FAPRI 2010 U.S. AND WORLD AGRICULTURAL OUTLOOK January 2010 FAPRI Staff Report 10-FSR 1 ISSN 1534-4533 Food and Agricultural Policy Research Institute Iowa State University University of Missouri-Columbia Ames, Iowa U.S.A. Iowa State University Miguel Carriquiry Fengxia Dong Xiaodong Du Amani Elobeid Jacinto Fabiosa Chad Hart Dermot J. Hayes Karen Kovarik Kranti Mulik Eric Wailes (University of Arkansas) Ed Chavez (University of Arkansas) Marcelo Moreira (Institute for International Trade Negotiations, Brazil) University of Missouri-Columbia Julian Binfield D. Scott Brown Scott Gerlt Daniel Madison Seth Meyer William H. Meyers Wyatt Thompson Patrick Westhoff Lori Wilcox Abner W. Womack Published by the Food and Agricultural Policy Research Institute, Iowa State University and the University of Missouri-Columbia, 2010. Material in this publication is based upon work supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture, under Agreement No. 2009-34149-19802. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the authors and do not necessarily reflect the view of the U.S. Department of Agriculture. Permission is granted to reproduce this information with appropriate attribution to the authors and the Food and Agricultural Policy Research Institute. Iowa State University does not discriminate on the basis of race, color, age, religion, national origin, sexual orientation, gender identity, sex, marital status, disability, or status as a U.S. Veteran. Inquiries can be directed to the Director of Equal Opportunity and Diversity, 3680 Beardshear Hall, 515-294-7612. Contents Figures List............................................................................................................................ iv Tables List ............................................................................................................................. vi Abbreviations and Acronyms ................................................................................................xv Marketing Year Definitions ..................................................................................................xvi Executive Summary ............................................................................................................... 1 Overview of the 2010 U.S. and World Outlook ..................................................................... 3 Charts and Price Projections .................................................................................................15 Baseline Assumptions ...........................................................................................................51 World Macroeconomic Assumptions ................................................................................52 U.S. Program Provisions ...................................................................................................58 World Agricultural Policy Assumptions ...........................................................................60 U.S. Crops .............................................................................................................................71 U.S. Wheat ........................................................................................................................72 U.S. Rice ...........................................................................................................................74 U.S. Corn ..........................................................................................................................78 U.S. Ethanol and Biofuel Policy Provisions .....................................................................80 U.S. Corn Products ...........................................................................................................82 U.S. Corn Processing ........................................................................................................84 U.S. Sorghum ....................................................................................................................86 U.S. Barley ........................................................................................................................88 U.S. Oats ...........................................................................................................................90 U.S. Hay ............................................................................................................................92 U.S. Soybeans and Soybean Products ..............................................................................94 U.S. Biodiesel ...................................................................................................................98 U.S. Sunflower Seed and Sunflower Seed Products .......................................................100 U.S. Canola Seed and Canola Seed Products .................................................................104 U.S. Peanuts and Peanut Products ..................................................................................107 U.S. Upland Cotton and Cottonseed Products ................................................................ 110 U.S. Sugar ....................................................................................................................... 114 U.S. Livestock and Dairy .................................................................................................... 117 U.S. Beef ......................................................................................................................... 118 U.S. Pork .........................................................................................................................120 U.S. Poultry.....................................................................................................................122 U.S. Dairy .......................................................................................................................126 U.S. State-Level Dairy Supply .......................................................................................128 U.S. Dairy Products ........................................................................................................132 U.S. Aggregate Measures ....................................................................................................135 U.S. Land Use .................................................................................................................136 U.S. Food Prices and Expenditures ................................................................................138 U.S. Government Costs ..................................................................................................140 iv U.S. Cash Receipts from Farm Marketings ....................................................................142 U.S. Farm Production Expenses .....................................................................................144 U.S. Prices Paid by Farmers ...........................................................................................146 U.S. Net Farm Income ....................................................................................................148 U.S. Crop Insurance ........................................................................................................150 World Wheat........................................................................................................................153 World Rice...........................................................................................................................167 World Coarse Grains ...........................................................................................................185 World Oilseeds and Products ..............................................................................................223 World Soybeans and Soybean Products ..........................................................................224 World Rapeseed and Rapeseed Products ........................................................................242 World Sunflower Seed and Sunflower Seed Products ....................................................256 World Palm Oil and Palm Kernel Products ....................................................................268 World Peanuts and Peanut Products ...............................................................................276 World Cotton .......................................................................................................................289 World Sugar.........................................................................................................................301 World Biofuels ....................................................................................................................321 World Ethanol .................................................................................................................322 World Biodiesel ..............................................................................................................323 World Meat ..........................................................................................................................329 World Beef and Veal .......................................................................................................330 World Pork ......................................................................................................................332 World Poultry ..................................................................................................................334 World Dairy Products ..........................................................................................................365 World Butter and Cheese ................................................................................................366 World Milk Powder.........................................................................................................369 Figures Average Annual GDP Growth, 2009-2019............................................................................16 Average Annual Exchange Rate Growth, 2009-2019 ...........................................................16 U.S. Biofuel Use Mandates ...................................................................................................17 U.S. Conservation Reserve Program Area ............................................................................17 U.S. Crop Planted Area .........................................................................................................18 U.S. Crop Exports .................................................................................................................18 v U.S. Crop Prices ....................................................................................................................19 U.S. Feed and Residual Disappearance.................................................................................19 U.S. Biofuel Production ........................................................................................................20 U.S. Farm-Level Prices Paid Indices ....................................................................................20 U.S. Cattle and Barrow and Gilt Prices.................................................................................21 U.S. Poultry Wholesale Prices ..............................................................................................21 U.S. Livestock Production ....................................................................................................22 U.S. Meat Net Exports ..........................................................................................................22 U.S. Milk Production ............................................................................................................23 U.S. Milk Prices ....................................................................................................................23 U.S. Land Use .......................................................................................................................24 Mandatory U.S. Government Outlays, Fiscal Year ...............................................................24 U.S. Farm Income .................................................................................................................25 U.S. Consumer Price Index for Food ....................................................................................25 World Wheat Stocks-to-Use Ratio Versus Price ...................................................................26 World Wheat Net Trade and U.S. Market Share ...................................................................26 World Rice Stocks-to-Use Ratio Versus Price ......................................................................27 World Rice Net Exports .......................................................................................................27 World Coarse Grain Supply and Utilization .........................................................................28 World Corn Stocks-to-Use Ratio Versus Price ......................................................................28 World Corn Net Trade and U.S. Market Share .....................................................................29 World Barley and Sorghum Net Trade and Prices ................................................................29 World Soybean Area Harvested and Price ............................................................................30 World Soybean Net Trade .....................................................................................................30 World Soybean Crush ...........................................................................................................31 World Soybean Meal Net Trade ...........................................................................................31 World Soybean Oil Net Trade ...............................................................................................32 Soybean Oil Per Capita Consumption in Selected Countries ...............................................32 World Rapeseed Area Harvested and Price ...........................................................................33 World Rapeseed Net Trade ....................................................................................................33 World Rapeseed Meal Net Trade ..........................................................................................34 World Rapeseed Oil Net Trade..............................................................................................34 World Sunflower Area Harvested and Price ..........................................................................35 World Sunflower Net Trade...................................................................................................35 World Sunflower Meal Net Trade .........................................................................................36 World Sunflower Oil Net Trade ............................................................................................36 World Palm Oil Net Trade and Price .....................................................................................37 vi World Peanut Area Harvested and Price ...............................................................................37 World Cotton Consumption ..................................................................................................38 World Cotton Stocks-to-Use Ratio Versus Price ...................................................................38 Major Sugar Net Exporters and World Raw Sugar Price ......................................................39 Major Sugar Net Importers ...................................................................................................39 World Ethanol Price and Net Trade.......................................................................................40 World Biodiesel Price and Net Trade ....................................................................................40 World Meat Production and Trade ........................................................................................41 Per Capita Meat Consumption .............................................................................................41 Major Beef Importing Countries ..........................................................................................42 Beef Export Market Share ....................................................................................................42 Major Pork Importing Countries ...........................................................................................43 Pork Export Market Share .....................................................................................................43 Major Broiler Importing Countries .......................................................................................44 Broiler Export Market Share .................................................................................................44 Butter Net Exports for Selected Countries ...........................................................................45 Cheese Net Exports for Selected Countries ..........................................................................45 NFD Trade for Selected Countries .......................................................................................46 WMP Trade for Selected Countries.......................................................................................46 Tables Commodity Price Projections ...............................................................................................47 Real GDP Growth Projections ..............................................................................................53 GDP Deflator Growth Projections.........................................................................................54 Exchange Rate Growth Projections ......................................................................................55 Population Growth Projections .............................................................................................56 U.S. Program Provisions .......................................................................................................59 Agricultural Policy Assumptions for Crops ..........................................................................61 Agricultural Policy Assumptions for Biofuels ......................................................................65 Agricultural Policy Assumptions for Livestock and Dairy Products ....................................66 Other Agricultural Policy Assumptions ................................................................................70 U.S. Wheat Supply and Utilization .......................................................................................73 U.S. Rice Supply and Utilization ..........................................................................................75 U.S. Long-Grain Rice Supply and Utilization ......................................................................76 U.S. Medium- and Short-Grain Rice Supply and Utilization ...............................................77 U.S. Corn Supply and Utilization .........................................................................................79 U.S. Ethanol Supply and Utilization .....................................................................................81 U.S. Biofuel Policy Provisions..............................................................................................81 U.S. Corn Products Supply and Utilization ..........................................................................83 vii U.S. Corn Processing ............................................................................................................85 U.S. Sorghum Supply and Utilization ...................................................................................87 U.S. Barley Supply and Utilization .......................................................................................89 U.S. Oat Supply and Utilization ............................................................................................91 U.S. Hay Supply and Utilization ...........................................................................................93 U.S. Soybean Supply and Utilization ....................................................................................95 U.S. Soybean Meal Supply and Utilization ..........................................................................96 U.S. Soybean Oil Supply and Utilization..............................................................................97 U.S. Biodiesel Sector ............................................................................................................99 U.S. Vegetable Oil Consumption ..........................................................................................99 U.S. Sunflower Seed Supply and Utilization ......................................................................101 U.S. Sunflower Meal Supply and Utilization ......................................................................102 U.S. Sunflower Oil Supply and Utilization .........................................................................103 U.S. Canola Seed Supply and Utilization ...........................................................................105 U.S. Canola Meal Supply and Utilization ...........................................................................106 U.S. Canola Oil Supply and Utilization ..............................................................................106 U.S. Peanut Supply and Utilization.....................................................................................108 U.S. Peanut Meal Supply and Utilization ...........................................................................109 U.S. Peanut Oil Supply and Utilization ..............................................................................109 U.S. Upland Cotton Supply and Utilization ........................................................................ 111 U.S. Cottonseed Supply and Utilization ............................................................................. 112 U.S. Cottonseed Meal Supply and Utilization .................................................................... 113 U.S. Cottonseed Oil Supply and Utilization ....................................................................... 113 U.S. Sugar Crop Production ................................................................................................ 115 U.S. Sugar Supply and Utilization ...................................................................................... 115 U.S. Beef Supply and Utilization ........................................................................................ 119 U.S. Pork Supply and Utilization ........................................................................................121 U.S. Broiler Supply and Utilization ....................................................................................123 U.S. Turkey Supply and Utilization ....................................................................................124 U.S. Egg Supply and Utilization .........................................................................................125 U.S. Milk Component Supply and Utilization ....................................................................127 U.S. Dairy Cows by State ...................................................................................................129 U.S. Milk Production by State ............................................................................................130 U.S. All-Milk Prices by State ..............................................................................................131 U.S. Dairy Product Supply and Utilization .........................................................................133 U.S. Land Use for Major Crops ..........................................................................................137 U.S. Consumer Price Indexes for Food ...............................................................................139 U.S. Per Capita Consumer Expenditures for Food .............................................................139 U.S. Net Government Outlays ............................................................................................141 U.S. Cash Receipts from Farming.......................................................................................143 U.S. Farm Production Expenses..........................................................................................145 U.S. Indices of Prices Paid by Farmers ...............................................................................147 U.S. Indices of Prices Paid by Farmers (percent change) ...................................................147 U.S. Farm Income Statistics ................................................................................................149 U.S. Crop Insurance ............................................................................................................151 viii Wheat Trade ........................................................................................................................155 World Wheat Supply and Utilization ..................................................................................156 U.S. Wheat Supply and Utilization .....................................................................................156 Algerian Wheat Supply and Utilization ..............................................................................157 Argentine Wheat Supply and Utilization ............................................................................157 Australian Wheat Supply and Utilization............................................................................157 Brazilian Wheat Supply and Utilization..............................................................................158 Canadian Wheat Supply and Utilization ............................................................................158 Chinese Wheat Supply and Utilization ...............................................................................159 Egyptian Wheat Supply and Utilization .............................................................................159 European Union Wheat Supply and Utilization .................................................................159 Indian Wheat Supply and Utilization .................................................................................160 Iranian Wheat Supply and Utilization ................................................................................160 Japanese Wheat Supply and Utilization .............................................................................160 Mexican Wheat Supply and Utilization .............................................................................161 Moroccan Wheat Supply and Utilization ...........................................................................161 Other African/Middle Eastern Wheat Supply and Utilization ...........................................161 Other Asian Wheat Supply and Utilization ........................................................................162 Other CIS Wheat Supply and Utilization ............................................................................162 Other Eastern European Wheat Supply and Utilization .....................................................162 Other Latin American Wheat Supply and Utilization ........................................................163 Pakistani Wheat Supply and Utilization .............................................................................163 Russian Wheat Supply and Utilization ...............................................................................163 South Korean Wheat Supply and Utilization .....................................................................164 Taiwanese Wheat Supply and Utilization ..........................................................................164 Tunisian Wheat Supply and Utilization .............................................................................164 Ukrainian Wheat Supply and Utilization ............................................................................165 Rest-of-World Wheat Supply and Utilization ....................................................................165 Per Capita Wheat Consumption of Selected Countries .......................................................166 Rice Trade ...........................................................................................................................169 World Rice Supply and Utilization ....................................................................................170 U.S. Rice Supply and Utilization .......................................................................................170 Argentine Rice Supply and Utilization ..............................................................................171 Australian Rice Supply and Utilization ..............................................................................171 Bangladeshi Rice Supply and Utilization ..........................................................................171 Brazilian Rice Supply and Utilization ................................................................................172 Cambodian Rice Supply and Utilization .............................................................................172 Cameroonian Rice Supply and Utilization ..........................................................................172 Canadian Rice Supply and Utilization ...............................................................................173 Chinese Rice Supply and Utilization ..................................................................................173 Cote d’Ivoire Rice Supply and Utilization .........................................................................173 Egyptian Rice Supply and Utilization ................................................................................174 European Union Rice Supply and Utilization ....................................................................174 Ghanaian Rice Supply and Utilization ................................................................................174 Guinean Rice Supply and Utilization ..................................................................................175 ix Chinese - Hong Kong Rice Supply and Utilization ...........................................................175 Indian Rice Supply and Utilization ....................................................................................175 Indonesian Rice Supply and Utilization .............................................................................176 Iranian Rice Supply and Utilization ...................................................................................176 Iraqi Rice Supply and Utilization .......................................................................................176 Japanese Rice Supply and Utilization ................................................................................177 Kenyan Rice Supply and Utilization ...................................................................................177 Malaysian Rice Supply and Utilization ..............................................................................177 Malian Rice and Supply and Utilization .............................................................................178 Mexican Rice Supply and Utilization ................................................................................178 Mozambican Rice Supply and Utilization ..........................................................................178 Myanmarian Rice Supply and Utilization ..........................................................................179 Nigerian Rice Supply and Utilization ................................................................................179 Pakistani Rice Supply and Utilization ................................................................................179 Philippine Rice Supply and Utilization ..............................................................................180 Saudi Arabian Rice Supply and Utilization .......................................................................180 Senegalese Rice and Supply and Utilization .......................................................................180 Sierra Leonean Rice and Supply and Utilization ................................................................181 South African Rice Supply and Utilization ........................................................................181 South Korean Rice Supply and Utilization ........................................................................181 Taiwanese Rice Supply and Utilization .............................................................................182 Tanzanian Rice Supply and Utilization ...............................................................................182 Thai Rice Supply and Utilization .......................................................................................182 Turkish Rice Supply and Utilization ..................................................................................183 Uruguayan Rice Supply and Utilization ............................................................................183 Vietnamese Rice Supply and Utilization ............................................................................183 Rest-of-World Rice Supply and Utilization .......................................................................184 Per Capita Rice Consumption of Selected Countries ..........................................................184 Corn Trade ...........................................................................................................................187 Barley Trade ........................................................................................................................188 Sorghum Trade ....................................................................................................................189 World Corn Supply and Utilization .....................................................................................190 World Barley Supply and Utilization ..................................................................................190 World Sorghum Supply and Utilization ..............................................................................191 U.S. Coarse Grain Supply and Utilization ..........................................................................192 Algerian Coarse Grain Supply and Utilization ...................................................................194 Argentine Coarse Grain Supply and Utilization .................................................................195 Australian Coarse Grain Supply and Utilization .................................................................196 Brazilian Coarse Grain Supply and Utilization ...................................................................197 Canadian Coarse Grain Supply and Utilization ..................................................................198 Chinese Coarse Grain Supply and Utilization ....................................................................199 Egyptian Coarse Grain Supply and Utilization ...................................................................199 European Union Coarse Grain Supply and Utilization .......................................................200 Indian Coarse Grain Supply and Utilization .......................................................................201 Indonesian Coarse Grain Supply and Utilization ................................................................201 Israeli Coarse Grain Supply and Utilization .......................................................................202 x Japanese Coarse Grain Supply and Utilization ...................................................................203 Malaysian Coarse Grain Supply and Utilization .................................................................203 Mexican Coarse Grain Supply and Utilization ...................................................................204 Nigerian Coarse Grain Supply and Utilization ...................................................................205 Other African Coarse Grain Supply and Utilization ...........................................................205 Other Asian Coarse Grain Supply and Utilization ..............................................................206 Other Eastern European Coarse Grain Supply and Utilization ...........................................207 Other CIS Coarse Grain Supply and Utilization .................................................................208 Other Latin American Coarse Grain Supply and Utilization ..............................................209 Other Middle Eastern Coarse Grain Supply and Utilization ...............................................210 Pakistani Coarse Grain Supply and Utilization ................................................................... 211 Philippine Coarse Grain Supply and Utilization .................................................................212 Russian Coarse Grain Supply and Utilization .....................................................................212 Saudi Arabian Coarse Grain Supply and Utilization...........................................................213 South African Coarse Grain Supply and Utilization ...........................................................214 South Korean Coarse Grain Supply and Utilization ...........................................................215 Taiwanese Coarse Grain Supply and Utilization.................................................................215 Thai Coarse Grain Supply and Utilization ..........................................................................216 Ukrainian Coarse Grain Supply and Utilization .................................................................216 Vietnamese Coarse Grain Supply and Utilization ...............................................................217 Rest-of-World Coarse Grain Supply and Utilization ..........................................................218 Per Capita Grain Consumption of Selected Countries .......................................................219 Soybean Trade .....................................................................................................................225 Soybean Meal Trade ............................................................................................................226 Soybean Oil Trade ...............................................................................................................226 World Soybean Sector Supply and Utilization ....................................................................227 U.S. Soybean Sector Supply and Utilization ......................................................................228 Argentine Soybean Sector Supply and Utilization ..............................................................229 Brazilian Soybean Sector Supply and Utilization ...............................................................230 Canadian Soybean Sector Supply and Utilization ..............................................................231 Chinese Soybean Sector Supply and Utilization .................................................................232 European Union Soybean Sector Supply and Utilization ...................................................233 Indian Soybean Sector Supply and Utilization ...................................................................234 Japanese Soybean Sector Supply and Utilization ...............................................................235 Mexican Soybean Sector Supply and Utilization................................................................236 Other CIS Soybean Sector Supply and Utilization .............................................................237 Paraguyan Soybean Sector Supply and Utilization .............................................................238 South Korean Soybean Sector Supply and Utilization .......................................................239 Taiwanese Soybean Sector Supply and Utilization .............................................................240 Rest-of-World Soybean Sector Supply and Utilization.......................................................241 Rapeseed Trade ...................................................................................................................243 Rapeseed Meal Trade ..........................................................................................................243 Rapeseed Oil Trade .............................................................................................................244 World Rapeseed Sector Supply and Utilization ..................................................................245 U.S. Canola Sector Supply and Utilization .........................................................................246 xi Australian Rapeseed Sector Supply and Utilization ...........................................................247 Canadian Canola Sector Supply and Utilization .................................................................248 Chinese Rapeseed Sector Supply and Utilization ...............................................................249 European Union Rapeseed Sector Supply and Utilization ..................................................250 Indian Rapeseed Sector Supply and Utilization ..................................................................251 Japanese Rapeseed Sector Supply and Utilization ..............................................................252 Other CIS Rapeseed Sector Supply and Utilization ............................................................253 Ukrainian Rapeseed Sector Supply and Utilization ............................................................254 Rest-of-World Rapeseed Sector Supply and Utilization .....................................................255 Sunflower Seed Trade .........................................................................................................257 Sunflower Meal Trade .........................................................................................................257 Sunflower Oil Trade ............................................................................................................258 World Sunflower Sector Supply and Utilization .................................................................259 U.S. Sunflower Sector Supply and Utilization ....................................................................260 Argentine Sunflower Sector Supply and Utilization ...........................................................261 Chinese Sunflower Sector Supply and Utilization ..............................................................262 European Union-25 Sunflower Sector Supply and Utilization ...........................................263 Other CIS Sunflower Sector Supply and Utilization...........................................................264 Ukrainian Sunflower Sector Supply and Utilization ...........................................................265 Rest-of-World Sunflower Sector Supply and Utilization ....................................................266 Palm Sector Trade ...............................................................................................................269 World Palm Sector Supply and Utilization .........................................................................270 Chinese Palm Sector Supply and Utilization ......................................................................271 European Union Palm Sector Supply and Utilization .........................................................271 Indian Palm Sector Supply and Utilization .........................................................................272 Indonesian Palm Sector Supply and Utilization..................................................................272 Malaysian Palm Sector Supply and Utilization ..................................................................273 Rest-of-World Palm Sector Supply and Utilization ............................................................274 Peanut Sector Trade.............................................................................................................277 World Peanut Sector Supply and Utilization.......................................................................278 U.S. Peanut Sector Supply and Utilization .........................................................................279 Argentine Peanut Sector Supply and Utilization.................................................................280 Chinese Peanut Sector Supply and Utilization....................................................................281 European Union Peanut Sector Supply and Utilization ......................................................282 Indian Peanut Sector Supply and Utilization ......................................................................283 Canadian Peanut Sector Supply and Utilization .................................................................284 Mexican Peanut Sector Supply and Utilization ..................................................................284 Rest-of-World Peanut Sector Supply and Utilization .........................................................285 Per Capita Vegetable Oil Consumption of Selected Countries ..........................................286 Cotton Trade ........................................................................................................................291 World Cotton Supply and Utilization ..................................................................................292 U.S. Cotton Supply and Utilization.....................................................................................292 African Cotton Supply and Utilization ...............................................................................292 xii Argentine Cotton Supply and Utilization ............................................................................293 Australian Cotton Supply and Utilization ...........................................................................293 Brazilian Cotton Supply and Utilization .............................................................................293 Canadian Cotton Supply and Utilization.............................................................................294 Chinese Cotton Supply and Utilization ...............................................................................294 European Union Cotton Supply and Utilization .................................................................294 Indian Cotton Supply and Utilization .................................................................................295 Indonesian Cotton Supply and Utilization ..........................................................................295 Japanese Cotton Supply and Utilization .............................................................................295 Kazakhstan Cotton Supply and Utilization .........................................................................296 Mexican Cotton Supply and Utilization ..............................................................................296 Other Asian Cotton Supply and Utilization ........................................................................296 Other European Cotton Supply and Utilization ..................................................................297 Other CIS Cotton Supply and Utilization ...........................................................................297 Other Latin American Cotton Supply and Utilization.........................................................297 Other Middle Eastern Cotton Supply and Utilization .........................................................298 Pakistani Cotton Supply and Utilization .............................................................................298 Russian Cotton Supply and Utilization ...............................................................................298 South Korean Cotton Supply and Utilization......................................................................299 Taiwanese Cotton Supply and Utilization ...........................................................................299 Turkish Cotton Supply and Utilization ...............................................................................300 Uzbek Cotton Supply and Utilization .................................................................................300 Sugar Trade .........................................................................................................................303 World Sugar Supply and Utilization ...................................................................................304 U.S. Sugar Supply and Utilization ......................................................................................305 Algerian Sugar Supply and Utilization ...............................................................................306 Argentine Sugar Supply and Utilization .............................................................................306 Australian Sugar Supply and Utilization.............................................................................307 Brazilian Sugar Supply and Utilization...............................................................................307 Canadian Sugar Supply and Utilization ..............................................................................308 Chinese Sugar Supply and Utilization ................................................................................308 Colombian Sugar Supply and Utilization ...........................................................................309 Cuban Sugar Supply and Utilization ...................................................................................309 Egyptian Sugar Supply and Utilization ...............................................................................310 European Union Sugar Supply and Utilization ...................................................................310 Guatemalan Sugar Supply and Utilization ......................................................................... 311 Indian Sugar Supply and Utilization ................................................................................... 311 Indonesian Sugar Supply and Utilization ............................................................................312 Iranian Sugar Supply and Utilization ..................................................................................312 Japanese Sugar Supply and Utilization ...............................................................................313 Malaysian Sugar Supply and Utilization.............................................................................313 Mexican Sugar Supply and Utilization ...............................................................................314 Moroccan Sugar Supply and Utilization .............................................................................314 Pakistani Sugar Supply and Utilization...............................................................................315 Peruvian Sugar Supply and Utilization ...............................................................................315 xiii Philippine Sugar Supply and Utilization .............................................................................316 Russian and Ukrainian Sugar Supply and Utilization .........................................................316 South African Sugar Supply and Utilization .......................................................................317 South Korean Sugar Supply and Utilization .......................................................................317 Thai Sugar Supply and Utilization ......................................................................................318 Turkish Sugar Supply and Utilization .................................................................................318 Ukrainian Sugar Supply and Utilization .............................................................................319 Venezuelan Sugar Supply and Utilization ...........................................................................319 Per Capita Sugar Consumption of Selected Countries ........................................................320 Ethanol Trade ......................................................................................................................324 Biodiesel Trade....................................................................................................................324 U.S. Biofuels Production and Consumption .......................................................................325 Argentine Biofuels Production and Consumption ..............................................................325 Brazilian Biofuels Production and Consumption ................................................................325 Canadian Biofuels Production and Consumption ...............................................................326 Chinese Biofuels Production and Consumption .................................................................326 European Union Biofuels Production and Consumption ....................................................326 Indian Biofuels Production and Consumption ....................................................................326 Indonesian Biofuels Production and Consumption .............................................................327 Japanese Biofuels Production and Consumption ................................................................327 South Korean Biofuels Production and Consumption ........................................................327 Malaysian Biofuels Production and Consumption ..............................................................327 Rest-of-World Biofuels Production and Consumption .......................................................327 Beef and Veal Trade ............................................................................................................331 Pork Trade ...........................................................................................................................333 Broiler Meat Trade ..............................................................................................................335 U.S. Meat Supply and Utilization .......................................................................................336 Argentine Meat Supply and Utilization ..............................................................................337 Australian Meat Supply and Utilization ..............................................................................338 Brazilian Meat Supply and Utilization ................................................................................339 Canadian Meat Supply and Utilization ...............................................................................340 Chinese - Mainland Meat Supply and Utilization ...............................................................341 Chinese - Hong Kong Meat Supply and Utilization ...........................................................342 Egyptian Meat Supply and Utilization ................................................................................343 European Union Meat Supply and Utilization ....................................................................344 Indian Meat Supply and Utilization ....................................................................................345 Indonesian Meat Supply and Utilization .............................................................................346 Japanese Meat Supply and Utilization ................................................................................347 Mexican Meat Supply and Utilization ................................................................................348 New Zealand Meat Supply and Utilization .........................................................................349 Other CIS Meat Supply and Utilization ..............................................................................350 Other Eastern European Meat Supply and Utilization ........................................................351 Paraguayan Meat Supply and Utilization ............................................................................352 Philippine Meat Supply and Utilization ..............................................................................353 xiv Russian Meat Supply and Utilization ..................................................................................354 Saudi Arabian Meat Supply and Utilization........................................................................355 South African Meat Supply and Utilization ........................................................................355 South Korean Meat Supply and Utilization ........................................................................356 Taiwanese Meat Supply and Utilization..............................................................................357 Thai Meat Supply and Utilization .......................................................................................358 Ukrainian Meat Supply and Utilization ..............................................................................359 Vietnamese Meat Supply and Utilization ............................................................................360 Rest-of-World Meat Supply and Utilization .......................................................................361 Per Capita Meat Consumption of Selected Countries .........................................................362 Butter Trade .........................................................................................................................367 Cheese Trade .......................................................................................................................368 Nonfat Dry Milk Trade........................................................................................................370 Whole Milk Powder Trade ..................................................................................................371 U.S. Dairy Supply and Utilization ......................................................................................372 Algerian Dairy Supply and Utilization ...............................................................................373 Argentine Dairy Supply and Utilization..............................................................................374 Australian Dairy Supply and Utilization .............................................................................375 Brazilian Dairy Supply and Utilization ...............................................................................376 Canadian Dairy Supply and Utilization ..............................................................................377 Chinese Dairy Supply and Utilization.................................................................................378 Colombian Dairy Supply and Utilization ............................................................................379 Egyptian Dairy Supply and Utilization ...............................................................................380 European Union Dairy Supply and Utilization ...................................................................381 Indian Dairy Supply and Utilization ...................................................................................382 Indonesian Dairy Supply and Utilization ............................................................................383 Japanese Dairy Supply and Utilization ...............................................................................384 Malaysian Dairy Supply and Utilization .............................................................................385 Mexican Dairy Supply and Utilization ...............................................................................386 New Zealand Dairy Supply and Utilization ........................................................................387 Peruvian Dairy Supply and Utilization ...............................................................................388 Philippine Dairy Supply and Utilization .............................................................................389 Russian Dairy Supply and Utilization .................................................................................390 Saudi Arabian Dairy Supply and Utilization .......................................................................391 South Korean Dairy Supply and Utilization .......................................................................392 Swiss Dairy Supply and Utilization ....................................................................................393 Thai Dairy Supply and Utilization ......................................................................................394 Ukrainian Dairy Supply and Utilization .............................................................................395 Uruguayan Dairy Supply and Utilization ............................................................................396 Venezuelan Diary Supply and Utilization ...........................................................................397 Vietnamese Dairy Supply and Utilization ..........................................................................398 Per Capita Dairy Consumption of Selected Countries ........................................................399 xv Abbreviations and Acronyms This list of abbreviations and acronyms used in the Agricultural Outlook is provided for the convenience of our readers. Commonly used abbreviations and acronyms typically are not spelled out in the text. a ACRE AI AWP BSE bu CAP CBO CCC CCPs CIF CIS CMO COOL CPI CRP cwt DDG DDGS DPs EISA EPA EU EU-15 EU NMS FAPRI FCEA acre Average Crop Revenue Election avian influenza adjusted world price bovine spongiform encephalopathy bushel Common Agricultural Policy Congressional Budget Office Commodity Credit Corporation countercyclical payments cost, insurance, and freight Commonwealth of Independent States Common Market Organization Country of Original Labeling Consumer Price Index Conservation Reserve Program hundredweight distillers dried grains distillers dried grains with solubles direct payments Energy Independence and Security Act of 2007 U.S. Environmental Protection Agency 27 member states of the European Union 15 member states of the European Union, prior to 2004 enlargement 12 European Union New Member States, after 2004 and 2007 enlargement Food and Agricultural Policy Research Institute Food, Conservation, and Energy Act of 2008 (2008 farm bill) FE FFV FMD FOB FY GDP GMO ha HFCS kg LDPs mha MILC mmt mt NAFTA NE NFD NFI OECD RFS2 RINs ROW SFP SPS SURE tmt TRQ USDA WMP WTO Far East flex-fuel vehicle foot-and-mouth disease free on board fiscal year gross domestic product genetically modified organism hectare high-fructose corn syrup kilogram loan deficiency payments million hectares Milk Income Loss Contract million metric tons metric ton North American Free Trade Agreement Northern Europe nonfat dry (milk) net farm income Organization for Economic Cooperation and Development Renewable Fuel Standard under EISA Renewable Identification Numbers Rest-of-World Single Farm Payment (CAP reform) sanitary and phytosanitary Supplemental Revenue Assistance Payments program thousand metric tons tariff rate quota U.S. Department of Agriculture whole milk powder World Trade Organization xvi Data Notes Data Sources Most U.S. commodity supply and use information is obtained from USDA reports issued by the Economic Research Service, the World Agricultural Outlook Board, the Farm Service Agency, and the National Agricultural Statistics Service. This information is supplemented with information from a number of other public and private sources, including the Energy Information Administration, state governments, and trade groups. The international models use the USDA PSD database as the primary source of supply and utilization data. This is then supplemented with the FAO database and other specialized data sources when needed. For example, major sources for the Brazil module include the Brazilian Institute for Geography and Statistics (IBGE); National Company of Food Supply (CONAB); Brazilian Agricultural Research Corporation (Embrapa); Ministry of Development, Industry and Trade (MDIC); Sugarcane Industry Association (UNICA); National Agency of Petroleum, Natural Gas, and Biofuels (ANP); and the Center for Advanced Studies and Applied Economics (CEPEA). Macroeconomic variables are from the International Financial Statistics database, which is extended using IHS Global Insight projections. Population data and projections are from the U.S. Bureau of the Census International Database. Policies relating to domestic support, border protection, and export subsidies are from the World Trade Organization database. Costs and prices are from various sources, including government as well as industry publications. U.S. Marketing Year Definitions for Specified Commodities Barley: June 1 to May 31. Corn for Grain: September 1 to August 31. Cotton: August 1 to July 31. Oats: June 1 to May 31. Peanuts: August 1 to July 31. Rice: August 1 to July 31. Sorghum for Grain: September 1 to August 31. Soybeans: September 1 to August 31. Sugar: October 1 to September 30. Sunflower: September 1 to August 31. Wheat: June 1 to May 31. Livestock, dairy complex and international ethanol: years are calendar years. Government outlays are on a fiscal-year basis (Oct. 1—Sept. 30, with the second year being the one used as an identifier—for example, FY 2007 = Oct. 1, 2006–Sept. 30, 2007). Farm income data are on a calendar-year basis. International Marketing Year Definitions for Specified Commodities Grains, rice, oilseeds, and cotton: USDA-FAS PS&D data are used, which are in local marketing years. Local marketing years differ by country and by commodity. The first year listed is the beginning year of a country’s local marketing year for that commodity (for example, 1990/91 represents local marketing year starting in 1990 and ending in 1991), except in the case of southern hemisphere countries, which use the second year to denote the beginning of the local marketing year. Sugar: the year listed is the last year of the countries’ local marketing year (for example, 1990 represents 1989/90). Livestock and dairy complex: years are calendar years. Executive Summary: FAPRI 2010 Agricultural Outlook / 1 Executive Summary The FAPRI 2010 U.S. and World Agricultural Outlook presents projections of world agricultural production, consumption, and trade under average weather patterns, existing farm policy, and policy commitments under current trade agreements and custom unions. The outlook uses a macroeconomic forecast developed by IHS Global Insight. The slowdown in the world economy in 2009 proved to be deeper and more widespread than originally anticipated, with an annual rate of real GDP growth of -1.9%. However, recovery is projected to begin in 2010, with long-term real GDP growth of 3.3% reached by 2011. With the recovery primarily driven by a fiscal stimulus and restocking of inventory, its sustainability centers on how quickly and robustly confidence is restored and the employment picture is improved, leading to transition into private consumption and investment demand for medium- to longer-term growth. Also, the economic recovery is accompanied by stronger energy prices of $94.2 per barrel in 2019, a cost pressure that might take some of the steam off the growth momentum. The U.S. dollar made significant gains in 2009 but resumes its real depreciation over the rest of the decade against the currencies of Australia, the EU, New Zealand, and Argentina. Many Asian currencies appreciate in real terms against the U.S. dollar, with China experiencing especially large real appreciations. In the world ethanol market, the 37% drop in crude oil prices in 2009 as well as the 60% reduction in U.S. ethanol net imports contribute to an 8% decline in the world price of ethanol. The ethanol price is projected to remain relatively stable in 2010 before declining by 9% in 2011. The price of ethanol increases over the rest of the projection period as a result of increased demand brought about by U.S. biofuel mandates. U.S. ethanol imports are expected to come mainly from Brazil, which continues to increase the share of sugarcane production going into ethanol. World net trade increases over the decade, approaching 4.2 billion gallons. Mandates also drive demand for biodiesel in the EU and the Americas and raise net trade to 602 million gallons as well as pushing the world price to $5.58 per gallon. In the outlook for sugar, because of the production shortfall in 2009/10, particularly in India, the world price of sugar increases by almost 60%. The price declines by 26%, to 19.0¢/lb, in the following year as countries recover. However, it continues to remain high and reaches 20.4¢/lb by the end of the projection period, as more sugarcane is used for ethanol in Brazil, and sugar imports of countries like China and the EU remain strong. The world wheat price drops to $216 in 2009/10 because of larger crop production in key wheat importing countries, which lowers import demand. After downward pressure from high carryover stocks in 2010/11, the price strengthens and reaches $222.7 per mt at the end of the decade. With strong competition from Russia and Ukraine, the U.S. loses market share in the world wheat market. U.S. net exports of wheat are projected to decline over the next decade. The world corn price decreases to $162.9 per mt in 2009/10. It is projected to increase in 2010/11 to $168.3 per mt and reach $175.6 per mt in 2019/20. Argentina regains its market share while Brazil loses its market share. The world barley price declines in 2009/10 to $135 with lower import demand in world markets. It is projected to decline further, to $131.9, in 2010/11 and to reach $148 in 2019/20. World prices of oilseeds remain relatively stable in 2009/10 as the supply rebound (especially for soybeans) is met with increased demand because of the economic recovery. Vegetable oils lead the oilseeds complex, as demand from both food and biodiesel uses expands firmly over the outlook period. While Asian countries, and in particular China and India, underpin much of the food demand growth, consumption mandates in the EU, Argentina, Brazil, and the U.S. strongly expand the usage for biodiesel production. Increased demand for protein meal from the growing and intensifying livestock sector in Asia supports the price of meal against the backdrop of large supplies owing to strong oil-driven crush and relatively stable demand for this commodity from developed countries. Sanitary/phytosanitary and food safety concerns stemming from disease outbreaks and from traceability issues continued to affect the world meat market. While recovery from the economic recession in 2009 continues, income and population growth raises per capita meat consumption and fuels expansion in world trade. Meat trade is projected to increase by 22.5%, reaching 20.5 mmt in 2019. A recovery in demand, coupled with strong grain prices, keeps all meat prices relatively high over the next decade. Brazil and the U.S. gain significant shares in the world meat market. Dairy prices declined significantly in 2008/09 as a result of economic recession. They increase in 2010 because of economic recovery. In the long run, growth in population and incomes continues to put upward pressure on dairy prices. Australia, New Zealand, and the EU remain the big exporters. While exports from the EU stagnate, Argentina and Brazil expand their dairy exports. The Asian countries, Russia, and Overview: FAPRI 2010 Agricultural Outlook / 3 Overview of the 2010 U.S. and World Outlook The Macroeconomic Environment Macroeconomic projections used in the 2010 FAPRI baseline were obtained from IHS Global Insight. The slowdown in the world economy in 2009 proved to be deeper and more widespread than originally anticipated, with an annual rate of real GDP growth of -1.9%. However, recovery is projected to begin in 2010, with long-term real GDP growth of 3.3% reached by 2011. With the recovery primarily driven by a fiscal stimulus and restocking of inventory, its sustainability centers on how quickly and robustly confidence is restored and the employment picture is improved, leading to transition into private consumption and investment demand for medium- to longer-term growth. Also, the economic recovery is accompanied by stronger energy prices of $94.2 per barrel in 2019, a cost pressure that might take some of the steam off the growth momentum. The United States, where housing and financial market stress originated, and its closely linked developed country economic partners, such as Japan, the European Union, and Canada, show the greatest impacts of the economic crisis, with an economic slowdown in 2009 of -2.51%, -5.4%, -4.1%, and -2.5%, respectively. The contagion effect in Mexico is even worse at -6.9%. The Asian economies withstood the economic crisis, posting positive growth in 2009 (for example, China at 8.5% and India at 6.4%), and thus lead the world economic recovery with their aggressive fiscal and monetary policies in support of stimulus spending, quick resumption of capital inflows, and industrial growth momentum after inventory adjustments. Improved macroeconomic frameworks, lower debt exposure, and larger reserves enabled Latin American and Caribbean countries to respond with appropriate policy initiatives to support economic activity and cushion the impact of the economic slowdown. This region’s price inflation is still among the highest, particularly in Argentina and Venezuela. With both the housing and labor markets still weak in the EU-15, recovery in the rest of the EU will be sluggish. After depreciating in 2009, most currencies of EU members experience real appreciation against the U.S. dollar. After a decade-long run of high and sustained growth in the CIS, Russia and Ukraine post deep slowdowns at -8.0% and -14.5%, respectively. The rest of the CIS, especially the low-income, non-oilexporting countries, follow the path of these major regional players. Strengthening of commodity prices is a bright prospect for future growth. The ruble in Russia and the hryvnia in Ukraine depreciated significantly in 2009, but they strengthen in real terms against the U.S. dollar thereafter. Projected price inflation is much lower than in previous periods and remains moderate. Recent sound policy reforms help economies in Africa respond to alleviate the impact of the economic crisis, and stronger commodity prices give a positive outlook for Africa’s economy in the next decade, including GDP growth of 4.6%. Most currencies in the region are stable relative to the U.S. dollar, and price inflation is moderate. Initiatives to diversify into the non-oil sector (for example, real estate) by countries in the Middle East became the channel of the contagion effects of the economic slowdown. However, improving oil prices give promising growth prospects in this region. Agricultural and Trade Policy Assumptions Bioenergy mandates continue to be key drivers in the current outlook. Major energy policies included in the baseline are the U.S. Energy Independence and Security Act (EISA) of 2007, the Renewable Energy Directive of the EU, fuel mandates and regulations for Argentina and Brazil, and producer incentives in Canada. In addition, new provisions in the Food, Conservation, and Energy Act of 2008—the 2008 farm bill—are included in this baseline. Provisions set to expire under both this farm bill and the EISA are assumed to continue throughout the baseline. Another policy change affecting trade in biofuels is the imposition by the EU of anti-dumping and countervailing duties on biodiesel (blends B20 and above) of U.S. origin. The 2009 world policy environment included the continuing implementation of reforms in the CAP. In particular, the sugar reforms of the EU Common Market Organization were adopted in 2006. The 4 / Overview: FAPRI 2010 Agricultural Outlook reforms cover a transitional period from 2006/07 to 2009/10. One of the main goals of the reforms is to reduce sugar quota production by 6 million tons, white value, through voluntary quota reductions and through lower intervention prices. So far, in-quota sugar production has decreased by 5.8 million tons. Although duty-free access to EU markets by least developed countries began in October 2009 under Everything-but-Arms, non-preferential countries continue to face prohibitive import duties on sugar. Beet production over the quota is expected to be used in ethanol production. One of the goals of the EU’s Renewable Energy Directive is a 20% share for renewable energy in total energy consumption. This includes a 10% minimum target for renewable energy consumed in transport, part of which is to come from biofuel use. To meet growing demand both within the EU and on global markets, the European Commission decided to increase the milk quota by 2% beginning April 1, 2008. In rice, the EU intervention price mechanism is abolished for 2009/10. The international reference price for rice has been Thai 100% B; however, the current Thai domestic price insurance scheme and government storage policy has limited Thailand’s role as a residual supplier on the world market. Thai exports have increasingly been government-to-government without price transparency in the face of increased competition and downward price pressure from Vietnam rice exports. Consequently, the projected net trade clearing price generated in the international rice model is used as the world reference price in this baseline and is more likely to reflect the Vietnam 5% price. The outlook assumes recovery from the SPS shocks and trade restrictions in meat markets associated with BSE in North America, FMD in Latin America, especially Argentina, AI in Europe and Asia, and blue ear disease in China. Under the Uruguay Round Agreement on Agriculture, the commitment schedule of developed countries for export subsidy limits, TRQ expansion, import duty reduction, and domestic support reduction are fixed at 2000 levels. Developing countries had their last reform installment implemented in 2004. All of these commitments are held fixed through 2019/20. The 2010 outlook does not include any conjecture on policy changes arising from the Doha Round. An extended policy database is available on our Web site and is updated once a year in the spring (www.fapri. iastate.edu/tools/). The Outlook for U.S. Agriculture The global recession has had dramatic effects on the U.S. farm sector. Net farm income declined by $30 billion in 2009, as commodity prices fell far below the peak levels of 2008. A modest forecast recovery of the general economy contributes to a modest projected recovery in the farm economy in 2010. Livestock, Poultry, and Dairy Domestic and export demand for meat and dairy products was severely affected by lower incomes and higher unemployment rates in 2009. Meat consumption and exports declined and prices for livestock, poultry, and milk fell. The outlook for 2010 and beyond depends on the strength of the economic recovery. If incomes increase and consumer confidence returns, demand for meat and dairy products will strengthen. Meanwhile, livestock producers have scaled back production in response to the large losses many experienced in 2008 and 2009. The combination of stronger demand and limited supplies should result in at least some price recovery in 2010. In spite of declining cattle numbers and beef production, cattle prices fell sharply in 2009 because of very weak demand. Reduced beef production and recovery in demand are expected to result in higher cattle prices for the next several years. Eventually, improved profitability encourages another modest expansion of beef production, and cattle prices level off. Higher feed costs in 2008 and weak demand in 2009 contributed to two straight years of large economic losses to pork producers. The combination of reduced production and recovery in demand should result in higher hog prices in 2010 and 2011. As with beef, a return to profitability results in renewed growth in pork production in later years. In the poultry sector, low returns resulted in a sharp decline in broiler production in 2009, the first decline in decades. This steep reduction in supplies helped keep broiler prices from dropping as much as cattle and hog prices, and positioned the sector for Overview: FAPRI 2010 Agricultural Outlook / 5 resumed growth in 2010. One important concern for the broiler sector is the recent suspension of imports by Russia, a major U.S. export market. Also of concern to the poultry sector in particular and the meat sector in general are future levels of U.S. meat consumption. After decades of growth, per capita meat consumption began to level off after 2004 and to decline after 2007. Projected meat consumption expands slowly after 2012 but remains well below the 2004 peak. Milk prices fell sharply from record levels in the final months of 2008 and caused large losses for most dairy producers in 2009. As with the meat sector, the resulting reduction in supplies and the expectation of stronger domestic and foreign demand are expected to result in higher milk prices in 2010 and beyond. Crops Grain and oilseed prices have fallen sharply from their mid-2008 peaks but generally remain above levels that prevailed prior to 2007. Increased global grain production, lower oil prices, reduced demand for livestock feed, and slower growth in biofuel production are some of the many factors that caused prices to fall from record highs. A large 2009 U.S. corn crop put downward pressure on corn prices, in spite of continued increases in the use of corn to make ethanol. Corn acreage is projected to increase in 2010, as expected corn returns appear favorable compared to returns for competing crops. Direct feed use of corn is limited by current weakness in the livestock sector and increased consumption of feeds produced as a coproduct of ethanol production. Projected U.S. corn exports increase moderately over the baseline, capturing a share of the growth in global feed demand. Record U.S. soybean production in 2009 also puts downward pressure on soybean prices, but the weather-reduced Argentine crop harvested in early 2009 provided some support. The South American crop harvested in early 2010 was expected to be much larger, so demand from China and other countries will have to be very strong to keep prices from falling. In the longer term, growth in global livestock and poultry production, biodiesel use, and Asian vegetable oil consumption all support soybean prices. The sharp increase in global wheat production has contributed to a dramatic decline in wheat prices from their 2008 peak. This, combined with unfavorable weather conditions in the fall of 2009, results in a sharp decline in 2010 U.S. wheat acreage. U.S. wheat stocks have climbed to levels not experienced in 20 years, so even the sharp projected reduction in U.S. wheat production does not result in a near-term recovery in wheat prices. The world recession sharply reduced demand for cotton, but reduced global production and signs of economic recovery caused cotton prices to rebound in the final months of 2009. Projected U.S. cotton acreage expands in 2010 after three years of decline. Consumer Food Prices and Other Aggregate Indicators Higher prices for farm commodities and energy contributed to 5.5% food price inflation in 2008, the highest rate since 1990. In 2009, the recession resulted in lower farm commodity and energy prices, and food price inflation fell to 1.8%. Projected food price inflation averages about 3% per year between 2010 and 2012, in response to higher prices for meat, dairy products, and petroleum. After 2012, food price inflation averages about 2%, roughly the same as the forecast rate of overall inflation in the U.S. economy. The sharp decline in net farm income in 2009 occurred because reductions in farm commodity prices far exceeded reductions in production expenses. In 2010, higher livestock receipts cause a modest recovery, but net farm income does not get back to the 2008 level over the course of the 10-year baseline. Government farm program outlays by the CCC remain moderate, as grain and oilseed prices remain above levels that would trigger marketing loan benefits and CCPs. Participation in the ACRE program established by the 2008 farm bill has been less than anticipated. For the last several years, crop insurance program costs have been constrained, as generally favorable weather has limited indemnities. With crop prices, crop insurance premiums, and premium subsidies all well above pre-2007 levels, crop insurance outlays could increase sharply if less favorable weather results in greater indemnities. Projected outlays on the crop insurance program approach total spending on other farm programs. 6 / Overview: FAPRI 2010 Agricultural Outlook Alternative Baseline Projections The figures reported in this publication are based on a single set of assumptions about the weather, the economy, and other factors that affect commodity supply and demand. FAPRI also has developed a stochastic baseline of U.S. agricultural and biofuel markets that estimates market outcomes under a wider range of assumptions. In essence, FAPRI develops 500 related baselines that share some assumptions, such as a continuation of current government policies, but that differ in their assumptions about crop yields, production costs, petroleum prices, export demand conditions, and other factors. Results of the stochastic baseline analysis are summarized in the U.S. Baseline Briefing Book available at www.fapri.missouri.edu. That publication provides average results from the 500 related baselines. For most variables, those average results from the stochastic analysis are very similar to the estimates reported in this publication. There are exceptions to this general rule, however. In the case of farm program outlays and biofuel market outcomes, averages from the stochastic analysis sometimes differ from the figures presented here because of underlying asymmetries in the policies analyzed. The Outlook for World Agriculture A deeper and more widespread economic slowdown than originally anticipated depressed trade and prices in 2009. However, projected recovery in income growth, along with continuing world population growth and expanding bioenergy mandates, fuels recovery and sustains long-term strength in food, feed, and fuel demand in the world. Grains With the exception of sorghum, world grain prices are lower in 2009/10 because of the higher supply in world markets. Wheat and barley prices are projected to decrease further in 2010/11, with the largest decline seen in the wheat price, followed by the barley price. Corn and sorghum prices are projected to increase in 2010/11. Grain prices increase steadily over the next 10 years because of growing demand for food, feed, and fuel purposes. Total grain area increases 1.43% over the decade and reaches 484.8 mha in 2019/20. Corn area increases the most, especially in the U.S. and in Asian countries, followed by sorghum area. Wheat area and barley area are projected to decline slightly over the baseline period. Total world grain consumption increases by 194.7 mmt over the decade, with most of the demand increase occurring for corn. Population growth boosts world wheat demand for food purposes by 60.0 mmt over the projection period, with the demand increase mainly coming from Asian, African, and Middle Eastern countries. Corn feed use increases over the next decade by 45.8 mmt because of growth in the livestock sector. Food and industrial use of corn also grows, by 64.4 mmt, over the same period, with both population growth and the expansion of the ethanol sector contributing to this increase. Barley feed use declines, whereas non-feed use increases, with total consumption increasing by 4.8 mmt by 2019/20. Sorghum consumption increases by 7.3 mmt over the projection period, with gains in both feed and non-feed use. World wheat net trade decreases in 2009/10 to 97.9 mmt because of larger crops in key wheat importing countries. It increases to 103.1 mmt in 2010/11. Net trade grows 1.63% annually on average, reaching 115 mmt in 2019/20. U.S. market share decreases to 19.89% in 2009/10 and thereafter because of strong competition from other exporting countries, particularly Russia and Ukraine. It decreases to 18.2% in 2019/20. The EU decreases its market share in 2009/10 because of lower production. Its market share decreases further in 2010/11 with the decline in exports. Argentina is projected to recover its market share in 2010/11 with the upturn in production. Canada’s market share decreases over the next 10 years. Australia’s market share increases in 2009/10 and remains fairly stable throughout the decade, declining slightly toward the end. Net imports of Asian countries decline by 2.3 mmt over the next 10 years with the increase in production. African and Middle Eastern countries increase their net imports by 10.0 mmt over the next 10 years. Latin American countries’ net imports reach only 9.7 mmt in 2019/20 because of production growth. World coarse grain net trade is projected to grow at an average annual rate of 1.5%. Corn net trade increases the most, by 14.9 mmt, followed by barley trade. Sorghum net trade declines. The U.S. market Overview: FAPRI 2010 Agricultural Outlook / 7 share increases to 54.98% in 2009/10 and remains relatively stable over the next 10 years The U.S. share reaches 55.9% in 2019/20. Argentina’s market share in the coarse grain market is projected to increase in 2010/11, and thereafter to decline slightly toward the end of the period. Ukraine’s market share declines in 2009/10 with a decrease in production and net exports of barley and corn. Brazil’s market share declines as consumption grows faster than production. Australia’s market share stays stable over the next 10 years. World barley net trade reaches 18.8 mmt in 2019/20, fueled by growth in Asian demand. The EU slightly increases its barley net exports in 2010/11 because of lower domestic consumption. Net exports of barley reach only 2.1 mmt in 2019/20. Australian net exports decrease in 2010/11 because of lower production and end at 2.9 mmt in 2019/20. Canadian net exports total 3.4 mmt in 2019/20. Ukrainian and Russian net exports reach 6.1 mmt and 2.3 mmt, respectively, by 2019/20. In 2009/10, corn net trade increases since consumption increases more than production but it declines in 2010/11 corn net trade. Over the next 10 years, corn net trade is projected to increase, reaching 92.5 mmt in 2019/20, because of demand growth in major importing regions such as Asia, Africa, and the Middle East. The U.S. market share increases in 2009/10 to 66.8% with higher U.S. exports. It reaches 66.9% in 2019/20. Growth in area and yields raises Argentina’s share of the corn market to 16.5% by 2019/20. Brazil’s market share decreases to 4.4% by 2019/20 as domestic consumption growth exceeds production growth. South Africa’s market share reaches 4.1% in 2019/20. Rice The largest demand increase for corn comes from Asian countries because of growth in their livestock industry. Asian net imports increase by 7.3 mmt over the next decade. African net imports increase by 2.0 mmt over the projection period. Among Latin American countries, Mexico maintains its role as a major importer. Middle Eastern corn net imports reach 10.2 mmt in 2019/20. U.S. DDG exports increase more than 33% over the next 10 years, reaching 7.8 mmt in 2019/20. Canada and Mexico are the major destinations for these exports. Mexican DDG imports reach 2.1 mmt in 2019/20, and Canadian imports reach 1.2 mmt. Asian imports of DDG are also growing, as a replacement for corn. Destinations include Indonesia, Japan, the Philippines, South Korea, and Taiwan. World sorghum net trade grows slightly over the projection period, reaching 5.0 mmt by 2019/20 with growth in demand. Mexico’s net imports of sorghum reach 2.2 mmt and Japan’s net imports reach 1.7 mmt in 2019/20. The U.S. market share of sorghum increases in 2010/11 to 72.9% and reaches 65.3% in 2019/20. International rice prices weaken in 2009/10 as more exportable supplies became available, even as major rice exporting countries like India, Egypt, Pakistan, China, and Thailand maintain export restrictions and stock controls. Discounted by as much as $150 per mt below the Thai price, Vietnam rice was very competitive in the global market. Rice export prices are projected to further weaken in the next two years before increasing gradually over the baseline, driven by resource constraints on land and water and increased consumption and trade. Nevertheless, rice remains thinly traded, with the share of total trade to total consumption at 8.6% in 2019/20. Populationdriven consumption growth keeps the rice stocks-touse ratio between 19% and 21% over the same period. World rice harvested area in 2009/10 declined by 2.5% as India experienced unfavorable weather, which caused a substantial drop of 5.2 mha in the country’s area, negating some gains in China, Myanmar, Thailand, and Nigeria. Consequently, global rice production declined by 2.7%, to 434.7 mmt, as average yield declined marginally. Total world rice consumption in 2009/10 increases 0.7%, to 436.5 mmt, as world population grows 1.1% and average per capita use declines 0.4%. Substantial consumption gains in China, Bangladesh, and Indonesia are offset by declines in India and Pakistan. Total world rice trade increases 8.2% and net trade gains 11.7% in 2009/10, as shipments from Thailand, Pakistan, and China increase substantially. Total consumption continues to increase steadily, by 0.8% annually, with the expansion driven solely by population growth, as average per capita use declines marginally as a result of urbanization and diet diversification toward more protein-based 8 / Overview: FAPRI 2010 Agricultural Outlook foods in a number of Asian countries with relatively strong economies. Projected area expansions in India, Bangladesh, Myanmar, and Thailand offset the contractions in China, Japan, and South Korea. India remains a major player in global rice over the next decade, accounting for 28%, 38%, and 29% of the net increases in area, production, and consumption, respectively. Nearly 45% of the total gain in production comes from Bangladesh, Thailand, Indonesia, the Philippines, Brazil, Myanmar, Cambodia, and Vietnam while 52% of the growth in consumption is accounted for by Bangladesh, the EU, Indonesia, the Philippines, Nigeria, and Myanmar. India, Thailand, Pakistan, and Vietnam account for 81.2% of the volume growth in net rice exports over the next decade. Rice imports of Africa and the Middle East continue to increase substantially, accounting for 50.4% of the total volume growth in world net rice imports, driven by strong growth in both population and per capita rice consumption. Oilseeds World oilseed production rebounded in 2009/10, with record soybean crops for the world’s three top producers, namely, the U.S., Brazil, and Argentina. Oilseed prices remain relatively stable, however, as the sharp supply expansion is met with increasing demand because of the economic recovery. Led by a strong growth in vegetable oil demand for food and industrial uses, prices resume their ascendant path and grow for the remainder of the projection period. Robust demand growth maintains oilseed prices above historical levels for the outlook period, despite area expansions and yield improvements. The significant area expansion in Argentina and Brazil led the increase in world oilseed area in 2009/10, offsetting a small decline by China. Relatively stable prices lead to a slowdown in area growth by next season, with the pace recovering later as prices start increasing again. While soybean area experiences the largest growth in absolute terms (around 9 mha), palm area expands faster in relative terms (22% versus 9% for soybeans). Most of the soybean area expansion is expected to occur in South America; in particular, Brazil has the most, followed by Argentina. The area expansions of rapeseed and sunflower are similar to that of palm. Canada, the EU, India, and Other CIS countries are responsible for most of the growth in rapeseed area. Urbanization and falling real domestic prices result in stagnant to declining oilseed area in China. Thus, the oilseed production increase is limited to that stemming from yield improvements. On the other hand, strong and sustained economic growth and an expanding livestock sector results in a robust increase in the domestic consumption of meal and oil. Combined with policies favoring oilseed imports and domestic crush, the demand increase makes China the world’s leading soybean importer. In contrast, and continuing a long-term trend, the European Union continues its displacement of soybean imports with that of soybean products, reducing its market share in soybean trade. Reasons behind the shift are weakening crush margins as well as wider availability of rapeseed meal as a result of the domestic biodiesel mandates. Brazil increases its net export share of soybeans throughout the outlook period and surpasses the U.S. to become the leading net exporter by 2015/16. The biodiesel mandates in the European Union encourage world production and trade of rapeseed. Canada remains the leading net exporter, while Ukraine consolidates its position as an emerging net exporter. The economic recovery and associated growth of the livestock sector encourages oilseed meal consumption over the projection period. While soybean meal accounts for most (75%) of the consumption growth, the largest growth in percentage terms is expected for palm kernel meal. Consumption of sunflower meal and especially rapeseed meal are also expected to expand firmly. However, the robust demand growth for oilseed meals is outpaced by the supply expansion resulting from the vegetableoil-driven crush, and prices remain stable (to slightly increasing) throughout the outlook. China, the country with (by far) the largest meal demand growth, surpasses the EU as the leading protein meal consumer by the middle of the outlook. However, the EU maintains its position as the largest net importer of protein meal. Meanwhile, the U.S.’s share of world consumption falls slightly. Led by Argentina, net trade in the soybean meal market increases strongly throughout the baseline. Vegetable oils drive the oilseeds sector. Both Overview: FAPRI 2010 Agricultural Outlook / 9 emerging biodiesel industries in various countries and growth in food uses result in a vigorous expansion in world consumption over the next decade. Population and increasing income in developing countries are mostly responsible for the food demand expansion. Policy interventions, such as domestic consumption mandates and a relatively high crude oil price, explain most of the growth in demand for industrial use (in particular, biodiesel demand). Net imports of soybean oil increase over the next decade, led by India and the EU. For the EU, the increase reflects the trend toward importing soybean products in lieu of the seed. Meanwhile, China’s crush demand growth results in relatively stable levels of net imports of soybean oil over the outlook period. Despite the domestic biodiesel mandate, Argentina still dominates the world soybean oil exports. Rapeseed oil consumption reaches 26 mmt during the baseline because of biodiesel production in the EU. Palm oil remains the most traded vegetable oil in the world for the next decade. Chinese palm oil net imports expand strongly, explaining about a third of the increase in trade. Cotton As world macroeconomic conditions improve, world demand for cotton expands in 2009/10 after the large contraction in world mill use the previous year. Strong demand for competing crops to be used in the production of biofuels has provided significant competition for area and has held down supplies in world cotton markets. Cotton acreage in the United States is expected to jump to 3.7 mha in 2010/11 from 3.1 mha the previous year but remains well below the area seen prior to 2008/09. Higher prices for grains and oilseeds, due to biofuels production, have held down cotton area in many locations and continue to provide acreage competition over the projection period. Even as world demand improves, U.S. cotton acreage is projected to remain below 3.8 mha. Cuts in domestic mill use over the last several years have allowed the U.S. to maintain much of its export volume. With stable to modestly growing area and continued contraction in domestic mill use, the United States is projected to maintain and even modestly grow its trade volume. Prices, as measured by the Cotlook Far East A Index, are expected to jump to $1,633 per mt in 2009/10 as demand grows and supplies remain tight. Prices grow in the following years, as supply constraints, through competition for acreage from grains and oilseeds, contribute to an improved outlook for prices. Regions with fewer alternative crops or a comparative advantage in cotton production are likely to hold on to more of their cotton acreage to take advantage of improving prices. The improved price picture is necessary to maintain net returns to cotton, which ensures the production needed to meet cotton demand. This cotton demand may be considered more modest, near-term growth than anticipated prior to the recent economic upheaval. World cotton consumption is expected to rise to 24.9 mmt in 2009/10 under improving world macroeconomic conditions and returns to growth under the assumption of a return to GDP growth beyond 2009/10. Growth in mill use is just above population growth, reaching 30.0 mmt by 2019/20. World cotton spinning continues to concentrate in a small number of countries. China, India, Pakistan, and Turkey account for 72% of world mill use in 2009/10 and expand to 76% of world mill use by 2019/20. While mill use in China continues to grow at a strong pace, use in other parts of developing Asia are anticipated to expand. Developed countries are likely to see continued declines in their consumption of raw cotton. The United States must increasingly rely on export markets for the majority of demand. Sugar The world sugar market faces a second year of deficit in 2009/10 because of production shortfalls, particularly in India. Brazil continues to produce record levels of sugarcane in 2009/10, but, at 55%, the share of sugarcane going to ethanol production declines from the previous year because of higher sugar prices. Despite the deliberate production decline over the CMO sugar restructuring period, the EU experiences higher sugar production in 2009/10 because of record yields. As a result, net imports decline more than 5% from 2008/09. World sugar production is projected to increase 24% as both harvested area and yields increase, especially in the major sugarcane-producing countries. Sugar consumption continues to increase, and with sustained growth in real GDP and population, particularly in developing countries, sugar 10 / Overview: FAPRI 2010 Agricultural Outlook consumption increases almost 22% over the projection period. As India’s dramatic increase in imports of sugar is met by increased sugar exports from Brazil, world net trade increases 11% in 2009/10. By 2018/19, world net trade is projected to increase 13%. Unlike in 2008/09, when the increase in global sugar prices was aided by macroeconomic variables such as depreciation of the U.S. dollar and high energy prices, the world sugar price reaches record highs in 2009/10 because of market fundamentals. The over 60% rise in sugar prices is the result of tighter sugar supplies brought about by higher demand for sugar from countries with reduced production. As production recovers, the world sugar price declines 26% in 2011/12 but remains relatively high over the projection period because of increased demand for sugar from countries such as China, the EU, Indonesia, and Pakistan. In terms of market shares, only a handful of sugarexporting countries account for 95% of world trade, with Brazil, which accounts for almost 65%, continuing to maintain the largest share throughout the projection period. On the import side, Russia currently accounts for 5.6% of world net trade. However, this share declines to 4% by 2019/20 as Russia’s sugar production continues to expand. Asia, as a region, constitutes the largest importing block, with China, Indonesia, Japan, Malaysia, and South Korea together accounting for about 19% of world trade over the projection period. Biodiesel is another renewable energy source adopted in a growing number of countries. The world price of biodiesel (Central Europe FOB) increases in 2010 driven by higher petroleum and vegetable oil prices. Lower exportable surpluses from Argentina as their B5 mandate is implemented and tariff barriers imposed by the EU on biodiesel originating from the U.S. also contribute to the price recovery in 2010. Significant domestic consumption mandates in Argentina, Brazil, the EU, and the U.S., combined with increasing crude oil prices, result in biodiesel price increases through the remainder of the period. Pushed by the biofuels target, biodiesel consumption in the EU continues to grow over the next decade. Despite being the world’s largest producer, the EU is by far the largest net importer of biodiesel. With a highly competitive oilseed crushing sector, and policies favoring the exports of processed products, Argentina is the largest net exporter of biodiesel. Meanwhile, Brazil’s biodiesel production increase is motivated by domestic mandates. Livestock and Poultry Ethanol and Biodiesel Driven by income growth, per capita meat consumption increases by 6.1 kg in the next decade, representing a 1.3% annual increase. Meat consumption reaches 54.5 kg per person per year by 2019. Pork consumption has the highest share in the consumption basket, growing the fastest among the three meats at 1.6% annually. Many countries continue to promote ethanol use through mandates and/or directives. In the world ethanol market, the major players remain Brazil and the United States. The United States is the largest producer of ethanol, followed by Brazil. Brazil, however, is the largest exporter. The EU is also emerging as a significant player, along with China and India. While SPS issues and food safety concerns continue to impact the world meat market, recovery in meat demand increases world meat trade 22.5% (3.76 mmt) in the next decade, with net trade reaching 20.47 mmt in 2019. Rising meat demand fuels a 16.8% (36.43 mmt) increase in world meat production over the next decade, with production reaching 253.68 mmt in 2019. The world ethanol price increased in 2008 as crude oil prices peaked and U.S. net imports increased. However, 2009 saw lower ethanol prices as crude oil prices fell 37% and U.S. net imports fell almost 60%. The price increases 9% over the projection period, as world demand for ethanol grows, especially in the United States as a result of the renewable fuel mandates. Recovery in the global economic situation pushes livestock and poultry prices relatively higher over the projection period. After an 8% drop in 2009, the beef price increases and peaks at $176.5/cwt in 2014. Despite the slight decline thereafter, it remains above $175/cwt in 2019. From a peak in 2004 of $52.5/cwt, the pork price cycles throughout the decade. The pork price peaks again in 2012 at $55.9/cwt and ends at $53.9/cwt in 2019. The poultry price strengthens over the next decade, growing 1.8% annually and reaching Brazilian production of ethanol increases steadily over the projection period, inducing a rising share of sugarcane going into ethanol production. Overview: FAPRI 2010 Agricultural Outlook / 11 a record high of $91.5/cwt in 2019. In the outlook for trade, world beef trade recovers and is projected to continue to grow at an average rate of 3.1% annually throughout the decade, ending at 6.7 mmt in 2019. Responding to the recovery in trade and the growth of the world price, beef production increases at an annual rate of 1.1% (0.56 mmt) in the next decade, reaching 58.9 mmt in 2019. In pork, after recovering from a 12% drop in 2009, pork trade grows 2.8% (122 tmt) annually in the next decade, reaching 5.52 mmt in 2019. Pork production increases in the next decade at an annual rate of 1.9% (1.85 mmt), reaching 115.47 mmt in 2019. In poultry, a lower TRQ in Russia reduces broiler trade in the short run, but trade recovers and grows at a rate of 1.3% annually over the projection period. Total broiler trade increases by 0.97 mmt, reaching 8.29 mmt in 2019. Total broiler production increases 1.8% (1.2 mmt) annually, reaching 79.36 mmt in 2019. Dairy Strong demand and growing incomes boost world milk production. Over the next decade, world milk production increases 23.7%. Of the 123 mmt increase in milk production, 61.8% occurs in Asia, mostly in China and India. Higher milk production facilitates increases in dairy production. World total butter production increases 32.5% over the baseline, with India accounting for 90% of the growth. Total cheese production grows 18.8%, with the U.S. and the EU accounting for about 51.9%. NFD production rises 17.5%, with the greatest gains occurring in India. Excluding the EU, WMP production grows in most countries, increasing a total of 32.3%. Dairy product trade expands substantially in the long run as domestic production cannot meet domestic demand in many countries. As major players in world markets, Australia and New Zealand steadily expand their dairy production over the baseline. Australian milk production increases 25.7%, enabling Australian butter, cheese, NFD, and WMP production and exports to increase. New Zealand milk production increases 25.9%, making the country the largest exporter over the projection period. Because of an increase in milk quotas, EU milk production increases slightly over the baseline. Because of higher returns from cheese, more milk is diverted into cheese production, while butter and milk powder production decrease. The steady growth in domestic cheese consumption absorbs the bulk of the increase in cheese production, limiting the growth in cheese exports throughout the baseline. Driven by strong world demand and prices, the Argentine and Brazilian dairy sectors expand over the baseline. Growth in milk production facilitates production increases in dairy products. Consequently, with more exportable surpluses of dairy products, Argentina and Brazil become more important exporters in the world markets. Because of economic growth, population growth, and changing diets, Asian dairy consumption expands steadily. To meet strong domestic demand for dairy products, China and India significantly increase milk production. The expansion of milk production not only facilitates the growth of fluid milk consumption but also helps boost the production of dairy products. Chinese WMP net exports are negatively affected by the milk scandal for the next couple of years, but China resumes exporting in 2012. Over the long run, as domestic WMP production expands and as consumers substitute more fluid milk for reconstituted milk powder, Chinese WMP exports increase steadily. Indian butter production increases 5% annually. Butter exports reach a record at the midterm of the baseline and then decrease as more production is absorbed by domestic markets. As a byproduct, India’s NFD production grows 62.1%, creating excess supplies that allow NFD exports to rise. Southeast Asia (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) heavily depends on imports to meet domestic demand. Its NFD imports account for 40% of total world trade. China and Japan together account for about 12% of the NFD import market by the end of the baseline. While China switches from a WMP importer to a WMP exporter, Southeast Asia increases its imports 3.3% annually. Steady growth also occurs in Asian cheese and butter imports. Japan, a leading cheese importer, increases its cheese imports, accounting for roughly 15% of total world imports by 2019. Sustained by economic and population growth, cheese imports of other Asian countries (China, Indonesia, Malaysia, Philippines, South Korea, Thailand, and Vietnam) increase by 4.5% annually. Total butter imports into China, Japan, South Korea, and Southeast Asia steadily increase over the baseline. 12 / Overview: FAPRI 2010 Agricultural Outlook Box 1. Major Model Developments in the FAPRI System With a forward-looking motivation of positioning FAPRI’s analytical capability to address emerging policy issues such as biofuels, indirect land use, and greenhouse gas (GHG) emissions, model development initiatives were initiated on several fronts. In the U.S. model, significant improvements were made in the way that biofuel use mandates and cellulosic ethanol production are modeled. Because of Brazil’s major market presence in almost all important traded commodities, a spatially disaggregated model of Brazil was integrated into the FAPRI system to fully reflect differential resource supply and infrastructure constraints across the country. Moreover, yield specification now includes intensification and extensification effects in all countries. Finally, a GHG accounting model can now be linked to the FAPRI system to evaluate GHG emission impacts of alternative policy scenarios of interest. U.S. biofuel modeling The Renewable Fuel Standard (RFS2) set up by the 2007 Energy Independence and Security Act (EISA) establishes a set of nested mandates for biofuel use. To enforce the mandates, a system was established that allows firms to trade Renewable Identification Numbers (RINs). These RINs certify that appropriate levels of renewable fuels have been utilized by regulated parties. We have significantly improved our representation of the market for RINs in the model, adding and revising equations to reflect many of the critical features of the regulations and the developing markets. For example, we now have equations to estimate the quantity of RINs carried over from one year to the next, which can have important implications for how the market behaves when there are unexpected shocks to energy prices, corn yields, or any of the other factors that affect biofuel supply and demand. In previous years, U.S. production of cellulosic biofuels was represented in a very simplistic manner that did not account for the supply and demand for feedstocks. The model now includes detailed models for switchgrass and corn stover supply and demand. Supply of both feedstocks depends on net returns to producers; costs of getting the feedstocks from farms to plants are accounted for; and plants only produce cellulosic biofuels if it is profitable for them to do so. EISA provisions are modeled carefully, recognizing that the law allows cellulosic biofuel mandates to be adjusted if supply capacity is inadequate to meet the targeted levels, but that such adjustments require other steps to be taken that affect the producer price of cellulosic biofuels. Because markets do not currently exist and because the technology has yet to be proven commercially, the projections generated are far more tentative than most other model estimates. Nevertheless, the model provides a tool to look at some of the critical issues in a systematic fashion. Brazil module Brazilian agricultural production has experienced an impressive expansion in recent years. Because of its size and geographical location, Brazil encompasses widely varying ecosystems, ranging from grassland and crops associated with temperate climates in the South to tropical forests in the North and semiarid areas in the Northeast. The different regions also present enormous developmental disparities in terms of infrastructure, logistics, and strategies available to increase production. Thus, while rapid expansion of production of some commodities may only be achieved by taking area away from other agricultural activities in land-constrained regions, increases in area used by all activities may be observed in other parts of the country, which points to distinct dynamics in the competition for land across space. Environmental impacts (both local and global through the emission of GHGs) as well as social and economic impacts hinge critically on the nature of these land-use changes. Therefore, it is becoming increasingly important to recognize the spatial dimension of the agricultural expansion, as the impacts are likely to be dependent on the way in which this expansion occurs as well as on the resources of the location in which production takes place. In response to the identified need, a more detailed module of Brazilian agriculture was jointly developed by FAPRI and ICONE1 and incorporated into the 1 ICONE is the Institute for International Trade Negotiations (http://www.iconebrasil.org.br/en). Contributors from ICONE are Leila Harfuch (livestock and dairy), Marcelo Moreira (sugarcane complex), and Luciane Chiodi (crops). Andre Nassar, ICONE’s general director, coordinated the effort at the institute while Miguel Carriquiry led the model development at FAPRI. Overview: FAPRI 2010 Agricultural Outlook / 13 FAPRI modeling system. The new module is basically a spatially disaggregated partial equilibrium model of Brazilian agricultural production constructed at the regional level, incorporating major crops, biofuels, and livestock interacting and competing for agricultural resources, in particular, land. Outputs from the model include projections of production and utilization variables and the amount of land allocated to the activities considered. On the crops side, we consider corn (first and second crops), the soybeans complex (including soybean meal, soybean oil, and biodiesel), the sugarcane complex (including sugar and ethanol), rice, cotton, and dry beans (multiple cropping depending on the region). The modeled animal products are beef, pork, poultry, and dairy. In terms of land allocation, the area used by a given activity depends on its expected real returns in comparison to expected returns of activities that compete for the resource. The strategy for modeling livestock activities follows closely the one utilized in the international livestock model of FAPRI, with the additional layer of explicitly modeling land used by beef and dairy production. Because not all the regions considered are equally suited for different activities, the competition for land is contingent on the location. Consequently, not all activities compete with each other with the same intensity in all regions. Through the use of spatially disaggregated information on historical production activities and natural resource availability, the model is able to determine the relative profitability of different activities at the local level, which as mentioned will drive regional supply curves for relevant commodities and their associated land use. For this modeling effort, Brazil is divided into six regions: South, Southeast, Central-West Cerrados, North-Northeast Cerrados, Amazon Biome, and Northeast Coast. The model is able to capture the regional differences in terms of capabilities and consequences of the expansion. Thus, the impacts of land-use changes derived from increasing demand for agricultural products can be more precisely established. Yield intensification and extensification The yield equation was respecified to include intensification effects—that is, a price-induced yield response—as well as extensification effects that allow a yield drag when new land is put into production. Because of very limited data, most of the parameters were derived using information from yield gaps and availability of arable land to calibrate country-specific parameters. Greenhouse gas accounting Recently, a significant effort was made to develop a carbon accounting model that links with the FAPRI model. This model is called the Greenhouse Gases from Agriculture Simulation Model (GreenAgSiM), and it aims to quantify emissions from agricultural activity on a global scale. The need for information in a carbon-constrained world led to the idea to incorporate the Intergovernmental Panel on Climate Change (IPCC) Guidelines for National Greenhouse Gas Inventories into the FAPRI modeling framework in order to evaluate the impact of changes in agricultural policy on GHG emissions. The model takes emissions into account that are directly attributable to agricultural production, such as enteric fermentation (methane), manure management (methane and nitrous oxide), and agricultural soil management (nitrous oxide). Furthermore, carbon stock differences from land-use change (carbon dioxide) induced by agriculture are included in the model. CHARTS AND PRICE PROJECTIONS 16 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook Average Annual GDP Growth, 2009-2019 Percent Change 13 8.41 8 7.15 3.75 3.51 4 3.35 2.89 2.30 2.28 1.39 0.85 0 Canada China EU India Japan Latin America Mexico Middle East South Korea U.S. Average Annual Exchange Rate Growth, 2009-2019 (local currency per U.S. dollar) Percent Change 8 6.45 3.25 4 2.49 1.38 0.35 0.70 0.57 0.62 India Canada 0 -0.46 -1.32 -2.39 -4 -8 Argentina Brazil EU-15 * Hungary, Czech Republic, and Poland. Japan China Australia New Thailand Zealand Mexico Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 17 U.S. Biofuel Use Mandates Billion Gallons 30 25 20 15 10 5 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 Maximum Allowable from Conventional 2015 2016 2017 2018 2019 Advanced U.S. Conservation Reserve Program Area Million Acres 40 35 30 25 20 15 10 5 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 18 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook U.S. Crop Planted Area Million Acres 100 90 80 70 60 50 99/00 01/02 03/04 05/06 07/08 Wheat 09/10 Corn 11/12 13/14 15/16 17/18 19/20 15/16 17/18 19/20 Soybeans U.S. Crop Exports Billion Bushels 3.0 2.5 2.0 1.5 1.0 0.5 0.0 99/00 01/02 03/04 05/06 07/08 Wheat 09/10 Corn 11/12 Soybeans 13/14 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 19 U.S. Crop Prices Dollars per Bushel 12 10 8 6 4 2 0 99/00 01/02 03/04 05/06 07/08 09/10 Wheat Corn 11/12 13/14 15/16 17/18 15/16 17/18 19/20 Soybeans U.S. Feed and Residual Disappearance Million Metric Tons 250 200 150 100 50 0 99/00 01/02 03/04 Corn 05/06 07/08 Corn By-Products 09/10 11/12 Other Grains 13/14 Oilseed Meals 19/20 20 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook U.S. Biofuel Production Billion Gallons 20 16 12 8 4 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Corn-based Ethanol Other Ethanol Biodiesel U.S. Farm-Level Prices Paid Indices Index, 1990-1992=100 450 400 350 300 250 200 150 100 50 0 1999 2001 2003 2005 2007 2009 Fertilizer 2011 Fuel 2013 2015 2017 2019 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 21 U.S. Cattle and Barrow and Gilt Prices Dollars per cwt 120 100 80 60 40 20 0 1999 2001 2003 2005 2007 2009 Barrows and Gilts, Nat'l Base* 2011 2013 2015 2017 2019 2017 2019 NB Direct Fed Steers * National Base 51% - 52% Lean Equivalent U.S. Poultry Wholesale Prices Cents per Pound 100 90 80 70 60 50 40 1999 2001 2003 2005 2007 12-City Broiler 2009 2011 2013 Eastern Region Turkey 2015 22 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook U.S. Livestock Production Billion Pounds 45 40 35 30 25 20 15 10 1999 2001 2003 2005 2007 Beef 2009 2011 Pork 2013 2015 2017 2019 2015 2017 2019 Broilers U.S. Meat Net Exports Billion Pounds 10 8 6 4 2 0 -2 -4 1999 2001 2003 2005 2007 Beef 2009 Pork 2011 Broilers 2013 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 23 U.S. Milk Production Billion Pounds 220 210 200 190 180 170 160 150 140 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2013 2015 2017 2019 U.S. Milk Prices Dollars per cwt 20 18 16 14 12 10 8 1999 2001 2003 2005 Class III 2007 2009 Class IV 2011 All Milk 24 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook U.S. Land Use Million Acres 380 360 340 320 300 280 260 240 220 200 1999 2001 2003 2005 2007 13 Crop Planted Area 2009 2011 13 Crops + Hay 2013 2015 2017 2019 13 Crops + Hay + CRP Mandatory U.S. Government Outlays, Fiscal Year Billion Dollars 40 35 30 25 20 15 10 5 0 99/00 01/02 03/04 05/06 Net CCC Outlays 07/08 09/10 11/12 NRCS Conservation 13/14 15/16 Crop Insurance 17/18 19/20 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 25 U.S. Farm Income Billion Dollars 120 100 80 60 40 20 0 1999 2001 2003 2005 2007 2009 Net Farm 2011 2013 2015 2017 2019 2015 2017 2019 Real NFI (1997$) U.S. Consumer Price Index for Food Percent * 6.0 5.0 4.0 3.0 2.0 1.0 0.0 1999 2001 2003 2005 * Percentage increase in CPI for food vs. previous year. 2007 2009 2011 2013 26 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook World Wheat Stocks-to-Use Ratio Versus Price Dollars per Metric Ton Percent 400 40 300 30 200 20 100 10 0 0 2001/02 2003/04 2005/06 2007/08 2009/10 U.S. FOB Gulf Price 2011/12 2013/14 2015/16 2017/18 2019/20 Stocks-to-Use Ratio World Wheat Net Trade and U.S. Market Share Percent Million Metric Tons 40 150 30 100 20 50 10 0 2001/02 2003/04 2005/06 2007/08 Net Trade 2009/10 2011/12 2013/14 U.S. Market Share 2015/16 2017/18 2019/20 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 27 World Rice Stocks-to-Use Ratio Versus Price Dollars per Metric Ton Percent 700 40 600 35 30 500 25 400 20 300 15 200 10 100 5 0 0 1999/00 2001/02 2003/04 2005/06 2007/08 2009/10 World Reference Price 2011/12 2013/14 2015/16 2017/18 2015/16 2017/18 2019/20 Stocks-to-Use Ratio World Rice Net Exports Million Metric Tons 35 30 25 20 15 10 5 0 1999/00 2001/02 2003/04 2005/06 2007/08 India Pakistan 2009/10 Thailand 2011/12 U.S. 2013/14 Vietnam 2019/20 28 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook World Coarse Grain Supply and Utilization Million Metric Tons Million Metric Tons 140 1,200 120 1,000 100 800 80 600 60 400 40 200 20 0 2001/02 2003/04 2005/06 2007/08 2009/10 Production 2011/12 Consumption 2013/14 2015/16 2017/18 2019/20 Net Trade World Corn Stocks-to-Use Ratio Versus Price Dollars per Metric Ton Percent 30 250 25 200 20 150 15 100 10 50 5 0 0 2001/02 2003/04 2005/06 2007/08 2009/10 U.S. FOB Gulf Price 2011/12 2013/14 2015/16 Stocks-to-Use Ratio 2017/18 2019/20 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 29 World Corn Net Trade and U.S. Market Share Percent Million Metric Tons 140 80 120 60 100 80 40 60 40 20 20 0 2001/02 2003/04 2005/06 2007/08 2009/10 Net Trade 2011/12 2013/14 2015/16 2017/18 2019/20 U.S. Market Share World Barley and Sorghum Net Trade and Prices U.S. Dollar per Metric Ton Million Metric Tons 250 30 25 200 20 150 15 100 10 50 5 0 2001/02 2003/04 Barley Net Trade 2005/06 2007/08 Sorghum Net Trade 2009/10 2011/12 2013/14 2015/16 Barley Price, Canada Feed FOB 2017/18 2019/20 Sorghum Price, FOB Gulf 30 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook World Soybean Area Harvested and Price Million Hectares Dollars per Metric Ton 120 600 100 500 80 400 60 300 40 200 20 100 0 0 2001/02 2003/04 2005/06 Argentina 2007/08 Brazil 2009/10 China 2011/12 U.S. 2013/14 Other 2015/16 2017/18 2019/20 Soybean Price, Rotterdam World Soybean Net Trade Million Metric Tons 120 80 40 0 -40 -80 -120 2001/02 U.S. 2003/04 Argentina 2005/06 Brazil 2007/08 2009/10 Paraguay 2011/12 Other Exports 2013/14 EU 2015/16 2017/18 2019/20 China Other Imports Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 31 World Soybean Crush Million Metric Tons 300 250 200 150 100 50 0 2001/02 2003/04 Argentina 2005/06 2007/08 Brazil China 2009/10 EU 2011/12 2013/14 2015/16 India Japan U.S. 2011/12 2013/14 2017/18 2019/20 Other World Soybean Meal Net Trade Million Metric Tons 80 60 40 20 0 -20 -40 -60 -80 2001/02 2003/04 U.S. 2005/06 Argentina 2007/08 Brazil 2009/10 Other Exports EU Japan 2015/16 Mexico 2017/18 Other Imports 2019/20 32 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook World Soybean Oil Net Trade Million Metric Tons 15 10 5 0 -5 -10 -15 2001/02 2003/04 Argentina 2005/06 2007/08 Brazil U.S. 2009/10 2011/12 Other Exports 2013/14 China 2015/16 India 2017/18 2019/20 Other Imports Soybean Oil Per Capita Consumption in Selected Countries Kilograms per Person 30 25 20 15 10 5 0 2001/02 2003/04 China 2005/06 2007/08 India 2009/10 Japan 2011/12 U.S. 2013/14 EU 2015/16 Taiwan 2017/18 Brazil 2019/20 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 33 World Rapeseed Area Harvested and Price Million Hectares Dollars per Metric Ton 40 700 35 600 30 500 25 400 20 300 15 200 10 100 5 0 2001/02 2003/04 Australia 2005/06 2007/08 Canada China 2009/10 EU 2011/12 2013/14 India 2015/16 Other 2017/18 2019/20 Rapeseed Price, Hamburg World Rapeseed Net Trade Million Metric Tons 16 12 8 4 0 -4 -8 -12 -16 2001/02 2003/04 Canada 2005/06 Other CIS 2007/08 Ukraine 2009/10 2011/12 Other Exports China 2013/14 EU 2015/16 Japan 2017/18 Other Imports 2019/20 34 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook World Rapeseed Meal Net Trade Million Metric Tons 6 4 2 0 -2 -4 -6 2001/02 2003/04 Canada 2005/06 2007/08 Ukraine India 2009/10 2011/12 Other Exports 2013/14 China 2015/16 U.S. 2017/18 2019/20 Other Imports World Rapeseed Oil Net Trade Million Metric Tons 3.0 2.0 1.0 0.0 -1.0 -2.0 -3.0 2001/02 2003/04 2005/06 2007/08 Australia Canada Ukraine 2009/10 2011/12 Other Exports China 2013/14 EU 2015/16 U.S. 2017/18 Other Imports 2019/20 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 35 World Sunflower Area Harvested and Price Million Hectares Dollars per Metric Ton 30 800 700 25 600 20 500 400 15 300 10 200 5 100 0 0 2001/02 2003/04 2005/06 2007/08 2009/10 2011/12 Argentina EU Ukraine Sunflower Price, CIF Lower Rhine 2013/14 2015/16 2017/18 2019/20 China Other CIS Other World Sunflower Net Trade Million Metric Tons 2 1 0 -1 -2 2001/02 2003/04 2005/06 Argentina 2007/08 Other CIS 2009/10 Ukraine 2011/12 2013/14 Other Exports EU 2015/16 2017/18 Other Imports 2019/20 36 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook World Sunflower Meal Net Trade Million Metric Tons 6 4 2 0 -2 -4 -6 2001/02 2003/04 2005/06 Argentina 2007/08 Other CIS 2009/10 Ukraine 2011/12 2013/14 Other Exports 2015/16 EU 2017/18 2019/20 Other Imports World Sunflower Oil Net Trade Million Metric Tons 6 4 2 0 -2 -4 -6 2001/02 2003/04 Argentina 2005/06 Other CIS 2007/08 2009/10 Ukraine 2011/12 Other Exports 2013/14 China 2015/16 EU 2017/18 Other Imports 2019/20 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 37 World Palm Oil Net Trade and Price Million Metric Tons Dollars per Metric Ton 60 1,200 40 1,000 20 800 0 600 -20 400 -40 200 -60 0 2001/02 2003/04 2005/06 2007/08 Indonesia China Other Imports 2009/10 2011/12 2013/14 Malaysia EU Palm Oil Price, CIF Rotterdam 2015/16 2017/18 2019/20 Other Exports India World Peanut Area Harvested and Price Dollars per Metric Ton Million Hectares 30 2,000 25 1,600 20 1,200 15 800 10 400 5 0 0 2001/02 2003/04 Argentina 2005/06 China 2007/08 India 2009/10 U.S. 2011/12 Other 2013/14 2015/16 2017/18 2019/20 Peanut Price, U.S. Runners 40/50, CIF Rotterdam 38 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook World Cotton Consumption Million Metric Tons 35 30 25 20 15 10 5 0 1999/00 2001/02 2003/04 Asia 2005/06 CIS 2007/08 2009/10 Latin America 2011/12 N. America 2013/14 Africa 2015/16 2017/18 2019/20 ROW World Cotton Stocks-to-Use Ratio Versus Price Dollars per Pound Percent 1.00 100 0.80 80 0.60 60 0.40 40 0.20 20 0.00 0 1999/00 2001/02 2003/04 2005/06 2007/08 2009/10 A-Index Far East 2011/12 2013/14 Stocks-to-Use 2015/16 2017/18 2019/20 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 39 Major Sugar Net Exporters and World Raw Sugar Price Million Metric Tons Dollars per Metric Ton 50 640 560 40 480 400 30 320 20 240 160 10 80 0 0 1999/00 2001/02 Australia 2003/04 2005/06 Brazil 2007/08 Colombia 2009/10 2011/12 2013/14 Guatemala 2015/16 Thailand 2017/18 2019/20 FOB Caribbean Price Major Sugar Net Importers Million Metric Tons 16 12 8 4 0 -4 -8 1999/00 2001/02 2003/04 2005/06 Canada China 2007/08 EU 2009/10 Indonesia 2011/12 Russia 2013/14 2015/16 United States 2017/18 2019/20 40 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook World Ethanol Price and Net Trade Million gallons Dollars per gallon 5,000 2.00 4,000 1.80 3,000 1.60 2,000 1.40 1,000 1.20 0 1.00 2006 2007 2008 2009 2010 2011 2012 Net Exports 2013 2014 2015 2016 2017 2018 2019 Anhydrous Ethanol Price, Brazil * * Represents world ethanol price. World Biodiesel Price and Net Trade Million gallons Dollars per gallon 800 8.0 600 6.0 400 4.0 200 2.0 0 0.0 2006 2007 2008 2009 2010 2011 Net Trade * Represents world biodiesel price. 2012 2013 2014 2015 2016 Central Europe FOB Price * 2017 2018 2019 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 41 World Meat Production and Trade Million Metric Tons Million Metric Tons 10 300 250 8 200 6 150 4 100 2 50 1999 2001 2003 2005 2007 2009 2011 2013 2015 Beef Production Pork Production Poultry Production Beef Trade (tmt) Pork Trade (tmt) Poultry Trade (tmt) 2017 0 2019 Per Capita Meat Consumption Kilograms per Person 35 30 25 20 15 10 5 0 1999 2001 2003 2005 2007 Beef 2009 Pork 2011 Poultry 2013 2015 2017 2019 42 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook Major Beef Importing Countries Million Metric Tons to MMT in scale option per Jay 3/25/2010 4 usands 3 2 1 0 -1 1999 2001 China 2003 2005 Japan Russia 2007 2009 Mexico 2011 South Korea 2013 Egypt 2015 2017 Philippines Beef Export Market Share* Percent 60 50 40 30 20 10 0 Australia * Based on net exports. Brazil New Zealand 2005/2009 2010/2014 India 2015/2019 Argentina Canada 2019 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 43 Major Pork Importing Countries Million Metric Tons to MMT in scale option per Jay 3/25/2010 4 usands 3 2 1 0 -1 1999 2001 2003 2005 China 2007 Japan Russia 2009 2011 Hong Kong 2013 Mexico 2015 2017 Philippines Pork Export Market Share* Percent 60 50 40 30 20 10 0 EU * Based on net exports. Canada 2005/2009 U.S. 2010/2014 2015/2019 Brazil 2019 44 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook Major Broiler Importing Countries Million Metric Tons to MMT in scale option per Jay 3/25/2010 4 usands 3 2 1 0 -1 1999 2001 2003 2005 2007 China Japan Russia 2009 Hong Kong 2011 2013 Saudi Arabia 2015 2017 Mexico Broiler Export Market Share* Percent 60 50 40 30 20 10 0 U.S. * Based on net exports. Australia 2005/2009 Brazil 2010/2014 2015/2019 Thailand 2019 Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 45 Butter Net Exports for Selected Countries Million Metric Tons 2.0 TMT to MMT in scale option per Jay 3/25/2010 art from ay units: Thousands 1.5 1.0 0.5 0.0 -0.5 -1.0 -1.5 -2.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Australia EU New Zealand Other Exports Asia Egypt Mexico Russia Other Imports Cheese Net Exports for Selected Countries Million Metric Tons 2.0 TMT to MMT in scale option per Jay 3/25/2010 art from ay units: Thousands 1.5 1.0 0.5 0.0 -0.5 -1.0 -1.5 -2.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Australia Argentina EU New Zealand Japan Russia United States Other Imports Ukraine Other Exports 46 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook NFD Trade for Selected Countries Million Metric Tons 2.0 TMT to MMT in scale option per Jay 3/25/2010 art from ay units: Thousands 1.5 1.0 0.5 0.0 -0.5 -1.0 -1.5 -2.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Australia EU New Zealand U.S. Mexico Philippines Thailand Other Imports Other Exports Indonesia WMP Trade for Selected Countries Million Metric Tons 2.0 TMT to MMT in scale option per Jay 3/25/2010 art from ay units: Thousands 1.5 1.0 0.5 0.0 -0.5 -1.0 -1.5 -2.0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Argentina Australia EU New Zealand Asia Saudi Arabia Venezuela Other Imports Other Exports Algeria Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 47 Commodity Price Projections 09/10 10/11 11/12 12/13 U.S. FOB Gulf 216 201 208 212 216 215 219 222 222 225 223 Canadian Wheat Board 200 189 195 198 201 200 203 205 206 208 206 Wheat 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (U.S. Dollars per Metric Ton) AWB Limited Export Quote 199 186 191 194 198 198 201 203 204 206 204 European Union Market 157 191 194 189 193 188 186 195 192 190 201 Rice FOB U.S. Houston 532 425 422 424 424 426 427 423 432 437 451 World Reference Price* 538 405 401 404 403 405 406 402 411 415 429 Corn FOB U.S. Gulf 163 168 170 171 173 175 177 177 178 178 176 CIF Rotterdam 197 200 203 205 207 209 211 211 212 212 210 135 132 143 135 137 139 143 142 143 144 148 169 172 172 174 176 178 181 182 184 186 183 Illinois Processor 362 338 357 359 365 371 375 379 384 388 390 CIF Rotterdam 408 382 404 408 414 422 427 431 437 440 442 FOB Decatur 48% 322 300 307 308 312 315 316 316 317 317 318 CIF Rotterdam 377 351 359 361 365 369 369 370 371 371 372 Barley Canada Feed Sorghum FOB U.S. Gulf Soybeans Soybean Meal Soybean Oil FOB Decatur 812 798 856 870 879 896 921 945 966 984 995 FOB Rotterdam 915 900 963 979 989 1,008 1,035 1,061 1,085 1,105 1,117 Rapeseed CIF Hamburg 397 409 410 415 419 421 426 435 443 450 450 Cash Vancouver 386 398 399 404 407 410 414 423 430 437 436 191 187 184 189 193 194 197 199 200 200 201 952 985 1,016 1,032 1,036 1,045 1,066 1,104 1,136 1,165 1,172 401 422 420 429 428 430 439 443 448 451 451 181 188 184 190 188 188 188 187 185 184 183 951 996 1,025 1,046 1,057 1,076 1,105 1,131 1,156 1,178 1,193 696 716 749 776 799 824 851 877 904 931 957 117 128 130 131 130 129 128 127 125 123 121 750 794 832 864 891 920 950 981 1,012 1,043 1,071 Rapeseed Meal FOB Hamburg Rapeseed Oil FOB Hamburg Sunflower CIF Lower Rhine Sunflower Meal CIF Rotterdam Sunflower Oil FOB NW Europe Palm Oil CIF Rotterdam Palm Kernel Meal CIF Rotterdam Palm Kernel Oil CIF Rotterdam * Historically equal to the Thai 100% B. However, for the projection period, this price equilibrates net trade and no longer corresponds to Thai 100% B. Current Thai policies on domestic price, government storage, and government-to-government exports have limited its usefulness as a reference price. 48 / Charts and Price Projections: FAPRI 2010 Agricultural Outlook Commodity Price Projections (continued) 09/10 10/11 11/12 12/13 1,168 1,142 1,160 1,181 1,194 1,209 138 129 129 130 131 1,159 1,232 1,267 1,300 1,323 FOB Caribbean (raw) 420 430 434 434 431 440 448 449 451 450 457 New York Spot (raw) 647 552 543 553 553 556 565 565 566 567 566 Cotlook A Index 1,633 1,605 1,619 1,632 1,644 1,679 1,707 1,733 1,753 1,770 1,790 U.S. Farm 1,330 1,283 1,294 1,307 1,323 1,352 1,379 1,403 1,421 1,438 1,455 Peanut, U.S. Runners 40/50 CIF Rotterdam 13/14 14/15 15/16 16/17 17/18 18/19 19/20 1,225 1,239 1,249 1,263 1,269 130 130 129 128 127 125 1,352 1,387 1,421 1,451 1,485 1,509 (U.S. Dollars per Metric Ton) Peanut Meal 48/50%, Southeast Mills FOB Peanut Oil CIF Rotterdam Sugar Cotton Charts and Price Projections: FAPRI 2010 Agricultural Outlook / 49 Commodity Price Projections (continued) 2009 2010 2011 2012 Anhydrous Ethanol Price, Brazil † 1.60 1.61 1.46 1.53 1.52 1.54 Ethanol, FOB Omaha 1.79 1.74 1.77 1.78 1.79 1.83 Central Europe FOB Price † 3.89 4.14 4.40 4.61 4.75 Biodiesel Plant 3.50 3.67 3.75 3.94 3.99 Ethanol 2013 2014 2015 2016 2017 2018 2019 1.57 1.67 1.69 1.74 1.74 1.89 1.92 1.92 1.93 1.93 4.74 4.83 4.98 5.18 5.39 5.58 4.01 4.10 4.22 4.32 4.41 4.41 (U.S. Dollars per Gallon) Biodiesel Beef (U.S. Dollars per Metric Ton) Nebraska Direct Fed-Steer 1,823 1,936 2,107 2,229 2,258 2,261 2,246 2,232 2,223 2,222 2,219 U.S. Retail 9,391 9,820 10,431 10,999 11,329 11,438 11,427 11,390 11,375 11,370 11,365 Steer Price, Alberta 1,796 1,815 1,985 2,105 2,134 2,139 2,127 2,115 2,104 2,103 2,100 Australian Export (CIF U.S.) 2,451 2,454 2,539 2,582 2,594 2,597 2,592 2,588 2,586 2,587 2,588 9,182 20,040 11,096 19,322 11,026 17,974 11,427 17,627 11,797 17,405 11,957 17,210 12,170 17,246 12,380 17,342 12,535 17,391 12,702 17,487 12,851 17,548 Japanese Farm Dairy beef Wagyu beef Pork Barrows and Gilts National Base 909 1,056 1,185 1,233 1,178 1,135 1,108 1,093 1,113 1,152 1,189 U.S. Retail 51-52% Lean Equivalent 6,437 6,732 7,131 7,415 7,401 7,362 7,321 7,305 7,469 7,712 7,990 Ontario Hogs Index 1,167 1,306 1,482 1,545 1,469 1,411 1,379 1,360 1,386 1,439 1,490 Japanese Wholesale 4,497 5,080 5,363 5,511 5,400 5,283 5,236 5,227 5,303 5,427 5,536 U.S. 12-City Wholesale 1,711 1,717 1,770 1,823 1,850 1,878 1,910 1,939 1,964 1,994 2,018 U.S. Retail EU Producer Japanese Wholesale 3,924 2,021 2,486 4,014 1,826 2,433 4,152 1,907 2,512 4,298 2,005 2,597 4,404 2,032 2,662 4,491 2,005 2,723 4,574 2,038 2,787 4,643 2,082 2,846 4,702 2,122 2,895 4,766 2,162 2,950 4,819 2,207 2,993 Chicken Turkey U.S. Wholesale 1,760 1,825 1,891 1,940 1,958 1,983 2,007 2,022 2,037 2,066 2,096 U.S. Retail 3,078 3,223 3,279 3,332 3,379 3,426 3,474 3,507 3,533 3,565 3,598 Milk U.S. All Milk 282 363 379 383 388 392 399 404 407 411 415 Canadian Fluid Milk 701 724 742 771 786 791 778 786 809 826 841 Australian Average Milk 277 322 323 329 334 338 342 347 351 356 362 Cheese FOB Northern Europe 3,535 3,682 3,715 3,787 3,843 3,880 3,923 3,980 4,026 4,085 4,147 U.S. Wholesale 2,857 3,714 3,814 3,838 3,871 3,908 3,963 4,005 4,027 4,054 4,085 Canadian Wholesale 8,781 9,171 9,384 9,711 9,877 9,899 9,717 9,780 10,037 10,214 10,373 Australian Export 2,958 3,423 3,480 3,546 3,598 3,641 3,699 3,770 3,839 3,912 3,997 Butter FOB Northern Europe 3,400 3,464 3,366 3,250 3,120 3,046 3,091 3,138 3,182 3,227 3,272 U.S. Wholesale 2,740 3,027 3,216 3,214 3,200 3,226 3,294 3,345 3,391 3,442 3,483 Australian Export 2,348 2,802 2,804 2,815 2,807 2,827 2,878 2,915 2,972 3,046 3,127 Nonfat Dry Milk FOB Northern Europe 2,476 2,819 2,866 2,975 3,064 3,145 3,209 3,268 3,310 3,359 3,427 U.S. Wholesale 2,190 2,709 2,826 2,934 3,009 3,069 3,115 3,165 3,199 3,248 3,303 Australian Export 2,278 2,682 2,775 2,898 2,982 3,051 3,102 3,158 3,198 3,254 3,319 Whole Milk Powder FOB Northern Europe 2,825 3,056 3,074 3,129 3,179 3,246 3,302 3,367 3,404 3,456 3,540 Australian Export 2,418 2,842 2,885 2,960 3,022 3,081 3,130 3,196 3,238 3,301 3,375 † Represents world price. BASELINE ASSUMPTIONS 52 / Baseline Assumptions: FAPRI 2010 Agricultural Outlook World Macroeconomic Assumptions Macroeconomic projections used in the 2010 FAPRI baseline were obtained from IHS Global Insight. The slowdown in the world economy in 2009 proved to be deeper and more widespread than originally anticipated, with an annual rate of real GDP growth of -1.9%. However, recovery is projected to begin in 2010, with long-term real GDP growth of 3.3% reached by 2011. With the recovery primarily driven by a fiscal and monetary stimulus and inventory adjustment, its sustainability centers on how quickly and robustly confidence is restored and the employment picture is improved, leading to transition into private consumption and investment demand for medium- to longer-term growth. Also, the economic recovery is accompanied by stronger energy prices of $94.2 per barrel in 2019, a cost pressure that might take some of the steam off the growth momentum. The U.S., where housing and financial market stress originated, and its closely linked developed country economic partners, such as Japan, the EU, and Canada, show the greatest impacts of the economic crisis, with an economic slowdown in 2009 of -2.51%, -5.4%, -4.1%, and -2.5%, respectively. The contagion effect in Mexico is even worse at -6.9% because of its high trade dependence with the U.S., especially in manufacturing exports. Entering the crisis period in good economic shape, Asian economies withstood the economic crisis, posting positive growth in 2009 (e.g., China at 8.5% and India at 6.4%), and thus they lead the world economic recovery with their aggressive fiscal and monetary policies in support of stimulus spending, quick resumption of capital inflows, and industrial growth momentum after inventory adjustments. Improved macroeconomic frameworks, lower debt exposure, and larger reserves enabled Latin American and Caribbean countries to respond with appropriate policy initiatives to support economic activity and cushion the impact of the economic slowdown. Latin America’s increasing economic link with Asia may speed up its turnaround. This region’s price inflation is still among the highest, particularly in Argentina and Venezuela. With both the housing and labor markets still weak in the EU-15, recovery in the rest of the EU will be sluggish, as capital inflows will be constrained. After depreciating in 2009, most currencies of EU members experience real appreciation against the U.S. dollar. After a decade-long run of high and sustained growth in the CIS, Russia and Ukraine post deep slowdowns at -8.0% and -14.5%, respectively. The rest of the CIS, especially the low-income, non-oil-exporting countries, follow the path of these major regional players as their export earnings and remittances depend on their economies. Strengthening of commodity prices is a bright prospect for future growth. The ruble in Russia and the hryvnia in Ukraine depreciated significantly in 2009, but they strengthen in real terms against the U.S. dollar thereafter. Projected price inflation is much lower than in previous periods and remains moderate. Recent sound policy reforms help economies in Africa respond to alleviate the impact of the economic crisis, and stronger commodity prices give a positive outlook for Africa’s economy in the next decade, including GDP growth of 4.6%. Most currencies in the region are stable relative to the U.S. dollar, and price inflation is moderate. Initiatives to diversify into the non-oil sector (e.g., real estate) by countries in the Middle East became the channel of the contagion effects of the economic slowdown. However, improving oil prices give promising growth prospects in this region. Baseline Assumptions: FAPRI 2010 Agricultural Outlook / 53 Real GDP Growth Proje ections 2009 2010 2011 2012 2013 2014 2015 World -1.9 2.9 3.3 3.9 3.7 3.7 3.5 Developed Market Economies 2016 2017 2018 2019 3.4 3.3 3.3 3.3 2.1 (Percentage Change from Previous Year) -3.5 1.8 2.1 2.9 2.6 2.6 2.3 2.2 2.0 2.1 Australia 0.9 3.0 2.7 2.9 3.4 3.2 3.3 3.2 2.8 2.8 2.7 Canada -2.5 2.5 3.5 3.6 3.3 2.9 2.6 2.4 2.3 2.3 2.3 European Union -4.1 1.1 1.6 2.0 2.2 2.4 2.1 2.0 2.0 2.0 2.0 Japan -5.4 0.8 1.5 2.3 2.3 2.2 2.1 1.5 0.9 0.7 0.6 New Zealand -0.7 2.4 2.2 3.1 3.0 2.8 2.7 2.6 2.4 2.7 2.6 United States -2.5 2.6 2.7 3.8 2.9 2.8 2.6 2.5 2.5 2.6 2.7 Developing Market Economies 1.6 5.4 5.7 5.9 5.7 5.7 5.6 5.5 5.3 5.2 5.1 Africa 2.2 4.0 4.5 4.8 4.8 4.7 4.6 4.5 4.4 4.5 4.5 Algeria 2.0 3.1 3.5 3.6 3.6 3.6 3.2 2.9 2.5 2.4 2.3 Egypt 4.7 5.0 5.0 4.5 4.2 4.0 4.0 4.0 4.0 4.0 3.9 Nigeria 4.5 5.0 5.4 5.7 5.6 5.6 5.4 5.9 5.7 5.4 5.6 -1.8 2.4 3.3 4.5 4.4 4.3 4.6 4.5 4.7 5.2 5.4 3.1 4.2 4.6 5.2 5.9 5.5 5.0 4.7 4.6 4.5 4.4 0.4 4.6 4.6 5.1 5.1 5.1 5.0 4.8 4.5 4.4 4.3 8.5 9.9 8.5 8.5 8.6 8.8 8.5 8.2 7.8 7.6 7.4 -2.5 4.2 5.5 5.1 4.6 4.4 4.1 3.9 3.8 3.8 3.8 6.4 7.5 7.7 7.8 7.5 7.4 7.4 7.3 7.0 6.5 6.1 Indonesia 4.4 5.5 5.2 5.6 5.2 4.9 4.9 4.9 4.7 4.2 4.0 Malaysia -2.0 5.2 4.8 5.3 5.7 5.5 5.4 5.2 5.1 5.0 4.8 Pakistan 3.7 4.1 3.5 3.9 4.6 4.5 4.6 4.5 4.5 4.2 4.1 Philippines 1.6 3.5 4.5 4.8 4.7 4.7 4.7 4.7 4.6 4.5 4.7 South Korea 0.1 4.1 3.2 4.3 3.9 3.7 3.6 3.6 3.5 3.4 3.3 Taiwan -2.7 4.4 5.7 5.2 4.7 4.4 4.2 3.9 3.7 3.6 3.5 Thailand -3.0 5.4 4.1 4.6 4.4 4.7 4.9 4.8 4.7 4.5 4.3 Vietnam 5.3 6.5 6.1 7.1 6.8 6.4 7.3 7.2 7.1 6.8 6.6 -6.5 2.6 4.2 4.8 3.6 3.7 3.6 3.5 3.3 3.2 3.2 Russia -8.0 1.9 3.9 4.6 3.1 3.2 3.3 3.2 3.1 3.0 3.1 Ukraine -14.6 2.1 6.3 7.5 6.2 5.4 4.6 4.5 4.5 4.4 4.4 -3.3 1.2 3.0 4.6 4.4 4.4 4.2 4.0 3.8 3.8 3.6 South Africa Tunisia Asia China Hong Kong India Commonwealth of Independent States European Union-New Member States Bulgaria -4.2 1.1 2.8 4.5 4.4 4.6 5.0 4.9 4.7 4.6 4.5 Czech Republic -5.0 1.4 3.8 4.0 3.9 3.8 3.8 3.8 3.7 3.6 3.6 Hungary -6.5 0.1 2.0 3.3 4.4 4.4 4.5 3.2 2.7 2.5 2.6 1.7 2.0 3.1 5.2 4.4 4.3 4.1 4.0 3.9 3.9 3.6 -7.0 1.0 3.8 4.3 3.8 3.7 3.7 3.7 3.7 3.7 3.7 Poland Romania Latin America -2.2 3.3 4.3 4.4 4.2 4.2 4.1 4.1 4.1 4.0 4.0 Argentina -0.3 1.5 4.1 4.2 4.1 3.9 3.8 3.8 3.7 3.7 3.6 Brazil -0.4 4.9 5.6 5.3 4.7 4.5 4.2 4.2 4.2 4.1 4.1 Colombia -0.1 2.1 3.2 3.8 3.8 3.7 3.8 3.8 3.7 3.6 3.5 Mexico -6.9 3.5 3.2 3.5 3.8 3.9 4.1 4.1 4.2 4.2 4.2 Paraguay -3.5 2.4 2.9 3.5 3.2 3.1 3.1 3.1 3.0 2.9 2.9 Uruguay 1.8 4.1 4.7 3.5 3.3 3.3 3.3 3.3 3.3 3.3 3.3 Venezuela -1.8 -0.8 3.5 3.2 3.6 3.2 3.2 3.0 3.3 3.5 3.7 Middle East -1.3 3.5 5.3 4.9 4.3 4.4 4.4 4.2 4.0 3.9 3.7 -4.2 3.2 5.4 4.4 3.4 4.0 4.3 4.1 3.7 3.6 3.4 Israel 0.4 2.2 4.8 5.2 5.1 4.9 4.8 4.7 4.7 4.6 4.5 Saudi Arabia 0.5 2.6 4.7 5.3 5.0 4.6 4.5 4.3 4.0 3.9 3.6 59.4 63.3 71.8 77.4 81.1 87.9 91.5 93.5 94.9 94.2 Iran (Dollars per Barrel) Price Refiner Acquisition Cost of Crude Oil 84.2 December 2009, and projections after 2009 are from IHS Global Insight. Source: International Financial Statistics De 54 / Baseline Assumptions: FAPRI 2010 Agricultural Outlook GDP Deflator Growth P Projections 2009 2010 2011 Australia -0.4 3.1 2.9 3.0 2.7 2.6 2.7 Canada -2.0 2.4 2.2 2.4 2.2 2.0 1.8 European Union -0.3 1.8 2.6 2.7 2.7 1.7 Japan Developed Market Economies 2012 2013 2014 2015 2016 2017 2018 2019 2.7 2.6 2.4 2.3 1.7 1.8 1.7 1.7 1.7 1.9 1.9 1.8 1.9 (Percentage Change from Previous Year) -0.4 0.5 0.6 0.6 0.6 0.6 1.2 1.5 1.6 1.5 1.5 New Zealand 2.2 2.4 2.3 2.8 2.6 2.5 2.5 2.5 2.5 2.5 2.4 United States 1.2 1.0 1.6 1.5 1.8 1.8 1.9 1.8 1.9 1.9 1.8 Developing Market Economies Africa Algeria -0.2 3.1 4.3 4.5 5.3 4.5 4.2 2.5 2.3 2.2 2.1 Egypt 10.8 12.4 8.1 2.9 3.1 3.1 2.9 2.9 2.8 2.8 2.8 Nigeria -1.3 10.4 7.7 5.4 5.1 6.8 7.8 6.6 5.7 6.4 5.8 South Africa 9.6 7.3 4.7 5.0 6.2 5.6 6.2 6.0 5.6 5.7 5.7 Tunisia 2.1 2.7 4.0 3.9 2.9 2.8 2.4 1.9 1.8 1.6 1.4 Asia -1.3 0.3 2.5 2.9 3.1 3.5 3.7 3.8 3.7 3.6 3.5 Hong Kong 0.9 1.7 2.3 2.5 2.6 2.3 2.2 2.2 2.3 2.2 2.1 India 4.0 4.4 4.6 5.0 4.8 4.6 4.6 4.7 4.7 4.7 4.7 Indonesia 6.6 5.1 5.7 5.7 5.1 4.9 4.8 4.9 4.8 4.7 4.6 Malaysia -6.5 4.0 3.9 3.8 3.7 3.6 3.5 3.4 3.4 3.4 3.4 Pakistan China 22.7 13.0 7.3 5.9 6.1 7.3 7.1 7.1 7.0 6.8 6.7 Philippines 7.0 1.4 3.3 5.1 5.1 5.3 5.4 5.5 5.5 5.5 5.3 South Korea 3.7 4.0 3.4 3.0 4.1 2.8 2.2 2.0 2.0 2.1 2.2 Taiwan 1.7 1.5 2.2 2.5 2.6 2.6 2.6 2.7 2.7 2.6 2.6 Thailand 1.8 3.5 4.2 4.4 3.5 3.2 3.3 3.4 3.4 3.4 3.3 Vietnam 6.2 8.5 7.0 6.5 6.6 6.3 6.1 6.0 5.9 5.7 5.6 Commonwealth of Independent States Russia 1.8 6.9 7.4 3.8 5.3 4.8 4.3 4.0 3.6 3.2 3.0 Ukraine 11.6 11.1 7.8 8.5 8.3 7.5 6.8 6.7 6.0 5.4 4.9 European Union-New Member States -8.9 2.0 3.2 2.5 2.7 3.1 2.7 2.5 2.4 2.4 2.3 Bulgaria 3.3 1.7 3.3 2.8 2.5 2.0 2.0 2.0 2.0 1.9 1.9 Czech Republic 2.5 1.3 2.6 2.8 2.6 2.6 2.7 2.9 2.9 2.9 2.7 Hungary 4.5 2.1 4.2 2.6 2.8 2.7 2.8 2.9 2.7 2.5 2.4 Poland 3.7 1.4 2.8 2.6 2.6 2.5 2.5 2.2 2.2 2.2 2.1 Romania 7.1 4.0 3.6 3.4 2.3 3.0 2.9 2.8 2.7 2.6 2.7 Latin America Argentina 10.0 11.2 8.2 8.0 7.4 7.0 6.6 6.5 6.5 6.2 5.9 Brazil 4.5 4.1 3.7 3.7 3.7 3.6 3.6 3.6 3.4 3.4 3.3 Colombia 3.2 0.9 3.8 4.4 4.6 4.7 4.7 4.6 4.5 4.5 4.4 Mexico 2.7 2.9 2.2 3.5 3.4 3.3 3.3 3.4 3.4 3.4 3.4 Paraguay 4.7 5.1 5.0 4.9 4.8 4.8 4.7 4.6 4.5 4.5 4.4 Uruguay 6.2 5.9 5.6 5.2 4.9 4.4 4.1 3.8 3.8 3.8 3.8 21.6 23.0 14.5 15.5 13.7 12.4 10.1 7.1 5.8 6.4 6.4 -10.2 16.7 17.6 15.4 13.7 13.9 13.9 13.8 13.6 13.2 12.9 5.5 -5.0 2.2 4.0 2.9 2.8 3.0 3.2 3.3 3.3 3.2 -16.8 5.0 7.7 5.7 3.0 3.4 3.5 3.3 2.5 2.2 2.1 Venezuela Middle East Iran Israel Saudi Arabia Source: International Financial Statistics De December 2009, and projections after 2009 are from IHS Global Insight. Baseline Assumptions: FAPRI 2010 Agricultural Outlook / 55 Exchange Rate* Growtth Projections 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Australia 10.6 -13.6 5.9 -1.8 0.3 0.4 0.3 0.4 0.4 0.5 0.5 Canada 8.7 -3.2 -0.8 -2.0 -0.2 1.3 3.4 0.9 -1.1 -0.2 0.0 (Percentage Change from Previous Year) Developed Market Economies 6.7 -0.2 -3.8 -4.4 -0.6 2.9 -0.5 -1.3 -1.3 -1.3 -1.3 Japan -8.7 -4.9 2.1 -1.8 -2.0 0.6 0.3 -0.1 0.0 0.0 0.0 New Zealand 15.5 -13.5 8.1 2.1 0.1 0.5 0.5 0.4 0.4 0.4 0.5 European Union † Developing Market Economies Africa Algeria 12.6 1.4 -0.2 -2.7 -1.5 -0.8 -0.5 0.3 0.0 0.0 0.0 Egypt 2.9 -1.7 -0.7 -0.4 -0.2 -0.1 -0.1 1.4 1.1 1.2 1.1 24.1 6.5 -1.2 -3.0 -2.8 4.1 7.6 4.1 2.8 6.1 5.6 4.9 -13.1 4.3 4.4 4.1 3.9 3.3 3.2 3.2 3.2 3.2 10.5 -1.3 -1.5 -2.8 -0.7 -0.6 -1.3 -1.3 -1.3 -1.3 -1.3 China -1.7 -1.2 -3.7 -4.4 -4.3 -3.6 -2.3 -1.5 -1.3 -1.1 -1.1 Hong Kong -0.4 0.1 -0.1 0.1 0.1 -0.1 -0.1 0.1 0.0 -0.1 0.0 India 12.1 -6.0 -2.4 -0.9 0.9 0.5 0.4 0.4 0.5 0.4 0.4 Indonesia 9.1 -9.7 0.6 1.4 2.1 1.6 1.4 1.4 1.4 1.3 1.3 Malaysia 6.4 -3.4 -0.9 -0.7 -0.5 -0.3 -0.2 -0.2 -0.1 -0.1 -0.1 Pakistan 15.4 8.2 6.0 5.4 4.9 4.1 4.2 4.2 4.1 4.0 3.9 7.9 -2.4 0.7 0.5 1.5 1.4 1.4 1.4 1.5 1.6 1.7 Nigeria South Africa Tunisia Asia Philippines 17.9 -13.0 -9.0 -3.3 0.1 0.2 0.2 0.2 0.2 0.1 0.1 Taiwan 0.0 -4.3 -3.2 -4.6 -2.4 -2.5 -2.0 -2.3 -1.2 -1.2 -1.4 Thailand 3.6 -3.0 0.7 -0.5 1.2 1.0 0.9 0.9 1.0 1.0 1.0 Vietnam 4.0 5.8 6.9 3.8 3.3 2.8 2.7 2.7 2.6 2.5 2.4 Russia 29.5 -3.5 2.1 2.4 2.3 2.0 1.3 1.0 0.9 0.8 0.6 Ukraine 47.2 0.5 -3.7 -1.8 -1.8 -1.9 -1.9 -0.9 -1.0 -0.1 -0.1 South Korea Commonwealth of Independent States European Union-New Member States 6.4 -0.1 -3.8 -4.4 -0.6 2.9 -0.5 -1.3 -1.3 -1.3 -1.3 Czech Republic 13.4 -0.2 -3.8 -4.4 -0.6 2.9 -0.5 -1.3 -1.3 -1.3 -1.3 Hungary 19.7 -0.2 -3.8 -4.4 -0.6 2.9 -0.5 -1.3 -1.3 -1.3 -1.3 Poland 33.6 -0.2 -3.8 -4.4 -0.6 2.9 -0.5 -1.3 -1.3 -1.3 -1.3 Romania 22.4 -3.6 -5.1 -3.2 -2.1 -1.1 -1.3 -1.3 -1.3 -1.3 -1.3 Bulgaria Latin America Argentina 17.5 9.2 7.4 5.1 4.2 4.5 4.4 4.0 4.6 5.3 4.8 Brazil 11.9 -11.3 5.3 5.4 4.5 3.8 3.7 3.3 3.2 3.1 2.8 Colombia 11.9 -8.8 3.2 3.3 3.2 2.9 2.4 2.0 2.0 3.5 3.7 Mexico 22.4 -5.8 0.7 1.5 1.9 2.2 2.0 0.7 0.7 0.7 0.7 Paraguay 14.8 -10.1 -4.5 9.0 7.0 5.2 4.9 4.9 4.9 4.9 5.0 Uruguay 10.1 -3.6 4.2 4.2 4.2 4.2 4.2 4.2 4.2 4.1 4.1 0.0 25.3 29.5 16.5 12.3 10.3 9.4 10.5 10.0 9.6 9.3 Venezuela Middle East Iran Israel Saudi Arabia 4.5 1.7 4.8 7.1 10.4 11.4 11.6 11.6 11.4 11.1 10.9 10.4 -2.4 -0.6 -1.7 -0.3 1.5 2.0 2.2 2.1 2.0 2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 December 2009, and projections after 2009 are from IHS Global Insight. Source: International Financial Statistics De * In local currency per U.S. dollar. † Not all European Union members have ad dopted the euro. 56 / Baseline Assumptions: FAPRI 2010 Agricultural Outlook Population Growth Pro ojections 2009 2010 2011 1.1 1.1 1.1 Developed Market Economies Australia Canada European Union Japan New Zealand United States 1.2 0.8 0.1 -0.2 0.9 1.0 1.2 0.8 0.1 -0.3 0.9 1.0 1.1 0.8 0.1 -0.3 0.9 1.0 1.1 0.8 0.1 -0.3 0.9 1.0 1.1 0.8 0.0 -0.4 0.8 1.0 1.1 0.8 0.0 -0.4 0.8 1.0 1.1 0.7 0.0 -0.4 0.8 1.0 Developing Market Economies Africa Algeria Egypt Nigeria South Africa Tunisia 2.3 1.2 2.0 2.0 0.1 1.0 2.3 1.2 2.0 2.0 -0.2 1.0 2.2 1.2 2.0 1.9 -0.4 1.0 2.2 1.2 1.9 1.9 -0.4 0.9 2.2 1.2 1.9 1.9 -0.5 0.9 2.2 1.1 1.8 1.8 -0.2 0.9 1.0 0.5 0.5 1.4 1.1 1.7 1.5 2.0 0.3 0.2 0.6 1.1 1.0 0.5 0.5 1.4 1.1 1.7 1.5 1.9 0.2 0.2 0.6 1.1 0.9 0.5 0.4 1.3 1.1 1.7 1.5 1.9 0.2 0.2 0.6 1.1 0.9 0.5 0.4 1.3 1.0 1.7 1.5 1.9 0.2 0.2 0.5 1.0 0.9 0.5 0.4 1.3 1.0 1.7 1.5 1.8 0.2 0.1 0.5 1.0 Commonwealth of Independent States Russia Ukraine -0.1 -0.5 -0.6 -0.1 -0.5 -0.6 -0.1 -0.5 -0.6 -0.1 -0.5 -0.6 European Union-New Member States Bulgaria Czech Republic Hungary Poland Romania -0.1 -0.8 -0.1 -0.3 0.0 -0.2 -0.1 -0.8 -0.1 -0.3 -0.1 -0.2 -0.1 -0.8 -0.1 -0.3 -0.1 -0.2 Latin America Argentina Brazil Colombia Mexico Paraguay Uruguay Venezuela 1.2 1.1 1.2 1.2 1.1 1.4 0.5 1.5 1.2 1.0 1.2 1.2 1.1 1.3 0.4 1.5 Middle East Iran Israel Saudi Arabia 1.7 0.9 1.7 1.8 1.6 1.0 1.6 1.7 World Asia China Hong Kong India Indonesia Malaysia Pakistan Philippines South Korea Taiwan Thailand Vietnam 2012 2016 2017 2018 2019 (Percentage Change from Previous Year) 1.1 1.0 1.0 1.0 1.0 1.0 1.0 0.9 1.0 0.7 0.0 -0.5 0.8 1.0 1.0 0.7 0.0 -0.5 0.8 1.0 1.0 0.7 0.0 -0.5 0.8 1.0 1.0 0.7 0.0 -0.6 0.7 0.9 2.2 1.1 1.8 1.8 0.1 0.9 2.1 1.1 1.7 1.8 0.1 0.9 2.1 1.0 1.7 1.7 0.1 0.8 2.1 1.0 1.7 1.7 0.1 0.8 2.1 1.0 1.6 1.7 0.1 0.8 0.9 0.4 0.4 1.2 1.0 1.6 1.4 1.8 0.2 0.1 0.5 1.0 0.9 0.4 0.3 1.2 0.9 1.6 1.4 1.8 0.1 0.1 0.5 1.0 0.8 0.4 0.3 1.2 0.9 1.6 1.4 1.7 0.1 0.1 0.4 0.9 0.8 0.3 0.3 1.2 0.9 1.6 1.4 1.7 0.1 0.1 0.4 0.9 0.8 0.3 0.2 1.1 0.9 1.6 1.4 1.7 0.1 0.0 0.4 0.9 0.8 0.3 0.2 1.1 0.9 1.5 1.3 1.6 0.1 0.0 0.4 0.8 -0.1 -0.5 -0.6 -0.1 -0.5 -0.6 -0.1 -0.5 -0.6 -0.1 -0.5 -0.7 -0.2 -0.6 -0.7 -0.2 -0.6 -0.7 -0.2 -0.6 -0.7 -0.1 -0.8 -0.1 -0.3 -0.1 -0.2 -0.1 -0.8 -0.2 -0.3 -0.1 -0.2 -0.1 -0.8 -0.2 -0.3 -0.1 -0.2 -0.2 -0.8 -0.2 -0.3 -0.1 -0.3 -0.2 -0.9 -0.2 -0.3 -0.2 -0.3 -0.2 -0.9 -0.2 -0.3 -0.2 -0.3 -0.2 -0.9 -0.3 -0.3 -0.2 -0.3 -0.2 -0.9 -0.3 -0.3 -0.2 -0.3 1.2 1.0 1.1 1.1 1.1 1.3 0.4 1.5 1.1 1.0 1.1 1.1 1.1 1.2 0.4 1.5 1.1 1.0 1.1 1.1 1.1 1.2 0.4 1.4 1.1 0.9 1.0 1.1 1.0 1.2 0.4 1.4 1.1 0.9 1.0 1.0 1.0 1.2 0.4 1.4 1.0 0.9 1.0 1.0 1.0 1.2 0.4 1.4 1.0 0.9 0.9 1.0 1.0 1.2 0.4 1.3 1.0 0.9 0.9 1.0 1.0 1.2 0.4 1.3 1.0 0.8 0.9 0.9 0.9 1.2 0.4 1.3 1.4 1.0 1.6 1.6 1.3 1.0 1.5 1.5 1.4 1.0 1.5 1.5 1.5 1.0 1.4 1.4 1.4 1.0 1.4 1.3 1.4 1.0 1.4 1.3 1.4 1.0 1.3 1.2 1.3 1.0 1.3 1.2 1.3 0.9 1.3 1.2 Source: U.S. Bureau of the Census Interna ational Data Base, December 31, 2009. 2013 2014 2015 58 / Baseline Assumptions: FAPRI 2010 Agricultural Outlook U.S. Program Provisions The baseline assumes provisions of the current farm bill, the Food, Conservation, and Energy Act (FCEA) of 2008. Farm bill provisions set to expire under current law are assumed to continue throughout the baseline. For several commodities, target prices and loan rates adjust in 2010. The percentage of base acreage eligible for direct payments adjusted in 2009 and is scheduled to adjust again in 2012. The baseline incorporates the Energy Independence and Security Act (EISA) of 2007. The EISA mandates minimum levels of biofuel use under the Renewable Fuel Standard (RFS2). The RFS2 regulations were finalized after the baseline was completed, but the baseline assumptions are generally consistent with the RFS2 rule. No more than 15 billion gallons of cornstarch-based ethanol can count toward the overall RFS2 mandate in 2015 and subsequent years. The baseline assumes that authority to waive the statutory cellulosic ethanol mandate is utilized, but all other mandates are enforced. The baseline assumes that biofuel tax credits and tariffs are extended when they would otherwise expire. This includes the biodiesel credit, which expired at the end of 2009 and had not yet been renewed at the time the baseline was prepared in January 2010. The statutory maximum enrollment in the CRP falls to 32 million acres in 2010, less than actual enrollment in recent years. Many CRP contracts are set to expire over the next several years. The baseline assumes that some of the expiring contracts are not renewed, so total CRP area falls to 30 million acres in 2012. Baseline Assumptions: FAPRI 2010 Agricultural Outlook / 59 U.S. Program Prov visions 09/10 10/11 11/12 12/13 13/14 14/15 Corn 0.28 0.28 0.28 0.28 0.28 0.28 Sorghum 0.35 0.35 0.35 0.35 0.35 0.35 Wheat 0.52 0.52 0.52 0.52 0.52 Soybeans 0.44 0.44 0.44 0.44 0.44 Rice 2.35 2.35 2.35 2.35 Cotton 6.67 6.67 6.67 6.67 6.67 6.67 Peanuts 1.80 1.80 1.80 1.80 1.80 1.80 Corn 1.95 1.95 1.95 1.95 1.95 Sorghum 1.95 1.95 1.95 1.95 1.95 Wheat 2.75 2.94 2.94 2.94 Soybeans 5.00 5.00 5.00 5.00 Rice 6.50 6.50 6.50 6.50 Cotton 52.00 52.00 52.00 52.00 52.00 52.00 Peanuts 17.75 17.75 17.75 17.75 17.75 17.75 Cane Loan Rate 18.25 18.50 18.75 18.75 18.75 Beet Loan Rate 23.45 23.77 24.09 24.09 24.09 Corn 2.63 2.63 2.63 2.63 2.63 2.63 Sorghum 2.57 2.63 2.63 2.63 2.63 2.63 Wheat 3.92 4.17 4.17 4.17 4.17 Soybeans 5.80 6.00 6.00 6.00 6.00 Rice 10.50 10.50 10.50 10.50 Cotton 71.25 71.25 71.25 71.25 71.25 71.25 Peanuts 24.75 24.75 24.75 24.75 24.75 24.75 33.78 31.18 30.50 30.00 30.00 15/16 16/17 17/18 18/19 19/20 0.28 0.28 0.28 0.28 0.28 0.35 0.35 0.35 0.35 0.35 0.52 0.52 0.52 0.52 0.52 0.52 0.44 0.44 0.44 0.44 0.44 0.44 2.35 2.35 2.35 2.35 6.67 6.67 6.67 6.67 6.67 1.80 1.80 1.80 1.80 1.80 1.95 1.95 1.95 1.95 1.95 1.95 1.95 1.95 1.95 1.95 1.95 1.95 2.94 2.94 2.94 2.94 2.94 2.94 2.94 5.00 5.00 5.00 5.00 5.00 5.00 5.00 6.50 6.50 6.50 6.50 52.00 52.00 52.00 52.00 52.00 17.75 17.75 17.75 17.75 17.75 18.75 18.75 18.75 18.75 18.75 18.75 24.09 24.09 24.09 24.09 24.09 24.09 2.63 2.63 2.63 2.63 2.63 2.63 2.63 2.63 2.63 2.63 4.17 4.17 4.17 4.17 4.17 4.17 6.00 6.00 6.00 6.00 6.00 6.00 10.50 10.50 10.50 10.50 71.25 71.25 71.25 71.25 71.25 24.75 24.75 24.75 24.75 24.75 30.00 30.00 30.00 30.00 30.00 (Dollars per Bushel) Direct Payment Rate (Dollars per Hundredweight) 2.35 2.35 2.35 (U.S. Cents per Pound) (Dollars per Bushel) Loan Rates (Dollars per Hundredweight) 6.50 6.50 6.50 (U.S. Cents per Pound) Target Prices (Dollars per Bushel) (Dollars per Hundredweight) 10.50 10.50 10.50 (U.S. Cents per Pound) (Million Acres) Conservation Reserve 30.00 60 / Baseline Assumptions: FAPRI 2010 Agricultural Outlook World Agricultural Policy Assumptions Major energy policies included in the baseline are the U.S. Energy Independence and Security Act (EISA) of 2007, the Renewable Energy Directive of the EU, fuel mandates and regulations for Argentina and Brazil, Indonesia’s newly implemented biodiesel consumption mandate, and producer incentives in Canada. In addition, new provisions in the Food, Conservation, and Energy Act of 2008—the 2008 farm bill—are included in this baseline. Provisions set to expire under both this farm bill and the EISA are assumed to continue throughout the baseline. Another policy change affecting trade in biofuels is the imposition by the EU of anti-dumping and countervailing duties on biodiesel (blends B20 and above) of U.S. origin. CAP reforms continue in the EU. The sugar reforms of the EU Common Market Organization, which were adopted in 2006, were successful in reducing sugar quota production through voluntary quota reductions and lower intervention prices. To date, in-quota sugar production has decreased by 5.8 million tons (white value), just under the 6 million ton target. Although sugar imports from least developed countries enter duty-free under Everything-but-Arms (EBA), the EU still maintains prohibitive duties on sugar imports from non-preferential countries. Most of the sugar beet produced over the quota is expected to be used in ethanol production. The EU’s Renewable Energy Directive has a goal of 20 percent share for renewable energy in total energy consumption, which includes a 10 percent minimum target for renewable energy consumed in transport. Part of this minimum target is to be met from biofuel use. Milk quotas in the EU increase by 1% every year between 2009/10 and 2013/14 and then are set to expire by April 2015. In rice, the EU intervention price mechanism is abolished for 2009/10. The international reference price for rice has been Thai 100% B; however, the current Thai domestic price insurance scheme and government storage policy has limited Thailand’s role as a residual supplier on the world market. Thai exports have increasingly been government-to-government without price transparency in the face of increased competition and downward price pressure from Vietnam rice exports. Consequently, the projected net trade clearing price generated in the international rice model is used as the world reference price in this baseline and is more likely to reflect the Vietnam 5% price. A number of countries introduced major policy changes. China eliminated export taxes on wheat, corn, and barley. Argentina reduced its export taxes on wheat and corn. Russia reduced its 2010 quota for poultry imports by 18%, to 781 tmt, and cut the allocation for pork by 11%. The outlook assumes recovery from the SPS shocks and trade restrictions in meat markets associated with BSE in North America, FMD in Latin America, especially Argentina, AI in Europe and Asia, and blue ear disease in China. Under the Uruguay Round Agreement on Agriculture, the commitment schedule of developed countries for export subsidy limits, TRQ expansion, import duty reduction, and domestic support reduction are fixed at 2000 levels. Developing countries had their last reform installment implemented in 2004. All of these commitments are held fixed through 2019/20. The 2010 outlook does not include any conjecture on policy changes arising from the Doha Round. Baseline Assumptions: FAPRI 2010 Agricultural Outlook / 61 Agricultural Policy Assumptions A for Crops 09/10 10/11 11/12 12/13 77 101 85 143 1,146 184 517 402 77 108 90 143 1,146 184 524 408 77 108 90 143 1,146 184 531 413 77 108 90 143 1,146 184 531 413 13.7 12.6 12.3 12.1 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (U.S. Dollars per Metric Ton) 77 77 77 108 108 108 90 90 90 143 143 143 1,146 1,146 1,146 184 184 184 531 531 531 413 413 413 77 108 90 143 1,146 184 531 413 77 108 90 143 1,146 184 531 413 77 108 90 143 1,146 184 531 413 77 108 90 143 1,146 184 531 413 Policy Prices United States Corn Loan Wheat Loan Barley Loan Rice Loan Cotton Loan Soybean Loan Beet Sugar Loan Cane Sugar Loan Conservation Reserve Program European Union Cereal Intervention Rice Intervention White Sugar Intervention Sugar Beet Basic (Million Hectares) 12.1 12.1 12.1 12.1 12.1 12.1 12.1 101.3 150.0 404.4 26.3 101.3 150.0 404.4 26.3 101.3 150.0 404.4 26.3 101.3 150.0 404.4 26.3 101.3 150.0 404.4 26.3 101.3 150.0 404.4 26.3 101.3 150.0 404.4 26.3 101.3 150.0 404.4 26.3 (Euro per Metric Ton) 101.3 101.3 101.3 150.0 150.0 150.0 404.4 404.4 404.4 26.3 26.3 26.3 580 447 580 447 580 447 580 447 (U.S. Dollars per Metric Ton) 580 580 580 447 447 447 580 447 580 447 580 447 580 447 Algeria Raw Sugar 15.0 15.0 15.0 15.0 15.0 (Percent) 15.0 15.0 15.0 15.0 15.0 15.0 Argentina Raw Sugar 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 China Corn - in quota Corn - out quota Wheat - in quota Wheat - out quota 1.0 60.0 1.0 65.0 1.0 60.0 1.0 65.0 1.0 60.0 1.0 65.0 1.0 60.0 1.0 65.0 1.0 60.0 1.0 65.0 1.0 60.0 1.0 65.0 1.0 60.0 1.0 65.0 1.0 60.0 1.0 65.0 1.0 60.0 1.0 65.0 1.0 60.0 1.0 65.0 1.0 60.0 1.0 65.0 India Tariff Reference Price Soybean Oil Palm Oil Tariffs Rice - in quota Rice - out quota Barley Soybeans Soybean Meal Soybean Oil Rapeseed Rapeseed Meal Rapeseed Oil Sunflower Sunflower Meal Sunflower Oil Peanuts Peanut Meal Peanut Oil Palm Oil Palm Kernel Oil Raw Sugar - in quota Raw Sugar - out quota Colombia Raw Sugar 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 65.0 3.0 3.0 5.0 9.0 9.0 5.0 9.0 15.0 5.0 9.0 15.0 5.0 10.0 9.0 9.0 15.0 50.0 65.0 3.0 3.0 5.0 9.0 9.0 5.0 9.0 15.0 5.0 9.0 15.0 5.0 10.0 9.0 9.0 15.0 50.0 65.0 3.0 3.0 5.0 9.0 9.0 5.0 9.0 15.0 5.0 9.0 15.0 5.0 10.0 9.0 9.0 15.0 50.0 65.0 3.0 3.0 5.0 9.0 9.0 5.0 9.0 15.0 5.0 9.0 15.0 5.0 10.0 9.0 9.0 15.0 50.0 65.0 3.0 3.0 5.0 9.0 9.0 5.0 9.0 15.0 5.0 9.0 15.0 5.0 10.0 9.0 9.0 15.0 50.0 65.0 3.0 3.0 5.0 9.0 9.0 5.0 9.0 15.0 5.0 9.0 15.0 5.0 10.0 9.0 9.0 15.0 50.0 65.0 3.0 3.0 5.0 9.0 9.0 5.0 9.0 15.0 5.0 9.0 15.0 5.0 10.0 9.0 9.0 15.0 50.0 65.0 3.0 3.0 5.0 9.0 9.0 5.0 9.0 15.0 5.0 9.0 15.0 5.0 10.0 9.0 9.0 15.0 50.0 65.0 3.0 3.0 5.0 9.0 9.0 5.0 9.0 15.0 5.0 9.0 15.0 5.0 10.0 9.0 9.0 15.0 50.0 65.0 3.0 3.0 5.0 9.0 9.0 5.0 9.0 15.0 5.0 9.0 15.0 5.0 10.0 9.0 9.0 15.0 50.0 65.0 3.0 3.0 5.0 9.0 9.0 5.0 9.0 15.0 5.0 9.0 15.0 5.0 10.0 9.0 9.0 15.0 50.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 20.0 62 / Baseline Assumptions: FAPRI 2010 Agricultural Outlook Agricultural Policy Assumptions A for Crops (continued) 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Cuba Raw Sugar 30.0 30.0 30.0 30.0 30.0 (Percent) 30.0 30.0 30.0 30.0 30.0 30.0 Egypt Raw Sugar 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 European Union Soybean Oil Rapeseed Oil Sunflower Oil Palm Kernel Oil Palm Oil Peanut Oil 6.4 6.4 6.4 3.2 3.8 6.4 6.4 6.4 6.4 3.2 3.8 6.4 6.4 6.4 6.4 3.2 3.8 6.4 6.4 6.4 6.4 3.2 3.8 6.4 6.4 6.4 6.4 3.2 3.8 6.4 6.4 6.4 6.4 3.2 3.8 6.4 6.4 6.4 6.4 3.2 3.8 6.4 6.4 6.4 6.4 3.2 3.8 6.4 6.4 6.4 6.4 3.2 3.8 6.4 6.4 6.4 6.4 3.2 3.8 6.4 6.4 6.4 6.4 3.2 3.8 6.4 339.0 339.0 339.0 339.0 (Euro per Metric Ton) 339.0 339.0 339.0 339.0 339.0 339.0 339.0 50.0 15.0 50.0 30.0 30.0 0.0 30.0 30.6 0.0 0.0 30.0 30.0 92.7 60.0 50.0 15.0 50.0 30.0 30.0 0.0 30.0 30.6 0.0 0.0 30.0 30.0 92.7 60.0 50.0 15.0 50.0 30.0 30.0 0.0 30.0 30.6 0.0 0.0 30.0 30.0 92.7 60.0 50.0 15.0 50.0 30.0 30.0 0.0 30.0 30.6 0.0 0.0 30.0 30.0 92.7 60.0 50.0 15.0 50.0 30.0 30.0 0.0 30.0 30.6 0.0 0.0 30.0 30.0 92.7 60.0 50.0 15.0 50.0 30.0 30.0 0.0 30.0 30.6 0.0 0.0 30.0 30.0 92.7 60.0 50.0 15.0 50.0 30.0 30.0 0.0 30.0 30.6 0.0 0.0 30.0 30.0 92.7 60.0 50.0 15.0 50.0 30.0 30.0 0.0 30.0 30.6 0.0 0.0 30.0 30.0 92.7 60.0 50.0 15.0 50.0 30.0 30.0 0.0 30.0 30.6 0.0 0.0 30.0 30.0 92.7 60.0 950.0 950.0 950.0 950.0 (Rupees per Metric Ton) 950.0 950.0 950.0 950.0 950.0 950.0 950.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 (Rupiah per Kilogram) 550.0 550.0 550.0 550.0 550.0 550.0 0.0 Tariffs Raw Sugar India Wheat Corn - in quota Corn - out quota Soybeans Soybean Meal Soybean Oil Rapeseed Rapeseed Meal Rapeseed Oil Palm Oil Peanut Peanut Meal Peanut Oil Raw Sugar Raw Sugar - Countervailing Rate Indonesia Corn Rapeseed Meal Raw Sugar Japan Wheat - in quota Wheat - out quota Corn Barley - in quota Barley - out quota 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 550.0 550.0 550.0 550.0 50.0 15.0 50.0 30.0 30.0 0.0 30.0 30.6 0.0 0.0 30.0 30.0 92.7 60.0 (Percent) 50.0 15.0 50.0 30.0 30.0 0.0 30.0 30.6 0.0 0.0 30.0 30.0 92.7 60.0 (Percent) 5.0 5.0 5.0 5.0 (Percent) 0.0 488.3 0.5 0.0 351.7 0.0 488.3 0.5 0.0 351.7 0.0 488.3 0.5 0.0 351.7 0.0 488.3 0.5 0.0 351.7 0.0 488.3 0.5 0.0 351.7 0.0 488.3 0.5 0.0 351.7 0.0 488.3 0.5 0.0 351.7 0.0 488.3 0.5 0.0 351.7 0.0 488.3 0.5 0.0 351.7 0.0 488.3 0.5 0.0 351.7 0.0 488.3 0.5 0.0 351.7 13.2 13.2 103.1 13.2 13.2 103.1 13.2 13.2 103.1 13.2 13.2 103.1 (Yen per Kilogram) 13.2 13.2 13.2 13.2 13.2 13.2 103.1 103.1 103.1 13.2 13.2 103.1 13.2 13.2 103.1 13.2 13.2 103.1 13.2 13.2 103.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Raw Sugar 36.0 36.0 36.0 36.0 (U.S. Cents per Kilogram) 36.0 36.0 36.0 36.0 36.0 36.0 36.0 Morocco Raw Sugar 35.0 35.0 35.0 35.0 35.0 35.0 35.0 35.0 Soybean Oil Rapeseed Oil White Sugar Mexico Corn - in quota Corn - out quota 0.0 0.0 35.0 (Percent) 0.0 0.0 (Percent) 35.0 35.0 Baseline Assumptions: FAPRI 2010 Agricultural Outlook / 63 Agricultural Policy Assumptions A for Crops (continued) 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 5.0 5.0 5.0 5.0 5.0 (Percent) 5.0 5.0 5.0 5.0 5.0 5.0 Pakistan Wheat Corn Sorghum Barley Raw Sugar 10 10 5 5 25.0 10 10 5 5 25.0 10 10 5 5 25.0 10 10 5 5 25.0 10 10 5 5 25.0 10 10 5 5 25.0 10 10 5 5 25.0 10 10 5 5 25.0 10 10 5 5 25.0 10 10 5 5 25.0 10 10 5 5 25.0 Peru Raw Sugar 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 9.0 35.0 50.0 65.0 35.0 50.0 65.0 35.0 50.0 65.0 35.0 50.0 65.0 35.0 50.0 65.0 35.0 50.0 65.0 35.0 50.0 65.0 35.0 50.0 65.0 35.0 50.0 65.0 35.0 50.0 65.0 35.0 50.0 65.0 0.0 5.0 5.0 5.0 0.0 5.0 5.0 5.0 0.0 5.0 5.0 5.0 0.0 5.0 5.0 5.0 0.0 5.0 5.0 5.0 0.0 5.0 5.0 5.0 0.0 5.0 5.0 5.0 0.0 5.0 5.0 5.0 0.0 5.0 5.0 5.0 0.0 5.0 5.0 5.0 0.0 5.0 5.0 5.0 140.0 140.0 140.0 140.0 (Dollars per Metric Ton) 140.0 140.0 140.0 140.0 140.0 140.0 0.0 Tariffs Nigeria Sorghum Philippines Corn Raw Sugar - in quota Raw Sugar - out quota Russia Corn Soybean Oil Rapeseed Oil Sunflower Oil Raw Sugar South Korea Wheat Corn - in quota Corn - out quota Soybean - in quota Soybean - out quota Rapeseed Meal Soybean Oil Soybean Meal Sunflower Meal Raw Sugar 0.0 0.0 328.0 1.0 487.0 0.0 5.4 1.0 5.0 3.0 0.0 0.0 328.0 1.0 487.0 0.0 5.4 1.0 5.0 3.0 0.0 0.0 328.0 1.0 487.0 0.0 5.4 1.0 5.0 3.0 0.0 0.0 328.0 1.0 487.0 0.0 5.4 1.0 5.0 3.0 0.0 0.0 328.0 1.0 487.0 0.0 5.4 1.0 5.0 3.0 (Percent) 0.0 0.0 328.0 1.0 487.0 0.0 5.4 1.0 5.0 3.0 6.5 5.0 6.5 5.0 6.5 5.0 6.5 5.0 6.5 5.0 6.5 5.0 6.5 5.0 6.5 5.0 6.5 5.0 6.5 5.0 6.5 5.0 Thailand Raw Sugar-in quota Raw Sugar-out quota 65.0 94.0 65.0 94.0 65.0 94.0 65.0 94.0 65.0 94.0 65.0 94.0 65.0 94.0 65.0 94.0 65.0 94.0 65.0 94.0 65.0 94.0 Tunisia Wheat 65.0 65.0 65.0 65.0 65.0 65.0 65.0 65.0 65.0 65.0 65.0 135.0 135.0 135.0 135.0 135.0 135.0 135.0 135.0 135.0 135.0 135.0 Taiwan Wheat Soybean Oil Turkey Raw Sugar - Third Country Imports 0.0 0.0 328.0 1.0 487.0 0.0 5.4 1.0 5.0 3.0 0.0 0.0 328.0 1.0 487.0 0.0 5.4 1.0 5.0 3.0 0.0 0.0 328.0 1.0 487.0 0.0 5.4 1.0 5.0 3.0 0.0 0.0 328.0 1.0 487.0 0.0 5.4 1.0 5.0 3.0 0.0 0.0 328.0 1.0 487.0 0.0 5.4 1.0 5.0 3.0 64 / Baseline Assumptions: FAPRI 2010 Agricultural Outlook Agricultural Policy Assumptions A for Crops (continued) 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Ukraine Wheat Corn Barley Raw Sugar - in quota Raw Sugar - out quota 40.0 30.0 10.0 2.0 50.0 40.0 30.0 10.0 2.0 50.0 40.0 30.0 10.0 2.0 50.0 40.0 30.0 10.0 2.0 50.0 40.0 30.0 10.0 2.0 50.0 (Percent) 40.0 30.0 10.0 2.0 50.0 40.0 30.0 10.0 2.0 50.0 40.0 30.0 10.0 2.0 50.0 40.0 30.0 10.0 2.0 50.0 40.0 30.0 10.0 2.0 50.0 40.0 30.0 10.0 0.0 0.0 Venezuela Raw Sugar 15.0 15.0 15.0 15.0 15.0 15.0 15.0 15.0 15.0 15.0 15.0 Import Access Commitmentt / Tariff Rate Quotas China Corn Rice - Medium grain Rice - Long grain Wheat Raw Sugar 7,200 2,660 2,660 9,636 1,950 7,200 2,660 2,660 9,636 1,950 7,200 2,660 2,660 9,636 1,950 7,200 2,660 2,660 9,636 1,950 (Thousand Metric Tons) 7,200 7,200 7,200 2,660 2,660 2,660 2,660 2,660 2,660 9,636 9,636 9,636 1,950 1,950 1,950 7,200 2,660 2,660 9,636 1,950 7,200 2,660 2,660 9,636 1,950 7,200 2,660 2,660 9,636 1,950 7,200 2,660 2,660 9,636 1,950 India Corn 5,000 5,000 5,000 5,000 (Million Metric Tons) 5,000 5,000 5,000 5,000 5,000 5,000 5,000 Japan Wheat Barley Rice 5,740 1,369 682 5,740 1,369 682 5,740 1,369 682 5,740 1,369 682 (Thousand Metric Tons) 5,740 5,740 5,740 1,369 1,369 1,369 682 682 682 5,740 1,369 682 5,740 1,369 682 5,740 1,369 682 5,740 1,369 682 64 64 64 64 64 64 64 64 64 64 64 11,158 307 13,250 327 13,250 348 13,250 368 13,250 388 13,250 409 13,250 409 13,250 409 13,250 409 13,250 409 13,250 409 1,386 1,386 1,386 1,386 1,386 1,386 1,386 1,386 1,386 1,386 1,386 Thailand Raw Sugar 13.8 13.8 13.8 13.8 13.8 13.8 13.8 13.8 13.8 13.8 13.8 Ukraine Raw Sugar 263.9 267.8 267.8 267.8 267.8 267.8 267.8 267.8 267.8 267.8 267.8 14,438 10,843 14,438 10,843 14,438 10,843 14,438 10,843 14,438 10,843 14,438 10,843 14,438 10,843 14,438 10,843 14,438 10,843 14,438 10,843 14,438 10,843 1.274 1.274 1.274 1.274 (Million Metric Tons) 1.274 1.274 1.274 1.274 1.274 1.274 1.274 Mexico Corn Philippines Raw Sugar South Korea Corn Rice Tariff Rate Quotas Soybean Oil Subsidized Export Limits European Union Wheat Coarse Grains White Sugar Baseline Assumptions: FAPRI 2010 Agricultural Outlook / 65 Agricultural Policy Assumptions A for Crops (continued) 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 23.0 20.0 20.0 20.0 35.0 32.0 32.0 32.0 30.0 30.0 23.5 5.0 5.0 5.0 23.0 20.0 20.0 20.0 35.0 32.0 32.0 32.0 30.0 30.0 23.5 5.0 5.0 5.0 23.0 20.0 20.0 20.0 35.0 32.0 32.0 32.0 30.0 30.0 23.5 5.0 5.0 5.0 23.0 20.0 20.0 20.0 35.0 32.0 32.0 32.0 30.0 30.0 23.5 5.0 5.0 5.0 23.0 20.0 20.0 20.0 35.0 32.0 32.0 32.0 30.0 30.0 23.5 5.0 5.0 5.0 (Percent) 23.0 20.0 20.0 20.0 35.0 32.0 32.0 32.0 30.0 30.0 23.5 5.0 5.0 5.0 23.0 20.0 20.0 20.0 35.0 32.0 32.0 32.0 30.0 30.0 23.5 5.0 5.0 5.0 23.0 20.0 20.0 20.0 35.0 32.0 32.0 32.0 30.0 30.0 23.5 5.0 5.0 5.0 23.0 20.0 20.0 20.0 35.0 32.0 32.0 32.0 30.0 30.0 23.5 5.0 5.0 5.0 23.0 20.0 20.0 20.0 35.0 32.0 32.0 32.0 30.0 30.0 23.5 5.0 5.0 5.0 23.0 20.0 20.0 20.0 35.0 32.0 32.0 32.0 30.0 30.0 23.5 5.0 5.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 CIS Russia Wheat Barley Rapeseed Sunflower 0.0 0.0 15.0 20.0 0.0 0.0 15.0 20.0 0.0 0.0 15.0 20.0 0.0 0.0 15.0 20.0 0.0 0.0 15.0 20.0 0.0 0.0 15.0 20.0 0.0 0.0 15.0 20.0 0.0 0.0 15.0 20.0 0.0 0.0 15.0 20.0 0.0 0.0 15.0 20.0 0.0 0.0 15.0 20.0 Ukraine Sunflower 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 16.0 Indonesia Palm Oil 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 13.0 8.4 7.0 13.0 8.4 7.0 13.0 8.4 7.0 13.0 8.4 7.0 13.0 8.4 7.0 13.0 8.4 7.0 13.0 8.4 7.0 13.0 8.4 7.0 13.0 8.4 7.0 13.0 8.4 7.0 13.0 8.4 7.0 13.0 13.0 13.0 13.0 13.0 13.0 13.0 13.0 13.0 13.0 13.0 Export Tax Argentina Wheat Corn Sorghum Barley Soybean Soybean Meal Soybean Oil Sunflower Sunflower Meal Sunflower Oil Peanuts Peanut Meal Peanut Oil Sugar China Wheat Corn Barley Domestic Value Added Tax Brazil Soybean Soybean Meal Soybean Oil China Value Added Tax Oilseeds and Products Agricultural Policy Assumptions A for Biofuels Canada Ethanol, Energy Bill mandate 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 4.50 5.00 5.00 5.00 5.00 (Percent) 5.00 5.00 5.00 5.00 5.00 5.00 (Canadian Dollar per Liter) 0.05 0.05 0.05 0.00 0.00 0.00 0.05 0.00 0.05 0.00 0.05 0.00 0.05 0.00 Tariff Imports from Brazil Imports from U.S. 0.05 0.00 0.05 0.00 0.05 0.00 0.05 0.00 Incentive to Producers 0.10 0.10 0.08 0.07 Brazil Mandated Ethanol Mix in Gasoline 0.06 0.05 0.04 0.04 0.04 0.04 0.04 (Percent) 25.00 25.00 25.00 25.00 25.00 25.00 25.00 0.10 0.19 0.10 0.19 0.10 0.19 0.10 0.19 0.10 0.19 7.88 8.30 8.73 9.15 9.58 25.00 25.00 25.00 25.00 Import Duty Duty for Denatured Duty for Undenatured 0.10 0.19 0.10 0.19 0.10 0.19 0.10 0.19 (Euro per Liter) 0.10 0.10 0.19 0.19 Biofuel Directive Target 5.00 5.75 6.18 6.60 7.03 EU (percent) 7.45 66 / Baseline Assumptions: FAPRI 2010 Agricultural Outlook Agricultural Policy Assumptions A for Livestock and Dairy Products 2009 2010 2011 2012 2013 2014 Target Price for Industrial Milk 74.6 74.6 76.2 77.9 Support Price, Butter 7.10 7.10 7.23 7.35 7.48 7.61 Support Price, NFD 6.18 6.18 6.31 6.45 6.59 6.73 Beef Basic 2,287 2,287 2,287 2,287 2,287 Pork Basic 1,510 1,510 1,510 1,510 1,510 Intervention Price for Butter 2,464 2,464 2,464 2,464 Intervention Price for NFD 1,747 1,747 1,747 1,747 Japan Pork Standard Import Price 546.5 546.5 546.5 546.5 Argentina Beef Pork Broiler Butter Cheese Nonfat Dry Milk Whole Milk Powder Fluid Milk 0.4 2.8 2.7 16.0 16.0 16.0 16.0 13.0 0.4 2.8 2.7 16.0 16.0 16.0 16.0 13.0 0.4 2.8 2.7 16.0 16.0 16.0 16.0 13.0 0.4 2.8 2.7 16.0 16.0 16.0 16.0 13.0 0.4 2.8 2.7 16.0 16.0 16.0 16.0 13.0 (Percent) 0.4 2.8 2.7 16.0 16.0 16.0 16.0 13.0 Brazil Beef Pork Broiler Butter Cheese Nonfat Dry Milk Whole Milk Powder Fluid Milk 0.0 10.0 10.0 16.0 16.0 16.0 16.0 13.0 0.0 10.0 10.0 16.0 16.0 16.0 16.0 13.0 0.0 10.0 10.0 16.0 16.0 16.0 16.0 13.0 0.0 10.0 10.0 16.0 16.0 16.0 16.0 13.0 0.0 10.0 10.0 16.0 16.0 16.0 16.0 13.0 Canada Butter Cheese Nonfat Dry Milk Whole Milk Powder 298.5 245.5 201.5 243.4 298.5 245.5 201.5 243.4 298.5 245.5 201.5 243.4 298.5 245.5 201.5 243.4 China Beef Pork Poultry Lamb-Mutton Egg Butter Cheese Nonfat Dry Milk Whole Milk Powder Fluid Milk 12.0 12.0 10.0 15.0 20.0 10.0 12.0 10.0 10.0 15.0 12.0 12.0 10.0 15.0 20.0 10.0 12.0 10.0 10.0 15.0 12.0 12.0 10.0 15.0 20.0 10.0 12.0 10.0 10.0 15.0 Colombia Butter Cheese Nonfat Dry Milk Whole Milk Powder 115.0 141.0 151.0 151.0 115.0 141.0 151.0 151.0 115.0 141.0 151.0 151.0 2015 2016 2017 2018 2019 85.0 86.8 88.7 90.7 7.74 7.88 8.01 8.15 8.30 6.87 7.02 7.17 7.32 7.48 2,287 2,287 2,287 2,287 2,287 2,287 1,510 1,510 1,510 1,510 1,510 1,510 2,464 2,464 2,464 2,464 2,464 2,464 2,464 1,747 1,747 1,747 1,747 1,747 1,747 1,747 (Yen per Kilogram) 546.5 546.5 546.5 546.5 546.5 546.5 546.5 0.4 2.8 2.7 16.0 16.0 16.0 16.0 13.0 0.4 2.8 2.7 16.0 16.0 16.0 16.0 13.0 0.4 2.8 2.7 16.0 16.0 16.0 16.0 13.0 0.4 2.8 2.7 16.0 16.0 16.0 16.0 13.0 0.4 2.8 2.7 16.0 16.0 16.0 16.0 13.0 0.0 10.0 10.0 16.0 16.0 16.0 16.0 13.0 0.0 10.0 10.0 16.0 16.0 16.0 16.0 13.0 0.0 10.0 10.0 16.0 16.0 16.0 16.0 13.0 0.0 10.0 10.0 16.0 16.0 16.0 16.0 13.0 0.0 10.0 10.0 16.0 16.0 16.0 16.0 13.0 0.0 10.0 10.0 16.0 16.0 16.0 16.0 13.0 298.5 245.5 201.5 243.4 298.5 245.5 201.5 243.4 298.5 245.5 201.5 243.4 298.5 245.5 201.5 243.4 298.5 245.5 201.5 243.4 298.5 245.5 201.5 243.4 298.5 245.5 201.5 243.4 12.0 12.0 10.0 15.0 20.0 10.0 12.0 10.0 10.0 15.0 12.0 12.0 10.0 15.0 20.0 10.0 12.0 10.0 10.0 10.0 12.0 12.0 10.0 15.0 20.0 10.0 12.0 10.0 10.0 10.0 12.0 12.0 10.0 15.0 20.0 10.0 12.0 10.0 10.0 10.0 12.0 12.0 10.0 15.0 20.0 10.0 12.0 10.0 10.0 10.0 12.0 12.0 10.0 15.0 20.0 10.0 12.0 10.0 10.0 10.0 12.0 12.0 10.0 15.0 20.0 10.0 12.0 10.0 10.0 10.0 12.0 12.0 10.0 15.0 20.0 10.0 12.0 10.0 10.0 10.0 115.0 141.0 151.0 151.0 115.0 141.0 151.0 151.0 115.0 141.0 151.0 151.0 115.0 141.0 151.0 151.0 115.0 141.0 151.0 151.0 115.0 141.0 151.0 151.0 115.0 141.0 151.0 151.0 115.0 141.0 151.0 151.0 Policy Prices (Canadian Cents per Hectoliter) Canada 79.6 81.4 83.1 (Canadian Dollars per Kilogram) European Union (Euro per Metric Ton) Policy Prices Import Tariffs Baseline Assumptions: FAPRI 2010 Agricultural Outlook / 67 Agricultural Policy Assumptions A for Livestock and Dairy Products (continued) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 5.0 30.0 8.5 8.5 3.5 12.8 5.0 30.0 8.5 8.5 3.5 12.8 5.0 30.0 8.5 8.5 3.5 12.8 5.0 30.0 8.5 8.5 3.5 12.8 5.0 30.0 8.5 8.5 3.5 12.8 (Percent) 5.0 30.0 8.5 8.5 3.5 12.8 5.0 30.0 8.5 8.5 3.5 12.8 5.0 30.0 8.5 8.5 3.5 12.8 5.0 30.0 8.5 8.5 3.5 12.8 5.0 30.0 8.5 8.5 3.5 12.8 5.0 30.0 8.5 8.5 3.5 12.8 1,768.3 536.3 325.1 1,768.3 536.3 325.1 1,768.3 536.3 325.1 1,768.3 536.3 325.1 (Euro per Metric Ton) 1,768.3 1,768.3 1,768.3 536.3 536.3 536.3 325.1 325.1 325.1 1,768.3 536.3 325.1 1,768.3 536.3 325.1 12.8 12.8 12.8 12.8 12.8 12.8 12.8 12.8 12.8 (Euro per Metric Ton) 1,896.0 1,896.0 1,896.0 1,671.0 1,671.0 1,671.0 1,188.0 1,188.0 1,188.0 1,304.0 1,304.0 1,304.0 1,896.0 1,671.0 1,188.0 1,304.0 1,896.0 1,671.0 1,188.0 1,304.0 1,896.0 1,671.0 1,188.0 1,304.0 1,896.0 1,671.0 1,188.0 1,304.0 Import Tariffs Egypt Beef Poultry Butter Cheese Nonfat Dry Milk Whole Milk Powder European Union Beef Pork Broiler Beef 12.8 (Percent) 12.8 1,768.3 1,768.3 536.3 536.3 325.1 325.1 1,896.0 1,671.0 1,188.0 1,304.0 1,896.0 1,671.0 1,188.0 1,304.0 1,896.0 1,671.0 1,188.0 1,304.0 1,896.0 1,671.0 1,188.0 1,304.0 30.0 30.0 40.0 60.0 30.0 30.0 40.0 60.0 30.0 30.0 40.0 60.0 30.0 30.0 40.0 60.0 30.0 30.0 40.0 60.0 (Percent) 30.0 30.0 40.0 60.0 30.0 30.0 40.0 60.0 30.0 30.0 40.0 60.0 30.0 30.0 40.0 60.0 30.0 30.0 40.0 60.0 30.0 30.0 40.0 60.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0 38.5 4.3 8.5 29.8 29.8 29.8 38.5 4.3 8.5 29.8 29.8 29.8 38.5 4.3 8.5 29.8 29.8 29.8 38.5 4.3 8.5 29.8 29.8 29.8 38.5 4.3 8.5 29.8 29.8 29.8 38.5 4.3 8.5 29.8 29.8 29.8 38.5 4.3 8.5 29.8 29.8 29.8 38.5 4.3 8.5 29.8 29.8 29.8 38.5 4.3 8.5 29.8 29.8 29.8 38.5 4.3 8.5 29.8 29.8 29.8 38.5 4.3 8.5 29.8 29.8 29.8 Malaysia Butter Cheese Nonfat Dry Milk Whole Milk Powder 2.0 2.5 0.0 0.0 2.0 2.5 0.0 0.0 2.0 2.5 0.0 0.0 2.0 2.5 0.0 0.0 2.0 2.5 0.0 0.0 2.0 2.5 0.0 0.0 2.0 2.5 0.0 0.0 2.0 2.5 0.0 0.0 2.0 2.5 0.0 0.0 2.0 2.5 0.0 0.0 2.0 2.5 0.0 0.0 Mexico Butter Cheese Nonfat Dry Milk Whole Milk Powder 20.0 68.6 125.1 67.6 20.0 68.6 125.1 67.6 20.0 68.6 125.1 67.6 20.0 68.6 125.1 67.6 20.0 68.6 125.1 67.6 20.0 68.6 125.1 67.6 20.0 68.6 125.1 67.6 20.0 68.6 125.1 67.6 20.0 68.6 125.1 67.6 20.0 68.6 125.1 67.6 20.0 68.6 125.1 67.6 New Zealand Pork Poultry Butter Cheese Nonfat Dry Milk Whole Milk Powder Fluid Milk 5.0 6.5 0.0 0.0 5.0 5.0 0.0 5.0 6.5 0.0 0.0 5.0 5.0 0.0 5.0 6.5 0.0 0.0 5.0 5.0 0.0 5.0 6.5 0.0 0.0 5.0 5.0 0.0 5.0 6.5 0.0 0.0 5.0 5.0 0.0 5.0 6.5 0.0 0.0 5.0 5.0 0.0 5.0 6.5 0.0 0.0 5.0 5.0 0.0 5.0 6.5 0.0 0.0 5.0 5.0 0.0 5.0 6.5 0.0 0.0 5.0 5.0 0.0 5.0 6.5 0.0 0.0 5.0 5.0 0.0 5.0 6.5 0.0 0.0 5.0 5.0 0.0 Butter Cheese Nonfat Dry Milk Whole Milk Powder India Beef Poultry Butter Nonfat Dry Milk Indonesia Beef Pork Broiler Butter Cheese Nonfat Dry Milk Whole Milk Powder Japan Beef Pork Poultry Butter Cheese Nonfat Dry Milk 68 / Baseline Assumptions: FAPRI 2010 Agricultural Outlook Agricultural Policy Assumptions A for Livestock and Dairy Products (continued) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Paraguay Beef Pork Poultry 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 (Percent) 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 Peru Butter Cheese Nonfat Dry Milk Whole Milk Powder 30.0 30.0 68.0 68.0 30.0 30.0 68.0 68.0 30.0 30.0 68.0 68.0 30.0 30.0 68.0 68.0 30.0 30.0 68.0 68.0 30.0 30.0 68.0 68.0 30.0 30.0 68.0 68.0 30.0 30.0 68.0 68.0 30.0 30.0 68.0 68.0 30.0 30.0 68.0 68.0 30.0 30.0 68.0 68.0 Philippines Beef Pork Poultry Butter Cheese Nonfat Dry Milk Whole Milk Powder Fluid Milk 10.0 30.0 40.0 7.0 7.0 1.0 1.0 3.0 10.0 30.0 40.0 7.0 7.0 1.0 1.0 3.0 10.0 30.0 40.0 7.0 7.0 1.0 1.0 3.0 10.0 30.0 40.0 7.0 7.0 1.0 1.0 3.0 10.0 30.0 40.0 7.0 7.0 1.0 1.0 3.0 10.0 30.0 40.0 7.0 7.0 1.0 1.0 3.0 10.0 30.0 40.0 7.0 7.0 1.0 1.0 3.0 10.0 30.0 40.0 7.0 7.0 1.0 1.0 3.0 10.0 30.0 40.0 7.0 7.0 1.0 1.0 3.0 10.0 30.0 40.0 7.0 7.0 1.0 1.0 3.0 10.0 30.0 40.0 7.0 7.0 1.0 1.0 3.0 Russia Beef Pork Butter Cheese Nonfat Dry Milk Whole Milk Powder Dairy Products 15.0 15.0 20.0 15.0 10.0 10.0 10.0 15.0 15.0 20.0 15.0 10.0 10.0 10.0 15.0 15.0 20.0 15.0 10.0 10.0 10.0 15.0 15.0 20.0 15.0 10.0 10.0 10.0 15.0 15.0 20.0 15.0 10.0 10.0 10.0 15.0 15.0 20.0 15.0 10.0 10.0 10.0 15.0 15.0 20.0 15.0 10.0 10.0 10.0 15.0 15.0 20.0 15.0 10.0 10.0 10.0 15.0 15.0 20.0 15.0 10.0 10.0 10.0 15.0 15.0 20.0 15.0 10.0 10.0 10.0 15.0 15.0 20.0 15.0 10.0 10.0 10.0 Saudi Arabia Poultry Butter Cheese Nonfat Dry Milk Whole Milk Powder 0.3 12.0 12.0 12.0 12.0 0.3 12.0 12.0 12.0 12.0 0.4 12.0 12.0 12.0 12.0 0.4 12.0 12.0 12.0 12.0 (U.S. Dollars per Kilogram) 0.4 0.4 0.4 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 0.4 12.0 12.0 12.0 12.0 0.4 12.0 12.0 12.0 12.0 0.4 12.0 12.0 12.0 12.0 0.4 12.0 12.0 12.0 12.0 South Africa Beef Poultry 13.8 5.0 13.8 5.0 13.8 5.0 13.8 5.0 13.8 5.0 (Percent) 13.8 5.0 13.8 5.0 13.8 5.0 13.8 5.0 13.8 5.0 13.8 5.0 South Korea Beef Pork Broiler Butter Cheese Nonfat Dry Milk Whole Milk Powder 40.0 22.5 18.0 89.0 36.0 176.0 176.0 40.0 22.5 18.0 89.0 36.0 176.0 176.0 40.0 22.5 18.0 89.0 36.0 176.0 176.0 40.0 22.5 18.0 89.0 36.0 176.0 176.0 40.0 22.5 18.0 89.0 36.0 176.0 176.0 40.0 22.5 18.0 89.0 36.0 176.0 176.0 40.0 22.5 18.0 89.0 36.0 176.0 176.0 40.0 22.5 18.0 89.0 36.0 176.0 176.0 40.0 22.5 18.0 89.0 36.0 176.0 176.0 40.0 22.5 18.0 89.0 36.0 176.0 176.0 40.0 22.5 18.0 89.0 36.0 176.0 176.0 Switzerland Butter Cheese Nonfat Dry Milk Whole Milk Powder 16,420 255 3,230 6,560 16,420 255 3,230 6,560 16,420 255 3,230 6,560 16,420 255 3,230 6,560 (Swiss Franc per Metric Ton) 16,420 16,420 16,420 255 255 255 3,230 3,230 3,230 6,560 6,560 6,560 16,420 255 3,230 6,560 16,420 255 3,230 6,560 16,420 255 3,230 6,560 16,420 255 3,230 6,560 Thailand Beef Pork Poultry Butter Cheese Nonfat Dry Milk Whole Milk Powder 50.0 40.0 30.0 30 30 5 18 50.0 40.0 30.0 30 30 5 18 50.0 40.0 30.0 30 30 5 18 50.0 40.0 30.0 30 30 5 18 50.0 40.0 30.0 30 30 5 18 50.0 40.0 30.0 30 30 5 18 50.0 40.0 30.0 30 30 5 18 50.0 40.0 30.0 30 30 5 18 Import Tariffs 50.0 40.0 30.0 30 30 5 18 (Percent) 50.0 40.0 30.0 30 30 5 18 50.0 40.0 30.0 30 30 5 18 Baseline Assumptions: FAPRI 2010 Agricultural Outlook / 69 Agricultural Policy Assumptions A for Livestock and Dairy Products (continued) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Taiwan Beef 10.0 10.0 10.0 (New Taiwan Dollars per Kilogram) 10.0 10.0 10.0 10.0 10.0 10.0 10.0 10.0 Pork Poultry 12.5 20.0 12.5 20.0 12.5 20.0 12.5 20.0 12.5 20.0 (Percent) 12.5 20.0 12.5 20.0 12.5 20.0 12.5 20.0 12.5 20.0 12.5 20.0 Ukraine Beef Pork Poultry Butter Cheese Nonfat Dry Milk Whole Milk Powder 20.0 30.0 30.0 10.0 10.0 10.0 10.0 20.0 30.0 30.0 10.0 10.0 10.0 10.0 20.0 30.0 30.0 10.0 10.0 10.0 10.0 20.0 30.0 30.0 10.0 10.0 10.0 10.0 20.0 30.0 30.0 10.0 10.0 10.0 10.0 20.0 30.0 30.0 10.0 10.0 10.0 10.0 20.0 30.0 30.0 10.0 10.0 10.0 10.0 20.0 30.0 30.0 10.0 10.0 10.0 10.0 20.0 30.0 30.0 10.0 10.0 10.0 10.0 20.0 30.0 30.0 10.0 10.0 10.0 10.0 20.0 30.0 30.0 10.0 10.0 10.0 10.0 Uruguay Butter Cheese Nonfat Dry Milk Whole Milk Powder 55.0 55.0 35.0 35.0 55.0 55.0 35.0 35.0 55.0 55.0 35.0 35.0 55.0 55.0 35.0 35.0 55.0 55.0 35.0 35.0 55.0 55.0 35.0 35.0 55.0 55.0 35.0 35.0 55.0 55.0 35.0 35.0 55.0 55.0 35.0 35.0 55.0 55.0 35.0 35.0 55.0 55.0 35.0 35.0 Vietnam Beef Pork Poultry Butter Cheese Nonfat Dry Milk Whole Milk Powder 20.0 30.0 20.0 20.0 20.0 10.0 15.0 20.0 30.0 20.0 20.0 20.0 10.0 15.0 20.0 30.0 20.0 20.0 20.0 10.0 15.0 20.0 30.0 20.0 20.0 20.0 10.0 15.0 20.0 30.0 20.0 20.0 20.0 10.0 15.0 20.0 30.0 20.0 20.0 20.0 10.0 15.0 20.0 30.0 20.0 20.0 20.0 10.0 15.0 20.0 30.0 20.0 20.0 20.0 10.0 15.0 20.0 30.0 20.0 20.0 20.0 10.0 15.0 20.0 30.0 20.0 20.0 20.0 10.0 15.0 20.0 30.0 20.0 20.0 20.0 10.0 15.0 91.0 91.0 91.0 91.0 (Thousand Metric Ton) 91.0 91.0 91.0 91.0 91.0 91.0 91.0 76.2 73.5 74.7 77.6 79.3 80.4 81.6 83.1 84.0 84.8 86.0 3.3 20.4 3.3 20.4 3.3 20.4 3.3 20.4 3.3 20.4 3.3 20.4 3.3 20.4 3.3 20.4 3.3 20.4 3.3 20.4 3.3 20.4 41.4 4.0 491.7 28.2 122.8 69.2 41.4 4.0 491.7 30.2 122.8 69.3 41.4 4.0 491.7 32.3 122.8 69.3 41.4 4.0 491.7 34.3 122.8 69.3 41.4 4.0 491.7 36.3 122.8 69.3 41.4 4.0 491.7 38.3 122.8 69.3 41.4 4.0 491.7 40.3 122.8 69.4 41.4 4.0 491.7 42.4 122.9 69.4 41.4 4.0 491.7 44.4 122.9 69.4 41.4 4.0 491.7 46.4 122.9 69.4 41.4 4.0 491.7 48.4 122.9 69.5 Philippines Beef Pork Poultry 5.6 54.2 23.5 5.6 54.2 23.5 5.6 54.2 23.5 5.6 54.2 23.5 5.6 54.2 23.5 5.6 54.2 23.5 5.6 54.2 23.5 5.6 54.2 23.5 5.6 54.2 23.5 5.6 54.2 23.5 5.6 54.2 23.5 South Africa Beef Poultry 26.3 29.0 26.3 29.0 26.3 29.0 26.3 29.0 26.3 29.0 26.3 29.0 26.3 29.0 26.3 29.0 26.3 29.0 26.3 29.0 26.3 29.0 0.4 1.0 0.6 0.4 1.0 0.6 0.4 1.0 0.6 0.4 1.0 0.6 0.4 1.0 0.6 0.4 1.0 0.6 0.4 1.0 0.6 0.4 1.0 0.6 0.4 1.0 0.6 0.4 1.0 0.6 0.4 1.0 0.6 15.4 15.4 15.4 15.4 15.4 15.4 15.4 15.4 15.4 15.4 15.4 Import Tariffs Import Access Commitment Canada Beef Poultry NAFTA Min. Access Butter Cheese European Union Beef Pork Poultry Butter Cheese Nonfat Dry Milk South Korea Butter Nonfat Dry Milk Whole Milk Powder Taiwan Pork 70 / Baseline Assumptions: FAPRI 2010 Agricultural Outlook Agricultural Policy Assumptions A for Livestock and Dairy Products (continued) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 92 84 92 84 92 84 92 84 (Thousand Metric Ton) 92 92 92 84 84 84 92 84 92 84 92 84 92 84 797 274 211 433 346 273 958 797 274 211 433 346 273 958 797 274 211 433 346 273 958 797 274 211 433 346 273 958 797 274 211 433 346 273 958 797 274 211 433 346 273 958 797 274 211 433 346 273 958 797 274 211 433 346 273 958 797 274 211 433 346 273 958 797 274 211 433 346 273 958 797 274 211 433 346 273 958 13 1 13 1 13 1 13 1 13 1 13 1 13 1 13 1 13 1 13 1 13 1 2012 2013 2014 2015 2016 2017 2018 2019 Maximum Subsidized Export Commitment C Brazil Beef Poultry European Union Beef Pork Poultry Butter Cheese Nonfat Dry Milk Other Milk Products South Africa Beef Poultry Other Agricultural Policy Assumptions 2009 2010 2011 Summary Table of EU CAP Refform and Enlargement Decoupling Crops (percent) 93 100 100 100 100 100 100 100 100 100 100 Cattle 78 78 78 100 100 100 100 100 100 100 100 Sheep 73 73 73 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 100 7 8 9 10 10 10 10 10 10 10 10 148 149 151 152 Butter † 246 246 246 246 246 246 246 246 246 246 246 NFD † 175 175 175 175 175 175 175 175 175 175 175 Livestock Dairy Modulation (Million Metric Tons) Dairy Quota Milk Delivery Quota * Intervention Price and Premium m 154 154 (Euro per 100 Kilogram) 15. * Milk delivery quota is abolished in 201 g-year prices. † Calendar-average prices of marketing U.S. CROPS 72 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Wheat In 2008/09 and 2009/10, U.S. wheat production far exceeded domestic use and exports. This has resulted in a sharp rebuilding of stocks, to the highest level since the 1980s. As long as wheat stocks remain high, it will be difficult for wheat prices to increase relative to corn prices. Poor wheat crops in Europe, Australia, and in other exporting countries and regions contributed to a large increase in U.S. wheat exports in 2007/08. The much larger crops of major competitors limited U.S. wheat exports in 2008/09 and again in 2009/10. Projected exports remain far below recent peaks. After jumping in 2008/09, wheat feed use has declined in 2009/10. Wheat prices are projected to remain low enough relative to corn prices to encourage continued moderate levels of domestic feed use. Lower wheat prices in 2009/10 result in a large reduction in wheat market receipts per acre. Variable production expenses also decline in 2009/10, but by less than the reduction in receipts. Lower producer returns for wheat relative to competing crops and unfavorable weather in the fall of 2009 caused a large reduction in winter wheat acreage for harvest in 2010. Total U.S. wheat area planted is projected to decline by more than 5 million acres in 2010. An assumed return to normal weather results in a slight increase in wheat acreage in 2011, but wheat area soon resumes its long-term decline. Wheat yields exceeded 44 bushels per acre in both 2008 and 2009. Projected yields dip slightly in 2010 in response to reduced acreage in high-yielding states, lower wheat prices, and an assumed return to average growing conditions. Projected reductions in acreage and production allow a modest drawdown in wheat stocks in 2010/11, but stocks exceed 700 million bushels throughout the baseline. U.S. Crops: FAPRI 2010 Agricultural Outlook / 73 U.S. Wheat Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 Area Planted Area Harvested Area 59.1 49.9 53.6 45.6 54.9 46.7 55.0 46.7 (Million Acres) 54.9 54.5 46.6 46.3 54.0 45.9 53.9 45.7 53.6 45.5 53.3 45.3 53.1 45.1 Yield 44.4 43.2 44.0 44.3 (Bushels per Acre) 44.7 45.0 45.3 45.7 46.1 46.4 46.7 Supply Beginning Stocks Production Imports 2,982 657 2,216 109 3,034 963 1,968 104 2,989 829 2,053 106 2,927 748 2,071 108 (Million Bushels) 2,920 2,911 2,909 729 721 721 2,082 2,081 2,078 109 109 110 2,915 715 2,089 111 2,920 712 2,097 111 2,927 713 2,102 112 2,929 711 2,105 112 Domestic Use Feed, Residual Seed Food, Other 1,194 177 72 945 1,268 227 74 968 1,267 217 74 976 1,272 212 74 986 1,274 205 74 995 1,287 209 73 1,005 1,293 205 73 1,014 1,298 201 73 1,024 1,310 203 73 1,034 1,316 199 73 1,044 1,330 201 73 1,056 825 937 974 926 925 903 902 904 897 900 883 2,019 2,205 2,241 2,198 2,198 2,190 2,195 2,203 2,207 2,216 2,213 Ending Stocks CCC Inventory Under Loan Other Stocks 963 0 39 924 829 0 49 780 748 0 47 701 729 0 46 683 721 0 44 678 721 0 44 677 715 0 42 673 712 0 41 671 713 0 41 672 711 0 40 671 716 0 41 675 Prices, Program Provisions Farm Price Loan Rate Target Price Direct Payment Rate 4.92 2.75 3.92 0.52 4.58 2.94 4.17 0.52 4.74 2.94 4.17 0.52 4.81 2.94 4.17 0.52 (U.S. Dollars per Bushel) 4.90 4.90 4.99 2.94 2.94 2.94 4.17 4.17 4.17 0.52 0.52 0.52 5.04 2.94 4.17 0.52 5.05 2.94 4.17 0.52 5.11 2.94 4.17 0.52 5.06 2.94 4.17 0.52 Base Area 72.8 72.9 72.9 72.9 (Million Acres) 72.9 72.9 72.9 72.9 72.9 72.9 72.9 Direct Payment Yield CCP Yield 34.4 36.0 34.4 36.0 34.4 36.0 34.4 36.0 (Bushels per Acre) 34.4 34.4 34.4 36.0 36.0 36.0 34.4 36.0 34.4 36.0 34.4 36.0 34.4 36.0 ACRE Participation Rate 12.7 19.1 20.3 21.6 21.6 21.6 21.6 21.6 21.6 21.6 Returns and Payments Gross Market Revenue Variable Expenses Market Net Returns Marketing Loan Benefits ACRE Payments CCP Payment/Base Direct Payment/Base 218.46 108.07 110.39 0.00 3.18 0.00 14.52 197.70 108.60 89.10 0.00 4.10 0.00 14.33 208.36 114.30 94.06 0.00 1.68 0.00 14.30 213.17 118.01 95.15 0.00 0.00 0.00 14.55 (U.S. Dollars per Acre) 218.97 220.29 225.88 121.04 124.38 129.02 97.92 95.91 96.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14.55 14.55 14.55 230.14 132.23 97.91 0.00 0.00 0.00 14.55 232.83 134.52 98.31 0.00 0.00 0.00 14.55 237.19 136.85 100.34 0.00 0.00 0.00 14.55 236.44 138.92 97.53 0.00 0.15 0.00 14.55 Exports Total Use 13/14 14/15 (Percent) 21.6 74 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Rice After two straight years of relatively high prices, U.S. rice acreage and production increased sharply in 2009/10. In spite of modest increases in 2009/10 domestic use and exports, projected rice carryover stocks increase. These large stocks boost 2010/11 rice supplies, even if rice acreage and production decline as projected. After reaching record levels in 2008/09, U.S. and world rice prices have declined in response to increasing rice supplies. Projected rice prices fall even more sharply in 2010/11. The prices that prevailed from 2007 to 2009 are unlikely to persist given the projected global supply-demand balance. Farm rice prices average slightly less than $10 per hundredweight after 2010/11. Short- and medium-grain rice continues to sell at a large premium compared to long-grain rice. Lower projected rice prices sharply reduce net returns to rice producers in 2009/10 and 2010/11. After a dip in 2009/10, rice variable production expenses rise steadily, eroding producer net returns. Lower producer returns for rice relative to other crops results in lower rice acreage in 2010. Short- and mediumgrain rice account for most of the decline. Domestic per capita rice consumption increases slightly over the baseline, but population growth accounts for most of the increase in rice domestic use. U.S. Crops: FAPRI 2010 Agricultural Outlook / 75 U.S. Rice Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 3.14 3.10 2.96 2.94 2.80 2.78 2.79 2.77 2.79 2.77 2.78 2.76 2.78 2.76 2.79 2.77 2.82 2.79 Yield 7,085 7,178 7,242 7,309 (Pounds per Acre) 7,377 7,444 7,511 7,577 7,632 7,687 7,742 Supply Beginning Stocks Production Imports 271.3 30.4 219.9 21.0 274.0 42.2 210.9 20.9 265.8 42.7 201.7 21.4 263.4 39.2 202.4 21.8 (Million Hundredweight) 264.3 266.2 268.4 37.3 37.2 37.6 204.9 206.6 207.9 22.1 22.5 22.9 270.6 38.2 209.1 23.3 273.2 39.0 210.5 23.7 276.6 39.7 212.8 24.1 281.2 40.3 216.4 24.4 Domestic Use 130.2 133.3 134.9 136.5 138.2 139.9 141.6 143.4 145.1 146.8 148.4 98.9 97.9 91.6 89.7 89.0 88.7 88.5 88.1 88.4 89.4 91.7 229.1 231.2 226.5 226.2 227.1 228.6 230.1 231.5 233.5 236.2 240.2 42.2 0.0 42.2 42.7 0.0 42.7 39.2 0.0 39.2 37.3 0.0 37.3 37.2 0.0 37.2 37.6 0.0 37.6 38.2 0.0 38.2 39.0 0.0 39.0 39.7 0.0 39.7 40.3 0.0 40.3 41.0 0.0 41.0 13.79 11.41 6.50 10.50 2.35 9.91 8.02 6.50 10.50 2.35 9.81 7.80 6.50 10.50 2.35 9.90 7.87 6.50 10.50 2.35 9.77 7.70 6.50 10.50 2.35 9.83 7.81 6.50 10.50 2.35 9.88 7.90 6.50 10.50 2.35 10.03 8.18 6.50 10.50 2.35 4.35 4.35 4.35 4.35 4.35 4.35 4.35 4.35 4.35 4,818 5,131 4,818 5,131 4,818 5,131 4,818 5,131 (Pounds per Acre) 4,818 4,818 4,818 5,131 5,131 5,131 4,818 5,131 4,818 5,131 4,818 5,131 4,818 5,131 ACRE Participation Rate 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Returns and Payments Gross Market Revenue Variable Expenses Market Net Returns Marketing Loan Benefits ACRE Payments CCP Payment/Base Direct Payment/Base 977.37 430.23 547.14 0.00 0.00 0.00 94.32 711.46 444.12 267.35 0.00 0.00 0.00 94.32 710.58 468.79 241.79 0.00 0.00 0.00 94.32 723.57 485.12 238.45 0.00 0.00 0.00 96.25 (U.S. Dollars per Acre) 729.27 735.29 741.58 498.16 511.52 528.83 231.10 223.77 212.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 96.25 96.25 96.25 740.44 542.08 198.36 0.00 0.00 0.00 96.25 749.87 551.84 198.03 0.00 0.00 0.00 96.25 759.10 561.63 197.47 0.00 0.00 0.00 96.25 776.23 569.27 206.96 0.00 0.00 0.00 96.25 Area Planted Area Harvested Area Exports Total Use Ending Stocks CCC Inventory Other Stocks Prices, Program Provisions Farm Price Adjusted World Price Loan Rate Target Price Direct Payment Rate Base Area Direct Payment Yield CCP Yield Note: Figures in this table are in rough (paddy) basis. 13/14 14/15 (Million Acres) 2.80 2.80 2.78 2.78 (U.S. Dollars per Hundredweight) 9.89 9.88 9.87 7.86 7.85 7.83 6.50 6.50 6.50 10.50 10.50 10.50 2.35 2.35 2.35 (Million Acres) 4.35 4.35 0.0 (Percent) 0.0 76 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Long-Grain Rice Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 2.29 1.26 0.01 0.42 0.25 0.20 0.17 2.25 1.29 0.01 0.40 0.22 0.19 0.15 2.14 1.24 0.01 0.39 0.21 0.17 0.13 2.13 1.24 0.01 0.39 0.20 0.17 0.13 (Million Acres) 2.14 2.13 1.24 1.24 0.01 0.01 0.39 0.39 0.21 0.21 0.17 0.16 0.13 0.13 2.12 1.23 0.01 0.38 0.21 0.16 0.13 2.10 1.23 0.01 0.38 0.21 0.16 0.12 2.10 1.22 0.01 0.38 0.21 0.16 0.12 2.11 1.23 0.01 0.39 0.21 0.16 0.12 2.13 1.24 0.01 0.39 0.21 0.16 0.13 2.27 2.24 2.13 2.12 2.12 2.10 2.09 2.08 2.09 2.11 6,743 6,900 6,961 7,027 (Pounds per Acre) 7,093 7,159 7,224 7,290 7,346 7,401 7,457 190.80 20.05 152.73 18.03 194.41 22.05 154.36 18.00 189.66 23.37 147.99 18.30 189.60 22.27 148.78 18.55 (Million Hundredweight) 191.26 192.61 193.80 22.16 22.52 22.87 150.33 151.09 151.67 18.77 19.01 19.25 194.90 23.24 152.16 19.51 196.53 23.67 153.10 19.76 198.90 23.90 154.97 20.02 202.20 24.26 157.68 20.26 Domestic Use 99.38 100.44 101.34 102.62 103.98 105.12 106.36 107.59 108.49 109.71 110.68 Exports 69.37 70.60 66.06 64.82 64.77 64.62 64.19 63.64 64.14 64.92 66.96 Residual 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Ending Stocks 22.05 23.37 22.27 22.16 22.52 22.87 23.24 23.67 23.90 24.26 24.56 Prices Farm Price Milled Rice, Gulf Milled Rice, Thai 100% B 12.76 24.90 24.42 9.18 18.74 18.37 9.15 18.94 18.19 9.18 19.16 18.30 9.00 19.32 18.25 9.15 19.66 18.63 9.22 19.78 18.83 9.46 20.18 19.45 Area Planted Area Arkansas California Louisiana Mississippi Missouri Texas Harvested Area Yield Supply Beginning Stocks Production Imports 13/14 14/15 2.11 (U.S. Dollars per Hundredweight) 9.11 9.11 9.09 19.16 19.29 19.38 18.28 18.37 18.40 U.S. Crops: FAPRI 2010 Agricultural Outlook / 77 U.S. Medium- and Short-Grain Rice Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 0.85 0.23 0.56 0.06 0.00 0.00 0.01 0.70 0.14 0.52 0.04 0.00 0.00 0.01 0.66 0.12 0.50 0.03 0.00 0.00 0.01 0.66 0.12 0.50 0.03 0.00 0.00 0.01 (Million Acres) 0.66 0.67 0.12 0.12 0.50 0.51 0.03 0.03 0.00 0.00 0.00 0.00 0.01 0.01 0.67 0.12 0.51 0.03 0.00 0.00 0.01 0.68 0.12 0.51 0.03 0.00 0.00 0.01 0.68 0.13 0.51 0.03 0.00 0.00 0.01 0.68 0.13 0.51 0.03 0.00 0.00 0.01 0.69 0.13 0.52 0.03 0.00 0.00 0.01 0.84 0.70 0.66 0.65 0.66 0.67 0.67 0.67 0.67 0.68 Yield 8,010 8,069 8,152 8,227 (Pounds per Acre) 8,292 8,350 8,410 8,469 8,517 8,573 8,625 Supply Beginning Stocks Production Imports 78.09 8.02 67.13 2.95 77.17 17.73 56.49 2.95 73.75 16.99 53.67 3.09 71.44 14.60 53.62 3.22 (Million Hundredweight) 70.68 71.25 72.20 12.73 12.27 12.38 54.60 55.49 56.20 3.35 3.48 3.62 73.28 12.62 56.91 3.75 74.27 12.99 57.38 3.90 75.28 13.40 57.84 4.03 76.58 13.71 58.70 4.18 Domestic Use 30.84 32.85 33.60 33.87 34.22 34.77 35.23 35.83 36.60 37.08 37.73 Exports 29.52 27.33 25.55 24.84 24.19 24.10 24.35 24.46 24.28 24.49 24.78 Residual 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Ending Stocks 17.73 16.99 14.60 12.73 12.27 12.38 12.62 12.99 13.40 13.71 14.07 Prices Farm Price Milled Rice, California 16.94 35.38 12.81 27.03 12.54 26.47 12.79 26.98 12.72 26.85 12.51 26.40 12.52 26.43 12.44 26.28 Area Planted Area Arkansas California Louisiana Mississippi Missouri Texas Harvested Area 13/14 14/15 0.66 (U.S. Dollars per Hundredweight) 12.91 12.86 12.89 27.22 27.11 27.17 78 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Corn The pace of growth in ethanol use of corn slows. The RFS2 encourages increased ethanol use of corn until 2015. Any additional growth will occur only if corn-based ethanol is competitive as a fuel. Ethanol continues to account for an increasing share of corn use. Starting in 2017/18, more corn is used in ethanol production than is fed directly to livestock. U.S. livestock and poultry production has declined since 2008 and only modest growth is projected, limiting growth in total feed consumption. Increased use of distillers grains and other coproducts of ethanol production also limits the direct use of corn as a feed. Reported feed and residual use includes a residual category that can vary from year to year for reasons unrelated to actual feed consumption. This residual use helps explain the reported drop in feed and residual use in 2008/09 and the projected increase in 2009/10. U.S. corn exports fell sharply in 2008/09, and the 2009/10 exports may increase less than shown in the table, based on information that only became available after the baseline was completed. Projected corn exports increase slowly after 2010/11, as U.S. producers satisfy a portion of growing global feed demand. Higher corn prices have resulted in a large increase in producer market receipts since 2005/06. Corn production expenses, which increased sharply in 2008/09, have moderated somewhat. With prices also falling, the profitability of corn production declines in 2009/10 but remains above pre-2007 levels. Projected corn acreage increases in 2010, as expected returns to corn production are favorable compared to those for soybeans, wheat, and most other competing crops. Acreage increases further in later years but remains below the 2007 peak. Farm program payments are small relative to corn market receipts. Marketing loan benefits and countercyclical payments will occur only if corn prices fall far below the projected levels. ACRE program participation rates are expected to remain low. U.S. Crops: FAPRI 2010 Agricultural Outlook / 79 U.S. Corn Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 86.5 79.6 89.6 82.3 90.3 83.0 90.1 82.9 90.9 83.7 90.9 83.7 90.9 83.7 91.0 83.8 90.6 83.6 165.2 159.7 161.9 164.0 (Bushels per Acre) 166.1 168.3 170.5 172.8 175.0 177.0 178.9 Supply Beginning Stocks Production Imports 14,834 1,673 13,151 10 14,882 1,723 13,149 10 15,048 1,601 13,438 10 15,183 1,588 13,585 10 (Million Bushels) 15,401 15,619 15,815 1,559 1,545 1,536 13,832 14,065 14,270 10 10 10 15,999 1,522 14,468 10 16,188 1,532 14,646 10 16,375 1,528 14,837 10 16,503 1,542 14,952 10 Domestic Use Feed, Residual Fuel Alcohol HFCS Seed Food, Other 11,061 5,506 4,254 477 23 801 11,264 5,274 4,693 473 23 801 11,411 5,331 4,778 472 23 806 11,513 5,354 4,847 478 23 812 11,681 5,377 4,981 481 23 818 11,893 5,390 5,173 483 23 824 12,057 5,405 5,316 484 23 830 12,198 5,448 5,405 485 23 837 12,321 5,463 5,506 487 23 843 12,436 5,499 5,576 488 23 849 12,493 5,525 5,599 490 23 857 2,050 2,017 2,048 2,110 2,176 2,189 2,236 2,269 2,340 2,397 2,443 13,110 13,281 13,460 13,624 13,856 14,083 14,294 14,467 14,661 14,833 14,936 1,723 0 237 1,487 1,601 0 216 1,385 1,588 0 214 1,374 1,559 0 211 1,348 1,545 0 207 1,337 1,536 0 205 1,331 1,522 0 200 1,322 1,532 0 205 1,327 1,528 0 204 1,324 1,542 0 207 1,335 1,567 0 216 1,351 3.60 1.95 2.63 0.28 3.71 1.95 2.63 0.28 3.75 1.95 2.63 0.28 3.78 1.95 2.63 0.28 (U.S. Dollars per Bushel) 3.82 3.86 3.91 1.95 1.95 1.95 2.63 2.63 2.63 0.28 0.28 0.28 3.89 1.95 2.63 0.28 3.92 1.95 2.63 0.28 3.92 1.95 2.63 0.28 3.87 1.95 2.63 0.28 84.4 84.5 84.5 84.5 84.5 84.5 84.5 84.5 84.5 102.5 114.5 102.5 114.5 102.5 114.5 102.5 114.5 (Bushels per Acre) 102.5 102.5 102.5 114.5 114.5 114.5 102.5 114.5 102.5 114.5 102.5 114.5 102.5 114.5 ACRE Participation Rate 15.6 20.3 21.8 23.4 23.4 23.4 23.4 23.4 23.4 Returns and Payments Gross Market Revenue Variable Expenses Market Net Returns Marketing Loan Benefits ACRE Payments CCP Payment/Base Direct Payment/Base 593.94 255.46 338.48 0.00 0.45 0.00 23.16 592.69 255.62 337.06 0.00 0.00 0.00 22.94 606.89 268.69 338.20 0.00 0.00 0.00 22.86 619.62 277.14 342.48 0.00 0.00 0.00 23.25 (U.S. Dollars per Acre) 635.15 649.50 666.27 284.09 291.91 303.18 351.06 357.59 363.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23.25 23.25 23.25 672.66 310.58 362.09 0.00 0.00 0.00 23.25 685.08 315.71 369.37 0.00 0.00 0.00 23.25 693.10 321.02 372.08 0.00 0.00 0.00 23.25 692.41 326.01 366.39 0.00 0.00 0.00 23.25 Area Planted Area Harvested Area Yield Actual Exports Total Use Ending Stocks CCC Inventory Under Loan Other Stocks Prices, Program Provisions Farm Price Loan Rate Target Price Direct Payment Rate Base Area Direct Payment Yield CCP Yield 13/14 14/15 (Million Acres) 90.5 90.8 83.3 83.6 (Million Acres) 84.5 84.5 23.4 (Percent) 23.4 80 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Ethanol and Biofuel Policy Provisions Projected growth in corn-based ethanol slows, but production still reaches 16 billion gallons by 2019/20. Imported sugar-based ethanol is assumed to satisfy most of the RFS2 for advanced biofuels not met by cellulosic ethanol or biodiesel. Future cellulosic ethanol production growth is very uncertain. Projected supplies are well below the levels envisioned in the EISA. Given projected levels of gasoline consumption, less than 14 billion gallons of ethanol can be used in 10% blends. To utilize the projected supplies of ethanol, use of higher-level blends must increase rapidly after 2011/12. The baseline does not assume intermediate blends such as E-15. For E-85 use to grow rapidly, there must be investment in flex-fuel vehicles and distribution infrastructure, and the fuel must be priced competitively. Because of EISA, different types of ethanol can command different prices. Producer prices for advanced ethanol can exceed prices for conventional ethanol to generate the supplies required. Cellulosic ethanol prices are effectively capped when EISA targets are not met. When the RFS2 is binding, Renewable Identification Numbers (RINs) take on value. RINs reflect the price biofuel blenders would be willing to pay not to use the required quantities of biofuel. For the first time, the baseline includes market projections for corn stover and switchgrass as feedstocks for cellulosic ethanol production. Assuming some reductions in production, collection, and processing costs, cellulosic ethanol production expands rapidly after 2015. Great uncertainty surrounds these projections for markets that do not yet exist using technologies that have yet to be demonstrated on a commercial scale. U.S. Crops: FAPRI 2010 Agricultural Outlook / 81 U.S. Ethanol Supply and Utilization 09/10 10/11 11/12 12/13 Supply Production From Corn From Other Feedstocks Cellulosic Imports (Ethyl Alcohol) 11,869 11,620 248 1 326 13,174 12,888 278 8 393 13,539 13,191 297 50 419 Domestic Use Disappearance Conventional Cellulosic Other Advanced Ethanol 11,976 11,709 1 265 13,386 13,046 8 333 Exports (Ethyl Alcohol) 125 Ending Stocks 15/16 16/17 17/18 18/19 19/20 13,867 13,450 307 110 424 (Million Gallons) 14,392 15,098 15,682 13,896 14,505 14,984 315 329 341 181 265 357 473 658 1,129 16,116 15,314 346 456 1,561 16,590 15,680 350 560 2,036 17,109 15,962 352 795 2,507 17,704 16,107 355 1,241 2,756 13,837 13,427 50 359 14,164 13,690 110 364 14,734 14,140 181 413 15,623 14,761 265 598 16,681 15,255 357 1,069 17,540 15,583 456 1,501 18,486 15,950 560 1,976 19,469 16,227 795 2,447 20,306 16,369 1,241 2,696 115 102 108 104 100 102 112 115 120 121 723 788 808 826 853 886 914 938 963 991 1,024 Prices Petroleum, Ref. Acquisition Petroleum, W. Texas Interm. 61.98 66.07 68.93 74.15 75.53 81.16 79.85 85.73 (Dollars per Barrel) 83.12 86.63 90.30 89.19 92.89 96.78 92.82 99.43 94.45 101.13 94.43 101.09 93.67 100.26 Unl. Gasoline, FOB Omaha Unleaded Gasoline, Retail 1.87 2.50 2.09 2.72 2.25 2.89 2.36 3.00 (Dollars per Gallon) 2.45 2.54 2.63 3.09 3.19 3.28 2.70 3.35 2.74 3.40 2.75 3.41 2.73 3.40 1.74 1.57 n.a. n.a. 1.91 76.5% 1.76 1.59 3.30 1.76 1.94 71.5% 1.78 1.61 3.20 1.78 1.96 67.9% 1.78 1.60 3.14 1.78 1.96 65.4% 1.81 1.63 3.11 1.89 1.97 63.7% 1.87 1.69 3.11 2.18 2.01 63.1% 1.93 1.74 3.15 2.31 2.08 63.4% 1.92 1.73 3.18 2.39 2.12 63.3% 1.93 1.74 3.21 2.44 2.14 62.9% 1.94 1.75 3.28 2.50 2.15 63.1% 1.92 1.74 3.35 2.50 2.14 63.1% 2013 2014 2015 2016 2017 2018 2019 Ethanol, FOB Omaha * AMS Spot Plant, Iowa Cellulosic * Other Advanced * Ethanol, Implied Retail Ethanol/Gasoline Retail Ratio 13/14 14/15 * Rack prices. U.S. Biofuel Policy Provisions 2009 2010 2011 2012 11,100 600 500 12,950 950 100 650 13,950 1,350 250 800 15,200 2,000 500 1,000 (Million Gallon) 16,550 18,150 20,500 2,750 3,750 5,500 1,000 1,750 3,000 1,000 1,000 1,000 22,250 7,250 4,250 1,000 24,000 9,000 5,500 1,000 26,000 11,000 7,000 1,000 28,000 13,000 8,500 1,000 Taxes and Tariffs Ethanol Tax Credit Ethanol Specific Tariff 0.45 0.54 0.45 0.54 0.45 0.54 0.45 0.54 (Dollars per Gallon) 0.45 0.45 0.45 0.54 0.54 0.54 0.45 0.54 0.45 0.54 0.45 0.54 0.45 0.54 Ethanol Ad Valorem Tariff 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 2.50 Renewable Fuel Standard Advanced Biofuels Cellulosic Ethanol Biodiesel (Percent) 2.50 2.50 82 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Corn Products Rapid growth in dry mill ethanol production has resulted in growing supplies of distillers grains. Slower projected ethanol production growth results in slower growth in distillers grain production. The table reports the sum of wet and dried distillers grains on a dry-equivalent basis. Most of the product is fed to U.S. livestock, primarily beef and dairy cattle, but exports have increased rapidly. Over the long run, prices of distillers dried grains with solubles (DDGS) and corn gluten feed generally move with corn prices. Monthly DDGS prices in 2008 and 2009 dipped well below corn prices as increasing supplies were made available to livestock producers. Projected DDGS prices increase relative to corn in 2009/10 and remain around 90%-95% of corn prices in the baseline. Corn oil production from wet mill plants has been steady or declining in recent years. Wet mill plants produce ethanol, HFCS, and other products. The baseline projects an increase in the share of dry mill ethanol plants that fractionate corn to separate the corn oil. The increasing production of corn oil from fractionation puts downward pressure on corn oil prices relative to prices of soybean oil. Per capita HFCS domestic use has been declining, in part because of reduced consumption of caloric soft drinks. HFCS exports are projected to increase as Mexico imports more HFCS to use in its domestic soft drink industry. U.S. Crops: FAPRI 2010 Agricultural Outlook / 83 U.S. Corn Products Supply and Utilization 09/10 10/11 11/12 12/13 High-Fructose Corn Syrup Production Domestic Use Net Exports 8,755 8,194 561 8,702 8,038 664 8,710 7,958 752 Domestic Use per Capita 52.72 51.22 50.22 Price, 42% Midwest HFCS price/refined sugar price 26.19 61.0% 24.94 75.6% 25.15 77.8% Distillers, Brewers Grains Production (Dry Equivalent) Domestic Use Net Exports 33,514 27,339 6,176 37,064 30,621 6,442 Price, Lawrenceburg, IN DDGS Price/Corn Price 121.36 94.5% Corn Gluten Feed Production Domestic Use Net Exports Price, 21%, IL Points CGF price/corn price Corn Gluten Meal Production Domestic Use Net Exports Price, 60%, IL Points CGM price/soy meal price Corn Oil Production Domestic Use Net Exports Ending Stocks Chicago Price Corn oil price/soy oil price 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Tons, Oct.-Sept. Year) 8,824 8,903 8,956 8,987 7,985 7,990 7,984 7,965 839 913 971 1,021 9,034 7,971 1,064 9,078 7,972 1,106 9,126 7,977 1,150 9,178 7,983 1,195 (Pounds per Capita, Oct.-Sept. Year) 49.91 49.46 48.96 48.37 47.95 47.50 47.08 46.67 (Cents per Pound, Oct.-Sept. Year) 25.57 25.84 26.32 26.66 77.7% 78.2% 78.8% 79.6% 26.73 80.0% 26.85 80.4% 27.00 80.8% 27.03 81.1% 37,722 31,031 6,690 (Thousand Tons, Sept.-Aug. Year) 38,253 39,325 40,835 41,953 31,321 32,171 33,462 34,382 6,932 7,154 7,373 7,571 42,643 34,883 7,760 43,419 35,475 7,945 43,940 35,808 8,132 44,075 35,754 8,321 120.79 91.1% 123.07 91.9% (Dollars per Ton, Sept.-Aug. Year) 124.60 126.32 127.76 129.44 92.3% 92.5% 92.7% 92.8% 129.93 93.5% 130.99 93.7% 131.58 94.1% 131.26 95.0% 7,803 7,008 794 7,842 7,077 765 7,838 7,106 732 (Thousand Tons, Sept.-Aug. Year) 7,859 7,881 7,916 7,932 7,158 7,209 7,271 7,318 701 672 644 614 7,945 7,356 589 7,965 7,403 561 7,987 7,452 536 8,004 7,490 514 83.65 65.1% 83.75 63.2% 85.16 63.6% (Dollars per Ton, Sept.-Aug. Year) 85.93 87.01 87.85 88.88 63.7% 63.7% 63.7% 63.7% 88.75 63.9% 89.28 63.8% 89.34 63.9% 88.56 64.1% 2,053 1,270 783 2,064 1,264 800 2,063 1,255 807 (Thousand Tons, Sept.-Aug. Year) 2,068 2,074 2,083 2,087 1,252 1,248 1,248 1,242 816 826 835 846 2,091 1,235 856 2,096 1,230 866 2,102 1,226 876 2,106 1,220 886 454.62 155.4% 429.83 158.2% 438.06 157.3% (Dollars per Ton, Sept.-Aug. Year) 439.62 443.23 446.79 447.57 448.34 157.2% 156.8% 156.4% 156.4% 156.3% 449.42 156.3% 449.73 156.3% 450.37 156.2% 2,560 1,807 761 197 2,648 1,874 768 204 2,707 1,949 764 198 3,078 2,302 775 208 3,150 2,373 776 209 3,220 2,440 778 211 3,281 2,497 781 213 36.96 100.3% 36.16 99.9% 38.56 99.4% 41.77 97.5% 42.61 97.2% 43.27 96.9% 43.65 96.7% (Million Pounds, Oct.-Sept. Year) 2,772 2,845 2,932 3,009 2,005 2,073 2,157 2,234 766 769 772 773 200 203 206 207 (Cents per Pound, Oct.-Sept. Year) 39.08 39.30 39.89 40.85 99.0% 98.6% 98.1% 97.8% 84 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Corn Processing Lower ethanol prices severely squeezed ethanol plant margins in 2008/09, and lower corn prices have slightly improved profitability at dry mill ethanol plants in 2009/10. Ethanol producer net operating returns remain far lower than during the 2005-2007 period, contributing to a sharp slowdown in ethanol plant capacity expansion. Actual net returns to ethanol production depend on petroleum prices, the weather, policy, and other factors that are difficult to predict. For example, high petroleum prices may raise ethanol prices and net returns, while a drought could raise corn prices and reduce ethanol net returns. Lower returns reduced corn ethanol capacity utilization rates in 2008/09, and some plants remained idle in the first few months of the 2009/10 marketing year. From 2010 to 2019, net returns over operating costs average about $0.30 per gallon. Operating costs exclude capital costs; net profits are lower. Utilization rates increase in 2010/11 in response to more favorable margins. The pattern of net returns for wet mill ethanol plants over time is very similar to that for dry mill plants. Capital costs and average returns over operating costs generally are higher for wet mill plants than for dry mill plants. Ethanol use accounts for most of the growth in food and industrial use of corn. U.S. Crops: FAPRI 2010 Agricultural Outlook / 85 U.S. Corn Processing 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 Corn Food, Industrial Use Fuel Alcohol HFCS Glucose and Dextrose Starch Beverage Alcohol Cereals and Other Total 4,254 477 237 234 135 194 5,531 4,693 473 234 236 136 195 5,967 4,778 472 235 238 137 197 6,057 4,847 478 236 240 138 199 6,137 (Million Bushels) 4,981 5,173 5,316 481 483 484 237 238 239 242 244 247 139 140 141 200 202 204 6,280 6,480 6,629 5,405 485 240 249 142 206 6,727 5,506 487 241 251 143 207 6,835 5,576 488 242 254 145 209 6,914 5,599 490 243 257 146 211 6,945 Corn Dry Milling Corn Dry Milled for Ethanol (Share of Total Ethanol) (Share Fractionating) 3,833 90.1% 9.5% 4,260 90.8% 10.9% 4,348 91.0% 12.5% 4,422 91.2% 14.1% 4,893 92.0% 18.6% 4,985 92.2% 20.0% 5,087 92.4% 21.4% 5,159 92.5% 22.7% 5,184 92.6% 24.0% Yields per Bushel of Corn Ethanol (Gallons) Distillers Grains (Pounds) 2.74 16.86 2.75 16.83 2.77 16.79 2.78 16.75 (Units per Bushel) 2.80 2.81 2.83 16.72 16.68 16.65 2.84 16.62 2.86 16.59 2.87 16.56 2.89 16.53 Costs and Returns Ethanol Value Distillers Grains Value Corn Cost Fuel and Electricity Cost Other Operating Costs Net Operating Return 1.74 0.37 -1.31 -0.16 -0.33 0.30 1.76 0.37 -1.35 -0.19 -0.33 0.27 1.78 0.37 -1.36 -0.20 -0.33 0.26 1.78 0.38 -1.36 -0.20 -0.33 0.26 (Dollars per Gallon) 1.81 1.87 0.38 0.38 -1.37 -1.37 -0.21 -0.23 -0.34 -0.34 0.27 0.31 1.93 0.38 -1.38 -0.25 -0.34 0.33 1.92 0.38 -1.37 -0.26 -0.35 0.32 1.93 0.38 -1.37 -0.26 -0.35 0.33 1.94 0.38 -1.36 -0.27 -0.35 0.33 1.92 0.38 -1.34 -0.28 -0.36 0.32 Corn Wet Milling Corn Wet Milled for Ethanol (Share of Total Ethanol) Other Corn Wet Milling Total Corn Wet Milling 421 9.9% 948 1,369 433 9.2% 943 1,376 430 9.0% 945 1,375 425 8.8% 954 1,379 (Million Bushels) 422 423 423 8.5% 8.2% 8.0% 960 965 969 1,383 1,389 1,392 420 7.8% 974 1,394 419 7.6% 979 1,397 417 7.5% 984 1,401 415 7.4% 989 1,404 Yields per Bushel of Corn Ethanol (Gallons) Gluten Feed (Pounds) Gluten Meal (Pounds) Corn Oil (Pounds) 2.69 11.40 3.00 1.67 2.70 11.40 3.00 1.67 2.71 11.40 3.00 1.67 2.71 11.40 3.00 1.67 (Units per Bushel) 2.72 2.73 2.74 11.40 11.40 11.40 3.00 3.00 3.00 1.67 1.67 1.67 2.74 11.40 3.00 1.67 2.75 11.40 3.00 1.67 2.76 11.40 3.00 1.67 2.77 11.40 3.00 1.67 Costs and Returns Ethanol Value Gluten Feed Value Gluten Meal Value Corn Oil Value Corn Cost Fuel and Electricity Cost Other Operating Costs Net Operating Return 1.74 0.18 0.25 0.23 -1.34 -0.13 -0.52 0.41 1.76 0.18 0.24 0.22 -1.38 -0.15 -0.52 0.36 1.78 0.18 0.24 0.24 -1.39 -0.16 -0.53 0.37 1.78 0.18 0.24 0.24 -1.39 -0.16 -0.53 0.36 (Dollars per Gallon) 1.81 1.87 0.18 0.18 0.24 0.25 0.24 0.24 -1.41 -1.41 -0.17 -0.18 -0.53 -0.54 0.37 0.41 1.92 0.18 0.25 0.25 -1.42 -0.20 -0.55 0.43 1.93 0.19 0.25 0.26 -1.42 -0.21 -0.55 0.43 1.94 0.18 0.24 0.26 -1.42 -0.21 -0.56 0.43 1.92 0.18 0.24 0.26 -1.40 -0.22 -0.56 0.43 4,559 91.5% 15.6% 14/15 4,749 91.8% 17.1% 1.93 0.19 0.25 0.25 -1.43 -0.20 -0.54 0.43 86 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Sorghum Sorghum acreage declined sharply in 2009 as sorghum prices retreated from their 2008 peak. Projected sorghum area planted increases in 2010 but remains well below the 2008 level. Food and industrial use of sorghum has increased because of expanded ethanol production. The baseline projects continued moderate growth in ethanol use of sorghum. The grain sorghum projections do not incorporate any potential use of sweet sorghum as a biofuel feedstock. In 2008/09, large sorghum supplies led to low sorghum prices relative to corn prices and a sharp expansion of sorghum feed use. Reduced sorghum supplies in 2009/10 have resulted in higher sorghum prices relative to corn and a reduction in sorghum feed use. In the baseline, sorghum prices move with corn prices so that sorghum continues to be competitive in feed rations. Sorghum export demand has weakened since NAFTA implementation eliminated remaining barriers to Mexican corn imports from the United States. Higher yields contribute to an increase in sorghum market returns per acre in 2009/10. Lower fuel and fertilizer expenses reduced sorghum production costs in 2009/10, resulting in higher net returns. Over the next 10 years, projected sorghum variable expenses increase slightly faster than sorghum market receipts. This leads to a reduction in sorghum planted area. U.S. Crops: FAPRI 2010 Agricultural Outlook / 87 U.S. Sorghum Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 Area Planted Area Harvested Area 6.63 5.52 7.37 6.22 7.19 6.07 7.02 5.92 (Million Acres) 6.95 6.89 5.85 5.80 6.84 5.74 6.78 5.69 6.75 5.66 6.73 5.63 6.65 5.55 Yield Actual 69.4 64.2 64.3 64.4 (Bushels per Acre) 64.5 64.6 64.8 65.0 65.2 65.2 65.3 Supply Beginning Stocks Production Imports 438 55 383 0 454 55 399 0 448 58 391 0 439 58 381 0 (Million Bushels) 434 430 56 56 377 375 0 0 428 55 372 0 425 55 370 0 423 55 369 0 422 55 367 0 418 55 363 0 Domestic Use Feed, Residual Food, Seed, Ind. 243 149 94 258 157 101 263 156 106 257 148 109 253 142 111 251 137 114 248 130 117 242 123 119 237 117 120 230 109 120 232 111 122 Exports 140 138 128 125 125 124 125 128 131 137 129 Total Use 383 396 390 382 378 375 373 370 368 367 361 55 0 1 54 58 0 1 57 58 0 1 57 56 0 1 56 56 0 1 55 55 0 1 55 55 0 0 54 55 0 0 55 55 0 0 55 55 0 0 55 57 0 0 56 3.26 1.95 2.57 0.35 3.34 1.95 2.63 0.35 3.33 1.95 2.63 0.35 3.37 1.95 2.63 0.35 3.55 1.95 2.63 0.35 3.57 1.95 2.63 0.35 3.62 1.95 2.63 0.35 3.66 1.95 2.63 0.35 3.58 1.95 2.63 0.35 11.50 11.51 11.51 11.52 11.52 11.52 11.52 11.52 11.52 Direct Payment Yield CCP Yield 56.7 58.4 56.7 58.4 56.7 58.4 56.7 58.4 (Bushels per Acre) 56.7 56.7 56.7 58.4 58.4 58.4 56.7 58.4 56.7 58.4 56.7 58.4 56.7 58.4 ACRE Participation Rate Sorghum/corn price ratio 7.3 90.6 9.5 90.0 10.2 88.9 11.0 89.3 11.0 89.7 11.0 90.7 11.0 91.6 11.0 92.3 11.0 93.3 11.0 92.5 Returns and Payments Gross Market Revenue Variable Expenses Market Net Returns Marketing Loan Benefits ACRE Payments CCP Payment/Base Direct Payment/Base 226.09 133.04 93.05 0.00 0.73 0.00 16.29 214.23 136.42 77.81 0.00 0.19 0.00 16.22 214.30 144.44 69.86 0.00 0.00 0.00 16.19 217.15 149.64 67.51 0.00 0.00 0.00 16.50 (U.S. Dollars per Acre) 221.05 224.46 229.77 153.71 157.98 163.74 67.34 66.47 66.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16.50 16.50 16.50 231.90 167.99 63.91 0.00 0.00 0.00 16.50 235.60 170.98 64.62 0.00 0.00 0.00 16.50 238.40 173.95 64.45 0.00 0.00 0.00 16.50 233.63 176.21 57.43 0.00 0.00 0.00 16.50 Ending Stocks CCC Inventory Under Loan Other Stocks Prices, Program Provisions Farm Price Loan Rate Target Price Direct Payment Rate Base Area 13/14 14/15 (Dollars per Bushel) 3.43 3.47 1.95 1.95 2.63 2.63 0.35 0.35 (Million Acres) 11.52 11.52 (Percent) 11.0 90.0 88 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Barley Strong international demand for barley and other grains contributed to a large increase in barley prices in 2007/08, and U.S. barley exports reached their highest level since 2000/01. Weaker international markets have reduced demand for U.S. barley exports. As a result, the United States becomes a net importer of barley in 2009/10. Most U.S. barley is used in beer production. The share of the U.S. barley crop devoted to feed uses has declined dramatically in recent years, and further reductions are projected. U.S. barley carryover stocks have increased sharply since 2007/08. This is likely to result in lower prices for malting barley contracts, and it has already resulted in sharply lower prices for feed barley. Barley net returns remain strong in 2009/10, as lower prices are offset by higher yields and lower production expenses. A further decline in market prices and a return to normal yields results in lower net returns in 2010/11. U.S. Crops: FAPRI 2010 Agricultural Outlook / 89 U.S. Barley Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 Area Planted Area Harvested Area 3.57 3.11 3.65 3.19 3.40 2.97 3.42 2.99 (Million Acres) 3.40 3.36 2.98 2.94 3.31 2.89 3.24 2.84 3.19 2.79 3.13 2.74 3.08 2.69 Yield Actual 73.0 67.3 68.0 68.6 (Bushels per Acre) 69.2 69.8 70.4 71.0 71.7 72.3 72.9 Supply Beginning Stocks Production Imports 341 89 227 25 343 114 215 15 319 100 202 17 313 89 205 19 (Million Bushels) 313 312 88 88 206 205 19 19 310 88 203 19 308 88 201 19 307 88 200 19 306 89 198 19 305 89 196 19 Domestic Use Feed, Residual Food, Seed, Ind. 222 52 170 224 51 173 215 42 173 213 40 172 212 40 173 211 39 173 209 37 172 207 35 173 206 33 173 204 31 173 203 29 174 5 19 15 13 13 13 13 13 13 13 12 Total Use 227 243 230 226 225 224 222 220 218 217 215 Ending Stocks CCC Inventory Under Loan Other Stocks 114 0 3 111 100 0 9 91 89 0 7 83 88 0 6 82 88 0 5 83 88 0 5 83 88 0 5 83 88 0 5 84 89 0 5 84 89 0 5 84 90 0 5 85 Prices, Program Provisions All Barley Farm Price Feed Barley Price Loan Rate Target Price Direct Payment 4.46 2.82 1.85 2.24 0.24 3.90 2.83 1.95 2.63 0.24 4.06 2.92 1.95 2.63 0.24 4.17 2.98 1.95 2.63 0.24 (Dollars per Bushel) 4.21 4.24 3.02 3.05 1.95 1.95 2.63 2.63 0.24 0.24 4.27 3.08 1.95 2.63 0.24 4.25 3.07 1.95 2.63 0.24 4.26 3.08 1.95 2.63 0.24 4.26 3.08 1.95 2.63 0.24 4.21 3.04 1.95 2.63 0.24 Base Area 8.35 8.36 8.36 8.37 (Million Acres) 8.37 8.37 8.37 8.37 8.37 8.37 8.37 Direct Payment Yield CCP Yield 47.4 48.5 47.4 48.5 47.4 48.5 47.4 48.5 (Bushels per Acre) 47.4 47.4 47.4 48.5 48.5 48.5 47.4 48.5 47.4 48.5 47.4 48.5 47.4 48.5 ACRE Participation Rate 14.1 18.3 19.7 21.2 21.2 21.2 21.2 21.2 21.2 21.2 Returns and Payments Gross Market Revenue Variable Expenses Market Net Returns Marketing Loan Benefits ACRE Payments CCP Payment/Base Direct Payment/Base 325.92 125.45 200.48 0.00 0.00 0.00 9.21 262.17 126.48 135.68 0.00 3.13 0.00 9.13 275.97 133.05 142.92 0.00 0.00 0.00 9.10 285.89 137.35 148.54 0.00 0.00 0.00 9.26 (U.S. Dollars per Acre) 291.56 295.99 300.59 140.88 144.70 149.94 150.68 151.29 150.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.26 9.26 9.26 301.99 153.61 148.38 0.00 0.00 0.00 9.26 305.57 156.27 149.29 0.00 0.00 0.00 9.26 307.86 158.99 148.87 0.00 0.00 0.00 9.26 307.32 161.39 145.93 0.00 0.00 0.00 9.26 Exports 13/14 14/15 (Percent) 21.15 90 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Oats The five years of consecutive declines in U.S. oats production were temporarily reversed in 2009 because of increasing area and strong yields. In subsequent years, oats production is projected to decline as area contracts over time. Imports exceed domestic production, and this pattern is expected to persist over the next 10 years. As with other grains, oat prices have retreated since peaking in the summer of 2008. The season-average farm price falls by one-third in 2009/10. Food and industrial uses of oats are projected to remain stable in per capita terms. After an increase in 2009/10, feed use of oats resumes its long-term decline. In spite of a decline in variable production expenses, net returns to oat producers also decline in 2009/10. Over the next decade, projected oat market receipts and production expenses increase at similar rates, leaving average net returns essentially flat. Reported returns do not include income from sale of oats straw. U.S. Crops: FAPRI 2010 Agricultural Outlook / 91 U.S. Oat Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 Area Planted Area Harvested Area 3.40 1.38 3.32 1.41 3.36 1.42 3.32 1.40 (Million Acres) 3.27 3.22 1.37 1.35 3.18 1.32 3.13 1.30 3.09 1.28 3.04 1.25 3.01 1.24 Yield Actual 67.5 63.6 64.0 64.3 (Bushels per Acre) 64.6 64.9 65.3 65.6 65.9 66.3 66.6 Supply Beginning Stocks Production Imports 272 84 93 95 263 69 90 104 261 65 91 105 259 64 90 106 (Million Bushels) 258 257 63 63 89 87 106 106 257 63 86 107 256 63 85 107 255 64 84 107 255 64 83 108 255 64 83 108 Domestic Use Feed, Residual Food, Seed, Ind. 200 124 75 194 118 76 193 117 77 192 115 77 191 113 78 191 112 79 190 110 79 189 109 80 188 107 81 187 106 81 186 104 82 3 3 3 3 3 3 3 3 3 3 3 203 198 197 196 195 194 193 192 191 191 190 69 0 0 68 65 0 0 64 64 0 0 63 63 0 0 63 63 0 0 63 63 0 0 63 63 0 0 63 64 0 0 63 64 0 0 64 64 0 0 64 65 0 0 64 2.07 1.33 1.44 0.02 2.20 1.39 1.79 0.02 2.26 1.39 1.79 0.02 2.29 1.39 1.79 0.02 (Dollars per Bushel) 2.32 2.35 1.39 1.39 1.79 1.79 0.02 0.02 2.37 1.39 1.79 0.02 2.38 1.39 1.79 0.02 2.40 1.39 1.79 0.02 2.41 1.39 1.79 0.02 2.41 1.39 1.79 0.02 Base Area 2.95 2.96 2.96 2.96 (Million Acres) 2.96 2.96 2.96 2.96 2.96 2.96 2.96 Direct Payment Yield CCP Yield 48.3 49.8 48.3 49.8 48.3 49.8 48.3 49.8 (Bushels per Acre) 48.3 48.3 48.3 49.8 49.8 49.8 48.3 49.8 48.3 49.8 48.3 49.8 48.3 49.8 ACRE Participation Rate 5.9 7.7 8.3 8.9 8.9 8.9 8.9 8.9 8.9 Returns and Payments Gross Market Revenue Variable Expenses Market Net Returns Marketing Loan Benefits ACRE Payments CCP Payment/Base Direct Payment/Base 139.42 94.23 45.19 0.00 0.48 0.00 0.95 139.72 94.33 45.39 0.00 0.31 0.00 0.95 144.56 99.28 45.28 0.00 0.06 0.00 0.95 147.36 102.46 44.90 0.00 0.00 0.00 0.97 (U.S. Dollars per Acre) 149.97 152.31 154.95 105.02 107.91 112.01 44.94 44.40 42.94 0.00 0.00 0.00 0.02 0.01 0.01 0.00 0.00 0.00 0.97 0.97 0.97 156.30 114.82 41.48 0.00 0.03 0.00 0.97 158.28 116.79 41.48 0.00 0.03 0.00 0.97 159.85 118.80 41.05 0.00 0.03 0.00 0.97 160.32 120.57 39.75 0.00 0.04 0.00 0.97 Exports Total Use Ending Stocks CCC Inventory Under Loan Other Stocks Prices, Program Provisions Farm Price Loan Rate Target Price Direct Payment 13/14 8.9 14/15 (Percent) 8.9 92 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Hay Tight hay supplies led to record hay prices in 2008/09. As hay supplies increase relative to cattle numbers, hay prices fall in 2009/10 and remain far below the 2008/09 level in later years. Hay yields per acre increased for the third straight year in 2009, and a further modest increase in hay yields and production is projected for 2010. Hay stocks continue to rebuild in 2009/10 and 2010/11, putting downward pressure on hay prices. Lower hay prices encourage a modest increase in hay disappearance for the next several years. Beginning in 2014/15, increasing cattle numbers contribute to growth in hay disappearance and a slight recovery in hay prices. Average projected hay production and disappearance are almost the same after 2010/11. Deviations from average weather and other factors will result in variability not reflected in these projections. Hay markets are more fragmented than markets for most other agricultural commodities, so trends in national average prices may not reflect local conditions. U.S. Crops: FAPRI 2010 Agricultural Outlook / 93 U.S. Hay Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 59.8 60.1 60.0 59.8 Yield 2.47 2.49 2.50 2.51 Supply Production Beginning Stocks 169.5 147.4 22.1 172.4 149.8 22.6 173.9 150.0 23.9 174.5 150.0 24.4 Disappearance 146.9 148.5 149.4 Ending Stocks 22.6 23.9 114.95 124.42 110.12 118.92 Prices All-Hay (crop year) Alfalfa (calendar year) 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Million Acres) 59.6 59.5 59.3 59.3 59.2 59.2 59.2 (Tons per Acre) 2.52 2.53 2.54 2.54 2.55 2.56 2.57 (Million Tons) 174.9 175.2 150.1 150.2 24.8 25.0 175.6 150.5 25.1 175.9 150.8 25.1 176.1 151.2 24.9 176.4 151.6 24.8 176.6 151.9 24.7 149.7 149.9 150.1 150.5 151.0 151.3 151.7 152.0 24.4 24.8 25.0 25.1 25.1 24.9 24.8 24.7 24.6 108.81 115.62 107.97 114.37 (U.S. Dollars per Ton) 108.07 108.40 109.94 114.04 114.33 115.61 111.88 117.76 113.86 120.14 115.68 122.43 117.16 124.39 94 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Soybeans and Soybean Products Record soybean production results in only a modest increase in soybean stocks in 2009/10, as soybean use also hits record highs. A slight reduction in area and a return to more normal yields result in slightly lower projected soybean production in 2010/11. Projected average stocks and prices are fairly stable after 2010/11, but low stocks relative to use suggest continued price volatility. After a significant decline in 2008/09, soybean crush grows steadily, supported by increasing use of both soybean meal and soybean oil. Strong Chinese demand and the weather-reduced Argentine crop harvested in early 2009 result in record U.S. soybean exports in 2009/10. Increased South American supplies result in lower U.S. exports in 2010/11 and limit U.S. soybean export growth in future years. High yields result in an increase in soybean net returns per acre in 2009/10, in spite of slightly lower soybean prices, while lower projected soybean prices and yields reduce soybean net returns in 2010/11. Soybean returns must remain well above pre-2007 levels for soybeans to maintain competitiveness with corn production. Food uses of soybean oil are expected to decline in 2009/10 for the fifth straight year. The projections assume future per capita consumption is fairly stable. After falling sharply in 2008/09, soybean oil prices increase with growth in biodiesel use and strength in global vegetable oil demand. Projected soybean oil prices remain well below the 2007/08 record. Soybean oil exports increase in 2009/10 but dip in 2010/11 as competitor supplies increase. Future growth in biodiesel use of soybean oil depends on biodiesel demand and the ability to expand biodiesel production from other feedstocks. Reduced livestock and poultry production and competition from distillers grains have limited domestic use of soybean meal in recent years. Weak demand from the livestock sector contributes to lower soybean meal prices in 2009/10 and 2010/11. Projected growth in soybean meal use is a result of resumed growth in poultry production, continued moderate soybean meal prices, and slower growth in distillers grain use. Soybean meal exports increase slowly because of continued competition from other suppliers. Projected soybean meal prices remain fairly steady in later years, as production and use expand in tandem. U.S. Crops: FAPRI 2010 Agricultural Outlook / 95 U.S. Soybean Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 Area Planted Area Harvested Area 77.5 76.4 76.6 75.7 76.1 75.2 76.9 76.0 (Million Acres) 76.8 77.0 75.9 76.1 77.3 76.4 77.5 76.6 77.8 76.9 78.0 77.1 78.3 77.5 Yield Actual 44.0 42.4 42.8 43.2 (Bushels per Acre) 43.6 44.0 44.4 44.8 45.2 45.6 45.9 Supply Beginning Stocks Production Imports 3,509 138 3,361 10 3,485 264 3,211 10 3,513 285 3,218 10 3,565 270 3,285 10 (Million Bushels) 3,595 3,631 3,673 272 271 269 3,313 3,350 3,394 10 10 10 3,714 269 3,435 10 3,758 268 3,480 10 3,794 268 3,516 10 3,838 268 3,560 10 Domestic Use Crush Seed, Residual 1,872 1,709 163 1,946 1,784 163 1,983 1,820 163 2,022 1,858 164 2,054 1,888 166 2,086 1,918 168 2,121 1,952 169 2,157 1,987 171 2,192 2,020 172 2,226 2,052 174 2,261 2,086 176 Exports 1,374 1,254 1,260 1,270 1,269 1,276 1,283 1,289 1,299 1,300 1,308 Total Use 3,245 3,200 3,243 3,293 3,324 3,362 3,404 3,446 3,490 3,526 3,569 Ending Stocks CCC Inventory Under Loan Other Stocks 264 0 12 252 285 0 16 269 270 0 13 256 272 0 14 259 271 0 13 258 269 0 13 256 269 0 13 256 268 0 13 255 268 0 13 255 268 0 13 255 268 0 14 255 Prices, Program Provisions Farm Price Illinois Processor Price Loan Rate Target Price Direct Payment 9.42 9.85 5.00 5.80 0.44 8.75 9.20 5.00 6.00 0.44 9.28 9.71 5.00 6.00 0.44 9.35 9.78 5.00 6.00 0.44 (Dollars per Bushel) 9.49 9.67 9.79 9.92 10.09 10.21 5.00 5.00 5.00 6.00 6.00 6.00 0.44 0.44 0.44 9.91 10.32 5.00 6.00 0.44 10.05 10.46 5.00 6.00 0.44 10.14 10.55 5.00 6.00 0.44 10.20 10.61 5.00 6.00 0.44 Base Area 50.6 50.7 50.7 50.7 (Million Acres) 50.7 50.7 50.7 50.7 50.7 50.7 50.7 Direct Payment Yield CCP Yield 30.9 34.2 30.9 34.2 30.9 34.2 30.9 34.2 (Bushels per Acre) 30.9 30.9 30.9 34.2 34.2 34.2 30.9 34.2 30.9 34.2 30.9 34.2 30.9 34.2 ACRE Participation Rate 15.3 19.9 21.4 23.0 23.0 23.0 23.0 23.0 23.0 23.0 Returns and Payments Gross Market Revenue Variable Expenses Market Net Returns Marketing Loan Benefits ACRE Payments CCP Payment/Base Direct Payment/Base 414.50 121.72 292.78 0.00 0.00 0.00 10.98 371.36 125.24 246.11 0.00 2.36 0.00 10.87 397.21 130.94 266.27 0.00 0.00 0.00 10.84 404.12 135.43 268.69 0.00 0.00 0.00 11.03 (U.S. Dollars per Acre) 414.08 425.52 434.91 139.20 143.08 147.35 274.89 282.45 287.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.03 11.03 11.03 444.02 150.72 293.30 0.00 0.00 0.00 11.03 454.51 153.48 301.03 0.00 0.00 0.00 11.03 462.14 156.25 305.89 0.00 0.00 0.00 11.03 468.47 158.60 309.87 0.00 0.00 0.00 11.03 Other indicators 48% Meal Price/ton Oil Price/cwt Crushing Margin/bu 292.49 36.83 1.17 271.74 36.21 1.34 278.49 38.81 1.28 279.74 39.47 1.32 286.78 42.85 1.33 287.62 43.84 1.33 287.81 44.64 1.33 288.27 45.14 1.34 2.62 2.36 2.48 2.47 2.55 2.57 2.59 2.64 Bean/Corn Ratio 13/14 14/15 (Percent) 23.0 (U.S. Dollars) 282.70 285.66 286.23 39.86 40.64 41.78 1.30 1.28 1.31 (Index) 2.48 2.51 2.51 96 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Soybean Meal Supply and Utilization 09/10 10/11 11/12 12/13 Supply Beginning Stocks Production Imports 40,772 235 40,397 140 42,528 240 42,147 140 43,401 256 43,005 140 Domestic Use 30,646 31,768 9,885 Exports Total Use Ending Stocks Prices, 48% Protein Decatur 13/14 14/15 15/16 16/17 17/18 18/19 19/20 44,306 257 43,909 140 (Thousand Tons) 45,016 45,716 46,517 260 262 263 44,616 45,314 46,115 140 140 140 47,349 265 46,943 140 48,132 267 47,725 140 48,902 268 48,493 140 49,699 270 49,290 140 32,198 32,965 33,653 34,248 34,945 35,484 36,027 36,592 37,006 10,503 10,945 11,081 11,102 11,205 11,307 11,597 11,837 12,040 12,422 40,532 42,271 43,144 44,046 44,754 45,453 46,252 47,082 47,864 48,632 49,429 240 256 257 260 262 263 265 267 268 270 271 292.49 271.74 278.49 279.74 (U.S. Dollars per Ton) 282.70 285.66 286.23 286.78 287.62 287.81 288.27 U.S. Crops: FAPRI 2010 Agricultural Outlook / 97 U.S. Soybean Oil Supply and Utilization 09/10 10/11 11/12 12/13 Supply Beginning Stocks Production Imports 21,889 2,742 19,072 75 22,487 2,110 20,301 75 22,955 2,166 20,714 75 Domestic Use Food Use Biodiesel Use 16,557 14,222 2,335 17,639 14,562 3,077 15/16 16/17 17/18 18/19 19/20 23,337 2,112 21,150 75 (Million Pounds) 23,683 24,044 24,430 2,118 2,142 2,142 21,490 21,827 22,212 75 75 75 24,814 2,128 22,612 75 25,169 2,105 22,988 75 25,514 2,081 23,358 75 25,883 2,066 23,742 75 18,114 14,459 3,655 18,518 14,608 3,911 18,609 14,792 3,817 19,014 14,934 4,080 19,691 15,041 4,650 20,153 15,171 4,982 20,519 15,309 5,210 20,854 15,474 5,380 21,078 15,666 5,412 3,222 2,681 2,728 2,701 2,932 2,889 2,611 2,556 2,568 2,594 2,743 19,779 20,321 20,843 21,219 21,541 21,902 22,302 22,709 23,088 23,448 23,821 Ending Stocks 2,110 2,166 2,112 2,118 2,142 2,142 2,128 2,105 2,081 2,066 2,062 Prices Decatur 36.83 36.21 38.81 39.47 (U.S. Cents per Pound) 39.86 40.64 41.78 42.85 43.84 44.64 45.14 Exports Total Use 13/14 14/15 98 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Biodiesel The projections assume that the $1-per-gallon tax credit is extended and the authority to waive the EISA biodiesel mandate is not utilized. The projection is consistent with the recent EPA ruling that a 1-billion-gallon mandate is carried forward after 2012, and soybean-oil-based biodiesel continues to satisfy greenhouse gas reductions required under the bio-based diesel mandate. Reduced profitability led to a sharp contraction in biodiesel production in 2008/09. Soybean-oil-based biodiesel fell sharply, while biodiesel production from other fats and oils held steady. Projected production increases to satisfy the biodiesel and advanced biofuel mandates under the RFS2. Excess existing production capacity keeps margins low even as biodiesel use grows with the mandate. Existing capacity is enough to meet the 1-billion-gallon mandate, and narrow margins discourage growth in biodiesel capacity. Domestic use generally expands with the biodiesel RFS2 until 2013/14. After 2013/14, some biodiesel is consumed in excess of the biodiesel RFS2 to help satisfy the advanced biofuel mandate. The EU tariff on U.S. biodiesel has resulted in sharply lower U.S. biodiesel exports. Rising EU biodiesel prices result in some U.S. biodiesel exports at the end of the projection period, in spite of the tariff. U.S. Crops: FAPRI 2010 Agricultural Outlook / 99 U.S. Biodiesel Sector 09/10 10/11 11/12 12/13 Biodiesel Supply and Use Production From Soybean Oil From Other Fats and Oils Net Exports Domestic Use 644 303 341 30 614 787 400 387 7 780 925 475 451 0 925 1,010 508 502 9 1,001 Fuel Prices Biodiesel Rack #2 Diesel, Refiner Sales #2 Diesel, Retail Tax credit, pre-consumer Tax Credit, Other Feedstocks 3.66 1.92 2.68 1.00 1.00 3.69 2.15 2.92 1.00 1.00 3.93 2.31 3.08 1.00 1.00 3.66 0.03 -2.84 -0.55 0.30 3.69 0.03 -2.79 -0.56 0.37 3.93 0.03 -2.99 -0.56 0.41 Costs and Returns Biodiesel Value Glycerin Value Soy Oil Cost Other Operating Costs Net Operating Return 13/14 14/15 15/16 (Million Gallons, Oct.-Sept. Year) 1,027 1,086 1,187 496 530 604 531 556 583 20 21 20 1,007 1,065 1,167 (Dollars per Gallon, Oct.-Sept. Year) 3.99 3.99 4.06 4.19 2.41 2.50 2.59 2.68 3.19 3.27 3.37 3.47 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 16/17 17/18 18/19 19/20 1,251 647 604 40 1,211 1,297 677 620 74 1,224 1,330 699 631 111 1,219 1,338 703 636 157 1,181 4.30 2.74 3.54 1.00 1.00 4.39 2.79 3.59 1.00 1.00 4.47 2.79 3.59 1.00 1.00 4.51 2.77 3.57 1.00 1.00 3.99 0.03 -3.04 -0.56 0.41 3.99 0.03 -3.07 -0.57 0.39 4.06 0.03 -3.13 -0.57 0.39 4.19 0.03 -3.22 -0.58 0.42 4.30 0.03 -3.30 -0.58 0.44 4.39 0.03 -3.38 -0.59 0.45 4.47 0.03 -3.44 -0.60 0.47 4.51 0.03 -3.48 -0.60 0.46 U.S. Vegetable Oil Consumption Per Capita Consumption Soy Oil (Exc. Biodiesel) Corn Oil Canola Oil (Exc. Biodiesel) Cottonseed Oil Sunflower Oil Peanut Oil 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 64.69 45.75 5.81 9.31 1.48 1.63 0.70 65.42 46.40 5.97 9.17 1.66 1.55 0.67 64.93 45.63 6.15 9.26 1.61 1.60 0.68 65.06 45.65 6.27 9.27 1.60 1.60 0.68 65.36 45.79 6.42 9.30 1.58 1.61 0.67 (Pounds) 65.60 45.78 6.61 9.35 1.57 1.61 0.67 65.67 45.67 6.78 9.38 1.55 1.62 0.67 65.72 45.63 6.92 9.33 1.54 1.63 0.67 65.82 45.61 7.07 9.31 1.53 1.63 0.66 65.99 45.67 7.20 9.29 1.53 1.64 0.66 66.25 45.80 7.30 9.33 1.52 1.65 0.65 100 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Sunflower Seed and Sunflower Seed Products U.S. farm prices for sunflower seed have declined sharply in 2009/10, a year after sharp declines in European prices. Lower prices translate into lower net returns to sunflower seed producers in 2009/10. Sunflower acreage contracted in 2009 in anticipation of lower returns relative to other crops. Projected 2010-2019 sunflower area is steady at just over 2 million acres. Crush accounts for slightly more than half of domestic sunflower seed use in the baseline. The United States is normally a small net exporter of sunflower seed. Rising world vegetable oil prices keep projected sunflower seed prices above pre-2007 levels. Slowly rising prices and yields after 2011/12 offset rising production costs, so average net returns are fairly stable. ACRE program participation is higher for sunflower seed than for other crops. ACRE payments can be large when national prices or state yields fall relative to recent averages. U.S. Crops: FAPRI 2010 Agricultural Outlook / 101 U.S. Sunflower Seed Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 2.03 1.95 2.08 1.96 2.09 1.98 2.09 1.97 2.08 1.97 2.09 1.97 2.09 1.98 2.10 1.98 2.10 1.98 Yield Actual 1,554 1,470 1,485 1,499 (Pounds per Acre) 1,514 1,529 1,544 1,559 1,575 1,590 1,606 Supply Beginning Stocks Production Imports 3,695 494 3,036 164 3,473 422 2,886 164 3,498 395 2,938 164 3,531 411 2,956 164 (Million Pounds) 3,555 3,580 3,622 411 419 423 2,979 2,996 3,035 164 164 164 3,666 425 3,076 164 3,708 430 3,114 164 3,746 432 3,150 164 3,787 435 3,187 164 Domestic Use Food & Residual Crush 2,868 1,349 1,519 2,760 1,302 1,458 2,784 1,323 1,461 2,782 1,326 1,455 2,795 1,337 1,458 2,810 1,342 1,468 2,828 1,350 1,478 2,861 1,359 1,502 2,896 1,366 1,529 2,934 1,374 1,560 2,974 1,383 1,591 404 317 303 338 340 347 369 375 380 376 373 3,272 3,077 3,087 3,119 3,136 3,157 3,197 3,236 3,276 3,310 3,346 422 395 411 411 419 423 425 430 432 435 440 15.50 9.30 10.10 0.80 16.32 10.09 12.68 0.80 16.26 10.09 12.68 0.80 16.57 10.09 12.68 0.80 (U.S. Cents per Pound) 16.53 16.62 16.95 10.09 10.09 10.09 12.68 12.68 12.68 0.80 0.80 0.80 17.09 10.09 12.68 0.80 17.27 10.09 12.68 0.80 17.37 10.09 12.68 0.80 17.38 10.09 12.68 0.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1.80 1,087 1,087 1,087 1,087 (Pounds per Acre) 1,087 1,087 1,087 1,087 1,087 1,087 1,087 ACRE Participation Rate 21.2 27.6 29.7 31.8 31.8 31.8 31.8 31.8 31.8 Returns and Payments Gross Market Revenue Variable Expenses Market Net Returns Marketing Loan Benefits ACRE Payments CCP Payment/Base Direct Payment/Base 240.94 101.78 139.16 0.00 3.47 0.00 6.94 239.98 104.73 135.25 0.00 3.13 0.00 6.84 241.41 109.49 131.92 0.00 0.00 0.00 6.81 248.44 113.25 135.19 0.00 0.00 0.00 6.92 (U.S. Dollars per Acre) 250.20 254.14 261.73 116.40 119.64 123.22 133.80 134.50 138.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.92 6.92 6.92 266.45 126.03 140.42 0.00 0.00 0.00 6.92 272.04 128.34 143.70 0.00 0.00 0.00 6.92 276.27 130.66 145.61 0.00 0.00 0.00 6.92 279.11 132.62 146.49 0.00 0.00 0.00 6.92 Area Planted Area Harvested Area Exports Total Use Ending Stocks Prices, Program Provisions Farm Price Loan Rate Target Price Direct Payment Base Area Direct Payment Yield 13/14 14/15 (Million Acres) 2.08 2.07 1.97 1.96 (Million Acres) 1.80 1.80 31.8 (Percent) 31.8 102 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Sunflower Meal Supply and Utilization 09/10 10/11 11/12 12/13 Supply Beginning Stocks Production Imports 375 5 370 0 360 5 355 0 361 5 356 0 359 5 354 0 Domestic Use 362 347 348 8 8 370 Exports Total Use Ending Stocks Price 28% Protein, Minnesota 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Tons) 360 362 5 5 355 357 0 0 365 5 360 0 371 5 366 0 377 5 372 0 385 5 380 0 392 5 387 0 347 347 350 352 358 365 372 379 8 8 8 8 8 8 8 8 8 355 356 354 355 357 360 366 372 380 387 5 5 5 5 5 5 5 5 5 5 5 147.80 138.46 141.50 142.06 (U.S. Dollars per Ton) 143.39 144.72 144.98 145.23 145.60 145.69 145.90 U.S. Crops: FAPRI 2010 Agricultural Outlook / 103 U.S. Sunflower Oil Supply and Utilization 09/10 10/11 11/12 12/13 Supply Beginning Stocks Production Imports 828 110 652 66 790 98 625 66 789 96 627 66 787 97 624 66 Domestic Use 506 488 507 Exports 224 206 Total Use 730 Ending Stocks Price Average Crude, Minnesota 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Million Pounds) 789 794 97 98 626 630 66 66 799 98 634 66 809 99 644 66 821 99 656 66 835 99 669 66 848 100 682 66 512 519 526 532 541 549 556 564 185 179 172 169 167 169 173 178 184 694 692 690 691 695 700 710 722 735 748 98 96 97 97 98 98 99 99 99 100 101 55.65 57.69 59.02 59.98 (U.S. Cents per Pound) 60.45 61.29 62.58 63.68 64.74 65.66 66.25 104 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Canola Seed and Canola Seed Products U.S. farm prices for canola have declined sharply in 2009/10. Canola prices have not declined as much as sunflower seed prices, in part because of continued strong European demand for rapeseed oil to produce biodiesel. As with sunflower seed, anticipated reductions in canola prices resulted in lower canola acreage in 2009. Projected canola acreage increases slightly in 2010 as lower prices for wheat and barley reduce competition from competing crops. Canola acreage increases slightly in later years, but remains well below the 2007 level of 1.2 million acres. U.S. imports of canola, canola oil, and canola meal from Canada have exceeded domestic production in recent years. Over the baseline, continued strength in vegetable oil demand leads to rising canola oil prices. While plants have been built to use canola oil as a feedstock in biodiesel production, projected canola oil prices are sufficiently high that relatively little U.S. canola oil is likely to be used for biodiesel production. U.S. Crops: FAPRI 2010 Agricultural Outlook / 105 U.S. Canola Seed Supply and Utilization 09/10 10/11 11/12 12/13 827 814 965 939 968 941 967 940 (Thousand Acres) 973 977 982 946 949 955 999 971 Yield Actual 1,811 1,532 1,549 1,567 (Pounds per Acre) 1,585 1,603 1,621 1,639 1,657 1,675 1,693 Supply Beginning Stocks Production Imports 3,653 444 1,474 1,735 3,620 414 1,438 1,769 3,632 413 1,459 1,761 3,643 417 1,474 1,752 (Million Pounds) 3,659 3,674 3,695 418 420 422 1,500 1,522 1,548 1,740 1,732 1,725 3,729 423 1,591 1,714 3,772 423 1,644 1,706 3,815 422 1,693 1,700 3,854 421 1,735 1,697 Domestic Use Seed & Residual Crush 2,758 69 2,689 2,740 69 2,671 2,748 70 2,677 2,759 71 2,688 2,772 72 2,700 2,786 73 2,713 2,805 74 2,732 2,836 74 2,762 2,874 75 2,800 2,912 75 2,837 2,946 76 2,870 481 468 468 466 466 466 466 470 476 481 485 3,239 3,208 3,215 3,224 3,238 3,252 3,272 3,306 3,351 3,394 3,431 414 413 417 418 420 422 423 423 422 421 423 15.75 9.30 10.10 0.80 16.26 10.09 12.68 0.80 16.30 10.09 12.68 0.80 16.51 10.09 12.68 0.80 (U.S. Cents per Pound) 16.63 16.72 16.91 10.09 10.09 10.09 12.68 12.68 12.68 0.80 0.80 0.80 17.25 10.09 12.68 0.80 17.52 10.09 12.68 0.80 17.79 10.09 12.68 0.80 17.77 10.09 12.68 0.80 703 708 709 710 (Thousand Acres) 710 710 710 710 710 710 710 1,041 1,041 1,041 1,041 (Pounds per Acre) 1,041 1,041 1,041 1,041 1,041 1,041 1,041 ACRE Participation Rate 9.7 12.6 13.6 14.6 14.6 14.6 14.6 14.6 14.6 Returns and Payments Gross Market Revenue Variable Expenses Market Net Returns Marketing Loan Benefits ACRE Payments CCP Payment/Base Direct Payment/Base 285.19 153.48 131.71 0.00 0.00 0.00 6.80 249.08 157.92 91.15 0.00 0.00 0.00 6.76 252.58 165.11 87.47 0.00 0.00 0.00 6.75 258.73 170.77 87.95 0.00 0.00 0.00 6.87 (U.S. Dollars per Acre) 263.62 268.00 274.06 175.52 180.41 185.80 88.09 87.59 88.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.87 6.87 6.87 282.71 190.05 92.66 0.00 0.00 0.00 6.87 290.36 193.53 96.83 0.00 0.00 0.00 6.87 297.88 197.02 100.86 0.00 0.00 0.00 6.87 300.81 199.99 100.82 0.00 0.00 0.00 6.87 Area Planted Area Harvested Area Exports Total Use Ending Stocks Prices, Program Provisions Farm Price Loan Rate Target Price Direct Payment Base Area Direct Payment Yield 13/14 14.6 14/15 (Percent) 14.6 15/16 16/17 17/18 1,020 992 18/19 1,040 1,011 19/20 1,054 1,025 106 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Canola Meal Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 Supply Beginning Stocks Production Imports 2,854 6 814 2,034 2,806 6 809 1,991 2,899 6 811 2,082 2,923 6 814 2,103 (Thousand Tons) 2,963 3,015 3,039 6 6 6 818 822 827 2,139 2,187 2,206 3,072 6 836 2,230 3,103 6 848 2,250 3,144 6 859 2,279 3,180 6 869 2,305 Domestic Use 2,757 2,709 2,801 2,826 2,866 2,918 2,942 2,975 3,006 3,047 3,083 91 91 91 91 91 91 91 91 91 91 91 2,848 2,800 2,893 2,917 2,957 3,009 3,033 3,066 3,097 3,138 3,174 6 6 6 6 6 6 6 6 6 6 6 194.79 190.06 187.99 193.24 (U.S. Dollars per Ton) 197.26 198.91 202.23 203.81 205.41 205.77 206.41 Exports Total Use Ending Stocks Market Price 14/15 U.S. Canola Oil Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 Supply Beginning Stocks Production Imports 3,573 165 1,062 2,346 3,559 182 1,055 2,322 3,625 189 1,057 2,379 3,660 193 1,061 2,405 (Million Pounds) 3,704 3,756 3,799 197 202 207 1,066 1,071 1,079 2,441 2,482 2,514 3,811 209 1,090 2,511 3,828 208 1,105 2,515 3,846 204 1,120 2,522 3,887 201 1,133 2,553 Domestic Use Biodiesel Use Food and Other 2,942 46 2,896 2,920 41 2,880 2,983 49 2,934 3,014 48 2,965 3,053 48 3,005 3,100 50 3,050 3,140 53 3,088 3,154 51 3,104 3,175 49 3,126 3,197 48 3,149 3,238 49 3,190 449 449 449 449 449 449 449 449 449 449 449 3,391 3,369 3,432 3,463 3,502 3,549 3,589 3,603 3,624 3,646 3,687 182 189 193 197 202 207 209 208 204 201 200 44.61 46.17 47.67 48.46 (U.S. Cents per Pound) 48.70 49.14 50.16 51.97 53.50 54.85 55.22 Exports Total Use Ending Stocks Market Price 14/15 U.S. Crops: FAPRI 2010 Agricultural Outlook / 107 U.S. Peanuts and Peanut Products Sharply lower peanut production in 2009/10 results in some drawdown of stocks built up the previous year. Only a modest increase in production is projected for 2010/11, resulting in a further reduction in carryover stocks. In later years, production and use are approximately in balance. In any given year, unanticipated market shocks could move supply or demand away from these projections. Peanut food use increased in 2008/09 and is expected to increase again in 2009/10, in spite of the early 2009 recall of some peanut products. Projected domestic food use of peanuts grows more slowly than population. U.S. peanut exports have increased since 2004/05, but higher prices and limited supplies result in lower exports in 2010/11. Peanut prices and variable production expenses both decline in 2009/10, leaving net returns little changed from the previous year. Projected average prices increase in 2010/11 and stay above 24¢ per pound in later years. Actual prices will vary around the projected averages and sometimes may dip low enough to trigger countercyclical payments and marketing loan benefits. 108 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Peanut Supply and Utilization 09/10 Area Planted Area Harvested Area 1,116 1,081 10/11 1,217 1,187 11/12 1,344 1,311 12/13 1,316 1,284 13/14 14/15 15/16 (Thousand Acres) 1,315 1,309 1,303 1,283 1,277 1,271 16/17 1,300 1,268 17/18 1,302 1,271 18/19 1,295 1,263 19/20 1,294 1,262 Yield Actual 3,412 3,242 3,265 3,296 (Pounds per Acre) 3,326 3,356 3,386 3,415 3,444 3,474 3,504 Supply Beginning Stocks Production Imports 5,878 2,130 3,688 60 5,498 1,588 3,850 60 5,717 1,375 4,282 60 5,740 1,448 4,232 60 (Million Pounds) 5,774 5,802 5,825 1,448 1,457 1,464 4,266 4,285 4,302 60 60 60 5,859 1,468 4,331 60 5,914 1,478 4,376 60 5,947 1,498 4,389 60 5,991 1,509 4,422 60 Domestic Use Food Crush Seed, Feed, & Residual 3,540 2,652 458 430 3,480 2,618 441 421 3,600 2,682 494 424 3,622 2,709 489 424 3,645 2,728 493 425 3,664 2,743 496 425 3,682 2,758 498 426 3,703 2,773 503 428 3,733 2,792 511 430 3,753 2,808 514 431 3,779 2,826 519 433 751 643 669 671 672 674 675 678 683 685 687 Total Use 4,290 4,123 4,269 4,292 4,317 4,338 4,357 4,381 4,416 4,438 4,466 Ending Stocks 1,588 1,375 1,448 1,448 1,457 1,464 1,468 1,478 1,498 1,509 1,525 Prices and Returns Farm Price Loan Rate Target Price Direct Payment 21.34 17.75 24.75 1.80 24.80 17.75 24.75 1.80 24.27 17.75 24.75 1.80 24.68 17.75 24.75 1.80 (U.S. Cents per Pound) 24.92 25.18 25.51 17.75 17.75 17.75 24.75 24.75 24.75 1.80 1.80 1.80 25.72 17.75 24.75 1.80 25.73 17.75 24.75 1.80 25.94 17.75 24.75 1.80 26.00 17.75 24.75 1.80 Exports Base Area Direct Payment Yield 1,477 1,479 1,480 1,480 2,998 2,998 2,998 2,998 ACRE Participation Rate 0.0 0.0 0.0 0.0 Returns and Payments Gross Market Revenue Variable Expenses Market Net Returns Marketing Loan Benefits ACRE Payments CCP Payment/Base Direct Payment/Base 727.96 493.49 234.47 0.00 0.00 41.14 44.95 804.24 507.94 296.30 0.00 0.00 0.00 44.95 792.42 531.75 260.66 0.00 0.00 0.00 44.95 813.66 548.41 265.25 0.00 0.00 0.00 45.87 (Thousand Acres) 1,480 1,480 1,480 (Pounds per Acre) 2,998 2,998 2,998 1,480 1,480 1,480 1,480 2,998 2,998 2,998 2,998 0.0 0.0 0.0 0.0 0.0 (U.S. Dollars per Acre) 828.79 845.03 863.75 562.69 577.11 594.93 266.10 267.92 268.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 45.87 45.87 45.87 878.45 608.36 270.09 0.00 0.00 0.00 45.87 886.32 619.11 267.21 0.00 0.00 0.00 45.87 901.12 630.19 270.92 0.00 0.00 0.00 45.87 911.07 640.04 271.03 0.00 0.00 0.00 45.87 0.0 (Percent) 0.0 U.S. Crops: FAPRI 2010 Agricultural Outlook / 109 U.S. Peanut Meal Supply and Utilization 09/10 10/11 11/12 12/13 Supply Beginning Stocks Production Imports 222 4 217 0 214 4 210 0 239 4 235 0 237 4 232 0 Domestic Use 206 199 224 11 11 217 Exports Total Use Ending Stocks Price 50% Southeast Mills 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Million Pounds) 239 240 4 4 234 236 0 0 241 4 237 0 244 4 239 0 247 4 243 0 249 4 244 0 251 4 247 0 221 223 225 226 228 232 233 236 11 11 11 11 11 11 11 11 11 210 235 232 234 236 237 239 243 244 247 4 4 4 4 4 4 4 4 4 4 4 124.79 116.61 116.63 117.97 (U.S. Dollars per Ton) 118.41 118.31 118.18 117.28 116.29 115.13 113.56 15/16 16/17 17/18 18/19 19/20 U.S. Peanut Oil Supply and Utilization 09/10 10/11 11/12 12/13 Supply Beginning Stocks Production Imports 253 24 148 80 245 24 143 78 252 24 160 68 252 24 159 69 (Million Pounds) 253 254 24 24 160 161 68 69 255 24 162 69 257 24 163 69 258 24 166 68 259 24 167 68 259 24 169 66 Domestic Use 218 210 217 217 217 218 220 221 223 224 224 11 11 11 11 11 11 11 11 11 11 11 229 221 228 228 228 230 231 232 234 235 235 24 24 24 24 24 24 24 24 24 24 24 62.07 64.77 65.85 67.14 (U.S. Cents per Pound) 67.97 69.08 70.42 71.70 72.81 74.08 74.97 Exports Total Use Ending Stocks Price Southeast Mills 13/14 14/15 110 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Upland Cotton and Cottonseed Products U.S. upland cotton production falls far short of use in 2009/10, the second straight year of shortfalls, resulting in another large reduction in carryover stocks. Higher projected cotton acreage and yields in 2010/11 bring production and use into balance. The recession sharply reduced world cotton demand. Recovery in the world economy results in higher projected cotton prices and export demand. Changes in Chinese cotton purchasing patterns have contributed to large historic annual swings in U.S. cotton exports. Domestic mill use continues to decline, but the rate of contraction has slowed in recent years. Lower stock levels make the cotton market very sensitive to any shifts in supply and demand. Given tighter cotton stocks, exports can only grow as projected if production increases. Higher prices and lower production expenses increase cotton market net returns per acre in 2009/10. However, higher prices also eliminate marketing loan benefits and reduce countercyclical payments in 2009/10. Projected returns increase in 2010/11, largely because of higher yields. Higher prices for all oilseeds and reduced cottonseed production contributed to sharply higher cottonseed prices in 2008/09. Cottonseed prices fall back to about the 2007/08 level in 2009/10. This puts cottonseed prices in a more normal relationship to prices for oilseed meals and vegetable oils. A large projected increase in cottonseed production contributes to a further decline in cottonseed prices in 2010/11. U.S. Crops: FAPRI 2010 Agricultural Outlook / 111 U.S. Upland Cotton Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 Area Planted Area Harvested Area 9.01 7.55 10.16 8.98 10.03 8.86 10.05 8.87 (Million Acres) 10.01 10.02 8.83 8.83 10.02 8.82 10.07 8.86 10.14 8.91 10.19 8.95 10.27 9.02 Yield Actual 763 819 826 834 858 867 878 888 898 18.04 6.03 12.01 0.00 19.28 3.96 15.33 0.00 19.42 4.18 15.24 0.00 19.57 4.17 15.40 0.00 19.89 4.12 15.77 0.00 20.07 4.06 16.01 0.00 20.31 4.02 16.30 0.00 20.56 4.01 16.55 0.00 20.86 3.99 16.86 0.00 3.36 3.32 3.27 3.21 3.15 3.08 3.01 2.95 2.89 2.82 2.76 Exports 10.73 11.79 11.98 12.18 12.34 12.60 12.82 13.10 13.42 13.74 14.10 Total Use 14.09 15.10 15.25 15.39 15.49 15.68 15.83 16.05 16.31 16.57 16.86 Unaccounted 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Ending Stocks CCC Inventory Other Stocks 3.96 0.00 3.96 4.18 0.00 4.18 4.17 0.00 4.17 4.19 0.00 4.19 4.17 0.00 4.17 4.12 0.00 4.12 4.06 0.00 4.06 4.02 0.00 4.02 4.01 0.00 4.01 3.99 0.00 3.99 4.00 0.00 4.00 0.603 n.a. 0.741 0.576 0.520 0.713 0.067 0.040 0.582 n.a. 0.728 0.563 0.520 0.713 0.067 0.040 0.587 n.a. 0.734 0.570 0.520 0.713 0.067 0.040 0.593 n.a. 0.740 0.576 0.520 0.713 0.067 0.030 (U.S. Dollars per Pound) 0.600 0.613 0.625 n.a. n.a. n.a. 0.746 0.762 0.774 0.581 0.597 0.609 0.520 0.520 0.520 0.713 0.713 0.713 0.067 0.067 0.067 0.030 0.030 0.030 0.636 n.a. 0.786 0.621 0.520 0.713 0.067 0.030 0.645 n.a. 0.795 0.630 0.520 0.713 0.067 0.030 0.652 n.a. 0.803 0.638 0.520 0.713 0.067 0.030 0.660 n.a. 0.812 0.647 0.520 0.713 0.067 0.030 17.84 17.86 17.87 17.87 (Million Acres) 17.87 17.87 17.87 17.87 17.87 17.87 17.87 Direct Payment Yield CCP Yield 595 631 595 631 595 631 595 631 (Pounds per Acre) 595 595 631 631 595 631 595 631 595 631 595 631 595 631 ACRE Participation Rate 0.2 0.3 0.3 0.3 0.3 (Percent) 0.3 0.3 0.3 0.3 0.3 0.3 Returns and Payments Gross Market Revenue Variable Expenses Market Net Returns Marketing Loan Benefits ACRE Payments CCP Payment/Base Direct Payment/Base 552.58 431.39 121.19 0.00 0.01 22.67 33.06 566.83 446.86 119.97 0.00 0.00 34.16 33.05 579.93 470.50 109.42 0.00 0.00 31.47 33.05 591.43 482.98 108.45 0.00 0.00 28.23 33.72 (U.S. Dollars per Acre) 603.64 621.97 640.01 494.80 507.67 525.57 108.84 114.30 114.45 0.00 0.00 0.00 0.00 0.00 0.00 24.43 17.36 10.90 33.72 33.72 33.72 657.05 538.74 118.31 0.00 0.00 5.10 33.72 673.28 549.16 124.12 0.00 0.00 0.60 33.72 688.19 559.69 128.50 0.00 0.00 0.00 33.72 702.75 569.98 132.77 0.00 0.00 0.00 33.72 Supply Beginning Stocks Production Imports Domestic Use Mill Use Prices, Program Provisions Farm Price Cotlook A Index NE Cotlook A Index Far East Adjusted World Price Loan Rate Target Price Direct Payment User Payment Base Area 14/15 (Pounds per Acre) 841 850 (Million Bales) 19.66 19.80 4.19 4.17 15.47 15.63 0.00 0.00 112 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Cottonseed Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 Supply Beginning Stocks Production Imports 4,692 514 4,178 0 5,874 450 5,423 0 5,950 562 5,388 0 6,009 570 5,438 0 (Thousand Tons) 6,034 6,088 6,135 577 579 585 5,458 5,509 5,550 0 0 0 6,216 589 5,627 0 6,318 597 5,721 0 6,411 607 5,804 0 6,521 616 5,905 0 Domestic Use Crush Other 3,938 2,071 1,867 4,915 2,320 2,594 4,976 2,327 2,649 5,023 2,335 2,688 5,043 2,336 2,707 5,087 2,345 2,742 5,126 2,354 2,772 5,193 2,371 2,822 5,277 2,390 2,887 5,352 2,406 2,946 5,442 2,424 3,018 304 397 404 409 412 416 420 426 435 442 451 4,242 5,312 5,380 5,432 5,455 5,503 5,546 5,619 5,711 5,794 5,894 450 562 570 577 579 585 589 597 607 616 627 166.04 233.03 42.12 69.82 149.47 204.34 41.36 71.10 156.73 210.40 43.96 74.65 158.13 210.95 44.67 75.70 (U.S. Dollars) 159.73 161.80 163.94 213.25 215.26 215.30 45.08 45.88 47.06 76.41 77.76 79.28 165.58 215.00 48.17 80.97 167.04 214.76 49.19 82.58 168.03 214.09 50.03 83.91 168.23 213.46 50.54 85.01 Exports Total Use Ending Stocks Prices and Returns Farm Price/ton Meal Price/ton Oil Price/cwt Crushing Margin/ton 14/15 U.S. Crops: FAPRI 2010 Agricultural Outlook / 113 U.S. Cottonseed Meal Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 Supply Beginning Stocks Production Imports 949 17 932 0 1,064 19 1,044 0 1,076 29 1,047 0 1,079 28 1,051 0 (Thousand Tons) 1,079 1,083 1,087 28 28 28 1,051 1,056 1,060 0 0 0 1,095 28 1,067 0 1,104 28 1,076 0 1,111 28 1,083 0 1,120 29 1,091 0 Domestic Use 840 945 958 961 962 966 970 977 985 992 1,001 90 90 90 90 90 90 90 90 90 90 90 930 1,035 1,048 1,051 1,052 1,056 1,060 1,067 1,075 1,082 1,091 19 29 28 28 28 28 28 28 28 29 29 233.03 204.34 210.40 210.95 (U.S. Dollars per Ton) 213.25 215.26 215.30 215.00 214.76 214.09 213.46 15/16 16/17 17/18 18/19 19/20 Exports Total Use Ending Stocks Prices Memphis 14/15 U.S. Cottonseed Oil Supply and Utilization 09/10 10/11 11/12 12/13 Supply Beginning Stocks Production Imports 765 121 644 0 838 116 722 0 843 119 724 0 843 117 726 0 (Million Pounds) 843 846 117 116 726 729 0 0 848 116 732 0 852 115 737 0 857 114 743 0 862 113 748 0 867 113 754 0 Domestic Use 461 520 510 510 510 511 510 512 515 517 521 Exports 188 199 216 216 216 219 223 226 229 231 233 Total Use 649 718 726 727 727 730 733 738 744 749 754 Ending Stocks 116 119 117 117 116 116 115 114 113 113 113 42.12 41.36 43.96 44.67 (U.S. Cents per Pound) 45.08 45.88 47.06 48.17 49.19 50.03 50.54 Prices Valley Points 13/14 14/15 114 / U.S. Crops: FAPRI 2010 Agricultural Outlook U.S. Sugar Reduced imports and beginning stocks have resulted in very tight sugar supplies in 2009/10, in spite of a modest increase in domestic production. In response to high sugar prices, projected sugar production increases in 2010/11. Sugar imports from Mexico also increase in 2010/11, assuming a return to normal growing conditions in Mexico and a supply response to high prices. HFCS consumption has been declining, in part because of reduced consumption of caloric soft drinks. Per capita sugar consumption has been fairly steady, although current high prices cause a slight dip in 2009/10. Sugar prices jump to record levels in 2009/10 because of very tight supplies. The projected supply response to these high prices results in much lower prices in 2010/11. Prices in any given year will vary from the reported averages. If supplies are larger or demand is weaker, prices could fall low enough to trigger the sugar-for-ethanol program. U.S. Crops: FAPRI 2010 Agricultural Outlook / 115 U.S. Sugar Crop Production 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Beet Sugar Harvested Area (1,000 a) Yield (tons/a) Production (1,000 tons) 1,145 25.77 29,519 1,264 26.30 33,238 1,164 26.59 30,956 1,145 26.89 30,793 1,148 27.20 31,224 1,151 27.52 31,688 1,156 27.84 32,175 1,149 28.15 32,345 1,146 28.46 32,634 1,146 28.78 32,986 1,148 29.10 33,420 Cane Sugar Harvested Area (1,000 a) Yield (tons/a) Production (1,000 tons) 821 34.60 28,395 846 33.46 28,314 854 33.59 28,679 834 33.74 28,140 832 33.98 28,254 831 34.23 28,435 830 34.48 28,621 828 34.72 28,734 824 34.97 28,807 821 35.22 28,903 818 35.47 29,014 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Short Tons, Raw Value) 12,437 12,563 12,724 12,872 12,971 1,501 1,495 1,517 1,532 1,559 8,324 8,445 8,581 8,721 8,803 4,846 4,946 5,051 5,162 5,222 3,478 3,500 3,529 3,559 3,581 13,084 1,587 8,899 5,302 3,597 13,211 1,613 9,009 5,393 3,616 13,349 1,638 9,135 5,498 3,637 U.S. Sugar Supply and Utilization 09/10 10/11 11/12 11,665 1,451 7,837 4,400 3,437 12,208 1,103 8,649 5,163 3,486 12,423 1,475 8,378 4,840 3,538 Imports Tariff-Rate Quota Duty-Free NAFTA Other TRQ Other Program High-Tier and Other Mexico 2,377 1,257 0 1,257 350 770 760 2,456 1,157 0 1,157 350 949 939 2,570 1,159 0 1,159 350 1,061 1,051 2,611 1,162 0 1,162 350 1,100 1,090 2,622 1,164 0 1,164 350 1,108 1,098 2,626 1,166 0 1,166 350 1,110 1,100 2,619 1,169 0 1,169 350 1,100 1,090 2,609 1,171 0 1,171 350 1,088 1,078 2,598 1,173 0 1,173 350 1,075 1,065 2,588 1,176 0 1,176 350 1,063 1,053 2,576 1,178 0 1,178 350 1,048 1,038 Utilization Domestic Deliveries Exports Statistical Discrepancy 10,562 10,392 170 0 10,733 10,572 161 0 10,922 10,761 161 0 10,942 10,781 161 0 11,045 10,885 161 0 11,192 11,031 161 0 11,313 11,152 161 0 11,384 11,223 161 0 11,471 11,310 161 0 11,573 11,412 161 0 11,680 11,519 161 0 Ending Stocks CCC Other 1,103 0 1,103 1,475 0 1,475 1,501 0 1,501 1,495 0 1,495 1,517 0 1,517 1,532 0 1,532 1,559 0 1,559 1,587 0 1,587 1,613 0 1,613 1,638 0 1,638 1,669 0 1,669 Prices N.Y. Spot Raw Sugar Refined Beet Sugar Cane Loan Rate Beet Loan Rate 29.35 42.95 18.25 23.45 25.04 32.97 18.50 23.77 24.62 32.32 18.75 24.09 25.08 32.90 18.75 24.09 (U.S. Cents per Pound) 25.23 25.52 25.62 33.05 33.39 33.47 18.75 18.75 18.75 24.09 24.09 24.09 25.62 33.41 18.75 24.09 25.65 33.40 18.75 24.09 25.72 33.43 18.75 24.09 25.68 33.32 18.75 24.09 Raw Sugar Supply Beginning Stocks Production Beet Sugar Cane Sugar U.S. LIVESTOCK AND DAIRY 118 / U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook U.S. Beef A sharp decline in consumer demand for beef resulted in much lower cattle prices in 2009 despite a decline in beef production. Cow-calf producers are expected to achieve near break-even profitability in 2010 following losses in 2008 and 2009. As the economy recovers, beef demand should strengthen. This will combine with tight beef supplies for the next few years, returning profitability to the beef industry. The size of the U.S. calf crop has declined for 14 consecutive years, and this trend will not soon reverse itself. As cattle imports from Canada increased from 2005 to 2008, the effect of declining U.S. calf availability on slaughter levels was muted. Cattle imports are not expected to increase sharply in the years to come. Also, a higher percentage of calves will be used to rebuild the cow herd once prices improve, limiting slaughter levels. International beef demand will increase as global economies recover, allowing beef exports to approach pre-BSE levels by 2012. Beef imports will also increase in the coming years, as a declining cow herd and higher prices encourage importers to seek cow meat supplies from overseas. In the next 10 years about 12% of beef consumption is expected to be imported and 10% of production exported. U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook / 119 U.S. Beef Supply and Utilization 2009 2010 2011 2012 2013 Beef Cows (Jan. 1) Dairy Cows (Jan. 1) 31.7 9.3 31.0 9.1 30.5 9.0 30.1 8.9 Cattle and Calves (Jan. 1) Calf Crop Calf Death Loss 94.5 35.6 2.2 93.5 34.9 2.1 92.7 34.5 2.1 2015 2016 2017 2018 2019 (Million Head) 30.1 30.1 8.9 8.9 30.2 8.9 30.6 8.9 30.9 8.9 31.1 8.9 31.3 8.9 91.8 34.4 2.1 91.3 34.5 2.1 91.3 34.8 2.1 91.7 35.1 2.1 92.2 35.6 2.1 92.7 35.9 2.1 93.0 36.1 2.1 93.3 36.2 2.1 1.0 3.4 2.9 0.6 26.6 34.4 1.0 3.3 2.7 0.6 26.3 33.8 1.0 3.1 2.7 0.6 26.4 33.7 1.0 2.9 2.7 0.6 26.2 33.3 1.0 2.9 2.7 0.6 25.9 33.0 1.0 2.8 2.7 0.6 25.9 32.9 1.0 2.6 2.7 0.6 26.3 33.1 1.0 2.6 2.7 0.6 26.7 33.5 1.0 2.7 2.7 0.6 26.9 33.9 1.0 2.8 2.7 0.6 27.2 34.2 1.0 2.9 2.7 0.6 27.4 34.5 2.0 0.1 2.2 0.1 2.2 0.1 2.3 0.1 2.3 0.1 2.3 0.1 2.3 0.1 2.3 0.1 2.3 0.1 2.3 0.1 2.3 0.1 Cattle Death Loss Residual Cattle and Calves (Dec. 31) 2.3 0.4 93.5 2.3 0.4 92.7 2.3 0.5 91.8 2.2 0.5 91.3 2.2 0.6 91.3 2.2 0.6 91.7 2.2 0.6 92.2 2.2 0.6 92.7 2.3 0.6 93.0 2.3 0.6 93.3 2.3 0.6 93.4 Cattle on Feed (Jan. 1) 13.9 13.6 13.8 14.1 14.0 14.0 14.2 14.4 14.4 14.5 14.4 Supply Beginning Stocks Imports Production Total 642 2,703 26,056 29,401 555 2,799 25,589 28,943 469 2,950 25,494 28,914 504 3,157 25,297 28,958 (Million Pounds) 512 530 544 3,250 3,326 3,363 25,220 25,174 25,510 28,982 29,031 29,416 567 3,351 25,995 29,913 592 3,289 26,452 30,333 616 3,239 26,851 30,706 638 3,197 27,219 31,053 Disappearance Domestic Use Exports Total Ending Stocks 26,985 1,861 28,846 555 26,481 1,992 28,474 469 26,226 2,184 28,410 504 26,011 2,435 28,446 512 25,975 2,477 28,452 530 25,993 2,494 28,487 544 26,310 2,539 28,849 567 26,692 2,629 29,321 592 27,045 2,672 29,717 616 27,367 2,702 30,069 638 27,651 2,747 30,397 656 87.7 61.4 -2.1% 85.2 59.6 -2.8% 83.6 58.5 -1.9% 82.1 57.5 -1.8% 81.2 56.8 -1.1% (Pounds) 80.5 56.3 -0.9% 80.7 56.5 0.3% 81.1 56.7 0.5% 81.3 56.9 0.4% 81.5 57.1 0.2% 81.6 57.1 0.1% 82.68 -10.4% 87.80 6.2% 95.57 8.8% 101.11 5.8% 101.25 -0.6% 100.83 -0.4% 100.78 0.0% 100.65 -0.1% 101.85 -5.3% 47.01 -14.4% 140.33 -8.4% 109.46 7.5% 48.53 3.2% 150.92 7.5% 119.45 9.1% 54.48 12.3% 164.34 8.9% 130.03 8.9% 58.62 7.6% 173.50 5.6% 130.95 -1.7% 58.95 -0.8% 176.20 -0.2% 129.76 -0.9% 58.43 -0.9% 175.66 -0.3% 128.91 -0.7% 57.66 -1.3% 175.18 -0.3% 128.70 -0.2% 57.51 -0.2% 175.19 0.0% 128.63 -0.1% 57.44 -0.1% 175.15 0.0% Beef Retail Change 4.26 -1.5% 4.45 4.6% 4.73 6.2% 4.99 5.4% (U.S. Dollars per Pound) 5.14 5.19 5.18 3.0% 1.0% -0.1% 5.17 -0.3% 5.16 -0.1% 5.16 0.0% 5.16 0.0% Net Returns Cow - Calf -35.26 1.10 40.47 74.61 (U.S. Dollars per Cow) 77.53 69.64 51.56 38.54 26.82 17.74 10.27 Calf Slaughter Beef Cow Slaughter Dairy Cow Slaughter Bull Slaughter Steer and Heifer Slaughter Total Slaughter Cattle Imports Cattle Exports Per Capita Consumption Carcass Weight Retail Weight Change Prices 1100 - 1300 #, Nebraska Direct Steers Change 600 - 650 #, Oklahoma City Feeder Steers Change Utility Cows, Sioux Falls Change Boxed Beef Cutout Change 2014 (U.S. Dollars per Hundredweight) 102.41 102.57 101.88 1.3% 0.2% -0.7% 132.24 1.7% 59.19 1.0% 176.17 1.5% 133.15 0.7% 59.43 0.4% 176.54 0.2% 120 / U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook U.S. Pork Hog producers experienced another disastrous year in 2009. Equity losses in 2008 and 2009 wiped out profits gained from 2004 to 2007. Producers are expected to approach break-even profitability in 2010, though much hinges on the speed of economic recovery, both at home and abroad. The cyclical nature of profitability in pork production is expected to continue. Improved returns in 2011 and 2012 will lead to higher production, which will in turn limit profitability in subsequent years. U.S. sow numbers have declined by over 6% in the past two years. However, gains in productivity have caused pork production reductions to be much smaller. The largest area of increase has been observed in the number of pigs per litter, which has increased by 6% from 2006 to 2009. One limiting factor on productivity growth in the next decade will be a reversal of the long-term trend of increased hog imports from Canada. Just as strong pork export growth from 2004 to 2008 buoyed hog prices in the face of strong production growth, the reverse occurred in 2009. The global economic recession, as well as the end of short-term export boosters such as hog disease problems in China, lowered pork exports by 500 million pounds last year. As pork export growth resumes in the coming decade, the amount of pork available for U.S. consumers will decline. U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook / 121 U.S. Pork Supply and Utilization 2009 2010 2011 2012 2013 Breeding Herd (Dec. 1*) Gilts Added Sows Slaughter Sows Farrowed Pigs per Litter (Head) 6.06 3.13 3.28 11.97 9.62 5.85 3.05 3.14 11.71 9.73 5.70 3.06 3.03 11.62 9.80 5.68 3.13 3.01 11.75 9.87 Market Hogs (Dec. 1*) Pig Crop 61.1 115.2 60.0 113.9 59.1 113.9 2015 2016 2017 2018 2019 (Million Head) 5.75 5.84 3.21 3.22 3.06 3.12 12.00 12.23 9.94 10.01 5.88 3.20 3.15 12.35 10.08 5.86 3.15 3.15 12.37 10.14 5.80 3.09 3.12 12.32 10.21 5.72 3.05 3.07 12.25 10.28 5.65 3.05 3.02 12.24 10.34 59.0 116.0 59.9 119.3 61.4 122.4 62.7 124.4 63.6 125.4 63.9 125.8 63.9 125.9 63.8 126.6 110.0 108.2 107.5 108.4 110.9 113.8 116.1 117.5 118.0 118.2 118.6 6.4 0.0 5.9 0.1 6.0 0.1 6.0 0.1 6.0 0.1 6.0 0.1 6.1 0.1 6.0 0.1 6.0 0.1 6.0 0.1 5.9 0.1 12.7 60.0 12.5 59.1 12.4 59.0 12.6 59.9 12.9 61.4 13.2 62.7 13.5 63.6 13.6 63.9 13.6 63.9 13.7 63.8 13.7 64.1 Supply Beginning Stocks Imports Production Total 635 841 23,022 24,498 575 892 22,698 24,165 563 951 22,639 24,153 555 988 22,924 24,466 (Million Pounds) 561 583 608 985 942 899 23,528 24,244 24,841 25,074 25,769 26,347 630 867 25,232 26,729 644 845 25,456 26,945 651 864 25,608 27,123 654 901 25,806 27,361 Disappearance Domestic Use Exports Total Ending Stocks 19,772 4,151 23,923 575 19,143 4,460 23,602 563 18,999 4,599 23,599 555 19,134 4,772 23,905 561 19,546 4,945 24,491 583 20,007 5,155 25,162 608 20,365 5,353 25,718 630 20,567 5,518 26,085 644 20,634 5,661 26,294 651 20,678 5,791 26,469 654 20,779 5,924 26,702 659 64.2 49.8 0.9% 61.6 47.8 -4.1% 60.5 47.0 -1.7% 60.4 46.9 -0.3% 61.1 47.4 1.2% (Pounds) 61.9 48.1 1.4% 62.4 48.4 0.8% 62.5 48.5 0.0% 62.1 48.2 -0.6% 61.6 47.8 -0.7% 61.3 47.6 -0.5% 41.24 -13.8% 47.89 16.1% 53.76 12.3% 55.93 4.0% 49.58 -1.3% 50.48 1.8% 52.24 3.5% 53.93 3.2% 34.69 6.6% 58.10 -16.1% 38.17 10.0% 67.30 15.8% 41.69 9.2% 75.15 11.7% 44.94 7.8% 79.25 5.5% 43.00 -4.3% 78.36 -1.1% 39.56 -3.9% 76.77 -1.5% 38.64 -2.3% 76.36 -0.5% 39.25 1.6% 77.55 1.6% 40.91 4.2% 79.75 2.8% 42.65 4.2% 82.02 2.9% 2.92 -0.6% 3.05 4.6% 3.23 5.9% 3.36 4.0% (U.S. Dollars per Pound) 3.36 3.34 3.32 -0.2% -0.5% -0.6% 3.31 -0.2% 3.39 2.3% 3.50 3.2% 3.62 3.6% -9.64 -0.08 5.43 6.98 -1.71 -0.97 0.54 2.30 Barrow and Gilt Slaughter Hog Imports Hog Exports Death Loss/Residual Market Hogs (Nov. 30) Per Capita Consumption Carcass Weight Retail Weight Change Prices Barrows & Gilts, Natl. Base 51-52% live equiv. Change Sows, IA-S. Minn. #1-2, 300-400 lb Change Pork Cutout Value Change Pork Retail Change Net Returns Farrow - Finish * Preceding year. 2014 (U.S. Dollars per Hundredweight) 53.45 51.47 50.24 -4.4% -3.7% -2.4% 41.16 -4.3% 77.98 -0.5% (U.S. Dollars per Hundredweight) 3.99 1.27 -0.65 122 / U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook U.S. Poultry For the first time in many decades, chicken production fell below the previous year’s levels. Turkey production was also down. Feed prices are at historically high levels, and reduced demand for meat and egg products have hampered all segments of the poultry industry. Chicken production is expected to grow at around 2% in the next decade. This is much lower than the 4.5% average growth rate from 1990 to 2005. Chicken markets provided a glimpse at value issues facing all meat products during a recession, as typically lower-valued wing prices eclipsed those of boneless skinless breasts in 2009. With its lower-priced protein, chicken is in the best position relative to beef and pork to survive tight consumer budgets. However, breast prices must increase for the industry to succeed in the long run. Prices will increase upon economic recovery but not as much as prices for beef and pork. During the past decade, about 30% of all chicken exports were destined for Russia. Russia is currently banning chicken treated with chlorine, the production process used in virtually all U.S. plants. If the ban is not resolved quickly, a surplus of dark meat chicken will pull down other chicken part prices, as well as prices for beef and pork. U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook / 123 U.S. Broiler Supply and Utilization 2009 2010 2011 2012 Supply Beginning Stocks Imports Production Total 745 82 35,153 35,980 640 80 35,653 36,373 688 83 36,398 37,169 Disappearance Domestic Use Exports Total Ending Stocks 28,538 6,802 35,340 640 29,481 6,204 35,685 688 92.7 79.6 -4.5% Per Capita Consumption RTC Weight Retail Weight Change Prices 12-City Wholesale Change Broiler Retail Change Broiler - Feed Ratio 2013 2015 2016 2017 2018 2019 708 86 37,136 37,930 (Million Pounds) 726 747 756 89 92 95 37,861 38,557 39,265 38,676 39,396 40,116 766 98 40,008 40,871 775 101 40,778 41,654 785 104 41,575 42,464 796 107 42,397 43,299 30,129 6,332 36,461 708 30,696 6,508 37,204 726 31,267 6,663 37,929 747 31,818 6,822 38,640 756 32,354 6,997 39,350 766 32,878 7,218 40,096 775 33,422 7,447 40,869 785 33,975 7,693 41,668 796 34,590 7,902 42,492 807 94.8 81.5 2.3% 96.0 82.5 1.2% 96.9 83.2 0.9% 97.7 83.9 0.9% (Pounds) 98.5 84.6 0.8% 99.2 85.2 0.7% 99.8 85.8 0.7% 100.5 86.3 0.7% 101.2 86.9 0.7% 102.1 87.7 0.9% 77.60 -2.6% 177.97 1.9% 77.90 0.4% 182.05 2.3% 80.31 3.1% 188.31 3.4% 82.68 3.0% 194.95 3.5% (Cents per Pound) 83.92 85.17 86.63 1.5% 1.5% 1.7% 199.75 203.69 207.47 2.5% 2.0% 1.9% 87.95 1.5% 210.59 1.5% 89.11 1.3% 213.27 1.3% 90.47 1.5% 216.18 1.4% 91.54 1.2% 218.58 1.1% 4.1 4.5 4.7 4.8 4.9 4.9 5.0 5.0 4.8 2014 4.8 4.8 124 / U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook U.S. Turkey Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Supply Beginning Stocks Imports Production Total 396 13 5,573 5,982 260 12 5,586 5,858 283 13 5,717 6,013 286 14 5,874 6,174 (Million Pounds) 288 294 297 15 16 17 6,016 6,129 6,217 6,319 6,439 6,531 301 18 6,282 6,601 303 19 6,330 6,653 305 20 6,368 6,693 305 21 6,401 6,728 Disappearance Domestic Use Exports Total Ending Stocks 5,187 536 5,723 260 5,030 545 5,575 283 5,152 576 5,728 286 5,283 602 5,885 288 5,409 617 6,025 294 5,510 631 6,141 297 5,583 648 6,230 301 5,629 668 6,297 303 5,658 689 6,348 305 5,676 712 6,388 305 5,691 731 6,422 305 Per Capita Consumption Change 16.8 -4.2% 16.2 -4.0% 16.4 1.4% 16.7 1.6% 16.9 1.4% (Pounds) 17.1 0.9% 17.1 0.4% 17.1 -0.1% 17.0 -0.4% 16.9 -0.6% 16.8 -0.7% Prices East. Region, Wholesale Change Turkey Retail Change 79.85 -8.8% 139.60 11.7% 82.79 3.7% 146.18 4.7% 85.77 3.6% 148.72 1.7% 87.98 2.6% 151.15 1.6% (U.S. Cents per Pound) 88.81 89.93 91.06 0.9% 1.3% 1.3% 153.27 155.42 157.59 1.4% 1.4% 1.4% 91.72 0.7% 159.08 0.9% 92.42 0.8% 160.23 0.7% 93.71 1.4% 161.72 0.9% 95.05 1.4% 163.20 0.9% 5.0 5.7 6.0 6.1 6.0 6.0 6.1 6.2 Turkey - Feed Ratio 6.0 2014 6.0 6.0 U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook / 125 U.S. Egg Supply and Utilization 2009 2010 2011 2012 2013 Supply Beginning Stocks Production Imports Total 17 7,517 11 7,546 15 7,569 12 7,596 15 7,686 12 7,714 15 7,806 13 7,834 Disappearance Civilian Disappearance Shell Egg Breaking Egg Hatching Egg Exports Total Ending Stock 4,258 2,083 950 240 7,531 15 4,284 2,110 967 220 7,581 15 4,342 2,153 976 227 7,699 15 Per Capita Consumption Shell Egg Change Breaking Egg Change Total 166.0 -0.8% 81.2 -0.1% 247.2 165.4 -0.4% 81.5 0.3% 246.8 102.97 -19.8% 166.40 -16.2% 7.1 Prices NY Grade A Lg. Wholesale Change Shell Egg Retail Change Egg - Feed Ratio 2015 2016 2017 2018 2019 (Million Dozen) 15 15 7,919 8,017 13 13 7,946 8,045 15 8,101 13 8,130 15 8,178 14 8,206 15 8,250 14 8,279 15 8,317 14 8,346 15 8,386 14 8,415 4,404 2,199 986 230 7,819 15 4,461 2,242 994 233 7,931 15 4,509 2,282 1,002 237 8,030 15 4,548 2,317 1,010 241 8,115 15 4,580 2,349 1,018 244 8,191 15 4,610 2,380 1,026 248 8,264 15 4,636 2,409 1,035 251 8,331 15 4,662 2,439 1,044 254 8,400 15 166.0 0.4% 82.3 1.1% 248.3 166.8 0.5% 83.3 1.1% 250.0 167.3 0.3% 84.1 1.0% 251.4 (Eggs) 167.5 0.1% 84.8 0.8% 252.2 167.3 -0.1% 85.2 0.6% 252.5 166.9 -0.2% 85.6 0.4% 252.5 166.4 -0.3% 85.9 0.4% 252.3 165.7 -0.4% 86.1 0.3% 251.9 165.1 -0.4% 86.4 0.3% 251.5 108.79 5.6% 171.73 3.2% 114.01 4.8% 179.78 4.7% 117.08 2.7% 186.08 3.5% (U.S. Cents per Dozen) 119.18 120.27 121.19 1.8% 0.9% 0.8% 191.03 194.97 198.12 2.7% 2.1% 1.6% 122.20 0.8% 200.90 1.4% 122.75 0.4% 203.13 1.1% 123.41 0.5% 205.44 1.1% 124.20 0.6% 207.60 1.1% 8.3 8.8 9.0 8.8 8.8 8.7 8.8 9.0 2014 8.9 8.8 126 / U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook U.S. Dairy A large decline in farm-level milk prices was seen in 2009. All milk prices are expected to increase in 2010 to near $17 per cwt. The increase in 2010 prices depends critically on general economic recovery. Although the forecasted average all milk prices show little volatility, there is a large range in the price outcomes, suggesting more volatility in the years ahead. Lower world dairy prices were one of the reasons that U.S. all milk prices declined in 2009. Recovery in world dairy prices in 2010 will help support higher U.S. milk prices. The U.S. is expected to be a larger player in world markets in the baseline because of growing U.S. commercial dairy product exports. The level of Milk Income Loss Contract (MILC) payments increased substantially in 2009 as a result of low milk prices and high feed costs. The average outcome from the baseline shows only minimal levels of MILC payments each year. However, some of the 500 outcomes have large MILC payments that exceed historical levels. U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook / 127 U.S. Milk Component Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 1,740 514 420 85 721 1,732 510 430 86 706 1,742 503 437 86 715 1,758 497 446 86 729 (Million Pounds) 1,771 1,788 1,809 490 483 477 454 462 471 87 87 88 740 755 772 1,827 471 480 88 788 1,844 464 489 89 803 1,862 457 497 89 818 1,881 450 506 90 835 4,974 1,339 1,457 1,265 6 66 732 11 99 4,992 1,357 1,460 1,258 5 72 733 11 95 5,072 1,385 1,487 1,275 6 75 738 11 96 5,129 1,407 1,500 1,290 6 75 745 11 96 5,193 1,429 1,525 1,302 6 75 749 11 97 5,253 1,451 1,548 1,311 6 75 754 11 98 5,312 1,473 1,570 1,318 6 75 760 11 99 5,372 1,496 1,593 1,326 6 76 765 11 100 5,432 1,520 1,615 1,334 6 76 770 11 101 5,493 1,543 1,637 1,344 6 76 774 11 102 5,556 1,568 1,660 1,353 6 76 780 11 103 39 39 40 40 40 41 41 42 42 43 43 189,259 3.68% 6,965 188,432 3.68% 6,934 190,747 3.67% 7,000 192,766 3.66% 7,055 194,916 3.65% 7,114 197,104 3.64% 7,175 199,362 3.63% 7,237 201,559 3.62% 7,296 203,750 3.61% 7,355 205,992 3.60% 7,416 208,343 3.59% 7,480 212 171 147 128 111 93 75 56 38 19 -1 5,134 1,363 1,920 1,480 371 5,179 1,353 1,967 1,496 363 5,203 1,334 2,000 1,501 368 5,240 1,317 2,039 1,509 375 5,269 1,299 2,074 1,515 381 5,308 1,282 2,113 1,524 389 5,351 1,266 2,154 1,533 397 5,391 1,249 2,194 1,542 405 5,427 1,230 2,234 1,550 413 5,465 1,212 2,274 1,559 421 5,506 1,194 2,315 1,567 429 7,747 1,248 1,537 47 1,007 1,641 -635 552 1,037 1,673 648 7,697 1,264 1,540 47 873 1,581 -708 609 1,039 1,700 626 7,841 1,291 1,568 47 888 1,636 -748 627 1,046 1,745 628 7,941 1,311 1,581 48 904 1,662 -757 629 1,056 1,781 632 8,042 1,331 1,609 48 925 1,689 -763 629 1,061 1,801 637 8,138 1,352 1,632 49 945 1,714 -769 630 1,069 1,820 643 8,236 1,373 1,656 49 959 1,736 -777 633 1,077 1,840 649 8,331 1,394 1,680 49 975 1,759 -784 635 1,084 1,860 655 8,428 1,416 1,703 50 992 1,782 -791 636 1,091 1,879 661 8,528 1,438 1,726 50 1,011 1,807 -796 638 1,098 1,900 667 8,632 1,461 1,750 50 1,033 1,835 -801 639 1,105 1,920 673 93 93 93 94 95 97 98 99 100 101 102 189,259 8.70% 16,466 188,432 8.70% 16,394 190,747 8.70% 16,595 192,766 8.70% 16,771 194,916 8.70% 16,958 197,104 8.70% 17,148 199,362 8.70% 17,345 201,559 8.70% 17,536 203,750 8.70% 17,726 205,992 8.70% 17,921 208,343 8.70% 18,126 2,792 2,806 2,849 2,874 2,912 2,946 2,981 3,016 3,051 3,086 3,123 699 618 609 621 640 660 679 699 720 741 763 Min. FMMO Class Prices Class I Mover Class II Class III Class IV 11.48 11.26 11.36 10.89 15.50 13.84 15.38 13.46 16.05 14.65 15.93 14.27 16.19 15.07 16.07 14.69 17.05 16.22 16.93 15.84 17.17 16.44 17.05 16.06 17.33 16.73 17.21 16.35 17.50 17.02 17.38 16.64 All Milk Price 12.79 16.48 17.17 17.39 18.31 18.45 18.64 18.84 Milk-Fat Basis Fluid Use Whole Milk 2% Milk 1% and Skim Milk Other Product Use American Cheese Other Cheese Butter Nonfat Dry Evap. and Condensed Frozen Products Whey Products Other Farm Use Milk Production % Fat Total Fat Supply Residual Fat Solids-Not-Fat Basis Fluid Use Whole Milk 2% Milk 1% and Skim Milk Other Product Use American Cheese Other Cheese Butter Nonfat Dry Total Nonfat Dry Nonfat Dry in Other Evap. and Condensed Frozen Products Whey Products Other Farm Use Milk Production % SNF Total SNF Supply Residual Whey Residual SNF 2014 (U.S. Dollars per Hundredweight) 16.36 16.55 16.83 15.33 15.62 15.93 16.24 16.43 16.71 14.96 15.24 15.55 17.58 17.79 18.08 128 / U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook U.S. State-Level Dairy Supply The cost of producing milk has increased rapidly because of high costs for feed and energy-related inputs. Low milk prices coupled with historically high production costs resulted in the dairy industry experiencing one of the worst years on record in 2009. Milk production costs have declined from their 2008 peak. However, they remain well above the historical average. Dairy cow inventories declined substantially in 2009 as a result of the negative returns faced by the industry. Further contraction is expected in 2010 as returns remain historically low. Milk yield growth is expected to accelerate in 2010 given the heavy culling of lower-producing dairy cows that occurred in 2009. New technologies such as sexed semen could accelerate the growth in milk yields in the future. Milk production is expected to decline in 2010 for the second consecutive year. After 2010, milk production is projected to grow by 1.1% annually on average. Higher feed and transportation costs appear to be pushing regional milk production closer to feed and other input sources. U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook / 129 U.S. Dairy Cows by State 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming 11 1 177 13 1,796 123 18 6 115 77 2 550 102 168 215 118 84 23 33 55 14 356 469 18 107 15 61 27 15 9 325 619 45 23 277 59 114 545 1 17 94 56 423 84 135 96 240 11 1,257 5 10 1 170 11 1,758 119 17 6 110 75 2 545 101 170 213 118 77 19 33 54 12 354 465 16 102 13 59 27 15 8 311 607 43 20 271 54 114 536 1 16 96 52 419 82 130 93 234 10 1,245 4 9 1 170 10 1,744 117 16 6 107 74 2 549 101 173 213 119 72 17 32 53 11 356 464 14 100 12 58 27 15 8 306 601 41 17 270 51 114 532 1 16 97 49 423 81 126 92 230 9 1,245 3 8 1 171 9 1,743 116 16 6 105 72 2 555 101 177 214 121 68 14 32 52 10 358 462 13 97 11 57 27 15 7 303 597 39 15 269 48 115 530 1 15 98 46 428 81 123 91 228 8 1,245 3 (Thousand Head) 8 7 7 1 1 1 172 173 174 8 7 6 1,748 1,757 1,769 115 114 114 15 15 14 6 6 6 103 101 99 71 69 67 2 2 1 564 573 583 102 102 102 181 184 187 214 215 215 123 124 126 65 63 61 12 11 9 32 32 32 51 50 49 9 8 7 359 361 362 459 455 450 12 11 10 95 93 91 10 9 9 56 56 55 27 28 28 15 15 15 7 6 6 302 302 303 593 589 585 37 35 33 13 11 10 268 267 266 46 44 42 114 114 114 528 526 524 1 1 1 14 14 13 98 98 98 44 42 40 433 437 441 81 81 81 121 119 117 90 90 89 227 225 224 7 7 7 1,241 1,237 1,233 4 4 5 6 1 175 6 1,784 113 14 6 97 66 1 595 102 190 215 127 59 8 32 48 7 363 445 9 90 9 55 28 15 5 305 581 31 9 265 40 113 522 1 13 98 38 444 81 115 88 223 6 1,228 5 6 1 176 5 1,802 113 13 6 95 64 1 607 102 193 215 128 57 6 32 48 6 363 438 8 88 8 54 28 15 5 308 577 29 8 264 39 112 520 1 12 98 35 447 81 114 87 221 6 1,223 5 5 1 177 5 1,822 112 13 6 94 62 1 619 102 195 214 129 56 5 32 47 6 363 432 7 86 9 54 29 15 5 311 573 27 7 262 37 111 518 1 12 97 33 449 81 112 86 220 6 1,217 5 5 1 178 5 1,844 112 12 6 92 61 1 632 101 198 214 130 55 4 32 47 6 364 425 6 84 9 54 29 15 4 315 568 24 6 260 36 110 515 1 11 97 31 451 81 111 85 219 6 1,212 5 United States 9,200 9,015 8,950 8,923 8,904 8,874 8,870 8,869 8,873 8,890 8,880 130 / U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook U.S. Milk Production by State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming United States 2009 2010 2011 2012 164 6 4,073 165 39,506 2,865 353 102 2,080 1,393 21 12,144 1,925 3,370 4,379 2,484 1,192 275 596 1,004 233 7,980 9,030 250 1,568 299 1,211 588 293 159 7,904 12,433 884 383 5,175 1,002 2,248 10,549 19 318 1,892 908 8,840 1,762 2,469 1,736 5,566 162 25,200 100 149 6 3,968 143 39,215 2,817 339 102 2,004 1,393 21 12,219 1,935 3,463 4,407 2,541 1,112 236 596 1,002 210 8,081 9,117 225 1,508 269 1,194 590 293 150 7,671 12,323 844 337 5,121 942 2,273 10,508 19 306 1,964 859 9,080 1,750 2,396 1,700 5,488 146 25,330 70 141 6 4,017 127 39,623 2,831 331 103 1,984 1,394 22 12,501 1,978 3,584 4,487 2,642 1,069 207 606 1,007 192 8,294 9,273 210 1,483 246 1,197 604 297 142 7,612 12,457 819 301 5,160 903 2,320 10,594 20 299 2,044 830 9,410 1,770 2,372 1,705 5,496 135 25,842 62 132 6 4,085 112 40,108 2,844 322 104 1,962 1,384 23 12,781 2,015 3,691 4,553 2,745 1,032 181 615 1,004 176 8,481 9,365 194 1,455 227 1,202 617 300 134 7,589 12,525 793 267 5,187 870 2,353 10,657 20 292 2,100 801 9,712 1,788 2,350 1,708 5,491 127 26,222 64 189,259 188,432 190,747 192,766 2013 2014 2015 2016 2017 2018 2019 109 7 4,239 82 42,253 2,903 301 107 1,900 1,341 21 13,825 2,115 3,990 4,732 3,042 962 117 641 977 139 8,907 9,483 153 1,382 195 1,228 659 309 114 7,709 12,733 700 188 5,248 795 2,414 10,856 21 272 2,212 719 10,591 1,849 2,316 1,717 5,472 112 27,104 97 103 7 4,286 76 43,074 2,923 295 108 1,880 1,324 19 14,222 2,143 4,079 4,781 3,118 946 100 649 975 129 9,021 9,489 140 1,359 191 1,238 672 312 108 7,796 12,790 663 166 5,258 776 2,427 10,916 21 265 2,249 690 10,811 1,869 2,313 1,718 5,470 110 27,377 105 97 7 4,331 73 43,917 2,942 290 109 1,862 1,307 19 14,636 2,169 4,164 4,825 3,189 935 84 657 977 122 9,127 9,477 129 1,336 190 1,248 684 315 103 7,902 12,843 623 147 5,263 758 2,436 10,972 21 258 2,286 661 11,016 1,888 2,314 1,718 5,469 108 27,638 110 91 7 4,373 71 44,822 2,961 284 110 1,844 1,288 18 15,071 2,193 4,245 4,865 3,257 926 71 665 983 116 9,225 9,451 118 1,315 193 1,260 695 317 97 8,025 12,891 581 130 5,265 743 2,442 11,028 21 250 2,323 630 11,209 1,907 2,318 1,718 5,469 108 27,889 113 86 7 4,416 70 45,794 2,982 279 111 1,829 1,270 19 15,526 2,216 4,326 4,905 3,323 922 59 673 994 111 9,319 9,414 108 1,295 199 1,272 706 320 92 8,168 12,939 536 115 5,267 731 2,444 11,085 22 242 2,354 600 11,396 1,926 2,326 1,719 5,470 109 28,141 114 199,362 201,559 203,750 205,992 208,343 (Million Pounds) 124 117 6 6 4,141 4,191 100 90 40,734 41,451 2,864 2,884 315 308 105 106 1,941 1,920 1,371 1,357 23 23 13,103 13,451 2,051 2,085 3,797 3,896 4,619 4,678 2,850 2,953 1,004 981 157 136 624 633 997 985 162 149 8,651 8,783 9,423 9,461 179 166 1,430 1,405 212 202 1,210 1,219 632 646 303 306 127 121 7,603 7,643 12,600 12,669 765 734 238 212 5,213 5,233 842 817 2,377 2,397 10,727 10,793 20 20 286 279 2,138 2,175 774 747 10,016 10,309 1,809 1,829 2,334 2,323 1,712 1,715 5,483 5,476 120 116 26,528 26,820 73 87 194,916 197,104 U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook / 131 U.S. All-Milk Prices by State 2009 2010 2011 2012 Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming 13.87 15.09 12.09 12.72 11.51 12.82 12.91 11.95 16.82 13.36 19.50 11.81 13.33 13.46 13.23 13.99 13.59 13.23 13.23 12.15 12.91 13.40 13.35 13.30 12.98 12.15 12.08 10.80 12.72 11.83 12.19 12.98 13.74 11.83 14.14 12.91 13.66 14.45 12.85 13.74 12.21 12.91 13.35 12.17 13.75 15.34 12.21 12.02 13.07 11.12 17.76 18.74 15.70 16.56 14.86 16.46 16.56 15.65 20.76 17.26 23.10 15.46 17.13 17.23 16.99 17.70 17.40 17.11 16.88 15.81 16.56 17.15 17.37 17.18 16.78 16.16 15.73 14.60 16.37 15.47 15.98 16.65 17.51 15.82 17.89 16.67 17.31 18.12 16.50 17.52 16.00 16.73 17.16 15.95 17.40 19.11 15.86 15.75 17.06 14.77 18.45 19.47 16.44 17.26 15.47 17.20 17.30 16.38 21.44 17.95 23.84 16.20 17.84 17.94 17.71 18.42 18.10 17.80 17.61 16.54 17.30 17.87 18.03 17.87 17.49 16.83 16.46 15.31 17.10 16.21 16.69 17.38 18.23 16.49 18.61 17.39 18.05 18.85 17.23 18.23 16.71 17.43 17.87 16.66 18.13 19.82 16.59 16.47 17.73 15.50 18.64 19.70 16.68 17.46 15.74 17.43 17.53 16.60 21.62 18.13 24.08 16.43 18.04 18.15 17.92 18.65 18.30 17.99 17.85 16.77 17.53 18.08 18.20 18.06 17.69 16.99 16.70 15.51 17.34 16.44 16.90 17.61 18.44 16.66 18.82 17.60 18.28 19.08 17.46 18.44 16.92 17.63 18.07 16.87 18.37 20.03 16.83 16.68 17.90 15.74 United States 12.79 16.48 17.17 17.39 2013 2015 2016 2017 2018 2019 (Dollars per Hundredweight) 18.82 19.02 19.31 19.90 20.12 20.41 16.88 17.11 17.40 17.64 17.85 18.14 15.95 16.19 16.48 17.63 17.85 18.14 17.73 17.95 18.24 16.79 17.01 17.30 21.79 22.00 22.28 18.31 18.52 18.81 24.28 24.51 24.80 16.63 16.85 17.14 18.23 18.44 18.73 18.34 18.55 18.84 18.11 18.32 18.61 18.84 19.06 19.35 18.49 18.70 18.99 18.17 18.38 18.67 18.04 18.27 18.56 16.97 17.19 17.48 17.73 17.95 18.24 18.27 18.49 18.78 18.37 18.57 18.85 18.24 18.45 18.73 17.88 18.09 18.38 17.16 17.36 17.65 16.89 17.12 17.41 15.70 15.91 16.20 17.53 17.76 18.05 16.64 16.86 17.15 17.08 17.30 17.59 17.80 18.03 18.32 18.63 18.84 19.13 16.83 17.03 17.32 19.01 19.23 19.52 17.79 18.00 18.29 18.47 18.70 18.99 19.28 19.50 19.79 17.66 17.88 18.18 18.63 18.84 19.13 17.10 17.32 17.61 17.82 18.03 18.32 18.25 18.47 18.75 17.06 17.27 17.56 18.56 18.78 19.08 20.22 20.43 20.72 17.02 17.24 17.54 16.88 17.09 17.38 18.07 18.27 18.56 15.93 16.16 16.45 19.54 20.66 17.64 18.37 16.72 18.38 18.48 17.54 22.51 19.04 25.04 17.38 18.96 19.08 18.85 19.59 19.22 18.90 18.80 17.72 18.48 19.01 19.07 18.96 18.61 17.87 17.65 16.43 18.29 17.39 17.82 18.56 19.36 17.54 19.75 18.53 19.23 20.03 18.42 19.36 17.84 18.55 18.99 17.79 19.32 20.96 17.78 17.62 18.78 16.69 19.68 20.81 17.80 18.51 16.89 18.54 18.64 17.69 22.65 19.17 25.20 17.53 19.11 19.23 19.00 19.74 19.37 19.04 18.96 17.87 18.64 19.16 19.21 19.10 18.76 18.00 17.81 16.58 18.44 17.55 17.97 18.71 19.51 17.67 19.90 18.68 19.38 20.18 18.57 19.51 17.99 18.70 19.13 17.94 19.47 21.11 17.93 17.77 18.91 16.85 19.86 21.01 18.00 18.70 17.11 18.74 18.84 17.89 22.82 19.35 25.41 17.73 19.30 19.41 19.19 19.93 19.55 19.22 19.16 18.07 18.84 19.35 19.37 19.28 18.95 18.17 18.00 16.77 18.64 17.75 18.15 18.91 19.70 17.84 20.09 18.87 19.58 20.38 18.77 19.70 18.17 18.88 19.32 18.13 19.67 21.30 18.13 17.96 19.08 17.05 20.05 21.22 18.22 18.89 17.34 18.95 19.05 18.10 23.00 19.54 25.62 17.94 19.49 19.61 19.39 20.14 19.75 19.41 19.37 18.28 19.05 19.55 19.55 19.47 19.14 18.35 18.21 16.96 18.85 17.96 18.35 19.12 19.90 18.02 20.29 19.07 19.79 20.59 18.98 19.90 18.37 19.08 19.51 18.32 19.88 21.50 18.34 18.17 19.26 17.26 18.31 18.45 18.64 18.84 17.58 2014 17.79 18.08 132 / U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook U.S. Dairy Products Fluid milk consumption is expected to return to the long-term declining trend. Lower retail milk prices boosted consumption in 2009 relative to 2008. Fluid milk consumption changes are having smaller effects on producer milk prices, as a smaller percentage of milk production is used for fluid purposes. Total cheese per capita consumption has been flat at 32.5 pounds for the previous two years after decades of strong growth. Per capita cheese consumption growth remains important to the overall dairy outlook. It reaches 34.2 pounds by 2019, an increase of 1.6 pounds from the 2009 level. This compares to a 4.7 pound increase over the 1998-2008 period. Exports of dairy products fell in 2009 as many global economies contracted. Economic recovery allows the U.S. to commercially export dairy products over the baseline. From 2005 to 2008, over 43% of nonfat dry milk production was consumed outside of U.S. borders. Trade in butter and cheese is normally small relative to production. U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook / 133 U.S. Dairy Product Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Butter Production Imports Domestic Use Total Foreign Use Ending Stocks Government Commercial CCC Net Rem. inc DEIP 1,560 13 1,515 37 141 0 141 0 1,551 13 1,588 45 73 0 73 0 1,572 13 1,556 31 70 0 70 0 1,591 13 1,565 38 71 0 71 0 (Million Pounds) 1,605 1,616 1,625 13 13 13 1,572 1,579 1,584 45 50 54 72 73 73 0 0 0 72 73 73 0 0 0 1,634 13 1,589 58 74 0 74 0 1,645 13 1,593 65 74 0 74 0 1,657 13 1,596 73 75 0 75 0 1,669 16 1,602 82 76 0 76 0 American Cheese Production Imports Domestic Use Total Foreign Use Ending Stocks Government Commercial CCC Net Rem. inc DEIP 4,178 38 4,074 85 595 0 595 0 4,234 38 4,207 104 555 0 555 0 4,322 38 4,247 109 560 0 560 0 4,389 38 4,302 115 570 0 570 0 4,458 38 4,366 120 581 0 580 0 4,527 38 4,429 125 591 0 591 0 4,598 38 4,495 130 601 0 601 0 4,669 38 4,561 136 612 0 612 0 4,743 38 4,628 141 624 0 624 0 4,816 38 4,695 147 636 0 635 0 4,891 38 4,765 153 647 0 647 0 Other Cheese Production Imports Domestic Use Total Foreign Use Ending Stocks 5,925 330 5,951 217 400 5,937 333 6,111 212 347 6,045 337 6,163 216 350 6,096 340 6,271 228 287 6,201 343 6,310 232 289 6,291 347 6,394 239 295 6,384 350 6,485 245 300 6,475 354 6,571 252 305 6,564 357 6,655 261 310 6,653 361 6,740 269 316 6,748 365 6,830 277 322 Nonfat Dry Milk Production Imports Domestic Use Total Foreign Use Ending Stocks Government Commercial CCC Net Rem. inc DEIP 1,715 0 1,265 518 180 60 120 60 1,652 0 1,110 614 108 0 108 10 1,709 0 1,001 707 110 0 110 10 1,736 0 990 745 112 0 112 0 1,764 0 994 769 113 0 113 0 1,791 0 1,000 789 115 0 115 0 1,814 0 1,010 802 117 0 117 0 1,838 0 1,019 817 118 0 118 0 1,862 0 1,030 831 120 0 120 0 1,888 0 1,038 848 122 0 122 0 1,917 0 1,046 869 124 0 124 0 770 11 674 74 75 850 11 812 74 49 875 11 812 74 49 878 11 814 74 50 878 11 814 74 50 880 11 816 74 50 883 11 820 74 50 886 11 822 74 51 888 11 825 74 51 890 11 827 74 51 893 11 829 74 52 Evap. and Condensed Milk Production Imports Domestic Use Total Foreign Use Ending Stocks 2014 134 / U.S. Livestock and Dairy: FAPRI 2010 Agricultural Outlook U.S. Dairy Product Supply and Utilization (continued) 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Per Capita Consumption Butter Nonfat Dry Milk Total Cheese American Other Total Fluid Milk Whole 2% Lowfat Other Ice Cream 4.9 4.1 32.6 13.2 19.3 202.9 51.1 63.4 61.4 27.1 23.0 5.1 3.6 33.2 13.5 19.7 202.2 50.2 64.3 61.4 26.2 22.8 5.0 3.2 33.2 13.5 19.6 201.1 49.0 64.8 61.0 26.3 22.7 4.9 3.1 33.4 13.6 19.8 200.7 47.9 65.4 60.8 26.6 22.7 4.9 3.1 33.4 13.6 19.7 199.9 46.8 65.9 60.4 26.7 22.6 (Pounds) 4.9 3.1 33.5 13.7 19.8 199.5 45.8 66.5 60.2 27.0 22.5 4.9 3.1 33.7 13.8 19.9 199.3 44.8 67.1 60.0 27.4 22.5 4.8 3.1 33.8 13.8 20.0 198.9 43.7 67.7 59.8 27.7 22.4 4.8 3.1 33.9 13.9 20.0 198.4 42.7 68.3 59.5 27.9 22.3 4.8 3.1 34.1 14.0 20.1 197.9 41.7 68.9 59.3 28.2 22.2 4.7 3.1 34.2 14.1 20.2 197.6 40.7 69.4 59.0 28.5 22.1 Wholesale Prices Butter, CME Cheese, Am., 40#, CME Nonfat Dry Milk, AA Evaporated 124.3 129.6 99.3 145.8 137.3 168.5 122.9 151.3 145.9 173.0 128.2 154.0 145.8 174.1 133.1 155.9 (Cents per Pound) 145.1 146.3 175.6 177.3 136.5 139.2 157.8 160.0 149.4 179.8 141.3 162.2 151.7 181.6 143.6 164.2 153.8 182.6 145.1 165.9 156.1 183.9 147.3 167.8 158.0 185.3 149.8 169.7 4.74 2.87 4.32 5.17 3.42 4.45 5.34 3.50 4.47 5.47 3.52 4.46 (Dollars per Pound) 5.58 5.69 5.81 3.54 3.57 3.61 4.50 4.56 4.64 5.92 3.64 4.70 6.00 3.65 4.76 6.08 3.67 4.82 6.16 3.70 4.88 Retail Prices Cheese, Natural Cheddar Milk, Fresh, Whole Fortified Ice Cream (half gallon) U.S. AGGREGATE MEASURES 136 / Aggregate Measures: FAPRI 2010 Agricultural Outlook U.S. Land Use Projected corn area planted increases in 2010, as expected returns for corn appear favorable compared to other crops. Corn acreage surpasses 90 million acres in 2011 but remains below the 2007 peak. Wheat area falls sharply in 2010 in response to lower wheat prices and weather conditions that inhibited winter wheat seedings. Assuming a return to more normal weather, wheat area increases slightly in 2011 but then resumes its long-term downward trend after 2012. Soybean area dips slightly in 2010 but exceeds the 2009 record by 2016. After three years of declining cotton acreage, higher cotton prices and reduced prospects for competing crops lead to higher upland cotton area in 2010. After a sharp decline in 2009, sorghum area rebounds in 2010 and then resumes its long-term decline. Barley acreage and oat acreage also decline over the baseline, consistent with historical trends. Rice area increased in 2008 and 2009 in response to high prices. Lower prices result in reduced rice area in 2010, with short- and medium-grain rice experiencing the largest declines. The total area planted to 13 major crops increased by 10 million acres between 2006 and 2008 and then declined by 5 million acres in 2009 in response to weaker returns. The 13-crop total area planted declines another million acres in 2010. Correcting for hay, Conservation Reserve area, and double-crop soybean acreage, total area dropped by about 4 million acres in 2009. A further 2-million-acre decline is projected for 2010 as crop returns remain well below the peak and some of the area leaving the Conservation Reserve Program is not expected to return to crop production. The baseline assumes the conservation reserve area drops to 30 million acres by 2012, 2 million acres below the statutory maximum. Many contracts expire over the next several years, so to retain this level of reserve acreage will require new contracts or contract extensions. Aggregate Measures: FAPRI 2010 Agricultural Outlook / 137 U.S. Land Use for Major Crops 09/10 10/11 11/12 12/13 13/14 86.48 77.45 59.13 9.01 6.63 3.57 3.40 3.14 2.03 1.12 0.83 1.18 0.88 89.63 76.58 53.56 10.16 7.37 3.65 3.32 2.96 2.08 1.22 0.97 1.32 0.90 90.30 76.06 54.92 10.03 7.19 3.40 3.36 2.80 2.09 1.34 0.97 1.22 0.91 90.13 76.90 55.00 10.05 7.02 3.42 3.32 2.79 2.09 1.32 0.97 1.20 0.89 (Million Acres) 90.52 90.82 76.83 77.00 54.86 54.48 10.01 10.02 6.95 6.89 3.40 3.36 3.27 3.22 2.80 2.80 2.08 2.07 1.31 1.31 0.97 0.98 1.20 1.20 0.88 0.88 254.85 253.71 254.60 255.08 255.10 59.76 60.06 59.95 59.78 314.60 313.77 314.55 Conservation Reserve 33.78 31.18 13 Crops + Hay + CRP 348.38 Planted Area Corn Soybeans Wheat Upland Cotton Sorghum Barley Oats Rice Sunflowers Peanuts Canola Sugar Beet Sugarcane 13 Crop Planted Area Hay Harvested Area 13 Crops + Hay Double Crop Area Total Corrected for Double Crop 14/15 15/16 16/17 17/18 18/19 19/20 90.91 77.28 54.02 10.02 6.84 3.31 3.18 2.79 2.08 1.30 0.98 1.21 0.88 90.89 77.49 53.86 10.07 6.78 3.24 3.13 2.78 2.09 1.30 1.00 1.20 0.88 90.86 77.77 53.60 10.14 6.75 3.19 3.09 2.78 2.09 1.30 1.02 1.20 0.88 90.95 77.95 53.35 10.19 6.73 3.13 3.04 2.79 2.10 1.29 1.04 1.20 0.87 90.64 78.31 53.11 10.27 6.65 3.08 3.01 2.82 2.10 1.29 1.05 1.20 0.87 255.04 254.78 254.71 254.66 254.64 254.41 59.62 59.45 59.35 59.29 59.25 59.21 59.16 314.86 314.71 314.49 314.13 314.00 313.91 313.85 313.56 30.50 30.00 30.00 30.00 30.00 30.00 30.00 30.00 30.00 344.95 345.05 344.87 344.71 344.49 344.13 344.00 343.92 343.85 343.57 4.83 3.39 4.44 4.48 4.47 4.45 4.43 4.43 4.42 4.41 4.40 343.55 341.55 340.61 340.39 340.24 340.04 339.70 339.57 339.49 339.43 339.16 138 / Aggregate Measures: FAPRI 2010 Agricultural Outlook U.S. Food Prices and Expenditures Food expenditures fell by 2.2% last year, the first annual decline since 1949. The largest reason for the decline is the reduction in farm value for many products. Additionally, other non-food costs (such as labor, transportation, marketing, and packaging) grew at a much slower rate than previous years. A more normal rate of expenditure growth will resume in 2010. The consumer price index for food consumed at home increased by 0.5% in 2009, following a 6.4% increase in 2008. Changes in food commodity prices take longer to affect the food-away-from-home sector. Likewise, the higher proportion of non-food costs associated with dining out limits the effect of farm prices on food-away-fromhome inflation. Food inflation will average 3% from 2010 to 2012. The current economic recession has most affected the prices consumers pay for meat and dairy products. The financial difficulties faced by many producers in 2009 will lead to reduced supplies of meat and dairy products during the next few years, causing prices to increase. Longer term, food price inflation closely tracks expectations for the cost of labor, the largest component of food prices. Aggregate Measures: FAPRI 2010 Agricultural Outlook / 139 U.S. Consumer Price Indexes for Food 2009 2010 2011 2012 2013 Food 218.0 224.0 231.8 238.5 Food at Home Cereal and Bakery Meat Dairy Fruit and Vegetables Other Food At Home Sugar and Sweets Fats and Oils Other Prepared Items Non-alc. Beverages 215.1 252.6 203.8 197.0 272.9 191.2 196.9 201.2 205.5 163.0 221.9 253.1 210.0 212.7 282.5 196.7 204.4 207.3 210.6 168.3 229.7 259.0 220.4 220.9 292.5 201.6 212.9 212.1 215.6 171.8 Food Away From Home 223.3 228.3 236.2 2014 2015 2016 2017 2018 2019 (1982-84=100) 243.9 249.0 254.1 259.1 263.9 268.7 273.5 236.1 264.1 229.4 224.6 301.6 206.0 217.7 217.2 220.1 175.6 241.3 268.9 234.6 227.9 310.3 210.1 222.1 221.4 224.3 179.6 246.2 273.8 238.2 231.5 319.2 214.4 226.7 225.8 228.6 183.6 251.1 278.6 241.6 235.6 328.2 218.3 230.7 230.0 232.7 187.2 255.8 283.2 245.0 239.5 337.0 222.1 234.7 234.2 236.7 190.6 260.4 287.5 248.7 242.9 345.2 225.6 238.5 238.1 240.4 193.6 265.0 291.6 253.1 246.2 353.1 229.0 242.1 241.8 244.1 196.5 269.3 295.4 257.3 249.2 360.7 232.3 245.5 245.3 247.6 199.3 243.3 248.9 254.1 259.4 264.7 269.8 275.0 280.1 U.S. Per Capita Consumer Expenditures for Food 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Food at Home Food Away From Home 1,882 1,647 1,956 1,739 2,030 1,824 2,093 1,891 (Dollars per Person) 2,146 2,200 2,258 1,945 2,001 2,064 2,314 2,123 2,363 2,178 2,411 2,234 2,457 2,292 Total 3,529 3,696 3,854 3,984 4,091 4,322 4,437 4,541 4,646 4,748 1,086.3 1,148.8 1,209.7 1,262.6 (Billion Dollars) 1,309.0 1,357.2 1,409.7 1,461.2 1,509.9 1,559.4 1,608.9 Aggregate Total 2014 4,201 140 / Aggregate Measures: FAPRI 2010 Agricultural Outlook U.S. Government Costs Net CCC outlays were flat in FY 2009, as reduced disaster spending was offset by increased spending on cotton and other commodities. Projected spending drops to around $10 billion in FY 2010 and FY 2011. The first payments under the ACRE program occur in October 2010, which is part of FY 2011. The last tobacco trust fund payments are made in FY 2014. Mandatory government outlays under the crop insurance program, the Supplemental Revenue Assistance Payments (SURE) program, and certain conservation programs are not included in the CCC account. Crop insurance outlays vary with the weather and crop prices. Crop insurance outlays dip in FY 2012 because of mandated changes in when producers pay premiums and when providers are reimbursed for expenses. CRP spending reflects changes in CRP area under contract and increased rental rates when new contracts are signed. For other mandatory conservation programs, projected expenditures are based on preliminary estimates from the Congressional Budget Office. Provisions of the 2008 farm bill lead to increased spending on the Conservation Stewardship Program, the Environmental Quality Incentive Program, and other conservation programs. Projected direct payments far exceed marketing loan benefits, countercyclical payments, and Average Crop Revenue Election (ACRE) program payments. Projected prices in this deterministic baseline are too high to result in marketing loan benefits or countercyclical payments for most crops in most years. The table reports results of deterministic analysis that projects one particular path for each variable. FAPRI-MU also conducts stochastic analysis that looks at a broader range of possible market outcomes. In the stochastic analysis, prices and per acre revenues sometimes drop enough to trigger spending on the marketing loan, countercyclical payment, and ACRE programs. Thus, average government spending in the stochastic analysis exceeds these deterministic estimates. Aggregate Measures: FAPRI 2010 Agricultural Outlook / 141 U.S. Net Government Outlays 2009 2010 2011 2012 Feed Grains Corn Sorghum Barley Oats 2,175 197 84 3 2,028 183 73 3 1,917 183 74 4 1,518 142 65 3 Food Grains Wheat Rice 1,224 411 1,115 494 1,326 403 1,016 318 1,085 417 1,059 416 596 98 23 582 97 17 557 106 27 546 61 25 570 73 19 Other Commodities Upland Cotton Sugar Dairy 2,176 0 994 1,677 0 55 1,218 0 8 956 0 0 CCC Conservation Conservation Reserve Other CCC Conservation 1,916 10 1,887 23 1,878 17 Tobacco Trust Fund 1,130 960 155 367 Oilseeds Soybeans Peanuts Other Oilseeds Other Disaster Payments, NAP Other Net Costs Net CCC Outlays NRCS Conservation Supplemental Revenue (SURE) Crop Insurance Total Mandatory Outlays 2013 2014 2015 2016 2017 2018 2019 (Million U.S. Dollars, Fiscal Year) 1,964 1,959 1,960 186 186 186 74 74 74 3 3 3 1,972 186 74 3 1,946 186 74 3 1,945 186 74 3 1,944 186 74 3 1,056 416 1,060 416 1,068 416 1,063 416 1,074 416 568 74 19 566 74 19 555 74 19 552 74 19 555 74 20 558 74 19 1,265 0 0 1,208 0 0 1,140 0 0 1,018 0 0 908 0 0 809 0 0 732 0 0 2,088 14 2,276 12 2,512 1 2,528 1 2,566 1 2,612 1 2,685 1 2,801 1 960 780 960 960 0 0 0 0 0 100 1,086 100 1,255 100 1,003 100 881 100 806 100 793 100 786 100 785 100 793 100 795 11,561 10,381 10,033 8,634 9,885 9,945 8,917 8,829 8,743 8,723 8,777 1,582 2,971 3,343 3,753 3,736 3,713 3,741 4,073 4,300 4,471 4,603 0 1,147 600 600 600 600 600 600 600 600 600 7,962 5,187 8,449 6,193 8,862 9,042 9,204 9,367 9,452 9,584 9,688 21,105 19,686 22,424 19,180 23,083 23,300 22,462 22,869 23,096 23,378 23,668 Note: "NRCS Conservation" denotes mandatory spending on conservation programs authorized by the 2002 farm bill that is not included in 142 / Aggregate Measures: FAPRI 2010 Agricultural Outlook U.S. Cash Receipts from Farm Marketings Cash receipts from sales of program crops (grains, oilseeds, cotton, and sugar) almost doubled between 2005 and 2008. Prices of most program crops declined in calendar year 2009, resulting in lower cash receipts. Program crop receipts begin to rise again in 2012 because of increasing yields and prices for most crops. Total receipts from sales of non-program crops (hay, fruits, nuts, vegetables, nursery crops, and other specialty crops) have shown less volatility than sales of program crops. Receipts from those crops are expected to rise after a very small dip in 2009. Lower prices resulted in lower cash receipts for every major livestock category in 2009, with dairy experiencing the largest decline. Dairy and livestock receipts increase in 2010 and later years, as the assumed recovery in the U.S. and global economies leads to increased demand for animal products. Aggregate Measures: FAPRI 2010 Agricultural Outlook / 143 U.S. Cash Receipts from Farming 2009 2010 2011 2012 2015 2016 2017 2018 2019 285.01 299.38 309.67 321.13 (Billion U.S. Dollars) 327.63 334.59 342.41 349.82 356.77 364.66 371.70 166.25 168.48 169.01 174.14 178.55 183.41 188.66 193.40 197.63 202.14 205.81 Feed Grains and Hay Corn Sorghum Barley Oats Hay Millet 49.47 40.74 1.40 1.05 0.12 6.10 0.07 53.10 44.96 1.28 0.84 0.11 5.83 0.07 53.34 45.25 1.31 0.79 0.12 5.81 0.07 54.70 46.61 1.29 0.80 0.12 5.83 0.07 56.05 47.88 1.28 0.82 0.12 5.89 0.07 57.69 49.43 1.29 0.82 0.12 5.97 0.07 59.36 50.94 1.30 0.83 0.12 6.11 0.07 60.77 52.17 1.31 0.82 0.11 6.29 0.07 61.84 53.05 1.32 0.81 0.11 6.48 0.07 63.09 54.11 1.33 0.81 0.11 6.66 0.07 63.77 54.64 1.32 0.80 0.11 6.83 0.07 Food Grains Wheat Rice Rye 14.93 11.79 3.12 0.02 11.98 9.40 2.56 0.02 11.56 9.53 2.01 0.02 11.80 9.82 1.96 0.02 12.03 10.03 1.98 0.02 12.09 10.07 1.99 0.02 12.22 10.19 2.01 0.02 12.39 10.36 2.01 0.02 12.48 10.45 2.01 0.02 12.64 10.57 2.04 0.02 12.66 10.55 2.09 0.02 Oilseeds Soybeans Peanuts Other 32.93 30.68 1.11 1.13 31.67 29.85 0.94 0.88 30.17 28.23 1.06 0.88 31.58 29.57 1.11 0.89 32.37 30.34 1.12 0.91 33.21 31.16 1.14 0.92 34.13 32.03 1.16 0.93 34.97 32.83 1.18 0.96 35.84 33.67 1.19 0.98 36.68 34.47 1.21 1.01 37.37 35.12 1.22 1.03 Cotton Sugar Other Crops * 3.81 2.70 62.42 4.91 2.76 64.07 5.33 2.54 66.07 5.40 2.51 68.15 5.50 2.55 70.04 5.63 2.61 72.17 5.80 2.67 74.48 5.97 2.71 76.61 6.15 2.74 78.58 6.32 2.77 80.63 6.50 2.81 82.71 118.75 130.90 140.66 146.99 149.08 151.18 153.75 156.42 159.13 162.52 165.89 Red Meats Cattle, Calves Hogs Sheep, Lambs 57.27 42.52 14.32 0.44 61.43 45.31 15.69 0.44 67.48 49.61 17.43 0.44 71.23 52.46 18.34 0.44 71.33 52.89 18.00 0.44 71.45 53.15 17.86 0.44 71.82 53.53 17.85 0.44 72.43 54.11 17.88 0.44 73.31 54.53 18.34 0.44 74.61 55.12 19.06 0.44 75.90 55.67 19.79 0.44 Dairy Products 24.06 30.88 32.58 33.35 34.09 34.90 35.86 36.72 37.42 38.22 39.07 Poultry, Eggs Broilers Turkeys Chicken Eggs Other Poultry 32.63 21.67 3.62 6.49 0.85 33.50 22.07 3.76 6.89 0.78 35.26 23.25 3.99 7.31 0.71 36.89 24.44 4.20 7.61 0.63 38.05 25.30 4.34 7.85 0.56 39.14 26.16 4.48 8.02 0.48 40.27 27.11 4.60 8.16 0.40 41.36 28.05 4.68 8.30 0.33 42.39 28.98 4.75 8.40 0.25 43.54 30.01 4.85 8.51 0.17 44.64 30.98 4.94 8.63 0.08 4.79 5.08 5.34 5.52 5.61 5.70 5.80 5.91 6.02 6.15 6.28 12.90 11.65 11.49 11.61 11.95 11.98 11.04 11.17 11.28 11.44 11.60 297.90 311.03 321.16 332.74 339.58 346.57 353.45 361.00 368.04 376.10 383.30 Cash Receipts Crops Livestock and Products Other Livestock † Government Payments Cash Receipts + Payments * Includes tobacco, vegetables and melons, fruits and tree nuts, and other crops. † Includes horses, mules, and aquaculture. 2013 2014 144 / Aggregate Measures: FAPRI 2010 Agricultural Outlook U.S. Farm Production Expenses Farm production expenses increased sharply between 2002 and 2008, primarily because of large increases in spending on fertilizer, fuel, and feed. Lower prices for these key inputs resulted in lower farm expenditures in 2009. Fertilizer and fuel expenditures each declined by about $6 billion in 2009. These reductions were partially offset by higher spending on seed, hired labor, and rental payments to non-operator landlords. Overall, farm production expenses declined by about $9 billion in 2009. Rising prices for energy and other inputs result in resumed growth in production expenses in 2010. All major expense categories increase over time, and total production expenses increase from $281 billion in 2009 to $352 billion in 2011. The overall rate of increase in production expenses is roughly equal to the general rate of inflation in the U.S. economy, about 2% per year. This is a sharply lower rate of growth in production expenses than experienced between 2002 and 2008, when expenses increased at an average rate of 7% per year. Production expenses will continue to be sensitive to any changes in energy prices and interest rates, as well as to all the factors that determine agricultural production and commodity prices. Aggregate Measures: FAPRI 2010 Agricultural Outlook / 145 U.S. Farm Production Expenses 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Farm-Origin Inputs Feed Purchased Livestock Seed 77.56 44.27 16.10 17.19 78.21 42.98 17.11 18.12 80.57 43.07 18.82 18.68 83.22 43.93 20.08 19.21 (Billion U.S. Dollars) 84.75 86.38 87.97 44.68 45.62 46.55 20.29 20.44 20.50 19.78 20.32 20.92 89.38 47.35 20.61 21.41 90.42 47.97 20.59 21.85 91.62 48.63 20.68 22.30 92.56 49.08 20.79 22.69 Manufactured Inputs Fertilizer, Lime Petroleum Fuel, Oils Electricity Pesticides 43.74 16.36 10.57 4.68 12.13 44.85 15.63 11.60 4.77 12.85 47.74 16.62 12.77 4.96 13.40 49.24 17.02 13.36 5.08 13.77 50.50 17.37 13.82 5.20 14.11 51.85 17.86 14.30 5.33 14.36 53.88 18.81 14.95 5.51 14.61 55.26 19.28 15.52 5.66 14.80 56.15 19.51 15.86 5.79 14.98 57.03 19.79 16.15 5.91 15.18 57.65 20.10 16.18 6.01 15.36 Interest Charges Short-Term Interest Real Estate Interest 15.29 6.57 8.72 16.32 7.06 9.26 17.57 7.82 9.75 18.91 8.64 10.27 19.75 9.02 10.73 21.26 9.91 11.35 22.17 10.31 11.86 22.78 10.50 12.27 23.28 10.65 12.63 23.76 10.80 12.97 24.22 10.93 13.30 Other Operating Exp. Repair, Operation of Capital Items Contract, Hired Labor Machine Hire Custom Work Marketing, Storage, and Transportation Miscellaneous 92.35 94.48 97.30 99.17 101.55 104.14 107.13 109.88 112.45 115.07 117.47 14.72 30.55 15.06 31.15 15.42 31.82 15.66 32.24 16.03 33.04 16.45 34.03 16.88 35.13 17.29 36.21 17.71 37.31 18.14 38.45 18.56 39.58 3.87 3.99 4.11 4.18 4.28 4.37 4.48 4.59 4.70 4.82 4.95 10.07 33.14 10.51 33.76 11.04 34.92 11.38 35.70 11.65 36.55 11.92 37.37 12.25 38.40 12.54 39.25 12.77 39.96 12.98 40.67 13.11 41.27 Other Overhead Exp. Capital Consumption Property Taxes Rent to Nonoperators 51.78 29.84 11.25 10.69 52.42 30.50 11.68 10.23 53.03 31.02 12.07 9.94 53.68 31.47 12.43 9.78 54.58 31.88 12.76 9.94 55.53 32.34 13.07 10.13 56.31 32.75 13.35 10.22 57.04 33.13 13.62 10.30 57.88 33.52 13.87 10.49 58.85 33.96 14.12 10.77 59.89 34.46 14.38 11.05 Production Expenses 280.71 286.29 296.20 304.22 311.13 319.17 327.47 334.33 340.18 346.33 351.79 Noncash Expenses Labor Perquisites Net Cap Consumption 27.60 0.75 26.85 28.26 0.75 27.51 28.78 0.75 28.03 29.23 0.75 28.48 29.65 0.76 28.89 30.11 0.76 29.35 30.52 0.77 29.76 30.91 0.77 30.14 31.31 0.78 30.53 31.75 0.78 30.97 32.25 0.79 31.47 5.29 5.33 5.43 5.54 5.65 5.75 5.85 5.94 6.03 6.13 6.23 247.82 252.70 261.99 269.45 275.83 283.30 291.09 297.48 302.84 308.44 313.30 Op. Dwelling Expenses Cash Expenses 2014 146 / Aggregate Measures: FAPRI 2010 Agricultural Outlook U.S. Prices Paid by Farmers Strong demand caused by high crop prices and production, high energy prices, and a variety of other factors contributed to the sharp increase in fertilizer prices in 2008. Fuel and fertilizer prices retreated in 2009 in part as a result of lower farm commodity prices and the sharp drop in energy prices. Projected fuel prices increase with oil prices after 2009. Fertilizer prices drop slightly in 2010 but then generally increase with energy prices. Prices paid for all farm production items dipped in 2009, but they increase at an average pace of about 2% per year between 2010 and 2019. Fuel prices remain a major source of uncertainty in the baseline. Changes in petroleum and natural gas prices directly affect fuel and energy costs to producers and have at least secondary effects on many other cost categories. Aggregate Measures: FAPRI 2010 Agricultural Outlook / 147 U.S. Indices of Prices Paid by Farmers Production, Interest, Taxes and Wages Production Items Feed Livestock & Poultry Seeds Fertilizer Mixed Fertilizer Nitrogen Fertilizer Potash and Phosph. Agricultural Chemicals Herbicides Insecticides Fungicides/Other Fuels Supplies & Repairs Farm Supplies Repairs Autos & Trucks Farm Machinery Building Materials Farm Services Rent Interest * Taxes † Wage Rates 2009 2010 2011 2012 177 179 187 115 299 289 280 274 363 146 140 154 161 228 157 153 159 110 223 163 148 160 154 234 187 175 177 176 123 287 241 232 233 284 159 154 163 174 219 161 158 162 125 214 166 155 167 146 220 186 188 190 176 130 356 251 251 229 307 172 165 175 190 238 170 167 172 128 245 178 162 187 167 250 212 191 192 179 134 370 261 263 235 327 171 163 172 199 248 167 163 170 124 249 179 165 172 191 270 210 2013 2014 (1990-92=100) 191 196 191 197 182 187 135 136 350 351 232 258 236 254 204 245 291 308 180 178 172 171 180 178 208 201 241 319 174 173 170 167 176 176 128 128 244 250 186 184 169 167 167 169 206 220 267 256 207 204 2015 2016 2017 2018 2019 210 213 190 136 454 294 270 313 314 196 187 189 232 286 191 185 194 131 278 194 178 198 230 282 227 202 202 191 137 384 264 252 266 290 173 164 173 208 306 182 174 186 117 249 190 176 183 239 265 202 200 200 190 138 353 264 269 242 311 178 174 167 206 304 175 168 179 124 240 191 176 180 246 251 186 207 208 190 139 345 327 268 399 303 174 167 174 201 313 181 168 187 117 267 190 183 186 220 258 213 216 215 190 140 371 316 286 347 319 190 179 198 218 293 187 170 195 127 295 197 195 202 232 284 245 * Interest per acre on farm real estate debt and interest rate on farm non-real estate debt. † Farm real estate taxes payable per acre. U.S. Indices of Prices Paid by Farmers (percent change) Production, Interest, Taxes and Wages Production Items Feed Livestock & Poultry Seeds Fertilizer Mixed Fertilizer Nitrogen Fertilizer Potash and Phosph. Agricultural Chemicals Herbicides Insecticides Fungicides/Other Fuels Supplies & Repairs Farm Supplies Repairs Autos & Trucks Farm Machinery Building Materials Farm Services Rent Interest * Taxes † Wage Rates 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 -2.7 -4.7 -3.8 -7.4 15.5 -26.3 -26.0 -26.6 -26.3 5.2 7.6 -1.3 7.5 -33.8 1.8 2.7 1.7 1.5 6.6 -1.2 1.4 3.9 9.2 10.4 2.2 -1.2 -1.5 -5.4 7.2 -4.0 -16.5 -16.9 -14.8 -21.7 8.8 9.9 5.7 7.9 -3.8 2.4 3.4 1.9 13.9 -3.9 1.9 4.7 4.5 -5.5 -6.1 -0.6 7.3 7.6 -0.4 5.2 23.8 4.0 8.1 -1.7 8.0 7.9 7.3 7.8 9.2 8.6 5.9 5.6 6.1 2.6 14.4 7.1 4.5 12.1 14.8 13.8 13.8 1.7 1.0 1.9 3.4 3.9 4.1 4.8 2.4 6.5 -0.5 -1.5 -1.7 5.0 4.3 -1.6 -2.5 -1.2 -3.5 1.7 0.6 1.7 -8.4 14.0 8.0 -0.8 (Percentage Change) 0.1 2.5 7.2 -0.6 3.2 8.4 1.5 2.6 1.6 1.0 0.6 0.2 -5.3 0.2 29.4 -11.2 11.6 13.7 -10.3 7.6 6.3 -13.3 20.2 27.7 -10.9 5.7 2.0 5.4 -1.2 10.0 6.0 -0.6 9.4 4.2 -0.9 6.5 4.3 -3.4 15.5 -3.1 32.8 -10.4 3.9 -0.5 10.2 4.3 -1.7 10.6 3.6 0.1 10.0 3.3 0.0 2.5 -2.0 2.5 11.2 3.9 -1.1 5.5 2.8 -1.3 6.3 -2.6 1.1 17.4 7.8 7.3 4.5 -1.1 -4.3 10.5 -1.6 -1.0 10.8 -3.8 -5.1 0.6 0.3 -15.3 -10.3 -6.7 -15.1 -7.7 -11.7 -12.7 -8.6 -10.3 6.8 -4.5 -6.0 -3.9 -10.7 -10.5 -2.0 -1.0 -7.6 3.9 -6.3 -11.0 -1.0 -1.2 -0.2 0.8 -8.2 0.3 6.7 -8.7 7.4 2.8 6.3 -3.4 -1.2 -0.6 -3.7 -3.3 -4.0 6.3 -3.4 0.8 0.3 -1.7 2.9 -5.2 -7.7 3.5 3.9 -0.1 0.9 -2.1 23.7 -0.1 64.5 -2.8 -2.0 -3.9 3.8 -2.1 3.0 3.2 0.3 4.6 -5.9 10.9 -0.9 3.9 3.2 -10.7 2.8 14.6 4.4 3.5 -0.2 0.9 7.4 -3.5 6.5 -12.9 5.3 8.9 6.8 13.9 8.4 -6.5 3.3 0.9 4.4 8.9 10.6 3.6 6.4 8.8 5.4 10.3 14.9 * Interest per acre on farm real estate debt and interest rate on farm non-real estate debt. † Farm real estate taxes payable per acre. 2014 148 / Aggregate Measures: FAPRI 2010 Agricultural Outlook U.S. Net Farm Income Net farm income fell by more than $30 billion in 2009, as the large decline in cash receipts far outweighed a modest reduction in production expenses. Projected net farm income increases in 2010 and 2011, largely because of a stronger livestock sector outlook. Uncertainty around these projections is great. U.S. and global economic growth, energy prices, the weather, and other factors could result in a very different picture. Gross cash income (sales receipts and government payments) fell sharply in 2009 but begins to recover in 2010 because of higher livestock receipts. Cash expenses also begin to increase again in 2010. Net cash income, the difference between gross cash income and cash expenses, begins to increase again in 2010 but remains well below the 2008 peak level. Both crop and livestock sales receipts declined in 2009. Livestock receipts resume their increase in 2010, while crop receipts are fairly constant for 2009 to 2011. Government payments in the projection are a modest share of gross farm income. Adjusting for inflation, real net farm income is relatively flat after 2012 and remains far below the 2008 level. Aggregate Measures: FAPRI 2010 Agricultural Outlook / 149 U.S. Farm Income Statistics 2009 2010 2011 2012 2015 2016 2017 2018 2019 305.70 166.25 118.75 20.69 321.64 168.48 130.90 22.26 333.17 169.01 140.66 23.50 345.09 174.14 146.99 23.96 (Billion U.S. Dollars) 352.06 359.47 367.78 178.55 183.41 188.66 149.08 151.18 153.75 24.43 24.88 25.36 375.55 193.40 156.42 25.73 382.87 197.63 159.13 26.11 391.15 202.14 162.52 26.49 398.49 205.81 165.89 26.79 12.90 11.65 11.49 11.61 11.95 11.98 11.04 11.17 11.28 11.44 11.60 318.60 333.29 344.66 356.70 364.01 371.45 378.81 386.73 394.15 402.59 410.09 4. Nonmoney Income 20.32 20.46 21.00 21.64 22.19 22.74 23.18 23.57 23.96 24.40 24.89 5. Value of Inventory Change -1.84 -1.61 -0.02 0.35 0.80 1.04 0.99 0.99 0.87 0.80 0.66 6. Gross Farm Income (3 + 4 + 5) 337.08 352.13 365.63 378.68 386.99 395.23 402.99 411.28 418.98 427.79 435.64 7. Cash Expenses † 247.82 252.70 261.99 269.45 275.83 283.30 291.09 297.48 302.84 308.44 313.30 8. Total Expenses 280.71 286.29 296.20 304.22 311.13 319.17 327.47 334.33 340.18 346.33 351.79 9. Net Cash Income (3 - 7) 70.77 80.59 82.66 87.25 88.17 88.15 87.72 89.24 91.31 94.15 96.79 10. Realized Net Farm Income (3 + 4 - 8) 58.21 67.46 69.46 74.11 75.07 75.02 74.53 75.96 77.93 80.67 83.19 11. Net Farm Income (6 - 8) Deflated (2009 $) ‡ 56.37 65.84 69.43 74.46 75.86 76.06 75.52 76.95 78.80 81.47 83.85 56.37 65.16 67.61 71.46 71.48 70.40 68.61 68.67 69.03 70.05 70.84 1. Farm Receipts Crops Livestock Farm-Related * 2. Government Payments 3. Gross Cash Income (1 + 2) 2013 2014 * Income from machine hire, custom work, sales of forest products, and other miscellaneous cash sources. † Excludes capital consumption, perquisites to hired labor, and farm household expenses. ‡ Deflated by the GNP price deflator, 1997=1. 150 / Aggregate Measures: FAPRI 2010 Agricultural Outlook U.S. Crop Insurance For the first time since 2006, crop insurance acreage failed to expand. The number of net acres insured in 2009 fell to 264.58 million acres. Although more crops and areas are being covered by crop insurance, the drop in acreage reflects a decline in participation in coverage for pasture and rangeland. However, this acreage reduction is expected to be a short-lived occurrence as covered area is projected to increase over the next few years. Total premiums declined to $8.94 billion in 2009, as several insurance prices fell from their lofty 2008 levels. Projected prices over the next decade suggest that crop insurance premiums and liabilities will remain higher than historical averages. The continuation of relatively higher crop prices over the projection period will likely keep total premium levels in the $9 billion to $10 billion range. Premium subsidies fell to $5.42 billion in 2009. As with premiums, the lower crop prices coincide with lower premium subsidy levels. But there were also significant changes in subsidy rates for 2009 based on insurance unit structure. Producers shifted their coverage to maintain premium subsidies, resulting in premium subsidies falling less dramatically than premiums. Over the projection period, premium subsidies are expected to increase to over $6 billion. Despite the planting and harvesting issues producers faced in 2009, the 2009 crop year marked the seventh year in a row in which premiums exceeded indemnities. Over the projection period, total indemnities follow a pattern similar to that of total premiums. Loss ratios of one indicate that “actuarially fair” premiums are being charged for the insurance products. These projections show that, overall, federal crop insurance will meet the loss ratio targets set by Congress. Total obligations represent the federal government’s financial responsibility to crop insurance. They are the costs for crop insurance before considering any crop insurance revenues. Total obligations are equal to the sum of indemnities, delivery expenses, administrative and operating expenses, agent commissions, and other expenses. Total obligations for FY 2011 and beyond are projected to reach between $12 billion and $13 billion. Net outlays take underwriting costs and crop insurance revenues into account. Net outlays are estimated to average nearly $9 billion from FY 2011 to FY 2019. Outlays are expected to rise until 2012 when the crop insurance premium timing is shifted forward, as required by the 2008 farm bill. Budget authority is the amount the law allows the federal government to spend on a program. For crop insurance, it represents net outlays on a crop-year basis. Budget authority for FY 2011 is projected at $8 billion. Budget authority projections follow a pattern similar to that of net outlays. Aggregate Measures: FAPRI 2010 Agricultural Outlook / 151 t U.S. Crop Insurance 2009 2010 2011 2012 676.20 264.58 674.62 270.45 675.45 272.72 676.02 274.01 39.13 40.09 40.38 40.53 Total Premiums Producer-Paid Premiums Premium Subsidies Total Indemnities 8.94 3.52 5.42 5.81 8.99 3.53 5.46 8.99 9.32 3.63 5.69 9.32 9.50 3.70 5.81 9.50 Loss Ratio 0.65 1.00 1.00 1.00 12.11 7.96 6.84 8.46 5.19 6.15 11.82 8.45 8.35 12.27 6.19 5.05 Eligible Acres Net Acres Insured Crop Insurance Participation Rate Total Obligations Net Outlays Budget Authority 2013 2015 2016 2017 2018 2019 (Million Acres) 676.03 675.98 675.71 274.47 274.74 274.74 675.63 274.86 675.56 274.97 675.52 275.10 675.27 275.04 40.66 40.68 40.70 40.72 40.73 (Billion U.S. Dollars, Crop Year) 9.70 9.88 10.05 3.77 3.84 3.91 5.93 6.03 6.14 9.70 9.88 10.05 10.14 3.95 6.20 10.14 10.29 4.00 6.28 10.29 10.40 4.05 6.35 10.40 10.41 4.05 6.36 10.41 1.00 1.00 1.00 1.00 1.00 (Billion U.S. Dollars, Fiscal Year) 12.51 12.77 13.00 8.86 9.04 9.20 8.78 8.97 9.13 13.23 9.37 9.33 13.35 9.45 9.40 13.54 9.58 9.54 13.68 9.69 9.68 40.60 1.00 2014 (Percent) 40.64 1.00 WORLD WHEAT 154 / World Wheat: FAPRI 2010 Agricultural Outlook World Wheat The world wheat price decreases to $216.08 per mt in 2009/10 because of larger crop production in key importing countries, which lowers import demand. It is projected to decrease again in 2010/11. With an average annual growth rate of 0.34% over the next 10 years, the wheat price reaches $222.72 per mt in 2019/20. The stocks-touse ratio increased to 30.4% in 2009/10. It is projected to fall to 28.9% in 2010/11 and to decline throughout the projection period as consumption increases. It reaches 26.4% by 2019/20. World wheat area increased by 0.75 mha in 2009/10. It decreases in 2010/11 and 2011/12 and increases slightly through the remainder of the projection period. In 2009/10, world wheat production declined despite an area increase because of a decline in yields. Production increases starting in 2010/11 and reaches 718.8 mmt in 2019/20. Yield growth is the major factor in increasing wheat production over the next 10 years. Consumption grows 1.07% annually on average, reaching 717.9 mmt in 2019/20. World wheat net trade decreases in 2009/10 to 97.9 mmt because of larger crops in key wheat importing countries. It increases to 103.1 mmt in 2010/11. Net trade grows 1.63% annually on average, reaching 115 mmt in 2019/20. Record yields and more planted area increased EU wheat production and net exports in 2008/09. Production declined in 2009/10 with decreases in area and yields. Food and industrial use reaches 81 mmt by 2019/20, while feed use reaches 62.8 mmt. Net exports decline to 11.3 mmt in 2010/11 and reach 12.6 mmt in 2019/20. An increase in area allows Argentine wheat production and net exports to rise in 2010/11. In Argentina, production growth comes from yield growth and a modest area increase over the next 10 years. Production reaches 15.2 mmt in 2019/20. Aided by the production growth and a meager consumption increase, Argentine net exports reach 9.5 mmt in 2019/20. A decline in wheat area drops Canadian production to 24.7 mmt and reduces net exports to 16.0 mmt in 2010/11. Net exports reach 16.1 mmt by 2019/20. Consumption reaches 9.0 mmt in 2019/20, driven by growth in feed use and demand by the ethanol sector. An increase in yields pushes Australian production up to 24.1 mmt in 2010/11 and to 26.6 mmt in 2019/20. Production grows more than consumption, and net exports reach 18.4 mmt in 2019/20. Net imports of Asian countries decline by 2.3 mmt over the next 10 years as production increases. China remains a net exporter of wheat, with net exports reaching 2.98 mmt in 2019/20. Japan’s net imports reach 5 mmt in 2019/20. India and Pakistan become small net exporters of wheat in 2010/11 and are projected to remain small net exporters over the next 10 years. Wheat production in Brazil decreased in 2009/10 to 5.0 mmt because of a decline in yields. It is projected to increase to 5.2 mmt in 2010/11 and to increase moderately throughout the projection period. Consumption grows 1.2% annually on average, reaching 12.1 mmt in 2019/20 because of population growth. Brazil’s wheat net imports reach 6.2 mmt in 2019/20. Mexican wheat net imports decrease slightly in 2009/10 since production increases more than consumption. Net imports reach 3.7 mmt in 2019/20. Rising per capita consumption, combined with population growth, is the main source of the demand increase. Population growth drives the increase in consumption and net imports in African and Middle Eastern countries, as their per capita consumption is projected to decline over the next 10 years. Their wheat net imports reach 59.8 mmt in 2019/20. Egypt’s net imports reach 11.65 mmt in 2019/20 with an increase in food use. Algerian net imports reach 6.95 mmt in 2019/20. World Wheat: FAPRI 2010 Agricultural Outlook / 155 Wheat Trade Net Exporters Argentina Australia Canada European Union Other CIS * Russia Ukraine United States Total Net Exports † Net Importers Algeria Brazil China Egypt India Iran Japan Mexico Morocco Other Africa/Middle East Other Asia Other Eastern Europe ‡ Other Latin America Pakistan South Korea Taiwan Tunisia Rest of World Residual Total Net Imports Wheat Prices U.S. FOB Gulf Canadian Wheat Board AWB Limited Export Quote European Union Market 09/10 10/11 11/12 12/13 2,495 14,925 18,100 12,500 7,623 16,281 15,958 11,288 8,013 16,750 15,607 11,785 3,325 17,800 8,900 19,483 2,929 15,083 8,404 22,668 97,928 13/14 14/15 15/16 16/17 17/18 18/19 19/20 8,368 16,816 15,637 12,477 (Thousand Metric Tons) 8,651 8,813 8,828 17,382 17,549 17,671 15,944 16,084 16,030 12,497 12,618 12,805 8,866 17,743 16,020 12,602 9,026 17,952 16,069 12,807 9,218 18,157 16,103 12,874 9,539 18,384 16,087 12,554 2,104 14,979 8,715 23,622 2,272 15,168 9,459 22,273 2,361 15,636 9,666 22,205 2,554 16,438 9,901 21,611 2,723 16,805 10,367 21,554 2,926 17,281 10,595 21,591 3,057 17,582 10,835 21,387 3,082 17,986 11,009 21,445 3,337 18,563 11,260 20,964 103,085 104,387 105,656 107,308 108,979 110,386 111,167 112,725 113,790 115,001 5,275 4,700 -400 8,790 50 4,450 4,875 1,900 1,700 28,133 18,025 700 8,263 0 3,600 1,075 1,400 1,525 3,467 6,504 5,728 -2,167 9,714 -385 1,913 5,364 2,605 4,082 27,716 17,678 789 8,596 -298 3,920 1,136 1,752 2,121 3,467 6,201 5,773 -2,184 9,833 -347 2,062 5,342 3,100 4,190 28,123 17,741 823 8,644 -280 4,007 1,132 1,777 2,171 3,467 6,271 5,802 -2,486 10,121 -189 2,172 5,228 3,013 4,293 28,653 17,862 814 8,741 -510 4,079 1,147 1,824 2,167 3,467 6,344 5,834 -2,137 10,338 -210 2,214 5,184 3,125 4,369 29,529 18,000 804 8,807 -619 4,126 1,155 1,836 2,176 3,467 6,465 5,922 -2,372 10,584 -431 2,236 5,162 3,122 4,487 30,049 18,276 815 8,949 -609 4,172 1,170 1,887 2,217 3,467 6,556 5,944 -2,402 10,800 -586 2,188 5,130 3,233 4,641 30,692 18,337 821 9,044 -615 4,184 1,176 1,917 2,255 3,467 6,633 5,941 -2,335 11,006 -562 2,148 5,101 3,324 4,685 30,970 18,355 819 9,122 -648 4,184 1,186 1,946 2,278 3,467 6,746 6,019 -2,655 11,224 -696 2,175 5,080 3,434 4,824 31,668 18,372 819 9,224 -657 4,179 1,195 1,986 2,313 3,467 6,862 6,079 -2,707 11,422 -618 2,145 5,067 3,554 4,903 31,829 18,614 820 9,310 -591 4,156 1,202 2,014 2,347 3,467 6,952 6,192 -2,988 11,648 -667 2,161 5,048 3,686 4,992 31,979 18,857 827 9,400 -658 4,140 1,215 2,052 2,385 3,467 97,928 103,085 104,387 105,656 107,308 108,979 110,386 111,167 112,725 113,790 115,001 216.08 199.88 199.36 156.73 201.17 188.81 185.56 190.95 208.16 194.56 191.18 194.06 211.50 197.67 194.17 188.59 (U.S. Dollars per Metric Ton) 215.63 215.43 219.21 201.02 200.47 203.09 197.75 197.67 200.88 192.54 187.56 186.31 221.51 205.09 202.92 194.91 222.26 205.94 203.61 191.52 224.81 208.07 205.79 190.34 222.72 206.37 204.06 201.02 * Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Uzbekistan. † Total net exports are the sum of all positive net exports and negative net imports. ‡ Countries included: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Serbia, Montenegro. 156 / World Wheat: FAPRI 2010 Agricultural Outlook World Wheat Sup pply and Utilization 09/10 10/11 11/12 12/13 225,710 220,901 220,105 3.00 2.97 Production Beginning Stocks Domestic Supply 676,353 165,140 841,493 Feed Use Food and Other Ending Stocks Domestic Use Area Harvested Yield Trade * Stocks-to-Use Ratio 13/14 14/15 15/16 16/17 17/18 18/19 19/20 221,086 (Thousand Hectares) 221,591 222,165 222,349 222,680 223,291 223,800 224,393 3.02 3.05 (Metric Tons per Hectare) 3.07 3.09 3.11 3.14 3.16 3.18 3.20 656,870 196,006 852,876 663,998 191,092 855,090 673,565 188,617 862,182 (Thousand Metric Tons) 679,762 686,982 692,245 188,884 189,373 189,366 868,646 876,355 881,611 698,240 188,666 886,906 705,518 188,576 894,094 710,826 188,897 899,723 718,778 188,409 907,187 110,755 534,733 196,006 841,493 114,431 547,353 191,092 852,876 114,698 551,775 188,617 855,090 115,415 557,883 188,884 862,182 116,042 563,231 189,373 868,646 117,952 569,036 189,366 876,355 118,836 574,109 188,666 881,611 119,646 578,684 188,576 886,906 120,686 584,511 188,897 894,094 121,748 589,566 188,409 899,723 123,227 594,684 189,276 907,187 97,928 103,085 104,387 105,656 107,308 108,979 110,386 111,167 112,725 113,790 115,001 30.37 28.88 28.30 28.05 27.88 (Percent) 27.56 27.23 27.00 26.79 26.49 26.36 13/14 14/15 15/16 16/17 17/18 18/19 19/20 * Excludes intraregional trade. U.S. Wheat Supp ply and Utilization 09/10 10/11 11/12 12/13 20,181 18,435 18,885 18,916 (Thousand Hectares) 18,869 18,731 18,562 18,506 18,419 18,331 18,249 2.99 2.90 2.96 2.98 (Metric Tons per Hectare) 3.00 3.02 3.05 3.07 3.10 3.12 3.14 Production Beginning Stocks Domestic Supply 60,314 17,867 78,181 53,552 26,201 79,749 55,885 22,573 78,458 56,369 20,359 76,729 (Thousand Metric Tons) 56,661 56,638 56,565 19,837 19,632 19,621 76,497 76,271 76,186 56,865 19,446 76,311 57,064 19,385 76,449 57,201 19,403 76,604 57,297 19,350 76,647 Feed Use Food and Other Ending Stocks Domestic Use 4,831 27,671 26,201 58,699 6,170 28,341 22,573 57,084 5,902 28,574 20,359 54,835 5,775 28,844 19,837 54,455 5,575 29,084 19,632 54,292 5,684 29,354 19,621 54,659 5,586 29,601 19,446 54,632 5,475 29,860 19,385 54,720 5,524 30,136 19,403 55,062 5,404 30,404 19,350 55,159 5,481 30,723 19,479 55,683 19,483 22,668 23,622 22,273 22,205 21,611 21,554 21,591 21,387 21,445 20,964 Area Harvested Yield Net Trade World Wheat: FAPRI 2010 Agricultural Outlook / 157 Algerian Wheat Supply S and Utilization Area Harvested Yield Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 2,100 1,802 1,784 1,787 (Thousand Hectares) 1,785 1,779 1,770 1,766 1,766 1,761 1,757 1.67 1.47 1.48 1.50 (Metric Tons per Hectare) 1.52 1.53 1.54 1.55 1.55 1.54 1.56 3,500 2,054 5,554 2,641 2,079 4,720 2,642 2,502 5,144 2,679 2,515 5,194 (Thousand Metric Tons) 2,707 2,723 2,725 2,551 2,578 2,609 5,258 5,301 5,334 2,736 2,621 5,357 2,740 2,627 5,367 2,712 2,638 5,350 2,745 2,644 5,389 50 8,700 2,079 10,829 50 8,673 2,502 11,224 50 8,781 2,515 11,345 50 8,864 2,551 11,465 50 8,973 2,578 11,601 50 9,107 2,609 11,766 50 9,220 2,621 11,891 50 9,313 2,627 11,990 50 9,425 2,638 12,113 50 9,518 2,644 12,212 50 9,631 2,660 12,341 -5,275 -6,504 -6,201 -6,271 -6,344 -6,465 -6,556 -6,633 -6,746 -6,862 -6,952 14/15 Argentine Wheatt Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 2,850 4,637 4,745 4,829 (Thousand Hectares) 4,893 4,923 4,893 4,873 4,881 4,874 4,900 2.81 2.82 2.84 2.86 (Metric Tons per Hectare) 2.89 2.91 2.94 2.96 2.99 3.04 3.10 Production Beginning Stocks Domestic Supply 8,000 426 8,426 13,098 951 14,049 13,482 1,031 14,513 13,835 1,032 14,866 (Thousand Metric Tons) 14,126 14,333 14,368 1,034 1,036 1,042 15,160 15,369 15,410 14,419 1,043 15,462 14,614 1,046 15,660 14,819 1,049 15,868 15,208 1,048 16,256 Feed Use Food and Other Ending Stocks Domestic Use 80 4,900 951 5,931 81 5,314 1,031 6,426 82 5,386 1,032 6,500 83 5,381 1,034 6,498 83 5,390 1,036 6,509 83 5,431 1,042 6,556 84 5,455 1,043 6,582 85 5,465 1,046 6,596 86 5,498 1,049 6,633 88 5,514 1,048 6,650 90 5,574 1,053 6,717 2,495 7,623 8,013 8,368 8,651 8,813 8,828 8,866 9,026 9,218 9,539 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Area Harvested Yield Net Trade Australian Wheat at Supply and Utilization 09/10 10/11 11/12 12/13 13,800 13,611 13,634 13,581 (Thousand Hectares) 13,785 13,843 13,843 13,841 13,863 13,884 13,910 1.63 1.77 1.78 1.80 (Metric Tons per Hectare) 1.81 1.83 1.84 1.86 1.88 1.89 1.91 Production Beginning Stocks Domestic Supply 22,500 3,144 25,644 24,056 3,619 27,675 24,292 4,102 28,395 24,392 4,225 28,617 (Thousand Metric Tons) 25,016 25,315 25,536 4,305 4,349 4,402 29,321 29,665 29,938 25,712 4,438 30,150 26,028 4,475 30,503 26,304 4,518 30,822 26,633 4,549 31,183 Feed Use Food and Other Ending Stocks Domestic Use 4,000 3,100 3,619 10,719 4,127 3,165 4,102 11,394 4,234 3,187 4,225 11,645 4,290 3,205 4,305 11,801 4,373 3,217 4,349 11,939 4,475 3,238 4,402 12,115 4,575 3,255 4,438 12,267 4,663 3,268 4,475 12,407 4,743 3,290 4,518 12,551 4,807 3,309 4,549 12,665 4,863 3,339 4,597 12,799 14,925 16,281 16,750 16,816 17,382 17,549 17,671 17,743 17,952 18,157 18,384 Area Harvested Yield Net Trade 158 / World Wheat: FAPRI 2010 Agricultural Outlook Brazilian Wheat Supply S and Utilization Area Harvested Yield Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 2,428 2,434 2,438 2,439 (Thousand Hectares) 2,438 2,437 2,435 2,433 2,431 2,430 2,428 2.07 2.12 2.15 2.19 (Metric Tons per Hectare) 2.22 2.26 2.29 2.34 2.37 2.39 2.42 5,026 2,423 7,449 5,156 1,482 6,638 5,248 1,348 6,596 5,344 1,302 6,646 (Thousand Metric Tons) 5,421 5,498 5,580 1,282 1,269 1,266 6,703 6,767 6,846 5,691 1,258 6,949 5,758 1,252 7,011 5,810 1,251 7,062 5,875 1,248 7,123 644 10,023 1,482 12,149 667 10,351 1,348 12,366 680 10,387 1,302 12,369 692 10,473 1,282 12,448 706 10,562 1,269 12,536 721 10,701 1,266 12,688 733 10,798 1,258 12,790 747 10,891 1,252 12,891 760 11,018 1,251 13,030 776 11,116 1,248 13,141 795 11,265 1,255 13,315 -4,700 -5,728 -5,773 -5,802 -5,834 -5,922 -5,944 -5,941 -6,019 -6,079 -6,192 14/15 Canadian Wheatt Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 9,500 8,884 8,580 8,531 (Thousand Hectares) 8,596 8,619 8,553 8,543 8,568 8,567 8,576 2.79 2.78 2.79 2.82 (Metric Tons per Hectare) 2.83 2.85 2.87 2.89 2.90 2.92 2.94 Production Beginning Stocks Domestic Supply 26,500 6,556 33,056 24,664 7,656 32,320 23,961 8,290 32,252 24,024 8,404 32,428 (Thousand Metric Tons) 24,355 24,591 24,542 8,492 8,512 8,523 32,846 33,103 33,065 24,659 8,456 33,115 24,868 8,463 33,331 25,012 8,535 33,547 25,219 8,574 33,794 Feed Use Food and Other Ending Stocks Domestic Use 2,400 4,900 7,656 14,956 3,056 5,015 8,290 16,362 3,117 5,124 8,404 16,645 3,139 5,160 8,492 16,792 3,163 5,228 8,512 16,903 3,185 5,311 8,523 17,020 3,190 5,389 8,456 17,035 3,165 5,467 8,463 17,095 3,151 5,576 8,535 17,262 3,195 5,676 8,574 17,445 3,238 5,804 8,665 17,707 18,100 15,958 15,607 15,637 15,944 16,084 16,030 16,020 16,069 16,103 16,087 Area Harvested Yield Net Trade World Wheat: FAPRI 2010 Agricultural Outlook / 159 Chinese Wheat Supply S and Utilization 09/10 10/11 11/12 12/13 24,000 22,941 22,608 4.77 4.69 Production Beginning Stocks Domestic Supply 114,500 48,685 163,185 Feed Use Food and Other Ending Stocks Domestic Use Area Harvested Yield Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 22,641 (Thousand Hectares) 22,635 22,551 22,466 22,434 22,494 22,438 22,450 4.70 4.72 (Metric Tons per Hectare) 4.73 4.75 4.76 4.79 4.80 4.81 4.83 107,537 60,785 168,322 106,302 60,701 167,003 106,871 60,018 166,889 (Thousand Metric Tons) 107,106 107,086 107,005 60,019 60,006 59,580 167,125 167,092 166,585 107,384 58,862 166,246 107,917 58,819 166,737 107,846 58,750 166,596 108,405 58,393 166,798 5,000 97,000 60,785 162,785 6,898 98,556 60,701 166,155 7,099 97,701 60,018 164,819 7,339 97,045 60,019 164,403 7,532 97,450 60,006 164,989 7,753 97,386 59,580 164,720 7,963 97,357 58,862 164,183 8,162 96,930 58,819 163,911 8,373 96,959 58,750 164,081 8,565 96,931 58,393 163,889 8,761 96,730 58,319 163,810 400 2,167 2,184 2,486 2,137 2,372 2,402 2,335 2,655 2,707 2,988 14/15 Egyptian Wheat Supply S and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,220 1,206 1,205 1,209 (Thousand Hectares) 1,211 1,213 1,213 1,215 1,217 1,220 1,221 6.48 6.57 6.67 6.77 (Metric Tons per Hectare) 6.87 6.97 7.06 7.16 7.26 7.36 7.46 Production Beginning Stocks Domestic Supply 7,900 5,343 13,243 7,929 4,983 12,912 8,040 5,067 13,107 8,182 5,087 13,269 (Thousand Metric Tons) 8,316 8,450 8,570 5,096 5,103 5,117 13,412 13,553 13,687 8,700 5,121 13,821 8,838 5,123 13,962 8,973 5,129 14,102 9,106 5,132 14,238 Feed Use Food and Other Ending Stocks Domestic Use 50 17,000 4,983 22,033 66 17,493 5,067 22,626 70 17,782 5,087 22,940 74 18,220 5,096 23,390 78 18,570 5,103 23,751 80 18,939 5,117 24,137 81 19,286 5,121 24,488 81 19,623 5,123 24,828 82 19,974 5,129 25,185 83 20,309 5,132 25,524 84 20,658 5,143 25,886 -8,790 -9,714 -9,833 -10,121 -10,338 -10,584 -10,800 -11,006 -11,224 -11,422 -11,648 14/15 15/16 16/17 17/18 18/19 19/20 Area Harvested Yield Net Trade European Union Wheat Supply and Utilization 09/10 10/11 11/12 12/13 25,444 25,705 26,265 26,640 (Thousand Hectares) 26,675 26,864 26,934 26,884 26,964 26,929 26,953 5.44 5.43 5.48 5.53 (Metric Tons per Hectare) 5.57 5.60 5.65 5.69 5.73 5.77 5.82 Production Beginning Stocks Domestic Supply 138,339 18,337 156,676 139,699 17,176 156,875 143,987 16,238 160,225 147,200 16,547 163,747 (Thousand Metric Tons) 148,452 150,561 152,063 16,796 16,820 16,937 165,248 167,380 169,000 152,948 17,093 170,040 154,431 17,061 171,492 155,327 17,261 172,588 156,754 17,340 174,094 Feed Use Food and Other Ending Stocks Domestic Use 59,000 68,000 17,176 144,176 58,156 71,193 16,238 145,587 58,471 73,422 16,547 148,440 58,831 75,643 16,796 151,270 59,283 76,648 16,820 152,751 60,397 77,428 16,937 154,762 60,743 78,359 17,093 156,195 61,071 79,307 17,061 157,439 61,431 79,993 17,261 158,685 61,980 80,393 17,340 159,714 62,808 80,977 17,755 161,540 12,500 11,288 11,785 12,477 12,497 12,618 12,805 12,602 12,807 12,874 12,554 Area Harvested Yield Net Trade 13/14 160 / World Wheat: FAPRI 2010 Agricultural Outlook Indian Wheat Sup pply and Utilization 09/10 10/11 11/12 12/13 27,800 27,502 27,800 2.90 2.77 Production Beginning Stocks Domestic Supply 80,580 13,510 94,090 Feed Use Food and Other Ending Stocks Domestic Use Area Harvested Yield Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 27,994 (Thousand Hectares) 28,132 28,144 28,346 28,441 28,541 28,713 28,861 2.85 2.88 (Metric Tons per Hectare) 2.91 2.94 2.96 2.98 3.03 3.06 3.10 76,042 18,020 94,062 79,092 14,115 93,208 80,710 13,363 94,073 (Thousand Metric Tons) 81,882 82,778 83,796 13,385 13,833 13,668 95,268 96,612 97,464 84,889 13,507 98,396 86,409 13,460 99,869 87,911 13,336 101,248 89,526 13,187 102,713 100 76,020 18,020 94,140 173 79,388 14,115 93,677 175 79,323 13,363 92,860 179 80,319 13,385 93,884 183 81,041 13,833 95,057 187 82,325 13,668 96,180 190 83,181 13,507 96,877 194 84,180 13,460 97,834 201 85,636 13,336 99,173 206 87,236 13,187 100,629 214 88,659 13,173 102,046 -50 385 347 189 210 431 586 562 696 618 667 14/15 Iranian Wheat Su upply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 6,000 6,591 6,555 6,548 (Thousand Hectares) 6,560 6,587 6,610 6,637 6,643 6,664 6,688 2.00 2.01 2.01 2.03 (Metric Tons per Hectare) 2.05 2.08 2.09 2.12 2.14 2.15 2.18 Production Beginning Stocks Domestic Supply 12,000 3,907 15,907 13,236 4,157 17,393 13,174 4,489 17,662 13,293 4,636 17,929 (Thousand Metric Tons) 13,467 13,693 13,831 4,696 4,701 4,706 18,164 18,394 18,537 14,054 4,695 18,749 14,214 4,686 18,901 14,361 4,687 19,048 14,548 4,684 19,232 Feed Use Food and Other Ending Stocks Domestic Use 300 15,900 4,157 20,357 323 14,494 4,489 19,306 331 14,757 4,636 19,724 334 15,071 4,696 20,101 333 15,344 4,701 20,377 333 15,591 4,706 20,630 332 15,698 4,695 20,725 332 15,879 4,686 20,896 332 16,057 4,687 21,075 332 16,178 4,684 21,193 333 16,362 4,698 21,393 -4,450 -1,913 -2,062 -2,172 -2,214 -2,236 -2,188 -2,148 -2,175 -2,145 -2,161 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Hectares) 191 191 191 191 191 191 191 Area Harvested Yield Net Trade Japanese Wheatt Supply and Utilization 09/10 Area Harvested 209 10/11 205 11/12 194 12/13 190 4.11 4.07 4.07 4.07 (Metric Tons per Hectare) 4.07 4.07 4.07 4.07 4.07 4.07 4.07 Production Beginning Stocks Domestic Supply 843 1,381 2,224 789 1,249 2,038 772 1,534 2,307 778 1,697 2,475 (Thousand Metric Tons) 777 777 776 1,746 1,758 1,764 2,523 2,535 2,540 777 1,762 2,539 778 1,764 2,542 778 1,770 2,548 778 1,794 2,571 Feed Use Food and Other Ending Stocks Domestic Use 150 5,700 1,249 7,099 228 5,640 1,534 7,402 321 5,630 1,697 7,648 344 5,613 1,746 7,703 353 5,596 1,758 7,708 362 5,572 1,764 7,698 363 5,544 1,762 7,670 363 5,513 1,764 7,641 363 5,489 1,770 7,623 363 5,458 1,794 7,615 364 5,425 1,830 7,620 -4,875 -5,364 -5,342 -5,228 -5,184 -5,162 -5,130 -5,101 -5,080 -5,067 -5,048 Yield Net Trade World Wheat: FAPRI 2010 Agricultural Outlook / 161 Mexican Wheat Supply S and Utilization 09/10 10/11 11/12 12/13 Area Harvested 870 796 703 Yield 4.94 5.00 Production Beginning Stocks Domestic Supply 4,300 317 4,617 Feed Use Food and Other Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 724 (Thousand Hectares) 714 736 732 732 734 730 730 5.06 5.10 (Metric Tons per Hectare) 5.14 5.17 5.21 5.25 5.29 5.33 5.38 3,985 367 4,352 3,562 422 3,984 3,694 431 4,125 (Thousand Metric Tons) 3,666 3,808 3,819 434 433 437 4,100 4,241 4,256 3,845 438 4,283 3,883 443 4,325 3,889 451 4,340 3,924 457 4,381 250 5,900 367 6,517 185 6,350 422 6,957 176 6,477 431 7,084 175 6,529 434 7,138 176 6,615 433 7,224 178 6,749 437 7,363 179 6,872 438 7,489 182 6,982 443 7,607 185 7,124 451 7,759 188 7,249 457 7,894 191 7,407 468 8,067 -1,900 -2,605 -3,100 -3,013 -3,125 -3,122 -3,233 -3,324 -3,434 -3,554 -3,686 14/15 Moroccan Wheatt Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 2,800 2,598 2,482 2,435 (Thousand Hectares) 2,437 2,427 2,414 2,402 2,394 2,379 2,366 2.28 1.46 1.48 1.49 (Metric Tons per Hectare) 1.49 1.49 1.49 1.50 1.49 1.51 1.52 Production Beginning Stocks Domestic Supply 6,370 784 7,154 3,790 1,204 4,994 3,663 1,371 5,034 3,627 1,426 5,052 (Thousand Metric Tons) 3,640 3,625 3,596 1,448 1,463 1,479 5,089 5,088 5,075 3,608 1,492 5,100 3,575 1,504 5,079 3,589 1,524 5,112 3,601 1,542 5,143 Feed Use Food and Other Ending Stocks Domestic Use 150 7,500 1,204 8,854 174 7,531 1,371 9,076 184 7,615 1,426 9,224 188 7,709 1,448 9,346 190 7,805 1,463 9,458 191 7,904 1,479 9,575 193 8,032 1,492 9,716 194 8,087 1,504 9,785 195 8,184 1,524 9,903 197 8,277 1,542 10,015 199 8,372 1,564 10,135 -1,700 -4,082 -4,190 -4,293 -4,369 -4,487 -4,641 -4,685 -4,824 -4,903 -4,992 15/16 16/17 17/18 18/19 19/20 Area Harvested Yield Net Trade Other African/Mid ddle Eastern Wheat Supply and Utilization 09/10 10/11 11/12 12/13 14,763 15,378 15,461 15,503 (Thousand Hectares) 15,524 15,702 15,836 15,930 15,986 16,244 16,347 2.10 2.13 2.16 2.20 (Metric Tons per Hectare) 2.22 2.25 2.28 2.32 2.36 2.38 2.41 Production Beginning Stocks Domestic Supply 30,987 10,340 41,327 32,765 11,640 44,405 33,375 12,012 45,386 34,119 12,023 46,142 (Thousand Metric Tons) 34,521 35,363 36,105 12,005 11,964 12,041 46,526 47,326 48,146 36,921 12,105 49,026 37,787 11,970 49,757 38,586 12,016 50,602 39,423 11,767 51,189 Feed Use Food and Other Ending Stocks Domestic Use 2,580 55,240 11,640 69,460 2,423 57,687 12,012 72,121 2,421 59,066 12,023 73,510 2,425 60,365 12,005 74,795 2,428 61,663 11,964 76,054 2,436 62,899 12,041 77,376 2,439 64,294 12,105 78,839 2,441 65,584 11,970 79,996 2,446 66,963 12,016 81,426 2,448 68,215 11,767 82,430 2,452 69,014 11,702 83,168 -28,133 -27,716 -28,123 -28,653 -29,529 -30,049 -30,692 -30,970 -31,668 -31,829 -31,979 Area Harvested Yield Net Trade 13/14 14/15 162 / World Wheat: FAPRI 2010 Agricultural Outlook Other Asian Whe eat Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 3,933 3,708 3,696 3,717 (Thousand Hectares) 3,716 3,718 3,751 3,798 3,900 3,933 3,978 1.79 1.65 1.65 1.66 (Metric Tons per Hectare) 1.66 1.66 1.66 1.67 1.67 1.65 1.66 Production Beginning Stocks Domestic Supply 7,050 3,376 10,426 6,115 3,416 9,531 6,116 3,297 9,413 6,186 3,277 9,463 (Thousand Metric Tons) 6,166 6,176 6,242 3,284 3,291 3,314 9,450 9,466 9,556 6,328 3,326 9,654 6,496 3,343 9,839 6,504 3,266 9,770 6,621 3,272 9,893 Feed Use Food and Other Ending Stocks Domestic Use 1,405 23,630 3,416 28,451 1,186 22,727 3,297 27,209 1,151 22,726 3,277 27,154 1,153 22,889 3,284 27,325 1,151 23,008 3,291 27,449 1,158 23,270 3,314 27,742 1,159 23,408 3,326 27,893 1,157 23,509 3,343 28,009 1,161 23,784 3,266 28,211 1,161 23,951 3,272 28,384 1,166 24,284 3,301 28,750 -18,025 -17,678 -17,741 -17,862 -18,000 -18,276 -18,337 -18,355 -18,372 -18,614 -18,857 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Area Harvested Yield Net Trade 14/15 Other CIS Wheatt Supply and Utilization 09/10 10/11 11/12 12/13 19,433 17,659 17,380 17,455 (Thousand Hectares) 17,537 17,631 17,675 17,749 17,812 17,885 17,948 1.60 1.62 1.64 1.65 (Metric Tons per Hectare) 1.66 1.68 1.69 1.71 1.72 1.72 1.74 Production Beginning Stocks Domestic Supply 31,070 6,971 38,041 28,619 8,716 37,335 28,450 8,112 36,561 28,862 8,021 36,883 (Thousand Metric Tons) 29,139 29,550 29,889 8,023 8,041 8,070 37,162 37,592 37,959 30,271 8,089 38,360 30,589 8,108 38,696 30,783 8,127 38,910 31,235 8,142 39,376 Feed Use Food and Other Ending Stocks Domestic Use 5,725 20,275 8,716 34,716 5,783 20,511 8,112 34,406 5,832 20,605 8,021 34,458 5,903 20,685 8,023 34,611 5,989 20,770 8,041 34,801 6,085 20,883 8,070 35,038 6,175 20,973 8,089 35,236 6,267 21,060 8,108 35,435 6,363 21,148 8,127 35,639 6,461 21,226 8,142 35,829 6,568 21,309 8,163 36,040 3,325 2,929 2,104 2,272 2,361 2,554 2,723 2,926 3,057 3,082 3,337 Area Harvested Yield Net Trade Countries included: Armenia, Aze zerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Uzbekistan. Other Eastern Eu uropean Wheat Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 495 488 473 Yield 3.38 3.40 Production Beginning Stocks Domestic Supply 1,675 347 2,022 Feed Use Food and Other Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 472 (Thousand Hectares) 475 477 475 475 476 475 476 3.42 3.44 (Metric Tons per Hectare) 3.45 3.47 3.48 3.50 3.51 3.52 3.54 1,659 352 2,011 1,619 375 1,994 1,625 377 2,002 (Thousand Metric Tons) 1,641 1,653 1,654 379 381 386 2,020 2,034 2,041 1,661 389 2,050 1,672 392 2,064 1,672 397 2,069 1,683 400 2,083 205 2,165 352 2,722 222 2,203 375 2,800 228 2,212 377 2,817 233 2,203 379 2,816 238 2,206 381 2,824 245 2,217 386 2,848 249 2,224 389 2,862 250 2,227 392 2,869 250 2,235 397 2,883 249 2,239 400 2,889 250 2,254 407 2,911 -700 -789 -823 -814 -804 -815 -821 -819 -819 -820 -827 Countries included: Albania, Bos snia and Herzegovina, Croatia, Macedonia, Serbia, Montenegro. World Wheat: FAPRI 2010 Agricultural Outlook / 163 Other Latin Amerrican Wheat Supply and Utilization Area Harvested Yield Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 1,642 1,651 1,630 1,620 (Thousand Hectares) 1,628 1,628 1,622 1,618 1,618 1,614 1,612 2.49 2.51 2.53 2.55 (Metric Tons per Hectare) 2.56 2.57 2.59 2.60 2.62 2.62 2.65 4,094 1,809 5,903 4,146 1,976 6,122 4,119 2,085 6,205 4,130 2,116 6,245 (Thousand Metric Tons) 4,170 4,192 4,199 2,140 2,159 2,187 6,310 6,351 6,385 4,214 2,205 6,419 4,235 2,223 6,458 4,235 2,243 6,478 4,266 2,260 6,526 400 11,790 1,976 14,166 412 12,221 2,085 14,718 417 12,316 2,116 14,849 417 12,430 2,140 14,987 418 12,540 2,159 15,117 422 12,691 2,187 15,299 425 12,800 2,205 15,429 427 12,891 2,223 15,540 429 13,009 2,243 15,682 431 13,097 2,260 15,788 435 13,207 2,284 15,926 -8,263 -8,596 -8,644 -8,741 -8,807 -8,949 -9,044 -9,122 -9,224 -9,310 -9,400 14/15 Pakistani Wheat Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 9,000 9,075 8,954 9,000 (Thousand Hectares) 9,052 9,098 9,099 9,121 9,153 9,171 9,209 2.67 2.71 2.74 2.78 (Metric Tons per Hectare) 2.81 2.84 2.87 2.91 2.94 2.96 3.00 Production Beginning Stocks Domestic Supply 24,000 1,869 25,869 24,555 2,569 27,124 24,557 2,760 27,317 25,037 2,751 27,788 (Thousand Metric Tons) 25,420 25,843 26,142 2,740 2,737 2,771 28,160 28,581 28,914 26,508 2,786 29,294 26,888 2,806 29,695 27,140 2,834 29,973 27,624 2,852 30,476 Feed Use Food and Other Ending Stocks Domestic Use 400 22,900 2,569 25,869 412 23,654 2,760 26,826 410 23,875 2,751 27,036 409 24,129 2,740 27,278 408 24,396 2,737 27,541 410 24,790 2,771 27,972 411 25,102 2,786 28,299 411 25,429 2,806 28,646 412 25,792 2,834 29,038 412 26,118 2,852 29,382 413 26,516 2,889 29,818 0 298 280 510 619 609 615 648 657 591 658 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Area Harvested Yield Net Trade Russian Wheat Supply S and Utilization 09/10 10/11 11/12 12/13 28,750 27,085 26,160 26,167 (Thousand Hectares) 26,007 26,090 26,031 26,145 26,229 26,301 26,403 2.15 2.12 2.14 2.15 (Metric Tons per Hectare) 2.17 2.19 2.22 2.23 2.23 2.24 2.26 Production Beginning Stocks Domestic Supply 61,700 8,429 70,129 57,372 11,129 68,501 56,076 11,877 67,954 56,210 12,047 68,257 (Thousand Metric Tons) 56,414 57,257 57,660 12,087 12,104 12,131 68,501 69,360 69,792 58,186 12,147 70,333 58,572 12,165 70,737 59,022 12,186 71,208 59,639 12,201 71,839 Feed Use Food and Other Ending Stocks Domestic Use 18,000 23,200 11,129 52,329 18,514 23,027 11,877 53,418 18,119 22,808 12,047 52,975 18,068 22,933 12,087 53,089 17,932 22,829 12,104 52,865 18,023 22,769 12,131 52,923 18,162 22,679 12,147 52,987 18,325 22,562 12,165 53,052 18,497 22,472 12,186 53,154 18,667 22,354 12,201 53,222 18,753 22,295 12,229 53,276 17,800 15,083 14,979 15,168 15,636 16,438 16,805 17,281 17,582 17,986 18,563 Area Harvested Yield Net Trade 164 / World Wheat: FAPRI 2010 Agricultural Outlook South Korean Wheat Wh Supply and Utilization 09/10 10/11 11/12 12/13 5 5 5 5 3.60 3.63 3.66 Production Beginning Stocks Domestic Supply 18 1,087 1,105 18 1,005 1,023 Feed Use Food and Other Ending Stocks Domestic Use 1,500 2,200 1,005 4,705 -3,600 Area Harvested Yield Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 5 5 5 5 5 3.69 (Metric Tons per Hectare) 3.71 3.74 3.76 3.78 3.80 3.81 3.84 18 1,035 1,053 18 1,056 1,074 (Thousand Metric Tons) 19 19 19 1,068 1,074 1,079 1,087 1,092 1,098 19 1,081 1,100 19 1,083 1,102 19 1,085 1,104 19 1,087 1,107 1,633 2,276 1,035 4,943 1,703 2,301 1,056 5,060 1,766 2,320 1,068 5,154 1,810 2,329 1,074 5,213 1,843 2,342 1,079 5,265 1,855 2,347 1,081 5,283 1,853 2,349 1,083 5,284 1,841 2,354 1,085 5,281 1,816 2,357 1,087 5,260 1,787 2,367 1,093 5,247 -3,920 -4,007 -4,079 -4,126 -4,172 -4,184 -4,184 -4,179 -4,156 -4,140 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 0 0 0 399 406 415 399 406 415 0 421 421 0 427 427 0 433 433 0 438 438 (Thousand Hectares) 5 5 Taiwanese Whea at Supply and Utilization Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 0 366 366 0 356 356 0 381 381 0 389 389 10 1,075 356 1,441 14 1,098 381 1,492 15 1,109 389 1,513 16 1,121 399 1,536 18 1,130 406 1,553 19 1,141 415 1,575 20 1,150 421 1,591 22 1,158 427 1,607 23 1,166 433 1,623 24 1,173 438 1,635 25 1,182 445 1,653 -1,075 -1,136 -1,132 -1,147 -1,155 -1,170 -1,176 -1,186 -1,195 -1,202 -1,215 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Tunisian Wheat S Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 835 807 768 764 (Thousand Hectares) 754 756 746 744 739 734 730 Yield 1.80 1.83 1.86 1.89 (Metric Tons per Hectare) 1.92 1.94 1.96 1.98 2.00 2.02 2.05 Production Beginning Stocks Domestic Supply 1,500 1,419 2,919 1,479 1,219 2,698 1,426 1,298 2,724 1,441 1,313 2,754 (Thousand Metric Tons) 1,451 1,468 1,466 1,337 1,347 1,367 2,788 2,815 2,833 1,474 1,378 2,852 1,482 1,390 2,871 1,482 1,404 2,886 1,498 1,413 2,911 Feed Use Food and Other Ending Stocks Domestic Use 0 3,100 1,219 4,319 0 3,152 1,298 4,450 0 3,188 1,313 4,501 0 3,241 1,337 4,578 0 3,278 1,347 4,624 0 3,334 1,367 4,701 0 3,372 1,378 4,750 0 3,408 1,390 4,798 0 3,453 1,404 4,858 0 3,487 1,413 4,900 0 3,532 1,431 4,963 -1,400 -1,752 -1,777 -1,824 -1,836 -1,887 -1,917 -1,946 -1,986 -2,014 -2,052 Net Trade World Wheat: FAPRI 2010 Agricultural Outlook / 165 Ukrainian Wheatt Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 6,850 6,962 6,976 7,185 (Thousand Hectares) 7,237 7,280 7,415 7,470 7,535 7,601 7,677 2.99 3.03 3.06 3.08 (Metric Tons per Hectare) 3.09 3.12 3.13 3.15 3.16 3.16 3.16 Production Beginning Stocks Domestic Supply 20,500 3,110 23,610 21,100 2,610 23,710 21,328 2,959 24,287 22,111 3,090 25,202 (Thousand Metric Tons) 22,387 22,729 23,247 3,180 3,254 3,322 25,567 25,983 26,569 23,519 3,375 26,895 23,800 3,420 27,220 23,998 3,459 27,457 24,289 3,487 27,777 Feed Use Food and Other Ending Stocks Domestic Use 2,800 9,300 2,610 14,710 2,810 9,537 2,959 15,307 2,847 9,635 3,090 15,572 2,874 9,688 3,180 15,743 2,920 9,727 3,254 15,901 2,978 9,782 3,322 16,082 3,030 9,797 3,375 16,202 3,084 9,795 3,420 16,300 3,140 9,786 3,459 16,385 3,201 9,760 3,487 16,448 3,266 9,736 3,515 16,517 8,900 8,404 8,715 9,459 9,666 9,901 10,367 10,595 10,835 11,009 11,260 14/15 15/16 16/17 17/18 18/19 19/20 Area Harvested Yield Net Trade 14/15 Rest-of-World Wheat Wh Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 806 747 730 731 (Thousand Hectares) 734 734 731 729 729 727 726 Yield 3.83 3.84 3.85 3.87 (Metric Tons per Hectare) 3.88 3.89 3.90 3.91 3.92 3.92 3.94 Production Beginning Stocks Domestic Supply 3,087 1,283 4,370 2,869 1,089 3,958 2,810 1,119 3,929 2,828 1,117 3,944 (Thousand Metric Tons) 2,845 2,858 2,850 1,120 1,122 1,130 3,964 3,980 3,980 2,853 1,133 3,986 2,860 1,138 3,998 2,852 1,145 3,997 2,861 1,149 4,010 Feed Use Food and Other Ending Stocks Domestic Use 725 4,081 1,089 5,895 668 4,291 1,119 6,078 664 4,321 1,117 6,101 657 4,334 1,120 6,111 654 4,365 1,122 6,140 653 4,414 1,130 6,197 651 4,452 1,133 6,236 647 4,479 1,138 6,264 646 4,521 1,145 6,312 643 4,552 1,149 6,344 642 4,594 1,159 6,395 -1,525 -2,121 -2,171 -2,167 -2,176 -2,217 -2,255 -2,278 -2,313 -2,347 -2,385 Net Trade 13/14 166 / World Wheat: FAPRI 2010 Agricultural Outlook Per Capita Wheat Consumption of Selected Countries Algeria Argentina Australia Brazil Canada China Egypt European Union India Iran Japan Mexico Morocco Other Africa/Middle East Other Asia Other CIS * Other Eastern Europe † Other Latin America Pakistan Russia South Korea Taiwan Tunisia Ukraine United States 09/10 10/11 11/12 12/13 13/14 251 118 144 50 145 73 210 138 65 236 45 52 236 51 27 222 95 50 129 167 45 47 292 205 89 247 127 145 51 147 74 212 144 66 213 45 56 235 52 25 223 96 51 131 166 47 48 294 212 90 247 127 144 50 149 73 211 149 66 215 45 56 235 52 25 223 97 51 130 165 47 48 294 215 90 247 126 143 50 149 72 212 153 66 217 45 56 235 52 25 222 97 51 130 167 47 48 297 218 90 247 125 142 50 150 72 212 155 65 219 45 56 236 52 25 221 97 50 129 167 47 49 297 220 90 14/15 (Kilograms) 248 125 142 50 151 71 213 157 66 220 45 57 236 52 25 221 97 50 129 168 48 49 300 223 90 15/16 16/17 17/18 18/19 19/20 248 124 141 50 152 71 213 159 65 220 45 57 238 52 25 221 98 50 129 168 48 49 300 225 90 248 123 140 50 153 71 213 161 65 220 45 57 237 52 24 220 98 50 129 168 48 50 301 226 90 248 123 140 50 155 70 213 162 66 220 45 58 238 52 25 220 98 50 129 168 48 50 303 227 90 248 122 139 50 157 70 213 163 66 220 45 59 238 52 24 219 99 50 129 168 48 50 303 228 90 249 123 139 51 159 70 213 164 67 220 45 59 239 52 24 219 100 50 129 169 48 51 305 229 90 * Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Uzbekistan. † Countries included: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Serbia, Montenegro. WORLD RICE 168 / World Rice: FAPRI 2010 Agricultural Outlook World Rice Global rice prices weaken in 2009/10 as more exportable supplies became available, even as major rice exporting countries like India, Egypt, Pakistan, China, and Thailand maintain export restrictions and stock controls to dampen domestic price increases. The world reference price, which equilibrates net trade in the model, is used in this baseline. This price no longer tracks the Thai 100% B price. Current Thai policies on the domestic price, government storage, and government-to-government exports have limited the usefulness of the Thai price as a reference price because of competitive pressure from Vietnamese rice. Vietnam has sold rice at a discount by as much as $150 per mt below the Thai price, making it very competitive in the global market. World rice harvested area in 2009/10 declined by 2.5% as unfavorable weather caused a 5.2 mha drop in India’s area that negated gains in China, Myanmar, Thailand, and Nigeria. While world rice production has exceeded consumption since 2005/06, the situation reversed in 2009/10 when India’s output declined by 14.7 mmt, causing global rice production to decrease by 2.7%, to 434.7 mmt, as the average yield declined marginally. Total world rice consumption in 2009/10 increases by 0.7%, to 436.5 mmt, as world population grows by 1.1% and average per capita use declines by 0.4%. Substantial consumption gains in China, Bangladesh, and Indonesia are offset by declines in India and Pakistan. Total world rice trade in 2009/10 is 29.7 mmt, up 8.2%, as total export shipments from Thailand, Pakistan, and China increase substantially. Net world rice trade in 2009/10 is 27.6 mmt, up 11.7% from the previous year. With global rice yields projected to increase by 2.2% and area by 0.8%, total rice output recovers in 2010/11, expanding by 3.0%, to 447.7 mmt. With world population growth of 1.1% and an increase of 0.7% in per capita use, total global rice consumption increases by 1.8%, to 444.3 mmt. Total world rice trade expands to 32.3 mmt during the same period, up 8.9% from the previous year, as more export supplies come from India and Thailand. Consequently, rice export prices are projected to weaken further in 2010/11 and 2011/12 before increasing gradually, driven by strong consumption and trade, reaching $429 per mt by 2019/20. Over the next decade, global rice area increases marginally, to 155.7 mha, and yields grow by 0.6%, causing total production to grow by 0.7%. Area expansions in India, Bangladesh, Myanmar, and Thailand offset contractions in China, Japan, and South Korea. Total consumption continues to increase steadily by 0.8% annually, with the expansion driven solely by population growth, as average per capita use declines marginally, a result of urbanization and diet diversification toward more protein-based foods in some Asian countries with strong economies such as China, India, Indonesia, Vietnam, Thailand, Japan, South Korea, and Taiwan. India’s role in the global rice economy is projected to remain prominent, as the country accounts for 28%, 38%, and 29% of the gains in area, production, and consumption over the baseline, respectively. About 45% of the growth in production comes from Bangladesh, Thailand, Indonesia, the Philippines, Brazil, Myanmar, Cambodia, and Vietnam, while 52% of consumption growth is accounted for by Bangladesh, the EU, Indonesia, the Philippines, Nigeria, and Myanmar. India, Thailand, Pakistan, and Vietnam account for 81.2% of the growth in net rice exports over the next decade. These countries experience declines in rice per capita consumption, which allows yield-based growth in production to outpace domestic consumption. Over the same period, the Philippines remains the top rice destination, with imports reaching nearly 4.0 mmt by 2019/20. Rice imports of Africa and the Middle East continue to increase, accounting for 50.4% of the total volume growth in global net rice imports over the decade, driven by strong growth in both population and per capita rice consumption. World Rice: FAPRI 2010 Agricultural Outlook / 169 Rice Trade 09/10 10/11 11/12 12/13 591 -176 773 1,130 432 1,982 1,007 3,791 9,798 2,494 750 5,004 554 -173 764 1,048 553 4,436 1,051 3,062 10,733 2,462 762 4,575 660 -129 711 1,139 612 5,758 1,174 3,254 11,097 2,245 786 4,580 Total Net Exports * 27,576 29,826 Net Importers Bangladesh Brazil Cameroon Canada China - Hong Kong Cote d'Ivoire European Union-27 Ghana Guinea Indonesia Iran Iraq Japan Kenya Malaysia Mali Mexico Mozambique Nigeria Philippines Saudi Arabia Senegal Sierra Leone South Africa South Korea Taiwan Tanzania Turkey Rest of World 704 340 301 341 350 796 1,203 351 148 303 1,701 1,100 500 247 829 102 596 350 1,600 2,599 1,320 701 130 726 300 70 79 191 9,599 Total Net Imports Net Exporters Argentina Australia Cambodia China Egypt India Myanmar (Burma) Pakistan Thailand United States Uruguay Vietnam Prices World Reference Price † U.S. FOB Gulf Ports 13/14 14/15 15/16 16/17 17/18 18/19 19/20 650 -95 725 1,244 629 5,806 1,248 3,404 11,136 2,171 816 4,645 (Thousand Metric Tons) 686 706 724 -62 -59 -66 726 696 723 1,281 1,324 1,345 628 658 672 6,170 6,262 6,522 1,270 1,303 1,328 3,457 3,646 3,551 11,273 11,358 11,535 2,137 2,118 2,100 837 858 902 4,553 4,723 4,795 757 -63 717 1,331 689 6,751 1,351 3,550 11,874 2,073 926 5,133 786 -60 733 1,352 709 6,838 1,408 3,666 12,094 2,071 940 4,974 810 -57 773 1,373 710 6,921 1,448 3,670 12,366 2,090 972 5,079 798 -53 797 1,437 725 7,072 1,462 3,766 12,497 2,152 994 5,057 31,888 32,378 32,957 33,594 34,133 35,088 35,510 36,155 36,705 954 691 334 357 381 966 1,360 370 222 970 1,690 1,247 482 385 983 204 658 366 1,943 2,983 1,411 573 162 978 327 108 158 212 8,352 1,426 879 370 367 385 1,034 1,362 345 208 1,241 1,651 1,253 482 355 1,029 192 664 383 2,067 2,924 1,415 630 167 975 348 108 147 238 9,244 1,553 767 390 387 388 1,155 1,376 330 196 1,217 1,655 1,260 482 369 1,044 174 696 400 2,152 2,891 1,450 672 169 996 368 108 138 254 9,341 1,664 659 403 409 392 1,205 1,390 307 185 1,254 1,744 1,277 482 416 1,090 165 728 416 2,242 3,293 1,488 711 169 1,018 388 108 164 273 8,918 1,783 531 410 425 396 1,240 1,374 287 198 1,402 1,723 1,297 482 415 1,095 173 751 430 2,303 3,433 1,523 730 163 1,038 409 108 173 284 9,017 1,813 396 422 444 400 1,283 1,391 278 185 1,401 1,855 1,325 482 439 1,125 170 779 438 2,387 3,397 1,559 796 154 1,065 409 108 192 299 9,143 1,849 269 452 460 405 1,333 1,414 275 204 1,424 1,963 1,356 482 475 1,165 177 810 458 2,501 3,570 1,595 841 148 1,096 409 108 222 314 9,315 1,863 -29 464 472 408 1,360 1,439 284 215 1,403 1,988 1,389 482 483 1,199 180 840 465 2,639 3,768 1,627 889 136 1,121 409 108 217 325 9,369 1,858 -223 478 485 411 1,398 1,482 289 227 1,422 2,086 1,428 482 511 1,247 193 872 489 2,757 3,859 1,659 937 128 1,167 409 108 232 334 9,434 1,854 -533 486 493 413 1,438 1,539 299 235 1,624 2,215 1,484 482 499 1,352 188 902 494 2,800 3,977 1,688 986 111 1,192 409 108 223 346 9,399 27,576 29,826 31,888 32,378 32,957 33,594 34,133 35,088 35,510 36,155 36,705 538 532 405 425 401 422 404 424 (U.S. Dollars per Metric Ton) 403 405 406 424 426 427 402 423 411 432 415 437 429 451 * Total net exports are the sum of all positive net exports and negative net imports. † Historically equal to the Thai 100% B. However, for the projection period, this price equilibrates net trade and no longer corresponds to Thai 100% B. Current Thai policies on domestic price, government storage, and government-to-government exports have limited its usefulness as a reference price. 170 / World Rice: FAPRI 2010 Agricultural Outlook World Rice Supply and Utilization 09/10 10/11 11/12 12/13 152,530 153,747 153,739 2.85 2.91 Production Beginning Stocks Domestic Supply 434,730 92,410 527,140 Consumption Ending Stocks Domestic Use Area Harvested Yield Trade Stocks-to-Use Ratio 13/14 14/15 15/16 16/17 17/18 18/19 19/20 154,261 (Thousand Hectares) 154,444 154,761 155,209 155,293 155,309 155,377 155,676 2.93 2.93 (Metric Tons per Hectare) 2.95 2.96 2.97 3.00 3.02 3.05 3.06 447,696 90,660 538,356 450,514 94,004 544,518 452,302 96,393 548,695 (Thousand Metric Tons) 455,223 457,768 461,701 96,307 94,477 93,683 551,530 552,246 555,384 466,272 93,018 559,289 469,625 93,073 562,698 474,055 92,724 566,779 476,681 92,681 569,362 436,470 90,660 527,130 444,352 94,004 538,356 448,126 96,393 544,518 452,387 96,307 548,695 457,053 94,477 551,530 458,563 93,683 552,246 462,366 93,018 555,384 466,216 93,073 559,289 469,974 92,724 562,698 474,098 92,681 566,779 477,622 91,740 569,362 29,660 32,287 34,365 36,333 36,898 37,580 38,301 38,957 40,041 40,533 41,278 20.77 21.16 21.51 21.29 20.67 (Percent) 20.43 20.12 19.96 19.73 19.55 19.21 14/15 U.S. Rice Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,256 1,189 1,127 1,121 (Thousand Hectares) 1,124 1,123 1,120 1,117 1,116 1,120 1,131 5.60 5.67 5.72 5.78 (Metric Tons per Hectares) 5.83 5.88 5.93 5.99 6.03 6.07 6.12 Production Beginning Stocks Domestic Supply 7,030 974 8,004 6,743 1,369 8,111 6,449 1,367 7,816 6,473 1,255 7,728 (Thousand Metric Tons) 6,553 6,606 6,648 1,192 1,189 1,204 7,745 7,795 7,851 6,686 1,223 7,908 6,731 1,248 7,979 6,805 1,269 8,074 6,919 1,290 8,210 Consumption Ending Stocks Domestic Use 4,141 1,369 5,510 4,262 1,367 5,629 4,315 1,255 5,570 4,365 1,192 5,557 4,419 1,189 5,608 4,473 1,204 5,677 4,528 1,223 5,751 4,586 1,248 5,835 4,640 1,269 5,908 4,694 1,290 5,985 4,746 1,311 6,057 2,494 2,462 2,245 2,171 2,137 2,118 2,100 2,073 2,071 2,090 2,152 Area Harvested Yield Net Trade World Rice: FAPRI 2010 Agricultural Outlook / 171 Argentine Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 210 227 228 Yield 4.52 4.42 949 70 1,019 Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 230 (Thousand Hectares) 231 233 234 236 238 240 242 4.48 4.55 (Metric Tons per Hectares) 4.63 4.71 4.78 4.85 4.93 5.00 5.08 1,003 103 1,106 1,022 204 1,226 1,046 212 1,258 (Thousand Metric Tons) 1,072 1,095 1,120 249 270 289 1,321 1,365 1,409 1,147 309 1,456 1,173 318 1,491 1,203 319 1,521 1,232 319 1,551 325 103 428 349 204 553 353 212 566 359 249 608 365 270 635 370 289 660 376 309 685 382 318 700 387 319 705 392 319 711 396 357 753 591 554 660 650 686 706 724 757 786 810 798 13/14 14/15 15/16 16/17 17/18 18/19 19/20 47 49 51 52 53 Australian Rice Supply and Utilization 09/10 10/11 11/12 12/13 20 29 34 38 Yield 6.25 6.29 6.34 6.34 (Metric Tons per Hectares) 6.35 6.40 6.45 6.51 6.56 6.58 6.58 Production Beginning Stocks Domestic Supply 125 24 149 182 11 192 214 50 264 242 62 304 (Thousand Metric Tons) 283 290 303 59 61 61 343 350 365 322 77 399 334 100 434 341 128 470 348 151 499 Consumption Ending Stocks Domestic Use 314 11 325 315 50 365 331 62 392 340 59 399 344 61 405 348 61 410 354 77 431 362 100 462 365 128 494 375 151 526 385 167 552 -176 -173 -129 -95 -62 -59 -66 -63 -60 -57 -53 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Area Harvested Net Trade (Thousand Hectares) 45 45 Bangladeshi Rice Supply and Utilization 09/10 10/11 11/12 12/13 11,600 11,624 11,520 11,505 (Thousand Hectares) 11,542 11,620 11,679 11,778 11,821 11,872 11,914 2.59 2.67 2.66 2.69 (Metric Tons per Hectares) 2.72 2.74 2.76 2.79 2.82 2.85 2.89 Production Beginning Stocks Domestic Supply 30,000 1,148 31,148 30,979 448 31,427 30,649 458 31,108 30,922 461 31,384 (Thousand Metric Tons) 31,350 31,841 32,282 469 480 492 31,819 32,321 32,775 32,836 472 33,308 33,333 562 33,895 33,878 672 34,550 34,440 802 35,242 Consumption Ending Stocks Domestic Use 31,404 448 31,852 31,923 458 32,382 32,072 461 32,534 32,467 469 32,936 33,003 480 33,483 33,612 492 34,104 34,115 472 34,587 34,596 562 35,158 35,087 672 35,758 35,605 802 36,407 36,241 855 37,096 -704 -954 -1,426 -1,553 -1,664 -1,783 -1,813 -1,849 -1,863 -1,858 -1,854 Area Harvested Yield Net Trade 172 / World Rice: FAPRI 2010 Agricultural Outlook Brazilian Rice Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 2,850 2,799 2,693 2,690 (Thousand Hectares) 2,702 2,709 2,720 2,732 2,756 2,795 2,845 2.74 3.08 3.13 3.20 (Metric Tons per Hectares) 3.25 3.32 3.38 3.45 3.51 3.58 3.64 Production Beginning Stocks Domestic Supply 7,820 1,013 8,833 8,614 758 9,371 8,433 819 9,252 8,600 813 9,413 (Thousand Metric Tons) 8,790 8,981 9,196 808 807 804 9,598 9,787 10,000 9,420 803 10,223 9,682 804 10,486 10,001 799 10,800 10,367 798 11,166 Consumption Ending Stocks Domestic Use 8,636 758 9,394 9,243 819 10,062 9,319 813 10,131 9,372 808 10,180 9,450 807 10,257 9,514 804 10,318 9,593 803 10,396 9,688 804 10,492 9,657 799 10,457 9,779 798 10,577 9,840 793 10,632 -340 -691 -879 -767 -659 -531 -396 -269 29 223 533 14/15 Area Harvested Yield Net Trade 14/15 Cambodian Rice Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 2,650 2,658 2,617 2,629 (Thousand Hectares) 2,634 2,622 2,641 2,643 2,654 2,678 2,691 1.75 1.77 1.81 1.85 (Metric Tons per Hectares) 1.88 1.92 1.96 2.00 2.04 2.07 2.11 Production Beginning Stocks Domestic Supply 4,630 0 4,630 4,694 0 4,694 4,726 1 4,727 4,852 2 4,854 (Thousand Metric Tons) 4,964 5,043 5,180 5 7 9 4,968 5,050 5,189 5,285 11 5,296 5,407 14 5,421 5,554 16 5,569 5,681 18 5,699 Consumption Ending Stocks Domestic Use 3,857 0 3,857 3,929 1 3,931 4,013 2 4,016 4,124 5 4,129 4,236 7 4,243 4,345 9 4,354 4,455 11 4,466 4,565 14 4,579 4,672 16 4,688 4,779 18 4,797 4,882 20 4,902 773 764 711 725 726 696 723 717 733 773 797 13/14 14/15 15/16 16/17 17/18 18/19 19/20 44 45 45 45 45 Area Harvested Yield Net Trade Cameroonian Rice Supply and Utilization Area Harvested Yield Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 40 41 41 41 0.75 0.86 0.87 0.89 (Metric Tons per Hectares) 0.90 0.91 0.92 0.93 0.95 0.96 0.97 30 0 30 35 0 35 36 1 37 36 2 38 (Thousand Metric Tons) 37 39 41 2 2 3 39 41 43 42 3 45 42 4 46 43 4 48 44 5 49 331 0 331 368 1 369 405 2 407 426 2 429 440 2 442 449 3 451 462 3 465 493 4 497 505 4 510 520 5 525 530 5 535 -301 -334 -370 -390 -403 -410 -422 -452 -464 -478 -486 (Thousand Hectares) 42 43 World Rice: FAPRI 2010 Agricultural Outlook / 173 Canadian Rice Supply and Utilization Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 0 0 0 0 0 0 0 0 0 0 0 0 341 0 341 357 0 357 367 0 367 387 0 387 409 0 409 -341 -357 -367 -387 14/15 15/16 16/17 17/18 18/19 19/20 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 425 0 425 444 0 444 460 0 460 472 0 472 485 0 485 493 0 493 -409 -425 -444 -460 -472 -485 -493 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 0 0 0 0 0 0 Chinese Rice Supply and Utilization 09/10 10/11 11/12 12/13 29,680 29,226 28,657 28,423 (Thousand Hectares) 28,182 28,060 27,942 27,833 27,712 27,639 27,609 4.62 4.71 4.76 4.78 (Metric Tons per Hectares) 4.82 4.83 4.84 4.85 4.86 4.87 4.89 Production Beginning Stocks Domestic Supply 137,000 42,875 179,875 137,669 45,188 182,858 136,360 46,870 183,230 135,949 46,586 182,535 (Thousand Metric Tons) 135,774 135,468 135,300 45,837 44,778 43,877 181,611 180,245 179,178 134,961 43,825 178,786 134,713 43,577 178,291 134,702 43,251 177,953 134,901 42,631 177,532 Consumption Ending Stocks Domestic Use 133,557 45,188 178,745 134,941 46,870 181,810 135,504 46,586 182,090 135,454 45,837 181,291 135,552 44,778 180,330 135,044 43,877 178,922 134,007 43,825 177,832 133,878 43,577 177,455 133,688 43,251 176,938 133,949 42,631 176,580 133,378 42,716 176,095 1,130 1,048 1,139 1,244 1,281 1,324 1,345 1,331 1,352 1,373 1,437 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Area Harvested Yield Net Trade Cote d'Ivoire Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 400 402 358 347 (Thousand Hectares) 347 344 346 347 344 344 342 Yield 1.24 1.16 1.17 1.19 (Metric Tons per Hectare) 1.20 1.21 1.22 1.23 1.25 1.26 1.27 Production Beginning Stocks Domestic Supply 495 90 585 467 89 556 420 112 532 411 111 522 (Thousand Metric Tons) 415 416 423 113 118 117 528 534 540 428 119 546 429 122 550 432 123 555 434 125 559 1,292 89 1,381 1,410 112 1,522 1,455 111 1,566 1,564 113 1,677 1,615 118 1,733 1,658 117 1,774 1,704 119 1,822 1,758 122 1,879 1,788 123 1,911 1,827 125 1,953 1,848 150 1,997 -796 -966 -1,034 -1,155 -1,205 -1,240 -1,283 -1,333 -1,360 -1,398 -1,438 Consumption Ending Stocks Domestic Use Net Trade 174 / World Rice: FAPRI 2010 Agricultural Outlook Egyptian Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 670 672 673 Yield 6.53 6.62 Production Beginning Stocks Domestic Supply 4,374 792 5,166 Consumption Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 677 (Thousand Hectares) 682 688 690 692 691 691 690 6.78 6.83 (Metric Tons per Hectares) 6.88 6.93 6.98 7.03 7.07 7.12 7.24 4,450 731 5,181 4,563 752 5,314 4,630 750 5,379 (Thousand Metric Tons) 4,691 4,767 4,815 768 787 827 5,459 5,554 5,642 4,860 846 5,706 4,888 843 5,731 4,915 797 5,712 4,992 707 5,699 4,003 731 4,734 3,876 752 4,628 3,953 750 4,703 3,982 768 4,750 4,044 787 4,831 4,068 827 4,895 4,124 846 4,970 4,174 843 5,017 4,225 797 5,022 4,295 707 5,002 4,365 609 4,973 432 553 612 629 628 658 672 689 709 710 725 14/15 15/16 16/17 17/18 18/19 19/20 European Union Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 454 454 454 450 (Thousand Hectares) 451 451 452 453 456 457 458 Yield 4.38 4.23 4.24 4.24 (Metric Tons per Hectare) 4.25 4.27 4.28 4.30 4.32 4.34 4.36 Production Beginning Stocks Domestic Supply 1,988 1,020 3,008 1,924 1,101 3,025 1,927 1,229 3,155 1,909 1,342 3,251 (Thousand Metric Tons) 1,917 1,923 1,935 1,412 1,459 1,451 3,329 3,382 3,387 1,952 1,434 3,386 1,970 1,413 3,383 1,987 1,400 3,387 1,997 1,410 3,407 Consumption Ending Stocks Domestic Use 3,110 1,101 4,211 3,157 1,229 4,385 3,176 1,342 4,518 3,215 1,412 4,627 3,261 1,459 4,720 3,304 1,451 4,755 3,344 1,434 4,778 3,387 1,413 4,800 3,422 1,400 4,822 3,459 1,410 4,869 7,895 1,411 9,306 -1,203 -1,360 -1,362 -1,376 -1,390 -1,374 -1,391 -1,414 -1,439 -1,482 -1,539 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Net Trade 13/14 Ghanaian Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 125 124 132 136 (Thousand Hectares) 138 138 138 139 138 138 139 Yield 1.25 1.31 1.34 1.35 (Metric Tons per Hectares) 1.37 1.39 1.42 1.45 1.47 1.50 1.53 Production Beginning Stocks Domestic Supply 156 65 221 162 65 228 176 78 254 184 78 262 (Thousand Metric Tons) 190 193 196 77 74 71 267 267 267 200 69 270 203 69 272 207 71 278 212 73 285 Consumption Ending Stocks Domestic Use 506 65 572 520 78 598 521 78 599 515 77 592 500 74 574 484 71 554 475 69 544 475 69 544 485 71 556 494 73 567 508 76 584 -351 -370 -345 -330 -307 -287 -278 -275 -284 -289 -299 Net Trade World Rice: FAPRI 2010 Agricultural Outlook / 175 Guinean Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 820 813 821 Yield 0.71 0.74 Production Beginning Stocks Domestic Supply 585 0 585 Consumption Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 832 (Thousand Hectares) 844 854 862 872 879 886 894 0.78 0.82 (Metric Tons per Hectares) 0.86 0.88 0.91 0.93 0.94 0.95 0.96 600 0 600 637 3 640 684 4 688 (Thousand Metric Tons) 728 750 787 5 5 5 733 755 792 810 5 815 822 6 828 844 6 850 857 6 863 733 0 733 819 3 822 844 4 849 880 5 885 913 5 918 948 5 953 972 5 977 1,013 6 1,019 1,038 6 1,044 1,070 6 1,077 1,093 6 1,099 -148 -222 -208 -196 -185 -198 -185 -204 -215 -227 -235 15/16 16/17 17/18 18/19 19/20 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Chinese - Hong Kong Rice Supply and Utilization Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 0 0 0 0 0 0 0 0 0 0 0 0 350 0 350 381 0 381 385 0 385 388 0 388 392 0 392 396 0 396 400 0 400 405 0 405 408 0 408 411 0 411 413 0 413 -350 -381 -385 -388 -392 -396 -400 -405 -408 -411 -413 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 0 0 0 0 0 0 Indian Rice Supply and Utilization Area Harvested Yield Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 38,800 44,010 44,141 44,247 (Thousand Hectares) 44,515 44,570 44,698 44,848 45,014 45,196 45,400 2.18 2.23 2.24 2.25 (Metric Tons per Hectare) 2.27 2.29 2.31 2.33 2.36 2.36 2.38 84,500 17,000 101,500 98,070 10,812 108,882 98,720 13,062 111,782 99,611 13,454 113,065 (Thousand Metric Tons) 101,169 102,041 103,204 13,376 13,458 13,155 114,545 115,499 116,358 104,513 12,643 117,156 106,014 12,022 118,036 106,809 12,095 118,904 107,963 11,789 119,752 88,806 10,812 99,618 91,384 13,062 104,446 92,570 13,454 106,024 93,884 13,376 107,259 94,916 13,458 108,374 96,083 13,155 109,237 97,193 12,643 109,836 98,383 12,022 110,405 99,102 12,095 111,197 100,194 11,789 111,983 101,094 11,585 112,679 1,982 4,436 5,758 5,806 6,170 6,262 6,522 6,751 6,838 6,921 7,072 176 / World Rice: FAPRI 2010 Agricultural Outlook Indonesian Rice Supply and Utilization 09/10 10/11 11/12 12/13 12,000 11,872 11,820 3.08 3.16 Production Beginning Stocks Domestic Supply 37,000 7,057 44,057 Consumption Ending Stocks Domestic Use Area Harvested Yield Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 11,855 (Thousand Hectares) 11,892 11,930 11,929 11,911 11,927 11,974 11,966 3.17 3.21 (Metric Tons per Hectare) 3.21 3.21 3.24 3.27 3.28 3.29 3.29 37,518 6,958 44,476 37,520 6,797 44,317 38,051 6,833 44,884 (Thousand Metric Tons) 38,193 38,314 38,694 6,892 6,834 6,725 45,085 45,148 45,420 38,907 6,497 45,404 39,157 6,079 45,236 39,358 5,579 44,937 39,376 5,045 44,420 37,402 6,958 44,360 38,649 6,797 45,446 38,726 6,833 45,558 39,209 6,892 46,101 39,505 6,834 46,339 39,824 6,725 46,550 40,323 6,497 46,820 40,749 6,079 46,829 41,061 5,579 46,639 41,314 5,045 46,359 41,696 4,349 46,044 -303 -970 -1,241 -1,217 -1,254 -1,402 -1,401 -1,424 -1,403 -1,422 -1,624 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Iranian Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 625 631 633 635 (Thousand Hectares) 635 635 633 632 630 629 627 Yield 3.20 3.46 3.46 3.48 (Metric Tons per Hectare) 3.56 3.56 3.58 3.61 3.63 3.66 3.68 Production Beginning Stocks Domestic Supply 2,000 665 2,665 2,180 765 2,945 2,187 937 3,125 2,210 1,030 3,241 (Thousand Metric Tons) 2,262 2,258 2,268 1,087 1,137 1,162 3,348 3,395 3,429 2,281 1,194 3,475 2,290 1,229 3,519 2,303 1,252 3,555 2,309 1,280 3,590 Consumption Ending Stocks Domestic Use 3,600 765 4,366 3,698 937 4,635 3,745 1,030 4,776 3,809 1,087 4,895 3,955 1,137 5,092 3,956 1,162 5,118 4,090 1,194 5,285 4,209 1,229 5,438 4,254 1,252 5,507 4,360 1,280 5,641 4,491 1,314 5,805 -1,701 -1,690 -1,651 -1,655 -1,744 -1,723 -1,855 -1,963 -1,988 -2,086 -2,215 13/14 14/15 15/16 16/17 17/18 18/19 19/20 85 86 87 88 89 Net Trade Iraqi Rice Supply and Utilization 09/10 10/11 11/12 12/13 50 63 71 76 Yield 1.32 2.00 1.99 2.00 (Metric Tons per Hectare) 2.01 2.03 2.04 2.05 2.06 2.08 2.09 Production Beginning Stocks Domestic Supply 66 130 196 126 105 231 142 209 350 153 270 423 (Thousand Metric Tons) 163 169 174 309 333 351 472 502 525 177 364 541 179 375 554 182 385 567 186 394 581 1,191 105 1,296 1,269 209 1,477 1,333 270 1,603 1,374 309 1,683 1,415 333 1,749 1,449 351 1,800 1,486 364 1,849 1,522 375 1,897 1,558 385 1,943 1,601 394 1,995 1,660 405 2,064 -1,100 -1,247 -1,253 -1,260 -1,277 -1,297 -1,325 -1,356 -1,389 -1,428 -1,484 Area Harvested Consumption Ending Stocks Domestic Use Net Trade (Thousand Hectares) 81 83 World Rice: FAPRI 2010 Agricultural Outlook / 177 Japanese Rice Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,610 1,566 1,514 1,500 (Thousand Hectares) 1,498 1,484 1,485 1,475 1,452 1,427 1,432 4.73 4.72 4.76 4.80 (Metric Tons per Hectare) 4.85 4.88 4.89 4.88 4.87 4.88 4.88 Production Beginning Stocks Domestic Supply 7,620 2,715 10,335 7,396 2,635 10,031 7,210 2,474 9,684 7,203 2,190 9,393 (Thousand Metric Tons) 7,262 7,241 7,257 2,068 2,084 2,143 9,330 9,325 9,400 7,194 2,301 9,495 7,064 2,472 9,536 6,966 2,585 9,551 6,987 2,660 9,647 Consumption Ending Stocks Domestic Use 8,200 2,635 10,835 8,039 2,474 10,513 7,975 2,190 10,166 7,807 2,068 9,875 7,728 2,084 9,812 7,664 2,143 9,807 7,581 2,301 9,882 7,506 2,472 9,977 7,433 2,585 10,018 7,373 2,660 10,033 7,329 2,800 10,129 -500 -482 -482 -482 -482 -482 -482 -482 -482 -482 -482 13/14 14/15 15/16 16/17 17/18 18/19 19/20 18 19 19 19 19 Area Harvested Yield Net Trade 14/15 Kenyan Rice Supply and Utilization 09/10 10/11 11/12 12/13 17 17 17 18 Yield 1.53 1.72 1.81 1.86 (Metric Tons per Hectares) 1.91 1.95 2.00 2.05 2.09 2.14 2.19 Production Beginning Stocks Domestic Supply 26 115 141 30 90 120 32 123 155 33 121 153 (Thousand Metric Tons) 34 35 37 121 131 130 155 166 167 38 134 172 39 142 181 41 143 184 42 149 191 Consumption Ending Stocks Domestic Use 298 90 388 382 123 505 389 121 509 402 121 523 440 131 571 451 130 581 472 134 606 505 142 647 521 143 665 546 149 695 547 144 690 -247 -385 -355 -369 -416 -415 -439 -475 -483 -511 -499 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Area Harvested Net Trade (Thousand Hectares) 18 18 Malaysian Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 670 674 675 674 (Thousand Hectares) 674 673 673 674 675 674 674 Yield 2.35 2.36 2.36 2.37 (Metric Tons per Hectare) 2.38 2.40 2.42 2.44 2.46 2.48 2.50 Production Beginning Stocks Domestic Supply 1,575 642 2,217 1,591 600 2,191 1,594 608 2,202 1,597 626 2,222 (Thousand Metric Tons) 1,606 1,615 1,630 628 632 639 2,235 2,247 2,268 1,646 638 2,283 1,661 645 2,306 1,673 650 2,323 1,686 656 2,342 Consumption Ending Stocks Domestic Use 2,446 600 3,046 2,566 608 3,174 2,605 626 3,231 2,638 628 3,266 2,693 632 3,324 2,703 639 3,342 2,755 638 3,393 2,804 645 3,448 2,854 650 3,504 2,914 656 3,571 3,031 664 3,695 -829 -983 -1,029 -1,044 -1,090 -1,095 -1,125 -1,165 -1,199 -1,247 -1,352 Net Trade 178 / World Rice: FAPRI 2010 Agricultural Outlook Malian Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 410 396 405 Yield 2.09 2.15 Production Beginning Stocks Domestic Supply 858 0 858 Consumption Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 418 (Thousand Hectares) 430 436 441 447 449 454 461 2.21 2.25 (Metric Tons per Hectares) 2.30 2.35 2.39 2.45 2.50 2.55 2.60 851 1 852 895 4 899 942 5 947 (Thousand Metric Tons) 990 1,023 1,056 6 7 8 996 1,030 1,064 1,094 9 1,103 1,121 10 1,131 1,157 10 1,167 1,198 12 1,209 958 1 960 1,051 4 1,056 1,086 5 1,091 1,115 6 1,121 1,154 7 1,161 1,195 8 1,203 1,225 9 1,233 1,270 10 1,280 1,300 10 1,310 1,349 12 1,360 1,385 13 1,398 -102 -204 -192 -174 -165 -173 -170 -177 -180 -193 -188 13/14 14/15 15/16 16/17 17/18 18/19 19/20 57 57 57 57 57 Mexican Rice Supply and Utilization 09/10 10/11 11/12 12/13 60 60 59 58 Yield 3.17 3.07 3.05 3.06 (Metric Tons per Hectare) 3.08 3.12 3.18 3.21 3.27 3.33 3.38 Production Beginning Stocks Domestic Supply 190 118 308 184 123 308 180 152 332 178 154 332 (Thousand Metric Tons) 177 179 182 159 163 166 336 342 348 184 167 352 188 171 358 191 174 365 194 177 371 Consumption Ending Stocks Domestic Use 781 123 904 813 152 965 842 154 996 869 159 1,028 900 163 1,064 927 166 1,093 960 167 1,127 991 171 1,162 1,025 174 1,198 1,060 177 1,236 1,095 178 1,273 -596 -658 -664 -696 -728 -751 -779 -810 -840 -872 -902 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Area Harvested Net Trade (Thousand Hectares) 58 57 Mozambican Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 180 183 186 189 (Thousand Hectares) 192 195 198 201 204 207 209 Yield 0.96 0.80 0.81 0.81 (Metric Tons per Hectares) 0.82 0.83 0.84 0.85 0.85 0.86 0.87 Production Beginning Stocks Domestic Supply 172 0 172 146 0 146 150 1 151 154 1 155 (Thousand Metric Tons) 158 162 166 2 2 3 160 165 169 170 3 173 174 4 178 178 4 182 182 5 187 Consumption Ending Stocks Domestic Use 522 0 522 511 1 511 533 1 534 554 2 556 574 2 576 592 3 594 605 3 608 628 4 631 640 4 643 666 5 671 677 5 681 -350 -366 -383 -400 -416 -430 -438 -458 -465 -489 -494 Net Trade World Rice: FAPRI 2010 Agricultural Outlook / 179 Myanmarian Rice Supply and Utilization Area Harvested Yield Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 7,000 7,024 7,062 7,098 (Thousand Hectares) 7,125 7,152 7,162 7,181 7,189 7,196 7,202 1.53 1.57 1.59 1.59 (Metric Tons per Hectare) 1.61 1.62 1.64 1.66 1.67 1.69 1.71 10,730 221 10,951 11,004 205 11,208 11,198 298 11,496 11,320 353 11,673 (Thousand Metric Tons) 11,472 11,602 11,767 353 356 360 11,824 11,958 12,127 11,908 377 12,285 12,029 396 12,424 12,149 364 12,513 12,290 293 12,582 9,739 205 9,944 9,859 298 10,157 9,969 353 10,322 10,073 353 10,425 10,198 356 10,554 10,295 360 10,655 10,422 377 10,799 10,539 396 10,934 10,653 364 11,017 10,772 293 11,065 10,875 246 11,120 1,007 1,051 1,174 1,248 1,270 1,303 1,328 1,351 1,408 1,448 1,462 14/15 Nigerian Rice Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 2,400 2,406 2,387 2,394 (Thousand Hectares) 2,399 2,403 2,405 2,410 2,410 2,410 2,412 1.42 1.45 1.47 1.49 (Metric Tons per Hectare) 1.52 1.54 1.57 1.58 1.59 1.60 1.63 Production Beginning Stocks Domestic Supply 3,400 570 3,970 3,478 470 3,948 3,508 413 3,921 3,578 377 3,954 (Thousand Metric Tons) 3,643 3,706 3,769 353 336 325 3,995 4,042 4,093 3,810 317 4,127 3,820 311 4,131 3,854 307 4,161 3,940 303 4,244 Consumption Ending Stocks Domestic Use 5,100 470 5,570 5,479 413 5,891 5,611 377 5,987 5,753 353 6,106 5,901 336 6,238 6,021 325 6,346 6,164 317 6,480 6,316 311 6,627 6,463 307 6,770 6,614 303 6,917 6,743 301 7,044 -1,600 -1,943 -2,067 -2,152 -2,242 -2,303 -2,387 -2,501 -2,639 -2,757 -2,800 14/15 Area Harvested Yield Net Trade Pakistani Rice Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 2,800 2,809 2,791 2,808 (Thousand Hectares) 2,815 2,812 2,811 2,816 2,812 2,819 2,811 2.21 2.30 2.32 2.34 (Metric Tons per Hectare) 2.36 2.39 2.41 2.43 2.46 2.48 2.50 Production Beginning Stocks Domestic Supply 6,200 1,000 7,200 6,466 801 7,267 6,467 1,253 7,720 6,573 1,417 7,990 (Thousand Metric Tons) 6,655 6,712 6,773 1,504 1,577 1,490 8,159 8,290 8,263 6,852 1,511 8,364 6,908 1,567 8,475 6,991 1,532 8,523 7,037 1,533 8,569 Consumption Ending Stocks Domestic Use 2,609 801 3,409 2,953 1,253 4,205 3,049 1,417 4,466 3,081 1,504 4,586 3,124 1,577 4,702 3,154 1,490 4,644 3,201 1,511 4,712 3,246 1,567 4,813 3,277 1,532 4,809 3,320 1,533 4,852 3,341 1,462 4,803 3,791 3,062 3,254 3,404 3,457 3,646 3,551 3,550 3,666 3,670 3,766 Area Harvested Yield Net Trade 180 / World Rice: FAPRI 2010 Agricultural Outlook Philippine Rice Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 4,450 4,539 4,536 4,545 (Thousand Hectares) 4,555 4,568 4,580 4,590 4,595 4,600 4,607 2.39 2.44 2.51 2.58 (Metric Tons per Hectare) 2.58 2.60 2.68 2.71 2.73 2.77 2.80 Production Beginning Stocks Domestic Supply 10,300 4,121 14,421 11,074 3,236 14,310 11,394 3,253 14,647 11,735 3,282 15,017 (Thousand Metric Tons) 11,762 11,884 12,274 3,312 3,349 3,399 15,075 15,233 15,672 12,439 3,433 15,872 12,537 3,477 16,014 12,736 3,519 16,255 12,887 3,557 16,444 Consumption Ending Stocks Domestic Use 13,784 3,236 17,020 14,040 3,253 17,293 14,290 3,282 17,571 14,595 3,312 17,907 15,018 3,349 18,367 15,267 3,399 18,666 15,635 3,433 19,069 15,965 3,477 19,442 16,263 3,519 19,782 16,557 3,557 20,114 16,827 3,594 20,421 -2,599 -2,983 -2,924 -2,891 -3,293 -3,433 -3,397 -3,570 -3,768 -3,859 -3,977 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 0 0 0 484 487 491 484 487 491 0 494 494 0 498 498 0 501 501 0 504 504 Area Harvested Yield Net Trade 14/15 Saudi Arabian Rice Supply and Utilization Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 0 411 411 0 432 432 0 473 473 0 480 480 1,299 432 1,731 1,369 473 1,843 1,408 480 1,888 1,447 484 1,930 1,484 487 1,972 1,520 491 2,011 1,555 494 2,050 1,591 498 2,089 1,623 501 2,124 1,656 504 2,160 1,685 507 2,192 -1,320 -1,411 -1,415 -1,450 -1,488 -1,523 -1,559 -1,595 -1,627 -1,659 -1,688 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Senegalese Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 105 104 107 110 (Thousand Hectares) 111 111 111 111 110 110 110 Yield 1.86 1.94 1.98 2.00 (Metric Tons per Hectares) 2.03 2.06 2.08 2.12 2.15 2.18 2.21 Production Beginning Stocks Domestic Supply 195 215 410 201 280 481 212 242 454 219 239 458 (Thousand Metric Tons) 225 228 231 247 255 243 472 484 474 234 252 487 236 262 498 239 272 510 242 282 524 831 280 1,111 812 242 1,054 845 239 1,084 884 247 1,131 927 255 1,183 971 243 1,214 1,018 252 1,270 1,066 262 1,328 1,115 272 1,387 1,166 282 1,448 1,218 292 1,510 -701 -573 -630 -672 -711 -730 -796 -841 -889 -937 -986 Consumption Ending Stocks Domestic Use Net Trade World Rice: FAPRI 2010 Agricultural Outlook / 181 Sierra Leonean Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 660 664 668 Yield 0.70 0.72 Production Beginning Stocks Domestic Supply 465 0 465 Consumption Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 674 (Thousand Hectares) 681 689 699 709 720 733 747 0.73 0.74 (Metric Tons per Hectares) 0.76 0.79 0.81 0.84 0.86 0.89 0.92 481 1 482 489 3 492 499 3 502 (Thousand Metric Tons) 520 542 567 4 4 5 524 547 572 593 6 599 621 6 628 652 7 659 684 8 692 594 1 595 641 3 644 656 3 659 668 4 672 688 4 692 705 5 710 720 6 726 740 6 746 756 7 763 779 8 787 795 9 804 -130 -162 -167 -169 -169 -163 -154 -148 -136 -128 -111 13/14 14/15 15/16 16/17 17/18 18/19 19/20 0 0 0 0 0 South African Rice Supply and Utilization Area Harvested Yield Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 0 0 0 0 0.00 0.00 0.00 0.00 (Metric Tons per Hectare) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 50 50 0 65 65 0 91 91 0 94 94 (Thousand Metric Tons) 0 0 0 98 103 107 98 103 107 0 112 112 0 118 118 0 123 123 0 132 132 711 65 776 953 91 1,043 972 94 1,066 992 98 1,090 1,013 103 1,116 1,034 107 1,141 1,060 112 1,172 1,090 118 1,208 1,116 123 1,239 1,158 132 1,290 1,186 137 1,323 -726 -978 -975 -996 -1,018 -1,038 -1,065 -1,096 -1,121 -1,167 -1,192 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Hectares) 0 0 South Korean Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 925 897 861 837 (Thousand Hectares) 821 810 799 793 787 785 781 Yield 5.31 5.36 5.36 5.36 (Metric Tons per Hectare) 5.37 5.37 5.37 5.37 5.37 5.38 5.38 Production Beginning Stocks Domestic Supply 4,910 825 5,735 4,810 1,057 5,867 4,613 1,235 5,848 4,486 1,271 5,757 (Thousand Metric Tons) 4,405 4,352 4,290 1,255 1,202 1,184 5,660 5,553 5,474 4,262 1,179 5,441 4,224 1,237 5,460 4,228 1,253 5,481 4,201 1,340 5,541 Consumption Ending Stocks Domestic Use 4,978 1,057 6,035 4,959 1,235 6,194 4,925 1,271 6,196 4,869 1,255 6,125 4,846 1,202 6,048 4,778 1,184 5,962 4,704 1,179 5,883 4,613 1,237 5,849 4,616 1,253 5,869 4,550 1,340 5,890 4,586 1,364 5,950 -300 -327 -348 -368 -388 -409 -409 -409 -409 -409 -409 Net Trade 182 / World Rice: FAPRI 2010 Agricultural Outlook Taiwanese Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 255 254 252 Yield 3.97 4.15 Production Beginning Stocks Domestic Supply 1,020 202 1,222 Consumption Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 248 (Thousand Hectares) 244 240 238 235 233 231 229 4.17 4.16 (Metric Tons per Hectare) 4.17 4.16 4.15 4.15 4.16 4.15 4.18 1,056 200 1,256 1,051 270 1,320 1,030 330 1,360 (Thousand Metric Tons) 1,015 1,000 986 368 390 393 1,383 1,390 1,379 975 382 1,358 969 361 1,330 960 339 1,299 959 315 1,274 1,092 200 1,292 1,094 270 1,363 1,098 330 1,428 1,100 368 1,467 1,100 390 1,491 1,105 393 1,498 1,104 382 1,486 1,104 361 1,465 1,098 339 1,438 1,092 315 1,407 1,085 296 1,381 -70 -108 -108 -108 -108 -108 -108 -108 -108 -108 -108 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Tanzanian Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 680 684 690 696 (Thousand Hectares) 701 707 712 717 723 728 734 Yield 1.26 1.33 1.37 1.43 (Metric Tons per Hectares) 1.45 1.47 1.49 1.51 1.53 1.55 1.57 Production Beginning Stocks Domestic Supply 857 0 857 906 1 907 947 4 952 995 7 1,002 (Thousand Metric Tons) 1,018 1,040 1,062 11 15 18 1,029 1,055 1,080 1,085 22 1,107 1,107 26 1,133 1,130 28 1,158 1,153 32 1,185 Consumption Ending Stocks Domestic Use 935 1 936 1,061 4 1,066 1,091 7 1,099 1,129 11 1,140 1,178 15 1,192 1,210 18 1,228 1,251 22 1,273 1,303 26 1,329 1,321 28 1,349 1,358 32 1,390 1,373 34 1,407 -79 -158 -147 -138 -164 -173 -192 -222 -217 -232 -223 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Net Trade Thai Rice Supply and Utilization 09/10 10/11 11/12 12/13 10,900 10,929 10,942 10,952 (Thousand Hectares) 10,970 11,000 11,012 11,034 11,047 11,063 11,065 1.88 1.88 1.90 1.92 (Metric Tons per Hectare) 1.94 1.95 1.97 1.98 2.00 2.02 2.03 Production Beginning Stocks Domestic Supply 20,500 4,037 24,537 20,567 5,074 25,640 20,802 5,032 25,834 21,044 4,812 25,856 (Thousand Metric Tons) 21,296 21,434 21,646 4,745 4,751 4,774 26,041 26,185 26,420 21,871 4,842 26,713 22,079 4,831 26,911 22,294 4,775 27,069 22,482 4,661 27,143 Consumption Ending Stocks Domestic Use 9,665 5,074 14,739 9,876 5,032 14,907 9,925 4,812 14,738 9,975 4,745 14,720 10,018 4,751 14,769 10,052 4,774 14,826 10,043 4,842 14,885 10,008 4,831 14,839 10,042 4,775 14,817 10,042 4,661 14,703 10,032 4,613 14,646 9,798 10,733 11,097 11,136 11,273 11,358 11,535 11,874 12,094 12,366 12,497 Area Harvested Yield Net Trade World Rice: FAPRI 2010 Agricultural Outlook / 183 Turkish Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 100 100 98 96 Yield 4.30 4.23 4.24 Production Beginning Stocks Domestic Supply 430 250 680 421 228 649 Consumption Ending Stocks Domestic Use 643 228 871 -191 Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 95 94 94 94 93 4.25 (Metric Tons per Hectare) 4.26 4.27 4.28 4.29 4.30 4.34 4.40 415 211 626 410 207 616 (Thousand Metric Tons) 407 406 405 203 203 201 611 609 606 406 200 605 405 200 605 407 198 605 411 195 607 650 211 861 658 207 865 668 203 871 681 203 884 692 201 893 705 200 905 720 200 919 732 198 930 743 195 939 758 195 953 -212 -238 -254 -273 -284 -299 -314 -325 -334 -346 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Hectares) 96 95 Uruguayan Rice Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 160 159 159 160 (Thousand Hectares) 160 161 162 164 166 168 170 Yield 5.60 5.80 5.97 6.14 (Metric Tons per Hectare) 6.25 6.37 6.62 6.67 6.71 6.83 6.87 Production Beginning Stocks Domestic Supply 896 63 959 921 59 980 950 59 1,009 982 59 1,042 (Thousand Metric Tons) 1,003 1,025 1,073 60 60 60 1,063 1,085 1,133 1,095 60 1,155 1,111 60 1,171 1,145 60 1,204 1,169 60 1,229 Consumption Ending Stocks Domestic Use 150 59 209 159 59 218 163 59 223 166 60 225 166 60 226 167 60 227 171 60 231 170 60 229 171 60 231 173 60 233 175 60 235 750 762 786 816 837 858 902 926 940 972 994 14/15 Net Trade Vietnamese Rice Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 7,330 7,441 7,417 7,409 (Thousand Hectares) 7,412 7,419 7,407 7,404 7,408 7,415 7,342 3.31 3.31 3.34 3.37 (Metric Tons per Hectare) 3.38 3.39 3.40 3.42 3.44 3.45 3.45 Production Beginning Stocks Domestic Supply 24,300 1,956 26,256 24,622 2,099 26,721 24,736 2,160 26,896 24,981 2,269 27,250 (Thousand Metric Tons) 25,041 25,116 25,202 2,394 2,432 2,459 27,435 27,548 27,661 25,315 2,490 27,805 25,451 2,334 27,785 25,552 2,347 27,900 25,325 2,368 27,693 Consumption Ending Stocks Domestic Use 19,153 2,099 21,252 19,986 2,160 22,146 20,048 2,269 22,317 20,211 2,394 22,605 20,450 2,432 22,882 20,365 2,459 22,824 20,375 2,490 22,866 20,339 2,334 22,672 20,463 2,347 22,811 20,452 2,368 22,820 20,407 2,229 22,636 5,004 4,575 4,580 4,645 4,553 4,723 4,795 5,133 4,974 5,079 5,057 Area Harvested Yield Net Trade 184 / World Rice: FAPRI 2010 Agricultural Outlook Rest-of-World Rice Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 9,568 6,006 6,896 7,445 (Thousand Hectares) 7,397 7,582 7,884 7,748 7,601 7,341 7,384 2.23 2.68 2.83 2.47 (Metric Tons per Hectare) 2.43 2.41 2.38 2.62 2.70 2.99 2.89 Production Beginning Stocks Domestic Supply 21,338 1,976 23,314 16,074 4,500 20,574 19,490 2,698 22,188 18,382 4,830 23,212 (Thousand Metric Tons) 17,984 18,272 18,761 5,274 4,139 4,485 23,257 22,412 23,246 20,273 4,195 24,468 20,511 5,164 25,676 21,948 5,367 27,315 21,353 6,597 27,950 Consumption Ending Stocks Domestic Use 28,082 4,500 32,582 26,249 2,698 28,947 26,602 4,830 31,431 27,279 5,274 32,553 28,036 4,139 32,175 26,944 4,485 31,429 28,194 4,195 32,389 28,618 5,164 33,782 29,677 5,367 35,044 30,152 6,597 36,749 26,520 6,469 32,989 -9,599 -8,352 -9,244 -9,341 -8,918 -9,017 -9,143 -9,315 -9,369 -9,434 -9,399 15/16 16/17 17/18 18/19 19/20 8.7 15.6 202.1 45.2 275.9 21.6 12.6 90.3 46.6 6.8 17.9 82.5 55.3 77.6 157.7 58.0 44.6 73.1 60.8 10.6 96.9 77.9 8.1 25.0 185.0 36.8 16.8 142.6 49.3 63.4 122.4 21.9 95.8 47.6 27.1 147.2 8.5 13.9 47.7 216.0 20.0 64.2 8.7 15.7 202.2 45.2 277.7 22.6 13.0 89.8 46.3 6.9 17.6 83.8 55.8 77.7 157.8 59.1 44.7 74.0 60.4 11.1 97.0 78.7 8.3 25.5 185.2 37.1 16.8 143.1 49.8 64.8 122.9 22.5 93.8 47.5 27.8 146.0 8.6 14.0 47.1 213.5 20.0 64.1 8.7 15.7 202.2 44.6 279.2 22.7 13.2 89.4 46.1 6.9 17.7 83.6 56.0 77.3 157.6 59.1 44.8 73.9 60.1 11.3 97.2 78.5 8.5 25.5 185.4 37.3 16.7 143.3 50.1 66.1 122.7 23.1 93.7 47.2 27.7 145.9 8.7 14.0 47.3 212.8 20.4 64.0 8.8 16.0 202.4 44.7 280.7 23.0 13.5 89.2 46.1 7.0 17.7 84.0 56.3 77.3 157.1 60.0 45.1 74.2 60.0 11.6 97.7 79.4 8.7 26.1 185.7 37.5 16.7 143.4 50.5 67.5 123.3 23.9 92.3 46.9 28.0 145.3 8.7 14.0 47.7 210.8 20.5 63.9 8.8 16.2 203.3 44.6 282.0 23.0 13.7 88.5 46.1 16.0 17.9 83.5 56.4 77.1 157.2 61.2 45.9 73.7 59.9 11.5 100.0 79.4 8.9 26.0 185.6 37.6 16.6 143.3 50.8 68.9 123.0 24.5 93.0 46.6 27.9 144.6 8.8 14.0 48.0 208.5 17.7 63.8 Area Harvested Yield Net Trade 14/15 Per Capita Rice Consumption of Selected Countries Argentina Australia Bangladesh Brazil Cambodia Cameroon Canada China Egypt European Union-27 Ghana Guinea China - Hong Kong India Indonesia Iran Iraq Ivory Coast Japan Kenya Malaysia Mali Mexico Mozambique Myanmar (Burma) Nigeria Pakistan Philippines Saudi Arabia Senegal Sierra Leone South Africa South Korea Taiwan Tanzania Thailand Turkey United States Uruguay Vietnam Rest of World World 09/10 10/11 11/12 12/13 13/14 8.0 14.8 201.2 43.5 266.1 17.5 10.2 92.4 50.8 6.3 21.2 72.9 49.7 76.8 155.7 54.2 41.1 62.7 64.5 7.6 95.1 71.3 7.0 24.1 184.4 34.2 14.9 140.7 45.3 60.6 115.8 14.5 102.6 47.5 22.8 146.4 8.4 13.5 43.0 216.2 21.8 64.6 8.4 14.7 202.0 46.0 266.3 19.1 10.6 93.0 48.2 6.4 21.4 79.3 53.7 77.9 159.1 55.2 42.8 67.0 63.4 9.5 98.1 76.2 7.2 23.2 184.6 36.0 16.7 140.5 46.9 57.6 122.3 19.4 102.0 47.5 25.3 148.7 8.3 13.7 45.2 223.1 20.1 65.1 8.5 15.2 200.3 45.8 267.2 20.5 10.8 93.0 48.2 6.4 21.0 79.6 54.0 77.8 157.7 55.3 43.9 67.7 63.1 9.5 97.9 76.7 7.4 23.7 184.6 36.1 16.9 140.3 47.4 58.4 122.3 19.8 101.0 47.6 25.5 148.6 8.4 13.8 46.3 221.4 20.0 64.9 8.5 15.5 200.2 45.6 269.7 21.2 11.3 92.5 47.6 6.5 20.4 80.8 54.3 77.9 158.0 55.7 44.1 71.2 61.9 9.6 97.5 76.7 7.6 24.2 184.5 36.4 16.9 140.6 47.9 59.5 121.7 20.3 99.7 47.6 25.9 148.5 8.4 13.8 46.8 220.8 20.2 64.8 8.6 15.5 200.8 45.4 272.0 21.4 11.8 92.2 47.4 6.6 19.5 81.7 54.6 77.7 157.5 57.3 44.4 72.1 61.5 10.2 97.9 77.4 7.7 24.6 184.8 36.6 16.9 142.1 48.4 60.8 122.6 20.9 99.0 47.5 26.5 148.3 8.4 13.8 46.7 221.1 20.5 64.8 14/15 (Kilograms) 8.6 15.5 201.8 45.3 274.0 21.4 12.2 91.4 46.8 6.7 18.5 82.6 55.0 77.7 157.2 56.7 44.5 72.6 61.2 10.3 96.6 78.0 7.9 24.9 184.7 36.7 16.8 141.8 48.8 62.1 122.8 21.4 97.4 47.7 26.7 148.1 8.5 13.9 46.8 218.0 19.4 64.3 WORLD COARSE GRAINS 186 / World Coarse Grains: FAPRI 2010 Agricultural Outlook World Coarse Grains The world coarse grain area is projected to increase in 2010/11 by 1.3 mha, to 253.6 mha. Coarse grain area reaches 260.4 mha in 2019/20. Corn area increases the most, especially in the U.S. and in Asian countries, followed by sorghum. Barley area declines over the projection period. World coarse grain production is projected to reach 1.140 billion mt in 2019/20, whereas coarse grain consumption reaches 1.139 billion mt that year. The corn price increases to $168.32 per mt in 2010/11. It is projected to increase further in 2011/12 to $170.04 per mt. It reaches $175.6 per mt in 2019/20. The stocks-to-use ratio decreases to 16.3% in 2009/10. It decreases over the next 10 years to reach 14.3% in 2019/20 because of consumption growth. World corn area decreased by 2.2 mha in 2009/10, to 155.1 mha, because of decreases in EU, Argentine, Brazilian and Mexican corn area. It increases to 156.0 mha in 2010/11 and reaches 161.8 mha in 2019/20. Production reaches 918.9 mmt in 2019/20 because of growth in area and yields. Corn feed use increases by 45.8 mmt over the next decade, reaching 536.2 mmt, because of growth in the livestock sector. The largest demand increase comes from Asian countries, followed by Latin American countries. Food and industrial use reaches 381.5 mmt in 2019/20. Both population growth and the continuing growth of the ethanol industry contribute to the rising demand. In 2009/10, corn net trade increases since consumption increases more than production. In 2010/11corn net trade declines. Over the next 10 years, corn net trade is projected to increase, reaching 92.5 mmt in 2019/20, because of demand growth in major importing regions such as Asia, Africa, and the Middle East. Argentina increases its corn production by 7.7 mmt over the next 10 years because of growth in area and yields. Argentina’s net exports increase by 7.2 mmt, reaching 15.2 mmt in 2019/20. Brazilian production grows by 10.9 mmt over the projection period. Brazil’s net exports reach only 4.0 mmt in 2019/20 as domestic consumption growth exceeds production growth. The largest demand increase for corn comes from Asian countries because of growth in their livestock industry and therefore in feed demand. Asian net imports increase by 7.3 mmt over the next decade. African net imports increase by 2.0 mmt over the projection period. China becomes a net importer of corn in 2011/12, with imports reaching 3.4 mmt in 2019/20. Among Latin American countries, Mexico maintains its role as a major importer, with imports reaching 11.0 mmt in 2019/20. Mexico also increases its imports of U.S. corn by-products. Middle Eastern corn net imports reach 10.2 mmt in 2019/20. The world sorghum price increases in 2009/10 because of lower production. It is projected to increase again in 2010/11, to $172.3 per mt. World sorghum net trade grows slightly over the projection period, reaching 5.0 mmt by 2019/20 with growth in demand. Mexico’s net imports of sorghum reach 2.2 mmt and Japan’s net imports reach 1.7 mmt in 2019/20. The barley price decreases in 2010/11 to $131.9 per mt with high carryover stocks that increase the supply. Net trade reaches 18.8 mmt in 2019/20. The EU’s barley net exports reach only 2.1 mmt in 2019/20. Australian net exports decrease in 2010/11 because of lower production. They reach 2.9 mmt by 2019/20. World Coarse Grains: FAPRI 2010 Agricultural Outlook / 187 Corn Trade Net Exporters Argentina Australia Brazil China South Africa Thailand Ukraine United States Total Net Exports * Net Importers Algeria Canada Egypt European Union India Indonesia Israel Japan Malaysia Mexico Other Africa Other Asia Other CIS † Other Eastern Europe ‡ Other Latin America Other Middle East Pakistan Philippines Russia South Korea Taiwan Vietnam Rest of World Residual Total Net Imports Coarse Grain Prices Corn (FOB Gulf) Sorghum (FOB Gulf) Barley (Canada Feed) 09/10 10/11 11/12 12/13 7,975 10 7,750 450 1,475 250 4,990 51,826 11,188 6 3,258 323 2,187 383 5,063 50,996 12,572 -2 4,262 -674 2,440 537 5,161 51,791 77,596 75,735 2,100 1,700 4,200 1,000 -995 0 1,000 16,300 2,590 9,450 4,655 -50 0 320 11,880 7,625 10 400 50 7,500 4,600 700 -1,825 1,516 13/14 14/15 15/16 16/17 17/18 18/19 19/20 13,137 -10 4,388 -1,106 2,558 588 5,239 53,364 (Thousand Metric Tons) 13,751 14,428 14,752 -20 -25 -28 4,400 4,562 4,804 -1,708 -2,033 -2,124 2,570 2,718 2,749 528 536 544 5,253 5,250 5,267 55,019 55,365 56,561 14,998 -31 4,725 -2,167 2,848 555 5,283 57,406 15,041 -35 4,367 -2,591 3,263 566 5,302 59,190 15,146 -38 4,456 -3,052 3,575 572 5,282 60,649 15,217 -41 4,051 -3,420 3,807 578 5,295 61,819 78,951 81,217 83,128 84,386 86,168 87,363 89,360 91,354 92,457 2,080 1,392 4,099 829 -672 673 1,154 16,636 2,543 9,490 3,928 -43 -2 256 10,191 8,275 10 471 160 7,180 4,178 675 -1,614 1,516 2,104 1,162 4,595 1,006 -617 833 1,173 17,437 2,562 9,571 4,665 -129 30 279 10,781 8,519 10 455 42 7,195 3,807 534 -1,444 1,516 2,111 1,174 4,916 1,062 -391 767 1,176 17,854 2,571 9,750 5,407 -100 59 359 11,220 8,560 10 499 62 7,040 3,493 495 -1,453 1,516 2,121 1,351 5,190 1,006 -66 676 1,179 18,052 2,585 9,790 5,873 -59 110 438 11,149 8,721 10 597 113 7,006 3,393 526 -1,484 1,516 2,128 1,287 5,391 982 300 676 1,180 18,123 2,599 10,080 5,857 -15 155 509 11,054 8,586 10 656 180 7,045 3,460 556 -1,512 1,516 2,134 1,342 5,723 1,145 501 705 1,183 18,068 2,614 10,130 6,053 15 199 554 11,177 8,750 10 676 274 7,108 3,546 594 -1,490 1,516 2,140 1,352 5,949 1,194 553 720 1,190 18,005 2,636 10,494 5,936 49 243 577 11,365 8,823 10 702 349 7,101 3,627 634 -1,548 1,516 2,143 1,385 6,268 1,227 671 747 1,193 18,107 2,651 10,709 6,194 105 295 580 11,411 8,885 10 737 459 7,086 3,650 705 -1,632 1,516 2,148 1,578 6,521 1,211 808 807 1,199 18,117 2,670 10,833 6,471 175 344 578 11,553 8,944 10 787 565 7,008 3,628 795 -1,675 1,516 2,158 1,711 6,599 1,173 775 778 1,208 18,197 2,695 10,991 6,532 190 389 567 11,752 9,000 10 771 594 6,964 3,600 827 -1,690 1,516 77,596 75,735 78,951 81,217 83,128 84,386 86,168 87,363 89,360 91,354 92,457 163 169 135 168 172 132 170 172 143 171 174 135 (U.S. Dollars per Metric Ton) 173 175 177 176 178 181 137 139 143 177 182 142 178 184 143 178 186 144 176 183 148 * Total net exports are the sum of all positive net exports and negative net imports. † Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Uzbekistan. ‡ Countries included: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Serbia, Montenegro. 188 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Barley Trade Net Exporters Argentina Australia Canada European Union Other CIS * Russia Ukraine United States Total Net Exports † Net Importers Algeria Brazil China Israel Japan Mexico Other Africa Other Asia Other Eastern Europe ‡ Other Latin America Other Middle East Pakistan Saudi Arabia South Africa Taiwan Rest of World Residual Total Net Imports Coarse Grain Prices Corn (FOB Gulf) Sorghum (FOB Gulf) Barley (Canada Feed) 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 900 3,800 1,450 1,850 591 2,100 5,995 -435 821 2,729 1,704 2,533 856 1,084 6,692 93 856 2,828 2,035 2,357 934 1,019 6,724 -45 879 3,055 2,559 2,042 943 1,309 6,742 -135 (Thousand Metric Tons) 874 889 910 2,890 2,894 2,888 2,738 2,991 3,094 2,198 2,076 2,165 921 927 946 1,960 1,994 2,123 6,520 6,464 6,404 -143 -141 -127 925 2,889 3,197 2,152 955 2,206 6,342 -138 937 2,892 3,263 2,114 961 2,269 6,256 -135 954 2,914 3,285 2,104 973 2,410 6,179 -140 976 2,963 3,350 2,058 992 2,316 6,091 -157 16,686 16,525 16,752 17,528 18,101 18,236 18,529 18,666 18,693 18,818 18,768 0 250 1,480 325 1,400 150 630 100 80 400 3,110 0 8,000 75 50 95 106 -11 444 1,398 342 1,385 242 1,012 86 115 469 3,144 0 7,581 91 52 59 106 96 436 1,443 330 1,388 44 1,209 41 123 354 3,140 0 7,864 85 47 2 106 183 457 1,714 346 1,488 116 1,272 36 135 465 3,139 0 7,787 79 50 20 106 224 466 1,834 344 1,502 90 1,284 101 149 476 3,223 0 7,990 78 51 41 106 226 470 1,974 343 1,500 81 1,323 102 156 517 3,209 0 7,930 73 52 33 106 232 469 2,086 341 1,482 70 1,459 93 159 537 3,183 0 8,050 68 52 14 106 250 476 2,121 343 1,479 69 1,470 91 160 559 3,168 0 8,108 64 53 10 106 161 481 2,159 343 1,470 74 1,503 103 159 582 3,158 0 8,136 60 54 9 106 190 488 2,174 343 1,467 77 1,537 104 157 605 3,144 0 8,172 56 54 3 106 176 485 2,192 338 1,448 73 1,556 88 151 621 3,099 0 8,176 50 53 -21 106 16,686 16,525 16,752 17,528 18,101 18,236 18,529 18,666 18,693 18,818 18,768 163 169 135 168 172 132 170 172 143 171 174 135 (U.S. Dollars per Metric Ton) 173 175 177 176 178 181 137 139 143 177 182 142 178 184 143 178 186 144 176 183 148 * Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Uzbekistan. † Total net exports are the sum of all positive net exports and negative net imports. ‡ Countries included: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Serbia, Montenegro. World Coarse Grains: FAPRI 2010 Agricultural Outlook / 189 Sorghum Trade Net Exporters Argentina Australia United States Total Net Exports * Net Importers India Israel Japan Mexico Nigeria Pakistan South Africa Rest of World Residual Total Net Imports Coarse Grain Prices Corn (FOB Gulf) Sorghum (FOB Gulf) Barley (Canada Feed) 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,000 1,000 3,558 526 676 3,505 727 685 3,245 777 732 3,173 (Thousand Metric Tons) 817 854 879 786 825 791 3,185 3,147 3,180 885 748 3,242 901 748 3,333 901 750 3,479 906 759 3,272 5,668 4,810 4,728 4,802 4,889 4,957 4,964 4,991 5,109 5,216 5,013 -25 75 1,500 2,600 -50 0 -35 1,357 136 -34 75 1,481 2,654 -50 0 -19 463 136 0 73 1,573 2,473 -50 0 -21 472 136 -49 73 1,632 2,407 -50 0 -21 555 136 -25 71 1,657 2,375 -50 0 -25 650 136 -57 71 1,661 2,368 -50 0 -25 722 136 -39 69 1,651 2,362 -50 0 -25 747 136 -40 68 1,642 2,382 -50 0 -26 763 136 -49 67 1,635 2,441 -50 0 -27 830 136 -11 66 1,635 2,472 -50 0 -26 908 136 16 67 1,654 2,202 -50 0 -27 938 136 5,668 4,810 4,728 4,802 4,889 4,957 4,964 4,991 5,109 5,216 5,013 163 169 135 168 172 132 170 172 143 171 174 135 (U.S. Dollars per Metric Ton) 173 175 177 176 178 181 137 139 143 177 182 142 178 184 143 178 186 144 176 183 148 * Total net exports are the sum of all positive net exports and negative net imports. 14/15 190 / World Coarse Grains: FAPRI 2010 Agricultural Outlook World Corn Supply and Utilization 09/10 10/11 11/12 12/13 155,093 156,028 157,337 5.13 5.16 Production Beginning Stocks Domestic Supply 795,935 143,305 939,240 Feed Use Food and Other Ending Stocks Domestic Use Area Harvested Yield Trade * Stocks-to-Use Ratio 13/14 14/15 15/16 16/17 17/18 18/19 19/20 158,006 (Thousand Hectares) 158,662 159,473 159,874 160,399 160,843 161,426 161,758 5.23 5.29 (Metric Tons per Hectare) 5.35 5.41 5.47 5.53 5.59 5.63 5.68 804,744 131,739 936,483 823,205 127,413 950,618 835,829 127,514 963,343 (Thousand Metric Tons) 848,863 863,370 875,022 887,612 898,623 127,531 127,551 127,674 127,410 127,964 976,395 990,921 1,002,696 1,015,021 1,026,588 909,205 918,887 128,483 130,017 1,037,689 1,048,904 490,386 317,114 131,739 939,240 478,097 330,973 127,413 936,483 487,569 335,535 127,514 950,618 494,464 341,348 127,531 963,343 500,895 347,948 127,551 976,395 530,019 536,213 377,653 381,498 130,017 131,193 1,037,689 1,048,904 77,596 75,735 78,951 81,217 83,128 84,386 86,168 87,363 89,360 91,354 92,457 16.31 15.75 15.49 15.26 15.03 (Percent) 14.79 14.56 14.43 14.31 14.32 14.30 13/14 14/15 15/16 16/17 17/18 18/19 19/20 507,480 513,275 519,708 525,224 355,767 362,011 367,349 372,881 127,674 127,410 127,964 128,483 990,921 1,002,696 1,015,021 1,026,588 * Excludes intraregional trade. World Barley Supply and Utilization 09/10 10/11 11/12 12/13 55,246 53,452 53,670 54,433 (Thousand Hectares) 54,585 54,558 54,588 54,657 54,630 54,685 54,623 2.70 2.63 2.64 2.66 (Metric Tons per Hectare) 2.67 2.69 2.71 2.73 2.75 2.76 2.78 Production Beginning Stocks Domestic Supply 149,183 29,297 178,480 140,631 31,261 171,892 141,583 28,754 170,337 144,573 26,175 170,748 (Thousand Metric Tons) 145,859 147,003 148,135 24,866 24,732 24,837 170,724 171,736 172,972 149,128 24,966 174,094 150,012 25,233 175,245 151,063 25,314 176,378 151,964 25,450 177,414 Feed Use Food and Other Ending Stocks Domestic Use 102,659 44,560 31,261 178,480 97,028 46,111 28,754 171,892 97,551 46,611 26,175 170,337 97,877 48,006 24,866 170,748 97,811 48,182 24,732 170,725 98,288 48,611 24,837 171,736 98,973 49,033 24,966 172,972 99,407 49,454 25,233 174,095 100,063 49,868 25,314 175,246 100,589 50,339 25,450 176,378 100,416 51,548 25,450 177,415 16,686 16,525 16,752 17,528 18,101 18,236 18,529 18,666 18,693 18,818 18,768 21.23 20.09 18.16 17.04 16.94 (Percent) 16.91 16.87 16.95 16.88 16.86 16.75 Area Harvested Yield Trade * Stocks-to-Use Ratio * Excludes intraregional trade. World Coarse Grains: FAPRI 2010 Agricultural Outlook / 191 World Sorghum Supply and Utilization 09/10 10/11 11/12 12/13 41,904 44,091 44,846 1.49 1.52 Production Beginning Stocks Domestic Supply 62,349 4,638 66,987 Feed Use Food and Other Ending Stocks Domestic Use Area Harvested Yield Trade * Stocks-to-Use Ratio * Excludes intraregional trade. 13/14 14/15 15/16 16/17 17/18 18/19 19/20 44,576 (Thousand Hectares) 44,422 44,104 44,058 44,133 44,082 44,031 44,005 1.53 1.54 (Metric Tons per Hectare) 1.54 1.55 1.56 1.57 1.57 1.57 1.58 66,914 4,754 71,668 68,566 5,146 73,713 68,681 5,259 73,940 (Thousand Metric Tons) 68,507 68,303 68,631 5,277 5,288 5,296 73,784 73,591 73,926 69,088 5,288 74,376 69,130 5,323 74,453 69,071 5,345 74,416 69,631 5,370 75,001 24,911 37,322 4,754 66,987 25,853 40,669 5,146 71,668 26,169 42,286 5,259 73,713 26,020 42,644 5,277 73,940 25,907 42,590 5,288 73,784 25,854 42,442 5,296 73,591 25,795 42,843 5,288 73,927 25,745 43,308 5,323 74,377 25,712 43,397 5,345 74,453 25,653 43,393 5,370 74,416 25,574 43,969 5,458 75,001 5,668 4,810 4,728 4,802 4,889 4,957 4,964 4,991 5,109 5,216 5,013 7.64 7.74 7.68 7.68 7.72 (Percent) 7.75 7.70 7.71 7.73 7.78 7.85 192 / World Coarse Grains: FAPRI 2010 Agricultural Outlook U.S. Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 32,225 33,314 33,584 10.37 10.03 Production Beginning Stocks Domestic Supply 334,052 42,504 376,556 Feed Use Food and Other Ending Stocks Domestic Use Corn Area Harvested Yield Net Trade Sorghum Area Harvested Yield Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 33,530 (Thousand Hectares) 33,694 33,822 33,868 33,877 33,877 33,924 33,816 10.16 10.29 (Metric Tons per Hectare) 10.43 10.56 10.70 10.85 10.98 11.11 11.23 333,998 43,778 377,785 341,330 40,664 381,995 345,085 40,342 385,427 (Thousand Metric Tons) 351,346 357,259 362,464 39,608 39,233 39,021 390,953 396,492 401,485 367,508 38,652 406,160 372,035 38,924 410,959 376,889 38,803 415,692 379,799 39,157 418,957 139,868 141,084 43,778 324,731 133,965 152,159 40,664 326,789 135,417 154,444 40,342 330,203 135,987 156,468 39,608 332,063 136,584 160,118 39,233 335,935 136,924 165,182 39,021 341,127 137,289 168,982 38,652 344,924 138,377 171,455 38,924 348,755 138,755 174,211 38,803 351,769 139,681 176,205 39,157 355,043 140,330 176,998 39,809 357,138 51,826 50,996 51,791 53,364 55,019 55,365 56,561 57,406 59,190 60,649 61,819 2,234 2,518 2,457 2,394 (Thousand Hectares) 2,368 2,346 2,324 2,303 2,289 2,278 2,248 4.35 4.03 4.04 4.04 (Metric Tons per Hectare) 4.05 4.06 4.07 4.08 4.09 4.09 4.10 9,728 1,390 11,118 10,138 1,390 11,528 9,922 1,461 11,383 9,674 1,466 11,140 (Thousand Metric Tons) 9,586 9,516 9,454 1,431 1,414 1,406 11,018 10,929 10,860 9,400 1,392 10,792 9,360 1,397 10,757 9,327 1,397 10,724 9,211 1,404 10,615 3,783 2,388 1,390 7,560 3,992 2,570 1,461 8,023 3,970 2,703 1,466 8,139 3,770 2,766 1,431 7,968 3,600 2,819 1,414 7,832 3,469 2,907 1,406 7,783 3,312 2,976 1,392 7,680 3,136 3,017 1,397 7,550 2,976 3,050 1,397 7,424 2,781 3,060 1,404 7,245 2,809 3,093 1,441 7,344 3,558 3,505 3,245 3,173 3,185 3,147 3,180 3,242 3,333 3,479 3,272 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 193 U.S. Coarse Grain Supply and Utilization (continued) 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,260 1,291 1,203 1,211 (Thousand Hectares) 1,204 1,189 1,170 1,148 1,128 1,109 1,089 3.93 3.62 3.66 3.69 (Metric Tons per Hectare) 3.72 3.75 3.79 3.82 3.85 3.89 3.92 Production Beginning Stocks Domestic Supply 4,949 1,932 6,881 4,673 2,478 7,151 4,399 2,175 6,574 4,468 1,940 6,408 (Thousand Metric Tons) 4,482 4,463 4,429 1,912 1,911 1,915 6,393 6,374 6,344 4,385 1,916 6,300 4,348 1,926 6,274 4,313 1,932 6,245 4,273 1,941 6,214 Feed Use Food and Other Ending Stocks Domestic Use 1,125 3,713 2,478 7,316 1,120 3,763 2,175 7,058 919 3,760 1,940 6,619 881 3,751 1,912 6,543 863 3,762 1,911 6,537 840 3,761 1,915 6,516 804 3,752 1,916 6,472 756 3,757 1,926 6,439 712 3,766 1,932 6,410 672 3,773 1,941 6,386 633 3,778 1,960 6,371 -435 93 -45 -135 -143 -141 -127 -138 -135 -140 -157 Barley Area Harvested Yield Actual Net Trade 14/15 194 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Algerian Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 1 1 1 1 1 1 1 1 1 Yield 1.00 1.01 1.01 1.02 (Metric Tons per Hectare) 1.02 1.02 1.02 1.02 1.02 1.02 1.03 Production Beginning Stocks Domestic Supply 1 313 314 1 314 315 1 314 315 1 316 317 (Thousand Metric Tons) 1 1 1 318 321 322 319 322 323 1 323 324 1 324 326 1 325 326 1 326 327 2,100 0 314 2,414 2,082 0 314 2,395 2,103 0 316 2,419 2,109 0 318 2,427 2,120 0 321 2,440 2,127 0 322 2,450 2,134 0 323 2,458 2,140 0 324 2,465 2,143 0 325 2,468 2,148 0 326 2,474 2,158 0 327 2,485 -2,100 -2,080 -2,104 -2,111 -2,121 -2,128 -2,134 -2,140 -2,143 -2,148 -2,158 1,100 817 765 770 761 762 761 762 763 1.82 1.10 1.11 1.12 (Metric Tons per Hectare) 1.14 1.15 1.16 1.17 1.18 1.19 1.20 Production Beginning Stocks Domestic Supply 2,000 234 2,234 901 884 1,785 852 683 1,535 865 572 1,437 (Thousand Metric Tons) 865 872 881 540 541 549 1,404 1,413 1,430 890 571 1,461 897 617 1,514 907 576 1,483 916 574 1,490 Feed Use Food and Other Ending Stocks Domestic Use 1,200 150 884 2,234 938 152 683 1,774 904 154 572 1,630 922 159 540 1,621 925 162 541 1,628 925 165 549 1,639 923 167 571 1,661 925 170 617 1,711 926 172 576 1,675 924 175 574 1,673 919 176 570 1,665 0 11 -96 -183 -224 -226 -232 -250 -161 -190 -176 Corn Area Harvested Feed Use Food and Other Ending Stocks Domestic Use Net Trade Barley Area Harvested Yield Net Trade 13/14 14/15 (Thousand Hectares) 1 1 (Thousand Hectares) 762 760 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 195 Argentine Coarse Grain Supply and Utilization Corn Area Harvested Yield Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade Sorghum Area Harvested 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 2,000 2,452 2,608 2,688 (Thousand Hectares) 2,726 2,800 2,803 2,819 2,824 2,839 2,852 7.50 7.20 7.30 7.39 (Metric Tons per Hectare) 7.47 7.56 7.66 7.76 7.83 7.89 7.97 (Thousand Metric Tons) 20,371 21,171 21,465 1,783 1,797 1,807 22,154 22,968 23,272 21,885 1,815 23,700 22,098 1,831 23,929 22,402 1,839 24,241 22,723 1,845 24,568 15,000 410 15,410 17,656 1,535 19,191 19,026 1,727 20,753 19,865 1,764 21,629 4,000 1,900 1,535 7,435 4,319 1,958 1,727 8,003 4,433 1,985 1,764 8,182 4,690 2,018 1,783 8,491 4,557 2,049 1,797 8,403 4,658 2,075 1,807 8,540 4,603 2,102 1,815 8,520 4,733 2,138 1,831 8,702 4,888 2,162 1,839 8,888 5,063 2,187 1,845 9,095 5,279 2,215 1,856 9,350 7,975 11,188 12,572 13,137 13,751 14,428 14,752 14,998 15,041 15,146 15,217 700 627 637 639 (Thousand Hectares) 638 638 637 636 637 638 634 5.00 5.04 5.07 5.15 4.71 4.73 4.76 4.80 (Metric Tons per Hectare) 4.82 4.89 4.95 Production Beginning Stocks Domestic Supply 3,300 105 3,405 2,966 705 3,671 3,033 841 3,874 3,068 875 3,943 (Thousand Metric Tons) 3,079 3,119 3,152 887 894 899 3,966 4,013 4,050 3,179 902 4,081 3,212 906 4,118 3,235 908 4,144 3,267 909 4,176 Feed Use Food and Other Ending Stocks Domestic Use 1,500 200 705 2,405 2,104 201 841 3,145 2,069 202 875 3,146 2,075 204 887 3,166 2,051 205 894 3,150 2,055 206 899 3,159 2,064 206 902 3,172 2,083 207 906 3,196 2,102 207 908 3,217 2,126 207 909 3,242 2,150 207 914 3,271 1,000 526 727 777 817 854 879 885 901 901 906 Barley Area Harvested 500 469 468 475 468 470 469 470 470 Yield 3.20 3.25 3.29 3.34 (Metric Tons per Hectare) 3.39 3.44 3.48 3.53 3.58 3.62 3.67 (Thousand Metric Tons) 1,587 1,606 1,631 145 147 148 1,732 1,753 1,778 1,658 147 1,805 1,678 149 1,826 1,703 149 1,852 1,727 150 1,877 Yield Net Trade Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade (Thousand Hectares) 468 468 1,600 142 1,742 1,523 142 1,665 1,541 144 1,685 1,586 141 1,727 250 450 142 842 238 462 144 844 231 457 141 829 232 472 145 848 233 478 147 858 235 482 148 864 237 484 147 869 241 490 149 880 246 494 149 889 252 497 150 898 257 496 149 901 900 821 856 879 874 889 910 925 937 954 976 196 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Australian Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 65 65 67 66 66 66 66 66 66 Yield 5.38 5.48 5.57 5.65 (Metric Tons per Hectare) 5.68 5.73 5.81 5.89 5.96 6.01 6.06 Production Beginning Stocks Domestic Supply 350 31 381 357 46 403 371 38 410 375 37 412 (Thousand Metric Tons) 378 381 386 36 36 36 414 418 423 391 36 427 395 36 431 398 37 435 401 37 437 Feed Use Food and Other Ending Stocks Domestic Use 200 125 46 371 234 125 38 397 248 127 37 411 257 129 36 423 267 131 36 434 273 133 36 442 279 135 36 450 285 137 36 459 290 139 37 466 294 142 37 473 298 144 37 479 10 6 -2 -10 -20 -25 -28 -31 -35 -38 -41 Sorghum Area Harvested 630 733 748 748 761 763 763 766 768 Yield 2.94 2.96 3.02 3.11 (Metric Tons per Hectare) 3.21 3.28 3.27 3.25 3.28 3.30 3.34 1,850 139 1,989 2,172 84 2,256 2,255 94 2,349 2,326 98 2,423 (Thousand Metric Tons) 2,411 2,485 2,487 99 100 101 2,511 2,585 2,588 2,478 101 2,579 2,505 102 2,607 2,529 103 2,632 2,565 103 2,668 900 5 84 989 1,482 5 94 1,581 1,561 5 98 1,664 1,587 5 99 1,691 1,619 5 100 1,724 1,655 5 101 1,761 1,690 5 101 1,797 1,724 5 102 1,831 1,752 5 103 1,859 1,774 5 103 1,882 1,800 5 104 1,909 1,000 676 685 732 786 825 791 748 748 750 759 4,500 4,378 4,459 4,487 (Thousand Hectares) 4,459 4,466 4,466 4,474 4,475 4,479 4,480 1.84 1.64 1.66 1.68 (Metric Tons per Hectare) 1.69 1.71 1.73 1.74 1.76 1.78 1.80 8,300 2,597 10,897 7,190 2,797 9,987 7,398 2,856 10,254 7,522 2,953 10,475 (Thousand Metric Tons) 7,550 7,639 7,714 2,870 2,882 2,888 10,420 10,521 10,602 7,804 2,890 10,694 7,882 2,897 10,779 7,966 2,903 10,870 8,044 2,909 10,953 3,200 1,100 2,797 7,097 3,288 1,114 2,856 7,257 3,351 1,121 2,953 7,426 3,411 1,140 2,870 7,421 3,490 1,157 2,882 7,529 3,568 1,171 2,888 7,627 3,642 1,182 2,890 7,714 3,714 1,195 2,897 7,806 3,775 1,208 2,903 7,887 3,826 1,222 2,909 7,956 3,850 1,230 2,910 7,990 3,800 2,729 2,828 3,055 2,890 2,894 2,888 2,889 2,892 2,914 2,963 Corn Area Harvested Net Trade Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade Barley Area Harvested Yield Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade 13/14 14/15 (Thousand Hectares) 67 67 (Thousand Hectares) 752 757 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 197 Brazilian Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 13,182 13,369 13,732 13,930 (Thousand Hectares) 14,035 14,123 14,200 14,238 14,227 14,274 14,273 3.83 3.80 3.87 3.90 (Metric Tons per Hectare) 3.94 4.00 4.06 4.12 4.17 4.24 4.30 Production Beginning Stocks Domestic Supply 50,488 10,613 61,101 50,823 6,851 57,674 53,186 6,643 59,829 54,284 6,621 60,905 (Thousand Metric Tons) 55,353 56,506 57,694 6,613 6,606 6,601 61,966 63,112 64,295 58,698 6,596 65,294 59,270 6,599 65,868 60,564 6,597 67,161 61,410 6,600 68,010 Feed Use Food and Other Ending Stocks Domestic Use 37,473 9,027 6,851 53,351 38,612 9,162 6,643 54,416 39,634 9,312 6,621 55,567 40,442 9,463 6,613 56,518 41,344 9,617 6,606 57,567 42,180 9,769 6,601 58,550 42,972 9,923 6,596 59,491 43,876 10,094 6,599 60,569 44,647 10,258 6,597 61,502 45,674 10,432 6,600 62,705 46,728 10,623 6,608 63,959 7,750 3,258 4,262 4,388 4,400 4,562 4,804 4,725 4,367 4,456 4,051 78 78 76 76 78 78 79 79 80 Yield 2.60 2.65 2.70 2.75 (Metric Tons per Hectare) 2.80 2.85 2.89 2.94 2.99 3.04 3.09 Production Beginning Stocks Domestic Supply 202 0 202 207 0 207 206 0 206 210 0 210 (Thousand Metric Tons) 214 219 225 0 0 0 214 219 225 231 0 231 236 0 236 241 0 241 247 0 247 Feed Use Food and Other Ending Stocks Domestic Use 0 452 0 452 0 651 0 651 0 642 0 642 0 666 0 666 0 680 0 680 0 689 0 689 0 694 0 694 0 707 0 707 0 717 0 717 0 729 0 729 0 732 0 732 -250 -444 -436 -457 -466 -470 -469 -476 -481 -488 -485 Corn Area Harvested Yield Net Trade Barley Area Harvested Net Trade 13/14 14/15 (Thousand Hectares) 76 77 198 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Canadian Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,400 1,222 1,251 1,268 (Thousand Hectares) 1,270 1,296 1,301 1,312 1,314 1,310 1,322 6.83 8.65 8.74 8.76 (Metric Tons per Hectare) 8.75 8.75 8.76 8.83 8.93 9.01 9.08 Production Beginning Stocks Domestic Supply 9,560 1,857 11,417 10,580 1,317 11,897 10,932 1,438 12,371 11,100 1,466 12,566 (Thousand Metric Tons) 11,109 11,346 11,392 1,481 1,486 1,484 12,590 12,832 12,876 11,582 1,475 13,057 11,731 1,479 13,209 11,800 1,486 13,286 12,001 1,494 13,495 Feed Use Food and Other Ending Stocks Domestic Use 7,500 4,300 1,317 13,117 7,312 4,538 1,438 13,289 7,366 4,700 1,466 13,532 7,455 4,805 1,481 13,741 7,532 4,922 1,486 13,940 7,601 5,035 1,484 14,119 7,592 5,151 1,475 14,218 7,630 5,300 1,479 14,409 7,629 5,480 1,486 14,595 7,706 5,664 1,494 14,864 7,845 5,855 1,505 15,205 -1,700 -1,392 -1,162 -1,174 -1,351 -1,287 -1,342 -1,352 -1,385 -1,578 -1,711 2,920 3,105 3,252 3,448 (Thousand Hectares) 3,490 3,525 3,519 3,569 3,579 3,583 3,596 3.26 3.20 3.24 3.27 (Metric Tons per Hectare) 3.30 3.33 3.36 3.37 3.38 3.39 3.40 Production Beginning Stocks Domestic Supply 9,520 2,843 12,363 9,946 2,463 12,409 10,519 2,321 12,840 11,260 2,266 13,526 (Thousand Metric Tons) 11,506 11,733 11,821 2,317 2,349 2,342 13,822 14,082 14,164 12,027 2,312 14,339 12,101 2,325 14,426 12,153 2,339 14,492 12,239 2,351 14,590 Feed Use Food and Other Ending Stocks Domestic Use 7,100 1,350 2,463 10,913 6,943 1,441 2,321 10,705 7,105 1,434 2,266 10,805 7,172 1,480 2,317 10,968 7,240 1,496 2,349 11,085 7,245 1,504 2,342 11,091 7,254 1,504 2,312 11,070 7,297 1,520 2,325 11,142 7,289 1,535 2,339 11,163 7,308 1,548 2,351 11,207 7,344 1,549 2,346 11,240 1,450 1,704 2,035 2,559 2,738 2,991 3,094 3,197 3,263 3,285 3,350 Corn Area Harvested Yield Net Trade Barley Area Harvested Yield Net Trade 14/15 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 199 Chinese Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 30,000 29,069 29,245 29,525 (Thousand Hectares) 29,665 29,806 29,965 30,054 30,121 30,210 30,372 5.17 5.47 5.58 5.67 (Metric Tons per Hectare) 5.74 5.84 5.90 5.99 6.10 6.16 6.19 Production Beginning Stocks Domestic Supply 155,000 53,169 208,169 159,100 48,719 207,819 163,171 47,773 210,944 167,535 48,056 215,591 (Thousand Metric Tons) 170,391 174,065 176,655 48,375 48,329 48,627 218,766 222,394 225,282 180,138 48,508 228,646 183,757 48,466 232,223 185,980 48,854 234,834 188,056 49,723 237,779 Feed Use Food and Other Ending Stocks Domestic Use 116,000 43,000 48,719 207,719 113,761 45,961 47,773 207,496 117,206 46,356 48,056 211,618 120,657 47,665 48,375 216,697 123,527 48,619 48,329 220,475 126,472 49,327 48,627 224,427 128,885 50,013 48,508 227,406 131,599 50,749 48,466 230,813 134,247 51,713 48,854 234,813 135,627 52,536 49,723 237,886 137,984 53,392 49,823 241,199 450 323 -674 -1,106 -1,708 -2,033 -2,124 -2,167 -2,591 -3,052 -3,420 Barley Area Harvested 800 833 842 857 853 857 859 861 864 Yield 3.88 3.93 3.99 4.05 (Metric Tons per Hectare) 4.11 4.17 4.22 4.28 4.34 4.40 4.46 Production Beginning Stocks Domestic Supply 3,100 430 3,530 3,277 510 3,787 3,363 523 3,886 3,470 523 3,993 (Thousand Metric Tons) 3,473 3,535 3,602 535 542 547 4,008 4,077 4,149 3,672 550 4,222 3,727 554 4,281 3,790 557 4,347 3,853 560 4,413 Feed Use Food and Other Ending Stocks Domestic Use 300 4,200 510 5,010 236 4,425 523 5,185 224 4,581 523 5,329 263 4,909 535 5,707 244 5,057 542 5,842 236 5,268 547 6,051 216 5,469 550 6,235 215 5,574 554 6,343 198 5,685 557 6,440 193 5,768 560 6,521 179 5,864 562 6,605 -1,480 -1,398 -1,443 -1,714 -1,834 -1,974 -2,086 -2,121 -2,159 -2,174 -2,192 14/15 15/16 16/17 17/18 18/19 19/20 Corn Area Harvested Yield Net Trade Net Trade 13/14 14/15 (Thousand Hectares) 846 849 Egyptian Coarse Grain Supply and Utilization Corn Area Harvested Yield Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 735 731 731 730 8.57 8.71 8.74 13/14 (Thousand Hectares) 726 723 722 716 717 717 720 8.77 (Metric Tons per Hectare) 8.86 8.94 8.93 8.91 8.85 8.93 9.01 (Thousand Metric Tons) 6,430 6,469 6,444 742 746 749 7,173 7,215 7,194 6,377 751 7,128 6,339 754 7,093 6,402 756 7,158 6,490 758 7,249 6,300 1,262 7,562 6,368 862 7,230 6,392 728 7,120 6,408 738 7,146 8,600 2,300 862 11,762 8,414 2,186 728 11,328 8,796 2,182 738 11,715 9,166 2,153 742 12,062 9,453 2,164 746 12,363 9,689 2,168 749 12,606 9,996 2,170 751 12,917 10,145 2,178 754 13,077 10,431 2,174 756 13,361 10,745 2,176 758 13,679 10,905 2,180 763 13,847 -4,200 -4,099 -4,595 -4,916 -5,190 -5,391 -5,723 -5,949 -6,268 -6,521 -6,599 200 / World Coarse Grains: FAPRI 2010 Agricultural Outlook European Union Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 8,519 8,493 8,484 8,577 (Thousand Hectares) 8,706 8,807 8,844 8,874 8,906 8,924 8,963 6.59 6.71 6.83 6.86 (Metric Tons per Hectare) 6.93 6.99 7.05 7.08 7.10 7.11 7.13 Production Beginning Stocks Domestic Supply 56,126 6,113 62,239 56,951 3,239 60,190 57,973 3,449 61,421 58,853 3,421 62,275 (Thousand Metric Tons) 60,309 61,520 62,392 3,460 3,503 3,560 63,769 65,023 65,952 62,848 3,597 66,446 63,243 3,616 66,859 63,459 3,634 67,093 63,875 3,679 67,554 Feed Use Food and Other Ending Stocks Domestic Use 45,000 15,000 3,239 63,239 43,470 14,100 3,449 61,019 44,892 14,114 3,421 62,428 45,377 14,500 3,460 63,337 46,215 15,057 3,503 64,775 47,226 15,220 3,560 66,005 48,195 15,305 3,597 67,097 48,639 15,385 3,616 67,640 49,024 15,428 3,634 68,086 49,186 15,439 3,679 68,304 49,590 15,394 3,744 68,728 -1,000 -829 -1,006 -1,062 -1,006 -982 -1,145 -1,194 -1,227 -1,211 -1,173 14,058 13,097 12,879 13,010 (Thousand Hectares) 13,092 13,186 13,253 13,232 13,271 13,310 13,382 4.41 4.43 4.44 4.46 (Metric Tons per Hectare) 4.48 4.50 4.52 4.53 4.55 4.57 4.59 Production Beginning Stocks Domestic Supply 61,965 10,366 72,331 57,965 11,481 69,446 57,237 9,758 66,995 58,053 7,363 65,417 (Thousand Metric Tons) 58,656 59,312 59,850 5,432 4,923 4,910 64,088 64,235 64,760 59,997 4,995 64,991 60,411 5,070 65,480 60,826 5,088 65,914 61,398 5,127 66,525 Feed Use Food and Other Ending Stocks Domestic Use 43,000 16,000 11,481 70,481 40,273 16,880 9,758 66,912 40,133 17,143 7,363 64,639 40,216 17,726 5,432 63,375 39,459 17,508 4,923 61,890 39,717 17,532 4,910 62,159 39,984 17,616 4,995 62,595 40,078 17,692 5,070 62,839 40,491 17,787 5,088 63,366 40,720 17,963 5,127 63,810 40,401 18,971 5,094 64,467 1,850 2,533 2,357 2,042 2,198 2,076 2,165 2,152 2,114 2,104 2,058 Corn Area Harvested Yield Net Trade Barley Area Harvested Yield Net Trade 14/15 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 201 Indian Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 8,400 8,337 8,437 8,396 (Thousand Hectares) 8,354 8,315 8,272 8,311 8,357 8,407 8,449 2.20 2.21 2.22 2.24 (Metric Tons per Hectare) 2.24 2.24 2.25 2.28 2.28 2.29 2.32 Production Beginning Stocks Domestic Supply 18,500 946 19,446 18,435 951 19,386 18,770 971 19,742 18,825 992 19,817 (Thousand Metric Tons) 18,737 18,623 18,653 1,009 1,021 1,032 19,746 19,644 19,685 18,908 1,042 19,950 19,068 1,055 20,123 19,233 1,067 20,299 19,588 1,079 20,666 Feed Use Food and Other Ending Stocks Domestic Use 7,500 10,000 951 18,451 7,910 9,832 971 18,713 8,106 10,027 992 19,125 8,262 10,155 1,009 19,427 8,385 10,274 1,021 19,680 8,507 10,404 1,032 19,944 8,636 10,509 1,042 20,186 8,806 10,641 1,055 20,503 8,963 10,764 1,067 20,794 9,137 10,892 1,079 21,108 9,322 11,027 1,093 21,442 995 672 617 391 66 -300 -501 -553 -671 -808 -775 7,800 8,075 8,444 8,520 (Thousand Hectares) 8,562 8,547 8,551 8,568 8,566 8,583 8,614 0.93 (Metric Tons per Hectare) 0.93 0.94 0.95 0.96 0.97 0.98 0.98 8,229 194 8,423 8,320 196 8,516 8,387 198 8,584 8,409 199 8,608 Corn Area Harvested Yield Net Trade Sorghum Area Harvested Yield 0.77 0.91 0.92 14/15 Production Beginning Stocks Domestic Supply 6,000 247 6,247 7,343 122 7,465 7,737 171 7,908 7,890 185 8,075 (Thousand Metric Tons) 7,949 8,039 8,146 189 191 193 8,138 8,231 8,339 Feed Use Food and Other Ending Stocks Domestic Use 1,500 4,600 122 6,222 1,421 5,839 171 7,431 1,441 6,283 185 7,909 1,462 6,374 189 8,025 1,480 6,442 191 8,113 1,498 6,483 193 8,173 1,516 6,590 194 8,301 1,537 6,650 196 8,383 1,560 6,709 198 8,467 1,583 6,792 199 8,574 1,607 6,816 202 8,624 25 34 0 49 25 57 39 40 49 11 -16 14/15 Net Trade Indonesian Coarse Grain Supply and Utilization Corn Area Harvested Yield 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 3,250 3,266 3,271 3,311 (Thousand Hectares) 3,375 3,393 3,397 3,449 3,443 3,454 3,471 2.45 (Metric Tons per Hectare) 2.45 2.47 2.49 2.49 2.51 2.51 2.54 (Thousand Metric Tons) 8,286 8,375 8,443 1,046 1,050 1,057 9,332 9,425 9,500 8,585 1,063 9,647 8,627 1,072 9,699 8,657 1,080 9,736 8,814 1,088 9,901 2.77 2.39 2.41 Production Beginning Stocks Domestic Supply 9,000 1,318 10,318 7,808 1,218 9,026 7,897 1,066 8,964 8,099 1,043 9,143 Feed Use Food and Other Ending Stocks Domestic Use 4,500 4,600 1,218 10,318 4,310 4,323 1,066 9,699 4,422 4,331 1,043 9,797 4,518 4,346 1,046 9,910 4,590 4,368 1,050 10,008 4,657 4,388 1,057 10,102 4,727 4,414 1,063 10,204 4,808 4,487 1,072 10,367 4,881 4,485 1,080 10,446 4,940 4,516 1,088 10,544 5,022 4,560 1,098 10,680 0 -673 -833 -767 -676 -676 -705 -720 -747 -807 -778 Net Trade 202 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Israeli Coarse Grain Supply and Utilization Corn Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade Sorghum Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade Barley Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 0 87 87 0 87 87 0 84 84 0 86 86 900 100 87 1,087 1,058 99 84 1,241 1,068 103 86 1,257 1,069 105 89 1,262 1,071 107 90 1,268 -1,000 -1,154 -1,173 -1,176 0 2 2 0 2 2 0 2 2 70 5 2 77 70 5 2 77 -75 14/15 15/16 16/17 17/18 18/19 19/20 0 90 90 0 90 90 0 91 91 0 91 91 0 92 92 1,072 108 90 1,270 1,073 110 90 1,273 1,076 112 91 1,280 1,078 114 91 1,284 1,082 116 92 1,290 1,087 119 94 1,300 -1,179 -1,180 -1,183 -1,190 -1,193 -1,199 -1,208 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 68 5 2 75 67 5 2 75 66 5 2 73 66 5 2 73 65 5 2 72 63 5 2 71 62 5 2 70 61 5 2 68 61 5 3 69 -75 -73 -73 -71 -71 -69 -68 -67 -66 -67 0 60 60 0 50 50 0 50 50 0 49 49 0 52 52 0 53 53 0 53 53 0 52 52 0 52 52 0 53 53 0 53 53 325 10 50 385 331 10 50 392 321 10 49 381 332 11 52 395 333 11 53 396 333 11 53 396 330 11 52 394 331 11 52 395 331 11 53 395 331 12 53 395 326 12 52 390 -325 -342 -330 -346 -344 -343 -341 -343 -343 -343 -338 (Thousand Metric Tons) 0 0 89 90 89 90 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 203 Japanese Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1 1,298 1,299 1 1,299 1,300 1 1,299 1,300 1 1,291 1,292 (Thousand Metric Tons) 1 1 1 1,301 1,307 1,303 1,302 1,308 1,304 1 1,302 1,303 1 1,316 1,317 1 1,314 1,315 1 1,334 1,335 11,700 4,600 1,299 17,599 11,986 4,651 1,299 17,936 12,812 4,635 1,291 18,737 13,224 4,621 1,301 19,146 13,437 4,609 1,307 19,354 13,548 4,579 1,303 19,430 13,514 4,556 1,302 19,372 13,450 4,543 1,316 19,308 13,586 4,523 1,314 19,423 13,585 4,513 1,334 19,432 13,665 4,511 1,355 19,532 -16,300 -16,636 -17,437 -17,854 -18,052 -18,123 -18,068 -18,005 -18,107 -18,117 -18,197 0 118 118 0 118 118 0 119 119 0 119 119 0 120 120 0 120 120 0 120 120 0 119 119 0 120 120 0 120 120 0 121 121 1,500 0 118 1,618 1,480 0 119 1,599 1,573 0 119 1,692 1,631 0 120 1,751 1,657 0 120 1,777 1,661 0 120 1,781 1,651 0 119 1,770 1,641 0 120 1,761 1,635 0 120 1,755 1,634 0 121 1,755 1,652 0 123 1,775 -1,500 -1,481 -1,573 -1,632 -1,657 -1,661 -1,651 -1,642 -1,635 -1,635 -1,654 55 49 48 50 48 49 49 49 49 Yield 3.45 3.48 3.50 3.52 (Metric Tons per Hectare) 3.54 3.56 3.58 3.60 3.62 3.64 3.66 Production Beginning Stocks Domestic Supply 190 399 589 169 439 608 168 460 628 176 441 617 (Thousand Metric Tons) 171 171 173 459 464 462 630 635 635 176 457 634 177 462 639 179 464 643 180 467 646 1,250 300 439 1,989 1,234 299 460 1,992 1,281 295 441 2,016 1,346 299 459 2,105 1,370 299 464 2,132 1,375 298 462 2,134 1,364 296 457 2,117 1,355 296 462 2,113 1,350 295 464 2,109 1,349 294 467 2,109 1,339 291 464 2,095 -1,400 -1,385 -1,388 -1,488 -1,502 -1,500 -1,482 -1,479 -1,470 -1,467 -1,448 14/15 15/16 16/17 17/18 18/19 19/20 29 29 29 28 28 Corn Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade Sorghum Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade Barley Area Harvested Feed Use Food and Other Ending Stocks Domestic Use Net Trade 14/15 (Thousand Hectares) 48 48 Malaysian Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 28 29 30 30 Yield 3.57 3.57 3.55 3.55 (Metric Tons per Hectare) 3.53 3.52 3.49 3.48 3.49 3.50 3.52 Production Beginning Stocks Domestic Supply 100 283 383 103 273 376 106 275 380 106 280 386 (Thousand Metric Tons) 105 104 102 285 290 294 390 394 397 101 298 399 100 303 403 99 308 406 98 312 410 2,500 200 273 2,973 2,444 200 275 2,918 2,459 204 280 2,942 2,463 209 285 2,957 2,473 213 290 2,975 2,481 217 294 2,993 2,491 221 298 3,011 2,506 226 303 3,035 2,515 231 308 3,054 2,528 236 312 3,076 2,545 241 318 3,105 -2,590 -2,543 -2,562 -2,571 -2,585 -2,599 -2,614 -2,636 -2,651 -2,670 -2,695 Corn Area Harvested Feed Use Food and Other Ending Stocks Domestic Use Net Trade 13/14 (Thousand Hectares) 30 30 204 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Mexican Coarse Grain Supply and Utilization Corn Area Harvested Yield 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 6,300 6,879 6,916 6,935 (Thousand Hectares) 6,951 6,993 7,007 7,012 6,991 7,031 7,041 3.29 (Metric Tons per Hectare) 3.29 3.30 3.33 3.34 3.36 3.38 3.40 23,386 3,305 26,691 23,474 3,339 26,814 23,735 3,365 27,100 23,929 3,395 27,325 3.49 3.31 3.30 14/15 Production Beginning Stocks Domestic Supply 22,000 3,559 25,559 22,791 2,809 25,600 22,825 3,227 26,053 22,833 3,426 26,259 (Thousand Metric Tons) 22,869 23,094 23,308 3,307 3,298 3,299 26,176 26,392 26,607 Feed Use Food and Other Ending Stocks Domestic Use 16,000 16,200 2,809 35,009 14,800 17,063 3,227 35,090 14,866 17,332 3,426 35,624 14,942 17,760 3,307 36,009 15,022 17,647 3,298 35,966 15,132 18,040 3,299 36,472 15,279 18,153 3,305 36,737 15,432 18,413 3,339 37,185 15,597 18,560 3,365 37,523 15,777 18,760 3,395 37,932 15,933 18,945 3,438 38,316 -9,450 -9,490 -9,571 -9,750 -9,790 -10,080 -10,130 -10,494 -10,709 -10,833 -10,991 1,800 1,791 1,833 1,826 (Thousand Hectares) 1,830 1,833 1,838 1,844 1,842 1,850 1,848 3.71 3.73 3.74 3.78 Net Trade Sorghum Area Harvested 3.56 3.58 3.61 3.64 (Metric Tons per Hectare) 3.65 3.66 3.69 Production Beginning Stocks Domestic Supply 6,400 569 6,969 6,416 469 6,885 6,612 585 7,196 6,637 607 7,244 (Thousand Metric Tons) 6,676 6,717 6,777 613 614 614 7,289 7,331 7,392 6,842 615 7,457 6,863 627 7,490 6,919 636 7,556 6,975 647 7,622 Feed Use Food and Other Ending Stocks Domestic Use 9,000 100 469 9,569 8,853 102 585 9,539 8,959 104 607 9,670 8,933 105 613 9,651 8,944 106 614 9,665 8,978 107 614 9,699 9,030 108 615 9,753 9,102 110 627 9,839 9,182 111 636 9,930 9,268 113 647 10,027 9,037 115 672 9,824 -2,600 -2,654 -2,473 -2,407 -2,375 -2,368 -2,362 -2,382 -2,441 -2,472 -2,202 Barley Area Harvested 310 277 341 321 334 336 335 335 335 Yield 2.52 2.56 2.60 2.64 (Metric Tons per Hectare) 2.68 2.72 2.76 2.80 2.85 2.89 2.93 943 163 1,106 955 164 1,119 968 166 1,134 981 168 1,149 Yield Net Trade Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade (Thousand Hectares) 330 332 781 105 886 710 136 846 887 153 1,040 847 155 1,002 (Thousand Metric Tons) 885 904 923 160 162 163 1,045 1,066 1,086 150 750 136 1,036 153 782 153 1,088 150 779 155 1,083 154 804 160 1,118 155 818 162 1,135 156 828 163 1,147 157 836 163 1,155 158 852 164 1,175 160 867 166 1,193 162 881 168 1,212 163 891 169 1,222 -150 -242 -44 -116 -90 -81 -70 -69 -74 -77 -73 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 205 Nigerian Coarse Grain Supply and Utilization Sorghum Area Harvested Yield 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 7,500 8,492 8,710 8,544 (Thousand Hectares) 8,343 8,073 8,045 8,119 8,094 8,027 8,019 1.66 (Metric Tons per Hectare) 1.65 1.65 1.66 1.66 1.64 1.62 1.66 13,504 271 13,775 13,311 275 13,587 13,023 278 13,300 13,297 277 13,574 1.53 1.58 1.63 14/15 Production Beginning Stocks Domestic Supply 11,500 200 11,700 13,401 200 13,601 14,180 209 14,389 14,179 234 14,413 (Thousand Metric Tons) 13,791 13,308 13,333 255 269 272 14,046 13,577 13,605 Feed Use Food and Other Ending Stocks Domestic Use 150 11,300 200 11,650 154 13,188 209 13,551 164 13,941 234 14,339 173 13,935 255 14,363 179 13,548 269 13,996 180 13,075 272 13,527 180 13,105 271 13,555 181 13,268 275 13,725 182 13,077 278 13,537 181 12,793 277 13,250 183 13,061 280 13,524 50 50 50 50 50 50 50 50 50 50 50 15/16 16/17 17/18 18/19 19/20 Net Trade Other African Coarse Grain Supply and Utilization Corn Area Harvested Yield 09/10 10/11 11/12 12/13 13/14 14/15 24,316 23,597 23,800 23,811 (Thousand Hectares) 23,836 23,961 24,078 24,327 24,572 24,732 24,887 1.46 1.47 1.49 1.50 (Metric Tons per Hectare) 1.51 1.53 1.56 1.58 1.59 1.60 1.63 38,443 2,492 40,935 39,004 2,507 41,511 39,589 2,517 42,107 40,623 2,529 43,152 Production Beginning Stocks Domestic Supply 35,586 2,467 38,053 34,775 3,117 37,892 35,364 2,430 37,794 35,705 2,395 38,100 (Thousand Metric Tons) 36,104 36,715 37,459 2,458 2,570 2,482 38,562 39,284 39,941 Feed Use Food and Other Ending Stocks Domestic Use 5,330 34,261 3,117 42,708 5,038 34,352 2,430 41,820 5,077 34,987 2,395 42,459 5,067 35,982 2,458 43,508 5,078 36,788 2,570 44,435 5,090 37,569 2,482 45,141 5,105 38,397 2,492 45,994 5,118 39,247 2,507 46,872 5,129 40,059 2,517 47,705 5,141 40,907 2,529 48,577 5,164 41,976 2,544 49,684 -4,655 -3,928 -4,665 -5,407 -5,873 -5,857 -6,053 -5,936 -6,194 -6,471 -6,532 4,190 3,943 3,930 3,952 (Thousand Hectares) 3,923 3,919 3,915 3,916 3,909 3,907 3,905 1.10 1.11 1.11 1.12 Net Trade Barley Area Harvested 1.38 1.05 1.05 1.06 (Metric Tons per Hectare) 1.07 1.08 1.09 Production Beginning Stocks Domestic Supply 5,770 389 6,159 4,125 1,324 5,449 4,145 1,046 5,191 4,202 1,012 5,214 (Thousand Metric Tons) 4,205 4,233 4,263 1,028 1,035 1,042 5,233 5,269 5,305 4,297 1,045 5,342 4,323 1,053 5,376 4,354 1,058 5,413 4,385 1,064 5,449 Feed Use Food and Other Ending Stocks Domestic Use 2,920 2,545 1,324 6,789 2,765 2,650 1,046 6,461 2,709 2,678 1,012 6,400 2,673 2,786 1,028 6,486 2,624 2,857 1,035 6,517 2,622 2,928 1,042 6,591 2,727 2,992 1,045 6,764 2,695 3,065 1,053 6,812 2,683 3,137 1,058 6,878 2,676 3,209 1,064 6,949 2,672 3,266 1,067 7,005 -630 -1,012 -1,209 -1,272 -1,284 -1,323 -1,459 -1,470 -1,503 -1,537 -1,556 Yield Net Trade 206 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Other Asian Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 2,035 2,017 2,064 2,053 (Thousand Hectares) 2,057 2,055 2,056 2,053 2,050 2,050 2,047 2.52 2.53 2.54 2.56 (Metric Tons per Hectare) 2.55 2.55 2.56 2.57 2.57 2.56 2.58 Production Beginning Stocks Domestic Supply 5,120 61 5,181 5,098 61 5,159 5,249 61 5,310 5,249 61 5,310 (Thousand Metric Tons) 5,248 5,242 5,257 61 61 61 5,309 5,303 5,318 5,275 61 5,336 5,262 61 5,323 5,243 61 5,304 5,284 61 5,345 Feed Use Food and Other Ending Stocks Domestic Use 1,175 3,895 61 5,131 1,173 3,882 61 5,116 1,174 3,945 61 5,180 1,174 3,974 61 5,209 1,174 4,016 61 5,251 1,174 4,053 61 5,288 1,175 4,097 61 5,333 1,176 4,148 61 5,385 1,176 4,192 61 5,428 1,177 4,241 61 5,479 1,177 4,297 61 5,535 50 43 129 100 59 15 -15 -49 -105 -175 -190 1,088 1,079 1,086 1,113 (Thousand Hectares) 1,085 1,087 1,090 1,097 1,094 1,096 1,098 1.93 1.95 1.97 1.98 (Metric Tons per Hectare) 2.00 2.02 2.03 2.05 2.07 2.08 2.10 Production Beginning Stocks Domestic Supply 2,102 61 2,163 2,102 111 2,213 2,134 111 2,246 2,207 111 2,318 (Thousand Metric Tons) 2,171 2,192 2,218 112 112 112 2,282 2,303 2,330 2,250 112 2,361 2,262 112 2,374 2,285 112 2,397 2,308 113 2,420 Feed Use Food and Other Ending Stocks Domestic Use 180 1,972 111 2,263 181 2,007 111 2,299 178 1,998 111 2,287 181 2,062 112 2,354 181 2,090 112 2,383 181 2,112 112 2,405 180 2,131 112 2,423 180 2,160 112 2,453 180 2,184 112 2,477 180 2,209 113 2,502 179 2,217 113 2,508 -100 -86 -41 -36 -101 -102 -93 -91 -103 -104 -88 Corn Area Harvested Yield Net Trade Barley Area Harvested Yield Net Trade 14/15 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 207 Other Eastern European Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 Corn Area Harvested 575 593 605 602 Yield 5.22 5.24 5.27 Production Beginning Stocks Domestic Supply 3,000 374 3,374 3,105 299 3,404 Feed Use Food and Other Ending Stocks Domestic Use 2,925 470 299 3,694 15/16 16/17 17/18 18/19 19/20 598 597 594 593 590 5.30 (Metric Tons per Hectare) 5.30 5.31 5.34 5.36 5.38 5.40 5.44 3,189 287 3,476 3,189 289 3,477 (Thousand Metric Tons) 3,180 3,177 3,192 292 295 298 3,472 3,472 3,490 3,202 301 3,503 3,196 306 3,502 3,199 310 3,509 3,209 315 3,524 2,906 466 287 3,660 2,994 472 289 3,755 3,074 470 292 3,836 3,144 472 295 3,910 3,209 474 298 3,981 3,266 477 301 4,044 3,294 480 306 4,080 3,290 482 310 4,083 3,287 485 315 4,087 3,280 490 321 4,091 -320 -256 -279 -359 -438 -509 -554 -577 -580 -578 -567 Barley Area Harvested 131 121 117 119 116 116 116 116 116 Yield 3.15 3.17 3.19 3.21 (Metric Tons per Hectare) 3.23 3.25 3.27 3.29 3.31 3.33 3.35 Production Beginning Stocks Domestic Supply 413 103 516 384 106 490 375 108 483 382 108 490 (Thousand Metric Tons) 377 378 380 110 111 111 487 489 491 383 112 495 384 112 496 386 113 499 388 113 501 Feed Use Food and Other Ending Stocks Domestic Use 315 175 106 596 322 176 108 606 324 174 108 606 338 177 110 625 347 179 111 636 354 180 111 645 358 180 112 650 361 182 112 655 360 183 113 656 358 184 113 656 354 184 114 652 -80 -115 -123 -135 -149 -156 -159 -160 -159 -157 -151 Net Trade Net Trade 13/14 14/15 (Thousand Hectares) 600 598 (Thousand Hectares) 117 116 Countries included: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Serbia, Montenegro. 208 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Other CIS Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 Corn Area Harvested 820 828 831 831 Yield 3.62 3.63 3.65 13/14 14/15 15/16 16/17 17/18 18/19 19/20 829 829 828 828 828 3.66 (Metric Tons per Hectare) 3.66 3.66 3.66 3.67 3.67 3.67 3.69 3,044 238 3,283 3,039 242 3,281 3,041 245 3,286 3,052 248 3,300 (Thousand Hectares) 830 830 Production Beginning Stocks Domestic Supply 2,965 382 3,347 3,011 257 3,268 3,034 229 3,263 3,042 226 3,268 (Thousand Metric Tons) 3,037 3,037 3,039 228 232 235 3,265 3,268 3,274 Feed Use Food and Other Ending Stocks Domestic Use 2,705 385 257 3,347 2,652 385 229 3,266 2,677 390 226 3,293 2,706 393 228 3,327 2,747 396 232 3,375 2,789 400 235 3,424 2,832 403 238 3,473 2,877 407 242 3,526 2,922 410 245 3,576 2,969 413 248 3,630 3,021 417 251 3,689 0 2 -30 -59 -110 -155 -199 -243 -295 -344 -389 3,220 3,243 3,237 3,251 (Thousand Hectares) 3,233 3,232 3,232 3,234 3,232 3,232 3,232 1.85 (Metric Tons per Hectare) 1.86 1.87 1.89 1.90 1.91 1.93 1.94 6,146 958 7,104 6,186 961 7,147 6,231 963 7,195 6,276 966 7,242 Net Trade Barley Area Harvested Yield 1.80 1.82 1.83 Production Beginning Stocks Domestic Supply 5,810 666 6,476 5,895 905 6,800 5,929 939 6,869 6,000 942 6,942 (Thousand Metric Tons) 6,011 6,054 6,098 950 954 957 6,961 7,007 7,054 Feed Use Food and Other Ending Stocks Domestic Use 3,769 1,211 905 5,885 3,777 1,228 939 5,944 3,760 1,234 942 5,935 3,804 1,245 950 5,999 3,833 1,253 954 6,040 3,862 1,261 957 6,080 3,882 1,268 958 6,109 3,912 1,276 961 6,150 3,939 1,283 963 6,185 3,966 1,290 966 6,222 3,987 1,296 966 6,249 591 856 934 943 921 927 946 955 961 973 992 Net Trade Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Uzbekistan. World Coarse Grains: FAPRI 2010 Agricultural Outlook / 209 Other Latin American Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 5,209 5,603 5,361 5,384 (Thousand Hectares) 5,391 5,467 5,449 5,425 5,408 5,382 5,358 2.59 2.61 2.63 2.66 (Metric Tons per Hectare) 2.67 2.68 2.69 2.72 2.75 2.77 2.82 Production Beginning Stocks Domestic Supply 13,475 3,396 16,871 14,621 3,341 17,962 14,116 3,346 17,462 14,307 3,175 17,483 (Thousand Metric Tons) 14,378 14,631 14,685 3,410 3,441 3,470 17,788 18,072 18,155 14,736 3,495 18,232 14,849 3,528 18,377 14,913 3,554 18,467 15,125 3,582 18,707 Feed Use Food and Other Ending Stocks Domestic Use 18,285 7,125 3,341 28,751 17,660 7,146 3,346 28,153 17,764 7,304 3,175 28,243 17,843 7,449 3,410 28,702 17,910 7,587 3,441 28,937 17,948 7,709 3,470 29,126 18,000 7,836 3,495 29,332 18,083 7,986 3,528 29,597 18,125 8,109 3,554 29,788 18,191 8,247 3,582 30,020 18,456 8,388 3,615 30,459 -11,880 -10,191 -10,781 -11,220 -11,149 -11,054 -11,177 -11,365 -11,411 -11,553 -11,752 Barley Area Harvested 443 367 423 385 376 375 373 371 369 Yield 1.94 1.94 1.94 1.95 (Metric Tons per Hectare) 1.95 1.96 1.96 1.96 1.97 1.97 1.97 Production Beginning Stocks Domestic Supply 858 85 943 712 66 778 822 62 884 750 60 810 (Thousand Metric Tons) 761 740 736 62 63 64 823 804 801 737 65 802 733 66 799 731 67 797 729 67 796 125 1,152 66 1,343 128 1,057 62 1,247 127 1,051 60 1,238 129 1,085 62 1,275 129 1,107 63 1,299 130 1,126 64 1,320 130 1,143 65 1,337 130 1,165 66 1,361 130 1,185 67 1,381 130 1,205 67 1,403 130 1,220 68 1,418 -400 -469 -354 -465 -476 -517 -537 -559 -582 -605 -621 Corn Area Harvested Yield Net Trade Feed Use Food and Other Ending Stocks Domestic Use Net Trade 14/15 (Thousand Hectares) 390 379 210 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Other Middle Eastern Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 Corn Area Harvested 982 1,001 990 991 Yield 6.09 6.14 6.19 15/16 16/17 17/18 18/19 19/20 980 977 973 970 967 6.22 (Metric Tons per Hectare) 6.26 6.29 6.32 6.35 6.38 6.41 6.45 5,984 3,340 9,324 6,147 2,421 8,568 6,126 2,335 8,460 6,165 2,348 8,513 (Thousand Metric Tons) 6,176 6,184 6,194 2,369 2,485 2,402 8,545 8,669 8,596 6,205 2,416 8,622 6,206 2,433 8,639 6,217 2,447 8,664 6,239 2,460 8,699 12,578 1,950 2,421 16,949 12,579 1,930 2,335 16,843 12,674 1,957 2,348 16,979 12,712 1,992 2,369 17,073 12,759 2,022 2,485 17,266 12,803 2,051 2,402 17,255 12,848 2,081 2,416 17,345 12,899 2,112 2,433 17,444 12,936 2,142 2,447 17,525 12,976 2,172 2,460 17,607 13,022 2,203 2,474 17,699 -7,625 -8,275 -8,519 -8,560 -8,721 -8,586 -8,750 -8,823 -8,885 -8,944 -9,000 5,880 5,888 5,818 5,872 (Thousand Hectares) 5,799 5,790 5,784 5,789 5,779 5,775 5,772 1.64 1.65 1.65 1.66 (Metric Tons per Hectare) 1.67 1.68 1.69 1.69 1.70 1.71 1.72 Production Beginning Stocks Domestic Supply 9,630 1,475 11,105 9,691 1,470 11,161 9,623 1,506 11,129 9,761 1,511 11,272 (Thousand Metric Tons) 9,686 9,719 9,756 1,553 1,574 1,591 11,240 11,293 11,347 9,811 1,603 11,414 9,842 1,621 11,463 9,881 1,635 11,516 9,922 1,648 11,571 Feed Use Food and Other Ending Stocks Domestic Use 11,215 1,530 1,470 14,215 11,240 1,559 1,506 14,305 11,193 1,565 1,511 14,269 11,249 1,608 1,553 14,411 11,254 1,634 1,574 14,462 11,253 1,658 1,591 14,502 11,246 1,681 1,603 14,530 11,252 1,708 1,621 14,582 11,252 1,733 1,635 14,620 11,253 1,758 1,648 14,660 11,238 1,775 1,656 14,669 -3,110 -3,144 -3,140 -3,139 -3,223 -3,209 -3,183 -3,168 -3,158 -3,144 -3,099 Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade Barley Area Harvested Yield Net Trade 13/14 14/15 (Thousand Hectares) 987 984 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 211 Pakistani Coarse Grain Supply and Utilization Corn Area Harvested Yield 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 1,050 1,055 1,078 1,077 (Thousand Hectares) 1,090 1,092 1,092 1,087 1,080 1,075 1,066 2.86 2.90 2.94 2.99 (Metric Tons per Hectare) 3.01 3.02 3.02 3.03 3.02 2.99 3.03 3,296 565 3,861 3,259 565 3,824 3,209 565 3,774 3,228 565 3,793 Production Beginning Stocks Domestic Supply 3,000 555 3,555 3,058 565 3,623 3,173 565 3,738 3,222 565 3,787 (Thousand Metric Tons) 3,275 3,299 3,302 565 565 565 3,840 3,864 3,867 Feed Use Food and Other Ending Stocks Domestic Use 1,500 1,500 565 3,565 1,582 1,487 565 3,633 1,668 1,514 565 3,748 1,699 1,533 565 3,797 1,729 1,556 565 3,850 1,729 1,579 565 3,874 1,707 1,605 565 3,877 1,673 1,633 565 3,871 1,610 1,659 565 3,834 1,531 1,688 565 3,784 1,520 1,718 565 3,803 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 -10 Sorghum Area Harvested 240 270 271 260 251 248 247 244 241 Yield 0.60 0.59 0.57 0.56 (Metric Tons per Hectare) 0.53 0.51 0.49 0.48 0.45 0.42 0.42 Production Beginning Stocks Domestic Supply 145 0 145 160 0 160 154 0 154 146 0 146 (Thousand Metric Tons) 138 129 123 0 0 0 138 129 123 119 0 119 111 0 111 102 0 102 101 0 101 Feed Use Food and Other Ending Stocks Domestic Use 75 70 0 145 98 62 0 160 89 65 0 154 81 65 0 146 72 66 0 138 62 67 0 129 56 68 0 123 50 69 0 119 42 70 0 111 31 71 0 102 27 74 0 101 0 0 0 0 0 0 0 0 0 0 0 160 148 145 149 Net Trade Net Trade Barley Area Harvested Yield 1.66 1.67 1.69 (Thousand Hectares) 260 254 (Thousand Hectares) 145 145 146 147 147 147 148 1.70 (Metric Tons per Hectare) 1.71 1.73 1.74 1.76 1.77 1.79 1.80 (Thousand Metric Tons) 249 251 254 0 0 0 249 251 254 258 0 258 260 0 260 263 0 263 266 0 266 Production Beginning Stocks Domestic Supply 265 0 265 248 0 248 244 0 244 252 0 252 Feed Use Food and Other Ending Stocks Domestic Use 0 265 0 265 0 248 0 248 0 244 0 244 0 252 0 252 0 249 0 249 0 251 0 251 0 254 0 254 0 258 0 258 0 260 0 260 0 263 0 263 0 266 0 266 0 0 0 0 0 0 0 0 0 0 0 Net Trade 212 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Philippine Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 2,655 2,613 2,653 2,653 (Thousand Hectares) 2,649 2,653 2,655 2,661 2,675 2,704 2,701 2.58 2.61 2.65 2.69 (Metric Tons per Hectare) 2.71 2.73 2.76 2.79 2.80 2.79 2.83 Production Beginning Stocks Domestic Supply 6,850 671 7,521 6,831 521 7,352 7,028 514 7,543 7,144 518 7,663 (Thousand Metric Tons) 7,176 7,233 7,317 525 531 536 7,701 7,763 7,854 7,419 542 7,961 7,485 550 8,035 7,533 556 8,089 7,656 563 8,218 Feed Use Food and Other Ending Stocks Domestic Use 5,400 2,000 521 7,921 5,339 1,970 514 7,823 5,478 2,000 518 7,997 5,592 2,045 525 8,162 5,686 2,081 531 8,298 5,762 2,120 536 8,419 5,835 2,152 542 8,529 5,916 2,196 550 8,662 5,978 2,238 556 8,773 6,033 2,280 563 8,876 6,090 2,329 570 8,989 -400 -471 -455 -499 -597 -656 -676 -702 -737 -787 -771 14/15 Corn Area Harvested Yield Net Trade 14/15 Russian Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,300 1,284 1,291 1,288 (Thousand Hectares) 1,287 1,284 1,280 1,276 1,272 1,269 1,264 3.38 3.44 3.49 3.47 (Metric Tons per Hectare) 3.44 3.41 3.37 3.35 3.31 3.26 3.29 Production Beginning Stocks Domestic Supply 4,400 236 4,636 4,414 136 4,550 4,501 135 4,636 4,475 138 4,612 (Thousand Metric Tons) 4,427 4,376 4,313 139 140 142 4,565 4,516 4,455 4,279 143 4,422 4,204 146 4,350 4,139 147 4,286 4,155 149 4,304 Feed Use Food and Other Ending Stocks Domestic Use 4,000 550 136 4,686 4,032 542 135 4,709 3,999 542 138 4,678 3,995 541 139 4,675 3,998 540 140 4,678 4,015 539 142 4,695 4,048 538 143 4,729 4,088 538 146 4,771 4,125 537 147 4,809 4,166 536 149 4,851 4,212 535 152 4,898 -50 -160 -42 -62 -113 -180 -274 -349 -459 -565 -594 9,100 8,785 9,081 9,420 (Thousand Hectares) 9,694 9,572 9,574 9,607 9,598 9,641 9,536 1.98 1.94 1.96 1.98 (Metric Tons per Hectare) 1.98 1.99 2.01 2.03 2.05 2.06 2.08 19,485 3,268 22,753 19,635 3,293 22,928 19,889 3,306 23,196 19,838 3,320 23,159 Corn Area Harvested Yield Net Trade Barley Area Harvested Yield Production Beginning Stocks Domestic Supply 18,000 3,637 21,637 17,078 2,437 19,515 17,811 2,374 20,185 18,639 2,334 20,973 (Thousand Metric Tons) 19,155 19,081 19,251 3,019 3,242 3,266 22,174 22,323 22,517 Feed Use Food and Other Ending Stocks Domestic Use 12,400 4,700 2,437 19,537 11,407 4,650 2,374 18,430 12,089 4,743 2,334 19,166 11,853 4,792 3,019 19,664 12,179 4,793 3,242 20,214 12,276 4,787 3,266 20,329 12,355 4,771 3,268 20,394 12,486 4,767 3,293 20,547 12,596 4,757 3,306 20,659 12,718 4,748 3,320 20,786 12,797 4,727 3,319 20,842 2,100 1,084 1,019 1,309 1,960 1,994 2,123 2,206 2,269 2,410 2,316 Net Trade World Coarse Grains: FAPRI 2010 Agricultural Outlook / 213 Saudi Arabian Coarse Grain Supply and Utilization Barley Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 0 2,298 2,298 0 2,368 2,368 0 2,409 2,409 0 2,502 2,502 (Thousand Metric Tons) 0 0 0 2,450 2,459 2,468 2,450 2,459 2,468 0 2,470 2,470 0 2,484 2,484 0 2,490 2,490 0 2,496 2,496 7,900 30 2,368 10,298 7,507 33 2,409 9,949 7,737 33 2,502 10,273 7,803 37 2,450 10,290 7,943 38 2,459 10,440 7,882 39 2,468 10,389 8,007 40 2,470 10,517 8,052 41 2,484 10,578 8,088 42 2,490 10,621 8,123 43 2,496 10,662 8,134 43 2,495 10,672 -8,000 -7,581 -7,864 -7,787 -7,990 -7,930 -8,050 -8,108 -8,136 -8,172 -8,176 214 / World Coarse Grains: FAPRI 2010 Agricultural Outlook South African Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 3,100 3,278 3,347 3,352 (Thousand Hectares) 3,345 3,375 3,371 3,375 3,449 3,540 3,567 3.71 3.75 3.76 3.80 (Metric Tons per Hectare) 3.82 3.84 3.85 3.88 3.92 3.90 3.94 Production Beginning Stocks Domestic Supply 11,500 3,182 14,682 12,294 3,007 15,301 12,589 3,070 15,659 12,737 3,073 15,810 (Thousand Metric Tons) 12,775 12,945 12,994 3,075 3,080 3,088 15,850 16,024 16,082 13,111 3,098 16,209 13,510 3,119 16,628 13,821 3,131 16,953 14,068 3,148 17,216 Feed Use Food and Other Ending Stocks Domestic Use 4,500 5,700 3,007 13,207 4,356 5,688 3,070 13,114 4,419 5,728 3,073 13,219 4,485 5,691 3,075 13,251 4,527 5,674 3,080 13,280 4,544 5,675 3,088 13,307 4,542 5,693 3,098 13,333 4,526 5,718 3,119 13,362 4,500 5,734 3,131 13,365 4,476 5,754 3,148 13,378 4,457 5,781 3,170 13,409 1,475 2,187 2,440 2,558 2,570 2,718 2,749 2,848 3,263 3,575 3,807 90 90 90 89 Corn Area Harvested Yield Net Trade Sorghum Area Harvested Yield 2.56 2.58 2.61 14/15 (Thousand Hectares) 90 90 90 90 90 90 90 2.65 (Metric Tons per Hectare) 2.66 2.67 2.69 2.72 2.74 2.74 2.78 (Thousand Metric Tons) 239 240 241 51 51 51 290 291 292 244 51 295 246 51 297 246 51 297 250 51 301 Production Beginning Stocks Domestic Supply 230 71 301 232 51 283 235 51 286 235 51 286 Feed Use Food and Other Ending Stocks Domestic Use 25 190 51 266 19 193 51 264 20 195 51 266 20 193 51 265 20 194 51 265 20 194 51 266 21 196 51 267 21 197 51 268 20 198 51 269 20 199 51 271 21 202 51 274 35 19 21 21 25 25 25 26 27 26 27 77 76 75 77 76 76 76 76 77 Yield 2.92 2.97 3.02 3.07 (Metric Tons per Hectare) 3.12 3.17 3.22 3.26 3.31 3.36 3.41 Production Beginning Stocks Domestic Supply 225 104 329 227 89 316 226 91 316 236 90 326 (Thousand Metric Tons) 235 239 244 91 91 91 326 330 335 249 91 340 253 91 344 257 91 348 262 91 353 Feed Use Food and Other Ending Stocks Domestic Use 15 300 89 404 16 300 91 407 15 297 90 402 17 297 91 405 17 296 91 404 17 296 91 404 16 296 91 403 17 296 91 404 16 297 91 404 16 297 91 405 15 297 91 403 -75 -91 -85 -79 -78 -73 -68 -64 -60 -56 -50 Net Trade Barley Area Harvested Net Trade (Thousand Hectares) 75 76 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 215 South Korean Coarse Grain Supply and Utilization Corn Area Harvested Yield 09/10 10/11 11/12 12/13 18 18 18 18 4.72 4.77 4.82 13/14 14/15 15/16 16/17 17/18 18/19 19/20 18 18 18 18 18 4.87 (Metric Tons per Hectare) 4.93 5.00 5.08 5.12 5.15 5.17 5.21 92 1,468 1,561 93 1,501 1,594 93 1,542 1,635 94 1,576 1,670 (Thousand Hectares) 18 18 Production Beginning Stocks Domestic Supply 85 1,490 1,575 86 1,375 1,461 87 1,381 1,467 88 1,405 1,493 (Thousand Metric Tons) 89 90 91 1,421 1,430 1,436 1,510 1,520 1,527 Feed Use Food and Other Ending Stocks Domestic Use 6,000 1,700 1,375 9,075 5,690 1,570 1,381 8,641 5,644 1,613 1,405 8,662 5,496 1,614 1,421 8,532 5,458 1,627 1,430 8,516 5,504 1,625 1,436 8,565 5,538 1,629 1,468 8,635 5,534 1,626 1,501 8,662 5,495 1,643 1,542 8,680 5,422 1,645 1,576 8,643 5,345 1,648 1,641 8,633 -7,500 -7,180 -7,195 -7,040 -7,006 -7,045 -7,108 -7,101 -7,086 -7,008 -6,964 15/16 16/17 17/18 18/19 19/20 16 16 16 16 16 Net Trade Taiwanese Coarse Grain Supply and Utilization Corn Area Harvested Yield Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade Barley Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 16 16 15 16 4.94 5.00 5.08 5.14 (Metric Tons per Hectare) 5.20 5.25 5.31 5.32 5.31 5.32 5.41 (Thousand Metric Tons) 84 85 85 760 798 833 844 882 918 85 863 948 84 900 984 83 927 1,010 89 956 1,044 (Thousand Hectares) 16 16 79 673 752 78 652 730 79 668 747 84 710 794 4,550 150 652 5,352 4,045 195 668 4,908 3,643 201 710 4,554 3,323 204 760 4,287 3,234 206 798 4,237 3,303 207 833 4,342 3,394 208 863 4,464 3,464 210 900 4,574 3,495 211 927 4,634 3,471 212 956 4,639 3,442 213 989 4,645 -4,600 -4,178 -3,807 -3,493 -3,393 -3,460 -3,546 -3,627 -3,650 -3,628 -3,600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 30 0 50 20 32 0 52 16 31 0 47 17 33 0 50 17 34 0 51 17 34 0 52 17 34 0 52 18 35 0 53 18 36 0 54 18 36 0 54 17 36 0 53 -50 -52 -47 -50 -51 -52 -52 -53 -54 -54 -53 (Thousand Metric Tons) 0 0 0 0 0 0 216 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Thai Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,010 954 1,003 1,027 (Thousand Hectares) 1,030 1,044 1,053 1,063 1,077 1,088 1,100 4.21 4.14 4.14 4.18 (Metric Tons per Hectare) 4.20 4.22 4.27 4.32 4.35 4.37 4.42 Production Beginning Stocks Domestic Supply 4,250 251 4,501 3,948 451 4,399 4,149 478 4,627 4,291 486 4,777 (Thousand Metric Tons) 4,325 4,409 4,499 491 494 497 4,816 4,903 4,996 4,592 499 5,091 4,679 503 5,182 4,753 507 5,260 4,859 510 5,369 Feed Use Food and Other Ending Stocks Domestic Use 3,700 100 451 4,251 3,444 95 478 4,016 3,511 94 486 4,090 3,603 95 491 4,189 3,699 95 494 4,288 3,775 95 497 4,367 3,858 95 499 4,452 3,938 95 503 4,536 4,014 95 507 4,616 4,083 95 510 4,688 4,181 96 515 4,792 250 383 537 588 528 536 544 555 566 572 578 14/15 Corn Area Harvested Yield Net Trade 14/15 Ukrainian Coarse Grain Supply and Utilization Corn Area Harvested Yield Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade Barley Area Harvested Yield Production Beginning Stocks Domestic Supply Feed Use Food and Other Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 2,100 2,299 2,318 2,321 (Thousand Hectares) 2,333 2,340 2,346 2,355 2,367 2,382 2,384 5.00 4.61 4.65 4.69 (Metric Tons per Hectare) 4.70 4.72 4.74 4.77 4.79 4.79 4.84 (Thousand Metric Tons) 10,964 11,036 11,124 857 889 918 11,821 11,926 12,042 11,228 941 12,169 11,327 964 12,291 11,405 982 12,386 11,527 996 12,524 10,500 947 11,447 10,597 807 11,404 10,777 794 11,571 10,888 823 11,711 4,900 750 807 6,457 4,811 735 794 6,341 4,854 734 823 6,411 4,883 732 857 6,473 4,950 730 889 6,568 5,029 729 918 6,676 5,106 728 941 6,775 5,193 729 964 6,885 5,279 728 982 6,989 5,378 730 996 7,104 5,485 732 1,011 7,228 4,990 5,063 5,161 5,239 5,253 5,250 5,267 5,283 5,302 5,282 5,295 5,000 5,047 5,069 5,024 (Thousand Hectares) 4,990 4,987 4,974 4,967 4,947 4,932 4,909 2.47 2.47 2.48 2.49 12,246 879 13,125 12,242 907 13,149 12,252 930 13,182 12,241 948 13,189 2.40 2.41 2.42 2.43 (Metric Tons per Hectare) 2.44 2.45 2.46 12,000 1,057 13,057 12,160 712 12,872 12,260 683 12,943 12,197 809 13,005 (Thousand Metric Tons) 12,163 12,200 12,215 764 810 849 12,927 13,010 13,064 4,650 1,700 712 7,062 3,785 1,712 683 6,180 3,701 1,710 809 6,219 3,770 1,729 764 6,263 3,864 1,732 810 6,407 3,961 1,735 849 6,545 4,048 1,734 879 6,660 4,142 1,734 907 6,783 4,232 1,732 930 6,893 4,326 1,729 948 7,003 4,415 1,722 961 7,098 5,995 6,692 6,724 6,742 6,520 6,464 6,404 6,342 6,256 6,179 6,091 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 217 Vietnamese Coarse Grain Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,200 1,115 1,137 1,142 (Thousand Hectares) 1,142 1,141 1,140 1,139 1,136 1,133 1,128 4.00 4.06 4.12 4.18 (Metric Tons per Hectare) 4.22 4.25 4.29 4.34 4.37 4.38 4.45 Production Beginning Stocks Domestic Supply 4,800 417 5,217 4,528 417 4,945 4,685 417 5,102 4,776 417 5,193 (Thousand Metric Tons) 4,816 4,853 4,894 417 417 417 5,233 5,270 5,311 4,948 417 5,365 4,963 417 5,380 4,958 417 5,375 5,019 417 5,436 Feed Use Food and Other Ending Stocks Domestic Use 4,300 1,200 417 5,917 3,993 1,211 417 5,621 3,996 1,223 417 5,637 4,032 1,239 417 5,687 4,087 1,254 417 5,758 4,139 1,270 417 5,826 4,204 1,285 417 5,905 4,280 1,301 417 5,998 4,351 1,318 417 6,085 4,418 1,334 417 6,170 4,492 1,353 417 6,262 -700 -675 -534 -495 -526 -556 -594 -634 -705 -795 -827 Corn Area Harvested Yield Net Trade 14/15 218 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Rest-of-World Coarse Grain Supply and Utilization Corn Area Harvested Yield 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 2,601 2,528 2,465 2,452 (Thousand Hectares) 2,451 2,440 2,435 2,443 2,457 2,462 2,462 3.02 2.84 2.87 2.89 (Metric Tons per Hectare) 2.91 2.93 2.95 2.97 2.98 3.00 3.04 7,248 1,006 8,254 7,323 1,009 8,333 7,391 1,012 8,403 7,473 1,015 8,488 Production Beginning Stocks Domestic Supply 7,862 1,100 8,962 7,180 997 8,177 7,078 996 8,074 7,096 998 8,093 (Thousand Metric Tons) 7,122 7,145 7,173 1,000 1,002 1,004 8,122 8,147 8,177 Feed Use Food and Other Ending Stocks Domestic Use 4,700 1,440 997 7,137 4,120 1,447 996 6,563 4,168 1,464 998 6,630 4,160 1,480 1,000 6,641 4,140 1,496 1,002 6,638 4,118 1,512 1,004 6,634 4,153 1,528 1,006 6,687 4,147 1,549 1,009 6,706 4,123 1,566 1,012 6,700 4,128 1,584 1,015 6,728 4,175 1,603 1,019 6,798 1,825 1,614 1,444 1,453 1,484 1,512 1,490 1,548 1,632 1,675 1,690 20,910 21,495 21,656 21,557 (Thousand Hectares) 21,579 21,566 21,560 21,562 21,555 21,554 21,544 1.14 (Metric Tons per Hectare) 1.14 1.15 1.16 1.16 1.17 1.17 1.19 25,095 1,640 26,735 25,201 1,647 26,848 25,303 1,652 26,955 25,556 1,657 27,213 Net Trade Sorghum Area Harvested Yield 1.11 1.12 1.13 Production Beginning Stocks Domestic Supply 23,196 1,797 24,993 24,085 1,613 25,699 24,438 1,614 26,052 24,525 1,623 26,149 (Thousand Metric Tons) 24,637 24,750 24,916 1,628 1,632 1,637 26,266 26,383 26,553 Feed Use Food and Other Ending Stocks Domestic Use 6,408 18,328 1,613 26,350 6,180 18,367 1,614 26,162 6,254 18,647 1,623 26,524 6,220 18,855 1,628 26,703 6,219 19,064 1,632 26,915 6,211 19,257 1,637 27,105 6,211 19,449 1,640 27,300 6,207 19,644 1,647 27,497 6,199 19,827 1,652 27,677 6,193 20,013 1,657 27,863 6,228 20,254 1,670 28,151 -1,357 -463 -472 -555 -650 -722 -747 -763 -830 -908 -938 Barley Area Harvested 376 361 358 367 356 357 355 354 353 Yield 3.99 4.02 4.04 4.06 (Metric Tons per Hectare) 4.08 4.11 4.13 4.15 4.18 4.20 4.22 Production Beginning Stocks Domestic Supply 1,504 314 1,818 1,449 293 1,742 1,445 301 1,746 1,490 291 1,781 (Thousand Metric Tons) 1,457 1,462 1,470 306 309 311 1,763 1,771 1,782 1,483 311 1,795 1,482 317 1,799 1,488 320 1,808 1,492 323 1,815 Feed Use Food and Other Ending Stocks Domestic Use 1,250 370 293 1,912 1,125 375 301 1,801 1,084 374 291 1,748 1,114 382 306 1,801 1,110 385 309 1,805 1,104 388 311 1,804 1,094 391 311 1,796 1,093 395 317 1,805 1,090 398 320 1,807 1,086 402 323 1,811 1,067 403 323 1,794 -95 -59 -2 -20 -41 -33 -14 -10 -9 -3 21 Net Trade Net Trade (Thousand Hectares) 357 356 World Coarse Grains: FAPRI 2010 Agricultural Outlook / 219 Per Capita Grain Consumption of Selected Countries 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 0.00 4.32 0.00 4.34 0.00 4.33 0.00 4.42 0.00 4.46 0.00 4.50 0.00 4.53 0.00 4.54 0.00 4.56 0.00 4.56 Argentina Corn Barley Sorghum 45.80 10.85 4.82 46.71 11.02 4.79 46.88 10.80 4.78 47.21 11.03 4.76 47.48 11.09 4.74 47.63 11.07 4.72 47.81 11.02 4.69 48.19 11.06 4.67 48.31 11.03 4.63 48.47 11.01 4.58 48.68 10.90 4.56 Australia Corn Barley Sorghum 5.79 50.93 0.23 5.71 50.98 0.22 5.74 50.72 0.22 5.77 51.00 0.22 5.80 51.23 0.22 5.82 51.27 0.21 5.85 51.22 0.21 5.88 51.24 0.21 5.92 51.31 0.21 5.95 51.36 0.21 6.00 51.21 0.21 Brazil Corn Barley 44.89 3.15 45.04 3.20 45.27 3.12 45.50 3.20 45.76 3.24 46.00 3.24 46.27 3.24 46.61 3.26 46.92 3.28 47.28 3.30 47.72 3.29 Canada Corn Barley 127.03 39.88 133.01 42.24 136.67 41.70 138.64 42.69 140.94 42.83 143.10 42.74 145.29 42.42 148.42 42.57 152.36 42.67 156.37 42.74 160.55 42.49 China Corn Barley 32.27 3.15 34.33 3.31 34.46 3.41 35.27 3.63 35.81 3.72 36.18 3.86 36.54 4.00 36.95 4.06 37.52 4.12 38.01 4.17 38.53 4.23 Egypt Corn 28.39 26.46 25.90 25.09 24.75 24.35 23.95 23.63 23.20 22.85 22.53 European Union Corn Barley 30.45 32.48 28.60 34.24 28.61 34.75 29.38 35.91 30.49 35.45 30.81 35.49 30.98 35.66 31.14 35.81 31.23 36.01 31.26 36.37 31.18 38.43 India Corn Sorghum 8.49 3.90 8.23 4.89 8.28 5.19 8.28 5.20 8.28 5.19 8.28 5.16 8.26 5.18 8.27 5.17 8.27 5.15 8.27 5.16 8.29 5.12 Indonesia Corn 18.86 17.54 17.39 17.27 17.19 17.10 17.04 17.17 17.01 16.98 17.00 Israel Corn Barley Sorghum 13.53 1.35 0.68 13.14 1.36 0.67 13.47 1.35 0.66 13.50 1.37 0.65 13.57 1.37 0.64 13.57 1.37 0.63 13.60 1.37 0.62 13.69 1.37 0.61 13.71 1.37 0.60 13.79 1.37 0.59 13.97 1.36 0.59 Japan Corn Barley Sorghum 36.31 2.37 0.00 36.81 2.37 0.00 36.79 2.34 0.00 36.81 2.38 0.00 36.86 2.39 0.00 36.77 2.39 0.00 36.75 2.39 0.00 36.82 2.40 0.00 36.85 2.40 0.00 36.97 2.41 0.00 37.16 2.40 0.00 Malaysia Corn Algeria Corn Barley 14/15 (Kilograms) 0.00 4.49 7.60 7.47 7.50 7.54 7.56 7.60 7.62 7.66 7.70 7.74 7.81 Mexico Corn Barley Sorghum 143.51 6.64 0.89 149.49 6.85 0.90 150.20 6.75 0.90 152.27 6.90 0.90 149.72 6.94 0.90 151.48 6.95 0.90 150.88 6.95 0.90 151.53 7.01 0.91 151.26 7.06 0.91 151.44 7.11 0.91 151.52 7.12 0.92 Nigeria Sorghum 73.75 84.42 87.56 85.89 81.98 77.70 76.50 76.12 73.74 70.93 71.24 220 / World Coarse Grains: FAPRI 2010 Agricultural Outlook Per Capita Grain Consumption of Selected Countries (continued) 09/10 10/11 11/12 12/13 13/14 Other Africa Corn Barley 40.03 2.72 39.17 2.76 38.93 2.73 39.09 2.77 39.03 2.77 Other Asia Corn Barley 10.97 0.93 10.79 0.94 10.82 0.92 10.76 0.94 10.73 0.94 Other Eastern Europe ‡ Corn Barley 20.57 7.66 20.42 7.69 20.71 7.61 20.63 7.76 Other CIS † Corn Barley 4.22 13.27 4.19 13.36 4.22 13.34 Other Latin America Corn Barley 30.04 4.86 29.76 4.40 Other Middle East Corn Barley 7.02 6.16 Pakistan Corn Barley Sorghum 14/15 15/16 16/17 17/18 18/19 19/20 38.90 2.78 38.87 2.78 38.79 2.79 38.75 2.79 38.90 2.78 10.69 0.94 10.66 0.94 10.66 0.94 10.64 0.94 10.63 0.94 10.64 0.93 20.71 7.84 20.83 7.90 20.98 7.93 21.13 8.01 21.25 8.06 21.39 8.13 21.64 8.14 4.22 13.36 4.23 13.36 4.23 13.35 4.24 13.34 4.25 13.34 4.26 13.33 4.26 13.32 4.28 13.29 30.04 4.32 30.28 4.41 30.48 4.45 30.61 4.47 30.77 4.49 31.01 4.52 31.15 4.55 31.35 4.58 31.55 4.59 6.84 6.18 6.84 6.12 6.87 6.21 6.88 6.22 6.87 6.22 6.88 6.21 6.88 6.23 6.88 6.23 6.89 6.23 6.90 6.21 8.42 1.49 0.39 8.22 1.37 0.34 8.25 1.33 0.35 8.23 1.36 0.35 8.23 1.32 0.35 8.24 1.31 0.35 8.26 1.31 0.35 8.29 1.31 0.35 8.31 1.30 0.35 8.34 1.30 0.35 8.37 1.30 0.36 Philippines Corn 19.89 19.22 19.16 19.22 19.21 19.23 19.18 19.24 19.28 19.31 19.41 Russia Corn Barley 3.95 33.77 3.91 33.57 3.93 34.40 3.94 34.93 3.96 35.12 3.97 35.26 3.98 35.33 4.00 35.50 4.02 35.62 4.04 35.76 4.06 35.81 Saudi Arabia Barley 1.02 1.11 1.10 1.20 1.22 1.24 1.24 1.27 1.28 1.30 1.29 South Africa Corn Barley Sorghum 116.15 6.11 3.87 116.22 6.12 3.95 117.51 6.09 3.99 117.29 6.13 3.99 117.35 6.13 4.00 117.48 6.13 4.02 117.72 6.12 4.04 118.12 6.12 4.07 118.33 6.12 4.09 118.65 6.12 4.11 119.10 6.11 4.17 South Korea Corn (Kilograms) 38.94 2.78 34.93 32.18 32.99 32.96 33.17 33.08 33.11 33.02 33.33 33.34 33.37 Taiwan Corn Barley 6.51 1.30 8.46 1.37 8.71 1.32 8.82 1.43 8.87 1.46 8.91 1.48 8.95 1.48 9.02 1.51 9.05 1.53 9.10 1.54 9.16 1.54 Thailand Corn 1.50 1.41 1.40 1.40 1.40 1.39 1.38 1.38 1.38 1.37 1.38 Ukraine Corn Barley 16.55 37.51 16.33 38.01 16.39 38.19 16.46 38.87 16.51 39.20 16.60 39.52 16.68 39.74 16.81 40.02 16.92 40.22 17.07 40.43 17.24 40.54 453.29 11.93 7.67 484.21 11.98 8.18 486.76 11.85 8.52 488.41 11.71 8.63 495.01 11.63 8.72 505.78 11.51 8.90 512.49 11.38 9.02 515.05 11.29 9.06 518.38 11.20 9.08 519.39 11.12 9.02 516.85 11.03 9.03 13.35 13.33 13.32 13.35 13.38 13.41 13.44 13.49 13.54 13.59 13.67 United States Corn Barley Sorghum Vietnam Corn ‡ Countries included: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Serbia, Montenegro. † Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, Uzbekistan. WORLD OILSEEDS AND PRODUCTS 224 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook World Soybeans and Soybean Products The world soybean price decreased by 23% in 2008/09 from the high prices of 2007/09, as demand faltered because of the global economic recession. A steeper price decline is prevented by the soybean crop failure in South America, and in Argentina in particular, as a result of widespread and severe dryness in important production regions. Soybean prices decline again in 2009/10, as the production rebound outpaces the demand growth derived from the economic recovery, especially in the protein meal sector. The price continues to decline (by 6%) over the next season because of high carryover. A slowdown in production expansion in South America and the U.S., strong demand for vegetable oil, and strengthening soybean meal demand due to the economic recovery put prices on an ascendant path for the remainder of the projection period. The average price over the outlook period remains 34% above that of the previous decade, even including the spike of 2007/08. Because of weaker competition from corn in 2009/10, U.S. soybean production increased by 13% based on a small area expansion and record-breaking yields. The combined increase in U.S., Argentine, and Brazilian production helped pull the world soybean output up by 20%. The large production rebound is driven by an impressive 65% expansion of the Argentine output, after the previous season’s failure. Encouraged by relatively strong real prices, Brazil’s soybean area is expected to post an average growth of 2.5% annually throughout the decade. However, the U.S. remains the leading producer over the projection period. World production reaches 295 mmt at the end of the outlook period and is concentrated in Argentina, Brazil, and the U.S. These three countries combined are responsible for over 80% of the production expansion and account for 82% of world production by 2019/20. The modest increase in Chinese soybean production is due to higher yields from technology improvements, as area declines slightly. The loss of agricultural land and declining real prices as a result of the appreciation of the yuan are two of the reasons behind the decline in area. Soybean consumption expands throughout the period and reaches 59 mmt by 2019/20, a 3.6% annual increase over the decade. Policies that encourage domestic crush, combined with strong demand for edible oils and protein meal from the burgeoning livestock sector, make China the world’s leading soybean importer, as domestic production is unable to keep up with that demand growth. China expands its imports to 59 mmt, accounting for 60% of total world imports over the next 10 years. This growth in import demand for soybeans is mostly supplied by Brazil, which becomes the leading net exporter in 2015/16, with a 43% market share by the end of the outlook period. The EU is expected to continue its transition to the importation of protein meal rather than soybeans because of relatively weak crush margins, which decline over time, as the block shifts its demand toward meal. Weak demand for meal resulted in a sharp (14%) decline in the price of soybean meal during 2008/09. Trade disruptions during late summer due to the discovery of traces of non-approved GMO corn in a U.S. soybean meal shipment to the EU may have also had a bearish impact on prices. As in the case of soybeans, a larger price drop was prevented by the simultaneous drought-induced supply reduction. Further price declines are expected in 2009/10 and 2010/11 before demand catches up with the strong supply expansion and the trend is reversed. About 45% of the global consumption expansion occurs in China, which surpasses the EU as the leading protein meal user halfway through the outlook period. However, the EU retains its position as the largest importer. The volume of net exports in the soybean meal market increases by 27% throughout the baseline. Based on a very efficient soybean processing sector and differential export taxes, Argentina expands its position as the world’s dominant meal exporter, increasing its market share to 55% of the world’s net exports. Unlike the prices of other commodities in the complex, the price of soybean oil recovers in 2009/10 after the reduction in the previous season. Vegetable oils are expected to drive the oilseeds sector as a result of strong demand for food and industrial uses. Chinese per capita consumption of soybean oil continues to expand rapidly based on strong income growth, consolidating the country as the world’s largest user, with 30% of total consumption by 2019/20. Despite a large expansion in the amount of soybean oil used for industrial purposes, Argentina expands its dominant role in the international market, supplying over 70% of total exports by the end of the projection period. World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 225 2/11/2010 Soybean Trade 09/10 10/11 11/12 12/13 9,700 25,850 1,624 5 4,885 37,112 12,487 28,028 1,530 5 5,079 33,857 12,266 27,775 1,619 5 5,227 34,030 79,176 80,986 41,500 12,970 3,950 3,500 945 1,200 2,250 9,155 3,706 Total Net Imports Prices Illinois Processor CIF Rotterdam Net Exporters Argentina Brazil Canada India Paraguay United States Total Net Exports * Net Importers China European Union Japan Mexico Other CIS † South Korea Taiwan Rest of World Residual 13/14 14/15 15/16 16/17 17/18 18/19 19/20 11,692 30,572 1,612 5 5,360 34,299 (Thousand Metric Tons) 11,730 11,843 11,823 32,457 33,970 35,846 1,643 1,687 1,702 5 5 5 5,498 5,648 5,804 34,274 34,465 34,652 11,966 37,674 1,710 5 5,954 34,796 12,168 39,252 1,733 5 6,093 35,071 12,421 41,040 1,758 5 6,247 35,115 12,878 42,279 1,775 5 6,395 35,322 80,921 83,541 85,607 87,618 89,833 92,106 94,322 96,587 98,655 43,030 12,721 3,928 3,456 588 1,237 2,226 10,096 3,706 43,715 12,372 3,833 3,490 563 1,202 2,232 9,807 3,706 46,017 12,299 3,859 3,509 553 1,211 2,259 10,127 3,706 47,808 12,318 3,853 3,527 533 1,206 2,280 10,376 3,706 49,615 12,263 3,846 3,547 520 1,204 2,302 10,616 3,706 51,593 12,210 3,837 3,551 509 1,211 2,325 10,891 3,706 53,614 12,169 3,823 3,555 499 1,218 2,347 11,176 3,706 55,649 12,109 3,794 3,556 486 1,219 2,368 11,434 3,706 57,703 12,059 3,776 3,555 473 1,223 2,392 11,699 3,706 59,512 12,031 3,766 3,552 460 1,229 2,415 11,984 3,706 79,176 80,986 80,921 83,541 85,607 87,618 89,833 92,106 94,322 96,587 98,655 362 408 338 382 357 404 359 408 (U.S. Dollars per Metric Ton) 365 371 375 414 422 427 379 431 384 437 388 440 390 442 * Total net exports are the sum of all positive net exports and negative net imports. † Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. 226 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Soybean Meal Trade Net Exporters Argentina Brazil China India Paraguay United States Total Net Exports * Net Importers Canada European Union Japan Mexico Other CIS † South Korea Taiwan Rest of World Residual Total Net Imports 09/10 10/11 11/12 12/13 26,718 12,800 530 3,198 1,064 8,841 29,111 13,440 334 3,287 1,134 9,401 30,364 12,603 -21 3,622 1,174 9,802 53,151 56,707 1,221 22,480 1,700 1,443 548 1,850 90 21,824 1,995 15/16 16/17 17/18 18/19 19/20 31,474 12,811 -116 3,630 1,201 9,926 (Thousand Metric Tons) 32,322 33,168 34,040 12,828 12,917 13,073 -112 -55 172 3,623 3,617 3,664 1,226 1,253 1,279 9,945 10,038 10,131 34,812 13,222 243 3,704 1,309 10,394 35,576 13,299 322 3,745 1,338 10,612 36,312 13,352 457 3,796 1,367 10,796 36,921 13,347 648 3,817 1,399 11,142 57,565 59,042 59,943 60,993 62,359 63,683 64,890 66,079 67,273 1,297 24,374 1,765 1,544 900 1,975 137 22,721 1,995 1,290 24,175 1,828 1,551 895 1,904 115 23,792 1,995 1,288 24,278 1,908 1,593 898 1,878 105 24,984 1,995 1,286 24,048 1,979 1,627 895 1,879 114 26,009 1,995 1,257 24,079 2,048 1,657 898 1,886 127 26,990 1,995 1,251 24,258 2,108 1,709 903 1,894 145 28,096 1,995 1,262 24,474 2,138 1,752 902 1,895 154 29,111 1,995 1,265 24,594 2,157 1,795 902 1,896 161 30,125 1,995 1,265 24,723 2,162 1,837 908 1,896 164 31,129 1,995 1,266 24,923 2,158 1,879 915 1,893 164 32,081 1,995 53,151 56,707 57,565 59,042 59,943 60,993 62,359 63,683 64,890 66,079 67,273 322 377 300 351 307 359 308 361 (U.S. Dollars per Metric Ton) 312 315 316 365 369 369 316 370 317 371 317 371 318 372 Prices FOB Decatur 48% CIF Rotterdam 13/14 14/15 * Total net exports are the sum of all positive net exports and negative net imports. † Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. Soybean Oil Trade Net Exporters Argentina Brazil Paraguay United States Total Net Exports * Net Importers Canada China European Union India Japan Mexico Other CIS † South Korea Taiwan Rest of World Residual Total Net Imports Prices FOB Decatur FOB Rotterdam 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 5,220 1,320 246 1,427 5,562 1,518 268 1,182 5,834 1,272 280 1,204 6,092 1,261 288 1,191 (Thousand Metric Tons) 6,311 6,546 6,797 1,222 1,225 1,263 297 306 315 1,296 1,276 1,150 7,025 1,312 324 1,125 7,255 1,347 333 1,131 7,479 1,378 343 1,142 7,673 1,397 353 1,210 8,304 8,556 8,622 8,869 9,164 9,396 9,572 9,837 10,121 10,401 10,695 19 2,300 410 881 50 193 -90 295 -1 3,758 398 18 2,428 573 990 49 216 -26 329 28 3,527 398 18 2,510 622 1,015 51 206 -33 337 24 3,442 398 18 2,468 694 1,104 53 213 -36 348 31 3,541 398 18 2,526 739 1,196 51 222 -40 359 39 3,616 398 14 2,554 809 1,287 50 228 -43 365 42 3,649 398 11 2,555 876 1,367 51 239 -47 369 44 3,662 398 13 2,560 957 1,456 53 251 -51 372 45 3,732 398 14 2,580 1,040 1,541 57 265 -55 378 46 3,803 398 14 2,610 1,120 1,624 60 280 -58 385 48 3,862 398 15 2,674 1,183 1,716 61 299 -62 393 50 3,906 398 8,304 8,556 8,622 8,869 9,164 9,396 9,572 9,837 10,121 10,401 10,695 812 915 798 900 856 963 870 979 (U.S. Dollars per Metric Ton) 879 896 921 989 1,008 1,035 945 1,061 966 1,085 984 1,105 995 1,117 * Total net exports are the sum of all positive net exports and negative net imports. † Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 227 World Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 Soybeans Area Harvested 101,769 101,800 101,353 Production Beginning Stocks Domestic Supply 253,576 32,979 286,555 251,673 45,771 297,444 Crush Food Use Other Use Residual Ending Stocks Domestic Use 203,965 14,651 18,462 3,706 45,771 286,555 Trade * Soybean Meal Production Consumption Ending Stocks Trade * Soybean Oil Production Consumption Ending Stocks Trade * Per Capita Consumption * Excludes intraregional trade. 13/14 14/15 15/16 16/17 17/18 18/19 19/20 103,316 (Thousand Hectares) 104,384 105,428 106,581 107,665 108,730 109,798 110,821 252,413 47,202 299,615 259,337 46,739 306,076 (Thousand Metric Tons) 264,068 268,942 274,533 47,007 47,092 47,096 311,075 316,034 321,629 279,920 47,197 327,117 285,024 47,289 332,313 290,245 47,350 337,596 295,083 47,434 342,517 213,156 14,960 18,420 3,706 47,202 297,444 215,797 14,986 18,387 3,706 46,739 299,615 221,700 15,179 18,484 3,706 47,007 306,076 226,365 15,328 18,584 3,706 47,092 311,075 231,132 15,426 18,674 3,706 47,096 316,033 236,400 15,557 18,770 3,706 47,197 321,629 241,586 15,675 18,861 3,706 47,289 327,117 246,516 15,798 18,942 3,706 47,350 332,312 251,498 15,915 19,043 3,706 47,434 337,596 256,150 15,981 19,157 3,706 47,523 342,516 79,176 80,986 80,921 83,541 85,607 87,618 89,833 92,106 94,322 96,587 98,655 160,009 157,665 5,549 167,148 164,671 6,031 169,246 167,178 6,105 173,888 171,798 6,200 177,561 175,542 6,224 181,312 179,265 6,275 185,457 183,369 6,368 189,538 187,457 6,454 193,420 191,350 6,528 197,343 195,267 6,610 201,008 198,945 6,678 53,151 56,707 57,565 59,042 59,943 60,993 62,359 63,683 64,890 66,079 67,273 37,659 37,447 2,725 39,651 39,168 2,810 40,250 39,914 2,748 41,459 41,043 2,765 42,441 42,012 2,797 43,451 43,043 2,806 44,562 44,168 2,802 45,664 45,273 2,795 46,727 46,336 2,788 47,806 47,406 2,791 48,829 48,419 2,803 8,304 8,556 8,622 8,869 9,164 9,572 9,837 10,121 10,401 10,695 5.48 5.67 5.72 5.82 6.07 6.16 6.25 6.33 6.41 9,396 (Kilograms) 5.90 5.98 228 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook U.S. Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 30,921 30,626 30,421 30,763 (Thousand Hectares) 30,736 30,810 30,926 31,014 31,131 31,210 31,358 2.96 2.85 2.88 2.91 (Metric Tons per Hectare) 2.93 2.96 2.99 3.01 3.04 3.07 3.09 Production Beginning Stocks Domestic Supply 91,474 3,761 95,235 87,395 7,188 94,583 87,579 7,757 95,336 89,407 7,343 96,750 (Thousand Metric Tons) 90,167 91,170 92,362 7,410 7,389 7,329 97,577 98,559 99,690 93,493 7,314 100,807 94,718 7,298 102,016 95,684 7,298 102,983 96,883 7,293 104,175 Crush Seed, Residual Ending Stocks Domestic Use 46,508 4,427 7,188 58,123 48,543 4,426 7,757 60,726 49,530 4,433 7,343 61,306 50,572 4,468 7,410 62,451 51,386 4,529 7,389 63,303 52,191 4,575 7,329 64,094 53,112 4,612 7,314 65,039 54,067 4,647 7,298 66,011 54,967 4,679 7,298 66,944 55,852 4,723 7,293 67,868 56,769 4,778 7,306 68,853 37,112 33,857 34,030 34,299 34,274 34,465 34,652 34,796 35,071 35,115 35,322 Soybean Meal Production Beginning Stocks Domestic Supply 36,648 213 36,861 38,235 218 38,453 39,013 233 39,246 39,834 234 40,067 40,475 236 40,711 41,109 237 41,346 41,835 238 42,073 42,586 241 42,827 43,296 242 43,538 43,992 243 44,236 44,715 245 44,960 Consumption Ending Stocks Domestic Use 27,802 218 28,020 28,820 233 29,052 29,210 234 29,443 29,906 236 30,141 30,529 237 30,766 31,069 238 31,308 31,702 241 31,942 32,191 242 32,433 32,683 243 32,926 33,196 245 33,440 33,572 246 33,817 8,841 9,401 9,802 9,926 9,945 10,038 10,131 10,394 10,612 10,796 11,142 Soybean Oil Production Beginning Stocks Domestic Supply 8,651 1,244 9,895 9,208 957 10,166 9,396 982 10,378 9,593 958 10,552 9,748 961 10,709 9,901 972 10,872 10,075 972 11,047 10,256 965 11,221 10,427 955 11,382 10,595 944 11,539 10,769 937 11,706 Food Use Biodiesel Use Ending Stocks Domestic Use 6,451 1,060 957 8,468 6,605 1,396 982 8,983 6,558 1,659 958 9,175 6,625 1,774 961 9,360 6,709 1,732 972 9,413 6,773 1,851 972 9,596 6,822 2,110 965 9,897 6,881 2,260 955 10,096 6,943 2,364 944 10,251 7,018 2,441 937 10,397 7,105 2,455 935 10,496 1,427 1,182 1,204 1,191 1,296 1,276 1,150 1,125 1,131 1,142 1,210 Soybeans Area Harvested Yield Net Trade Net Trade Net Trade 13/14 14/15 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 229 Argentine Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 18,800 18,502 18,757 19,029 (Thousand Hectares) 19,305 19,590 19,846 20,099 20,366 20,631 20,909 2.82 2.84 2.86 2.88 (Metric Tons per Hectare) 2.90 2.92 2.94 2.96 2.98 3.01 3.03 Production Beginning Stocks Domestic Supply 53,000 16,186 69,186 52,512 22,858 75,370 53,661 23,049 76,711 54,745 23,003 77,748 (Thousand Metric Tons) 55,892 57,138 58,338 23,099 23,158 23,199 78,992 80,296 81,537 59,518 23,264 82,782 60,728 23,312 84,040 62,018 23,328 85,346 63,307 23,364 86,670 Crush Other Use Ending Stocks Domestic Use 35,000 1,628 22,858 59,486 38,207 1,627 23,049 62,883 39,799 1,642 23,003 64,445 41,281 1,677 23,099 66,057 42,398 1,707 23,158 67,262 43,519 1,735 23,199 68,453 44,686 1,765 23,264 69,715 45,712 1,791 23,312 70,816 46,728 1,815 23,328 71,872 47,719 1,842 23,364 72,925 48,539 1,867 23,386 73,792 9,700 12,487 12,266 11,692 11,730 11,843 11,823 11,966 12,168 12,421 12,878 27,370 1,464 28,834 29,878 1,441 31,319 31,123 1,484 32,607 32,281 1,486 33,768 33,155 1,499 34,654 34,032 1,506 35,538 34,945 1,511 36,455 35,747 1,522 37,269 36,542 1,529 38,071 37,317 1,532 38,849 37,957 1,537 39,494 675 1,441 2,116 723 1,484 2,208 757 1,486 2,243 794 1,499 2,293 826 1,506 2,332 859 1,511 2,370 893 1,522 2,415 928 1,529 2,457 963 1,532 2,495 1,000 1,537 2,537 1,036 1,537 2,573 26,718 29,111 30,364 31,474 32,322 33,168 34,040 34,812 35,576 36,312 36,921 Soybean Oil Production Beginning Stocks Domestic Supply 6,717 231 6,948 7,359 81 7,440 7,694 87 7,781 8,009 82 8,091 8,255 86 8,342 8,504 91 8,595 8,764 93 8,857 8,997 95 9,092 9,230 96 9,325 9,459 95 9,554 9,655 96 9,751 Food Use Industrial Use Ending Stocks Domestic Use 400 1,247 81 1,728 412 1,378 87 1,878 414 1,451 82 1,947 423 1,490 86 1,999 431 1,509 91 2,031 439 1,517 93 2,049 446 1,520 95 2,060 452 1,519 96 2,067 458 1,517 95 2,070 465 1,514 96 2,075 472 1,510 97 2,078 5,220 5,562 5,834 6,092 6,311 6,546 6,797 7,025 7,255 7,479 7,673 Soybeans Area Harvested Yield Net Trade Soybean Meal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade 13/14 14/15 230 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Brazilian Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 23,063 23,615 23,058 24,089 (Thousand Hectares) 24,664 25,087 25,589 26,078 26,501 26,970 27,261 2.83 2.84 2.86 2.87 (Metric Tons per Hectare) 2.89 2.92 2.95 2.98 3.01 3.03 3.05 Production Beginning Stocks Domestic Supply 65,159 1,773 66,932 67,137 3,702 70,839 65,954 3,706 69,660 69,230 3,701 72,931 (Thousand Metric Tons) 71,357 73,188 75,479 3,700 3,699 3,697 75,057 76,887 79,176 77,729 3,697 81,426 79,636 3,696 83,332 81,740 3,695 85,435 83,245 3,695 86,940 Crush Other Use Ending Stocks Domestic Use 32,200 5,180 3,702 41,082 33,963 5,142 3,706 42,811 33,085 5,099 3,701 41,885 33,601 5,058 3,700 42,359 33,884 5,017 3,699 42,599 34,243 4,976 3,697 42,916 34,698 4,935 3,697 43,330 35,161 4,895 3,696 43,751 35,531 4,854 3,695 44,081 35,886 4,814 3,695 44,395 36,192 4,774 3,695 44,661 25,850 28,028 27,775 30,572 32,457 33,970 35,846 37,674 39,252 41,040 42,279 Soybean Meal Production Beginning Stocks Domestic Supply 24,500 1,951 26,451 25,841 2,151 27,992 25,173 2,152 27,325 25,566 2,151 27,717 25,781 2,151 27,932 26,055 2,151 28,206 26,400 2,151 28,551 26,753 2,151 28,904 27,035 2,151 29,185 27,304 2,151 29,455 27,538 2,151 29,688 Consumption Ending Stocks Domestic Use 11,500 2,151 13,651 12,400 2,152 14,552 12,571 2,151 14,722 12,755 2,151 14,906 12,953 2,151 15,104 13,138 2,151 15,289 13,327 2,151 15,478 13,531 2,151 15,682 13,736 2,151 15,887 13,953 2,151 16,104 14,190 2,151 16,341 12,800 13,440 12,603 12,811 12,828 12,917 13,073 13,222 13,299 13,352 13,347 Soybean Oil Production Beginning Stocks Domestic Supply 6,100 303 6,403 6,434 436 6,870 6,268 436 6,704 6,365 426 6,792 6,419 423 6,842 6,487 422 6,909 6,573 419 6,992 6,661 416 7,077 6,731 413 7,144 6,798 410 7,209 6,856 408 7,265 Food Use Industrial Use Ending Stocks Domestic Use 3,082 1,565 436 5,083 3,134 1,781 436 5,352 3,123 1,882 426 5,432 3,152 1,955 423 5,531 3,192 2,007 422 5,621 3,223 2,041 419 5,684 3,250 2,063 416 5,729 3,276 2,076 413 5,765 3,305 2,082 410 5,797 3,340 2,082 408 5,830 3,381 2,079 408 5,868 1,320 1,518 1,272 1,261 1,222 1,225 1,263 1,312 1,347 1,378 1,397 Soybeans Area Harvested Yield Net Trade Net Trade Net Trade 13/14 14/15 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 231 Canadian Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,380 1,346 1,340 1,349 (Thousand Hectares) 1,358 1,371 1,387 1,395 1,401 1,410 1,418 2.54 2.56 2.58 2.58 (Metric Tons per Hectare) 2.59 2.60 2.62 2.63 2.64 2.66 2.67 Production Beginning Stocks Domestic Supply 3,500 174 3,674 3,444 220 3,664 3,452 284 3,737 3,487 277 3,764 (Thousand Metric Tons) 3,519 3,571 3,631 288 284 264 3,807 3,856 3,895 3,671 262 3,933 3,700 274 3,974 3,744 278 4,022 3,780 284 4,064 Crush Other Use Ending Stocks Domestic Use 1,375 455 220 2,050 1,389 460 284 2,133 1,384 456 277 2,118 1,401 462 288 2,152 1,415 464 284 2,164 1,441 464 264 2,169 1,462 469 262 2,193 1,474 475 274 2,223 1,485 478 278 2,241 1,497 483 284 2,264 1,508 488 292 2,289 1,624 1,530 1,619 1,612 1,643 1,687 1,702 1,710 1,733 1,758 1,775 Soybean Meal Production Beginning Stocks Domestic Supply 1,085 21 1,106 1,096 27 1,123 1,092 30 1,122 1,106 30 1,136 1,116 30 1,147 1,137 30 1,168 1,154 30 1,184 1,163 30 1,193 1,171 31 1,202 1,181 31 1,212 1,190 31 1,221 Consumption Ending Stocks Domestic Use 2,300 27 2,327 2,390 30 2,420 2,382 30 2,412 2,393 30 2,424 2,403 30 2,433 2,395 30 2,424 2,405 30 2,435 2,424 31 2,455 2,436 31 2,467 2,446 31 2,477 2,455 32 2,487 -1,221 -1,297 -1,290 -1,288 -1,286 -1,257 -1,251 -1,262 -1,265 -1,265 -1,266 Soybean Oil Production Beginning Stocks Domestic Supply 251 9 260 254 16 270 253 16 269 256 16 272 258 16 275 263 16 279 267 16 283 269 16 285 271 16 287 273 16 289 275 16 291 Consumption Ending Stocks Domestic Use 263 16 279 271 16 287 271 16 287 274 16 290 277 16 293 277 16 293 278 16 294 282 16 298 285 16 300 288 16 303 291 16 306 -19 -18 -18 -18 -18 -14 -11 -13 -14 -14 -15 Soybeans Area Harvested Yield Net Trade Net Trade Net Trade 14/15 232 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Chinese Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 8,800 8,687 8,576 8,594 (Thousand Hectares) 8,593 8,598 8,607 8,609 8,612 8,604 8,645 1.65 1.67 1.69 1.70 (Metric Tons per Hectare) 1.72 1.74 1.76 1.78 1.79 1.81 1.83 Production Beginning Stocks Domestic Supply 14,500 9,008 23,508 14,486 9,698 24,184 14,500 9,843 24,344 14,639 9,865 24,504 (Thousand Metric Tons) 14,762 14,932 15,127 9,931 9,985 10,022 24,694 24,916 25,149 15,293 10,057 25,350 15,420 10,089 25,509 15,581 10,116 25,697 15,796 10,145 25,940 Crush Food Use Feed Use Ending Stocks Domestic Use 44,780 8,780 1,750 9,698 65,008 46,522 9,097 1,751 9,843 67,214 47,314 9,134 1,746 9,865 68,059 49,562 9,281 1,746 9,931 70,521 51,366 9,404 1,746 9,985 72,502 53,286 9,476 1,747 10,022 74,531 55,366 9,572 1,747 10,057 76,742 57,473 9,654 1,747 10,089 78,964 59,549 9,745 1,747 10,116 81,158 61,683 9,825 1,747 10,145 83,400 63,685 9,850 1,749 10,168 85,452 -41,500 -43,030 -43,715 -46,017 -47,808 -49,615 -51,593 -53,614 -55,649 -57,703 -59,512 Soybean Meal Production Beginning Stocks Domestic Supply 35,439 0 35,439 36,818 0 36,818 37,444 0 37,444 39,224 0 39,224 40,651 0 40,651 42,171 0 42,171 43,817 0 43,817 45,485 0 45,485 47,127 0 47,127 48,816 0 48,816 50,401 0 50,401 Consumption Ending Stocks Domestic Use 34,909 0 34,909 36,484 0 36,484 37,465 0 37,465 39,340 0 39,340 40,764 0 40,764 42,226 0 42,226 43,645 0 43,645 45,242 0 45,242 46,805 0 46,805 48,360 0 48,360 49,753 0 49,753 530 334 -21 -116 -112 -55 172 243 322 457 648 7,982 466 8,448 8,362 428 8,790 8,576 432 9,007 9,057 432 9,489 9,464 434 9,899 9,898 437 10,335 10,367 438 10,806 10,848 439 11,287 11,329 440 11,769 11,828 441 12,269 12,307 442 12,749 10,320 428 10,748 10,787 432 11,218 11,086 432 11,517 11,523 434 11,957 11,988 437 12,424 12,451 438 12,889 12,921 439 13,360 13,407 440 13,848 13,909 441 14,350 14,437 442 14,879 14,980 443 15,423 -2,300 -2,428 -2,510 -2,468 -2,526 -2,554 -2,555 -2,560 -2,580 -2,610 -2,674 Soybeans Area Harvested Yield Net Trade Net Trade Soybean Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 14/15 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 233 European Union Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 Soybeans Area Harvested 370 373 365 365 Yield 2.68 2.70 2.72 15/16 16/17 17/18 18/19 19/20 371 370 369 368 367 2.73 (Metric Tons per Hectare) 2.75 2.76 2.78 2.80 2.81 2.83 2.85 990 675 1,665 1,006 787 1,793 992 1,147 2,139 996 1,151 2,147 (Thousand Metric Tons) 1,010 1,024 1,032 1,157 1,150 1,151 2,168 2,174 2,183 1,035 1,156 2,192 1,037 1,162 2,199 1,042 1,167 2,208 1,044 1,172 2,216 12,600 1,248 787 14,635 12,195 1,171 1,147 14,514 12,190 1,170 1,151 14,511 12,113 1,177 1,157 14,447 12,165 1,171 1,150 14,485 12,111 1,174 1,151 14,436 12,056 1,180 1,156 14,393 12,013 1,185 1,162 14,360 11,951 1,190 1,167 14,307 11,900 1,196 1,172 14,268 11,868 1,201 1,178 14,247 -12,970 -12,721 -12,372 -12,299 -12,318 -12,263 -12,210 -12,169 -12,109 -12,059 -12,031 Soybean Meal Production Beginning Stocks Domestic Supply 9,926 292 10,218 9,607 398 10,005 9,603 533 10,136 9,542 575 10,117 9,583 600 10,183 9,541 580 10,121 9,498 591 10,089 9,464 617 10,081 9,415 642 10,057 9,374 665 10,039 9,350 688 10,038 Consumption Ending Stocks Domestic Use 32,300 398 32,698 33,847 533 34,380 33,735 575 34,310 33,796 600 34,395 33,650 580 34,230 33,609 591 34,200 33,730 617 34,347 33,913 642 34,555 33,986 665 34,651 34,074 688 34,762 34,253 708 34,961 -22,480 -24,374 -24,175 -24,278 -24,048 -24,079 -24,258 -24,474 -24,594 -24,723 -24,923 Soybean Oil Production Beginning Stocks Domestic Supply 2,268 134 2,402 2,195 182 2,377 2,194 186 2,380 2,180 186 2,367 2,190 187 2,377 2,180 186 2,366 2,170 186 2,356 2,162 186 2,349 2,151 187 2,338 2,142 187 2,329 2,136 188 2,324 Food Use Biodiesel and Industrial Use Other Use Ending Stocks Domestic Use 1,450 1,050 130 182 2,812 1,485 1,149 130 186 2,950 1,475 1,211 130 186 3,003 1,484 1,260 130 187 3,061 1,489 1,310 130 186 3,115 1,494 1,365 130 186 3,174 1,498 1,418 130 186 3,232 1,505 1,484 130 187 3,305 1,511 1,550 130 187 3,378 1,519 1,613 130 188 3,449 1,525 1,663 130 189 3,507 -410 -573 -622 -694 -739 -809 -876 -957 -1,040 -1,120 -1,183 Production Beginning Stocks Domestic Supply Crush Other Use Ending Stocks Domestic Use Net Trade Net Trade Net Trade 13/14 14/15 (Thousand Hectares) 368 371 234 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Indian Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 9,600 9,550 9,547 9,611 (Thousand Hectares) 9,631 9,662 9,704 9,741 9,781 9,825 9,872 0.92 0.94 0.95 0.96 (Metric Tons per Hectare) 0.96 0.96 0.97 0.98 0.99 0.99 1.00 Production Beginning Stocks Domestic Supply 8,800 393 9,193 9,001 388 9,389 9,108 400 9,507 9,180 400 9,580 (Thousand Metric Tons) 9,229 9,281 9,411 403 405 406 9,631 9,686 9,818 9,525 409 9,933 9,639 411 10,050 9,768 413 10,181 9,855 415 10,270 Crush Other Use Ending Stocks Domestic Use 7,600 1,200 388 9,188 7,815 1,169 400 9,384 7,948 1,154 400 9,502 8,013 1,159 403 9,575 8,055 1,167 405 9,626 8,098 1,176 406 9,681 8,216 1,188 409 9,813 8,317 1,201 411 9,928 8,419 1,213 413 10,045 8,534 1,227 415 10,176 8,607 1,241 417 10,265 5 5 5 5 5 5 5 5 5 5 5 Soybean Meal Production Beginning Stocks Domestic Supply 6,065 452 6,517 6,236 429 6,665 6,343 512 6,855 6,395 530 6,925 6,428 547 6,976 6,463 562 7,025 6,556 577 7,134 6,637 596 7,233 6,719 613 7,332 6,811 630 7,441 6,869 647 7,516 Consumption Ending Stocks Domestic Use 2,890 429 3,319 2,866 512 3,378 2,703 530 3,233 2,748 547 3,295 2,791 562 3,353 2,830 577 3,408 2,874 596 3,470 2,915 613 3,529 2,957 630 3,587 2,997 647 3,644 3,037 663 3,699 3,198 3,287 3,622 3,630 3,623 3,617 3,664 3,704 3,745 3,796 3,817 Soybean Oil Production Beginning Stocks Domestic Supply 1,362 193 1,555 1,404 193 1,597 1,432 212 1,644 1,448 210 1,658 1,460 214 1,674 1,472 221 1,692 1,497 225 1,722 1,520 228 1,747 1,542 231 1,773 1,568 235 1,802 1,586 239 1,825 Consumption Ending Stocks Domestic Use 2,243 193 2,436 2,375 212 2,587 2,450 210 2,659 2,547 214 2,761 2,650 221 2,870 2,754 225 2,979 2,861 228 3,089 2,972 231 3,203 3,080 235 3,314 3,188 239 3,427 3,296 244 3,540 -881 -990 -1,015 -1,104 -1,196 -1,287 -1,367 -1,456 -1,541 -1,624 -1,716 Soybeans Area Harvested Yield Net Trade Net Trade Net Trade 14/15 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 235 Japanese Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 Soybeans Area Harvested 138 133 132 133 Yield 1.63 1.64 1.64 Production Beginning Stocks Domestic Supply 225 94 319 217 164 381 15/16 16/17 17/18 18/19 19/20 132 132 132 132 132 1.64 (Metric Tons per Hectare) 1.65 1.65 1.66 1.66 1.66 1.66 1.66 217 179 396 218 171 389 (Thousand Metric Tons) 217 218 219 176 172 170 393 391 389 220 171 391 219 173 392 220 174 393 219 175 394 2,750 1,040 315 164 4,269 2,755 1,057 317 179 4,309 2,695 1,046 318 171 4,229 2,702 1,051 319 176 4,248 2,711 1,044 318 172 4,246 2,709 1,040 318 170 4,237 2,698 1,039 319 171 4,227 2,683 1,039 319 173 4,214 2,657 1,037 319 174 4,187 2,638 1,037 318 175 4,169 2,627 1,038 318 178 4,160 -3,950 -3,928 -3,833 -3,859 -3,853 -3,846 -3,837 -3,823 -3,794 -3,776 -3,766 Soybean Meal Production Beginning Stocks Domestic Supply 2,139 167 2,306 2,143 158 2,301 2,096 168 2,264 2,102 168 2,270 2,109 172 2,281 2,107 170 2,277 2,098 170 2,268 2,087 172 2,259 2,067 174 2,241 2,052 176 2,228 2,043 179 2,222 Consumption Ending Stocks Domestic Use 3,848 158 4,006 3,898 168 4,066 3,924 168 4,092 4,006 172 4,177 4,089 170 4,259 4,155 170 4,325 4,204 172 4,376 4,223 174 4,397 4,222 176 4,398 4,211 179 4,390 4,199 181 4,380 -1,700 -1,765 -1,828 -1,908 -1,979 -2,048 -2,108 -2,138 -2,157 -2,162 -2,158 Soybean Oil Production Beginning Stocks Domestic Supply 502 5 507 503 12 515 492 12 504 493 11 505 495 11 506 494 11 506 492 11 504 490 11 501 485 11 496 482 11 492 479 11 490 Consumption Ending Stocks Domestic Use 545 12 557 552 12 564 544 11 555 547 11 558 546 11 558 545 11 556 543 11 554 543 11 554 542 11 553 542 11 552 540 11 551 -50 -49 -51 -53 -51 -50 -51 -53 -57 -60 -61 Crush Food Use Feed Use Ending Stocks Domestic Use Net Trade Net Trade Net Trade 13/14 14/15 (Thousand Hectares) 132 132 236 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Mexican Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 70 68 69 70 74 75 76 77 78 Yield 1.50 1.52 1.55 1.57 (Metric Tons per Hectare) 1.58 1.61 1.63 1.66 1.67 1.70 1.72 Production Beginning Stocks Domestic Supply 105 36 141 104 46 150 106 48 154 110 47 157 (Thousand Metric Tons) 113 117 121 47 47 47 161 164 168 124 48 172 128 48 176 131 48 180 135 49 184 3,560 0 35 46 3,641 3,523 0 35 48 3,606 3,562 0 35 47 3,645 3,584 0 35 47 3,666 3,606 0 35 47 3,688 3,629 0 35 47 3,711 3,637 0 35 48 3,720 3,644 0 35 48 3,727 3,649 0 35 48 3,732 3,652 0 35 49 3,735 3,651 0 35 49 3,735 -3,500 -3,456 -3,490 -3,509 -3,527 -3,547 -3,551 -3,555 -3,556 -3,555 -3,552 Soybean Meal Production Beginning Stocks Domestic Supply 2,800 91 2,891 2,771 34 2,805 2,802 36 2,838 2,819 36 2,855 2,836 37 2,872 2,854 37 2,891 2,861 37 2,897 2,866 37 2,904 2,870 38 2,908 2,872 38 2,910 2,872 39 2,911 Consumption Ending Stocks Domestic Use 4,300 34 4,334 4,313 36 4,349 4,353 36 4,389 4,411 37 4,448 4,463 37 4,499 4,511 37 4,548 4,569 37 4,607 4,618 38 4,656 4,664 38 4,703 4,708 39 4,747 4,750 40 4,789 -1,443 -1,544 -1,551 -1,593 -1,627 -1,657 -1,709 -1,752 -1,795 -1,837 -1,879 Soybean Oil Production Beginning Stocks Domestic Supply 626 5 631 619 9 628 626 9 636 630 9 639 634 9 643 638 9 647 640 9 648 641 9 650 642 9 651 642 9 651 642 9 651 Consumption Ending Stocks Domestic Use 815 9 824 836 9 845 832 9 841 843 9 852 856 9 865 866 9 875 879 9 888 892 9 901 907 9 915 922 9 931 941 9 950 -193 -216 -206 -213 -222 -228 -239 -251 -265 -280 -299 Soybeans Area Harvested Crush Food Use Feed Use Ending Stocks Domestic Use Net Trade Net Trade Net Trade 13/14 14/15 (Thousand Hectares) 71 73 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 237 Other CIS Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 Soybeans Area Harvested 800 851 886 Yield 1.19 1.14 Production Beginning Stocks Domestic Supply 950 92 1,042 Crush Other Use Ending Stocks Domestic Use 15/16 16/17 17/18 18/19 19/20 918 (Thousand Hectares) 948 978 1,008 1,038 1,068 1,099 1,130 1.16 1.17 (Metric Tons per Hectare) 1.19 1.21 1.22 1.23 1.25 1.26 1.27 969 127 1,096 1,028 130 1,158 1,076 130 1,206 (Thousand Metric Tons) 1,132 1,182 1,232 131 131 132 1,263 1,314 1,363 1,280 132 1,413 1,331 133 1,464 1,383 133 1,516 1,435 134 1,568 1,810 50 127 1,987 1,502 52 130 1,684 1,538 53 130 1,721 1,574 54 131 1,759 1,610 55 131 1,796 1,646 56 132 1,833 1,683 57 132 1,872 1,721 58 133 1,911 1,758 59 133 1,950 1,796 60 134 1,989 1,834 60 134 2,028 -945 -588 -563 -553 -533 -520 -509 -499 -486 -473 -460 Soybean Meal Production Beginning Stocks Domestic Supply 1,427 8 1,435 1,182 14 1,196 1,211 16 1,226 1,239 16 1,255 1,267 16 1,283 1,295 16 1,312 1,325 16 1,341 1,354 17 1,371 1,384 17 1,401 1,413 17 1,431 1,443 17 1,461 Consumption Ending Stocks Domestic Use 1,969 14 1,983 2,080 16 2,096 2,106 16 2,122 2,137 16 2,153 2,162 16 2,178 2,193 16 2,209 2,227 17 2,244 2,257 17 2,274 2,286 17 2,303 2,321 17 2,338 2,358 17 2,376 -548 -900 -895 -898 -895 -898 -903 -902 -902 -908 -915 Soybean Oil Production Beginning Stocks Domestic Supply 324 13 337 269 11 280 275 12 287 282 11 293 288 12 300 295 12 306 301 12 313 308 12 320 315 12 327 321 12 334 328 12 341 Consumption Ending Stocks Domestic Use 236 11 247 242 12 254 243 11 254 245 12 257 248 12 260 251 12 263 254 12 266 257 12 269 260 12 272 263 12 275 266 12 279 90 26 33 36 40 43 47 51 55 58 62 Net Trade Net Trade Net Trade 13/14 14/15 Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. 238 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Paraguayan Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 2,800 2,848 2,894 2,949 (Thousand Hectares) 3,003 3,055 3,104 3,153 3,203 3,253 3,305 2.39 2.42 2.44 2.46 (Metric Tons per Hectare) 2.48 2.51 2.53 2.56 2.58 2.61 2.63 Production Beginning Stocks Domestic Supply 6,700 44 6,744 6,883 179 7,062 7,076 185 7,260 7,266 183 7,449 (Thousand Metric Tons) 7,455 7,658 7,865 183 183 183 7,638 7,841 8,049 8,070 184 8,254 8,264 184 8,448 8,476 184 8,660 8,683 185 8,867 Crush Food Use Feed Use Ending Stocks Domestic Use 1,550 0 130 179 1,859 1,665 0 134 185 1,983 1,718 0 133 183 2,034 1,772 0 134 183 2,089 1,822 0 135 183 2,140 1,874 0 136 183 2,193 1,924 0 136 184 2,244 1,979 0 137 184 2,300 2,033 0 138 184 2,355 2,089 0 139 185 2,413 2,148 0 140 185 2,473 4,885 5,079 5,227 5,360 5,498 5,648 5,804 5,954 6,093 6,247 6,395 1,209 25 1,234 1,299 21 1,320 1,340 28 1,368 1,382 25 1,408 1,421 24 1,446 1,462 24 1,485 1,501 23 1,524 1,543 23 1,567 1,586 23 1,609 1,630 23 1,652 1,676 22 1,698 149 21 170 158 28 186 169 25 194 182 24 207 196 24 220 209 23 233 222 23 245 235 23 258 248 23 271 263 22 285 277 22 299 1,064 1,134 1,174 1,201 1,226 1,253 1,279 1,309 1,338 1,367 1,399 287 15 302 308 18 326 318 19 337 328 18 346 337 18 355 347 17 364 356 17 373 366 17 383 376 16 393 387 16 403 398 16 413 38 18 56 39 19 58 40 18 58 40 18 58 41 17 58 41 17 59 42 17 59 43 16 59 43 16 59 44 16 60 45 15 60 246 268 280 288 297 306 315 324 333 343 353 Soybeans Area Harvested Yield Net Trade Soybean Meal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Soybean Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 14/15 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 239 South Korean Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 76 66 60 59 58 58 57 57 57 Yield 1.71 1.74 1.74 1.75 (Metric Tons per Hectare) 1.76 1.77 1.77 1.79 1.79 1.79 1.80 Production Beginning Stocks Domestic Supply 130 50 180 114 46 160 105 65 170 102 66 168 (Thousand Metric Tons) 102 102 102 69 70 70 170 172 172 103 70 173 103 71 174 103 71 174 102 72 175 881 403 50 46 1,380 871 415 46 65 1,397 847 415 43 66 1,372 851 417 43 69 1,380 846 418 42 70 1,376 845 418 42 70 1,375 851 419 42 70 1,383 858 419 42 71 1,391 859 420 42 71 1,393 863 420 42 72 1,398 866 421 42 74 1,403 -1,200 -1,237 -1,202 -1,211 -1,206 -1,204 -1,211 -1,218 -1,219 -1,223 -1,229 704 113 817 696 118 814 677 178 855 680 188 868 676 197 873 675 201 876 680 203 884 686 207 893 687 211 898 689 215 904 692 219 912 2,549 118 2,667 2,611 178 2,789 2,571 188 2,759 2,549 197 2,746 2,551 201 2,752 2,559 203 2,763 2,571 207 2,778 2,577 211 2,787 2,579 215 2,793 2,581 219 2,800 2,581 224 2,805 -1,850 -1,975 -1,904 -1,878 -1,879 -1,886 -1,894 -1,895 -1,896 -1,896 -1,893 Soybean Oil Production Beginning Stocks Domestic Supply 159 6 165 157 15 172 153 17 170 154 17 170 153 17 170 152 17 170 154 17 171 155 17 172 155 17 172 156 17 173 156 17 173 Consumption Ending Stocks Domestic Use 445 15 460 484 17 501 490 17 507 501 17 518 511 17 529 518 17 535 522 17 540 527 17 544 533 17 550 540 17 557 549 17 566 -295 -329 -337 -348 -359 -365 -369 -372 -378 -385 -393 Soybeans Area Harvested Crush Food Use Feed Use Ending Stocks Domestic Use Net Trade Soybean Meal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade 13/14 14/15 (Thousand Hectares) 58 58 240 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Taiwanese Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 0 60 60 0 70 70 0 85 85 0 87 87 1,970 270 0 70 2,310 1,931 280 0 85 2,296 1,948 282 0 87 2,316 1,969 286 0 91 2,346 1,988 289 0 95 2,372 2,007 292 0 98 2,397 -2,250 -2,226 -2,232 -2,259 -2,280 Soybean Meal Production Beginning Stocks Domestic Supply 1,555 18 1,573 1,524 19 1,543 1,537 23 1,560 1,554 24 1,578 Consumption Ending Stocks Domestic Use 1,644 19 1,663 1,657 23 1,680 1,651 24 1,675 -90 -137 Soybean Oil Production Beginning Stocks Domestic Supply 352 9 361 Consumption Ending Stocks Domestic Use Soybeans Production Beginning Stocks Domestic Supply Crush Food Use Feed Use Ending Stocks Domestic Use Net Trade Net Trade Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 0 0 0 91 95 98 91 95 98 0 102 102 0 104 104 0 107 107 0 109 109 2,026 295 0 102 2,423 2,046 298 0 104 2,448 2,066 300 0 107 2,472 2,086 303 0 109 2,498 2,107 306 0 112 2,524 -2,302 -2,325 -2,347 -2,368 -2,392 -2,415 1,569 25 1,594 1,584 26 1,610 1,599 27 1,626 1,615 28 1,643 1,631 29 1,659 1,646 29 1,676 1,663 30 1,693 1,658 25 1,683 1,682 26 1,708 1,711 27 1,737 1,743 28 1,771 1,769 29 1,797 1,791 29 1,820 1,810 30 1,840 1,826 31 1,857 -115 -105 -114 -127 -145 -154 -161 -164 -164 345 10 355 348 14 362 352 14 366 355 16 371 359 18 376 362 19 381 366 20 386 369 21 390 373 21 394 376 22 399 350 10 360 369 14 383 372 14 386 381 16 397 392 18 410 399 19 418 405 20 425 410 21 430 414 21 435 420 22 442 426 23 449 1 -28 -24 -31 -39 -42 -44 -45 -46 -48 -50 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 241 Rest-of-World Soybean Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 4,951 5,135 5,249 5,387 (Thousand Hectares) 5,516 5,644 5,775 5,903 6,032 6,162 6,291 1.62 1.64 1.65 1.65 (Metric Tons per Hectare) 1.65 1.66 1.66 1.67 1.67 1.68 1.68 8,043 633 8,676 8,406 298 8,704 8,635 324 8,959 8,880 316 9,196 (Thousand Metric Tons) 9,112 9,359 9,613 321 325 327 9,433 9,683 9,941 9,859 331 10,190 10,101 335 10,436 10,356 339 10,695 10,599 343 10,942 11,381 3,588 2,564 298 17,831 12,277 3,511 2,688 324 18,800 12,237 3,502 2,711 316 18,766 12,704 3,526 2,771 321 19,322 13,114 3,544 2,826 325 19,809 13,533 3,561 2,878 327 20,300 13,984 3,582 2,934 331 20,831 14,437 3,603 2,991 335 21,366 14,864 3,622 3,046 339 21,870 15,303 3,644 3,103 343 22,394 15,749 3,667 3,162 348 22,926 -9,155 -10,096 -9,807 -10,127 -10,376 -10,616 -10,891 -11,176 -11,434 -11,699 -11,984 9,142 385 9,527 9,823 521 10,343 9,791 639 10,430 10,164 641 10,805 10,493 666 11,158 10,828 683 11,511 11,188 701 11,889 11,551 728 12,279 11,892 754 12,646 12,244 778 13,022 12,601 804 13,404 30,830 521 31,351 32,425 639 33,064 33,581 641 34,222 35,123 666 35,789 36,484 683 37,167 37,800 701 38,501 39,257 728 39,985 40,636 754 41,390 41,993 778 42,772 43,348 804 44,151 44,658 827 45,485 -21,824 -22,721 -23,792 -24,984 -26,009 -26,990 -28,096 -29,111 -30,125 -31,129 -32,081 Soybean Oil Production Beginning Stocks Domestic Supply 2,078 278 2,356 2,233 357 2,590 2,226 375 2,601 2,310 357 2,667 2,385 361 2,746 2,461 368 2,829 2,543 371 2,914 2,626 371 2,997 2,703 372 3,075 2,783 373 3,157 2,864 377 3,241 Consumption Ending Stocks Domestic Use 5,757 357 6,114 5,742 375 6,117 5,686 357 6,042 5,847 361 6,208 5,994 368 6,362 6,107 371 6,478 6,205 371 6,576 6,357 372 6,729 6,504 373 6,878 6,642 377 7,019 6,765 383 7,148 -3,758 -3,527 -3,442 -3,541 -3,616 -3,649 -3,662 -3,732 -3,803 -3,862 -3,906 Soybeans Area Harvested Yield Production Beginning Stocks Domestic Supply Crush Food Use Feed Use Ending Stocks Domestic Use Net Trade Soybean Meal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade 14/15 242 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook World Rapeseed and Rapeseed Products The price spike of 2007/08 triggered a 20% increase in rapeseed production through a combination of expanded area and bumper yields. The resulting record-breaking crop faced a demand weakened by the global economic recession, and prices plummeted by almost 40% year on year. It is likely that the global scarcity of soybeans prevented a larger price decline. The demand recovery in 2009/10 increases the price only slightly, as large carryover stocks combine with a new record crop. Rapeseed prices are then expected to increase by 13% by the end of the projection period. The rapeseed meal price declined in 2008/09 and is expected to decline in the next two seasons, as large supplies become available because of expanded crush for oil, which outpaces the demand recovery. Meal prices then stabilize and grow moderately in the later period. Rapeseed oil is the driver of the complex, pushed by demand for biodiesel use in the EU. Unlike other products in the complex, the price of rapeseed oil recovers in 2009/10 and sustains strong growth during the outlook. The rapeseed oil price stays close to that of sunflower oil throughout the projection period. Area expansion in China and the EU combined with strong yields increased world rapeseed production by 2% in 2009/10 for a new record crop, despite smaller production in Canada and India. By 2019/20, world rapeseed production reaches 69 mmt. The largest producer, the EU, holds 35% of the market, while China’s production share declines to 21% over the next decade. World consumption increases 16% by 2019/20 as biodiesel demand in the EU continues to expand. Net exports of rapeseed increase to 11.4 mmt over the baseline, with Canada positioned as the dominant net exporter. However, Canada is expected to lose some market share to Ukraine and Other CIS countries. Canada’s rapeseed harvested area is expected to increase to 6.9 mha, pushing production to 13.9 mmt by 2019/20. Canada’s rapeseed-derived products are generally export oriented. By 2019/20, Canada’s net exports account for roughly 85% of the rapeseed meal and oil produced. Over the next decade, Canada’s rapeseed meal net exports reach 3.0 mmt, accounting for 63% of world net exports. Rapeseed oil net exports increase 40% by 2018/19, contributing almost 85% of world net exports. Ukraine maintains its recently acquired position as an important net exporter of rapeseed throughout the baseline. While its production declined from the bumper crop of 2008/09 as yield returned to normal levels, area harvested is expected to remain at much higher levels than in the previous decade. Because of a lack of crushing facilities, more than 80% of Ukraine’s annual production is expected to enter the world market by 2019/20. Rapeseed is expected to remain the dominant oilseed crop in the EU for the outlook period. Harvested area expanded recently and grows an additional 11% over the outlook period, reaching 7.36 mha by 2019/20. That area is expected to be 40% higher on average in the outlook period than in the previous decade. Because of extensive demand for biodiesel, rapeseed crush is projected to grow on average by 2.3% annually for the remainder of the baseline. Consumption of rapeseed oil continues to grow, driven by biodiesel demand, and reaches 11.8 mmt by 2019/20. Industrial uses account for all the consumption growth, as food demand declines because of the high prices. Despite the expansion in rapeseed production and crushing facilities, the demand for rapeseed oil outpaces the rapeseed crush volume. The EU imports increasing quantities of rapeseed oil throughout the baseline period. Net imports reach 0.9 mmt by 2019/20. On the other hand, and given the enhanced crush, the EU becomes a consistent net exporter of rapeseed meal. Chinese rapeseed production increases in 2009/10 by 10% as a result of higher area and strong yields, and imports retreat from the very high levels observed in the previous season. However, net imports of rapeseed remain high over the outlook period. Domestic crush expands at an average annual rate of 2%. Because of the growing livestock industry, rapeseed meal usage for feed increases by 12% over the outlook period, on top of the sharp growth observed in the past two seasons. World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 243 Rapeseed Trade 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,150 5,970 547 1,615 1,099 6,277 571 1,674 1,120 6,419 611 1,726 1,135 6,492 646 1,777 (Thousand Metric Tons) 1,145 1,153 1,161 6,478 6,588 6,694 682 719 754 1,828 1,880 1,933 1,172 6,796 791 1,987 1,185 6,953 829 2,043 1,200 7,047 870 2,099 1,209 7,125 911 2,157 9,282 9,621 9,876 10,050 10,134 10,340 10,543 10,747 11,010 11,216 11,402 1,150 1,550 15 2,200 568 3,137 662 914 1,977 15 2,176 590 3,287 662 942 2,123 15 2,192 587 3,354 662 874 2,307 15 2,197 583 3,412 662 801 2,373 15 2,199 578 3,505 662 782 2,495 15 2,201 574 3,610 662 777 2,591 15 2,208 571 3,718 662 784 2,722 15 2,215 564 3,784 662 864 2,846 15 2,222 558 3,843 662 897 2,969 15 2,224 553 3,897 662 935 3,071 15 2,226 550 3,944 662 Total Net Imports 9,282 9,621 9,876 10,050 10,134 10,340 10,543 10,747 11,010 11,216 11,402 Prices Cash Vancouver CIF Hamburg 386 397 398 409 399 410 404 415 (U.S. Dollars per Metric Ton) 407 410 414 419 421 426 423 435 430 443 437 450 436 450 Net Exporters Australia Canada Other CIS * Ukraine Total Net Exports † Net Importers China European Union India Japan United States Rest of World Residual 14/15 * Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. † Total net exports are the sum of all positive net exports and negative net imports. Rapeseed Meal Trade Net Exporters Canada European Union India Other CIS * Ukraine Total Net Exports † Net Importers China Japan United States Rest of World Residual Total Net Imports Price FOB Hamburg 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 2,095 50 800 162 50 2,222 77 772 166 63 2,313 135 842 174 76 2,404 190 862 183 89 (Thousand Metric Tons) 2,538 2,627 2,708 267 286 252 848 850 906 191 199 206 102 115 128 2,784 208 990 215 140 2,848 201 1,067 223 153 2,936 211 1,129 229 165 3,020 217 1,170 235 176 3,159 3,300 3,540 3,728 3,947 4,076 4,199 4,337 4,492 4,670 4,818 110 80 1,762 942 265 63 76 1,724 1,173 265 115 90 1,806 1,265 265 209 101 1,825 1,328 265 329 123 1,858 1,372 265 346 145 1,901 1,419 265 410 150 1,919 1,456 265 463 147 1,940 1,521 265 541 140 1,958 1,587 265 624 134 1,985 1,662 265 681 128 2,009 1,735 265 3,159 3,300 3,540 3,728 3,947 4,076 4,199 4,337 4,492 4,670 4,818 191 187 184 189 (U.S. Dollars per Metric Ton) 193 194 197 199 200 200 201 * Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. † Total net exports are the sum of all positive net exports and negative net imports. 244 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Rapeseed Oil Trade Net Exporters Australia Canada Other CIS * Ukraine Total Net Exports † Net Importers China European Union India Japan United States Rest of World Residual Total Net Imports Price FOB Hamburg 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 86 1,620 100 40 85 1,690 117 47 84 1,756 124 57 85 1,819 132 66 (Thousand Metric Tons) 86 88 90 1,920 1,989 2,048 138 144 151 75 85 94 92 2,104 158 103 94 2,151 165 112 97 2,216 172 120 99 2,275 178 129 1,846 1,938 2,021 2,102 2,220 2,306 2,383 2,457 2,522 2,604 2,680 240 250 22 40 861 133 300 81 489 22 42 850 155 300 61 556 22 44 875 163 300 122 552 22 46 887 172 300 191 587 22 48 904 168 300 237 614 22 50 922 160 300 268 655 22 52 937 149 300 267 733 22 54 935 146 300 240 819 22 56 937 149 300 239 891 22 58 940 154 300 246 929 22 60 955 169 300 1,846 1,938 2,021 2,102 2,220 2,306 2,383 2,457 2,522 2,604 2,680 952 985 1,016 1,032 (U.S. Dollars per Metric Ton) 1,036 1,045 1,066 1,104 1,136 1,165 1,172 * Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. † Total net exports are the sum of all positive net exports and negative net imports. World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 245 World Rapeseed Sector Supply and Utilization 09/10 10/11 11/12 12/13 Rapeseed Area Harvested 30,906 31,684 32,177 Production Beginning Stocks Domestic Supply 59,372 7,050 66,422 59,820 7,077 66,897 Crush Other Use Residual Ending Stocks Domestic Use 55,664 3,019 662 7,077 66,422 15/16 16/17 17/18 18/19 19/20 32,392 (Thousand Hectares) 32,609 32,798 32,934 33,079 33,269 33,443 33,608 61,226 7,093 68,319 62,111 7,156 69,267 (Thousand Metric Tons) 63,132 64,141 65,013 7,175 7,175 7,177 70,307 71,315 72,191 65,903 7,189 73,092 66,890 7,199 74,089 67,849 7,209 75,058 68,779 7,219 75,998 56,332 2,810 662 7,093 66,897 57,575 2,926 662 7,156 68,319 58,320 3,109 662 7,175 69,267 59,215 3,255 662 7,175 70,307 60,153 3,323 662 7,177 71,315 61,035 3,305 662 7,189 72,191 61,992 3,238 662 7,199 73,092 63,013 3,205 662 7,209 74,089 63,976 3,201 662 7,219 75,058 64,840 3,250 662 7,247 75,998 9,282 9,621 9,876 10,050 10,134 10,340 10,543 10,747 11,010 11,216 11,402 Rapeseed Meal Production Consumption Ending Stocks Trade * 32,946 32,699 400 3,159 33,336 33,062 409 3,300 34,068 33,794 418 3,540 34,497 34,232 418 3,728 35,011 34,747 417 3,947 35,554 35,286 419 4,076 36,067 35,800 421 4,199 36,626 36,358 424 4,337 37,226 36,959 427 4,492 37,789 37,520 430 4,670 38,295 38,026 434 4,818 Rapeseed Oil Production Consumption Ending Stocks Trade * 21,880 21,400 1,139 1,846 22,147 21,845 1,141 1,938 22,640 22,337 1,145 2,021 22,947 22,643 1,149 2,102 23,317 23,015 1,151 2,220 23,700 23,396 1,154 2,306 24,055 23,753 1,156 2,383 24,439 24,141 1,154 2,457 24,844 24,546 1,152 2,522 25,231 24,933 1,151 2,604 25,578 25,275 1,153 2,680 3.13 3.16 3.20 3.21 3.23 3.27 3.29 3.31 3.33 3.34 Trade * Per Capita Consumption * Excludes intraregional trade. 13/14 14/15 (Kilograms) 3.25 246 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook U.S. Canola Sector Supply and Utilization 09/10 10/11 11/12 12/13 Canola Area Harvested 329 380 381 381 Yield 2.03 1.72 1.74 Production Beginning Stocks Domestic Supply 669 201 870 652 188 840 1,220 31 188 1,439 Crush Other Use Ending Stocks Domestic Use Net Trade Canola Meal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Canola Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 387 393 402 409 415 1.76 (Metric Tons per Hectare) 1.78 1.80 1.82 1.84 1.86 1.88 1.90 662 187 849 668 189 858 (Thousand Metric Tons) 680 690 702 190 191 191 870 881 894 722 192 914 746 192 937 768 191 959 787 191 978 1,211 31 187 1,430 1,214 32 189 1,435 1,219 32 190 1,441 1,225 33 191 1,448 1,231 33 191 1,455 1,239 33 192 1,465 1,253 34 192 1,478 1,270 34 191 1,495 1,287 34 191 1,512 1,302 34 192 1,528 -568 -590 -587 -583 -578 -574 -571 -564 -558 -553 -550 739 5 744 734 5 739 735 5 741 738 5 744 742 5 747 745 5 751 750 5 756 759 5 764 769 5 774 779 5 785 788 5 794 2,501 5 2,506 2,457 5 2,463 2,541 5 2,547 2,564 5 2,569 2,600 5 2,605 2,647 5 2,652 2,669 5 2,675 2,699 5 2,704 2,727 5 2,733 2,764 5 2,770 2,797 5 2,802 -1,762 -1,724 -1,806 -1,825 -1,858 -1,901 -1,919 -1,940 -1,958 -1,985 -2,009 482 75 557 478 83 561 479 86 565 481 88 569 484 89 573 486 92 578 489 94 583 495 95 590 501 94 596 508 93 601 514 91 605 1,334 83 1,417 1,325 86 1,411 1,353 88 1,441 1,367 89 1,456 1,385 92 1,476 1,406 94 1,500 1,424 95 1,519 1,431 94 1,525 1,440 93 1,533 1,450 91 1,541 1,469 91 1,560 -861 -850 -875 -887 -904 -922 -937 -935 -937 -940 -955 (Thousand Hectares) 383 384 Note: Rapeseed varieties low in erucic acid and glucosinulates are produced under the name canola in Canada and the U.S. They are equivalent to 00 rapeseed varieties produced elsewhere. World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 247 Australian Rapeseed Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,265 1,260 1,271 1,273 (Thousand Hectares) 1,271 1,270 1,267 1,268 1,270 1,273 1,273 1.40 1.41 1.42 1.44 (Metric Tons per Hectare) 1.45 1.46 1.47 1.49 1.50 1.51 1.52 Production Beginning Stocks Domestic Supply 1,770 429 2,199 1,779 374 2,153 1,811 371 2,182 1,828 375 2,203 (Thousand Metric Tons) 1,842 1,856 1,868 375 376 378 2,217 2,232 2,245 1,885 378 2,263 1,904 378 2,282 1,924 378 2,302 1,939 379 2,318 Crush Other Use Ending Stocks Domestic Use 650 25 374 1,049 658 25 371 1,054 662 25 375 1,061 667 25 375 1,067 671 25 376 1,073 676 25 378 1,079 681 25 378 1,085 687 25 378 1,091 693 25 378 1,097 699 25 379 1,103 704 25 380 1,109 1,150 1,099 1,120 1,135 1,145 1,153 1,161 1,172 1,185 1,200 1,209 Rapeseed Meal Production Beginning Stocks Domestic Supply 374 0 374 379 0 379 381 0 381 384 0 384 386 0 386 389 0 389 392 0 392 395 0 395 399 0 399 402 0 402 405 0 405 Consumption Ending Stocks Domestic Use 372 0 372 379 0 379 381 0 381 384 0 384 386 0 386 389 0 389 392 0 392 395 0 395 399 0 399 402 0 402 405 0 405 2 0 0 0 0 0 0 0 0 0 0 Rapeseed Oil Production Beginning Stocks Domestic Supply 260 15 275 263 10 273 265 10 275 267 10 277 269 10 278 270 10 280 273 10 283 275 10 285 277 10 287 279 10 289 281 10 291 Consumption Ending Stocks Domestic Use 179 10 189 179 10 188 180 10 190 182 10 192 182 10 192 182 10 193 183 10 193 183 10 193 183 10 193 183 10 193 183 10 193 86 85 84 85 86 88 90 92 94 97 99 Rapeseed Area Harvested Yield Net Trade Net Trade Net Trade 14/15 248 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Canadian Canola Sector Supply and Utilization Canola Area Harvested Yield Production Beginning Stocks Domestic Supply Crush Other Use Ending Stocks Domestic Use Net Trade Canola Meal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Canola Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 6,162 6,256 6,373 6,421 (Thousand Hectares) 6,474 6,545 6,615 6,675 6,747 6,807 6,859 1.93 1.85 1.87 1.89 (Metric Tons per Hectare) 1.91 1.93 1.95 1.97 1.99 2.01 2.03 11,920 1,661 13,581 11,561 2,281 13,842 11,905 2,282 14,187 12,122 2,304 14,426 (Thousand Metric Tons) 12,352 12,620 12,886 2,310 2,310 2,299 14,662 14,930 15,185 13,139 2,297 15,436 13,414 2,302 15,716 13,670 2,304 15,974 13,913 2,305 16,218 4,700 450 2,281 7,431 4,821 462 2,282 7,565 4,988 476 2,304 7,768 5,143 482 2,310 7,934 5,388 486 2,310 8,184 5,555 488 2,299 8,343 5,701 493 2,297 8,491 5,839 499 2,302 8,640 5,955 504 2,304 8,763 6,112 509 2,305 8,927 6,261 516 2,316 9,093 5,970 6,277 6,419 6,492 6,478 6,588 6,694 6,796 6,953 7,047 7,125 2,700 21 2,721 2,770 26 2,796 2,865 26 2,891 2,954 26 2,981 3,095 26 3,122 3,191 26 3,218 3,275 26 3,301 3,354 26 3,381 3,421 26 3,447 3,511 26 3,538 3,597 26 3,623 600 26 626 547 26 573 552 26 579 550 26 577 557 26 583 565 26 591 567 26 594 570 26 596 573 26 599 575 26 602 577 26 603 2,095 2,222 2,313 2,404 2,538 2,627 2,708 2,784 2,848 2,936 3,020 2,000 58 2,058 2,052 78 2,130 2,122 78 2,200 2,188 78 2,266 2,293 78 2,371 2,364 78 2,442 2,426 78 2,504 2,485 78 2,563 2,534 78 2,612 2,601 78 2,679 2,664 78 2,742 360 78 438 362 78 440 366 78 444 369 78 448 373 78 451 375 78 453 378 78 456 381 78 458 383 78 461 385 78 463 389 78 467 1,620 1,690 1,756 1,819 1,920 1,989 2,048 2,104 2,151 2,216 2,275 Note: Rapeseed varieties low in erucic acid and glucosinulates are produced under the name canola in Canada and the U.S. They are equivalent to 00 rapeseed varieties produced elsewhere. World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 249 Chinese Rapeseed Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 7,000 7,157 7,191 7,152 (Thousand Hectares) 7,109 7,071 7,032 7,002 6,980 6,949 6,923 1.89 1.91 1.92 1.94 (Metric Tons per Hectare) 1.96 1.98 2.00 2.02 2.04 2.06 2.08 Production Beginning Stocks Domestic Supply 13,200 1,394 14,594 13,634 1,294 14,928 13,838 1,294 15,132 13,902 1,294 15,196 (Thousand Metric Tons) 13,957 14,020 14,080 1,294 1,294 1,294 15,251 15,314 15,374 14,154 1,294 15,448 14,246 1,294 15,540 14,317 1,294 15,611 14,399 1,294 15,693 Crush Other Use Ending Stocks Domestic Use 13,900 550 1,294 15,744 13,974 574 1,294 15,842 14,194 586 1,294 16,075 14,184 592 1,294 16,070 14,161 597 1,294 16,052 14,201 601 1,294 16,096 14,253 604 1,294 16,151 14,333 605 1,294 16,232 14,504 607 1,294 16,405 14,606 608 1,294 16,508 14,723 610 1,294 16,628 -1,150 -914 -942 -874 -801 -782 -777 -784 -864 -897 -935 Rapeseed Meal Production Beginning Stocks Domestic Supply 8,739 0 8,739 8,785 0 8,785 8,924 0 8,924 8,918 0 8,918 8,903 0 8,903 8,928 0 8,928 8,961 0 8,961 9,011 0 9,011 9,119 0 9,119 9,183 0 9,183 9,257 0 9,257 Feed Use Industrial Use Ending Stocks Domestic Use 8,484 365 0 8,849 8,472 376 0 8,849 8,652 387 0 9,039 8,734 393 0 9,126 8,834 398 0 9,232 8,871 404 0 9,274 8,964 407 0 9,371 9,064 411 0 9,475 9,245 415 0 9,660 9,388 419 0 9,807 9,516 422 0 9,938 -110 -63 -115 -209 -329 -346 -410 -463 -541 -624 -681 Rapeseed Oil Production Beginning Stocks Domestic Supply 4,935 291 5,226 4,961 364 5,325 5,040 364 5,404 5,036 364 5,400 5,028 364 5,392 5,042 364 5,406 5,060 364 5,424 5,089 364 5,453 5,149 364 5,513 5,186 364 5,550 5,227 364 5,591 Consumption Ending Stocks Domestic Use 5,102 364 5,466 5,042 364 5,406 5,101 364 5,465 5,158 364 5,522 5,219 364 5,583 5,279 364 5,643 5,329 364 5,693 5,356 364 5,720 5,389 364 5,753 5,424 364 5,788 5,473 364 5,837 -240 -81 -61 -122 -191 -237 -268 -267 -240 -239 -246 Rapeseed Area Harvested Yield Net Trade Net Trade Net Trade 14/15 250 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook European Union Rapeseed Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 6,600 6,816 6,901 6,931 (Thousand Hectares) 7,021 7,106 7,153 7,198 7,254 7,310 7,357 3.23 3.11 3.13 3.15 (Metric Tons per Hectare) 3.17 3.19 3.21 3.23 3.25 3.27 3.29 Production Beginning Stocks Domestic Supply 21,325 1,974 23,299 21,214 1,949 23,163 21,615 1,963 23,578 21,848 1,989 23,836 (Thousand Metric Tons) 22,272 22,685 22,976 1,996 1,988 1,994 24,267 24,673 24,970 23,266 2,002 25,267 23,590 2,005 25,595 23,920 2,010 25,930 24,222 2,016 26,238 Crush Other Use Ending Stocks Domestic Use 21,850 1,050 1,949 24,849 22,111 1,066 1,963 25,140 22,628 1,084 1,989 25,701 23,059 1,089 1,996 26,144 23,564 1,088 1,988 26,640 24,079 1,095 1,994 27,168 24,460 1,101 2,002 27,562 24,880 1,105 2,005 27,990 25,321 1,110 2,010 28,441 25,769 1,115 2,016 28,899 26,161 1,122 2,025 29,308 -1,550 -1,977 -2,123 -2,307 -2,373 -2,495 -2,591 -2,722 -2,846 -2,969 -3,071 Rapeseed Meal Production Beginning Stocks Domestic Supply 12,579 95 12,674 12,729 95 12,824 13,027 99 13,126 13,275 103 13,377 13,566 103 13,669 13,862 102 13,964 14,081 102 14,184 14,323 103 14,426 14,577 104 14,681 14,835 105 14,940 15,061 106 15,167 Consumption Ending Stocks Domestic Use 12,529 95 12,624 12,648 99 12,747 12,888 103 12,991 13,085 103 13,188 13,300 102 13,401 13,575 102 13,678 13,829 103 13,932 14,114 104 14,218 14,375 105 14,480 14,622 106 14,728 14,843 107 14,950 50 77 135 190 267 286 252 208 201 211 217 Rapeseed Oil Production Beginning Stocks Domestic Supply 9,068 376 9,444 9,176 489 9,665 9,391 491 9,882 9,570 493 10,063 9,779 494 10,273 9,993 493 10,486 10,151 494 10,645 10,325 495 10,820 10,509 495 11,003 10,694 495 11,189 10,857 495 11,352 Food Use Biodiesel and Industrial Use Other Use Ending Stocks Domestic Use 2,843 6,357 5 489 9,694 2,730 6,929 5 491 10,154 2,738 7,202 5 493 10,438 2,745 7,371 5 494 10,615 2,761 7,601 5 493 10,860 2,773 7,828 5 494 11,101 2,780 8,020 5 495 11,300 2,773 8,280 5 495 11,553 2,769 8,553 5 495 11,822 2,765 8,816 5 495 12,080 2,769 9,011 5 496 12,281 -250 -489 -556 -552 -587 -614 -655 -733 -819 -891 -929 Rapeseed Total Area Harvested Yield Net Trade Net Trade Net Trade 14/15 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 251 Indian Rapeseed Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 6,500 6,641 6,834 6,972 (Thousand Hectares) 7,050 7,082 7,106 7,131 7,166 7,205 7,253 1.02 1.02 1.03 1.04 (Metric Tons per Hectare) 1.05 1.05 1.06 1.07 1.08 1.09 1.09 Production Beginning Stocks Domestic Supply 6,600 976 7,576 6,796 630 7,426 7,047 635 7,682 7,245 642 7,887 (Thousand Metric Tons) 7,381 7,472 7,552 645 648 652 8,026 8,120 8,204 7,636 655 8,291 7,729 657 8,387 7,829 660 8,489 7,939 662 8,601 Crush Other Use Ending Stocks Domestic Use 6,200 761 630 7,591 6,309 497 635 7,441 6,491 565 642 7,697 6,528 729 645 7,902 6,528 865 648 8,041 6,565 917 652 8,135 6,680 884 655 8,219 6,845 803 657 8,306 6,987 755 660 8,402 7,104 738 662 8,504 7,181 768 666 8,616 -15 -15 -15 -15 -15 -15 -15 -15 -15 -15 -15 Rapeseed Meal Production Beginning Stocks Domestic Supply 3,709 223 3,932 3,774 212 3,986 3,883 212 4,095 3,905 212 4,117 3,905 212 4,117 3,928 212 4,140 3,996 212 4,208 4,095 212 4,307 4,180 212 4,392 4,250 212 4,462 4,296 212 4,508 Consumption Ending Stocks Domestic Use 2,920 212 3,132 3,002 212 3,214 3,041 212 3,253 3,043 212 3,255 3,057 212 3,269 3,078 212 3,290 3,091 212 3,303 3,105 212 3,317 3,112 212 3,324 3,121 212 3,333 3,126 212 3,338 800 772 842 862 848 850 906 990 1,067 1,129 1,170 Rapeseed Oil Production Beginning Stocks Domestic Supply 2,341 44 2,385 2,382 55 2,437 2,451 55 2,506 2,465 55 2,520 2,465 55 2,520 2,479 55 2,534 2,522 55 2,577 2,585 55 2,640 2,638 55 2,693 2,682 55 2,737 2,712 55 2,767 Consumption Ending Stocks Domestic Use 2,352 55 2,407 2,404 55 2,459 2,473 55 2,528 2,487 55 2,542 2,487 55 2,542 2,501 55 2,556 2,544 55 2,599 2,607 55 2,662 2,660 55 2,715 2,704 55 2,759 2,734 55 2,789 -22 -22 -22 -22 -22 -22 -22 -22 -22 -22 -22 Rapeseed Area Harvested Yield Net Trade Net Trade Net Trade 14/15 252 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Japanese Rapeseed Sector Supply and Utilization 15/16 16/17 17/18 18/19 19/20 1 1 1 1 1 1.03 (Metric Tons per Hectare) 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1 73 74 1 74 75 (Thousand Metric Tons) 1 1 1 75 74 74 76 75 76 1 75 76 1 74 76 1 74 76 1 74 76 2,173 5 73 2,252 2,188 5 74 2,267 2,193 5 75 2,272 2,196 5 74 2,275 2,197 5 74 2,276 2,204 5 75 2,284 2,212 5 74 2,291 2,218 5 74 2,298 2,220 5 74 2,300 2,222 5 75 2,302 -2,200 -2,176 -2,192 -2,197 -2,199 -2,201 -2,208 -2,215 -2,222 -2,224 -2,226 Rapeseed Meal Production Beginning Stocks Domestic Supply 1,238 16 1,254 1,234 14 1,248 1,242 14 1,257 1,245 15 1,261 1,247 15 1,262 1,248 15 1,262 1,252 15 1,266 1,256 15 1,271 1,260 15 1,275 1,261 15 1,276 1,262 16 1,278 Consumption Ending Stocks Domestic Use 1,320 14 1,334 1,310 14 1,324 1,331 15 1,346 1,346 15 1,362 1,371 15 1,386 1,393 15 1,407 1,401 15 1,416 1,403 15 1,418 1,400 15 1,415 1,395 16 1,410 1,389 16 1,405 -80 -76 -90 -101 -123 -145 -150 -147 -140 -134 -128 Rapeseed Oil Production Beginning Stocks Domestic Supply 876 16 892 873 13 886 879 11 890 881 11 892 882 11 894 883 11 894 886 11 897 889 11 900 891 10 902 892 10 902 893 9 902 Consumption Ending Stocks Domestic Use 919 13 932 918 11 929 923 11 934 927 11 938 930 11 941 933 11 944 938 11 949 943 10 954 948 10 958 950 9 960 952 10 962 -40 -42 -44 -46 -48 -50 -52 -54 -56 -58 -60 Rapeseed Area Harvested Yield Production Beginning Stocks Domestic Supply Crush Other Use Ending Stocks Domestic Use Net Trade Net Trade Net Trade 09/10 10/11 11/12 12/13 1 1 1 1 1.00 1.01 1.02 1 59 60 1 75 76 2,180 5 75 2,260 13/14 14/15 (Thousand Hectares) 1 1 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 253 Other CIS Rapeseed Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,115 1,158 1,189 1,214 (Thousand Hectares) 1,238 1,261 1,284 1,307 1,330 1,354 1,377 1.32 1.34 1.36 1.38 (Metric Tons per Hectare) 1.40 1.42 1.44 1.45 1.47 1.49 1.51 Production Beginning Stocks Domestic Supply 1,475 267 1,742 1,553 235 1,788 1,617 236 1,853 1,674 238 1,911 (Thousand Metric Tons) 1,730 1,786 1,842 239 240 241 1,968 2,026 2,083 1,899 242 2,141 1,958 242 2,201 2,019 243 2,261 2,079 243 2,322 Crush Other Use Ending Stocks Domestic Use 920 40 235 1,195 939 42 236 1,217 961 44 238 1,242 981 45 239 1,265 1,000 47 240 1,286 1,018 48 241 1,307 1,038 49 242 1,329 1,058 50 242 1,350 1,077 52 243 1,371 1,095 53 243 1,392 1,113 54 244 1,411 547 571 611 646 682 719 754 791 829 870 911 Rapeseed Meal Production Beginning Stocks Domestic Supply 546 0 546 557 0 557 570 0 570 582 0 582 593 0 593 604 0 604 616 0 616 628 0 628 639 0 639 650 0 650 661 0 661 Consumption Ending Stocks Domestic Use 384 0 384 391 0 391 397 0 397 399 0 399 402 0 402 406 0 406 410 0 410 413 0 413 417 0 417 421 0 421 426 0 426 162 166 174 183 191 199 206 215 223 229 235 Rapeseed Oil Production Beginning Stocks Domestic Supply 358 21 379 365 11 376 374 11 385 382 11 393 389 11 400 396 11 407 404 11 415 412 11 423 419 11 430 426 11 437 433 11 444 Consumption Ending Stocks Domestic Use 268 11 279 249 11 260 250 11 261 250 11 261 251 11 262 252 11 263 253 11 264 253 11 264 254 11 265 254 11 265 255 11 266 100 117 124 132 138 144 151 158 165 172 178 Rapeseed Area Harvested Yield Net Trade Net Trade Net Trade 14/15 Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. 254 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Ukrainian Rapeseed Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,300 1,310 1,317 1,323 (Thousand Hectares) 1,329 1,335 1,341 1,346 1,352 1,358 1,365 1.46 1.51 1.56 1.61 (Metric Tons per Hectare) 1.66 1.71 1.76 1.81 1.86 1.91 1.96 1,900 2 1,902 1,979 8 1,987 2,057 8 2,065 2,133 8 2,141 (Thousand Metric Tons) 2,209 2,285 2,361 8 8 8 2,217 2,293 2,369 2,439 8 2,447 2,517 8 2,525 2,597 8 2,605 2,677 8 2,685 269 10 8 287 295 10 8 313 320 11 8 339 345 11 8 364 369 11 8 388 393 11 8 412 417 12 8 436 440 12 8 460 463 12 8 483 485 12 8 505 507 13 8 527 1,615 1,674 1,726 1,777 1,828 1,880 1,933 1,987 2,043 2,099 2,157 Rapeseed Meal Production Beginning Stocks Domestic Supply 152 0 152 166 0 166 181 0 181 195 0 195 209 0 209 222 0 222 235 0 235 248 0 248 261 0 261 274 0 274 286 0 286 Consumption Ending Stocks Domestic Use 102 0 102 104 0 104 105 0 105 106 0 106 107 0 107 107 0 107 108 0 108 108 0 108 109 0 109 109 0 109 110 0 110 50 63 76 89 102 115 128 140 153 165 176 104 7 111 114 4 118 124 4 128 133 4 137 143 4 147 152 4 156 161 4 165 170 4 174 179 4 182 187 4 191 196 4 200 67 4 71 67 4 71 67 4 71 67 4 71 67 4 71 67 4 71 67 4 71 67 4 71 67 4 71 67 4 71 67 4 71 40 47 57 66 75 85 94 103 112 120 129 Rapeseed Area Harvested Yield Production Beginning Stocks Domestic Supply Crush Other Use Ending Stocks Domestic Use Net Trade Net Trade Rapeseed Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 14/15 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 255 Rest-of-World Rapeseed Sector Supply and Utilization 09/10 10/11 11/12 12/13 Rapeseed Area Harvested 696 705 718 725 Yield 0.91 0.92 0.94 Production Beginning Stocks Domestic Supply 632 87 719 651 43 694 15/16 16/17 17/18 18/19 19/20 749 758 767 777 785 0.95 (Metric Tons per Hectare) 0.97 0.98 0.99 1.01 1.02 1.04 1.05 673 43 717 690 44 734 (Thousand Metric Tons) 708 726 744 44 45 45 753 771 789 763 46 809 784 46 829 804 46 850 824 46 870 3,775 97 43 3,915 3,840 98 43 3,981 3,929 98 44 4,071 4,002 99 44 4,145 4,114 99 45 4,257 4,237 99 45 4,381 4,363 100 46 4,508 4,446 100 46 4,592 4,526 101 46 4,673 4,600 102 46 4,748 4,665 102 47 4,814 -3,137 -3,287 -3,354 -3,412 -3,505 -3,610 -3,718 -3,784 -3,843 -3,897 -3,944 Rapeseed Meal Production Beginning Stocks Domestic Supply 2,170 58 2,228 2,208 48 2,255 2,258 52 2,311 2,301 56 2,357 2,365 56 2,421 2,436 56 2,492 2,508 58 2,566 2,556 59 2,615 2,602 61 2,663 2,644 63 2,707 2,682 65 2,747 Consumption Ending Stocks Domestic Use 3,122 48 3,170 3,376 52 3,428 3,520 56 3,576 3,629 56 3,685 3,736 56 3,792 3,853 58 3,911 3,963 59 4,022 4,075 61 4,136 4,187 63 4,250 4,304 65 4,369 4,415 67 4,482 -942 -1,173 -1,265 -1,328 -1,372 -1,419 -1,456 -1,521 -1,587 -1,662 -1,735 Rapeseed Oil Production Beginning Stocks Domestic Supply 1,456 56 1,512 1,481 32 1,514 1,516 32 1,548 1,544 32 1,576 1,587 32 1,619 1,635 33 1,668 1,683 34 1,717 1,715 34 1,749 1,746 34 1,780 1,774 34 1,808 1,800 34 1,834 Consumption Ending Stocks Domestic Use 1,614 32 1,646 1,637 32 1,669 1,679 32 1,710 1,716 32 1,748 1,754 33 1,787 1,794 34 1,828 1,832 34 1,866 1,862 34 1,896 1,894 34 1,928 1,928 34 1,962 1,968 35 2,003 -133 -155 -163 -172 -168 -160 -149 -146 -149 -154 -169 Crush Other Use Ending Stocks Domestic Use Net Trade Net Trade Net Trade 13/14 14/15 (Thousand Hectares) 734 742 256 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook World Sunflower Seed and Sunflower Seed Products The sunflower seed price decreased by 50% in 2008/09, plunging below the prices of both soybeans and rapeseed for the first time since 1996/97. It increases in 2009/10 as supplies are tighter relative to that of other oilseeds. Thereafter, the world price returns to its historical place above the prices of rapeseed and soybean. As in the case of the seed, sunflower meal prices recover slightly in 2009/10 with the demand recovery from the livestock sector and lower supplies. The price weakens in the outer years, pressured by strong crushing for oil purposes. The sunflower oil price declined 49% in 2008/09 because of the economic slowdown and strong supplies. The price recovers in 2009/10 and stays close to that of other vegetable oils for the remainder of the decade. The world sunflower crop in 2009/10 declined by 10% from the record-breaking production of 2008/09. Despite this reduction, it is the second-largest crop on record. This reduction is due to declines by almost every major producer, in particular Argentina, Ukraine, and Other CIS countries. Thereafter production grows about 2% annually throughout the outlook period, with strong expansion in these same three countries. Total net trade expands 52%, to 0.9 mmt, over the next decade. Ukraine and Other CIS account for almost 67% of world net exports by 2019/20. Argentina remains a small net exporter as most of the production is crushed domestically. World sunflower meal production increases steadily, from the current level of 12.1 mmt to 14.1 mmt by 2019/20. Consumption develops at an annual rate of 1.3% over the outlook period. World net trade in sunflower meal grows by 8%, to 3.2 mmt. Similar development can be seen in the sunflower oil market. World production declined by 4% in 2009/10, but it expands by 17% by the end of the outlook. Net trade expands to 4.2 mmt. The average world per capita consumption increases at a modest 0.3% annually over the next 10 years constrained by high prices. In both sunflower meal and oil, Argentina and Ukraine are the dominant exporters, while the EU remains the most significant buyer in the international market. Argentine sunflower production decreased 20% in 2009/10 as area shifted to other crops, mostly soybeans. Area recovers throughout the outlook, but Argentina’s market contribution remains at around 9% of global production. More than 95% of production is used domestically by an export-oriented crushing industry. The differential export tax encourages producers to export more derived products other than sunflower seeds. Argentina exports more than 50% of its sunflower meal production and about 70% of its sunflower oil production throughout the baseline. Argentina holds a 25% share of world sunflower oil net exports, and its place as the second-largest next exporter is challenged by the Other CIS countries. EU sunflower area increases only slightly in 2009/10, but this combined with lower yields leads to a 2% decline in output. The consistent production expansion, which reaches 7.4mmt by 2019/20, is the result of yield improvements, as area is expected to decline slightly. Domestic consumption growth of sunflower oil for food and industrial uses outpaces the production expansion, generating a moderate increase in demand for imports. Sunflower oil net imports grow 10% over the outlook period. The EU remains the leading sunflower meal and oil net importer, accounting for 44% and 23% of these world markets, respectively, by 2019/20. World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 257 Sunflower Seed Trade 09/10 10/11 11/12 12/13 -115 95 203 395 109 53 95 263 362 69 53 102 321 254 63 88 117 343 233 79 816 857 807 873 901 50 651 -14 185 672 -14 133 674 -14 146 727 -14 Total Net Imports 816 857 807 873 Price CIF Lower Rhine 401 422 420 429 Net Exporters Argentina China Other CIS * Ukraine United States Total Net Exports † Net Importers European Union Rest of World Residual 13/14 14/15 15/16 16/17 17/18 18/19 19/20 76 158 348 217 93 60 164 350 216 96 48 169 353 213 98 32 171 354 227 96 17 172 356 246 94 895 906 899 895 895 901 137 764 -14 101 794 -14 95 811 -14 72 827 -14 57 838 -14 42 852 -14 40 861 -14 901 895 906 899 895 895 901 (U.S. Dollars per Metric Ton) 428 430 439 443 448 451 451 (Thousand Metric Tons) 88 80 136 149 351 346 233 223 80 83 * Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. † Total net exports are the sum of all positive net exports and negative net imports. Sunflower Meal Trade Net Exporters Argentina Other CIS * Ukraine United States Total Net Exports † Net Importers China European Union Rest of World Residual Total Net Imports Price CIF Rotterdam 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 686 472 1,800 7 569 401 1,906 7 609 390 1,901 7 629 413 1,902 7 (Thousand Metric Tons) 642 661 678 418 417 417 1,909 1,920 1,933 7 7 7 700 425 1,949 7 722 430 1,966 7 744 426 1,982 7 768 416 1,999 7 2,967 2,884 2,909 2,953 2,978 3,007 3,037 3,083 3,126 3,161 3,193 -2 1,520 1,340 107 -2 1,400 1,377 107 -2 1,437 1,364 107 -2 1,465 1,380 107 -2 1,428 1,442 107 -2 1,416 1,484 107 -2 1,402 1,528 107 -2 1,409 1,566 107 -2 1,410 1,610 107 -2 1,406 1,648 107 -2 1,404 1,682 107 2,967 2,884 2,909 2,953 2,978 3,007 3,037 3,083 3,126 3,161 3,193 181 188 184 190 (U.S. Dollars per Metric Ton) 188 188 188 187 185 184 183 * Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. † Total net exports are the sum of all positive net exports and negative net imports. 258 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Sunflower Oil Trade 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 880 452 2,000 71 727 422 2,100 63 783 462 2,109 54 807 505 2,116 51 (Thousand Metric Tons) 832 862 889 546 588 632 2,124 2,138 2,157 48 47 46 921 675 2,175 47 954 719 2,196 48 987 763 2,216 51 1,021 807 2,236 53 3,403 3,313 3,407 3,479 3,550 3,635 3,724 3,818 3,918 4,017 4,117 60 870 2,097 376 59 836 2,043 376 72 867 2,093 376 84 867 2,152 376 97 856 2,221 376 108 870 2,281 376 117 873 2,357 376 128 897 2,417 376 138 916 2,487 376 150 936 2,556 376 161 950 2,630 376 Total Net Imports 3,403 3,313 3,407 3,479 3,550 3,635 3,724 3,818 3,918 4,017 4,117 Price FOB NW Europe 951 996 1,025 1,046 (U.S. Dollars per Metric Ton) 1,057 1,076 1,105 1,131 1,156 1,178 1,193 Net Exporters Argentina Other CIS * Ukraine United States Total Net Exports † Net Importers China European Union Rest of World Residual 14/15 * Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. † Total net exports are the sum of all positive net exports and negative net imports. World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 259 World Sunflower Sector Supply and Utilization 09/10 10/11 11/12 12/13 Sunflower Seed Area Harvested 22,251 22,989 23,341 Production Beginning Stocks Domestic Supply 30,349 2,956 33,305 31,832 2,062 33,894 Crush Other Use Residual Ending Stocks Domestic Use 27,553 3,704 -14 2,062 33,305 15/16 16/17 17/18 18/19 19/20 23,434 (Thousand Hectares) 23,567 23,691 23,827 23,983 24,129 24,282 24,431 32,493 2,044 34,537 32,890 2,076 34,966 (Thousand Metric Tons) 33,355 33,805 34,265 2,083 2,096 2,107 35,438 35,901 36,372 34,753 2,112 36,865 35,231 2,123 37,354 35,723 2,129 37,852 36,211 2,139 38,350 28,112 3,752 -14 2,044 33,894 28,656 3,819 -14 2,076 34,537 29,055 3,842 -14 2,083 34,966 29,480 3,876 -14 2,096 35,438 29,901 3,907 -14 2,107 35,901 30,341 3,933 -14 2,112 36,372 30,791 3,965 -14 2,123 36,865 31,246 3,993 -14 2,129 37,354 31,704 4,024 -14 2,139 37,852 32,161 4,054 -14 2,149 38,350 816 857 807 873 901 895 906 899 895 895 901 Sunflower Meal Production Consumption Ending Stocks Trade * 12,143 12,301 271 2,967 12,362 12,254 272 2,884 12,590 12,477 277 2,909 12,757 12,649 278 2,953 12,938 12,830 279 2,978 13,113 13,004 281 3,007 13,298 13,188 283 3,037 13,484 13,375 285 3,083 13,674 13,565 287 3,126 13,864 13,755 289 3,161 14,054 13,946 290 3,193 Sunflower Oil Production Consumption Ending Stocks Trade * 11,239 11,189 781 3,403 11,452 11,076 780 3,313 11,674 11,293 785 3,407 11,837 11,459 787 3,479 12,011 11,635 787 3,550 12,183 11,805 789 3,635 12,363 11,987 789 3,724 12,548 12,171 790 3,818 12,734 12,358 790 3,918 12,922 12,545 791 4,017 13,110 12,732 793 4,117 1.64 1.60 1.62 1.62 1.63 1.65 1.66 1.67 1.68 1.68 Trade * Per Capita Consumption * Excludes intraregional trade. 13/14 14/15 (Kilograms) 1.64 260 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook U.S. Sunflower Sector Supply and Utilization 09/10 10/11 11/12 12/13 Sunflower Seed Area Harvested 791 794 801 798 Yield 1.74 1.65 1.66 Production Beginning Stocks Domestic Supply 1,377 224 1,601 1,309 191 1,501 Crush Food Ending Stocks Domestic Use 689 612 191 1,493 15/16 16/17 17/18 18/19 19/20 796 798 800 801 803 1.68 (Metric Tons per Hectare) 1.70 1.71 1.73 1.75 1.77 1.78 1.80 1,333 179 1,512 1,341 186 1,527 (Thousand Metric Tons) 1,351 1,359 1,377 187 190 192 1,538 1,549 1,568 1,395 193 1,588 1,412 195 1,607 1,429 196 1,625 1,445 198 1,643 661 591 179 1,431 663 600 186 1,449 660 602 187 1,448 661 606 190 1,458 666 609 192 1,466 671 612 193 1,476 681 617 195 1,493 694 620 196 1,509 708 623 198 1,528 721 627 200 1,549 109 69 63 79 80 83 93 96 98 96 94 Sunflower Meal Production Beginning Stocks Domestic Supply 335 5 340 322 5 326 323 5 327 321 5 326 322 5 327 324 5 329 326 5 331 332 5 336 338 5 342 344 5 349 351 5 356 Consumption Ending Stocks Domestic Use 328 5 333 315 5 319 316 5 320 314 5 319 315 5 320 317 5 322 319 5 324 325 5 329 331 5 335 337 5 342 344 5 349 7 7 7 7 7 7 7 7 7 7 7 Sunflower Oil Production Beginning Stocks Domestic Supply 296 50 346 284 45 328 284 44 328 283 44 327 284 44 328 286 44 330 288 45 332 292 45 337 298 45 343 304 45 349 309 45 355 Consumption Ending Stocks Domestic Use 229 45 274 221 44 265 230 44 274 232 44 276 235 44 280 239 45 283 242 45 286 245 45 290 249 45 294 252 45 298 256 46 301 71 63 54 51 48 47 46 47 48 51 53 Net Trade Net Trade Net Trade 13/14 14/15 (Thousand Hectares) 796 793 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 261 Argentine Sunflower Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,400 1,729 1,816 1,862 (Thousand Hectares) 1,893 1,919 1,945 1,972 2,000 2,028 2,056 1.64 1.66 1.67 1.69 (Metric Tons per Hectare) 1.70 1.72 1.73 1.75 1.76 1.78 1.79 Production Beginning Stocks Domestic Supply 2,300 1,005 3,305 2,866 710 3,576 3,037 702 3,739 3,142 708 3,850 (Thousand Metric Tons) 3,221 3,295 3,368 710 714 717 3,931 4,009 4,084 3,444 717 4,161 3,523 719 4,242 3,602 718 4,320 3,682 719 4,401 Crush Other Use Ending Stocks Domestic Use 2,600 110 710 3,420 2,697 124 702 3,523 2,850 129 708 3,686 2,921 131 710 3,762 2,996 133 714 3,843 3,079 134 717 3,930 3,156 136 717 4,009 3,246 137 719 4,101 3,337 138 718 4,194 3,429 140 719 4,288 3,523 141 719 4,384 -115 53 53 88 88 80 76 60 48 32 17 1,100 196 1,296 1,141 40 1,181 1,206 39 1,245 1,236 41 1,277 1,268 41 1,308 1,303 41 1,344 1,335 42 1,377 1,373 42 1,415 1,412 43 1,455 1,451 43 1,494 1,491 44 1,534 570 40 610 573 39 612 596 41 636 607 41 648 625 41 666 641 42 683 656 42 699 673 43 716 690 43 733 706 44 750 722 44 766 686 569 609 629 642 661 678 700 722 744 768 1,075 267 1,342 1,115 75 1,190 1,178 74 1,252 1,208 74 1,282 1,239 74 1,313 1,273 75 1,348 1,305 75 1,380 1,342 75 1,417 1,380 75 1,454 1,418 74 1,492 1,457 74 1,531 387 75 462 389 74 463 395 74 470 401 74 475 406 75 481 411 75 486 416 75 491 421 75 496 426 74 500 431 74 505 436 74 510 880 727 783 807 832 862 889 921 954 987 1,021 Sunflower Seed Area Harvested Yield Net Trade Sunflower Meal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Sunflower Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 14/15 262 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Chinese Sunflower Sector Supply and Utilization 09/10 10/11 11/12 12/13 Sunflower Seed Area Harvested 870 862 859 861 Yield 1.72 1.78 1.79 Production Beginning Stocks Domestic Supply 1,500 0 1,500 1,534 0 1,534 Crush Food Use Other Use Ending Stocks Domestic Use 655 655 95 0 1,405 15/16 16/17 17/18 18/19 19/20 871 870 868 864 860 1.80 (Metric Tons per Hectare) 1.81 1.82 1.83 1.84 1.85 1.86 1.87 1,538 0 1,538 1,550 0 1,550 (Thousand Metric Tons) 1,571 1,585 1,595 0 0 0 1,571 1,585 1,595 1,601 0 1,601 1,606 0 1,606 1,608 0 1,608 1,608 0 1,608 673 673 93 0 1,439 662 681 93 0 1,436 654 687 93 0 1,434 646 696 93 0 1,435 641 702 94 0 1,436 637 706 94 0 1,437 633 710 94 0 1,438 629 715 94 0 1,437 624 719 93 0 1,437 620 724 93 0 1,436 95 95 102 117 136 149 158 164 169 171 172 Sunflower Meal Production Beginning Stocks Domestic Supply 359 0 359 369 0 369 363 0 363 358 0 358 354 0 354 351 0 351 349 0 349 347 0 347 345 0 345 342 0 342 340 0 340 Feed Use Industrial Use Ending Stocks Domestic Use 317 40 0 357 325 42 0 367 317 44 0 361 310 46 0 356 304 48 0 352 299 50 0 349 295 53 0 347 290 55 0 345 286 57 0 343 281 59 0 340 276 62 0 338 2 2 2 2 2 2 2 2 2 2 2 Sunflower Oil Production Beginning Stocks Domestic Supply 234 0 234 240 0 240 236 0 236 234 0 234 231 0 231 229 0 229 228 0 228 226 0 226 225 0 225 223 0 223 221 0 221 Consumption Ending Stocks Domestic Use 294 0 294 299 0 299 308 0 308 318 0 318 328 0 328 337 0 337 345 0 345 354 0 354 363 0 363 373 0 373 382 0 382 -60 -59 -72 -84 -97 -108 -117 -128 -138 -150 -161 Net Trade Net Trade Net Trade 13/14 14/15 (Thousand Hectares) 868 871 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 263 European Union Sunflower Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 3,915 3,801 3,845 3,828 (Thousand Hectares) 3,840 3,851 3,849 3,847 3,843 3,839 3,830 1.75 1.77 1.79 1.80 (Metric Tons per Hectare) 1.82 1.84 1.86 1.88 1.90 1.92 1.94 Production Beginning Stocks Domestic Supply 6,840 762 7,602 6,714 652 7,366 6,865 654 7,520 6,909 667 7,576 (Thousand Metric Tons) 7,005 7,098 7,168 669 668 670 7,674 7,765 7,838 7,240 672 7,912 7,306 676 7,982 7,371 679 8,050 7,429 683 8,112 Crush Other Use Ending Stocks Domestic Use 6,150 850 652 7,652 6,051 845 654 7,551 6,120 865 667 7,652 6,184 868 669 7,721 6,274 870 668 7,811 6,321 876 670 7,867 6,381 880 672 7,933 6,422 886 676 7,983 6,469 891 679 8,039 6,513 897 683 8,092 6,562 903 687 8,152 -50 -185 -133 -146 -137 -101 -95 -72 -57 -42 -40 Sunflower Meal Production Beginning Stocks Domestic Supply 3,357 305 3,662 3,303 200 3,503 3,341 201 3,542 3,376 204 3,580 3,425 204 3,628 3,450 204 3,654 3,483 204 3,688 3,505 205 3,711 3,531 206 3,737 3,555 207 3,762 3,582 208 3,790 Consumption Ending Stocks Domestic Use 4,982 200 5,182 4,702 201 4,903 4,775 204 4,979 4,841 204 5,045 4,853 204 5,057 4,866 204 5,070 4,884 205 5,090 4,914 206 5,120 4,940 207 5,147 4,960 208 5,169 4,985 209 5,194 -1,520 -1,400 -1,437 -1,465 -1,428 -1,416 -1,402 -1,409 -1,410 -1,406 -1,404 Sunflower Oil Production Beginning Stocks Domestic Supply 2,443 140 2,583 2,404 232 2,636 2,431 234 2,665 2,457 239 2,696 2,492 240 2,732 2,511 238 2,749 2,535 238 2,773 2,551 239 2,790 2,570 240 2,810 2,587 241 2,828 2,607 242 2,849 Food Use Biodiesel and Industrial Use Other Use Ending Stocks Domestic Use 2,899 270 52 232 3,453 2,888 350 0 234 3,471 2,929 364 0 239 3,532 2,950 373 0 240 3,563 2,968 383 0 238 3,589 2,986 394 0 238 3,619 3,002 406 0 239 3,647 3,025 422 0 240 3,687 3,045 439 0 241 3,726 3,066 456 0 242 3,764 3,085 471 0 244 3,799 -870 -836 -867 -867 -856 -870 -873 -897 -916 -936 -950 Sunflower Seed Total Area Harvested Yield Net Trade Net Trade Net Trade 14/15 264 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Other CIS Sunflower Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 6,470 6,685 6,839 6,937 (Thousand Hectares) 7,026 7,105 7,188 7,275 7,360 7,443 7,525 1.12 1.16 1.17 1.18 (Metric Tons per Hectare) 1.19 1.20 1.21 1.22 1.23 1.24 1.25 Production Beginning Stocks Domestic Supply 7,250 604 7,854 7,762 284 8,046 8,006 285 8,291 8,188 288 8,475 (Thousand Metric Tons) 8,359 8,521 8,689 289 292 294 8,648 8,813 8,983 8,864 295 9,159 9,037 296 9,333 9,210 297 9,507 9,383 298 9,682 Crush Other Use Ending Stocks Domestic Use 6,620 747 284 7,651 6,724 774 285 7,783 6,901 782 288 7,970 7,057 787 289 8,133 7,213 793 292 8,297 7,374 798 294 8,466 7,538 802 295 8,635 7,706 807 296 8,808 7,872 811 297 8,980 8,040 815 298 9,153 8,206 820 300 9,325 203 263 321 343 351 346 348 350 353 354 356 Sunflower Meal Production Beginning Stocks Domestic Supply 2,477 16 2,493 2,516 15 2,531 2,582 15 2,597 2,641 15 2,656 2,699 16 2,714 2,759 16 2,775 2,820 16 2,836 2,883 16 2,899 2,945 16 2,962 3,008 17 3,025 3,070 17 3,087 Consumption Ending Stocks Domestic Use 2,006 15 2,021 2,115 15 2,130 2,191 15 2,207 2,228 16 2,243 2,281 16 2,296 2,342 16 2,358 2,404 16 2,420 2,459 16 2,475 2,516 17 2,532 2,582 17 2,599 2,654 17 2,671 472 401 390 413 418 417 417 425 430 426 416 Sunflower Oil Production Beginning Stocks Domestic Supply 2,738 99 2,837 2,758 63 2,821 2,831 63 2,894 2,895 64 2,959 2,959 64 3,023 3,025 65 3,090 3,092 65 3,158 3,161 65 3,227 3,229 66 3,295 3,298 66 3,364 3,366 66 3,432 Consumption Ending Stocks Domestic Use 2,322 63 2,385 2,336 63 2,399 2,369 64 2,433 2,390 64 2,454 2,413 65 2,477 2,437 65 2,502 2,460 65 2,526 2,486 66 2,551 2,510 66 2,576 2,535 66 2,601 2,559 66 2,625 452 422 462 505 546 588 632 675 719 763 807 Sunflower Seed Area Harvested Yield Net Trade Net Trade Net Trade 14/15 Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 265 Ukrainian Sunflower Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 4,100 4,219 4,188 4,153 (Thousand Hectares) 4,138 4,122 4,111 4,105 4,101 4,109 4,120 1.49 1.52 1.52 1.54 (Metric Tons per Hectare) 1.55 1.57 1.59 1.60 1.62 1.64 1.65 Production Beginning Stocks Domestic Supply 6,100 29 6,129 6,430 30 6,460 6,368 31 6,398 6,383 32 6,415 (Thousand Metric Tons) 6,428 6,470 6,520 33 34 35 6,461 6,504 6,555 6,579 35 6,614 6,639 36 6,675 6,719 36 6,755 6,805 36 6,841 Crush Other Use Ending Stocks Domestic Use 5,637 67 30 5,734 5,999 68 31 6,098 6,043 69 32 6,144 6,080 69 33 6,182 6,124 70 34 6,228 6,176 70 35 6,281 6,232 71 35 6,338 6,292 71 36 6,399 6,355 72 36 6,462 6,420 72 36 6,528 6,486 72 37 6,595 395 362 254 233 233 223 217 216 213 227 246 2,351 4 2,355 2,502 5 2,507 2,520 5 2,526 2,536 6 2,542 2,554 6 2,561 2,576 7 2,583 2,599 7 2,606 2,624 8 2,632 2,650 8 2,658 2,678 8 2,685 2,705 8 2,713 550 5 555 596 5 601 619 6 625 633 6 640 645 7 652 656 7 663 665 8 673 674 8 682 684 8 692 695 8 703 706 8 714 1,800 1,906 1,901 1,902 1,909 1,920 1,933 1,949 1,966 1,982 1,999 2,386 211 2,597 2,539 162 2,701 2,558 162 2,720 2,573 161 2,735 2,592 161 2,753 2,614 161 2,775 2,638 162 2,799 2,663 161 2,824 2,690 160 2,850 2,717 159 2,876 2,745 158 2,903 435 162 597 440 162 601 449 161 611 458 161 619 468 161 629 476 162 637 481 161 642 488 160 648 495 159 654 502 158 660 510 157 668 2,000 2,100 2,109 2,116 2,124 2,138 2,157 2,175 2,196 2,216 2,236 Sunflower Seed Area Harvested Yield Net Trade Sunflower Meal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Sunflower Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 14/15 266 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Rest-of-World Sunflower Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 4,705 4,899 4,994 4,994 (Thousand Hectares) 5,006 5,031 5,068 5,114 5,157 5,198 5,237 1.06 1.06 1.07 1.08 (Metric Tons per Hectare) 1.08 1.09 1.09 1.10 1.11 1.11 1.12 Production Beginning Stocks Domestic Supply 4,982 332 5,314 5,216 195 5,411 5,347 192 5,539 5,377 195 5,572 (Thousand Metric Tons) 5,420 5,478 5,548 195 198 200 5,615 5,676 5,748 5,629 200 5,830 5,707 202 5,909 5,784 203 5,987 5,858 205 6,063 Crush Other Use Ending Stocks Domestic Use 5,202 568 195 5,964 5,306 584 192 6,083 5,418 600 195 6,213 5,498 606 195 6,300 5,566 615 198 6,380 5,645 625 200 6,469 5,726 633 200 6,559 5,812 644 202 6,657 5,890 653 203 6,747 5,971 664 205 6,839 6,043 674 207 6,924 -651 -672 -674 -727 -764 -794 -811 -827 -838 -852 -861 Sunflower Meal Production Beginning Stocks Domestic Supply 2,164 10 2,174 2,209 6 2,216 2,255 6 2,262 2,289 7 2,296 2,317 7 2,324 2,350 7 2,357 2,384 7 2,391 2,419 7 2,427 2,452 7 2,459 2,486 7 2,493 2,516 7 2,523 Consumption Ending Stocks Domestic Use 3,508 6 3,514 3,586 6 3,593 3,620 7 3,626 3,669 7 3,676 3,760 7 3,766 3,834 7 3,841 3,912 7 3,919 3,986 7 3,993 4,062 7 4,069 4,133 7 4,141 4,197 8 4,205 -1,340 -1,377 -1,364 -1,380 -1,442 -1,484 -1,528 -1,566 -1,610 -1,648 -1,682 Sunflower Oil Production Beginning Stocks Domestic Supply 2,067 340 2,407 2,111 204 2,315 2,155 204 2,359 2,187 203 2,391 2,214 204 2,418 2,246 204 2,450 2,278 205 2,483 2,312 205 2,517 2,343 205 2,548 2,375 205 2,580 2,404 205 2,609 Consumption Ending Stocks Domestic Use 4,301 204 4,505 4,154 204 4,358 4,248 203 4,452 4,339 204 4,542 4,435 204 4,639 4,526 205 4,731 4,635 205 4,840 4,729 205 4,934 4,830 205 5,036 4,930 205 5,136 5,034 206 5,240 -2,097 -2,043 -2,093 -2,152 -2,221 -2,281 -2,357 -2,417 -2,487 -2,556 -2,630 Sunflower Seed Area Harvested Yield Net Trade Net Trade Net Trade 14/15 268 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook World Palm Oil and Palm Kernel Products Consistent with the trend of other vegetable oils, demand recovery pushes the world palm oil price up by about 10% in 2009/10 after the steep drop in 2008/09. Over the remaining projection period, the palm oil price keeps increasing along with the other vegetable oil prices and reaches $957 per mt by 2019/20. Given the strong price increases expected for vegetable oils, palm oil remains the lowest-cost and most traded oil despite a 38% price increase over the outlook period. Malaysia and Indonesia are the major producers of palm oil and related products, together accounting for about 88% of total world palm oil production. Indonesia surpassed Malaysia as the world’s leading producer in 2005/06. That lead increases throughout the projection period, as Malaysia is more constrained in its ability to expand palm areas. Thus, yield improvement is the key factor for Malaysia’s production growth. Malaysia’s palm oil production increases to 23.4 mmt in 2019/20, and net exports reach 18.9 mmt. Driven by the firming world price, Indonesia’s palm harvested area increases by 22%, raising its production to 28.5 mmt over the baseline. Its net exports increase more than 46%, reaching 22.8 mmt by 2019/20. Although both countries have ambitious plans for promoting their biodiesel industries, the increasing palm oil price and repeated delays in the implementation of domestic mandates slow the development of this sector. Although world exports are dominated by two countries, importers are diverse. Major importers of palm oil include China, India, and the EU. The leading palm oil consumer, China, depends heavily on imports to meet its demand. The country’s palm oil net imports reach 9.7 mmt by 2019/20, through an average annual growth of 4.4% over the decade. Palm oil used for food consumption accounts for 56% of China’s total palm oil domestic demand over the outlook period. China’s per capita food use consumption increases by 25% over the period, reaching 3.93 kg by 2019/20. While significant, this growth pales in comparison to the expected 39% growth in per capita soybean oil consumption. For the second straight season, India surpassed China in the quantities of palm oil imported and consumed. This is likely to be only a temporary change, and China is expected to resume its leading position next season. The large increase in Indian vegetable oil net imports is in part due to the significant reduction of tariffs (and for some oils such as palm, elimination of tariffs). In 2009/10 the country consumed 6.8 mmt of palm oil, primarily supported by imports. Population and income growth causes palm oil consumption in India to expand, driving imports up to 8.1 mmt by 2019/20. The EU also depends on imports to maintain its palm oil consumption, which grows about 16% over the projection period. Because rapeseed oil, the major vegetable oil in the EU, is primarily used for biodiesel production, the low-cost palm oil becomes a preferred substitute for other industrial uses. World palm kernel oil production expands 32%, and net trade reaches 2.2 mmt over the baseline. Indonesia is by far the largest net exporter by 2019/20, supplying over 90% of world net exports. The remainder is supplied by Malaysia, which consumes over 90% of its production domestically. The EU, accounting for more than 32% of world net imports, maintains its position as the dominant net importer of palm kernel oil. However, with 29% of world net imports, China challenges that position by the end of the outlook. The EU is also the leading importer of world palm kernel meal, accounting for 53% of world imports in 2009/10. However, the share of EU net imports declines to 44% over the projection period, as demand expansion is hampered by the large domestic availability of rapeseed meal from the biodiesel-induced crush demand. World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 269 Palm Sector Trade 09/10 10/11 11/12 12/13 15,100 15,660 15,227 16,570 15,478 17,320 30,760 31,797 6,299 4,620 6,650 12,572 619 13/14 14/15 15/16 16/17 17/18 18/19 19/20 15,765 18,026 (Thousand Metric Tons) 16,112 16,504 16,936 18,701 19,373 20,048 17,392 20,726 17,865 21,412 18,354 22,104 18,854 22,795 32,797 33,790 34,814 35,877 36,984 38,118 39,277 40,458 41,649 6,603 4,735 6,511 13,329 619 6,881 4,832 6,681 13,785 619 7,184 4,896 6,839 14,252 619 7,518 4,929 7,005 14,742 619 7,856 4,994 7,180 15,229 619 8,204 5,070 7,364 15,727 619 8,562 5,150 7,553 16,234 619 8,933 5,229 7,739 16,756 619 9,318 5,306 7,925 17,290 619 9,708 5,376 8,107 17,838 619 30,760 31,797 32,797 33,790 34,814 35,877 36,984 38,118 39,277 40,458 41,649 2,250 2,150 2,323 2,253 2,398 2,268 2,472 2,299 2,541 2,334 2,609 2,375 2,678 2,421 2,747 2,468 2,816 2,517 2,887 2,568 2,958 2,619 4,400 4,576 4,666 4,771 4,875 4,984 5,099 5,215 5,333 5,455 5,577 2,350 1,912 138 2,389 2,049 138 2,386 2,141 138 2,392 2,241 138 2,391 2,346 138 2,400 2,446 138 2,413 2,548 138 2,429 2,648 138 2,446 2,749 138 2,467 2,850 138 2,489 2,949 138 4,400 4,576 4,666 4,771 4,875 4,984 5,099 5,215 5,333 5,455 5,577 1,498 225 1,519 221 1,590 207 1,657 189 1,720 174 1,781 165 1,841 160 1,901 155 1,964 150 2,028 145 2,092 141 1,723 1,740 1,796 1,847 1,894 1,946 2,001 2,056 2,114 2,173 2,232 450 623 589 61 464 619 597 61 480 631 624 61 497 639 649 61 516 644 673 61 535 654 696 61 555 665 720 61 575 676 744 61 597 686 769 61 619 697 795 61 643 707 822 61 1,723 1,740 1,796 1,847 1,894 1,946 2,001 2,056 2,114 2,173 2,232 696 716 749 776 (U.S. Dollars per Metric Ton) 799 824 851 877 904 931 957 Palm Oil Net Exporters Malaysia Indonesia Total Net Exports * Net Importers China European Union India Rest of World Residual Total Net Imports Palm Kernel Meal Net Exporters Indonesia Malaysia Total Net Exports * Net Importers European Union Rest of World Residual Total Net Imports Palm Kernel Oil Net Exporters Indonesia Malaysia Total Net Exports * Net Importers China European Union Rest of World Residual Total Net Imports CIF Rotterdam Prices Palm Oil * Total net exports are the sum of all positive net exports and negative net imports. 270 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook World Palm Sector Supply and Utilization 09/10 10/11 11/12 12/13 45,132 44,330 30,760 46,113 45,487 31,797 47,420 46,812 32,797 48,743 48,126 33,790 6.49 6.59 6.71 6.82 Palm Kernel Meal Production Consumption Trade * 6,389 6,238 4,400 6,580 6,446 4,576 6,767 6,626 4,666 Palm Kernel Oil Production Consumption Trade * 5,305 5,308 1,723 5,481 5,422 1,740 0.78 0.79 Palm Oil Production Consumption Trade * Per Capita Consumption Per Capita Consumption * Excludes intraregional trade. 13/14 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 50,126 51,549 53,021 49,503 50,926 52,400 34,814 35,877 36,984 54,534 53,912 38,118 56,081 55,458 39,277 57,662 57,038 40,458 59,264 58,639 41,649 7.20 7.34 7.48 7.62 7.76 6,956 6,815 4,771 (Thousand Metric Tons) 7,153 7,354 7,560 7,010 7,212 7,418 4,875 4,984 5,099 7,771 7,629 5,215 7,985 7,843 5,333 8,201 8,059 5,455 8,419 8,277 5,577 5,636 5,575 1,796 5,793 5,730 1,847 5,956 5,893 1,894 6,295 6,232 2,001 6,470 6,407 2,056 6,647 6,584 2,114 6,828 6,764 2,173 7,009 6,945 2,232 0.80 0.81 0.83 0.86 0.87 0.89 0.90 0.92 6.95 14/15 (Kilograms) 7.07 6,123 6,060 1,946 (Kilograms) 0.84 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 271 Chinese Palm Sector Supply and Utilization Palm Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 0 499 499 0 468 468 0 468 468 0 468 468 (Thousand Metric Tons) 0 0 0 468 468 468 468 468 468 0 468 468 0 468 468 0 468 468 0 468 468 6,330 468 6,798 6,603 468 7,071 6,881 468 7,349 7,184 468 7,652 7,518 468 7,986 7,856 468 8,324 8,204 468 8,672 8,562 468 9,030 8,933 468 9,401 9,318 468 9,786 9,708 468 10,176 -6,299 -6,603 -6,881 -7,184 -7,518 -7,856 -8,204 -8,562 -8,933 -9,318 -9,708 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 0 0 0 530 528 528 530 528 528 0 528 528 0 528 528 0 528 528 0 528 528 European Union Palm Sector Supply and Utilization Palm Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Palm Kernel Meal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Palm Kernel Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 0 555 555 0 527 527 0 529 529 0 530 530 4,648 527 5,175 4,733 529 5,262 4,830 530 5,360 4,896 530 5,426 4,932 528 5,459 4,994 528 5,521 5,070 528 5,598 5,150 528 5,678 5,229 528 5,757 5,306 528 5,834 5,376 528 5,904 -4,620 -4,735 -4,832 -4,896 -4,929 -4,994 -5,070 -5,150 -5,229 -5,306 -5,376 14 0 14 14 0 14 14 0 14 14 0 14 14 0 14 14 0 14 14 0 14 14 0 14 14 0 14 14 0 14 14 0 14 2,364 0 2,364 2,403 0 2,403 2,400 0 2,400 2,405 0 2,405 2,405 0 2,405 2,414 0 2,414 2,427 0 2,427 2,443 0 2,443 2,460 0 2,460 2,481 0 2,481 2,503 0 2,503 -2,350 -2,389 -2,386 -2,392 -2,391 -2,400 -2,413 -2,429 -2,446 -2,467 -2,489 11 19 30 11 27 38 11 27 38 11 28 39 11 28 39 11 27 38 11 26 37 11 26 37 11 26 37 11 26 37 11 26 37 626 27 653 629 27 656 642 28 670 650 28 678 657 27 683 665 26 691 676 26 702 687 26 713 697 26 724 708 26 734 718 26 744 -623 -619 -631 -639 -644 -654 -665 -676 -686 -697 -707 272 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Indian Palm Sector Supply and Utilization Palm Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 50 489 539 51 389 440 53 390 442 54 390 445 (Thousand Metric Tons) 56 59 61 390 390 391 447 449 451 63 391 454 65 391 457 68 391 459 70 392 462 6,800 389 7,189 6,561 390 6,950 6,733 390 7,123 6,894 390 7,284 7,061 390 7,452 7,238 391 7,629 7,424 391 7,815 7,616 391 8,007 7,804 391 8,196 7,992 392 8,384 8,177 392 8,569 -6,650 -6,511 -6,681 -6,839 -7,005 -7,180 -7,364 -7,553 -7,739 -7,925 -8,107 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 23,966 24,705 25,449 833 834 835 24,799 25,539 26,284 26,202 835 27,037 26,966 836 27,801 27,742 836 28,578 28,526 837 29,363 Indonesian Palm Sector Supply and Utilization Palm Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Palm Kernel Meal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Palm Kernel Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 20,750 745 21,495 21,647 830 22,477 22,453 836 23,289 23,222 835 24,056 5,005 830 5,835 5,071 836 5,907 5,135 835 5,969 5,198 833 6,031 5,264 834 6,098 5,331 835 6,166 5,401 835 6,236 5,475 836 6,311 5,553 836 6,390 5,637 837 6,474 5,731 838 6,569 15,660 16,570 17,320 18,026 18,701 19,373 20,048 20,726 21,412 22,104 22,795 2,800 45 2,845 2,879 45 2,924 3,000 45 3,045 3,116 45 3,161 3,229 45 3,274 3,340 45 3,385 3,451 45 3,496 3,563 46 3,608 3,676 46 3,721 3,789 46 3,836 3,904 46 3,950 550 45 595 556 45 601 603 45 647 644 45 689 687 45 733 730 45 776 773 46 819 816 46 862 859 46 905 902 46 949 946 47 992 2,250 2,323 2,398 2,472 2,541 2,609 2,678 2,747 2,816 2,887 2,958 2,300 153 2,453 2,365 135 2,500 2,465 135 2,599 2,560 135 2,695 2,652 134 2,787 2,743 135 2,878 2,835 135 2,969 2,927 135 3,061 3,019 135 3,154 3,113 135 3,247 3,207 135 3,342 820 135 955 846 135 981 875 135 1,010 903 134 1,038 932 135 1,067 963 135 1,097 994 135 1,128 1,025 135 1,160 1,055 135 1,190 1,085 135 1,219 1,115 135 1,250 1,498 1,519 1,590 1,657 1,720 1,781 1,841 1,901 1,964 2,028 2,092 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 273 Malaysian Palm Sector Supply and Utilization 09/10 10/11 11/12 12/13 18,500 1,300 19,800 18,578 1,560 20,138 18,950 1,560 20,510 19,378 1,557 20,935 3,140 1,560 4,700 3,351 1,560 4,911 3,475 1,557 5,033 3,609 1,561 5,170 3,740 1,567 5,307 3,871 1,572 5,442 15,100 15,227 15,478 15,765 16,112 2,535 70 2,605 2,598 83 2,681 2,641 79 2,720 2,691 82 2,773 372 83 455 349 79 428 371 82 452 2,150 2,253 Palm Kernel Oil Production Beginning Stocks Domestic Supply 2,140 230 2,370 Consumption Ending Stocks Domestic Use Palm Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Palm Kernel Meal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 19,858 20,379 20,939 1,561 1,567 1,572 21,420 21,946 22,511 21,528 1,575 23,103 22,136 1,579 23,715 22,763 1,583 24,346 23,399 1,588 24,987 4,000 1,575 5,575 4,132 1,579 5,710 4,267 1,583 5,850 4,404 1,588 5,992 4,541 1,592 6,133 16,504 16,936 17,392 17,865 18,354 18,854 2,748 85 2,832 2,810 88 2,898 2,876 92 2,968 2,945 95 3,040 3,016 99 3,115 3,089 102 3,192 3,163 106 3,269 390 85 474 410 88 499 431 92 523 451 95 547 473 99 572 496 102 598 518 106 624 540 109 649 2,268 2,299 2,334 2,375 2,421 2,468 2,517 2,568 2,619 2,193 213 2,406 2,230 213 2,443 2,272 214 2,486 2,320 217 2,537 2,372 221 2,592 2,428 223 2,651 2,486 226 2,712 2,546 228 2,774 2,608 230 2,838 2,670 233 2,903 1,932 213 2,145 1,972 213 2,185 2,022 214 2,236 2,080 217 2,297 2,142 221 2,362 2,204 223 2,427 2,266 226 2,491 2,329 228 2,557 2,394 230 2,624 2,460 233 2,693 2,527 235 2,762 225 221 207 189 174 165 160 155 150 145 141 274 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Rest-of-World Palm Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 5,832 1,121 6,953 5,837 1,118 6,955 5,964 1,117 7,081 6,090 1,108 7,198 (Thousand Metric Tons) 6,245 6,406 6,572 1,104 1,103 1,101 7,349 7,509 7,673 6,741 1,099 7,841 6,914 1,097 8,011 7,089 1,096 8,186 7,268 1,095 8,363 18,407 1,118 19,525 19,168 1,117 20,285 19,758 1,108 20,866 20,346 1,104 21,450 20,988 1,103 22,091 21,636 1,101 22,738 22,301 1,099 23,400 22,977 1,097 24,074 23,671 1,096 24,767 24,380 1,095 25,475 25,107 1,094 26,201 -12,572 -13,329 -13,785 -14,252 -14,742 -15,229 -15,727 -16,234 -16,756 -17,290 -17,838 Palm Kernel Meal Production Beginning Stocks Domestic Supply 1,040 0 1,040 1,088 0 1,088 1,111 0 1,111 1,134 0 1,134 1,162 0 1,162 1,191 0 1,191 1,220 0 1,220 1,249 1 1,250 1,279 1 1,280 1,309 2 1,310 1,339 2 1,341 Consumption Ending Stocks Domestic Use 2,952 0 2,952 3,138 0 3,138 3,253 0 3,253 3,376 0 3,376 3,508 0 3,508 3,637 0 3,637 3,767 1 3,768 3,897 1 3,898 4,027 2 4,029 4,158 2 4,160 4,288 2 4,290 -1,912 -2,049 -2,141 -2,241 -2,346 -2,446 -2,548 -2,648 -2,749 -2,850 -2,949 854 112 966 912 75 987 931 73 1,003 950 71 1,021 973 70 1,043 997 70 1,067 1,022 69 1,091 1,046 69 1,115 1,071 68 1,139 1,096 68 1,164 1,121 68 1,189 1,480 75 1,555 1,511 73 1,583 1,557 71 1,628 1,600 70 1,670 1,646 70 1,716 1,693 69 1,762 1,742 69 1,811 1,791 68 1,859 1,841 68 1,909 1,892 68 1,959 1,943 68 2,010 -589 -597 -624 -649 -673 -696 -720 -744 -769 -795 -822 Palm Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Palm Kernel Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 14/15 276 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook World Peanuts and Peanut Products Peanuts have a great number of cultivars. The four major cultivar groups out of thousands of peanut varieties are Runner, Virginia, Spanish, and Valencia. Each type has a distinct size and flavor. The CIF price in Rotterdam for U.S. Runners, 40/50, is selected as the representative world price. As with other oilseeds, the peanut price declined sharply in 2008/09. The price declines by 3% in 2009/10 as demand, especially for crush, softens. The price then starts an ascending path throughout the rest of the baseline. The projected price stays above the historical levels. The peanut meal price declines by 4% in 2009/10 and follows the trend of the other protein meal prices throughout the baseline. Although peanut oil is only a limited substitute for other major vegetable oils for some end uses, its price is expected to follow the general trends in world vegetable oil prices, with the exception of a decline in 2009/10. The peanut oil price declines 13% in 2009/10 but then recovers and reaches $1,509/mt by the end of the outlook period. Because of price decreases, world peanut area declined by almost 7% in 2009/10. This, combined with a 3.2% reduction in yields, leads to a 10% decrease in production. Production increases by 7.6% over the baseline, driven primarily by yield improvements as area remains stagnant for the rest of the outlook. World trade in peanuts and peanut products is modest compared with total production. Most peanut production supplies the local population and responds to domestic demand. Less than 6% of world peanut, peanut oil, and peanut meal production is traded internationally. China is expected to continue a downward trend in the area devoted to the production of peanuts. As yield growth is not able to outpace the area reduction, production declines throughout the outlook. However, China remains the leading producer and generates 12.6.0 mmt by 2019/20. More than half of Chinese peanut output is crushed while the remainder is consumed directly as food. The proportion of peanuts crushed is expected to increase over the projection period. China is self-sufficient in peanut meal and oil consumption, with very small net trading positions during the outlook. India has a larger peanut harvested area than any other country. The area is projected to remain stagnant over the outlook, which is a break from the declining trend observed in the previous decade. Modest yield gains contribute to the reversal of the production trend. The Indian peanut crushing industry is domestically oriented, and trade is negligible. About 75% of the peanuts grown in India are processed for oil to meet the growing domestic demand. Population and income growth stimulates an average growth of 18% in peanut oil consumption over the outlook period. Because of expansion of the Indian livestock and dairy industries, peanut meal consumption increases 20.4% by 2019/20. Argentina’s peanut area declines in 2009/10 as a result of relatively low prices. However, it is expected to resume its growth next season and expand modestly over the baseline. Yield improvements combine with the area increase to raise production by 17% by 2019/20. Argentina is the dominant peanut oil net exporter and second only to China in the peanut market. However, the gap is reduced considerably in the later years of the outlook. The EU is the most significant importer of peanuts and peanut oil. The EU’s share of total world peanut net imports accounts for about 46% in 2009/10 and grows to 55% over the next decade. The EU imports almost 75% of all internationally traded peanut oil in 2009/10, and this level remains stable over the outlook period. World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 277 Peanut Sector Trade 09/10 10/11 11/12 12/13 13/14 450 690 190 313 417 726 183 265 426 738 179 276 434 700 177 277 1,643 1,590 1,619 1,588 1,560 125 750 125 448 195 130 767 138 360 195 131 777 139 377 195 132 782 139 340 195 1,643 1,590 1,619 10 75 5 -17 10 78 5 -21 105 14/15 15/16 16/17 17/18 18/19 19/20 459 621 170 279 468 603 167 280 477 587 164 283 486 569 162 284 496 553 159 284 1,540 1,528 1,519 1,511 1,501 1,492 133 782 140 310 195 132 787 142 285 195 132 793 145 263 195 134 799 148 243 195 135 805 152 224 195 136 811 155 205 195 137 817 159 184 195 1,588 1,560 1,540 1,528 1,519 1,511 1,501 1,492 10 76 5 -22 10 74 5 -23 10 73 5 -23 10 71 5 -23 10 69 5 -24 10 67 5 -23 10 65 5 -23 10 63 5 -23 10 61 5 -22 109 106 104 103 101 99 97 95 93 91 58 30 -15 59 28 -15 56 28 -15 54 28 -15 51 28 -15 49 28 -15 47 28 -15 46 28 -15 44 28 -15 42 28 -15 41 28 -15 105 109 106 104 103 101 99 97 95 93 91 49 4 20 57 50 4 20 55 49 3 20 53 50 2 20 54 50 1 20 54 50 1 19 55 50 0 19 56 51 0 19 57 51 -1 19 57 51 -1 19 57 52 -1 19 57 130 128 125 125 125 125 126 127 127 127 127 94 31 5 93 30 5 94 26 5 94 26 5 94 26 5 94 26 5 95 26 5 95 26 5 95 26 5 96 26 5 96 25 5 130 128 125 125 125 125 126 127 127 127 127 Peanuts Net Exporters Argentina China India United States Total Net Exports * Net Importers Canada European Union Mexico Rest of World Residual Total Net Imports (Thousand Metric Tons) 442 451 665 638 175 172 278 279 Peanut Meal Net Exporters Argentina India United States Rest of World Total Net Exports * Net Importers China European Union Residual Total Net Imports Peanut Oil Net Exporters Argentina China India Rest of World Total Net Exports * Net Importers European Union United States Residual Total Net Imports Prices Peanut, U.S. Runners 40/50 CIF Rotterdam Peanut Meal 48/50%, Southeast Mills FO Peanut Oil, CIF Rotterdam (U.S. Dollars per Metric Ton) 1,168 1,142 1,160 1,181 1,194 1,209 1,225 1,239 1,249 1,263 1,269 138 1,159 129 1,232 129 1,267 130 1,300 131 1,323 130 1,352 130 1,387 129 1,421 128 1,451 127 1,485 125 1,509 * Total net exports are the sum of all positive net exports and negative net imports. 278 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook World Peanut Sector Supply and Utilization 09/10 10/11 11/12 12/13 Peanuts Area Harvested 19,689 19,750 19,752 Production Beginning Stocks Domestic Supply 30,805 1,557 32,362 31,548 1,187 32,735 Food Crush Other Use Residual Ending Stocks Domestic Use 14,901 13,859 2,220 195 1,187 32,362 Trade Peanut Meal Production Consumption Trade Peanut Oil Production Consumption Trade Per Capita Consumption 13/14 14/15 15/16 16/17 17/18 18/19 19/20 19,779 (Thousand Hectares) 19,833 19,880 19,940 20,009 20,086 20,148 20,229 31,812 1,111 32,924 31,871 1,150 33,020 (Thousand Metric Tons) 32,003 32,142 32,325 1,153 1,163 1,171 33,156 33,305 33,497 32,526 1,179 33,705 32,743 1,189 33,932 32,926 1,205 34,131 33,138 1,215 34,353 14,891 14,292 2,245 195 1,111 32,735 14,788 14,534 2,257 195 1,150 32,924 14,604 14,801 2,267 195 1,153 33,020 14,459 15,058 2,280 195 1,163 33,156 14,292 15,354 2,293 195 1,171 33,305 14,129 15,688 2,307 195 1,179 33,497 13,966 16,033 2,322 195 1,189 33,705 13,806 16,388 2,339 195 1,205 33,932 13,621 16,746 2,354 195 1,215 34,131 13,440 17,118 2,371 195 1,229 34,353 1,643 1,590 1,619 1,588 1,560 1,540 1,528 1,519 1,511 1,501 1,492 5,407 5,422 5,576 5,590 5,673 5,687 5,776 5,791 5,876 5,891 5,991 6,006 6,122 6,136 6,257 6,271 6,396 6,410 6,536 6,551 6,681 6,696 105 109 106 104 103 101 99 97 95 93 91 4,469 4,585 4,601 4,599 4,679 4,671 4,765 4,758 4,849 4,840 4,944 4,936 5,052 5,044 5,162 5,155 5,277 5,269 5,392 5,385 5,512 5,504 130 128 125 125 125 125 126 127 127 127 127 0.67 0.67 0.67 0.67 0.68 0.69 0.70 0.71 0.72 0.73 (Kilograms) 0.69 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 279 U.S. Peanut Sector Supply and Utilization 09/10 10/11 11/12 12/13 Peanuts Area Harvested 437 481 531 520 Yield 3.82 3.63 3.66 Production Beginning Stocks Domestic Supply 1,673 966 2,639 1,746 720 2,466 Food Crush Other Ending Stocks Domestic Use 1,203 208 195 720 2,326 Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 514 513 514 511 511 3.69 (Metric Tons per Hectare) 3.73 3.76 3.79 3.83 3.86 3.89 3.93 1,943 624 2,566 1,920 657 2,576 (Thousand Metric Tons) 1,935 1,944 1,951 657 661 664 2,592 2,605 2,615 1,965 666 2,630 1,985 670 2,655 1,991 680 2,670 2,006 684 2,690 1,188 200 191 624 2,202 1,217 224 192 657 2,290 1,229 222 192 657 2,299 1,237 224 193 661 2,314 1,244 225 193 664 2,326 1,251 226 193 666 2,336 1,258 228 194 670 2,350 1,266 232 195 680 2,373 1,274 233 196 684 2,387 1,282 236 196 692 2,406 313 265 276 277 278 279 279 280 283 284 284 Peanut Meal Production Consumption Ending Stocks 99 94 2 95 90 2 106 101 2 105 100 2 106 101 2 107 102 2 107 102 2 109 104 2 110 105 2 111 106 2 112 107 2 Net Trade 5 5 5 5 5 5 5 5 5 5 5 Peanut Oil Production Consumption Ending Stocks 67 99 11 65 95 11 73 98 11 72 98 11 73 99 11 73 99 11 73 100 11 74 100 11 75 101 11 76 101 11 76 102 11 Net Trade -31 -30 -26 -26 -26 -26 -26 -26 -26 -26 -25 (Thousand Hectares) 519 517 280 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Argentine Peanut Sector Supply and Utilization 09/10 10/11 11/12 12/13 Peanuts Area Harvested 200 201 203 204 Yield 2.75 2.77 2.79 Production Beginning Stocks Domestic Supply 550 53 603 557 18 575 Crush Other Use Ending Stocks Domestic Use 125 10 18 153 15/16 16/17 17/18 18/19 19/20 210 212 214 216 218 2.81 (Metric Tons per Hectare) 2.83 2.85 2.87 2.89 2.91 2.93 2.95 565 21 586 574 22 596 (Thousand Metric Tons) 584 593 602 23 24 24 606 617 627 612 25 637 622 26 648 632 26 658 643 26 669 128 10 21 158 129 10 22 160 129 10 23 162 130 10 24 164 131 11 24 166 132 11 25 167 133 11 26 169 134 11 26 170 135 11 26 172 136 11 25 173 450 417 426 434 442 451 459 468 477 486 496 Peanut Meal Production Beginning Stocks Domestic Supply 73 2 75 75 2 77 75 2 77 76 2 78 76 2 78 76 2 79 77 2 79 78 2 80 78 2 80 79 2 81 80 2 82 Consumption Ending Stocks Domestic Use 63 2 65 64 2 66 65 2 67 66 2 68 66 2 68 67 2 69 67 2 69 68 2 70 68 2 71 69 2 71 70 2 72 10 10 10 10 10 10 10 10 10 10 10 Peanut Oil Production Beginning Stocks Domestic Supply 53 17 70 54 16 70 55 15 70 55 15 70 55 15 71 55 16 71 56 15 71 56 15 72 57 15 72 57 15 73 58 15 73 Consumption Ending Stocks Domestic Use 5 16 21 5 15 20 5 15 21 5 15 21 5 16 21 5 15 21 6 15 21 6 15 21 6 15 21 6 15 21 6 15 21 49 50 49 50 50 50 50 51 51 51 52 Net Trade Net Trade Net Trade 13/14 14/15 (Thousand Hectares) 206 208 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 281 Chinese Peanut Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 4,000 4,195 4,154 4,079 (Thousand Hectares) 4,010 3,951 3,907 3,864 3,821 3,776 3,731 3.18 3.20 3.22 3.24 (Metric Tons per Hectare) 3.26 3.28 3.30 3.32 3.34 3.36 3.38 Production Beginning Stocks Domestic Supply 12,720 0 12,720 13,423 0 13,423 13,377 0 13,377 13,215 0 13,215 (Thousand Metric Tons) 13,074 12,960 12,892 0 0 0 13,074 12,960 12,892 12,827 0 12,827 12,763 0 12,763 12,686 0 12,686 12,610 0 12,610 Crush Other Use Ending Stocks Domestic Use 6,265 5,765 0 12,030 6,840 5,857 0 12,697 6,942 5,697 0 12,639 7,037 5,478 0 12,515 7,130 5,278 0 12,409 7,264 5,057 0 12,321 7,431 4,841 0 12,271 7,603 4,621 0 12,224 7,780 4,396 0 12,176 7,965 4,152 0 12,117 8,155 3,902 0 12,057 690 726 738 700 665 638 621 603 587 569 553 Peanut Meal Production Beginning Stocks Domestic Supply 2,497 0 2,497 2,726 0 2,726 2,767 0 2,767 2,805 0 2,805 2,842 0 2,842 2,895 0 2,895 2,962 0 2,962 3,030 0 3,030 3,101 0 3,101 3,175 0 3,175 3,250 0 3,250 Consumption Ending Stocks Domestic Use 2,555 0 2,555 2,785 0 2,785 2,823 0 2,823 2,858 0 2,858 2,893 0 2,893 2,944 0 2,944 3,009 0 3,009 3,076 0 3,076 3,145 0 3,145 3,217 0 3,217 3,291 0 3,291 -58 -59 -56 -54 -51 -49 -47 -46 -44 -42 -41 Peanut Oil Production Beginning Stocks Domestic Supply 1,960 0 1,960 2,140 0 2,140 2,172 0 2,172 2,202 0 2,202 2,231 0 2,231 2,272 0 2,272 2,325 0 2,325 2,379 0 2,379 2,434 0 2,434 2,492 0 2,492 2,551 0 2,551 Consumption Ending Stocks Domestic Use 1,956 0 1,956 2,136 0 2,136 2,169 0 2,169 2,199 0 2,199 2,229 0 2,229 2,272 0 2,272 2,324 0 2,324 2,379 0 2,379 2,435 0 2,435 2,493 0 2,493 2,553 0 2,553 4 4 3 2 1 1 0 0 -1 -1 -1 Peanuts Area Harvested Yield Net Trade Net Trade Net Trade 14/15 282 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook European Union Peanut Sector Supply and Utilization 09/10 10/11 11/12 12/13 0 17 17 0 17 17 0 18 18 0 18 18 45 705 17 767 46 720 18 784 46 731 18 795 46 736 18 800 46 736 18 800 46 741 18 805 -750 -767 -777 -782 -782 Peanut Meal Production Beginning Stocks Domestic Supply 20 0 20 20 0 20 20 0 20 20 0 20 Consumption Ending Stocks Domestic Use 50 0 50 49 0 49 48 0 48 -30 -28 16 5 21 Peanuts Production Beginning Stocks Domestic Supply Crush Other Use Ending Stocks Domestic Use Net Trade Net Trade Peanut Oil Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 0 0 0 18 18 18 18 18 18 0 18 18 0 19 19 0 19 19 0 19 19 46 747 18 811 46 753 19 817 46 759 19 824 46 765 19 830 46 771 19 836 -787 -793 -799 -805 -811 -817 20 0 20 20 0 20 20 0 20 20 0 20 20 0 20 20 0 20 20 0 20 48 0 48 48 0 48 48 0 48 48 0 48 48 0 48 48 0 48 48 0 48 49 0 49 -28 -28 -28 -28 -28 -28 -28 -28 -28 16 5 21 16 5 21 16 5 21 16 5 22 16 5 21 16 5 21 16 5 22 16 5 22 16 5 22 16 5 22 110 5 115 109 5 114 110 5 115 110 5 115 110 5 116 111 5 116 111 5 116 111 5 117 112 5 117 112 5 117 112 5 118 -94 -93 -94 -94 -94 -94 -95 -95 -95 -96 -96 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 283 Indian Peanut Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 5,200 4,933 4,952 5,033 (Thousand Hectares) 5,103 5,167 5,233 5,302 5,375 5,444 5,521 0.96 0.97 0.98 0.99 (Metric Tons per Hectare) 1.00 1.01 1.02 1.03 1.04 1.05 1.06 Production Beginning Stocks Domestic Supply 5,000 124 5,124 4,792 54 4,846 4,861 57 4,918 4,991 58 5,049 (Thousand Metric Tons) 5,111 5,227 5,346 58 59 60 5,169 5,286 5,406 5,469 61 5,530 5,598 61 5,659 5,725 62 5,787 5,860 63 5,923 Crush Other Use Ending Stocks Domestic Use 3,770 1,110 54 4,934 3,494 1,113 57 4,663 3,556 1,125 58 4,739 3,676 1,137 58 4,871 3,785 1,151 59 4,995 3,890 1,164 60 5,114 3,999 1,177 61 5,236 4,111 1,191 61 5,363 4,227 1,206 62 5,495 4,342 1,220 63 5,625 4,465 1,236 64 5,764 190 183 179 177 175 172 170 167 164 162 159 Peanut Meal Production Beginning Stocks Domestic Supply 1,475 0 1,475 1,367 0 1,367 1,391 0 1,391 1,438 0 1,438 1,481 0 1,481 1,522 0 1,522 1,565 0 1,565 1,608 0 1,608 1,654 0 1,654 1,699 0 1,699 1,747 0 1,747 Consumption Ending Stocks Domestic Use 1,400 0 1,400 1,289 0 1,289 1,315 0 1,315 1,364 0 1,364 1,408 0 1,408 1,451 0 1,451 1,496 0 1,496 1,541 0 1,541 1,589 0 1,589 1,636 0 1,636 1,685 0 1,685 75 78 76 74 73 71 69 67 65 63 61 Peanut Oil Production Beginning Stocks Domestic Supply 1,255 135 1,390 1,163 10 1,173 1,184 8 1,192 1,224 11 1,234 1,260 13 1,273 1,295 17 1,312 1,331 20 1,351 1,368 22 1,390 1,407 24 1,432 1,446 27 1,473 1,486 30 1,516 Consumption Ending Stocks Domestic Use 1,360 10 1,370 1,145 8 1,153 1,161 11 1,172 1,201 13 1,215 1,237 17 1,254 1,273 20 1,292 1,310 22 1,331 1,347 24 1,371 1,385 27 1,412 1,424 30 1,454 1,464 33 1,497 20 20 20 20 20 19 19 19 19 19 19 Peanuts Area Harvested Yield Net Trade Net Trade Net Trade 14/15 284 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Canadian Peanut Sector Supply and Utilization Peanuts Production Beginning Stocks Domestic Supply Crush Other Use Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 0 5 5 0 5 5 0 5 5 0 5 5 0 125 5 130 0 129 5 135 0 131 5 137 0 132 5 137 0 133 5 138 -125 -130 -131 -132 -133 14/15 15/16 16/17 17/18 18/19 19/20 0 5 5 0 5 5 0 5 5 0 5 5 0 5 5 0 132 5 137 0 132 5 138 0 134 5 139 0 135 5 140 0 136 5 141 0 137 5 143 -132 -132 -134 -135 -136 -137 14/15 15/16 16/17 17/18 18/19 19/20 42 42 42 41 41 (Thousand Metric Tons) 0 0 5 5 5 5 Mexican Peanut Sector Supply and Utilization Peanuts Area Harvested Yield Production Beginning Stocks Domestic Supply Crush Other Use Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 45 43 42 42 1.56 1.57 1.59 1.61 (Metric Tons per Hectare) 1.63 1.65 1.66 1.68 1.70 1.72 1.74 70 13 83 67 9 76 67 11 78 68 11 79 (Thousand Metric Tons) 69 69 70 10 10 10 79 80 80 70 11 81 71 11 82 71 12 83 72 13 84 4 195 9 208 4 200 11 215 4 202 11 217 4 203 10 218 4 205 10 220 4 207 10 222 4 210 11 225 4 214 11 229 4 218 12 234 4 221 13 238 4 226 13 243 -125 -138 -139 -139 -140 -142 -145 -148 -152 -155 -159 (Thousand Hectares) 42 42 World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 285 Rest-of-World Peanut Sector Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 9,807 9,898 9,869 9,900 (Thousand Hectares) 9,952 9,994 10,034 10,076 10,121 10,160 10,207 1.10 1.11 1.11 1.12 (Metric Tons per Hectare) 1.13 1.14 1.14 1.15 1.16 1.16 1.17 Production Beginning Stocks Domestic Supply 10,792 379 11,171 10,962 364 11,326 10,999 377 11,376 11,103 379 11,482 (Thousand Metric Tons) 11,230 11,349 11,464 382 386 389 11,612 11,734 11,853 11,583 393 11,976 11,704 397 12,101 11,821 401 12,222 11,947 405 12,352 Crush Other Use Ending Stocks Domestic Use 3,442 7,813 364 11,619 3,581 7,728 377 11,686 3,635 7,739 379 11,753 3,688 7,753 382 11,823 3,740 7,796 386 11,922 3,794 7,836 389 12,019 3,850 7,873 393 12,116 3,907 7,915 397 12,219 3,964 7,960 401 12,326 4,020 8,001 405 12,426 4,076 8,050 410 12,536 -448 -360 -377 -340 -310 -285 -263 -243 -224 -205 -184 Peanut Meal Production Beginning Stocks Domestic Supply 1,243 5 1,248 1,293 5 1,298 1,313 6 1,319 1,332 6 1,338 1,351 6 1,357 1,370 7 1,377 1,391 7 1,398 1,411 7 1,418 1,432 7 1,439 1,452 8 1,460 1,472 8 1,480 Consumption Ending Stocks Domestic Use 1,260 5 1,265 1,314 6 1,320 1,335 6 1,341 1,355 6 1,361 1,374 7 1,380 1,393 7 1,400 1,414 7 1,421 1,434 7 1,442 1,455 8 1,463 1,475 8 1,483 1,494 8 1,502 -17 -21 -22 -23 -23 -23 -24 -23 -23 -23 -22 Peanut Oil Production Beginning Stocks Domestic Supply 1,118 19 1,137 1,163 24 1,187 1,180 24 1,204 1,197 24 1,221 1,214 24 1,238 1,232 24 1,256 1,250 24 1,274 1,269 24 1,292 1,287 24 1,311 1,305 24 1,329 1,323 24 1,347 Consumption Ending Stocks Domestic Use 1,055 24 1,079 1,108 24 1,132 1,128 24 1,151 1,143 24 1,167 1,160 24 1,184 1,177 24 1,200 1,194 24 1,218 1,212 24 1,236 1,230 24 1,254 1,248 24 1,272 1,267 24 1,291 57 55 53 54 54 55 56 57 57 57 57 Peanuts Area Harvested Yield Net Trade Net Trade Net Trade 14/15 286 / World Oilseeds and Products: FAPRI 2010 Agricultural Outlook Per Capita Vegetable Oil Consumption of Selected Countries 09/10 10/11 11/12 12/13 13/14 9.68 8.95 0.12 9.88 8.90 0.12 9.81 8.97 0.12 9.92 9.00 0.12 10.02 9.04 0.13 18.75 18.89 18.90 19.05 19.19 8.32 8.20 8.19 8.16 Brazil Soybean Oil 15.33 15.41 15.18 Canada Soybean Oil Canola Oil 7.79 10.37 7.96 10.33 Total 18.16 Argentina Soybean Oil Sunflower Oil Peanut Oil Total Australia Rapeseed Oil China Soybean Oil Rapeseed Oil Sunflower Oil Palm Oil Peanut Oil Total European Union Soybean Oil Rapeseed Oil Sunflower Oil Palm Oil Peanut Oil Total India Soybean Oil Rapeseed Oil Palm Oil Peanut Oil Total 14/15 15/16 16/17 17/18 18/19 19/20 10.17 9.11 0.13 10.23 9.14 0.13 10.27 9.17 0.13 10.33 9.20 0.13 10.40 9.22 0.13 19.30 19.40 19.49 19.57 19.66 19.75 8.09 8.02 7.95 7.87 7.79 7.71 7.64 15.16 15.19 15.18 15.15 15.13 15.12 15.14 15.19 7.89 10.38 7.93 10.40 7.94 10.41 7.90 10.40 7.88 10.41 7.91 10.40 7.94 10.40 7.96 10.39 7.99 10.41 18.29 18.28 18.33 18.35 18.30 18.28 18.31 18.33 18.35 18.39 7.76 3.84 0.22 3.14 1.47 8.07 3.77 0.22 3.21 1.60 8.25 3.80 0.23 3.27 1.61 8.54 3.82 0.24 3.33 1.63 8.84 3.85 0.24 3.41 1.64 9.14 3.88 0.25 3.48 1.67 9.45 3.90 0.25 3.57 1.70 9.77 3.90 0.26 3.65 1.73 10.10 3.91 0.26 3.74 1.77 10.45 3.93 0.27 3.84 1.81 10.82 3.95 0.28 3.93 1.84 16.43 16.87 17.16 17.56 17.98 18.42 18.87 19.32 19.79 20.29 20.82 2.94 5.77 5.89 9.44 0.22 3.01 5.54 5.86 9.60 0.22 2.99 5.55 5.94 9.79 0.22 3.01 5.56 5.98 9.92 0.22 3.02 5.59 6.01 9.99 0.22 3.02 5.61 6.05 10.11 0.22 3.03 5.63 6.08 10.26 0.22 3.05 5.61 6.12 10.42 0.23 3.06 5.60 6.16 10.58 0.23 3.07 5.60 6.21 10.74 0.23 3.09 5.61 6.25 10.89 0.23 24.27 24.24 24.50 24.69 24.83 25.02 25.22 25.43 25.64 25.85 26.06 1.91 2.00 5.80 1.16 2.00 2.02 5.52 0.96 2.03 2.05 5.59 0.96 2.09 2.04 5.65 0.98 2.14 2.01 5.71 1.00 2.20 2.00 5.78 1.02 2.26 2.01 5.86 1.03 2.32 2.03 5.94 1.05 2.37 2.05 6.02 1.07 2.43 2.06 6.09 1.09 2.49 2.06 6.17 1.10 10.87 10.50 10.64 10.75 10.87 11.00 11.16 11.34 11.51 11.67 11.82 (Kilograms) 10.10 9.08 0.13 Indonesia Palm Oil 17.29 17.31 17.32 17.33 17.35 17.36 17.38 17.39 17.40 17.41 17.43 Total 17.29 17.31 17.32 17.33 17.35 17.36 17.38 17.39 17.40 17.41 17.43 4.30 7.25 4.37 7.26 4.31 7.32 4.35 7.37 4.36 7.43 4.37 7.48 4.38 7.55 4.39 7.63 4.41 7.71 4.43 7.77 4.44 7.83 11.55 11.62 11.64 11.72 11.79 11.85 11.93 12.03 12.12 12.20 12.27 Japan Soybean Oil Rapeseed Oil Total World Oilseeds and Products: FAPRI 2010 Agricultural Outlook / 287 Per Capita Vegetable Oil Consumption of Selected Countries (continued) 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Malaysia Palm Oil 34.79 38.52 38.96 39.61 40.28 Total 34.79 38.52 38.96 39.61 40.28 40.95 41.58 42.23 42.89 43.54 44.18 41.58 42.23 42.89 43.54 44.18 Other CIS * Soybean Oil Rapeseed Oil Sunflower Oil 0.86 0.90 7.09 0.88 0.90 7.10 0.88 0.91 7.18 0.89 0.91 7.21 0.90 0.91 7.25 0.92 0.92 7.30 0.93 0.92 7.35 0.94 0.93 7.40 0.95 0.93 7.46 0.96 0.93 7.52 0.98 0.94 7.58 Total 8.85 8.89 8.97 9.01 9.07 9.13 9.20 9.27 9.34 9.42 9.49 South Korea Soybean Oil 9.15 9.93 10.03 10.24 10.43 10.55 10.62 10.71 10.82 10.95 11.12 Taiwan Soybean Oil 15.20 16.00 16.08 16.45 16.90 17.20 17.44 17.61 17.79 18.03 18.28 United States Soybean Oil Sunflower Oil Canola Oil Peanut Oil 24.21 0.74 4.30 0.32 25.54 0.71 4.23 0.30 25.98 0.73 4.28 0.31 26.30 0.73 4.28 0.31 26.18 0.73 4.29 0.31 26.49 0.73 4.32 0.30 27.17 0.73 4.33 0.30 27.55 0.74 4.31 0.30 27.78 0.74 4.30 0.30 27.97 0.75 4.29 0.30 28.01 0.75 4.30 0.30 Total 29.57 30.78 31.30 31.62 31.51 31.85 32.55 32.90 33.13 33.30 33.35 (Kilograms) 40.95 * Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan. WORLD COTTON 290 / World Cotton: FAPRI 2010 Agricultural Outlook World Cotton In 2009/10, world cotton acreage shrank for a second straight year, to 30.4 mha, under continued competition from grains and oilseeds, which have seen continued strong prices. Production shrank to 22.3 mmt on yields of 733 kg/ha. Mill use is expected to decline to 24.9 mmt under a modest rebound as world economies emerge from the recent economic crisis. The growth in mill use and the modest contraction in production pull stocks to the lowest level in several years. The Cotlook A-index Far East (FE) price for cotton strengthens to $1,633 per mt as supplies tighten. Price reporting has made a transition to the FE price, and the previous Northern Europe (NE) price is no longer being reported. Historically, the FE price has trended lower than the NE price. World cotton demand strengthens in 2009/10 and in the next few years but will be dependent upon the resolution of the current economic crisis. World cotton area returns to very modest growth as world GDP recovers, but it remains well below the area seen in 2005/06 and 2006/07. Chinese cotton production fell significantly, to 6.9 mmt, in 2009/10 on a proportional decline in acreage. Acreage is expected to increase in 2010/11 but to remain below 6 mha during the next decade. Chinese mill use grew to 10.1 mmt in 2009/10, after stumbling the previous year as world demand dried up. In 2009/10 Chinese consumption will represent 41% of total world consumption. Chinese demand in 2009/10 and beyond is expected to grow at a more tepid pace as the global economy recovers. As this recovery occurs, and with acreage relatively stable, Chinese cotton imports are expected to rise, reaching 29% of use by 2019/20 and over 40% of world trade flows, making China the dominant destination for cotton trade. China’s increase in demand is met in part by increased area and improving yields in India, which has the most area under cotton cultivation in the world, estimated at just over 10.2 mha in 2009/10, a significant jump from the previous year. India is projected to increase its area modestly, to 10.4 mha in 2010/11, and area grows only marginally from that point. Yields in India have been below the world average and stumbled in 2009/10, falling to 497 kg per ha, but they have grown rapidly with the adoption of Bt cotton and are expected to expand to 674 kg per ha by 2019/20, still below the world average but closing the gap. While grain and oilseed prices are providing competition for area, growing yields mean cotton acreage should hold its own under stable prices. The additional area, coupled with yield growth, results in production of 7.1 mmt and net exports of 1.9 mmt by the end of the projection period. World cotton spinning continues to concentrate in a small number of countries. China, India, Pakistan, and Turkey account for 72% of world mill use in 2009/10 and expand to 76% of world mill use by 2019/20. While mill use in China continues at a strong pace, use in other parts of developing Asia are anticipated to expand. Developed countries are likely to see continued declines in their consumption of raw cotton. U.S. cotton production contracted again in 2009/10, falling to 2.7 mmt on weak yields of 865 kg/ha, and as area was further diverted to grains and oilseeds. Harvested area is anticipated to rise modestly in 2010/11. Cotton mill use in the United States, estimated at 0.74 mmt in 2009/10, has been falling for several years. U.S. mill use continues to contract, reaching 0.61 by the end of the projection period. With the loss of domestic consumers for their production, U.S. cotton farmers increasingly rely on world markets. Exports continue to be the dominant force in U.S. cotton demand, and imports expand throughout the projection period. World Cotton: FAPRI 2010 Agricultural Outlook / 291 Cotton Trade 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 -7 371 384 1,243 611 331 -18 2,460 879 12 539 421 1,292 624 260 -11 2,691 833 29 557 431 1,234 615 263 0 2,736 858 37 574 455 1,275 615 266 -1 2,781 863 (Thousand Metric Tons) 42 48 53 583 592 604 481 485 514 1,362 1,462 1,557 614 618 624 272 275 279 -3 -4 -2 2,820 2,880 2,929 865 867 874 58 613 554 1,658 627 283 -1 2,993 879 63 623 594 1,754 631 288 0 3,065 884 68 632 647 1,850 635 292 1 3,138 889 74 641 702 1,946 638 296 1 3,217 894 Total Net Exports * 6,362 6,753 6,788 6,927 7,097 7,286 7,493 7,726 7,965 8,216 8,476 Net Importers Canada China European Union Indonesia Japan Mexico Other Asia Other Europe Other Latin America Pakistan Russia Kazakhstan South Korea Taiwan Turkey Residual 4 1,947 -6 448 60 305 1,674 18 210 474 147 -76 215 179 695 -40 5 2,312 20 491 62 296 1,667 17 212 502 140 -81 224 177 657 -40 5 2,372 29 474 56 250 1,716 16 210 524 133 -66 216 174 652 -40 5 2,458 27 483 53 242 1,762 15 214 543 126 -61 206 172 660 -40 5 2,590 26 479 49 234 1,808 14 216 561 120 -59 198 169 666 -40 5 2,756 22 479 43 215 1,854 13 218 580 113 -59 188 166 670 -40 5 2,939 18 479 39 202 1,898 12 219 601 106 -60 179 163 671 -40 4 3,135 15 480 35 193 1,943 11 221 624 99 -62 170 161 673 -40 4 3,337 13 481 31 182 1,989 10 223 647 93 -64 162 158 675 -40 4 3,551 10 482 27 171 2,035 9 224 673 86 -65 153 154 677 -40 4 3,774 8 482 22 160 2,081 8 226 699 79 -67 144 150 678 -40 Total Net Imports 6,362 6,753 6,788 6,927 7,097 7,286 7,493 7,726 7,965 8,216 8,476 1,733 1,403 1,753 1,421 1,770 1,438 1,790 1,455 Net Exporters Argentina Australia Brazil India Africa Other CIS Other Middle East United States Uzbekistan Prices Cotlook A Index † CIF Far East U.S. Farm Price 14/15 (U.S. Dollars per Metric Ton) 1,633 1,330 1,605 1,283 1,619 1,294 1,632 1,307 1,644 1,323 1,679 1,352 1,707 1,379 Source: Cotlook, Ltd., Liverpool, England. * Total net exports are the sum of all positive net exports and negative net imports. † The "A" index is the average of the five lowest CIF Northern European quotes of the following descriptions (Middling 1-3/32"): Memphis; Calif./Ariz.; Mexican; Central American; Paraguayan; Turkish Izmir/Antalya; Central Asian; Pakistani 1503; Indian H-4; Chinese 329; African "Franc Zone"; Tanzanian; Greek; and Australian. 292 / World Cotton: FAPRI 2010 Agricultural Outlook World Cotton Supply and Utilization 09/10 10/11 11/12 12/13 30,444 32,220 32,445 733 773 Production 22,321 Mill Use Ending Stocks Area Harvested Yield Loss Stocks-to-Use Ratio 13/14 14/15 15/16 16/17 17/18 18/19 19/20 32,543 (Thousand Hectares) 32,544 32,563 32,678 32,794 32,929 33,057 33,178 787 803 (Kilograms per Hectare) 815 827 840 853 866 879 893 24,894 25,544 26,118 (Thousand Metric Tons) 26,520 26,926 27,442 27,959 28,511 29,064 29,615 24,906 11,262 25,446 11,293 25,928 11,491 26,407 11,785 26,890 11,997 27,372 12,134 27,867 12,291 28,382 12,450 28,911 12,632 29,453 12,825 30,006 13,016 -582 -582 -582 -582 -582 -582 -582 -582 -582 -582 -582 45.22 44.38 44.32 44.63 44.62 (Percent) 44.33 44.11 43.87 43.69 43.54 43.38 14/15 U.S. Cotton Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 3,117 3,734 3,684 3,687 (Thousand Hectares) 3,671 3,674 3,669 3,685 3,706 3,723 3,750 865 929 937 947 (Kilograms per Hectare) 955 965 975 985 998 1,009 1,020 Production Beginning Stocks Domestic Supply 2,695 1,380 4,074 3,469 876 4,345 3,453 925 4,378 3,490 924 4,414 (Thousand Metric Tons) 3,507 3,546 3,578 927 924 914 4,435 4,470 4,492 3,632 901 4,533 3,697 892 4,589 3,755 890 4,645 3,824 888 4,712 Mill Use Ending Stocks Domestic Use 738 876 1,614 729 925 1,654 718 924 1,642 705 927 1,632 691 924 1,615 676 914 1,590 662 901 1,563 648 892 1,540 634 890 1,524 620 888 1,508 607 889 1,496 2,460 2,691 2,736 2,781 2,820 2,880 2,929 2,993 3,065 3,138 3,217 0 0 0 0 0 0 0 0 0 0 0 14/15 Area Harvested Yield Net Trade Loss African Cotton Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 3,783 3,911 3,948 3,937 (Thousand Hectares) 3,935 3,936 3,952 3,963 3,975 3,988 3,998 295 307 308 309 (Kilograms per Hectare) 311 312 313 314 316 317 318 Production Beginning Stocks Domestic Supply 1,115 594 1,710 1,201 528 1,728 1,217 521 1,738 1,218 532 1,750 (Thousand Metric Tons) 1,222 1,227 1,237 538 544 547 1,760 1,771 1,785 1,246 551 1,796 1,254 555 1,809 1,263 559 1,822 1,271 564 1,836 Mill Use Ending Stocks Domestic Use 564 528 1,092 577 521 1,099 585 532 1,117 591 538 1,129 597 544 1,141 600 547 1,148 604 551 1,155 608 555 1,163 613 559 1,172 618 564 1,182 622 569 1,191 611 624 615 615 614 618 624 627 631 635 638 6 6 6 6 6 6 6 6 6 6 6 Area Harvested Yield Net Trade Loss World Cotton: FAPRI 2010 Agricultural Outlook / 293 Argentine Cotton Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 400 441 460 Yield 433 452 Production Beginning Stocks Domestic Supply 173 140 313 Mill Use Ending Stocks Domestic Use Net Trade Loss 13/14 14/15 15/16 16/17 17/18 18/19 19/20 471 (Thousand Hectares) 479 485 492 499 506 513 521 459 467 (Kilograms per Hectare) 474 481 489 496 503 510 518 200 149 349 211 166 377 220 175 395 (Thousand Metric Tons) 227 233 240 182 188 192 409 421 433 247 197 444 255 202 456 262 206 468 270 211 480 168 149 318 170 166 335 172 175 346 174 182 356 177 188 365 179 192 371 181 197 378 183 202 385 185 206 391 187 211 398 189 215 404 -7 12 29 37 42 48 53 58 63 68 74 2 2 2 2 2 2 2 2 2 2 2 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Australian Cotton Supply and Utilization 09/10 10/11 11/12 12/13 195 269 273 279 (Thousand Hectares) 281 284 288 291 294 297 300 1,952 2,024 2,036 2,048 (Kilograms per Hectare) 2,060 2,072 2,084 2,096 2,108 2,120 2,132 Production Beginning Stocks Domestic Supply 380 202 583 544 220 763 555 232 786 571 236 807 (Thousand Metric Tons) 578 588 600 240 241 243 818 829 843 610 244 854 620 246 866 630 248 878 640 249 889 Mill Use Ending Stocks Domestic Use 9 220 228 9 232 240 9 236 246 10 240 249 10 241 251 11 243 253 11 244 256 12 246 258 12 248 260 13 249 262 13 250 264 371 539 557 574 583 592 604 613 623 632 641 -16 -16 -16 -16 -16 -16 -16 -16 -16 -16 -16 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Area Harvested Yield Net Trade Loss Brazilian Cotton Supply and Utilization 09/10 10/11 11/12 12/13 792 906 849 903 (Thousand Hectares) 909 904 933 956 978 1,012 1,035 Yield 1,490 1,554 1,563 1,581 (Kilograms per Hectare) 1,595 1,612 1,634 1,655 1,676 1,700 1,730 Production Beginning Stocks Domestic Supply 1,181 1,087 2,268 1,407 1,002 2,409 1,327 1,081 2,408 1,428 1,052 2,480 (Thousand Metric Tons) 1,450 1,457 1,525 1,084 1,096 1,096 2,534 2,553 2,621 1,582 1,121 2,704 1,640 1,148 2,787 1,720 1,175 2,896 1,792 1,214 3,005 Mill Use Ending Stocks Domestic Use 914 1,002 1,917 940 1,081 2,021 957 1,052 2,009 973 1,084 2,058 989 1,096 2,086 1,004 1,096 2,100 1,019 1,121 2,140 1,035 1,148 2,183 1,051 1,175 2,226 1,068 1,214 2,281 1,085 1,251 2,336 384 421 431 455 481 485 514 554 594 647 702 -33 -33 -33 -33 -33 -33 -33 -33 -33 -33 -33 Area Harvested Net Trade Loss 294 / World Cotton: FAPRI 2010 Agricultural Outlook Canadian Cotton Supply and Utilization 09/10 10/11 11/12 12/13 Beginning Stocks Domestic Supply 2 2 1 1 1 1 1 1 Mill Use Ending Stocks Domestic Use 5 1 6 5 1 6 5 1 6 5 1 6 5 1 6 -4 -5 -5 -5 0 0 0 Net Trade Loss 13/14 14/15 15/16 16/17 17/18 18/19 19/20 1 1 1 1 1 1 1 1 1 1 5 1 6 5 1 6 4 1 6 4 1 5 4 1 5 4 1 5 -5 -5 -5 -4 -4 -4 -4 0 0 0 0 0 0 0 0 14/15 (Thousand Metric Tons) 1 1 1 1 Chinese Cotton Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 Area Harvested 5,250 5,560 5,807 5,862 (Thousand Hectares) 5,855 5,835 5,826 5,818 5,823 5,820 5,818 Yield 1,327 1,348 1,369 1,390 (Kilograms per Hectare) 1,411 1,432 1,453 1,474 1,495 1,516 1,537 Production Beginning Stocks Domestic Supply 6,965 4,543 11,508 7,493 3,820 11,313 7,949 3,731 11,679 8,147 3,908 12,055 (Thousand Metric Tons) 8,260 8,354 8,464 4,102 4,255 4,367 12,362 12,609 12,831 8,574 4,464 13,038 8,704 4,554 13,259 8,822 4,655 13,477 8,941 4,754 13,695 Mill Use Ending Stocks Domestic Use 10,179 3,820 13,999 10,439 3,731 14,169 10,688 3,908 14,596 10,955 4,102 15,057 11,241 4,255 15,497 11,542 4,367 15,909 11,850 4,464 16,314 12,164 4,554 16,718 12,485 4,655 17,140 12,818 4,754 17,572 13,161 4,852 18,013 -1,947 -2,312 -2,372 -2,458 -2,590 -2,756 -2,939 -3,135 -3,337 -3,551 -3,774 -544 -544 -544 -544 -544 -544 -544 -544 -544 -544 -544 14/15 15/16 16/17 17/18 18/19 19/20 Net Trade Loss European Union Cotton Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 262 224 206 188 (Thousand Hectares) 175 162 149 136 123 110 97 Yield 840 846 848 850 (Kilograms per Hectare) 852 854 856 858 860 862 864 Production Beginning Stocks Domestic Supply 220 147 367 190 116 306 175 98 272 160 89 249 (Thousand Metric Tons) 149 138 128 80 73 67 229 212 195 117 61 177 106 54 160 95 48 143 84 43 127 Mill Use Ending Stocks Domestic Use 234 116 350 217 98 315 201 89 290 185 80 265 171 73 244 156 67 223 141 61 202 127 54 181 113 48 162 100 43 143 86 37 124 6 -20 -29 -27 -26 -22 -18 -15 -13 -10 -8 11 11 11 11 11 11 11 11 11 11 11 Net Trade Loss 13/14 World Cotton: FAPRI 2010 Agricultural Outlook / 295 Indian Cotton Supply and Utilization 09/10 10/11 11/12 12/13 10,253 10,412 10,421 497 521 Production Beginning Stocks Domestic Supply 5,097 2,128 7,225 Mill Use Ending Stocks Domestic Use Area Harvested Yield Net Trade Loss 13/14 14/15 15/16 16/17 17/18 18/19 19/20 10,406 (Thousand Hectares) 10,399 10,413 10,448 10,484 10,518 10,548 10,573 538 555 (Kilograms per Hectare) 572 589 606 623 640 657 674 5,426 1,897 7,323 5,608 1,788 7,396 5,777 1,805 7,581 (Thousand Metric Tons) 5,949 6,135 6,333 1,841 1,867 1,888 7,790 8,002 8,221 6,533 1,916 8,448 6,733 1,944 8,677 6,932 1,974 8,906 7,128 2,006 9,133 4,085 1,897 5,982 4,243 1,788 6,031 4,357 1,805 6,162 4,465 1,841 6,306 4,561 1,867 6,429 4,652 1,888 6,540 4,748 1,916 6,664 4,847 1,944 6,790 4,949 1,974 6,923 5,050 2,006 7,056 5,151 2,036 7,187 1,243 1,292 1,234 1,275 1,362 1,462 1,557 1,658 1,754 1,850 1,946 0 0 0 0 0 0 0 0 0 0 0 13/14 14/15 15/16 16/17 17/18 18/19 19/20 9 9 9 9 9 Indonesian Cotton Supply and Utilization Area Harvested Yield Production Beginning Stocks Domestic Supply Mill Use Ending Stocks Domestic Use Net Trade Loss 09/10 10/11 11/12 12/13 10 9 9 9 619 626 632 639 (Kilograms per Hectare) 645 652 658 665 671 678 684 6 76 82 6 73 79 6 88 94 6 84 90 (Thousand Metric Tons) 6 6 6 88 88 89 94 94 95 6 90 97 6 92 98 6 93 99 6 94 101 446 73 519 471 88 559 473 84 557 474 88 562 474 88 563 473 89 563 474 90 564 474 92 566 475 93 568 476 94 570 476 96 572 -448 -491 -474 -483 -479 -479 -479 -480 -481 -482 -482 11 11 11 11 11 11 11 11 11 11 11 13/14 14/15 15/16 16/17 17/18 18/19 19/20 6 6 6 6 5 5 4 4 3 3 (Thousand Hectares) 9 9 Japanese Cotton Supply and Utilization 09/10 10/11 11/12 12/13 Beginning Stocks Domestic Supply 15 15 9 9 9 9 8 8 Mill Use Ending Stocks Domestic Use 65 9 74 62 9 72 57 8 66 53 8 61 49 7 57 45 6 51 40 6 46 36 5 41 31 4 36 27 3 31 23 3 26 -60 -62 -56 -53 -49 -43 -39 -35 -31 -27 -22 0 0 0 0 0 0 0 0 0 0 0 Net Trade Loss (Thousand Metric Tons) 8 7 8 7 296 / World Cotton: FAPRI 2010 Agricultural Outlook Kazakhstan Cotton Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 120 155 127 Yield 547 602 Production Beginning Stocks Domestic Supply 66 50 116 Mill Use Ending Stocks Domestic Use Net Trade Loss 13/14 14/15 15/16 16/17 17/18 18/19 19/20 119 (Thousand Hectares) 115 113 115 117 119 121 123 607 612 (Kilograms per Hectare) 617 622 627 632 637 642 647 93 29 122 77 29 106 73 29 102 (Thousand Metric Tons) 71 71 72 29 30 30 100 100 102 74 30 104 76 31 106 78 31 109 80 31 111 11 29 40 11 29 40 11 29 40 11 29 41 11 30 41 12 30 42 12 30 42 12 31 42 12 31 43 12 31 43 12 32 44 76 81 66 61 59 59 60 62 64 65 67 0 0 0 0 0 0 0 0 0 0 0 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Mexican Cotton Supply and Utilization 09/10 10/11 11/12 12/13 70 112 121 124 (Thousand Hectares) 122 123 125 127 129 132 134 1,289 1,249 1,259 1,268 (Kilograms per Hectare) 1,278 1,288 1,297 1,307 1,317 1,327 1,336 Production Beginning Stocks Domestic Supply 91 168 259 139 145 285 152 161 313 157 152 309 (Thousand Metric Tons) 155 158 162 147 142 132 303 300 295 166 125 291 170 120 291 175 116 290 179 111 290 Mill Use Ending Stocks Domestic Use 413 145 559 414 161 575 406 152 558 398 147 545 389 142 531 377 132 510 367 125 492 359 120 479 352 116 467 345 111 456 337 107 444 -305 -296 -250 -242 -234 -215 -202 -193 -182 -171 -160 5 5 5 5 5 5 5 5 5 5 5 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Area Harvested Yield Net Trade Loss Other Asian Cotton Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 323 349 356 356 (Thousand Hectares) 355 355 355 356 356 356 356 Yield 272 275 277 280 (Kilograms per Hectare) 282 285 287 290 292 295 297 Production Beginning Stocks Domestic Supply 88 327 415 96 337 433 99 341 440 100 343 442 (Thousand Metric Tons) 100 101 102 345 347 348 445 448 450 103 349 452 104 351 455 105 353 458 106 354 460 1,742 337 2,079 1,750 341 2,091 1,803 343 2,146 1,850 345 2,194 1,897 347 2,243 1,944 348 2,292 1,989 349 2,338 2,035 351 2,386 2,081 353 2,434 2,128 354 2,483 2,176 356 2,532 -1,674 -1,667 -1,716 -1,762 -1,808 -1,854 -1,898 -1,943 -1,989 -2,035 -2,081 8 8 8 8 8 8 8 8 8 8 8 Mill Use Ending Stocks Domestic Use Net Trade Loss World Cotton: FAPRI 2010 Agricultural Outlook / 297 Other European Cotton Supply and Utilization Area Harvested Yield Production Beginning Stocks Domestic Supply Mill Use Ending Stocks Domestic Use Net Trade Loss 09/10 10/11 11/12 12/13 13/14 2 2 2 2 218 218 218 218 0 4 5 0 4 4 0 4 4 0 4 4 18 4 22 17 4 21 16 4 20 15 4 19 14 4 18 -18 -17 -16 -15 0 0 0 0 14/15 15/16 16/17 17/18 18/19 19/20 2 2 2 2 2 (Kilograms per Hectare) 218 218 218 218 218 218 218 0 4 4 0 4 4 0 4 4 0 4 4 0 4 4 13 4 17 12 4 16 11 4 15 10 4 14 9 4 13 8 4 12 -14 -13 -12 -11 -10 -9 -8 0 0 0 0 0 0 0 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Hectares) 2 2 (Thousand Metric Tons) 0 0 4 4 4 4 Other CIS Cotton Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 766 810 809 813 (Thousand Hectares) 825 832 843 852 862 872 882 Yield 465 500 505 510 (Kilograms per Hectare) 515 520 525 530 535 540 545 Production Beginning Stocks Domestic Supply 357 292 648 406 175 581 409 179 587 415 180 595 (Thousand Metric Tons) 425 433 443 181 182 183 606 615 626 452 184 636 462 185 647 471 186 658 481 187 668 Mill Use Ending Stocks Domestic Use 142 175 317 142 179 321 145 180 324 148 181 329 152 182 334 157 183 340 162 184 346 168 185 353 173 186 359 179 187 366 184 188 373 331 260 263 266 272 275 279 283 288 292 296 0 0 0 0 0 0 0 0 0 0 0 15/16 16/17 17/18 18/19 19/20 Net Trade Loss Other Latin American Cotton Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 170 173 174 173 (Thousand Hectares) 172 172 172 172 172 172 172 Yield 638 629 629 630 (Kilograms per Hectare) 630 631 631 632 632 633 633 Production Beginning Stocks Domestic Supply 108 132 241 109 118 227 110 119 228 109 119 228 (Thousand Metric Tons) 109 108 108 119 118 118 227 227 226 108 118 226 109 117 226 109 117 226 109 117 226 Mill Use Ending Stocks Domestic Use 331 118 450 319 119 438 319 119 438 322 119 440 324 118 442 326 118 444 327 118 445 329 117 446 330 117 447 332 117 449 334 117 450 -210 -212 -210 -214 -216 -218 -219 -221 -223 -224 -226 1 1 1 1 1 1 1 1 1 1 1 Net Trade Loss 13/14 14/15 298 / World Cotton: FAPRI 2010 Agricultural Outlook Other Middle Eastern Cotton Supply and Utilization 09/10 10/11 11/12 12/13 Area Harvested 342 372 383 Yield 912 946 Production Beginning Stocks Domestic Supply 312 105 417 Mill Use Ending Stocks Domestic Use Net Trade Loss 13/14 14/15 15/16 16/17 17/18 18/19 19/20 381 (Thousand Hectares) 380 379 380 380 381 382 382 960 974 (Kilograms per Hectare) 988 1,003 1,017 1,031 1,045 1,059 1,074 352 86 437 367 90 458 371 92 463 (Thousand Metric Tons) 376 380 387 92 93 93 468 472 479 392 93 485 398 94 492 404 94 499 410 95 505 349 86 435 358 90 449 366 92 458 372 92 464 378 93 471 383 93 476 388 93 481 393 94 486 398 94 492 403 95 498 409 95 504 -18 -11 0 -1 -3 -4 -2 -1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 14/15 Pakistani Cotton Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 3,000 3,054 3,071 3,094 (Thousand Hectares) 3,121 3,146 3,170 3,193 3,215 3,237 3,258 710 726 733 741 (Kilograms per Hectare) 749 757 764 772 780 787 795 Production Beginning Stocks Domestic Supply 2,130 966 3,096 2,217 953 3,169 2,253 972 3,225 2,293 986 3,279 (Thousand Metric Tons) 2,337 2,380 2,423 1,000 1,017 1,033 3,337 3,397 3,456 2,465 1,051 3,516 2,507 1,069 3,575 2,548 1,085 3,633 2,590 1,103 3,693 Mill Use Ending Stocks Domestic Use 2,612 953 3,565 2,694 972 3,666 2,758 986 3,744 2,817 1,000 3,817 2,877 1,017 3,893 2,938 1,033 3,972 3,001 1,051 4,052 3,066 1,069 4,135 3,132 1,085 4,218 3,199 1,103 4,302 3,266 1,120 4,386 -474 -502 -524 -543 -561 -580 -601 -624 -647 -673 -699 5 5 5 5 5 5 5 5 5 5 5 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 0 0 0 25 24 24 25 24 24 0 23 23 0 22 22 0 22 22 0 21 21 Area Harvested Yield Net Trade Loss Russian Cotton Supply and Utilization Production Beginning Stocks Domestic Supply Mill Use Ending Stocks Domestic Use Net Trade Loss 09/10 10/11 11/12 12/13 0 32 32 0 27 27 0 26 26 0 25 25 153 27 179 141 26 167 134 25 159 127 25 152 120 24 144 113 24 137 107 23 130 100 22 122 93 22 115 87 21 108 80 21 101 -147 -140 -133 -126 -120 -113 -106 -99 -93 -86 -79 0 0 0 0 0 0 0 0 0 0 0 World Cotton: FAPRI 2010 Agricultural Outlook / 299 South Korean Cotton Supply and Utilization Production Beginning Stocks Domestic Supply Mill Use Ending Stocks Domestic Use Net Trade Loss 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 0 47 47 0 46 46 0 55 55 0 58 58 (Thousand Metric Tons) 0 0 0 58 57 55 58 57 55 0 52 52 0 49 49 0 47 47 0 44 44 216 46 262 215 55 270 213 58 271 206 58 265 199 57 256 190 55 245 182 52 234 173 49 222 164 47 211 156 44 200 147 42 189 -215 -224 -216 -206 -198 -188 -179 -170 -162 -153 -144 0 0 0 0 0 0 0 0 0 0 0 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 0 0 0 47 46 45 47 46 45 0 44 44 0 43 43 0 42 42 0 41 41 Taiwanese Cotton Supply and Utilization Production Beginning Stocks Domestic Supply Mill Use Ending Stocks Domestic Use Net Trade Loss 09/10 10/11 11/12 12/13 0 49 49 0 50 50 0 49 49 0 48 48 178 50 228 178 49 227 175 48 223 173 47 220 170 46 216 167 45 212 164 44 207 162 43 204 159 42 201 155 41 196 151 40 191 -179 -177 -174 -172 -169 -166 -163 -161 -158 -154 -150 0 0 0 0 0 0 0 0 0 0 0 300 / World Cotton: FAPRI 2010 Agricultural Outlook Turkish Cotton Supply and Utilization Area Harvested Yield Production Beginning Stocks Domestic Supply Mill Use Ending Stocks Domestic Use Net Trade Loss 09/10 10/11 11/12 12/13 280 360 367 1,321 1,324 370 355 725 13/14 14/15 15/16 16/17 17/18 18/19 19/20 367 (Thousand Hectares) 369 371 377 381 385 389 393 1,337 1,350 (Kilograms per Hectare) 1,363 1,376 1,389 1,402 1,415 1,428 1,441 476 307 783 491 316 806 495 320 815 (Thousand Metric Tons) 503 511 524 322 324 325 825 835 849 534 328 862 545 330 875 556 332 888 566 335 901 1,114 307 1,421 1,125 316 1,440 1,139 320 1,458 1,153 322 1,475 1,166 324 1,491 1,180 325 1,505 1,193 328 1,520 1,206 330 1,535 1,218 332 1,550 1,230 335 1,565 1,242 337 1,579 -695 -657 -652 -660 -666 -670 -671 -673 -675 -677 -678 0 0 0 0 0 0 0 0 0 0 0 14/15 Uzbek Cotton Supply and Utilization Area Harvested Yield Production Beginning Stocks Domestic Supply Mill Use Ending Stocks Domestic Use Net Trade Loss 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 1,309 1,368 1,379 1,372 (Thousand Hectares) 1,371 1,368 1,372 1,372 1,373 1,374 1,374 739 784 789 794 (Kilograms per Hectare) 799 804 809 814 819 824 829 967 424 1,391 1,072 293 1,365 1,087 313 1,400 1,089 321 1,410 (Thousand Metric Tons) 1,095 1,100 1,110 324 329 333 1,419 1,429 1,443 1,117 339 1,456 1,124 345 1,469 1,132 350 1,482 1,139 356 1,494 218 293 512 219 313 532 221 321 542 223 324 548 225 329 554 228 333 561 230 339 569 233 345 577 235 350 585 238 356 593 240 361 601 879 833 858 863 865 867 874 879 884 889 894 0 0 0 0 0 0 0 0 0 0 0 WORLD SUGAR 302 / World Sugar: FAPRI 2010 Agricultural Outlook World Sugar World sugarcane harvested area increases by 1.3% in 2009/10, and world sugar beet harvested area declines by 0.2% as beet area drops in China, Russia, and Ukraine. By 2019/20, harvested area for sugarcane increases 15.4%, and sugar beet harvested area increases by 3.9% because significant reductions in beet area in the EU are more than offset by increases in other countries such as China and Russia. World sugar production (in raw sugar equivalence) increases 6.3%, to 153.3 mmt, in 2009/10, following an 11.3% decline in 2008/09. Sugar consumption increases 1.1%, to 155.8 mmt, in 2009/10. The higher consumption results in a 2.6 mmt deficit in the world sugar market. Total sugar production increases 24.2% and total consumption increases 21.9% over the decade. World sugar net trade increases 13.3% by 2019/20. The production shortfall in 2009/10 results in a dramatic increase in the world sugar price. The price increases by 60.6%, from 15.9¢ per pound to 25.6¢ per pound. This is followed by a 25.6% decline in the following year. However, the world sugar price remains high over the projection period, reaching 20.4¢ per pound by 2019/20. This sustained higher world price is primarily the result of higher sugar imports in countries such as the EU, China, and Pakistan, and also increased production of ethanol from sugarcane, particularly in Brazil. Brazil continues its record crop production in 2009/10, with sugarcane production increasing by 15.4 mmt, or 2.4%, as crop harvested area increases 2.6%. Less than half of the sugarcane produced (45%) goes to sugar production, while the rest goes to ethanol production. Sugar production increases by 9.8% in 2009/10 while sugar consumption declines by 4.1%, and net exports increase by almost 20%. Sugar production and consumption increase 18.5% and 26.8%, respectively, while net exports reach almost 28 mmt by 2019/20, an increase of 10.3%. Thai sugarcane harvested area increases by 3% and sugarcane yields increase by 5.1% in 2009/10 because of favorable weather conditions. Consequently, sugarcane production increases by 8.3%. Sugar production increases by almost 7% in the same year while sugar consumption increases 5%, with higher consumption from both households and industry. Sugar production, consumption, and net exports increase 18.7%, 24.1%, and 12.8%, respectively, by 2019/20. In 2007/08 and 2008/09, Indian sugar production was on the downward side of the country’s persistent cyclical fluctuations in production. Despite lower sugarcane harvested area in 2009/10, sugar production increases by 7.3% because of higher yields. Sugar consumption falls by almost 3% in 2009/10. However, consumption is 6.2 mmt higher than consumption, which results in an increase in net imports from 2.6 mmt in 2008/09 to 6.0 mmt in 2009/10. Sugar production and consumption increase 75.5% and 26.4%, respectively, by 2019/20. With the projected recovery in 2010/11, India becomes a net exporter, with net exports increasing and then declining over the projection period. Beet harvested area in the EU increases by 3.1% in 2009/10, after declining in the first three years of the CMO sugar reforms. As a result, sugar production increases by 14.1%, to 15.5 mmt, while consumption decreases by 1% in 2009/10, and net imports total 2 mmt. With over-quota sugar going into ethanol production, sugar production increases 5.4% and consumption increases 23.8% over the projection period. The EU continues to be a major importer of sugar, with net imports of 4 mmt by 2019/20. Although Russia is the largest importer of sugar, accounting for 5.6% of world net trade, its net imports decline by 15.4% in 2009/10. With sugar production expanding by 34% and consumption by 5.7%, net imports decline over the projection period by nearly 47%. As a region, Asia is the largest importer, with China, Indonesia, Japan, Malaysia, and South Korea together accounting for 19% of world trade by 2019/20. Sugar production declines in China for the second consecutive year but is projected to recover, increasing by 22% by 2019/20. Net imports in Japan decline 13% by 2019/20, as Japanese sugar consumption declines by 1.6% while production increases by 11.4% over the decade. World Sugar: FAPRI 2010 Agricultural Outlook / 303 Sugar Trade Net Exporters Argentina Australia Brazil Colombia Cuba Guatemala India Mexico Philippines South Africa Thailand Turkey Total Net Exports * Net Importers Algeria Canada China Egypt European Union Indonesia Iran Japan Malaysia Morocco Pakistan Peru Russia South Korea Ukraine United States Venezuela Rest of World Total Net Imports Prices FOB Caribbean Price New York Spot 09/10 10/11 11/12 12/13 596 3,691 25,357 925 510 1,515 -5,990 -20 160 700 5,800 5 549 3,873 21,443 964 773 1,717 429 468 131 668 5,882 110 552 3,845 21,085 966 832 1,696 1,302 570 197 697 5,937 18 39,259 37,005 1,100 1,408 835 1,160 2,025 1,500 693 1,313 1,270 700 730 45 2,200 1,260 225 2,002 450 11,453 13/14 15/16 16/17 17/18 18/19 19/20 556 3,814 21,512 970 868 1,720 1,515 605 205 712 6,008 0 (Thousand Metric Tons) 555 556 561 3,777 3,742 3,718 22,675 23,670 24,464 965 959 955 882 891 904 1,750 1,784 1,823 1,350 1,175 1,028 612 614 605 185 161 141 717 713 705 6,072 6,143 6,219 17 41 65 573 3,707 25,119 954 920 1,868 913 594 126 698 6,298 93 584 3,697 26,072 955 930 1,909 728 583 108 681 6,374 116 594 3,688 26,963 959 937 1,949 560 571 89 660 6,457 141 604 3,679 27,963 961 940 1,985 373 558 67 636 6,541 167 37,698 38,483 39,557 40,451 41,188 41,862 42,736 43,568 44,475 1,249 1,469 1,881 1,151 2,597 1,588 1,072 1,276 1,364 737 905 78 2,447 1,316 425 2,082 535 11,952 1,285 1,469 1,682 1,237 2,666 1,639 1,047 1,252 1,393 761 971 85 2,253 1,333 450 2,186 468 12,642 1,324 1,484 1,629 1,308 2,866 1,718 1,055 1,233 1,436 796 1,023 106 2,165 1,350 458 2,223 463 12,966 1,364 1,501 1,651 1,380 3,033 1,809 1,084 1,214 1,485 835 1,125 138 2,117 1,367 468 2,233 478 13,395 1,397 1,509 1,675 1,443 3,212 1,902 1,113 1,200 1,532 874 1,219 170 2,062 1,380 470 2,237 494 13,684 1,421 1,522 1,698 1,492 3,387 1,995 1,140 1,188 1,578 911 1,302 200 1,998 1,390 464 2,230 504 13,888 1,445 1,539 1,716 1,537 3,554 2,086 1,164 1,176 1,624 947 1,380 230 1,926 1,401 453 2,220 513 14,071 1,471 1,557 1,749 1,590 3,715 2,174 1,192 1,164 1,674 985 1,476 265 1,863 1,415 440 2,211 526 14,389 1,497 1,574 1,785 1,643 3,865 2,260 1,218 1,152 1,724 1,024 1,572 301 1,797 1,429 425 2,202 540 14,679 1,523 1,593 1,822 1,702 4,021 2,346 1,246 1,140 1,774 1,064 1,675 341 1,733 1,443 410 2,191 555 15,015 39,259 37,005 37,698 38,483 39,557 40,451 41,188 41,862 42,736 43,568 44,475 564 647 420 552 430 543 434 553 (U.S. Dollars per Metric Ton) 431 434 440 556 563 565 448 565 449 566 451 567 450 566 Note: Sugar is in raw equivalent. * Total net exports are the sum of all positive net exports and negative net imports. 14/15 304 / World Sugar: FAPRI 2010 Agricultural Outlook World Sugar Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 4.50 4.52 4.50 4.51 4.58 4.60 4.62 4.65 4.67 47.98 47.55 47.90 48.31 (Metric Tons per Hectare) 48.74 49.17 49.58 49.98 50.39 50.80 51.21 216 215 215 218 (Million Metric Tons) 221 224 227 230 233 236 239 Sugarcane Area Harvested 24.69 25.84 25.59 25.88 (Million Hectares) 26.21 26.51 26.87 27.29 27.71 28.11 28.49 Yield 71.22 72.35 72.97 73.62 (Metric Tons per Hectare) 74.28 74.93 75.59 76.26 76.94 77.67 78.37 Production 1,758 1,870 1,868 1,905 (Million Metric Tons) 1,947 1,986 2,031 2,081 2,132 2,183 2,233 Sugar Production Beginning Stocks Domestic Supply 153.26 30.70 183.96 164.79 28.12 192.90 165.20 31.74 196.94 168.01 32.57 200.58 171.39 33.31 204.70 174.49 33.87 208.36 177.48 34.37 211.85 180.44 34.84 215.27 183.76 35.24 219.00 187.00 35.71 222.71 190.38 36.17 226.55 Consumption Ending Stocks Domestic Use 155.84 28.12 183.96 161.16 31.74 192.90 164.37 32.57 196.94 167.27 33.31 200.58 170.83 33.87 204.70 173.99 34.37 208.36 177.02 34.84 211.85 180.03 35.24 215.27 183.29 35.71 219.00 186.54 36.17 222.71 189.90 36.65 226.55 39.26 37.01 37.70 38.48 39.56 40.45 41.19 41.86 42.74 43.57 44.47 Sugar Beet Area Harvested Yield Production Net Trade 13/14 14/15 (Million Hectares) 4.53 4.55 World Sugar: FAPRI 2010 Agricultural Outlook / 305 U.S. Sugar Supply and Utilization Sugar Beet Area Harvested Yield Production Sugarcane Area Harvested Yield Production Sugar Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 463 512 471 57.78 58.94 26,779 13/14 14/15 15/16 16/17 17/18 18/19 19/20 463 (Thousand Hectares) 465 466 468 465 464 464 465 59.61 60.27 (Metric Tons per Hectare) 60.98 61.70 62.41 63.10 63.81 64.52 65.24 30,153 28,083 27,935 (Thousand Metric Tons) 28,326 28,747 29,189 29,343 29,605 29,925 30,318 332 342 346 338 (Thousand Hectares) 337 336 336 335 333 332 331 77.56 75.00 75.29 75.64 (Metric Tons per Hectare) 76.17 76.74 77.30 77.84 78.38 78.94 79.50 25,760 25,686 26,017 25,528 (Thousand Metric Tons) 25,632 25,796 25,964 26,067 26,133 26,220 26,321 7,110 1,316 8,426 7,846 1,001 8,847 7,600 1,338 8,938 7,552 1,362 8,914 7,661 1,356 9,018 7,784 1,376 9,161 7,912 1,390 9,302 7,986 1,414 9,400 8,073 1,440 9,513 8,173 1,464 9,636 8,287 1,486 9,773 9,428 1,001 10,428 9,591 1,338 10,929 9,762 1,362 11,124 9,780 1,356 11,137 9,874 1,376 11,251 10,007 1,390 11,397 10,117 1,414 11,532 10,181 1,440 11,621 10,260 1,464 11,724 10,353 1,486 11,839 10,450 1,514 11,964 -2,002 -2,082 -2,186 -2,223 -2,233 -2,237 -2,230 -2,220 -2,211 -2,202 -2,191 306 / World Sugar: FAPRI 2010 Agricultural Outlook Algerian Sugar Supply and Utilization Sugar Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 0 75 75 0 60 60 0 75 75 0 88 88 (Thousand Metric Tons) 0 0 0 102 115 127 102 115 127 0 138 138 0 148 148 0 158 158 0 168 168 1,115 60 1,175 1,235 75 1,309 1,272 88 1,360 1,311 102 1,412 1,351 115 1,465 1,384 127 1,511 1,411 138 1,548 1,435 148 1,582 1,461 158 1,619 1,487 168 1,654 1,513 178 1,690 -1,100 -1,249 -1,285 -1,324 -1,364 -1,397 -1,421 -1,445 -1,471 -1,497 -1,523 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Argentine Sugar Supply and Utilization 09/10 10/11 11/12 12/13 312 320 316 315 (Thousand Hectares) 315 315 315 316 318 319 321 65.71 67.92 69.47 70.69 (Metric Tons per Hectare) 71.71 72.61 73.44 74.24 75.02 75.79 76.54 20,500 21,761 21,988 22,289 (Thousand Metric Tons) 22,579 22,854 23,155 23,493 23,847 24,191 24,533 Sugar Production Beginning Stocks Domestic Supply 2,250 216 2,466 2,394 150 2,544 2,424 162 2,586 2,463 167 2,630 2,501 171 2,672 2,537 175 2,712 2,576 178 2,754 2,620 181 2,801 2,665 184 2,849 2,710 187 2,897 2,754 190 2,944 Consumption Ending Stocks Domestic Use 1,720 150 1,870 1,834 162 1,995 1,866 167 2,033 1,903 171 2,074 1,942 175 2,117 1,977 178 2,155 2,011 181 2,193 2,044 184 2,228 2,078 187 2,265 2,113 190 2,303 2,147 193 2,340 596 549 552 556 555 556 561 573 584 594 604 Sugarcane Area Harvested Yield Production Net Trade World Sugar: FAPRI 2010 Agricultural Outlook / 307 Australian Sugar Supply and Utilization 09/10 10/11 11/12 12/13 379 397 393 84.43 85.25 32,000 Sugar Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Sugarcane Area Harvested Yield Production Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 389 (Thousand Hectares) 385 381 379 377 375 374 372 85.88 86.44 (Metric Tons per Hectare) 86.96 87.45 87.93 88.42 88.90 89.39 89.86 33,884 33,719 33,592 (Thousand Metric Tons) 33,469 33,342 33,285 33,306 33,351 33,391 33,433 4,900 451 5,351 5,195 410 5,605 5,177 437 5,613 5,164 449 5,613 5,152 457 5,609 5,139 465 5,604 5,137 471 5,608 5,147 476 5,623 5,160 480 5,641 5,173 486 5,659 5,186 490 5,677 1,250 410 1,660 1,296 437 1,732 1,319 449 1,768 1,343 457 1,800 1,367 465 1,832 1,391 471 1,862 1,414 476 1,890 1,436 480 1,916 1,458 486 1,944 1,480 490 1,971 1,503 495 1,998 3,691 3,873 3,845 3,814 3,777 3,742 3,718 3,707 3,697 3,688 3,679 14/15 Brazilian Sugar Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 Sugarcane Area Harvested 8,423 8,550 8,325 8,547 (Thousand Hectares) 8,818 9,064 9,360 9,688 10,028 10,352 10,653 Yield 78.47 79.63 80.07 80.68 (Metric Tons per Hectare) 81.43 82.21 83.01 83.81 84.64 85.56 86.47 660,975 680,895 666,539 689,573 (Thousand Metric Tons) 718,026 745,130 776,899 811,999 848,756 885,795 921,178 Sugar Production Beginning Stocks Domestic Supply 35,371 1,995 37,366 34,003 1,000 35,003 32,648 2,060 34,708 33,515 1,868 35,383 34,974 1,849 36,823 36,235 1,849 38,083 37,277 1,843 39,119 38,195 1,831 40,026 39,440 1,820 41,260 40,616 1,820 42,436 41,924 1,819 43,743 Consumption Ending Stocks Domestic Use 11,009 1,000 12,009 11,500 2,060 13,561 11,755 1,868 13,623 12,022 1,849 13,872 12,300 1,849 14,148 12,570 1,843 14,413 12,825 1,831 14,655 13,086 1,820 14,906 13,368 1,820 15,188 13,654 1,819 15,473 13,956 1,824 15,780 25,357 21,443 21,085 21,512 22,675 23,670 24,464 25,119 26,072 26,963 27,963 Production Net Trade 308 / World Sugar: FAPRI 2010 Agricultural Outlook Canadian Sugar Supply and Utilization 09/10 10/11 11/12 12/13 14 14 14 14 52.81 55.41 56.87 Production 719 788 Sugar Production Beginning Stocks Domestic Supply 100 100 200 Sugar Beet Area Harvested Yield Consumption Ending Stocks Domestic Use Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 14 14 14 14 14 57.88 (Metric Tons per Hectare) 58.69 59.43 60.15 60.85 61.56 62.27 62.97 805 815 (Thousand Metric Tons) 823 831 839 848 856 864 872 110 154 264 112 178 290 114 183 296 115 184 299 116 185 301 117 184 301 119 184 302 120 184 304 121 185 306 122 185 308 1,454 154 1,608 1,555 178 1,732 1,576 183 1,759 1,596 184 1,780 1,615 185 1,800 1,626 184 1,810 1,640 184 1,823 1,657 184 1,842 1,677 185 1,861 1,695 185 1,880 1,714 186 1,900 -1,408 -1,469 -1,469 -1,484 -1,501 -1,509 -1,522 -1,539 -1,557 -1,574 -1,593 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Hectares) 14 14 Chinese Sugar Supply and Utilization 09/10 10/11 11/12 12/13 185 222 234 238 (Thousand Hectares) 239 239 238 237 236 235 234 Yield 37.84 40.65 42.28 43.40 (Metric Tons per Hectare) 44.30 45.11 45.86 46.60 47.33 48.06 48.78 Production 7,000 9,034 9,896 10,337 (Thousand Metric Tons) 10,591 10,760 10,895 11,026 11,155 11,278 11,400 Sugarcane Area Harvested 1,709 1,744 1,750 1,759 (Thousand Hectares) 1,767 1,775 1,783 1,792 1,802 1,811 1,821 Yield 71.97 72.34 72.75 73.18 (Metric Tons per Hectare) 73.63 74.09 74.54 75.00 75.46 75.92 76.37 123,000 126,185 127,335 128,697 (Thousand Metric Tons) 130,097 131,479 132,899 134,404 135,950 137,499 139,071 Sugar Production Beginning Stocks Domestic Supply 13,161 3,464 16,625 13,825 2,047 15,872 14,099 2,257 16,356 14,354 2,333 16,687 14,595 2,372 16,967 14,827 2,401 17,228 15,061 2,421 17,482 15,305 2,434 17,739 15,555 2,445 18,000 15,806 2,457 18,262 16,061 2,468 18,529 Consumption Ending Stocks Domestic Use 15,413 2,047 17,460 15,496 2,257 17,753 15,704 2,333 18,037 15,944 2,372 18,316 16,217 2,401 18,618 16,481 2,421 18,902 16,745 2,434 19,180 17,011 2,445 19,456 17,292 2,457 19,749 17,580 2,468 20,048 17,873 2,477 20,351 -835 -1,881 -1,682 -1,629 -1,651 -1,675 -1,698 -1,716 -1,749 -1,785 -1,822 Sugar Beet Area Harvested Production Net Trade World Sugar: FAPRI 2010 Agricultural Outlook / 309 Colombian Sugar Supply and Utilization 09/10 10/11 11/12 12/13 445 455 450 75.82 77.12 33,740 Sugar Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Sugarcane Area Harvested Yield Production Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 449 (Thousand Hectares) 448 447 446 446 446 446 446 77.84 78.44 (Metric Tons per Hectare) 78.97 79.47 79.94 80.42 80.90 81.38 81.84 35,066 35,055 35,220 (Thousand Metric Tons) 35,383 35,521 35,678 35,865 36,077 36,307 36,533 2,575 125 2,700 2,687 170 2,857 2,696 190 2,886 2,720 196 2,916 2,743 199 2,942 2,764 200 2,964 2,787 200 2,987 2,813 201 3,013 2,840 201 3,041 2,869 201 3,070 2,898 201 3,099 1,605 170 1,775 1,703 190 1,893 1,723 196 1,920 1,748 199 1,946 1,777 200 1,977 1,805 200 2,005 1,832 201 2,032 1,859 201 2,059 1,885 201 2,086 1,910 201 2,111 1,937 201 2,138 925 964 966 970 965 959 955 954 955 959 961 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Cuban Sugar Supply and Utilization 09/10 10/11 11/12 12/13 392 438 438 442 (Thousand Hectares) 444 446 449 453 457 460 462 Yield 24.75 26.88 27.84 28.33 (Metric Tons per Hectare) 28.57 28.68 28.73 28.75 28.76 28.76 28.75 Production 9,694 11,762 12,209 12,515 (Thousand Metric Tons) 12,686 12,782 12,887 13,020 13,138 13,223 13,281 Sugar Production Beginning Stocks Domestic Supply 1,250 55 1,305 1,519 85 1,604 1,579 92 1,671 1,621 98 1,719 1,646 104 1,750 1,661 111 1,772 1,677 118 1,795 1,697 124 1,821 1,715 129 1,844 1,729 136 1,865 1,739 142 1,882 710 85 795 739 92 831 742 98 840 748 104 851 757 111 868 763 118 881 768 124 891 772 129 901 779 136 914 785 142 927 792 150 942 510 773 832 868 882 891 904 920 930 937 940 Sugarcane Area Harvested Consumption Ending Stocks Domestic Use Net Trade 310 / World Sugar: FAPRI 2010 Agricultural Outlook Egyptian Sugar Supply and Utilization 09/10 10/11 11/12 12/13 15/16 16/17 17/18 18/19 19/20 100 102 102 102 (Thousand Hectares) 102 103 103 104 105 105 106 Yield 42.94 44.97 46.19 47.00 (Metric Tons per Hectare) 47.61 48.13 48.61 49.06 49.50 49.93 50.36 Production 4,304 4,584 4,696 4,788 (Thousand Metric Tons) 4,867 4,940 5,018 5,101 5,184 5,266 5,348 141 142 138 137 (Thousand Hectares) 136 136 136 137 138 139 139 96.96 99.91 101.69 103.13 (Metric Tons per Hectare) 104.45 105.72 106.98 108.24 109.51 110.77 112.03 13,712 14,159 14,028 14,093 (Thousand Metric Tons) 14,219 14,375 14,583 14,836 15,096 15,349 15,596 Sugar Production Beginning Stocks Domestic Supply 1,750 746 2,496 1,824 936 2,760 1,826 931 2,758 1,845 931 2,776 1,869 931 2,801 1,896 933 2,829 1,928 934 2,862 1,965 935 2,899 2,002 935 2,937 2,040 935 2,975 2,076 936 3,012 Consumption Ending Stocks Domestic Use 2,720 936 3,656 2,980 931 3,912 3,064 931 3,995 3,153 931 4,084 3,248 933 4,181 3,337 934 4,271 3,419 935 4,353 3,502 935 4,437 3,592 935 4,527 3,682 936 4,618 3,777 937 4,714 -1,160 -1,151 -1,237 -1,308 -1,380 -1,443 -1,492 -1,537 -1,590 -1,643 -1,702 14/15 Sugar Beet Area Harvested Sugarcane Area Harvested Yield Production Net Trade 13/14 14/15 European Union Sugar Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 Sugar Beet Area Harvested 1,546 1,365 1,373 1,377 (Thousand Hectares) 1,384 1,389 1,393 1,398 1,403 1,409 1,413 Yield 64.76 65.15 65.61 66.10 (Metric Tons per Hectare) 66.60 67.10 67.62 68.16 68.70 69.25 69.79 100,112 88,914 90,082 91,023 (Thousand Metric Tons) 92,143 93,174 94,220 95,298 96,393 97,539 98,637 0.3 0.3 0.2 0.2 (Thousand Hectares) 0.2 0.2 0.2 0.2 0.2 0.2 0.2 61.44 61.65 61.85 62.02 (Metric Tons per Hectare) 62.19 62.35 62.53 62.72 62.92 63.12 63.32 18 16 15 14 (Thousand Metric Tons) 14 14 14 15 15 15 16 Sugar Production Beginning Stocks Domestic Supply 15,485 2,175 17,660 14,629 3,185 17,814 14,830 3,219 18,049 14,994 3,153 18,147 15,188 3,076 18,264 15,367 2,994 18,361 15,549 2,912 18,461 15,736 2,831 18,567 15,927 2,749 18,675 16,126 2,667 18,792 16,317 2,584 18,901 Consumption Ending Stocks Domestic Use 16,500 3,185 19,685 17,192 3,219 20,411 17,562 3,153 20,715 17,936 3,076 21,012 18,302 2,994 21,296 18,660 2,912 21,573 19,018 2,831 21,848 19,372 2,749 22,121 19,724 2,667 22,390 20,073 2,584 22,658 20,421 2,502 22,923 -2,025 -2,597 -2,666 -2,866 -3,033 -3,212 -3,387 -3,554 -3,715 -3,865 -4,021 Production Sugarcane Area Harvested Yield Production Net Trade World Sugar: FAPRI 2010 Agricultural Outlook / 311 Guatemalan Sugar Supply and Utilization 09/10 10/11 11/12 12/13 240 256 259 92.02 92.71 22,054 Sugar Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Sugarcane Area Harvested Yield Production Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 262 (Thousand Hectares) 264 266 268 270 271 273 274 93.47 94.48 (Metric Tons per Hectare) 95.60 96.78 97.99 99.22 100.47 101.72 102.95 23,757 24,214 24,758 (Thousand Metric Tons) 25,267 25,737 26,226 26,752 27,274 27,768 28,242 2,250 622 2,872 2,434 612 3,046 2,492 499 2,991 2,559 448 3,007 2,623 421 3,044 2,684 402 3,085 2,746 386 3,132 2,813 371 3,184 2,881 355 3,236 2,945 341 3,286 3,008 327 3,335 745 612 1,357 831 499 1,330 847 448 1,295 867 421 1,287 892 402 1,294 916 386 1,302 938 371 1,309 960 355 1,316 986 341 1,327 1,011 327 1,338 1,037 312 1,350 1,515 1,717 1,696 1,720 1,750 1,784 1,823 1,868 1,909 1,949 1,985 14/15 Indian Sugar Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 Sugarcane Area Harvested 4,250 4,939 5,016 5,055 (Thousand Hectares) 5,081 5,103 5,130 5,165 5,199 5,232 5,264 Yield 65.41 68.66 70.04 70.82 (Metric Tons per Hectare) 71.38 71.87 72.32 72.77 73.22 73.67 74.10 278,000 339,086 351,325 357,972 (Thousand Metric Tons) 362,686 366,746 371,056 375,857 380,712 385,389 390,028 Sugar Production Beginning Stocks Domestic Supply 17,300 3,690 20,990 25,850 3,480 29,330 26,845 4,495 31,340 27,416 5,065 32,481 27,842 5,451 33,293 28,219 5,787 34,006 28,616 6,086 34,702 29,053 6,359 35,412 29,496 6,620 36,116 29,927 6,891 36,817 30,356 7,161 37,517 Consumption Ending Stocks Domestic Use 23,500 3,480 26,980 24,406 4,495 28,900 24,973 5,065 30,037 25,515 5,451 30,966 26,156 5,787 31,943 26,745 6,086 32,831 27,315 6,359 33,674 27,880 6,620 34,499 28,497 6,891 35,388 29,096 7,161 36,258 29,709 7,436 37,145 -5,990 429 1,302 1,515 1,350 1,175 1,028 913 728 560 373 Production Net Trade 312 / World Sugar: FAPRI 2010 Agricultural Outlook Indonesian Sugar Supply and Utilization 09/10 10/11 11/12 12/13 350 350 350 76.00 77.33 26,600 Sugar Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Sugarcane Area Harvested Yield Production Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 350 (Thousand Hectares) 350 349 349 350 350 351 351 77.92 78.16 (Metric Tons per Hectare) 78.23 78.24 78.22 78.19 78.16 78.13 78.09 27,079 27,306 27,357 (Thousand Metric Tons) 27,352 27,334 27,326 27,335 27,360 27,393 27,443 2,960 340 3,300 3,016 400 3,416 3,044 437 3,481 3,052 459 3,512 3,055 476 3,531 3,055 492 3,547 3,057 507 3,564 3,061 521 3,582 3,066 534 3,601 3,073 547 3,620 3,081 560 3,642 4,400 400 4,800 4,567 437 5,004 4,660 459 5,120 4,753 476 5,229 4,848 492 5,340 4,943 507 5,449 5,038 521 5,559 5,133 534 5,667 5,227 547 5,775 5,320 560 5,881 5,415 573 5,987 -1,500 -1,588 -1,639 -1,718 -1,809 -1,902 -1,995 -2,086 -2,174 -2,260 -2,346 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Iranian Sugar Supply and Utilization Sugar Beet Area Harvested 09/10 10/11 11/12 12/13 165 168 163 160 (Thousand Hectares) 159 158 157 157 157 156 156 35.63 35.97 36.30 36.63 5,589 5,630 5,667 5,700 66 67 67 67 67 Yield 33.39 33.70 34.00 34.32 (Metric Tons per Hectare) 34.65 34.98 35.30 Production 5,504 5,673 5,549 5,506 (Thousand Metric Tons) 5,504 5,518 5,548 63 66 66 66 Yield 87.83 88.16 88.61 89.15 (Metric Tons per Hectare) 89.74 90.34 90.94 91.55 92.17 92.80 93.40 Production 5,528 5,824 5,865 5,902 (Thousand Metric Tons) 5,941 5,984 6,035 6,096 6,160 6,223 6,283 Sugar Production Beginning Stocks Domestic Supply 1,300 407 1,707 1,356 200 1,556 1,347 346 1,693 1,348 409 1,757 1,353 442 1,796 1,361 465 1,826 1,372 483 1,855 1,385 500 1,885 1,399 516 1,915 1,412 532 1,944 1,424 548 1,972 Consumption Ending Stocks Domestic Use 2,200 200 2,400 2,282 346 2,628 2,331 409 2,740 2,370 442 2,813 2,414 465 2,879 2,456 483 2,939 2,495 500 2,995 2,533 516 3,049 2,575 532 3,107 2,614 548 3,162 2,654 564 3,219 -693 -1,072 -1,047 -1,055 -1,084 -1,113 -1,140 -1,164 -1,192 -1,218 -1,246 Sugarcane Area Harvested Net Trade (Thousand Hectares) 66 66 World Sugar: FAPRI 2010 Agricultural Outlook / 313 Japanese Sugar Supply and Utilization 09/10 10/11 11/12 12/13 16/17 17/18 18/19 19/20 69 70 70 70 71 71 71 71 71 Yield 59.30 59.70 60.14 60.57 (Metric Tons per Hectare) 60.99 61.41 61.82 62.24 62.67 63.11 63.53 Production 4,096 4,178 4,216 4,260 (Thousand Metric Tons) 4,305 4,348 4,383 4,413 4,439 4,462 4,481 24 24 24 24 25 25 25 25 25 Yield 53.95 53.79 53.43 52.98 (Metric Tons per Hectare) 52.48 51.97 51.45 50.93 50.42 49.92 49.40 Production 1,270 1,284 1,285 1,285 (Thousand Metric Tons) 1,285 1,284 1,280 1,274 1,268 1,260 1,251 Sugar Production Beginning Stocks Domestic Supply 939 414 1,353 960 446 1,406 971 454 1,426 983 456 1,439 995 455 1,450 1,007 455 1,461 1,017 455 1,471 1,025 455 1,480 1,033 455 1,488 1,040 456 1,496 1,046 456 1,503 Consumption Ending Stocks Domestic Use 2,220 446 2,666 2,228 454 2,682 2,222 456 2,678 2,216 455 2,672 2,210 455 2,665 2,207 455 2,661 2,204 455 2,659 2,200 455 2,656 2,196 456 2,652 2,191 456 2,648 2,186 457 2,642 -1,313 -1,276 -1,252 -1,233 -1,214 -1,200 -1,188 -1,176 -1,164 -1,152 -1,140 13/14 14/15 15/16 16/17 17/18 18/19 19/20 11 11 11 11 11 Sugar Beet Area Harvested Sugarcane Area Harvested Net Trade 13/14 14/15 15/16 (Thousand Hectares) 71 71 (Thousand Hectares) 24 25 Malaysian Sugar Supply and Utilization 09/10 10/11 11/12 12/13 11 12 12 11 64.92 65.33 65.88 66.55 (Metric Tons per Hectare) 67.26 67.98 68.69 69.41 70.14 70.87 71.58 Production 702 761 759 759 (Thousand Metric Tons) 759 758 759 762 764 766 767 Sugar Production Beginning Stocks Domestic Supply 30 71 101 33 101 134 34 118 152 35 123 158 35 125 161 36 127 163 37 129 166 38 130 168 39 131 170 40 133 172 40 134 175 1,270 101 1,371 1,381 118 1,499 1,422 123 1,545 1,469 125 1,594 1,519 127 1,646 1,567 129 1,696 1,614 130 1,744 1,661 131 1,792 1,712 133 1,844 1,762 134 1,896 1,813 136 1,949 -1,270 -1,364 -1,393 -1,436 -1,485 -1,532 -1,578 -1,624 -1,674 -1,724 -1,774 Sugarcane Area Harvested Yield Consumption Ending Stocks Domestic Use Net Trade (Thousand Hectares) 11 11 314 / World Sugar: FAPRI 2010 Agricultural Outlook Mexican Sugar Supply and Utilization 09/10 10/11 11/12 12/13 663 689 684 66.49 70.94 44,083 Sugar Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Sugarcane Area Harvested Yield Production Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 682 (Thousand Hectares) 683 686 689 692 695 698 701 72.80 73.64 (Metric Tons per Hectare) 74.09 74.37 74.59 74.80 75.02 75.22 75.42 48,876 49,802 50,239 (Thousand Metric Tons) 50,624 51,033 51,404 51,769 52,147 52,532 52,905 5,400 640 6,040 6,036 760 6,796 6,175 949 7,124 6,255 1,019 7,274 6,328 1,042 7,370 6,404 1,048 7,453 6,477 1,050 7,527 6,549 1,050 7,598 6,622 1,049 7,671 6,698 1,047 7,745 6,772 1,045 7,817 5,300 760 6,060 5,379 949 6,328 5,535 1,019 6,554 5,627 1,042 6,669 5,709 1,048 6,757 5,788 1,050 6,839 5,872 1,050 6,922 5,956 1,049 7,004 6,041 1,047 7,088 6,128 1,045 7,173 6,215 1,044 7,259 -20 468 570 605 612 614 605 594 583 571 558 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Moroccan Sugar Supply and Utilization Sugar Beet Area Harvested Yield Production Sugarcane Area Harvested Yield 09/10 10/11 11/12 12/13 58 61 61 61 50.83 2,924 13 65.85 51.20 3,142 14 67.38 51.54 3,147 14 68.32 (Thousand Hectares) 61 60 60 60 60 60 59 51.84 (Metric Tons per Hectare) 52.10 52.34 52.58 52.81 53.05 53.29 53.52 3,151 (Thousand Metric Tons) 3,152 3,153 3,158 3,168 3,175 3,179 3,181 14 (Thousand Hectares) 14 14 14 14 14 14 14 68.92 (Metric Tons per Hectare) 69.31 69.57 69.77 69.94 70.10 70.24 70.38 (Thousand Metric Tons) 964 971 979 988 997 1,004 1,011 Production 887 943 949 957 Sugar Production Beginning Stocks Domestic Supply 550 284 834 590 309 899 592 342 934 594 359 953 596 372 968 597 383 980 600 392 992 603 402 1,004 605 410 1,016 607 420 1,027 609 430 1,039 1,225 309 1,534 1,294 342 1,636 1,335 359 1,694 1,377 372 1,749 1,420 383 1,803 1,462 392 1,854 1,502 402 1,903 1,540 410 1,951 1,581 420 2,001 1,622 430 2,051 1,663 439 2,103 -700 -737 -761 -796 -835 -874 -911 -947 -985 -1,024 -1,064 Consumption Ending Stocks Domestic Use Net Trade World Sugar: FAPRI 2010 Agricultural Outlook / 315 Pakistani Sugar Supply and Utilization 09/10 10/11 11/12 12/13 16/17 17/18 18/19 19/20 4 4 4 4 3 3 3 3 3 23.18 23.15 23.14 23.17 (Metric Tons per Hectare) 23.20 23.24 23.28 23.33 23.38 23.43 23.47 82 86 84 83 (Thousand Metric Tons) 82 81 81 80 80 79 78 Sugarcane Area Harvested 1,020 1,034 1,009 1,007 (Thousand Hectares) 1,007 1,005 1,005 1,008 1,009 1,010 1,010 Yield 49.02 49.60 50.16 50.74 (Metric Tons per Hectare) 51.32 51.89 52.48 53.08 53.68 54.28 54.86 50,000 51,288 50,614 51,097 (Thousand Metric Tons) 51,655 52,153 52,770 53,480 54,171 54,799 55,410 Sugar Production Beginning Stocks Domestic Supply 3,520 550 4,070 3,621 550 4,171 3,584 690 4,273 3,628 770 4,398 3,678 826 4,504 3,724 879 4,602 3,778 926 4,704 3,839 969 4,808 3,900 1,010 4,910 3,956 1,053 5,009 4,011 1,096 5,107 Consumption Ending Stocks Domestic Use 4,250 550 4,800 4,387 690 5,077 4,475 770 5,244 4,595 826 5,421 4,751 879 5,629 4,896 926 5,821 5,037 969 6,006 5,179 1,010 6,189 5,333 1,053 6,386 5,485 1,096 6,581 5,643 1,139 6,782 -730 -905 -971 -1,023 -1,125 -1,219 -1,302 -1,380 -1,476 -1,572 -1,675 13/14 14/15 15/16 16/17 17/18 18/19 19/20 79 79 79 79 79 Sugar Beet Area Harvested Yield Production Production Net Trade 13/14 14/15 15/16 (Thousand Hectares) 4 4 Peruvian Sugar Supply and Utilization 09/10 10/11 11/12 12/13 76 79 78 79 127.89 128.68 129.04 129.36 (Metric Tons per Hectare) 129.61 129.82 130.02 130.22 130.41 130.60 130.78 Production 9,720 10,156 10,114 10,162 (Thousand Metric Tons) 10,189 10,198 10,218 10,252 10,281 10,297 10,304 Sugar Production Beginning Stocks Domestic Supply 1,100 95 1,195 1,151 60 1,211 1,149 86 1,234 1,156 92 1,248 1,161 93 1,254 1,164 94 1,258 1,169 94 1,262 1,175 94 1,268 1,180 94 1,274 1,184 94 1,278 1,187 94 1,281 Consumption Ending Stocks Domestic Use 1,180 60 1,240 1,204 86 1,290 1,228 92 1,319 1,261 93 1,354 1,298 94 1,392 1,334 94 1,428 1,369 94 1,463 1,405 94 1,498 1,444 94 1,538 1,485 94 1,579 1,528 94 1,622 -45 -78 -85 -106 -138 -170 -200 -230 -265 -301 -341 Sugarcane Area Harvested Yield Net Trade (Thousand Hectares) 79 79 316 / World Sugar: FAPRI 2010 Agricultural Outlook Philippine Sugar Supply and Utilization 09/10 10/11 11/12 12/13 390 401 394 57.44 61.95 22,400 Sugar Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Sugarcane Area Harvested Yield Production Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 392 (Thousand Hectares) 392 393 395 398 401 404 407 64.00 64.99 (Metric Tons per Hectare) 65.50 65.77 65.94 66.06 66.17 66.26 66.35 24,836 25,204 25,479 (Thousand Metric Tons) 25,680 25,836 26,030 26,278 26,534 26,773 27,011 2,200 322 2,522 2,443 212 2,655 2,483 310 2,793 2,514 341 2,855 2,538 351 2,889 2,557 355 2,912 2,580 358 2,938 2,608 359 2,968 2,638 360 2,998 2,666 361 3,027 2,693 362 3,056 2,150 212 2,362 2,214 310 2,524 2,256 341 2,596 2,299 351 2,650 2,348 355 2,703 2,394 358 2,752 2,438 359 2,797 2,481 360 2,841 2,529 361 2,890 2,576 362 2,938 2,625 364 2,989 160 131 197 205 185 161 141 126 108 89 67 14/15 Russian Sugar Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 900 986 1,011 1,028 (Thousand Hectares) 1,042 1,054 1,067 1,081 1,094 1,107 1,120 28.89 28.95 29.08 29.25 (Metric Tons per Hectare) 29.46 29.67 29.89 30.12 30.36 30.60 30.83 26,000 28,557 29,393 30,078 (Thousand Metric Tons) 30,692 31,288 31,907 32,556 33,222 33,887 34,547 Sugar Production Beginning Stocks Domestic Supply 3,350 750 4,100 3,682 450 4,132 3,793 608 4,401 3,884 670 4,555 3,967 711 4,678 4,047 749 4,796 4,130 783 4,914 4,217 815 5,033 4,307 846 5,153 4,397 878 5,275 4,486 911 5,396 Consumption Ending Stocks Domestic Use 5,850 450 6,300 5,972 608 6,580 5,984 670 6,654 6,009 711 6,720 6,046 749 6,795 6,074 783 6,858 6,096 815 6,911 6,112 846 6,958 6,137 878 7,016 6,161 911 7,072 6,186 943 7,130 -2,200 -2,447 -2,253 -2,165 -2,117 -2,062 -1,998 -1,926 -1,863 -1,797 -1,733 Sugar Beet Area Harvested Yield Production Net Trade World Sugar: FAPRI 2010 Agricultural Outlook / 317 South African Sugar Supply and Utilization 09/10 10/11 11/12 12/13 310 311 313 63.42 64.24 19,660 Sugar Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Sugarcane Area Harvested Yield Production Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 315 (Thousand Hectares) 316 317 319 320 322 323 325 64.65 64.86 (Metric Tons per Hectare) 64.98 65.02 65.05 65.06 65.04 64.99 64.95 19,981 20,212 20,404 (Thousand Metric Tons) 20,543 20,643 20,738 20,841 20,932 21,004 21,075 2,380 97 2,477 2,422 92 2,514 2,453 126 2,579 2,479 153 2,633 2,499 180 2,679 2,514 207 2,722 2,529 235 2,764 2,545 261 2,806 2,559 287 2,846 2,571 314 2,885 2,583 341 2,924 1,685 92 1,777 1,720 126 1,846 1,728 153 1,881 1,740 180 1,920 1,755 207 1,962 1,774 235 2,009 1,797 261 2,058 1,821 287 2,108 1,851 314 2,166 1,884 341 2,225 1,920 368 2,288 700 668 697 712 717 713 705 698 681 660 636 13/14 14/15 15/16 16/17 17/18 18/19 19/20 (Thousand Metric Tons) 0 0 0 177 179 181 177 179 181 0 182 182 0 184 184 0 185 185 0 187 187 South Korean Sugar Supply and Utilization Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 09/10 10/11 11/12 12/13 0 184 184 0 164 164 0 171 171 0 174 174 1,280 164 1,444 1,310 171 1,480 1,330 174 1,504 1,347 177 1,524 1,365 179 1,544 1,378 181 1,559 1,389 182 1,571 1,400 184 1,583 1,414 185 1,599 1,427 187 1,614 1,441 189 1,630 -1,260 -1,316 -1,333 -1,350 -1,367 -1,380 -1,390 -1,401 -1,415 -1,429 -1,443 318 / World Sugar: FAPRI 2010 Agricultural Outlook Thai Sugar Supply and Utilization 09/10 10/11 11/12 12/13 13/14 15/16 16/17 17/18 18/19 19/20 Sugarcane Area Harvested 1,030 1,071 1,088 1,096 (Thousand Hectares) 1,102 1,105 1,108 1,112 1,115 1,118 1,122 Yield 69.90 69.75 69.94 70.39 (Metric Tons per Hectare) 71.00 71.67 72.38 73.13 73.90 74.69 75.46 Production 72,000 74,731 76,082 77,175 (Thousand Metric Tons) 78,206 79,213 80,233 81,289 82,381 83,500 84,653 Sugar Production Beginning Stocks Domestic Supply 7,700 2,351 10,051 8,000 2,151 10,151 8,152 2,066 10,217 8,277 2,034 10,311 8,395 2,018 10,412 8,511 2,008 10,519 8,629 1,997 10,626 8,750 1,986 10,736 8,876 1,974 10,850 9,005 1,964 10,969 9,138 1,954 11,092 2,100 2,151 4,251 2,203 2,066 4,269 2,246 2,034 4,281 2,286 2,018 4,303 2,333 2,008 4,340 2,378 1,997 4,375 2,422 1,986 4,408 2,465 1,974 4,438 2,512 1,964 4,476 2,558 1,954 4,512 2,606 1,945 4,551 5,800 5,882 5,937 6,008 6,072 6,143 6,219 6,298 6,374 6,457 6,541 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Consumption Ending Stocks Domestic Use Net Trade 14/15 Turkish Sugar Supply and Utilization 09/10 10/11 11/12 12/13 325 330 327 329 (Thousand Hectares) 334 340 346 352 359 365 371 46.15 46.27 46.52 46.89 (Metric Tons per Hectare) 47.29 47.70 48.10 48.51 48.92 49.34 49.74 15,000 15,277 15,195 15,421 (Thousand Metric Tons) 15,782 16,205 16,643 17,092 17,543 17,988 18,431 Sugar Production Beginning Stocks Domestic Supply 2,100 505 2,605 2,143 600 2,743 2,135 554 2,689 2,170 546 2,716 (Thousand Metric Tons) 2,225 2,289 2,355 550 558 567 2,776 2,847 2,922 2,423 576 2,999 2,491 586 3,077 2,559 596 3,155 2,626 607 3,233 Consumption Ending Stocks Domestic Use 2,000 600 2,600 2,079 554 2,633 2,125 546 2,671 2,166 550 2,716 2,201 558 2,759 2,239 567 2,805 2,281 576 2,857 2,320 586 2,906 2,365 596 2,961 2,407 607 3,014 2,449 617 3,066 5 110 18 0 17 41 65 93 116 141 167 Sugar Beet Area Harvested Yield Production Net Trade World Sugar: FAPRI 2010 Agricultural Outlook / 319 Ukrainian Sugar Supply and Utilization 09/10 10/11 11/12 12/13 360 355 349 30.00 31.40 10,800 Sugar Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Sugar Beet Area Harvested Yield Production Net Trade 13/14 14/15 15/16 16/17 17/18 18/19 19/20 347 (Thousand Hectares) 345 343 342 342 342 343 343 32.38 33.10 (Metric Tons per Hectare) 33.69 34.20 34.66 35.10 35.53 35.96 36.38 11,156 11,293 11,478 (Thousand Metric Tons) 11,612 11,727 11,861 12,010 12,169 12,332 12,495 1,625 250 1,875 1,680 200 1,880 1,702 198 1,899 1,730 217 1,947 1,752 245 1,997 1,770 277 2,048 1,792 311 2,103 1,815 346 2,161 1,841 381 2,221 1,867 416 2,282 1,892 451 2,343 1,900 200 2,100 2,107 198 2,305 2,133 217 2,350 2,160 245 2,405 2,188 277 2,465 2,206 311 2,517 2,221 346 2,566 2,234 381 2,614 2,246 416 2,662 2,257 451 2,708 2,268 486 2,754 -225 -425 -450 -458 -468 -470 -464 -453 -440 -425 -410 13/14 14/15 15/16 16/17 17/18 18/19 19/20 Venezuelan Sugar Supply and Utilization 09/10 10/11 11/12 12/13 100 119 127 131 (Thousand Hectares) 132 133 134 134 135 136 137 Yield 70.37 70.91 71.03 71.09 (Metric Tons per Hectare) 71.15 71.23 71.33 71.44 71.55 71.66 71.76 Production 7,037 8,421 9,002 9,289 (Thousand Metric Tons) 9,418 9,475 9,529 9,607 9,691 9,769 9,840 540 193 733 647 100 747 693 157 850 716 175 891 726 188 915 732 201 933 737 213 950 744 223 967 751 234 985 758 244 1,003 765 255 1,020 1,083 100 1,183 1,125 157 1,282 1,143 175 1,318 1,166 188 1,354 1,191 201 1,392 1,214 213 1,427 1,231 223 1,454 1,247 234 1,480 1,267 244 1,511 1,288 255 1,543 1,309 266 1,575 -450 -535 -468 -463 -478 -494 -504 -513 -526 -540 -555 Sugarcane Area Harvested Sugar Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 320 / World Sugar: FAPRI 2010 Agricultural Outlook Per Capita Sugar Consumption of Selected Countries Algeria Argentina Australia Brazil Canada China Colombia Cuba Egypt European Union Guatemala India Indonesia Iran Japan Malaysia Mexico Morocco Pakistan Peru Philippines Russia South Africa South Korea Thailand Turkey Ukraine United States Venezuela 09/10 10/11 11/12 12/13 13/14 32.24 41.60 58.10 56.74 43.07 11.59 36.31 61.86 33.80 33.51 54.98 20.03 18.11 32.82 17.51 48.55 47.12 38.73 23.97 39.46 21.52 41.97 34.31 26.32 31.62 25.71 41.84 30.39 39.78 35.28 43.90 59.53 59.25 45.69 11.59 38.09 64.22 36.31 34.88 60.11 20.52 18.59 33.71 17.61 51.89 47.30 40.48 24.38 39.78 21.74 43.04 35.11 26.86 32.98 26.39 46.68 30.62 40.70 35.92 44.24 59.92 59.92 45.95 11.69 38.09 64.38 36.61 35.61 60.05 20.72 18.78 34.09 17.62 52.55 48.14 41.32 24.50 40.10 21.73 43.33 35.40 27.22 33.44 26.64 47.55 30.87 40.75 36.59 44.67 60.30 60.62 46.16 11.81 38.20 64.77 36.96 36.34 60.31 20.90 18.95 34.31 17.63 53.39 48.42 42.18 24.79 40.72 21.74 43.73 35.81 27.52 33.85 26.84 48.46 30.63 40.98 37.28 45.14 60.74 61.43 46.37 11.96 38.42 65.44 37.37 37.07 60.93 21.16 19.14 34.59 17.65 54.30 48.60 43.05 25.26 41.49 21.81 44.23 36.27 27.83 34.36 26.97 49.40 30.63 41.27 14/15 (Kilograms) 37.78 45.52 61.12 62.14 46.32 12.11 38.61 65.88 37.71 37.78 61.39 21.37 19.33 34.82 17.69 55.11 48.77 43.86 25.67 42.18 21.84 44.66 36.75 28.05 34.86 27.13 50.13 30.74 41.46 15/16 16/17 17/18 18/19 19/20 38.08 45.89 61.48 62.84 46.37 12.25 38.79 66.18 37.96 38.49 61.77 21.56 19.51 35.01 17.75 55.85 48.97 44.62 26.04 42.84 21.85 45.06 37.18 28.24 35.34 27.34 50.79 30.78 41.46 38.32 46.22 61.79 63.54 46.53 12.40 38.96 66.44 38.21 39.21 62.12 21.75 19.70 35.19 17.80 56.57 49.18 45.32 26.40 43.51 21.86 45.43 37.63 28.43 35.81 27.53 51.43 30.68 41.45 38.62 46.58 62.13 64.32 46.73 12.56 39.13 66.96 38.54 39.92 62.67 21.97 19.88 35.41 17.86 57.38 49.39 46.07 26.82 44.30 21.90 45.87 38.22 28.68 36.34 27.78 52.05 30.63 41.56 38.90 46.95 62.45 65.12 46.89 12.73 39.28 67.43 38.87 40.64 63.19 22.18 20.06 35.62 17.91 58.16 49.62 46.83 27.21 45.11 21.94 46.31 38.87 28.93 36.86 28.01 52.67 30.61 41.71 39.19 47.31 62.77 65.96 47.10 12.91 39.45 68.01 39.24 41.36 63.77 22.40 20.24 35.84 17.97 58.94 49.86 47.59 27.63 45.98 22.00 46.78 39.56 29.20 37.41 28.23 53.28 30.61 41.86 WORLD BIOFUELS 322 / World Biofuels: FAPRI 2010 Agricultural Outlook World Ethanol The world ethanol price increased 12.5% in 2008, to $1.74 per gallon. It decreased 8%, to $1.6 per gallon, in 2009 because of the 37% drop in crude oil prices coupled with an almost 60% reduction in U.S. ethanol net imports. The ethanol price increases almost 9% over the projection period, mostly because of higher ethanol demand from the U.S. brought about by the renewable fuels mandates. World net trade increased 10.8% in 2008 but declined 8.2% in 2009. As world demand for ethanol increases over the projection period, net trade is expected to rise 323.2%, reaching 4.1 billion gallons by 2019. Brazil’s ethanol production totaled almost 7 billion gallons in 2009, an increase of 0.9%. This translates into 333.3 mmt of sugarcane used in ethanol production. Production of ethanol in Brazil increases 96.8% by the end of the projection period, to 13.6 billion gallons. Sugarcane used in ethanol production increases 71.8%, reaching 572.8 mmt by 2019. Brazil’s ethanol consumption increased in 2009 by 7.7%, to 6.4 billion gallons. Its ethanol consumption is projected to increase 48.7% by 2019. Brazil’s net ethanol exports reach 4.1 billion gallons in 2019, an increase of 338.7%, partly because of the increase in U.S. ethanol import demand. Ethanol production in the EU increased almost 45% in 2008 and 14% in 2009. EU ethanol production is projected to reach 1.8 billion gallons in 2019, an increase of 127.4%. Consumption in the EU increased 10.3% in 2009, to 1.1 billion gallons. It is expected to reach 2.5 billion gallons in 2019, an increase of 129.2% over the decade. Total EU biofuels consumption reaches nearly 4% of transport fuels in 2019. EU net imports rise from 279 million gallons in 2009 to 655 million gallons by 2019 as consumption increases more than production. Chinese fuel ethanol production increased 15.3% in 2008, to 516 million gallons. Production is projected to continue to increase and reach 731.4 million gallons by 2019. Ethanol consumption in China increased from 414 billion gallons in 2007 to 448 million gallons in 2008. It increases 52.7%, to 744.9 million gallons, between 2008 and 2019. Net exports, which totaled 35 million gallons in 2008, are projected to decline over the projection period. By 2018, China switches to a net importer of ethanol, with net imports of 13.4 million gallons in 2019. In India, ethanol is produced mainly from molasses, a co-product in sugar production from sugarcane. India’s ethanol production decreased 32.6%, from 443 million gallons in 2008 to 298 million gallons in 2009, because of a decline in sugarcane production. Production rises to 634.9 million gallons in 2019, an increase of 112.9%. Consumption of ethanol in India was 473 million gallons in 2009 and is projected to increase 48.3%, to 702.1 million gallons, in 2019. India’s net imports increase from 53 million gallons in 2009 to 75.7 million gallons in 2019. Japanese net imports of ethanol declined 3.2%, from 123.6 million gallons in 2007 to 119.6 million gallons in 2008. Net imports are projected to increase 103.7%, to 243.7, by the end of the decade. Ethanol net imports in South Korea totaled 60.6 million gallons in 2005. They are projected to increase to almost 202 million gallons by 2019, an increase of 147.4% from the 2005 levels. World Biofuels: FAPRI 2010 Agricultural Outlook / 323 World Biodiesel The world price of biodiesel (Central Europe FOB) increases to $4.14 per gallon in 2010, driven by higher petroleum and vegetable oil prices. Lower exportable surpluses from Argentina as their B5 mandate is implemented and tariff barriers imposed by the EU (by far the dominant importer) on biodiesel originating from the U.S. also contribute to the price recovery. Increasing crude oil prices and the mandates in Argentina, Brazil, the EU, and the U.S. lead to price increases throughout the period. The world price reaches $5.58 per gallon by 2019. The EU is home to the world’s largest biodiesel industry and markets. Both the implementation of antidumping and countervailing duties by the EU and the domestic consumption mandates boost demand for domestically produced biodiesel. In response to these stimuli, the local industry increases production by 5% in 2010, on top of the 36% expansion observed in the previous season. Production continues its expansion and reaches 3.5 billion gallons by 2019. Pushed by the biofuels target, consumption continues to grow during the outlook period, reaching 4.0 billion gallons in 2019. The biodiesel share of diesel in transport is, however, still only about 5.8%. Net imports grow steadily over the outlook period and reach 559 million gallons by 2019. An export-oriented Argentine industry rapidly increased biodiesel production and exports from marginal production levels in 2006 to over 300 million gallons in 2009. This production continues its expansion path and reaches 464 million gallons by 2019. Implementation of the domestic B5 mandate in 2010, however, reduces the country’s exportable surplus by 36% year on year. The ensuing growth in domestic consumption keeps net exports from expanding beyond 270 million gallons over the next decade. Unlike in Argentina, most of the biodiesel production in Brazil has been motivated by domestic consumption mandates. This is expected to continue over the outlook period, and net exports remain at modest levels, not exceeding 80 million gallons. Consumption jumps in 2008, 2009, and 2010 because of the mandate (B2.5 by 2008, B3 and B4 by 2009, and B5 by 2010) and is expected to reach about 700 million gallons by 2019. While Brazil is striving to produce biodiesel from alternative vegetable oils, it is expected that soybean oil will remain the dominant feedstock. The combined biodiesel production in Indonesia and Malaysia is expected to increase from about 100 million gallons in 2009 to 182 million gallons in 2019. Domestic production growth is constrained by rising palm oil prices and repeated delays in the implementation of and changes in the domestic consumption mandates in these countries. Given the uncertainty generated by these changes, no domestic consumption mandate was included in the present outlook. 324 / World Biofuels: FAPRI 2010 Agricultural Outlook Ethanol Trade Net Exporters Brazil China Total Net Exports * Net Importers Canada European Union India Japan South Korea United States ROW Total Net Imports * Prices Anhydrous Ethanol Price, Brazil † Ethanol, FOB Omaha 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 945 35 1,124 37 1,324 23 1,430 23 (Million Gallons) 1,553 1,736 2,089 17 11 7 2,599 6 3,118 0 3,660 -5 4,148 -13 980 1,161 1,348 1,453 1,571 1,748 2,096 2,605 3,118 3,660 4,148 171 279 53 137 85 180 75 194 315 91 149 100 226 85 220 373 89 162 116 291 97 236 407 89 172 127 317 107 253 457 88 183 138 333 118 266 491 87 194 149 432 128 277 517 86 204 160 715 139 281 546 80 213 170 1,168 149 290 581 78 223 180 1,606 159 297 613 75 233 191 2,077 170 308 655 76 244 202 2,470 180 980 1,161 1,348 1,453 1,571 1,748 2,096 2,605 3,118 3,660 4,148 1.60 1.79 1.61 1.74 1.46 1.77 1.53 1.78 (U.S. Dollars per Gallon) 1.52 1.54 1.57 1.79 1.83 1.89 1.67 1.92 1.69 1.92 1.74 1.93 1.74 1.93 2015 2016 2017 2018 2019 Note: 1 gallon = 3.7857 liters; 1 metric ton = 1237.1644 liters. * Total net exports are the sum of all positive net exports. † Represents world ethanol price. Biodiesel Trade Net Exporters Argentina Brazil Indonesia Malaysia United States Total Net Exports * Net Importers European Union Japan ROW Total Net Imports * Prices Central Europe FOB Price † Biodiesel Plant 2009 2010 2011 2012 331 -1 21 58 157 216 -13 20 74 24 247 23 22 85 5 263 48 24 91 2 (Million Gallons) 271 274 63 72 26 28 95 97 12 20 274 76 32 98 21 272 75 36 98 25 270 72 41 99 49 268 66 48 99 83 265 58 58 99 122 566 335 382 428 467 491 500 507 531 564 602 375 17 174 269 17 35 333 15 34 380 15 34 419 15 33 443 15 33 452 15 33 460 15 32 485 15 31 519 14 30 559 13 30 566 335 382 428 467 491 500 507 531 564 602 3.89 3.50 4.14 3.67 4.40 3.75 4.61 3.94 (U.S. Dollars per Gallon) 4.75 4.74 4.83 3.99 4.01 4.10 4.98 4.22 5.18 4.32 5.39 4.41 5.58 4.41 Note: 1 gallon = 3.7857 liters; 1 metric ton = 1136.36 liters. * Total net exports are the sum of all positive net exports. † Represents world biodiesel price. 2013 2014 World Biofuels: FAPRI 2010 Agricultural Outlook / 325 U.S. Biofuels Production and Consumption 2009 2010 2011 2012 Ethanol Production Consumption Net Trade 10,699 10,888 -180 12,304 12,407 -226 13,295 13,525 -291 13,648 13,945 -317 Feedstock in Ethanol Production Corn Corn Stover Switchgrass 2013 2014 2015 2016 2017 2018 2019 (Million Gallons) 14,042 14,627 15,293 14,355 15,030 15,974 -333 -432 -715 15,827 16,966 -1,168 16,274 17,855 -1,606 16,763 18,813 -2,077 17,307 19,749 -2,470 (Thousand Metric Tons) 98,283 111,773 119,932 121,954 124,249 128,149 132,603 135,782 138,144 3 37 142 265 305 301 299 296 293 0 0 0 0 0 0 0 0 0 140,451 458 312 141,832 1,401 1,566 Biodiesel Production Consumption Net Trade 578 401 157 715 660 24 846 807 5 962 945 2 1,018 1,000 12 1,025 1,002 20 1,058 1,027 21 1,149 1,119 25 1,238 1,203 49 1,292 1,242 83 1,324 1,245 122 Feedstock in Biodiesel Production Soybean Oil Canola Oil 913 20 1,143 20 1,461 19 1,687 22 1,763 22 1,761 22 1,915 23 2,147 24 2,286 23 2,383 22 2,444 22 2014 2015 2016 2017 2018 2019 459 185 274 461 189 272 462 192 270 463 196 268 464 199 265 (Thousand Metric Tons) 1,498 1,513 1,519 1,520 1,519 1,516 1,513 Argentine Biofuels Production and Consumption Biodiesel Production Consumption Net Trade Feedstock in Biodiesel Production Soybean Oil 2009 2010 2011 2012 326 5 331 384 168 216 418 171 247 438 175 263 1,102 1,296 1,406 1,466 2013 (Million Gallons) 449 455 178 182 271 274 Brazilian Biofuels Production and Consumption Ethanol Production Consumption Net Trade Feedstock in Ethanol Production Sugarcane Biodiesel Production Consumption Net Trade Feedstock in Biodiesel Production Soybean Oil 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 6,915 6,365 945 7,886 6,646 1,124 8,429 7,015 1,324 8,785 7,389 1,430 (Million Gallons) 9,287 9,811 10,442 7,739 8,079 8,362 1,553 1,736 2,089 11,196 8,608 2,599 11,988 8,877 3,118 12,805 9,151 3,660 13,608 9,461 4,148 (Thousand Metric Tons) 333,336 370,306 387,963 399,781 417,951 436,649 459,526 487,221 515,928 544,998 572,815 406 396 -1 571 585 -13 620 597 23 656 608 48 1,204 1,685 1,813 1,905 2014 (Million Gallons) 684 706 621 633 63 72 722 646 76 734 659 75 744 672 72 751 685 66 757 699 58 (Thousand Metric Tons) 1,972 2,018 2,049 2,068 2,078 2,083 2,082 326 / World Biofuels: FAPRI 2010 Agricultural Outlook Canadian Biofuels Production and Consumption Ethanol Production Consumption Net Trade Feedstock in Ethanol Production Wheat Corn 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 279 450 -171 302 496 -194 310 530 -220 323 558 -236 (Million Gallons) 336 351 589 617 -253 -266 366 643 -277 388 669 -281 410 700 -290 433 730 -297 455 763 -308 868 2,017 935 2,177 955 2,230 989 2,315 (Thousand Metric Tons) 1,025 1,065 1,106 2,406 2,504 2,607 1,165 2,753 1,224 2,900 1,286 3,052 1,345 3,200 2015 2016 2017 2018 2019 649 642 7 671 665 6 691 691 0 712 717 -5 731 745 -13 (Thousand Metric Tons) 1,813 1,858 1,906 4,359 4,478 4,603 1,960 4,745 2,008 4,873 2,058 5,006 2,105 5,131 Chinese Biofuels Production and Consumption Ethanol Production Consumption Net Trade Feedstock in Ethanol Production Wheat Corn 2009 2010 2011 2012 542 508 35 563 526 37 575 551 23 594 571 23 1,643 3,911 1,695 4,046 1,723 4,122 1,770 4,246 2013 2014 (Million Gallons) 611 630 594 618 17 11 European Union Biofuels Production and Consumption 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Ethanol Production Consumption Net Trade 803 1,082 -279 990 1,304 -315 1,073 1,446 -373 1,171 1,577 -407 (Million Gallons) 1,256 1,351 1,450 1,713 1,842 1,967 -457 -491 -517 1,546 2,092 -546 1,641 2,222 -581 1,737 2,350 -613 1,826 2,481 -655 Feedstock in Ethanol Production Wheat Corn Barley Sugar Beet Other 3,900 1,800 500 9,240 261 4,864 2,440 749 11,963 261 5,305 2,598 796 12,891 261 5,826 2,810 856 13,820 261 (Thousand Metric Tons) 6,197 6,647 7,108 2,994 3,188 3,420 916 983 1,047 14,896 15,962 17,002 261 261 261 7,487 3,659 1,108 18,170 261 7,962 3,853 1,161 19,082 261 8,414 4,056 1,223 20,045 261 8,736 4,229 1,296 21,265 261 Biodiesel Production Consumption Net Trade 2,477 2,867 -375 2,612 2,883 -269 2,840 3,175 -333 2,888 3,270 -380 (Million Gallons) 2,940 3,002 3,082 3,361 3,447 3,536 -419 -443 -452 3,151 3,612 -460 3,265 3,752 -485 3,371 3,892 -519 3,471 4,032 -559 Feedstock in Biodiesel Production Rapeseed Oil Soybean Oil Sunflower Oil 5,994 1,070 311 6,478 1,044 326 7,074 1,138 354 7,227 1,150 361 (Thousand Metric Tons) 7,394 7,640 7,857 1,170 1,194 1,223 367 375 385 8,036 1,249 393 8,323 1,293 409 8,593 1,333 424 8,853 1,370 438 2015 2016 2017 2018 2019 542 618 -86 568 637 -80 590 659 -78 614 679 -75 635 702 -76 Indian Biofuels Production and Consumption Ethanol Production Consumption Net Trade 2009 2010 2011 2012 298 473 -53 419 505 -91 450 537 -89 476 556 -89 2013 2014 (Million Gallons) 497 519 577 598 -88 -87 World Biofuels: FAPRI 2010 Agricultural Outlook / 327 Indonesian Biofuels Production and Consumption 2009 2010 2011 2012 Biodiesel Production Consumption Net Trade 24 3 21 25 5 20 26 4 22 28 4 24 Feedstock in Biodiesel Production Palm Oil 84 87 92 98 2013 2014 2015 2016 2017 2018 2019 36 4 32 40 4 36 46 4 41 53 5 48 62 5 58 (Thousand Metric Tons) 105 114 126 140 159 184 217 2015 2016 2017 2018 2019 -204 -213 -223 -233 -244 -15 -15 -15 -14 -13 2015 2016 2017 2018 2019 -160 -170 -180 -191 -202 2015 2016 2017 2018 2019 117 19 98 118 20 98 119 20 99 119 20 99 119 20 99 (Thousand Metric Tons) 397 405 409 412 414 416 417 2015 2016 2017 2018 2019 -139 -149 -159 -170 -180 -33 -32 -31 -30 -30 (Million Gallons) 30 33 4 4 26 28 Japanese Biofuels Production and Consumption 2009 2010 2011 2012 2013 Ethanol Net Trade -137 -149 -162 -172 (Million Gallons) -183 -194 Biodiesel Net Trade -17 -17 -15 -15 -15 2014 -15 South Korean Biofuels Production and Consumption Ethanol Net Trade 2009 2010 2011 2012 2013 2014 -85 -100 -116 -127 (Million Gallons) -138 -149 Malaysian Biofuels Production and Consumption Biodiesel Production Consumption Net Trade Feedstock in Biodiesel Production Palm Oil 2009 2010 2011 2012 76 18 58 92 18 74 103 18 85 109 18 91 265 322 359 382 2013 2014 (Million Gallons) 114 116 18 19 95 97 Rest-of-World Biofuels Production and Consumption 2009 2010 2011 2012 2013 Ethanol Net Trade -75 -85 -97 -107 (Million Gallons) -118 -128 Biodiesel Net Trade -174 -35 -34 -34 -33 2014 -33 WORLD MEAT 330 / World Meat: FAPRI 2010 Agricultural Outlook World Beef and Veal World beef trade recovers and is projected to continue to grow by an average rate of 3.1% throughout the decade, ending at 6.7 mmt in 2019. Responding to the recovery in trade and the growth of the world price, beef production increases at an annual rate of 1.1% (0.6 mmt) in the next decade, reaching 58.9 mmt in 2019. Australia loses 1.1 percentage points of market share. Brazil keeps the leading beef exporter position and further expands its market share by 6.4 points by 2019. Argentina loses 3.0 points of market share as it favors domestic use over exports, and India loses 0.4 points. Canada loses 2.0 percentage points of market share in beef trade, while New Zealand gains 0.5 points. China becomes a net importer over the projection period. Export restrictions and depressed returns as well as a two-year drought lead to a smaller cattle herd and cause lower beef production in Argentina. But easing of export controls and rising cattle numbers coupled with currency depreciation throughout the next decade allow Argentina to expand its net exports in the outer years, with exports reaching 530 tmt in 2019. Because of volume restrictions imposed by the EU and higher prices in some destinations, Brazil’s beef exports decreased 10% in 2009. A rebound in economic growth and an expanding cattle herd allow recovery of 6% annually in the next decade, with exports reaching 2.75 mmt in 2019. Improvement in productivity, favorable domestic policies, aggressive promotion, and a weakening currency enhance Brazil’s competitiveness. With slightly lower production and reduced export market demand, Australian net beef exports decline a little in the short run. Over the rest of the period, Australia posts a 1.6% annual growth rate in its net exports. Exports of live animals grow by 4.3% annually, reaching 1.30 million head in 2019. New Zealand benefited from the compromised SPS status of other beef exporters and a weakening currency as well as from growth in its dairy sector. Despite a decrease in 2010 because of lower production, exports continue to grow over the rest of the decade at 3.0% annually, reaching 666 tmt in 2019. Uncertainty over COOL results in weaker Canadian cattle exports despite restoration of live cattle trade with the U.S. After a drop of 30% in 2009, exports slowly recover, ending at 1.20 million head in 2019. Meat trade is weak in the short to medium term. Beef net exports begin to increase in 2014 but reach only 221 tmt in 2019. China has always exported beef in the past, although the volume has been small and declining. In the long run, however, because of economic growth and its accession to the WTO, China becomes a beef importer, with net imports reaching 36 tmt in 2019. Domestic production, restricted by poor genetics and limited good pastureland, is projected to grow 2.4% annually. EU beef consumption dropped 0.5% in 2009 and will continue to revert to its long-term declining trend. With maximum decoupling of support in the beef sector, which began in 2007, and shrinking dairy animal numbers, beef production in the EU declines over the projection period. The EU was already a small net importer beginning in 2003 and continues in this position for the rest of the decade, importing 408 tmt in 2019. Japan’s beef imports are significantly reduced because of the higher world price, weak domestic economic conditions, and a crisis in consumer confidence. A 0.5% decline in production and a 1.4% growth in consumption fuel expansion of net imports. Imports grow at 2.0% and reach 803 tmt in 2019. World Meat: FAPRI 2010 Agricultural Outlook / 331 Beef and Veal Trade Net Exporters Argentina Australia Brazil Canada China - Mainland European Union India New Zealand Thailand Ukraine United States Total Net Exports * Net Importers China - Hong Kong Egypt Indonesia Japan Mexico Other CIS † Other Eastern Europe ‡ Paraguay Philippines Russia South Africa South Korea Taiwan Vietnam Rest of World Total Net Imports Nebraska Direct Fed Steer Price 2009 2010 2011 2012 558 1,383 1,700 205 13 -310 675 514 -1 -8 -382 487 1,353 1,988 186 25 -367 739 496 -6 -11 -366 467 1,399 2,012 175 22 -358 756 531 -3 -22 -347 5,088 5,302 145 138 13 672 255 -39 8 -2 108 688 2 290 110 0 1,958 2013 2014 2015 2016 2017 2018 2019 441 1,415 2,168 157 15 -360 765 547 -2 -33 -327 (Thousand Metric Tons) 415 406 409 1,445 1,482 1,516 2,352 2,494 2,624 155 166 184 5 -4 -11 -364 -363 -373 764 760 753 570 594 613 -1 -2 -4 -34 -29 -26 -351 -378 -374 422 1,546 2,704 193 -17 -383 750 629 -7 -23 -327 449 1,570 2,745 200 -23 -392 752 644 -10 -19 -280 487 1,589 2,754 213 -29 -400 758 656 -13 -15 -244 530 1,601 2,747 221 -36 -408 765 666 -15 -10 -204 5,390 5,552 5,763 5,969 6,176 6,333 6,460 6,570 6,659 147 121 26 674 301 -27 7 0 115 738 9 271 113 12 2,018 149 105 27 690 350 -25 4 -4 119 759 6 259 117 12 2,063 152 92 37 719 406 -28 2 -15 127 792 8 255 120 14 2,104 155 87 50 752 459 -29 2 -27 137 813 18 255 124 16 2,146 158 95 60 764 501 -30 1 -38 146 816 32 260 128 20 2,214 161 110 75 780 539 -29 1 -48 157 828 55 271 132 25 2,256 164 123 90 788 573 -31 3 -58 168 838 76 285 137 30 2,299 167 137 105 794 611 -33 6 -67 179 838 97 304 141 36 2,322 171 150 118 799 653 -37 8 -76 191 833 121 325 145 41 2,314 174 164 132 803 697 -44 11 -85 203 829 151 349 150 46 2,277 5,088 5,302 5,390 5,552 5,763 5,969 6,176 6,333 6,460 6,570 6,659 1,823 1,936 2,107 2,229 (U.S. Dollars per Metric Ton) 2,258 2,261 2,246 2,232 2,223 2,222 2,219 * Total net exports are the sum of all positive net exports and negative net imports. † Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova Republic, Tajikistan, Turkmenistan, Uzbekistan. ‡ Countries included: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Yugoslavia. 332 / World Meat: FAPRI 2010 Agricultural Outlook World Pork Recovering from a 12% drop in 2009, pork trade grows by 2.8% (122 tmt) annually in the next decade, reaching 5.52 mmt in 2019. Pork production increases in the next decade at a rate of 1.9% (1.85 mmt), reaching 115.46 mmt in 2019. The EU loses 7.0 percentage points of market share, dropping from 30.3% to 23.3%. Also, the long-term competitiveness of the EU is not very promising, given its appreciating currency and strict animal welfare and environmental regulations. Canada’s market share decreases by 6.4 percentage points, while the U.S. gains 13.2 percentage points. Despite SPS challenges, Brazil’s long-term prospects are good, with new investments to improve infrastructure and raise productivity. Brazil’s market share grows by 4.4 percentage points. Hog inventory in Canada has declined since 2006. It begins to grow in 2011. A shrinking herd and lower industry returns cause lower production in the short run. Canada’s exports of live hogs to the U.S. decline at 0.8%, reaching 5.93 million head in 2019, partly because of uncertainty about COOL. Pork net exports decline in the short run and stay at around 0.9 mmt over the baseline. Brazil’s pork exports grow by 9.0% annually, reaching 1.1 mmt in 2019. Improvement in productivity, favorable domestic policies, and a weakening currency improve Brazil’s competitiveness in the world pork market. Stimulated by increased export refunds, the EU’s net exports jumped by 17.9% in 2008, but they decline after that and end at 1.2 mmt in 2019. Strict environmental regulations and animal welfare requirements limit the EU’s long-term capability. Production is stable over the projection period, compared to the 0.2% growth in consumption. Taiwan’s pork production declined 11.7% between 1997 and 2008. Constrained by environmental pressures and high feed costs, production increases at 0.5%, which boosts net imports by 16% per year over the next decade. Recovery in the beef and poultry sectors impacts Japan’s pork sector. Consumption increases slightly, at 0.5%, over the next decade, and production also increases, at 1.1%. As a result, net imports decline in the short run but turn around in 2013 and reach 1.2 mmt in 2019. Consumption recovery boosted China’s net imports in 2008, with domestic production and consumption increasing 4% and 5%, respectively. Over the next decade, production grows at 2.8%, falling slightly short of the 3.0% growth in consumption. China’s exports have continued to decline, and the country becomes a net importer in 2014, as growth in imports exceeds growth in exports. Net imports expand to 138 tmt in 2019. World Meat: FAPRI 2010 Agricultural Outlook / 333 Pork Trade Net Exporters Australia Brazil Canada European Union Other CIS * Thailand United States Total Net Exports † Net Importers Argentina China - Hong Kong China - Mainland Indonesia Japan Mexico New Zealand Other Eastern Europe ‡ Paraguay Philippines Russia South Korea Taiwan Ukraine Vietnam Rest of World Total Net Imports Barrow and Gilt Price, National Base 51-52% Lean Equivalent 2009 2010 2011 2012 -125 560 960 1,200 -6 0 1,501 -126 652 862 1,153 -10 1 1,618 -111 795 896 851 -24 6 1,655 4,301 4,409 28 345 -80 0 1,210 514 2 11 0 42 749 355 58 240 44 572 2013 2014 2015 2016 2017 2018 2019 -103 830 925 807 -27 13 1,716 (Thousand Metric Tons) -92 -86 -79 834 860 887 932 916 893 917 1,055 1,144 -23 -17 -10 23 26 30 1,796 1,911 2,020 -73 907 858 1,250 -2 36 2,110 -69 957 829 1,282 7 41 2,184 -66 1,010 831 1,267 17 43 2,235 -64 1,071 844 1,220 24 46 2,278 4,335 4,393 4,543 4,788 4,998 5,186 5,328 5,436 5,523 31 349 -120 0 1,179 534 5 13 -4 54 759 477 57 247 51 516 38 350 -122 0 1,103 523 6 12 -9 53 794 531 57 233 64 436 44 355 -87 0 1,084 534 7 11 -14 70 743 584 68 223 95 446 49 365 -22 0 1,107 578 8 9 -18 92 689 650 89 221 115 456 55 374 29 0 1,131 634 8 8 -20 126 665 709 110 228 143 466 60 381 67 0 1,163 698 8 6 -23 158 614 762 129 226 159 476 65 387 97 0 1,190 767 8 6 -25 192 559 809 149 221 172 486 71 391 115 0 1,196 822 8 7 -29 231 522 833 156 221 190 496 77 393 127 0 1,192 867 9 8 -34 274 487 842 158 220 211 506 83 396 138 0 1,184 905 9 10 -39 319 451 842 159 217 231 516 4,301 4,409 4,335 4,393 4,543 4,788 4,998 5,186 5,328 5,436 5,523 909 1,056 1,185 1,233 (U.S. Dollars per Metric Ton) 1,178 1,135 1,108 1,093 1,113 1,152 1,189 * Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova Republic, Tajikistan, Turkmenistan, Uzbekistan. † Total net exports are the sum of all positive net exports and negative net imports. ‡ Countries included: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Yugoslavia. 334 / World Meat: FAPRI 2010 Agricultural Outlook World Poultry A lower TRQ in Russia reduces broiler trade in the short run, but trade recovers and grows at a rate of 1.3% annually. Total broiler production increases by 0.97 mmt, reaching 8.29 mmt in 2019. The U.S. maintains its market share. The EU remains a net importer. Brazil loses 5.1 points of market share. After losing 59.4% of its exports because of AI, Thailand regains 2.6 points of market share in the next decade. Productivity improvements, product innovation, and a shift to higher-valued products enable Thailand to overcome SPS concerns and its higher cost of production. Australia gains 1.2 points of market share. Over the rest of the decade, Brazil’s net exports stay at around 3.6 mmt. Fiscal incentives and subsidies from local government continue to encourage large new investments in broiler production. In 2009, Thailand’s broiler sector began to recover from the AI crisis that caused a major export drop beginning in 2004. Recovery is helped by a new TRQ from the EU, expansion of integrated producers, productivity improvements (low feed conversion ratios), reduced processing costs, investment in production innovation, and a shift to higher-valued cooked products. Thailand’s net exports increase by 6.5% annually, reaching 635 tmt in 2019. The EU changed from a net exporter to a net importer in 2007 and it continues in this position. Its net poultry imports reach 29 tmt in 2019. Under NAFTA, Mexico removed the global TRQ and its prohibitive out-quota rates. A safeguard agreement was reached with the U.S., whereby a TRQ for chicken leg quarters is imposed. The product is duty free, but out-quota is charged a 98.8% duty. The TRQ was removed in 2008. Strong domestic demand drives net imports to grow 2.0% annually and reach 577 tmt in 2019. With its WTO accession, Taiwan removed its quota and replaced it with a “tariff-only regime” in 2005. As a result, imports are projected to increase 7.3% annually. They reach 116 tmt in 2019. A shift to differentiated local breeds sustains domestic production at a growth rate of 1.5% per year. Russia imposes a lower TRQ of 0.78 mmt over the next decade. Over the outlook period, quota for imports is binding, as domestic production is encouraged and grows by 3.0%, exceeding the 1.7% growth in consumption. In the next decade, China’s net imports grow rapidly, reaching 418 tmt in 2019. World Meat: FAPRI 2010 Agricultural Outlook / 335 Broiler Meat Trade 2009 2010 2011 2012 34 3,657 10 385 3,048 53 3,706 -19 464 2,778 95 3,636 -23 466 2,834 7,326 7,211 -169 -17 120 250 6 -1 10 695 480 -4 208 32 0 50 853 615 204 52 67 192 190 3,302 Total Net Imports U.S. 12-City Price Net Exporters Australia Brazil European Union Thailand United States Total Net Exports * Net Importers Argentina Canada China - Mainland China - Hong Kong Egypt India Indonesia Japan Mexico New Zealand Other CIS † Other Eastern Europe ‡ Paraguay Philippines Russia Saudi Arabia South Africa South Korea Taiwan Ukraine Vietnam Rest of World 2013 2014 2015 2016 2017 2018 2019 107 3,605 -29 480 2,913 (Thousand Metric Tons) 113 118 121 3,602 3,587 3,575 -29 -21 -21 504 527 549 2,982 3,053 3,131 123 3,556 -23 569 3,229 125 3,577 -25 590 3,332 128 3,578 -26 613 3,442 131 3,579 -29 635 3,536 7,268 7,358 7,474 7,585 7,702 7,819 7,984 8,148 8,292 -193 -10 101 251 8 -1 20 685 467 -7 206 36 2 37 779 618 216 50 80 134 175 3,328 -203 -16 128 253 11 -1 2 659 463 -16 208 35 4 29 779 627 193 59 88 119 171 3,414 -209 -17 162 256 15 -1 -8 664 451 -19 206 35 1 37 779 647 188 65 94 117 176 3,436 -210 -19 204 258 19 -1 -20 679 439 -20 204 35 -2 49 779 660 187 65 97 125 181 3,463 -216 -23 246 261 25 -1 -34 683 438 -21 203 34 -5 64 779 670 188 64 101 133 186 3,491 -223 -28 282 263 32 -1 -45 690 442 -22 200 34 -8 81 779 681 196 64 103 142 192 3,503 -227 -27 318 265 40 -1 -53 698 462 -23 196 35 -11 99 779 694 205 63 107 149 198 3,490 -234 -26 352 267 50 -1 -62 703 495 -23 191 37 -14 118 779 703 215 65 110 154 204 3,517 -246 -26 385 270 62 -1 -74 707 535 -24 185 39 -16 138 779 711 228 66 113 151 210 3,544 -255 -25 418 272 76 -1 -86 712 577 -24 165 42 -19 160 779 720 244 69 116 147 216 3,552 7,326 7,211 7,268 7,358 7,474 7,585 7,702 7,819 7,984 8,148 8,292 1,711 1,717 1,770 1,823 (U.S. Dollars per Metric Ton) 1,850 1,878 1,910 1,939 1,964 1,994 2,018 * Total net exports are the sum of all positive net exports and negative net imports. † Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova Republic, Tajikistan, Turkmenistan, Uzbekistan. ‡ Countries included: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Yugoslavia. 336 / World Meat: FAPRI 2010 Agricultural Outlook U.S. Meat Supply and Utilization 2009 2010 2011 2012 2013 94.5 61.1 93.5 60.0 92.7 59.1 91.8 59.0 (Million Head) 91.3 91.3 59.9 61.4 60 2,006 72 2,159 76 2,226 22 6,350 59 5,948 Beef Production Beginning Stocks Domestic Supply 11,819 291 12,110 Consumption Ending Stocks Domestic Use Cattle Inventories (Beg.) Hog Inventories (Beg.) Live Cattle Trade Export Import Live Hog Trade Export Import Net Trade Pork Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2014 2015 2016 2017 2018 2019 91.7 62.7 92.2 63.6 92.7 63.9 93.0 63.9 93.3 63.8 83 2,262 (Thousand Head) 92 106 128 2,279 2,298 2,327 134 2,324 137 2,306 139 2,302 142 2,296 61 6,018 60 5,958 59 5,995 55 6,070 56 6,031 59 5,969 61 5,957 63 5,933 11,607 252 11,859 11,564 213 11,777 11,475 228 11,703 (Thousand Metric Tons) 11,440 11,419 11,571 232 241 247 11,672 11,659 11,818 11,791 257 12,048 11,998 268 12,267 12,180 280 12,459 12,346 289 12,635 12,240 252 12,492 12,012 213 12,225 11,896 228 12,124 11,798 232 12,031 11,782 241 12,023 11,790 247 12,037 11,934 257 12,191 12,107 268 12,376 12,267 280 12,547 12,413 289 12,703 12,542 297 12,840 -382 -366 -347 -327 -351 -378 -374 -327 -280 -244 -204 10,443 288 10,731 10,296 261 10,556 10,269 255 10,524 10,398 252 10,649 10,672 254 10,927 10,997 264 11,261 11,268 276 11,543 11,445 286 11,731 11,546 292 11,839 11,616 295 11,911 11,705 297 12,002 8,968 261 9,229 8,683 255 8,938 8,618 252 8,870 8,679 254 8,933 8,866 264 9,130 9,075 276 9,351 9,237 286 9,523 9,329 292 9,621 9,359 295 9,654 9,379 297 9,676 9,425 299 9,724 57 6,008 1,501 1,618 1,655 1,716 1,796 1,911 2,020 2,110 2,184 2,235 2,278 Broiler Production Beginning Stocks Domestic Supply 15,945 338 16,283 16,172 290 16,462 16,510 312 16,822 16,844 321 17,166 17,173 329 17,503 17,489 339 17,828 17,810 343 18,153 18,147 347 18,494 18,497 352 18,848 18,858 356 19,214 19,231 361 19,592 Consumption Ending Stocks Domestic Use 12,945 290 13,235 13,373 312 13,685 13,666 321 13,988 13,923 329 14,253 14,182 339 14,521 14,432 343 14,775 14,675 347 15,023 14,913 352 15,265 15,160 356 15,516 15,411 361 15,772 15,690 366 16,056 3,048 2,778 2,834 2,913 2,982 3,053 3,131 3,229 3,332 3,442 3,536 Turkey Production Beginning Stocks Domestic Supply 2,528 180 2,707 2,534 118 2,652 2,593 129 2,722 2,664 130 2,794 2,729 131 2,859 2,780 133 2,913 2,820 135 2,955 2,850 136 2,986 2,871 138 3,009 2,888 138 3,027 2,904 139 3,042 Consumption Ending Stocks Domestic Use 2,353 118 2,471 2,281 129 2,410 2,337 130 2,466 2,396 131 2,527 2,453 133 2,587 2,499 135 2,634 2,532 136 2,669 2,553 138 2,691 2,567 138 2,705 2,574 139 2,713 2,581 139 2,720 237 242 255 267 273 279 286 295 304 314 322 (U.S. Dollars per Metric Ton) 2,258 2,261 2,246 2,232 2,223 2,222 2,219 1,108 1,910 1,093 1,939 1,113 1,964 1,152 1,994 1,189 2,018 (U.S. Dollars per Kilogram) 11.33 11.44 11.43 7.40 7.36 7.32 4.40 4.49 4.57 3.38 3.43 3.47 11.39 7.30 4.64 3.51 11.38 7.47 4.70 3.53 11.37 7.71 4.77 3.57 11.37 7.99 4.82 3.60 Net Trade Net Trade Producer Prices Nebraska Direct Fed Steers Barrow and Gilt Price, National Base 51-52% Lean Equivalent 12-City Broiler Wholesale Retail Prices Beef Pork Broiler Turkey 1,823 1,936 2,107 2,229 909 1,711 1,056 1,717 1,185 1,770 1,233 1,823 9.39 6.44 3.92 3.08 9.82 6.73 4.01 3.22 10.43 7.13 4.15 3.28 11.00 7.41 4.30 3.33 1,178 1,850 1,135 1,878 World Meat: FAPRI 2010 Agricultural Outlook / 337 Argentine Meat Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 54.3 2.4 50.2 2.4 49.1 2.4 48.3 2.5 (Million Head) 47.9 47.8 2.5 2.5 48.0 2.5 48.4 2.5 48.8 2.5 49.4 2.5 50.1 2.6 Beef Production Beginning Stocks Domestic Supply 3,200 0 3,200 3,011 0 3,011 2,990 0 2,990 2,979 0 2,979 (Thousand Metric Tons) 2,979 2,998 3,030 0 0 0 2,979 2,998 3,030 3,073 0 3,073 3,127 0 3,127 3,189 0 3,189 3,256 0 3,256 Consumption Ending Stocks Domestic Use 2,642 0 2,642 2,523 0 2,523 2,523 0 2,523 2,538 0 2,538 2,564 0 2,564 2,591 0 2,591 2,621 0 2,621 2,651 0 2,651 2,679 0 2,679 2,702 0 2,702 2,726 0 2,726 558 487 467 441 415 406 409 422 449 487 530 Pork Production Beginning Stocks Domestic Supply 225 0 225 227 0 227 228 0 228 230 0 230 231 0 231 232 0 232 234 0 234 235 0 235 237 0 237 238 0 238 239 0 239 Consumption Ending Stocks Domestic Use 253 0 253 258 0 258 266 0 266 273 0 273 280 0 280 287 0 287 294 0 294 300 0 300 307 0 307 315 0 315 322 0 322 -28 -31 -38 -44 -49 -55 -60 -65 -71 -77 -83 Broiler Production Beginning Stocks Domestic Supply 1,500 0 1,500 1,542 0 1,542 1,581 0 1,581 1,619 0 1,619 1,653 0 1,653 1,688 0 1,688 1,724 0 1,724 1,758 0 1,758 1,795 0 1,795 1,834 0 1,834 1,872 0 1,872 Consumption Ending Stocks Domestic Use 1,331 0 1,331 1,350 0 1,350 1,378 0 1,378 1,411 0 1,411 1,443 0 1,443 1,472 0 1,472 1,501 0 1,501 1,531 0 1,531 1,561 0 1,561 1,588 0 1,588 1,617 0 1,617 Net Trade 169 193 203 209 210 216 223 227 234 246 255 Prices Beef - Farm Pork - Farm Broiler - Retail 3.17 2.90 5.55 3.54 3.09 6.02 3.98 3.31 6.59 4.32 3.54 7.07 (Argentine Pesos per Kilogram) 4.50 4.66 4.79 3.72 3.85 4.03 7.43 7.82 8.25 4.91 4.22 8.65 5.06 4.40 9.10 5.26 4.59 9.65 5.45 4.78 10.16 Cattle Inventories (Beg.) Hog Inventories (Beg.) Net Trade Net Trade 2014 338 / World Meat: FAPRI 2010 Agricultural Outlook Australian Meat Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Cattle Inventories (Beg.) Hog Inventories (Beg.) Sheep Inventories (Beg.) 27.3 2.2 75.1 27.4 2.2 62.2 27.7 2.3 52.3 27.9 2.2 43.5 (Million Head) 28.2 28.7 2.3 2.3 36.6 31.2 29.1 2.3 27.2 29.5 2.3 24.1 29.9 2.2 21.8 30.1 2.2 20.1 30.2 2.2 19.0 Live Cattle Trade Export 910 915 1,017 1,044 (Thousand Head) 1,087 1,126 1,159 1,191 1,226 1,265 1,304 2,100 115 2,215 2,108 87 2,195 2,151 88 2,239 2,174 87 2,260 (Thousand Metric Tons) 2,212 2,257 2,302 87 87 87 2,299 2,344 2,389 2,342 87 2,430 2,377 88 2,464 2,404 88 2,492 2,426 88 2,513 745 87 832 754 88 841 753 87 840 758 87 845 767 87 854 775 87 862 786 87 873 796 88 884 806 88 894 815 88 903 824 88 912 1,383 1,353 1,399 1,415 1,445 1,482 1,516 1,546 1,570 1,589 1,601 Pork Production Beginning Stocks Domestic Supply 335 33 368 351 26 377 374 26 400 392 26 418 411 26 437 427 26 453 442 26 468 456 26 482 469 26 495 481 26 507 492 26 518 Consumption Ending Stocks Domestic Use 467 26 493 477 26 503 485 26 511 495 26 521 503 26 529 513 26 539 521 26 547 529 26 555 538 26 564 547 26 573 556 26 582 -125 -126 -111 -103 -92 -86 -79 -73 -69 -66 -64 Broiler Production Beginning Stocks Domestic Supply 771 0 771 794 0 794 838 0 838 853 0 853 862 0 862 868 0 868 874 0 874 879 0 879 883 0 883 889 0 889 894 0 894 Consumption Ending Stocks Domestic Use 737 0 737 742 0 742 743 0 743 746 0 746 748 0 748 751 0 751 753 0 753 756 0 756 758 0 758 760 0 760 763 0 763 34 53 95 107 113 118 121 123 125 128 131 290 228 265 201 307 219 320 226 (Australian Cents per Kilogram) 325 326 325 233 236 243 324 251 324 256 326 260 327 265 1,339 1,082 385 1,269 993 339 1,384 1,064 366 1,421 1,083 370 1,437 1,156 396 1,436 1,170 402 1,441 1,182 409 1,445 1,194 416 Beef Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Net Trade Farm Prices Beef Saleyard Pork Saleyard Retail Prices Beef Pork Poultry 1,437 1,105 376 2014 1,442 1,112 382 1,439 1,133 389 World Meat: FAPRI 2010 Agricultural Outlook / 339 Brazilian Meat Supply and Utilization 2009 2010 2011 2012 2013 Cattle Inventories (Beg.) Hog Inventories (Beg.) 200.2 33.8 201.2 36.1 202.5 38.0 205.8 38.1 (Million Head) 209.5 213.2 38.1 38.7 Beef Production Beginning Stocks Domestic Supply 9,853 0 9,883 10,200 0 10,230 10,310 0 10,340 Consumption Ending Stocks Domestic Use 8,153 0 9,883 8,212 0 10,230 1,700 Pork Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Broiler Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Prices Beef - Farm Pork - Farm Broiler - Wholesale 2014 2015 2016 2017 2018 2019 216.7 39.5 219.4 40.0 221.4 40.2 222.8 40.2 223.7 40.1 10,562 0 10,592 (Thousand Metric Tons) 10,861 11,135 11,407 0 0 0 10,891 11,165 11,437 11,633 0 11,663 11,824 0 11,854 11,984 0 12,014 12,128 0 12,158 8,298 0 10,340 8,394 0 10,592 8,509 0 10,891 8,641 0 11,165 8,783 0 11,437 8,929 0 11,663 9,079 0 11,854 9,229 0 12,014 9,381 0 12,158 1,988 2,012 2,168 2,352 2,494 2,624 2,704 2,745 2,754 2,747 3,224 0 3,224 3,402 0 3,402 3,586 0 3,586 3,692 0 3,692 3,800 0 3,800 3,926 0 3,926 4,040 0 4,040 4,143 0 4,143 4,257 0 4,257 4,366 0 4,366 4,484 0 4,484 2,664 0 2,664 2,750 0 2,750 2,790 0 2,790 2,862 0 2,862 2,966 0 2,966 3,066 0 3,066 3,153 0 3,153 3,236 0 3,236 3,300 0 3,300 3,356 0 3,356 3,413 0 3,413 560 652 795 830 834 860 887 907 957 1,010 1,071 11,143 0 11,143 11,441 0 11,441 11,524 0 11,524 11,612 0 11,612 11,692 0 11,692 11,759 0 11,759 11,823 0 11,823 11,888 0 11,888 11,961 0 11,961 12,040 0 12,040 12,118 0 12,118 7,486 0 7,486 7,735 0 7,735 7,888 0 7,888 8,007 0 8,007 8,090 0 8,090 8,171 0 8,171 8,248 0 8,248 8,331 0 8,331 8,383 0 8,383 8,461 0 8,461 8,538 0 8,538 3,657 3,706 3,636 3,605 3,602 3,587 3,575 3,556 3,577 3,578 3,579 6.41 4.21 4.23 6.11 3.80 3.77 6.83 4.12 4.09 7.45 4.55 4.43 (Reals per Kilogram) 7.80 8.05 8.25 4.89 5.11 5.43 4.70 4.94 5.21 8.42 5.76 5.46 8.61 6.04 5.70 8.82 6.29 5.96 9.01 6.54 6.20 340 / World Meat: FAPRI 2010 Agricultural Outlook Canadian Meat Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 13.2 12.2 12.8 10.6 12.4 9.7 12.1 8.9 (Million Head) 12.0 12.0 9.3 9.9 12.1 10.3 12.1 10.2 12.1 10.3 12.2 10.2 12.2 10.1 1,120 50 1,193 51 1,190 52 1,172 52 (Thousand Head) 1,172 1,181 1,209 52 52 51 1,213 50 1,201 51 1,198 51 1,196 51 6,475 2 5,948 2 6,018 2 5,958 2 5,995 2 6,070 2 6,031 2 5,969 2 5,957 2 5,933 2 Beef and Veal Production Beginning Stocks Domestic Supply 1,300 35 1,335 1,279 50 1,329 1,263 50 1,313 1,243 50 1,293 (Thousand Metric Tons) 1,240 1,250 1,267 50 50 50 1,290 1,300 1,317 1,280 50 1,329 1,295 50 1,345 1,314 50 1,364 1,329 50 1,380 Consumption Ending Stocks Domestic Use 1,080 50 1,130 1,092 50 1,143 1,088 50 1,138 1,087 50 1,136 1,085 50 1,135 1,084 50 1,134 1,083 50 1,133 1,087 50 1,137 1,095 50 1,145 1,102 50 1,152 1,109 50 1,159 205 186 175 157 155 166 184 193 200 213 221 1,790 60 1,850 1,645 55 1,700 1,681 55 1,736 1,721 55 1,776 1,747 55 1,802 1,747 55 1,802 1,735 55 1,790 1,712 55 1,767 1,691 55 1,746 1,699 55 1,754 1,717 55 1,772 835 55 890 783 55 838 784 55 839 796 55 851 815 55 870 831 55 886 842 55 897 854 55 909 862 55 917 868 55 923 873 55 928 960 862 896 925 932 916 893 858 829 831 844 Broiler Production Beginning Stocks Domestic Supply 980 37 1,017 996 36 1,032 1,035 36 1,071 1,057 36 1,093 1,072 36 1,108 1,088 36 1,124 1,108 36 1,144 1,120 36 1,156 1,131 36 1,167 1,146 36 1,182 1,162 36 1,198 Consumption Ending Stocks Domestic Use 964 36 1,000 986 36 1,022 1,019 36 1,055 1,040 36 1,076 1,053 36 1,089 1,065 36 1,101 1,080 36 1,116 1,092 36 1,128 1,105 36 1,141 1,120 36 1,156 1,136 36 1,172 17 10 16 17 19 23 28 27 26 26 25 94.5 61.4 145.6 92.5 66.5 142.9 100.4 74.9 142.6 (Canadian Dollars per Hundredweight) 104.3 105.5 107.1 110.2 110.5 76.5 72.7 70.7 71.4 71.0 143.4 144.0 145.4 147.2 148.6 108.7 71.6 149.4 108.4 74.1 150.2 108.2 76.8 151.0 Cattle Inventories (Beg.) Hog Inventories (Beg.) Live Cattle Trade Export Import Live Hog Trade Export Import Net Trade Pork Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Prices Beef and Veal - Farm Pork - Farm Broiler - Wholesale 2014 6,008 2 World Meat: FAPRI 2010 Agricultural Outlook / 341 Chinese - Mainland Meat Supply and Utilization 2009 2010 2011 2012 2015 2016 2017 2018 2019 106 463 171 105 485 171 105 490 167 105 483 163 105 483 152 105 486 150 105 489 147 105 492 145 106 494 143 Beef Production Beginning Stocks Domestic Supply 5,764 0 5,764 5,551 0 5,551 5,729 0 5,729 5,894 0 5,894 (Thousand Metric Tons) 6,056 6,226 6,401 0 0 0 6,056 6,226 6,401 6,577 0 6,577 6,761 0 6,761 6,952 0 6,952 7,148 0 7,148 Consumption Ending Stocks Domestic Use 5,751 0 5,751 5,526 0 5,526 5,707 0 5,707 5,879 0 5,879 6,051 0 6,051 6,229 0 6,229 6,412 0 6,412 6,595 0 6,595 6,784 0 6,784 6,981 0 6,981 7,184 0 7,184 13 25 22 15 5 -4 -11 -17 -23 -29 -36 Pork Production Beginning Stocks Domestic Supply 48,500 0 48,500 49,467 120 49,587 50,590 120 50,710 51,814 120 51,934 53,246 120 53,366 54,808 120 54,928 56,398 120 56,518 57,946 120 58,066 59,466 120 59,586 60,931 120 61,051 62,350 120 62,470 Consumption Ending Stocks Domestic Use 48,300 120 48,420 49,347 120 49,467 50,468 120 50,588 51,727 120 51,847 53,223 120 53,343 54,837 120 54,957 56,465 120 56,585 58,043 120 58,163 59,581 120 59,701 61,058 120 61,178 62,487 120 62,607 80 120 122 87 22 -29 -67 -97 -115 -127 -138 Broiler Production Beginning Stocks Domestic Supply 12,100 0 12,100 12,380 0 12,380 12,701 0 12,701 13,021 0 13,021 13,336 0 13,336 13,654 0 13,654 13,965 0 13,965 14,250 0 14,250 14,521 0 14,521 14,770 0 14,770 14,998 0 14,998 Consumption Ending Stocks Domestic Use 12,220 0 12,220 12,481 0 12,481 12,830 0 12,830 13,183 0 13,183 13,540 0 13,540 13,900 0 13,900 14,247 0 14,247 14,568 0 14,568 14,873 0 14,873 15,155 0 15,155 15,415 0 15,415 -120 -101 -128 -162 -204 -246 -282 -318 -352 -385 -418 Producer Prices Beef Pork Poultry 29.86 12.07 13.47 27.61 11.94 13.38 29.74 12.82 14.04 32.33 13.64 14.72 (Yuan per Kilogram) 35.38 38.81 42.64 14.35 15.07 15.90 15.45 16.25 17.17 46.78 16.82 18.16 50.98 17.76 19.14 55.22 18.75 20.15 59.38 19.70 21.10 Retail Prices Beef Pork Poultry 32.96 18.06 13.73 30.55 17.92 13.64 32.84 18.90 14.30 35.61 19.82 14.99 38.88 20.62 15.71 51.10 23.40 18.43 55.60 24.45 19.41 60.15 25.56 20.42 64.61 26.63 21.38 Cattle Inventories (Beg.) Hog Inventories (Beg.) Sheep Inventories (Beg.) Net Trade Net Trade Net Trade 2013 2014 (Million Head) 105 105 480 481 159 155 42.56 21.43 16.52 46.66 22.36 17.44 342 / World Meat: FAPRI 2010 Agricultural Outlook Chinese - Hong Kong Meat Supply and Utilization 2009 2010 2011 2012 2015 2016 2017 2018 2019 2 270 2 276 2 283 2 297 2 339 2 343 2 345 2 345 2 345 185 1,550 180 1,509 170 1,464 158 1,422 134 1,324 129 1,302 125 1,282 121 1,265 117 1,246 15 0 15 15 0 15 14 0 14 13 0 13 (Thousand Metric Tons) 12 11 11 0 0 0 12 11 11 11 0 11 10 0 10 10 0 10 10 0 10 160 0 160 162 0 162 163 0 163 165 0 165 167 0 167 169 0 169 172 0 172 175 0 175 178 0 178 181 0 181 184 0 184 -145 -147 -149 -152 -155 -158 -161 -164 -167 -171 -174 Pork Production Beginning Stocks Domestic Supply 114 0 114 114 0 114 113 0 113 111 0 111 107 0 107 105 0 105 103 0 103 102 0 102 100 0 100 100 0 100 99 0 99 Consumption Ending Stocks Domestic Use 459 0 459 464 0 464 463 0 463 466 0 466 473 0 473 479 0 479 484 0 484 489 0 489 492 0 492 493 0 493 495 0 495 -345 -349 -350 -355 -365 -374 -381 -387 -391 -393 -396 10 0 10 18 0 18 21 0 21 22 0 22 22 0 22 22 0 22 22 0 22 23 0 23 23 0 23 23 0 23 24 0 24 260 0 260 270 0 270 274 0 274 277 0 277 280 0 280 283 0 283 285 0 285 288 0 288 290 0 290 293 0 293 296 0 296 Net Trade -250 -251 -253 -256 -258 -261 -263 -265 -267 -270 -272 Retail Prices Beef Pork Broiler 86.15 64.69 59.25 92.80 75.94 59.77 102.12 85.24 61.91 109.50 89.78 64.27 116.89 85.59 70.34 118.38 87.84 71.79 120.19 91.28 73.33 121.86 94.64 74.68 Cattle Inventories (Beg.) Hog Inventories (Beg.) Live Animal Trade Cattle Import Swine Import Beef and Veal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Broiler Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use 2013 2014 (Thousand Head) 2 2 314 329 148 1,377 140 1,345 (Hong Kong Dollars per Kilogram) 112.69 114.58 115.65 87.92 86.30 85.51 65.80 67.22 68.78 World Meat: FAPRI 2010 Agricultural Outlook / 343 Egyptian Meat Supply and Utilization 2009 2010 2011 2012 2013 Cattle Inventories (Beg.) 8.45 7.16 7.63 8.06 (Million Head) 8.42 8.60 Beef and Veal Production Beginning Stocks Domestic Supply 450 0 450 487 0 487 518 0 518 545 0 545 Consumption Ending Stocks Domestic Use 588 0 588 608 0 608 622 0 622 638 0 638 656 0 656 675 0 675 Net Trade 2014 2015 2016 2017 2018 2019 8.69 8.77 8.84 8.92 8.99 (Thousand Metric Tons) 569 580 586 0 0 0 569 580 586 592 0 592 596 0 596 601 0 601 606 0 606 696 0 696 714 0 714 733 0 733 752 0 752 771 0 771 -138 -121 -105 -92 -87 -95 -110 -123 -137 -150 -164 Broiler Production Beginning Stocks Domestic Supply 537 0 537 560 0 560 578 0 578 595 0 595 609 0 609 622 0 622 634 0 634 642 0 642 650 0 650 656 0 656 660 0 660 Consumption Ending Stocks Domestic Use 543 0 543 568 0 568 590 0 590 610 0 610 629 0 629 647 0 647 665 0 665 682 0 682 700 0 700 718 0 718 737 0 737 -6 -8 -11 -15 -19 -25 -32 -40 -50 -62 -76 50.27 8.60 51.76 8.51 54.58 8.67 56.58 8.84 (Pounds per Kilogram) 57.00 57.01 56.72 8.92 9.02 9.13 57.02 9.34 57.29 9.51 57.75 9.72 58.13 9.89 Net Trade Retail Prices Beef Poultry 344 / World Meat: FAPRI 2010 Agricultural Outlook European Union Meat Supply and Utilization 2009 2010 2011 2012 2015 2016 2017 2018 2019 89 153 89 149 88 145 88 145 87 143 87 143 87 144 87 144 86 145 Beef and Veal Production Beginning Stocks Domestic Supply 8,000 0 8,000 7,975 0 7,975 7,971 0 7,971 7,966 0 7,966 (Thousand Metric Tons) 7,967 7,981 7,975 0 0 0 7,967 7,981 7,975 7,977 0 7,977 7,977 0 7,977 7,975 0 7,975 7,972 0 7,972 Consumption Ending Stocks Domestic Use 8,310 0 8,310 8,342 0 8,342 8,328 0 8,328 8,325 0 8,325 8,331 0 8,331 8,344 0 8,344 8,348 0 8,348 8,360 0 8,360 8,369 0 8,369 8,375 0 8,375 8,380 0 8,380 -310 -367 -358 -360 -364 -363 -373 -383 -392 -400 -408 Pork Production Beginning Stocks Domestic Supply 22,000 0 22,000 21,886 0 21,886 21,696 0 21,696 21,727 0 21,727 21,864 0 21,864 22,018 0 22,018 22,142 0 22,142 22,291 0 22,291 22,390 0 22,390 22,455 0 22,455 22,489 0 22,489 Consumption Ending Stocks Domestic Use 20,800 0 20,800 20,734 0 20,734 20,844 0 20,844 20,920 0 20,920 20,946 0 20,946 20,963 0 20,963 20,998 0 20,998 21,041 0 21,041 21,108 0 21,108 21,188 0 21,188 21,268 0 21,268 1,200 1,153 851 807 917 1,055 1,144 1,250 1,282 1,267 1,220 Broiler Production Beginning Stocks Domestic Supply 8,620 0 8,620 8,698 0 8,698 8,729 0 8,729 8,772 0 8,772 8,832 0 8,832 8,895 0 8,895 8,939 0 8,939 8,982 0 8,982 9,023 0 9,023 9,061 0 9,061 9,094 0 9,094 Consumption Ending Stocks Domestic Use 8,610 0 8,610 8,717 0 8,717 8,752 0 8,752 8,802 0 8,802 8,861 0 8,861 8,916 0 8,916 8,959 0 8,959 9,005 0 9,005 9,048 0 9,048 9,087 0 9,087 9,123 0 9,123 10 -19 -23 -29 -29 -21 -21 -23 -25 -26 -29 Lamb and Mutton Production Beginning Stocks Domestic Supply 1,021 0 1,021 1,012 0 1,012 1,014 0 1,014 1,019 0 1,019 1,024 0 1,024 1,031 0 1,031 1,038 0 1,038 1,044 0 1,044 1,048 0 1,048 1,052 0 1,052 1,055 0 1,055 Consumption Ending Stocks Domestic Use 1,283 0 1,283 1,275 0 1,275 1,278 0 1,278 1,284 0 1,284 1,291 0 1,291 1,298 0 1,298 1,305 0 1,305 1,310 0 1,310 1,315 0 1,315 1,318 0 1,318 1,322 0 1,322 Net Trade -262 -263 -264 -265 -267 -267 -267 -267 -267 -267 -267 Farm Prices Beef Pork Poultry Sheep 319 142 147 449 314 144 133 449 316 143 133 446 320 144 134 444 (Euros per 100 Kilograms) 325 330 334 148 154 157 135 137 139 444 448 446 338 160 140 446 341 161 141 445 344 161 141 444 347 161 142 444 Cattle Inventories (Beg.) Hog Inventories (Beg.) Net Trade Net Trade Net Trade 2013 2014 (Million Head) 88 88 145 144 World Meat: FAPRI 2010 Agricultural Outlook / 345 Indian Meat Supply and Utilization 2009 2010 2011 2012 281 281 281 281 Beef and Veal Production Beginning Stocks Domestic Supply 2,660 0 2,660 2,810 0 2,810 2,850 0 2,850 Consumption Ending Stocks Domestic Use 1,985 0 1,985 2,071 0 2,071 675 Broiler Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Cattle Inventories (Beg.) Net Trade Net Trade Prices Beef - Farm Poultry - Retail 2013 2014 2015 2016 2017 2018 2019 285 287 290 294 297 2,889 0 2,889 (Thousand Metric Tons) 2,923 2,958 2,994 0 0 0 2,923 2,958 2,994 3,034 0 3,034 3,078 0 3,078 3,123 0 3,123 3,169 0 3,169 2,094 0 2,094 2,124 0 2,124 2,160 0 2,160 2,198 0 2,198 2,241 0 2,241 2,284 0 2,284 2,326 0 2,326 2,365 0 2,365 2,404 0 2,404 739 756 765 764 760 753 750 752 758 765 2,550 0 2,550 2,629 0 2,629 2,704 0 2,704 2,774 0 2,774 2,841 0 2,841 2,901 0 2,901 2,960 0 2,960 3,016 0 3,016 3,073 0 3,073 3,127 0 3,127 3,180 0 3,180 2,549 0 2,549 2,628 0 2,628 2,703 0 2,703 2,773 0 2,773 2,840 0 2,840 2,900 0 2,900 2,959 0 2,959 3,015 0 3,015 3,072 0 3,072 3,126 0 3,126 3,179 0 3,179 1 1 1 1 1 1 1 1 1 1 1 52.41 94.02 52.34 90.85 54.97 91.17 57.13 92.26 (Rupees per Kilogram) 58.15 58.45 58.34 93.56 94.66 95.87 58.26 96.99 58.28 98.01 58.45 99.14 58.58 100.08 (Million Head) 281 283 346 / World Meat: FAPRI 2010 Agricultural Outlook Indonesian Meat Supply and Utilization 2009 2010 2011 2012 2013 Cattle Inventories (Beg.) Hog Inventories (Beg.) Sheep Inventories (Beg.) 11.5 6.8 9.3 11.6 7.0 8.7 11.8 7.1 8.8 12.0 7.2 8.4 Live Cattle Import 515 532 583 589 Beef and Veal Production Beginning Stocks Domestic Supply 464 0 464 461 0 461 471 0 471 480 0 480 Consumption Ending Stocks Domestic Use 477 0 477 486 0 486 498 0 498 517 0 517 536 0 536 554 0 554 -13 -26 -27 -37 -50 Pork Production Beginning Stocks Domestic Supply 578 0 578 592 0 592 608 0 608 622 0 622 Consumption Ending Stocks Domestic Use 584 0 584 593 0 593 609 0 609 0 0 Broiler Production Beginning Stocks Domestic Supply 890 0 890 Consumption Ending Stocks Domestic Use Net Trade Net Trade Net Trade Retail Prices Beef Pork Broiler 2014 2015 2016 2017 2018 2019 (Million Head) 12.2 12.4 7.4 7.5 8.8 8.6 12.7 7.6 9.0 12.9 7.7 9.0 13.2 7.8 9.6 13.4 7.9 9.7 13.7 8.1 10.5 (Thousand Head) 615 641 664 685 708 733 758 (Thousand Metric Tons) 487 493 501 0 0 0 487 493 501 508 0 508 515 0 515 522 0 522 528 0 528 575 0 575 598 0 598 620 0 620 640 0 640 660 0 660 -60 -75 -90 -105 -118 -132 633 0 633 643 0 643 653 0 653 663 0 663 674 0 674 683 0 683 692 0 692 622 0 622 634 0 634 644 0 644 654 0 654 664 0 664 674 0 674 683 0 683 693 0 693 0 0 0 0 0 0 0 0 0 915 0 915 965 0 965 1,013 0 1,013 1,056 0 1,056 1,094 0 1,094 1,133 0 1,133 1,171 0 1,171 1,209 0 1,209 1,249 0 1,249 1,288 0 1,288 900 0 900 935 0 935 967 0 967 1,005 0 1,005 1,036 0 1,036 1,060 0 1,060 1,088 0 1,088 1,118 0 1,118 1,148 0 1,148 1,175 0 1,175 1,202 0 1,202 -10 -20 -2 8 20 34 45 53 62 74 86 65,401 19,270 19,844 63,211 18,184 18,315 68,025 18,640 18,865 72,022 19,463 19,539 (Rupiah per Kilogram) 74,003 75,031 75,489 20,164 20,495 21,058 20,110 20,610 21,140 75,953 21,685 21,641 76,535 22,151 22,115 77,334 22,539 22,630 78,063 22,933 23,088 World Meat: FAPRI 2010 Agricultural Outlook / 347 Japanese Meat Supply and Utilization 2009 2010 2011 2012 2013 Cattle Inventories (Beg.) Wagyu Cows (Beg.) Dairy Cows (Beg.) Hog Inventories (Beg.) 4.42 1.17 0.85 9.90 4.43 1.21 0.84 9.90 4.41 1.23 0.84 10.05 4.40 1.23 0.83 10.12 (Million Head) 4.37 4.34 1.22 1.21 0.83 0.82 10.41 10.77 Beef and Veal Production Wagyu Dairy Beginning Stocks Domestic Supply 525 221 304 115 640 516 227 289 123 639 518 236 282 122 640 519 242 277 121 640 1,189 221 303 666 123 11 24 88 1,312 1,241 227 289 724 122 11 23 88 1,363 1,259 236 282 741 121 11 23 87 1,381 1,288 242 277 769 121 11 23 87 1,409 1,320 246 272 802 121 11 23 87 1,441 1,331 249 268 814 121 11 23 87 1,452 -672 -674 -690 -719 -752 Pork Production Beginning Stocks Domestic Supply 1,285 237 1,522 1,286 238 1,524 1,362 228 1,590 1,409 222 1,631 Consumption Ending Stocks Domestic Use 2,494 238 2,732 2,475 228 2,703 2,470 222 2,692 -1,210 -1,179 Broiler Production Beginning Stocks Domestic Supply 1,260 176 1,436 Consumption Ending Stocks Domestic Use Consumption Wagyu Dairy Imported Beef Ending Stocks Wagyu Dairy Imported Beef Domestic Use Net Trade Net Trade Net Trade Prices Wagyu Beef - Farm Dairy Beef - Farm Pork - Wholesale Broiler - Wholesale Retail Prices Wagyu Beef Dairy Beef Imported Beef Pork Broiler 2014 2015 2016 2017 2018 2019 4.31 1.21 0.81 10.95 4.28 1.20 0.80 11.03 4.24 1.19 0.79 11.03 4.21 1.19 0.78 10.96 4.17 1.18 0.77 10.87 (Thousand Metric Tons) 518 517 514 246 249 250 272 268 264 121 121 121 639 638 635 511 250 261 121 632 507 250 257 122 629 504 250 254 122 626 500 249 250 122 622 1,344 250 264 829 121 11 23 87 1,465 1,349 250 261 838 122 11 23 88 1,471 1,351 250 257 844 122 11 23 88 1,473 1,352 250 254 849 122 11 23 88 1,475 1,353 249 250 853 122 11 23 88 1,475 -764 -780 -788 -794 -799 -803 1,431 222 1,653 1,438 224 1,663 1,433 226 1,659 1,424 227 1,652 1,421 228 1,649 1,421 227 1,648 1,426 226 1,652 2,494 222 2,715 2,535 224 2,759 2,568 226 2,794 2,595 227 2,823 2,614 228 2,842 2,617 227 2,844 2,614 226 2,840 2,611 225 2,836 -1,103 -1,084 -1,107 -1,131 -1,163 -1,190 -1,196 -1,192 -1,184 1,263 171 1,434 1,292 172 1,464 1,293 171 1,464 1,280 171 1,451 1,274 171 1,445 1,263 171 1,434 1,251 171 1,421 1,238 171 1,409 1,226 171 1,397 1,214 171 1,384 1,960 171 2,131 1,947 172 2,119 1,952 171 2,123 1,957 171 2,128 1,959 171 2,130 1,957 171 2,127 1,953 171 2,124 1,948 171 2,119 1,941 171 2,112 1,933 171 2,104 1,926 171 2,096 -695 -685 -659 -664 -679 -683 -690 -698 -703 -707 -712 1,892 867 425 235 1,734 996 456 218 1,647 1,010 491 230 1,587 1,029 496 234 (Yen per Kilogram) 1,535 1,527 1,535 1,041 1,061 1,083 476 469 466 235 242 248 1,541 1,100 465 253 1,545 1,114 471 257 1,553 1,128 482 262 1,559 1,142 492 266 643 357 192 163 130 602 395 193 172 123 570 416 211 182 126 546 431 218 184 128 525 473 216 175 139 526 478 215 176 141 528 483 215 180 144 530 488 215 182 146 (Yen per 100 Grams) 528 522 442 453 217 218 178 176 129 132 523 464 217 175 136 348 / World Meat: FAPRI 2010 Agricultural Outlook Mexican Meat Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Cattle Inventories (Beg.) Hog Inventories (Beg.) 22.7 9.3 22.2 9.5 21.7 9.4 21.3 9.1 (Million Head) 21.1 21.1 9.2 9.5 21.2 9.7 21.5 9.8 21.7 9.8 21.9 9.7 22.0 9.5 Live Cattle Trade Export Import 925 15 991 37 1,061 45 1,115 58 (Thousand Head) 1,132 1,142 1,144 77 106 150 1,136 163 1,130 168 1,129 172 1,125 177 Live Hog Import 10 47 49 48 43 44 47 49 51 Beef and Veal Production Beginning Stocks Domestic Supply 1,625 0 1,625 1,625 0 1,625 1,604 0 1,604 1,577 0 1,577 (Thousand Metric Tons) 1,555 1,550 1,557 0 0 0 1,555 1,550 1,557 1,570 0 1,570 1,585 0 1,585 1,599 0 1,599 1,611 0 1,611 Consumption Ending Stocks Domestic Use 1,880 0 1,880 1,926 0 1,926 1,955 0 1,955 1,983 0 1,983 2,014 0 2,014 2,051 0 2,051 2,095 0 2,095 2,143 0 2,143 2,196 0 2,196 2,252 0 2,252 2,308 0 2,308 -255 -301 -350 -406 -459 -501 -539 -573 -611 -653 -697 Pork Production Beginning Stocks Domestic Supply 1,150 0 1,150 1,164 0 1,164 1,197 0 1,197 1,226 0 1,226 1,238 0 1,238 1,238 0 1,238 1,227 0 1,227 1,210 0 1,210 1,200 0 1,200 1,198 0 1,198 1,202 0 1,202 Consumption Ending Stocks Domestic Use 1,664 0 1,664 1,699 0 1,699 1,721 0 1,721 1,760 0 1,760 1,816 0 1,816 1,872 0 1,872 1,925 0 1,925 1,978 0 1,978 2,023 0 2,023 2,064 0 2,064 2,107 0 2,107 -514 -534 -523 -534 -578 -634 -698 -767 -822 -867 -905 Broiler Production Beginning Stocks Domestic Supply 2,810 0 2,810 2,900 0 2,900 3,009 0 3,009 3,106 0 3,106 3,183 0 3,183 3,249 0 3,249 3,314 0 3,314 3,370 0 3,370 3,427 0 3,427 3,483 0 3,483 3,539 0 3,539 Consumption Ending Stocks Domestic Use 3,290 0 3,290 3,366 0 3,366 3,472 0 3,472 3,557 0 3,557 3,621 0 3,621 3,687 0 3,687 3,756 0 3,756 3,832 0 3,832 3,922 0 3,922 4,018 0 4,018 4,117 0 4,117 -480 -467 -463 -451 -439 -438 -442 -462 -495 -535 -577 35.41 25.27 21.93 35.41 27.56 20.91 38.79 31.05 21.58 41.63 32.74 22.39 (New Pesos per Kilogram) 42.95 43.95 44.50 31.89 31.40 31.25 23.03 23.74 24.47 44.52 31.05 24.91 44.62 31.80 25.31 44.89 33.09 25.77 45.12 34.35 26.16 Net Trade Net Trade Net Trade Prices Beef and Veal - Wholesale Pork - Wholesale Poultry - Retail 47 2014 45 World Meat: FAPRI 2010 Agricultural Outlook / 349 New Zealand Meat Supply and Utilization 2009 2010 2011 2012 2013 Cattle Inventories (Beg.) Hog Inventories (Beg.) 9.72 0.36 9.81 0.39 9.93 0.40 10.05 0.41 (Million Head) 10.23 10.41 0.41 0.42 Beef and Veal Production Beginning Stocks Domestic Supply 634 0 634 616 0 616 649 0 649 664 0 664 Consumption Ending Stocks Domestic Use 120 0 120 120 0 120 118 0 118 117 0 117 117 0 117 118 0 118 514 496 531 547 570 Pork Production Beginning Stocks Domestic Supply 51 0 51 50 0 50 51 0 51 52 0 52 Consumption Ending Stocks Domestic Use 53 0 53 55 0 55 57 0 57 -2 -5 Poultry Production Beginning Stocks Domestic Supply 150 0 150 Consumption Ending Stocks Domestic Use Net Trade Net Trade Net Trade Farm Prices Beef and Veal Pork Poultry 2014 2015 2016 2017 2018 2019 10.55 0.43 10.67 0.44 10.76 0.45 10.82 0.46 10.87 0.47 (Thousand Metric Tons) 687 711 732 0 0 0 687 711 732 748 0 748 763 0 763 776 0 776 787 0 787 118 0 118 119 0 119 120 0 120 120 0 120 121 0 121 594 613 629 644 656 666 53 0 53 54 0 54 56 0 56 57 0 57 58 0 58 59 0 59 60 0 60 59 0 59 61 0 61 62 0 62 63 0 63 65 0 65 66 0 66 68 0 68 69 0 69 -6 -7 -8 -8 -8 -8 -8 -9 -9 157 0 157 167 0 167 172 0 172 176 0 176 179 0 179 182 0 182 185 0 185 188 0 188 190 0 190 193 0 193 146 0 146 151 0 151 151 0 151 153 0 153 156 0 156 158 0 158 160 0 160 162 0 162 165 0 165 167 0 167 169 0 169 4 7 16 19 20 21 22 23 23 24 24 433 459 255 398 403 225 468 407 248 514 416 277 514 416 282 516 416 287 518 416 291 (New Zealand Dollars per 100 Kilograms) 506 513 516 515 415 412 416 416 259 263 268 273 350 / World Meat: FAPRI 2010 Agricultural Outlook Other CIS Meat Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 25.3 5.8 26.0 5.5 26.3 5.4 27.1 5.4 (Million Head) 27.7 28.3 5.5 5.6 28.9 5.7 29.4 5.8 30.0 6.0 30.5 6.1 31.0 6.2 Beef and Veal Production Beginning Stocks Domestic Supply 1,650 0 1,650 1,657 0 1,657 1,672 0 1,672 1,694 0 1,694 (Thousand Metric Tons) 1,717 1,740 1,762 0 0 0 1,717 1,740 1,762 1,786 0 1,786 1,809 0 1,809 1,834 0 1,834 1,861 0 1,861 Consumption Ending Stocks Domestic Use 1,611 0 1,611 1,630 0 1,630 1,647 0 1,647 1,666 0 1,666 1,688 0 1,688 1,711 0 1,711 1,733 0 1,733 1,755 0 1,755 1,776 0 1,776 1,797 0 1,797 1,817 0 1,817 39 27 25 28 29 30 29 31 33 37 44 Pork Production Beginning Stocks Domestic Supply 675 0 675 671 0 671 666 0 666 672 0 672 685 0 685 701 0 701 717 0 717 733 0 733 751 0 751 769 0 769 786 0 786 Consumption Ending Stocks Domestic Use 681 0 681 681 0 681 691 0 691 699 0 699 708 0 708 718 0 718 727 0 727 736 0 736 744 0 744 753 0 753 761 0 761 -6 -10 -24 -27 -23 -17 -10 -2 7 17 24 Broiler Production Beginning Stocks Domestic Supply 320 0 320 326 0 326 336 0 336 349 0 349 362 0 362 375 0 375 389 0 389 404 0 404 419 0 419 435 0 435 466 0 466 Consumption Ending Stocks Domestic Use 528 0 528 532 0 532 544 0 544 554 0 554 566 0 566 578 0 578 589 0 589 600 0 600 610 0 610 620 0 620 630 0 630 -208 -206 -208 -206 -204 -203 -200 -196 -191 -185 -165 Cattle Inventories (Beg.) Hog Inventories (Beg.) Net Trade Net Trade Net Trade 2014 Countries included: Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova Republic, Tajikistan, Turkmenistan, Uzbekistan. World Meat: FAPRI 2010 Agricultural Outlook / 351 Other Eastern European Meat Supply and Utilization 2009 2010 2011 2012 2013 Cattle Inventories (Beg.) Hog Inventories (Beg.) 1.92 2.61 1.80 2.07 1.85 2.14 1.88 2.21 (Million Head) 1.91 1.94 2.29 2.37 Beef and Veal Production Beginning Stocks Domestic Supply 106 0 106 108 0 108 110 0 110 112 0 112 Consumption Ending Stocks Domestic Use 115 0 115 114 0 114 114 0 114 115 0 115 116 0 116 117 0 117 -8 -7 -4 -2 -2 Pork Production Beginning Stocks Domestic Supply 86 0 86 88 0 88 91 0 91 94 0 94 Consumption Ending Stocks Domestic Use 99 0 99 101 0 101 102 0 102 -11 -13 69 0 69 Net Trade Net Trade Broiler Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2015 2016 2017 2018 2019 1.96 2.45 1.96 2.50 1.95 2.52 1.93 2.53 1.92 2.53 (Thousand Metric Tons) 114 116 117 0 0 0 114 116 117 117 0 117 116 0 116 115 0 115 115 0 115 119 0 119 121 0 121 122 0 122 124 0 124 125 0 125 -1 -1 -3 -6 -8 -11 97 0 97 100 0 100 104 0 104 106 0 106 107 0 107 107 0 107 107 0 107 104 0 104 106 0 106 108 0 108 110 0 110 112 0 112 114 0 114 115 0 115 117 0 117 -12 -11 -9 -8 -6 -6 -7 -8 -10 70 0 70 72 0 72 74 0 74 76 0 76 79 0 79 81 0 81 82 0 82 83 0 83 82 0 82 82 0 82 105 0 105 106 0 106 108 0 108 110 0 110 112 0 112 113 0 113 115 0 115 117 0 117 120 0 120 122 0 122 124 0 124 -32 -36 -35 -35 -35 -34 -34 -35 -37 -39 -42 Countries included: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Yugoslavia. 2014 352 / World Meat: FAPRI 2010 Agricultural Outlook Paraguayan Meat Supply and Utilization 2009 2010 2011 2012 2013 Cattle Inventories (Beg.) Hog Inventories (Beg.) 10.5 1.6 10.6 1.7 10.9 1.7 11.4 1.9 (Million Head) 12.0 12.7 1.9 2.0 Beef and Veal Production Beginning Stocks Domestic Supply 220 0 220 223 0 223 229 0 229 241 0 241 Consumption Ending Stocks Domestic Use 218 0 218 223 0 223 225 0 225 226 0 226 226 0 226 228 0 228 2 0 4 15 27 Pork Production Beginning Stocks Domestic Supply 105 0 105 109 0 109 115 0 115 122 0 122 Consumption Ending Stocks Domestic Use 105 0 105 105 0 105 106 0 106 0 4 Broiler Production Beginning Stocks Domestic Supply 43 0 43 Consumption Ending Stocks Domestic Use Net Trade Net Trade Net Trade 2014 2015 2016 2017 2018 2019 13.3 2.1 13.8 2.2 14.4 2.2 15.0 2.3 15.6 2.4 (Thousand Metric Tons) 253 266 279 0 0 0 253 266 279 291 0 291 303 0 303 315 0 315 327 0 327 231 0 231 233 0 233 236 0 236 239 0 239 243 0 243 38 48 58 67 76 85 127 0 127 132 0 132 137 0 137 141 0 141 146 0 146 152 0 152 159 0 159 107 0 107 110 0 110 112 0 112 114 0 114 116 0 116 117 0 117 118 0 118 120 0 120 9 14 18 20 23 25 29 34 39 42 0 42 42 0 42 45 0 45 49 0 49 52 0 52 56 0 56 59 0 59 63 0 63 66 0 66 69 0 69 43 0 43 44 0 44 46 0 46 46 0 46 47 0 47 47 0 47 48 0 48 48 0 48 49 0 49 50 0 50 51 0 51 0 -2 -4 -1 2 5 8 11 14 16 19 World Meat: FAPRI 2010 Agricultural Outlook / 353 Philippine Meat Supply and Utilization 2009 2010 2011 2012 2013 5.5 15.9 5.4 18.1 5.4 19.9 5.4 21.1 (Million Head) 5.5 5.5 22.1 22.8 40 43 47 49 Beef and Veal Production Beginning Stocks Domestic Supply 220 0 220 220 0 220 224 0 224 227 0 227 Consumption Ending Stocks Domestic Use 328 0 328 335 0 335 343 0 343 354 0 354 366 0 366 378 0 378 -108 -115 -119 -127 -137 Pork Production Beginning Stocks Domestic Supply 1,225 0 1,225 1,261 0 1,261 1,294 11 1,305 1,318 11 1,329 Consumption Ending Stocks Domestic Use 1,267 0 1,267 1,304 11 1,315 1,347 11 1,358 -42 -54 Broiler Production Beginning Stocks Domestic Supply 725 0 725 Consumption Ending Stocks Domestic Use Cattle Inventories (Beg.) Hog Inventories (Beg.) Live Cattle Trade Import Net Trade Net Trade Net Trade Farm Prices Beef and Veal Pork Poultry 2014 2015 2016 2017 2018 2019 5.6 23.5 5.7 24.0 5.7 24.4 5.8 24.7 5.8 25.0 58 61 64 68 73 (Thousand Metric Tons) 229 232 235 0 0 0 229 232 235 238 0 238 241 0 241 243 0 243 245 0 245 392 0 392 406 0 406 420 0 420 434 0 434 448 0 448 -146 -157 -168 -179 -191 -203 1,338 11 1,349 1,349 11 1,360 1,361 11 1,372 1,371 11 1,382 1,378 11 1,389 1,384 11 1,395 1,388 11 1,399 1,388 11 1,399 1,430 11 1,441 1,475 11 1,486 1,519 11 1,530 1,563 11 1,574 1,609 11 1,620 1,657 11 1,668 1,707 11 1,718 -53 -70 -92 -126 -158 -192 -231 -274 -319 768 0 768 803 0 803 824 0 824 840 0 840 853 0 853 865 0 865 877 0 877 888 0 888 899 0 899 909 0 909 775 0 775 805 0 805 832 0 832 861 0 861 889 0 889 917 0 917 946 0 946 976 0 976 1,006 0 1,006 1,036 0 1,036 1,069 0 1,069 -50 -37 -29 -37 -49 -64 -81 -99 -118 -138 -160 76.11 82.61 81.65 77.80 81.88 80.29 82.40 84.42 82.77 85.59 88.21 85.05 (Pesos per Kilogram) 87.08 87.94 88.32 91.55 93.23 96.21 87.09 89.14 91.37 88.77 99.64 93.57 89.37 102.28 95.72 90.23 104.59 98.14 91.10 107.05 100.42 (Thousand Head) 52 55 354 / World Meat: FAPRI 2010 Agricultural Outlook Russian Meat Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 17.9 19.6 17.5 20.2 17.0 20.1 16.6 19.7 (Million Head) 16.4 16.2 19.4 19.4 16.1 19.8 16.0 20.0 15.9 20.1 15.8 20.2 15.7 20.4 Beef and Veal Production Beginning Stocks Domestic Supply 1,280 0 1,280 1,281 0 1,281 1,240 0 1,240 1,216 0 1,216 (Thousand Metric Tons) 1,195 1,184 1,177 0 0 0 1,195 1,184 1,177 1,173 0 1,173 1,171 0 1,171 1,171 0 1,171 1,171 0 1,171 Consumption Ending Stocks Domestic Use 1,968 0 1,968 2,019 0 2,019 1,999 0 1,999 2,009 0 2,009 2,008 0 2,008 2,000 0 2,000 2,005 0 2,005 2,011 0 2,011 2,009 0 2,009 2,004 0 2,004 2,000 0 2,000 -688 -738 -759 -792 -813 -816 -828 -838 -838 -833 -829 Pork Production Beginning Stocks Domestic Supply 2,205 0 2,205 2,263 0 2,263 2,322 0 2,322 2,397 0 2,397 2,465 0 2,465 2,521 0 2,521 2,590 0 2,590 2,658 0 2,658 2,717 0 2,717 2,776 0 2,776 2,835 0 2,835 Consumption Ending Stocks Domestic Use 2,954 0 2,954 3,022 0 3,022 3,116 0 3,116 3,140 0 3,140 3,154 0 3,154 3,186 0 3,186 3,204 0 3,204 3,217 0 3,217 3,240 0 3,240 3,263 0 3,263 3,286 0 3,286 -749 -759 -794 -743 -689 -665 -614 -559 -522 -487 -451 Broiler Production Beginning Stocks Domestic Supply 1,790 55 1,845 1,956 33 1,989 2,036 33 2,069 2,103 33 2,136 2,146 33 2,179 2,176 33 2,209 2,207 33 2,240 2,240 33 2,273 2,271 33 2,304 2,301 33 2,334 2,332 33 2,365 Consumption Ending Stocks Domestic Use 2,665 33 2,698 2,734 33 2,767 2,815 33 2,848 2,882 33 2,915 2,924 33 2,957 2,954 33 2,987 2,986 33 3,019 3,019 33 3,052 3,050 33 3,083 3,080 33 3,113 3,110 33 3,143 Net Trade -853 -779 -779 -779 -779 -779 -779 -779 -779 -779 -779 Farm Prices Beef and Veal Pork Poultry 120 90 75 122 87 83 132 93 84 140 100 88 (Rubles per Kilogram) 143 146 146 105 106 109 90 92 95 147 113 97 147 115 99 148 116 101 149 117 102 Cattle Inventories (Beg.) Hog Inventories (Beg.) Net Trade Net Trade 2014 World Meat: FAPRI 2010 Agricultural Outlook / 355 Saudi Arabian Meat Supply and Utilization Broiler Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Wholesale Price Poultry 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 570 0 570 602 0 602 633 0 633 655 0 655 (Thousand Metric Tons) 677 695 712 0 0 0 677 695 712 729 0 729 746 0 746 764 0 764 781 0 781 1,185 0 1,185 1,219 0 1,219 1,260 0 1,260 1,302 0 1,302 1,337 0 1,337 1,365 0 1,365 1,393 0 1,393 1,422 0 1,422 1,449 0 1,449 1,475 0 1,475 1,501 0 1,501 -615 -618 -627 -647 -660 -670 -681 -694 -703 -711 -720 5.88 5.90 6.08 6.26 (Riyals per Kilogram) 6.35 6.45 6.56 6.66 6.74 6.84 6.91 2015 2016 2017 2018 2019 15.0 15.1 15.1 15.0 14.9 (Thousand Metric Tons) 706 708 706 0 0 0 706 708 706 701 0 701 696 0 696 691 0 691 685 0 685 South African Meat Supply and Utilization 2009 2010 2011 2012 2013 Cattle Inventories (Beg.) 14.2 14.3 14.5 14.6 (Million Head) 14.7 14.9 Beef and Veal Production Beginning Stocks Domestic Supply 684 0 684 680 0 680 689 0 689 700 0 700 Consumption Ending Stocks Domestic Use 686 0 686 689 0 689 695 0 695 708 0 708 724 0 724 740 0 740 761 0 761 777 0 777 793 0 793 812 0 812 836 0 836 -2 -9 -6 -8 -18 -32 -55 -76 -97 -121 -151 Broiler Production Beginning Stocks Domestic Supply 1,178 0 1,178 1,194 0 1,194 1,239 0 1,239 1,275 0 1,275 1,302 0 1,302 1,327 0 1,327 1,349 0 1,349 1,370 0 1,370 1,392 0 1,392 1,414 0 1,414 1,435 0 1,435 Consumption Ending Stocks Domestic Use 1,382 0 1,382 1,409 0 1,409 1,433 0 1,433 1,463 0 1,463 1,490 0 1,490 1,514 0 1,514 1,544 0 1,544 1,575 0 1,575 1,607 0 1,607 1,642 0 1,642 1,679 0 1,679 Net Trade -204 -216 -193 -188 -187 -188 -196 -205 -215 -228 -244 Prices Beef - Farm Poultry - Retail 70.21 22.36 66.16 18.55 72.73 19.70 78.37 20.91 (Rand per Kilogram) 81.56 84.08 85.74 21.88 22.86 23.82 87.45 24.76 89.33 25.69 91.51 26.71 93.70 27.68 Net Trade 2014 356 / World Meat: FAPRI 2010 Agricultural Outlook South Korean Meat Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Cattle Inventories (Beg.) Hog Inventories (Beg.) 2.88 8.22 3.05 8.20 3.15 7.90 3.25 7.26 (Million Head) 3.33 3.38 7.00 7.04 3.40 7.13 3.40 7.15 3.38 7.12 3.33 7.04 3.27 6.98 Beef Production Beginning Stocks Domestic Supply 288 15 303 298 40 338 310 40 350 323 40 363 (Thousand Metric Tons) 333 338 340 40 40 40 372 378 380 340 40 380 337 40 377 332 40 372 326 40 366 Consumption Ending Stocks Domestic Use 553 40 593 569 40 609 569 40 609 578 40 618 588 40 628 598 40 638 611 40 651 625 40 665 640 40 680 658 40 698 675 40 715 -290 -271 -259 -255 -255 -260 -271 -285 -304 -325 -349 Pork Production Beginning Stocks Domestic Supply 1,016 144 1,160 956 100 1,056 917 108 1,025 894 109 1,004 883 111 993 875 114 988 864 117 981 853 120 973 846 122 968 847 123 969 853 122 976 Consumption Ending Stocks Domestic Use 1,415 100 1,515 1,425 108 1,533 1,446 109 1,556 1,477 111 1,587 1,530 114 1,643 1,581 117 1,698 1,624 120 1,743 1,659 122 1,781 1,679 123 1,802 1,688 122 1,811 1,696 122 1,818 -355 -477 -531 -584 -650 -709 -762 -809 -833 -842 -842 Broiler Production Beginning Stocks Domestic Supply 605 0 605 638 0 638 647 0 647 654 0 654 660 0 660 664 0 664 669 0 669 673 0 673 678 0 678 683 0 683 687 0 687 Consumption Ending Stocks Domestic Use 663 0 663 694 0 694 713 0 713 724 0 724 730 0 730 735 0 735 738 0 738 743 0 743 748 0 748 755 0 755 762 0 762 -52 -50 -59 -65 -65 -64 -64 -63 -65 -66 -69 Farm Prices Beef 4,461 5,507 5,456 (1000 Won per 500 Kilograms, Liveweight) 5,577 5,648 5,665 5,640 5,620 5,608 5,613 5,612 Pork Poultry 3,350 1,682 2,800 1,370 2,857 1,289 2,874 1,284 (Won per Kilogram, Liveweight) 2,754 2,661 2,606 1,303 1,324 1,348 2,579 1,371 2,629 1,390 2,719 1,413 2,806 1,430 31,702 7,217 5,100 37,689 6,260 3,898 39,305 6,174 3,486 40,404 6,171 3,388 (Won per Kilogram) 41,053 41,226 41,008 5,916 5,663 5,487 3,406 3,448 3,504 40,702 5,382 3,558 40,425 5,438 3,606 40,262 5,605 3,658 40,095 5,787 3,700 Net Trade Net Trade Net Trade Retail Prices Beef Pork Poultry 2014 World Meat: FAPRI 2010 Agricultural Outlook / 357 Taiwanese Meat Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 0.19 6.79 0.16 6.40 0.17 5.76 0.17 5.24 (Million Head) 0.17 0.17 5.09 5.18 0.16 5.30 0.16 5.37 0.16 5.40 0.16 5.35 0.16 5.28 6 0 6 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 116 0 116 118 0 118 122 0 122 126 0 126 129 0 129 133 0 133 137 0 137 142 0 142 146 0 146 150 0 150 155 0 155 -110 -113 -117 -120 -124 -128 -132 -137 -141 -145 -150 Pork Production Beginning Stocks Domestic Supply 900 0 900 902 0 902 907 0 907 912 0 912 918 0 918 922 0 922 924 0 924 923 0 923 929 0 929 937 0 937 947 0 947 Consumption Ending Stocks Domestic Use 958 0 958 959 0 959 964 0 964 980 0 980 1,006 0 1,006 1,031 0 1,031 1,053 0 1,053 1,072 0 1,072 1,085 0 1,085 1,095 0 1,095 1,106 0 1,106 -58 -57 -57 -68 -89 -110 -129 -149 -156 -158 -159 Broiler Production Beginning Stocks Domestic Supply 507 0 507 518 0 518 529 0 529 539 0 539 547 0 547 552 0 552 558 0 558 563 0 563 570 0 570 577 0 577 584 0 584 Consumption Ending Stocks Domestic Use 574 0 574 598 0 598 617 0 617 633 0 633 644 0 644 653 0 653 661 0 661 670 0 670 679 0 679 690 0 690 700 0 700 Net Trade -67 -80 -88 -94 -97 -101 -103 -107 -110 -113 -116 Retail Prices Beef and Veal Pork Poultry 259 155 128 263 170 115 276 184 119 (New Taiwan Dollars per Kilogram) 279 277 272 267 188 182 177 173 120 120 120 121 261 170 122 258 172 123 256 175 125 254 178 126 Cattle Inventories (Beg.) Hog Inventories (Beg.) Beef and Veal Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade 2014 (Thousand Metric Tons) 5 5 0 0 5 5 358 / World Meat: FAPRI 2010 Agricultural Outlook Thai Meat Supply and Utilization 2009 2010 2011 2012 2013 Cattle Inventories (Beg.) Hog Inventories (Beg.) 5.61 6.14 5.67 6.21 5.81 6.37 5.97 6.56 (Million Head) 6.12 6.24 6.76 6.91 Beef and Veal Production Beginning Stocks Domestic Supply 198 0 198 200 0 200 205 0 205 211 0 211 Consumption Ending Stocks Domestic Use 199 0 199 206 0 206 209 0 209 213 0 213 217 0 217 222 0 222 -1 -6 -3 -2 -1 Pork Production Beginning Stocks Domestic Supply 700 0 700 708 0 708 727 0 727 748 0 748 Consumption Ending Stocks Domestic Use 700 0 700 707 0 707 721 0 721 0 1 1,200 21 1,221 Net Trade Net Trade Broiler Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Wholesale Prices Beef and Veal Pork Poultry 2014 2015 2016 2017 2018 2019 6.34 7.07 6.43 7.24 6.51 7.41 6.59 7.55 6.66 7.70 (Thousand Metric Tons) 216 220 224 0 0 0 216 220 224 227 0 227 230 0 230 233 0 233 235 0 235 228 0 228 234 0 234 240 0 240 245 0 245 250 0 250 -2 -4 -7 -10 -13 -15 771 0 771 788 0 788 806 0 806 826 0 826 845 0 845 862 0 862 878 0 878 735 0 735 747 0 747 762 0 762 776 0 776 790 0 790 804 0 804 819 0 819 832 0 832 6 13 23 26 30 36 41 43 46 1,295 31 1,326 1,312 31 1,343 1,343 31 1,374 1,382 31 1,413 1,419 31 1,450 1,455 31 1,486 1,491 31 1,522 1,528 31 1,559 1,565 31 1,596 1,601 31 1,632 805 31 836 831 31 862 846 31 877 863 31 894 878 31 909 892 31 923 907 31 938 923 31 954 938 31 969 952 31 983 966 31 997 385 464 466 480 504 527 549 569 590 613 635 93.9 66.6 36.2 96.3 65.6 35.2 104.1 67.8 36.6 108.8 70.6 37.5 (Baht per Kilogram) 111.1 112.2 112.4 73.4 74.6 77.0 38.6 39.6 40.7 112.7 79.7 41.7 113.3 81.6 42.7 114.1 83.2 43.8 114.9 84.8 44.8 World Meat: FAPRI 2010 Agricultural Outlook / 359 Ukrainian Meat Supply and Utilization 2009 2010 2011 2012 2015 2016 2017 2018 2019 Cattle Inventories (Beg.) Hog Inventories (Beg.) 5.1 6.5 5.0 7.2 4.9 7.7 4.8 8.1 4.8 8.9 4.9 9.1 4.9 9.3 5.0 9.5 5.0 9.6 Beef and Veal Production Beginning Stocks Domestic Supply 400 15 415 378 15 393 371 15 386 366 15 381 (Thousand Metric Tons) 367 371 374 15 15 15 382 386 389 378 15 393 383 15 398 389 15 404 396 15 411 Consumption Ending Stocks Domestic Use 408 15 423 389 15 404 393 15 408 399 15 414 401 15 416 400 15 415 400 15 415 402 15 417 402 15 417 404 15 419 406 15 421 -8 -11 -22 -33 -34 -29 -26 -23 -19 -15 -10 Pork Production Beginning Stocks Domestic Supply 490 22 512 529 22 551 564 22 586 593 22 615 615 23 638 632 23 654 649 23 672 667 23 690 683 23 706 699 23 723 716 24 740 Consumption Ending Stocks Domestic Use 730 22 752 775 22 798 796 22 819 816 23 838 836 23 859 859 23 882 875 23 898 889 23 912 904 23 927 919 24 942 933 24 957 -240 -247 -233 -223 -221 -228 -226 -221 -221 -220 -217 Broiler Production Beginning Stocks Domestic Supply 620 0 620 668 0 668 702 0 702 729 0 729 746 0 746 759 0 759 770 0 770 781 0 781 792 0 792 807 0 807 824 0 824 Consumption Ending Stocks Domestic Use 812 0 812 802 0 802 822 0 822 846 0 846 871 0 871 892 0 892 911 0 911 929 0 929 946 0 946 958 0 958 971 0 971 Net Trade -192 -134 -119 -117 -125 -133 -142 -149 -154 -151 -147 Farm Prices Beef and Veal Pork Poultry 12.17 49.06 46.91 11.63 49.83 47.26 11.23 49.61 46.98 10.98 51.13 47.43 (Hryvnias per Kilogram) 10.99 11.13 11.13 51.81 51.38 51.74 47.28 47.11 47.02 11.13 52.76 47.27 11.13 53.16 47.40 11.13 53.73 47.98 11.13 54.33 48.44 Net Trade Net Trade 2013 2014 (Million Head) 4.8 4.8 8.4 8.6 360 / World Meat: FAPRI 2010 Agricultural Outlook Vietnamese Meat Supply and Utilization 2009 2010 2011 2012 2013 Cattle Inventories (Beg.) Hog Inventories (Beg.) 6.8 28.6 6.8 29.3 6.9 31.3 7.1 31.1 (Million Head) 7.3 7.4 31.0 31.1 Beef and Veal Production Beginning Stocks Domestic Supply 166 0 166 164 0 164 167 0 167 172 0 172 Consumption Ending Stocks Domestic Use 166 0 166 177 0 177 179 0 179 185 0 185 193 0 193 200 0 200 0 -12 -12 -14 -16 Pork Production Beginning Stocks Domestic Supply 1,850 0 1,850 1,814 0 1,814 1,840 0 1,840 1,845 0 1,845 Consumption Ending Stocks Domestic Use 1,894 0 1,894 1,864 0 1,864 1,904 0 1,904 -44 -51 Broiler Production Beginning Stocks Domestic Supply 340 0 340 Consumption Ending Stocks Domestic Use Net Trade Net Trade Net Trade 2014 2015 2016 2017 2018 2019 7.6 31.5 7.7 31.7 7.9 31.9 8.0 32.1 8.2 32.5 (Thousand Metric Tons) 176 180 184 0 0 0 176 180 184 188 0 188 191 0 191 195 0 195 198 0 198 209 0 209 218 0 218 227 0 227 235 0 235 244 0 244 -20 -25 -30 -36 -41 -46 1,858 0 1,858 1,867 0 1,867 1,886 0 1,886 1,906 0 1,906 1,924 0 1,924 1,940 0 1,940 1,957 0 1,957 1,940 0 1,940 1,973 0 1,973 2,010 0 2,010 2,045 0 2,045 2,078 0 2,078 2,114 0 2,114 2,151 0 2,151 2,188 0 2,188 -64 -95 -115 -143 -159 -172 -190 -211 -231 355 0 355 368 0 368 375 0 375 381 0 381 385 0 385 389 0 389 394 0 394 399 0 399 404 0 404 408 0 408 530 0 530 530 0 530 540 0 540 551 0 551 562 0 562 571 0 571 581 0 581 592 0 592 603 0 603 613 0 613 624 0 624 -190 -175 -171 -176 -181 -186 -192 -198 -204 -210 -216 World Meat: FAPRI 2010 Agricultural Outlook / 361 Rest-of-World Meat Supply and Utilization 2009 2010 2011 2012 2013 Cattle Inventories (Beg.) Hog Inventories (Beg.) 366.6 127.9 366.5 121.1 398.6 118.2 401.6 116.7 (Million Head) 403.5 404.0 115.0 113.1 Beef and Veal Production Beginning Stocks 8,255 0 8,333 0 8,396 0 8,436 0 Consumption Ending Stocks 10,213 0 10,351 0 10,459 0 10,540 0 10,593 0 10,661 0 Net Trade -1,958 -2,018 -2,063 -2,104 -2,146 Pork Production Beginning Stocks 16,508 0 15,637 0 15,260 0 15,066 0 Consumption Ending Stocks 17,074 0 16,153 0 15,696 0 -572 -516 7,920 0 Consumption Ending Stocks Net Trade Net Trade Broiler Production Beginning Stocks 2014 2015 2016 2017 2018 2019 404.1 111.5 403.8 110.2 403.5 109.5 403.4 109.6 403.4 110.3 (Thousand Metric Tons) 8,447 8,447 8,441 0 0 0 8,436 0 8,434 0 8,433 0 8,433 0 10,698 0 10,736 0 10,756 0 10,748 0 10,710 0 -2,214 -2,256 -2,299 -2,322 -2,314 -2,277 14,838 0 14,602 0 14,390 0 14,220 0 14,139 0 14,150 0 14,233 0 15,512 0 15,294 0 15,068 0 14,866 0 14,706 0 14,635 0 14,656 0 14,749 0 -436 -446 -456 -466 -476 -486 -496 -506 -516 7,456 0 7,531 0 7,817 0 8,148 0 8,446 0 8,730 0 9,029 0 9,339 0 9,661 0 9,999 0 11,222 0 10,784 0 10,946 0 11,253 0 11,611 0 11,937 0 12,233 0 12,520 0 12,857 0 13,206 0 13,551 0 -3,302 -3,328 -3,414 -3,436 -3,463 -3,491 -3,503 -3,490 -3,517 -3,544 -3,552 362 / World Meat: FAPRI 2010 Agricultural Outlook Per Capita Meat Consumption of Selected Countries Argentina Beef and Veal Pork Broiler Total Australia Beef and Veal Pork Broiler Total Brazil Beef and Veal Pork Broiler Total Canada Beef and Veal Pork Broiler Total China - Mainland Beef and Veal Pork Broiler Lamb-Mutton Total China - Hong Kong Beef and Veal Pork Broiler Total Egypt Beef and Veal Broiler Total European Union Beef and Veal Pork Broiler Lamb-Mutton Total India Beef and Veal Broiler Total 2009 2010 2011 2012 2013 63.9 6.1 32.2 60.4 6.2 32.3 59.8 6.3 32.7 59.6 6.4 33.1 59.6 6.5 33.5 102.2 98.9 98.8 99.1 99.7 34.6 21.7 34.3 34.6 21.9 34.1 34.2 22.0 33.8 34.1 22.2 33.5 90.6 90.6 90.0 41.0 13.4 37.7 40.8 13.7 38.5 92.1 2014 2015 2016 2017 2018 2019 59.8 6.7 34.2 59.9 6.8 34.6 60.0 6.9 35.0 60.0 7.0 35.3 60.1 7.1 35.6 100.2 100.7 101.4 101.9 102.3 102.8 34.1 22.4 33.2 34.1 22.5 33.0 34.2 22.7 32.8 34.3 22.8 32.5 34.3 22.9 32.3 34.4 23.1 32.1 34.4 23.2 31.9 89.8 89.7 89.6 89.6 89.6 89.6 89.5 89.5 40.8 13.7 38.8 40.8 13.9 38.9 40.9 14.3 38.9 41.1 14.6 38.9 41.4 14.8 38.8 41.6 15.1 38.8 41.9 15.2 38.7 42.2 15.3 38.7 42.5 15.5 38.7 93.0 93.3 93.6 94.1 94.6 95.1 95.6 95.9 96.3 96.7 32.0 24.7 28.6 32.1 23.0 29.0 31.7 22.9 29.7 31.4 23.0 30.1 31.1 23.4 30.2 30.9 23.7 30.3 30.6 23.8 30.6 30.5 24.0 30.7 30.5 24.0 30.8 30.5 24.0 31.0 30.5 24.0 31.2 85.3 84.1 84.3 84.5 84.8 84.9 85.0 85.1 85.3 85.5 85.7 4.3 36.3 9.2 1.8 4.1 36.9 9.3 1.8 4.2 37.6 9.6 1.9 4.4 38.3 9.8 1.9 4.5 39.3 10.0 1.9 4.6 40.3 10.2 1.9 4.7 41.3 10.4 2.0 4.8 42.3 10.6 2.0 4.9 43.3 10.8 2.1 5.1 44.2 11.0 2.1 5.2 45.1 11.1 2.1 51.7 52.2 53.2 54.3 55.6 57.0 58.4 59.7 61.1 62.3 63.6 22.6 64.7 36.7 22.7 65.1 37.9 22.8 64.7 38.3 22.9 64.8 38.6 23.1 65.5 38.8 23.4 66.2 39.1 23.7 66.7 39.3 24.0 67.2 39.5 24.3 67.4 39.8 24.7 67.4 40.1 25.1 67.5 40.3 124.0 125.7 125.8 126.3 127.5 128.6 129.7 130.7 131.5 132.2 132.9 7.3 6.7 7.4 6.9 7.4 7.0 7.5 7.1 7.6 7.2 7.6 7.3 7.7 7.4 7.8 7.4 7.9 7.5 7.9 7.6 8.0 7.7 14.0 14.3 14.5 14.6 14.8 14.9 15.1 15.2 15.4 15.5 15.7 16.9 42.2 17.5 2.6 16.9 42.1 17.7 2.6 16.9 42.3 17.7 2.6 16.9 42.4 17.8 2.6 16.9 42.4 17.9 2.6 16.9 42.4 18.0 2.6 16.9 42.5 18.1 2.6 16.9 42.6 18.2 2.7 16.9 42.7 18.3 2.7 17.0 42.9 18.4 2.7 17.0 43.1 18.5 2.7 79.2 79.3 79.5 79.7 79.9 80.0 80.2 80.4 80.6 80.9 81.2 1.7 2.2 1.7 2.2 1.7 2.2 1.7 2.3 1.7 2.3 1.8 2.3 1.8 2.3 1.8 2.4 1.8 2.4 1.8 2.4 1.8 2.4 3.9 4.0 4.0 4.0 4.0 4.1 4.1 4.1 4.2 4.2 4.2 (Kilograms) 59.7 6.6 33.9 Note: Carcass weight basis for beef and veal and pork consumption and ready-to-cook equivalent for broiler and poultry consumption. World Meat: FAPRI 2010 Agricultural Outlook / 363 Per Capita Meat Consumption of Selected Countries (continued) Indonesia Beef and Veal Pork Broiler Lamb Total Japan Beef and Veal - All Wagyu Dairy Import Pork Broiler Total Mexico Beef and Veal Pork Broiler Total New Zealand Beef and Veal Pork Broiler Total Other Eastern Europe Beef and Veal Pork Poultry Total Other CIS Beef and Veal Pork Poultry Total Paraguay Beef and Veal Pork Broiler Total Philippines Beef and Veal Pork Broiler Total Russia Beef and Veal Pork Broiler Total 2009 2010 2011 2012 2013 2.0 2.4 3.7 0.3 2.0 2.4 3.8 0.3 2.0 2.5 3.9 0.3 2.1 2.5 4.0 0.3 2.1 2.5 4.1 0.3 8.4 8.5 8.7 8.9 9.0 9.4 1.7 2.4 5.2 19.7 15.5 9.8 1.8 2.3 5.7 19.6 15.4 10.0 1.9 2.2 5.9 19.6 15.5 10.2 1.9 2.2 6.1 19.8 15.6 44.5 44.8 45.1 16.7 14.8 29.3 16.9 14.9 29.6 60.8 2014 2015 2016 2017 2018 2019 2.2 2.5 4.2 0.3 2.3 2.5 4.3 0.4 2.4 2.6 4.4 0.4 2.4 2.6 4.4 0.4 2.5 2.6 4.5 0.4 9.2 9.3 9.5 9.6 9.8 9.9 10.5 2.0 2.2 6.4 20.2 15.6 10.7 2.0 2.1 6.5 20.6 15.7 10.8 2.0 2.1 6.7 20.9 15.7 10.9 2.0 2.1 6.8 21.1 15.8 11.0 2.0 2.1 6.9 21.3 15.8 11.1 2.0 2.1 6.9 21.4 15.8 11.1 2.1 2.1 7.0 21.5 15.8 45.7 46.4 47.0 47.5 47.8 48.1 48.2 48.4 17.0 15.0 30.2 17.1 15.1 30.6 17.1 15.5 30.8 17.3 15.8 31.1 17.5 16.1 31.3 17.7 16.3 31.6 18.0 16.5 32.1 18.2 16.7 32.5 18.5 16.9 33.0 61.5 62.2 62.8 63.4 64.1 64.9 65.7 66.6 67.5 68.4 28.2 12.3 34.3 28.1 12.8 35.1 27.2 13.2 34.9 26.8 13.6 35.1 26.6 13.8 35.4 26.5 14.0 35.6 26.4 14.2 35.8 26.4 14.4 36.0 26.3 14.6 36.2 26.2 14.8 36.4 26.2 15.0 36.7 74.8 76.0 75.3 75.4 75.8 76.1 76.4 76.7 77.1 77.5 77.9 5.0 4.3 4.6 5.0 4.4 4.7 5.0 4.5 4.7 5.0 4.6 4.8 5.1 4.7 4.9 5.1 4.8 5.0 5.2 4.9 5.1 5.3 4.9 5.2 5.4 5.0 5.3 5.5 5.1 5.4 5.5 5.2 5.5 13.9 14.1 14.2 14.4 14.7 14.9 15.1 15.4 15.7 15.9 16.2 18.6 7.8 6.1 18.7 7.8 6.1 18.7 7.8 6.2 18.8 7.9 6.3 18.9 7.9 6.3 19.0 8.0 6.4 19.1 8.0 6.5 19.2 8.1 6.6 19.3 8.1 6.6 19.4 8.1 6.7 19.5 8.2 6.8 32.5 32.5 32.7 32.9 33.2 33.4 33.7 33.9 34.1 34.3 34.5 34.3 16.5 6.7 34.5 16.3 6.9 34.4 16.2 7.0 34.1 16.2 7.0 33.8 16.4 7.0 33.6 16.5 7.0 33.6 16.6 7.0 33.6 16.7 7.0 33.6 16.7 7.0 33.7 16.7 7.0 33.7 16.6 7.0 57.4 57.7 57.6 57.3 57.1 57.1 57.2 57.2 57.3 57.3 57.4 3.3 12.7 7.8 3.3 12.8 7.9 3.3 13.0 8.0 3.3 13.1 8.1 3.4 13.3 8.3 3.5 13.5 8.4 3.5 13.6 8.5 3.6 13.8 8.6 3.6 13.9 8.7 3.7 14.1 8.8 3.8 14.3 9.0 23.7 24.0 24.3 24.6 24.9 25.3 25.6 25.9 26.3 26.6 27.0 14.1 21.2 19.1 14.6 21.8 19.7 14.5 22.6 20.4 14.6 22.9 21.0 14.7 23.1 21.4 14.7 23.4 21.7 14.8 23.7 22.1 14.9 23.9 22.4 15.0 24.2 22.8 15.1 24.5 23.2 15.1 24.8 23.5 54.4 56.0 57.4 58.4 59.1 59.9 60.6 61.3 62.0 62.7 63.5 (Kilograms) 2.2 2.5 4.1 0.3 Note: Carcass weight basis for beef and veal and pork consumption and ready-to-cook equivalent for broiler and poultry consumption. 364 / World Meat: FAPRI 2010 Agricultural Outlook Per Capita Meat Consumption of Selected Countries (continued) South Africa Beef and Veal Broiler Total South Korea Beef and Veal Pork Broiler Total Taiwan Beef and Veal Pork Broiler Total Thailand Beef and Veal Pork Broiler Total Ukraine Beef and Veal Pork Broiler Total Vietnam Beef and Veal Pork Broiler Total United States Beef and Veal Pork Broiler Total 2009 2010 2011 2012 2013 14.0 28.1 14.1 28.8 14.2 29.4 14.6 30.1 15.0 30.8 42.1 42.8 43.6 44.7 45.8 11.4 29.1 13.6 11.7 29.2 14.2 11.6 29.6 14.6 11.8 30.2 14.8 54.1 55.1 55.8 5.0 41.6 24.9 5.1 41.6 25.9 71.6 2014 2015 2016 2017 2018 2019 15.7 31.9 16.1 32.6 16.4 33.2 16.7 33.9 17.2 34.6 46.7 47.7 48.6 49.6 50.6 51.8 12.0 31.2 14.9 12.2 32.2 15.0 12.4 33.0 15.0 12.7 33.7 15.1 13.0 34.1 15.2 13.3 34.2 15.3 13.7 34.3 15.4 56.8 58.1 59.3 60.4 61.5 62.2 62.9 63.5 5.3 41.7 26.7 5.4 42.3 27.4 5.6 43.4 27.8 5.7 44.4 28.1 5.9 45.3 28.4 6.1 46.1 28.8 6.3 46.7 29.2 6.5 47.1 29.6 6.7 47.5 30.1 72.6 73.7 75.1 76.8 78.3 79.7 81.0 82.1 83.1 84.2 3.0 10.5 12.1 3.1 10.6 12.4 3.1 10.7 12.6 3.1 10.9 12.8 3.2 11.0 12.9 3.3 11.2 13.1 3.3 11.3 13.2 3.4 11.5 13.4 3.5 11.6 13.6 3.5 11.8 13.7 3.6 11.9 13.9 25.7 26.1 26.4 26.8 27.1 27.5 27.9 28.3 28.7 29.0 29.4 9.0 16.1 17.9 8.6 17.2 17.8 8.8 17.7 18.3 9.0 18.3 19.0 9.1 18.9 19.7 9.1 19.5 20.3 9.1 20.0 20.8 9.2 20.5 21.4 9.3 21.0 21.9 9.4 21.4 22.4 9.5 21.9 22.8 42.9 43.6 44.8 46.2 47.6 48.9 50.0 51.1 52.2 53.2 54.3 1.9 21.1 5.9 1.9 20.6 5.8 2.0 20.8 5.9 2.0 21.0 6.0 2.1 21.1 6.0 2.1 21.3 6.1 2.2 21.5 6.1 2.3 21.6 6.2 2.3 21.8 6.2 2.4 22.0 6.3 2.5 22.2 6.3 28.9 28.4 28.7 28.9 29.2 29.5 29.8 30.0 30.3 30.6 31.0 39.8 29.1 42.0 38.6 27.9 43.0 37.9 27.5 43.5 37.2 27.4 43.9 36.8 27.7 44.3 36.5 28.1 44.7 36.6 28.3 45.0 36.8 28.3 45.3 36.9 28.1 45.6 37.0 27.9 45.9 37.0 27.8 46.3 110.9 109.6 108.9 108.6 108.9 109.3 109.9 110.4 110.6 110.8 111.1 (Kilograms) 15.3 31.4 Note: Carcass weight basis for beef and veal and pork consumption and ready-to-cook equivalent for broiler and poultry consumption. WORLD DAIRY PRODUCTS 366 / World Dairy Products: FAPRI 2010 Agricultural Outlook World Butter and Cheese Strong demand and growing incomes boost world milk production. Over the next decade, world milk production increases 23.7%. While the EU and the U.S. are still the major milk producing countries, high production growth is seen in Asia, especially in China and India, as well as in Argentina and Brazil. Growth in milk production facilitates higher dairy product production. Total butter production increases 32.5% over the baseline, with India as the biggest producer, accounting for 90% of the growth. The growth of Indian butter production is driven by rapidly growing domestic demand and a strong world price. Indian butter exports reach a record at the midterm of the baseline and then decrease as more production is absorbed by domestic markets. World butter trade increases 35.5% in next decade. New Zealand, the EU, and Australia remain the world’s largest butter exporters, supplying 82.5% of total butter trade at the end of the baseline. As New Zealand and Australian butter exports rise, EU net exports languish. Russia, a leading importer in the world butter market, gradually increases its butter imports. It accounts for about one-fifth of total world butter imports at the end of the baseline. Driven by economic growth and westernized diets, steady import growth occurs in Asia, especially in China. World total cheese production grows 18.8%, with the U.S. and the EU accounting for about 51.9%. Strong demand drives a 47.5% increase in world cheese trade over the decade. The EU, New Zealand, and Australia are leading exporters, supplying over three-quarters of world cheese trade supply. Because of higher returns from cheese, more milk is diverted into cheese production in the EU. EU cheese production rises 12.1% over the baseline, while butter and milk powder production decrease. Because strong domestic demand in the EU absorbs the growth in cheese production, EU cheese exports decline throughout the baseline. Australian and New Zealand cheese production increase 3.3% and 5.7% annually, respectively. Argentina, Brazil, and Ukraine become increasingly important players in international cheese markets, together accounting for 17.9% of total exports by 2019. Russia and Japan are the leading cheese importers and account for 42.9% of total world imports on average. Sustained by economic and population growth, cheese imports of other Asian countries (China, Indonesia, Malaysia, Philippines, South Korea, Thailand, and Vietnam) increase by 4.5% annually. China’s cheese imports show especially strong growth. Mexican cheese imports rise 46.4% over the baseline. World Dairy Products: FAPRI 2010 Agricultural Outlook / 367 Butter Trade Net Exporters Argentina Australia Canada Colombia European Union India New Zealand Ukraine Uruguay Total Net Exports * Net Importers Algeria Brazil China Egypt Indonesia Japan Malaysia Mexico Peru Philippines Russia Saudi Arabia South Korea Switzerland Thailand United States Venezuela Vietnam Rest of World Total Net Imports Price Oceania Export Price FOB Price N. Europe 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 3 51 -8 -1 75 -16 404 -17 16 6 57 -4 -1 101 3 408 -11 17 6 59 -4 -1 99 10 419 -1 17 6 57 0 -1 94 20 430 3 18 (Thousand Metric Tons) 7 7 8 58 61 66 1 3 4 -1 -2 -2 92 91 90 23 22 19 436 441 445 9 16 21 19 19 20 8 71 5 -3 87 17 449 27 21 9 77 6 -3 84 11 454 34 22 10 84 7 -3 77 6 458 42 23 11 91 9 -4 72 -1 462 49 24 560 605 621 641 661 679 695 711 727 743 758 9 6 34 53 14 24 11 58 1 11 130 39 10 2 14 -11 3 7 92 12 1 39 57 15 24 11 57 1 11 141 42 8 4 15 -14 3 7 143 13 -2 44 59 15 27 12 57 1 11 148 43 7 4 15 -8 3 7 149 14 -2 49 61 15 27 12 58 1 11 154 44 7 4 16 -11 3 8 153 16 -2 55 64 16 28 13 58 2 12 153 46 7 4 17 -14 3 9 158 17 -3 60 66 16 29 13 58 2 12 155 48 7 3 17 -17 3 9 160 18 -3 64 68 16 30 14 59 2 12 156 50 8 3 18 -18 4 10 161 19 -5 68 70 17 30 14 60 2 13 157 51 8 3 18 -20 4 10 163 20 -6 71 72 17 31 15 62 2 13 158 52 8 3 19 -24 4 11 166 21 -8 75 74 17 31 15 64 2 13 159 53 8 3 20 -27 4 11 168 22 -10 79 76 18 32 16 66 2 13 161 55 8 3 20 -30 4 12 167 560 605 621 641 661 679 695 711 727 743 758 2,348 3,400 2,802 3,464 2,804 3,366 2,815 3,250 (U.S. Dollars per Metric Ton) 2,807 2,827 2,878 3,120 3,046 3,091 2,915 3,138 2,972 3,182 3,046 3,227 3,127 3,272 o all positive net exports and negative net imports. * Total net exports are the sum of 2014 368 / World Dairy Products: FAPRI 2010 Agricultural Outlook Cheese Trade Net Exporters Argentina Australia Colombia European Union New Zealand Switzerland Ukraine Uruguay Total Net Exports * Net Importers Algeria Brazil Canada China Egypt Indonesia Japan Malaysia Mexico Peru Philippines Russia Saudi Arabia South Korea Thailand United States Venezuela Vietnam Rest of World Total Net Imports Price Oceania Export Price FOB Price N. Europe 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 39 97 -1 385 280 22 68 44 35 120 -1 391 299 24 70 44 36 128 -1 383 343 24 71 45 40 133 -1 378 377 24 73 46 (Thousand Metric Tons) 42 48 52 141 148 156 -1 -2 -2 371 368 365 397 416 435 25 27 28 75 76 80 47 48 49 53 164 -3 362 453 29 83 50 55 173 -4 358 471 29 86 51 59 182 -5 353 484 29 89 52 63 191 -5 349 497 29 92 54 934 982 1,044 1,091 1,127 1,173 1,216 1,257 1,300 1,339 1,378 24 3 17 77 12 9 185 8 68 4 13 290 94 50 2 30 5 1 42 25 0 17 77 14 9 184 8 67 4 15 293 96 52 3 25 5 1 85 27 -14 17 78 16 10 187 9 72 6 15 297 99 53 3 22 6 1 124 28 -20 17 83 18 10 190 9 75 8 16 306 101 55 3 16 9 1 143 30 -29 18 89 19 10 193 10 76 11 16 306 104 56 3 13 11 1 160 31 -40 18 97 21 11 195 10 77 13 17 308 107 58 3 9 14 1 181 33 -51 18 102 23 11 198 11 83 15 17 312 110 59 3 6 17 2 195 34 -62 18 111 24 11 202 11 91 17 18 315 112 60 3 2 19 2 203 35 -73 18 120 25 12 204 12 96 18 19 319 116 61 4 -3 22 2 215 36 -82 18 129 26 12 206 12 100 20 19 322 119 62 4 -8 25 2 224 37 -92 18 138 27 12 207 12 100 21 20 327 122 62 4 -12 28 2 235 934 982 1,044 1,091 1,127 1,173 1,216 1,257 1,300 1,339 1,378 2,958 3,535 3,423 3,682 3,480 3,715 3,546 3,787 (U.S. Dollars per Metric Ton) 3,598 3,641 3,699 3,843 3,880 3,923 3,770 3,980 3,839 4,026 3,912 4,085 3,997 4,147 o all positive net exports and negative net imports. * Total net exports are the sum of 2014 World Dairy Products: FAPRI 2010 Agricultural Outlook / 369 World Milk Powder Over the next decade, world NFD and WMP production increase 17.5% and 32.3%, respectively. Milk powder production increases in most countries except in the EU. Stimulated by strong import demand, especially from Asia, Australian and New Zealand NFD and WMP production increase 3.2% and 1.1% annually, respectively, in the next decade. Driven by strong world demand and prices, the Argentine and Brazilian dairy sectors expand over the baseline. Argentine WMP production increases 41.8% and WMP exports increase roughly 44%. Improved domestic economic conditions and favorable government policies boost Brazilian dairy production, which enables Brazil to become a rising exporter in the world milk powder markets. Australia, New Zealand, the EU, and the U.S. captured over 90% of the NFD export market in 2009. Their combined market share declines slightly over the baseline, as NFD exports from other countries, such as India, Ukraine, and Brazil, increase. Asian countries, Algeria, and Mexico are major importers and increase their NFD imports steadily over the projection period. WMP trade grows 18.9% over the baseline. While EU WMP exports decrease by 34.5%, Australia, New Zealand, and Argentina expand their exports, respectively, by 58.3%, 5.1%, and 44%. Brazil, as an emerging exporter, significantly increases its exports over the baseline. Major importers Algeria, Venezuela, and Asian countries steadily increase their WMP imports. Southeast Asia (Indonesia, Malaysia, Philippines, Thailand, and Vietnam) keeps its NFD imports strong, accounting for about 40% of total world NFD imports. China and Japan together account for about 12% of the NFD import market by the end of the baseline. Southeast Asian WMP imports rise 3.3% annually throughout the baseline. Chinese WMP exports are negatively affected by the milk scandal for the next couple of years. Over the long run, as domestic WMP production expands and as consumers substitute more fluid milk for reconstituted milk powder, Chinese WMP exports expand. 370 / World Dairy Products: FAPRI 2010 Agricultural Outlook Nonfat Dry Milk Trade T Net Exporters Argentina Australia Canada Colombia European Union India New Zealand Switzerland Ukraine United States Uruguay Total Net Exports * Net Importers Algeria Brazil China Egypt Indonesia Japan Malaysia Mexico Peru Philippines Russia Saudi Arabia South Korea Thailand Venezuela Vietnam Rest of World Total Net Imports Price Oceania Export Price FOB Price N. Europe 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 15 162 7 1 160 31 317 10 14 235 12 17 163 8 1 224 36 326 10 19 278 13 18 163 14 1 217 42 337 10 22 321 14 19 161 15 1 213 48 349 10 27 338 15 (Thousand Metric Tons) 20 21 22 161 165 172 13 12 11 1 0 0 214 219 220 55 63 73 358 365 371 10 10 10 32 38 44 349 358 364 16 17 18 22 180 8 0 222 83 375 10 51 371 19 23 190 6 -1 223 95 381 10 58 377 20 24 201 4 -1 223 107 387 10 65 385 21 25 213 2 -1 223 120 393 11 72 394 23 964 1,098 1,162 1,202 1,239 1,281 1,324 1,372 1,421 1,476 1,535 91 10 65 33 173 35 51 128 8 90 35 25 8 75 7 54 76 92 -2 70 34 178 28 53 133 9 80 43 29 10 77 7 54 200 96 -3 82 35 185 30 55 136 10 89 50 32 8 78 7 56 213 100 -6 88 36 192 31 56 137 10 91 57 35 8 80 7 59 214 105 -12 93 37 198 33 58 137 11 93 62 38 7 82 7 61 217 109 -13 99 38 205 36 60 139 12 95 64 41 7 84 7 62 222 113 -20 106 39 212 39 62 141 12 97 66 45 6 86 7 64 228 117 -29 112 40 220 42 65 143 13 99 68 48 6 89 8 66 236 120 -38 120 41 227 45 67 148 14 102 70 52 6 91 8 68 243 123 -49 127 42 235 48 69 151 14 104 72 55 6 94 8 70 257 126 -60 134 42 241 50 71 154 15 106 74 59 6 97 8 72 277 964 1,098 1,162 1,202 1,239 1,281 1,324 1,372 1,421 1,476 1,535 2,278 2,476 2,682 2,819 2,775 2,866 2,898 2,975 (U.S. Dollars per Metric Ton) 2,982 3,051 3,102 3,064 3,145 3,209 3,158 3,268 3,198 3,310 3,254 3,359 3,319 3,427 * Total net exports are the sum of o all positive net exports and negative net imports. 2014 World Dairy Products: FAPRI 2010 Agricultural Outlook / 371 Whole Milk Powd der Trade 2009 2010 2011 2012 153 126 0 -1 465 784 3 34 169 126 0 5 459 787 14 36 178 133 0 9 447 792 15 38 183 141 0 13 406 794 16 41 1,565 1,596 1,625 1,623 1,650 1,677 180 52 153 41 46 101 31 11 9 26 48 3 39 94 35 694 175 16 93 43 46 104 37 13 10 29 51 4 41 95 36 804 179 -13 55 45 46 106 42 14 11 33 54 4 42 95 38 862 182 -23 -6 47 47 109 45 15 12 35 57 4 43 96 39 891 186 -34 -29 49 49 112 47 16 13 37 60 4 44 97 40 895 Total Net Imports 1,565 1,596 1,625 1,623 1,650 Price Oceania Export Price FOB Price N. Europe 2,418 2,825 2,842 3,056 2,885 3,074 2,960 3,129 Net Exporters Argentina Australia Canada Colombia European Union New Zealand Ukraine Uruguay Total Net Exports * Net Importers Algeria Brazil China Egypt Indonesia Malaysia Mexico Peru Philippines Russia Saudi Arabia South Korea Thailand Venezuela Vietnam Rest of World 2013 2015 2016 2017 2018 2019 (Thousand Metric Tons) 191 195 200 147 154 161 0 0 0 15 16 15 374 356 343 801 808 814 18 19 21 43 44 46 205 170 0 14 330 817 23 47 209 179 0 12 321 819 24 49 214 188 0 11 318 822 26 51 220 199 0 12 305 824 28 53 1,713 1,755 1,792 1,825 1,860 190 -44 -43 51 50 115 51 18 14 38 63 5 46 99 41 899 193 -60 -54 53 52 118 55 19 15 40 66 5 47 101 43 908 197 -77 -71 54 54 121 60 20 16 41 69 5 48 102 45 922 200 -96 -83 56 57 124 65 22 17 42 72 5 50 104 48 930 203 -113 -82 58 60 126 70 23 19 43 75 5 51 106 51 934 206 -130 -88 60 62 129 75 25 20 44 77 5 52 107 54 943 1,677 1,713 1,755 1,792 1,825 1,860 (U.S. Dollars per Metric Ton) 3,022 3,081 3,130 3,179 3,246 3,302 3,196 3,367 3,238 3,404 3,301 3,456 3,375 3,540 * Total net exports are the sum of o all positive net exports and negative net imports. 2014 372 / World Dairy Products: FAPRI 2010 Agricultural Outlook U.S. Dairy Supply y and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Milk Cow Numbers 9,200 9,015 8,950 8,923 (Thousand Head) 8,904 8,890 8,880 8,874 8,870 8,869 8,873 Milk Production per Cow 9,331 9,481 9,667 9,799 9,929 10,183 10,303 10,419 10,535 10,651 Cow Milk Production Fluid Milk Consumption Other Disappearance 85,847 27,700 58,147 85,472 27,871 57,600 86,521 27,997 58,525 87,437 28,204 59,233 (Thousand Metric Tons) 88,413 89,405 90,429 28,362 28,579 28,823 60,051 60,826 61,607 91,426 29,044 62,382 92,420 29,249 63,170 93,437 29,463 63,974 94,503 29,691 64,812 Butter Production Beginning Stocks Domestic Supply 708 54 762 704 64 768 713 33 746 722 32 753 728 32 760 733 33 766 737 33 770 741 33 775 746 33 780 752 34 785 757 34 791 Consumption Shipments Ending Stocks Domestic Use 687 1 64 752 720 1 33 754 706 1 32 739 710 1 32 743 713 1 33 747 716 1 33 750 718 1 33 752 721 1 33 755 722 1 34 757 724 1 34 759 727 1 34 762 11 14 8 11 14 17 18 20 24 27 30 Cheese Production Beginning Stocks Domestic Supply 4,583 386 4,969 4,613 451 5,065 4,703 409 5,112 4,756 413 5,169 4,835 389 5,224 4,907 395 5,302 4,981 402 5,383 5,055 409 5,464 5,128 416 5,544 5,202 424 5,626 5,279 432 5,711 Consumption Shipments Ending Stocks Domestic Use 4,547 33 451 5,032 4,680 33 409 5,123 4,722 33 413 5,168 4,796 33 389 5,218 4,842 33 395 5,270 4,909 33 402 5,345 4,981 33 409 5,423 5,049 33 416 5,499 5,117 33 424 5,575 5,187 33 432 5,652 5,259 33 439 5,732 -30 -25 -22 -16 -13 -9 -6 -2 3 8 12 Nonfat Dry Milk Production Beginning Stocks Domestic Supply 778 112 890 749 82 831 775 49 824 788 50 838 800 51 851 812 51 864 823 52 875 834 53 887 845 54 898 857 54 911 870 55 925 Consumption Shipments Ending Stocks Domestic Use 574 0 82 655 504 0 49 553 454 0 50 504 449 0 51 500 451 0 51 502 454 0 52 506 458 0 53 511 462 0 54 516 467 0 54 522 471 0 55 526 475 0 56 531 235 278 321 338 349 358 364 371 377 385 394 282 2,740 2,857 2,190 363 3,027 3,714 2,709 379 3,216 3,814 2,826 383 3,214 3,838 2,934 (U.S. Dollars per Metric Ton) 388 392 399 3,200 3,226 3,294 3,871 3,908 3,963 3,009 3,069 3,115 404 3,345 4,005 3,165 407 3,391 4,027 3,199 411 3,442 4,054 3,248 415 3,483 4,085 3,303 Net Trade Net Trade Net Trade Prices All Milk Butter Wholesale Cheese Wholesale Nonfat Dry Milk Wholesale 2014 (Kilograms) 10,056 World Dairy Products: FAPRI 2010 Agricultural Outlook / 373 Algerian Dairy Su upply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 951 1,094 1,233 1,319 (Thousand Head) 1,404 1,510 1,618 1,723 1,822 1,923 2,021 Milk Production per Cow 1,603 1,618 1,633 1,648 1,663 1,693 1,708 1,723 1,738 1,753 Cow Milk Production Fluid Milk Consumption Manufacturing Use 1,524 1,481 118 1,771 1,498 120 2,013 1,516 121 2,175 1,534 121 (Thousand Metric Tons) 2,336 2,534 2,739 1,551 1,569 1,586 122 122 123 2,943 1,603 124 3,139 1,620 125 3,342 1,636 126 3,543 1,653 127 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 9 1 10 12 1 13 13 1 14 14 1 15 16 1 17 17 1 18 18 1 19 19 1 20 20 1 21 21 1 22 22 1 23 -9 -12 -13 -14 -16 -17 -18 -19 -20 -21 -22 Cheese Production Beginning Stocks Domestic Supply 13 1 14 13 1 14 13 1 14 13 1 14 13 1 14 13 1 14 14 1 15 14 1 15 14 1 15 14 1 15 14 1 15 Consumption Ending Stocks Domestic Use 37 1 38 38 1 39 40 1 41 41 1 42 43 1 44 45 1 46 46 1 47 48 1 49 49 1 50 50 1 51 51 1 52 -24 -25 -27 -28 -30 -31 -33 -34 -35 -36 -37 0 14 14 0 19 19 0 19 19 0 19 19 0 19 19 0 19 19 0 19 19 0 19 19 0 19 19 0 19 19 0 19 19 86 19 105 92 19 111 96 19 115 100 19 119 105 19 124 109 19 128 113 19 132 117 19 136 120 19 139 123 19 142 126 19 145 -91 -92 -96 -100 -105 -109 -113 -117 -120 -123 -126 0 2 2 0 10 10 0 10 10 0 10 10 0 10 10 0 10 10 0 10 10 0 10 10 0 10 10 0 10 10 0 10 10 172 10 182 175 10 185 179 10 189 182 10 192 186 10 196 190 10 200 193 10 203 197 10 207 200 10 210 203 10 213 206 10 216 -180 -175 -179 -182 -186 -190 -193 -197 -200 -203 -206 Milk Cow Numbers Butter Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2014 (Kilograms) 1,678 374 / World Dairy Products: FAPRI 2010 Agricultural Outlook Argentine Dairy Supply S and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Milk Cow Numbers 2,100 2,126 2,161 2,182 (Thousand Head) 2,209 2,242 2,269 2,292 2,314 2,338 2,363 Milk Production per Cow 4,810 4,875 4,940 5,005 5,070 5,200 5,265 5,330 5,395 5,460 Cow Milk Production Fluid Milk Consumption Manufacturing Use 10,100 1,980 8,100 10,361 2,028 8,313 10,676 2,077 8,579 10,919 2,135 8,764 (Thousand Metric Tons) 11,200 11,512 11,800 2,197 2,256 2,316 8,983 9,236 9,464 12,067 2,378 9,669 12,333 2,440 9,873 12,611 2,500 10,091 12,899 2,562 10,318 Butter Production Beginning Stocks Domestic Supply 45 0 45 47 0 47 48 0 48 50 0 50 51 0 51 53 0 53 54 0 54 55 0 55 57 0 57 58 0 58 60 0 60 Consumption Ending Stocks Domestic Use 42 0 42 41 0 41 42 0 42 43 0 43 44 0 44 45 0 45 46 0 46 47 0 47 48 0 48 48 0 48 48 0 48 3 6 6 6 7 7 8 8 9 10 11 Cheese Production Beginning Stocks Domestic Supply 534 39 573 541 34 575 552 34 586 570 34 604 589 34 623 611 34 645 630 34 664 647 34 681 664 34 698 681 34 715 699 34 733 Consumption Ending Stocks Domestic Use 500 34 534 507 34 541 516 34 550 531 34 565 547 34 581 563 34 597 578 34 612 594 34 628 608 34 642 622 34 656 636 34 670 39 35 36 40 42 48 52 53 55 59 63 Nonfat Dry Milk Production Beginning Stocks Domestic Supply 25 7 32 27 7 34 29 7 36 31 7 38 32 7 39 34 7 41 36 7 43 37 7 44 39 7 46 40 7 47 42 7 49 Consumption Ending Stocks Domestic Use 10 7 17 11 7 18 11 7 18 12 7 19 12 7 19 13 7 20 14 7 21 15 7 22 15 7 22 16 7 23 17 7 24 15 17 18 19 20 21 22 22 23 24 25 222 20 242 241 19 260 252 19 271 260 19 279 270 19 289 276 19 295 285 19 304 292 19 311 299 19 318 307 19 326 315 19 334 70 19 89 72 19 91 74 19 93 77 19 96 79 19 98 82 19 101 85 19 104 88 19 107 90 19 109 92 19 111 95 19 114 153 169 178 183 191 195 200 205 209 214 220 Net Trade Net Trade Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2014 (Kilograms) 5,135 World Dairy Products: FAPRI 2010 Agricultural Outlook / 375 Australian Dairy Supply S and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Milk Cow Numbers 1,683 1,670 1,686 1,706 (Thousand Head) 1,713 1,724 1,739 1,756 1,775 1,796 1,817 Milk Production per Cow 5,718 5,912 6,022 6,096 6,174 6,332 6,411 6,490 6,571 6,652 Cow Milk Production Fluid Milk Consumption Manufacturing Use 9,620 2,329 7,228 9,875 2,354 7,458 10,155 2,372 7,720 10,397 2,397 7,937 (Thousand Metric Tons) 10,574 10,783 11,013 2,420 2,444 2,467 8,090 8,276 8,483 11,260 2,490 8,707 11,522 2,512 8,947 11,798 2,533 9,202 12,089 2,553 9,473 Butter Production Beginning Stocks Domestic Supply 132 21 152 125 33 158 126 33 159 127 31 158 128 31 158 131 30 162 137 30 166 142 29 171 149 29 178 156 28 184 163 28 191 Consumption Ending Stocks Domestic Use 68 33 101 68 33 101 69 31 100 69 31 100 70 30 100 70 30 100 71 29 100 71 29 100 72 28 100 72 28 100 73 27 100 51 57 59 57 58 61 66 71 77 84 91 Cheese Production Beginning Stocks Domestic Supply 325 27 352 334 40 373 345 37 382 357 36 394 370 37 407 383 37 419 396 37 433 409 37 446 423 36 459 436 36 472 450 36 486 Consumption Ending Stocks Domestic Use 215 40 255 217 37 253 218 36 254 224 37 261 229 37 266 235 37 271 240 37 276 245 36 282 250 36 286 255 36 291 259 35 295 97 120 128 133 141 148 156 164 173 182 191 Nonfat Dry Milk Production Beginning Stocks Domestic Supply 219 52 271 205 60 264 210 52 262 210 51 261 209 51 260 215 51 265 223 52 274 231 54 285 241 56 297 253 58 311 265 61 326 Consumption Ending Stocks Domestic Use 49 60 109 49 52 101 49 51 99 49 51 99 49 51 99 49 52 100 49 54 102 49 56 105 49 58 107 49 61 110 49 64 113 162 163 163 161 161 165 172 180 190 201 213 144 19 163 154 10 164 161 10 171 169 10 179 176 10 186 184 10 194 192 10 202 201 10 211 210 10 220 221 10 231 231 10 241 27 10 37 28 10 38 28 10 38 28 10 38 29 10 39 30 10 40 30 10 40 31 10 41 32 10 42 32 10 42 33 10 43 126 126 133 141 147 154 161 170 179 188 199 38 223 38 223 40 233 40 233 (Australian Cents per Hectoliter) 41 42 42 236 239 242 43 245 44 248 45 252 46 256 3,097 3,901 3,005 3,190 3,195 3,902 3,058 3,240 3,384 4,200 3,348 3,482 3,500 4,527 3,792 3,838 3,582 4,627 3,854 3,903 3,691 4,740 3,943 4,000 3,810 4,869 4,043 4,112 Net Trade Net Trade Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Milk Farm Prices Fluid Milk Average Retail Milk Export Prices Butter Cheese NFD WMP 2014 (Kilograms) 6,253 (Australian Dollars per Metric Ton) 3,336 3,335 3,371 3,443 4,203 4,275 4,342 4,426 3,435 3,544 3,638 3,712 3,508 3,590 3,674 3,746 376 / World Dairy Products: FAPRI 2010 Agricultural Outlook Brazilian Dairy Supply S and Utilization 2009 2010 2011 2012 2015 2016 2017 2018 2019 21,694 20,926 21,555 22,073 (Thousand Head) 22,483 22,849 23,218 23,570 23,917 24,261 24,602 Milk Production per Cow 1,289 1,337 1,349 1,361 1,419 1,440 1,460 1,481 1,502 Cow Milk Production Fluid Milk Consumption Manufacturing Use 27,968 10,075 18,390 27,981 10,384 18,095 29,067 10,652 18,912 30,047 10,923 19,621 (Thousand Metric Tons) 31,000 31,979 32,950 11,181 11,433 11,683 20,317 21,044 21,765 33,931 11,934 22,495 34,925 12,187 23,236 35,926 12,442 23,982 36,942 12,700 24,740 Butter Production Beginning Stocks Domestic Supply 76 0 76 82 0 82 86 0 86 87 0 87 89 0 89 90 0 90 92 0 92 94 0 94 97 0 97 99 0 99 102 0 102 Consumption Ending Stocks Domestic Use 82 0 82 83 0 83 84 0 84 85 0 85 86 0 86 88 0 88 88 0 88 90 0 90 91 0 91 91 0 91 92 0 92 -6 -1 2 2 2 3 3 5 6 8 10 Cheese Production Beginning Stocks Domestic Supply 614 0 614 647 0 647 690 0 690 729 0 729 758 0 758 790 0 790 821 0 821 852 0 852 884 0 884 915 0 915 947 0 947 Consumption Ending Stocks Domestic Use 617 0 617 647 0 647 676 0 676 709 0 709 729 0 729 750 0 750 770 0 770 791 0 791 812 0 812 833 0 833 855 0 855 -3 0 14 20 29 40 51 62 73 82 92 Nonfat Dry Milk Production Beginning Stocks Domestic Supply 125 0 125 139 0 139 143 0 143 152 0 152 163 0 163 170 0 170 182 0 182 198 0 198 213 0 213 230 0 230 248 0 248 Consumption Ending Stocks Domestic Use 135 0 135 137 0 137 141 0 141 146 0 146 151 0 151 157 0 157 163 0 163 169 0 169 175 0 175 181 0 181 188 0 188 -10 2 3 6 12 13 20 29 38 49 60 Whole Milk Powder Production Beginning Stocks Domestic Supply 473 0 473 530 0 530 576 0 576 604 0 604 630 0 630 654 0 654 684 0 684 716 0 716 751 0 751 784 0 784 816 0 816 Consumption Ending Stocks Domestic Use 525 0 525 546 0 546 563 0 563 582 0 582 596 0 596 610 0 610 624 0 624 638 0 638 655 0 655 671 0 671 686 0 686 -52 -16 13 23 34 44 60 77 96 113 130 Milk Cow Numbers Net Trade Net Trade Net Trade Net Trade 2013 1,379 2014 (Kilograms) 1,400 World Dairy Products: FAPRI 2010 Agricultural Outlook / 377 Canadian Dairy S Supply and Utilization 2009 2010 2011 2012 978 970 966 960 Milk Production per Cow 8,384 8,446 8,510 8,623 8,736 Cow Milk Production Fluid Milk Consumption Manufacturing Use 8,200 3,080 4,725 8,193 3,115 4,686 8,217 3,117 4,710 8,276 3,119 4,770 82 14 96 85 15 100 87 14 100 90 14 103 90 13 103 91 13 105 89 15 104 91 14 104 91 14 104 90 13 103 89 13 102 -8 -4 -4 0 Cheese Production Beginning Stocks Domestic Supply 280 59 339 285 46 331 289 46 336 Consumption Ending Stocks Domestic Use 310 46 356 314 46 360 -17 Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Milk Cow Numbers Butter Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Net Trade Prices Industrial Milk, Target Fluid Milk Butter Support NFD Support 2013 2014 2015 2016 2017 2018 2019 918 903 887 872 858 8,961 9,073 9,185 9,298 9,411 (Thousand Metric Tons) 8,269 8,255 8,230 3,120 3,119 3,117 4,767 4,760 4,742 8,193 3,114 4,715 8,150 3,111 4,682 8,109 3,108 4,650 8,070 3,105 4,620 92 13 106 93 13 106 93 13 106 94 13 107 95 13 108 89 13 102 88 13 101 88 13 101 87 13 100 87 13 100 86 13 99 1 3 4 5 6 7 9 294 47 340 299 47 345 303 47 350 308 47 355 312 48 360 317 48 365 322 48 371 327 49 376 318 47 364 322 47 369 326 47 373 330 47 377 334 48 381 337 48 385 341 48 389 345 49 393 348 49 397 -17 -17 -17 -18 -18 -18 -18 -18 -18 -18 80 29 109 89 32 121 91 39 130 94 40 134 93 40 133 94 40 134 93 40 133 92 40 132 92 40 131 91 39 130 90 39 129 70 32 102 74 39 114 77 40 116 79 40 119 80 40 120 81 40 121 83 40 123 84 40 124 86 39 125 87 39 126 89 39 128 7 8 14 15 13 12 11 8 6 4 2 74.64 83.94 74.60 83.90 76.22 85.39 77.88 86.90 (Canadian Dollars per Hectoliter) 79.60 81.36 83.15 88.48 90.08 91.72 84.98 93.39 86.84 95.10 88.74 96.84 90.69 98.61 7.10 6.18 7.10 6.18 7.23 6.31 7.35 6.45 (Canadian Dollars per Kilogram) 7.48 7.61 7.74 6.59 6.73 6.87 7.88 7.02 8.01 7.17 8.15 7.32 8.30 7.48 (Thousand Head) 947 933 (Kilograms) 8,848 378 / World Dairy Products: FAPRI 2010 Agricultural Outlook Chinese Dairy Su upply and Utilization 2009 2010 2011 2012 2015 2016 2017 2018 2019 18,527 19,085 19,626 20,093 (Thousand Head) 20,506 20,878 21,227 21,561 21,888 22,206 22,521 Milk Production per Cow 1,599 2,113 2,173 2,236 2,437 2,510 2,582 2,656 2,734 Cow Milk Production Fluid Milk Consumption Manufacturing Use 29,625 15,007 14,966 40,320 16,503 23,974 42,644 18,482 24,275 44,918 20,696 24,295 (Thousand Metric Tons) 47,116 49,396 51,729 23,258 26,097 29,190 23,892 23,297 22,501 54,117 32,529 21,514 56,503 36,216 20,179 58,977 40,232 18,602 61,578 44,350 17,049 Butter Production Beginning Stocks Domestic Supply 104 0 104 105 0 105 107 0 107 109 0 109 112 0 112 114 0 114 117 0 117 119 0 119 121 0 121 124 0 124 126 0 126 Consumption Ending Stocks Domestic Use 138 0 138 144 0 144 151 0 151 158 0 158 166 0 166 174 0 174 180 0 180 187 0 187 193 0 193 199 0 199 205 0 205 -34 -39 -44 -49 -55 -60 -64 -68 -71 -75 -79 Cheese Production Beginning Stocks Domestic Supply 272 0 272 280 0 280 290 0 290 297 0 297 304 0 304 309 0 309 318 0 318 323 0 323 328 0 328 333 0 333 337 0 337 Consumption Ending Stocks Domestic Use 325 0 325 333 0 333 344 0 344 356 0 356 369 0 369 382 0 382 396 0 396 410 0 410 424 0 424 437 0 437 451 0 451 -77 -77 -78 -83 -89 -97 -102 -111 -120 -129 -138 54 0 54 55 0 55 57 0 57 61 0 61 64 0 64 68 0 68 72 0 72 77 0 77 81 0 81 85 0 85 89 0 89 119 0 119 125 0 125 138 0 138 148 0 148 158 0 158 168 0 168 178 0 178 189 0 189 200 0 200 211 0 211 223 0 223 -65 -70 -82 -88 -93 -99 -106 -112 -120 -127 -134 Whole Milk Powder Production Beginning Stocks Domestic Supply 977 120 1,097 973 110 1,093 1,157 0 1,277 1,265 0 1,385 1,336 0 1,456 1,405 0 1,525 1,479 0 1,599 1,549 0 1,669 1,607 0 1,727 1,650 0 1,770 1,700 0 1,820 Consumption Ending Stocks Domestic Use 1,140 110 1,250 1,177 0 1,177 1,212 0 1,212 1,258 0 1,258 1,307 0 1,307 1,362 0 1,362 1,425 0 1,425 1,478 0 1,478 1,524 0 1,524 1,569 0 1,569 1,611 0 1,611 -153 -93 -55 6 29 43 54 71 83 82 88 Milk Cow Numbers Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade 2013 2,298 2014 (Kilograms) 2,366 World Dairy Products: FAPRI 2010 Agricultural Outlook / 379 Colombian Dairy y Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Milk Cow Numbers 7,106 7,245 7,396 7,551 (Thousand Head) 7,706 7,850 7,985 8,113 8,230 8,342 8,457 Milk Production per Cow 1,016 1,018 1,022 1,024 1,026 1,030 1,032 1,033 1,034 1,036 Cow Milk Production Fluid Milk Consumption Manufacturing Use 7,221 5,427 1,191 7,377 5,522 1,272 7,556 5,638 1,333 7,734 5,762 1,384 (Thousand Metric Tons) 7,910 8,071 8,227 5,892 6,021 6,155 1,427 1,456 1,472 8,371 6,294 1,489 8,501 6,434 1,492 8,626 6,568 1,504 8,765 6,700 1,531 Butter Production Beginning Stocks Domestic Supply 22 0 22 22 0 22 23 0 23 23 0 23 23 0 23 24 0 24 24 0 24 24 0 24 24 0 24 24 0 24 24 0 24 Consumption Ending Stocks Domestic Use 22 0 22 23 0 23 23 0 23 24 0 24 25 0 25 25 0 25 26 0 26 26 0 26 27 0 27 27 0 27 28 0 28 -1 -1 -1 -1 -1 -2 -2 -3 -3 -3 -4 Cheese Production Beginning Stocks Domestic Supply 58 0 58 58 0 58 59 0 59 60 0 60 61 0 61 62 0 62 62 0 62 63 0 63 63 0 63 63 0 63 64 0 64 Consumption Ending Stocks Domestic Use 58 0 58 59 0 59 60 0 60 61 0 61 62 0 62 63 0 63 64 0 64 66 0 66 67 0 67 68 0 68 69 0 69 -1 -1 -1 -1 -1 -2 -2 -3 -4 -5 -5 10 0 10 10 0 10 10 0 10 10 0 10 11 0 11 11 0 11 11 0 11 11 0 11 11 0 11 11 0 11 11 0 11 9 0 9 9 0 9 9 0 9 10 0 10 10 0 10 10 0 10 11 0 11 11 0 11 11 0 11 12 0 12 12 0 12 1 1 1 1 1 0 0 0 -1 -1 -1 Whole Milk Powder Production Beginning Stocks Domestic Supply 36 8 44 44 8 52 50 8 58 55 8 63 59 8 67 62 8 70 63 8 71 64 8 72 64 8 72 65 8 73 68 8 76 Consumption Ending Stocks Domestic Use 37 8 45 39 8 47 40 8 48 42 8 50 44 8 52 46 8 54 48 8 56 50 8 58 52 8 60 54 8 62 55 8 63 -1 5 9 13 15 16 15 14 12 11 12 Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade 2014 (Kilograms) 1,028 380 / World Dairy Products: FAPRI 2010 Agricultural Outlook Egyptian Dairy Supply Su and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 1,635 1,645 1,652 1,669 (Thousand Head) 1,688 1,702 1,724 1,745 1,761 1,772 1,784 982 1,015 1,065 1,122 1,179 1,295 1,361 1,425 1,490 1,556 1,606 1,694 2,110 1,670 1,786 2,146 1,760 1,884 2,222 1,873 1,974 2,303 (Thousand Metric Tons) 1,990 2,102 2,233 2,043 2,111 2,178 2,394 2,471 2,561 2,375 2,233 2,672 2,510 2,293 2,770 2,641 2,352 2,862 2,776 2,411 2,959 6 0 6 6 0 6 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 6 0 6 6 0 6 6 0 6 6 0 6 59 0 59 62 0 62 64 0 64 66 0 66 69 0 69 71 0 71 73 0 73 76 0 76 78 0 78 80 0 80 82 0 82 -53 -57 -59 -61 -64 -66 -68 -70 -72 -74 -76 Cheese Production Beginning Stocks Domestic Supply 441 0 441 456 0 456 474 0 474 491 0 491 508 0 508 526 0 526 543 0 543 560 0 560 578 0 578 596 0 596 615 0 615 Consumption Ending Stocks Domestic Use 453 0 453 470 0 470 490 0 490 509 0 509 527 0 527 546 0 546 566 0 566 584 0 584 603 0 603 622 0 622 641 0 641 -12 -14 -16 -18 -19 -21 -23 -24 -25 -26 -27 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33 0 33 34 0 34 35 0 35 36 0 36 37 0 37 38 0 38 39 0 39 40 0 40 41 0 41 42 0 42 42 0 42 -33 -34 -35 -36 -37 -38 -39 -40 -41 -42 -42 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41 0 41 43 0 43 45 0 45 47 0 47 49 0 49 51 0 51 53 0 53 54 0 54 56 0 56 58 0 58 60 0 60 -41 -43 -45 -47 -49 -51 -53 -54 -56 -58 -60 Milk Cow Numbers Milk Production per Cow Cow Milk Production Fluid Milk Consumption Manufacturing Use Butter Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2014 (Kilograms) 1,235 World Dairy Products: FAPRI 2010 Agricultural Outlook / 381 European Union Dairy Supply and Utilization 2009 2010 2011 2012 2015 2016 2017 2018 2019 24,248 24,092 23,950 23,761 (Thousand Head) 23,564 23,483 23,292 23,084 22,871 22,661 22,461 5,518 5,609 5,664 5,722 5,910 5,976 6,041 6,108 6,176 133,800 33,800 103,872 135,132 33,013 106,014 135,665 32,782 106,802 135,954 32,687 107,210 (Thousand Metric Tons) 136,200 137,227 137,652 32,575 32,446 32,257 107,591 108,771 109,409 137,948 32,076 109,910 138,157 31,913 110,307 138,418 31,716 110,791 138,707 31,510 111,310 Butter Production Beginning Stocks Domestic Supply 2,090 53 2,143 2,021 130 2,151 2,011 121 2,131 2,004 107 2,110 1,996 96 2,091 1,985 87 2,071 1,981 70 2,050 1,976 51 2,027 1,974 32 2,005 1,970 15 1,985 1,967 6 1,972 Consumption Ending Stocks Domestic Use 1,938 130 2,068 1,929 121 2,050 1,926 107 2,032 1,920 96 2,016 1,913 87 1,999 1,911 70 1,981 1,910 51 1,961 1,909 32 1,940 1,907 15 1,921 1,902 6 1,907 1,897 3 1,900 75 101 99 94 92 91 90 87 84 77 72 Cheese Production Beginning Stocks Domestic Supply 6,730 0 6,730 6,813 0 6,813 6,884 0 6,884 6,955 0 6,955 7,024 0 7,024 7,101 0 7,101 7,194 0 7,194 7,283 0 7,283 7,374 0 7,374 7,460 0 7,460 7,544 0 7,544 Consumption Ending Stocks Domestic Use 6,345 0 6,345 6,422 0 6,422 6,501 0 6,501 6,577 0 6,577 6,654 0 6,654 6,733 0 6,733 6,829 0 6,829 6,921 0 6,921 7,016 0 7,016 7,107 0 7,107 7,196 0 7,196 385 391 383 378 371 368 365 362 358 353 349 1,080 0 1,080 1,024 280 1,304 1,014 260 1,274 987 255 1,242 960 242 1,201 937 212 1,148 921 168 1,089 904 122 1,026 908 69 977 911 31 942 916 10 926 640 280 920 819 260 1,079 802 255 1,057 788 242 1,029 776 212 987 761 168 929 748 122 870 735 69 804 723 31 754 709 10 719 696 8 703 160 224 217 213 214 219 220 222 223 223 223 Whole Milk Powder Production Beginning Stocks Domestic Supply 790 0 790 777 0 777 762 0 762 717 0 717 681 0 681 659 0 659 642 0 642 625 0 625 612 0 612 606 0 606 588 0 588 Consumption Ending Stocks Domestic Use 325 0 325 318 0 318 314 0 314 311 0 311 307 0 307 303 0 303 299 0 299 295 0 295 292 0 292 288 0 288 284 0 284 465 459 447 406 374 356 343 330 321 318 305 0.00 26.30 0.00 27.31 0.00 27.39 0.00 27.57 (Euros per 100 Kilograms) 0.00 0.00 0.00 27.82 28.05 28.34 0.00 28.66 0.00 28.92 0.00 29.29 0.00 29.68 245 330 164 196 246 175 251 343 180 210 246 175 249 344 185 212 246 175 249 346 189 215 246 175 250 363 207 232 246 175 252 367 210 234 246 175 256 372 215 238 246 175 259 378 220 244 246 175 Milk Cow Numbers Milk Production per Cow Cow Milk Production Fluid Milk Consumption Manufacturing Use Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Prices Milk Target Milk Producer Butter Domestic Cheese Domestic NFD Domestic WMP Domestic Butter Intervention NFD Intervention 2013 5,780 249 351 193 219 246 175 2014 (Kilograms) 5,844 246 355 198 223 246 175 248 359 203 227 246 175 382 / World Dairy Products: FAPRI 2010 Agricultural Outlook Indian Dairy Supp pply and Utilization 2009 2010 2011 2012 38,125 38,267 38,483 38,751 1,194 1,241 1,276 1,311 45,524 62,876 108,400 45,116 63,278 47,479 66,088 113,567 48,527 65,034 49,093 68,143 117,236 50,187 67,043 50,787 70,227 121,014 51,812 69,197 Butter Production Beginning Stocks Domestic Supply 3,855 0 3,855 4,349 0 4,349 4,605 0 4,605 4,877 0 4,877 5,122 0 5,122 5,350 0 5,350 Consumption Ending Stocks Domestic Use 3,871 0 3,871 4,346 0 4,346 4,595 0 4,595 4,857 0 4,857 5,099 0 5,099 -16 3 10 20 Nonfat Dry Milk Production Beginning Stocks Domestic Supply 364 15 379 398 11 410 416 11 428 Consumption Ending Stocks Domestic Use 336 11 348 362 11 373 31 36 Milk Cow Numbers Milk Production per Cow Cow Milk Production Buffalo Milk Production Total Milk Production Fluid Milk Consumption Manufacturing Use Net Trade Net Trade 2013 2015 2016 2017 2018 2019 (Thousand Head) 39,056 39,386 39,734 40,095 40,464 40,840 41,220 1,415 1,450 1,485 1,520 1,555 (Thousand Metric Tons) 52,550 54,371 56,240 72,425 74,655 76,917 124,975 129,026 133,157 53,425 55,061 56,715 71,544 73,959 76,436 58,153 79,344 137,497 58,406 79,086 60,104 81,809 141,912 60,123 81,784 62,089 84,310 146,399 61,838 84,555 64,108 86,849 150,957 63,559 87,392 5,545 0 5,545 5,747 0 5,747 5,948 0 5,948 6,110 0 6,110 6,270 0 6,270 5,328 0 5,328 5,526 0 5,526 5,729 0 5,729 5,937 0 5,937 6,104 0 6,104 6,271 0 6,271 23 22 19 17 11 6 -1 432 11 443 449 11 460 468 11 479 490 11 501 514 11 525 538 11 549 564 11 575 590 11 601 374 11 385 384 11 396 394 11 406 405 11 416 417 11 428 430 11 441 444 11 455 457 11 468 469 11 481 42 48 55 63 73 83 95 107 120 1,346 2014 (Kilograms) 1,380 World Dairy Products: FAPRI 2010 Agricultural Outlook / 383 Indonesian Dairy y Supply and Utilization 2009 2010 2011 2012 390 413 429 446 Milk Production per Cow 2,538 2,566 2,583 2,595 2,609 Cow Milk Production Fluid Milk Consumption Manufacturing Use 989 342 1,019 1,059 349 1,088 1,109 358 1,135 1,156 366 1,180 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14 0 14 15 0 15 15 0 15 15 0 15 16 0 16 -14 -15 -15 -15 Cheese Production Beginning Stocks Domestic Supply 0 0 0 0 0 0 0 0 0 Consumption Ending Stocks Domestic Use 9 0 9 9 0 9 -9 Milk Cow Numbers Butter Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2013 2014 2015 2016 2017 2018 2019 478 484 490 495 500 2,636 2,648 2,661 2,674 2,687 (Thousand Metric Tons) 1,197 1,231 1,258 374 382 391 1,219 1,251 1,276 1,282 399 1,296 1,303 408 1,315 1,323 416 1,333 1,343 423 1,352 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16 0 16 16 0 16 17 0 17 17 0 17 17 0 17 18 0 18 -16 -16 -16 -17 -17 -17 -18 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10 0 10 10 0 10 10 0 10 11 0 11 11 0 11 11 0 11 12 0 12 12 0 12 12 0 12 -9 -10 -10 -10 -11 -11 -11 -12 -12 -12 0 7 7 0 8 8 0 8 8 0 8 8 0 8 8 0 8 8 0 8 8 0 8 8 0 8 8 0 8 8 0 8 8 172 8 180 178 8 186 185 8 193 192 8 200 198 8 206 205 8 213 212 8 220 220 8 228 227 8 235 235 8 243 241 8 249 -173 -178 -185 -192 -198 -205 -212 -220 -227 -235 -241 56 6 62 57 8 65 61 8 69 64 8 72 65 8 73 68 8 76 70 8 78 72 8 80 73 8 81 74 8 82 75 8 83 100 8 108 103 8 111 107 8 115 111 8 119 115 8 123 118 8 126 122 8 130 126 8 134 130 8 138 134 8 142 137 8 145 -46 -46 -46 -47 -49 -50 -52 -54 -57 -60 -62 (Thousand Head) 459 470 (Kilograms) 2,623 384 / World Dairy Products: FAPRI 2010 Agricultural Outlook Japanese Dairy Supply S and Utilization 2009 2010 2011 2012 848 844 839 833 Milk Production per Cow 9,316 9,370 9,420 9,469 9,518 Cow Milk Production Fluid Milk Consumption Manufacturing Use 7,900 4,300 3,525 7,905 4,267 3,563 7,899 4,244 3,581 7,885 4,228 3,583 57 25 82 57 30 87 57 30 87 57 30 87 56 30 86 56 30 86 75 30 105 81 30 111 83 30 113 84 30 114 84 30 114 -24 -24 -27 -27 45 15 60 56 15 71 62 15 77 230 15 245 240 15 255 -185 Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Milk Cow Numbers Butter Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Cheese Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Prices Milk Farm Price Butter Wholesale NFD Wholesale Cheese Retail 2013 2014 2015 2016 2017 2018 2019 808 798 788 776 765 9,614 9,662 9,711 9,760 9,808 (Thousand Metric Tons) 7,857 7,819 7,771 4,215 4,203 4,190 3,569 3,544 3,510 7,714 4,172 3,472 7,649 4,146 3,433 7,578 4,117 3,393 7,504 4,086 3,350 55 30 85 55 30 85 54 30 84 53 30 83 53 30 83 85 30 115 85 30 115 85 30 115 85 30 115 85 30 115 84 30 114 -28 -29 -30 -30 -31 -31 -32 65 15 80 66 15 81 67 15 82 67 15 82 67 15 82 67 15 82 67 15 82 67 15 82 249 15 264 255 15 270 259 15 274 262 15 277 266 15 281 269 15 284 271 15 286 273 15 288 275 15 290 -184 -187 -190 -193 -195 -198 -202 -204 -206 -207 165 31 196 161 51 212 159 51 210 158 51 209 156 51 207 154 51 205 151 51 202 148 51 199 145 51 196 142 51 193 139 51 190 180 51 231 189 51 240 189 51 240 189 51 240 189 51 240 190 51 241 190 51 241 190 51 241 190 51 241 190 51 241 190 51 241 -35 -28 -30 -31 -33 -36 -39 -42 -45 -48 -50 88 1,165 606 2,248 88 1,170 618 2,466 88 1,171 625 2,670 87 1,160 629 2,844 (Yen per Kilogram) 86 84 83 1,143 1,133 1,133 631 635 639 2,991 3,125 3,245 81 1,135 641 3,351 80 1,139 643 3,444 79 1,143 646 3,529 78 1,148 648 3,608 (Thousand Head) 826 817 (Kilograms) 9,566 World Dairy Products: FAPRI 2010 Agricultural Outlook / 385 Malaysian Dairy Supply S and Utilization 2009 2010 2011 2012 99 102 106 109 Milk Production per Cow 572 599 618 628 639 Cow Milk Production Fluid Milk Consumption Manufacturing Use 57 55 16 61 58 18 65 59 21 68 61 23 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11 0 11 11 0 11 12 0 12 12 0 12 13 0 13 -11 -11 -12 -12 Cheese Production Beginning Stocks Domestic Supply 0 0 0 0 0 0 0 0 0 Consumption Ending Stocks Domestic Use 8 0 8 8 0 8 -8 Milk Cow Numbers Butter Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2013 2014 2015 2016 2017 2018 2019 (Thousand Head) 112 116 120 123 126 128 131 (Kilograms) 648 658 668 679 689 701 (Thousand Metric Tons) 72 75 79 64 66 68 24 26 28 82 70 30 85 73 32 88 75 34 92 77 36 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 13 0 13 14 0 14 14 0 14 15 0 15 15 0 15 16 0 16 -13 -13 -14 -14 -15 -15 -16 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9 0 9 9 0 9 10 0 10 10 0 10 11 0 11 11 0 11 12 0 12 12 0 12 12 0 12 -8 -9 -9 -10 -10 -11 -11 -12 -12 -12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 51 0 51 53 0 53 55 0 55 56 0 56 58 0 58 60 0 60 62 0 62 65 0 65 67 0 67 69 0 69 71 0 71 -51 -53 -55 -56 -58 -60 -62 -65 -67 -69 -71 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 101 0 101 104 0 104 106 0 106 109 0 109 112 0 112 115 0 115 118 0 118 121 0 121 124 0 124 126 0 126 129 0 129 -101 -104 -106 -109 -112 -115 -118 -121 -124 -126 -129 386 / World Dairy Products: FAPRI 2010 Agricultural Outlook Mexican Dairy Su upply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Milk Cow Numbers 2,334 2,371 2,382 2,421 (Thousand Head) 2,462 2,506 2,541 2,566 2,602 2,641 2,687 Milk Production per Cow 4,770 4,807 4,861 4,913 5,027 5,193 5,267 5,352 5,410 5,479 Cow Milk Production Fluid Milk Consumption Manufacturing Use 11,132 4,421 6,915 11,398 4,561 7,045 11,581 4,689 7,100 11,895 4,760 7,343 (Thousand Metric Tons) 12,379 12,811 13,194 4,845 4,932 5,025 7,742 8,087 8,377 13,517 5,141 8,585 13,924 5,264 8,868 14,290 5,384 9,114 14,724 5,501 9,431 Butter Production Beginning Stocks Domestic Supply 165 0 165 170 0 170 175 0 175 180 0 180 186 0 186 191 0 191 195 0 195 200 0 200 204 0 204 208 0 208 212 0 212 Consumption Ending Stocks Domestic Use 223 0 223 227 0 227 232 0 232 238 0 238 243 0 243 249 0 249 254 0 254 260 0 260 266 0 266 272 0 272 278 0 278 -58 -57 -57 -58 -58 -58 -59 -60 -62 -64 -66 Cheese Production Beginning Stocks Domestic Supply 225 0 225 232 0 232 233 0 233 236 0 236 243 0 243 248 0 248 250 0 250 250 0 250 254 0 254 259 0 259 268 0 268 Consumption Ending Stocks Domestic Use 293 0 293 298 0 298 305 0 305 311 0 311 318 0 318 326 0 326 333 0 333 341 0 341 350 0 350 359 0 359 367 0 367 -68 -67 -72 -75 -76 -77 -83 -91 -96 -100 -100 25 20 45 28 20 48 31 20 51 35 20 55 39 20 59 44 20 64 45 20 65 48 20 68 49 20 69 50 20 70 52 20 72 153 20 173 161 20 181 167 20 187 172 20 192 176 20 196 183 20 203 186 20 206 191 20 211 197 20 217 202 20 222 206 20 226 -128 -133 -136 -137 -137 -139 -141 -143 -148 -151 -154 Whole Milk Powder Production Beginning Stocks Domestic Supply 120 0 120 123 0 123 124 0 124 126 0 126 129 0 129 131 0 131 133 0 133 133 0 133 134 0 134 134 0 134 135 0 135 Consumption Ending Stocks Domestic Use 151 0 151 160 0 160 165 0 165 171 0 171 177 0 177 182 0 182 188 0 188 193 0 193 199 0 199 205 0 205 210 0 210 -31 -37 -42 -45 -47 -51 -55 -60 -65 -70 -75 Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade 2014 (Kilograms) 5,112 World Dairy Products: FAPRI 2010 Agricultural Outlook / 387 New Zealand Daiiry Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Milk Cow Numbers 4,426 4,521 4,614 4,702 (Thousand Head) 4,773 4,832 4,878 4,917 4,948 4,972 4,992 Milk Production per Cow 3,806 3,844 3,908 3,967 4,012 4,094 4,137 4,174 4,210 4,247 Cow Milk Production Fluid Milk Consumption Manufacturing Use 16,846 336 16,359 17,382 336 16,895 18,032 328 17,551 18,652 321 18,177 (Thousand Metric Tons) 19,147 19,595 19,971 316 312 308 18,677 19,128 19,507 20,341 304 19,881 20,652 301 20,194 20,934 298 20,479 21,202 295 20,750 419 73 492 430 66 496 440 66 506 451 66 517 457 66 523 462 66 528 466 66 533 470 66 536 475 66 541 479 66 545 483 66 549 22 66 88 22 66 88 21 66 87 21 66 87 21 66 87 21 66 87 21 66 87 21 66 87 21 66 87 21 66 87 20 66 87 404 408 419 430 436 441 445 449 454 458 462 301 43 344 321 43 363 364 43 407 398 43 441 420 43 462 439 43 482 458 43 501 478 43 520 496 43 539 510 43 553 523 43 566 21 43 64 22 43 65 21 43 64 22 43 64 22 43 65 23 43 66 24 43 66 24 43 67 25 43 68 25 43 68 26 43 69 280 299 343 377 397 416 435 453 471 484 497 316 55 371 327 53 379 338 53 390 350 53 402 359 53 411 366 53 419 372 53 424 376 53 429 383 53 435 389 53 441 395 53 447 2 53 54 1 53 54 1 53 53 1 53 53 1 53 53 1 53 53 1 53 54 1 53 54 1 53 54 1 53 54 1 53 54 317 326 337 349 358 365 371 375 381 387 393 781 72 853 789 68 857 789 68 858 794 65 859 802 64 866 809 64 873 813 64 877 818 63 881 821 63 883 823 63 886 825 63 888 1 68 69 1 68 70 1 65 66 1 64 65 1 64 65 1 64 65 1 63 63 1 63 64 1 63 64 1 63 64 1 63 64 784 787 792 794 801 808 814 817 819 822 824 Butter Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Cheese Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2014 (Kilograms) 4,055 388 / World Dairy Products: FAPRI 2010 Agricultural Outlook Peruvian Dairy S Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 886 918 974 1,030 (Thousand Head) 1,094 1,160 1,215 1,262 1,302 1,336 1,364 Milk Production per Cow 2,120 2,187 2,239 2,292 2,344 2,460 2,515 2,570 2,623 2,676 Cow Milk Production Fluid Milk Consumption Manufacturing Use 1,878 813 1,060 2,008 855 1,148 2,180 904 1,271 2,360 943 1,412 (Thousand Metric Tons) 2,564 2,787 2,990 988 1,034 1,082 1,571 1,747 1,902 3,175 1,132 2,037 3,346 1,184 2,157 3,503 1,238 2,260 3,649 1,292 2,352 Butter Production Beginning Stocks Domestic Supply 2 0 2 2 0 2 2 0 2 3 0 3 3 0 3 3 0 3 3 0 3 3 0 3 4 0 4 4 0 4 4 0 4 Consumption Ending Stocks Domestic Use 3 0 3 4 0 4 4 0 4 4 0 4 4 0 4 5 0 5 5 0 5 5 0 5 5 0 5 6 0 6 6 0 6 -1 -1 -1 -1 -2 -2 -2 -2 -2 -2 -2 Cheese Production Beginning Stocks Domestic Supply 14 0 14 15 0 15 15 0 15 14 0 14 13 0 13 11 0 11 10 0 10 9 0 9 8 0 8 8 0 8 7 0 7 Consumption Ending Stocks Domestic Use 18 0 18 20 0 20 21 0 21 22 0 22 23 0 23 24 0 24 25 0 25 26 0 26 27 0 27 28 0 28 29 0 29 -4 -4 -6 -8 -11 -13 -15 -17 -18 -20 -21 Nonfat Dry Milk Production Beginning Stocks Domestic Supply 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 Consumption Ending Stocks Domestic Use 8 1 9 9 1 10 10 1 11 10 1 11 11 1 12 12 1 13 12 1 13 13 1 14 14 1 15 14 1 15 15 1 16 -8 -9 -10 -10 -11 -12 -12 -13 -14 -14 -15 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 11 1 12 13 1 14 14 1 15 15 1 16 16 1 17 18 1 19 19 1 20 20 1 21 22 1 23 23 1 24 25 1 26 -11 -13 -14 -15 -16 -18 -19 -20 -22 -23 -25 Milk Cow Numbers Net Trade Net Trade Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2014 (Kilograms) 2,403 World Dairy Products: FAPRI 2010 Agricultural Outlook / 389 Philippine Dairy S Supply and Utilization 2015 2016 2017 2018 2019 16 16 16 16 17 1,252 1,282 1,312 1,342 1,372 (Thousand Metric Tons) 19 19 20 68 71 73 5 5 5 21 76 5 21 79 5 22 82 5 23 85 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12 0 12 12 0 12 13 0 13 13 0 13 13 0 13 13 0 13 -12 -12 -12 -13 -13 -13 -13 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 16 0 16 16 0 16 17 0 17 17 0 17 18 0 18 18 0 18 19 0 19 20 0 20 20 0 20 -15 -15 -16 -16 -17 -17 -18 -19 -19 -20 0 2 2 0 10 10 0 3 3 0 3 3 0 3 3 0 3 3 0 3 3 0 3 3 0 3 3 0 3 3 0 3 3 82 10 92 87 3 90 89 3 92 91 3 94 93 3 96 95 3 98 97 3 100 99 3 102 102 3 105 104 3 107 106 3 109 -90 -80 -89 -91 -93 -95 -97 -99 -102 -104 -106 Whole Milk Powder Production Beginning Stocks Domestic Supply 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Consumption Ending Stocks Domestic Use 9 0 9 10 0 10 11 0 11 12 0 12 13 0 13 14 0 14 15 0 15 16 0 16 17 0 17 19 0 19 20 0 20 -9 -10 -11 -12 -13 -14 -15 -16 -17 -19 -20 Milk Cow Numbers Milk Production per Cow Cow Milk Production Fluid Milk Consumption Manufacturing Use Butter Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Cheese Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade 2009 2010 2011 2012 2013 2014 14 15 15 15 1,071 1,102 1,132 1,162 15 58 5 16 60 5 17 63 5 18 65 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11 0 11 11 0 11 11 0 11 11 0 11 12 0 12 -11 -11 -11 -11 2 0 2 1 0 1 1 0 1 15 0 15 15 0 15 -13 (Thousand Head) 16 16 1,192 (Kilograms) 1,222 390 / World Dairy Products: FAPRI 2010 Agricultural Outlook Russian Dairy Su upply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Milk Cow Numbers 9,530 9,318 9,128 8,976 (Thousand Head) 8,851 8,747 8,658 8,582 8,515 8,454 8,398 Milk Production per Cow 3,410 3,480 3,550 3,620 3,690 3,830 3,900 3,970 4,040 4,110 Cow Milk Production Fluid Milk Consumption Manufacturing Use 32,500 12,105 17,800 32,428 12,170 17,723 32,407 12,230 17,696 32,493 12,305 17,749 (Thousand Metric Tons) 32,660 32,887 33,161 12,307 12,309 12,310 17,949 18,204 18,502 33,469 12,315 18,827 33,802 12,323 19,171 34,153 12,326 19,535 34,516 12,335 19,905 Butter Production Beginning Stocks Domestic Supply 280 12 292 285 12 297 287 12 299 289 12 301 291 12 304 292 12 304 293 13 305 294 13 306 295 13 307 297 13 309 298 13 311 Consumption Ending Stocks Domestic Use 410 12 422 425 12 438 434 12 447 443 12 455 445 12 457 447 13 459 449 13 461 451 13 463 453 13 466 456 13 468 459 13 472 -130 -141 -148 -154 -153 -155 -156 -157 -158 -159 -161 Cheese Production Beginning Stocks Domestic Supply 445 12 457 449 12 461 455 12 467 459 12 471 466 12 478 472 12 484 477 12 489 484 12 496 490 12 502 497 12 509 504 12 516 Consumption Ending Stocks Domestic Use 735 12 747 742 12 754 752 12 764 766 12 778 772 12 784 779 12 791 789 12 801 799 12 811 809 12 821 819 12 831 831 12 843 -290 -293 -297 -306 -306 -308 -312 -315 -319 -322 -327 70 0 70 110 0 110 109 0 109 109 0 109 109 0 109 111 0 111 114 0 114 116 0 116 119 0 119 121 0 121 124 0 124 105 0 105 153 0 153 159 0 159 166 0 166 171 0 171 175 0 175 179 0 179 184 0 184 188 0 188 193 0 193 198 0 198 -35 -43 -50 -57 -62 -64 -66 -68 -70 -72 -74 Whole Milk Powder Production Beginning Stocks Domestic Supply 70 0 70 69 0 69 70 0 70 71 0 71 72 0 72 74 0 74 74 0 74 75 0 75 76 0 76 77 0 77 78 0 78 Consumption Ending Stocks Domestic Use 96 0 96 99 0 99 102 0 102 106 0 106 109 0 109 112 0 112 114 0 114 116 0 116 118 0 118 120 0 120 122 0 122 -26 -29 -33 -35 -37 -38 -40 -41 -42 -43 -44 Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade 2014 (Kilograms) 3,760 World Dairy Products: FAPRI 2010 Agricultural Outlook / 391 Saudi Arabian Da airy Supply and Utilization 2009 2010 2011 2012 118 121 127 133 Milk Production per Cow 11,314 11,354 11,394 11,434 Cow Milk Production Fluid Milk Consumption Manufacturing Use 1,334 1,406 137 1,372 1,475 110 1,453 1,525 143 1,517 1,575 160 6 0 6 5 0 5 6 0 6 7 0 7 7 0 7 7 0 7 45 0 45 47 0 47 49 0 49 51 0 51 54 0 54 -39 -42 -43 -44 0 0 0 0 0 0 0 0 0 94 0 94 96 0 96 -94 Milk Cow Numbers Butter Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Cheese Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2013 2014 2015 2016 2017 2018 2019 144 148 154 158 162 11,554 11,594 11,634 11,674 11,714 (Thousand Metric Tons) 1,569 1,615 1,664 1,625 1,674 1,713 166 166 178 1,719 1,751 195 1,790 1,797 219 1,847 1,840 231 1,896 1,880 238 8 0 8 8 0 8 9 0 9 10 0 10 10 0 10 55 0 55 58 0 58 59 0 59 61 0 61 63 0 63 65 0 65 -46 -48 -50 -51 -52 -53 -55 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 99 0 99 101 0 101 104 0 104 107 0 107 110 0 110 112 0 112 116 0 116 119 0 119 122 0 122 -96 -99 -101 -104 -107 -110 -112 -116 -119 -122 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25 0 25 29 0 29 32 0 32 35 0 35 38 0 38 41 0 41 45 0 45 48 0 48 52 0 52 55 0 55 59 0 59 -25 -29 -32 -35 -38 -41 -45 -48 -52 -55 -59 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 48 0 48 51 0 51 54 0 54 57 0 57 60 0 60 63 0 63 66 0 66 69 0 69 72 0 72 75 0 75 77 0 77 -48 -51 -54 -57 -60 -63 -66 -69 -72 -75 -77 (Thousand Head) 137 140 11,474 (Kilograms) 11,514 392 / World Dairy Products: FAPRI 2010 Agricultural Outlook South Korean Da airy Supply and Utilization 2009 2010 2011 2012 2015 2016 2017 2018 2019 203 203 206 206 204 203 203 203 203 Milk Production per Cow 10,222 10,540 10,837 10,971 11,482 11,656 11,831 12,006 12,182 Cow Milk Production Fluid Milk Consumption Manufacturing Use 2,075 1,556 519 2,138 1,564 574 2,231 1,589 642 2,263 1,602 660 (Thousand Metric Tons) 2,285 2,313 2,341 1,609 1,616 1,622 676 698 720 2,371 1,627 744 2,402 1,632 770 2,435 1,636 799 2,471 1,639 832 Butter Production Beginning Stocks Domestic Supply 50 0 50 51 0 51 54 0 54 55 0 55 55 0 55 56 0 56 55 0 55 56 0 56 56 0 56 56 0 56 57 0 57 Consumption Ending Stocks Domestic Use 59 0 59 60 0 60 61 0 61 62 0 62 62 0 62 63 0 63 63 0 63 64 0 64 64 0 64 64 0 64 65 0 65 -10 -8 -7 -7 -7 -7 -8 -8 -8 -8 -8 Cheese Production Beginning Stocks Domestic Supply 26 1 27 28 1 29 32 1 33 34 1 35 35 1 36 35 1 36 36 1 37 37 1 38 38 1 39 39 1 40 41 1 42 Consumption Ending Stocks Domestic Use 76 1 77 81 1 82 86 1 87 89 1 90 91 1 92 93 1 94 95 1 96 97 1 98 99 1 100 101 1 102 103 1 104 -50 -52 -53 -55 -56 -58 -59 -60 -61 -62 -62 Nonfat Dry Milk Production Beginning Stocks Domestic Supply 17 5 22 15 5 20 17 5 22 18 5 23 18 5 23 19 5 24 20 5 25 20 5 25 20 5 25 20 5 25 20 5 25 Consumption Ending Stocks Domestic Use 25 5 30 25 5 30 25 5 30 26 5 31 26 5 31 26 5 31 26 5 31 26 5 31 26 5 31 26 5 31 26 5 31 -8 -10 -8 -8 -7 -7 -6 -6 -6 -6 -6 Whole Milk Powder Production Beginning Stocks Domestic Supply 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 1 0 1 1 0 1 1 0 1 1 0 1 Consumption Ending Stocks Domestic Use 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 -3 -4 -4 -4 -4 -5 -5 -5 -5 -5 -5 Milk Cow Numbers Net Trade Net Trade Net Trade Net Trade 2013 2014 (Thousand Head) 205 205 11,135 (Kilograms) 11,310 World Dairy Products: FAPRI 2010 Agricultural Outlook / 393 Swiss Dairy Supp ply and Utilization 2009 2010 2011 2012 682 677 675 673 Milk Production per Cow 5,581 5,646 5,681 5,709 5,736 Cow Milk Production Fluid Milk Consumption Manufacturing Use 3,809 750 2,392 3,822 746 2,409 3,835 742 2,426 3,842 739 2,436 Butter Production Beginning Stocks Domestic Supply 43 6 49 42 6 48 41 6 47 41 6 47 41 6 48 42 6 48 Consumption Ending Stocks Domestic Use 45 6 51 46 6 52 45 6 51 45 6 51 45 6 51 -2 -4 -4 -4 Cheese Production Beginning Stocks Domestic Supply 168 16 184 171 16 187 173 16 189 Consumption Ending Stocks Domestic Use 147 16 163 147 16 163 22 Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Milk Cow Numbers Net Trade Net Trade Net Trade 2013 2014 2015 2016 2017 2018 2019 667 666 664 662 660 5,796 5,824 5,852 5,880 5,908 (Thousand Metric Tons) 3,845 3,853 3,867 735 730 726 2,444 2,457 2,475 3,877 721 2,489 3,886 717 2,502 3,893 713 2,514 3,899 708 2,524 42 6 48 42 6 48 42 6 48 42 6 48 42 6 48 45 6 51 45 6 51 45 6 51 45 6 51 45 6 51 45 6 51 -4 -3 -3 -3 -3 -3 -3 173 16 189 175 16 191 178 16 194 180 16 196 181 16 197 182 16 198 183 16 199 184 16 200 149 16 165 150 16 166 151 16 167 151 16 167 152 16 168 152 16 168 153 16 169 154 16 170 155 16 171 24 24 24 25 27 28 29 29 29 29 27 0 27 27 0 27 27 0 27 27 0 27 27 0 27 27 0 27 27 0 27 28 0 28 28 0 28 28 0 28 28 0 28 17 0 17 17 0 17 17 0 17 17 0 17 17 0 17 17 0 17 17 0 17 17 0 17 17 0 17 17 0 17 17 0 17 10 10 10 10 10 10 10 10 10 10 11 (Thousand Head) 670 668 (Kilograms) 5,765 394 / World Dairy Products: FAPRI 2010 Agricultural Outlook Thai Dairy Supply ly and Utilization 2009 2010 2011 2012 298 304 310 316 3,101 3,199 3,282 3,331 3,386 924 868 11 973 927 11 1,016 959 10 1,052 1,015 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14 0 14 15 0 15 15 0 15 16 0 16 17 0 17 -14 -15 -15 -16 Cheese Production Beginning Stocks Domestic Supply 1 0 1 1 0 1 1 0 1 Consumption Ending Stocks Domestic Use 4 0 4 4 0 4 -2 Milk Cow Numbers Milk Production per Cow Cow Milk Production Fluid Milk Consumption Manufacturing Use Butter Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2013 2014 2015 2016 2017 2018 2019 354 364 377 389 402 3,486 3,541 3,598 3,653 3,709 (Thousand Metric Tons) 1,091 1,156 1,234 1,091 1,171 1,258 10 10 10 1,289 1,346 10 1,355 1,436 10 1,421 1,525 10 1,493 1,614 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 17 0 17 18 0 18 18 0 18 19 0 19 20 0 20 20 0 20 -17 -17 -18 -18 -19 -20 -20 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 4 0 4 4 0 4 4 0 4 4 0 4 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 -3 -3 -3 -3 -3 -3 -3 -4 -4 -4 0 5 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 5 0 5 5 75 5 80 77 5 82 78 5 83 80 5 85 82 5 87 84 5 89 86 5 91 89 5 94 91 5 96 94 5 99 97 5 102 -75 -77 -78 -80 -82 -84 -86 -89 -91 -94 -97 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 0 6 6 39 6 45 41 6 47 42 6 48 43 6 49 44 6 50 46 6 52 47 6 53 48 6 54 50 6 56 51 6 57 52 6 58 -39 -41 -42 -43 -44 -46 -47 -48 -50 -51 -52 (Thousand Head) 322 337 (Kilograms) 3,434 World Dairy Products: FAPRI 2010 Agricultural Outlook / 395 Ukrainian Dairy S Supply and Utilization 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 Milk Cow Numbers 2,856 2,741 2,670 2,636 (Thousand Head) 2,617 2,604 2,598 2,586 2,584 2,582 2,580 Milk Production per Cow 3,957 4,075 4,175 4,275 4,375 4,574 4,674 4,774 4,874 4,974 Cow Milk Production Fluid Milk Consumption Manufacturing Use 11,300 3,527 7,050 11,167 3,615 6,880 11,144 3,796 6,700 11,267 4,001 6,629 (Thousand Metric Tons) 11,447 11,652 11,883 4,174 4,324 4,446 6,643 6,702 6,813 12,089 4,570 6,899 12,339 4,702 7,018 12,588 4,838 7,131 12,836 4,980 7,237 Butter Production Beginning Stocks Domestic Supply 72 0 72 83 0 83 95 0 95 101 0 101 108 0 108 115 0 115 122 0 122 130 0 130 137 0 137 145 0 145 153 0 153 Consumption Ending Stocks Domestic Use 89 0 89 94 0 94 96 0 96 98 0 98 99 0 99 99 0 99 102 0 102 103 0 103 103 0 103 103 0 103 104 0 104 -17 -11 -1 3 9 16 21 27 34 42 49 Cheese Production Beginning Stocks Domestic Supply 250 0 250 259 0 259 270 0 270 281 0 281 290 0 290 298 0 298 305 0 305 314 0 314 322 0 322 331 0 331 339 0 339 Consumption Ending Stocks Domestic Use 182 0 182 189 0 189 199 0 199 208 0 208 215 0 215 221 0 221 226 0 226 230 0 230 236 0 236 241 0 241 248 0 248 68 70 71 73 75 76 80 83 86 89 92 Nonfat Dry Milk Production Beginning Stocks Domestic Supply 48 2 50 54 2 56 57 2 59 62 2 64 68 2 70 74 2 76 81 2 83 87 2 89 95 2 97 102 2 104 110 2 112 Consumption Ending Stocks Domestic Use 34 2 36 35 2 37 35 2 37 36 2 38 36 2 38 36 2 38 36 2 38 36 2 38 37 2 39 37 2 39 38 2 40 14 19 22 27 32 38 44 51 58 65 72 Whole Milk Powder Production Beginning Stocks Domestic Supply 15 0 15 26 0 26 27 0 27 29 0 29 31 0 31 33 0 33 35 0 35 37 0 37 39 0 39 41 0 41 43 0 43 Consumption Ending Stocks Domestic Use 12 0 12 12 0 12 12 0 12 13 0 13 13 0 13 14 0 14 14 0 14 14 0 14 15 0 15 15 0 15 15 0 15 3 14 15 16 18 19 21 23 24 26 28 Net Trade Net Trade Net Trade Net Trade 2014 (Kilograms) 4,474 396 / World Dairy Products: FAPRI 2010 Agricultural Outlook Uruguayan Dairy y Supply and Utilization 2009 2010 2011 2012 2015 2016 2017 2018 2019 968 976 986 993 (Thousand Head) 1,000 1,007 1,014 1,020 1,027 1,034 1,041 Milk Production per Cow 1,727 1,737 1,743 1,755 1,763 1,778 1,786 1,797 1,808 1,820 Cow Milk Production Fluid Milk Consumption Manufacturing Use 1,672 343 1,179 1,695 368 1,173 1,719 375 1,190 1,743 383 1,205 (Thousand Metric Tons) 1,763 1,784 1,802 391 400 408 1,217 1,228 1,237 1,822 418 1,246 1,846 426 1,262 1,869 433 1,278 1,894 439 1,296 22 4 26 22 4 26 23 4 27 24 4 28 24 4 28 25 4 29 26 4 30 27 4 31 28 4 32 29 4 33 31 4 35 5 4 9 5 4 9 6 4 10 6 4 10 6 4 10 6 4 10 6 4 10 6 4 10 6 4 10 7 4 11 7 4 11 16 17 17 18 19 19 20 21 22 23 24 Cheese Production Beginning Stocks Domestic Supply 55 3 58 55 3 58 57 3 60 58 3 61 60 3 63 61 3 64 62 3 65 63 3 66 65 3 68 66 3 69 68 3 71 Consumption Ending Stocks Domestic Use 11 3 14 11 3 14 12 3 15 12 3 15 12 3 15 13 3 16 13 3 16 13 3 16 14 3 17 14 3 17 14 3 17 44 44 45 46 47 48 49 50 51 52 54 14 1 15 15 1 16 16 1 17 18 1 19 19 1 20 20 1 21 21 1 22 22 1 23 23 1 24 25 1 26 26 1 27 2 1 3 2 1 3 3 1 4 3 1 4 3 1 4 3 1 4 3 1 4 3 1 4 3 1 4 3 1 4 3 1 4 12 13 14 15 16 17 18 19 20 21 23 Whole Milk Powder Production Beginning Stocks Domestic Supply 38 11 49 40 11 51 43 11 54 46 11 57 48 11 59 49 11 60 51 11 62 52 11 63 54 11 65 56 11 67 59 11 70 Consumption Ending Stocks Domestic Use 4 11 15 5 11 16 5 11 16 5 11 16 5 11 16 5 11 16 5 11 16 5 11 16 5 11 16 5 11 16 5 11 16 34 36 38 41 43 44 46 47 49 51 53 Milk Cow Numbers Butter Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Net Trade 2013 2014 (Kilograms) 1,772 World Dairy Products: FAPRI 2010 Agricultural Outlook / 397 Venezuelan Dairy y Supply and Utilization 2009 2010 2011 2012 819 854 893 910 Milk Production per Cow 1,831 1,849 1,868 1,885 1,902 Cow Milk Production Fluid Milk Consumption Manufacturing Use 1,499 186 1,314 1,580 186 1,394 1,668 189 1,480 1,715 191 1,524 Butter Production Beginning Stocks Domestic Supply 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 1 0 1 Consumption Ending Stocks Domestic Use 4 0 4 4 0 4 4 0 4 4 0 4 5 0 5 -3 -3 -3 -3 Cheese Production Beginning Stocks Domestic Supply 74 28 102 78 28 106 82 28 110 Consumption Ending Stocks Domestic Use 79 28 107 83 28 111 -5 Milk Cow Numbers Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2013 2014 2015 2016 2017 2018 2019 913 911 909 907 904 1,937 1,955 1,972 1,990 2,007 (Thousand Metric Tons) 1,738 1,755 1,768 194 197 199 1,544 1,558 1,569 1,781 202 1,579 1,793 205 1,588 1,805 208 1,597 1,815 210 1,605 1 0 1 1 0 1 1 0 1 2 0 2 2 0 2 5 0 5 5 0 5 5 0 5 6 0 6 6 0 6 6 0 6 -3 -3 -4 -4 -4 -4 -4 84 28 112 85 28 113 85 28 113 86 28 114 86 28 114 87 28 115 87 28 115 87 28 115 88 28 116 93 28 121 96 28 124 99 28 127 102 28 130 106 28 134 109 28 137 112 28 140 115 28 143 -5 -6 -9 -11 -14 -17 -19 -22 -25 -28 4 3 7 4 3 7 4 3 7 4 3 7 4 3 7 4 3 7 4 3 7 4 3 7 5 3 8 5 3 8 5 3 8 11 3 14 11 3 14 11 3 14 11 3 14 12 3 15 12 3 15 12 3 15 12 3 15 12 3 15 13 3 16 13 3 16 -7 -7 -7 -7 -7 -7 -7 -8 -8 -8 -8 30 34 64 31 34 65 32 34 66 33 34 67 34 34 68 34 34 68 34 34 68 34 34 68 34 34 68 34 34 68 35 34 69 123 34 157 125 34 159 127 34 161 129 34 163 131 34 165 133 34 167 135 34 169 136 34 170 138 34 172 140 34 174 142 34 176 -94 -95 -95 -96 -97 -99 -101 -102 -104 -106 -107 (Thousand Head) 914 914 (Kilograms) 1,920 398 / World Dairy Products: FAPRI 2010 Agricultural Outlook Vietnamese Dairy ry Supply and Utilization 2009 2010 2011 2012 177 187 199 215 1,757 1,832 1,907 1,982 311 174 0 342 177 0 380 183 0 427 192 0 Butter Production Beginning Stocks Domestic Supply 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Consumption Ending Stocks Domestic Use 7 0 7 7 0 7 7 0 7 8 0 8 9 0 9 -7 -7 -7 -8 Cheese Production Beginning Stocks Domestic Supply 0 0 0 0 0 0 0 0 0 Consumption Ending Stocks Domestic Use 1 0 1 1 0 1 -1 Milk Cow Numbers Milk Production per Cow Cow Milk Production Fluid Milk Consumption Manufacturing Use Net Trade Net Trade Nonfat Dry Milk Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade Whole Milk Powder Production Beginning Stocks Domestic Supply Consumption Ending Stocks Domestic Use Net Trade 2013 2014 2015 2016 2017 2018 2019 261 276 290 303 318 2,207 2,282 2,357 2,432 2,507 (Thousand Metric Tons) 475 526 577 201 210 218 0 0 0 629 228 0 683 237 0 737 247 0 796 257 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9 0 9 10 0 10 10 0 10 11 0 11 11 0 11 12 0 12 -9 -9 -10 -10 -11 -11 -12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 0 1 1 0 1 2 0 2 2 0 2 2 0 2 2 0 2 2 0 2 -1 -1 -1 -1 -1 -2 -2 -2 -2 -2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 54 0 54 54 0 54 56 0 56 59 0 59 61 0 61 62 0 62 64 0 64 66 0 66 68 0 68 70 0 70 72 0 72 -54 -54 -56 -59 -61 -62 -64 -66 -68 -70 -72 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35 0 35 36 0 36 38 0 38 39 0 39 40 0 40 41 0 41 43 0 43 45 0 45 48 0 48 51 0 51 54 0 54 -35 -36 -38 -39 -40 -41 -43 -45 -48 -51 -54 (Thousand Head) 231 247 2,057 (Kilograms) 2,132 World Dairy Products: FAPRI 2010 Agricultural Outlook / 399 Per Capita Dairy Consumption of Selected Countries 2009 2010 2011 2012 2013 Argentina Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 47.9 1.0 12.1 0.2 1.7 48.6 1.0 12.1 0.3 1.7 49.2 1.0 12.2 0.3 1.8 50.1 1.0 12.5 0.3 1.8 51.1 1.0 12.7 0.3 1.8 Australia Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 108.2 3.2 10.0 2.3 1.3 108.1 3.1 9.9 2.3 1.3 107.7 3.1 9.9 2.2 1.3 107.7 3.1 10.0 2.2 1.3 107.5 3.1 10.2 2.2 1.3 Brazil Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 50.1 0.4 3.1 0.7 2.6 49.9 0.4 3.2 0.7 2.7 51.5 0.4 3.3 0.7 2.7 53.1 0.4 3.4 0.7 2.8 Canada Fluid Milk Butter Cheese NFD Milk 91.2 2.6 9.2 2.1 91.5 2.7 9.2 2.2 90.9 2.6 9.3 2.2 China Fluid Milk Butter Cheese NFD Milk 11.3 0.1 0.2 0.1 12.3 0.1 0.2 0.1 Colombia Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 122.8 0.5 1.3 0.2 0.8 Egypt Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 2014 2015 2016 2017 2018 2019 52.8 1.0 13.2 0.3 1.9 53.8 1.1 13.4 0.3 2.0 54.7 1.1 13.6 0.3 2.0 55.6 1.1 13.8 0.4 2.1 56.4 1.1 14.0 0.4 2.1 107.4 3.1 10.3 2.1 1.3 107.3 3.1 10.4 2.1 1.3 107.2 3.1 10.6 2.1 1.3 107.0 3.1 10.7 2.1 1.3 106.9 3.0 10.7 2.1 1.4 106.7 3.0 10.8 2.0 1.4 54.3 0.4 3.5 0.7 2.8 55.6 0.4 3.5 0.7 2.9 56.7 0.4 3.6 0.8 2.9 57.9 0.4 3.7 0.8 2.9 59.1 0.4 3.7 0.8 3.0 60.4 0.4 3.8 0.8 3.0 61.8 0.4 3.8 0.8 3.1 90.2 2.6 9.3 2.3 89.6 2.5 9.4 2.3 88.9 2.5 9.4 2.3 88.1 2.5 9.4 2.3 87.4 2.5 9.5 2.4 86.7 2.4 9.5 2.4 86.0 2.4 9.5 2.4 85.3 2.4 9.6 2.4 13.8 0.1 0.3 0.1 15.3 0.1 0.3 0.1 17.2 0.1 0.3 0.1 19.2 0.1 0.3 0.1 21.4 0.1 0.3 0.1 23.7 0.1 0.3 0.1 26.3 0.1 0.3 0.1 29.1 0.1 0.3 0.2 32.0 0.1 0.3 0.2 123.5 0.5 1.3 0.2 0.9 124.6 0.5 1.3 0.2 0.9 126.0 0.5 1.3 0.2 0.9 127.4 0.5 1.3 0.2 1.0 128.8 0.5 1.4 0.2 1.0 130.3 0.5 1.4 0.2 1.0 132.0 0.6 1.4 0.2 1.1 133.6 0.6 1.4 0.2 1.1 135.1 0.6 1.4 0.2 1.1 136.5 0.6 1.4 0.2 1.1 21.1 0.7 5.6 0.4 0.5 21.8 0.8 5.7 0.4 0.5 22.5 0.8 5.9 0.4 0.5 23.1 0.8 6.0 0.4 0.6 23.5 0.8 6.1 0.4 0.6 23.9 0.8 6.2 0.4 0.6 24.2 0.8 6.3 0.4 0.6 24.4 0.8 6.4 0.4 0.6 24.6 0.8 6.5 0.4 0.6 24.8 0.8 6.6 0.4 0.6 25.0 0.9 6.7 0.4 0.6 European Union Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 68.6 3.9 12.9 1.3 0.7 67.0 3.9 13.0 1.7 0.6 66.5 3.9 13.2 1.6 0.6 66.2 3.9 13.3 1.6 0.6 66.0 3.9 13.5 1.6 0.6 65.7 3.9 13.6 1.5 0.6 65.3 3.9 13.8 1.5 0.6 64.9 3.9 14.0 1.5 0.6 64.6 3.9 14.2 1.5 0.6 64.2 3.9 14.4 1.4 0.6 63.8 3.8 14.6 1.4 0.6 India Fluid Milk Butter NFD Milk 38.5 3.3 0.3 40.8 3.7 0.3 41.6 3.8 0.3 42.4 4.0 0.3 43.2 4.1 0.3 44.0 4.3 0.3 44.8 4.4 0.3 45.6 4.5 0.3 46.4 4.6 0.3 47.1 4.7 0.3 47.9 4.7 0.4 (Kilograms) 51.9 1.0 13.0 0.3 1.9 400 / World Dairy Products: FAPRI 2010 Agricultural Outlook Per Capita Dairy Consumption of Selected Countries (continued) 2009 2010 2011 2012 2013 2015 2016 2017 2018 2019 1.4 0.1 0.0 0.7 0.4 1.4 0.1 0.0 0.7 0.4 1.4 0.1 0.0 0.7 0.4 1.5 0.1 0.0 0.8 0.4 1.5 0.1 0.0 0.8 0.5 1.5 0.1 0.0 0.8 0.5 1.5 0.1 0.0 0.8 0.5 1.6 0.1 0.0 0.9 0.5 1.6 0.1 0.0 0.9 0.5 1.6 0.1 0.0 0.9 0.5 33.9 0.6 1.8 1.4 33.7 0.6 1.9 1.5 33.7 0.7 2.0 1.5 33.6 0.7 2.0 1.5 33.7 0.7 2.1 1.5 33.7 0.7 2.1 1.5 33.7 0.7 2.1 1.5 33.8 0.7 2.2 1.5 33.7 0.7 2.2 1.5 33.7 0.7 2.2 1.6 33.6 0.7 2.3 1.6 Malaysia Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 2.1 0.4 0.3 1.9 3.9 2.2 0.4 0.3 2.0 3.9 2.2 0.4 0.3 2.0 3.9 2.2 0.4 0.3 2.0 4.0 2.3 0.5 0.4 2.1 4.0 2.3 0.5 0.4 2.1 4.0 2.4 0.5 0.4 2.2 4.1 2.4 0.5 0.4 2.2 4.1 2.4 0.5 0.4 2.2 4.1 2.5 0.5 0.4 2.3 4.2 2.5 0.5 0.4 2.3 4.2 Mexico Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 39.3 2.0 2.6 1.4 1.3 40.1 2.0 2.6 1.4 1.4 40.8 2.0 2.7 1.5 1.4 41.0 2.0 2.7 1.5 1.5 41.2 2.1 2.7 1.5 1.5 41.6 2.1 2.7 1.5 1.5 41.9 2.1 2.8 1.5 1.6 42.4 2.1 2.8 1.6 1.6 43.0 2.2 2.9 1.6 1.6 43.6 2.2 2.9 1.6 1.7 44.1 2.2 2.9 1.7 1.7 New Zealand Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 79.1 5.1 5.0 0.4 0.2 78.2 5.0 5.1 0.3 0.2 75.8 4.9 4.9 0.2 0.2 73.6 4.8 4.9 0.2 0.2 71.8 4.8 5.1 0.2 0.2 70.2 4.8 5.2 0.2 0.2 68.9 4.7 5.3 0.2 0.2 67.4 4.6 5.4 0.3 0.2 66.2 4.6 5.5 0.3 0.2 65.1 4.5 5.5 0.3 0.2 64.0 4.4 5.6 0.3 0.2 Peru Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 27.2 0.1 0.6 0.3 0.4 28.3 0.1 0.7 0.3 0.4 29.5 0.1 0.7 0.3 0.5 30.5 0.1 0.7 0.3 0.5 31.6 0.1 0.7 0.4 0.5 32.7 0.1 0.8 0.4 0.6 33.9 0.2 0.8 0.4 0.6 35.1 0.2 0.8 0.4 0.6 36.3 0.2 0.8 0.4 0.7 37.6 0.2 0.8 0.4 0.7 38.9 0.2 0.9 0.4 0.7 Philippines Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 0.6 0.1 0.2 0.8 0.1 0.6 0.1 0.1 0.9 0.1 0.6 0.1 0.2 0.9 0.1 0.6 0.1 0.2 0.9 0.1 0.6 0.1 0.2 0.9 0.1 0.6 0.1 0.2 0.9 0.1 0.7 0.1 0.2 0.9 0.1 0.7 0.1 0.2 0.9 0.1 0.7 0.1 0.2 0.9 0.2 0.7 0.1 0.2 0.9 0.2 0.7 0.1 0.2 0.9 0.2 Russia Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 86.8 2.9 5.3 0.8 0.7 87.7 3.1 5.3 1.1 0.7 88.6 3.1 5.4 1.2 0.7 89.5 3.2 5.6 1.2 0.8 90.0 3.3 5.6 1.3 0.8 90.5 3.3 5.7 1.3 0.8 91.0 3.3 5.8 1.3 0.8 91.5 3.4 5.9 1.4 0.9 92.1 3.4 6.0 1.4 0.9 92.7 3.4 6.2 1.5 0.9 93.3 3.5 6.3 1.5 0.9 South Korea Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 32.0 1.2 1.6 0.5 0.1 32.1 1.2 1.7 0.5 0.1 32.5 1.2 1.8 0.5 0.1 32.7 1.3 1.8 0.5 0.1 32.8 1.3 1.9 0.5 0.1 32.9 1.3 1.9 0.5 0.1 33.0 1.3 1.9 0.5 0.1 33.0 1.3 2.0 0.5 0.1 33.1 1.3 2.0 0.5 0.1 33.2 1.3 2.0 0.5 0.1 33.2 1.3 2.1 0.5 0.1 Indonesia Fluid Milk Butter Cheese NFD Milk Whole Milk Powder Japan Fluid Milk Butter Cheese NFD Milk 2014 (Kilograms) 1.5 0.1 0.0 0.8 0.5 World Dairy Products: FAPRI 2010 Agricultural Outlook / 401 Per Capita Dairy Consumption of Selected Countries (continued) 2009 2010 2011 2012 2013 Switzerland Fluid Milk Butter Cheese NFD Milk 98.4 5.9 19.2 2.2 97.6 6.0 19.3 2.2 97.0 5.9 19.4 2.2 96.4 5.9 19.5 2.2 95.6 5.9 19.6 2.2 Thailand Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 13.1 0.2 0.1 1.1 0.6 13.9 0.2 0.1 1.1 0.6 14.3 0.2 0.1 1.2 0.6 15.0 0.2 0.1 1.2 0.6 16.1 0.2 0.1 1.2 0.7 Ukraine Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 77.7 2.0 4.0 0.7 0.3 80.1 2.1 4.2 0.8 0.3 84.6 2.1 4.4 0.8 0.3 89.8 2.2 4.7 0.8 0.3 United States Total Fluid Milk Butter Cheese NFD Milk 89.3 2.2 14.7 1.8 89.0 2.3 14.9 1.6 88.5 2.2 14.9 1.4 Uruguay Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 97.7 1.4 3.2 0.6 1.3 104.3 1.5 3.2 0.7 1.3 Venezuela Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 6.8 0.1 2.9 0.4 4.5 Vietnam Fluid Milk Butter Cheese NFD Milk Whole Milk Powder 1.9 0.1 0.0 0.6 0.4 2014 2015 2016 2017 2018 2019 94.1 5.8 19.7 2.2 93.4 5.8 19.7 2.2 92.7 5.8 19.8 2.2 92.1 5.8 19.9 2.3 91.4 5.8 20.0 2.3 17.2 0.3 0.1 1.2 0.7 18.4 0.3 0.1 1.3 0.7 19.6 0.3 0.1 1.3 0.7 20.8 0.3 0.1 1.3 0.7 22.0 0.3 0.1 1.4 0.7 23.2 0.3 0.1 1.4 0.7 94.2 2.2 4.9 0.8 0.3 98.2 2.3 5.0 0.8 0.3 101.7 2.3 5.2 0.8 0.3 105.2 2.4 5.3 0.8 0.3 109.0 2.4 5.5 0.9 0.3 112.9 2.4 5.6 0.9 0.3 117.0 2.4 5.8 0.9 0.4 88.3 2.2 15.0 1.4 88.0 2.2 15.0 1.4 87.8 2.2 15.1 1.4 87.7 2.2 15.2 1.4 87.5 2.2 15.2 1.4 87.3 2.2 15.3 1.4 87.1 2.1 15.3 1.4 87.0 2.1 15.4 1.4 106.0 1.6 3.3 0.7 1.3 107.7 1.6 3.4 0.8 1.3 109.5 1.6 3.5 0.8 1.4 111.5 1.7 3.5 0.8 1.4 113.3 1.7 3.6 0.9 1.4 115.8 1.7 3.7 0.9 1.4 117.5 1.8 3.7 0.9 1.5 118.9 1.8 3.8 0.9 1.5 120.2 1.9 3.9 1.0 1.5 6.7 0.1 3.0 0.4 4.5 6.7 0.2 3.2 0.4 4.5 6.7 0.2 3.3 0.4 4.5 6.7 0.2 3.3 0.4 4.5 6.7 0.2 3.4 0.4 4.5 6.7 0.2 3.5 0.4 4.5 6.7 0.2 3.5 0.4 4.5 6.7 0.2 3.6 0.4 4.5 6.7 0.2 3.6 0.4 4.5 6.7 0.2 3.7 0.4 4.5 2.0 0.1 0.0 0.6 0.4 2.0 0.1 0.0 0.6 0.4 2.1 0.1 0.0 0.6 0.4 2.2 0.1 0.0 0.6 0.4 2.2 0.1 0.0 0.7 0.4 2.3 0.1 0.0 0.7 0.4 2.4 0.1 0.0 0.7 0.5 2.4 0.1 0.0 0.7 0.5 2.5 0.1 0.0 0.7 0.5 2.6 0.1 0.0 0.7 0.5 (Kilograms) 94.8 5.9 19.6 2.2