soybean and oilseed meal import prospects higher …...2018/08/10  · oilseed, rapeseed imports...

39
United States Department of Agriculture Foreign Agricultural Service Approved by the World Agricultural Outlook Board/USDA August 2018 Soybean and Oilseed Meal Import Prospects Higher as Severe Weather Damages EU Crops The 2018/19 oilseeds production forecast for the European Union has been reduced significantly since USDA’s first projections published in May. Although prospects for sunflowerseed have improved, lower rapeseed yields are dragging production below last year i . Additionally, EU wheat and coarse grains crop projections are cut again this month resulting in expected lower feed grains consumption. Reductions in rapeseed and coarse grain supplies can be offset with higher rapeseed and corn imports; reduced availability of feed-quality wheat may be partially offset with imported soybeans and oilseeds meals. For that reason, 2018/19 soybean and soybean meal import projections are boosted to 15.8 and 18.5 million tons, respectively. Additionally, rapeseed and sunflowerseed meal import forecasts are adjusted higher following improved production prospects for both crops in Ukraine. Meanwhile, the 2017/18 EU soybean import forecast remains unchanged at 14.1 million tons. Lower U.S. soybean prices vis-à-vis Brazil, a result of China’s duties imposed on U.S.-origin soybeans, have contributed to a surge in EU imports from the United States. While China substitutes U.S. soybeans by maximizing purchases from Brazil, the rest of the world is taking advantage of competitively priced U.S. supplies and the improved crush margins that have resulted. The recent shift to 0 5 10 15 20 2014/15 2015/16 2016/17 2017/18 2018/19 forecast Million Tons EU-28 Major Oilseed Imports Soybean Soybean Meal Rapeseed and Sunflower Meal Imports 0 4 8 12 16 Million Tons EU Soybean Import Brazil United States ROW 0 1 2 3 4 5 6 1 5 9 13 17 21 25 29 33 37 41 45 49 53 Million Tons U.S. Soybean Accumulated Exports to the EU-28 2013/14 2014/15 2015/16 2016/17 2017/18 Week

Upload: others

Post on 06-Jul-2020

5 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

United States Department of Agriculture Foreign Agricultural Service

Approved by the World Agricultural Outlook Board/USDA

August 2018

Soybean and Oilseed Meal Import Prospects Higher

as Severe Weather Damages EU Crops

The 2018/19 oilseeds production forecast for the European Union has been reduced significantly

since USDA’s first projections published in May. Although prospects for sunflowerseed have

improved, lower rapeseed yields are dragging production below last yeari. Additionally, EU

wheat and coarse grains crop projections are cut again this month resulting in expected lower

feed grains consumption. Reductions in rapeseed and coarse grain supplies can be offset with

higher rapeseed and corn imports; reduced availability of feed-quality wheat may be partially

offset with imported soybeans and oilseeds meals. For that reason, 2018/19 soybean and

soybean meal import projections are boosted to 15.8 and 18.5 million tons, respectively.

Additionally, rapeseed and sunflowerseed meal import forecasts are adjusted higher following

improved production prospects for both crops in Ukraine.

Meanwhile, the 2017/18 EU soybean import

forecast remains unchanged at 14.1 million

tons. Lower U.S. soybean prices vis-à-vis

Brazil, a result of China’s duties imposed on

U.S.-origin soybeans, have contributed to a

surge in EU imports from the United States.

While China substitutes U.S. soybeans by

maximizing purchases from Brazil, the rest of

the world is taking advantage of competitively

priced U.S. supplies and the improved crush

margins that have resulted. The recent shift to

0

5

10

15

20

2014/15 2015/16 2016/17 2017/18 2018/19forecast

Mill

ion

To

ns

EU-28 Major Oilseed Imports

Soybean Soybean Meal Rapeseed and Sunflower Meal Imports

0

4

8

12

16

Mill

ion

To

ns

EU Soybean Import

Brazil United States ROW

0

1

2

3

4

5

6

1 5 9 13 17 21 25 29 33 37 41 45 49 53

Mill

ion

To

ns

U.S. Soybean Accumulated Exports to the EU-28

2013/14 2014/15 2015/162016/17 2017/18

Week

Page 2: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

U.S. origin is likely to continue as long as crush margins remain attractive. However, it is

important to note that the European Union is a mature market with limited capacity to expand.

According to industry contacts, oilseeds processors are crushing at or near capacity which limits

soybean import growth.

*** Special thanks to FAS/Paris, Berlin, The Hague, and Spain for contributions to the article ***

China 2018/19 Soybean Consumption Prospects Down Further;

2017/18 Import and Crush Lowered.

In line with this year’s reduced crush, 2018/19 soybean crush is lowered by 1.5 million tons to

95.0 million. USDA forecasts China oilseed meals consumption at 92.3 million tons (soybean

meal-equivalent basis), which represents slowing growth in annual consumption at 3.2 percent.

This is below last month’s estimate of 3.8 percent.

2017/18 Crush Update:

Large pork supplies that are pressuring prices, along with higher soybean import prices that are

eroding crush margins, have significantly slowed soybean processing. As a result, USDA further

lowers China’s 2017/18 soybean crush this month to 91.0 million tons. Lower meal output is

partially offset with higher fishmeal and sunflowerseed meal imports. In 2017/18, China is

projected to consume 89.5 million tons of oilseed meals (soybean meal-equivalent basis), 4.0

percent above last year. This is below last month’s forecast of 4.6 percent annual growth.

2017/18 Import Update:

Between October 2017 and July 2018, China imported nearly 77.0 million tons of soybeans,

almost replicating last marketing year. Based on available trade-to-date information, USDA is

cutting 2017/18 China soybean imports by 1.0 million tons to 96.0 million. Even though,

soybean arrivals in recent months have been below expectations, partly in response to port

congestion, USDA still expects robust imports in August and September, mostly Brazilian

origin.

i For more details on the EU production forecast, please go to World Agriculture Production

Foreign Agricultural Service/USDA 2 August 2018Office of Global Analysis

Page 3: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

OVERVIEW

SOYBEAN AND SOYBEAN MEAL EXPORT PRICES

U.S. soybean export bids in July, FOB Gulf, averaged $335/ton, down $29 from June. In

comparison, FOB Brazil Paranagua averaged $393/ton, up $7 from last month. FOB Argentina Up

River averaged $380/ton, down $2 from last month. Prices in the United States continued to fall at

the beginning of July in anticipation of a 25-percent tariff duty on U.S. soybeans to China and

uncertainty regarding its impact on trade. U.S. soybean FOB prices reached a minimum on July 13

and have since risen, supported by year-over-year increases in exports and domestic crush.

310320330340350360370380390400410420430440450

1/6

/20

17

13

/6/2

01

7

23

/6/2

01

7

5/7

/20

17

17

/7/2

01

7

27

/7/2

01

7

8/8

/20

17

18

/8/2

01

7

30

/8/2

01

7

11

/9/2

01

7

21

/9/2

01

7

3/1

0/2

01

7

13

/10

/20

17

25

/10

/20

17

6/1

1/2

01

7

16

/11

/20

17

28

/11

/20

17

8/1

2/2

01

7

20

/12

/20

17

1/1

/20

18

11

/1/2

01

8

23

/1/2

01

8

2/2

/20

18

14

/2/2

01

8

26

/2/2

01

8

8/3

/20

18

20

/3/2

01

8

30

/3/2

01

8

11

/4/2

01

8

23

/4/2

01

8

3/5

/20

18

15

/5/2

01

8

25

/5/2

01

8

6/6

/20

18

18

/6/2

01

8

28

/6/2

01

8

10

/7/2

01

8

20

/7/2

01

8

1/8

/20

18

FOB

($

/MT)

Soybean Export Prices

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

2018/19

Global oilseed production is forecast higher this month at nearly 603.0 million tons. Soybean

production is up at 367.1 million tons on gains in the United States. The rapeseed crop forecast

is lower this month as reductions for the European Union exceed gains for Russia and Ukraine.

The sunflowerseed production forecast is significantly higher this month on gains for Ukraine,

Russia, the European Union, Moldova, Serbia, and Turkey. Global soybean imports are raised,

driven by projected gains for the European Union. Soybean exports are up with projected

increases for the United States and Serbia. The global stocks forecast is significantly higher this

month on larger supplies in the United States, Argentina, and China that more than offset

reductions for Brazil. The U.S. season-average farm price for soybeans is projected down $0.35

at $8.90 per bushel.

2017/18

Global oilseed production is slightly lower this month at 573.4 million tons following reduced

palm kernel crop estimates for Malaysia. Global soybean imports are down this month on lower

shipments to China. Exports are higher with gains for the United States and Brazil. Global

soybean ending stocks are down this month on reductions for the United States and Brazil

offsetting gains in Argentina. The U.S. season average farm price for soybeans is unchanged at

$9.35 per bushel.

Foreign Agricultural Service/USDA 3 August 2018Office of Global Analysis

Page 4: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

U.S. soybean meal export bids in July, FOB Gulf, averaged $390/ton, down $17 from June. FOB

Brazil Paranagua averaged $376/ton, down $14 from last month. FOB Argentina Up River

averaged $376/ton, down $9.

EXPORT SALES

For the week ending August 2, U.S. 2017/18 soybean export commitments (outstanding sales plus

accumulated exports) to China totaled 27.9 million tons compared to 36.3 million a year ago. Total

commitments to the world are 58.6 million tons, compared to 60.7 million for the same period last

year.

280

300

320

340

360

380

400

420

440

460

480

1/6

/20

17

13

/6/2

01

7

23

/6/2

01

7

5/7

/20

17

17

/7/2

01

7

27

/7/2

01

7

8/8

/20

17

18

/8/2

01

7

30

/8/2

01

7

11

/9/2

01

7

21

/9/2

01

7

3/1

0/2

01

7

13

/10

/20

17

25

/10

/20

17

6/1

1/2

01

7

16

/11

/20

17

28

/11

/20

17

8/1

2/2

01

7

20

/12

/20

17

1/1

/20

18

11

/1/2

01

8

23

/1/2

01

8

2/2

/20

18

14

/2/2

01

8

26

/2/2

01

8

8/3

/20

18

20

/3/2

01

8

30

/3/2

01

8

11

/4/2

01

8

23

/4/2

01

8

3/5

/20

18

15

/5/2

01

8

25

/5/2

01

8

6/6

/20

18

18

/6/2

01

8

28

/6/2

01

8

10

/7/2

01

8

20

/7/2

01

8

1/8

/20

18

FOB

($

/MT)

Soybean Meal Export Prices

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

0

1

2

3

4

5

6

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

Mill

ion

To

ns

China Unknown Rest of World

Old Crop Outstanding Sales, As of August 2

0

2

4

6

8

10

12

14

16

18

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

Mill

ion

To

ns

China Unknown Rest of World

New Crop Outstanding Sales, As of August 2

Foreign Agricultural Service/USDA 4 August 2018Office of Global Analysis

Page 5: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

2018/19 OUTLOOK CHANGES

Country Commodity Attribute Previous Current Change Reason

United States

Oilseed, Soybean Exports 55,520 56,064 544 Greater soybean crop prospects and

competitive export prices Meal, Soybean Exports 11,884 12,111 227

Argentina Oil, Soybean Exports 5,325 5,100 -225 Expectations of slower crush and

production until 2019 harvest

Canada Meal, Rapeseed Exports 4,850 4,750 -100 Strong domestic demand limits

export availability

China

Meal, Fish Imports 1,000 1,100 100 Higher protein demand with reduced

soybean crush

Oil, Rapeseed Imports 900 1,000 100 Stronger oil demand with reduced

soybean crush

Oil, Sunflowerseed Imports 700 800 100 Increased oil demand with reduced

soybean crush

European Union

Meal, Soybean Imports 18,300 18,500 200

Lower domestic rapeseed crush and

higher sunflowerseed oil exportable

supplies for Ukraine

Meal,

Sunflowerseed

Imports 3,500 3,800 300

Oil, Sunflowerseed Imports 1,500 1,650 150

Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop

projections and greater exportable

supplies for Ukraine

Oilseed, Soybean Imports 15,300 15,800 500 Lower domestic crop projections for

feed grains

India

Oil, Soybean Imports 3,600 3,400 -200 Tighter available supplies from

Argentina

Oil, Sunflowerseed Imports 1,800 2,000 200 Offsetting lower soybean oil imports

Malaysia Oil, Palm Exports 17,700 17,900 200 Maintaining year-over-year growth

Russia

Meal, Rapeseed Exports 150 250 100

Greater oilseed production prospects

and crush

Meal,

Sunflowerseed

Exports 1,100 1,200 100

Oil, Sunflowerseed Exports 2,000 2,100 100

Serbia Oilseed, Soybean Exports 50 150 100 Greater soybean crop prospects

Turkey Oilseed,

Sunflowerseed

Imports 600 500 -100 Greater domestic sunflowerseed

production

Ukraine

Meal,

Sunflowerseed

Exports 4,350 4,600 250

Greater oilseed production prospects

and crush Oil, Sunflowerseed Exports 5,150 5,500 350

Oilseed, Rapeseed Exports 2,050 2,450 400

Note: All figures are in thousand metric tons.

Foreign Agricultural Service/USDA 5 August 2018Office of Global Analysis

Page 6: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

2017/18 OUTLOOK CHANGES

Country Commodity Attribute Previous Current Change Reason

United States

Oilseed, Soybean Exports 56,744 57,425 681

Stronger pace of trade Meal, Soybean Exports 12,247 12,791 544

Argentina

Meal, Soybean Exports 27,650 26,200 -1,450 Continued slow export and crush

pace

Oil, Soybean Exports 4,675 3,850 -825 Slower pace of exports and reduced

production

Oilseed, Soybean Imports 3,750 3,900 150 Stronger import pace

Brazil

Meal, Soybean Exports 15,700 16,350 650 Stronger pace of trade

Oil, Soybean Exports 1,425 1,525 100 Stronger pace of trade

Oilseed, Soybean Exports 74,650 75,500 850 Record July exports

Canada Meal, Rapeseed Exports 4,800 4,550 -250 Slowing pace of exports

China

Meal, Fish Imports 1,000 1,200 200 Pace of trade

Oil, Rapeseed Imports 900 1,000 100 Pace of trade

Oilseed, Soybean Imports 97,000 96,000 -1,000 Large supplies at port, reduced crush

slows imports

Egypt Meal, Soybean Imports 900 700 -200 Larger crush reduces need for meal

imports

India

Oil, Palm Imports 10,600 10,700 100 Offsetting reduced soy oil imports

Oil, Soybean Imports 3,300 3,100 -200 Slow pace of imports from

Argentina

Oil, Sunflowerseed Imports 2,100 2,200 100 Offsetting reduced soy oil imports

Malaysia Oil, Palm Exports 17,250 17,450 200 Increased trade pace

Peru Meal, Fish Exports 810 1,000 190 Higher catch forecast coupled with

strong pace of trade

Ukraine Meal,

Sunflowerseed

Exports 4,650 4,550 -100 Slower pace of trade

Note: All figures are in thousand metric tons.

Foreign Agricultural Service/USDA 6 August 2018Office of Global Analysis

Page 7: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

Questions may be directed to:

Bill George (202) 720-6234 [email protected]

Agata Kingsbury (202) 260-8910 [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 7 August 2018Office of Global Analysis

Page 8: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 8 August 2018Office of Global Analysis

Page 9: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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

Million Metric Tons

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

Jul

2018/19

Aug

2018/19

none

Production none

5.42 Oilseed, Copra 5.32 5.51 5.73 5.83 5.83

44.36 Oilseed, Cottonseed 35.78 39.09 45.04 44.15 44.37

16.57 Oilseed, Palm Kernel 15.96 17.36 18.45 19.21 19.21

42.13 Oilseed, Peanut 41.71 44.86 45.45 44.57 44.58

71.29 Oilseed, Rapeseed 69.81 71.33 74.71 72.44 72.15

319.96 Oilseed, Soybean 315.58 348.12 336.70 359.49 367.10

39.17 Oilseed, Sunflowerseed 40.54 47.97 47.31 46.90 49.88

538.89 Total 524.69 574.23 573.40 592.59 603.12

none

Imports none

0.10 Oilseed, Copra 0.13 0.11 0.12 0.10 0.10

0.68 Oilseed, Cottonseed 0.68 0.97 0.94 0.88 0.88

0.07 Oilseed, Palm Kernel 0.06 0.06 0.07 0.07 0.07

2.52 Oilseed, Peanut 3.31 3.12 3.17 3.27 3.27

14.32 Oilseed, Rapeseed 14.42 15.66 16.04 16.79 16.99

124.36 Oilseed, Soybean 133.34 144.32 153.48 154.36 154.83

1.56 Oilseed, Sunflowerseed 1.87 2.18 2.22 2.09 1.99

143.60 Total 153.80 166.41 176.04 177.56 178.13

none

Exports none

0.11 Oilseed, Copra 0.13 0.14 0.13 0.14 0.14

0.72 Oilseed, Cottonseed 0.71 0.89 1.01 0.96 0.96

0.04 Oilseed, Palm Kernel 0.04 0.08 0.05 0.05 0.05

3.33 Oilseed, Peanut 3.54 3.74 3.68 3.66 3.66

15.11 Oilseed, Rapeseed 14.35 15.80 16.52 17.04 17.47

126.21 Oilseed, Soybean 132.52 147.35 153.70 157.32 157.96

1.66 Oilseed, Sunflowerseed 2.01 2.44 2.41 2.13 2.26

147.17 Total 153.30 170.43 177.49 181.30 182.50

none

Crush none

5.38 Oilseed, Copra 5.30 5.45 5.70 5.78 5.78

33.79 Oilseed, Cottonseed 28.37 29.17 34.02 34.42 34.38

16.51 Oilseed, Palm Kernel 15.88 17.22 18.33 19.10 19.10

16.81 Oilseed, Peanut 16.93 18.34 18.52 18.75 18.75

67.40 Oilseed, Rapeseed 67.82 69.00 69.38 70.10 69.70

264.81 Oilseed, Soybean 275.02 287.35 294.36 309.31 308.67

35.62 Oilseed, Sunflowerseed 36.64 43.03 43.77 43.19 45.44

440.33 Total 445.96 469.57 484.06 500.64 501.81

none

Ending Stocks none

0.10 Oilseed, Copra 0.08 0.07 0.08 0.07 0.07

1.66 Oilseed, Cottonseed 0.89 1.40 1.80 1.52 1.53

0.26 Oilseed, Palm Kernel 0.24 0.24 0.27 0.26 0.28

4.23 Oilseed, Peanut 3.55 3.55 3.61 2.77 2.74

7.55 Oilseed, Rapeseed 6.57 5.65 7.47 6.34 6.41

77.96 Oilseed, Soybean 80.45 96.67 95.61 98.27 105.94

2.90 Oilseed, Sunflowerseed 2.65 3.37 2.83 2.47 2.98

94.66 Total 94.43 110.95 111.65 111.69 119.94

Totals may not add due to rounding

Foreign Agricultural Service/USDA 9 August 2018Office of Global Analysis

Page 10: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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

Million Metric Tons

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

Jul

2018/19

Aug

2018/19

none

Production none

1.80 Meal, Copra 1.77 1.81 1.92 1.93 1.93

15.53 Meal, Cottonseed 13.07 13.44 15.69 15.85 15.84

4.69 Meal, Fish 4.51 4.89 4.83 4.60 4.71

8.60 Meal, Palm Kernel 8.31 8.94 9.54 9.92 9.92

6.68 Meal, Peanut 6.72 7.31 7.38 7.48 7.48

38.98 Meal, Rapeseed 39.35 39.90 40.12 40.59 40.34

208.52 Meal, Soybean 215.86 225.52 231.14 243.31 242.71

16.16 Meal, Sunflowerseed 16.50 19.33 19.79 19.51 20.51

300.95 Total 306.09 321.13 330.41 343.19 343.43

none

Imports none

0.67 Meal, Copra 0.56 0.47 0.52 0.51 0.53

0.25 Meal, Cottonseed 0.21 0.24 0.24 0.23 0.23

2.50 Meal, Fish 2.46 3.06 2.64 2.45 2.55

6.83 Meal, Palm Kernel 6.41 7.58 7.66 7.71 7.71

0.03 Meal, Peanut 0.02 0.13 0.07 0.07 0.07

5.99 Meal, Rapeseed 5.70 5.89 6.10 6.11 6.11

60.69 Meal, Soybean 61.86 60.54 60.25 62.22 62.46

5.53 Meal, Sunflowerseed 5.95 6.95 7.30 6.57 6.92

82.49 Total 83.18 84.85 84.76 85.87 86.57

none

Exports none

0.73 Meal, Copra 0.59 0.48 0.59 0.60 0.60

0.32 Meal, Cottonseed 0.25 0.34 0.37 0.37 0.37

2.28 Meal, Fish 2.21 2.53 2.48 2.32 2.37

6.46 Meal, Palm Kernel 6.38 6.74 7.07 7.23 7.28

0.05 Meal, Peanut 0.05 0.16 0.10 0.09 0.09

6.07 Meal, Rapeseed 5.69 6.03 5.88 6.13 6.13

64.40 Meal, Soybean 65.50 64.48 63.96 65.15 65.43

5.87 Meal, Sunflowerseed 6.23 7.44 7.35 6.84 7.21

86.18 Total 86.91 88.19 87.79 88.72 89.48

none

Domestic Consumption none

1.72 Meal, Copra 1.73 1.78 1.81 1.83 1.85

15.47 Meal, Cottonseed 13.19 13.32 15.55 15.72 15.71

4.87 Meal, Fish 4.75 5.43 4.97 4.79 4.89

8.93 Meal, Palm Kernel 8.40 9.78 10.06 10.16 10.16

6.65 Meal, Peanut 6.66 7.31 7.35 7.46 7.46

38.85 Meal, Rapeseed 39.25 39.85 40.49 40.60 40.36

201.56 Meal, Soybean 213.09 222.04 229.62 240.32 239.69

15.58 Meal, Sunflowerseed 16.18 19.10 20.11 19.48 20.30

293.63 Total 303.24 318.61 329.95 340.36 340.42

none

Ending Stocks none

0.13 Meal, Copra 0.13 0.15 0.18 0.19 0.19

0.22 Meal, Cottonseed 0.07 0.09 0.10 0.09 0.09

0.26 Meal, Fish 0.27 0.26 0.28 0.22 0.28

0.64 Meal, Palm Kernel 0.58 0.58 0.65 0.97 0.84

0.03 Meal, Peanut 0.06 0.03 0.03 0.03 0.03

0.98 Meal, Rapeseed 1.10 1.00 0.85 0.76 0.81

14.09 Meal, Soybean 13.22 12.76 10.57 11.93 10.62

1.66 Meal, Sunflowerseed 1.69 1.43 1.07 0.80 0.98

17.99 Total 17.11 16.30 13.73 14.98 13.84

Totals may not add due to rounding

Foreign Agricultural Service/USDA 10 August 2018Office of Global Analysis

Page 11: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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

Million Metric Tons

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

Jul

2018/19

Aug

2018/19

none

Production none

3.37 Oil, Coconut 3.32 3.39 3.54 3.60 3.60

5.12 Oil, Cottonseed 4.29 4.41 5.15 5.23 5.23

2.40 Oil, Olive 3.13 2.48 3.27 3.15 3.15

61.75 Oil, Palm 58.89 65.26 69.60 72.76 72.76

7.32 Oil, Palm Kernel 7.00 7.63 8.11 8.41 8.41

5.44 Oil, Peanut 5.48 5.94 6.00 6.08 6.08

27.53 Oil, Rapeseed 27.78 28.21 28.40 28.69 28.52

49.30 Oil, Soybean 51.53 53.69 54.88 57.68 57.58

14.96 Oil, Sunflowerseed 15.38 18.17 18.40 18.15 19.10

177.18 Total 176.79 189.18 197.35 203.74 204.42

none

Imports none

1.82 Oil, Coconut 1.61 1.50 1.54 1.46 1.46

0.07 Oil, Cottonseed 0.05 0.05 0.05 0.05 0.05

0.90 Oil, Olive 0.79 0.79 0.88 0.87 0.87

44.47 Oil, Palm 42.37 45.48 47.47 49.53 49.53

3.06 Oil, Palm Kernel 2.63 2.69 2.74 2.76 2.76

0.25 Oil, Peanut 0.25 0.23 0.24 0.23 0.23

3.95 Oil, Rapeseed 4.13 4.39 4.59 4.65 4.74

10.03 Oil, Soybean 11.64 10.84 9.86 10.87 10.67

6.18 Oil, Sunflowerseed 7.02 8.91 8.14 7.81 8.25

70.73 Total 70.49 74.87 75.49 78.22 78.56

none

Exports none

1.94 Oil, Coconut 1.58 1.73 1.69 1.69 1.69

0.14 Oil, Cottonseed 0.06 0.07 0.09 0.08 0.08

0.99 Oil, Olive 0.87 0.88 1.00 0.99 0.99

47.39 Oil, Palm 43.74 48.91 50.55 52.44 52.64

3.23 Oil, Palm Kernel 3.02 3.08 3.21 3.25 3.25

0.26 Oil, Peanut 0.26 0.27 0.28 0.28 0.28

4.07 Oil, Rapeseed 4.17 4.52 4.59 4.61 4.74

11.12 Oil, Soybean 11.77 11.25 10.02 11.33 11.09

7.38 Oil, Sunflowerseed 8.10 10.40 9.59 9.20 9.69

76.52 Total 73.57 81.12 81.01 83.88 84.45

none

Domestic Consumption none

3.29 Oil, Coconut 3.26 3.21 3.28 3.26 3.27

5.05 Oil, Cottonseed 4.40 4.38 5.06 5.21 5.20

2.65 Oil, Olive 2.81 2.59 2.86 3.05 3.05

58.21 Oil, Palm 58.90 61.52 65.35 68.67 68.67

7.21 Oil, Palm Kernel 6.81 7.16 7.54 7.87 7.87

5.43 Oil, Peanut 5.46 5.83 5.98 6.07 6.07

27.04 Oil, Rapeseed 28.31 29.09 29.15 29.18 28.92

47.73 Oil, Soybean 52.10 53.39 54.87 57.15 57.15

14.11 Oil, Sunflowerseed 15.22 16.65 17.03 17.02 17.56

170.73 Total 177.27 183.81 191.11 197.47 197.74

none

Ending Stocks none

0.29 Oil, Coconut 0.38 0.34 0.46 0.56 0.56

0.22 Oil, Cottonseed 0.10 0.10 0.15 0.13 0.14

0.31 Oil, Olive 0.53 0.34 0.63 0.61 0.61

10.24 Oil, Palm 8.86 9.17 10.34 12.23 11.33

0.87 Oil, Palm Kernel 0.68 0.75 0.85 0.97 0.90

0.24 Oil, Peanut 0.24 0.32 0.29 0.25 0.25

5.91 Oil, Rapeseed 5.35 4.33 3.57 3.18 3.18

4.36 Oil, Soybean 3.67 3.55 3.40 3.51 3.41

2.60 Oil, Sunflowerseed 1.68 1.71 1.63 1.41 1.74

25.05 Total 21.49 20.60 21.33 22.85 22.11

Totals may not add due to rounding

Foreign Agricultural Service/USDA 11 August 2018Office of Global Analysis

Page 12: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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

Million Metric Tons

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

Jul

2018/19

Aug

2018/19

Production none

116.03 United States 115.88 126.94 131.03 127.83 135.55

100.15 Brazil 99.02 117.59 123.30 124.41 124.43

66.31 Argentina 63.10 60.17 41.63 61.91 61.99

57.66 China 54.45 56.53 60.32 60.45 60.45

32.28 India 29.37 37.26 34.06 36.61 36.61

166.47 Other 162.87 175.75 183.07 181.38 184.10

538.89 Total 524.69 574.23 573.40 592.59 603.12

Imports none

83.15 China 87.93 98.42 101.23 100.95 100.95

17.35 European Union 20.14 19.28 19.80 20.99 21.69

5.73 Mexico 5.82 6.03 6.56 6.67 6.67

5.70 Japan 5.78 5.79 5.96 6.06 6.06

1.67 Pakistan 2.62 2.79 3.26 3.56 3.56

2.51 Thailand 2.91 3.18 3.26 3.36 3.36

2.25 Indonesia 2.52 3.00 3.06 3.27 3.27

2.01 Egypt 1.37 2.18 3.14 3.22 3.22

3.12 Turkey 2.98 3.01 3.30 3.24 3.14

2.24 Russia 2.65 2.60 2.61 2.71 2.71

17.86 Other 19.08 20.14 23.87 23.53 23.50

143.60 Total 153.80 166.41 176.04 177.56 178.13

Exports none

50.85 Brazil 54.65 63.37 75.77 75.28 75.28

51.11 United States 53.97 60.08 58.67 56.66 57.20

13.01 Canada 14.55 15.64 16.53 17.13 17.13

11.56 Argentina 11.21 7.88 3.97 8.87 8.87

4.62 Paraguay 5.41 6.13 6.25 5.91 5.91

4.43 Ukraine 3.89 4.13 4.86 5.00 5.50

3.11 Uruguay 2.12 3.21 1.65 2.92 2.92

8.47 Other 7.50 9.99 9.79 9.54 9.70

147.17 Total 153.30 170.43 177.49 181.30 182.50

Crush none

112.09 China 117.80 124.52 130.50 136.28 134.78

55.11 United States 55.06 56.26 59.77 60.21 60.62

47.84 European Union 46.74 46.97 48.13 48.28 48.63

43.39 Argentina 46.37 46.72 41.65 46.87 46.89

42.94 Brazil 41.85 42.91 46.21 46.01 46.02

25.15 India 22.70 27.61 26.53 28.33 28.33

13.08 Russia 13.59 15.40 15.85 16.35 16.95

11.45 Ukraine 12.93 15.58 14.75 14.35 15.50

10.25 Indonesia 10.02 10.98 11.58 11.95 11.95

9.15 Canada 10.32 11.14 11.20 11.30 11.35

6.41 Mexico 6.49 6.73 7.34 7.59 7.59

5.96 Pakistan 5.58 5.88 6.60 7.20 7.20

5.56 Malaysia 5.21 5.38 5.64 5.99 5.99

4.30 Turkey 3.68 4.05 4.68 4.85 5.00

4.66 Japan 4.73 4.86 4.83 4.88 4.88

43.01 Other 42.91 44.59 48.84 50.23 50.15

440.33 Total 445.96 469.57 484.06 500.64 501.81

Ending Stocks none

33.42 Argentina 34.86 37.19 32.08 33.79 35.24

19.21 Brazil 18.66 26.57 24.31 24.85 24.00

6.76 United States 6.87 9.60 13.65 17.65 23.19

18.60 China 18.32 21.93 24.75 20.36 21.95

3.02 Canada 2.34 1.65 3.30 3.25 3.20

13.65 Other 13.38 14.02 13.58 11.80 12.35

94.66 Total 94.43 110.95 111.65 111.69 119.94

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

Foreign Agricultural Service/USDA 12 August 2018Office of Global Analysis

Page 13: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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

Million Metric Tons

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

Jul

2018/19

Aug

2018/19

Production none

78.57 China 83.55 88.77 92.55 97.09 95.90

43.21 United States 42.78 43.11 46.35 46.49 46.72

32.29 Argentina 34.51 34.72 30.20 34.70 34.71

32.48 Brazil 31.74 32.46 34.82 34.66 34.67

30.63 European Union 30.16 30.17 30.91 31.21 31.50

83.78 Other 83.34 91.90 95.58 99.04 99.93

300.95 Total 306.09 321.13 330.41 343.19 343.43

Imports none

25.82 European Union 25.40 25.02 24.68 24.25 24.75

4.97 Vietnam 5.71 5.67 5.49 5.70 5.70

4.04 Indonesia 4.30 4.35 4.49 4.70 4.70

3.87 United States 4.08 3.92 3.79 3.79 3.79

3.65 Thailand 2.98 3.32 3.40 3.43 3.43

3.42 Korea, South 3.39 3.03 3.17 3.21 3.21

2.31 Japan 2.60 2.93 3.03 3.13 3.13

34.39 Other 34.72 36.60 36.73 37.66 37.86

82.49 Total 83.18 84.85 84.76 85.87 86.57

Exports none

29.19 Argentina 31.09 32.13 27.08 30.70 30.70

14.29 Brazil 15.41 13.76 16.35 15.00 15.00

12.14 United States 11.18 10.83 13.10 12.26 12.48

3.74 Ukraine 4.35 5.19 5.00 4.77 5.07

3.86 Canada 4.44 4.98 4.85 5.16 5.06

4.28 Indonesia 4.12 4.51 4.79 4.89 4.89

2.59 Paraguay 2.56 2.41 2.43 2.58 2.58

16.09 Other 13.77 14.38 14.19 13.36 13.69

86.18 Total 86.91 88.19 87.79 88.72 89.48

Domestic Consumption none

78.73 China 83.33 90.79 94.90 98.85 97.82

54.24 European Union 54.30 54.65 54.52 54.45 55.23

34.94 United States 35.69 36.08 37.03 38.02 38.02

16.88 Brazil 17.46 18.12 19.02 19.71 19.70

12.17 India 12.88 13.92 14.47 15.01 15.01

5.32 Russia 5.87 6.62 7.24 7.87 7.90

6.37 Mexico 6.97 7.06 7.27 7.52 7.52

5.85 Vietnam 6.47 6.84 7.07 7.29 7.29

5.54 Japan 5.87 6.29 6.41 6.49 6.49

5.32 Thailand 5.37 5.43 5.51 5.65 5.65

68.27 Other 69.03 72.81 76.53 79.51 79.80

293.63 Total 303.24 318.61 329.95 340.36 340.42

SME none

73.80 China 78.55 86.01 89.47 93.34 92.34

46.36 European Union 46.60 46.73 46.56 46.68 47.38

33.56 United States 34.28 34.65 35.69 36.63 36.63

16.64 Brazil 17.26 17.88 18.71 19.39 19.38

10.62 India 11.00 11.91 12.35 12.89 12.89

5.97 Mexico 6.57 6.66 6.86 7.10 7.10

5.63 Vietnam 6.23 6.55 6.79 7.01 7.01

75.22 Other 77.10 80.56 84.35 88.07 88.28

267.80 Total 277.60 290.95 300.79 311.12 311.01

Ending Stocks none

3.82 Brazil 2.72 3.33 2.81 3.94 2.81

4.26 Argentina 4.34 3.39 2.77 2.89 2.80

0.54 Indonesia 0.57 0.55 0.60 0.77 0.77

1.76 European Union 1.83 1.06 0.73 0.69 0.68

0.70 India 0.37 0.88 0.37 0.56 0.56

6.92 Other 7.28 7.10 6.46 6.14 6.23

17.99 Total 17.11 16.30 13.73 14.98 13.84

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

Foreign Agricultural Service/USDA 13 August 2018Office of Global Analysis

Page 14: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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

Million Metric Tons

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

Jul

2018/19

Aug

2018/19

Production none

37.78 Indonesia 36.68 41.10 43.83 45.97 45.97

25.04 China 26.27 27.45 28.68 29.83 29.56

22.27 Malaysia 19.85 21.13 22.38 23.51 23.51

18.08 European Union 18.42 18.07 18.88 18.78 18.81

10.94 United States 11.21 11.43 11.97 12.15 12.23

8.97 Argentina 9.69 9.82 8.95 9.96 9.97

8.65 Brazil 8.46 8.73 9.37 9.35 9.36

45.46 Other 46.21 51.45 53.30 54.19 55.02

177.18 Total 176.79 189.18 197.35 203.74 204.42

Imports none

14.14 India 15.11 15.43 16.48 17.46 17.46

9.88 European Union 9.97 10.91 9.91 9.79 9.94

8.63 China 7.77 8.00 8.12 8.42 8.62

4.23 United States 4.53 4.73 5.03 5.12 5.12

2.98 Pakistan 2.91 3.28 3.23 3.36 3.36

1.79 Bangladesh 2.15 2.15 2.28 2.43 2.43

2.25 Egypt 2.04 2.16 1.95 2.08 2.08

0.87 Philippines 1.05 1.30 1.21 1.31 1.31

1.53 Turkey 1.41 1.50 1.25 1.30 1.30

1.14 Iran 0.99 1.27 1.19 1.24 1.24

23.30 Other 22.55 24.14 24.86 25.72 25.71

70.73 Total 70.49 74.87 75.49 78.22 78.56

Exports none

28.51 Indonesia 25.19 29.86 30.32 31.82 31.82

18.84 Malaysia 17.85 17.46 18.65 18.90 19.10

5.72 Argentina 6.41 6.28 4.74 6.18 5.96

4.12 Ukraine 4.81 6.11 5.49 5.38 5.73

2.54 Canada 2.93 3.32 3.34 3.31 3.36

2.23 Russia 2.23 2.98 3.13 2.96 3.13

2.48 European Union 2.48 2.42 2.36 2.51 2.52

12.08 Other 11.66 12.69 12.99 12.83 12.85

76.52 Total 73.57 81.12 81.01 83.88 84.45

Domestic Consumption none

33.66 China 34.88 36.10 37.20 38.31 38.28

25.81 European Union 26.06 26.39 26.28 26.36 26.27

19.88 India 21.02 22.17 23.30 24.46 24.46

13.68 United States 14.57 14.72 15.46 16.07 16.16

9.90 Indonesia 11.35 11.86 12.44 13.33 13.33

7.47 Brazil 7.50 7.89 8.36 8.54 8.51

4.56 Malaysia 4.53 4.29 4.81 5.16 5.16

4.15 Pakistan 4.25 4.45 4.67 4.87 4.87

3.11 Argentina 3.56 3.71 4.14 3.79 4.17

3.24 Russia 3.31 3.40 3.50 3.62 3.62

2.49 Thailand 2.44 2.77 3.09 3.26 3.26

2.56 Mexico 2.65 2.72 2.82 2.90 2.90

2.08 Bangladesh 2.37 2.49 2.64 2.80 2.80

2.48 Egypt 2.47 2.50 2.54 2.61 2.61

2.36 Japan 2.36 2.42 2.49 2.56 2.56

33.32 Other 33.95 35.93 37.38 38.82 38.78

170.73 Total 177.27 183.81 191.11 197.47 197.74

Ending Stocks none

3.02 Indonesia 3.20 2.63 3.74 4.60 4.60

3.00 Malaysia 1.83 2.29 2.48 3.89 2.92

5.20 China 4.25 3.44 2.84 2.60 2.55

1.86 European Union 1.70 1.86 2.01 1.80 1.97

1.93 India 1.73 1.90 1.63 1.59 1.59

10.05 Other 8.79 8.49 8.63 8.38 8.50

25.05 Total 21.49 20.60 21.33 22.85 22.11

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

Foreign Agricultural Service/USDA 14 August 2018Office of Global Analysis

Page 15: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

Table 07: Soybeans: World Supply and Distribution

Thousand Metric Tons

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

Jul

2018/19

Aug

2018/19

Production none

106,878 United States 106,857 116,920 119,518 117,299 124,808

97,200 Brazil 96,500 114,600 119,500 120,500 120,500

61,450 Argentina 58,800 55,000 37,000 57,000 57,000

12,154 China 11,785 12,900 14,200 14,500 14,500

8,711 India 6,929 10,992 8,350 10,800 10,800

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

6,045 Canada 6,456 6,597 8,000 7,300 7,300

19,365 Other 19,033 20,906 20,135 22,292 22,396

319,957 Total 315,577 348,115 336,703 359,491 367,104

Imports none

78,350 China 83,230 93,495 96,000 95,000 95,000

13,914 European Union 15,120 13,422 14,100 15,300 15,800

3,819 Mexico 4,126 4,126 4,600 4,750 4,750

3,004 Japan 3,186 3,175 3,250 3,300 3,300

2,411 Thailand 2,798 3,077 3,150 3,250 3,250

1,947 Egypt 1,300 2,115 3,050 3,150 3,150

2,006 Indonesia 2,274 2,649 2,700 2,900 2,900

2,197 Turkey 2,283 2,271 2,600 2,600 2,600

2,520 Taiwan 2,476 2,566 2,550 2,580 2,580

1,311 Iran 1,864 1,904 2,300 2,450 2,450

12,883 Other 14,681 15,523 19,177 19,079 19,049

124,362 Total 133,338 144,323 153,477 154,359 154,829

Exports none

50,612 Brazil 54,383 63,137 75,500 75,000 75,000

50,136 United States 52,870 58,960 57,425 55,520 56,064

10,575 Argentina 9,922 7,026 3,100 8,000 8,000

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

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

6,548 Other 5,705 7,502 5,928 7,399 7,499

126,210 Total 132,516 147,345 153,703 157,319 157,963

Crush none

74,500 China 81,500 88,000 91,000 96,500 95,000

50,975 United States 51,335 51,742 55,520 55,656 56,064

40,235 Argentina 43,267 43,303 37,770 43,000 43,000

40,435 Brazil 39,747 40,411 43,000 42,700 42,700

14,450 European Union 14,950 14,400 14,900 15,800 16,300

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

4,175 Mexico 4,400 4,600 5,000 5,200 5,200

3,600 Russia 4,000 4,400 4,650 5,100 5,100

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

1,950 Egypt 1,150 2,200 3,050 3,100 3,100

1,450 Iran 1,950 2,050 2,450 2,600 2,600

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

2,150 Japan 2,283 2,392 2,350 2,350 2,350

500 Pakistan 1,250 1,680 2,050 2,300 2,300

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

14,560 Other 15,362 15,323 16,691 17,604 17,554

264,810 Total 275,024 287,346 294,361 309,310 308,668

Ending Stocks none

31,750 Argentina 33,650 35,470 30,800 32,650 34,100

19,078 Brazil 18,558 26,462 24,150 24,650 23,800

5,188 United States 5,354 8,208 11,691 15,773 21,352

17,009 China 16,910 20,391 23,481 19,191 20,781

843 European Union 1,559 1,131 1,073 1,373 1,398

4,096 Other 4,414 5,003 4,415 4,629 4,508

77,964 Total 80,445 96,665 95,610 98,266 105,939

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 15 August 2018Office of Global Analysis

Page 16: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

Table 08: Soybean Meal: World Supply and Distribution

Thousand Metric Tons

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

Jul

2018/19

Aug

2018/19

Production none

59,004 China 64,548 69,696 72,072 76,428 75,240

40,880 United States 40,525 40,630 43,998 43,953 44,180

31,300 Brazil 30,750 31,280 33,300 33,100 33,100

30,928 Argentina 33,211 33,280 28,550 33,050 33,050

11,416 European Union 11,811 11,376 11,771 12,482 12,877

6,160 India 4,400 7,200 6,080 7,200 7,200

3,300 Mexico 3,480 3,635 3,950 4,108 4,108

25,534 Other 27,136 28,418 31,417 32,992 32,953

208,522 Total 215,861 225,515 231,138 243,313 242,708

Imports none

19,623 European Union 19,207 18,924 18,500 18,300 18,500

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

3,902 Indonesia 4,203 4,255 4,400 4,600 4,600

3,068 Thailand 2,433 2,782 2,850 2,870 2,870

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

1,795 Mexico 2,367 1,991 2,000 2,070 2,070

1,751 Korea, South 2,118 1,764 1,800 1,850 1,850

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

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

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

19,719 Other 19,600 18,887 18,551 20,031 20,071

60,685 Total 61,858 60,540 60,251 62,221 62,461

Exports none

28,575 Argentina 30,333 31,323 26,200 29,800 29,800

14,290 Brazil 15,407 13,762 16,350 15,000 15,000

11,891 United States 10,844 10,505 12,791 11,884 12,111

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

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

5,405 Other 4,639 5,215 4,496 4,339 4,389

64,404 Total 65,501 64,476 63,957 65,153 65,430

Domestic Consumption none

57,467 China 62,663 68,646 71,302 75,558 74,370

29,282 United States 30,044 30,318 31,661 32,387 32,387

30,142 European Union 30,742 30,342 30,042 30,542 31,142

15,700 Brazil 16,470 16,943 17,500 18,150 18,130

4,750 Vietnam 5,470 5,740 5,990 6,170 6,170

5,050 Mexico 5,700 5,770 5,930 6,150 6,150

4,500 India 4,460 4,857 5,050 5,625 5,625

4,000 Indonesia 4,200 4,264 4,450 4,600 4,600

4,100 Thailand 4,230 4,232 4,300 4,400 4,400

2,700 Russia 3,100 3,250 3,600 4,030 4,000

3,365 Japan 3,458 3,420 3,463 3,420 3,420

2,650 Egypt 2,850 2,980 3,125 3,400 3,400

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

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

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

30,053 Other 31,350 32,525 34,073 36,362 36,367

201,561 Total 213,089 222,040 229,616 240,324 239,691

Ending Stocks none

3,812 Brazil 2,710 3,320 2,800 3,930 2,800

4,025 Argentina 4,231 3,335 2,685 2,835 2,735

236 United States 239 363 363 363 363

553 India 129 475 120 305 305

270 Vietnam 550 493 314 253 253

5,192 Other 5,358 4,770 4,290 4,245 4,164

14,088 Total 13,217 12,756 10,572 11,931 10,620

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 16 August 2018Office of Global Analysis

Page 17: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

Table 09: Soybean Oil: World Supply and Distribution

Thousand Metric Tons

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

Jul

2018/19

Aug

2018/19

Production none

13,347 China 14,605 15,770 16,307 17,293 17,024

9,706 United States 9,956 10,035 10,657 10,714 10,793

7,687 Argentina 8,433 8,395 7,340 8,360 8,360

7,759 Brazil 7,627 7,755 8,250 8,195 8,195

2,746 European Union 2,841 2,736 2,831 3,002 3,097

1,386 India 990 1,620 1,368 1,620 1,620

745 Mexico 785 820 892 930 930

5,925 Other 6,292 6,563 7,233 7,570 7,561

49,301 Total 51,529 53,694 54,878 57,684 57,580

Imports none

2,815 India 4,269 3,534 3,100 3,600 3,400

508 Bangladesh 639 830 780 780 780

631 Algeria 732 667 720 760 760

773 China 586 711 450 700 700

432 Morocco 465 497 500 515 515

395 Peru 382 449 400 435 435

304 Colombia 372 352 355 375 375

480 Egypt 674 246 235 300 300

257 Korea, South 250 306 285 300 300

421 Iran 299 257 250 270 270

3,018 Other 2,970 2,991 2,780 2,830 2,830

10,034 Total 11,638 10,840 9,855 10,865 10,665

Exports none

5,094 Argentina 5,698 5,387 3,850 5,325 5,100

1,510 Brazil 1,550 1,241 1,525 1,275 1,275

914 United States 1,017 1,159 1,111 998 998

1,010 European Union 915 831 825 935 950

699 Paraguay 709 680 670 710 710

423 Russia 431 529 570 600 600

392 Bolivia 444 236 380 340 340

1,073 Other 1,005 1,191 1,084 1,143 1,113

11,115 Total 11,769 11,254 10,015 11,326 11,086

Domestic Consumption none

14,200 China 15,350 16,350 16,725 17,830 17,600

8,600 United States 9,145 9,010 9,480 9,888 9,979

6,215 Brazil 6,290 6,580 6,895 7,020 6,980

4,100 India 5,250 5,200 4,650 5,100 4,900

2,401 Argentina 2,840 2,985 3,405 3,043 3,418

2,040 European Union 2,285 2,205 2,225 2,255 2,255

961 Mexico 1,020 1,050 1,080 1,160 1,160

668 Bangladesh 785 1,005 990 1,000 1,000

752 Egypt 960 610 750 800 800

640 Algeria 700 710 710 750 750

660 Iran 680 700 710 720 720

242 Pakistan 415 470 490 525 525

450 Morocco 480 470 495 515 515

435 Korea, South 440 460 470 495 495

385 Colombia 425 440 450 460 460

4,976 Other 5,030 5,148 5,348 5,590 5,590

47,725 Total 52,095 53,393 54,873 57,151 57,147

Ending Stocks none

841 United States 765 776 985 1,014 937

778 China 523 536 433 485 432

471 India 477 430 246 361 361

198 European Union 164 149 175 237 267

365 Argentina 260 283 368 195 210

1,710 Other 1,477 1,379 1,191 1,219 1,203

4,363 Total 3,666 3,553 3,398 3,511 3,410

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 17 August 2018Office of Global Analysis

Page 18: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 10,810 13,105 12,426 1,358 1,275 1,152 63,551 62,925 61,564

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

United States (Oct-Sep) 10,505 12,791 12,111 1,159 1,111 998 58,960 57,425 56,064

South America 48,766 46,681 48,950 7,555 6,437 7,437 79,527 86,527 91,853

Argentina (Oct-Sep) 31,323 26,200 29,800 5,387 3,850 5,100 7,026 3,100 8,000

Brazil (Oct-Sep) 13,762 16,350 15,000 1,241 1,525 1,275 63,137 75,500 75,000

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

South Asia 2,021 1,407 1,408 1 2 5 269 250 300

India (Oct-Sep) 2,008 1,400 1,400 1 2 5 269 250 300

Other 2,879 2,764 2,646 2,340 2,301 2,492 3,998 4,001 4,246

World Total 64,476 63,957 65,430 11,254 10,015 11,086 147,345 153,703 157,963

Imports

European Union (Oct-Sep) 18,924 18,500 18,500 285 245 200 13,422 14,100 15,800

East Asia 3,502 3,648 3,607 1,145 857 1,133 100,525 103,132 102,282

China (Oct-Sep) 61 130 30 711 450 700 93,495 96,000 95,000

Japan (Oct-Sep) 1,621 1,650 1,650 5 5 5 3,175 3,250 3,300

Korea, South (Oct-Sep) 1,764 1,800 1,850 306 285 300 1,286 1,330 1,400

Taiwan (Oct-Sep) 33 38 42 0 0 0 2,566 2,550 2,580

Southeast Asia 16,095 16,351 16,846 273 266 288 8,409 8,770 9,431

Indonesia (Oct-Sep) 4,255 4,400 4,600 23 23 23 2,649 2,700 2,900

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 2,870 8 8 8 3,077 3,150 3,250

Vietnam (Jan-Dec) 4,945 4,800 5,000 30 50 70 1,646 1,850 2,150

North America 3,129 3,354 3,368 423 343 391 5,218 5,679 6,010

Canada (Aug-Jul) 821 900 980 23 25 25 486 480 580

Mexico (Sep-Aug) 1,991 2,000 2,070 255 175 230 4,126 4,600 4,750

South America 4,878 5,160 5,451 1,251 1,189 1,279 3,053 5,235 3,825

Brazil (Oct-Sep) 35 30 30 60 60 60 252 225 425

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 4,200 4,915 345 368 385 5,222 6,065 6,270

Iran (Oct-Sep) 1,507 1,250 1,350 257 250 270 1,904 2,300 2,450

Israel (Oct-Sep) 154 165 200 10 10 10 374 425 430

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

Turkey (Oct-Sep) 790 500 700 0 0 0 2,271 2,600 2,600

North Africa 3,135 2,850 3,185 1,560 1,595 1,705 2,653 3,770 3,955

Egypt (Oct-Sep) 1,053 700 950 246 235 300 2,115 3,050 3,150

Other 3,755 3,918 4,233 5,037 4,506 4,783 5,333 6,224 6,730

World Total 60,540 60,251 62,461 10,840 9,855 10,665 144,323 153,477 154,829

Foreign Agricultural Service/USDA 18 August 2018Office of Global Analysis

Page 19: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

Table 11: Palm Oil: World Supply and Distribution

Thousand Metric Tons

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

Jul

2018/19

Aug

2018/19

Production none

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

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

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

1,110 Colombia 1,275 1,147 1,628 1,530 1,530

910 Nigeria 970 970 970 970 970

4,783 Other 5,141 5,780 5,801 5,859 5,859

61,750 Total 58,890 65,255 69,599 72,759 72,759

Imports none

9,139 India 8,860 9,341 10,700 11,600 11,600

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

5,696 China 4,689 4,881 5,050 5,250 5,250

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

1,280 Bangladesh 1,511 1,314 1,500 1,650 1,650

1,143 United States 1,307 1,367 1,680 1,600 1,600

1,489 Egypt 1,038 1,323 1,250 1,300 1,300

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

854 Russia 933 849 950 950 950

715 Vietnam 727 792 820 840 840

13,602 Other 13,008 14,152 14,817 15,388 15,388

44,471 Total 42,370 45,483 47,467 49,528 49,528

Exports none

25,964 Indonesia 22,906 27,633 28,000 29,500 29,500

17,378 Malaysia 16,621 16,301 17,450 17,700 17,900

453 Guatemala 614 718 710 712 712

316 Colombia 420 502 700 700 700

607 Papua New Guinea 575 663 635 640 640

2,671 Other 2,606 3,090 3,053 3,185 3,185

47,389 Total 43,742 48,907 50,548 52,437 52,637

Domestic Consumption none

9,150 India 9,100 9,550 10,900 11,820 11,820

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

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

5,700 China 4,800 4,830 4,900 5,250 5,250

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

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

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

1,275 Bangladesh 1,411 1,314 1,470 1,625 1,625

1,092 United States 1,269 1,355 1,662 1,580 1,580

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

1,350 Egypt 1,100 1,300 1,280 1,300 1,300

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

943 Colombia 940 952 1,018 1,028 1,028

810 Russia 850 850 900 920 920

674 Vietnam 755 806 827 837 837

12,967 Other 13,334 14,372 15,176 15,856 15,856

58,206 Total 58,899 61,516 65,345 68,666 68,666

Ending Stocks none

2,734 Indonesia 2,958 2,260 3,310 4,180 4,180

2,641 Malaysia 1,546 2,016 2,199 3,474 2,574

539 India 499 490 490 470 470

335 Thailand 293 323 348 373 373

456 European Union 344 630 440 350 350

3,532 Other 3,216 3,452 3,557 3,381 3,381

10,237 Total 8,856 9,171 10,344 12,228 11,328

Foreign Agricultural Service/USDA 19 August 2018Office of Global Analysis

Page 20: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 11,128 11,307 7,059 7,293 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 5,220 5,285 4,020 4,040 4,110 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 13,851 13,281 10,199 10,157 9,739 20,538 22,145 19,200

Other 5,206 5,513 5,825 3,667 3,885 4,095 9,547 10,814 11,145

World Total 39,900 40,122 40,338 28,206 28,400 28,519 71,325 74,713 72,149

Imports

China (Oct-Sep) 875 1,250 1,000 802 1,000 1,000 4,260 4,650 5,300

India (Oct-Sep) 0 0 0 317 370 350 0 0 0

Canada (Aug-Jul) 25 17 18 54 15 20 94 102 100

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

European Union (Jul-Jun) 219 225 300 153 160 150 4,224 4,200 4,400

Other 4,762 4,597 4,781 3,046 3,023 3,211 4,688 4,638 4,690

World Total 5,889 6,096 6,106 4,387 4,586 4,741 15,658 16,040 16,990

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 4,550 4,750 3,133 3,170 3,200 11,022 11,000 11,600

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

European Union (Jul-Jun) 511 450 300 344 260 250 319 125 130

Other 408 455 606 1,025 1,134 1,261 4,458 5,390 5,740

World Total 6,033 5,875 6,126 4,524 4,588 4,735 15,799 16,515 17,470

Domestic Consumption

China (Oct-Sep) 11,634 12,363 12,292 8,700 8,900 8,650 18,700 19,300 19,600

India (Oct-Sep) 2,890 2,800 2,800 2,480 2,405 2,430 6,850 6,070 6,500

Canada (Aug-Jul) 539 614 615 956 965 985 9,339 9,304 9,446

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 13,700 13,250 10,150 10,050 9,700 25,350 25,280 24,290

Other 9,562 9,642 10,001 5,729 5,752 6,052 9,424 10,016 10,387

World Total 39,852 40,491 40,358 29,093 29,153 28,919 72,105 72,425 72,728

Ending Stocks

China (Oct-Sep) 0 0 0 2,676 2,049 1,789 1,346 1,096 996

India (Oct-Sep) 401 251 251 331 243 230 710 490 490

Canada (Aug-Jul) 102 175 113 485 405 350 1,348 2,646 2,800

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

European Union (Jul-Jun) 274 200 231 383 390 329 978 1,918 1,098

Other 163 176 175 426 448 441 1,249 1,295 1,003

World Total 999 851 811 4,328 3,573 3,179 5,652 7,465 6,406

Foreign Agricultural Service/USDA 20 August 2018Office of Global Analysis

Page 21: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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) 3,550 3,500 3,500 1,270 1,452 1,452 1,288 1,465 1,465

Russia (Sep-Aug) 10,858 10,362 11,000 4,146 4,105 4,269 4,171 4,130 4,295

Turkey (Sep-Aug) 1,320 1,550 1,740 963 1,100 1,128 761 890 912

Ukraine (Sep-Aug) 15,200 13,700 15,000 6,030 5,658 5,989 6,351 5,891 6,235

European Union (Oct-Sep) 8,598 9,679 9,700 4,266 4,644 4,698 3,338 3,634 3,676

Other 8,442 8,521 8,939 2,654 2,830 2,978 2,256 2,393 2,521

World Total 47,968 47,312 49,879 19,329 19,789 20,514 18,165 18,403 19,104

Imports

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

Russia (Sep-Aug) 107 50 50 11 40 20 18 30 20

Turkey (Sep-Aug) 591 650 500 958 935 930 793 515 500

Ukraine (Sep-Aug) 24 33 20 1 7 0 0 2 2

European Union (Oct-Sep) 697 535 500 3,708 3,800 3,800 1,834 1,500 1,650

Other 757 956 920 2,269 2,517 2,168 6,267 6,095 6,081

World Total 2,176 2,224 1,990 6,947 7,299 6,918 8,912 8,142 8,253

Exports

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

Russia (Sep-Aug) 368 110 100 1,300 1,300 1,200 2,178 2,200 2,100

Turkey (Sep-Aug) 47 60 60 4 5 5 635 390 370

Ukraine (Sep-Aug) 191 45 100 4,807 4,550 4,600 5,851 5,250 5,500

European Union (Oct-Sep) 353 575 350 275 395 300 459 480 490

Other 1,406 1,547 1,576 261 270 259 509 507 497

World Total 2,440 2,412 2,261 7,436 7,345 7,214 10,402 9,592 9,692

Domestic Consumption

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

Russia (Sep-Aug) 10,580 10,460 10,860 2,850 2,950 3,150 2,055 2,070 2,145

Turkey (Sep-Aug) 1,862 2,122 2,182 1,850 2,050 2,050 980 1,020 1,030

Ukraine (Sep-Aug) 14,780 13,890 14,700 1,300 1,270 1,375 600 615 630

European Union (Oct-Sep) 8,990 9,695 9,800 7,860 8,160 8,210 4,560 4,540 4,815

Other 7,645 7,936 8,361 4,701 5,080 4,897 7,743 8,069 8,208

World Total 46,987 47,663 49,459 19,101 20,110 20,302 16,645 17,026 17,555

Ending Stocks

Argentina (Mar-Feb) 1,241 1,106 975 45 72 54 26 14 17

Russia (Sep-Aug) 344 186 276 352 247 186 234 124 194

Turkey (Sep-Aug) 49 67 65 150 130 133 31 26 38

Ukraine (Sep-Aug) 421 219 439 434 279 293 105 133 240

European Union (Oct-Sep) 600 544 594 328 217 205 311 425 446

Other 716 710 632 124 121 111 999 911 808

World Total 3,371 2,832 2,981 1,433 1,066 982 1,706 1,633 1,743

Foreign Agricultural Service/USDA 21 August 2018Office of Global Analysis

Page 22: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 1,339 5 5 5

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

Turkey (Nov-Oct) 7 7 7 187 232 268 177 280 250

United States (Aug-Jul) 129 106 124 246 252 268 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 1,671 1,922 1,987 540 767 636

World Total 5,942 5,997 6,081 4,414 5,152 5,226 2,482 3,268 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 45 44 42 318 328 346

World Total 226 235 230 46 47 45 788 876 874

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 5 5 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 32 193 298 221

World Total 265 282 282 73 89 84 880 1,000 991

Domestic Consumption

China (Oct-Sep) 2,999 3,110 3,166 1,113 1,377 1,334 49 51 53

India (Oct-Sep) 1,165 1,198 1,210 1,165 1,295 1,335 nr nr nr

Turkey (Nov-Oct) 7 7 7 185 234 261 145 160 165

United States (Aug-Jul) 139 134 146 198 201 225 319 326 336

European Union (Oct-Sep) 80 77 77 36 45 45 1,370 1,570 1,720

Other 1,439 1,453 1,461 1,687 1,908 2,004 702 748 771

World Total 5,829 5,979 6,067 4,384 5,060 5,204 2,585 2,855 3,045

Ending Stocks

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

India (Oct-Sep) 212 187 162 32 57 42 nr nr nr

Turkey (Nov-Oct) 0 0 0 5 1 6 23 83 78

United States (Aug-Jul) 12 11 11 20 23 23 0 0 0

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

Other 88 84 70 47 73 66 141 190 180

World Total 317 288 250 104 154 137 337 626 611

Foreign Agricultural Service/USDA 22 August 2018Office of Global Analysis

Page 23: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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

393.92 31.7175.60528.8675.4159.53220.64 2005/06 386.90 66.35

405.69 31.4882.89552.8780.8366.35223.39 2006/07 394.62 75.37

391.40 31.7091.76557.2290.4575.37219.53 2007/08 402.62 62.84

398.83 33.6094.15556.2294.5562.84230.41 2008/09 404.80 57.27

447.32 34.79107.61607.19102.6057.27235.76 2009/10 425.38 74.20

460.97 36.32108.32640.21105.0374.20245.60 2010/11 446.97 84.92

447.40 36.47110.98645.46113.1584.92248.93 2011/12 466.96 67.52

475.67 36.66118.12657.97114.7867.52256.89 2012/13 470.61 69.24

504.75 37.62133.77707.55133.5669.24260.94 2013/14 494.34 79.45

538.89 38.82147.17761.94143.6079.45267.06 2014/15 520.10 94.66

524.69 39.78153.30773.15153.8094.66264.75 2015/16 525.42 94.43

574.23 41.88170.43835.07166.4194.43267.01 2016/17 553.68 110.95

573.40 43.36177.49860.40176.04110.95277.78 2017/18 571.25 111.65

603.12 44.67182.50892.91178.13111.65284.79 2018/19 590.47 119.94

Major Protein Meals

217.20 0.2867.35291.1065.688.21nr 2005/06 214.86 8.89

224.21 0.2869.25300.4067.308.89nr 2006/07 220.84 10.32

231.64 0.2972.93312.3970.4310.32nr 2007/08 229.08 10.38

229.93 0.3270.15308.7568.4410.38nr 2008/09 230.05 8.55

244.39 0.4072.70323.3970.448.55nr 2009/10 240.46 10.23

257.51 0.3377.90342.8675.1310.23nr 2010/11 252.02 12.94

267.76 0.4081.12359.9179.2112.94nr 2011/12 264.16 14.63

269.71 0.4379.38359.1074.7614.63nr 2012/13 266.93 12.79

283.25 0.4483.31376.4080.3612.79nr 2013/14 278.72 14.37

300.95 0.4586.18397.8082.4914.37nr 2014/15 293.63 17.99

306.09 0.4886.91407.2683.1817.99nr 2015/16 303.24 17.11

321.13 0.5988.19423.1084.8517.11nr 2016/17 318.61 16.30

330.41 0.6687.79431.4884.7616.30nr 2017/18 329.95 13.73

343.43 0.6889.48443.7486.5713.73nr 2018/19 340.42 13.84

Major Vegetable Oils

119.85 94.0248.51175.8243.5312.4513.61 2005/06 113.19 14.12

122.75 96.4050.29183.5946.7314.1214.20 2006/07 118.69 14.62

129.72 99.4854.45194.4350.0814.6214.73 2007/08 125.05 14.93

134.93 103.2056.64203.5553.7014.9315.61 2008/09 131.15 15.76

142.38 107.2958.81213.5455.3915.7616.46 2009/10 137.97 16.76

149.14 109.9160.77222.7056.8016.7617.50 2010/11 142.56 19.38

158.29 116.0864.85239.4461.7819.3818.47 2011/12 151.86 22.74

161.58 121.5668.34249.5665.2322.7419.12 2012/13 158.94 22.28

171.90 126.0570.26261.1166.9422.2819.98 2013/14 166.47 24.38

177.18 131.0276.52272.2970.7324.3820.81 2014/15 170.73 25.05

176.79 135.3173.57272.3370.4925.0521.72 2015/16 177.27 21.49

189.18 140.3481.12285.5374.8721.4922.38 2016/17 183.81 20.60

197.35 145.2181.01293.4575.4920.6023.20 2017/18 191.11 21.33

204.42 150.3384.45304.3078.5621.3323.64 2018/19 197.74 22.11

Based on the aggregate of different marketing years

Foreign Agricultural Service/USDA 23 August 2018Office of Global Analysis

Page 24: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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

319.96 264.81126.21506.79124.3662.47118.39 2014/15 302.62 77.96

315.58 275.02132.52526.88133.3477.96120.08 2015/16 313.92 80.45

348.12 287.35147.35572.88144.3280.45119.09 2016/17 328.87 96.67

336.70 294.36153.70586.85153.4896.67124.29 2017/18 337.53 95.61

367.10 308.67157.96617.54154.8395.61130.08 2018/19 353.64 105.94

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

190.39 242.9460.65257.9957.779.84nr 2013/14 186.50 10.85

208.52 265.0064.40280.0560.6910.85nr 2014/15 201.56 14.09

215.86 275.2665.50291.8161.8614.09nr 2015/16 213.09 13.22

225.52 287.6564.48299.2760.5413.22nr 2016/17 222.04 12.76

231.14 294.8063.96304.1560.2512.76nr 2017/18 229.62 10.57

242.71 309.2465.43315.7462.4610.57nr 2018/19 239.69 10.62

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 45.31 3.87

49.30 264.8111.1263.2010.033.87nr 2014/15 47.73 4.36

51.53 275.0211.7767.5311.644.36nr 2015/16 52.10 3.67

53.69 287.3511.2568.2010.843.67nr 2016/17 53.39 3.55

54.88 294.3610.0268.299.863.55nr 2017/18 54.87 3.40

57.58 308.6711.0971.6410.673.40nr 2018/19 57.15 3.41

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

Foreign Agricultural Service/USDA 24 August 2018Office of Global Analysis

Page 25: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 69.37 7.51

71.29 0.5515.1193.1114.327.5135.48 2014/15 70.46 7.55

69.81 0.6514.3591.7814.427.5533.82 2015/16 70.86 6.57

71.33 0.7015.8093.5615.666.5734.08 2016/17 72.11 5.65

74.71 0.6016.5296.4116.045.6535.75 2017/18 72.43 7.47

72.15 0.6517.4796.6016.997.4736.59 2018/19 72.73 6.41

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

39.90 0.006.0346.885.891.10nr 2016/17 39.85 1.00

40.12 0.005.8847.226.101.00nr 2017/18 40.49 0.85

40.34 0.006.1347.306.110.85nr 2018/19 40.36 0.81

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 16.473.9830.884.081.97nr 2011/12 23.84 3.05

25.62 16.973.9532.613.933.05nr 2012/13 24.23 4.43

27.21 18.173.8335.463.824.43nr 2013/14 26.08 5.55

27.53 18.884.0737.023.955.55nr 2014/15 27.04 5.91

27.78 19.944.1737.824.135.91nr 2015/16 28.31 5.35

28.21 20.534.5237.954.395.35nr 2016/17 29.09 4.33

28.40 20.554.5937.314.594.33nr 2017/18 29.15 3.57

28.52 20.374.7436.834.743.57nr 2018/19 28.92 3.18

Based on the aggregate of different marketing years.

Foreign Agricultural Service/USDA 25 August 2018Office of Global Analysis

Page 26: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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

40.54 2.6540.642.011.872.9023.40 2015/16

47.97 3.3746.992.442.182.6525.41 2016/17

47.31 2.8347.662.412.223.3725.57 2017/18

49.88 2.9849.462.261.992.8326.33 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

19.79 1.0720.117.357.301.43nr 2017/18

20.51 0.9820.307.216.921.07nr 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 1.6815.228.107.022.60nr 2015/16

18.17 1.7116.6510.408.911.68nr 2016/17

18.40 1.6317.039.598.141.71nr 2017/18

19.10 1.7417.569.698.251.63nr 2018/19

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

Foreign Agricultural Service/USDA 26 August 2018Office of Global Analysis

Page 27: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 24.996.9427.8965.8836.034.62 2005/06 32.47 5.51

26.25 26.837.5728.3969.3837.625.51 2006/07 34.90 6.10

29.93 29.598.8532.4977.4741.456.10 2007/08 39.01 5.97

33.08 31.989.6335.0083.5544.495.97 2008/09 42.26 6.28

34.31 33.3010.0636.3286.9746.386.28 2009/10 43.96 6.69

35.09 33.9710.7337.3690.9949.216.69 2010/11 45.27 8.35

38.39 36.8412.4739.8999.2952.558.35 2011/12 49.95 9.46

41.80 40.1514.5543.08107.6356.379.46 2012/13 55.35 9.20

41.64 40.8415.8143.23110.1359.289.20 2013/14 57.29 9.61

44.47 43.0714.4347.39115.8361.759.61 2014/15 58.21 10.24

42.37 42.3115.8943.74111.5058.8910.24 2015/16 58.90 8.86

45.48 44.4616.3448.91119.5965.268.86 2016/17 61.52 9.17

47.47 47.2917.2950.55126.2469.609.17 2017/18 65.35 10.34

49.53 49.8218.0552.64132.6372.7610.34 2018/19 68.67 11.33

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

1.54 1.631.621.695.423.540.34 2017/18 3.28 0.46

1.46 1.621.621.695.513.600.46 2018/19 3.27 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 0.000.052.538.224.890.27 2016/17 5.43 0.26

2.64 0.000.052.487.734.830.26 2017/18 4.97 0.28

2.55 0.000.052.377.544.710.28 2018/19 4.89 0.28

Based on the aggregate of different marketing years.

Foreign Agricultural Service/USDA 27 August 2018Office of Global Analysis

Page 28: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 55,11151,109121,8331,8513,95338,983 2014/15 63,968 6,756

115,879 55,05553,969123,7651,1306,75638,398 2015/16 62,928 6,868

126,935 56,25760,081135,3051,5026,86839,245 2016/17 65,625 9,599

131,033 59,77258,667142,0481,4169,59942,797 2017/18 69,735 13,646

135,552 60,61757,201150,6131,41513,64642,042 2018/19 70,220 23,192

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

43,111 56,25710,82647,3103,924275nr 2016/17 36,077 407

46,350 59,77213,09850,5423,785407nr 2017/18 37,025 419

46,719 60,61712,48450,9273,789419nr 2018/19 38,024 419

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 56,2571,41517,3674,7311,2020 2016/17 14,720 1,232

11,969 59,7721,35518,2295,0281,2320 2017/18 15,462 1,412

12,232 60,6171,24618,7615,1171,4120 2018/19 16,163 1,352

Based on the aggregate of different marketing years

Foreign Agricultural Service/USDA 28 August 2018Office of Global Analysis

Page 29: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 50,97550,136110,2869042,50433,423 2014/15 54,962 5,188

106,857 51,33552,870112,6866415,18833,076 2015/16 54,462 5,354

116,920 51,74258,960122,8806065,35433,466 2016/17 55,712 8,208

119,518 55,52057,425128,3255998,20836,228 2017/18 59,209 11,691

124,808 56,06456,064137,17968011,69135,961 2018/19 59,763 21,352

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 51,74210,50541,186317239nr 2016/17 30,318 363

43,998 55,52012,79144,815454363nr 2017/18 31,661 363

44,180 56,06412,11144,861318363nr 2018/19 32,387 363

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

10,657 55,5201,11111,576143776nr 2017/18 9,480 985

10,793 56,06499811,914136985nr 2018/19 9,979 937

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 29 August 2018Office of Global Analysis

Page 30: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 39,96752,10097,66236280033,300 2015/16 43,332 2,230

114,600 42,31268,807117,0972672,23033,900 2016/17 45,715 2,575

119,500 43,20074,100122,5004252,57535,100 2017/18 46,750 1,650

120,500 42,70074,400122,3752251,65037,500 2018/19 46,290 1,685

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

30,930 39,96714,65134,742273,785nr 2015/16 16,600 3,491

32,380 42,31213,91535,906353,491nr 2016/17 17,361 4,630

33,500 43,20016,80038,160304,630nr 2017/18 17,760 3,600

33,100 42,70015,10036,730303,600nr 2018/19 18,350 3,280

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

7,670 39,9671,2508,19175446nr 2015/16 6,490 451

8,120 42,3121,3238,63160451nr 2016/17 6,887 421

8,290 43,2001,5508,77160421nr 2017/18 6,940 281

8,195 42,7001,2758,53660281nr 2018/19 7,060 201

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 30 August 2018Office of Global Analysis

Page 31: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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

61,450 45,11011,67071,80514110,21419,350 2014/15 49,285 10,850

58,800 43,0419,04670,9541,30410,85019,350 2015/16 47,491 14,417

55,000 40,9307,24572,0172,60014,41717,400 2016/17 45,540 19,232

37,000 38,0002,90059,9073,67519,23216,800 2017/18 42,810 14,197

57,000 44,0009,25073,0471,85014,19719,000 2018/19 48,997 14,800

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

28,900 38,00025,50032,05903,159nr 2017/18 3,139 3,420

33,800 44,00030,35037,22003,420nr 2018/19 3,304 3,566

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

7,350 38,0003,7507,6640314nr 2017/18 3,409 505

8,500 44,0005,2509,0050505nr 2018/19 3,425 330

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 31 August 2018Office of Global Analysis

Page 32: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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

Thousand Metric Tons

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

Jul

2018/19

Aug

2018/19

none

Production none

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

14,403 Oilseed, Palm Kernel 13,705 15,058 16,025 16,800 16,800

995 Oilseed, Soybean 947 885 846 821 821

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

23,384 Total 22,411 23,893 24,971 25,771 25,771

none

Domestic Consumption none

847 Meal, Fish 795 926 904 921 921

745 Meal, Rapeseed 407 358 420 450 450

16,946 Meal, Soybean 18,307 18,770 19,459 20,060 20,060

2,995 Other 3,121 3,512 3,502 3,589 3,589

21,533 Total 22,630 23,566 24,285 25,020 25,020

none

SME none

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

530 Meal, Rapeseed 290 255 299 320 320

16,896 Meal, Soybean 18,237 18,680 19,349 19,940 19,940

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

20,211 Total 21,299 22,051 22,726 23,400 23,400

none

Imports none

236 Meal, Fish 278 351 345 352 352

658 Meal, Rapeseed 369 343 405 430 430

14,972 Meal, Soybean 15,661 16,095 16,351 16,846 16,846

563 Other 684 739 654 655 655

16,429 Total 16,992 17,528 17,755 18,283 18,283

none

Industrial Dom. Cons. none

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

0 Oil, Rapeseed 0 0 0 0 0

39 Oil, Soybean 42 46 45 47 47

0 Oil, Sunflowerseed 0 0 0 0 0

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

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

none

Food Use Dom. Cons. none

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

54 Oil, Rapeseed 26 32 26 28 28

574 Oil, Soybean 652 690 750 795 795

131 Oil, Sunflowerseed 131 131 131 131 131

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

11,197 Total 11,476 12,174 12,539 13,231 13,231

none

Domestic Consumption none

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

54 Oil, Rapeseed 26 32 26 28 28

613 Oil, Soybean 694 736 795 842 842

131 Oil, Sunflowerseed 131 131 131 131 131

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

21,191 Total 22,748 23,688 25,228 26,807 26,807

none

Imports none

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

13 Oil, Rapeseed 13 13 13 13 13

321 Oil, Soybean 290 273 266 288 288

0 Oil, Sunflowerseed 0 0 0 0 0

671 Other 567 508 527 487 487

4,767 Total 4,470 4,502 4,591 4,683 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 32 August 2018Office of Global Analysis

Page 33: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

Table 25: Middle East Oilseeds and Products Supply and Distribution

Thousand Metric Tons

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

Jul

2018/19

Aug

2018/19

none

Production none

1,243 Oilseed, Cottonseed 1,032 1,228 1,447 1,543 1,643

256 Oilseed, Rapeseed 254 263 200 225 228

280 Oilseed, Soybean 242 246 252 257 261

1,232 Oilseed, Sunflowerseed 1,147 1,376 1,609 1,639 1,799

124 Other 148 164 165 154 154

3,135 Total 2,823 3,277 3,673 3,818 4,085

none

Domestic Consumption none

85 Meal, Fish 110 121 125 125 125

838 Meal, Rapeseed 840 865 784 796 796

7,065 Meal, Soybean 7,426 7,944 8,253 8,853 8,878

2,925 Other 2,893 3,364 3,793 3,775 3,830

10,913 Total 11,269 12,294 12,955 13,549 13,629

none

SME none

123 Meal, Fish 159 175 181 181 181

596 Meal, Rapeseed 598 615 558 566 566

7,063 Meal, Soybean 7,424 7,942 8,251 8,851 8,876

1,972 Other 1,927 2,247 2,526 2,527 2,572

9,754 Total 10,108 10,979 11,515 12,125 12,195

none

Imports none

79 Meal, Fish 108 124 120 120 120

217 Meal, Rapeseed 196 183 177 183 183

4,319 Meal, Soybean 4,103 4,950 4,200 4,915 4,915

1,419 Other 1,498 1,762 1,858 1,775 1,775

6,034 Total 5,905 7,019 6,355 6,993 6,993

none

Imports none

2,127 Oil, Palm 2,309 2,553 2,692 2,860 2,860

45 Oil, Rapeseed 61 52 65 69 69

505 Oil, Soybean 413 345 368 385 385

1,760 Oil, Sunflowerseed 1,654 2,222 1,695 1,745 1,745

465 Other 171 174 170 185 185

4,902 Total 4,608 5,346 4,990 5,244 5,244

none

Industrial Dom. Cons. none

185 Oil, Palm 185 185 190 190 190

35 Oil, Rapeseed 30 30 15 15 15

137 Oil, Soybean 126 125 135 138 138

20 Oil, Sunflowerseed 20 20 20 20 20

69 Other 58 54 50 52 52

446 Total 419 414 410 415 415

none

Food Use Dom. Cons. none

1,507 Oil, Palm 1,814 1,958 2,118 2,305 2,305

279 Oil, Rapeseed 324 260 239 227 227

901 Oil, Soybean 929 945 972 1,000 1,000

1,951 Oil, Sunflowerseed 2,067 2,301 2,324 2,352 2,352

859 Other 641 636 693 720 735

5,497 Total 5,775 6,100 6,346 6,604 6,619

none

Domestic Consumption none

1,692 Oil, Palm 1,999 2,143 2,308 2,495 2,495

314 Oil, Rapeseed 354 290 254 242 242

1,116 Oil, Soybean 1,135 1,125 1,167 1,208 1,208

1,981 Oil, Sunflowerseed 2,097 2,331 2,354 2,382 2,382

935 Other 705 700 750 779 794

6,038 Total 6,290 6,589 6,833 7,106 7,121

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 33 August 2018Office of Global Analysis

Page 34: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

Table 26: European Union Oilseeds and Products Supply and Distribution

Thousand Metric Tons

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

Jul

2018/19

Aug

2018/19

none

Production none

24,587 Oilseed, Rapeseed 21,997 20,538 22,145 20,200 19,200

1,832 Oilseed, Soybean 2,320 2,410 2,667 2,750 2,775

8,974 Oilseed, Sunflowerseed 7,721 8,598 9,679 9,100 9,700

510 Other 409 418 493 497 497

35,903 Total 32,447 31,964 34,984 32,547 32,172

none

Domestic Consumption none

529 Meal, Fish 581 536 550 550 550

14,200 Meal, Rapeseed 13,800 13,850 13,700 13,650 13,250

30,142 Meal, Soybean 30,742 30,342 30,042 30,542 31,142

9,369 Other 9,181 9,920 10,229 9,709 10,289

54,240 Total 54,304 54,648 54,521 54,451 55,231

none

SME none

767 Meal, Fish 842 775 795 795 795

10,103 Meal, Rapeseed 9,819 9,854 9,748 9,712 9,427

30,100 Meal, Soybean 30,700 30,300 30,000 30,500 31,100

5,394 Other 5,242 5,799 6,019 5,674 6,061

46,365 Total 46,604 46,728 46,561 46,681 47,383

none

Imports none

279 Meal, Fish 284 193 200 200 200

453 Meal, Rapeseed 409 219 225 300 300

19,623 Meal, Soybean 19,207 18,924 18,500 18,300 18,500

5,469 Other 5,502 5,688 5,754 5,454 5,754

25,824 Total 25,402 25,024 24,679 24,254 24,754

none

Industrial Dom. Cons. none

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

7,095 Oil, Rapeseed 7,200 7,100 7,000 6,900 6,800

990 Oil, Soybean 930 850 870 900 900

310 Oil, Sunflowerseed 420 400 330 330 330

515 Other 475 515 550 535 545

12,310 Total 12,425 12,565 12,300 12,215 12,125

none

Food Use Dom. Cons. none

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

3,200 Oil, Rapeseed 2,800 3,000 3,000 3,075 2,850

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

3,350 Oil, Sunflowerseed 3,850 4,150 4,200 4,250 4,475

2,317 Other 2,358 2,146 2,352 2,487 2,487

13,167 Total 13,308 13,496 13,652 13,812 13,812

none

Domestic Consumption none

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

10,345 Oil, Rapeseed 10,050 10,150 10,050 10,025 9,700

2,040 Oil, Soybean 2,285 2,205 2,225 2,255 2,255

3,670 Oil, Sunflowerseed 4,280 4,560 4,540 4,590 4,815

2,854 Other 2,848 2,676 2,917 3,037 3,047

25,809 Total 26,063 26,391 26,282 26,357 26,267

none

Imports none

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

261 Oil, Rapeseed 207 153 160 150 150

253 Oil, Soybean 325 285 245 200 200

829 Oil, Sunflowerseed 1,418 1,834 1,500 1,500 1,650

1,603 Other 1,383 1,416 1,506 1,436 1,436

9,881 Total 9,969 10,912 9,911 9,786 9,936

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 34 August 2018Office of Global Analysis

Page 35: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

Table 27: China Oilseeds and Products Supply and Distribution

Thousand Metric Tons

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

Jul

2018/19

Aug

2018/19

none

Production none

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

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

12,154 Oilseed, Soybean 11,785 12,900 14,200 14,500 14,500

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

11,757 Other 8,600 8,800 10,800 10,400 10,400

57,657 Total 54,454 56,526 60,320 60,450 60,450

none

Domestic Consumption none

1,474 Meal, Fish 1,439 2,019 1,640 1,450 1,550

11,032 Meal, Rapeseed 11,314 11,634 12,363 12,292 12,292

57,467 Meal, Soybean 62,663 68,646 71,302 75,558 74,370

8,761 Other 7,912 8,492 9,592 9,546 9,611

78,734 Total 83,328 90,791 94,897 98,846 97,823

none

SME none

2,137 Meal, Fish 2,087 2,928 2,370 2,095 2,240

7,529 Meal, Rapeseed 7,730 7,957 8,476 8,426 8,426

56,487 Meal, Soybean 61,663 67,596 70,202 74,408 73,220

7,648 Other 7,073 7,530 8,426 8,412 8,452

73,801 Total 78,553 86,011 89,474 93,340 92,337

none

Imports none

1,031 Meal, Fish 1,042 1,583 1,200 1,000 1,100

142 Meal, Rapeseed 359 875 1,250 1,000 1,000

58 Meal, Soybean 24 61 130 30 30

553 Other 403 657 710 670 735

1,784 Total 1,828 3,176 3,290 2,700 2,865

none

Food Use Dom. Cons. none

3,750 Oil, Palm 2,700 2,680 2,650 2,950 2,950

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

7,800 Oil, Rapeseed 8,600 8,700 8,900 8,550 8,650

14,200 Oil, Soybean 15,350 16,350 16,725 17,830 17,600

998 Oil, Sunflowerseed 1,379 1,332 1,431 1,417 1,517

1,563 Other 1,272 1,296 1,558 1,517 1,517

31,130 Total 32,220 33,357 34,374 35,430 35,400

none

Domestic Consumption none

5,700 Oil, Palm 4,800 4,830 4,900 5,250 5,250

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

7,800 Oil, Rapeseed 8,600 8,700 8,900 8,550 8,650

14,200 Oil, Soybean 15,350 16,350 16,725 17,830 17,600

998 Oil, Sunflowerseed 1,379 1,332 1,431 1,417 1,517

2,141 Other 1,832 1,891 2,138 2,097 2,097

33,658 Total 34,880 36,102 37,204 38,310 38,280

none

Imports none

5,696 Oil, Palm 4,689 4,881 5,050 5,250 5,250

141 Oil, Peanut 113 111 110 110 110

732 Oil, Rapeseed 768 802 1,000 900 1,000

773 Oil, Soybean 586 711 450 700 700

534 Oil, Sunflowerseed 878 725 750 700 800

751 Other 737 773 756 758 758

8,627 Total 7,771 8,003 8,116 8,418 8,618

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA 35 August 2018Office of Global Analysis

Page 36: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

Table 28: India Oilseeds and Products Supply and Distribution

Thousand Metric Tons

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

Jul

2018/19

Aug

2018/19

none

Production none

12,525 Oilseed, Cottonseed 10,996 11,463 12,312 12,185 12,185

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

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

8,711 Oilseed, Soybean 6,929 10,992 8,350 10,800 10,800

383 Oilseed, Sunflowerseed 320 275 277 350 350

730 Other 735 735 770 770 770

32,284 Total 29,370 37,256 34,059 36,605 36,605

none

Domestic Consumption none

4,264 Meal, Cottonseed 3,962 3,738 4,255 4,240 4,240

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

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

4,500 Meal, Soybean 4,460 4,857 5,050 5,625 5,625

184 Meal, Sunflowerseed 315 419 375 345 345

376 Other 435 446 480 485 485

12,166 Total 12,880 13,916 14,465 15,010 15,010

none

SME none

3,455 Meal, Cottonseed 3,210 3,029 3,448 3,436 3,436

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

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

4,350 Meal, Soybean 4,300 4,600 4,760 5,325 5,325

123 Meal, Sunflowerseed 210 279 250 230 230

164 Other 190 193 209 211 211

10,621 Total 11,000 11,913 12,345 12,891 12,891

none

Food Use Dom. Cons. none

1,250 Oil, Cottonseed 1,230 1,120 1,250 1,290 1,290

8,750 Oil, Palm 8,600 9,000 10,300 11,200 11,200

970 Oil, Peanut 864 1,155 1,188 1,200 1,200

1,900 Oil, Rapeseed 2,225 2,395 2,325 2,350 2,350

4,100 Oil, Soybean 5,250 5,200 4,650 5,100 4,900

1,700 Oil, Sunflowerseed 1,665 2,100 2,300 2,000 2,200

380 Other 265 240 246 260 260

19,050 Total 20,099 21,210 22,259 23,400 23,400

none

Domestic Consumption none

1,295 Oil, Cottonseed 1,275 1,165 1,295 1,335 1,335

9,150 Oil, Palm 9,100 9,550 10,900 11,820 11,820

980 Oil, Peanut 874 1,165 1,198 1,210 1,210

1,980 Oil, Rapeseed 2,305 2,480 2,405 2,430 2,430

4,100 Oil, Soybean 5,250 5,200 4,650 5,100 4,900

1,700 Oil, Sunflowerseed 1,665 2,100 2,300 2,000 2,200

672 Other 553 506 551 569 569

19,877 Total 21,022 22,166 23,299 24,464 24,464

none

Imports none

0 Oil, Cottonseed 0 0 0 0 0

9,139 Oil, Palm 8,860 9,341 10,700 11,600 11,600

0 Oil, Peanut 0 0 0 0 0

383 Oil, Rapeseed 383 317 370 350 350

2,815 Oil, Soybean 4,269 3,534 3,100 3,600 3,400

1,575 Oil, Sunflowerseed 1,492 2,151 2,200 1,800 2,000

224 Other 106 82 107 110 110

14,136 Total 15,110 15,425 16,477 17,460 17,460

SME - 44 Percent Protein Soybean Meal Equivalent

Foreign Agricultural Service/USDA 36 August 2018Office of Global Analysis

Page 37: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 361 367 428 424 442 527 1,430 397 423 418 756 May 362 363 406 415 431 503 1,420 395 422 411 692 Jun 351 328 386 382 398 496 1,360 390 420 406 623 *Jul N/A 301 393 380 378 N/A 1,375 N/A 401 422 614 Aug Sep Average 349 346 396 387 410 517 1,307 384 407 423 819

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.

8/10/2018 11:25:04 AM

Foreign Agricultural Service/USDA 37 August 2018Office of Global Analysis

Page 38: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 434 416 433 443 222 269 1,510 Jun 392 390 385 391 194 270 1,494 *Jul 376 376 376 382 171 265 1,495 Aug Sep Average 385 371 380 387 196 219 1,510

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

284279

256285334356

244240

303366416

288

221217211225

238239238238

217

8/10/2018 11:25:04 AM

208204216241

288 255

264268

267293305282

290289

Foreign Agricultural Service/USDA 38 August 2018Office of Global Analysis

Page 39: Soybean and Oilseed Meal Import Prospects Higher …...2018/08/10  · Oilseed, Rapeseed Imports 4,200 4,400 200 Lower domestic rapeseed crop projections and greater exportable supplies

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 648 710 719 793 689 1,190 782 1,466 1,316 639 812 1,029 654 Jun 624 685 680 786 659 1,190 759 1,493 1,308 605 817 938 651 *Jul 600 666 660 775 634 1,190 774 1,499 1,289 570 836 917 634 Aug Sep Average 673 735 738 834 716 1,205 786 1,465 1,336 640 843 1,228 6851/ 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

8/10/2018 11:25:04 AM

Soybean Sunseed Peanut

Foreign Agricultural Service/USDA 39 August 2018Office of Global Analysis