October 15, 2004

 

 

USDA 2004-05 Soybean Meal Trade Projections

 

In Wednesday's "USDA 2004-05 Soymeal Trade Projections", the data for Rep. of Korea and Indonesia was incorrectly reported by the US Department of Agriculture. Following is a corrected version. (c)-corrected by USDA.

 

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                   4,899     3,901     5,461       25.6     -28.6

Brazil              16,940    14,940    13,750       13.4       8.7

Argentina           20,210    19,711    18,461        2.5       6.8

EU-25                  308       301       346        2.3     -13.0

India                2,500     3,350     1,225      -25.4     173.5

Paraguay             1,070       917       833       16.7      10.1

Other 6/             2,265     2,001     2,099       13.2      -4.7

 

 WORLD TOTAL 6/     48,192    45,121    42,175        6.8       7.0

 

 -SELECTED IMPORTERS-

EU-25               24,500    23,600    21,642        3.8       9.0

FSU-12                 610       523       452       16.6      15.7

 Russia                380       325       280       16.9      16.1

 Ukraine               110        85        80       29.4       6.3

Oth Europe             750       700       669        7.1       4.6

Asia                 8,769     8,658     9,159        1.3      -5.5

 China                  30        20         0       50.0        NA

 Japan               1,300     1,200     1,073        8.3      11.8

 Taiwan                 25        80        18      -68.8     344.4

 Rep of Korea 2/     1,420(c)  1,320(c)  1,497(c)     7.6     -11.8

 Indonesia           1,400(c)  1,300(c)  1,500(c)     7.7     -13.3

 Thailand            1,300     1,650     1,900      -21.2     -13.2

 Malaysia              650       600       445        8.3      34.8

 Philippines 3/      1,250     1,200     1,433        4.2     -16.3

 India                   0         0         0         NA        NA

 Pakistan              100       100        70        0.0      42.9

Mid-East/N Afric     6,150     5,790     5,256        6.2      10.2

 Israel                 90        90        65        0.0      38.5

 Iran                  725       750       550       -3.3      36.4

 Egypt               1,600     1,410     1,300       13.5       8.5

 Morocco               130       135       110       -3.7      22.7

 Tunisia               375       360       330        4.2       9.1

 Algeria 3/            510       440       425       15.9       3.5

 Turkey 2/             470       450       459        4.4      -2.0

Other Africa 6/        629       613       592        2.6       3.5

 S Africa 4/           540       540       530        0.0       1.9

Latin America 6/     4,998     4,852     4,400        3.0      10.3

 Mexico 1/             775       750       621        3.3      20.8

 Venezuela             730       700       512        4.3      36.7

Canada 5/            1,000     1,040     1,050       -3.8      -1.0

Other 6/               680       707       591       -3.8      19.6

 

 WORLD TOTAL 6/     48,086    46,483    43,811        3.4       6.1