Oilseed markets situation IOPD IX June 16-17,2006 San Francisco

Continuous increase in world consumption, driven by Asian demand Asia-EU-North America : 80% of world oilseeds consumption

Chinese imports of soybean and products: nearly 10% annual increase since 1995 Asia-EU : close to 80% of world soya imports

Oilseeds world production Ü Soybean accounts for about 60% of oilseeds production

World oiseeds production: still above the long term trend in 2005/06 (+ 5 %) +17 Mn T

All oilseeds: +2% to +3% Soybeans: limited increase Other oilseeds: supply remains at a high level World oilseeds production: slight increase in 2005/06 after a jump in 2004/05

Soybean gets closer to the long term trend, the other oilseeds remain significantly above trend +13 Mn T Others Soybean

US soybeans: relative stability of areas, abundant crops in 04/05 and 05/06 thanks to good yields

South America: increase in soybean areas is slowing down from 2005/06, in particular in Brazil

Soybean: a new supply/demand balance shaping up for 2006/07

Rapeseed: high but stable production in Europe, increasing supply on the world market

Rapeseed: increasing areas

Rapeseed - EU 25: more than 15 Mn T production for the second year 5 countries represent 90% of EU production in 2005

Rapeseed: 2004 and 2005 yields in the major EU producing countries

Rapeseed: favorable perspectives with increasing crushing capacities CRUSHINGPRODUCTION

Rapeseed – EU 25: Utilisations becoming higher than production

Sunflower: world production  Significant increase in production, with the help of good yields, in Russia/Ukraine  Production around 4 Mn T in the EU-25 since 1999

Sunflower: world areas  Area increase in Russia/Ukraine  Decrease in the EU 25, with 2 MnHa

Palm oil: increasing production and growing share of Indonesia

Vegetable oils: world consumption is in progress, rape oil takes a growing part with biodiesel since 2002/03

EU : consumption increases for all oils, more pronouncedly for rapeseed and palm oils

EU: strong growth in rapeseed oil demand, on the account of biofuels

EU becoming a net importer of rapeseed and soybean oils  Increasing utilisations of rapeseed oil  Decreasing crushings (and imports) of soybeans, while soybean oil consumption increases

Oilmeal prices in dollars slightly under long term average

Vegetable oils prices slightly above long term average on the world market average prices

Oils in Europe: reinforced premium for rapeseed, driven by biodiesel, large world supplies bearing on sunflower

Soybeans: also at a relatively low price

Rapeseed: the price has been penalised by a deficit of crushing capacity (and by the exchange rate in EU) average prices

Sunflowerseed: the price has been penalised by ample world supplies (and by the exchange rate in EU) average prices