Department ofAgricultureForeignAgriculturalServiceCircular SeriesFOP 02 - 13February 2013China Seizes Opportunity from Indiain Asian Soybean Meal MarketsChina continues to be an opportunistic soybean meal exporter, back-filling India in Asian markets where they have freight and logistical advantages that emphasize smaller loads and short hauls.Despite having excess processing capacity and advantages to nearby markets, China has not been the dominant meal exporter, because it has been constrained by strong domestic demand and higher internal prices, which limit exporters’ ability to compete with Indian meal. India is a competitive supplier to the same Asian markets. However, rising domestic use could potentially exceed production growth and erode exportable supplies. This would present an opportunity for exports by China.OVERVIEWGlobal soybean production is virtually unchanged as an increase in Brazil offsets a reduction in Argentina. Global trade is down, driven by lower exports from Argentina. World imports for soybean meal are down, but marginally up for oil. The season-average U.S. farm price is projected higher, supported by tightening stocks.SOYBEAN PRICESU.S. export bids, FOB Gulf, inJanuary averaged $568 per ton, down$12 from the previous month. Thedecline is due partly to prospects forrecord South American crops despitecontinued strong domestic andforeign demand.As of the week-ending January 31,U.S. soybean commitments(outstanding sales plus accumulatedexports) to China totaled 20.9 milliontons, compared to 18.5 million a yearago. Total commitments to the worldare 34.2 million tons, compared to26.9 million for the same period lastyear.2012/13 TRADE OUTLOOK•U.S. soybean exports are unchanged. Soybean meal and oil exports are up 90,000 tons to 8.0 million, and 68,000 tons to 1.04 million, respectively, on larger sales through January.•U.S. peanut exports are up 170,000 tons to 544,000 tons on demand by China.•Argentina’s soybean exports are down 100,000 tons to 10.9 million on a smaller crop. Soybean meal exports are cut 800,000 tons to 28.0 million and oil exports down 100,000 tons to 4.5 million on reduced crush.•EU’s imports of rapeseed and sunflowerseed meal are up 200,000 tons each, to 3.4 million and3.1 million, respectively, partly offsetting reduced imports of soybean meal. Soybean mealimports are cut 500,000 ton to 21.2 million on a slower import pace.Table 01: Major Oilseeds: World Supply and Distribution (Commodity View)Totals may not add due to roundingTotals may not add due to roundingTotals may not add due to roundingTable 04: Major Oilseeds: World Supply and Distribution (Country View)Major Oilseeds includes Copra, Cottonseed, Palm Kernel, Peanut, Rapeseed, Soybeans and Sunflowerseeds.Major Protien Meals include Copra, Cottonseed, Fish, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflower Meal.Major Vegetable Oils includes Coconut, Cottonseed, Olive, Palm, Palm Kernel, Peanut, Rapeseed, Soybean, and Sunflowerseed oil.Table 07: Soybeans: World Supply and DistributionMost countries are on an October/September Marketing Year (MY). The United States, Mexico, and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay is on a March/February MY and Turkey is on an March/February MY.Table 08: Soybean Meal: World Supply and DistributionMost countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay is on a March/February MY. Vietnam and the Philippines are on a January/December MY and Bolivia is on a March/February MY.Table 09: Soybean Oil: World Supply and DistributionMost countries are on an October/September Marketing Year (MY). Mexico is on a September/August MY. Peru is on an January/December MY and Paraguay and Bolivia are on a March/February MY.Table 10: Soybeans and Products: World TradeExportsNorth America8,4551798,13869761,11643,7922,93240,105 Canada(Aug-Jul)2101731506672702,9432,9323,500 United States(Sep-Aug)8,2388,8377,9831,4666641,04340,84937,06336,605 South America2,1402,18045,8755,0524756,58615,8904,79056,305 Argentina(Oct-Sep)27,61526,04328,0004,5613,7874,1509,2057,36810,900 Brazil(Oct-Sep)13,98714,67814,6751,6681,8851,67029,95136,31538,400 Paraguay(Mar-Feb)1,0437001,6502551504205,1383,2005,100 South Asia4,8104,3934,258115182020 India(Oct-Sep)4,8004,3854,250115182020 Other43,12751,8992,1074,4047,9651,37031,41682,6812,431World Total58,53258,65160,3789,5268,5179,07791,11690,42398,861ImportsEuropean Union0021,200004500011,300 East Asia4,2744,0304,3501,7294552,03558,9766,21869,325 China(Oct-Sep)294113501,3191,5021,57052,33959,23163,000 Japan(Oct-Sep)2,2082,2822,3701920232,9172,7592,750 Korea, South(Oct-Sep)1,6581,5711,7803003433501,2391,1391,150 Taiwan(Oct-Sep)561171005002,4542,2852,400 Southeast Asia10,9222,37811,3932551142445,6463,2115,875 Indonesia(Oct-Sep)3,0693,2783,1801922251,8981,9222,000 Malaysia(Oct-Sep)1,0281,0781,150819595614609600 Philippines(Jan-Dec)1,9391,8101,900366030526075 Thailand(Sep-Aug)2,3182,9272,8000002,1391,9061,950 Vietnam(Jan-Dec)2,5452,3552,3408880609241,2251,230 North America2,7392,6622,8972221734144,1413,6304,119 Canada(Aug-Jul)1,0761,1371,070322830250230225 Mexico(Sep-Aug)1,5001,5251,6001901452253,4983,4003,350 South America4,4243,5384,8858288591,0837******** Brazil(Oct-Sep)58305000137128190 Colombia(Oct-Sep)1,0191,0251,035238253250308250250 Central America883900930185177184254236236 Caribbean797558849278181281021150 Middle East4,0664,7974,5058401296103,0151,8021,925 Iran(Oct-Sep)1,7422,2502,200704411480930210225 Israel(Oct-Sep)86115100121010384360350 Syria(Jan-Dec)500425425676350175150 Turkey(Sep-Aug)5579426503121,3511,0571,200 North Africa2,3731,3752,9461,7154971,2751,7391,6761,600 Egypt(Oct-Sep)72882595563703001,6441,6001,550 Other26,00637,2444,4053,1915,5872,21714,24075,8521,344World Total56,48457,48258,3609,2438,1728,79388,79693,20696,550Table 11: Palm Oil: World Supply and DistributionTable 12: Rapeseed and Products: World Supply and DistributionProductionChina(Oct-Sep)8,90910,1229,2315,0575,7255,22013,10013,42612,600 India(Oct-Sep)4,0653,6453,5802,5752,3102,2707,1006,5006,700 Canada(Aug-Jul)3,4713,7803,7502,7683,1272,92012,78914,60813,310 Japan(Oct-Sep)1,2891,2961,1309961,052858111 EU-27(Jul-Jun)12,82712,44112,6659,2588,9809,14220,75419,07718,800 Other4,3804,4754,5143,0303,1003,1146,8027,9527,892World Total34,94135,75934,87023,68424,29423,52460,54661,56459,303ImportsChina(Oct-Sep)1,4136666006471,0367509302,6221,800 India(Oct-Sep)00059830000 Canada(Aug-Jul)3385124929022497150 Japan(Oct-Sep)25141002629602,3212,3502,000 EU-27(Jul-Jun)2242282004885994002,6363,7623,400 Other3,2944,1424,1212,0102,1072,1794,3494,0863,742World Total4,9895,0585,0263,3003,9613,50910,46012,91711,092ExportsChina(Oct-Sep)55140365000 India(Oct-Sep)1,310986900201010000 Canada(Aug-Jul)2,9893,3073,3002,4202,6752,5007,2078,6977,300 Japan(Oct-Sep)070100000 EU-27(Jul-Jun)251294250214245270197124100 Other6418017417891,0389603,4434,1363,713World Total5,1965,4465,2313,4473,9743,74510,84712,95711,113Domestic ConsumptionChina(Oct-Sep)10,31710,7379,7915,9656,2556,09714,72016,65015,110 India(Oct-Sep)2,7502,6702,6802,3002,4252,4507,5516,8756,800 Canada(Aug-Jul)5464605005236025006,3967,3036,825 Japan(Oct-Sep)1,3191,3091,2301,0151,0159882,3462,3722,035 EU-27(Jul-Jun)12,75712,36312,6389,6579,3029,28523,15922,46522,800 Other6,9977,8237,9434,0794,1474,4187,7807,8538,000World Total34,68635,36234,78223,53923,74623,73861,95263,51861,570Ending StocksChina(Oct-Sep)0003368367041,424822112 India(Oct-Sep)27161626023373729354254 Canada(Aug-Jul)1441651206810202,198903238 Japan(Oct-Sep)10444911545775622 EU-27(Jul-Jun)1181301071241561431,8432,0931,393 Other1039647380402317741790711World Total4024112941,2171,7521,3027,0125,0182,7302/8/2013 10:14:53 AMTable 13: Sunflowerseed and Products World Supply and DistributionProductionArgentina(Mar-Feb)3,6703,3403,4001,6321,4701,4401,5511,4341,380 Russia(Sep-Aug)5,3509,6277,9591,8743,1992,6782,0823,5522,971 Turkey(Sep-Aug)1,0009251,050597639678671718760 Ukraine(Sep-Aug)8,40010,5009,0003,3044,3613,7603,3274,3473,735 EU-27(Oct-Sep)6,8968,2926,9503,3353,7793,4702,5632,9182,679 Other8,1467,6128,0082,3972,4902,6632,0922,1502,288World Total33,46240,29636,36713,13915,93814,68912,28615,11913,813ImportsArgentina(Mar-Feb)565000000 Russia(Sep-Aug)43281017001491450 Turkey(Sep-Aug)705834650500739600401651700 Ukraine(Sep-Aug)12170110110 EU-27(Oct-Sep)3792822502,2533,8273,1007899591,150 Other4326937011,1241,5121,5672,3093,9213,558World Total1,5761,8601,6163,8956,0795,2673,6495,5465,458ExportsArgentina(Mar-Feb)7578757458407009787851,100 Russia(Sep-Aug)83322505881,6819601811,427900 Turkey(Sep-Aug)263810020157271350 Ukraine(Sep-Aug)4442823002,9273,8383,4002,6523,2633,300 EU-27(Oct-Sep)557599400137134100166206140 Other682672609202308258448473431World Total1,7922,0011,6444,5996,8035,4184,5826,4256,221Domestic ConsumptionArgentina(Mar-Feb)3,7173,4373,353739775745454504517 Russia(Sep-Aug)5,5559,3457,7151,4591,5451,7082,0652,1002,090 Turkey(Sep-Aug)1,5771,6871,7871,0971,2841,370855931994 Ukraine(Sep-Aug)7,98510,4108,950396420450535540555 EU-27(Oct-Sep)6,8367,7507,1105,3797,1586,8753,4823,6533,693 Other7,8077,7688,1603,3193,7063,9694,1615,2475,478World Total33,47740,39737,07512,38914,88815,11711,55212,97513,327Ending StocksArgentina(Mar-Feb)24576531934843427572335 Russia(Sep-Aug)113919548213184123154 Turkey(Sep-Aug)235269172092070237353 Ukraine(Sep-Aug)47429949611020183728608 EU-27(Oct-Sep)285510200295609204156174170 Other536401341332124370721658World Total1,8881,6469105759013221,2902,5552,278Table 14: Minor Vegetable Oil Supply and DistributionProductionChina(Oct-Sep)2,3722,5322,6461,4111,4761,530nr nr nr India(Oct-Sep)1,3001,1651,1901,1501,2101,190nr nr nr Turkey(Nov-Oct)444110145146175145175 United States(Aug-Jul)8685108379342363444 EU-27(Oct-Sep)1616164551482,5002,6002,100 Other1,2591,2701,3251,8712,0461,954573637590World Total5,0375,0725,2894,9665,2705,2313,2523,3862,869ImportsChina(Oct-Sep)686250000nr nr nr India(Oct-Sep)000000nr nr nr Turkey(Nov-Oct)000000000 United States(Aug-Jul)271316040290316322 EU-27(Oct-Sep)80678030385112125 Other202020486553173195196World Total195162166516956548623643ExportsChina(Oct-Sep)8920333nr nr nr India(Oct-Sep)4200000nr nr nr Turkey(Nov-Oct)000215131025 United States(Aug-Jul)79137411759476 EU-27(Oct-Sep)232001544636450 Other157150186667054187189207World Total178191221145191122748842688Domestic ConsumptionChina(Oct-Sep)2,4322,5852,6761,4081,4731,527nr nr nr India(Oct-Sep)1,2561,1601,2101,1161,2141,223nr nr nr Turkey(Nov-Oct)444108138141140140145 United States(Aug-Jul)10393111272259304290313320 EU-27(Oct-Sep)9481954852502,0302,0212,020 Other1,1491,1491,1501,8152,0172,006564592603World Total5,0385,0725,2464,7675,1535,2513,0243,0663,088Ending StocksChina(Oct-Sep)000000nr nr nr India(Oct-Sep)503515888451nr nr nr Turkey(Nov-Oct)000066302530 United States(Aug-Jul)1399754545000 EU-27(Oct-Sep)543100541596351 Other494049101125725510682World Total1178876265260174626727463Major Oilseeds 304.2225.5259.52398.2559.1734.85188.45 1999/00300.2338.49313.8926.8266.89417.9765.5938.49188.62 2000/01310.9440.15324.7527.4962.42428.5663.6640.15188.60 2001/02323.7542.40331.5827.7570.09444.9871.0142.40186.31 2002/03326.1148.78335.7227.6366.78448.6664.1548.78199.60 2003/04336.2045.68381.2429.0274.35499.5772.6645.68209.55 2004/05366.4458.78391.5530.0675.75525.6975.3658.78211.13 2005/06384.7765.16403.8230.4483.06549.7280.7465.16211.41 2006/07392.9473.72390.7530.7091.68554.6390.1673.72206.21 2007/08401.0261.94396.7032.0594.27552.6093.9561.94214.36 2008/09401.2757.06444.1333.09107.38602.91101.7257.06216.30 2009/10421.4874.05455.7234.15107.78633.94104.1774.05223.84 2010/11444.1382.02441.3934.44109.57634.98111.5782.02228.03 2011/12460.1665.25466.8734.74115.67644.79112.6765.25235.192012/13461.9867.14Major Protien Meals 167.750.3946.73223.2247.348.12nr 1999/00168.917.58174.640.4148.51230.2748.057.58nr 2000/01174.99 6.77182.540.4252.88240.7551.446.77nr 2001/02180.587.28185.680.4354.06246.5653.607.28nr 2002/03186.08 6.43190.710.4759.13254.9257.796.43nr 2003/04189.03 6.77206.460.5061.28272.8059.576.77nr 2004/05204.397.13217.060.4866.33289.6265.437.13nr 2005/06215.527.77223.890.5169.03298.6466.977.77nr 2006/07221.608.01231.360.5472.17309.1769.798.01nr 2007/08228.688.32228.690.6069.40304.4367.428.32nr 2008/09228.47 6.56243.750.6772.15319.0268.716.56nr 2009/10238.538.34256.810.7077.21338.8873.748.34nr 2010/11251.1010.58266.670.7580.87354.8477.6010.58nr 2011/12261.9712.01268.890.7780.68358.3877.4912.01nr2012/13267.0410.66Major Vegetable Oils 86.0574.1528.73121.2426.678.528.33 1999/0082.829.6989.7778.4630.80129.7130.249.6910.21 2000/0188.5710.3492.7480.3533.02133.9230.8310.3410.54 2001/0291.269.6496.0783.1436.08140.5934.889.644.56 2002/0395.359.16102.9287.0939.31149.7537.689.164.54 2003/04100.899.56111.6891.3642.85162.0740.849.568.25 2004/05108.0311.19119.1094.5447.73174.7444.4411.198.36 2005/06114.9612.04121.8596.1749.23181.3247.4312.048.45 2006/07119.6712.42128.7599.3953.82191.5450.3812.428.69 2007/08125.7012.02133.76102.4456.15200.1554.3812.028.82 2008/09130.6913.32140.88107.0857.91210.2456.0413.328.92 2009/10138.5513.78147.82110.8260.20218.9157.3113.788.74 2010/11144.5114.20155.71114.2363.47230.9961.0914.208.76 2011/12150.0317.48157.23118.7065.72237.6762.9617.488.762012/13155.5416.42Based on the aggregate of different marketing yearsOilseed, Soybean 160.35135.0945.63235.1745.5729.2571.91 1999/00159.3130.23175.76146.5153.82259.0753.0830.2375.44 2000/01171.5033.75184.82157.8853.00272.9354.3733.7579.47 2001/02184.3335.60196.89165.2261.34295.3762.8835.6081.48 2002/03191.1542.88186.62163.6856.04283.5954.0842.8888.40 2003/04189.0538.49215.76175.3564.75317.7363.4838.4993.16 2004/05204.3648.62220.65186.3163.80333.3664.0948.6292.90 2005/06216.0253.53235.96195.6871.09358.4668.9653.5394.31 2006/07224.8762.50219.55202.2078.63360.3878.3462.5090.59 2007/08229.4852.27211.64193.1276.89341.3077.3952.2796.34 2008/09221.0543.36260.25209.2691.86390.4486.8443.36102.16 2009/10237.9660.62263.59221.3491.12413.0088.8060.62103.00 2010/11251.9669.92238.73226.7990.42401.8593.2169.92102.90 2011/12256.1855.25269.50232.0698.86421.3096.5555.25108.902012/13262.3260.12Meal, Soybean 107.06135.1234.19148.2434.996.19nr 1999/00108.47 5.58116.03146.5436.26157.5235.925.58nr 2000/01115.97 5.30124.92157.9941.81170.6740.465.30nr 2001/02123.29 5.57130.29165.2343.07178.3242.465.57nr 2002/03129.97 5.28128.98163.6946.09179.1744.915.28nr 2003/04127.60 5.49138.64175.3647.70190.2346.105.49nr 2004/05136.62 5.90146.65186.3252.24204.0051.455.90nr 2005/06145.75 6.02153.89195.7454.70212.7952.896.02nr 2006/07151.60 6.49158.64202.2456.06220.0854.956.49nr 2007/08157.04 6.98151.73193.3052.85210.2751.566.98nr 2008/09152.60 4.83165.00209.5955.59223.1953.374.83nr 2009/10160.93 6.67174.54221.6858.53237.7056.486.67nr 2010/11170.268.90179.36227.2658.65245.7457.488.90nr 2011/12177.0410.05183.12232.5460.38251.5358.3610.05nr2012/13181.869.29Oil, Soybean 24.54135.136.2133.276.152.58nr 1999/0024.28 2.7826.74146.546.8736.426.902.78nr 2000/0126.49 3.0628.91157.988.2539.547.583.06nr 2001/0228.16 3.1430.54165.228.8141.878.193.14nr 2002/0330.22 2.8430.23163.688.7141.478.402.84nr 2003/0430.27 2.4932.56175.359.0743.918.862.49nr 2004/0531.82 3.0334.92186.319.8147.049.093.03nr 2005/0633.75 3.4836.47195.7210.5549.889.923.48nr 2006/0735.46 3.8737.74202.2210.8551.9810.373.87nr 2007/0837.67 3.4635.88193.289.1548.419.073.46nr 2008/0936.17 3.0938.82209.579.1450.548.623.09nr 2009/1038.13 3.2741.29221.669.5353.809.243.27nr 2010/1140.76 3.5242.40227.288.5254.098.173.52nr 2011/1241.76 3.8143.41232.569.0856.018.793.81nr2012/1343.623.32Based on the aggregate of different marketing years, primarily October through September.Oilseed, Rapeseed 42.480.398.2152.928.202.2326.75 1999/0040.46 4.2537.330.387.1848.586.994.2524.73 2000/0138.71 2.6936.010.394.9043.654.952.6923.29 2001/0235.90 2.8533.260.414.1340.134.022.8522.10 2002/0333.80 2.2039.440.425.5346.785.142.2025.47 2003/0438.87 2.3846.110.444.9053.495.002.3826.68 2004/0543.30 5.2948.540.456.9860.496.665.2927.27 2005/0647.72 5.7945.130.476.6357.906.995.7926.48 2006/0746.20 5.0848.510.488.1561.137.545.0828.34 2007/0849.00 3.9857.810.5012.1073.9012.123.9831.08 2008/0954.517.2860.960.5210.8278.9810.737.2831.54 2009/1059.358.8160.550.5410.8579.8110.468.8133.91 2010/1161.957.0161.560.5612.9681.4912.927.0134.11 2011/1263.52 5.0259.300.5811.1175.4111.095.0234.632012/1361.572.73Meal, Rapeseed 22.080.002.3324.682.260.34nr 1999/0021.960.3821.180.001.9023.481.920.38nr 2000/0121.290.2919.950.001.5221.771.540.29nr 2001/0219.950.3018.820.001.6220.851.730.30nr 2002/0318.960.2821.690.002.4924.462.490.28nr 2003/0421.520.4524.160.002.2426.912.300.45nr 2004/0524.330.3526.440.002.5129.342.550.35nr 2005/0626.240.5925.760.002.9629.403.050.59nr 2006/0726.190.2527.480.003.6931.293.550.25nr 2007/0827.320.2730.650.003.6134.513.580.27nr 2008/0930.660.2433.390.003.6137.263.630.24nr 2009/1033.300.3534.940.005.2040.284.990.35nr 2010/1134.690.4035.760.005.4541.225.060.40nr 2011/1235.360.4134.870.005.2340.315.030.41nr2012/1334.780.29Oil, Rapeseed 13.9912.711.7316.171.730.45nr 1999/0013.730.7113.3712.281.2015.421.340.71nr 2000/0113.450.7813.0912.091.0314.991.120.78nr 2001/0213.270.6912.2711.050.9113.860.890.69nr 2002/0312.390.5614.1712.481.3316.091.360.56nr 2003/0414.370.4015.7812.891.2917.381.200.40nr 2004/0515.580.5017.5113.221.6519.481.470.50nr 2005/0617.120.7217.2412.681.9920.152.200.72nr 2006/0717.640.5218.4913.111.9021.032.020.52nr 2007/0818.280.8520.5914.112.4423.872.430.85nr 2008/0920.30 1.1322.5215.122.7626.572.911.13nr 2009/1022.59 1.2223.6816.263.4528.203.301.22nr 2010/1123.54 1.2224.2916.383.9729.473.961.22nr 2011/1223.75 1.7523.5216.483.7528.793.511.75nr2012/1323.741.30Based on the aggregate of different marketing years.Oilseed, Sunflowerseed 27.14 2.0026.302.252.041.3823.03 1999/0023.07 1.5623.312.412.202.0019.91 2000/0121.41 1.5021.381.211.111.5618.83 2001/0223.92 1.9923.251.551.381.5020.21 2002/0326.83 2.7126.032.262.191.9923.00 2003/0425.25 2.2325.651.231.142.7120.87 2004/0530.27 2.7429.641.521.402.2322.90 2005/0630.35 3.3829.571.921.782.7423.73 2006/0727.44 3.0527.531.481.253.3821.20 2007/0833.48 3.2932.962.141.863.0523.89 2008/0932.18 2.1233.281.561.483.2923.20 2009/1033.46 1.8933.481.791.582.1223.20 2010/1140.30 1.6540.402.001.861.8925.74 2011/1236.370.9137.081.641.621.6524.742012/13Meal, Sunflowerseed 10.560.4010.752.352.540.39nr 1999/009.320.329.632.002.230.40nr 2000/018.340.248.222.111.910.32nr 2001/028.990.178.962.312.200.24nr 2002/0310.220.219.982.862.660.17nr 2003/049.970.179.792.772.550.21nr 2004/0511.520.2511.183.553.300.17nr 2005/0611.490.1811.393.493.320.25nr 2006/0710.710.2310.173.292.790.18nr 2007/0812.750.5312.114.333.990.23nr 2008/0912.960.5312.324.153.510.53nr 2009/1013.140.5812.394.603.900.53nr 2010/1115.940.9014.896.806.080.58nr 2011/1214.690.3215.125.425.270.90nr2012/13Oil, Sunflowerseed 9.27 1.258.722.902.461.15nr 1999/008.180.928.282.242.011.25nr 2000/017.440.567.681.931.810.92nr 2001/028.120.627.742.312.000.56nr 2002/039.200.628.502.681.970.62nr 2003/049.140.868.492.582.180.62nr 2004/0510.67 1.049.883.923.310.86nr 2005/0610.710.8310.194.053.331.04nr 2006/0710.140.949.243.532.730.83nr 2007/0811.95 1.7210.684.554.060.94nr 2008/0912.12 1.4911.594.493.731.72nr 2009/1012.29 1.2911.554.583.651.49nr 2010/1115.12 2.5612.986.435.551.29nr 2011/1213.812.2813.336.225.462.56nr2012/13Based on the aggregate of different marketing years, primarily September through August.Table 19: World: Palm Oil, Coconut Oil, and Fish Meal Supply and DistributionOil, Palm 13.1317.232.8014.0437.6921.802.76 1999/0020.33 3.3316.2819.963.4916.5143.9124.313.33 2000/0123.96 3.4516.4820.023.8717.6945.2425.313.45 2001/0224.46 3.0919.6721.924.7320.0450.4527.683.09 2002/0327.24 3.1621.8923.135.5122.1755.1030.053.16 2003/0429.23 3.7124.2724.806.7925.1261.4733.503.71 2004/0532.26 4.1026.0625.767.6627.4165.9135.744.10 2005/0634.07 4.4327.1527.308.2627.7368.9237.344.43 2006/0736.21 4.9830.4629.829.2432.3276.4641.034.98 2007/0839.76 4.3834.0631.5910.3234.9382.4544.024.38 2008/0942.71 4.8235.3232.9610.9935.7586.0145.874.82 2009/1044.79 5.4636.1134.2611.8837.0589.5047.925.46 2010/1146.77 5.6838.1135.4612.8138.9694.4950.705.68 2011/1248.86 6.6739.7937.4713.6340.7999.7953.336.672012/1351.797.20Oil, Coconut 1.48 1.681.101.965.043.370.20 1999/00 2.900.181.77 1.921.171.835.543.590.18 2000/01 3.220.501.83 1.871.251.795.503.170.50 2001/02 3.280.431.89 1.931.241.735.463.140.43 2002/03 3.290.441.68 1.811.271.805.413.290.44 2003/04 3.210.411.91 1.801.372.085.773.460.41 2004/05 3.260.422.03 1.911.472.055.913.460.42 2005/06 3.520.341.87 1.771.471.745.423.220.34 2006/07 3.320.361.90 1.911.521.935.803.540.36 2007/08 3.450.431.66 1.791.551.485.623.540.43 2008/09 3.350.792.29 2.261.682.176.703.630.79 2009/10 3.960.571.78 2.061.721.716.183.830.57 2010/11 3.810.661.86 2.091.621.856.083.560.66 2011/12 3.730.511.842.051.611.775.873.520.512012/13 3.680.42Meal, Fish 3.700.000.083.6610.696.330.67 1999/00 6.390.653.470.000.083.4710.045.920.65 2000/01 6.170.403.250.000.083.069.485.830.40 2001/02 5.730.692.840.000.082.868.384.840.69 2002/03 5.210.313.120.000.073.218.775.340.31 2003/04 5.380.183.610.000.053.669.505.710.18 2004/05 5.690.152.940.000.052.738.054.960.15 2005/06 5.170.152.690.000.052.597.905.070.15 2006/07 4.980.333.010.000.052.858.585.240.33 2007/08 5.420.313.110.000.052.958.525.100.31 2008/09 5.330.242.620.000.052.277.184.320.24 2009/10 4.700.212.650.000.052.497.414.550.21 2010/11 4.750.182.920.000.052.667.834.740.18 2011/12 4.990.182.900.000.052.707.864.780.182012/135.020.14Based on the aggregate of different marketing years.Major Oilseeds 82,31547,90527,39593,85475910,78037,149 1999/0057,4748,98584,89149,18927,97694,6938178,98536,805 2000/0158,8977,82089,83250,63129,96698,3056537,82037,323 2001/0261,4666,87383,93547,50529,43391,3585506,87336,284 2002/0356,0905,83576,60445,53925,15882,9425035,83536,041 2003/0453,6324,15295,94450,16730,708100,7776814,15236,808 2004/0561,7808,28995,67051,89726,611104,6236648,28936,587 2005/0663,81114,20196,84353,48331,647112,0771,03314,20136,962 2006/0763,40717,02382,45353,49533,045100,7411,26517,02331,970 2007/0860,7876,90989,20149,34335,69497,4051,2956,90935,265 2008/0956,0925,61998,90251,48741,690105,5871,0665,61935,512 2009/1058,3535,544100,37749,33541,827106,8669455,54437,179 2010/1157,7317,30892,34850,35637,692100,9411,2857,30835,135 2011/1257,6785,57192,71348,52037,71799,5451,2615,57136,7102012/1356,7095,119Major Protien Meals 36,71347,9057,13138,2881,242333nr 1999/0030,86029738,23849,1897,60739,6971,162297nr 2000/0131,69339738,89050,6317,52440,3471,060397nr 2001/0232,53728636,58547,5055,92438,0651,194286nr 2002/0331,89524635,20045,5394,94537,2821,836246nr 2003/0432,06427339,24650,1676,95441,0481,529273nr 2004/0533,87921539,91051,8977,60841,7781,653215nr 2005/0633,80936141,44953,4838,26443,5091,699361nr 2006/0734,86038540,87353,4958,70643,2381,980385nr 2007/0834,19933337,72449,3437,94039,8661,809333nr 2008/0931,68024640,07351,48710,30741,6621,343246nr 2009/1031,01434138,06349,3358,48740,6442,240341nr 2010/1131,77937839,54450,3569,16142,9523,030378nr 2011/1233,45433737,45048,5208,28340,9093,122337nr2012/1332,288338Major Vegetable Oils 9,41347,9051,12611,9331,5229980 1999/009,5921,2159,55449,1891,04712,4521,6831,2150 2000/019,7661,6399,68150,6311,54912,9471,6271,6390 2001/0210,0931,3059,19747,5051,23812,0451,5431,3050 2002/039,8859228,77945,53974011,6121,9119220 2003/0410,0777959,76950,16783812,4051,8417950 2004/0510,4431,12410,42351,89789913,9262,3791,1240 2005/0611,2301,79710,45553,4831,33314,7792,5271,7970 2006/0711,7051,74110,54553,4951,67915,3943,1081,7410 2007/0812,2511,4649,67049,3431,45714,3643,2301,4640 2008/0911,1701,73710,06651,4871,94815,1413,3381,7370 2009/1011,2011,9929,78549,3351,86115,3893,6121,9920 2010/1111,9181,61010,06150,3561,14915,5013,8301,6100 2011/1212,8081,5449,90048,5201,45515,6694,2251,5442012/1313,0841,130Based on the aggregate of different marketing yearsOilseed, Soybean 72,22442,92726,53781,8221149,48429,318 1999/0047,3887,89775,05544,62527,10383,049977,89729,303 2000/0149,2036,74378,67246,25928,94885,478636,74329,532 2001/0250,8675,66375,01043,94828,42380,8001275,66329,339 2002/0347,5244,85366,78341,63224,12871,7871514,85329,330 2003/0444,6003,05985,01946,16029,86088,2301523,05929,930 2004/0551,4106,96083,50747,32425,57990,559926,96028,834 2005/0652,75112,22987,00149,19830,38699,47624612,22930,190 2006/0753,47315,61772,85949,08131,53888,74526915,61725,959 2007/0851,6275,58080,74945,23034,81786,6903615,58030,222 2008/0948,1123,76191,41747,67340,79895,5753973,76130,907 2009/1050,6714,10690,60544,85140,84995,1043934,10631,003 2010/1148,4035,85284,19246,34837,06390,4834395,85229,856 2011/1248,8104,61082,05543,95336,60587,2095444,61030,7982012/1347,2073,397Meal, Soybean 34,10242,9276,91234,46765300nr 1999/0027,28926635,73044,6257,33536,04650266nr 2000/0128,36334836,55246,2597,27137,034134348nr 2001/0229,54521834,64943,9485,72835,024157218nr 2002/0329,09620032,95341,6324,69033,412259200nr 2003/0428,53119136,93646,1606,65937,261134191nr 2004/0530,44615637,41647,3247,30137,700128156nr 2005/0630,11428539,03749,1987,98739,464142285nr 2006/0731,16631138,35949,0818,38438,798128311nr 2007/0830,14826635,47345,2307,70835,81980266nr 2008/0927,89821337,83647,67310,12438,194145213nr 2009/1027,79627435,60844,8518,23836,045163274nr 2010/1127,48931837,21746,3488,83737,731196318nr 2011/1228,62227234,88243,9537,98335,381227272nr2012/1327,126272Oil, Soybean 8,08542,9276248,81237690nr 1999/007,2849048,35544,6256369,29233904nr 2000/017,4011,2558,57246,2591,1439,848211,255nr 2001/027,6351,0708,36043,9481,0279,451211,070nr 2002/037,7486767,74841,6324258,563139676nr 2003/047,6504888,78246,1606009,28212488nr 2004/057,9117719,24847,32452310,03516771nr 2005/068,1471,3659,29449,19885110,676171,365nr 2006/078,4261,3999,33549,0811,32010,764301,399nr 2007/088,3171,1278,50345,2309959,671411,127nr 2008/097,3781,2988,89747,6731,52410,242471,298nr 2009/107,1731,5458,56844,8511,46610,185721,545nr 2010/117,6191,1008,95446,34866410,122681,100nr 2011/128,3061,1528,60743,9531,0439,9181591,152nr2012/138,120755Data based on Local Marketing Year (MY). Soybeans are on a September/August MY, and Soybean Meal and Oil are on an October/September MY.Table 22: Brazil Soybeans and Products Supply and Distribution Local Marketing YearsOilseed, Soybean (Local)34,70021,57811,77935,89779440313,600 1999/0023,50261639,50022,77315,52140,97085461613,934 2000/0124,79265743,50025,84216,07445,2571,10065716,350 2001/0228,20298152,00027,79619,98754,1051,12498118,448 2002/0330,3203,79851,00028,91419,25755,1623643,79821,520 2003/0431,8074,09853,00029,72822,79957,4503524,09822,917 2004/0532,5132,13857,00028,75624,77059,178402,13822,229 2005/0631,6562,75259,00031,51123,80561,8601082,75220,700 2006/0734,3613,69461,00031,89524,51564,777833,69421,300 2007/0834,6955,56757,80030,77928,04163,4911245,56721,700 2008/0933,5441,90669,00035,70129,18871,0561501,90623,500 2009/1038,6013,26775,30037,26433,78978,607403,26724,200 2010/1140,2644,55466,50034,80032,18971,3342804,55425,000 2011/1237,9001,24583,50037,87539,87584,795501,24527,5002012/1341,0793,841Meal, Soybean (Local)16,83121,5789,87617,544119594nr 1999/007,06860017,75322,77311,11018,583230600nr 2000/017,17130220,39225,84212,78321,082388302nr 2001/027,59670321,77327,79613,54222,813337703nr 2002/038,29297922,33028,91414,59623,536227979nr 2003/048,09984123,04029,72814,25624,125244841nr 2004/059,13373622,28028,75612,28723,230214736nr 2005/0610,08086324,42031,51112,34625,429146863nr 2006/0711,5201,56324,72031,89512,70926,4261431,563nr 2007/0812,0001,71723,85030,77912,15325,653861,717nr 2008/0912,2001,30027,67035,70114,14729,055851,300nr 2009/1013,1431,76528,88037,26414,45230,696511,765nr 2010/1113,7002,54427,00034,80013,85429,564202,544nr 2011/1214,0001,71029,35037,87514,67531,110501,710nr2012/1314,5001,935Oil, Soybean (Local)4,03621,5781,1344,383111236nr 1999/002,9712784,37022,7731,6164,73587278nr 2000/012,9371824,90525,8422,1005,227140182nr 2001/022,9361915,34927,7962,4055,58747191nr 2002/032,8972855,55028,9142,5315,84914285nr 2003/042,9703485,70529,7282,6976,0563348nr 2004/053,0992605,52028,7562,3155,79818260nr 2005/063,2112726,05031,5112,5216,38462272nr 2006/073,5053586,12031,8952,1986,4879358nr 2007/084,0052845,91030,7791,4966,23541284nr 2008/094,3953446,85035,7011,6327,1962344nr 2009/105,0605047,05037,2641,7587,5540504nr 2010/115,2855116,67034,8001,7047,1810511nr 2011/125,2102677,27037,8751,7307,537267nr2012/135,435372Data based on Brazil's local February/January Marketing Year (MY).Where February 2012 - January 2013 is the 2011/12 MY.。