July 19, 2005
ASA Weekly: China's soybean imports up; surge in India's feed meal demand
China's soybean imports increase
China imported 12.01 million tonnes of soybeans in the first half of 2005, up 33.6 percent year-on-year, China's Customs General Administration said in the week of Jul 11.
Though it did not provide June's import data, earlier data shows that the country imported 9.35 million tonnes of soybeans in the January to May period.
This indicates that imports in June totalled 2.66 million tonnes, up sharply from the 1.46 million tonnes of soybean imports in June last year.
Indian oilmeal feed demand to surge
Rapid growth in India's meat and dairy sectors is expected to increase demand for animal feeds to 68 million tonnes by 2010 from the current demand of 42 million tonnes, according to D.P. Khandelia, president of the Solvent Extractors' Association of India.
Speaking at an industry seminar in India last week, Khandelia said the use of high-quality grade oilmeal in compound feeds would help India meet growing demand for animal protein both locally and abroad.
The country has a large population of cattle, but output per animal is currently well below international standards. Khandelia thus believes that India should adopt a national agriculture policy to boost India's livestock and aquaculture sectors,
India's agriculture sector contributed 24.2 percent of India's total GDP last year, of which 5.9 percent was contributed by the livestock sector. Dairy alone accounts for about 2 percent of total GDP, a figure that should surpass 5 percent by 2010.
Meanwhile, Kerala province's chief minister Oommen Chandy said efforts to popularise oilmeal usage in feed are already helping to boost the dairy sector and encouraging coconut cultivation in the state.
Johanns discusses trade issues with China
US Agriculture Secretary Mike Johanns last week announced progress with China on several key market access fronts after meeting with Chinese officials.
In his first visit to China as Agriculture Secretary, Johanns took part in the US-China Joint Commission on Commerce and Trade meeting-a bilateral forum for resolving trade issues¡ªwhich was also attended by US Trade Representative Rob Portman and Commerce Secretary Carlos Gutierrez.
Johanns commended China's efforts to increase approvals of biotech crops and noted the willingness of the US to work with China to promote a regulatory system based on sound science to expedite future approvals.
"Cooperation is essential in any trading relationship," said Johanns. "A great example of our cooperative efforts is in the area of biotechnology where we are working together on the development and use of agricultural biotechnology that benefits farmers and consumers alike."
Mississippi lock additions approved
The House of Representatives in the US voted last week to build seven locks to speed barge shipments of grains, petroleum and other goods on the upper Mississippi and lower Illinois rivers.
Proponents said the new 1,200-foot locks would ease congestion, encourage farm exports and lower the cost of shipping bulk goods. They would be built alongside existing 600-foot locks.
The project's critics question why the federal government would pour so much money into the upper Mississippi at a time when traffic is declining. Between 1990 and 2004, traffic through the five major locks dropped 40 to 45 percent, partly because Midwestern growers sold an increasing amount of corn to nearby ethanol plants and shipped some goods by rail out West. Delays on the river are already declining partly due to less traffic.
The Corps has pushed for the project, suggesting that under the most likely scenario, river traffic between 2000 and 2025 would increase 30 percent.
|
U.S. & South America Soybean/Products Balance | |||||||||
|
United States |
Argentina |
Brazil | |||||||
|
Actual |
Estimate |
Proj. |
Actual |
Estimate |
Proj. |
Actual |
Estimate |
Proj. | |
|
2002/03 |
2003/04 |
2004/05 |
2003/04 |
2004/05 |
2005/06 |
2003/04 |
2004/05 |
2005/06 | |
|
Soybeans |
thousand tonnes | ||||||||
|
Carryin |
5,663 |
4,853 |
3,059 |
896 |
1,630 |
2,820 |
681 |
3,129 |
4,186 |
|
Production |
75,010 |
66,778 |
85,484 |
35,500 |
33,000 |
39,000 |
52,000 |
52,600 |
53,000 |
|
Imports |
127 |
151 |
136 |
400 |
540 |
350 |
1,124 |
350 |
213 |
|
Crush |
43,966 |
41,631 |
44,906 |
24,723 |
24,298 |
26,842 |
27,796 |
29,172 |
30,215 |
|
Exports |
28,441 |
23,946 |
29,937 |
8,910 |
6,500 |
8,700 |
19,987 |
19,571 |
20,888 |
|
Other |
3,540 |
3,146 |
4,171 |
1,533 |
1,552 |
1,652 |
2,893 |
3,150 |
3,200 |
|
Usage |
75,947 |
68,723 |
79,014 |
35,166 |
32,350 |
37,194 |
50,676 |
51,893 |
54,303 |
|
Carryout |
4,853 |
3,059 |
9,665 |
1,630 |
2,820 |
4,976 |
3,129 |
4,186 |
3,096 |
|
Soymeal |
thousand tonnes | ||||||||
|
Carryin |
218 |
200 |
191 |
330 |
347 |
250 |
490 |
763 |
469 |
|
Production |
34,666 |
32,953 |
35,674 |
19,486 |
19,050 |
21,253 |
21,950 |
22,920 |
23,730 |
|
Domestic use |
29,380 |
29,257 |
30,345 |
250 |
260 |
270 |
8,750 |
8,784 |
9,400 |
|
Net Exports |
5,304 |
3,705 |
5,293 |
19,219 |
18,887 |
20,583 |
12,927 |
14,430 |
14,374 |
|
Usage |
34,684 |
32,962 |
35,638 |
19,469 |
19,147 |
20,853 |
21,677 |
23,214 |
23,774 |
|
Carryout |
200 |
191 |
227 |
347 |
250 |
650 |
763 |
469 |
425 |
|
Soybean oil |
thousand tonnes | ||||||||
|
Carryin |
1,070 |
676 |
488 |
105 |
99 |
74 |
150 |
150 |
93 |
|
Production |
8,363 |
7,748 |
8,509 |
4,554 |
4,435 |
4,947 |
5,031 |
5,258 |
5,448 |
|
Domestic use |
7,752 |
7,651 |
7,847 |
130 |
130 |
145 |
2,668 |
2,710 |
2,785 |
|
Net exports |
1,005 |
285 |
587 |
4,430 |
4,330 |
4,676 |
2,363 |
2,605 |
2,666 |
|
Usage |
8,757 |
7,936 |
8,434 |
4,560 |
4,460 |
4,821 |
5,031 |
5,315 |
5,451 |
|
Carryout |
676 |
488 |
563 |
99 |
74 |
200 |
150 |
93 |
90 |
|
USDA Export Sales (tmt) - Week of 07 July 2005 | ||||||||
|
Country |
Commodity |
New Sales |
Accum. Exports |
|
Country |
Commodity |
New Sales |
Accum. Exports |
|
Belgium |
Soybeans |
1.5 |
326.9 |
|
Hong Kong |
Soymeal |
0.2 |
6.6 |
|
Canada |
Soybeans |
1.1 |
335.5 |
|
Japan |
Soymeal |
8.6 |
243.9 |
|
China |
Soybeans |
0.2 |
11850.4 |
|
Mexico |
Soymeal |
57.1 |
854.9 |
|
Colombia |
Soybeans |
0.2 |
134.8 |
|
Panama |
Soymeal |
4.2 |
97 |
|
Cuba |
Soybeans |
0.1 |
77.9 |
|
Salvador |
Soymeal |
0.8 |
75.0 |
|
Denmark |
Soybeans |
18.7 |
858.8 |
|
Vietnam |
Soymeal |
0.5 |
3.7 |
|
Japan |
Soybeans |
46.3 |
2684 |
|
Canada |
Soyoil |
10.4 |
29.6 |
|
Mexico |
Soybeans |
12.2 |
3019.5 |
|
Mexico |
Soyoil |
1.3 |
129.1 |
|
Philippines |
Soybeans |
23.5 |
153.3 |
|
Oman |
Soyoil |
0.1 |
0.2 |
|
Syria |
Soybeans |
14.2 |
75.6 |
|
|
|
|
|
|
Taiwan |
Soybeans |
0.3 |
1458.6 |
|
|
|
|
|
|
Turkey |
Soybeans |
8.0 |
564.6 |
|
Export Sales Totals (tmt) | |||
|
Canada |
Soymeal |
17.4 |
773.2 |
|
Commodity |
Outstanding Sales |
Accum. Exports |
New Sales |
|
Colombia |
Soymeal |
0.2 |
182.3 |
|
Soybeans |
1,296.9 |
28,808.2 |
119.5 |
|
Ecuador |
Soymeal |
5.1 |
29.4 |
|
Soymeal |
598.8 |
4,964.5 |
79.5 |
|
Guatemala |
Soymeal |
1.5 |
176.5 |
|
Soyoil |
30.2 |
375.9 |
-0.1 |
