1887

OECD-FAO Agricultural Outlook 2019-2028 - © OECD 2019

‌C.2World oilseed projections
C.2World oilseed projections
  Marketing year
‌‌
‌‌
Average
2016-18est
‌2019‌
‌2020‌
‌2021‌
‌2022‌
‌2023‌
‌2024‌
‌2025‌
‌2026‌
‌2027‌
2028
SOYBEAN
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
352.8
 
357.1
 
362.1
 
368.5
 
374.6
 
381.8
 
387.5
 
393.2
 
398.9
 
404.8
 
411.0
 
Area
Mha
124.3
 
126.3
 
127.2
 
128.1
 
129.0
 
130.1
 
131.0
 
131.8
 
132.6
 
133.4
 
134.3
 
Yield
t/ha
2.84
 
2.83
 
2.85
 
2.88
 
2.90
 
2.93
 
2.96
 
2.98
 
3.01
 
3.03
 
3.06
 
Consumption
Mt
347.0
 
358.8
 
365.5
 
370.8
 
376.1
 
381.8
 
387.5
 
393.1
 
398.9
 
404.8
 
410.9
 
Crush
Mt
311.8
 
322.5
 
329.2
 
334.3
 
339.3
 
344.7
 
350.1
 
355.5
 
361.1
 
366.8
 
372.4
 
Closing stocks
Mt
42.6
 
50.9
 
47.5
 
45.2
 
43.7
 
43.6
 
43.7
 
43.8
 
43.7
 
43.8
 
43.9
 
Price 1
USD/t
393.8
 
373.5
 
395.9
 
403.0
 
415.4
 
421.2
 
431.0
 
440.3
 
450.3
 
459.5
 
465.8
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
140.9
 
129.6
 
131.0
 
133.3
 
135.4
 
138.2
 
140.3
 
142.3
 
144.4
 
146.6
 
148.8
 
Consumption
Mt
91.2
 
94.0
 
95.2
 
96.1
 
97.0
 
98.0
 
99.0
 
100.0
 
101.0
 
102.1
 
103.3
 
Crush
Mt
82.2
 
84.5
 
85.7
 
86.6
 
87.4
 
88.3
 
89.2
 
90.1
 
91.1
 
92.1
 
93.1
 
Closing stocks
Mt
19.4
 
27.2
 
23.8
 
21.5
 
19.9
 
19.5
 
19.4
 
19.3
 
19.1
 
19.0
 
18.9
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
211.9
 
227.4
 
231.1
 
235.2
 
239.2
 
243.6
 
247.3
 
250.8
 
254.5
 
258.3
 
262.2
 
Consumption
Mt
255.8
 
264.8
 
270.3
 
274.7
 
279.1
 
283.8
 
288.5
 
293.1
 
297.9
 
302.8
 
307.7
 
Crush
Mt
229.6
 
238.0
 
243.4
 
247.7
 
251.9
 
256.5
 
260.9
 
265.4
 
270.0
 
274.7
 
279.4
 
Closing stocks
Mt
23.3
 
23.7
 
23.7
 
23.8
 
23.8
 
24.1
 
24.3
 
24.5
 
24.6
 
24.8
 
25.0
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
131.8
 
119.7
 
121.0
 
123.0
 
124.9
 
127.4
 
129.3
 
131.1
 
133.0
 
134.9
 
136.9
 
Consumption
Mt
91.3
 
93.8
 
95.0
 
96.0
 
97.0
 
98.0
 
99.1
 
100.1
 
101.2
 
102.2
 
103.4
 
Crush
Mt
82.3
 
84.3
 
85.6
 
86.5
 
87.4
 
88.4
 
89.4
 
90.3
 
91.3
 
92.3
 
93.2
 
Closing stocks
Mt
19.5
 
27.0
 
23.7
 
21.4
 
19.8
 
19.5
 
19.3
 
19.2
 
19.0
 
18.9
 
18.7
 
OTHER OILSEEDS
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
152.8
 
157.2
 
158.9
 
161.7
 
164.1
 
166.5
 
168.9
 
171.2
 
173.4
 
175.6
 
178.0
 
Area
Mha
88.7
 
90.3
 
90.4
 
91.1
 
91.6
 
92.1
 
92.6
 
93.0
 
93.4
 
93.8
 
94.3
 
Yield
t/ha
1.72
 
1.74
 
1.76
 
1.77
 
1.79
 
1.81
 
1.82
 
1.84
 
1.86
 
1.87
 
1.89
 
Consumption
Mt
151.9
 
156.8
 
159.3
 
161.5
 
163.9
 
166.3
 
168.7
 
171.0
 
173.3
 
175.5
 
178.0
 
Crush
Mt
130.8
 
135.6
 
137.9
 
139.8
 
142.1
 
144.2
 
146.3
 
148.4
 
150.5
 
152.4
 
154.7
 
Closing stocks
Mt
8.5
 
8.4
 
8.0
 
8.2
 
8.4
 
8.7
 
8.9
 
9.1
 
9.2
 
9.4
 
9.4
 
Price 3
USD/t
428.0
 
426.3
 
431.5
 
441.5
 
453.3
 
458.2
 
466.0
 
475.5
 
484.3
 
494.5
 
497.1
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
92.5
 
95.5
 
96.2
 
98.0
 
99.4
 
100.7
 
102.0
 
103.2
 
104.4
 
105.5
 
106.8
 
Consumption
Mt
82.7
 
85.6
 
86.8
 
87.6
 
88.7
 
89.6
 
90.6
 
91.4
 
92.3
 
93.1
 
94.1
 
Crush
Mt
75.0
 
78.0
 
79.0
 
79.8
 
80.8
 
81.7
 
82.6
 
83.3
 
84.2
 
85.0
 
85.9
 
Closing stocks
Mt
6.2
 
6.4
 
6.0
 
6.2
 
6.3
 
6.6
 
6.8
 
6.9
 
7.0
 
7.1
 
7.1
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
60.3
 
61.6
 
62.7
 
63.7
 
64.7
 
65.8
 
66.9
 
68.0
 
69.1
 
70.1
 
71.2
 
Consumption
Mt
69.3
 
71.2
 
72.6
 
73.9
 
75.2
 
76.7
 
78.1
 
79.6
 
81.0
 
82.3
 
83.8
 
Crush
Mt
55.8
 
57.7
 
58.9
 
60.1
 
61.3
 
62.5
 
63.8
 
65.1
 
66.3
 
67.5
 
68.8
 
Closing stocks
Mt
2.3
 
2.0
 
2.0
 
2.1
 
2.1
 
2.1
 
2.1
 
2.2
 
2.2
 
2.2
 
2.3
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
61.0
 
61.1
 
61.2
 
62.3
 
63.0
 
63.6
 
64.2
 
64.7
 
65.1
 
65.5
 
66.0
 
Consumption
Mt
56.2
 
56.9
 
57.5
 
57.8
 
58.3
 
58.7
 
59.1
 
59.4
 
59.7
 
59.9
 
60.3
 
Crush
Mt
50.3
 
50.9
 
51.5
 
51.7
 
52.2
 
52.5
 
52.9
 
53.1
 
53.4
 
53.7
 
54.0
 
Closing stocks
Mt
5.3
 
5.5
 
5.1
 
5.3
 
5.5
 
5.7
 
5.9
 
6.1
 
6.2
 
6.3
 
6.3
 
PROTEIN MEALS
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
343.0
 
354.5
 
361.3
 
366.6
 
372.2
 
377.9
 
383.7
 
389.4
 
395.3
 
401.1
 
407.2
 
Consumption
Mt
342.0
 
354.6
 
361.3
 
366.5
 
372.1
 
377.8
 
383.6
 
389.3
 
395.2
 
401.0
 
407.1
 
Closing stocks
Mt
15.3
 
13.8
 
13.8
 
13.9
 
13.9
 
14.0
 
14.1
 
14.2
 
14.2
 
14.3
 
14.4
 
Price 4
USD/t
332.5
 
325.2
 
335.7
 
339.6
 
348.3
 
353.4
 
360.8
 
367.9
 
376.1
 
382.7
 
387.2
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
108.7
 
111.4
 
112.9
 
114.0
 
115.2
 
116.3
 
117.5
 
118.6
 
119.8
 
121.0
 
122.2
 
Consumption
Mt
124.4
 
127.2
 
128.4
 
129.2
 
130.0
 
130.8
 
131.6
 
132.3
 
133.1
 
133.9
 
134.7
 
Closing stocks
Mt
1.9
 
1.8
 
1.8
 
1.8
 
1.8
 
1.8
 
1.9
 
1.9
 
1.9
 
1.9
 
1.9
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
234.2
 
243.1
 
248.3
 
252.6
 
257.0
 
261.6
 
266.2
 
270.8
 
275.5
 
280.2
 
285.0
 
Consumption
Mt
217.6
 
227.3
 
232.8
 
237.3
 
242.1
 
247.0
 
252.0
 
257.0
 
262.1
 
267.2
 
272.4
 
Closing stocks
Mt
13.5
 
12.0
 
12.0
 
12.1
 
12.1
 
12.2
 
12.2
 
12.3
 
12.4
 
12.5
 
12.6
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
99.1
 
100.6
 
102.1
 
103.0
 
104.0
 
105.1
 
106.1
 
107.0
 
108.1
 
109.0
 
110.1
 
Consumption
Mt
128.0
 
130.6
 
132.2
 
133.3
 
134.3
 
135.4
 
136.5
 
137.5
 
138.6
 
139.6
 
140.7
 
Closing stocks
Mt
1.6
 
1.4
 
1.5
 
1.5
 
1.5
 
1.5
 
1.5
 
1.5
 
1.5
 
1.5
 
1.6
 
VEGETABLE OILS
 
 
 
 
 
 
 
 
 
 
 
 
World
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
202.6
 
210.6
 
214.0
 
216.9
 
220.1
 
223.4
 
226.7
 
229.9
 
233.2
 
236.4
 
239.8
 
of which palm oil
Mt
71.3
 
74.7
 
75.6
 
76.5
 
77.6
 
78.7
 
79.8
 
80.8
 
81.8
 
82.9
 
83.9
 
Consumption
Mt
201.2
 
210.9
 
214.2
 
217.1
 
220.2
 
223.3
 
226.6
 
229.8
 
233.1
 
236.4
 
239.7
 
Food
Mt
136.3
 
140.8
 
143.2
 
145.7
 
148.2
 
150.8
 
153.6
 
156.3
 
159.2
 
162.0
 
164.8
 
Biofuel
Mt
25.4
 
29.8
 
30.5
 
30.5
 
30.4
 
30.5
 
30.4
 
30.4
 
30.3
 
30.3
 
30.2
 
Exports
Mt
81.9
 
84.6
 
85.8
 
87.0
 
88.2
 
89.2
 
90.4
 
91.6
 
92.8
 
94.1
 
95.4
 
Closing stocks
Mt
22.3
 
21.1
 
20.9
 
20.7
 
20.6
 
20.7
 
20.9
 
21.0
 
21.0
 
21.0
 
21.1
 
Price 5
USD/t
731.6
 
685.2
 
715.4
 
744.8
 
776.0
 
794.6
 
810.3
 
827.8
 
846.9
 
868.9
 
886.5
 
Developed countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
50.0
 
51.6
 
52.3
 
52.8
 
53.4
 
54.0
 
54.6
 
55.1
 
55.7
 
56.2
 
56.8
 
Consumption
Mt
53.9
 
56.1
 
56.4
 
56.7
 
57.1
 
57.2
 
57.2
 
57.2
 
57.2
 
57.2
 
57.1
 
Closing stocks
Mt
3.7
 
3.5
 
3.5
 
3.5
 
3.5
 
3.5
 
3.5
 
3.5
 
3.5
 
3.5
 
3.5
 
Developing countries
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
152.6
 
159.0
 
161.7
 
164.1
 
166.7
 
169.5
 
172.1
 
174.8
 
177.5
 
180.2
 
183.0
 
Consumption
Mt
147.3
 
154.8
 
157.8
 
160.4
 
163.1
 
166.2
 
169.4
 
172.6
 
175.9
 
179.2
 
182.6
 
Closing stocks
Mt
18.6
 
17.6
 
17.4
 
17.2
 
17.2
 
17.2
 
17.4
 
17.4
 
17.5
 
17.5
 
17.6
 
OECD 2
 
 
 
 
 
 
 
 
 
 
 
 
Production
Mt
39.6
 
40.2
 
40.7
 
41.0
 
41.4
 
41.8
 
42.2
 
42.5
 
42.8
 
43.1
 
43.5
 
Consumption
Mt
53.2
 
55.1
 
55.4
 
55.8
 
56.1
 
56.2
 
56.2
 
56.2
 
56.3
 
56.3
 
56.1
 
Closing stocks
Mt
3.3
 
3.1
 
3.1
 
3.1
 
3.1
 
3.1
 
3.1
 
3.1
 
3.1
 
3.1
 
3.1
 
Note: Average 2016-18est: Data for 2018 are estimated. Prices are in nominal terms.
Disclaimer: http://oe.cd/disclaimer
1.
Soybean, U.S., CIF Rotterdam (October/September).
2.
Excludes Iceland but includes all EU member countries
3.
Rapeseed, Europe, CIF Hamburg (October/September).
4.
Weighted average protein meal, European port (October/September).
5.
Weighted average price of oilseed oils and palm oil, European port (October/September).
Source: OECD/FAO (2019), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en

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