WASDE Sept 2019 - World Soybean Oil Supply and Use

WASDE Sept 2019 - World Soybean Oil Supply and Use

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WASDE - 592 - 30 September 2019

World Soybean Oil Supply and Use 1/
(Million Metric Tons)
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Supply Use
Stocks tion Imports Domestic Exports Stocks
Region Beginning Produc- Total Exports Ending
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2017/18
World 2/ 3.79 55.18 9.79 54.71 10.50 3.56
World Less China 3.12 39.06 9.31 38.21 10.29 2.99
United States 0.78 10.78 0.15 9.70 1.11 0.91
Total Foreign 3.01 44.40 9.64 45.01 9.40 2.65
Major Exporters 3/ 0.74 19.35 0.33 12.28 7.25 0.89
Argentina 0.28 7.24 0.00 3.08 4.13 0.31
Brazil 0.29 8.54 0.05 6.94 1.51 0.42
European Union 0.16 2.84 0.28 2.23 0.90 0.16
Major Importers 4/ 1.37 18.44 5.86 24.48 0.27 0.91
China 0.67 16.13 0.48 16.50 0.21 0.57
India 0.48 1.39 2.98 4.72 0.01 0.12
North Africa 5/ 0.13 0.70 1.53 2.18 0.06 0.13

2018/19 Est.
World 2/ 3.56 56.03 10.91 55.42 11.29 3.78
World Less China 2.99 40.80 10.16 39.56 11.11 3.27
United States 0.91 10.99 0.18 10.37 0.93 0.78
Total Foreign 2.65 45.04 10.73 45.06 10.36 3.00
Major Exporters 3/ 0.89 20.11 0.43 12.26 8.06 1.11
Argentina 0.31 8.06 0.00 2.69 5.35 0.33
Brazil 0.42 8.21 0.05 7.16 1.13 0.40
European Union 0.16 3.10 0.38 2.38 0.88 0.38
Major Importers 4/ 0.91 18.01 6.72 24.34 0.27 1.03
China 0.57 15.23 0.75 15.87 0.18 0.51
India 0.12 1.76 3.30 4.95 0.01 0.23
North Africa 5/ 0.13 0.73 1.63 2.28 0.08 0.13

2019/20 Proj.
World 2/
Aug 3.78 57.41 11.68 57.25 11.90 3.72
Sep 3.78 57.25 11.61 57.11 11.85 3.68
World Less China
Aug 3.27 42.18 10.58 41.03 11.78 3.22
Sep 3.27 42.02 10.51 40.90 11.73 3.18
United States
Aug 0.79 11.13 0.20 10.66 0.78 0.68
Sep 0.78 11.13 0.20 10.66 0.78 0.67
Total Foreign
Aug 2.99 46.28 11.48 46.59 11.12 3.04
Sep 3.00 46.13 11.41 46.45 11.07 3.01
Major Exporters 3/
Aug 1.15 20.87 0.38 12.43 8.82 1.15
Sep 1.11 20.86 0.41 12.48 8.77 1.13
Argentina
Aug 0.33 8.70 0.00 2.84 5.85 0.34
Sep 0.33 8.70 0.00 2.84 5.85 0.34
Brazil
Aug 0.40 8.39 0.05 7.20 1.25 0.39
Sep 0.40 8.39 0.05 7.20 1.25 0.39
European Union
Aug 0.41 3.04 0.33 2.36 1.00 0.42
Sep 0.38 3.02 0.35 2.41 0.95 0.39
Major Importers 4/
Aug 0.98 18.00 7.31 25.06 0.21 1.02
Sep 1.03 18.04 7.31 25.14 0.21 1.02
China
Aug 0.51 15.23 1.10 16.21 0.13 0.50
Sep 0.51 15.23 1.10 16.21 0.13 0.50
India
Aug 0.18 1.71 3.50 5.15 0.01 0.23
Sep 0.23 1.75 3.50 5.24 0.01 0.23
North Africa 5/
Aug 0.13 0.73 1.66 2.32 0.08 0.12
Sep 0.13 0.73 1.66 2.32 0.08 0.12
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