M

ar-1

7Pu

blic

pro

cure

men

t/st

ate

rese

rves

End

ed g

ove

rnm

ent

auct

ion

s o

f ra

pes

eed

oil

fro

m s

tate

res

erve

s fo

r th

e 20

16/1

7 se

aso

n, a

fter

hav

ing

so

ld a

to

tal o

f 2.

08 m

illio

n t

on

nes

of

the

pro

du

ct.

Ag

ricu

ltu

ral c

rop

sA

pr-

17A

gri

cult

ura

l po

licy

An

no

un

ced

pla

ns

to in

tro

du

ce n

ew a

gri

cult

ura

l in

sura

nce

pro

gra

mm

es t

o c

om

pen

sate

far

mer

s fo

r cr

op

lo

sses

res

ult

ing

fro

m n

atu

ral d

isas

ters

. Co

vera

ge

wo

uld

be

off

ered

to

fam

ily f

arm

s, la

rge-

scal

e g

row

ers

and

far

mer

s’ c

oo

per

ativ

es.

Ara

ble

cro

ps

Ap

r-17

Ag

ricu

ltu

ral p

olic

y

Issu

ed g

uid

elin

es c

on

cern

ing

th

e re

dis

trib

uti

on

of

avai

lab

le a

rab

le la

nd

, as

par

t o

f th

e co

un

try’

s n

atio

nal

fo

od

sec

uri

ty s

trat

egy.

In o

rder

to

en

sure

th

e ef

fect

ive

dis

trib

uti

on

of

agri

cult

ura

l go

od

s ac

ross

th

e co

un

try,

du

rin

g t

he

nex

t th

ree

year

s, 6

0 m

illio

n h

a w

ou

ld b

e al

loca

ted

to

ric

e, w

hea

t an

d m

aize

, an

d 1

9 m

illio

n h

a to

so

ybea

ns,

rap

esee

d, c

ott

on

, su

gar

an

d r

ub

ber

.

Soyb

ean

, mai

zeA

pr-

17A

gri

cult

ura

l po

licy

Co

nfi

rmed

pla

ns

to m

od

ify

the

cou

ntr

y’s

cro

p s

tru

ctu

re, g

rad

ual

ly e

xpan

din

g s

oyb

ean

pro

du

ctio

n a

s w

ell a

s m

aize

pro

du

ctio

n f

or

sila

ge,

wh

ile r

edu

cin

g m

aize

pro

du

ctio

n f

or

gra

in.

Soym

eal

Ap

r-17

Fin

anci

al in

stru

men

tsA

pp

rove

d t

he

lau

nch

of

soym

eal o

pti

on

s co

ntr

acts

by

a p

riva

te c

om

mo

dit

y ex

chan

ge,

in o

rder

to

hel

p

the

pro

cess

of

pri

ce d

isco

very

an

d t

o p

rovi

de

agri

cult

ura

l co

mp

anie

s w

ith

flex

ible

ris

k m

anag

emen

t to

ols

.

Ag

ricu

ltu

ral g

oo

ds

May

-17

Tax

po

licy

An

no

un

ced

a r

edu

ctio

n in

th

e va

lue-

add

ed t

ax o

n a

gri

cult

ura

l go

od

s –

effe

ctiv

e 1

July

201

7 –

as p

art

of

on

go

ing

ref

orm

s to

sim

plif

y th

e co

un

try’

s ta

x st

ruct

ure

an

d s

tim

ula

te e

con

om

ic g

row

th. T

he

mea

sure

w

ill a

pp

ly t

o o

ilsee

ds

and

oils

eed

pro

du

cts,

wh

eth

er lo

cally

pro

du

ced

or

imp

ort

ed.

Soyb

ean

May

-17

Ag

ricu

ltu

ral p

olic

yA

nn

ou

nce

d t

he

con

tin

uat

ion

of

sub

sid

y p

aym

ents

fo

r so

ybea

n p

rod

uce

rs d

uri

ng

201

7/18

, in

a b

id t

o

enco

ura

ge

farm

ers

to m

ake

furt

her

red

uct

ion

s to

mai

ze p

lan

tin

gs.

Ecu

ado

rSo

ybea

n m

eal

Jan

-17

Imp

ort

po

licy

Exte

nd

ed t

arif

f an

d d

uty

exe

mp

tio

ns

for

soyb

ean

mea

l im

po

rts

fro

m a

ll o

rig

ins

un

til 3

1 D

ecem

ber

201

9.

Euro

pea

n U

nio

n

Bio

die

sel

Sep

-16

Trad

e d

isp

ute

Rec

eive

d n

oti

fica

tio

n f

rom

th

e EU

’s G

ener

al C

ou

rt t

hat

th

e an

ti-d

um

pin

g d

uti

es im

po

sed

on

bio

die

sel

imp

ort

s fr

om

Arg

enti

na

and

Ind

on

esia

infr

ing

ed o

n b

asic

reg

ula

tio

ns

and

sh

ou

ld b

e an

nu

lled

.

Bio

die

sel

Oct

-16

Trad

e d

isp

ute

Rec

eive

d n

oti

fica

tio

n f

rom

th

e W

TO t

hat

its

Ap

pel

late

Bo

dy

had

: i)

up

hel

d a

n e

arlie

r ru

ling

reg

ard

ing

th

e an

ti-d

um

pin

g d

uti

es t

he

EU im

po

sed

on

bio

die

sel i

mp

ort

s fr

om

Arg

enti

na,

an

d ii

) re

com

men

ded

b

rin

gin

g t

he

EU's

dis

pu

ted

tra

de

mea

sure

into

co

nfo

rmit

y w

ith

WTO

ru

les.

Bio

die

sel

Dec

-16

Trad

e d

isp

ute

Init

iate

d a

n in

vest

igat

ion

of

its

anti

-du

mp

ing

du

ties

on

bio

die

sel i

mp

ort

ed f

rom

Arg

enti

na

and

In

do

nes

ia, w

ith

a v

iew

to

ach

ievi

ng

fu

ll co

mp

lian

ce w

ith

WTO

ru

les.

Fatt

y al

coh

ols

Dec

-16

Tra

de

dis

pu

teR

ecei

ved

a m

ixed

ru

ling

fro

m t

he

WTO

dis

pu

te s

ettl

emen

t b

od

y, r

egar

din

g t

he

EU’s

an

ti-d

um

pin

g

mea

sure

s ag

ain

st im

po

rts

of

cert

ain

fat

ty a

lco

ho

ls f

rom

Ind

on

esia

. Th

e p

anel

rec

om

men

ded

th

at t

he

EU

bri

ng

its

mea

sure

s in

to c

on

form

ity

wit

h W

TO r

ule

s.

Rap

esee

dD

ec-1

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MO

po

licy

Exte

nd

ed b

y 3

year

s th

e p

has

ing

-ou

t p

erio

d f

or

trac

es o

f th

ree

ob

sole

te G

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apes

eed

var

ieti

es.

Oliv

e tr

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b-1

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se c

on

tro

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un

ched

a m

ult

idis

cip

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y re

sear

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me

aim

ed a

t im

pro

vin

g t

he

pre

ven

tio

n, e

arly

det

ecti

on

an

d c

on

tro

l of

the

xyle

lla f

asti

dio

sa d

isea

se.

Her

bic

ide

Mar

-17

Pest

icid

e re

gu

lati

on

Pro

po

sed

to

co

nve

rt a

tem

po

rary

mo

rato

riu

m o

n b

ee-h

arm

ing

neo

nic

oti

no

id-b

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pes

tici

des

(w

hic

h

are

wid

ely

use

d o

n o

ilsee

ds

and

oth

er c

rop

s) in

to a

per

man

ent

ban

.

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od

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nd

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ula

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on

fo

od

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ety

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insp

ecti

on

in o

rder

to

tac

kle

frau

du

len

t p

ract

ices

in t

he

foo

d in

du

stry

acr

oss

th

e EU

, in

clu

din

g t

he

oliv

e o

il se

cto

r.

Palm

oil

Ap

r-17

Envi

ron

men

tal p

olic

y

Rec

eive

d a

res

olu

tio

n f

rom

th

e Eu

rop

ean

Par

liam

ent

calli

ng

fo

r a

sin

gle

cer

tifi

cati

on

sch

eme

for

pal

m

oil

ente

rin

g t

he

EU m

arke

t, t

o e

nsu

re t

hat

th

e o

il is

pro

du

ced

in a

n e

nvi

ron

men

tally

su

stai

nab

le w

ay.

The

reso

luti

on

als

o p

rop

ose

d t

o p

has

e o

ut,

by

2022

, th

e u

se o

f ve

get

able

oils

rel

ated

to

def

ore

stat

ion

as

bio

die

sel f

eed

sto

ck.

Her

bic

ide

May

-17

Pest

icid

e re

gu

lati

on

Issu

ed a

pro

po

sal,

bas

ed o

n t

he

late

st s

cien

tifi

c re

sear

ch, t

o e

xten

d t

he

app

rova

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gly

ph

osa

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con

ut

Oct

-16

Rel

ief

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fun

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the

reh

abili

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cou

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sed

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mes

tic

pro

du

cer

pri

ces

for

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ia

Edib

le o

ils, o

ilsee

ds

Oct

-16

Mar

ket

reg

ula

tio

nEx

ten

ded

, un

til S

epte

mb

er 2

017,

fed

eral

pro

visi

on

s lim

itin

g t

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amo

un

t o

f ed

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oil

and

oils

eed

sto

cks

that

pri

vate

tra

der

s ar

e al

low

ed t

o h

old

.

Palm

oil,

ed

ible

oils

Oct

-16

Imp

ort

po

licy

Low

ered

imp

ort

du

ties

on

cru

de

pal

m o

il an

d r

efin

ed e

dib

le o

ils b

y 5

per

cen

t, b

rin

gin

g t

hem

to

7.

5 p

erce

nt

and

15

per

cen

t, r

esp

ecti

vely

.

Gro

un

dn

ut

Dec

-16

Ag

ricu

ltu

ral p

olic

yA

nn

ou

nce

d t

hat

insu

ran

ce c

laim

s b

y fa

rmer

s in

th

e st

ate

of

An

dra

Pra

des

h, w

ho

se g

rou

nd

nu

t cr

op

h

ad b

een

dam

aged

by

adve

rse

wea

ther

du

rin

g t

he

2016

Kh

arif

sea

son

, wo

uld

be

cove

red

by

the

go

vern

men

t.

Oil

pal

m

Dec

-16

Sect

or

dev

elo

pm

ent

Lau

nch

ed a

pac

kag

e o

f su

pp

ort

mea

sure

s in

th

e st

ate

of

Aru

nac

hal

Pra

des

h t

o e

nco

ura

ge

oil

pal

m

cult

ivat

ion

.

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rop

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ec-1

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gri

cult

ura

l po

licy

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sed

min

imu

m s

up

po

rt p

rice

s fo

r R

abi o

ilcro

ps

by

10 p

erce

nt,

in a

bid

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sti

mu

late

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mes

tic

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.

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od

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det

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g t

he

fatt

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om

po

siti

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fo

r al

l veg

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ilsJa

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od

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men

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sta

nd

ard

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n o

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nd

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s –

effe

ctiv

e 1

July

201

7 –

incl

ud

ing

th

e u

se o

f ve

get

able

fat

s an

d o

ils

in r

efin

ing

pro

cess

es.

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ricu

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rop

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b-1

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gri

cult

ura

l po

licy

Ap

pro

ved

a t

wo

-mo

nth

inte

rest

wai

ver

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farm

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wh

o t

oo

k sh

ort

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m c

rop

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om

co

op

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ban

ks, t

o m

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the

imp

act

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the

cou

ntr

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earl

ier

dem

on

etiz

atio

n m

easu

res

on

th

e fa

rm s

ecto

r.

Co

pra

Feb

-17

Pub

lic p

rocu

rem

ent

Init

iate

d p

rocu

rem

ent

of

cop

ra in

th

e st

ate

of

Kar

nat

aka,

in a

bid

to

pro

tect

gro

wer

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om

fal

ling

co

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ces.

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ebru

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dat

e fo

r i)

man

dat

ory

dec

lara

tio

n o

f tr

ans

fat

and

sat

ura

ted

fa

t co

nte

nt

on

fo

od

pro

du

ct la

bel

s, a

nd

ii)

a 5

per

cen

t lim

it f

or

tran

s fa

tty

acid

co

nte

nt

in f

ats,

oils

an

d

fat

emu

lsio

ns.

Eve

ntu

ally

, th

e co

mp

lian

ce d

ate

was

po

stp

on

ed t

o 3

0 Ju

ne

2017

to

allo

w m

anu

fact

ure

rs

to u

tiliz

e th

e ex

isti

ng

sto

ck o

f th

eir

pac

kag

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mat

eria

l.

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con

ut

pal

m

Ap

r-17

Sect

or

dev

elo

pm

ent

Allo

cate

d f

un

ds

to t

he

stat

es o

f K

eral

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arn

atak

a, T

amil

Nad

u a

nd

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dh

ra P

rad

esh

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su

pp

ort

of

pro

ject

s fo

cusi

ng

on

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oco

nu

t p

roce

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g a

nd

pro

du

ct d

iver

sifi

cati

on

, ii)

mar

ket

pro

mo

tio

n a

nd

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re

sear

ch.

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pra

Ap

r-17

Ag

ricu

ltu

ral p

olic

yR

aise

d m

inim

um

su

pp

ort

pri

ce f

or

cop

ra b

y 9

per

cen

t, in

ord

er t

o e

nsu

re r

emu

ner

ativ

e p

rice

s fo

r fa

rmer

s an

d s

tim

ula

te in

vest

men

t in

co

con

ut.

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od

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afet

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e co

llect

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esti

ng

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edib

le o

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sam

ple

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th

e St

ate

of

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jab

, wit

h a

vie

w t

o b

an

all s

ub

-sta

nd

ard

an

d a

du

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ated

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pro

du

cts

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arke

ts.

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le o

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17Ex

po

rt p

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fted

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n b

ulk

exp

ort

s o

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lect

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dib

le o

ils –

no

tab

ly g

rou

nd

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t, s

esam

e an

d s

oyb

ean

oil

– in

o

rder

to

bo

ost

sh

ipm

ents

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pre

miu

m v

eget

able

oils

.

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pal

mA

pr-

17A

gri

cult

ura

l po

licy

Ap

pro

ved

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vern

men

t-fu

nd

ed m

easu

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crea

se t

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cou

ntr

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oil

pal

m a

rea,

wit

h t

he

ult

imat

e o

bje

ctiv

es o

f b

oo

stin

g d

om

esti

c p

rod

uct

ion

of

veg

etab

le o

ils a

nd

red

uci

ng

imp

ort

req

uir

emen

ts.

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flo

wer

see

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pr-

17Im

po

rt p

olic

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nn

ou

nce

d a

tem

po

rary

cu

t in

th

e im

po

rt d

uty

on

su

nfl

ow

er s

eed

, wit

h a

vie

w t

o s

up

po

rt t

he

do

mes

tic

pro

cess

ing

ind

ust

ry.

Mu

star

d s

eed

May

-17

GM

O p

olic

yG

ran

ted

tec

hn

ical

cle

aran

ce f

or

com

mer

cial

use

of

gen

etic

ally

mo

difi

ed m

ust

ard

see

d, c

lear

ing

th

e w

ay

for

fin

al m

inis

teri

al a

uth

ori

zati

on

.

Ind

on

esia

Palm

oil

Oct

-16

- M

ay-1

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po

rt p

olic

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ft in

pla

ce a

slid

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exp

ort

tax

reg

ime

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pal

m o

il w

hic

h p

rote

cts

the

inte

rest

s o

f d

om

esti

c p

rod

uce

rs

and

co

nsu

mer

s.

Ind

on

esia

Soyb

ean

Oct

-16

Mar

ket

reg

ula

tio

nR

evis

ed t

he

farm

-gat

e an

d r

etai

l pri

ces

for

bas

ic f

oo

d it

ems,

incl

ud

ing

so

ybea

n, i

n o

rder

to

pro

tect

fa

rmer

s ag

ain

st s

har

p p

rice

dro

ps

wh

ile s

hie

ldin

g c

on

sum

ers

fro

m p

rice

incr

ease

s.

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on

esia

/Mal

aysi

aPa

lm o

il D

ec-1

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ral c

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per

atio

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ed t

o jo

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orc

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un

der

th

e au

spic

es o

f th

e C

ou

nci

l of

Palm

Oil

Pro

du

cin

g C

ou

ntr

ies

– to

ad

dre

ss

per

ceiv

ed b

arri

ers

in g

lob

al p

alm

oil

trad

e.

Ma

jor

po

licy

de

velo

pm

en

ts


CO

UN

TRY

/INST

ITU

TIO

NPR

OD

UC

TD

ATE

POLI

CY

CA

TEG

OR

Y/IN

STR

UM

ENT

DES

CR

IPTI

ON

Ind

on

esia

Co

con

ut

Feb

-17

Sect

or

dev

elo

pm

ent

Allo

cate

d p

ub

lic f

un

ds

to im

pro

ve d

om

esti

c co

con

ut

pro

du

ctio

n, s

o a

s to

mee

t p

roce

sso

rs’ g

row

ing

d

eman

d f

or

raw

mat

eria

ls.

Soyb

ean

Feb

-17

Pub

lic p

rocu

rem

ent

An

no

un

ced

pla

ns

to a

lloca

te f

un

ds

for

the

pro

cure

men

t o

f d

om

esti

c co

mm

od

itie

s, in

clu

din

g s

oyb

ean

s,

in a

n e

ffo

rt t

o s

tab

ilize

pri

ces.

Bio

die

sel

Ap

r-17

Bio

fuel

po

licy

Exp

lore

d w

ays

to lo

wer

su

bsi

die

s p

aid

to

ind

ivid

ual

pet

rol c

om

pan

ies

for

ble

nd

ing

bio

die

sel,

wit

h a

vi

ew t

o s

pre

ad a

vaila

ble

pu

blic

fu

nd

s ac

ross

a la

rger

vo

lum

e.

Oil

pal

m, m

aize

Ap

r-17

Ag

ricu

ltu

ral p

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yR

elea

sed

pla

ns

to e

nco

ura

ge

ind

epen

den

t o

il p

alm

far

mer

s to

intr

od

uce

mai

ze in

terc

rop

pin

g in

th

eir

pla

nta

tio

ns

– a

mea

sure

mea

nt

to im

pro

ve la

nd

use

effi

cien

cy, r

aise

pro

du

ctiv

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and

incr

ease

far

mer

s'

inco

mes

.

Palm

oil

Ap

r-17

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ron

men

tal p

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enew

ed e

ffo

rts

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un

ch a

nat

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e, b

ind

ing

cer

tifi

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sch

eme

for

sust

ain

ably

pro

du

ced

pal

m

oil,

an

d is

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atio

nal

su

stai

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ility

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nd

ard

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r p

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med

at

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ng

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rod

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dep

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y ru

n p

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sin

esse

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lives

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e n

ew a

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h

dat

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rom

1 J

anu

ary

2017

, pay

s p

arti

cula

r at

ten

tio

n t

o t

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invo

lvem

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of

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ort

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e C

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mit

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ls w

ith

fee

d m

aize

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pro

du

ctio

n o

f co

mp

ou

nd

fee

d.

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rren

tly,

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ze m

ay o

nly

be

mix

ed w

ith

an

imal

pro

tein

su

ch a

s fi

shm

eal.

Kaz

akh

stan

Ara

ble

cro

ps

Feb

-17

Ag

ricu

ltu

ral p

olic

yPr

esen

ted

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rog

ram

me

for

the

dev

elo

pm

ent

of

the

cou

ntr

y’s

agro

-in

du

stri

al c

om

ple

x in

201

7–20

21,

incl

ud

ing

pro

visi

on

s o

f in

cen

tive

s to

red

uce

wh

eat

cult

ivat

ion

in f

avo

ur

of

coar

se g

rain

s an

d o

ilsee

ds.

Kaz

akh

stan

/Ch

ina

Soyb

ean

Ap

r-17

Bila

tera

l co

op

erat

ion

Sig

ned

a p

roto

col o

n p

hyt

osa

nit

ary

req

uir

emen

ts t

o f

acili

tate

th

e ex

po

rtat

ion

of

Kaz

akh

so

ybea

ns

to

Ch

ina.

Ken

yaC

oco

nu

t p

alm

A

pr-

17Se

cto

r d

evel

op

men

tA

nn

ou

nce

d d

istr

ibu

tio

n o

f q

ual

ity

coco

nu

t se

edlin

gs

to f

arm

ers

in t

he

cou

ntr

y’s

coas

tal r

egio

n, w

ith

th

e g

oal

of

bo

ost

ing

pro

du

ctio

n a

nd

str

eng

then

ing

th

e co

con

ut

valu

e ch

ain

.

Mal

aysi

a

Palm

oil

Oct

-16

- M

ay-1

7Ex

po

rt p

olic

yLe

ft in

pla

ce a

slid

ing

exp

ort

tax

reg

ime

for

pal

m o

il th

at p

rote

cts

the

inte

rest

s o

f d

om

esti

c p

rod

uce

rs

and

co

nsu

mer

s.

Palm

oil

Feb

-17

Envi

ron

men

tal p

olic

yR

enew

ed e

ffo

rts

to la

un

ch a

bin

din

g n

atio

nal

sta

nd

ard

fo

r su

stai

nab

ly p

rod

uce

d p

alm

oil,

an

d

ann

ou

nce

d a

tim

elin

e fo

r th

e st

and

ard

’s m

and

ato

ry, n

atio

nw

ide

app

licat

ion

.

Palm

oil

Ap

r-17

Exp

ort

po

licy

Exp

lore

d t

he

po

ssib

ility

of

alig

nin

g t

he

cou

ntr

y's

vari

able

exp

ort

tax

reg

ime

wit

h t

hat

of

Ind

on

esia

, ai

min

g t

o m

ove

to

war

ds

a h

arm

on

ized

, mu

tual

ly b

enefi

cial

exp

ort

po

licy.

Mal

aysi

a/In

dia

Palm

oil

Ap

r-17

Exp

ort

pro

mo

tio

nSi

gn

ed a

Mem

ora

nd

um

of

Un

der

stan

din

g w

ith

Ind

ia, a

imed

at

hel

pin

g r

aise

th

e p

rese

nce

of

Mal

aysi

an

pal

m o

il in

th

e In

dia

n m

arke

t.

Mex

ico

Oilc

rop

sFe

b-1

7A

gri

cult

ura

l po

licy

Ret

ain

ed p

rog

ram

mes

to

en

cou

rag

e d

om

esti

c o

ilsee

d p

rod

uct

ion

bu

t an

no

un

ced

red

uct

ion

s in

th

e am

ou

nt

of

sub

sid

ies

pro

vid

ed t

o in

div

idu

al f

arm

ers

in 2

017.

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nm

arEd

ible

oils

Ap

r-17

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d s

tan

dar

ds

and

saf

ety

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nsi

der

ed t

akin

g a

ctio

n a

gai

nst

ille

gal

veg

etab

le o

il im

po

rts

and

fra

ud

ule

nt

sale

s o

f co

oki

ng

oils

on

th

e d

om

esti

c m

arke

t.

Nig

eria

Bio

die

sel

Ap

r-17

Bio

fuel

po

licy

An

no

un

ced

th

at it

is w

ork

ing

on

a n

atio

nal

bio

fuel

po

licy

and

ince

nti

ves

pro

gra

mm

e th

at w

ill s

pel

l ou

t p

rod

uct

ion

an

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rice

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get

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nd

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ne

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gu

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ry f

ram

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rk f

or

do

mes

tic

bio

fuel

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tiliz

atio

n.

Paci

fic

Co

mm

un

ity

Co

con

ut

Oct

-16

Sect

or

dev

elo

pm

ent

Lau

nch

ed a

reg

ion

al in

itia

tive

aim

ed a

t im

pro

vin

g t

he

com

pet

itiv

enes

s o

f sm

all c

oco

nu

t p

rod

uce

rs in

th

e Pa

cifi

c re

gio

n.

Paki

stan

Rap

esee

dA

pr-

17Se

cto

r d

evel

op

men

tLa

un

ched

a p

roje

ct in

th

e co

un

try'

s K

hyb

er P

akh

tun

khw

a Pr

ovi

nce

to

en

han

ce p

rod

uct

ivit

y in

rap

esee

d

cult

ivat

ion

.

Peru

Bio

die

sel

Oct

-16

Imp

ort

po

licy

An

no

un

ced

th

e re

pla

cem

ent

of

pro

visi

on

al a

nti

-du

mp

ing

du

ties

on

bio

die

sel i

mp

ort

s fr

om

Arg

enti

na

wit

h p

erm

anen

t o

nes

, so

as

to s

hie

ld d

om

esti

c b

iod

iese

l pro

du

ctio

n f

rom

alle

ged

ly u

nfa

ir c

om

pet

itio

n.

Ma

jor p

olicy d

eve

lop

me

nts


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UN

TRY

/INST

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OD

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ATE

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and

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17B

iofu

el p

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yA

ban

do

ned

a b

iod

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l pro

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lau

nch

ed in

201

3, d

ue

to in

suffi

cien

t av

aila

bili

ty o

f th

e ke

y fe

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ock

(j

atro

ph

a o

il) a

nd

hig

h c

ost

s o

f p

rod

uct

ion

.

Sri L

anka

Veg

etab

le o

ilsO

ct-1

6Im

po

rt p

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yR

aise

d t

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spec

ial c

om

mo

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vy o

n im

po

rted

veg

etab

le o

ils, i

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tect

do

mes

tic

oils

eed

p

rod

uce

rs a

nd

oil

pro

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ors

.

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con

ut

oil

Ap

r-17

Imp

ort

po

licy

Ap

pro

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imp

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atio

n o

f co

con

ut

oil

and

dec

ided

to

low

er t

he

spec

ial c

om

mo

dit

y le

vy c

har

ged

on

im

po

rted

veg

etab

les

oils

, in

a b

id t

o c

urb

do

mes

tic

reta

il p

rice

s.

Thai

lan

dC

oco

nu

t p

alm

A

pr-

17Se

cto

r d

evel

op

men

tIn

stru

cted

sta

te a

gen

cies

to

dev

elo

p a

ctio

n p

lan

s fo

r b

oo

stin

g n

atio

nal

co

con

ut

pro

du

ctio

n, s

o a

s to

ad

dre

ss d

om

esti

c su

pp

ly s

ho

rtag

es a

nd

hal

t im

po

rts

of

coco

nu

t p

rod

uct

s.

Turk

ey

Saffl

ow

er o

il,

sun

flo

wer

oil

Sep

-16

Imp

ort

po

licy

Rai

sed

imp

ort

du

ties

on

saf

flo

wer

an

d s

un

flo

wer

oil

– to

pre

ven

t lo

w im

po

rt p

rice

s fr

om

hu

rtin

g

do

mes

tic

pro

du

cers

an

d c

rush

ers.

Soyb

ean

, su

nfl

ow

er,

saffl

ow

er, r

apes

eed

Feb

-17

Ag

ricu

ltu

ral p

olic

yLa

un

ched

a n

ew a

gri

cult

ura

l su

bsi

dy

pro

gra

mm

e, in

a b

id t

o d

iver

sify

th

e co

un

try’

s ag

ricu

ltu

ral

pro

du

ctio

n, r

aise

pro

du

ctiv

ity

leve

ls a

nd

red

uce

th

e cu

ltiv

atio

n o

f w

ater

-in

ten

sive

cro

ps

in s

tru

ctu

rally

d

isad

van

tag

ed a

reas

. Cro

ps

elig

ible

fo

r su

pp

ort

incl

ud

e so

ybea

n, s

un

flo

wer

, saf

flo

wer

an

d r

apes

eed

.

Sun

flo

wer

oil/

mea

lA

pr-

17Im

po

rt p

olic

yTe

mp

ora

rily

su

spen

ded

th

e R

uss

ian

Fed

erat

ion

fro

m t

he

list

of

tax-

free

ori

gin

s fo

r se

lect

ed a

gri

cult

ura

l p

rod

uct

s, w

hic

h in

clu

des

su

nfl

ow

er o

il an

d m

eal.

Ukr

ain

eSo

ybea

nD

ec-1

6G

MO

po

licy

Intr

od

uce

d b

ord

er c

on

tro

ls t

o c

hec

k th

e co

un

try'

s ag

ricu

ltu

ral e

xpo

rts

for

GM

O c

on

ten

t, p

arti

cula

rly

to

pre

ven

t ill

egal

ly g

row

n G

M s

oyb

ean

s fr

om

jeo

par

diz

ing

th

e co

un

try'

s st

atu

s as

a G

M-f

ree

sup

plie

r.

Un

ited

Sta

tes

Bio

die

sel

Oct

-16

Bio

fuel

po

licy

Ru

led

th

at b

iod

iese

l ble

nd

ing

man

dat

es a

pp

lied

in t

he

stat

e o

f M

inn

eso

ta a

re n

ot

in c

on

flic

t w

ith

th

e fe

der

al R

enew

able

Fu

el S

tan

dar

d (

RFS

), a

nd

th

at t

he

RFS

th

eref

ore

do

es n

ot

pre

-em

pt

Min

nes

ota

’s

man

dat

es.

Cam

elin

a sa

tiva

Feb

-17

Bio

fuel

po

licy

Allo

cate

d p

ub

lic f

un

ds

to a

res

earc

h p

roje

ct o

n c

amel

ina

sati

va, a

s p

art

of

nat

ion

al e

ffo

rts

to p

rom

ote

re

sear

ch o

n n

ew b

io-b

ased

fee

dst

ock

fo

r b

iod

iese

l.

Rap

esee

dA

pr-

17Se

cto

r d

evel

op

men

tM

ade

avai

lab

le f

un

din

g f

or

fun

dam

enta

l an

d a

pp

lied

res

earc

h t

o h

elp

dev

elo

p n

ew r

apes

eed

var

ieti

es,

exp

and

th

e cr

op

’s g

row

ing

reg

ion

an

d la

un

ch n

ew c

om

mer

cial

rap

esee

d-b

ased

pro

du

cts.

Bio

die

sel

May

-17

Bio

fuel

po

licy

Exte

nd

ed t

he

Ren

ewab

le F

uel

s In

fras

tru

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re p

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Th

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des

ign

ed t

o e

nco

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ge

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ret

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rs t

o o

ffer

bio

fuel

at

the

pu

mp

.

Bio

die

sel

May

-17

Imp

ort

po

licy

Lau

nch

ed a

n in

vest

igat

ion

into

US

imp

ort

s o

f ve

get

able

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l fro

m A

rgen

tin

a an

d

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on

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, to

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du

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an

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.

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Statistica

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pe

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ix


APPENDIX TABLE 10: TOTAL OILCROPS STATISTICS (million tonnes)

12/13-14/15

average2015/16 2016/17

12/13-14/15 average

2015/16 2016/1712/13-14/15

average2015/16 2016/17

estim. f'cast estim. f'cast estim. f'cast

ASIA 134.5 123.5 135.1 100.3 119.6 129.2 3.0 3.4 3.5China 60.2 56.9 58.7 76.9 91.3 98.1 1.1 1.3 0.8 of which Taiwan Prov. 0.1 0.1 0.1 2.4 2.5 2.6 - - -India 36.9 31.3 39.1 0.3 0.3 0.2 0.8 0.8 1.3Indonesia 11.0 10.8 11.6 2.3 2.5 2.9 0.1 0.1 0.1Iran, Islamic Republic of 0.7 0.7 0.7 0.9 1.8 2.3 0.1 0.1 0.1Japan 0.3 0.3 0.3 5.7 6.0 6.1 - - -Korea, Republic.of 0.2 0.2 0.1 1.5 1.6 1.7 - - -Malaysia 5.0 4.3 5.0 0.7 0.8 0.9 - 0.1 0.1Pakistan 5.3 4.0 4.4 1.4 2.3 3.1 - - -Thailand 0.7 1.0 1.1 2.2 2.6 2.8 - - -Turkey 3.1 3.1 3.2 2.7 3.2 3.0 0.1 0.1 0.1

AFRICA 17.4 18.3 18.3 3.8 3.5 4.1 0.7 0.7 0.7Nigeria 5.1 5.0 5.0 - - - 0.1 0.1 0.1

CENTRAL AMERICA 1.7 1.8 2.0 6.3 6.5 6.9 0.2 0.2 0.2Mexico 1.2 1.3 1.5 5.6 5.7 6.1 - - -

SOUTH AMERICA 167.0 177.4 196.5 1.9 2.7 4.0 65.0 74.3 82.0Argentina 59.1 62.2 62.4 0.1 0.4 1.6 9.8 11.8 11.2Brazil 91.4 98.5 116.0 0.4 0.4 0.4 46.6 54.0 61.3Paraguay 8.9 9.8 10.6 - - - 4.9 5.4 6.2Uruguay 3.5 2.7 3.5 - - - 3.2 2.6 2.9

NORTH AMERICA 126.6 142.6 153.9 3.1 2.1 2.5 58.0 70.7 73.2Canada 23.2 26.2 26.0 0.6 0.6 0.6 13.1 15.3 16.0United States of America 103.4 116.5 127.9 2.5 1.4 1.9 44.9 55.3 57.2

EUROPE 62.2 66.6 69.6 20.2 22.9 23.2 5.7 5.8 6.7European Union 32.0 32.7 31.8 17.9 20.0 20.5 1.1 0.9 1.1Russian Federation 12.6 13.8 15.5 1.7 2.1 2.0 0.4 0.6 0.8Ukraine 15.2 17.9 20.1 - - - 3.7 3.7 4.2

OCEANIA 5.5 4.4 6.2 - - - 3.4 2.2 3.7Australia 5.1 4.0 5.7 - - - 3.3 2.1 3.6

WORLD 515.0 534.6 581.6 135.6 157.3 169.9 136.0 157.3 169.9Developing countries 320.8 321.1 352.1 106.5 126.3 138.1 68.9 78.7 86.4Developed countries 194.2 213.5 229.5 29.1 31.0 31.8 67.1 78.6 83.5LIFDC 55.7 50.4 57.8 1.7 2.4 2.6 1.5 1.6 2.1LDC 10.7 11.0 10.9 0.8 1.3 1.7 0.4 0.5 0.5

1 The split years bring together northern hemisphere annual crops harevested in the latter part of the first year shown, with southern hemisphere annual crops harvested in the early part of the second year shown; for tree crops which are produced throughout the year, calendar year production for the second year shown is used

APPENDIX TABLE 10: TOTAL OILCROPS STATISTICS (million tonnes)

Production 1 Imports Exports

Sta

tist

ica

l a

pp

en

dix


APPENDIX TABLE 11: TOTAL OILS AND FATS STATISTICS 1 (million tonnes)

12/13-14/15

average2015/16 2016/17

12/13-14/15 average

2015/16 2016/1712/13-14/15

average2015/16 2016/17


ASIA 44.0 45.1 47.4 49.6 48.4 50.3 101.4 109.5 113.3Bangladesh 1.8 2.0 2.2 - - - 2.1 2.4 2.6China 11.4 9.4 9.6 0.5 0.7 0.6 36.9 38.4 38.8 of which Taiwan Prov. 0.4 0.5 0.5 - - - 0.9 0.9 1.0India 12.3 15.2 15.4 0.4 0.2 0.2 21.6 24.2 24.9Indonesia 0.1 0.1 0.2 25.5 26.2 28.0 10.0 11.6 12.0Iran, Islamic Republic of 1.6 1.0 1.3 0.2 0.1 0.2 2.0 1.7 1.9Japan 1.3 1.3 1.3 - - - 3.1 3.2 3.3Korea, Republic.of 1.0 1.1 1.2 - - - 1.4 1.5 1.6Malaysia 1.5 1.3 1.5 19.2 18.0 18.0 4.4 4.4 5.0Pakistan 2.8 3.0 3.2 0.1 0.2 0.1 4.4 4.8 5.1Philippines 0.7 1.0 1.1 0.9 0.7 0.8 1.6 1.8 2.0Singapore 0.8 0.8 0.8 0.2 0.1 0.1 0.7 0.7 0.7Turkey 1.8 1.9 2.0 0.7 0.7 0.6 2.9 3.2 3.3

AFRICA 10.2 10.6 11.5 1.8 1.8 1.7 16.2 17.3 18.1Algeria 0.8 0.8 1.0 0.1 0.1 0.1 0.9 1.0 1.1Egypt 2.0 2.0 2.2 0.3 0.3 0.2 2.2 2.4 2.6Nigeria 1.5 1.4 1.7 0.2 0.1 0.1 3.2 3.4 3.6South Africa 0.8 0.9 0.8 0.1 0.1 - 1.3 1.5 1.5

CENTRAL AMERICA 2.5 2.6 2.8 1.0 1.4 1.4 5.0 5.1 5.6Mexico 1.4 1.5 1.6 0.1 0.1 - 3.3 3.4 3.7

SOUTH AMERICA 3.1 3.3 3.4 9.0 10.9 11.1 17.0 17.7 18.3Argentina 0.1 0.1 0.1 5.3 6.6 6.8 3.9 4.1 4.0Brazil 0.6 0.7 0.7 1.7 1.9 1.8 8.4 8.8 9.3Paraguay - - - 0.6 0.7 0.7 0.1 0.1 0.1Uruguay 0.1 0.1 0.1 - - - 0.1 0.1 0.2


EUROPE 14.0 14.4 14.7 9.8 10.8 12.3 37.2 39.7 39.2European Union 11.5 11.8 12.0 3.3 3.3 3.3 30.7 32.6 32.2Russian Federation 1.2 1.4 1.3 2.0 2.3 2.7 4.3 4.7 4.7Ukraine 0.3 0.3 0.3 3.9 4.8 5.8 1.0 1.0 0.9

OCEANIA 0.6 0.7 0.7 1.8 1.9 1.9 1.2 1.2 1.2Australia 0.5 0.5 0.5 0.7 0.7 0.7 0.8 0.8 0.9


1 Includes oils and fats of vegetable, marine and animal origin

APPENDIX TABLE 11: TOTAL OILS AND FATS STATISTICS 1 (million tonnes)

Imports Exports Utilization

Statistica

l ap

pe

nd

ix


APPENDIX TABLE 12: TOTAL MEALS AND CAKES STATISTICS 1 (million tonnes)

12/13-14/15

average2015/16 2016/17

12/13-14/15 average

2015/16 2016/1712/13-14/15

average2015/16 2016/17


ASIA 34.2 35.6 37.6 15.5 12.7 14.0 144.1 160.4 170.8China 2.7 2.9 3.4 2.1 2.4 1.9 78.9 88.4 94.5 of which Taiwan Prov. 0.6 0.5 0.5 - - - 2.5 2.5 2.5India 0.2 0.3 0.3 4.2 0.9 2.6 12.3 13.5 14.5Indonesia 4.0 4.4 4.5 4.1 4.4 4.5 6.0 6.6 6.8Iran, Islamic Republic of 2.5 1.5 2.0 0.1 - 0.1 3.2 3.5 3.9Japan 2.4 2.2 2.3 - - - 6.4 6.5 6.5Korea, Republic.of 3.9 3.9 3.8 0.2 0.2 0.2 4.9 5.1 5.1Malaysia 1.4 1.3 1.4 2.6 2.4 2.6 2.0 2.0 2.1Pakistan 0.8 0.7 0.7 0.2 0.3 0.3 3.6 3.5 4.3Philippines 2.3 2.8 2.8 0.6 0.4 0.4 2.7 3.2 3.5Saudi Arabia 0.9 1.0 1.1 - - - 1.2 1.4 1.6Thailand 3.4 3.1 3.1 0.2 0.2 0.2 5.6 6.0 6.2Turkey 1.8 2.0 2.1 0.1 0.2 0.1 4.7 5.5 5.6Viet Nam 4.2 5.5 5.7 0.2 0.3 0.3 5.2 6.9 7.3

AFRICA 5.3 6.7 6.4 0.9 1.0 0.9 12.3 14.0 14.3Egypt 1.1 2.4 1.7 - - - 2.7 3.4 3.1South Africa 1.1 0.9 1.0 0.1 0.1 0.1 2.1 2.2 2.4

CENTRAL AMERICA 3.6 4.5 4.7 0.2 0.2 0.2 8.6 9.9 10.3Mexico 1.9 2.7 2.7 0.1 0.1 0.1 6.3 7.2 7.7

SOUTH AMERICA 5.4 5.4 5.8 46.1 52.3 53.1 27.1 29.2 32.4Argentina - - - 27.2 31.8 32.1 3.6 4.6 5.7Bolivia - - - 1.6 1.9 1.9 0.2 0.2 0.2Brazil - - - 13.9 14.6 15.0 16.2 16.7 18.2Chile 1.2 1.2 1.3 0.2 0.2 0.2 1.6 1.6 1.8Paraguay - - - 2.2 2.7 2.8 0.5 0.4 0.6Peru 0.9 1.1 1.2 0.8 0.7 1.0 1.2 1.5 1.6Uruguay 0.2 0.2 0.2 - - - 0.2 0.2 0.2Venezuela 1.3 0.9 1.0 - - - 1.4 1.3 1.3


EUROPE 30.0 30.7 30.9 7.5 7.9 8.8 64.8 69.5 70.5European Union 27.3 28.1 28.2 1.3 1.3 1.3 55.7 58.8 59.3Russian Federation 0.6 0.5 0.5 2.2 2.0 2.2 5.0 6.1 6.4Ukraine - - - 3.6 4.3 4.9 1.4 1.8 1.8

OCEANIA 2.9 3.1 3.2 0.3 0.3 0.3 3.6 4.0 4.0Australia 1.0 1.1 1.2 0.1 0.1 0.1 1.6 1.9 1.9


1 Expressed in product weight; includes meals and cakes derived from oilcrops as well as fish meal and other meals from animal origin

APPENDIX TABLE 12: TOTAL MEALS AND CAKES STATISTICS

Imports Exports Utilization

Statistica

l ap

pe

nd

ix


APPENDIX TABLE 23: SELECTED INTERNATIONAL PRICES FOR OILCROP PRODUCTS

International prices 1 FAO indices 7

Period Soybeans 2 Soybean oil 3 Palm oil 4 Soybean cake 5 Rapeseed

meal 6

Oilseeds Vegetable oils Oilcakes/meals

.............................................. (USD per tonne) .............................................. ................... (2002-2004=100) ................

Annual (Oct/Sept)

2004/05 275 545 419 212 130 104 103 101

2005/06 259 572 451 202 130 100 107 96

2006/07 335 772 684 264 184 129 150 128

2007/08 549 1325 1050 445 296 216 246 214

2008/09 422 826 627 385 196 157 146 179

2009/10 429 924 806 388 220 162 177 183

2010/11 549 1308 1147 418 279 214 259 200

2011/12 562 1235 1051 461 295 214 232 219

2012/13 563 1099 835 539 345 213 193 255

2013/14 521 949 867 534 324 194 189 253

2014/15 407 777 658 406 270 155 153 194

2015/16 396 773 655 351 232 151 155 168

Monthly

2015 - October 377 743 581 351 255 146 143 170

2015 - November 367 726 561 328 232 142 138 159

2015 - December 372 757 568 317 215 144 141 153

2016 - January 368 722 564 316 217 142 139 152

2016 - February 370 762 639 303 203 142 150 146

2016 - March 379 761 694 301 219 145 160 145

2016 - April 398 797 723 339 242 152 166 163

2016 - May 425 790 708 406 261 160 163 193

2016 - June 455 797 679 430 259 169 162 204

2016 - July 429 790 652 400 234 159 157 189

2016 - August 414 812 736 375 228 156 169 178

2016 - September 403 825 755 344 219 153 172 165

2016 - October 404 853 712 340 214 153 168 161

2016 - November 409 875 755 343 218 155 176 163

2016 - December 420 902 783 344 211 159 183 163

2017 - January 425 879 806 355 216 161 186 168

2017 - February 428 838 779 357 241 162 179 170

2017 - March 408 809 735 346 238 155 168 164

2017 - April 389 788 693 331 240 149 161 158

2017 - May 392 827 732 329 239 150 169 157

1 Spot prices for nearest forward shipment 2 Soybeans: US, No.2 yellow, c.i.f. Rotterdam.3 Soybean oil: Dutch, fob ex-mill.4 Palm oil: Crude, c.i.f. Northwest Europe.5 Soybean cake: Pellets, 44/45 percent, Argentina, c.i.f. Rotterdam.6 Rapeseed meal: 34 percent, Hamburg, f.o.b. ex-mill.7 The FAO indices are based on the international prices of five selected seeds, ten selected oils and five selected cakes and meals. The indices are calculated using the

Laspeyres formula; the weights used are the export values of each commodity for the 2002-2004 period.

Sources: FAO and Oil World.

Documents

Summary - fao.org · the middle of the 2016/17 season. Highly tentative projections for the 2017/18 season, which starts in October 2017, indicate that global oilseed production could