1. © LaSoy GmbH 2005 The Changing Soya World A short summary presented by Lucas Meyer CEO LaSoy GmbH Germany

2. © LaSoy GmbH 2005 Who am I ? 1976 to 1999 CEO of Lucas Meyer – The Lecithin people, a world market leader in food ingredients 1999 sold the family business to Degussa AG 2000 Biovalor AG – development and marketing of healthy ingredients for Functional Foods 2004 LaSoy GmbH – starting materials for making the whole range of dairy analogues from soya

3. © LaSoy GmbH 2005 What will I present ? Overview World Soya supply, split gm/non gm, regional distribution, perspectives The soya supply chain from harvest to consumption The key players Soya bean meal supply – Current situation and alternatives Price implications

4. © LaSoy GmbH 2005 World Oilseed Production 2004 Source: USDA 216,9 45,6 45,1 33,2 25,4 Total: 380,3 mill metric tons

5. © LaSoy GmbH 2005 World Soybean Production 2004 Source USDA 85,5 53,0 39,0 18,0 Total: 216,9 mill metric tons

6. © LaSoy GmbH 2005 World Soybean Exports 2004 Source: USDA 29,9 20,3 7,6 Total: 62,3 mill metric tons

7. © LaSoy GmbH 2005 gm/non-gm soyabeans world production in 2004 gm soyabeans 133 mill metric tons non-gm soyabeans 84 mill metric tons Total: 217 mill metric tons

8. © LaSoy GmbH 2005 Regional distribution gm vs. non-gm

9. © LaSoy GmbH 2005 What are the perspectives? gm crop in Brazil will increase from current level of 34% to around 50% in 3 years, gradually moving from south to north segregation in Brazil will become increasingly difficult for the above reasons, gm share in world soya crop will increase from current level of 61% to around 70% in 3 years

10. © LaSoy GmbH 2005 Brazil – What‘s happening ?

11. © LaSoy GmbH 2005 perspectives part 2 sufficient supply of products that can be directly made from non-gm soya beans shortage of non-gm products coming from conventional crushing plants –defatted soya meal –refined soyabean oil –lecithins –tocopherols/natural vitamin E –isoflavones

12. © LaSoy GmbH 2005 From harvest to consumption - the soya supply chain

13. © LaSoy GmbH 2005 Soya – The key players in a mega industry Soya crushers and traders ABC ADM Archer Daniels Midland Inc., Decatur/USA Bunge Inc., Sao Paulo/Brazil Cargill Inc., Minneapolis/USA the restSee list of soya crushers and traders in 2006 Soya & Oilseed Bluebook from Soyatech Inc. Bar Harbor/USA www.soyatech.com Seed suppliers Pioneer (DuPont), Johnston/USA Monsanto, St. Louis/USA

14. © LaSoy GmbH 2005 Protein Meal Consumption 2004 Source USDA 137,0 24,4 14,4 9,4 Total: 202,6 mill metric tons

15. © LaSoy GmbH 2005 World Soybean Meal Exports 2004 Source: USDA

16. © LaSoy GmbH 2005 Vegetable Oil consumption 2004 Source: USDA

17. © LaSoy GmbH 2005 3 ways of making soya meal for animal feed

18. © LaSoy GmbH 2005 Price implications An increasing demand for non-gm soya (mainly in Europe) – also for use in animal feed – will lead to new investments in alternative soya processing. Availability of non-gm products will slowly increase Driving force will not be legislation, but a premium for non-gm products.