Required Report - public distribution

**Date:** 3/29/2005

**GAIN Report Number:** TU5011

TU5011

**Turkey**

**Oilseeds and Products**

**Oilseeds annual**

**2005**

**Approved by:**

![](media/image1.wmf)Jim Higgiston, Agricultural Counselor

U.S. Embassy

**Prepared by:**

Ibrahim Sirtioglu, Agricultural Marketing Specialist

**Report Highlights:**

MY 2005 total oilseed production is projected at 2 MMT, about five
percent lower than last year\'s production. Turkey continues to be a
major importer of oilseeds and products to meet the demand of its large
poultry and domestic crushing and refining industries. Increased
crushing capacity in the sunflower seed producing Black Sea countries
has reduced sunflower seed availability and will force Turkey to import
meal and oil in coming years. Turkish imports of soybeans and meal
declined in MY 2003 to 600,000 MT and 368,000 MT respectively due to
large carryovers but are expected to rebound in MY 2004.

Includes PSD Changes: Yes

Includes Trade Matrix: Yes

Annual Report

Ankara \[TU1\]

\[TU\]

Table of Contents

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

[OILSEEDS 4](#oilseeds)

[Production 4](#production)

[Sunflower seed 4](#sunflower-seed)

[Soybean 4](#soybean)

[Cottonseed 4](#cottonseed)

[Canola 4](#canola)

[Consumption 5](#consumption)

[Trade 5](#trade)

[Stocks 6](#stocks)

[Policy 6](#policy)

[Marketing 6](#marketing)

[OIL MEALS 6](#oil-meals)

[Production 6](#production-1)

[Consumption 7](#consumption-1)

[Consumption; Soy Flour 7](#consumption-soy-flour)

[Trade 7](#trade-1)

[Stocks 7](#stocks-1)

[Policy 7](#policy-1)

[Marketing 7](#marketing-1)

[OILS 8](#oils)

[Production 8](#production-2)

[Consumption 8](#consumption-2)

[Trade 8](#trade-2)

[Margarine 9](#margarine)

[Stocks 10](#stocks-2)

[Policy 10](#policy-2)

[Marketing 10](#marketing-2)

# Executive Summary

Post estimates MY 2004 total oilseed production at about 2.06 MMT, up
three percent from MY 2003. However, a five percent decrease in total
oilseed production is forecast for MY 2005. Soybean and cottonseed area
are expected to decline due to relatively low returns. Sunflower seed
area is expected to remain the same while production will depend on
precipitation during the season. Turkey continues to be a major importer
of oilseeds and products to meet the demand of its large poultry and
domestic crushing and refining industries. Increased crushing capacity
in the sunflower seed producing Black Sea countries has reduced
sunflower seed availability and will force Turkey to import meal and oil
in coming years. Lack of imported sunflower seed will increase imports
of both meals (sun and soy) and oils (sun and soy) to meet the demand of
local poultry and oil industries.

MY 2005 meal production will almost be the same as MY 2004 as the
decline in sunflower seed meal production will be offset by minor
increases in soy and cottonseed meal production.

After two years of consecutive increases in production, Turkish broiler
production declined due to negative press regarding unfound allegations
of hormone use in feed rations. As a result of negative consumer
reaction, the industry had to lower prices below cost to stop the
decline in sales. However, the industry is expected to recover with the
start of the tourism season and a minor increase is foreseen for the
year. Despite the fluctuations in production, Turkey continues to be one
of the largest poultry producers in the region and broiler meat
production alone is expected to exceed 1 MMT in 2005.

Export prospects for Turkish liquid oil and margarine declined
drastically during the last few years due to increased crushing and
refining capacities in export markets, the over-valued Turkish Lira, and
high local raw material prices. Iraq and Libya however, have reemerged
as export markets for liquid oil and margarine. Turkey's large
population will continue to keep demand for oils high. Due to lack of
local production, demand for imported oilseeds and products to satisfy
local feed, food and oil industries will continue to increase.

During MY 2003, the U.S. market share of soybean and meal imports
declined to about forty-seven percent and forty-nine percent
respectively due to relatively high U.S. prices. Even though Turkish
millers value high quality U.S. soybeans and meal, price and
availability of trade financing still play an important role in
purchasing decisions. Presently U.S. soybean and meal quotes are
approximately USD 304 and USD 272 per MT C&F Turkey verses South
American soybeans and meals, which are USD 287 and USD 267 per MT,
respectively. Due to narrow spread between the U.S. and South American
prices, the United States is expected to gain its market share back in
MY 2004.

Soybean meal utilization in the food industry is increasing rapidly. MY
2004 consumption is estimated at about 20,000 MT and is expected to
increase to 50,000 MT within a few years.

According to the 2005 tariff regulations, customs duties for oilseeds
and products remain the same as 2004; accordingly, sunflower seed is
subject to twenty percent, soybean zero percent and cottonseed four
percent customs duties. All meal from the EU is subject to zero customs
duties while meals from other sources are subject to a two percent duty.
All oil imports - crude and refined - are subject to 31.2 percent import
duty with the exception of sunflower seed oil. Crude sunflower seed oil
is subject to a 36 percent and refined sunflower seed oil to a 50
percent customs tax. According to the Customs Union agreement with the
EU, and bilateral agreements with Romania and Bulgaria, Turkey allows
importation of oils and seeds duty free or at reduced tariff rates as
listed on page 10. According to industry sources, the GOT is under
pressure from crushers to increase import duties for all meals to six
percent to increase domestic crushing. Local feed producers, however,
are against the increase indicating that such a move will increase their
production cost. If the GOT decides to increase the duty on meal, this
will facilitate imports of more seeds, mostly soybeans from the US and
South America.

Farmers and Agricultural Sales Cooperative Unions (ASCUs) are waiting
for the government to pay production premiums for MY 2004 crops. The GOT
announced production premiums for various oilseeds and grains (sunflower
seed, soybean, seed cotton, corn and canola) and oil (olive oil) to
support local production. The GOT announced, but has not paid,
production premiums for the 2004 crop. The GOT also increased premium
amounts substantially for some crops to prevent a decline in planting.
Accordingly, MY 2004 premiums and increases in percentages compared to
MY 2003 as follows: sunflower seed NTL 0.13 per kilogram up 23 percent,
soybean NTL 0.14 per kilogram up 22 percent, olive oil NTL 0.25 per
kilogram up 25 percent, canola NTL 0.13 per kilogram up 8 percent, and
cotton NTL 0.19 per kilogram up 111 percent. Farmers using certified
seeds for producing cotton and soybeans will also be paid an additional
twenty percent for their products. (USD 1 = NTL 1.34)

Turkey has ratified the Cartagena Biosafety Protocol and is in the
process of establishing a bio-safety system. Officials state that
regulations should be in place by the end of 2005. While many Turkish
officials state that they are not opposed to biotechnology, the effect
of pending legislation on trade remains to be seen.

# OILSEEDS

## Production

### Sunflower seed

Turkey's MY 2004 sunflower seed crop reached 650,000 MT, slightly higher
than earlier season projections despite a decrease in planted area.
Optimum weather conditions and timely rains during the season helped to
increase yields while area declined due to increased planting of
confectionery pumpkin seed and sorghum in the Thrace region where
seventy percent of sunflower seeds are grown. MY 2005 production is
expected to be about 600,000 MT with no acreage increase projected.

### Soybean

Soybean production declined about fifty percent two years in a row to
25,000 MT in MY 2004. Farmers in the Cukurova region, where about eighty
percent of local soybeans are grown, were not happy with their returns
during the last two years and continue to shift to corn. A further
decline is foreseen to 20,000 MT for the coming season. Soybean planting
is now only done as a second crop following wheat to support the soil
quality.

### Cottonseed

Cottonseed production is expected to decline marginally in MY 2005 due
to decreased acreage following an unsatisfactory return for cotton in MY
2004. While production in the Aegean and Cukurova regions continues to
decline due to competition from other crops, the total production
increase will depend on planted area in the Southeastern Anatolian
Project (GAP) region, where the irrigation system is expanding very
slowly.

### Canola

Attempts to increase canola production in various regions and utilize a
higher percentage of the existing crushing capacity are still in the
experimental stage. Turkish MY 2004 production declined to 4,500 MT
compared to 6,500 MT in MY 2003 due to decreased acreage. MY 2005 canola
production is projected to be even lower, at about 2,500 MT due to the
frost last November that will adversely effect yields.

Trakya Birlik and Karadeniz Birlik, two of the leading Agricultural
Sales Cooperative Unions (ASCUs) play a very important role supporting
sunflower seed production in Turkey. Other ASCUs include Taris, (cotton
and olive oil), Cukobirlik, (cotton and soybeans) and Antbirlik, (cotton
and cottonseed). All ASCUs have thousands of members to whom they
provide seeds, fertilizer and low cost financing prior to planting. The
ASCUs try to buy their production with attractive prices after the
harvest. Trakya Birlik bought about 426,000 MT of MY 2004 crop of
sunflower seed and Karadeniz Birlik about 30,000 MT. The purchases
represent about seventy percent of the total crop, which is about the
same as last year's total purchase. Coops tend to buy large portions of
the crop because they play a role of price setter in the market for
sunflower seed and they also process large amounts of seeds to produce
crude and refine oil and meal. ASCUs are also effective at advising and
putting pressure on the government to issue production premiums and
import protection for their commodities. In line with IMF reforms, the
GOT has applied some fiscal restraints on ASCUs so that they do not
operate at a loss, i.e., purchase commodities above market value.

Any production increase for oilseeds in Turkey will depend on an
increase in cotton planted area in the GAP region, one of the largest
irrigation projects in the world. In the GAP region there is a 1.7
million hectare area irrigation target, and potential to produce about
1.0 million tons of cotton when it is completed in the year 2010.

## 

## Consumption

The majority of oilseeds and products are utilized for meal and oil. In
MY 2004 utilization of full-fat soya continues to be strong in poultry
rations. However, improved crushing margins since MY 2002 continued to
orient crushers to use soya for oil and meal in increasing amounts while
feed mills continue to use full fat soybean.

There are about 180 crushing firms in Turkey with a total capacity of
more than 4.5 MMT. Capacity utilization, which is estimated at only
about 60%, is expected to decline further due to lack of seeds. Turkish
exports of oils and fats are showing signs of improvement after
declining in recent years, particularly for margarine. These exports
still play an important role to keep the demand for imported seeds high.

The poultry industry continues to be the major consumer of soybeans and
soybean meal in Turkey. After two years of consecutive growth, 17% in
2003 and 8% percent in 2004, the Turkish broiler industry presently is
going through difficult days due to claims of utilization of hormones in
rations. A sharp decline in poultry meat consumption took place
following the negative press. The industry expects to recover with the
start of the tourism season and year-end projections signal minor growth
for 2005. Poultry meat producers had to decrease their prices to fight
against the falling sales and keep their competitive position against
the high red meat prices. Turkey continues to be one of the largest
poultry producers in this region and projected 2005 total poultry meat
production will exceed 1 MMT.

Consumption of soybean flour in food production (bakery additives) is
fairly new in Turkey but increasing sharply. MY 2004 consumption is
estimated at about 25,000 MT, up fifty percent from last year and
growing.

## Trade

MY 2004 sunflower seed imports are expected to collapse to 200,000 MT
compared to 621,000 MT in MY 2003. Increased crushing capacity in the
Black Sea region, the main region for Turkish sunflower seed imports,
and seasonal (Sept/Dec 2004) sunflower seed import duty increase to 27
percent from 20 by the GOT were the reasons for the decline. MY 2005 sun
seed imports are expected to be about the same but in the near future
sunflower seed availability in the region will be very limited for seed
hungry Turkish crushers.

Bulgaria was the main supplier during the first four months of the MY
2004 providing 90 percent of total imports (130,000 MT) due to its
geographic proximity. Other neighboring Black Sea countries such as
Ukraine and Russia lost their importance as sources since now they crush
a larger portion of their seeds domestically. Bulgarian sunflower seed
prices were about USD 270 per ton C&F Turkey at the beginning of the
season, but went up to USD 320 in recent months.

Due to the higher shipping costs and large local sunflower seed stocks
in the hands of Trakya Birlik, imports from other sources, such as
Argentina, during the second part of the marketing year seem unlikely.

Soybean imports during MY 2003 were down to 600,000 MT compared to
746,000 in MY 2002. The decline in imports was due to large carry over
stocks in the market. Poultry producers prefer to work with lower stocks
because of increased commodity prices and the relatively stronger
Turkish Lira against the US dollar. The US market share fell below fifty
percent in MY 2003 due to record US prices. In MY 2004 total imports are
expected to increase to 700,000 MT due to increased crushing margins,
and the reduced availability of sunflower seeds. The US market share is
also expected to recover during the year due to lower US prices.

Cottonseed imports recovered in MY 2003 to 63,000 MT. Syria (20,000 MT)
Togo (13,500 MT) and USA (13,500 MT) were the leading suppliers.

For the long-term, increasing demand for oil (mostly from the domestic
and somewhat from export markets) as well as for meal (mostly from the
poultry and lesser degree from livestock and food industries), with no
increase in domestic production, will keep Turkey's demand for imported
oilseeds strong.

## Stocks

Official data are not available. MY 2004 year-end stocks are expected to
be at normal levels due to high import taxes that will drive private
crushers to buy sunflower seed from Trakya Birlik. As of March 2005,
Trakya Birlik's highly priced local sunflower seed stocks are estimated
at 180,000 MT. Soybean stocks in the hands of private companies are
expected to decline somewhat due to the improved economy and decreased
price risk of holding stocks.

## Policy

According to Turkey's 2005 tariff schedule, import duties on oilseeds
are as follows:

Soybeans, 0 percent; cottonseed, 4 percent: and sunflower seed, 20
percent. According to bilateral trade agreements, Turkey will be
importing 25,000 MT of sunflower seed from Bulgaria with no duty.

# 

## Marketing

The American Soybean Association (ASA) continues to actively promote the
use of soybean and soybean products in the region. ASA's training
programs in utilization of soy flour in bakeries has become very
successful in Turkey. ASA also maintains training programs for better
utilization of soybean products in the poultry and livestock sectors.

# OIL MEALS

## Production

Total oilseed meal production for MY 2004 is projected to decline about
six percent to 1.19 MMT. An increase in cottonseed and soybean meal
production was offset by the decrease in sunflower seed meal production.
MY 2005 meal production is expected to increase only marginally due to
an increase in soybean crashing.

There are about 540 feed mills with an estimated total capacity of 12
MMT established in Turkey. While some modern large mills and the ones
belong to integrated poultry operations are reportedly increasing
capacity, about 120 mills are reported to have ceased operation due to a
lack of business. Unregistered production and sales (in order to avoid
taxes and other costs) continues to be a major factor in both the feed
and oil industries.

## Consumption

MY 2004 consumption of sunflower seed meal is expected to decline about
twenty-five percent --a total of 180,000 MT- to 535,000 MT to due to
lack of raw material. On the other hand, soy meal consumption is
expected to increase about ten percent to 600,000 MT to compensate.
Industry sources also indicate that increasing amounts of wheat bran are
also used in poultry rations to fill the gap of sunflower seed meal
supply.

In general, total oilseed meal consumption is projected to move in line
with expanding domestic poultry, livestock and soy based food
production. Overall, Turkish poultry meat production increased three
times during the last ten years to reach 1 MMT in 2004 and another fifty
percent increase is foreseen for the coming ten years. The layer
industry is also expanding. Minor growth is also foreseen for the beef
and dairy sector due to increasing local consumption.

### Consumption; Soy Flour

Utilization of soy meal to produce pasteurized soy flour is fairly new
in Turkey. Soy flour is utilized in bakery products to extend the shelf
life of bread and in confection industries to add flavor and in the meat
industry as fillers and as a low cost substitute for meat. Local
consumption for pasteurized soy flour and products is expected to exceed
50,000 MT in a few years due to expending market and investments of
leading industrial groups.

## Trade

Total meal imports in MY 2003 reached 714,000 MT, up thirty-six percent.
Decline in soy meal imports were offset by the increases in sunflower
and cottonseed meals. A significant decline in domestic sunflower seed
crushing in MY 2003 forced the poultry industry to import 312,000 MT of
sunflower seed meal compared to 64,000 MT in MY 2002. Cottonseed meal
imports also vital due to availability in neighboring countries, Syria
and Greece. In the view of declining seed imports, total meal imports
are expected to increase another fifteen percent in MY 2005 to meet
local demand.

Overall, import demand for oil meals is forecast to increase in response
to the growing demand for all meals from the poultry, livestock and
bakery industries.

In addition to the other meals Turkey's imports of fishmeal doubled
during MY 2003 and reached 40,600 MT to meet the increasing demand of
local fish farms. Peru has been the leading supplier with average price
of USD 680 per MT, C&F Turkey.

## Stocks

There is no reliable information on the level of commercial stocks.
Sunflower seed and cotton meal stocks that are being held by the
cooperatives, crushers and feed millers will be utilized before the end
of the season.

## Policy

According to the 2005 import regime, EU oil meals are subject to zero
duty and meals from other sources are subject to a two percent tariff.
But according to the industry contact the GOT is getting ready to
increase import duty on meals to six percent from all sources to help
increase domestic crushing.

## Marketing

The American Soybean Association has been very effective implementing
activities to promote soybean meal utilization including expanded use of
48% HiPro meal in poultry rations, and increased use of soy meal in
dairy, ruminant and aquaculture feed. In recent years ASA has also
promoted the food use of soy products -soy flour- via technical
conferences and site visits by experts.

# OILS

## Production

MY 2004 total oils production is expected to decline to 639,000 MT from
775,500 MT of MY 2003, due to significant decline in sunflower seed oil
production, which was the result of reduced sunflower seed imports. In
MY 2004 sunflower seed oil production is expected to decline about
thirty percent to 360,000 MT. Minor increases in both soybean oil and
cottonseed oils will not be enough to off set the decline. MY 2005
production is expected to be about little less than MY 2004 due to
decline in sunflower seed oil production.

Turkey has a large refining capacity, currently about 3.4 MMT, of which
about 2.3 MMT is used to produce liquid oils and the remaining 1.1 MMT
is used to produce margarine. Olive oil production in MY 2004 is
expected to be about 155,000 MT since it was a high year of production.
MY 2005 production is expected to decline to 90,000 MT. Olive oil
production varies greatly year to year due to the nature in which olives
are harvested. TARIS is investing in modern equipment to collect olives
that will assist to produce larger crops in off years. Hazelnut oil
production went down to 30,000 MT in MY 2004 due to lack of raw
material. Turkey also produces about 15,000 MT of corn oil annually.
Margarine production declined in recent years due to a decrease in
exports and domestic consumption. Production is expected to rebound
somewhat in MY 2004 and production is projected about 520,000 MT because
of increased exports to Iraq.

## Consumption

Domestic oil consumption is estimated at about 17 kg per capita, of
which 10 kg is liquid oil, 6 kg is margarine and 1 kg is olive oil.
Sunflower seed oil remains the principal home cooking oil in Turkey
followed by cotton, corn and olive oil. The great majority of the
sunflower oil produced or refined in Turkey is consumed locally and the
rest is exported to regional markets as refined oil.

During MY 2004 consumption of blended oils (mostly soy and cotton oil),
which declined last year are expected to rebound due to decreasing soy
oil prices and increased local sunflower seed oil prices due to high
cost of imports.

The consumption of hazelnut oil declined due to lack of raw material,
old stock hazelnuts.

A new blended oil of hazelnut and sunflower seed oil mix introduced to
the market to fill the gap. MY 2004 hazelnut production suffered frost-
induced losses that resulted in record high hazel nut prices. To meet
world demand, most old-crop stocks were liquidated resulting in a
reduced supply of hazelnuts for oil production. MY 2004 domestic
hazelnut oil consumption is expected to decline to about 20,000 MT.

Consumption of olive oil fluctuates with the swings in domestic
production since prices soften and consumption increases when the supply
is abundant.

## Trade

Starting MY 2004 Turkey will need to import larger amount of crude
vegetable oils to meet the domestic and export demand due to increased
crushing capacity and the resulting limited seed exports in neighboring
sunflower seed producing countries. MY 2004 imports of sunflower seed
oil will increase to 210,000 MT compared to 83,000 MT in 2004. Soy oil
imports will also increase during the year due to competitive prices of
the commodity.

Turkey imported 1,462 MT of rapeseed oil during MY 2003 but imports
during the first four months of the MY 2004 went up to 3,000 MT with
Germany and France being the main suppliers.

Turkish corn oil imports declined in CY 2004 to 90,025 MT compared to
about 96,000 MT in 2003 due to the change in import taxes that adversely
affected the advantageous situation of corn oil against sunflower seed
oil. US corn oil exports to Turkey in CY 2004 also declined to 63,800 MT
compared to 88,000 MT in the previous year. South American countries
Brazil (19,000 MT) and Argentina (2,950 MT) emerged as new sources.
Turkish refined corn oil exports increased in CY 2004 to 23,000 MT,
compared to 14,500 MT in 2003. Libya was the leading export market with
16,000 MT. CY 2005 Turkish corn oil imports are expected to increase
again to 110,000 MT due to the export contracts that Turkish companies
are holding and low value of the US dollar making corn oil affordable
for Turkish consumers.

Turkey continued to import large quantities of palm oil and palm kernel
oil to meet the demand of the local margarine industry for domestic and
export markets, particularly Iraq. CY 2004 palm oil imports reached
347,000 MT and palm kernel oil 101,000 MT. While palm oil imports were
up slightly palm kernel oil imports were up in larger amounts. Malaysia
and Indonesia are the main suppliers for both oils.

The current C&F import price for crude oils per MT are: U.S. corn oil
USD 750, Black Sea sun oil USD 685, palm oil USD 520 per MT, while soy
oil is about USD 610.

Turkey's refined sunflower seed oil exports declined dramatically in
recent years. MY 2003 exports remained about 15,600 MT compared to
35,000 MY in MY 2002 and 120,000 MT in the late nineties. High local raw
material prices and an increase in refining capacities at exports
markets were the reasons for the decline. MY 2004 exports will go up to
30,000 MT due to increasing demand from Iraq.

In MY 2003 Turkish olive oil exports also declined to 46,000 MT due to
limited availability. Italy continues to be the leading buyer for
Turkish olive oil importing 23,000 MT. The current export price of bulk,
refined olive oil is reported to be about USD 2,800 per MT FOB Turkey.

### Margarine 

Turkish margarine exports continue to increase in CY 2004 and reached
95,654 MT compared to 64,400 MT in 2003 and 61,000 MT in 2002. Even
though CY 2004 margarine export is less than regular annual exports of
120,000 MT in late 90's, it continues to increase in last a few years
due to increased exports to Iraq.

[Destination]{.underline} [MT]{.underline}

Iraq 20,245

Syria 8,000

Romania 6,027

Kazakhstan 4,750

Turkmenistan 4,298

Uzbekistan 3,676

Iran 3.545

Azerbaijan 2,295

Georgia 2,132

\*Domestic FTZ's 26,000 (Free Trade Zones)

Other 7,166

\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\-\--

TOTAL 95,654

\*Domestic Free Trade Zones: Mersin, Istanbul, Gaziantep

## Stocks

Sudden devaluations during the last ten years forced Turkish firms to
minimize foreign exchange risks. For this reason, the industry operates
with relatively low stocks.

## Policy

According to the 2005 tariff schedule, all liquid oil imports, crude and
refined, except sunflower oil but including olive oil are subject to
31.2% import duty. Imports of crude and refine sunflower oils are
subject to higher duties, 36 and 50% respectively.

To comply with the Customs Union agreement with the EU and free trade
agreements signed with Bulgaria and Romania, Turkey established TRQs as
listed below. In spite of the availability, Turkey does not necessarily
always utilize these quotas.

  ----------------- ----------------- ----------------- -----------------
  **Country**       **Commodity**     **Quantity**      **Duty**

  EU                Crude Sunflower   18,000 MT         0
                    Oil                                 

  EU                Crude Soybean Oil 60,000 MT         0

  EU                Refined Soybean   2,000 MT          0
                    Oil                                 

  EU                Crude Canola Oil  10,000 MT         0

  Romania           Crude Sunflower   30,000 MT         0
                    Oil                                 

  Romania           Crude Soybean Oil 9,300 MT          0

  Bulgaria          Crude Sunflower   15,000 MT         50 percent
                    Oil                                 reduced

  Bulgaria          Crude Corn Oil    1,000 MT          50 percent
                                                        reduced
  ----------------- ----------------- ----------------- -----------------

To encourage olive oil exports, the GOT maintains an export subsidy of
USD 150 per MT for consumer-packaged exports up to 5 kilograms. The
export subsidy for up to 1 kilogram branded package is US\$ 300 per ton.
The subsidy is not paid in cash but it is deductible from corporate
income tax.

## Marketing

The American Soybean Association (ASA) continues its U.S. soy oil
promotion activities at the consumer and production levels. ASA
undertakes promotional activities to increase awareness among local
consumers of the cooking qualities of soybean oil. ASA technical
consultants regularly visit refiners to overcome various technical
problems in refining and improving quality.

+-------------------+-------+-------+-------+-------+-------+-------+
| Turkey            |       |       |       |       |       |       |
|                   |       |       |       |       |       |       |
| Oilseed,          |       |       |       |       |       |       |
| Sunflower seed    |       |       |       |       |       |       |
|                   |       |       |       |       |       |       |
| (1000 HA)(1000    |       |       |       |       |       |       |
| MT)               |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | **2   | *     | **2   | **    | **2   | **    |
|                   | 003** | *Revi | 004** | Estim | 005** | Forec |
|                   |       | sed** |       | ate** |       | ast** |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | > *   | *     | *     | *     | *     | *     |
|                   | *USDA | *Post | *USDA | *Post | *USDA | *Post |
|                   | > Off | Est   | Off   | Est   | Off   | Est   |
|                   | icial | imate | icial | imate | icial | imate |
|                   | >     | \[Ne  | \[Ol  | \[Ne  | \[Ol  | \[Ne  |
|                   |  \[Ol | w\]** | d\]** | w\]** | d\]** | w\]** |
|                   | d\]** |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Market Year     |       | 09    |       | 09    |       | 09    |
| Begin**           |       | /2003 |       | /2004 |       | /2005 |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Area Planted**  | 0     | 500   | 520   | 480   | 0     | 480   |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Area            | 500   | 500   | 520   | 480   | 0     | 480   |
| Harvested**       |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Beginning       | 10    | 10    | 20    | 25    | 20    | 20    |
| Stocks**          |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Production**    | 600   | 600   | 650   | 650   | 0     | 600   |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Imports**    | 670   | 621   | 480   | 200   | 0     | 200   |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from    | 0     | 0     | 0     | 0     | 0     | 0     |
| U.S.**            |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from    | 0     | 0     | 0     | 0     | 0     | 0     |
| the EC**          |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL SUPPLY**  | 1280  | 1231  | 1150  | 875   | 20    | 820   |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Exports**    | 6     | 0     | 6     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Exp. to the  | 6     | 0     | 6     | 0     | 0     | 0     |
| EC**              |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Crush Dom.      | 1247  | 1200  | 1117  | 850   | 0     | 800   |
| Consumption**     |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Food Use Dom.   | 5     | 4     | 5     | 3     | 0     | 3     |
| Consump.**        |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Feed,Seed,Waste | 2     | 2     | 2     | 2     | 0     | 2     |
| Dm.Cn.**          |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL Dom.      | 1254  | 1206  | 1124  | 855   | 0     | 805   |
| Consumption**     |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Ending Stocks** | 20    | 25    | 20    | 20    | 0     | 15    |
+-------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL           | 1280  | 1231  | 1150  | 875   | 0     | 820   |
| DISTRIBUTION**    |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year   | 300   | 513   | 550   | 462   | 0     | 200   |
| Imports**         |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Yr     | 0     | 0     | 0     | 0     | 0     | 0     |
| Imp. U.S.**       |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year   | 0     | 0     | 0     | 0     | 0     | 0     |
| Exports**         |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calndr Yr Exp.  | 0     | 0     | 0     | 0     | 0     | 0     |
| to U.S.**         |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+

  ----------------- ----------------- ----------------- -----------------
  **Import Trade                                        
  Matrix**                                              

  **Country**       Turkey                              

  **Commodity**                       Oilseed,          
                                      Sunflowerseed     

  Time Period       Jan/Dec           Units:            Metric tons

  Imports for:      CY 2003                             **CY 2004**

  U.S.              117               U.S.              132

  Others                              Others            

  Ukraine           169474            Bulgaria          222870

  Bulgaria          151701            Ukraine           147860

  Russia            83258             Russia            55699

  Uruguay           67325             Moldova           22425

  Romania           35230             Romania           11696

  Macedonia         2071              Hungary           1236

  Moldova           1739              Kyrgyzstan        244

  Argentina         745               Kazakhstan        68

  Kazakhstan        411               Israel            60

  Canada            375               Uzbekistan        50

  Total for Others  512329                              462208

  Others not Listed 294                                 40

  Grand Total       512740                              462380
  ----------------- ----------------- ----------------- -----------------

+-------------------+-------+-------+-------+-------+-------+------+
| Turkey            |       |       |       |       |       |      |
|                   |       |       |       |       |       |      |
| Oilseed, Soybean  |       |       |       |       |       |      |
|                   |       |       |       |       |       |      |
| (1000 HA)(1000    |       |       |       |       |       |      |
| MT)               |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
|                   | **2   | *     | **2   | **    | **2   | **Fo |
|                   | 003** | *Revi | 004** | Estim | 005** | reca |
|                   |       | sed** |       | ate** |       | st** |
+-------------------+-------+-------+-------+-------+-------+------+
|                   | *     | *     | *     | *     | *     | **   |
|                   | *USDA | *Post | *USDA | *Post | *USDA | Post |
|                   | Off   | Est   | Off   | Est   | Off   | Esti |
|                   | icial | imate | icial | imate | icial | mate |
|                   | \[Ol  | \[Ne  | \[Ol  | \[Ne  | \[Ol  | \    |
|                   | d\]** | w\]** | d\]** | w\]** | d\]** | [New |
|                   |       |       |       |       |       | \]** |
+-------------------+-------+-------+-------+-------+-------+------+
| **Market Year     |       | 09    |       | 09    |       | 09/  |
| Begin**           |       | /2003 |       | /2004 |       | 2005 |
+-------------------+-------+-------+-------+-------+-------+------+
| **Area Planted**  | 0     | 0     | 0     | 0     | 0     | 0    |
+-------------------+-------+-------+-------+-------+-------+------+
| **Area            | 20    | 15    | 20    | 10    | 0     | 8    |
| Harvested**       |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **Beginning       | 65    | 127   | 60    | 81    | 60    | 85   |
| Stocks**          |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **Production**    | 45    | 45    | 50    | 25    | 0     | 20   |
+-------------------+-------+-------+-------+-------+-------+------+
| **MY Imports**    | 612   | 600   | 800   | 700   | 0     | 750  |
+-------------------+-------+-------+-------+-------+-------+------+
| **MY Imp. from    | 257   | 283   | 260   | 500   | 0     | 550  |
| U.S.**            |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **MY Imp. from    | 0     | 0     | 0     | 0     | 0     | 0    |
| the EC**          |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **TOTAL SUPPLY**  | 722   | 772   | 910   | 806   | 60    | 855  |
+-------------------+-------+-------+-------+-------+-------+------+
| **MY Exports**    | 1     | 1     | 0     | 1     | 0     | 2    |
+-------------------+-------+-------+-------+-------+-------+------+
| **MY Exp. to the  | 0     | 0     | 0     | 0     | 0     | 0    |
| EC**              |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **Crush Dom.      | 160   | 220   | 265   | 275   | 0     | 310  |
| Consumption**     |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **Food Use Dom.   | 0     | 20    | 0     | 25    | 0     | 30   |
| Consump.**        |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **Feed,Seed,Waste | 501   | 450   | 585   | 420   | 0     | 425  |
| Dm.Cn.**          |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **TOTAL Dom.      | 661   | 690   | 850   | 720   | 0     | 765  |
| Consumption**     |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **Ending Stocks** | 60    | 81    | 60    | 85    | 0     | 88   |
+-------------------+-------+-------+-------+-------+-------+------+
| **TOTAL           | 722   | 772   | 910   | 806   | 0     | 855  |
| DISTRIBUTION**    |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **Calendar Year   | 0     | 810   | 650   | 656   | 0     | 700  |
| Imports**         |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **Calendar Yr     | 0     | 383   | 350   | 303   | 0     | 500  |
| Imp. U.S.**       |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **Calendar Year   | 0     | 0     | 0     | 1     | 0     | 1    |
| Exports**         |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+
| **Calndr Yr Exp.  | 0     | 0     | 0     | 0     | 0     | 0    |
| to U.S.**         |       |       |       |       |       |      |
+-------------------+-------+-------+-------+-------+-------+------+

  ------------------ --------- ---------- ----------- ------------- -------- ----------------
  **Import Trade                                                             
  Matrix**                                                                   

  **Country**                  Turkey                                        

  **Commodity**                Oilseed,                                      
                               Soybean                                       

  Time Period        Jan/Dec              Units:                    Metric   
                                                                    tons     

  Imports for:       CY 2003                                        **CY     
                                                                    2004**   

  U.S.               382824               U.S.                      303240   

  Others                                  Others                             

  Argentina          336990               Argentina                 238948   

  Brazil             56745                Paraguay                  53620    

  Paraguay           13848                Ukraine                   21550    

  Romania            12065                Brazil                    18122    

  Ukraine            7610                 Canada                    10058    

  China              18                   Romania                   7808     

                                          Uruguay                   2348     

                                                                             

                                                                             

                                                                             

  Total for Others   427276                                         352454   

  Others not Listed                                                          

  Grand Total        810100                                         655694   
  ------------------ --------- ---------- ----------- ------------- -------- ----------------

+-------------------+-------+-------+-------+-------+-------+--------+
| Turkey            |       |       |       |       |       |        |
|                   |       |       |       |       |       |        |
| Oilseed,          |       |       |       |       |       |        |
| Cottonseed        |       |       |       |       |       |        |
|                   |       |       |       |       |       |        |
| (1000 HA)(1000    |       |       |       |       |       |        |
| MT)               |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
|                   | **2   | *     | **2   | **    | **2   | **Fore |
|                   | 003** | *Revi | 004** | Estim | 005** | cast** |
|                   |       | sed** |       | ate** |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
|                   | *     | *     | *     | *     | *     | **Post |
|                   | *USDA | *Post | *USDA | *Post | *USDA | Es     |
|                   | Off   | Est   | Off   | Est   | Off   | timate |
|                   | icial | imate | icial | imate | icial | \[N    |
|                   | \[Ol  | \[Ne  | \[Ol  | \[Ne  | \[Ol  | ew\]** |
|                   | d\]** | w\]** | d\]** | w\]** | d\]** |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Market Year     |       | 09    |       | 09    |       | 0      |
| Begin**           |       | /2003 |       | /2004 |       | 9/2005 |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Area Planted    | 720   | 710   | 720   | 715   | 0     | 700    |
| (COTTON)**        |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Area            | 710   | 710   | 715   | 715   | 0     | 700    |
| Ha                |       |       |       |       |       |        |
| rvested(COTTON)** |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Seed to Lint    | 0     | 0     | 0     | 0     | 0     | 0      |
| Ratio**           |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Beginning       | 5     | 5     | 5     | 5     | 5     | 5      |
| Stocks**          |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Production**    | 1332  | 1365  | 1350  | 1390  | 0     | 1350   |
+-------------------+-------+-------+-------+-------+-------+--------+
| **MY Imports**    | 64    | 63    | 100   | 70    | 0     | 90     |
+-------------------+-------+-------+-------+-------+-------+--------+
| **MY Imp. from    | 0     | 13    | 0     | 10    | 0     | 10     |
| U.S.**            |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **MY Imp. from    | 0     | 12    | 0     | 25    | 0     | 25     |
| the EC**          |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **TOTAL SUPPLY**  | 1401  | 1433  | 1455  | 1465  | 5     | 1445   |
+-------------------+-------+-------+-------+-------+-------+--------+
| **MY Exports**    | 1     | 0     | 0     | 0     | 0     | 0      |
+-------------------+-------+-------+-------+-------+-------+--------+
| **MY Exp. to the  | 0     | 0     | 0     | 0     | 0     | 0      |
| EC**              |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Crush Dom.      | 1330  | 1358  | 1384  | 1390  | 0     | 1375   |
| Consumption**     |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Food Use Dom.   | 0     | 0     | 0     | 0     | 0     | 0      |
| Consump.**        |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Feed,Seed,Waste | 65    | 70    | 66    | 70    | 0     | 65     |
| Dm.Cm.**          |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **TOTAL Dom.      | 1395  | 1428  | 1450  | 1460  | 0     | 1440   |
| Consumption**     |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Ending Stocks** | 5     | 5     | 5     | 5     | 0     | 5      |
+-------------------+-------+-------+-------+-------+-------+--------+
| **TOTAL           | 1401  | 1433  | 1455  | 1465  | 0     | 1445   |
| DISTRIBUTION**    |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Calendar Year   | 90    | 4     | 90    | 84    | 0     | 70     |
| Imports**         |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Calendar Yr     | 0     | 0     | 0     | 15    | 0     | 0      |
| Imp. U.S.**       |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Calendar Year   | 0     | 0     | 0     | 0     | 0     | 0      |
| Exports**         |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+
| **Calndr Yr Exp.  | 0     | 0     | 0     | 0     | 0     | 0      |
| to U.S.**         |       |       |       |       |       |        |
+-------------------+-------+-------+-------+-------+-------+--------+

+--------------------+-------+-------+-------+-------+-------+-------+
| Turkey             |       |       |       |       |       |       |
|                    |       |       |       |       |       |       |
| Meal, Sunflower    |       |       |       |       |       |       |
| seed               |       |       |       |       |       |       |
|                    |       |       |       |       |       |       |
| (1000 HA)(1000 MT) |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
|                    | **2   | *     | **2   | **    | **2   | **    |
|                    | 003** | *Revi | 004** | Estim | 005** | Forec |
|                    |       | sed** |       | ate** |       | ast** |
+--------------------+-------+-------+-------+-------+-------+-------+
|                    | *     | *     | *     | *     | *     | *     |
|                    | *USDA | *Post | *USDA | *Post | *USDA | *Post |
|                    | Off   | Est   | Off   | Est   | Off   | Est   |
|                    | icial | imate | icial | imate | icial | imate |
|                    | \[Ol  | \[Ne  | \[Ol  | \[Ne  | \[Ol  | \[Ne  |
|                    | d\]** | w\]** | d\]** | w\]** | d\]** | w\]** |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Market Year      |       | 09    |       | 09    |       | 09    |
| Begin**            |       | /2003 |       | /2004 |       | /2005 |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Crush**          | 1247  | 1200  | 1117  | 850   | 0     | 800   |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Extr. Rate,      | 0.3   | 0.3   | 0.    | 0.3   | 0     | 0     |
| 999.9999**         | 80914 | 83333 | 38496 | 88235 |       | .3875 |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Beginning        | 0     | 0     | 0     | 20    | 0     | 0     |
| Stocks**           |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Production**     | 475   | 460   | 430   | 330   | 0     | 310   |
+--------------------+-------+-------+-------+-------+-------+-------+
| **MY Imports**     | 310   | 312   | 200   | 225   | 0     | 275   |
+--------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from     | 0     | 0     | 0     | 0     | 0     | 0     |
| U.S.**             |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from the | 0     | 0     | 0     | 0     | 0     | 0     |
| EC**               |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL SUPPLY**   | 785   | 772   | 630   | 575   | 0     | 585   |
+--------------------+-------+-------+-------+-------+-------+-------+
| **MY Exports**     | 5     | 0     | 12    | 0     | 0     | 0     |
+--------------------+-------+-------+-------+-------+-------+-------+
| **MY Exp. to the   | 0     | 0     | 0     | 0     | 0     | 0     |
| EC**               |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Industrial Dom.  | 0     | 0     | 0     | 0     | 0     | 0     |
| Consum**           |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Food Use Dom.    | 0     | 0     | 0     | 0     | 0     | 0     |
| Consump.**         |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Feed Waste Dom.  | 780   | 752   | 618   | 575   | 0     | 585   |
| Consum**           |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL Dom.       | 780   | 752   | 618   | 575   | 0     | 585   |
| Consumption**      |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Ending Stocks**  | 0     | 20    | 0     | 0     | 0     | 0     |
+--------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL            | 785   | 772   | 630   | 575   | 0     | 585   |
| DISTRIBUTION**     |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year    | 300   | 113   | 200   | 346   | 0     | 350   |
| Imports**          |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Yr Imp. | 0     | 0     | 0     | 0     | 0     | 0     |
| U.S.**             |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year    | 5     | 0     | 5     | 0     | 0     | 0     |
| Exports**          |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+
| **Calndr Yr Exp.   | 0     | 0     | 0     | 0     | 0     | 0     |
| to U.S.**          |       |       |       |       |       |       |
+--------------------+-------+-------+-------+-------+-------+-------+

  ----------------- ----------------- ----------------- -----------------
  **Import Trade                                        
  Matrix**                                              

  **Country**       Turkey                              

  **Commodity**                                         
  Meal, Sunflower                                       
  seed                                                  

  Time Period       Jan/Dec           Units:            Metric tons

  Imports for:      CY 2003                             **CY 2004**

  U.S.                                U.S.               

  Others                              Others            

  Russia            45657             Russia            187799

  Ukraine           37131             Ukraine           90572

  Bulgaria          12929             Romania           31919

  Moldova           8352              Bulgaria          19306

  Romania           6642              Moldova           15973

  Belarus           2829                                 

                                                         

                                                         

                                                         

                                                         

  Total for Others  113540                              345569

  Others not Listed                                      

  Grand Total       113540                              345569
  ----------------- ----------------- ----------------- -----------------

+------------------+-------+-------+-------+-------+-------+-------+
| Turkey           |       |       |       |       |       |       |
|                  |       |       |       |       |       |       |
| Meal, Soybean    |       |       |       |       |       |       |
|                  |       |       |       |       |       |       |
| **(1000 HA)(1000 |       |       |       |       |       |       |
| MT)**            |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
|                  | **2   | *     | **2   | **    | **2   | **    |
|                  | 003** | *Revi | 004** | Estim | 005** | Forec |
|                  |       | sed** |       | ate** |       | ast** |
+------------------+-------+-------+-------+-------+-------+-------+
|                  | *     | *     | *     | *     | *     | *     |
|                  | *USDA | *Post | *USDA | *Post | *USDA | *Post |
|                  | Off   | Est   | Off   | Est   | Off   | Est   |
|                  | icial | imate | icial | imate | icial | imate |
|                  | \[Ol  | \[Ne  | \[Ol  | \[Ne  | \[Ol  | \[Ne  |
|                  | d\]** | w\]** | d\]** | w\]** | d\]** | w\]** |
+------------------+-------+-------+-------+-------+-------+-------+
| **Market Year    |       | 09    |       | 09    |       | 09    |
| Begin**          |       | /2003 |       | /2004 |       | /2005 |
+------------------+-------+-------+-------+-------+-------+-------+
| **Crush**        | 160   | 220   | 265   | 275   | 0     | 310   |
+------------------+-------+-------+-------+-------+-------+-------+
| **Extr. Rate,    | 0.8   | 0.8   | 0.8   | 0.8   | 0     | 0.8   |
| 999.9999**       |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Beginning      | > 55  | 93    | 45    | 60    | 82    | 80    |
| Stocks**         |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Production**   | 128   | 176   | 212   | 220   | 0     | 250   |
+------------------+-------+-------+-------+-------+-------+-------+
| **MY Imports**   | 430   | 368   | 585   | 465   | 0     | 480   |
+------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from   | 168   | 182   | 170   | 300   | 0     | 350   |
| U.S.**           |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from   | 0     | 1     | 0     | 0     | 0     | 0     |
| the EC**         |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL SUPPLY** | 613   | 637   | 842   | 745   | 82    | 810   |
+------------------+-------+-------+-------+-------+-------+-------+
| **MY Exports**   | 18    | 20    | 22    | 25    | 0     | 30    |
+------------------+-------+-------+-------+-------+-------+-------+
| **MY Exp. to the | 0     | 0     | 0     | 0     | 0     | 0     |
| EC**             |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Industrial     | 0     | 0     | 0     | 0     | 0     | 0     |
| Dom. Consum**    |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Food Use Dom.  | 0     | 7     | 0     | 20    | 0     | 30    |
| Consump.**       |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Feed Waste     | 550   | 550   | 738   | 600   | 0     | 660   |
| Dom. Consum**    |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL Dom.     | 550   | 557   | 738   | 620   | 0     | 690   |
| Consumption**    |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Ending         | 45    | 60    | 82    | 80    | 0     | 90    |
| Stocks**         |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL          | 613   | 637   | 842   | 745   | 0     | 810   |
| DISTRIBUTION**   |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year  | 0     | 406   | 420   | 451   | 0     | 450   |
| Imports**        |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Yr    | 0     | 201   | 270   | 162   | 0     | 300   |
| Imp. U.S.**      |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year  | 0     | 28    | 30    | 15    | 0     | 25    |
| Exports**        |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Calndr Yr Exp. | 0     | 0     | 0     | 0     | 0     | 0     |
| to U.S.**        |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+

  ----------------- ----------------- ----------------- -----------------
  **Import Trade                                        
  Matrix**                                              

  **Country**       Turkey                              

  **Commodity**                                         
  Meal, Soybean                                         

  Time Period       Jan/Dec           Units:            Metric tons

  Imports for:      CY 2003                             **CY 2004**

  U.S.              201152            U.S.              161813

  Others                              Others            

  Argentina         105300            Argentina         211606

  Brazil            89886             Brazil            76244

  Canada            5848              Netherlands       1076

  Greece            2000              Germany           121

  Netherlands       1519              United Kingdom    100

  United Kingdom    175               Israel            68

  India             93                                   

  Israel            26                                   

                                                         

                                                         

  Total for Others  204847                              289215

  Others not Listed                                      

  Grand Total       405999                              451028
  ----------------- ----------------- ----------------- -----------------

+-----------------+-------+-------+-------+-------+-------+-------+
| Turkey          |       |       |       |       |       |       |
|                 |       |       |       |       |       |       |
| Meal,           |       |       |       |       |       |       |
| Cottonseed      |       |       |       |       |       |       |
|                 |       |       |       |       |       |       |
| (1000 HA)(1000  |       |       |       |       |       |       |
| MT)             |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
|                 | **2   | *     | **2   | **    | **2   | **    |
|                 | 003** | *Revi | 004** | Estim | 005** | Forec |
|                 |       | sed** |       | ate** |       | ast** |
+-----------------+-------+-------+-------+-------+-------+-------+
|                 | *     | *     | *     | *     | *     | *     |
|                 | *USDA | *Post | *USDA | *Post | *USDA | *Post |
|                 | Off   | Est   | Off   | Est   | Off   | Est   |
|                 | icial | imate | icial | imate | icial | imate |
|                 | \[Ol  | \[Ne  | \[Ol  | \[Ne  | \[Ol  | \[Ne  |
|                 | d\]** | w\]** | d\]** | w\]** | d\]** | w\]** |
+-----------------+-------+-------+-------+-------+-------+-------+
| ####### Ma      |       | 09    |       | 09    |       | 09    |
| rket Year Begin |       | /2003 |       | /2004 |       | /2005 |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Crush**       | 1330  | 1358  | 1384  | 1390  | 0     | 1375  |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Extr. Rate,   | 0.4   | 0.4   | 0.4   | 0.4   | 0     | 0.4   |
| 999.9999**      | 49624 | 63918 | 49422 | 64029 |       | 65455 |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Beginning     | 0     | 0     | 0     | 0     | 0     | 0     |
| Stocks**        |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Production**  | 598   | 630   | 622   | 645   | 0     | 640   |
+-----------------+-------+-------+-------+-------+-------+-------+
| **MY Imports**  | 35    | 34    | 30    | 35    | 0     | 50    |
+-----------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from  | 0     | 0     | 0     | 0     | 0     | 0     |
| U.S.**          |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from  | 0     | 3     | 0     | 0     | 0     | 0     |
| the EC**        |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **TOTAL         | 633   | 664   | 652   | 680   | 0     | 690   |
| SUPPLY**        |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **MY Exports**  | 19    | 18    | 19    | 20    | 0     | 20    |
+-----------------+-------+-------+-------+-------+-------+-------+
| **MY Exp. to    | 3     | 0     | 0     | 0     | 0     | 0     |
| the EC**        |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Industrial    | 0     | 0     | 0     | 0     | 0     | 0     |
| Dom. Consum**   |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Food Use Dom. | 0     | 0     | 0     | 0     | 0     | 0     |
| Consump.**      |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Feed Waste    | 614   | 646   | 633   | 660   | 0     | 670   |
| Dom. Consum**   |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **TOTAL Dom.    | 614   | 646   | 633   | 660   | 0     | 670   |
| Consumption**   |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Ending        | 0     | 0     | 0     | 0     | 0     | 0     |
| Stocks**        |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **TOTAL         | 633   | 664   | 652   | 680   | 0     | 690   |
| DISTRIBUTION**  |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year | 0     | 0     | 0     | 35    | 0     | 45    |
| Imports**       |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Calendar Yr   | 0     | 0     | 0     | 0     | 0     | 0     |
| Imp. U.S.**     |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year | 10    | 19    | 10    | 16    | 0     | 20    |
| Exports**       |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Calndr Yr     | 0     | 0     | 0     | 0     | 0     | 0     |
| Exp. to U.S.**  |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+

+-------------------+-------+-------+-------+-------+-------+-------+
| Turkey            |       |       |       |       |       |       |
|                   |       |       |       |       |       |       |
| Oil, Sunflower    |       |       |       |       |       |       |
| seed              |       |       |       |       |       |       |
|                   |       |       |       |       |       |       |
| (**1000 MT)(1000  |       |       |       |       |       |       |
| HA**)             |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | 2003  | *     | **2   | **    | **2   | **    |
|                   |       | *Revi | 004** | Estim | 005** | Forec |
|                   |       | sed** |       | ate** |       | ast** |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | *     | *     | *     | *     | *     | *     |
|                   | *USDA | *Post | *USDA | *Post | *USDA | *Post |
|                   | Off   | Est   | Off   | Est   | Off   | Est   |
|                   | icial | imate | icial | imate | icial | imate |
|                   | \[Ol  | \[Ne  | \[Ol  | \[Ne  | \[Ol  | \[Ne  |
|                   | d\]** | w\]** | d\]** | w\]** | d\]** | w\]** |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Market Year     |       | 09    |       | 09    |       | 09    |
| Begin**           |       | /2003 |       | /2004 |       | /2005 |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Crush**         | 1247  | 1200  | 1117  | 850   | 0     | 800   |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Extr. Rate,     | 0.4   | 0.425 | 0.4   | 0.4   | 0     | 0.425 |
| 999.9999**        | 24218 |       | 29722 | 23529 |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Beginning       | 25    | 25    | 25    | 30    | 22    | 30    |
| Stocks**          |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Production**    | 529   | 510   | 480   | 360   | 0     | 340   |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Imports**    | 120   | 83    | 80    | 210   | 0     | 250   |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from    | 0     | 0     | 0     | 0     | 0     | 0     |
| U.S.**            |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from    | 0     | 0     | 0     | 0     | 0     | 0     |
| the EC**          |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL SUPPLY**  | 674   | 618   | 585   | 600   | 22    | 620   |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Exports**    | 55    | 16    | 30    | 30    | 0     | 30    |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Exp. to the  | 5     | 0     | 6     | 0     | 0     | 0     |
| EC**              |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Industrial Dom. | 10    | 10    | 14    | 10    | 0     | 10    |
| Consum**          |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Food Use Dom.   | 570   | 547   | 505   | 515   | 0     | 530   |
| Consump.**        |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Feed Waste Dom. | 14    | 15    | 14    | 15    | 0     | 15    |
| Consum**          |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL Dom.      | 594   | 572   | 533   | 540   | 0     | 555   |
| Consumption**     |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Ending Stocks** | 25    | 30    | 22    | 30    | 0     | 35    |
+-------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL           | 674   | 618   | 585   | 600   | 0     | 620   |
| DISTRIBUTION**    |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year   | 150   | 92    | 150   | 78    | 0     | 100   |
| Imports**         |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Yr     | 10    | 0     | 10    | 0     | 0     | 0     |
| Imp. U.S.**       |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year   | 75    | 36    | 75    | 15    | 0     | 30    |
| Exports**         |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calndr Yr Exp.  | 0     | 0     | 0     | 0     | 0     | 0     |
| to U.S.**         |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+

  ----------------------------- -------------- -------------- ------------
  **Import Trade Matrix**                                     

  **Country**                   Turkey                        

  **Commodity**                 Oil, Sunflower                
                                seed                          

  Time Period                   CY 2003        Units:         CY 2004

  Imports for:                                                **1**

  U.S.                                         U.S.            

  Others                                       Others         

  Ukraine                       66345          Ukraine        31083

  Russia                        10276          Romania        20845

  Argentina                     10132          Russia         14262

  Romania                       4962           Bulgaria       11787

                                               Argentina      254

                                               Iraq           24

                                               Germany        13

                                                               

                                                               

                                                               

  Total for Others              91715                         78268

  Others not Listed                                            

  Grand Total                   91715                         78268
  ----------------------------- -------------- -------------- ------------

  ------------------------ ------------- ----------------- ---------------
  **Export Trade Matrix**                                  

  **Country**              Turkey                          

  **Commodity**            Oil,                            
                           Sunflower                       
                           seed                            

  Time Period              Jan/Dec       Units:            Metric tons

  Exports for:             CY 2003                         **CY 2004**

  U.S.                     42            U.S.               

  Others                                 Others            

  Northern Iraq            9,838         Syria             7788

  Iraq                     8,642         Iraq              4087

  Libya                    5,579         N. Cyprus         1223

  Israel                   3,617         Mardin FTZ        626

  N. Cyprus                1,462         Bulgaria          567

  Ethiopia                 977           Lebanon           231

  Lebanon                  721           Aegean FTZ        161

  Japan                    644           Japan             97

  Palestine                639           Australia         94

  Georgia                  610           Israel            80

  Total for Others         32729                           14954

  Others not Listed        3,465                           461

  Grand Total              36236                           15415
  ------------------------ ------------- ----------------- ---------------

+-----------------+-------+-------+-------+-------+-------+-------+
| Turkey          |       |       |       |       |       |       |
|                 |       |       |       |       |       |       |
| ####            |       |       |       |       |       |       |
| ## Oil, Soybean |       |       |       |       |       |       |
|                 |       |       |       |       |       |       |
| (1000 MT)(1000  |       |       |       |       |       |       |
| HA)             |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
|                 | **2   | *     | **2   | **    | **2   | **    |
|                 | 003** | *Revi | 004** | Estim | 005** | Forec |
|                 |       | sed** |       | ate** |       | ast** |
+-----------------+-------+-------+-------+-------+-------+-------+
|                 | *     | *     | *     | *     | *     | *     |
|                 | *USDA | *Post | *USDA | *Post | *USDA | *Post |
|                 | Off   | Est   | Off   | Est   | Off   | Est   |
|                 | icial | imate | icial | imate | icial | imate |
|                 | \[Ol  | \[Ne  | \[Ol  | \[Ne  | \[Ol  | \[Ne  |
|                 | d\]** | w\]** | d\]** | w\]** | d\]** | w\]** |
+-----------------+-------+-------+-------+-------+-------+-------+
| Market Year     |       | 09    |       | 09    |       | 09    |
| Begin           |       | /2003 |       | /2004 |       | /2005 |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Crush**       | 160   | 220   | 265   | 275   | 0     | 310   |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Extr. Rate,   | 0.175 | 0.1   | 0.1   | 0.1   | 0     | 0.1   |
| 999.9999**      |       | 81818 | 73585 | 81818 |       | 80645 |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Beginning     | 5     | 19    | 7     | 10    | 7     | 12    |
| Stocks**        |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Production**  | 28    | 40    | 46    | 50    | 0     | 56    |
+-----------------+-------+-------+-------+-------+-------+-------+
| **MY Imports**  | 78    | 75    | 130   | 115   | 0     | 125   |
+-----------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from  | 0     | 0     | 10    | 20    | 0     | 20    |
| U.S.**          |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from  | 50    | 63    | 55    | 60    | 0     | 60    |
| the EC**        |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **TOTAL         | 111   | 134   | 183   | 175   | 7     | 193   |
| SUPPLY**        |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **MY Exports**  | 2     | 4     | 2     | 6     | 0     | 8     |
+-----------------+-------+-------+-------+-------+-------+-------+
| **MY Exp. to    | 0     | 0     | 0     | 0     | 0     | 0     |
| the EC**        |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Industrial    | 13    | 20    | 21    | 25    | 0     | 30    |
| Dom. Consum**   |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Food Use Dom. | 65    | 70    | 117   | 100   | 0     | 106   |
| Consump.**      |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Feed Waste    | 24    | 30    | 36    | 32    | 0     | 35    |
| Dom. Consum**   |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **TOTAL Dom.    | 102   | 120   | 174   | 157   | 0     | 171   |
| Consumption**   |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Ending        | 7     | 10    | 7     | 12    | 0     | 14    |
| Stocks**        |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **TOTAL         | 111   | 134   | 183   | 175   | 0     | 193   |
| DISTRIBUTION**  |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year | 200   | 120   | 220   | 76    | 0     | 100   |
| Imports**       |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Calendar Yr   | 140   | 30    | 140   | 0     | 0     | 20    |
| Imp. U.S.**     |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year | 5     | 10    | 0     | 4     | 0     | 5     |
| Exports**       |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+
| **Calndr Yr     | 0     | 0     | 0     | 0     | 0     | 0     |
| Exp. to U.S.**  |       |       |       |       |       |       |
+-----------------+-------+-------+-------+-------+-------+-------+

  ----------------- --------- ------------- ----------- -------- -------- --------------
  **Import Trade                                                          
  Matrix**                                                                

  **Country**                 Turkey                                      

  **Commodity**               Oil, Soybean                                

  Time Period       Jan/Dec                 Units:               Metric   
                                                                 tons     

  Imports for:      CY 2003                                      **CY     
                                                                 2004**   

  U.S.              16438                   U.S.                          

  Others                                    Others                        

  Spain             36153                   Spain                39316    

  Argentina         22875                   Portugal             10538    

  Portugal          18993                   Greece               10416    

  France            17896                   Italy                7243     

  Germany           6673                    Romania              5125     

  Belgium           6603                    Argentina            2359     

  Netherlands       3403                    France               398      

  Greece            3275                    Germany              3        

  Israel            2405                                                  

                                                                          

  Total for Others  118276                                       75398    

  Others not Listed                                                       

  Grand Total       134714                                       75398    
  ----------------- --------- ------------- ----------- -------- -------- --------------

+-------------------+-------+-------+-------+-------+-------+-------+
| ###### Turkey     |       |       |       |       |       |       |
|                   |       |       |       |       |       |       |
| Oil, Cottonseed   |       |       |       |       |       |       |
|                   |       |       |       |       |       |       |
| (1000 MT)(1000    |       |       |       |       |       |       |
| HA)               |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | **2   | *     | **2   | **    | **2   | **    |
|                   | 003** | *Revi | 004** | Estim | 005** | Forec |
|                   |       | sed** |       | ate** |       | ast** |
+-------------------+-------+-------+-------+-------+-------+-------+
|                   | > *   | *     | *     | *     | *     | *     |
|                   | *USDA | *Post | *USDA | *Post | *USDA | *Post |
|                   | > Off | Est   | Off   | Est   | Off   | Est   |
|                   | icial | imate | icial | imate | icial | imate |
|                   | >     | \[Ne  | \[Ol  | \[Ne  | \[Ol  | \[Ne  |
|                   |  \[Ol | w\]** | d\]** | w\]** | d\]** | w\]** |
|                   | d\]** |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Market Year     |       | 09    |       | 09    |       | 09    |
| Begin**           |       | /2003 |       | /2004 |       | /2005 |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Crush**         | 1330  | 1358  | 1384  | 1390  | 0     | 1375  |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Extr. Rate,     | 0.1   | 0.1   | 0.1   | 0.1   | 0     | 0.1   |
| 999.9999**        | 65414 | 65685 | 60405 | 64748 |       | 67273 |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Beginning       | 0     | 0     | 0     | 0     | 0     | 0     |
| Stocks**          |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Production**    | 220   | 225   | 222   | 229   | 0     | 230   |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Imports**    | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from    | 0     | 0     | 0     | 0     | 0     | 0     |
| U.S.**            |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from    | 0     | 0     | 0     | 0     | 0     | 0     |
| the EC**          |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL SUPPLY**  | 220   | 225   | 222   | 229   | 0     | 230   |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Exports**    | 1     | 2     | 5     | 4     | 0     | 4     |
+-------------------+-------+-------+-------+-------+-------+-------+
| **MY Exp. to the  | 0     | 0     | 0     | 0     | 0     | 0     |
| EC**              |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Industrial Dom. | 15    | 15    | 15    | 15    | 0     | 15    |
| Consum**          |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Food Use Dom.   | 204   | 208   | 202   | 210   | 0     | 211   |
| Consump.**        |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Feed Waste Dom. | 0     | 0     | 0     | 0     | 0     | 0     |
| Consum**          |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL Dom.      | 219   | 223   | 217   | 225   | 0     | 226   |
| Consumption**     |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Ending Stocks** | 0     | 0     | 0     | 0     | 0     | 0     |
+-------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL           | 220   | 225   | 222   | 229   | 0     | 230   |
| DISTRIBUTION**    |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year   | 10    | 7     | 10    | 5     | 0     | 5     |
| Imports**         |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Yr     | 0     | 7     | 0     | 0     | 0     | 0     |
| Imp. U.S.**       |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year   | 5     | 5     | 5     | 2     | 0     | 0     |
| Exports**         |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+
| **Calndr Yr Exp.  | 0     | 0     | 0     | 0     | 0     | 0     |
| to U.S.**         |       |       |       |       |       |       |
+-------------------+-------+-------+-------+-------+-------+-------+

+------------------+-------+-------+-------+-------+-------+-------+
| ###### Turkey    |       |       |       |       |       |       |
|                  |       |       |       |       |       |       |
| Oil, Olive       |       |       |       |       |       |       |
|                  |       |       |       |       |       |       |
| (1000 HA)(1000   |       |       |       |       |       |       |
| TREES)(1000 MT)  |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
|                  | **2   | *     | **2   | **    | **2   | **    |
|                  | 003** | *Revi | 004** | Estim | 005** | Forec |
|                  |       | sed** |       | ate** |       | ast** |
+------------------+-------+-------+-------+-------+-------+-------+
|                  | *     | Post  | *     | *     | *     | *     |
|                  | *USDA | Est   | *USDA | *Post | *USDA | *Post |
|                  | Off   | imate | Off   | Est   | Off   | Est   |
|                  | icial | \[    | icial | imate | icial | imate |
|                  | \[Ol  | New\] | \[Ol  | \[Ne  | \[Ol  | \[Ne  |
|                  | d\]** |       | d\]** | w\]** | d\]** | w\]** |
+------------------+-------+-------+-------+-------+-------+-------+
| **Market Year    |       | 11    |       | 11    |       | 11    |
| Begin**          |       | /2003 |       | /2004 |       | /2005 |
+------------------+-------+-------+-------+-------+-------+-------+
| **Area Planted** | 0     | 0     | 0     | 0     | 0     | 0     |
+------------------+-------+-------+-------+-------+-------+-------+
| **Area           | 0     | 0     | 0     | 0     | 0     | 0     |
| Harvested**      |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Trees**        | 0     | 92500 | 0     | 95000 | 0     | 97500 |
+------------------+-------+-------+-------+-------+-------+-------+
| **Beginning      | 15    | 30    | 0     | 2     | 10    | 22    |
| Stocks**         |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Production**   | 65    | 80    | 175   | 155   | 0     | 90    |
+------------------+-------+-------+-------+-------+-------+-------+
| **MY Imports**   | 0     | 0     | 0     | 0     | 0     | 0     |
+------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from   | 0     | 0     | 0     | 0     | 0     | 0     |
| U.S.**           |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **MY Imp. from   | 0     | 0     | 0     | 0     | 0     | 0     |
| the EC**         |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL SUPPLY** | 80    | 110   | 175   | 157   | 10    | 112   |
+------------------+-------+-------+-------+-------+-------+-------+
| **MY Exports**   | 50    | 46    | 60    | 65    | 0     | 40    |
+------------------+-------+-------+-------+-------+-------+-------+
| **MY Exp. to the | 10    | 24    | 10    | 0     | 0     | 0     |
| EC**             |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Industrial     | 5     | 2     | 5     | 5     | 0     | 0     |
| Dom. Consum**    |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Food Use Dom.  | 25    | 60    | 100   | 65    | 0     | 70    |
| Consump.**       |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Feed Waste     | 0     | 0     | 0     | 0     | 0     | 0     |
| Consumption**    |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL Dom.     | 30    | 62    | 105   | 70    | 0     | 70    |
| Consumption**    |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Ending         | 0     | 2     | 10    | 22    | 0     | 2     |
| Stocks**         |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **TOTAL          | 80    | 110   | 175   | 157   | 0     | 112   |
| DISTRIBUTION**   |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year  | 0     | 0     | 0     | 0     | 0     | 0     |
| Imports**        |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Yr    | 0     | 0     | 0     | 0     | 0     | 0     |
| Imp. U.S.**      |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Calendar Year  | 0     | 28    | 0     | 45    | 0     | 40    |
| Exports**        |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+
| **Calndr Yr Exp. | 0     | 10    | 0     | 11    | 0     | 12    |
| to U.S.**        |       |       |       |       |       |       |
+------------------+-------+-------+-------+-------+-------+-------+

  ---------------------- --------------- --------------- -----------------
  **Export Trade                                         
  Matrix**                                               

  **Country**            Turkey                          

  **Commodity**          Oil, Olive                      

  Time Period            Jan/Dec         Units:          Metric tons

  Exports for:           CY 2003                         **CY 2004**

  U.S.                   13516           U.S.            10500

  Others                                 Others          

  Italy                  34055           Italy           19768

  Spain                  14466           Canada          3625

  Canada                 2442            Spain           3405

  Morocco                1552            Ivory Coast     1552

  Argentina              1133            S. Korea        1122

  S. Arabia              1130            Australia       745

  Ivory Coast            996             Japan           579

  Colombia               760             Argentina       509

  S. Korea               621             S. Arabia       511

  Japan                  552             Norway          271

  Total for Others       57707                           32087

  Others not Listed      2890                            2157

  Grand Total            74113                           44744
  ---------------------- --------------- --------------- -----------------

+-----------------+--------+-------+-------+-------+-------+-------+
| Turkey          |        |       |       |       |       |       |
|                 |        |       |       |       |       |       |
| #####           |        |       |       |       |       |       |
| # Oil, Rapeseed |        |       |       |       |       |       |
|                 |        |       |       |       |       |       |
| (1000 MT)(1000  |        |       |       |       |       |       |
| HA)             |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
|                 | **     | *     | **2   | **    | **2   | **    |
|                 | 2003** | *Revi | 004** | Estim | 005** | Forec |
|                 |        | sed** |       | ate** |       | ast** |
+-----------------+--------+-------+-------+-------+-------+-------+
|                 | **USDA | *     | *     | *     | *     | *     |
|                 | Of     | *Post | *USDA | *Post | *USDA | *Post |
|                 | ficial | Est   | Off   | Est   | Off   | Est   |
|                 | \[O    | imate | icial | imate | icial | imate |
|                 | ld\]** | \[Ne  | \[Ol  | \[Ne  | \[Ol  | \[Ne  |
|                 |        | w\]** | d\]** | w\]** | d\]** | w\]** |
+-----------------+--------+-------+-------+-------+-------+-------+
| Market Year     |        | 09    |       | 09    |       | 09    |
| Begin           |        | /2003 |       | /2004 |       | /2005 |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Crush**       | 0      | 7     | 0     | 5     | 0     | 3     |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Extr. Rate,   | 0      | 0.4   | 0     | 0.4   | 0     | 0.3   |
| 999.9999**      |        | 28571 |       |       |       | 33333 |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Beginning     | 0      | 0     | 0     | 0     | 0     | 0     |
| Stocks**        |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Production**  | 0      | 3     | 0     | 2     | 0     | 1     |
+-----------------+--------+-------+-------+-------+-------+-------+
| **MY Imports**  | 3      | 2     | 10    | 6     | 0     | 10    |
+-----------------+--------+-------+-------+-------+-------+-------+
| **MY Imp. from  | 0      | 0     | 0     | 0     | 0     | 0     |
| U.S.**          |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **MY Imp. from  | 3      | 2     | 10    | 5     | 0     | 0     |
| the EC**        |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **TOTAL         | 3      | 5     | 10    | 8     | 0     | 11    |
| SUPPLY**        |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **MY Exports**  | 0      | 0     | 0     | 0     | 0     | 0     |
+-----------------+--------+-------+-------+-------+-------+-------+
| **MY Exp. to    | 0      | 0     | 0     | 0     | 0     | 0     |
| the EC**        |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Industrial    | 0      | 0     | 0     | 0     | 0     | 0     |
| Dom. Consum**   |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Food Use Dom. | 3      | 5     | 10    | 8     | 0     | 11    |
| Consump.**      |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Feed Waste    | 0      | 0     | 0     | 0     | 0     | 0     |
| Dom. Consum**   |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **TOTAL Dom.    | 3      | 5     | 10    | 8     | 0     | 11    |
| Consumption**   |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Ending        | 0      | 0     | 0     | 0     | 0     | 0     |
| Stocks**        |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **TOTAL         | 3      | 5     | 10    | 8     | 0     | 11    |
| DISTRIBUTION**  |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Calendar Year | 0      | 10    | 0     | 3     | 0     | 6     |
| Imports**       |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Calendar Yr   | 0      | 0     | 0     | 0     | 0     | 0     |
| Imp. U.S.**     |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Calendar Year | 0      | 0     | 0     | 0     | 0     | 0     |
| Exports**       |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+
| **Calndr Yr     | 0      | 0     | 0     | 0     | 0     | 0     |
| Exp. to U.S.**  |        |       |       |       |       |       |
+-----------------+--------+-------+-------+-------+-------+-------+