agriculture world markets and trade - cornell university · 2018-09-13 · agriculture foreign...

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United States Department of Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural Outlook Board/USDA May 2018 Global Oilseed Demand Growth Forecast to Outpace Production (Again) Global oilseed production is forecast to grow slightly in 2018/19. Soybean production is projected up, as Argentina is forecast to rebound from this year's drought, offsetting year-over- year declines in production of the United States. Rapeseed and sunflowerseed are both forecast to continue their growth in production. The palm kernel crop is expected higher in line with palm oil production. Peanut and cottonseed production are expected to decline. Global oilseed consumption is forecast to rise, led by growth in China’s soybean crush. Global soybean demand, measured by total domestic consumption, is expected to grow at a solid rate, slightly lower than production growth. Consumption of other oilseeds is expected up as well, with the exception of cottonseed where global supplies are reduced. Global oilseed trade is forecast up on higher demand from China. Global ending stocks are projected to fall, as lower carryin stocks coupled with increased consumption will result in lower ending stocks for 2018/19. While the ending stocks of palm kernel and rapeseed are expected to grow, all other oilseed stocks, led by cottonseed and peanuts, are expected to fall. 0 100 200 300 400 500 600 700 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19 Million Metric Tons Global Oilseed Production and Consumption Soybean Rapeseed Sunflowerseed Cottonseed Peanut Copra + Palm Kernel Domestic Consumption

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Page 1: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

United States Department of Agriculture Foreign Agricultural Service

Oilseeds: World Markets and Trade

Approved by the World Agricultural Outlook Board/USDA

May 2018

Global Oilseed Demand Growth Forecast to Outpace Production (Again)

Global oilseed production is forecast to grow slightly in 2018/19. Soybean production is projected up, as Argentina is forecast to rebound from this year's drought, offsetting year-over-year declines in production of the United States. Rapeseed and sunflowerseed are both forecast to continue their growth in production. The palm kernel crop is expected higher in line with palm oil production. Peanut and cottonseed production are expected to decline. Global oilseed consumption is forecast to rise, led by growth in China’s soybean crush. Global soybean demand, measured by total domestic consumption, is expected to grow at a solid rate, slightly lower than production growth. Consumption of other oilseeds is expected up as well, with the exception of cottonseed where global supplies are reduced. Global oilseed trade is forecast up on higher demand from China. Global ending stocks are projected to fall, as lower carryin stocks coupled with increased consumption will result in lower ending stocks for 2018/19. While the ending stocks of palm kernel and rapeseed are expected to grow, all other oilseed stocks, led by cottonseed and peanuts, are expected to fall.

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Global Oilseed Production and Consumption

Soybean Rapeseed Sunflowerseed

Cottonseed Peanut Copra + Palm Kernel

Domestic Consumption

Page 2: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Global protein meal production is expected to grow slightly in 2018/19, tempered by a slight decline in fish meal production. Global protein meal consumption is also forecast to rise, mainly driven by robust demand from China. Trade in protein meals is expected to grow as well, with soybean meal exports forecast up. Sunflowerseed meal exports are projected up sharply, while peanut meal exports are forecast to fall.

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Global Protein Meal Consumption

Meal, Soybean Meal, Rapeseed Meal, Sunflowerseed Meal, Cottonseed

Meal, Fish Meal, Peanut Meal, Palm Kernel Meal, Copra

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Global Vegetable Oil Production and Consumption

Oil, Palm Oil, Soybean Oil, Rapeseed Oil, Sunflowerseed

Oil, Cottonseed Oil, Olive Oil, Palm Kernel Oil, Peanut

Oil, Coconut Total Consumption

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 3: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Global vegetable oil production is expected to grow modestly, with all major oils forecast up except for olive oil. Palm, soybean, and palm kernel oil production are all expected to see a healthy jump on higher crop estimates. Strong soybean meal demand will spur higher crush volumes, resulting in higher soybean oil production. Both rapeseed oil and sunflowerseed oil are projected to experience modest growth. Global vegetable oil consumption for food is forecast to expand, reflecting growth in population and improved purchasing power in emerging economies. Growing food use will primarily be met by palm and soybean oil, followed by sunflowerseed and rapeseed oils. Global consumption of oils for industrial use is also forecast to increase, in line with growing biodiesel production in major markets. Global vegetable oil trade is expected to see a healthy increase, with strong growth in palm, soybean, and sunflowerseed oils, despite reductions in cottonseed, olive, and coconut oils. Global ending stocks are forecast to grow, led by a jump in palm oil stocks. Growing demand for “golden oils” is outpacing production, and will result in a drawdown of soybean and rapeseed oil stocks.

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Oil, Palm Oil, Soybean Oil, Rapeseed Oil, Sunflowerseed Oil, Palm Kernel

Oil, Olive Oil, Peanut Oil, Coconut Oil, Cottonseed

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 4: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

OVERVIEW 2018/19 Global oilseed production is forecast at 593.7 million tons, up nearly 4 percent. Soybean production is projected at 354.5 million tons, up 17.8 million tons, an increase of roughly 5 percent. Gains in Argentina and India more than offset reductions for the United States, Paraguay, and Canada. Rapeseed and sunflowerseed production is projected higher while small reductions are forecast for cottonseed and peanut. Soybean imports are forecast to rise, driven by strong global demand led by China. Brazil is expected to continue being the leading soybean exporter in 2018/19. Strong global demand for protein feed will boost crush, which in turn will pressure soybean stocks lower. Trade of soybean meal and soybean oil are both forecast to expand on growing global demand. The U.S. season-average farm price for soybeans is projected at $10.00 per bushel. 2017/18 Global oilseed production is raised slightly this month to 572.8 million tons. Larger soybean production estimates for Brazil, Paraguay, and the European Union more than offset a reduction for Argentina. Rapeseed production in India and the sunflowerseed crop in Ukraine, Moldova, and the European Union have been revised up. Peanut production estimates for Nigeria, Chad, and Tanzania have been raised as well, while the U.S. and Turkey cottonseed crops were revised lower. Global soybean exports are forecast higher this month on gains for Brazil, Paraguay, Russia, and Ukraine. Soybean imports have been boosted this month on larger shipments to Argentina, Egypt, the European Union, and Russia. Global soybean ending stocks are raised significantly this month, primarily reflecting a larger harvest in Brazil. The U.S. season-average farm price for soybeans is up $0.05 to $9.35 per bushel. SOYBEAN PRICES U.S. export bids in April, FOB Gulf, averaged $417/ton, up $8 from the previous month. In comparison, FOB Brazil Paranagua averaged $430/ton, up $16/ton from last month. FOB Argentina Up River averaged $421/ton, up $21 from last month. Prices have risen sharply in response to crop losses in Argentina. Strengthening soy meal prices and initial signs of an uptick in demand for U.S. supplies both added support. April prices have also been trending higher on growing U.S. supply concerns following the reduced planting intentions reported in the NASS Prospective Plantings report. In contrast, early May prices have been trending downwards, influenced by weakening exchange rates in Brazil and Argentina. For the week ending May 3, U.S. 2017/18 soybean export commitments (outstanding sales plus accumulated exports) to China totaled 28.7 million tons compared to 35.8 million a year ago. Total commitments to the world are 55.1 million tons, compared to 57.0 million for the same period last year.

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 5: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

 Source: International Grains Council. U.S. Prices: 2Y(Gulf). Brazil prices: Paranagua. Argentina: Up River.

Technical Notes and Historical Revisions Please note that due to a methodological change in coverage, the series of estimates of Other in the Palm Oil account of the PSD database has been updated this month. The changes are implemented from Market Year 2000/01 and onward.

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Export Prices (f.o.b.)

Argentina - Soyabeans Brazil - Soyabeans US - Soyabeans

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 6: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

2018/19 OUTLOOK SOYBEANS  

Global soybean production in 2018/19 is forecast to surge to 354.5 million tons, an increase of 17.8 million tons above the 2017/18 production estimate. This increase primarily reflects a recovering crop from the current drought in Argentina. Global harvested area is forecast to expand 3 percent, largely in South America and India, more than offsetting a marginal reduction in the United States. In the United States, lower harvested area, coupled with trend yields, is expected to result in a slight decline of production, but is still projected to be the third-largest on record. Acreage in South America1, which will be harvested in 2019, is forecast to rise 6 percent to 61.3 million hectares, with production reaching 188.5 million tons. Soybean production in China is virtually unchanged at 14.1 million tons, while production in India is projected to rebound to 10.8 million tons. Production in Ukraine is forecast to reach a record 4.5 million tons in response to continuing acreage expansion.

  

Despite the rebound in global production, total global soybean supply is projected to only rise 4 percent with lower carryin from 2017/18. Continued growth in global demand will likely push "disappearance" to exceed production, leading to stock drawdowns in the coming year. The global stocks/use ratio will fall slightly, but will remain at a healthy level. Global soybean imports are forecast to rise 5 percent in 2018/19, primarily in response to growth in China, Southeast Asia, the Middle East, and Mexico. Brazil and the United States will continue to be the main global soybean suppliers. Brazil’s soybean exports are projected to exceed those of the United States for the seventh year in a row.

                                                            1 South America is defined by Argentina, Bolivia, Brazil, Paraguay, and Uruguay.

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Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 7: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Global soybean meal imports are forecast to grow 3 percent in 2018/19, up from 2017/18 and following a rebound for Argentina. Growth in soybean meal imports is suppressed by growing trade of soybeans, as they compete in identical sectors. Argentina will continue to be the largest exporter of soybean meal. Exports for Brazil, the United States, Bolivia, and India are projected lower. Global soybean meal consumption is forecast to grow 5 percent, led by markets with growing livestock and poultry consumption, such as China, South and Southeast Asia, and the Middle East.

   Soybean oil exports are forecast to rise 3 percent in 2018/19 with total volume projected to reach

nearly 11.0 million tons. While competition with other vegetable oils will remain tight, global demand is also expected to grow in 2018/19, on improved affordability spurring food use, and expanding industrial consumption. Ending stocks will decline only slightly, but remain significantly below the 5-year average.

Highlights

o U.S. soybean exports are projected to rise 6.1 million tons to a record 62.3 million, while meal and oil exports are forecast slightly lower at 11.2 million and 953,000 tons, respectively.

o Argentina soybean exports are projected to surge to 8.0 million tons, meal exports are forecast to grow 1.5 million tons to 30.5 million, and oil is up 425,000 tons to 5.1 million.

o Brazil soybean exports are projected down 1.0 million tons to 72.3 million, meal exports are cut 100,000 tons to 15.5 million, and oil exports are expected slightly lower at 1.3 million tons.

o China soybean imports are projected up 6.0 million tons to 103.0 million, while meal exports remain stable at 1.0 million tons. Oil imports are forecast to decline 100,000 tons to 350,000.

o Egypt soybean imports are up 100,000 tons to 2.9 million while meal imports are expected to decline 100,000 tons to 1.0 million.

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Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 8: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

o European Union soybean imports are projected to rise 100,000 tons to 14.2 million with meal imports unchanged at 18.5 million. Oil imports are forecast almost unchanged at 250,000 tons while exports are expected to rise 50,000 tons to 800,000.

o India soybean oil imports are forecast to rise 200,000 tons to 3.6 million. Soybean meal exports are expected to decline 100,000 tons to 1.4 million.

o Pakistan soybean imports are forecast to grow 300,000 tons to 2.3 million. o Vietnam soybean and soybean meal imports are projected to grow 200,000 tons each to

2.0 and 5.0 million tons, respectively. RAPESEED  

Global rapeseed production in 2018/19 is projected to rise 1.1 million tons, nearly 2 percent more than in the current year. Production gains are forecast for Australia, the European Union, India, as well as a slight increase in both Ukraine and the United States. Crop projections for Canada and China are down. Global exports are forecast to rise modestly to a record level of 17.5 million tons, buoyed by strong demand from China. Global rapeseed crush is forecast to grow in the coming year, leading to increases in both rapeseed meal and oil output.

Highlights

o U.S. rapeseed imports are projected higher at 635,000 tons, meal imports are raised to 3.4 million tons, and oil is higher at 2.1 million tons.

o Australia rapeseed exports are boosted sharply to 3.0 million tons. Rapeseed oil exports are projected unchanged at 170,000 tons.

o Canada rapeseed exports are projected unchanged at 11.5 million tons, meal exports are up slightly to 4.9 million tons, while oil exports are down to 3.1 million tons.

o China rapeseed imports are projected to surge to 5.3 million tons, meal imports are lowered to 1.0 million tons, and oil imports are unchanged at 700,000 tons.

o European Union rapeseed imports are projected to decline slightly to 4.2 million tons while exports are expected to grow to 300,000 tons.

o Ukraine rapeseed exports are projected slightly higher at 2.2 million tons.

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 9: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

  SUNFLOWERSEED 

Global sunflowerseed production in 2018/19 is forecast at a record 49.8 million tons. Larger

crop projections for Ukraine, Russia, China, and Kazakhstan more than offset a smaller forecast for the European Union. Sunflowerseed area is expanding in Russia, Argentina, Turkey, India, Kazakhstan, and Moldova.

Projected higher yields for Russia and Ukraine will drive the sunflowerseed production to a new

record of 27.0 million tons, allowing both countries to collectively crush a record 26.0 million tons, up 10 percent. Global sunflowerseed crush is projected to grow 5 percent, in line with the growth in global demand for sunflowerseed meal and oil. Global sunflowerseed stocks at the end of 2018/19 are forecast to decline further, 22 percent below the 5-year average.

Global sunflowerseed meal imports are forecast to grow to 7.5 million tons, on strong demand

in the European Union, North Africa, and the Middle East. Sunflowerseed oil imports are forecast up at 8.6 million tons, the second-highest on record. This reflects strong demand in India, the European Union, China, North Africa, and the Middle East. Despite growing global production of sunflowerseed oil, rising consumption will keep stocks relatively tight.

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Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 10: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Highlights

o China sunflowerseed imports and exports are projected unchanged at 150,000 and 380,000 tons, respectively. Sunflowerseed meal and oil imports are forecast to grow to 100,000 and 900,000 tons, respectively.

o European Union sunflowerseed imports are forecast at 500,000 tons while exports are projected at 350,000 tons. Sunflowerseed meal imports are forecast to grow 200,000 tons to 4.0 million. Sunflowerseed oil imports and exports are projected unchanged at 1.5 million and 490,000 tons, respectively.

o Ukraine sunflowerseed exports are forecast unchanged at 50,000 tons. Sunflowerseed meal and oil exports are projected to reach new records of 5.1 and 5.8 million tons, respectively.

o Russia sunflowerseed exports are forecast to grow to 200,000 tons. Sunflowerseed meal exports are forecast to decline slightly to 1.3 million tons while oil exports are projected to grow to 2.2 million tons.

o India sunflowerseed oil imports are forecast to reach a new record of 2.2 million tons. o Turkey sunflowerseed imports are expected to reach 600,000 tons. Meal imports are

forecast at 980,000 tons and oil imports at 500,000 tons.

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Imports Feed Consumption Production

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EU-28 MENA India Russia China Turkey ROW

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 11: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

PEANUTS Global peanut production in 2018/19 is forecast down nearly 1.0 million tons to 44.6 million, as

area harvested in the United States and Senegal is projected to decline. While this would be the third-largest peanut production on record, lower output paired with healthy growth in global imports are expected to lead to a drawdown in global stocks by 23 percent. Argentina, India, China, and the United States are likely to remain the primary exporters, with export growth projected only for China. U.S. exports are projected to decline 8 percent, mainly on slowing demand from China as its 2018/19 crop is projected at a new record. The European Union will remain the world’s largest importer, followed by Indonesia.

Highlights

o U.S. exports are forecast to drop to 544,000 tons. o Argentina and India exports are unchanged at 740,000 and 850,000 tons, respectively. o China imports are forecast at 325,000 tons and exports are projected up 30,000 tons to

750,000. o European Union imports are 30,000 tons higher at 970,000. o Senegal exports are unchanged at 130,000 tons. o Vietnam imports are 20,000 tons higher at 270,000.

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Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 12: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

COTTONSEED 2018/19 global cottonseed production is projected at 44.3 million tons, down 1 percent from the

current year. Lower forecasts for the United States, Australia, and China are expected to more than offset gains in Pakistan and Turkey. Production projections for Brazil and India are unchanged from the current year. Lower output for major exporters is likely to curb shipments to major markets. With global consumption forecast slightly higher, stocks are down nearly 23 percent.

Highlights

o U.S. exports are projected down 45,000 tons to 386,000. o Australia cottonseed exports are forecast down 50,000 tons to 280,000. o Brazil exports are forecast at 40,000 tons, down 20,000. o China imports are projected to grow 20,000 tons to 200,000. o Mexico imports are forecast down 80,000 tons to 100,000. o Saudi Arabia imports are unchanged at 120,000 tons. o South Korea imports are expected to grow slightly to 165,000 tons while Japan imports

are projected to stay unchanged at 140,000.

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Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 13: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

OLIVE OIL Global olive oil production in 2018/19 is forecast at 3.1 million tons, down 4 percent. The

European Union remains the largest producer with over 70 percent of the world’s olive output. Production prospects in the European Union are expected to improve and reach over 2.2 million tons. Export growth is driving new investments in olive groves, including new plantations incorporating irrigation technology. Abundant rains through March 2018 will contribute to improved yields in Spain, while investments in irrigation ensure Portugal’s continued expansion. The higher production anticipated in these two countries offsets the projected decline in Italy. Stable production levels are forecast for Greece. Olive oil supplies in the European Union are forecast to be ample to meet domestic needs and to allow for export growth in 2018/19.

Olive oil exports are slightly down in 2018/19. Tunisia exports are projected down on lower supplies, while Turkey exports are likely to continue to grow on large carryin stocks.

Global extra virgin olive oil prices are likely to remain under pressure as exporters’ olive oil stocks are forecast to continue to recover.

Highlights

o U.S. imports are projected up slightly to 330,000 tons. o European Union exports are forecast to grow to 670,000 tons, while imports are

projected lower at 150,000 tons. o Tunisia exports are forecast to drop 70,000 tons to 140,000. o Turkey exports are projected to grow 30,000 tons to 90,000.

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Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 14: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

PALM OIL AND PALM KERNEL

Global palm oil production in 2018/19 is forecast to continue grow at a healthy pace as key exporters Malaysia and Indonesia expand acreage and production. Changing preferences in key markets, additional tariffs in key importers, and limited biodiesel demand growth add headwinds to global consumption, outweighing the improving price competitiveness of palm oil vis-à-vis other major vegetable oils. As such, growth in global production is expected to outpace growth in consumption, leading to record global stocks.

Highlights

o U.S. imports are up 55,000 tons to 1.6 million. o India imports are forecast up 900,000 tons to 11.5 million, while Bangladesh and

Pakistan are both up 150,000 tons to 1.8 million and 3.3 million, respectively. o Indonesia exports are forecast up 1.2 million tons to 29.2 million, while Malaysia is up

250,000 tons to 17.5 million.

Global palm kernel production in 2018/19 is forecast to rise, reflecting the expected growth in palm oil production. Palm kernel meal trade is forecast to rise slightly as well, with demand for industrial use of palm kernel hulls expected to continue. Leading importer New Zealand is forecast to grow slightly, while EU imports are expected to decline slightly. Japan imports are projected to grow based on their feed-in tariff and biomass policies. Palm kernel oil imports are unchanged despite higher availability from major producers.

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Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 15: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Highlights

o U.S. oil imports are slightly up to 425,000 tons. o China oil imports are flat at 580,000 tons. o European Union meal and oil imports remain steady at 2.0 million and 740,000 tons,

respectively. o Indonesia meal exports are up 100,000 tons to 4.7 million, and oil exports up 50,000 tons

to 1.9 million. o Malaysia meal and oil exports are unchanged at 2.4 million and 950,000 tons,

respectively. o New Zealand meal imports are unchanged at 2.3 million tons.

   

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Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 16: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

COPRA Global copra production in 2018/19 is forecast to rise 1.7 percent, due to improved yields

stemming from better practices and favorable weather. Copra meal production is projected to slightly increase, as higher production in the Philippines,

Mexico, and Vietnam is offset by lower output in India and Indonesia. Coconut oil production is up 1.5 percent, while global exports are projected to decline in

response to waning import demand. This is will lead to an increase in global ending stocks.

Highlights

o U.S. oil imports are up slightly to 465,000 tons, while the European Union remains the top global importer at 475,000 tons. Malaysia coconut oil imports are forecast to decline to 140,000 tons, while exports are unchanged at 110,000 tons.

o Indonesia oil exports are down 50,000 tons to 470,000, while meal exports remain unchanged at 240,000 tons.  

o Philippines oil exports are forecast to reach 1.0 million tons, on increasing production.

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Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 17: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

FISHMEAL

Global fishmeal production and exports are expected to decline slightly in 2018/19. Peru continues to be the largest producer and exporter, but the gap between it and secondary producers such as the European Union, Vietnam, and China has narrowed significantly. Peru continues to tightly manage its catch in light of concerns over sustainability. With rapid growth in aquaculture production around the world, the demand for aquafeed has expanded proportionately. Fishmeal is a key ingredient for that sector and must compete with soy meal's continuing emergence as an alternative protein source. Tight global supplies of fishmeal, however, will continue to provide support to prices and to be a limiting factor for further growth in fishmeal demand.

 

Highlights

o China imports remain constant at 1.0 million tons. o Peru exports rise 90,000 tons to 900,000.

0

0.5

1

1.5

2

2.5

3

3.5

2012/13 2013/14 2014/15 2015/16 2016/17 2017/18 2018/19

Imp

ort

s, M

illio

n M

T

Global Fishmeal Production and Consumption

China East and SE Asia EU + Other Europe

North and South America MENA Feed Use

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 18: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

2017/18 OUTLOOK CHANGES

Country Commodity Attribute Previous Current Change Reason

United States

Soybean Meal Exports 11,340 11,521 181 Increased opportunity provided by lower Argentina exports

Soybean Oil Exports 907 1,043 136

Argentina Soybean Meal Exports 29,500 29,000 -500 Reduced supply on lower crush

Soybean Oilseed Imports 2,400 3,100 700 Strong pace of trade from Paraguay

Brazil

Soybean Meal Exports 15,450 15,600 150 Opportunity provided by lower Argentina exports

Soybean Oilseed Exports 73,100 73,300 200 Increased supplies resulting from larger production estimate

China

Rapeseed Meal Imports 950 1,150 200 Stronger import pace from Canada

Soybean Meal Exports 1,200 1,000 -200 Weaker trade pace primarily to Japan

Palm Oil Imports 4,800 4,900 100 Growing imports from Indonesia

Rapeseed Oil Imports 800 700 -100 Slower pace of trade from Canada

Rapeseed Oilseed Imports 4,700 4,550 -150 Weaker than expected trade to date

Colombia Palm Oil Exports 650 500 -150 Slow Q1 trade pace

Egypt Soybean Meal Imports 1,200 1,100 -100 Larger crush reduces import needs

Soybean Oilseed Imports 2,600 2,800 200 Growing trend in crush

European Union

Soybean Meal Imports 18,900 18,500 -400 Weaker pace on reduced Argentine supplies

Soybean Oilseed Imports 14,000 14,100 100 Stronger pace in Q2 of the marketing year

India Soybean Meal Exports 1,600 1,500 -100 Slow trade pace resulting from lower regional demand

Paraguay Soybean Oilseed Exports 5,800 6,250 450 Strong export pace to Argentina

Russia

Soybean Oilseed

Imports 600 700 100 Pace of trade

Exports 2,200 2,300 100 Growing exports of non-biotech soybeans to China

Rapeseed Meal Exports 240 140 -100 Stronger domestic demand limits exportable supplies

South Africa

Soybean Meal Imports 595 495 -100 Larger supplies available for domestic use

Turkey

Sunflowerseed Oil Exports 450 350 -100 Reduced supplies and larger domestic use

Sunflowerseed Oilseed

Imports 550 650 100 Lower domestic production and stronger domestic demand

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 19: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Country Commodity Attribute Previous Current Change Reason

Ukraine

Sunflowerseed Meal

Exports 4,500 4,600 100 Increased availability with larger crush and seed production

Sunflowerseed Oil Exports 5,000 5,300 300 Larger supplies and stronger export pace

Soybean Oilseed Exports 2,500 2,600 100 Stronger exports to the EU

Vietnam

Soybean Meal Imports 5,050 4,800 -250 Slower than expected demand growth

Soybean Oilseed Imports 1,900 1,800 -100 Week early marketing year pace of trade.

Note: All figures are in thousand metric tons.

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 20: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Questions may be directed to:

Bill George (202) 720-6234 [email protected] Agata Kingsbury (202) 260-8910 [email protected] Justin Choe (202) 690-4062 [email protected] Christine Mumma (202) 720-6369 [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. 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/  

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 21: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

List of Tables SUMMARY TABLES

Table 01 Major Oilseeds: World Supply and Distribution (Commodity View) Table 02 Major Protein Meals: World Supply and Distribution (Commodity View) Table 03 Major Vegetable Oils: World Supply and Distribution (Commodity View) Table 04 Major Oilseeds: World Supply and Distribution (Country View) Table 05 Major Protein Meals: World Supply and Distribution (Country View) Table 06 Major Vegetable Oils: World Supply and Distribution (Country View) COMMODITY TABLES

Table 07 Soybeans: World Supply and Distribution Table 08 Soybean Meal: World Supply and Distribution Table 09 Soybean Oil: World Supply and Distribution Table 10 Soybeans and Products: World Trade Table 11 Palm Oil: World Supply and Distribution Table 12 Rapeseed and Products: World Supply and Distribution Table 13 Sunflowerseed and Products: World Supply and Distribution Table 14 Minor Vegetable Oils: World Supply and Distribution HISTORICAL TABLES

Table 15 World Oilseeds and Products Supply and Distribution Table 16 World Soybeans and Products Supply and Distribution Table 17 World Rapeseed and Products Supply and Distribution Table 18 World Sunflowerseed and Products Supply and Distribution Table 19 World Palm Oil, Coconut Oil, and Fish Meal Supply and Distribution COUNTRY TABLES

Table 20 United States Oilseeds and Products Supply and Distribution Local Marketing Years Table 21 United States Soybeans and Products Supply and Distribution Local Marketing Years Table 22 Brazil Soybeans and Products Supply and Distribution Local Marketing Years Table 23 Argentina Soybeans and Products Supply and Distribution Local Marketing Years Table 24 South East Asia Oilseeds and Products Supply and Distribution Table 25 Middle East Oilseeds and Products Supply and Distribution Table 26 European Union Oilseeds and Products Supply and Distribution Table 27 China Oilseeds and Products Supply and Distribution Table 28 India Oilseeds and Products Supply and Distribution PRICES

Table 29 Oilseed Prices Table 30 Protein Meal Prices Table 31 Vegetable Oil Prices

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 22: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

Million Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

none

Production none

5.43 Oilseed, Copra 5.42 5.32 5.51 5.73 5.83

45.04 Oilseed, Cottonseed 44.37 35.79 39.10 44.68 44.29

15.97 Oilseed, Palm Kernel 16.57 15.96 17.36 18.61 19.19

42.58 Oilseed, Peanut 42.13 41.71 44.86 45.58 44.60

71.53 Oilseed, Rapeseed 71.29 69.81 71.12 74.28 75.43

282.71 Oilseed, Soybean 319.91 313.58 350.34 336.70 354.54

41.51 Oilseed, Sunflowerseed 39.17 40.24 47.82 47.20 49.85

504.76 Total 538.86 522.41 576.11 572.79 593.72

none

Imports none

0.09 Oilseed, Copra 0.10 0.13 0.11 0.12 0.10

0.78 Oilseed, Cottonseed 0.68 0.68 0.97 0.94 0.88

0.06 Oilseed, Palm Kernel 0.07 0.06 0.06 0.07 0.07

2.38 Oilseed, Peanut 2.52 3.31 3.12 3.20 3.30

15.55 Oilseed, Rapeseed 14.32 14.42 15.64 16.42 17.22

113.07 Oilseed, Soybean 124.36 133.33 144.32 152.63 159.54

1.62 Oilseed, Sunflowerseed 1.56 1.87 2.17 2.20 2.09

133.56 Total 143.60 153.79 166.40 175.58 183.19

none

Exports none

0.11 Oilseed, Copra 0.11 0.13 0.14 0.13 0.14

0.94 Oilseed, Cottonseed 0.72 0.71 0.89 1.04 0.95

0.04 Oilseed, Palm Kernel 0.04 0.04 0.08 0.05 0.05

2.90 Oilseed, Peanut 3.33 3.54 3.74 3.69 3.67

15.10 Oilseed, Rapeseed 15.11 14.35 15.80 16.65 17.49

112.72 Oilseed, Soybean 126.22 132.51 147.54 151.26 161.82

1.96 Oilseed, Sunflowerseed 1.66 2.01 2.44 2.32 2.23

133.77 Total 147.18 153.29 170.63 175.13 186.35

none

Crush none

5.41 Oilseed, Copra 5.38 5.30 5.45 5.70 5.78

34.22 Oilseed, Cottonseed 33.81 28.39 29.19 33.53 34.39

15.88 Oilseed, Palm Kernel 16.51 15.88 17.22 18.51 19.08

17.72 Oilseed, Peanut 16.81 16.93 18.34 18.54 18.75

66.74 Oilseed, Rapeseed 67.40 67.82 68.99 70.19 72.12

242.78 Oilseed, Soybean 264.81 275.02 287.81 299.39 313.34

36.97 Oilseed, Sunflowerseed 35.62 36.64 43.03 43.65 45.94

419.71 Total 440.34 445.98 470.03 489.50 509.38

none

Ending Stocks none

0.11 Oilseed, Copra 0.10 0.08 0.07 0.08 0.07

1.78 Oilseed, Cottonseed 1.66 0.90 1.43 1.90 1.46

0.29 Oilseed, Palm Kernel 0.26 0.24 0.24 0.24 0.26

3.98 Oilseed, Peanut 4.23 3.55 3.55 3.77 2.88

7.53 Oilseed, Rapeseed 7.59 6.61 5.53 6.50 6.52

62.47 Oilseed, Soybean 77.91 78.39 96.39 92.16 86.70

3.30 Oilseed, Sunflowerseed 2.90 2.35 2.92 2.44 2.16

79.47 Total 94.65 92.12 110.13 107.08 100.05

Totals may not add due to rounding

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 23: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

Million Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

none

Production none

1.80 Meal, Copra 1.80 1.77 1.81 1.92 1.93

15.71 Meal, Cottonseed 15.54 13.08 13.45 15.48 15.82

4.45 Meal, Fish 4.69 4.51 4.88 4.63 4.60

8.30 Meal, Palm Kernel 8.60 8.31 8.95 9.63 9.91

7.07 Meal, Peanut 6.68 6.72 7.31 7.39 7.48

38.71 Meal, Rapeseed 38.98 39.35 39.89 40.61 41.74

190.39 Meal, Soybean 208.52 215.86 225.87 235.31 246.36

16.83 Meal, Sunflowerseed 16.16 16.50 19.33 19.73 20.65

283.26 Total 300.96 306.09 321.49 334.69 348.48

none

Imports none

0.70 Meal, Copra 0.67 0.56 0.47 0.51 0.51

0.35 Meal, Cottonseed 0.25 0.21 0.24 0.23 0.23

2.74 Meal, Fish 2.50 2.46 3.06 2.44 2.45

6.44 Meal, Palm Kernel 6.83 6.41 7.58 7.52 7.68

0.10 Meal, Peanut 0.03 0.02 0.13 0.07 0.07

6.50 Meal, Rapeseed 5.99 5.70 5.90 5.93 6.01

57.77 Meal, Soybean 60.69 61.76 60.53 60.88 62.53

5.76 Meal, Sunflowerseed 5.53 5.95 6.95 7.18 7.54

80.36 Total 82.49 83.08 84.85 84.74 87.03

none

Exports none

0.72 Meal, Copra 0.73 0.59 0.48 0.59 0.60

0.38 Meal, Cottonseed 0.32 0.25 0.34 0.36 0.37

2.47 Meal, Fish 2.28 2.21 2.51 2.25 2.31

6.38 Meal, Palm Kernel 6.46 6.38 6.74 7.12 7.23

0.13 Meal, Peanut 0.05 0.05 0.16 0.10 0.09

6.35 Meal, Rapeseed 6.07 5.69 6.03 6.14 6.23

60.65 Meal, Soybean 64.40 65.50 64.50 64.81 65.82

6.22 Meal, Sunflowerseed 5.87 6.23 7.44 7.35 7.74

83.31 Total 86.18 86.91 88.19 88.72 90.38

none

Domestic Consumption none

1.78 Meal, Copra 1.72 1.73 1.78 1.80 1.83

15.68 Meal, Cottonseed 15.48 13.19 13.33 15.34 15.69

4.94 Meal, Fish 4.87 4.75 5.45 4.79 4.80

8.15 Meal, Palm Kernel 8.93 8.40 9.78 9.88 10.12

7.03 Meal, Peanut 6.65 6.66 7.31 7.36 7.46

38.91 Meal, Rapeseed 38.85 39.25 39.86 40.58 41.52

186.54 Meal, Soybean 201.56 212.96 222.02 232.90 243.22

15.75 Meal, Sunflowerseed 15.58 16.18 19.10 19.89 20.57

278.77 Total 293.64 303.11 318.63 332.54 345.21

none

Ending Stocks none

0.11 Meal, Copra 0.13 0.13 0.15 0.18 0.19

0.22 Meal, Cottonseed 0.22 0.07 0.08 0.09 0.08

0.23 Meal, Fish 0.26 0.27 0.25 0.27 0.22

0.59 Meal, Palm Kernel 0.63 0.58 0.58 0.73 0.97

0.03 Meal, Peanut 0.03 0.06 0.03 0.03 0.03

0.92 Meal, Rapeseed 0.98 1.10 0.99 0.81 0.82

10.81 Meal, Soybean 14.05 13.21 13.09 11.57 11.42

1.42 Meal, Sunflowerseed 1.66 1.69 1.43 1.09 0.98

14.33 Total 17.96 17.11 16.62 14.78 14.71

Totals may not add due to rounding

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 24: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

Million Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

none

Production none

3.38 Oil, Coconut 3.37 3.32 3.39 3.54 3.60

5.16 Oil, Cottonseed 5.12 4.29 4.42 5.08 5.22

3.20 Oil, Olive 2.40 3.13 2.48 3.26 3.15

59.19 Oil, Palm 61.76 58.95 65.27 69.72 72.58

7.08 Oil, Palm Kernel 7.32 7.00 7.63 8.15 8.40

5.73 Oil, Peanut 5.44 5.48 5.94 6.00 6.08

27.21 Oil, Rapeseed 27.53 27.78 28.20 28.75 29.52

45.22 Oil, Soybean 49.30 51.53 53.79 55.76 58.35

15.63 Oil, Sunflowerseed 14.96 15.38 18.17 18.35 19.32

171.81 Total 177.19 176.86 189.29 198.62 206.21

none

Imports none

1.74 Oil, Coconut 1.82 1.61 1.50 1.48 1.47

0.08 Oil, Cottonseed 0.07 0.05 0.05 0.05 0.04

0.73 Oil, Olive 0.90 0.79 0.79 0.88 0.87

41.64 Oil, Palm 44.47 42.37 45.48 47.09 49.04

2.50 Oil, Palm Kernel 3.06 2.63 2.69 2.76 2.76

0.19 Oil, Peanut 0.25 0.25 0.23 0.24 0.23

3.82 Oil, Rapeseed 3.95 4.13 4.40 4.39 4.49

9.27 Oil, Soybean 10.03 11.64 10.85 10.23 10.58

6.96 Oil, Sunflowerseed 6.18 7.02 8.90 8.08 8.64

66.94 Total 70.73 70.49 74.88 75.19 78.11

none

Exports none

1.92 Oil, Coconut 1.94 1.58 1.73 1.69 1.69

0.14 Oil, Cottonseed 0.14 0.06 0.07 0.09 0.08

0.84 Oil, Olive 0.99 0.87 0.88 1.00 0.99

43.23 Oil, Palm 47.39 43.74 48.91 50.15 51.74

2.88 Oil, Palm Kernel 3.23 3.02 3.08 3.19 3.24

0.22 Oil, Peanut 0.26 0.26 0.27 0.28 0.29

3.83 Oil, Rapeseed 4.07 4.17 4.53 4.61 4.67

9.42 Oil, Soybean 11.12 11.77 11.26 10.66 10.96

7.78 Oil, Sunflowerseed 7.38 8.10 10.40 9.49 10.05

70.26 Total 76.52 73.58 81.13 81.14 83.71

none

Domestic Consumption none

3.34 Oil, Coconut 3.29 3.26 3.21 3.23 3.26

5.09 Oil, Cottonseed 5.06 4.40 4.39 5.01 5.18

2.95 Oil, Olive 2.65 2.81 2.59 2.86 3.00

57.30 Oil, Palm 58.20 58.90 61.65 65.04 68.07

6.59 Oil, Palm Kernel 7.21 6.81 7.15 7.56 7.86

5.68 Oil, Peanut 5.50 5.46 5.83 5.99 6.06

26.08 Oil, Rapeseed 27.14 28.28 29.04 29.12 29.51

45.26 Oil, Soybean 47.78 52.08 53.59 55.63 57.92

14.14 Oil, Sunflowerseed 14.11 15.23 16.67 17.08 17.76

166.43 Total 170.95 177.24 184.11 191.51 198.63

none

Ending Stocks none

0.33 Oil, Coconut 0.29 0.38 0.34 0.45 0.56

0.23 Oil, Cottonseed 0.22 0.10 0.10 0.13 0.13

0.66 Oil, Olive 0.31 0.53 0.34 0.62 0.66

9.55 Oil, Palm 10.18 8.87 9.06 10.69 12.49

0.94 Oil, Palm Kernel 0.87 0.68 0.75 0.92 0.97

0.24 Oil, Peanut 0.17 0.17 0.25 0.21 0.18

5.54 Oil, Rapeseed 5.81 5.27 4.31 3.72 3.55

3.92 Oil, Soybean 4.36 3.68 3.48 3.18 3.23

2.96 Oil, Sunflowerseed 2.60 1.67 1.66 1.52 1.66

24.37 Total 24.82 21.35 20.28 21.44 23.43

Totals may not add due to rounding

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 25: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

Million Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

Production none

99.02 United States 116.03 115.88 126.94 131.03 127.29

90.01 Brazil 100.15 99.02 117.09 120.63 120.68

57.03 Argentina 66.26 60.80 62.82 43.62 60.91

58.64 China 57.66 54.45 56.53 60.32 60.25

36.86 India 32.28 29.37 37.26 34.50 36.52

163.21 Other 166.48 162.88 175.48 182.69 188.07

504.76 Total 538.86 522.41 576.11 572.79 593.72

Imports none

75.58 China 83.15 87.93 98.42 102.18 108.98

18.01 European Union 17.35 20.14 19.28 19.91 19.89

5.58 Mexico 5.73 5.82 6.03 6.76 7.00

5.49 Japan 5.70 5.78 5.79 5.96 6.01

1.15 Pakistan 1.67 2.62 2.79 3.21 3.51

1.89 Thailand 2.51 2.91 3.18 3.26 3.33

2.55 Indonesia 2.25 2.52 3.00 3.06 3.22

2.40 Turkey 3.12 2.98 3.01 2.99 3.14

1.76 Egypt 2.01 1.37 2.18 2.91 2.97

2.23 Russia 2.24 2.65 2.60 2.56 2.66

16.92 Other 17.86 19.07 20.13 22.79 22.49

133.56 Total 143.60 153.79 166.40 175.58 183.19

Exports none

46.99 Brazil 50.85 54.65 63.37 73.61 72.59

45.57 United States 51.12 53.96 60.28 57.46 63.46

12.69 Canada 13.01 14.55 15.64 17.03 17.33

8.59 Argentina 11.56 11.21 7.88 5.07 8.87

4.86 Paraguay 4.62 5.41 6.13 6.26 5.91

3.57 Ukraine 4.43 3.89 4.13 4.75 5.20

3.07 Australia 2.92 2.23 3.42 2.69 3.29

8.41 Other 8.67 7.40 9.78 8.26 9.71

133.77 Total 147.18 153.29 170.63 175.13 186.35

Crush none

107.63 China 112.09 117.80 124.52 134.30 141.98

51.46 United States 55.11 55.06 56.26 58.50 58.88

44.97 European Union 47.84 46.74 46.97 48.73 48.93

38.79 Argentina 43.39 46.37 46.72 44.60 47.87

39.71 Brazil 42.94 41.85 43.40 45.95 46.26

28.91 India 25.15 22.70 27.61 26.83 28.43

13.05 Russia 13.08 13.59 15.40 15.90 17.10

12.16 Ukraine 11.45 12.93 15.58 14.70 16.30

9.64 Indonesia 10.25 10.02 10.98 11.58 11.95

8.50 Canada 9.15 10.32 11.14 11.15 11.30

6.08 Mexico 6.41 6.49 6.73 7.53 7.89

5.11 Pakistan 5.96 5.58 5.88 6.55 7.20

5.53 Malaysia 5.56 5.21 5.38 5.89 5.99

4.40 Japan 4.66 4.73 4.86 4.83 4.83

3.45 Turkey 4.30 3.68 4.05 4.46 4.70

40.33 Other 43.02 42.93 44.56 48.01 49.80

419.71 Total 440.34 445.98 470.03 489.50 509.38

Ending Stocks none

26.61 Argentina 33.37 32.51 37.49 29.59 30.36

16.00 Brazil 19.21 18.67 25.61 23.04 21.36

14.98 China 18.60 18.32 21.93 22.01 20.46

3.95 United States 6.76 6.87 9.60 16.47 13.15

4.22 European Union 3.85 4.15 2.79 3.24 3.07

13.70 Other 12.86 11.61 12.71 12.73 11.66

79.47 Total 94.65 92.12 110.13 107.08 100.05

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

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 26: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

Million Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

Production none

74.75 China 78.57 83.55 88.77 95.60 101.53

39.29 United States 43.21 42.78 43.11 45.14 45.42

29.10 Argentina 32.29 34.51 34.72 32.81 35.31

29.88 Brazil 32.48 31.74 32.84 34.79 34.99

28.72 European Union 30.63 30.16 30.17 31.26 31.38

81.52 Other 83.78 83.35 91.88 95.10 99.85

283.26 Total 300.96 306.09 321.49 334.69 348.48

Imports none

24.62 European Union 25.82 25.40 25.02 24.64 24.85

3.94 Vietnam 4.97 5.71 5.67 5.49 5.70

4.03 Indonesia 4.04 4.20 4.34 4.49 4.70

3.80 United States 3.87 4.08 3.92 3.77 3.79

3.14 Thailand 3.65 2.98 3.32 3.40 3.44

3.68 Korea, South 3.42 3.39 3.03 3.17 3.26

2.52 Japan 2.31 2.60 2.93 3.03 3.13

34.63 Other 34.39 34.72 36.61 36.76 38.16

80.36 Total 82.49 83.08 84.85 84.74 87.03

Exports none

25.38 Argentina 29.19 31.09 32.13 29.88 31.40

13.95 Brazil 14.29 15.41 13.76 15.60 15.50

10.80 United States 12.14 11.18 10.83 11.88 11.61

3.81 Ukraine 3.74 4.35 5.19 5.00 5.52

3.67 Canada 3.86 4.44 4.98 5.10 5.16

3.93 Indonesia 4.28 4.12 4.51 4.79 4.89

2.43 Paraguay 2.59 2.56 2.41 2.43 2.58

19.33 Other 16.09 13.77 14.39 14.03 13.71

83.31 Total 86.18 86.91 88.19 88.72 90.38

Domestic Consumption none

74.78 China 78.73 83.33 90.79 97.29 103.09

51.87 European Union 54.24 54.30 54.65 54.83 55.03

32.31 United States 34.94 35.69 36.07 37.10 37.60

16.43 Brazil 16.88 17.46 18.12 18.87 19.59

12.19 India 12.17 12.88 13.92 14.69 15.34

4.62 Russia 5.32 5.87 6.62 7.25 7.91

5.83 Mexico 6.37 6.97 7.06 7.44 7.71

5.24 Vietnam 5.85 6.47 6.84 7.04 7.24

5.44 Japan 5.54 5.87 6.29 6.41 6.46

5.26 Thailand 5.32 5.37 5.43 5.51 5.70

64.81 Other 68.28 68.91 72.84 76.12 79.56

278.77 Total 293.64 303.11 318.63 332.54 345.21

SME none

69.74 China 73.80 78.55 86.01 91.91 97.62

44.11 European Union 46.36 46.60 46.73 46.79 46.90

30.92 United States 33.56 34.28 34.65 35.78 36.20

16.16 Brazil 16.64 17.26 17.88 18.59 19.30

10.57 India 10.62 11.00 11.91 12.59 13.20

5.44 Mexico 5.97 6.57 6.66 6.99 7.22

5.05 Vietnam 5.63 6.23 6.55 6.76 6.96

71.45 Other 75.22 76.97 80.59 84.11 87.99

253.43 Total 267.80 277.48 290.98 303.52 315.38

Ending Stocks none

2.49 Brazil 3.82 2.72 3.71 4.06 3.99

4.27 Argentina 4.26 4.34 3.39 2.57 2.51

0.84 European Union 1.76 1.83 1.06 0.88 0.91

0.58 Indonesia 0.54 0.57 0.55 0.60 0.77

0.47 Malaysia 0.55 0.36 0.37 0.51 0.57

5.68 Other 7.03 7.29 7.53 6.16 5.96

14.33 Total 17.96 17.11 16.62 14.78 14.71

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

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 27: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

Million Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

Production none

35.02 Indonesia 37.78 36.68 41.10 43.83 45.97

24.31 China 25.04 26.27 27.45 29.32 30.84

22.59 Malaysia 22.27 19.85 21.13 22.95 23.51

18.24 European Union 18.08 18.42 18.07 19.13 19.25

10.43 United States 10.94 11.21 11.43 11.73 11.90

7.84 Argentina 8.97 9.69 9.82 9.48 10.11

8.00 Brazil 8.65 8.46 8.82 9.33 9.41

45.39 Other 45.47 46.28 51.47 52.87 55.22

171.81 Total 177.19 176.86 189.29 198.62 206.21

Imports none

11.50 India 14.14 15.11 15.43 16.37 17.74

9.98 European Union 9.88 9.97 10.91 9.80 9.84

9.10 China 8.63 7.77 8.00 7.67 7.77

4.02 United States 4.23 4.53 4.73 4.97 5.12

2.84 Pakistan 2.98 2.91 3.28 3.23 3.36

1.68 Bangladesh 1.79 2.15 2.15 2.38 2.55

2.08 Egypt 2.25 2.04 2.16 2.06 2.08

0.75 Philippines 0.87 1.05 1.30 1.21 1.31

1.46 Turkey 1.53 1.41 1.50 1.28 1.30

1.60 Iran 1.14 0.99 1.27 1.23 1.25

21.92 Other 23.30 22.55 24.15 24.99 25.80

66.94 Total 70.73 70.49 74.88 75.19 78.11

Exports none

23.94 Indonesia 28.51 25.19 29.86 30.32 31.52

18.75 Malaysia 18.84 17.85 17.46 18.45 18.70

4.36 Ukraine 4.12 4.81 6.11 5.53 6.03

4.55 Argentina 5.72 6.41 6.28 5.56 5.95

2.45 Canada 2.54 2.93 3.32 3.34 3.26

2.46 Russia 2.23 2.23 2.98 3.00 3.14

2.31 European Union 2.48 2.48 2.42 2.30 2.47

11.45 Other 12.08 11.66 12.69 12.66 12.64

70.26 Total 76.52 73.58 81.13 81.14 83.71

Domestic Consumption none

32.77 China 33.66 34.88 36.10 37.33 38.56

25.35 European Union 25.81 26.06 26.39 26.34 26.52

18.66 India 20.05 20.95 22.31 23.53 24.79

13.50 United States 13.68 14.57 14.72 15.31 15.84

11.05 Indonesia 9.90 11.35 11.86 12.44 13.33

7.00 Brazil 7.52 7.54 7.92 8.32 8.46

4.36 Malaysia 4.56 4.53 4.29 4.81 5.16

3.77 Pakistan 4.15 4.25 4.45 4.67 4.87

3.53 Argentina 3.11 3.56 3.71 3.99 4.17

3.16 Russia 3.24 3.31 3.40 3.49 3.62

2.32 Thailand 2.49 2.44 2.77 3.09 3.26

2.44 Mexico 2.56 2.65 2.77 2.93 3.04

1.90 Bangladesh 2.08 2.37 2.49 2.74 2.93

2.38 Egypt 2.48 2.47 2.50 2.55 2.61

2.33 Japan 2.36 2.36 2.42 2.49 2.55

31.91 Other 33.32 33.96 36.01 37.48 38.91

166.43 Total 170.95 177.24 184.11 191.51 198.63

Ending Stocks none

3.61 Indonesia 3.02 3.20 2.63 3.74 4.90

2.45 Malaysia 3.00 1.83 2.29 3.25 4.09

5.33 China 5.20 4.25 3.44 2.87 2.71

2.19 European Union 1.86 1.70 1.86 2.15 2.25

0.97 United States 1.29 1.20 1.23 1.32 1.28

9.82 Other 10.46 9.18 8.83 8.11 8.21

24.37 Total 24.82 21.35 20.28 21.44 23.43

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

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 28: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

Production none

86,700 Brazil 97,200 96,500 114,100 117,000 117,000

91,389 United States 106,878 106,857 116,920 119,518 116,483

53,400 Argentina 61,400 56,800 57,800 39,000 56,000

11,951 China 12,154 11,785 12,900 14,200 14,100

9,477 India 8,711 6,929 11,000 9,000 10,800

8,190 Paraguay 8,154 9,217 10,200 10,000 9,800

5,356 Canada 6,045 6,456 6,597 8,000 7,800

16,249 Other 19,365 19,031 20,824 19,981 22,557

282,712 Total 319,907 313,575 350,341 336,699 354,540

Imports none

70,364 China 78,350 83,230 93,495 97,000 103,000

13,293 European Union 13,914 15,120 13,422 14,100 14,200

3,842 Mexico 3,819 4,126 4,126 4,400 4,650

2,894 Japan 3,004 3,186 3,175 3,250 3,250

1,798 Thailand 2,411 2,798 3,077 3,150 3,225

1,694 Egypt 1,947 1,300 2,115 2,800 2,900

2,241 Indonesia 2,006 2,274 2,649 2,700 2,850

2,335 Taiwan 2,520 2,476 2,566 2,550 2,550

1,608 Turkey 2,197 2,283 2,271 2,300 2,500

2,048 Russia 1,986 2,336 2,221 2,300 2,400

10,951 Other 12,208 14,204 15,207 18,083 18,019

113,068 Total 124,362 133,333 144,324 152,633 159,544

Exports none

46,829 Brazil 50,612 54,383 63,137 73,300 72,300

44,594 United States 50,143 52,860 59,157 56,200 62,324

7,842 Argentina 10,575 9,922 7,026 4,200 8,000

4,844 Paraguay 4,576 5,400 6,129 6,250 5,900

3,469 Canada 3,763 4,236 4,591 5,500 5,800

5,144 Other 6,548 5,705 7,502 5,813 7,499

112,722 Total 126,217 132,506 147,542 151,263 161,823

Crush none

68,850 China 74,500 81,500 88,000 95,000 102,000

47,192 United States 50,975 51,335 51,742 54,159 54,295

36,173 Argentina 40,235 43,267 43,303 40,725 44,000

36,861 Brazil 40,435 39,747 40,900 43,000 43,200

13,100 European Union 14,450 14,950 14,400 14,900 14,900

8,700 India 7,700 5,500 9,000 8,200 9,100

3,300 Russia 3,600 4,000 4,400 4,700 5,100

4,030 Mexico 4,175 4,400 4,600 4,870 5,050

3,550 Paraguay 3,700 3,800 3,750 3,700 3,950

1,680 Egypt 1,950 1,150 2,200 2,600 3,000

440 Iran 1,450 1,950 2,050 2,300 2,420

2,250 Bolivia 2,450 2,550 2,050 2,550 2,350

1,969 Japan 2,150 2,283 2,392 2,350 2,300

11 Pakistan 500 1,250 1,680 2,000 2,300

1,925 Taiwan 1,980 1,980 2,045 2,080 2,100

12,752 Other 14,560 15,362 15,293 16,256 17,272

242,783 Total 264,810 275,024 287,805 299,390 313,337

Ending Stocks none

25,271 Argentina 31,700 31,600 36,220 28,775 29,685

15,820 Brazil 19,078 18,558 25,473 22,873 21,200

13,848 China 17,009 16,910 20,391 20,641 19,191

2,504 United States 5,188 5,354 8,208 14,430 11,293

1,253 European Union 843 1,559 1,131 1,073 1,173

3,777 Other 4,096 4,406 4,965 4,372 4,161

62,473 Total 77,914 78,387 96,388 92,164 86,703

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.

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 29: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 08: Soybean Meal: World Supply and Distribution

Thousand Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

Production none

54,531 China 59,004 64,548 69,696 75,240 80,784

36,909 United States 40,880 40,525 40,630 42,728 42,864

27,892 Argentina 30,928 33,211 33,280 31,155 33,660

28,540 Brazil 31,300 30,750 31,660 33,400 33,553

10,349 European Union 11,416 11,811 11,376 11,771 11,771

6,960 India 6,160 4,400 7,200 6,560 7,280

2,600 Russia 2,837 3,152 3,467 3,704 4,019

22,609 Other 25,997 27,465 28,563 30,752 32,428

190,390 Total 208,522 215,862 225,872 235,310 246,359

Imports none

18,137 European Union 19,623 19,207 18,924 18,500 18,500

3,344 Vietnam 4,311 5,094 4,945 4,800 5,000

3,806 Indonesia 3,902 4,103 4,245 4,400 4,600

2,665 Thailand 3,068 2,433 2,782 2,850 2,880

2,335 Philippines 2,204 2,618 2,660 2,750 2,850

1,410 Mexico 1,795 2,367 1,991 2,100 2,100

1,825 Korea, South 1,751 2,118 1,764 1,800 1,900

1,976 Japan 1,699 1,721 1,621 1,650 1,650

1,036 Colombia 1,148 1,206 1,284 1,425 1,500

1,397 Malaysia 1,465 1,291 1,427 1,525 1,500

19,836 Other 19,719 19,600 18,887 19,078 20,054

57,767 Total 60,685 61,758 60,530 60,878 62,534

Exports none

24,972 Argentina 28,575 30,333 31,323 29,000 30,500

13,948 Brazil 14,290 15,407 13,762 15,600 15,500

10,504 United States 11,891 10,844 10,524 11,521 11,249

2,428 Paraguay 2,569 2,552 2,407 2,430 2,580

1,608 Bolivia 1,674 1,726 1,264 1,690 1,550

7,188 Other 5,405 4,639 5,218 4,571 4,439

60,648 Total 64,404 65,501 64,498 64,812 65,818

Domestic Consumption none

52,534 China 57,467 62,663 68,646 74,270 79,814

26,775 United States 29,282 30,044 30,299 31,752 31,933

28,042 European Union 30,142 30,742 30,342 30,042 29,942

15,100 Brazil 15,700 16,470 16,943 17,480 18,150

4,200 Vietnam 4,750 5,470 5,740 5,960 6,120

4,575 Mexico 5,050 5,700 5,770 5,930 6,080

3,640 India 4,500 4,460 4,857 5,390 5,900

3,800 Indonesia 4,000 4,100 4,254 4,450 4,600

4,150 Thailand 4,100 4,230 4,232 4,300 4,450

2,500 Russia 2,700 3,100 3,250 3,600 4,000

3,429 Japan 3,365 3,458 3,420 3,463 3,390

2,800 Iran 3,000 3,080 3,180 3,280 3,380

2,450 Egypt 2,650 2,850 2,980 3,150 3,350

2,100 Argentina 2,402 2,672 2,853 3,000 3,200

2,250 Philippines 2,400 2,600 2,720 2,850 2,950

28,192 Other 30,054 31,319 32,537 33,982 35,963

186,537 Total 201,562 212,958 222,023 232,899 243,222

Ending Stocks none

2,484 Brazil 3,812 2,710 3,700 4,050 3,983

4,073 Argentina 4,025 4,231 3,335 2,490 2,450

325 European Union 860 832 456 365 394

227 United States 236 239 363 272 272

107 Vietnam 270 550 493 305 255

3,595 Other 4,849 4,651 4,747 4,089 4,070

10,811 Total 14,052 13,213 13,094 11,571 11,424

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.

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 30: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 09: Soybean Oil: World Supply and Distribution

Thousand Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

Production none

12,335 China 13,347 14,605 15,770 17,024 18,278

9,131 United States 9,706 9,956 10,035 10,380 10,451

6,785 Argentina 7,687 8,433 8,395 7,875 8,510

7,074 Brazil 7,759 7,627 7,850 8,250 8,290

2,489 European Union 2,746 2,841 2,736 2,831 2,831

1,566 India 1,386 990 1,620 1,475 1,635

591 Russia 645 717 788 842 914

5,252 Other 6,025 6,360 6,594 7,084 7,440

45,223 Total 49,301 51,529 53,788 55,761 58,349

Imports none

1,804 India 2,815 4,269 3,534 3,345 3,550

442 Bangladesh 508 639 830 780 800

629 Algeria 631 732 667 720 760

444 Morocco 432 465 497 500 515

355 Peru 395 382 449 400 435

288 Colombia 304 372 352 355 375

1,353 China 773 586 711 450 350

278 Korea, South 257 250 306 290 310

230 Egypt 480 674 246 300 300

551 Iran 421 299 257 280 295

2,894 Other 3,018 2,970 3,002 2,807 2,891

9,268 Total 10,034 11,638 10,851 10,227 10,581

Exports none

4,087 Argentina 5,094 5,698 5,387 4,675 5,100

1,378 Brazil 1,510 1,550 1,241 1,480 1,325

852 United States 914 1,017 1,160 1,043 953

766 European Union 1,010 915 831 750 800

630 Paraguay 699 709 680 670 710

332 Russia 423 431 529 550 600

371 Bolivia 392 444 236 380 340

1,006 Other 1,073 1,005 1,191 1,109 1,133

9,422 Total 11,115 11,769 11,255 10,657 10,961

Domestic Consumption none

13,650 China 14,200 15,350 16,350 17,300 18,450

8,576 United States 8,600 9,145 9,009 9,389 9,661

5,705 Brazil 6,265 6,330 6,610 6,890 6,980

3,300 India 4,100 5,200 5,300 5,100 5,200

2,844 Argentina 2,401 2,840 2,985 3,255 3,418

1,990 European Union 2,040 2,285 2,205 2,225 2,245

905 Mexico 961 1,020 1,100 1,100 1,125

551 Bangladesh 668 785 1,005 990 1,029

442 Egypt 752 960 610 720 800

590 Algeria 640 700 710 710 750

600 Iran 660 680 700 710 720

107 Pakistan 242 415 475 495 525

420 Morocco 450 480 470 495 515

440 Korea, South 435 440 460 470 495

340 Colombia 385 425 440 450 460

4,797 Other 4,976 5,028 5,158 5,330 5,544

45,257 Total 47,775 52,083 53,587 55,629 57,917

Ending Stocks none

529 United States 841 765 776 860 833

965 China 778 523 536 540 568

249 European Union 198 164 149 250 286

390 Brazil 385 197 256 196 241

151 Argentina 365 260 283 228 220

1,634 Other 1,796 1,769 1,475 1,103 1,081

3,918 Total 4,363 3,678 3,475 3,177 3,229

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.

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 31: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 10: Soybeans and Products: World Trade

Thousand Metric Tons

Marketing Year

Meal, Soybean Oil, Soybean Oilseed, Soybean

2018/192017/182016/172018/192017/182016/172018/192017/182016/17

Exports

North America 10,829 11,835 11,564 1,359 1,207 1,107 63,748 61,700 68,124

Canada (Aug-Jul) 292 300 300 175 160 150 4,591 5,500 5,800

United States (Sep-Aug) 10,524 11,521 11,249 1,160 1,043 953 59,157 56,200 62,324

South America 48,766 48,731 50,150 7,555 7,217 7,487 79,527 85,427 89,153

Argentina (Oct-Sep) 31,323 29,000 30,500 5,387 4,675 5,100 7,026 4,200 8,000

Brazil (Oct-Sep) 13,762 15,600 15,500 1,241 1,480 1,325 63,137 73,300 72,300

Paraguay (Jan-Dec) 2,407 2,430 2,580 680 670 710 6,129 6,250 5,900

South Asia 2,024 1,507 1,408 1 2 5 269 270 300

India (Oct-Sep) 2,011 1,500 1,400 1 2 5 269 270 300

Other 2,879 2,739 2,696 2,340 2,231 2,362 3,998 3,866 4,246

World Total 64,498 64,812 65,818 11,255 10,657 10,961 147,542 151,263 161,823

Imports

European Union (Oct-Sep) 18,924 18,500 18,500 285 245 250 13,422 14,100 14,200

East Asia 3,502 3,550 3,655 1,144 862 793 100,525 104,102 110,132

China (Oct-Sep) 61 30 30 711 450 350 93,495 97,000 103,000

Japan (Oct-Sep) 1,621 1,650 1,650 5 5 5 3,175 3,250 3,250

Korea, South (Oct-Sep) 1,764 1,800 1,900 306 290 310 1,286 1,300 1,330

Taiwan (Oct-Sep) 33 38 42 0 0 0 2,566 2,550 2,550

Southeast Asia 16,085 16,351 16,856 273 266 288 8,409 8,720 9,206

Indonesia (Oct-Sep) 4,245 4,400 4,600 23 23 23 2,649 2,700 2,850

Malaysia (Oct-Sep) 1,427 1,525 1,500 138 120 120 768 850 880

Philippines (Jan-Dec) 2,660 2,750 2,850 56 45 47 249 200 230

Thailand (Sep-Aug) 2,782 2,850 2,880 8 8 8 3,077 3,150 3,225

Vietnam (Jan-Dec) 4,945 4,800 5,000 30 50 70 1,646 1,800 2,000

North America 3,129 3,454 3,398 423 386 391 5,217 5,560 5,810

Canada (Aug-Jul) 821 900 980 23 25 25 486 480 480

Mexico (Sep-Aug) 1,991 2,100 2,100 255 225 230 4,126 4,400 4,650

South America 4,878 5,160 5,451 1,251 1,189 1,279 3,053 4,410 3,430

Brazil (Oct-Sep) 35 30 30 60 60 60 252 200 400

Colombia (Oct-Sep) 1,284 1,425 1,500 352 355 375 561 550 575

Central America 1,165 1,218 1,258 177 166 170 341 354 373

Caribbean 1,007 1,052 1,098 344 320 331 147 148 153

Middle East 4,950 4,490 5,010 345 398 410 5,222 5,615 5,990

Iran (Oct-Sep) 1,507 1,370 1,450 257 280 295 1,904 2,150 2,270

Israel (Oct-Sep) 154 165 175 10 10 10 374 425 430

Syria (Jan-Dec) 20 25 35 0 1 1 3 15 15

Turkey (Oct-Sep) 790 670 730 0 0 0 2,271 2,300 2,500

North Africa 3,135 3,250 3,210 1,560 1,660 1,705 2,653 3,520 3,690

Egypt (Oct-Sep) 1,053 1,100 1,000 246 300 300 2,115 2,800 2,900

Other 3,755 3,853 4,098 5,049 4,735 4,964 5,335 6,104 6,560

World Total 60,530 60,878 62,534 10,851 10,227 10,581 144,324 152,633 159,544

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 32: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 11: Palm Oil: World Supply and Distribution

Thousand Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

Production none

30,500 Indonesia 33,000 32,000 36,000 38,500 40,500

20,161 Malaysia 19,879 17,700 18,858 20,500 21,000

2,000 Thailand 2,068 1,804 2,500 2,700 2,900

1,041 Colombia 1,110 1,275 1,147 1,250 1,350

880 Nigeria 910 970 970 970 970

4,612 Other 4,790 5,203 5,799 5,801 5,859

59,194 Total 61,757 58,952 65,274 69,721 72,579

Imports none

7,820 India 9,139 8,860 9,341 10,600 11,500

6,969 European Union 6,935 6,636 7,224 6,500 6,500

5,573 China 5,696 4,689 4,881 4,900 4,950

2,725 Pakistan 2,826 2,720 3,075 3,100 3,250

1,232 Bangladesh 1,280 1,511 1,314 1,600 1,750

1,220 United States 1,143 1,307 1,367 1,545 1,600

1,075 Egypt 1,489 1,038 1,323 1,200 1,200

681 Philippines 792 941 1,165 1,100 1,200

646 Russia 854 933 849 900 900

697 Vietnam 715 727 792 820 840

13,006 Other 13,602 13,008 14,152 14,827 15,348

41,644 Total 44,471 42,370 45,483 47,092 49,038

Exports none

21,719 Indonesia 25,964 22,906 27,633 28,000 29,200

17,344 Malaysia 17,378 16,621 16,301 17,250 17,500

411 Guatemala 453 614 718 710 712

556 Papua New Guinea 607 575 663 635 640

600 Benin 500 460 520 560 550

2,597 Other 2,487 2,566 3,072 2,993 3,138

43,227 Total 47,389 43,742 48,907 50,148 51,740

Domestic Consumption none

8,302 India 9,150 9,100 9,650 10,800 11,720

8,750 Indonesia 7,520 8,870 9,070 9,450 10,130

6,800 European Union 6,900 6,600 6,800 6,550 6,450

5,700 China 5,700 4,800 4,830 4,850 4,900

2,869 Malaysia 2,941 2,990 2,685 3,117 3,425

2,540 Pakistan 2,738 2,795 2,995 3,145 3,245

1,790 Thailand 1,925 1,835 2,172 2,440 2,590

1,215 Bangladesh 1,275 1,411 1,314 1,570 1,725

1,207 United States 1,092 1,269 1,355 1,527 1,580

600 Philippines 811 930 1,225 1,250 1,320

1,380 Nigeria 1,410 1,320 1,240 1,260 1,290

1,150 Egypt 1,350 1,100 1,300 1,230 1,200

923 Colombia 943 940 952 978 985

750 Russia 810 850 850 870 870

603 Vietnam 674 755 806 827 837

12,720 Other 12,962 13,332 14,410 15,177 15,805

57,299 Total 58,201 58,897 61,654 65,041 68,072

Ending Stocks none

3,210 Indonesia 2,734 2,958 2,260 3,310 4,480

2,090 Malaysia 2,641 1,546 2,016 2,899 3,674

168 Thailand 335 293 323 348 373

370 India 539 499 390 390 370

537 European Union 456 344 630 440 350

3,171 Other 3,479 3,227 3,444 3,300 3,245

9,546 Total 10,184 8,867 9,063 10,687 12,492

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 33: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 12: Rapeseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Meal, Rapeseed Oil, Rapeseed Oilseed, Rapeseed

2018/192017/182016/172018/192017/182016/172018/192017/182016/17

Production

China (Oct-Sep) 10,771 11,009 11,307 7,059 7,215 7,410 14,546 14,400 14,200

India (Oct-Sep) 3,460 3,050 3,250 2,200 1,950 2,070 7,091 5,850 6,500

Canada (Aug-Jul) 5,200 5,200 5,285 4,020 4,020 4,085 19,599 21,500 21,100

Japan (Oct-Sep) 1,355 1,360 1,390 1,061 1,075 1,095 4 4 4

European Union (Jul-Jun) 13,908 14,250 14,535 10,199 10,450 10,659 20,545 22,166 22,400

Other 5,199 5,738 5,974 3,661 4,038 4,201 9,334 10,364 11,227

World Total 39,893 40,607 41,741 28,200 28,748 29,520 71,119 74,284 75,431

Imports

China (Oct-Sep) 875 1,150 1,000 802 700 700 4,260 4,550 5,300

India (Oct-Sep) 0 0 0 317 370 380 0 0 0

Canada (Aug-Jul) 25 23 25 54 25 30 95 100 100

Japan (Oct-Sep) 8 7 7 15 18 10 2,392 2,450 2,500

European Union (Jul-Jun) 219 185 200 153 150 150 4,224 4,350 4,200

Other 4,769 4,568 4,781 3,061 3,129 3,216 4,673 4,966 5,115

World Total 5,896 5,933 6,013 4,402 4,392 4,486 15,644 16,416 17,215

Exports

China (Oct-Sep) 12 15 15 18 20 20 0 0 0

India (Oct-Sep) 414 400 450 3 3 3 0 0 0

Canada (Aug-Jul) 4,681 4,800 4,850 3,133 3,170 3,100 11,022 11,500 11,500

Japan (Oct-Sep) 7 5 5 1 1 1 0 0 0

European Union (Jul-Jun) 511 425 400 344 275 350 319 125 300

Other 408 492 506 1,028 1,137 1,191 4,459 5,024 5,690

World Total 6,033 6,137 6,226 4,527 4,606 4,665 15,800 16,649 17,490

Domestic Consumption

China (Oct-Sep) 11,634 12,144 12,292 8,700 8,500 8,300 18,700 19,100 19,600

India (Oct-Sep) 2,890 2,800 2,800 2,420 2,405 2,480 6,850 6,070 6,500

Canada (Aug-Jul) 539 450 465 956 995 1,045 9,340 9,248 9,400

Japan (Oct-Sep) 1,377 1,372 1,400 1,078 1,081 1,102 2,442 2,455 2,505

European Union (Jul-Jun) 13,850 14,050 14,300 10,150 10,200 10,350 25,350 25,980 26,490

Other 9,570 9,767 10,261 5,740 5,934 6,234 9,369 10,227 10,634

World Total 39,860 40,583 41,518 29,044 29,115 29,511 72,051 73,080 75,129

Ending Stocks

China (Oct-Sep) 0 0 0 2,676 2,071 1,861 1,346 1,196 1,096

India (Oct-Sep) 401 251 251 316 228 195 710 490 490

Canada (Aug-Jul) 102 75 70 485 365 335 1,348 2,200 2,500

Japan (Oct-Sep) 59 49 41 27 38 40 21 20 19

European Union (Jul-Jun) 274 234 269 383 508 617 985 1,396 1,206

Other 155 202 190 418 514 506 1,115 1,194 1,212

World Total 991 811 821 4,305 3,724 3,554 5,525 6,496 6,523

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 34: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 13: Sunflowerseed and Products: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oilseed, Sunflowerseed Meal, Sunflowerseed Oil, Sunflowerseed

2018/192017/182016/172018/192017/182016/172018/192017/182016/17

Production

Argentina (Mar-Feb) 3,400 3,400 3,500 1,270 1,452 1,452 1,288 1,465 1,465

Russia (Sep-Aug) 10,858 10,362 11,500 4,146 4,105 4,433 4,171 4,130 4,460

Turkey (Sep-Aug) 1,320 1,550 1,580 963 1,100 1,100 761 890 890

Ukraine (Sep-Aug) 15,200 13,700 15,500 6,030 5,658 6,298 6,351 5,891 6,558

European Union (Oct-Sep) 8,598 9,679 9,100 4,266 4,590 4,428 3,338 3,591 3,465

Other 8,441 8,509 8,667 2,654 2,824 2,935 2,256 2,387 2,479

World Total 47,817 47,200 49,847 19,329 19,729 20,646 18,165 18,354 19,317

Imports

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

Russia (Sep-Aug) 107 50 50 11 40 20 18 20 20

Turkey (Sep-Aug) 591 650 600 958 950 980 793 525 500

Ukraine (Sep-Aug) 24 25 20 1 5 0 0 2 2

European Union (Oct-Sep) 697 500 500 3,708 3,800 4,000 1,834 1,450 1,500

Other 754 978 920 2,268 2,382 2,543 6,251 6,081 6,615

World Total 2,173 2,203 2,090 6,946 7,177 7,543 8,896 8,078 8,637

Exports

Argentina (Mar-Feb) 75 75 75 789 825 850 770 765 735

Russia (Sep-Aug) 368 120 200 1,300 1,350 1,250 2,178 2,100 2,200

Turkey (Sep-Aug) 47 60 60 4 3 5 635 350 350

Ukraine (Sep-Aug) 191 50 50 4,807 4,600 5,100 5,851 5,300 5,800

European Union (Oct-Sep) 353 500 350 275 325 300 459 480 490

Other 1,406 1,511 1,498 261 250 234 509 495 477

World Total 2,440 2,316 2,233 7,436 7,353 7,739 10,402 9,490 10,052

Domestic Consumption

Argentina (Mar-Feb) 3,130 3,560 3,556 540 600 620 707 712 727

Russia (Sep-Aug) 10,580 10,460 11,260 2,850 2,950 3,200 2,055 2,090 2,195

Turkey (Sep-Aug) 1,862 2,122 2,132 1,850 2,080 2,080 980 1,020 1,040

Ukraine (Sep-Aug) 14,780 13,890 15,450 1,300 1,200 1,250 600 615 635

European Union (Oct-Sep) 8,990 9,610 9,330 7,860 8,110 8,160 4,560 4,490 4,490

Other 7,645 7,926 8,250 4,700 4,952 5,259 7,764 8,151 8,675

World Total 46,987 47,568 49,978 19,100 19,892 20,569 16,666 17,078 17,762

Ending Stocks

Argentina (Mar-Feb) 791 556 425 45 72 54 26 14 17

Russia (Sep-Aug) 344 176 266 352 197 200 234 194 279

Turkey (Sep-Aug) 49 67 55 150 117 112 31 76 76

Ukraine (Sep-Aug) 421 206 226 434 297 245 105 83 208

European Union (Oct-Sep) 600 669 589 328 283 251 311 382 367

Other 712 762 601 124 128 113 952 774 716

World Total 2,917 2,436 2,162 1,433 1,094 975 1,659 1,523 1,663

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 35: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 14: Minor Vegetable Oils: World Supply and Distribution

Thousand Metric Tons

Marketing Year

Oil, Peanut Oil, Cottonseed Oil, Olive

2018/192017/182016/172018/192017/182016/172018/192017/182016/17

Production

China (Oct-Sep) 2,896 3,008 3,064 1,115 1,382 1,368 5 5 5

India (Oct-Sep) 1,238 1,188 1,200 1,160 1,275 1,320 nr nr nr

Turkey (Nov-Oct) 7 7 7 187 232 250 177 280 250

United States (Aug-Jul) 129 112 124 246 263 268 15 16 16

European Union (Oct-Sep) 13 13 13 35 44 44 1,745 2,200 2,240

Other 1,659 1,675 1,673 1,673 1,884 1,973 540 761 636

World Total 5,942 6,003 6,081 4,416 5,080 5,223 2,482 3,262 3,147

Imports

China (Oct-Sep) 111 110 110 0 0 0 44 46 48

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

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

United States (Aug-Jul) 18 32 27 0 2 2 316 322 330

European Union (Oct-Sep) 73 70 70 1 1 1 110 180 150

Other 24 23 23 44 43 41 318 328 346

World Total 226 235 230 45 46 44 788 876 874

Exports

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

India (Oct-Sep) 13 15 15 0 0 0 nr nr nr

Turkey (Nov-Oct) 0 0 0 1 2 2 48 60 90

United States (Aug-Jul) 5 7 9 47 50 45 12 12 10

European Union (Oct-Sep) 4 5 5 0 0 0 627 630 670

Other 235 249 249 23 32 32 193 293 216

World Total 265 284 286 73 89 84 880 995 986

Domestic Consumption

China (Oct-Sep) 2,999 3,110 3,166 1,113 1,377 1,363 49 51 53

India (Oct-Sep) 1,165 1,208 1,210 1,165 1,265 1,315 nr nr nr

Turkey (Nov-Oct) 7 7 7 185 234 246 145 160 165

United States (Aug-Jul) 140 137 142 198 212 225 319 326 336

European Union (Oct-Sep) 80 77 77 36 45 45 1,370 1,570 1,670

Other 1,439 1,452 1,458 1,688 1,876 1,989 703 749 773

World Total 5,830 5,991 6,060 4,385 5,009 5,183 2,586 2,856 2,997

Ending Stocks

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

India (Oct-Sep) 142 107 82 32 42 47 nr nr nr

Turkey (Nov-Oct) 0 0 0 5 1 3 23 83 78

United States (Aug-Jul) 11 11 11 20 23 23 0 0 0

European Union (Oct-Sep) 5 6 7 0 0 0 173 353 403

Other 89 86 75 47 66 59 140 187 180

World Total 247 210 175 104 132 132 336 623 661

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 36: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

393.94 31.7175.60528.8875.4159.53220.66 2005/06 386.92 66.35

405.71 31.4882.89552.8980.8366.35223.39 2006/07 394.64 75.37

391.42 31.7091.76557.2490.4575.37219.53 2007/08 402.64 62.84

398.85 33.6094.15556.2494.5562.84230.42 2008/09 404.81 57.27

447.34 34.79107.61607.21102.6057.27235.77 2009/10 425.39 74.20

460.99 36.32108.32640.22105.0374.20245.62 2010/11 446.98 84.92

447.42 36.47110.98645.48113.1584.92248.94 2011/12 466.98 67.52

475.69 36.66118.12657.99114.7867.52256.90 2012/13 470.63 69.24

504.76 37.62133.77707.56133.5669.24260.93 2013/14 494.33 79.47

538.86 38.81147.18761.92143.6079.47267.05 2014/15 520.09 94.65

522.41 39.79153.29770.85153.7994.65264.85 2015/16 525.44 92.12

576.11 41.88170.63834.63166.4092.12267.74 2016/17 553.87 110.13

572.79 43.40175.13858.49175.58110.13277.94 2017/18 576.28 107.08

593.72 44.41186.35884.00183.19107.08283.23 2018/19 597.60 100.05

Major Protein Meals

217.21 0.2867.35291.1065.688.21nr 2005/06 214.87 8.89

224.22 0.2869.25300.4167.308.89nr 2006/07 220.84 10.32

231.65 0.2972.93312.4070.4310.32nr 2007/08 229.09 10.38

229.94 0.3270.15308.7668.4410.38nr 2008/09 230.06 8.55

244.40 0.4072.70323.3970.448.55nr 2009/10 240.46 10.23

257.51 0.3377.90342.8775.1310.23nr 2010/11 252.03 12.94

267.77 0.4081.12359.9279.2112.94nr 2011/12 264.17 14.63

269.72 0.4379.38359.1074.7614.63nr 2012/13 266.94 12.79

283.26 0.4483.31376.4080.3612.79nr 2013/14 278.77 14.33

300.96 0.4586.18397.7782.4914.33nr 2014/15 293.64 17.96

306.09 0.4886.91407.1383.0817.96nr 2015/16 303.11 17.11

321.49 0.5988.19423.4484.8517.11nr 2016/17 318.63 16.62

334.69 0.6688.72436.0484.7416.62nr 2017/18 332.54 14.78

348.48 0.6890.38450.3087.0314.78nr 2018/19 345.21 14.71

Major Vegetable Oils

119.86 94.0348.51175.8343.5312.4513.60 2005/06 113.19 14.13

122.74 96.4150.29183.5946.7314.1314.19 2006/07 118.69 14.62

129.74 99.4754.45194.4350.0814.6214.73 2007/08 125.05 14.94

134.94 103.2056.64203.5753.7014.9415.61 2008/09 131.15 15.78

142.41 107.2958.81213.5855.3915.7816.46 2009/10 137.97 16.80

149.16 109.9160.77222.7656.8016.8017.50 2010/11 142.56 19.42

158.31 116.0964.85239.5161.7819.4218.48 2011/12 151.87 22.80

161.56 121.5568.34249.5965.2322.8019.11 2012/13 158.94 22.31

171.81 126.0070.26261.0566.9422.3119.97 2013/14 166.43 24.37

177.19 131.1876.52272.2870.7324.3720.79 2014/15 170.95 24.82

176.86 135.2773.58272.1670.4924.8221.72 2015/16 177.24 21.35

189.29 140.6381.13285.5274.8821.3522.38 2016/17 184.11 20.28

198.62 145.8081.14294.0975.1920.2823.20 2017/18 191.51 21.44

206.21 151.4183.71305.7778.1121.4423.64 2018/19 198.63 23.43

Based on the aggregate of different marketing years

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 37: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

220.78 186.3563.64333.4564.1048.5693.03 2005/06 215.94 53.87

235.70 195.5570.91358.6169.0553.8794.92 2006/07 224.68 63.03

219.15 202.6378.70360.8678.6863.0391.05 2007/08 229.85 52.32

212.06 194.7976.71342.2777.9052.3296.46 2008/09 222.64 42.92

260.73 210.3192.06391.1687.5142.92102.59 2009/10 238.99 60.11

264.39 222.2291.57414.2989.7960.11103.43 2010/11 252.79 69.93

240.38 229.0891.77404.8694.5569.93102.90 2011/12 259.31 53.77

268.47 231.74100.36419.4497.2053.77110.02 2012/13 263.13 55.94

282.71 242.78112.72451.72113.0755.94112.63 2013/14 276.53 62.47

319.91 264.81126.22506.74124.3662.47118.38 2014/15 302.61 77.91

313.58 275.02132.51524.82133.3377.91120.32 2015/16 313.93 78.39

350.34 287.81147.54573.05144.3278.39120.13 2016/17 329.12 96.39

336.70 299.39151.26585.72152.6396.39124.58 2017/18 342.29 92.16

354.54 313.34161.82606.25159.5492.16128.49 2018/19 357.72 86.70

Meal, Soybean

146.73 186.3753.03204.0551.385.94nr 2005/06 144.88 6.14

153.81 195.5754.84212.6952.746.14nr 2006/07 150.41 7.43

159.01 202.6556.50221.2254.787.43nr 2007/08 156.97 7.75

153.00 194.8753.27212.4251.677.75nr 2008/09 153.84 5.31

165.62 210.3955.94224.4753.545.31nr 2009/10 161.58 6.96

175.03 222.3158.89238.8556.876.96nr 2010/11 170.65 9.31

180.86 229.1958.71247.1957.029.31nr 2011/12 177.72 10.76

182.19 231.8858.39247.0254.0710.76nr 2012/13 178.79 9.84

190.39 242.9460.65258.0057.779.84nr 2013/14 186.54 10.81

208.52 265.0064.40280.0260.6910.81nr 2014/15 201.56 14.05

215.86 275.2665.50291.6761.7614.05nr 2015/16 212.96 13.21

225.87 288.1164.50299.6260.5313.21nr 2016/17 222.02 13.09

235.31 299.8364.81309.2860.8813.09nr 2017/18 232.90 11.57

246.36 313.8865.82320.4662.5311.57nr 2018/19 243.22 11.42

Oil, Soybean

34.91 186.359.7947.018.803.30nr 2005/06 33.40 3.82

36.41 195.5510.5050.009.773.82nr 2006/07 35.45 4.05

37.79 202.6310.8852.1310.294.05nr 2007/08 37.28 3.97

36.12 194.799.2149.109.003.97nr 2008/09 36.32 3.57

38.92 210.319.1950.978.483.57nr 2009/10 38.15 3.64

41.46 222.229.6254.489.383.64nr 2010/11 40.49 4.37

42.80 229.088.5355.178.004.37nr 2011/12 42.46 4.19

43.32 231.749.3356.028.514.19nr 2012/13 42.58 4.11

45.22 242.789.4258.609.274.11nr 2013/14 45.26 3.92

49.30 264.8111.1263.2510.033.92nr 2014/15 47.78 4.36

51.53 275.0211.7767.5311.644.36nr 2015/16 52.08 3.68

53.79 287.8111.2668.3210.853.68nr 2016/17 53.59 3.48

55.76 299.3910.6669.4610.233.48nr 2017/18 55.63 3.18

58.35 313.3410.9672.1110.583.18nr 2018/19 57.92 3.23

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

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 38: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

48.84 0.356.9860.676.715.1327.32 2005/06 48.06 5.63

45.75 0.356.6558.417.025.6326.76 2006/07 46.57 5.20

48.34 0.358.1861.107.575.2028.65 2007/08 49.20 3.72

57.87 0.4012.2073.7312.153.7230.96 2008/09 54.70 6.83

60.91 0.4210.9078.5510.816.8330.76 2009/10 59.62 8.03

60.82 0.4510.9379.0310.188.0333.63 2010/11 59.96 8.14

61.52 0.4512.9982.9013.248.1433.45 2011/12 63.64 6.27

63.91 0.4712.5783.0112.836.2736.03 2012/13 65.54 4.90

71.53 0.4915.1091.9815.554.9036.01 2013/14 69.35 7.53

71.29 0.5515.1193.1314.327.5335.48 2014/15 70.44 7.59

69.81 0.6514.3591.8214.427.5933.82 2015/16 70.86 6.61

71.12 0.7015.8093.3815.646.6133.90 2016/17 72.05 5.53

74.28 0.6016.6596.2316.425.5335.76 2017/18 73.08 6.50

75.43 0.6517.4999.1417.226.5036.59 2018/19 75.13 6.52

Meal, Rapeseed

26.15 0.002.6829.502.630.71nr 2005/06 25.99 0.83

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

30.27 0.003.7534.693.770.64nr 2008/09 30.14 0.80

32.95 0.003.6337.643.880.80nr 2009/10 32.76 1.25

33.56 0.005.2840.145.331.25nr 2010/11 33.81 1.06

35.18 0.005.5641.805.561.06nr 2011/12 35.13 1.10

36.41 0.005.7043.125.611.10nr 2012/13 36.44 0.98

38.71 0.006.3546.196.500.98nr 2013/14 38.91 0.92

38.98 0.006.0745.905.990.92nr 2014/15 38.85 0.98

39.35 0.005.6946.035.700.98nr 2015/16 39.25 1.10

39.89 0.006.0346.885.901.10nr 2016/17 39.86 0.99

40.61 0.006.1447.535.930.99nr 2017/18 40.58 0.81

41.74 0.006.2348.576.010.81nr 2018/19 41.52 0.82

Oil, Rapeseed

17.99 13.721.6520.261.480.79nr 2005/06 17.61 1.00

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

21.16 14.412.4724.742.481.10nr 2008/09 20.99 1.28

23.21 15.232.7527.452.961.28nr 2009/10 22.75 1.95

23.47 15.863.4328.803.381.95nr 2010/11 23.40 1.97

24.84 16.483.9830.884.081.97nr 2011/12 23.85 3.05

25.62 16.973.9532.603.933.05nr 2012/13 24.23 4.43

27.21 18.173.8335.453.824.43nr 2013/14 26.08 5.54

27.53 18.984.0737.023.955.54nr 2014/15 27.14 5.81

27.78 19.914.1737.724.135.81nr 2015/16 28.28 5.27

28.20 20.484.5337.884.405.27nr 2016/17 29.04 4.31

28.75 20.444.6137.454.394.31nr 2017/18 29.12 3.72

29.52 20.794.6737.734.493.72nr 2018/19 29.51 3.55

Based on the aggregate of different marketing years.

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 39: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

29.92 3.4829.311.521.422.9622.72 2005/06

30.08 4.0229.441.911.813.4823.45 2006/07

27.35 3.7227.481.461.294.0221.34 2007/08

32.92 3.8532.562.151.923.7223.89 2008/09

31.56 2.6032.831.551.563.8522.97 2009/10

32.70 2.2632.881.781.622.6023.08 2010/11

38.62 2.5438.111.931.702.2624.62 2011/12

34.99 2.8134.631.451.362.5423.60 2012/13

41.51 3.3040.691.961.622.8124.02 2013/14

39.17 2.9039.481.661.563.3023.10 2014/15

40.24 2.3540.642.011.872.9023.26 2015/16

47.82 2.9246.992.442.172.3525.31 2016/17

47.20 2.4447.572.322.202.9225.60 2017/18

49.85 2.1649.982.232.092.4426.11 2018/19

Meal, Sunflowerseed

11.72 0.3111.413.573.350.22nr 2005/06

11.87 0.2411.903.493.440.31nr 2006/07

11.11 0.3010.693.312.960.24nr 2007/08

13.08 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 0.7914.845.134.931.70nr 2012/13

16.83 1.4215.756.225.760.79nr 2013/14

16.16 1.6615.585.875.531.42nr 2014/15

16.50 1.6916.186.235.951.66nr 2015/16

19.33 1.4319.107.446.951.69nr 2016/17

19.73 1.0919.897.357.181.43nr 2017/18

20.65 0.9820.577.747.541.09nr 2018/19

Oil, Sunflowerseed

10.56 1.219.773.923.311.02nr 2005/06

10.74 1.2010.164.053.461.21nr 2006/07

10.16 1.209.413.532.781.20nr 2007/08

11.89 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 2.3013.195.575.163.03nr 2012/13

15.63 2.9614.147.786.962.30nr 2013/14

14.96 2.6014.117.386.182.96nr 2014/15

15.38 1.6715.238.107.022.60nr 2015/16

18.17 1.6616.6710.408.901.67nr 2016/17

18.35 1.5217.089.498.081.66nr 2017/18

19.32 1.6617.7610.058.641.52nr 2018/19

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

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 40: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

25.22 24.996.9427.8965.8836.044.62 2005/06 32.47 5.52

26.25 26.837.5728.3969.3837.615.52 2006/07 34.91 6.09

29.93 29.598.8532.4977.4741.466.09 2007/08 39.01 5.98

33.08 31.989.6335.0083.5644.505.98 2008/09 42.26 6.30

34.31 33.3010.0736.3287.0146.406.30 2009/10 43.96 6.73

35.09 33.9710.7337.3691.0449.226.73 2010/11 45.27 8.40

38.39 36.8412.4739.8999.3652.578.40 2011/12 49.96 9.52

41.80 40.1514.5643.08107.6656.349.52 2012/13 55.35 9.23

41.64 40.8415.8143.23110.0759.199.23 2013/14 57.30 9.55

44.47 43.0714.4347.39115.7761.769.55 2014/15 58.20 10.18

42.37 42.3115.8943.74111.5158.9510.18 2015/16 58.90 8.87

45.48 44.5916.3548.91119.6265.278.87 2016/17 61.65 9.06

47.09 47.0117.2650.15125.8869.729.06 2017/18 65.04 10.69

49.04 49.2718.0051.74132.3072.5810.69 2018/19 68.07 12.49

Oil, Coconut

2.04 1.781.432.055.853.340.47 2005/06 3.35 0.44

1.88 1.661.431.745.393.070.44 2006/07 3.18 0.47

1.91 1.771.511.935.783.400.47 2007/08 3.31 0.55

1.67 1.651.561.485.583.360.55 2008/09 3.24 0.86

2.30 2.091.702.076.633.470.86 2009/10 3.82 0.74

1.80 1.871.671.806.133.590.74 2010/11 3.58 0.76

1.84 1.931.551.865.983.390.76 2011/12 3.51 0.61

1.89 2.001.711.926.133.620.61 2012/13 3.75 0.46

1.74 1.751.551.925.583.380.46 2013/14 3.34 0.33

1.82 1.741.521.945.523.370.33 2014/15 3.29 0.29

1.61 1.691.551.585.223.320.29 2015/16 3.26 0.38

1.50 1.611.561.735.273.390.38 2016/17 3.21 0.34

1.48 1.601.601.695.363.540.34 2017/18 3.23 0.45

1.47 1.621.611.695.513.600.45 2018/19 3.26 0.56

Meal, Fish

3.05 0.000.052.808.754.990.71 2005/06 5.21 0.73

2.82 0.000.052.658.695.140.73 2006/07 5.08 0.97

3.17 0.000.052.949.275.140.97 2007/08 5.50 0.83

3.26 0.000.053.089.295.200.83 2008/09 5.51 0.71

2.76 0.000.052.417.714.240.71 2009/10 5.03 0.28

2.77 0.000.052.698.605.550.28 2010/11 5.22 0.69

3.05 0.000.052.808.444.710.69 2011/12 5.36 0.28

2.47 0.000.052.327.594.840.28 2012/13 4.81 0.45

2.74 0.000.052.477.644.450.45 2013/14 4.94 0.23

2.50 0.000.052.287.424.690.23 2014/15 4.87 0.26

2.46 0.000.052.217.244.510.26 2015/16 4.75 0.27

3.06 0.000.052.518.214.880.27 2016/17 5.45 0.25

2.44 0.000.052.257.314.630.25 2017/18 4.79 0.27

2.45 0.000.052.317.334.600.27 2018/19 4.80 0.22

Based on the aggregate of different marketing years.

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 41: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Major Oilseeds

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

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

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

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

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

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

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

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

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

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

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

126,935 56,25760,278135,3021,4996,86839,245 2016/17 65,423 9,601

131,033 58,50057,464142,0551,4219,60142,797 2017/18 68,122 16,469

127,292 58,87863,463145,1761,41516,46942,145 2018/19 68,568 13,145

Major Protein Meals

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

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

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

37,631 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

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

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

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

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

43,112 56,25710,82947,3083,921275nr 2016/17 36,071 408

45,136 58,50011,88149,3093,765408nr 2017/18 37,099 329

45,419 58,87811,61249,5373,789329nr 2018/19 37,596 329

Major Vegetable Oils

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

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

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

9,667 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

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

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

11,211 55,0551,24817,0244,5271,2860 2015/16 14,574 1,202

11,434 56,2571,41617,3654,7291,2020 2016/17 14,718 1,231

11,728 58,5001,29917,9274,9681,2310 2017/18 15,313 1,315

11,898 58,8781,20518,3305,1171,3150 2018/19 15,842 1,283

Based on the aggregate of different marketing years

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 42: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean

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

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

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

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

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

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

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

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

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

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

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

116,920 51,74259,157122,8796055,35433,466 2016/17 55,514 8,208

119,518 54,15956,200128,4066808,20836,228 2017/18 57,776 14,430

116,483 54,29562,324131,59368014,43035,693 2018/19 57,976 11,293

Meal, Soybean

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

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

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

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

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

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

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

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

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

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

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

40,630 51,74210,52441,186317239nr 2016/17 30,299 363

42,728 54,15911,52143,545454363nr 2017/18 31,752 272

42,864 54,29511,24943,454318272nr 2018/19 31,933 272

Oil, Soybean

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

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

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

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

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

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

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

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

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

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

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

10,035 51,7421,16010,945145765nr 2016/17 9,009 776

10,380 54,1591,04311,292136776nr 2017/18 9,389 860

10,451 54,29595311,447136860nr 2018/19 9,661 833

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.

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 43: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

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

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

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

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

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

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

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

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

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

97,200 40,33954,63598,9853291,45632,100 2014/15 43,550 800

96,500 40,00052,10097,66236280033,300 2015/16 43,332 2,230

114,100 43,30068,807116,5972672,23033,900 2016/17 46,702 1,088

117,000 43,00070,700118,4884001,08835,100 2017/18 46,500 1,288

117,000 43,20070,750118,5382501,28836,500 2018/19 46,790 998

Meal, Soybean (Local)

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

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

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

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

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

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

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

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

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

31,220 40,33915,10634,691163,455nr 2014/15 15,800 3,785

30,980 40,00014,65134,792273,785nr 2015/16 16,600 3,541

33,520 43,30013,91537,096353,541nr 2016/17 17,761 5,420

33,400 43,00015,95038,850305,420nr 2017/18 18,100 4,800

33,500 43,20015,15038,330304,800nr 2018/19 18,700 4,480

Oil, Soybean (Local)

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

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

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

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

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

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

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

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

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

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

7,675 40,0001,2508,19675446nr 2015/16 6,485 461

8,310 43,3001,3238,83160461nr 2016/17 6,887 621

8,250 43,0001,5008,93160621nr 2017/18 6,905 526

8,290 43,2001,3658,87660526nr 2018/19 7,000 511

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

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

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 44: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

Thousand Metric Tons

Area

Harvested

Beginning

Stocks

Productio

n

Imports Total

Supply

Exports Crush Domestic

Consumpti

Ending

Stocks

Oilseed, Soybean (Local)

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

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

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

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

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

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

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

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

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

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

56,800 43,0419,04668,9041,30410,80019,530 2015/16 47,491 12,367

57,800 40,9307,24572,7672,60012,36718,350 2016/17 45,540 19,982

39,000 41,0003,75061,8322,85019,98217,000 2017/18 45,710 12,372

56,000 45,0008,00070,2221,85012,37218,700 2018/19 50,000 12,222

Meal, Soybean (Local)

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

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

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

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

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

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

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

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

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

34,737 45,11031,86739,15414,416nr 2014/15 2,530 4,757

33,102 43,04130,98037,85904,757nr 2015/16 2,760 4,119

31,235 40,93029,26535,35404,119nr 2016/17 2,930 3,159

31,470 41,00028,75034,62903,159nr 2017/18 3,100 2,779

34,425 45,00031,00037,20402,779nr 2018/19 3,304 2,900

Oil, Soybean (Local)

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

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

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

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

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

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

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

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

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

8,753 45,1106,3129,1385380nr 2014/15 2,308 518

8,382 43,0415,3868,9000518nr 2015/16 3,055 459

7,925 40,9304,7258,3840459nr 2016/17 3,345 314

7,895 41,0004,6608,2090314nr 2017/18 3,309 240

8,710 45,0005,2508,9500240nr 2018/19 3,422 278

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

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

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 45: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

Thousand Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

none

Production none

4,187 Oilseed, Copra 4,175 4,054 4,243 4,426 4,506

13,851 Oilseed, Palm Kernel 14,403 13,705 15,058 16,250 16,800

1,040 Oilseed, Soybean 995 947 885 846 821

3,808 Other 3,811 3,705 3,707 3,674 3,644

22,886 Total 23,384 22,411 23,893 25,196 25,771

none

Domestic Consumption none

853 Meal, Fish 847 795 926 904 921

801 Meal, Rapeseed 745 407 358 420 450

16,080 Meal, Soybean 16,946 18,207 18,760 19,429 20,060

2,572 Other 2,995 3,121 3,512 3,502 3,591

20,306 Total 21,533 22,530 23,556 24,255 25,022

none

SME none

1,237 Meal, Fish 1,228 1,152 1,340 1,306 1,331

570 Meal, Rapeseed 530 290 255 299 320

16,030 Meal, Soybean 16,896 18,137 18,670 19,319 19,940

1,392 Other 1,557 1,620 1,777 1,772 1,809

19,228 Total 20,211 21,199 22,041 22,696 23,400

none

Imports none

241 Meal, Fish 236 278 351 345 352

738 Meal, Rapeseed 658 369 343 405 430

13,566 Meal, Soybean 14,972 15,561 16,085 16,351 16,856

391 Other 563 684 739 654 657

14,936 Total 16,429 16,892 17,518 17,755 18,295

none

Industrial Dom. Cons. none

7,012 Oil, Palm 5,518 6,826 6,831 7,640 8,270

0 Oil, Rapeseed 0 0 0 0 0

36 Oil, Soybean 39 42 46 45 47

0 Oil, Sunflowerseed 0 0 0 0 0

3,832 Other 4,014 3,988 4,215 4,530 4,747

10,880 Total 9,571 10,856 11,092 12,215 13,064

none

Food Use Dom. Cons. none

8,360 Oil, Palm 9,053 9,231 9,781 10,055 10,630

61 Oil, Rapeseed 54 26 32 26 28

515 Oil, Soybean 574 652 690 735 785

112 Oil, Sunflowerseed 131 131 131 131 131

1,439 Other 1,385 1,436 1,540 1,577 1,647

10,487 Total 11,197 11,476 12,174 12,524 13,221

none

Domestic Consumption none

15,684 Oil, Palm 14,984 16,463 17,024 18,159 19,402

61 Oil, Rapeseed 54 26 32 26 28

551 Oil, Soybean 613 694 736 780 832

112 Oil, Sunflowerseed 131 131 131 131 131

5,281 Other 5,409 5,434 5,765 6,117 6,404

21,689 Total 21,191 22,748 23,688 25,213 26,797

none

Imports none

2,920 Oil, Palm 3,762 3,600 3,708 3,785 3,895

10 Oil, Rapeseed 13 13 13 13 13

292 Oil, Soybean 321 290 273 266 288

0 Oil, Sunflowerseed 0 0 0 0 0

509 Other 671 567 508 527 487

3,731 Total 4,767 4,470 4,502 4,591 4,683

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

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 46: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 25: Middle East Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

none

Production none

1,106 Oilseed, Cottonseed 1,243 1,032 1,228 1,447 1,543

277 Oilseed, Rapeseed 256 254 263 200 225

283 Oilseed, Soybean 280 242 246 247 247

1,476 Oilseed, Sunflowerseed 1,232 1,147 1,376 1,609 1,639

128 Other 124 148 164 165 154

3,270 Total 3,135 2,823 3,277 3,668 3,808

none

Domestic Consumption none

86 Meal, Fish 85 110 121 125 125

902 Meal, Rapeseed 838 840 865 778 796

6,785 Meal, Soybean 7,065 7,425 7,984 8,198 8,778

2,982 Other 2,925 2,893 3,363 3,720 3,905

10,755 Total 10,913 11,268 12,333 12,821 13,604

none

SME none

125 Meal, Fish 123 159 175 181 181

642 Meal, Rapeseed 596 598 615 554 566

6,783 Meal, Soybean 7,063 7,423 7,982 8,196 8,776

2,013 Other 1,972 1,927 2,246 2,508 2,614

9,563 Total 9,754 10,107 11,019 11,438 12,137

none

Imports none

82 Meal, Fish 79 108 124 120 120

327 Meal, Rapeseed 217 196 190 179 183

5,279 Meal, Soybean 4,319 4,103 4,950 4,490 5,010

1,340 Other 1,419 1,498 1,761 1,765 1,925

7,028 Total 6,034 5,905 7,025 6,554 7,238

none

Imports none

2,362 Oil, Palm 2,127 2,309 2,553 2,652 2,820

46 Oil, Rapeseed 45 61 68 68 69

644 Oil, Soybean 505 413 345 398 410

1,916 Oil, Sunflowerseed 1,760 1,654 2,206 1,855 1,875

175 Other 465 171 174 188 190

5,143 Total 4,902 4,608 5,346 5,161 5,364

none

Industrial Dom. Cons. none

180 Oil, Palm 185 185 185 190 190

35 Oil, Rapeseed 35 30 30 15 15

81 Oil, Soybean 137 126 125 135 138

30 Oil, Sunflowerseed 20 20 20 20 20

52 Other 69 58 54 58 57

378 Total 446 419 414 418 420

none

Food Use Dom. Cons. none

1,793 Oil, Palm 1,507 1,814 1,968 2,083 2,254

258 Oil, Rapeseed 279 324 270 229 227

845 Oil, Soybean 901 929 945 972 1,000

1,835 Oil, Sunflowerseed 1,951 2,077 2,321 2,434 2,532

619 Other 859 641 636 703 720

5,350 Total 5,497 5,785 6,140 6,421 6,733

none

Domestic Consumption none

1,973 Oil, Palm 1,692 1,999 2,153 2,273 2,444

293 Oil, Rapeseed 314 354 300 244 242

981 Oil, Soybean 1,116 1,135 1,125 1,157 1,188

1,885 Oil, Sunflowerseed 1,981 2,107 2,351 2,464 2,562

678 Other 935 705 700 768 784

5,810 Total 6,038 6,300 6,629 6,906 7,220

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

United Arab Emirates, West Banks, and Yemen.

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 47: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 26: European Union Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

none

Production none

21,306 Oilseed, Rapeseed 24,587 21,997 20,545 22,166 22,400

1,211 Oilseed, Soybean 1,832 2,320 2,410 2,667 2,750

9,054 Oilseed, Sunflowerseed 8,974 7,721 8,598 9,679 9,100

479 Other 510 409 418 493 497

32,050 Total 35,903 32,447 31,971 35,005 34,747

none

Domestic Consumption none

597 Meal, Fish 529 581 536 550 550

13,700 Meal, Rapeseed 14,200 13,800 13,850 14,050 14,300

28,042 Meal, Soybean 30,142 30,742 30,342 30,042 29,942

9,532 Other 9,369 9,181 9,920 10,189 10,239

51,871 Total 54,240 54,304 54,648 54,831 55,031

none

SME none

866 Meal, Fish 767 842 775 795 795

9,748 Meal, Rapeseed 10,103 9,819 9,854 9,997 10,174

28,000 Meal, Soybean 30,100 30,700 30,300 30,000 29,900

5,501 Other 5,394 5,242 5,799 5,994 6,027

44,114 Total 46,365 46,604 46,728 46,785 46,896

none

Imports none

372 Meal, Fish 279 284 193 200 200

457 Meal, Rapeseed 453 409 219 185 200

18,137 Meal, Soybean 19,623 19,207 18,924 18,500 18,500

5,656 Other 5,469 5,502 5,688 5,754 5,954

24,622 Total 25,824 25,402 25,024 24,639 24,854

none

Industrial Dom. Cons. none

3,350 Oil, Palm 3,400 3,400 3,700 3,550 3,550

6,865 Oil, Rapeseed 7,095 7,200 7,100 7,050 7,000

940 Oil, Soybean 990 930 850 870 890

310 Oil, Sunflowerseed 310 420 400 330 330

480 Other 515 475 515 525 535

11,945 Total 12,310 12,425 12,565 12,325 12,305

none

Food Use Dom. Cons. none

3,200 Oil, Palm 3,300 3,000 2,900 2,800 2,700

2,900 Oil, Rapeseed 3,200 2,800 3,000 3,100 3,300

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

3,350 Oil, Sunflowerseed 3,350 3,850 4,150 4,150 4,150

2,571 Other 2,317 2,358 2,146 2,337 2,437

13,021 Total 13,167 13,308 13,496 13,687 13,887

none

Domestic Consumption none

6,800 Oil, Palm 6,900 6,600 6,800 6,550 6,450

9,815 Oil, Rapeseed 10,345 10,050 10,150 10,200 10,350

1,990 Oil, Soybean 2,040 2,285 2,205 2,225 2,245

3,670 Oil, Sunflowerseed 3,670 4,280 4,560 4,490 4,490

3,076 Other 2,854 2,848 2,676 2,877 2,987

25,351 Total 25,809 26,063 26,391 26,342 26,522

none

Imports none

6,969 Oil, Palm 6,935 6,636 7,224 6,500 6,500

303 Oil, Rapeseed 261 207 153 150 150

329 Oil, Soybean 253 325 285 245 250

1,039 Oil, Sunflowerseed 829 1,418 1,834 1,450 1,500

1,341 Other 1,603 1,383 1,416 1,456 1,436

9,981 Total 9,881 9,969 10,912 9,801 9,836

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

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

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

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 48: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 27: China Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

none

Production none

16,972 Oilseed, Peanut 16,482 16,440 17,290 17,800 18,100

14,458 Oilseed, Rapeseed 14,772 14,931 14,546 14,400 14,200

11,951 Oilseed, Soybean 12,154 11,785 12,900 14,200 14,100

2,424 Oilseed, Sunflowerseed 2,492 2,698 2,990 3,120 3,250

12,835 Other 11,757 8,600 8,800 10,800 10,600

58,640 Total 57,657 54,454 56,526 60,320 60,250

none

Domestic Consumption none

1,599 Meal, Fish 1,474 1,439 2,019 1,440 1,450

11,287 Meal, Rapeseed 11,032 11,314 11,634 12,144 12,292

52,534 Meal, Soybean 57,467 62,663 68,646 74,270 79,814

9,360 Other 8,761 7,912 8,492 9,432 9,533

74,780 Total 78,734 83,328 90,791 97,286 103,089

none

SME none

2,319 Meal, Fish 2,137 2,087 2,928 2,081 2,095

7,718 Meal, Rapeseed 7,529 7,730 7,957 8,320 8,426

51,574 Meal, Soybean 56,487 61,663 67,596 73,170 78,664

8,127 Other 7,648 7,073 7,530 8,338 8,431

69,737 Total 73,801 78,553 86,011 91,909 97,616

none

Imports none

1,041 Meal, Fish 1,031 1,042 1,583 1,000 1,000

314 Meal, Rapeseed 142 359 875 1,150 1,000

20 Meal, Soybean 58 24 61 30 30

747 Other 553 403 657 550 570

2,122 Total 1,784 1,828 3,176 2,730 2,600

none

Food Use Dom. Cons. none

3,600 Oil, Palm 3,750 2,700 2,680 2,600 2,600

2,851 Oil, Peanut 2,819 2,919 2,999 3,110 3,166

7,400 Oil, Rapeseed 7,800 8,600 8,700 8,500 8,300

13,650 Oil, Soybean 14,200 15,350 16,350 17,300 18,450

1,010 Oil, Sunflowerseed 998 1,379 1,332 1,431 1,617

1,662 Other 1,563 1,272 1,296 1,558 1,546

30,173 Total 31,130 32,220 33,357 34,499 35,679

none

Domestic Consumption none

5,700 Oil, Palm 5,700 4,800 4,830 4,850 4,900

2,851 Oil, Peanut 2,819 2,919 2,999 3,110 3,166

7,400 Oil, Rapeseed 7,800 8,600 8,700 8,500 8,300

13,650 Oil, Soybean 14,200 15,350 16,350 17,300 18,450

1,010 Oil, Sunflowerseed 998 1,379 1,332 1,431 1,617

2,157 Other 2,141 1,832 1,891 2,138 2,126

32,768 Total 33,658 34,880 36,102 37,329 38,559

none

Imports none

5,573 Oil, Palm 5,696 4,689 4,881 4,900 4,950

74 Oil, Peanut 141 113 111 110 110

902 Oil, Rapeseed 732 768 802 700 700

1,353 Oil, Soybean 773 586 711 450 350

531 Oil, Sunflowerseed 534 878 725 750 900

671 Other 751 737 773 756 758

9,104 Total 8,627 7,771 8,003 7,666 7,768

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 49: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

Table 28: India Oilseeds and Products Supply and Distribution

Thousand Metric Tons

2013/14 2014/15 2015/16 2016/17 2017/18

May

2018/19

none

Production none

12,950 Oilseed, Cottonseed 12,525 10,996 11,463 12,100 12,100

6,482 Oilseed, Peanut 4,855 4,470 6,700 6,500 6,000

6,650 Oilseed, Rapeseed 5,080 5,920 7,091 5,850 6,500

9,477 Oilseed, Soybean 8,711 6,929 11,000 9,000 10,800

580 Oilseed, Sunflowerseed 383 320 275 277 350

725 Other 730 735 735 770 770

36,864 Total 32,284 29,370 37,264 34,497 36,520

none

Domestic Consumption none

4,230 Meal, Cottonseed 4,264 3,962 3,738 4,140 4,240

1,630 Meal, Peanut 1,242 1,108 1,566 1,505 1,515

2,115 Meal, Rapeseed 1,600 2,600 2,890 2,800 2,800

3,640 Meal, Soybean 4,500 4,460 4,857 5,390 5,900

271 Meal, Sunflowerseed 184 315 419 375 395

304 Other 376 435 446 480 485

12,190 Total 12,166 12,880 13,916 14,690 15,335

none

SME none

3,428 Meal, Cottonseed 3,455 3,210 3,029 3,355 3,436

1,827 Meal, Peanut 1,390 1,240 1,755 1,686 1,697

1,505 Meal, Rapeseed 1,138 1,850 2,056 1,992 1,992

3,500 Meal, Soybean 4,350 4,300 4,600 5,100 5,600

181 Meal, Sunflowerseed 123 210 279 250 263

132 Other 164 190 193 209 211

10,571 Total 10,621 11,000 11,913 12,592 13,200

none

Food Use Dom. Cons. none

1,250 Oil, Cottonseed 1,250 1,230 1,120 1,220 1,270

8,052 Oil, Palm 8,750 8,600 9,100 10,200 11,100

1,237 Oil, Peanut 1,040 864 1,155 1,198 1,200

2,300 Oil, Rapeseed 2,000 2,200 2,335 2,325 2,400

3,300 Oil, Soybean 4,100 5,200 5,300 5,100 5,200

1,500 Oil, Sunflowerseed 1,700 1,665 2,100 2,200 2,300

345 Other 380 265 240 246 260

17,984 Total 19,220 20,024 21,350 22,489 23,730

none

Domestic Consumption none

1,295 Oil, Cottonseed 1,295 1,275 1,165 1,265 1,315

8,302 Oil, Palm 9,150 9,100 9,650 10,800 11,720

1,247 Oil, Peanut 1,050 874 1,165 1,208 1,210

2,370 Oil, Rapeseed 2,080 2,280 2,420 2,405 2,480

3,300 Oil, Soybean 4,100 5,200 5,300 5,100 5,200

1,500 Oil, Sunflowerseed 1,700 1,665 2,100 2,200 2,300

643 Other 672 553 506 551 569

18,657 Total 20,047 20,947 22,306 23,529 24,794

none

Imports none

0 Oil, Cottonseed 0 0 0 0 0

7,820 Oil, Palm 9,139 8,860 9,341 10,600 11,500

0 Oil, Peanut 0 0 0 0 0

155 Oil, Rapeseed 383 383 317 370 380

1,804 Oil, Soybean 2,815 4,269 3,534 3,345 3,550

1,516 Oil, Sunflowerseed 1,575 1,492 2,151 1,950 2,200

202 Other 224 106 82 107 110

11,497 Total 14,136 15,110 15,425 16,372 17,740

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 50: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

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

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

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

2017/18 Oct 337 343 386 378 399 522 1,275 370 390 430 989 Nov 339 346 386 371 401 511 1,250 366 393 438 1,038 Dec 342 345 384 368 399 531 1,231 375 395 425 958 Jan 342 345 384 365 405 509 1,225 388 398 426 943 Feb 349 358 394 383 418 498 1,200 390 408 429 835 Mar 360 366 414 401 432 553 1,302 381 416 423 745 *Apr N/A 367 428 424 442 N/A 1,430 N/A 423 418 756 May Jun Jul Aug Sep Average N/A 353 397 384 414 N/A 1,273 N/A 403 427 895

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

* Preliminary Sept/Oct/Nov Shipment

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

11/ Phil/Indo CIF NW Europe; Oil World

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

Soybean Peanut Sunseed

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

5/10/2018 10:06:33 AM

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 51: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

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

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

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

2017/18 Oct 347 326 320 337 169 169 1,378 Nov 346 322 323 333 182 163 1,388 Dec 352 333 340 348 204 172 1,480 Jan 356 343 352 361 196 176 1,572 Feb 400 384 400 400 205 206 1,605 Mar 419 397 415 427 207 239 1,604 *Apr 425 419 458 447 212 259 1,578 May Jun Jul Aug Sep Average 378 361 373 379 196 198 1,515

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

280281244302

U.S.5/

298

166

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

Soybean SunseedCottonseed RapeseedHamb

9/

265

184298195221278

236230

252252

198198221219

246245232215

335

267

323269

213

232

210216239

295353

256285334356

244240

303366416

288

221217211225

238239238238

217

5/10/2018 10:06:33 AM

208204216241

289 248

267293305290

Foreign Agricultural Service/USDA May 2018Office of Global Analysis

Page 52: Agriculture World Markets and Trade - Cornell University · 2018-09-13 · Agriculture Foreign Agricultural Service Oilseeds: World Markets and Trade Approved by the World Agricultural

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

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

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

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

2017/18 Oct 713 770 775 867 817 1,235 788 1,443 1,410 681 889 1,485 771 Nov 737 781 786 881 816 1,224 795 1,433 1,368 670 930 1,549 760 Dec 711 753 758 866 755 1,208 787 1,437 1,356 619 879 1,456 749 Jan 697 759 766 864 722 1,224 784 1,458 1,335 650 848 1,399 676 Feb 675 748 753 842 693 1,213 794 1,469 1,325 654 829 1,252 655 Mar 668 747 749 834 691 1,190 790 1,477 1,325 658 798 1,124 654 *Apr 655 730 735 827 688 1,190 802 1,474 1,330 651 794 1,135 650 May Jun Jul Aug Sep Average 694 755 760 854 740 1,212 791 1,456 1,350 655 852 1,343 7021/ Decatur; Average Wholesale Tank Crude; USDA. 2/ Brazil Paranagua, FOB Crude; IGC.3/ Argentina Up River, FOB Crude; IGC 4/ Dutch FOB; Ex-Mill; Oil World. 5/ PBSY Greenwood MS; USDA. 6/ Minneapolis FOB; USDA. 7/ EU FOB NW Euro; Oil World. 8/ South East Mills FOB; Tank Cars Crude; USDA. 9/ Rotterdam CIF; Any Origin; Oil World. 10/ Malaysia FOB; RBD; Oil World. 11/ Rotterdam, Dutch FOBEx-Mill; Oilworld. 12/ Rotterdam CIF; Phil/Indo; Oil World. 13/ Chicago; Crude; AMS * Preliminary

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

5/10/2018 10:06:33 AM

Soybean Sunseed Peanut

Foreign Agricultural Service/USDA May 2018Office of Global Analysis