Oilseeds and Products Update

An Expert's View about Agriculture and Animal Husbandry in India

Last updated: 29 Sep 2011

Record soybean planting during the 2011 kharif season (14.7 million hectares) compensated for the decline in peanut and sunflower planting. Farmers are gravitating to soybean, cotton, rice, sugarcane and castor crops, with relatively less interest in coarse cereals and pulse crops.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 9/14/2011 GAIN Report Number: IN1185 India Oilseeds and Products Update August 2011 Approved By: David Leishman Prepared By: Amit Aradhey Report Highlights: Record soybean planting during the 2011 kharif season (14.7 million hectares) compensated for the decline in peanut and sunflower planting. Farmers are gravitating to soybean, cotton, rice, sugarcane and castor crops, with relatively less interest in coarse cereals and pulse crops. Based on current trends in vegetable oil and meal trade, edible oil imports are forecast at 8.3 million tons, and oil meal exports are projected at 5.5 million tons in 2010/11. Post: New Delhi Author Defined: RECORD SOYBEAN PLANTING LIFTED KHARIF OILSEED AREA According to the latest progressive planting report from the Government of India (GOI) Ministry of Agriculture; the total area planted to Kharif oilseeds (minor oilseeds not included) was 14.7 million hectares, 1.5 percent higher than last year. Most of the increase in soybean acreage compensated for the decline in area sown to peanut and sunflower crops. During the current 2011 kharif season, farmers planted large areas of soybean, cotton, rice, sugarcane and castor crops, with relatively less interest in coarse cereals and pulse crops. Recent heavy rains over major soybean growing regions in central India and peanut growing regions in North Gujarat may impact their growth. The 2011/12 soybean planted area is 10.3 million hectares, 11 percent higher than last year. Good soil moisture and favorable weather conditions encouraged farmers to bring additional area under cultivation in Madhya Pradesh, Maharashtra and Rajasthan. Based on preliminary field assessments, 2011/12 soybean production is forecast at 10.6 million tons. In marketing year (MY) 2010/11, soybean production was 9.8 million tons. Poor monsoon coverage and erratic rainfall distribution over major sunflower growing regions influenced a shift to cotton, sugarcane and cereal production, reducing the 2011 kharif season sunflower planted area by 18 percent to 213,000 hectares. Assuming normal growing conditions during the 2011 rabi season (winter sown), total sunflower area and production for MY 2011/12 are forecast at 880,000 hectares and 585,000 tons respectively. Sunflower production was lower in MY 2010/11 (475,000 tons from 760,000 hectares) due to higher returns with other cash crops. 2011 Kharif Peanuts (summer sown) were planted across 4.2 million hectares, down 15 percent over the previous year. Most of the decline in acreage was reported in Gujarat and southern India. In Gujarat, farmers preferred cotton, rice and castor crop over peanuts. Based on preliminary estimates, total 2011/12 peanut area and production are forecast at 5 million hectares and 5.1 million tons, compared to 6 million hectares and 5.9 million tons in 2010/11. EDIBLE OIL IMPORTS WILL DECLINE TO 8.3 MILLION TONS: Based on current vegetable oil import trends, and the domestic availability of oilseeds for crushing, total edible oil imports are likely to decline to 8.3 million tons in 2010/11. The import forecast includes 6.6 million tons of palm oil, 1 million tons of soybean oil, 720,000 tons of sunflower seed oil, and 15,000 tons of other edible oils. High international prices for vegetable oil have discouraged imports during second quarter of 2010/2011 (Chart 1). However, since April 2011, landed prices for vegetable oils have started to ease, encouraging imports of relatively cheaper oils. With palm oil selling at a discount over soy oil, palm oil imports for first 10 months of 2010/11 were 2 percent above the previous year levels. Rising international prices for soy oil, and increasing domestic availability, have slowed the pace of soy oil imports. Despite a sharp increase in international sunflower oil prices, imports grew 32 percent from the previous year, and could rise further to meet strong domestic demand. Total vegetable oil imports during first 10 months of 2010/11 were marginally down at 6.6 million tons (Table 1). Rising consumption demand through 2011/12 will keep imports higher at 8.9 million tons. CHART 1: IMPORTS AND LANDED PRICE FOR CRUDE SOY, SUNFLOWER AND PLAM OILS ($/Ton) Source: Solvent Extractors? Association (SEA) of India and Industry Sources Note: Landed price for December 2010 is estimated TABLE 1: VEGETABLE OIL IMPORTS (1000 Metric Tons) Oct- Nov- Dec- Jan- Feb- Mar- Apr- May- Jun- Jul Oct 10- Oct 09- % 10 10 10 11 11 11 11 11 11 -11 July 11 July- Change 10 RBD 132 71 108 119 90 74 26 64 87 98 869 936 -7 palmolein Crude palm 476 477 525 398 276 180 316 467 625 521 4,261 3,998 7 oil Crude 0 0 0 0 0 0 0 0 0 0 0 4 -100 palmolein Crude PKO 11 10 6 8 5 1 2 4 14 10 71 96 -27 Total palm 619 557 639 525 371 255 344 535 727 629 5,201 5,035 3 oil Crude soy 125 32 49 50 130 81 31 61 51 164 772 1,191 -35 oil Refined soy 0 0 0 0 0 0 0 0 0 0 0 0 0 oil Total soy 125 32 49 50 130 81 31 61 51 164 772 1,191 -35 oil Crude sun 36 63 42 117 37 76 76 40 51 89 628 474 32 oil Refined sun 0 0 0 0 0 0 0 0 0 0 0 0 0 oil Total sun 36 63 42 117 37 76 76 40 51 89 628 474 32 oil Canola 0 0 0 0 0 0 0 0 0 0 0 18 0 Rape oil Cottonseed 0 0 0 0 0 0 0 0 0 0 0 0 0 Oil Coconut oil 0 0 1 0 0 0 0 0 1 0 2 5 -57 Grand Total 781 652 730 692 538 412 452 636 829 882 6,603 6,723 -2 Source: Solvent Extractors Association of India OIL MEALS: Oil meal exports during the first ten months of 2010/11 were up 83 percent at 5 million tons (Table 2). Both soymeal and rapeseed meal accounted for the largest share in oilmeal exports. Increased availability of oilseeds from ?kharif 2010?, parity in crushing of oilseeds and rise in overseas demand has boosted oil meal exports. Based on current trends, the oil meal export forecast (does not include rice bran and castor meal) for 2010/11 is estimated at 5.5 million tons: 4.6 million tons of soymeal (high sea sales + surface transport), 850,000 tons of rapeseed meal and 10,000 tons of other meals. Total oilmeal export in 2011/12 is forecast at 4.9 million tons, down 600,000 tons compared to last year. Rising domestic oilseed demand for feed and food, especially in the case of soymeal is likely to affect exports. TABLE 2: OILMEAL EXPORTS (METRIC TONS) Soybean Rapeseed Peanut Rice bran Sunflower Castor Total meal meal meal meal m eal meal Oct-10 404,960 80,758 1,017 5,000 0 20,874 512,609 Nov-10 443,488 41,604 0 3,500 0 4,148 492,740 Dec-10 611,157 110,237 0 3,200 0 41,360 765,954 Jan-11 574,996 42,409 0 1,000 0 22,555 640,960 Feb-11 540,360 147,655 1,475 800 0 13,110 703,400 Mar-11 410,537 128,221 5,218 0 0 35,931 579,907 Apr-11 305,033 142,232 2,288 14,324 0 49,344 513,221 May-11 176,819 130,082 247 8,061 0 8,698 323,907 Jun-11 117,600 102,437 0 9,100 0 21,198 250,335 Jul-11 139,547 79,061 0 10,600 0 43,100 272,308 Oct 10- 97 1,004,696 10,245 55,585 0 260,318 5,055,341 Ju ly-11 3,724,4 Oct 09-July- 10 1,855,693 570,132 19,270 99,205 0 224,408 2,768,708 % Change 101 76 -47 -44 16 83 Source: Solvent Extractors? Association (SEA) of India Table 3: Commodity, Oilseed, Soybean, PSD 2009/2010 2010/2011 2011/2012 Oilseed, Soybean Market Year Begin: Oct Market Year Begin: Oct Market Year Begin: Oct 2009 2010 2011 India USDA New USDA New USDA New Official Post Official Post Official P ost Area Planted 9,600 9,600 9,300 9,330 10,300 10,270 (1000 HA) Area Harvested 9,600 9,600 9,300 9,330 10,270 10,270 (1000 HA) Beginning Stocks 766 817 1,695 1,578 800 518 (1000 MT) Production 9,700 9,700 9,800 9,800 10,500 10,600 (1000 MT) MY Imports 0 0 0 0 0 0 (1000 MT) MY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) MY Imp. from EU 0 0 0 0 0 0 (1000 MT) Total Supply 10,466 10,517 11,495 11,378 11,300 11,118 (1000 MT) MY Exports 10 10 10 10 10 10 (1000 MT) MY Exp. to EU 0 0 0 0 0 0 (1000 MT) Crush 7,500 7,500 9,400 9,400 9,400 9,400 (1000 MT) Food Use Dom. Cons. 451 469 480 500 500 500 (1000 MT) Feed Waste Dom. Cons. 810 960 805 950 825 1,000 (1000 MT) Total Dom. Cons. 8,761 8,929 10,685 10,850 10,725 10,900 (1000 MT) Ending Stocks 1,695 1,578 800 518 565 208 (1000 MT) Total Distribution 10,466 10,517 11,495 11,378 11,300 11,118 (1000 MT) CY Imports 0 0 0 0 0 0 (1000 MT) CY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) CY Exports 10 0 10 0 10 10 (1000 MT) CY Exp. to U.S. 0 0 0 0 0 0 (1000 MT) TS=TD 0 0 0 Table 4: Commodity, Meal, Soybean, PSD Me 2009/2010 2010/2011 2011/2012 a l, Soybean Market Year Begin: Market Year Begin: Market Year Begin: India Oct 2009 Oct 2010 O ct 2011 USDA New USDA New USDA New Official Post Official Post Official P ost Crush 7,500 7,500 9,400 9,400 9,400 9,400 (1000 MT) Extr. Rate, 999.9999 1. 0.8 1. 0.8 1. 0.7979 (PERCENT) Beginning Stocks 104 18 206 268 207 138 (1000 MT) Production 5,985 6,000 7,500 7,520 7,500 7,500 (1000 MT) MY Imports 9 0 6 0 6 0 (1000 MT) MY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) MY Imp. from EU 0 0 0 0 0 0 (1000 MT) Total Supply 6,098 6,018 7,712 7,788 7,713 7,638 (1000 MT) MY Exports 3,147 3,125 4,500 4,600 4,400 4,000 (1000 MT) MY Exp. to EU 0 0 0 0 0 0 (1000 MT) Industrial Dom. Cons. 0 0 0 0 0 0 (1000 MT) Food Use Dom. Cons. 245 225 255 250 265 280 (1000 MT) Feed Waste Dom. Cons. 2,500 2,400 2,750 2,800 2,948 3,000 (1000 MT) Total Dom. Cons. 2,745 2,625 3,005 3,050 3,213 3,280 (1000 MT) Ending Stocks 206 268 207 138 100 358 (1000 MT) Total Distribution 6,098 6,018 7,712 7,788 7,713 7,638 (1000 MT) CY Imports 9 0 6 0 6 0 (1000 MT) CY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) CY Exports 3,850 2,914 4,500 3,600 4,400 3,800 (1000 MT) CY Exp. to U.S. 0 0 0 0 0 0 (1000 MT) SME 2,745 2,625 3,005 3,050 3,213 3,280 (1000 MT) TS=TD 0 0 0 Table 5: Commodity, Oil, Soybean, PSD 2009/2010 2010/2011 2011/2012 Oil, Soybean Market Year Begin: Market Year Begin: Oct Market Year Begin: Oct O ct 2009 2010 2011 India USDA New USDA New USDA New O fficial Post Official Post Official Post Crush 7,500 7,500 9,400 9,400 9,400 9,400 (1000 MT) Extr. Rate, 999.9999 0. 0.176 0. 0.1761 0. 0.1761 (PERCENT) Beginning Stocks 103 103 279 303 317 250 (1000 MT) Production 1,340 1,320 1,690 1,655 1,690 1,655 (1000 MT) MY Imports 1,598 1,600 950 1,000 800 900 (1000 MT) MY Imp. from U.S. 180 175 100 50 50 50 (1000 MT) MY Imp. from EU 0 0 0 0 0 0 (1000 MT) Total Supply 3,041 3,023 2,919 2,958 2,807 2,805 (1000 MT) MY Exports 2 15 2 8 2 5 (1000 MT) MY Exp. to EU 0 0 0 0 0 0 (1000 MT) Industrial Dom. Cons. 0 0 0 0 0 0 (1000 MT) Food Use Dom. Cons. 2,760 2,705 2,600 2,700 2,700 2,700 (1000 MT) Feed Waste Dom. Cons. 0 0 0 0 0 0 (1000 MT) Total Dom. Cons. 2,760 2,705 2,600 2,700 2,700 2,700 (1000 MT) Ending Stocks 279 303 317 250 105 100 (1000 MT) Total Distribution 3,041 3,023 2,919 2,958 2,807 2,805 (1000 MT) CY Imports 1,569 1,570 870 1,150 800 900 (1000 MT) CY Imp. from U.S. 152 180 100 150 50 50 (1000 MT) CY Exports 2 0 2 0 2 0 (1000 MT) CY Exp. to U.S. 0 0 0 0 0 0 (1000 MT) TS=TD 0 0 0 Table 6: Commodity, Oilseed, Peanut, PSD 2009/2010 2010/2011 2011/2012 Oilseed, Peanut Market Year Begin: Market Year Begin: Market Year Begin: Oct 2009 Oct 2010 M ay 2011 India USDA New USDA New USDA New Official Post Official Post Official P ost Area Planted 6,600 5,350 6,100 6,050 5,000 5,000 (1000 HA) Area Harvested 5,300 5,350 6,000 6,000 5,000 5,000 (1000 HA) Beginning Stocks 62 145 12 50 60 100 (1000 MT) Production 4,900 4,900 6,000 5,850 5,100 5,100 (1000 MT) MY Imports 0 0 0 0 0 0 (1000 MT) MY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) MY Imp. from EU 0 0 0 0 0 0 (1000 MT) Total Supply 4,962 5,045 6,012 5,900 5,160 5,200 (1000 MT) MY Exports 450 270 448 450 350 400 (1000 MT) MY Exp. to EU 0 5 0 3 0 3 (1000 MT) Crush 3,500 3,725 4,314 4,200 3,750 3,800 (1000 MT) Food Use Dom. Cons. 600 500 650 650 650 550 (1000 MT) Feed Waste Dom. Cons. 400 500 540 500 400 400 (1000 MT) Total Dom. Cons. 4,500 4,725 5,504 5,350 4,800 4,750 (1000 MT) Ending Stocks 12 50 60 100 10 50 (1000 MT) Total Distribution 4,962 5,045 6,012 5,900 5,160 5,200 (1000 MT) CY Imports 0 0 0 0 0 0 (1000 MT) CY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) CY Exports 450 240 450 450 450 0 (1000 MT) CY Exp. to U.S. 0 0 0 0 0 0 (1000 MT) TS=TD 0 0 0 Table 7: Commodity, Meal, Peanut, PSD 2009/2010 2010/2011 2011/2012 Meal, Peanut Market Year Begin: Market Year Begin: Market Year Begin: O ct 2009 Oct 2010 May 2011 India USDA New USDA New USDA New O fficial Post Official Post Official Post Crush 3,500 3,650 4,314 4,200 3,750 3,800 (1000 MT) Extr. Rate, 999.9999 0. 0.389 0. 0.381 0. 0.3895 (PERCENT) Beginning Stocks 0 0 0 0 0 0 (1000 MT) Production 1,370 1,420 1,690 1,600 1,468 1,480 (1000 MT) MY Imports 0 0 0 0 0 0 (1000 MT) MY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) MY Imp. from EU 0 0 0 0 0 0 (1000 MT) Total Supply 1,370 1,420 1,690 1,600 1,468 1,480 (1000 MT) MY Exports 44 19 50 12 30 10 (1000 MT) MY Exp. to EU 0 0 0 0 0 0 (1000 MT) Industrial Dom. Cons. 0 0 0 0 0 0 (1000 MT) Food Use Dom. Cons. 0 5 5 5 0 5 (1000 MT) Feed Waste Dom. Cons. 1,326 1,396 1,635 1,583 1,438 1,465 (1000 MT) Total Dom. Cons. 1,326 1,401 1,640 1,588 1,438 1,470 (1000 MT) Ending Stocks 0 0 0 0 0 0 (1000 MT) Total Distribution 1,370 1,420 1,690 1,600 1,468 1,480 (1000 MT) CY Imports 0 0 0 0 0 0 (1000 MT) CY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) CY Exports 44 15 50 10 30 10 (1000 MT) CY Exp. to U.S. 0 0 0 0 0 0 (1000 MT) SME 1,490 1,575 1,843 1,785 1,616 1,652 (1000 MT) TS=TD 0 0 0 Table 8: Commodity, Oil, Peanut, PSD 2009/2010 2010/2011 2011/2012 Oil, Peanut Market Year Begin: Oct Market Year Begin: Oct Market Year Begin: May 2009 2010 2011 India USDA New USDA New USDA New Official Post Official Post O fficial Post Crush 3,500 3,650 4,314 4,200 3,750 3,800 (1000 MT) Extr. Rate, 999.9999 0. 0.3356 0. 0.3357 0. 0.3355 (PERCENT) Beginning Stocks 165 65 10 38 50 53 (1000 MT) Production 1,165 1,225 1,435 1,410 1,250 1,275 (1000 MT) MY Imports 0 0 0 0 0 0 (1000 MT) MY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) MY Imp. from EU 0 0 0 0 0 0 (1000 MT) Total Supply 1,330 1,290 1,445 1,448 1,300 1,328 (1000 MT) MY Exports 0 0 0 0 0 0 (1000 MT) MY Exp. to EU 0 0 0 0 0 0 (1000 MT) Industrial Dom. Cons. 15 10 15 15 10 10 (1000 MT) Food Use Dom. Cons. 1,305 1,242 1,380 1,380 1,280 1,280 (1000 MT) Feed Waste Dom. Cons. 0 0 0 0 0 0 (1000 MT) Total Dom. Cons. 1,320 1,252 1,395 1,395 1,290 1,290 (1000 MT) Ending Stocks 10 38 50 53 10 38 (1000 MT) Total Distribution 1,330 1,290 1,445 1,448 1,300 1,328 (1000 MT) CY Imports 0 0 0 0 0 0 (1000 MT) CY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) CY Exports 0 0 0 0 0 0 (1000 MT) CY Exp. to U.S. 0 0 0 0 0 0 (1000 MT) TS=TD 0 0 0 Table 9: Commodity, Oilseed, Sunflower seed PSD 2009/2010 2010/2011 2011/2012 Oilseed, Sunflowerseed Market Year Begin: Oct Market Year Begin: Oct Market Year Begin: May 2009 2010 2011 India USDA New USDA New USDA New Official Post Official Post Official P ost Area Planted 1,450 1,380 800 760 880 880 (1000 HA) Area Harvested 1,400 1,380 800 760 880 880 (1000 HA) Beginning Stocks 0 0 0 0 0 0 (1000 MT) Production 820 807 500 475 590 585 (1000 MT) MY Imports 0 0 0 0 0 0 (1000 MT) MY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) MY Imp. from EU 0 0 0 0 0 0 (1000 MT) Total Supply 820 807 500 475 590 585 (1000 MT) MY Exports 4 0 4 0 4 0 (1000 MT) MY Exp. to EU 0 0 0 0 0 0 (1000 MT) Crush 720 740 400 430 490 500 (1000 MT) Food Use Dom. Cons. 0 0 0 0 0 0 (1000 MT) Feed Waste Dom. Cons. 96 67 96 45 96 85 (1000 MT) Total Dom. Cons. 816 807 496 475 586 585 (1000 MT) Ending Stocks 0 0 0 0 0 0 (1000 MT) Total Distribution 820 807 500 475 590 585 (1000 MT) CY Imports 0 0 0 0 0 0 (1000 MT) CY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) CY Exports 4 0 4 0 4 0 (1000 MT) CY Exp. to U.S. 0 0 0 0 0 0 (1000 MT) TS=TD 0 0 0 Table 10: Commodity, Meal, Sunflower seed, PSD 2009/2010 2010/2011 2011/2012 Meal, Sunflowerseed Market Year Begin: Market Year Begin: Oct Market Year Begin: O ct 2009 2010 May 2011 India USDA New USDA New USDA New Official Post Official Post Official P ost Crush 720 740 400 430 490 500 (1000 MT) Extr. Rate, 999.9999 0. 0.473 0. 0.4767 0. 0.48 (PERCENT) Beginning Stocks 0 0 0 0 0 0 (1000 MT) Production 341 350 190 205 233 240 (1000 MT) MY Imports 10 0 0 0 0 0 (1000 MT) MY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) MY Imp. from EU 0 0 0 0 0 0 (1000 MT) Total Supply 351 350 190 205 233 240 (1000 MT) MY Exports 2 0 0 0 0 0 (1000 MT) MY Exp. to EU 0 0 0 0 0 0 (1000 MT) Industrial Dom. Cons. 0 0 0 0 0 0 (1000 MT) Food Use Dom. Cons. 0 0 0 0 0 0 (1000 MT) Feed Waste Dom. Cons. 349 350 190 205 233 240 (1000 MT) Total Dom. Cons. 349 350 190 205 233 240 (1000 MT) Ending Stocks 0 0 0 0 0 0 (1000 MT) Total Distribution 351 350 190 205 233 240 (1000 MT) CY Imports 0 0 0 0 0 0 (1000 MT) CY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) CY Exports 2 0 0 0 0 0 (1000 MT) CY Exp. to U.S. 0 0 0 0 0 0 (1000 MT) SME 330 330 179 194 220 227 (1000 MT) TS=TD 0 0 0 Table 11: Commodity, Oil, Sunflower, PSD O 2009/2010 2010/2011 2011/2012 il, Sunflowerseed Market Year Begin: Oct Market Year Begin: Oct Market Year Begin: India 2009 2010 M ay 2011 USDA New USDA New USDA New Official Post Official Post Official P ost Crush 720 740 400 430 490 500 (1000 MT) Extr. Rate, 999.9999 0. 0.3649 0. 0.3605 0. 0.36 (PERCENT) Beginning Stocks 168 168 121 148 110 123 (1000 MT) Production 255 270 142 155 174 180 (1000 MT) MY Imports 611 610 785 720 825 800 (1000 MT) MY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) MY Imp. from EU 0 0 0 0 0 0 (1000 MT) Total Supply 1,034 1,048 1,048 1,023 1,109 1,103 (1000 MT) MY Exports 3 0 3 0 3 0 (1000 MT) MY Exp. to EU 0 0 0 0 0 0 (1000 MT) Industrial Dom. Cons. 0 0 0 0 0 0 (1000 MT) Food Use Dom. Cons. 910 900 935 900 1,000 950 (1000 MT) Feed Waste Dom. Cons. 0 0 0 0 0 0 (1000 MT) Total Dom. Cons. 910 900 935 900 1,000 950 (1000 MT) Ending Stocks 121 148 110 123 106 153 (1000 MT) Total Distribution 1,034 1,048 1,048 1,023 1,109 1,103 (1000 MT) CY Imports 652 633 800 520 835 0 (1000 MT) CY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) CY Exports 0 0 0 0 0 0 (1000 MT) CY Exp. to U.S. 0 0 0 0 0 0 (1000 MT) TS=TD 0 0 0 Table 12: Commodity, Oil, Palm, PSD Oil, Palm 2009/2010 2010/2011 2011/2012 India Market Year Begin: Oct Market Year Begin: Oct Market Year Begin: Oct 2009 2010 2011 USDA New USDA New USDA New Official Post Official Post Official P ost Area Planted 0 0 0 0 0 0 (1000 HA) Area Harvested 0 0 0 0 0 0 (1000 HA) Trees 0 0 0 0 0 0 (1000 TREES) Beginning Stocks 727 1,185 940 1,010 605 710 (1000 MT) Production 50 50 50 60 50 60 (1000 MT) MY Imports 6,603 6,415 6,750 6,600 7,150 7,200 (1000 MT) MY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) MY Imp. from EU 0 0 0 0 0 0 (1000 MT) Total Supply 7,380 7,650 7,740 7,670 7,805 7,970 (1000 MT) MY Exports 0 0 0 0 0 0 (1000 MT) MY Exp. to EU 0 0 0 0 0 0 (1000 MT) Industrial Dom. Cons. 240 240 260 260 300 300 (1000 MT) Food Use Dom. Cons. 6,200 6,400 6,875 6,700 7,300 7,200 (1000 MT) Feed Waste Dom. 0 0 0 0 0 0 (1000 MT) Cons. Total Dom. Cons. 6,440 6,640 7,135 6,960 7,600 7,500 (1000 MT) Ending Stocks 940 1,010 605 710 205 470 (1000 MT) Total Distribution 7,380 7,650 7,740 7,670 7,805 7,970 (1000 MT) CY Imports 6,645 6,600 7,000 6,700 7,100 0 (1000 MT) CY Imp. from U.S. 0 0 0 0 0 0 (1000 MT) CY Exports 0 0 0 0 0 0 (1000 MT) CY Exp. to U.S. 0 0 0 0 0 0 (1000 MT) TS=TD 0 0 0
Posted: 29 September 2011, last updated 29 September 2011

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