Oilseeds and Products Annual

An Expert's View about Cereals, Leguminous Crops, Oil Seeds in Malaysia

Posted on: 24 Mar 2012

Soybeans are still the leading U.S. oilseed product export to Malaysia, with U.S. soybean sales expected to be around 350,000 tons in 2011/12.

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: 3/19/2012 GAIN Report Number: MY2002 Malaysia Oilseeds and Products Annual 2012 Approved By: Chris P. Rittgers Prepared By: Raymond Hoh Report Highlights: Soybeans are still the leading U.S. oilseed product export to Malaysia, with U.S. soybean sales expected to be around 350,000 tons in 2011/12. Meanwhile, Argentina will continue to supply the majority of soybean meal imports. Lower demand from the swine and broiler sectors will reduce soymeal imports and local crushing activity in 2011/12, but the continued switch to using full-fat soymeal will still favor U.S. soybean imports. Following two consecutive seasons of strong growth, palm oil production is forecast to increase modestly to 18.5 million metric tons in 2011/12, and then rebound to stronger growth in 2012/13, reaching 19 million tons. Exports are forecast to increase to 17.4 million tons in 2012/13, and then grow to about 17.6 million tons in 2012/13. Palm kernel oil exports are forecast to remain relatively stable at just over 1 million tons. Executive Summary: Soybeans are the leading U.S. oilseed product export to Malaysia, and increased usage of full-fat soymeal continues to favor U.S. soybean imports. Despite expectations for a decline in soybean imports in 2011/12 due to a weaker feed demand from the swine and broiler sectors, the U.S. is expected to export about 350,000 tons, and maintain a dominant market share. As the broiler sector recovers in 2012/13, soybean imports are forecast to rebound. Fueled by strong consumer demand and a diversification of soy-based products manufactured in Malaysia, demand for food quality soybeans is expected to grow steadily at 3.7 percent annually. Due to a reduction in demand from the swine and broiler sectors, soybean meal imports are expected to decline in 2011/12. Soybean meal demand will rebound only slightly in 2012/13 as local full-fat soybean meal increasingly substitutes for imported ?defat? soybean meal. Argentina will maintain its hold on this market, accounting for over 90 percent of the imports. U.S. DDGS exports totaled about 60,000 tons in 2011, and are expected to remain around that level. Crude palm oil (CPO) production is expected to increase only modestly to 18.5 million tons in 2011/12, and then reach 19 million tons in 2012/13. The increase in matured hectare equivalent in 2012 is expected to be offset by stagnating yields linked to biological stress. Palm kernel oil (PKO) output is expected to increase to 2.12 million tons in 2011/12 and then increase only slightly again in 2012/13. Palm oil exports are forecast to increase to 17.4 million tons in 2011/12 and PKO at 1 million tons. With expectations for further production growth, and continued strength from import markets, palm oil exports are forecast to reach 17.6 million tons in 2012/13. China India, and Pakistan continue to be leading markets, but shipments to the United States continue to be strong, topping 1 million tons in 2011. Area under coconut cultivation has dropped steadily and copra output will continue its downward trend. Both imports and exports of coconut oil are expected to increase in 2012 and 2013. In line with a decline in soy crush, local soybean oil production is expected to drop to 57,000 tons in 2011/12 and decline further in 2012/13. Soybean oil consumption accounts for less than 5 percent of total domestic food oil use, where it is consumed primarily as premium-quality cooking oil and priced well above the price for palm oil. With lower production, soybean oil exports are forecast to decline into 2012/13. Due to depleted fish stocks, fishmeal production is forecast to continue declining. Imports are about 20,000 tons annually. Exchange Rate: US$1.00 = RM3.032 (Apr 12, 2011); RM3.051 (Mar 14, 2012) Other Relevant Reports Page 2 of 35 Malaysia ? Bio-Fuels Annual (ARG Number MY1006) Author Defined: TOTAL OILSEEDS There is no commercial cultivation of soybeans in Malaysia. 1. Soybean Imports In 2011/12, soybean imports are forecast to decline about 3 percent due to weaker demand from the swine and broiler sectors. The decline in crushing will be further eroded due to increased usage of full- fat soybean meal. The food soybean market is expected to fare better with a steady annual rise of 3.7 percent, and major growth coming from soymilk beverage demand. The U.S. will remain the top supplier, exporting around 350,000 tons, and holding dominant market share. Argentina is the second leading supplier, and Canada continues to be the main supplier of ?Identity Preserved? soybeans for food processing. In 2012/13, with a revival in demand from the broiler industry, imports are forecast to rebound. However, soy crushing is still expected to decline as farmers trend to using full-fat soymeal. The increased usage of full-fat soymeal favors the import of US soybeans. Imports of food quality soybeans are expected to continue to grow steadily in line with expectations for continued growth in consumer demand for soy-based food products. Consumption Consumer demand is forecast to remain robust, and manufacturers are developing alternative uses for soy in foods, and soy use in foods is forecast to grow 3.7 percent annually. Rising health consciousness among the growing middle-income population is increasing demand for soy food products. Malaysia is one of the largest producers of soy drinks in Southeast Asia, with exports going to neighboring countries as well as Australia, Japan and Europe. Most of the food beans are brought in via containers, primarily from Canada and the U.S. About 60,000 tons of identity preserved food grade soybeans are imported annually. Soybean crushing is expected to decline 12 percent in 2011/12, in view of a weaker demand from the livestock sector and the gradual switch to full-fat soymeal. In addition, local traders are now using more DDGS in their feed formulation. [Please see ?Consumption? section under Total Oilmeals (Soybean Meal) for the development of the livestock/feed sector]. Crushing is forecast to rebound slightly in 2012/13 as the broiler sector recovers from its cyclical downturn. Trade Policy & Market Access Page 3 of 35 Malaysia passed a Biosafety Act in the summer of 2007. Under these Biosafety regulations, approval is required for any release and imports of LMOs (?Roundup Ready? soybeans have been approved for import). Although the regulations have been operative since Nov 1, 2010, a grace period of two years was provided. In addition, on July 8, 2010, the Ministry of Health announced regulations that require mandatory labeling of food and food ingredients obtained through modern biotechnology. A two year grace period was also given till July 8, 2012. While implementing details of the food labeling guidelines have not been made public, a list of processed products exempt from the labeling requirement and a threshold allowing for adventitious presence may be included in the final language of the regulations. The labeling requirement would not apply to meat reared on feed containing GMOs. 2. Palm Kernel Palm kernel output is forecast to grow, reaching about 4.6 million tons in 2011/12 and 4.8 million tons in 2012/13. [Please refer to ?Palm Oil? section under Total Oils for more details]. There are no exports of palm kernel as all domestic output is crushed locally. 3. Copra Area under coconut cultivation has dropped steadily, replaced by the more lucrative oil palm. Area is expected to continue falling, with a concomitant decline in copra production. Harvested area in PS&Ds is only for copra delivered to crushers and not for food-use. This explains the big gap between planted and harvested area. Most of the copra is consumed as food (desiccated coconut, coconut cream, etc), leaving a small amount for the crushing sector. The outlook for copra output is on a slow downtrend in the near term. In 2012, production is expected to be about 29,000 tons and imports about 31,000 tons, mainly from Indonesia. Exports were insignificant. TOTAL OILMEALS 1. Soybean Meal Production and Imports Meal production is forecast to decline and imports are forecast to remain relatively flat through 2012/13 due to weaker demand from the swine and broiler sectors and the increased use of full-fat soybean meal rather than regular soybean meal. Expectations for lower supplies from Argentina will also curb imports in 2012. In addition, local traders are now using more DDGS in their feed formulation. Nonetheless, Argentina should continue to dominate over 90 percent of the domestic soybean meal import market. Imports of US soybean meal are expected to be in the 10,000 to 15,000 ton range. Consumption Page 4 of 35 The economy is performing relatively well and demand for meat remains firm. However, the pork and broiler meat sectors have been producing a surplus, leading to a decline in prices in the first quarter of 2012. As a result, the hog/poultry population is expected to be reduced in 2012. The egg sector, on the other hand, remains strong and the ex-farm prices for eggs have been stable at $0.11 per unit. Given the less than optimistic outlook for demand from the swine and broiler sectors, soybean meal for feed is forecast to decline in 2011/12 and 2012/13. As mentioned above, feed compounders are turning increasingly to using full-fat soybean meal, leading to a decline in local crushing. Trade Policy & Market Access Please refer to Trade Policy & Market Access under Total Oilseeds (Soybean). 2. Palm Kernel Meal In line with the increase in palm kernel crush, palm kernel meal (PKM) production is expected to increase to 2.4 million tons in 2011/12. With a very small domestic beef and dairy sector, only minimal quantities are consumed locally, and almost all is exported. During the first 9 months of CY 2011, 1.5 million tons of PKM were exported, with the bulk going to New Zealand, South Korea, Germany, the Netherlands and the United Kingdom. With another expected increase in palm kernel crush, about 2.2 million tons is forecast to be exported in 2012/13. 3. Copra Meal Continuing its downward trend, copra meal output is expected to decrease to 21,000 tons in 2012. Any increase in copra meal production over the near term will depend on copra imports, mainly from Indonesia. The domestic feed industry consumes most of the local meal output. Exports are insignificant. 4. Fish Meal Due to depleted fish stocks, fishmeal production is expected to continue its downward trend. Imports from traditional sources such as Peru and Chile have altogether disappeared as they are also experiencing over-fishing. Malaysia is trying to source from other non-traditional suppliers such as India and Italy. Exports amounted to 18,000 tons in 2011, mainly to China, Taiwan and Bangladesh. TOTAL OILS 1. Palm Oil Page 5 of 35 Fruit-bearing area is expected to expand to 4.7 million hectares in 2011/12, while fully matured hectare equivalent (MHE) is estimated to reach 2.4 million hectares. The weather conditions have improved since the last quarter of 2011 and the high CPO prices have boosted incentives for increased fertilizer usage. However, after two years of growth in production, the palms are expected to experience biological stress; hence, yield improvement will be limited in 2012. As a result, CPO production is expected to increase only slightly to 18.5 million tons for 2011/12; the increase in matured hectare equivalent is offset by expectations for stagnant MHE yield growth. In 2012/13, yields are forecast to rebound and MHE will continue to expand; consequently, output is forecast to grow to 19 million tons. The following MHE/yield table is based on the October/September marketing year: 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 Area-MHE (1,000 ha) 2,267 2,306 2,346 2,386 2,409 2,444 Production (TMT) 17,566 17,257 17,765 18,211 18,500 19,000 Yield-MHE (Ton/ha) 7.75 7.48 7.57 7.63 7.68 7.77 [NOTE: In calculating yields, the mature hectare equivalent (MHE) approach has been used to account for the shifting age profile of Malaysia's oil palm plantings. END NOTE] Malaysia is the world?s second-leading oil palm producer and exporter (after Indonesia), supplying about 12.6 percent of global consumption of vegetable oils in 2010/11. Domestic food use amounts to less than 5 percent of total CPO production. Cooking oil accounts for 80 percent, while margarine/shortening the remaining 20 percent of the edible palm oil market. Palm kernel oil, soybean, corn and coconut account for the other edible oil consumption. The livestock sector consumes less than two percent of CPO output. The remaining palm oil goes to the industrial sector, with a significant amount being used in the oleo-chemical industry. [Please note that industrial domestic consumption in the PSD does not include bulk processed oil exports that are reflected in MY exports] With palm oil prices hovering above US$1,050/ton, the Malaysian biodiesel industry is struggling, operating at less than 10 percent capacity. A B5 mandate (a blend of 5 percent of palm methyl esters in diesel) has just started to be implemented in stages, but domestic use is not expected to take off sharply in the near term. The biodiesel sector is not competitive in the export market either. Only an estimated 15,000 tons of palm oil is expected to be used for bio-fuel. Exports totaled 12.7 million tons during Jan-Sep 2011, an increase of 3.4 percent compared to the previous year. The top five destinations (China, Pakistan, India, the Netherlands and the United States) accounted for 54 percent of the total exports. The U.S. is the fifth largest market. Exports during 2011 were an estimated 15.5 million tons, with the U.S. importing about 1 million tons for the first time. Page 6 of 35 Given production expectations, exports are forecast to increase by 1.5 percent to 17.4 million tons in 2011/12 and then grow to 17.6 million tons in 2012/13. Trade Policy and Market Access Neutralized, bleached, and deodorized palm olein is fully exempt from export tax, while CPO is subjected to 10 to 30 percent export tax, depending on market price. In addition, selected local palm oil companies with joint-ventures in export markets are given export tax waivers. Local palm oil refiners and downstream manufacturers allege that Indonesia?s recent changes to it differential export tax regime on refined products vis-à-vis CPO has reduced the competitiveness of Malaysia?s palm oil refining industry. The result, local industry representatives claim, is that the local processing industry will fall behind that of Indonesia?s, stocks in Malaysia will grow, and local prices will fall. Local players have proposed several reforms to combat Indonesia?s differential tax systems, including eliminating the duty-free export quota for CPO and CPKO, increasing the export duty on CPO and CPKO, reviewing the ?cess? collection structure, and giving smallholders indirect assistance to in some way offset any reduction in fresh fruit brunch (FFB) prices that might result if CPO/CPKO export taxes were increased. Opportunities for the Malaysian palm oil industry to develop and commercialize bio-engineered oil palm and palm products would be severely constrained by the Biosafety Act (Please see section on GMO/Biotech Safety Issue under Total Oilseeds), particularly the mandatory labeling requirement. Mandatory GM labeling would be required for low saturated fat and high oleic acid varieties under development. In addition, research and development would be hampered by terms of the Bill. 2. Palm Kernel Oil With an increase in palm kernel crushing, palm kernel oil (PKO) output is expected to increase two percent to 2.1 million tons in 2011/12. Stronger growth is anticipated for 2012/13, with PKO output estimated to reach 2.2 million tons. The local oleo-chemical industry utilized about 1.3 million tons of PKO, about 61 percent of the PKO production in 2011. With 16 oleochemical plants with a capacity of 1.9 million tons, there is much potential for growth in the Malaysian oleo-chemical industry. The sector will continue to compete with overseas buyers for crude as well as processed PKO. PKO exports are forecast to increase about one percent to one million tons in 2011/12. The main destinations are the U.S., China, Japan, Brazil and Egypt. With an expected bigger increase in PKO output in 2012/13, about 1.1 million tons of PKO are expected to be available for exports. 3. Soybean Oil In line with a decline in soy crush, local soyoil production is expected to drop to 57,000 tons in 2011/12. Soy crush is expected to continue to decline in 2012/13 and domestic soyoil output is forecast to decline to 54,000 tons. Page 7 of 35 Soybean oil consumption accounts for less than 5 percent of total food use consumption of oil in Malaysia. Soybean oil is consumed primarily as premium-quality cooking oil and is priced well above the price for palm oil. It is also blended with local tropical oils and sold in the domestic retail market. At times, Malaysian soy crushers continue to find it profitable to refine imported crude soyoil for re- exports to third countries. About 116,000 tons of value-added soyoil is forecast to be exported in 2011/12, with Philippines, Australia, Singapore and Indonesia being the main destinations. 4. Coconut Oil Total crude coconut oil imports are expected to increase to 180,000 tons in 2012. Most of the imports are further refined and re-exported to third countries. Exports of refined coconut oil are forecast to increase slightly to 155,000 tons in 2012, with the major markets being Singapore and Russia. Coconut oil accounts for less than 1 percent of local consumption. Oil, Palm PSD Oil, Palm Malaysia 2010/2011 2011/2012 2012/2013 Market Year Begin: Oct 2010 Market Year Begin: Oct 2011 Market Year Begin: Oct 2012 USDA Official New Post USDA Official New Post USDA Official New Post Area Planted 4,680 4,940 4,680 5,080 5,200 Area Harvested 4,300 4,480 4,300 4,690 4,810 Trees 0 0 0 0 0 Beginning Stocks 1,756 1,756 1,878 2,100 2,000 Production 18,215 18,211 18,700 18,500 19,000 MY Imports 1,723 1,310 1,710 1,200 1,250 MY Imp. from U.S. 0 0 0 0 0 MY Imp. from EU 0 0 0 0 0 Total Supply 21,694 21,277 22,288 21,800 22,250 MY Exports 16,318 17,151 16,700 17,400 17,550 MY Exp. to EU 2,000 1,933 2,000 2,030 2,130 Page 8 of 35 Industrial Dom. Cons. 2,378 916 2,487 1,273 1,315 Food Use Dom. Cons. 880 870 900 897 1,015 Feed Waste Dom. Cons. 240 240 200 230 240 Total Dom. Cons. 3,498 2,026 3,587 2,400 2,570 Ending Stocks 1,878 2,100 2,001 2,000 2,130 Total Distribution 21,694 21,277 22,288 21,800 22,250 1000 HA, 1000 TREES, 1000 MT Page 9 of 35 Prices Table Prices Table Country Malaysia Commodity Oil, Palm Prices in Ringgit per uom Metric Ton Year 2010 2011 % Change Jan 2515 3769 50% Feb 2549 3811 50% Mar 2624 3498 33% Apr 2537 3372 33% May 2529 3373 33% Jun 2513 3288 31% Jul 2453 3087 26% Aug 2718 3115 15% Sep 2719 3062 13% Oct 2853 2838 -1% Nov 3251 3069 -6% Dec 3620 3058 -16% Exchange Rate 3.051 Local Currency/US $ Date of Quote 03/14/2012 MM/DD/YYYY Page 10 of 35 Import Trade Matrix Import Trade Matrix Country Malaysia Commodity Oil, Palm Time Period 2010: Jan-Dec, 2011: Jan-Sep Units: TMT Imports for: 2010 2011 U.S. U.S. Others Others Indonesia 1158 Indonesia 1013 Papua N. Guinea 30 Thailand 76 Thailand 24 Papua N. Guinea 27 Cambodia 2 Cambodia 2 Philippines 1 Total for Others 1214 1119 Others not Listed Grand Total 1214 1119 Page 11 of 35 Exports Trade Matrix Export Trade Matrix Country Malaysia Commodity Oil, Palm Time Period 2010: Jan-Dec, 2011: Jan-Sep Units: TMT Exports for: 2010 2011 U.S. 957 U.S. 723 Others Others China 3588 China 2893 Pakistan 2192 Pakistan 1274 Netherlands 1102 India 1116 India 1052 Netherlands 885 Egypt 912 Egypt 597 Japan 542 Japan 413 Benin 482 Philippines 390 U.A. Emirates 457 Nigeria 284 Singapore 410 Vietnam 283 Vietnam 353 U.A. Emirates 281 Total for Others 11090 8416 Others not Listed 4531 3556 Grand Total 16578 12695 Page 12 of 35 Oilseeds, Palm Kernel PSD Oilseed, Palm Kernel Malaysia 2010/2011 2011/2012 2012/2013 Market Year Begin: Oct 2010 Market Year Begin: Oct 2011 Market Year Begin: Oct 2012 USDA Official New Post USDA Official New Post USDA Official New Post Area Planted 0 4,940 0 5,080 5,200 Area Harvested 2,670 4,480 2,750 4,690 4,810 Trees 0 0 0 0 0 Beginning Stocks 100 100 120 102 107 Production 4,521 4,522 4,680 4,625 4,780 MY Imports 0 0 0 0 0 MY Imp. from U.S. 0 0 0 0 0 MY Imp. from EU 0 0 0 0 0 Total Supply 4,621 4,622 4,800 4,727 4,887 MY Exports 0 0 0 0 0 MY Exp. to EU 0 0 0 0 0 Crush 4,501 4,520 4,680 4,620 4,770 Food Use Dom. Cons. 0 0 0 0 0 Feed Waste Dom. Cons. 0 0 0 0 0 Total Dom. Cons. 4,501 4,520 4,680 4,620 4,770 Ending Stocks 120 102 120 107 117 Total Distribution 4,621 4,622 4,800 4,727 4,887 1000 HA, 1000 TREES, 1000 MT Page 13 of 35 Prices Table Prices Table Country Malaysia Commodity Oilseed, Palm Kernel Prices in Ringgit per uom Metric Ton Year 2010 2011 % Change Jan 1360 3174 133% Feb 1380 3298 139% Mar 1507 2707 80% Apr 1531 2573 68% May 1545 2614 69% Jun 1592 2412 52% Jul 1612 1896 18% Aug 1742 1927 11% Sep 1812 1847 2% Oct 2092 1453 -31% Nov 2386 1759 -26% Dec 2746 1939 -29% Exchange Rate 3.051 Local Currency/US $ Date of Quote 03/14/2012 MM/DD/YYYY Page 14 of 35 Oil, Palm Kernel PSD Oil, Palm Kernel Malaysia 2010/2011 2011/2012 2012/2013 Market Year Begin: Oct 2010 Market Year Begin: Oct 2011 Market Year Begin: Oct 2012 USDA Official New Post USDA Official New Post USDA Official New Post Crush 4,501 4,520 4,680 4,620 4,770 Extr. Rate, 999.9999 0 0 0 0 0 Beginning Stocks 218 218 163 280 250 Production 2,060 2,072 2,150 2,115 2,190 MY Imports 544 525 550 500 510 MY Imp. from U.S. 0 0 0 0 0 MY Imp. from EU 0 0 0 0 0 Total Supply 2,822 2,815 2,863 2,895 2,950 MY Exports 1,357 1,023 1,388 1,030 1,100 MY Exp. to EU 0 73 0 80 90 Industrial Dom. Cons. 1,192 1,402 1,230 1,500 1,540 Food Use Dom. Cons. 110 110 115 115 120 Feed Waste Dom. Cons. 0 0 0 0 0 Total Dom. Cons. 1,302 1,512 1,345 1,615 1,660 Ending Stocks 163 280 130 250 190 Total Distribution 2,822 2,815 2,863 2,895 2,950 1000 MT, PERCENT Page 15 of 35 Prices Table Prices Table Country Malaysia Commodity Oil, Palm Kernel Prices in Ringgit per uom Metric Ton Year 2010 2011 % Change Jan 2887 6491 125% Feb 2925 6835 134% Mar 3243 5709 76% Apr 3218 5407 68% May 3273 5519 69% Jun 3350 5223 56% Jul 3365 3960 18% Aug 3557 3998 12% Sep 3667 3789 3% Oct 4224 3008 -29% Nov 4893 3705 -24% Dec 5577 4099 -27% Exchange Rate 3.051 Local Currency/US $ Date of Quote 03/14/2012 MM/DD/YYYY Page 16 of 35 Import Trade Matrix Import Trade Matrix Country Malaysia Commodity Oil, Palm Kernel Time Period 2010: Jan-Dec, 2011: Jan-Sep Units: TMT Imports for: 2010 2011 U.S. U.S. Others Others Indonesia 505 Indonesia 313 Thailand 43 Thailand 52 Philippines 1 Total for Others 548 366 Others not Listed Grand Total 548 366 Page 17 of 35 Exports Trade Matrix Export Trade Matrix Country Malaysia Commodity Oil, Palm Kernel Time Period 2010: Jan-Dec, 2011: Jan-Sep Units: TMT Exports for: 2010 2011 U.S. 227 U.S. 193 Others Others China 169 China 100 Japan 87 Japan 71 Egypt 75 Brazil 52 Brazil 67 Egypt 44 Ukraine 50 Thailand 37 Thailand 40 Netherlands 35 Netherlands 24 Ukraine 33 Russian Fed. 22 Turkey 18 South Africa 20 Indonesia 16 Greece 16 Germany 13 Total for Others 570 419 Others not Listed 174 125 Grand Total 971 737 Page 18 of 35 Meal, Palm Kernel PSD Meal, Palm Kernel Malaysia 2010/2011 2011/2012 2012/2013 Market Year Begin: Oct 2010 Market Year Begin: Oct 2011 Market Year Begin: Oct 2012 USDA Official New Post USDA Official New Post USDA Official New Post Crush 4,501 4,520 4,680 4,620 4,770 Extr. Rate, 999.9999 1 1 1 1 1 Beginning Stocks 80 80 62 56 50 Production 2,400 2,312 2,500 2,400 2,480 MY Imports 0 0 0 0 0 MY Imp. from U.S. 0 0 0 0 0 MY Imp. from EU 0 0 0 0 0 Total Supply 2,480 2,392 2,562 2,456 2,530 MY Exports 2,118 2,126 2,140 2,160 2,200 MY Exp. to EU 1,230 818 1,230 900 950 Industrial Dom. Cons. 0 0 0 0 0 Food Use Dom. Cons. 0 0 0 0 0 Feed Waste Dom. Cons. 300 210 375 246 270 Total Dom. Cons. 300 210 375 246 270 Ending Stocks 62 56 47 50 60 Total Distribution 2,480 2,392 2,562 2,456 2,530 1000 MT, PERCENT Page 19 of 35 Export Trade Matrix Export Trade Matrix Country Malaysia Commodity Meal, Palm Kernel Time Period 2010: Jan-Dec, 2011: Jan-Sep Units: TMT Exports for: 2010 2011 U.S. U.S. Others Others Netherlands 589 New Zealand 406 New Zealand 555 Korea Rep. 323 Korea Rep. 451 Germany, FR 300 China 233 Netherlands 227 Germany, FR 192 United Kingdom 71 Saudi Arabia 47 Saudi Arabia 67 Taiwan 22 China 53 United Kingdom 21 Pakistan 31 Pakistan 19 Vietnam 13 Vietnam 17 Turkey 12 Total for Others 2146 1503 Others not Listed 40 29 Grand Total 2186 1532 Page 20 of 35 Oilseeds, Soybean PSD Oilseed, Soybean Malaysia 2010/2011 2011/2012 2012/2013 Market Year Begin: Oct 2010 Market Year Begin: Oct 2011 Market Year Begin: Oct 2012 USDA Official New Post USDA Official New Post USDA Official New Post Area Planted 0 0 0 0 0 Area Harvested 0 0 0 0 0 Beginning Stocks 15 15 33 34 44 Production 0 0 0 0 0 MY Imports 610 614 620 595 610 MY Imp. from U.S. 360 365 340 350 360 MY Imp. from EU 0 0 0 0 0 Total Supply 625 629 653 629 654 MY Exports 25 25 25 25 30 MY Exp. to EU 0 0 0 0 0 Crush 400 365 420 320 300 Food Use Dom. Cons. 135 135 144 140 145 Feed Waste Dom. Cons. 32 70 32 100 130 Total Dom. Cons. 567 570 596 560 575 Ending Stocks 33 34 32 44 49 Total Distribution 625 629 653 629 654 1000 HA, 1000 MT Page 21 of 35 Import Trade Matrix Import Trade Matrix Country Malaysia Commodity Oilseed, Soybean Time Period 2010: Jan-Dec, 2011: Jan-Sep Units: TMT Imports for: 2010 2011 U.S. 349 U.S. 301 Others Others Argentina 107 Argentina 48 Canada 104 Canada 46 South Africa 66 South Africa 40 India 6 China 23 China 2 Paraguay 5 Australia 1 India 3 New Zealand 1 Brazil 1 Brazil 1 Uruguay 1 Total for Others 288 167 Others not Listed 1 Grand Total 638 468 Page 22 of 35 Meal, Soybean PSD Meal, Soybean Malaysia 2010/2011 2011/2012 2012/2013 Market Year Begin: Oct 2010 Market Year Begin: Oct 2011 Market Year Begin: Oct 2012 USDA Official New Post USDA Official New Post USDA Official New Post Crush 400 365 420 320 300 Extr. Rate, 999.9999 1 1 1 1 1 Beginning Stocks 22 22 29 20 20 Production 315 286 331 250 235 MY Imports 1,028 1,024 1,170 1,000 1,010 MY Imp. from U.S. 100 18 100 10 15 MY Imp. from EU 0 0 0 0 0 Total Supply 1,365 1,332 1,530 1,270 1,265 MY Exports 38 27 35 30 33 MY Exp. to EU 0 0 0 0 0 Industrial Dom. Cons. 0 0 0 0 0 Food Use Dom. Cons. 0 0 0 0 0 Feed Waste Dom. Cons. 1,298 1,285 1,475 1,220 1,210 Total Dom. Cons. 1,298 1,285 1,475 1,220 1,210 Ending Stocks 29 20 20 20 22 Total Distribution 1,365 1,332 1,530 1,270 1,265 1000 MT, PERCENT Page 23 of 35 Import Trade Matrix Import Trade Matrix Country Malaysia Commodity Meal, Soybean Time Period 2010: Jan-Dec, 2011: Jan-Sep Units: TMT Imports for: 2010 2011 U.S. 64 U.S. 1 Others Others Argentina 994 Argentina 684 China 17 Singapore 13 India 15 India 9 Singapore 7 China 6 Australia 4 Korea Rep. Of 6 Korea Rep. Of 3 Denmark 1 Total for Others 1040 719 Others not Listed 1 Grand Total 1105 720 Page 24 of 35 Oil, Soybean PSD Oil, Soybean Malaysia 2010/2011 2011/2012 2012/2013 Market Year Begin: Oct 2010 Market Year Begin: Oct 2011 Market Year Begin: Oct 2012 USDA Official New Post USDA Official New Post USDA Official New Post Crush 400 365 420 320 300 Extr. Rate, 999.9999 0 0 0 0 0 Beginning Stocks 10 10 4 4 5 Production 72 65 75 57 54 MY Imports 81 81 90 80 90 MY Imp. from U.S. 0 0 0 0 0 MY Imp. from EU 0 0 0 0 0 Total Supply 163 156 169 141 149 MY Exports 134 134 135 116 122 MY Exp. to EU 0 0 0 0 0 Industrial Dom. Cons. 0 0 0 0 0 Food Use Dom. Cons. 25 18 28 20 22 Feed Waste Dom. Cons. 0 0 0 0 0 Total Dom. Cons. 25 18 28 20 22 Ending Stocks 4 4 6 5 5 Total Distribution 163 156 169 141 149 1000 MT, PERCENT Page 25 of 35 Import Trade Matrix Import Trade Matrix Country Malaysia Commodity Oil, Soybean Time Period 2010: Jan-Dec, 2011: Jan-Sep Units: TMT Imports for: 2010 2011 U.S. 31 U.S. Others Others Argentina 47 Argentina 40 Brazil 18 Vietnam 1 Total for Others 47 59 Others not Listed Grand Total 78 59 Page 26 of 35 Export Trade Matrix Export Trade Matrix Country Malaysia Commodity Oil, Soybean Time Period 2010: Jan-Dec, 2011: Jan-Sep Units: TMT Exports for: 2010 2011 U.S. U.S. Others Others Philippines 27 Philippines 21 Australia 25 Australia 20 Vietnam 21 Singapore 16 Singapore 17 Indonesia 12 Indonesia 16 Vietnam 6 New Zealand 6 New Zealand 4 Madagascar 6 Hong Kong 3 Sudan 4 Japan 2 China 3 Fiji 2 Pakistan 3 China 1 Total for Others 128 87 Others not Listed 7 9 Grand Total 135 96 Page 27 of 35 Oilseeds, Copra PSD Oilseed, Copra Malaysia 2010/2011 2011/2012 2012/2013 Market Year Begin: Jan 2011 Market Year Begin: Jan 2012 Market Year Begin: Jan 2013 USDA Official New Post USDA Official New Post USDA Official New Post Area Planted 0 93 0 92 91 Area Harvested 0 61 0 60 60 Trees 0 0 0 0 0 Beginning Stocks 1 1 1 2 1 Production 31 30 30 29 28 MY Imports 30 32 30 30 31 MY Imp. from U.S. 0 0 0 0 0 MY Imp. from EU 0 0 0 0 0 Total Supply 62 63 61 61 60 MY Exports 1 1 1 1 1 MY Exp. to EU 0 0 0 0 0 Crush 60 60 59 59 58 Food Use Dom. Cons. 0 0 0 0 0 Feed Waste Dom. Cons. 0 0 0 0 0 Total Dom. Cons. 60 60 59 59 58 Ending Stocks 1 2 1 1 1 Total Distribution 62 63 61 61 60 1000 HA, 1000 TREES, 1000 MT Page 28 of 35 Meal, Copra PSD Meal, Copra Malaysia 2010/2011 2011/2012 2012/2013 Market Year Begin: Jan 2011 Market Year Begin: Jan 2012 Market Year Begin: Jan 2013 USDA Official New Post USDA Official New Post USDA Official New Post Crush 60 60 59 59 58 Extr. Rate, 999.9999 0 0 0 0 0 Beginning Stocks 0 0 0 2 1 Production 21 22 21 21 20 MY Imports 0 0 0 0 0 MY Imp. from U.S. 0 0 0 0 0 MY Imp. from EU 0 0 0 0 0 Total Supply 21 22 21 23 21 MY Exports 4 1 4 1 1 MY Exp. to EU 0 0 0 0 0 Industrial Dom. Cons. 14 14 14 15 14 Food Use Dom. Cons. 0 0 0 0 0 Feed Waste Dom. Cons. 3 5 3 6 5 Total Dom. Cons. 17 19 17 21 19 Ending Stocks 0 2 0 1 1 Total Distribution 21 22 21 23 21 1000 MT, PERCENT Page 29 of 35 Oil, Coconut PSD Oil, Coconut Malaysia 2010/2011 2011/2012 2012/2013 Market Year Begin: Jan 2011 Market Year Begin: Jan 2012 Market Year Begin: Jan 2012 USDA Official New Post USDA Official New Post USDA Official New Post Crush 60 60 59 59 58 Extr. Rate, 999.9999 1 1 1 1 1 Beginning Stocks 51 51 43 42 40 Production 37 38 37 37 37 MY Imports 170 166 150 180 190 MY Imp. from U.S. 0 0 0 0 0 MY Imp. from EU 0 0 0 0 0 Total Supply 258 255 230 259 267 MY Exports 147 153 150 155 160 MY Exp. to EU 10 19 10 20 20 Industrial Dom. Cons. 33 40 25 43 45 Food Use Dom. Cons. 35 20 35 21 22 Feed Waste Dom. Cons. 0 0 0 0 0 Total Dom. Cons. 68 60 60 64 67 Ending Stocks 43 42 20 40 40 Total Distribution 258 255 230 259 267 1000 MT, PERCENT Page 30 of 35 Import Trade Matrix Import Trade Matrix Country Malaysia Commodity Oil, Coconut Time Period 2010: Jan-Dec; 2011: Jan-Sep Units: TMT Imports for: 2010 2011 U.S. U.S. Others Others Indonesia 154 Indonesia 109 Philippines 34 Australia 7 Thailand 4 Papua N. Guinea 6 Papua N. Guinea 4 Vanuatu 1 Total for Others 196 123 Others not Listed 1 1 Grand Total 197 124 Page 31 of 35 Export Trade Matrix Export Trade Matrix Country Malaysia Commodity Oil, Coconut Time Period 2010: Jan-Dec; 2011: Jan-Sep Units: TMT Exports for: 2010 2011 U.S. 11 U.S. 7 Others Others Russian Fed 20 Russian Fed 14 Singapore 18 Singapore 14 Thailand 12 Egypt 13 Australia 12 Australia 10 Ukraine 8 Ukraine 9 Sweden 7 Thailand 8 Pakistan 6 Netherlands 7 Kuwait 5 Sweden 6 Argentina 4 Iran 4 Egypt 4 Pakistan 3 Total for Others 96 88 Others not Listed 42 33 Grand Total 149 128 Page 32 of 35 Meal, Fish PSD Meal, Fish Malaysia 2010/2011 2011/2012 2012/2013 Market Year Begin: Jan 2011 Market Year Begin: Jan 2012 Market Year Begin: Jan 2013 USDA Official New Post USDA Official New Post USDA Official New Post Catch For Reduction 240 238 240 236 234 Extr. Rate, 999.9999 0 0 0 0 0 Beginning Stocks 5 5 5 4 5 Production 57 56 57 55 54 MY Imports 25 4 25 20 22 MY Imp. from U.S. 0 0 0 0 0 MY Imp. from EU 0 0 0 0 0 Total Supply 87 65 87 79 81 MY Exports 17 18 17 20 20 MY Exp. to EU 0 0 0 0 0 Industrial Dom. Cons. 0 0 0 0 0 Food Use Dom. Cons. 0 0 0 0 0 Feed Waste Dom. Cons. 65 43 65 54 56 Total Dom. Cons. 65 43 65 54 56 Ending Stocks 5 4 5 5 5 Total Distribution 87 65 87 79 81 1000 MT, PERCENT Page 33 of 35 Import Trade Matrix Import Trade Matrix Country Malaysia Commodity Meal, Fish Time Period 2010: Jan-Dec; 2011: Jan-Sep Units: TMT Imports for: 2010 2011 U.S. U.S. Others Others India 3 India 1 Italy 3 Taiwan 1 Taiwan 3 Spain 1 Total for Others 10 2 Others not Listed 1 1 Grand Total 11 3 Page 34 of 35 Export Trade Matrix Export Trade Matrix Country Malaysia Commodity Meal, Fish Time Period 2010: Jan-Dec; 2011: Jan-Sep Units: TMT Exports for: 2010 2011 U.S. U.S. Others Others China 9 Taiwan 8 Taiwan 6 China 4 Bangladesh 2 Sri Lanka 1 Bangladesh 1 Total for Others 17 14 Others not Listed 1 Grand Total 18 14 END OF REPORT. Page 35 of 35
Posted: 24 March 2012

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