17 Oils and Fats: World Supply and Demand Balance

(Mn T)

January/December

2004

2003

2002

Op'g stocks

14.79

15.45

Production

125.18

120.60

117.64

Imports

43.73

40.92

38.13

Exports

47.15

44.23

40.73

Disappearance

130.81

125.79

121.53

End stocks

13.97

14.14

14.76

Stocks/usage ratio

10.7%

11.2%

12.1%

Source: ISTA Mielke GmbH, OIL WORLD, Hamburg.