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