Required Report - public distribution

**Date:** 10/18/2005

**GAIN Report Number:** BR5625

BR5625

**Brazil**

**Dairy and Products**

**Annual**

**2005**

**Approved by:**

![](media/image1.wmf)Alan Hrapsky, Agricultural Counselor

U.S. Embassy

**Prepared by:**

Joao F. Silva, Agricultural Specialist

**Report Highlights:**

Brazil\'s milk production is forecast to increase by 4 percent in 2006
to over 25 billion liters. Most dairy products should increase at an
average 4 percent in response to higher export demand and some
improvement in domestic consumption. Brazil is expected to continue to
have a net surplus in dairy trade next year.

Includes PSD Changes: Yes

Includes Trade Matrix: Yes

Annual Report

Brasilia \[BR1\]

\[BR\]

Table of Contents

[**Executive Summary 3**](#executive-summary)

[Commodity Outlook, Fluid Milk 3](#commodity-outlook-fluid-milk)

[Production 3](#production)

[Consumption 4](#consumption)

[Prices 4](#prices)

[Trade 4](#trade)

[Tariff Rate Table 4](#tariff-rate-table)

[Stocks 5](#stocks)

[Policy 5](#policy)

[Commodity Outlook, Cheese 6](#commodity-outlook-cheese)

[Production 6](#production-1)

[Consumption 6](#consumption-1)

[Prices 6](#prices-1)

[Trade 6](#trade-1)

[Tariff Rate Table 6](#tariff-rate-table-1)

[Commodity Outlook, Butter 7](#commodity-outlook-butter)

[Production 7](#production-2)

[Prices 7](#prices-2)

[Tariff Rate Table 7](#tariff-rate-table-2)

[Commodity Outlook, Powdered Milk 8](#commodity-outlook-powdered-milk)

[Production 8](#production-3)

[Consumption 8](#consumption-2)

[Prices 8](#prices-3)

[Trade 8](#trade-2)

[Tariff Rate Table 9](#tariff-rate-table-3)

[Stocks 10](#stocks-1)

[Policy 10](#policy-1)

[Marketing 10](#marketing)

[Tables 11](#tables)

[PSD: Dairy, Milk, Fluid 11](#psd-dairy-milk-fluid)

[Import Trade Matrix: Dairy, Milk, Fluid
12](#import-trade-matrix-dairy-milk-fluid)

[Export Trade Matrix: Dairy, Milk, Fluid
13](#export-trade-matrix-dairy-milk-fluid)

[PSD: Dairy, Cheese 14](#psd-dairy-cheese)

[Import Trade Matrix: Dairy, Cheese
15](#import-trade-matrix-dairy-cheese)

[Export Trade Matrix: Dairy, Cheese
16](#export-trade-matrix-dairy-cheese)

[PSD: Dairy, Butter 17](#psd-dairy-butter)

[Import Trade Matrix: Dairy, Butter
18](#import-trade-matrix-dairy-butter)

[Export Trade Matrix, Dairy, Butter
19](#export-trade-matrix-dairy-butter)

[PSD: Dairy, Dry Whole Milk Powder 20](#psd-dairy-dry-whole-milk-powder)

[Import Trade Matrix: Dairy, Dry Whole Milk Powder
21](#import-trade-matrix-dairy-dry-whole-milk-powder)

[Export Trade Matrix: Dairy, Dry Whole Milk Powder
22](#export-trade-matrix-dairy-dry-whole-milk-powder)

[PSD Table: Dairy, Nonfat Dry 23](#psd-table-dairy-nonfat-dry)

[Import Trade Matrix: Dairy, Nonfat Dry
24](#import-trade-matrix-dairy-nonfat-dry)

[Export Trade Matrix: Dairy, Nonfat Dry
25](#export-trade-matrix-dairy-nonfat-dry)

# Executive Summary

Market analysts project economic growth to continue in 2006 around 4
percent, reflecting the results of strong measures in fiscal and
monetary policies to curb inflation rates and the public deficit.
Spurred by record exports, most sectors of the Brazilian economy
increased their capacity utilization to meet a growing world demand for
Brazilian goods. Lower unemployment rates and increased disposable
income maintains domestic demand at good levels.

The dairy sector is expected to benefit from these improved economic
conditions. Total fluid milk production is forecast to increase by 4
percent in 2006, and most dairy products will show a similar increase in
production boosted by higher purchasing power and lower unemployment
rates. Despite the current valuation of the Brazilian currency, traders
expect Brazil to continue expanding dairy product exports in 2006.

# Commodity Outlook, Fluid Milk

# 

## Production

Note: Official milk production data in Brazil does not include
non-commercial and "informally" marketed milk, which represents about 35
percent of total milk production. Post estimates are based on interviews
with trade and government sources and include both commercial, as well
as non-commercial and informally marketed milk.

Fluid milk production for CY 2006 (Jan-Dec) is forecast by Post to
increase to 25.2 billion liters, up 4 percent from the current year. The
increase in production reflects higher productivity, mostly from milk
producers associated with large Brazilian companies, and assumes good
weather conditions in the major producing areas. Higher demand for fluid
milk from social programs and continued favorable prices for milk
producers, supported by higher dairy exports, are also expected to lead
to an increase in demand next year.

Higher productivity is the major factor contributing to increased milk
production in Brazil. The increase is coming mostly from integrated
producers who have the support of large multinational and Brazilian
dairies, such as Nestle, Parmalat, and Itambe. These companies provide
support to dairy farmers to invest in genetics, nutrition, quality, and
improved management practices. According to the most recent data
available from the 15 largest dairies in Brazil, the number of milk
producers under contract with these companies dropped from 93,221 in
2002 to 76,743 producers in 2004, but the average productivity of these
producers, increased by 5.5 percent from an average 164 liters/day per
producer in 2002 to 173 liters/day per producer in 2004. The average
producer affiliated with DPA (joint venture between Nestle and Fonterra
and the largest dairy in Brazil), produced 508 liters per day in 2004,
which shows a great difference in productivity among producers from
these 15 large dairy companies.

Brazilian dairy producers are entitled to investment funds from the
national milk development program (Pro-Leite). For the 2005/06 marketing
year, the government has allocated US\$ 33 million to finance producers
to increase productivity through herd improvement, emphasis on quality,
and improved management practices.

Another major production factor is the increasing concentration of milk
production in the industry. In 2004, the 15 largest dairy companies
should account for nearly 65 percent of total fluid milk production
under federal inspection, an increase of 5 percent from 2003.

The concentration of production among fewer dairies also contributed to
increased concentration among fewer states, with production moving from
traditional milk producing areas in Minas Gerais to new frontier areas
in the Center-West region of the country.

## Consumption

Overall consumption of fluid milk is forecast to increase by 4 percent
in CY 2006. The increase is derived mostly from consumption for
industrial use. The increase in the employment rate and in the
purchasing power of Brazilian consumers is expected to boost consumption
of dairy products. Exports of dairy products are also contributing to
higher demand of fluid milk for industrial use.

According to trade sources, consumption of Ultra High Temperature (UHT)
milk in 2006 will reach nearly 87 percent of total fluid milk
consumption in Brazil. The increase in consumption of UHT is due to
several factors, including greater convenience to consumers, carton
packaging (not glass or plastic), no need for refrigeration, and
competitive pricing. Brazilian supermarkets sell predominantly UHT milk,
leaving "C" and "B" type refrigerated fresh milk to be sold by the
traditional mom-and-pop bread and convenience stores, but at lower
volumes.

An important aspect of domestic fluid milk consumption is competition
from non-dairy products, such as soymilk, and other specialty lactose
free products. As more companies enter this specialty market, prices
decline and consumption increases. Health concerns are behind the major
increase in these non-dairy products.

## Prices

During September 2005 the average price paid to producers in Brazil was
R\$0.49 per liter (US\$ 0.19 per liter), up 10 percent from the same
period in 2004. The cost of production for the same month is estimated
at US\$ 0.18.

The average price of fluid milk (type "C") paid to producers during
Jan-Dec 2004 was R\$0.47 per liter in Minas Gerais (largest dairy state
in Brazil), followed by R\$0.42 per liter in Goias (second largest milk
producer). Assuming the average exchange rate of R\$2.91 per U.S. dollar
in 2004, these prices were respectively US\$ 0.16 and US\$ 0.14 per
liter.

## 

## Trade

# 

Brazil imports insignificant volumes of fluid milk. Most of the imports
consist of packaged UHT milk sold by companies from Argentina and
Uruguay with commercial interests in Brazil. However, Brazil is
expanding exports of condensed milk to a diversified market, including
Venezuela, Philippines, Paraguay, and the United States.

## Tariff Rate Table

+----------------+--------------------+-------------+-----------------+
| Tariff Number  | Product            | Rate (%)    | Other Info      |
|                | Description        |             |                 |
| (HTS)          |                    | \(1\)       |                 |
+----------------+--------------------+-------------+-----------------+
| 0401.10.10     | Milk and Cream,    | 14          | Mercosul: Zero  |
|                | UHT                |             |                 |
+----------------+--------------------+-------------+-----------------+
| 0401.10.10     | Milk and Cream,    | 12          | Mercosul: Zero  |
|                | UHT                |             |                 |
+----------------+--------------------+-------------+-----------------+

Note: (1) MERCOSUL's Common External Tariff (CXT). The CXT is applied to
all imports other than from MERCOSUL. These tariffs are assessed on the
CIF value of the product. In addition, imports of milk and cream pay a
PIS/COFINS (social tax) of 9.25 percent.

## Stocks

There are no government stocks of milk or milk products in Brazil.

## 

## Policy

The new Agricultural and Livestock Plan for the 2005/2006 season
announced in June 2005, by the federal government allocates about R\$
44.4 billion: (US\$ 18.9 billion) for rural credit, of which R\$11.2
billion (US\$ 4.8 billion) is for investment credit in the sector, up
4.2 percent from 2004. Dairy cattle producers can benefit from the
following investment credit programs, with subsidized interest rates
(8.75 percent per year), to increase productivity and overall milk
production:

a\) PRODEAGRO. This program incorporated last year's program called
PROLEITE. The program is designed to modernize milk producer's
operations, provide incentives for cooling milk at the farm,
transportation, and silage. For the 2005/2006 marketing year, the total
amount of funds allocated under the PRODEAGRO is R\$300 million (US\$
128 million), up 50 percent from the previous year, with a loan limit
per producer established at R\$60,000 (US\$ 25,320).

b\) MODERFROTA. This program is designed to finance farm equipment in
general. Total funds allocated under this program for 2005/2006 are
R\$5.5 billion (US\$ 2.3 million), and loan limits vary according to the
income of the producers.

c\) MODERINFRA. This program allows dairy producers to build or rebuild
silos and warehouses on their farms. The program was recently modified
to include irrigation systems. Funds allocated to this program during
2005/2006 are R\$700 million (US\$ 298 million) and are limited to
R\$100,000 (US\$ 42,553) per producer.

d\) MODERAGRO. This program is designed for pasture improvement and
recently was modified to include soil erosion and conservation of
lowlands. Total funds allocated under this program for 2005/2006 are R\$
1.2 billion (US\$ 510 million), and are limited to R\$200,000 (US\$
85,100) per producer.

Milk producers are also entitled to state dairy development programs
designed to increase productivity through pasture improvement and animal
genetics. State government programs are also developed to assist and
improve social and economic conditions of the small milk producers.
However, the most important state subsidy program to milk producers is
the exemption of the state value-added tax (ICMS) on the sale of milk by
producers and cooperatives. This benefit, however, is only available for
few a states in Brazil, mostly in the center-west and south regions.

In addition to these federal and state programs, milk producers also
benefit from financing programs from large dairies, such as Nestle and
Parmalat, which are specifically designed to increase milk productivity
and quality. These programs are only available for those integrated milk
producers with these respective dairies.

# 

# Commodity Outlook, Cheese

## Production 

Note: There are no official statistics on production and consumption of
cheese in Brazil. OAA production estimates for cheese are based on
interviews with trade contacts and also include "informal" cheese
production.

Post forecasts cheese production in CY 2006 to increase by three percent
reflecting some improvement in the domestic demand for cheese combined
with booming cheese exports.

## Consumption 

Human consumption of fresh cheese is expected to increase in 2005/06
reflecting the higher purchasing power of consumers. However, most of
the increase in demand will continue to come from the fast-food
industry, institutional, and "specialty" cheeses (Gruyere, Gouda,
Cheddar). The Cheese Producers Association will initiate in 2006 a
campaign to increase cheese consumption among Brazilians.

## 

## Prices

Average wholesale prices of Brazilian-produced cheese by major types
are:

  ------------------------------------------ ----------------------------
  Type                                       US\$/Kilogram

  Minas (fresh farmer type)                  8.60

  Mozzarella                                 7.90

  Provolone                                  8.70

  Parmesan                                   10.20
  ------------------------------------------ ----------------------------

Notes: (1) Prices for Sao Paulo market, as of 10/19/2005.

\(2\) Current Exchange Rate: US\$ 1.00=R\$2.23

## Trade 

Cheese imports are expected to stabilize in 2005/06 after several years
of continued drop in cheese imports. Argentina and Uruguay remain as the
main suppliers of cheese to Brazil, basically because of the
preferential tariff treatment deriving from the MERCOSUL Agreement.

Exports of cheese are booming in 2005 and are expected to increase in
2006, but at a lower rate because the valuation of the Brazilian
currency is decreasing the profit margins of exporters and reducing
Brazilian competitiveness in some of the world markets.

## Tariff Rate Table

+--------------+---------------------------+----------+---------------+
| Tariff       | Product Description       | Rate (%) | Other Info    |
| Number       |                           |          |               |
|              |                           |          |               |
| (HTS)        |                           |          |               |
+--------------+---------------------------+----------+---------------+
| 0406.10.10   | Cheese, Mozzarella        | 16       | Mercosul: 27% |
+--------------+---------------------------+----------+---------------+
| 0406.10.90   | Cheese, Other             | 16       | Mercosul:     |
|              |                           |          | Zero          |
+--------------+---------------------------+----------+---------------+
| 0406.20.00   | Cheese: Grated or         | 16       | Mercosul:     |
|              | Powdered                  |          | Zero          |
+--------------+---------------------------+----------+---------------+
| 0406.90.10   | Cheese, with a fat        | 16       | Mercosul: 27% |
|              | content less than 36 %,   |          |               |
|              | by weight                 |          |               |
+--------------+---------------------------+----------+---------------+
| 0406.90.20   | Cheese with a fat content | 16       | Mercosul: 27% |
|              | superior or equal to 36 % |          |               |
|              | and less than 46%,by      |          |               |
|              | weight                    |          |               |
+--------------+---------------------------+----------+---------------+

Notes:

\(1\) MERCOSUL' s Common External Tariff (CXT). The CXT tariff is
applied to all imports other than from MERCOSUL. These tariffs are
assessed on the CIF value of the product. In addition, imports of cheese
pay a PIS/COFINS (social tax) of 9.25 percent.

\(2\) Effective June 1, 2001, these types of cheeses were included on
the \"exception list\" of the Common External Tax (CXT), of the
MERCOSUL, per Resolution 16/01, of the Foreign Trade Chamber (CAMEX),
which altered Annex Two of the Decree Number 3,704 of December 27, 2000.
The 27% tax is charged in addition to the Import Tariff of 18.5 percent
for all imported cheeses, including MERCOSUL members

# Commodity Outlook, Butter

## Production 

*Note: There are no official statistics on production and consumption of
butter in Brazil. OAA*

*Production estimates for butter are based on interviews with trade
contacts, and also includes "informal" butter production.*

Butter production is projected to increase by only one percent in CY
2006, reflecting a small increase in domestic demand and competition
from margarine. Production of margarine is expected to rise to 895,000
metric tons in 2005, up 6 percent from 2005. Imports are expected to
continue to drop next year because of the high cost of imports due to
the devaluation of the Brazilian currency. Uruguay and, to a lesser
extent, Argentina are the only suppliers of butter to Brazil.

## Prices

  --------------------------------------------- -------------------------
  Type                                          US\$/kilogram

  Salted                                        7.80

  Unsalted                                      7.60
  --------------------------------------------- -------------------------

Notes: (1) Prices for Sao Paulo market, as of 10/19/0.

\(2\) Average Exchange Rate: US\$ 1.00=R\$2.23

## Tariff Rate Table

+---------------+---------------------+---------------+---------------+
| Tariff Number | Product Description | Rate (%)      | Other Info    |
|               |                     |               |               |
|               |                     | \(1\)         |               |
+---------------+---------------------+---------------+---------------+
| 0405.10.00    | Butter              | 16            | Mercosul:     |
|               |                     |               | Zero          |
+---------------+---------------------+---------------+---------------+
| 0405.90.10    | Butter Oil          | 16            | Mercosul:     |
|               |                     |               | Zero          |
+---------------+---------------------+---------------+---------------+

Note: MERCOSUL's Common External Tariff (CXT). The CXT tariff is applied
to all imports other than from MERCOSUL. These tariffs are assessed on
the CIF value of the product. In addition, imports of butter pay a
PIS/COFINS (social tax) of 9.25 percent.

# 

# Commodity Outlook, Powdered Milk

## Production 

Note: There are no official statistics on production and consumption of
powdered milk in Brazil. OAA estimates for powdered milk production
(nonfat and whole milk) are based on interviews with the trade.

Post forecasts powdered milk production to increase by nearly 8 percent
in 2006 to 597,000 metric tons, of which 80 percent is whole milk
powdered (WMP), and 20 percent is nonfat dry milk powder (NDM). The
following factors support higher Brazilian powdered milk production in
2005/06:

a)  Higher import tariffs and minimum import prices reduced imports of
    subsidized powdered milk;

b)  Higher exports of powdered milk because of a continued favorable
    exchange rate, despite the recent valuation of the Brazilian
    currency in 2005;

c)  Prohibition on the use of imported powdered milk in government's
    social programs;

d)  Higher allocation of government funds for social programs at the
    federal and state levels; and,

e)  Higher sanitary standards for imported milk;

f)  The National Bank of Economic and Social Development (BNDES) has
    credit programs around R\$ 100 million (US\$ 43 million) to finance
    new investments for powdered milk production. This does not include
    private sector capital, which brings total investments in dollars up
    to US\$ 100 million, including international financing.

## Consumption 

Post forecasts powdered milk consumption to increase in 2006 by 3
percent, in view of the prospects for economic growth, lower
unemployment, and higher consumer income. In addition, during 2006, the
federal government is expected to allocate a significant amount of funds
for social programs designed to fight poverty and hunger because it is
an election year.

## 

## Prices

Average wholesale prices of powdered milk, by type, are:

  ------------------------------------------ ----------------------------
  Type                                       US\$/kilogram

  Whole milk powder                          5.48

  Nonfat dry milk powder                     5.31
  ------------------------------------------ ----------------------------

Notes:

> \(1\) Prices for Sao Paulo market, as of 10/19//05.

(1) Average Exchange Rate: US\$ 1.00=R\$2.23

## Trade

Imports of powdered milk (both whole and nonfat) are estimated to
decline by 17 percent in 2006. The significant decline of powdered milk
imports in past years is the result of higher import duties (after the
antidumping investigation) and minimum import prices.

Argentina and Uruguay are the major suppliers of powdered milk to
Brazil, accounting together for 86 percent of total imports, which is
comprised mostly of whole milk powder (83 percent of the total
imported). New Zealand is a minor supplier of powdered milk to Brazil,
accounting for nearly 5 percent. The United States is not competitive in
the Brazilian market for powdered milk.

Post forecasts exports of powdered milk, mostly whole milk, to continue
to increase in 2006 despite the current valuation of the Brazilian
currency. This is due to new markets for the Brazilian products.

## 

## Tariff Rate Table

+--------------+------------------------+------------+----------------+
| Tariff       | Product Description    | Rate (%)   | Other Info     |
| Number       |                        |            |                |
|              |                        |            |                |
| (HTS)        |                        |            |                |
+--------------+------------------------+------------+----------------+
| 0402.21.10   | Whole Milk Powder      | 16         | Mercosul: 27%  |
+--------------+------------------------+------------+----------------+
| 0402.21.20   | Nonfat Milk, Powder    | 16         | Mercosul: 27%  |
+--------------+------------------------+------------+----------------+
| 0404.10.00   | Whey Powder            | 14         | Mercosul: 27%  |
+--------------+------------------------+------------+----------------+

Notes:

MERCOSUL's Common External Tariff (CAT). The CXT tariff is applied to
all imports other than from MERCOSUL. These tariffs are assessed on the
CIF value of the product. In addition, imports of powdered milk pay a
PIS/COFINS (social tax) of 9.25 percent;

(1) Effective June 1, 2001, milk powder was included in the "exception
    list" of the Common External Tariff (CXT), of the MERCOSUL, per
    Resolution 16/01, of the Foreign Trade Chamber (CAMEX), which
    altered Annex Two of the Decree Number 3.704 of December 27, 2000.
    The 27 percent tax is charged to all markets in addition to the
    import tariff of 16 percent to all markets, including MERCOSUL
    members.

(2) In addition to the above tariffs, the Brazilian Foreign Trade Board
    (CAMEX) published the final report of their official dumping
    investigation, with the following results:

+---------------------+-----------------------------------+------------+
| Country             | Companies                         | Applied    |
|                     |                                   | Rates (%)  |
+---------------------+-----------------------------------+------------+
| New Zealand         | New Zealand Dairy Board           | 3.9        |
|                     |                                   |            |
|                     | All other companies               | 3.9        |
+---------------------+-----------------------------------+------------+
| European Union      | All companies, except Arla Foods  | 14.8       |
|                     | Ingredients Amba (see note below) |            |
|                     |                                   | 16.9       |
|                     | Cerealin S.A.                     |            |
+---------------------+-----------------------------------+------------+
| Uruguay             | All companies (see note below)    | 16.9       |
+---------------------+-----------------------------------+------------+

> Note: Argentina, and later Uruguay, negotiated with Brazilian
> officials a minimum
>
> export price for powdered milk exports to Brazil. Arla Foods
> Ingredients Amba
>
> from Denmark also negotiated a minimum export price. The minimum price
> was
>
> established at US\$ 1,900 per metric ton, FOB, and calculated using
> USDA's price list.
>
> \(4\) Effective August 26, 2002, whey powder was included in the
> "exception list" of the Common External Tariff (CXT), of MERCOSUL, per
> Resolution 21, of the Foreign Trade Chamber (CAMEX), published in the
> Diario Oficial (Brazil's Federal Register) on August 26, 2002. The 27
> percent tax is charged in addition to the Import Tariff of 16 percent
> to all markets, including MERCOSUL members.

## Stocks 

There are no official government stocks of powdered milk in Brazil.

## Policy 

Please see section under Fluid Milk

## 

## Marketing 

Two important business organizations were formed in Brazil to market
Brazilian powdered milk overseas:

1\) SERLAC. The first Brazilian private dairy trading organization to
export Brazilian made dairy products, mostly powdered milk, under the
brand " Brazilian Dairy Board", following the example of New Zealand.
SERLAC includes five major dairies and cooperatives: Itambe, Confepar,
Paulista (CCL), Emare and Ilpisa. SERLAC is working in the following
markets: Algeria, Morocco, Libya, Middle East, and Latin America. The
United States is also a target market.

2\) DPA. Nestle and Fonterra from New Zealand formed a joint venture
called Dairy Partners of Americas (DPA), which entered into operation on
January 1, 2003. The company has its headquarters in Brazil, and will
operate in Latin American counties. During 2003, DPA is operating only
in Argentina, Brazil, and Venezuela, expanding later to Chile, Ecuador,
Colombia, and the Caribean Islands.

# Tables

## PSD: Dairy, Milk, Fluid

+-----------+----+----------+----+----------+----+----------+------+
| PSD Table |    |          |    |          |    |          |      |
|           |    |          |    |          |    |          |      |
| Country   |    |          |    |          |    |          |      |
|           |    |          |    |          |    |          |      |
| Brazil    |    |          |    |          |    |          |      |
|           |    |          |    |          |    |          |      |
| Commodity |    |          |    |          |    |          |      |
|           |    |          |    |          |    |          |      |
| Dairy,    |    |          |    |          |    |          |      |
| Milk,     |    |          |    |          |    |          |      |
| Fluid     |    |          |    |          |    |          |      |
|           |    |          |    |          |    |          |      |
| (1000     |    |          |    |          |    |          |      |
| H         |    |          |    |          |    |          |      |
| EAD)(1000 |    |          |    |          |    |          |      |
| MT)       |    |          |    |          |    |          |      |
+-----------+----+----------+----+----------+----+----------+------+
|           | 20 | Revised  | 20 | Estimate | 20 | Forecast | UOM  |
|           | 04 |          | 05 |          | 06 |          |      |
+-----------+----+----------+----+----------+----+----------+------+
|           | US | Post     | US | Post     | US | Post     |      |
|           | DA | Estimat  | DA | Estimat  | DA | Estimat  |      |
|           | Of | e\[New\] | Of | e\[New\] | Of | e\[New\] |      |
|           | fi |          | fi |          | fi |          |      |
|           | ci |          | ci |          | ci |          |      |
|           | al |          | al |          | al |          |      |
|           | \  |          | \  |          | \  |          |      |
|           | [O |          | [O |          | [O |          |      |
|           | ld |          | ld |          | ld |          |      |
|           | \] |          | \] |          | \] |          |      |
+-----------+----+----------+----+----------+----+----------+------+
| Market    |    | 01/2004  |    | 01/2005  |    | 01/2006  | MM/  |
| Year      |    |          |    |          |    |          | YYYY |
| Begin     |    |          |    |          |    |          |      |
+-----------+----+----------+----+----------+----+----------+------+
| Cows In   | 1  | 15200    | 1  | 15100    | 0  | 15050    | (    |
| Milk      | 52 |          | 51 |          |    |          | 1000 |
|           | 00 |          | 00 |          |    |          | H    |
|           |    |          |    |          |    |          | EAD) |
+-----------+----+----------+----+----------+----+----------+------+
| Cows Milk | 2  | 23317    | 2  | 24250    | 0  | 25220    | (    |
| P         | 31 |          | 40 |          |    |          | 1000 |
| roduction | 00 |          | 16 |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| Other     | 0  | 0        | 0  | 0        | 0  | 0        | (    |
| Milk      |    |          |    |          |    |          | 1000 |
| P         |    |          |    |          |    |          | MT)  |
| roduction |    |          |    |          |    |          |      |
+-----------+----+----------+----+----------+----+----------+------+
| TOTAL     | 2  | 23317    | 2  | 24250    | 0  | 25220    | (    |
| P         | 31 |          | 40 |          |    |          | 1000 |
| roduction | 00 |          | 16 |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| Intra EC  | 0  | 0        | 0  | 0        | 0  | 0        | (    |
| Imports   |    |          |    |          |    |          | 1000 |
|           |    |          |    |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| Total     | 1  | 1        | 2  | 2        | 0  | 2        | (    |
| Imports   |    |          |    |          |    |          | 1000 |
|           |    |          |    |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| TOTAL     | 1  | 1        | 2  | 2        | 0  | 2        | (    |
| Imports   |    |          |    |          |    |          | 1000 |
|           |    |          |    |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| TOTAL     | 2  | 23318    | 2  | 24252    | 0  | 25222    | (    |
| SUPPLY    | 31 |          | 40 |          |    |          | 1000 |
|           | 01 |          | 18 |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| Intra EC  | 0  | 0        | 0  | 0        | 0  | 0        | (    |
| Exports   |    |          |    |          |    |          | 1000 |
|           |    |          |    |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| Total     | 2  | 2        | 2  | 2        | 0  | 3        | (    |
| Exports   |    |          |    |          |    |          | 1000 |
|           |    |          |    |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| TOTAL     | 2  | 2        | 2  | 2        | 0  | 3        | (    |
| Exports   |    |          |    |          |    |          | 1000 |
|           |    |          |    |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| Fluid Use | 1  | 12743    | 1  | 13400    | 0  | 13849    | (    |
| Dom.      | 25 |          | 27 |          |    |          | 1000 |
| Consum.   | 26 |          | 50 |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| Factory   | 1  | 10423    | 1  | 10700    | 0  | 11220    | (    |
| Use       | 04 |          | 11 |          |    |          | 1000 |
| Consum.   | 23 |          | 16 |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| Feed Use  | 1  | 150      | 1  | 150      | 0  | 150      | (    |
| Dom.      | 50 |          | 50 |          |    |          | 1000 |
| Consum.   |    |          |    |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| TOTAL     | 2  | 23316    | 2  | 24250    | 0  | 25219    | (    |
| Dom.      | 30 |          | 40 |          |    |          | 1000 |
| Co        | 99 |          | 16 |          |    |          | MT)  |
| nsumption |    |          |    |          |    |          |      |
+-----------+----+----------+----+----------+----+----------+------+
| TOTAL     | 2  | 23318    | 2  | 24252    | 0  | 25222    | (    |
| DIS       | 31 |          | 40 |          |    |          | 1000 |
| TRIBUTION | 01 |          | 18 |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| Calendar  | 0  | 0        | 0  | 0        | 0  | 0        | (    |
| Yr. Imp.  |    |          |    |          |    |          | 1000 |
| from U.S. |    |          |    |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+
| Calendar  | 0  | 0        | 0  | 0        | 0  | 0        | (    |
| Yr. Exp.  |    |          |    |          |    |          | 1000 |
| to U.S.   |    |          |    |          |    |          | MT)  |
+-----------+----+----------+----+----------+----+----------+------+

## Import Trade Matrix: Dairy, Milk, Fluid

+------------------+----------------+----------------+----------------+
| Import Trade     |                |                |                |
| Matrix           |                |                |                |
|                  |                |                |                |
| Country          |                |                |                |
|                  |                |                |                |
| Brazil           |                |                |                |
|                  |                |                |                |
| Commodity        |                |                |                |
|                  |                |                |                |
| Dairy, Milk,     |                |                |                |
| Fluid            |                |                |                |
+------------------+----------------+----------------+----------------+
| Time Period      | Jan-Dec        | Units:         | Metric Tons    |
+------------------+----------------+----------------+----------------+
| Imports for:     | 2003           |                | 2004           |
+------------------+----------------+----------------+----------------+
| U.S.             | 0              | U.S.           | 0              |
+------------------+----------------+----------------+----------------+
| Others           |                | Others         |                |
+------------------+----------------+----------------+----------------+
| Argentina        | 621            |                | 379            |
+------------------+----------------+----------------+----------------+
| Paraguay         | 0              |                | 192            |
+------------------+----------------+----------------+----------------+
| Uruguay          | 1310           |                | 101            |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
| Total for Others | 1931           |                | 672            |
+------------------+----------------+----------------+----------------+
| Others not       | 0              |                | 0              |
| Listed           |                |                |                |
+------------------+----------------+----------------+----------------+
| Grand Total      | 1931           |                | 672            |
+------------------+----------------+----------------+----------------+

## Export Trade Matrix: Dairy, Milk, Fluid

+--------------------+---------------+---------------+---------------+
| Export Trade       |               |               |               |
| Matrix             |               |               |               |
|                    |               |               |               |
| Country            |               |               |               |
|                    |               |               |               |
| Brazil             |               |               |               |
|                    |               |               |               |
| Commodity          |               |               |               |
|                    |               |               |               |
| Dairy, Milk, Fluid |               |               |               |
+--------------------+---------------+---------------+---------------+
| Time Period        | Jan-Dec       | Units:        | Metric Tons   |
+--------------------+---------------+---------------+---------------+
| Exports for:       | 2003          |               | 2004          |
+--------------------+---------------+---------------+---------------+
| U.S.               | 127           | U.S.          | 335           |
+--------------------+---------------+---------------+---------------+
| Others             |               | Others        |               |
+--------------------+---------------+---------------+---------------+
| Angola             | 118           |               | 73            |
+--------------------+---------------+---------------+---------------+
| Bolivia            | 82            |               | 187           |
+--------------------+---------------+---------------+---------------+
| Chile              | 653           |               | 148           |
+--------------------+---------------+---------------+---------------+
| Paraguay           | 484           |               | 349           |
+--------------------+---------------+---------------+---------------+
| Phillippines       | 31            |               | 1018          |
+--------------------+---------------+---------------+---------------+
| Venezuela          | 171           |               | 765           |
+--------------------+---------------+---------------+---------------+
|                    |               |               |               |
+--------------------+---------------+---------------+---------------+
|                    |               |               |               |
+--------------------+---------------+---------------+---------------+
|                    |               |               |               |
+--------------------+---------------+---------------+---------------+
|                    |               |               |               |
+--------------------+---------------+---------------+---------------+
| Total for Others   | 1539          |               | 2540          |
+--------------------+---------------+---------------+---------------+
| Others not Listed  | 137           |               | 189           |
+--------------------+---------------+---------------+---------------+
| Grand Total        | 1803          |               | 3064          |
+--------------------+---------------+---------------+---------------+

## PSD: Dairy, Cheese

+----------+-----+----------+-----+----------+-----+----------+------+
| PSD      |     |          |     |          |     |          |      |
| Table    |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Country  |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Brazil   |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| C        |     |          |     |          |     |          |      |
| ommodity |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Dairy,   |     |          |     |          |     |          |      |
| Cheese   |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| (1000    |     |          |     |          |     |          |      |
| MT)      |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
|          | 2   | Revised  | 2   | Estimate | 2   | Forecast | UOM  |
|          | 004 |          | 005 |          | 006 |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
|          | U   | Post     | U   | Post     | U   | Post     |      |
|          | SDA | Estimat  | SDA | Estimat  | SDA | Estimat  |      |
|          | Of  | e\[New\] | Of  | e\[New\] | Of  | e\[New\] |      |
|          | fic |          | fic |          | fic |          |      |
|          | ial |          | ial |          | ial |          |      |
|          | \   |          | \   |          | \   |          |      |
|          | [Ol |          | [Ol |          | [Ol |          |      |
|          | d\] |          | d\] |          | d\] |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| Market   |     | 01/2004  |     | 01/2005  |     | 01/2006  | MM/  |
| Year     |     |          |     |          |     |          | YYYY |
| Begin    |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| B        | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| eginning |     |          |     |          |     |          | 1000 |
| Stocks   |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Pr       | 470 | 470      | 480 | 480      | 0   | 495      | (    |
| oduction |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Intra EC | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Total    | 5   | 4        | 5   | 3        | 0   | 3        | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 5   | 4        | 5   | 3        | 0   | 3        | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 475 | 474      | 485 | 483      | 0   | 498      | (    |
| SUPPLY   |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Intra EC | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Total    | 5   | 6        | 6   | 7        | 0   | 8        | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 5   | 6        | 6   | 7        | 0   | 8        | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Human    | 470 | 468      | 479 | 479      | 0   | 490      | (    |
| Dom.     |     |          |     |          |     |          | 1000 |
| Con      |     |          |     |          |     |          | MT)  |
| sumption |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| Other    | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Use,     |     |          |     |          |     |          | 1000 |
| Losses   |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Total    | 470 | 468      | 479 | 476      | 0   | 490      | (    |
| Dom.     |     |          |     |          |     |          | 1000 |
| Con      |     |          |     |          |     |          | MT)  |
| sumption |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 475 | 474      | 485 | 483      | 0   | 498      | (    |
| Use      |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Ending   | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Stocks   |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 475 | 474      | 485 | 483      | 0   | 498      | (    |
| DIST     |     |          |     |          |     |          | 1000 |
| RIBUTION |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Calendar | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Yr. Imp. |     |          |     |          |     |          | 1000 |
| from     |     |          |     |          |     |          | MT)  |
| U.S.     |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| Calendar | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Yr. Exp. |     |          |     |          |     |          | 1000 |
| to U.S.  |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+

## Import Trade Matrix: Dairy, Cheese

+------------------+----------------+----------------+----------------+
| Import Trade     |                |                |                |
| Matrix           |                |                |                |
|                  |                |                |                |
| Country          |                |                |                |
|                  |                |                |                |
| Brazil           |                |                |                |
|                  |                |                |                |
| Commodity        |                |                |                |
|                  |                |                |                |
| Dairy, Cheese    |                |                |                |
+------------------+----------------+----------------+----------------+
| Time Period      | Jan-Dec        | Units:         | Metric Tons    |
+------------------+----------------+----------------+----------------+
| Imports for:     | 2003           |                | 2004           |
+------------------+----------------+----------------+----------------+
| U.S.             | 0              | U.S.           | 5              |
+------------------+----------------+----------------+----------------+
| Others           |                | Others         |                |
+------------------+----------------+----------------+----------------+
| Argentina        | 2192           |                | 1614           |
+------------------+----------------+----------------+----------------+
| European Union   | 910            |                | 992            |
+------------------+----------------+----------------+----------------+
| New Zealand      | 214            |                | 105            |
+------------------+----------------+----------------+----------------+
| Uruguay          | 2666           |                | 1324           |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
| Total for Others | 5982           |                | 4035           |
+------------------+----------------+----------------+----------------+
| Others not       | 7              |                | 5              |
| Listed           |                |                |                |
+------------------+----------------+----------------+----------------+
| Grand Total      | 5989           |                | 4045           |
+------------------+----------------+----------------+----------------+

## Export Trade Matrix: Dairy, Cheese

+------------------+----------------+----------------+----------------+
| Export Trade     |                |                |                |
| Matrix           |                |                |                |
|                  |                |                |                |
| Country          |                |                |                |
|                  |                |                |                |
| Brazil           |                |                |                |
|                  |                |                |                |
| Commodity        |                |                |                |
|                  |                |                |                |
| Dairy, Cheese    |                |                |                |
+------------------+----------------+----------------+----------------+
| Time Period      | Jan-Dec        | Units:         | Metric Tons    |
+------------------+----------------+----------------+----------------+
| Exports for:     | 2003           |                | 2004           |
+------------------+----------------+----------------+----------------+
| U.S.             | 983            | U.S.           | 1308           |
+------------------+----------------+----------------+----------------+
| Others           |                | Others         |                |
+------------------+----------------+----------------+----------------+
| Angola           | 34             |                | 124            |
+------------------+----------------+----------------+----------------+
| Argentina        | 825            |                | 1068           |
+------------------+----------------+----------------+----------------+
| Chile            | 676            |                | 1087           |
+------------------+----------------+----------------+----------------+
| Korea, South     | 0              |                | 1308           |
+------------------+----------------+----------------+----------------+
| Paraguay         | 281            |                | 307            |
+------------------+----------------+----------------+----------------+
| Taiwan           | 125            |                | 187            |
+------------------+----------------+----------------+----------------+
| Uruguay          | 95             |                | 114            |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
| Total for Others | 2036           |                | 4195           |
+------------------+----------------+----------------+----------------+
| Others not       | 161            |                | 903            |
| Listed           |                |                |                |
+------------------+----------------+----------------+----------------+
| Grand Total      | 3180           |                | 6406           |
+------------------+----------------+----------------+----------------+

## PSD: Dairy, Butter

+----------+-----+----------+-----+----------+-----+----------+------+
| PSD      |     |          |     |          |     |          |      |
| Table    |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Country  |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Brazil   |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| C        |     |          |     |          |     |          |      |
| ommodity |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Dairy,   |     |          |     |          |     |          |      |
| Butter   |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| (1000    |     |          |     |          |     |          |      |
| MT)      |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
|          | 2   | Revised  | 2   | Estimate | 2   | Forecast | UOM  |
|          | 004 |          | 005 |          | 006 |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
|          | U   | Post     | U   | Post     | U   | Post     |      |
|          | SDA | Estimat  | SDA | Estimat  | SDA | Estimat  |      |
|          | Of  | e\[New\] | Of  | e\[New\] | Of  | e\[New\] |      |
|          | fic |          | fic |          | fic |          |      |
|          | ial |          | ial |          | ial |          |      |
|          | \   |          | \   |          | \   |          |      |
|          | [Ol |          | [Ol |          | [Ol |          |      |
|          | d\] |          | d\] |          | d\] |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| Market   |     | 01/2004  |     | 01/2005  |     | 01/2006  | MM/  |
| Year     |     |          |     |          |     |          | YYYY |
| Begin    |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| B        | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| eginning |     |          |     |          |     |          | 1000 |
| Stocks   |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Pr       | 75  | 75       | 78  | 77       | 0   | 78       | (    |
| oduction |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Intra EC | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Total    | 1   | 1        | 1   | 1        | 0   | 1        | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 1   | 1        | 1   | 1        | 0   | 1        | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 76  | 76       | 79  | 78       | 0   | 79       | (    |
| SUPPLY   |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Intra EC | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Total    | 2   | 1        | 0   | 1        | 0   | 1        | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 2   | 1        | 3   | 1        | 0   | 1        | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Domestic | 74  | 75       | 76  | 77       | 0   | 78       | (    |
| Con      |     |          |     |          |     |          | 1000 |
| sumption |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 76  | 76       | 79  | 78       | 0   | 79       | (    |
| Use      |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Ending   | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Stocks   |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 76  | 76       | 79  | 78       | 0   | 79       | (    |
| DIST     |     |          |     |          |     |          | 1000 |
| RIBUTION |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Calendar | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Yr. Imp. |     |          |     |          |     |          | 1000 |
| from     |     |          |     |          |     |          | MT)  |
| U.S.     |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| Calendar | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Yr. Exp. |     |          |     |          |     |          | 1000 |
| to U.S.  |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+

## Import Trade Matrix: Dairy, Butter

+------------------+----------------+----------------+----------------+
| Import Trade     |                |                |                |
| Matrix           |                |                |                |
|                  |                |                |                |
| Country          |                |                |                |
|                  |                |                |                |
| Brazil           |                |                |                |
|                  |                |                |                |
| Commodity        |                |                |                |
|                  |                |                |                |
| Dairy, Butter    |                |                |                |
+------------------+----------------+----------------+----------------+
| Time Period      | Jan-Dec        | Units:         | Metric Tons    |
+------------------+----------------+----------------+----------------+
| Imports for:     | 2003           |                | 2004           |
+------------------+----------------+----------------+----------------+
| U.S.             | 0              | U.S.           | 0              |
+------------------+----------------+----------------+----------------+
| Others           |                | Others         |                |
+------------------+----------------+----------------+----------------+
| Argentina        | 206            |                | 387            |
+------------------+----------------+----------------+----------------+
| New Zealand      | 275            |                | 185            |
+------------------+----------------+----------------+----------------+
| Uruguay          | 2917           |                | 470            |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
| Total for Others | 3398           |                | 1042           |
+------------------+----------------+----------------+----------------+
| Others not       | 112            |                | 99             |
| Listed           |                |                |                |
+------------------+----------------+----------------+----------------+
| Grand Total      | 3510           |                | 1141           |
+------------------+----------------+----------------+----------------+

## Export Trade Matrix, Dairy, Butter

+-----------------+----------------+----------------+----------------+
| Export Trade    |                |                |                |
| Matrix          |                |                |                |
|                 |                |                |                |
| Country         |                |                |                |
|                 |                |                |                |
| Brazil          |                |                |                |
|                 |                |                |                |
| Commodity       |                |                |                |
|                 |                |                |                |
| Dairy, Butter   |                |                |                |
+-----------------+----------------+----------------+----------------+
| Time Period     | Jan-Dec        | Units:         | Metric Tons    |
+-----------------+----------------+----------------+----------------+
| Exports for:    | 2003           |                | 2004           |
+-----------------+----------------+----------------+----------------+
| U.S.            | 17             | U.S.           | 17             |
+-----------------+----------------+----------------+----------------+
| Others          |                | Others         |                |
+-----------------+----------------+----------------+----------------+
| Canada          | 862            |                | 0              |
+-----------------+----------------+----------------+----------------+
| China           | 0              |                | 113            |
+-----------------+----------------+----------------+----------------+
| Egypt           | 318            |                | 295            |
+-----------------+----------------+----------------+----------------+
| Paraguay        | 61             |                | 74             |
+-----------------+----------------+----------------+----------------+
| Peru            | 386            |                | 0              |
+-----------------+----------------+----------------+----------------+
| UAE             | 0              |                | 363            |
+-----------------+----------------+----------------+----------------+
| Yemen           | 0              |                | 199            |
+-----------------+----------------+----------------+----------------+
|                 |                |                |                |
+-----------------+----------------+----------------+----------------+
|                 |                |                |                |
+-----------------+----------------+----------------+----------------+
|                 |                |                |                |
+-----------------+----------------+----------------+----------------+
| Total for       | 1627           |                | 1044           |
| Others          |                |                |                |
+-----------------+----------------+----------------+----------------+
| Others not      | 12             |                | 7              |
| Listed          |                |                |                |
+-----------------+----------------+----------------+----------------+
| Grand Total     | 1656           |                | 1068           |
+-----------------+----------------+----------------+----------------+

## PSD: Dairy, Dry Whole Milk Powder

+----------+-----+----------+-----+----------+-----+----------+------+
| PSD      |     |          |     |          |     |          |      |
| Table    |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Country  |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Brazil   |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| C        |     |          |     |          |     |          |      |
| ommodity |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Dairy,   |     |          |     |          |     |          |      |
| Dry      |     |          |     |          |     |          |      |
| Whole    |     |          |     |          |     |          |      |
| Milk     |     |          |     |          |     |          |      |
| Powder   |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| (1000    |     |          |     |          |     |          |      |
| MT)      |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
|          | 2   | Revised  | 2   | Estimate | 2   | Forecast | UOM  |
|          | 004 |          | 005 |          | 006 |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
|          | U   | Post     | U   | Post     | U   | Post     |      |
|          | SDA | Estimat  | SDA | Estimat  | SDA | Estimat  |      |
|          | Of  | e\[New\] | Of  | e\[New\] | Of  | e\[New\] |      |
|          | fic |          | fic |          | fic |          |      |
|          | ial |          | ial |          | ial |          |      |
|          | \   |          | \   |          | \   |          |      |
|          | [Ol |          | [Ol |          | [Ol |          |      |
|          | d\] |          | d\] |          | d\] |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| Market   |     | 01/2004  |     | 01/2005  |     | 01/2006  | MM/  |
| Year     |     |          |     |          |     |          | YYYY |
| Begin    |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| B        | 31  | 0        | 31  | 0        | 31  | 0        | (    |
| eginning |     |          |     |          |     |          | 1000 |
| Stocks   |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Pr       | 420 | 420      | 440 | 440      | 0   | 460      | (    |
| oduction |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Intra EC | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Total    | 23  | 21       | 20  | 25       | 0   | 20       | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 23  | 21       | 20  | 25       | 0   | 20       | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 474 | 441      | 491 | 465      | 31  | 480      | (    |
| SUPPLY   |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Intra EC | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Total    | 15  | 16       | 23  | 26       | 0   | 30       | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 15  | 16       | 23  | 26       | 0   | 30       | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Human    | 428 | 425      | 437 | 439      | 0   | 450      | (    |
| Dom.     |     |          |     |          |     |          | 1000 |
| Con      |     |          |     |          |     |          | MT)  |
| sumption |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| Other    | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Use,     |     |          |     |          |     |          | 1000 |
| Losses   |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Total    | 428 | 425      | 437 | 439      | 0   | 450      | (    |
| Dom.     |     |          |     |          |     |          | 1000 |
| Con      |     |          |     |          |     |          | MT)  |
| sumption |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 443 | 441      | 460 | 465      | 0   | 480      | (    |
| Use      |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Ending   | 31  | 0        | 31  | 0        | 0   | 0        | (    |
| Stocks   |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 474 | 441      | 491 | 465      | 0   | 480      | (    |
| DIST     |     |          |     |          |     |          | 1000 |
| RIBUTION |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Calendar | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Yr. Imp. |     |          |     |          |     |          | 1000 |
| from     |     |          |     |          |     |          | MT)  |
| U.S.     |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| Calendar | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Yr. Exp. |     |          |     |          |     |          | 1000 |
| to U.S.  |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+

## Import Trade Matrix: Dairy, Dry Whole Milk Powder

+------------------+----------------+----------------+----------------+
| Import Trade     |                |                |                |
| Matrix           |                |                |                |
|                  |                |                |                |
| Country          |                |                |                |
|                  |                |                |                |
| Brazil           |                |                |                |
|                  |                |                |                |
| Commodity        |                |                |                |
|                  |                |                |                |
| Dairy, Dry Whole |                |                |                |
| Milk Powder      |                |                |                |
+------------------+----------------+----------------+----------------+
| Time Period      | Jan-Dec        | Units:         | Metric Tons    |
+------------------+----------------+----------------+----------------+
| Imports for:     | 2003           |                | 2004           |
+------------------+----------------+----------------+----------------+
| U.S.             | 0              | U.S.           | 0              |
+------------------+----------------+----------------+----------------+
| Others           |                | Others         |                |
+------------------+----------------+----------------+----------------+
| Argentina        | 19228          |                | 15338          |
+------------------+----------------+----------------+----------------+
| Chile            | 1000           |                | 0              |
+------------------+----------------+----------------+----------------+
| New Zealand      | 919            |                | 224            |
+------------------+----------------+----------------+----------------+
| Uruguay          | 11365          |                | 5425           |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
| Total for Others | 32512          |                | 20987          |
+------------------+----------------+----------------+----------------+
| Others not       | 155            |                | 112            |
| Listed           |                |                |                |
+------------------+----------------+----------------+----------------+
| Grand Total      | 32667          |                | 21099          |
+------------------+----------------+----------------+----------------+

## Export Trade Matrix: Dairy, Dry Whole Milk Powder

+-------------------+----------------+----------------+----------------+
| Export Trade      |                |                |                |
| Matrix            |                |                |                |
|                   |                |                |                |
| Country           |                |                |                |
|                   |                |                |                |
| Brazil            |                |                |                |
|                   |                |                |                |
| Commodity         |                |                |                |
|                   |                |                |                |
| Dairy, Dry Whole  |                |                |                |
| Milk Powder       |                |                |                |
+-------------------+----------------+----------------+----------------+
| Time Period       | Jan-Dec        | Units:         | Metric Tons    |
+-------------------+----------------+----------------+----------------+
| Exports for:      | 2003           |                | 2004           |
+-------------------+----------------+----------------+----------------+
| U.S.              | 145            | U.S.           | 59             |
+-------------------+----------------+----------------+----------------+
| Others            |                | Others         |                |
+-------------------+----------------+----------------+----------------+
| Algeria           | 940            |                | 5483           |
+-------------------+----------------+----------------+----------------+
| Chile             | 625            |                | 720            |
+-------------------+----------------+----------------+----------------+
| Iraq              | 100            |                | 5970           |
+-------------------+----------------+----------------+----------------+
| Israel            | 0              |                | 1851           |
+-------------------+----------------+----------------+----------------+
| Senegal           | 0              |                | 1644           |
+-------------------+----------------+----------------+----------------+
| Venezuela         | 0              |                | 2179           |
+-------------------+----------------+----------------+----------------+
|                   |                |                |                |
+-------------------+----------------+----------------+----------------+
|                   |                |                |                |
+-------------------+----------------+----------------+----------------+
|                   |                |                |                |
+-------------------+----------------+----------------+----------------+
|                   |                |                |                |
+-------------------+----------------+----------------+----------------+
| Total for Others  | 1665           |                | 17847          |
+-------------------+----------------+----------------+----------------+
| Others not Listed | 1159           |                | 4077           |
+-------------------+----------------+----------------+----------------+
| Grand Total       | 2969           |                | 21983          |
+-------------------+----------------+----------------+----------------+

## PSD Table: Dairy, Nonfat Dry

+----------+-----+----------+-----+----------+-----+----------+------+
| PSD      |     |          |     |          |     |          |      |
| Table    |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Country  |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Brazil   |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| C        |     |          |     |          |     |          |      |
| ommodity |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| Dairy,   |     |          |     |          |     |          |      |
| Milk,    |     |          |     |          |     |          |      |
| Nonfat   |     |          |     |          |     |          |      |
| Dry      |     |          |     |          |     |          |      |
|          |     |          |     |          |     |          |      |
| (1000    |     |          |     |          |     |          |      |
| MT)      |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
|          | 2   | Revised  | 2   | Estimate | 2   | Forecast | UOM  |
|          | 004 |          | 005 |          | 006 |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
|          | U   | Post     | U   | Post     | U   | Post     |      |
|          | SDA | Estimat  | SDA | Estimat  | SDA | Estimat  |      |
|          | Of  | e\[New\] | Of  | e\[New\] | Of  | e\[New\] |      |
|          | fic |          | fic |          | fic |          |      |
|          | ial |          | ial |          | ial |          |      |
|          | \   |          | \   |          | \   |          |      |
|          | [Ol |          | [Ol |          | [Ol |          |      |
|          | d\] |          | d\] |          | d\] |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| Market   |     | 01/2004  |     | 01/2005  |     | 01/2006  | MM/  |
| Year     |     |          |     |          |     |          | YYYY |
| Begin    |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| B        | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| eginning |     |          |     |          |     |          | 1000 |
| Stocks   |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Pr       | 110 | 110      | 113 | 113      | 0   | 117      | (    |
| oduction |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Intra EC | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Total    | 5   | 4        | 5   | 5        | 0   | 4        | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 5   | 4        | 5   | 5        | 0   | 4        | (    |
| Imports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 115 | 114      | 118 | 118      | 0   | 121      | (    |
| SUPPLY   |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Intra EC | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Total    | 1   | 2        | 2   | 3        | 0   | 4        | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 1   | 2        | 2   | 3        | 0   | 4        | (    |
| Exports  |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Human    | 114 | 112      | 116 | 115      | 0   | 117      | (    |
| Dom.     |     |          |     |          |     |          | 1000 |
| Con      |     |          |     |          |     |          | MT)  |
| sumption |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| Other    | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Use,     |     |          |     |          |     |          | 1000 |
| Losses   |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Total    | 114 | 112      | 116 | 115      | 0   | 117      | (    |
| Dom.     |     |          |     |          |     |          | 1000 |
| Con      |     |          |     |          |     |          | MT)  |
| sumption |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 115 | 114      | 118 | 118      | 0   | 121      | (    |
| Use      |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Ending   | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Stocks   |     |          |     |          |     |          | 1000 |
|          |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| TOTAL    | 115 | 114      | 118 | 118      | 0   | 121      | (    |
| DIST     |     |          |     |          |     |          | 1000 |
| RIBUTION |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+
| Calendar | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Yr. Imp. |     |          |     |          |     |          | 1000 |
| from     |     |          |     |          |     |          | MT)  |
| U.S.     |     |          |     |          |     |          |      |
+----------+-----+----------+-----+----------+-----+----------+------+
| Calendar | 0   | 0        | 0   | 0        | 0   | 0        | (    |
| Yr. Exp. |     |          |     |          |     |          | 1000 |
| to U.S.  |     |          |     |          |     |          | MT)  |
+----------+-----+----------+-----+----------+-----+----------+------+

## Import Trade Matrix: Dairy, Nonfat Dry

+------------------+----------------+----------------+----------------+
| Import Trade     |                |                |                |
| Matrix           |                |                |                |
|                  |                |                |                |
| Country          |                |                |                |
|                  |                |                |                |
| Brazil           |                |                |                |
|                  |                |                |                |
| Commodity        |                |                |                |
|                  |                |                |                |
| Dairy, Milk,     |                |                |                |
| Nonfat Dry       |                |                |                |
+------------------+----------------+----------------+----------------+
| Time Period      | Jan-Dec        | Units:         | Metric Tons    |
+------------------+----------------+----------------+----------------+
| Imports for:     | 2003           |                | 2004           |
+------------------+----------------+----------------+----------------+
| U.S.             | 0              | U.S.           | 0              |
+------------------+----------------+----------------+----------------+
| Others           |                | Others         |                |
+------------------+----------------+----------------+----------------+
| Argentina        | 2564           |                | 2087           |
+------------------+----------------+----------------+----------------+
| Chile            | 25             |                | 75             |
+------------------+----------------+----------------+----------------+
| New Zealand      | 66             |                | 61             |
+------------------+----------------+----------------+----------------+
| Uruguay          | 4080           |                | 1837           |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
|                  |                |                |                |
+------------------+----------------+----------------+----------------+
| Total for Others | 6735           |                | 4060           |
+------------------+----------------+----------------+----------------+
| Others not       | 0              |                | 0              |
| Listed           |                |                |                |
+------------------+----------------+----------------+----------------+
| Grand Total      | 6735           |                | 4060           |
+------------------+----------------+----------------+----------------+

## Export Trade Matrix: Dairy, Nonfat Dry

+-----------------+-----------------+-----------------+-----------------+
| Export Trade    |                 |                 |                 |
| Matrix          |                 |                 |                 |
|                 |                 |                 |                 |
| Country         |                 |                 |                 |
|                 |                 |                 |                 |
| Brazil          |                 |                 |                 |
|                 |                 |                 |                 |
| Commodity       |                 |                 |                 |
|                 |                 |                 |                 |
| Dairy, Milk,    |                 |                 |                 |
| Nonfat Dry      |                 |                 |                 |
+-----------------+-----------------+-----------------+-----------------+
| Time Period     | Jan-Dec         | Units:          | Metric Tons     |
+-----------------+-----------------+-----------------+-----------------+
| Exports for:    | 2003            |                 | 2004            |
+-----------------+-----------------+-----------------+-----------------+
| U.S.            | 0               | U.S.            | 0               |
+-----------------+-----------------+-----------------+-----------------+
| Others          |                 | Others          |                 |
+-----------------+-----------------+-----------------+-----------------+
| Angola          | 451             |                 | 6               |
+-----------------+-----------------+-----------------+-----------------+
| Algeria         | 0               |                 | 400             |
+-----------------+-----------------+-----------------+-----------------+
| Iraq            | 2325            |                 | 0               |
+-----------------+-----------------+-----------------+-----------------+
| Korea, North    | 0               |                 | 995             |
+-----------------+-----------------+-----------------+-----------------+
| Uruguay         | 0               |                 | 300             |
+-----------------+-----------------+-----------------+-----------------+
|                 |                 |                 |                 |
+-----------------+-----------------+-----------------+-----------------+
|                 |                 |                 |                 |
+-----------------+-----------------+-----------------+-----------------+
|                 |                 |                 |                 |
+-----------------+-----------------+-----------------+-----------------+
|                 |                 |                 |                 |
+-----------------+-----------------+-----------------+-----------------+
|                 |                 |                 |                 |
+-----------------+-----------------+-----------------+-----------------+
| Total for       | 2776            |                 | 1701            |
| Others          |                 |                 |                 |
+-----------------+-----------------+-----------------+-----------------+
| Others not      | 26              |                 | 44              |
| Listed          |                 |                 |                 |
+-----------------+-----------------+-----------------+-----------------+
| Grand Total     | 2802            |                 | 1745            |
+-----------------+-----------------+-----------------+-----------------+