August 16, 2004

USDA 2004-2005 Soybean Oil Trade Projections

For Oct-Sep market year, unless otherwise noted. 1/ Sep-Aug; 2/ Nov-Oct; 3/ Jan-Dec; 4/ Jun-Jul; 5/ Aug-Jul; 6/ an aggregate of individual market years. Data in 1,000 metric tons.
Source: Foreign Agriculture Service, Oilseeds: Markets and Trade Report.
 
                                                     --% change--
                                                    04/05-    03/04- 
                              2004/05   2003/04   2002/03      03/04     02/03
 -EXPORTERS-
US                          476          386         1,027          23.3      -62.4
Brazil                      3,306       2,664      2,267          24.1      17.5
Argentina                4,638       4,513      4,340          2.8        4.0
EU-25                     686          608         707            12.8      -14.0
India                      10            15           5               -33.3     200.0
Paraguay                225          196         176           14.8      11.4
Other 6/                 676          624         647             8.3       -3.6
 
 WORLD TOTAL 6/   10,017     9,006     9,169         11.2        -1.8
 
 -SELECTED IMPORTERS-
EU-25                    51          24        46      112.5     -47.8
FSU-12                  182        85       184      114.1     -53.8
 Russia                  182        85       183      114.1     -53.6
 Ukraine                0            0         1          0           0
Oth Europe           12           12       12         0           0
Asia                     4,658      4,385   4,122    6.2        6.4
 China                  2,400      2,700   1,712    -11.1    57.7
 Japan                  25          18        12        38.9      50.0
 Taiwan                50           45       39        11.1      15.4
 Rep of Korea 2/   192         190      157       1.1       21.0
 Indonesia            18           18       16        0.0        12.5
 Thailand              3             3         3         0.0        0.0
 Malaysia              60           55       126      9.1       -56.3
 Philippines 3/       20           20       17        0.0        17.6
 India                  1,150       650      1,255   76.9     -48.2
 Pakistan             150          140      162      7.1     -13.6
Mid-East/N Afric    2,571      2,031    2,255    6.6      -9.9
 Israel                 10           10        14         0.0     -28.6
 Iran                   1,125       775      950       45.2     -18.4
 Egypt                 355          355      364        0.0      -2.5
 Morocco              333         285      300       16.8      -5.0
 Tunisia               200          190      175        5.3       8.6
 Algeria 3/           120          40        90         200.0   -55.6
 Turkey 2/           220          195      189       12.8       3.2
Other Africa 6/     464         444       436        4.5       1.8
 S Africa 4/          173         173       165        0.0       4.8
Latin America 6/   1,658     1,549     1,446      7.0       7.1
 Mexico 1/           225         200       192       12.5       4.2
 Venezuela          230         221       201        4.1      10.0
Canada 5/          130         130       110        0.0       18.2
Other 6/             113         184        74       -38.6      148.6
 
 WORLD TOTAL 6/ 9,839     8,844     8,685       11.3       1.8