June 9, 2005
USDA: Israel's soybean and oil meal imports fall
In the first half of MY 2004 (October 2004 through March 2005), Israel saw a 3 and 29 percent drop in soybean and oil meal imports respectively, compared to the same period one year ago.
The U.S. market share for soybeans also decreased by 58 percent, compared to the same period. This is due to the increased imports of soybeans from Argentina and Brazil in recent years.
In CY 2004, the U.S. market share for soybeans decreased by 70 percent (from 243 TMT to 72 TMT), and the U.S. market share for oil meals dropped by 76 percent (from 46 TMT to 20 TMT).
Recently, local grain millers and processing plants have also shown a preference for imports of Hi-Pro 48 percent oil meals.
Oilseed, Soybean
|
| |||||||
|
Oilseed, Soybean | |||||||
|
|
2003 |
Revised |
2004 |
Estimate |
2005 |
Forecast |
UOM |
|
|
USDA Official [Old] |
Post Estimate [New] |
USDA Official [Old] |
Post Estimate [New] |
USDA Official [Old] |
Post Estimate [New] |
|
|
Market Year Begin |
10/2003 |
10/2004 |
10/2005 |
MM/YYYY | |||
|
Area Planted |
0 |
0 |
0 |
0 |
0 |
0 |
(1000 HA) |
|
Area Harvested |
0 |
0 |
0 |
0 |
0 |
0 |
(1000 HA) |
|
Beginning Stocks |
70 |
50 |
77 |
40 |
77 |
40 |
(1000 MT) |
|
Production |
0 |
0 |
0 |
0 |
0 |
0 |
(1000 MT) |
|
MY Imports |
494 |
570 |
600 |
590 |
0 |
625 |
(1000 MT) |
|
MY Imp. from U.S. |
152 |
163 |
300 |
165 |
0 |
175 |
(1000 MT) |
|
MY Imp. from the EC |
0 |
0 |
0 |
0 |
0 |
0 |
(1000 MT) |
|
TOTAL SUPPLY |
564 |
620 |
677 |
630 |
77 |
665 |
(1000 MT) |
|
MY Exports |
0 |
0 |
0 |
0 |
0 |
0 |
(1000 MT) |
|
MY Exp. to the EC |
0 |
0 |
0 |
0 |
0 |
0 |
(1000 MT) |
|
Crush Dom. Consumption |
472 |
560 |
570 |
570 |
0 |
600 |
(1000 MT) |
|
Food Use Dom. Consump. |
10 |
5 |
20 |
10 |
0 |
10 |
(1000 MT) |
|
Feed,Seed,Waste Dm.Cn. |
5 |
5 |
10 |
5 |
0 |
5 |
(1000 MT) |
|
TOTAL Dom. Consumption |
487 |
580 |
600 |
590 |
0 |
615 |
(1000 MT) |
|
Ending Stocks |
77 |
40 |
77 |
40 |
0 |
50 |
(1000 MT) |
|
TOTAL DISTRIBUTION |
564 |
620 |
677 |
630 |
0 |
665 |
(1000 MT) |
|
Calendar Year Imports |
0 |
597 |
0 |
553 |
0 |
575 |
(1000 MT) |
|
Calendar Yr Imp. U.S. |
0 |
243 |
0 |
72 |
0 |
120 |
(1000 MT) |
|
Calendar Year Exports |
0 |
0 |
0 |
0 |
0 |
0 |
(1000 MT) |
|
Calndr Yr Exp. to U.S. |
0 |
0 |
0 |
0 |
0 |
0 |
(1000 MT) |
Production
In Israel, there is essentially no production of oilseeds for crushing.
All oilseeds for crushing are imported. This condition is not expected to change, as production for crushing is not economical due to Israel's serious water shortage. Neither the partial replenishment of water reserves during the recent years, nor the development of increased recycled water resources, will fundamentally change the situation for oilseeds production.
Trade Imports
As a result of a worldwide decrease in soybean prices in the second quarter of 2004, imports of soy meals increased, which resulted in a decrease in local soy meal production. In the first half of MY 2004 (October 2004 to March 2005), data shows a 3 percent decrease in soybean imports, compared to the same period a year ago (from 334 TMT to 323 TMT). In the first half of MY 2004, data shows a 60 percent decrease in the U.S. market share for soybeans (from 160 TMT to 64 TMT). Soybean imports have decreased by 7 percent in CY 2004, from 596 TMT in CY 2003 to 554 TMT in CY 2004.
The decreased quantity of imports is mainly a result of lower demand from the local livestock sector, which remained stable in production volume but improved its feed conversion. In CY 2004, the U.S. market share for imported soybeans dropped by 68 percent compared to the previous year, from 243 TMT to 72 TMT. The drop in U.S. market share was a result of increased imports from Brazil and Argentina. The forecast for MY 2004 is for total soybean imports of 570 TMT, of which the U.S. market share will stand at 27 percent.
For the full USDA report, click here.
