APPENDIX H: AGRICULTURAL COMMODITIES SUPPLY INFORMATION

*Note: All data for this appendix was provided by the U.S. Department of
Agriculture.*

[Wheat]{.underline}

*Domestic Situation*

Projected 2002/03 ending stocks of wheat are down 36 million bushels
from last month as reduced production more than offsets smaller use.
Projected ending stocks, at 371 million bushels, are 406 million bushels
below the revised carryin level and the lowest since 340 million bushels
in 1973/74. Estimated production published in the September 30 Small
Grains 2002 Summary is down 62 million bushels from the previous
forecast. Spring wheat (including durum) is down 46 million bushels,
largely because of lower harvested area. Winter wheat is 16 million
bushels below the previous forecast due to lower area and yield.
Projected feed and residual use is reduced 25 million bushels because
the September 1 stocks implied smaller-than-expected use in the
June-August quarter. The projected price range is narrowed 10 cents on
each end to \$3.55 to \$3.95 per bushel.

*World Supply and Trade*

World wheat trade in 2002/03 is forecast to be about 100 million tons,
down 8.5 million tons from 2001/02. Global production is forecast down
8.9 million tons but consumption is forecast up 10.2 million tons from
the previous year. Global stocks are forecast to fall by 28.4 million
tons to the lowest level since 1982/83.

In early October, export quotes for #2 HRW FOB Gulf averaged \$194/MT,
up \$4 from last month and up nearly \$65 from early June. Global
production is down 2.8 million tons from last month with smaller crops
in the United States, Australia, and Brazil partially offset by a larger
crop in Russia. Global consumption is largely unchanged, while ending
stocks are forecast down 4.3 million tons from last month due mainly to
lower forecast U.S. and Indian stocks. Global wheat trade in 2002/03 is
forecast virtually unchanged from last month as increased exports from
India, Russia, and the EU offset lower exports from Canada and
Australia. Brazilian imports are forecast up 500,000 tons and are
partially offset by lower imports by the United States.

[Coarse Grains (corn, sorghum, barley, oats, and rye)]{.underline}

*Domestic Situation*

Projected 2002/03 ending stocks of corn are up 35 million bushels from
last month as the higher production more than offsets increased use and
reduced beginning stocks. Reported beginning stocks are 37 million
bushels below last month's forecast. Production is up 121 million
bushels from last month due to higher yields, but the corn crop is still
expected to be the smallest since 1995/96. Reduced production of barley
and oats, published in the September 30 Small Grains 2002 Summary, is
largely reflected in lower projected feed and residual use. Projected
feed and residual use of corn is increased 50 million bushels this month
to offset lower barley and oat use. The projected 2002/03 corn price
range is lowered

5 cents on each end to \$2.30 to \$2.70 per bushel.

*World Supply and Trade*

World coarse grain trade in 2002/03 is practically unchanged from a year
earlier at 101 million tons. The gap between global consumption and
global production is expected to more than double, dropping carryout
stocks approximately 35 million tons to 134.4 million. U.S. corn, China
corn, and EU barley and rye are forecast to comprise more than
two-thirds of world coarse grain stocks.

Projected 2002/03 global coarse grain production, use, and ending stocks
are up slightly from last month. Foreign coarse grain production is down
marginally from last month as reductions for Australia barley, Canada
barley and oats, China millet and sorghum, and India millet more than
offset increases for Russia barley, Ukraine and Serbia corn, and EU
barley and oats. There are a number of largely offsetting changes in
global 2002/03 coarse grain trade, use, and ending stocks.

Global corn trade is virtually unchanged in 2002/03. U.S. exports will
rise as a result of reduced competition and steady imports.

#### Rice

*Domestic Situation*

U.S. 2002/03 rice supplies are projected at a record 263.9 million cwt,
2 percent above last month and 4 percent above 2001/02. Rice production
is forecast at 211.9 million cwt, 3 percent above last month, and just
fractionally below the 2001/02 record. U.S. average yield for 2002/03 is
forecast at a record 6,608 pounds per acre, nearly 3 percent above last
month and last year. Long-grain production is forecast at 157.4 million
cwt, nearly 3 percent above last month, but 5 percent below the 2001/02
record. Combined medium- and short- grain production is forecast at 54.5
million cwt, nearly 3 percent above last month, and 14 percent above
2001/02. Imports in 2002/03 are projected at 13 million cwt, 2 percent
below last month and slightly below the revised 2001/02 level.

Domestic and residual use for 2002/03 is projected at a record 125.0
million cwt, 1 percent below last month, but nearly 3 percent above
revised 2001/02. Exports are projected at 97 million cwt, 2 percent
above last month, and 3 percent above the revised 2001/02 estimate.
Exports of rough rice and milled rice are projected at 32 million cwt
and 65 million cwt (rough-equivalent basis), respectively. Ending
stocks, at 41.9 million cwt, are up nearly 12 percent from last month, 8
percent above 2001/02, and the largest since 1986/87. The season-average
price range for 2002/03 is lowered 35 cents per cwt on each end to
\$3.50 to \$4.00 per cwt compared to \$4.17 per cwt in 2001/02. The
price decline is due largely to continued weak international prices,
record domestic supplies, and low prices reported by NASS for the first
2 months of the marketing year.

*World Supply and Trade*

World trade in 2003 is projected at 26.2 million tons, virtually
unchanged from the previous year and up 500,000 tons from last month's
estimate. Global production in 2002/03 is projected at 381.2 million
tons (milled basis), down 15.1 million tons from revised 2001/02. Global
ending stocks in 2002/03 are projected at 105.5 million tons, 26.5
million tons below revised 2001/02. Global consumption in 2002/03 is
forecast at 407.7 million tons.

Asian export price quotes softened during the past month. In Thailand,
export price quotes for 100B have dropped \$8 to \$189 per ton (FOB)
partly due to some sales of government-held stocks. In Vietnam, export
price quotes for 5 percent eased \$4 to \$187 per ton (FOB) due to a
seasonal boost in supplies. Conversely, the export price quote for U.S.
long grain grade #2/4 has strengthened \$10 this month to \$223 per ton
(FOB), while the price quote for California medium grain #1/4 continues
sideways at \$255 per ton (ex-spout Sacramento).

[Soybeans and Products]{.underline}

*Domestic Situation*

The lower prices for most other major commodities during 2000/2001 led
to near record plantings of 74.1 million acres of soybeans in 2001/2002.
The higher net returns associated with soybeans was due in part to lower
input costs. While the area planted was down 200,000 acres from the
record in 2000/2001, the fall was minor in comparison to declines in
planted acres of corn, wheat, and feed grains.

The large soybean area planted along with the yield of 39.6 bushels per
acre led to an overall production of 78.7 million tons from a record 73
million harvested acres. This was the highest production total to date,
and the second highest yield on record. The U.S. season average price
fell to \$4.35 per bushel, down from \$4.54 in 2000/2001 due to large
world supplies of soybeans. These lower prices helped push U.S. exports
up 1.9 million tons to about 30 million tons, despite a nearly 3 million
ton drop in Chinese imports of soybeans.

Healthy crush margins helped raise the U.S. soybean crush to 46.3
million tons in 2001/2002. This is

1.6 million tons higher than 2000/2001 and is attributable to higher
domestic disappearance, as meal exports actually declined slightly.
While margins narrowed toward the end of the marketing year, soybean oil
is expected to contribute a higher share of the returns due to
especially tight world vegetable oil supplies and resulting higher
prices.

U.S. soybean meal exports for 2001/2002 eased slightly to 6.94 million
tons from 6.99 in the previous year. The increased world demand for meal
was largely satisfied by large increases in exports from Argentina and
Brazil, which together were up almost 3 million tons. The growth in
domestic disappearance of soybean meal was helped by lower prices,
higher poultry production, and slightly lower corn supplies.

Large world supplies of vegetable oils in recent years changed in
2001/2002 to a situation of tighter supplies, increasing the value of
U.S. origin oil. Beginning soybean oil stocks in the United States were
large at 2.88 billion lbs, and ending stocks were 2.44 billion lbs.
Season average price in 2001/2002 was 16.5 cents a pound, up from 14.2
cents in 2000/2001. U.S. exports of edible oils rose to 2.5 billion
pounds in 2001/2002 from 1.4 billion pounds the prior year.

*World Oilseeds and Products Supply and Trade*

World oilseed production in 2001/2002 increased 9.9 million tons over
the previous year's production totaling 323.3 million tons. Increases in
soybeans, cottonseed, peanut, and palm kernel more than offset declines
in sunflowerseed, rapeseed and copra. Weak net returns to sunflowerseed
and rapeseed caused a reduction in the area planted, along with
weather-related drops in yields in Canada, Argentina, India and the
Former Soviet Union.

Major oilseed crushing rose 4.1 percent in 2001/2002 to 264.8 million
tons. Soybean again led all crushing increases, up 10.9 million tons to
157.9 million tons. Rapeseed crush dropped 1.7 million tons and
sunflowerseed crush fell over 2 million tons. Exports of oilseeds fell
2.1 million tons, or 3 percent, with rapeseed and sunflowerseed of 2
million and 1.2 million tons respectively. This large export decline
more than offset modest increases in soybeans, up 890 thousand tons, and
peanuts, up 250 thousand tons. World ending stocks fell 3 percent to
34.8 million tons. The most notable stock changes were associated with
rapeseed, down 650 thousand tons, sunflowerseed, down 360 thousand tons;
and soybeans, up 190 thousand tons.

World protein meal production rose 4 percent to 182.5 million tons in
2001/2002. Declines of about 1 million tons each in rapeseed meal and
sunflowerseed meal production were more than offset by an

8.3 million ton increase in soybean meal production. Exports of protein
meals rose 6 percent to 60 million tons, as Argentina shipped out 2.1
million more tons of soybean meal, Brazil 820,00 more, and China
exported 890,000 tons more than during 2000/2001.

The world edible oil situation changed in 2001/2002 from one of ample
supplies to one of growing scarcity and rising prices. While total
production rose by 2.4 percent, consumption grew just over

3 percent, sending stocks 14.7 percent lower. World edible oil
production rose to 91.1 million tons. A slight palm oil production
increase along with lower coconut oil, sunflowerseed oil, and rapeseed
oil production account for the weak supply situation. The production
decline in high oil-yielding sunflowerseed and rapeseed of 3.5 million
tons meant that over 8 million tons of additional soybean production
would be needed to offset the oil lost from declines in the other oils.
Soybean production rose 8.6 million tons, but the net result was a
relative tightening of the world's vegetable oil supply and relatively
more meal becoming available. Soybean oil's market share rose 2.5 points
to 25.2 percent of exports, while palm oil's market share rose only .1
points to 48.1 percent. These gains came at the expense of virtually all
other vegetable oils, whose combined market share dropped 2.6 percent to

26.7 percent in 2001/2002.

#### Cotton

*Domestic Situation*

Cotton production in MY 2001/2002 was a record 20.3 million bales, up
about 18 percent from the previous season. Upland cotton production, at
19.6 million bales, was 17 percent above the previous year.
American-pima production totaled 700,000 bales, up 80 percent above the
previous season.

The area planted to all cotton totaled 15.8 million acres, a 1.6 percent
increase from the previous season. Harvested area, at 13.8 million
acres, was up 6 percent from the previous season. The increases in
planted acreage were attributable to the favorableness of cotton as an
alternative crop during times of low prices. Harvested acreage increased
due to more traditional abandonment levels than the previous season when
high abandonment occurred due to extremely dry conditions. Yields for
the United States averaged 705 pounds per harvested acre, the third
highest yield on record.

Total cotton mill use during 2001/2002 was 7.7 million bales, down from
8.9 million the previous season. Upland cotton use, at 7.6 million bales
was down 12.8 percent. American-pima mill use was estimated at 104
thousand bales, down 16.1 percent. Total 2001/2002 exports were
estimated at 11 million bales, up 63 percent from the previous season.
According to FAS data, the top six markets during 2001/2002 were Mexico,
Turkey, India, Indonesia, Taiwan, and Thailand. Ending stocks for
2001/2002 were estimated at 7.6 million bales, up 27 percent from the
previous season.

[Cotton]{.underline}

International cotton prices in 2001/2002 were lower than the previous
season, with the Cotlook A-Index (average of 5 lowest CIF North Europe
quotes) average of 41.83 cents per pound. The A-Index was at its highest
monthly level in July 2002 at 46.59 cents per pound, while the lowest
price was for 37.22 cents per pound in October 2001.

World 2001/2002 cotton production was estimated at 98.0 million bales,
up 10.5 percent from the previous season. Foreign production was
estimated at 77.8 million bales, up 8.7 percent. The 2001/2002 season
was characterized by a large crop in China, the United States, India,
Pakistan, and Uzbekistan. Production in some of the major importing
countries such as Thailand and Indonesia increased significantly.

World 2001/2002 consumption was estimated at 94.4 million bales, up 2.6
percent from the previous season. The major increases in consumption
were in China, Pakistan, and Turkey. World exports for 2001/2001 totaled
29.1 million bales, up 9.4 percent from the previous season. Increased
exports were seen in the United States, Mali, Egypt, and Benin.

World ending stocks for 2001/2002 were estimated at 46.8 million bales,
9.6 percent above the previous season. A significant ending stock
decrease occurred in China and Brazil.

#### Hides and Skins

U.S. Trade

According to U.S. trade statistics, U.S. whole cattle hide exports for
2001 totaled 23.3 million hides, reflecting a 13 percent rise from the
2000 level. In 2001, the value of U.S. whole cattle hide exports
increased by 26 percent to \$1.45 billion. The U.S. export value of
whole cattle hides and parts for January - August 2002 reached \$892
million, down 12 percent from the value exported for the same period in
2001.

#### Wood Products

##### Domestic Housing Situation

Construction put in place during July 2002 was estimated at a seasonally
adjusted annual rate of

\$834.1 billion, nearly unchanged from the revised June estimate of
\$833.8 billion, according to the U.S. Commerce Department's Census
Bureau. The July figure is 1.1 percent below July 2001. During the first
7 months of this year \$474.1 billion of construction was put in place,
0.2 percent above the \$473.0 billion for the same period in 2001. In
constant (1996) dollars, the July annual rate was \$682.9 billion, 0.3
percent above the revised estimate of \$681.2 billion for June. Spending
on new residential housing units was at a seasonally adjusted annual
rate of \$295.4 billion in July, 0.1 percent above the revised June
estimate of \$295.1 billion. Nonresidential building construction was at
a rate of \$162.1 billion,

2.1 percent below the revised June estimate of \$165.7 billion. In July,
the estimated seasonally adjusted annual rate of public construction put
in place was \$198.7 billion, 0.9 percent above the revised June
estimate of \$197.0 billion.

*Domestic Wood Product Situation*

Production of lumber in the United States amounted to 46.6 billion board
feet in 2001, which is

5.7 percent below the 49.4 billion board feet in 2000. Eastern lumber
production amounted to 29.2 billion board feet in 2001, 6.3 percent
below the 2000 level of 31.2 billion board feet. Southern yellow pine
production amounted to 15.9 billion board feet in 2001, 4.1 percent
below the 2000 production level. Production of eastern hardwoods
amounted to 10.9 billion board feet in 2001, 7.9 percent below the 2000
level. Western lumber production amounted to 17.4 billion board feet in
2001, a decline of 4.6 percent from the 2000 production level of 18.3
billion board feet. Production of western softwoods decreased by 4.6
percent to 16.9 billion board feet from 2000 to 2001. Total western
hardwood production decreased by 7.3 percent to 480,000 board feet.

##### U.S. Solid Wood Product Exports

In 2001, the United States exported \$5.1 billion of solid wood
products, down 17 percent from the previous year. Rather than being
attributed to any single market or region, decreases were registered in
a majority of the U.S. export markets. Of the top 15 export markets for
U.S. solid wood products, only China and Hong Kong posted gains in 2001.
In 2002, U.S. wood products are forecast to decrease an additional \$100
million to total \$5.0 billion. Despite the forecast decline, exports to
5 of the top 15 wood markets will likely post gains in 2002. Exports to
China and Hong Kong remain strong, while exports to Korea, Taiwan, and
the Dominican Republic appear to be rebounding. Also, exports to Canada
and Mexico, the first and fourth-largest U.S. export markets for wood
products, are also close to returning positive growth in 2002.

In 2001, exports to Japan totaled \$1.07 billion, a decrease of \$413
million from the previous year. Much of the loss was attributed to
declining log exports. As Japanese consumers and government officials
turn their attention towards increasing the quality and longevity of
houses, builders are utilizing more softwood lumber and engineered wood
products. This change in preference favors building structures with
kiln-dried lumber rather than green lumber processed from Douglas-fir
logs. European exports of softwood lumber to Japan have displaced much
of the U.S. Douglas-fir log trade that had once thrived.

Exports to the European Union (EU) totaled \$1.0 billion in 2001, a
decrease of \$242 million from the previous year. Of the major products
exported to the EU, hardwood lumber decreased \$84 million, softwood
lumber decreased \$52 million, and hardwood veneer decreased \$21
million. These declines are attributed partly to increased production of
these products in the EU.

In 2001, exports to Mexico were \$373 million, a decrease of \$60
million from the previous year. Mexico has been one of the countries
most affected by the economic slowdown in the United States in 2001. The
impact of this slowdown has been unfavorable for U.S. wood product
exports, because much of the wood is processed into furniture and
exported back to the United States. The construction and furniture
sectors in Mexico have also been negatively influenced by the stagnant
growth. Moreover, consumers have experienced slight wage decreases and
higher unemployment. This has resulted in decreased consumer spending in
the furniture and construction industries. Hardwood lumber exports, used
mainly by Mexico's furniture industry, decreased \$24 million in 2001.
Decreased demand for housing has also reduced market opportunities for
U.S. wood products.

In 2001, exports to China totaled \$137 million, an increase of \$43
million from the previous year. A majority of the increase is attributed
to log exports and are a direct result of a ban on logging in certain
parts of the country's interior, particularly along the upper Yangtze
and Yellow rivers. The ban was recently expanded to include the
remaining primeval forests in Northeast China, and additional expansions
are anticipated. Enforcement of the ban appears to be improving, as
indicated by the drop in production and growing demand for imports. The
logging ban is part of an ambitious plan to increase China's forest
cover and reduce effects of deforestation.

### U.S. TRADE POLICY UPDATE

[EPA Announces Transition From Consumer Use Of Treated Wood Containing
Arsenic]{.underline}

On February 12, 2002, the Environmental Protection Agency announced a
voluntary decision by the wood treating industry to move consumers away
from the use of treated wood products containing arsenic by December 31,
2003. CCA-treated (copper chromated arsenate) wood is the most common
form of treated wood used in the United States. CCA treated wood is used
in a wide variety of applications including utility poles, roller
coasters, outdoor decks, fencing, playground equipment, and other
structures where wood is exposed to pests or the weather. EPA indicated
that it does not believe there is a reason to remove or replace existing
CCA-treated structures. In a related matter, the European Commission is
proposing to ban the use of CCA-treated wood in all but a few industrial
applications: railway sleepers, electric power transmission and
telecommunications poles, and cooling towers.

# IPPC Adopts Standard for Wood Packing Material

On March 15, 2002, the Interim Commission for Phytosanitary Measures,
the governing body of the International Plant Protection Convention
(IPPC), adopted a new standard for wood packing material used in
international trade. The standard describes phytosanitary measures to
reduce the risk of introduction or spread of pests associated with wood
packing material. Wood packing material that has been treated with one
or more approved measures and bears the specified mark will normally be
accepted by all national plant protection organizations. The United
States is one of 116 countries that are contracting parties to the IPPC.
Measures approved in the standard include heat treatment (to a core
temperature of 56° C for a minimum of 30 minutes) and fumigation with
methyl-bromide. In 2001, the United States traded more than \$1.8
trillion worth of goods internationally, much of which was shipped using
packing material covered by the IPPC standard. On June 27, 2002, the
International Plant Protection Convention (IPPC) suspended
implementation of its new standard for wood packing material used in
international trade. The action resulted from unforeseen legal issues
surrounding the trade marking of the "no bug" mark. The "no bug" mark
was developed to signify that wood packing material carrying the mark is
in compliance with the heat treatment/fumigation measures identified in
the IPPC standard. The IPPC has indicated that it could take up to five
months to develop and trade mark a new mark. (For additional
information, view http://www.aphis.usda.gov/ppq/swp/.)

# ITC Finds Threat of Injury in Canadian Softwood Lumber Investigation

On March 22, 2002, the Department of Commerce (DOC) announced the final
countervailing duty rates and antidumping margins for Canadian softwood
lumber, finding a net countervailing duty rate of

18.79 percent and antidumping margins ranging from 2.18 to 12.44
percent. In May, the International Trade Commission (ITC) announced its
final injury determination, finding a threat of material injury in both
the countervailing duty and antidumping investigations of Canadian
softwood lumber. The duties were effective May 22, following publication
of ITC's final determination in the *Federal Register*. On July 17, the
Department of Commerce (DOC) announced it was initiating an expedited
review of its countervailing duty order for the purpose of establishing
company-specific cash deposit rates for 73 Canadian manufacturers of
softwood lumber. DOC had previously indicated its intent to initiate
such a review in its May 22 countervailing duty order. Products
manufactured in the Maritime Provinces are exempt from the
countervailing duty, as are products of certain manufacturers who rely
entirely on logs sourced from the Maritime Provinces or Maine. Cash
deposits in an amount equal to the duties are required for all shipments
of Canadian softwood lumber entering the United States after that date.
U.S. officials met with officials of British Columbia and the Canadian
Government in late August to discuss forestry reform and how one might
evaluate future provincial forestry reform in the context of the U.S.
countervailing duty law.

## [[Japan Deems U.S. Wood Products Standards System Equivalent]{.underline}]{.smallcaps}

The Japanese Ministry of Agriculture, Forestry and Fisheries MAFF has
recognized the grading systems of certain wood products-related
organizations in the United States as equivalent to those of the
Japanese Agricultural Standards (JAS) grading system. Recognition allows
U.S. grading and testing organizations to apply to function as
Registered Foreign Grading Organizations/Registered Foreign
Certification Organizations. In July 1999, the JAS Law was amended
(effective June 2000) to allow foreign grading/quality control
organizations to function as JAS‑registered foreign grading
organizations and/or JAS‑registered foreign certification organizations,
putting them on equal footing with their Japanese counterparts. This
system will replace the current system of Foreign Testing Organizations
(FTOs). There are currently five U.S. FTOs and 63 U.S. JAS-certified
wood product manufacturers. Canada and Australia are the only other
countries to date to have been recognized as having equivalent standards
systems for wood products.

## [[APA and TECO Recognized As RFCOs in Japan]{.underline}]{.smallcaps} 

On May 10, 2002, the Japanese Ministry of Agriculture, Forestry and
Fisheries (MAFF) announced the recognition of APA -- The Engineered Wood
Association (APA) and TECO as Registered Foreign Certification
Organizations (RFCO) under the Japanese Agricultural Standards (JAS)
Law. The two organizations can now begin certifying production of member
mills as meeting the requirements of the JAS Law. This announcement
follows the March 6, 2002, decision by MAFF to recognize the wood
products grading system of the United States as being equivalent to that
of JAS. Recognition was a prerequisite for U.S. certification
organizations such as APA and TECO to apply to function as RFCOs.

## [[Malaysian Government Bans Logs From Indonesia]{.underline}]{.smallcaps}

On June 25, 2002, the Malaysian Government announced a total ban on the
importation of logs from Indonesia. In October 2001, the Indonesian
Government banned the export of logs in an attempt to reduce the
country's problem of illegal logging. Based on data from importing
countries, Indonesia's log exports were valued at \$26 million during
January - March 2002, of which \$10 million was exported to Malaysia.
The Malaysian Government's action was taken to allay fears that its wood
supply was originating from illegally harvested timber and to protect
the integrity of its national timber certification scheme.

## [[APHIS Releases Additional Shipment of Brazilian Mahogany]{.underline}]{.smallcaps}

On August 13, 2002, USDA/Animal and Plant Health Inspection Service
(APHIS) released an additional shipment of bigleaf mahogany after
receiving verification from the Brazilian Government that it had been
legally acquired. Ten shipments (and two partial shipments) of mahogany
from Brazil have now been released for importation, and allowed entry
into the United States. Twenty-one shipments (and two partial shipments)
are still being held pending a decision that the shipments were exported
in compliance with the Convention on International Trade in Endangered
Species (CITES). Six countries (Costa Rica, Bolivia, Brazil, Mexico,
Peru, and Colombia) have listed their populations of bigleaf mahogany on
Appendix III of CITES, and are required to issue export permits for any
shipments of mahogany, certifying that the wood was legally acquired.
Several importers have gone to court requesting the release of
additional shipments. In 2001, U.S. imports of Brazilian mahogany lumber
were valued at \$38 million.

## [[APHIS to Publish EIS for the Importation of Wood Packaging Material]{.underline}]{.smallcaps}

On August 14, 2002, USDA/APHIS announced in the *Federal Register* that
it intends to prepare an environmental impact statement (EIS) in
connection with regulations under consideration by APHIS to decrease the
likelihood of wood packaging material serving as a pathway for the
introduction of exotic pests into the United States. APHIS is soliciting
comments to assist them in identifying and/or confirming potential
alternatives and environmental issues that should be examined in the
EIS. Comments are due by September 13, 2002. The alternatives currently
under consideration range from no action to requiring the use of
alternative materials. It is expected that a proposed rule could be
forthcoming before the end of the year. In 2001, the United States
imported more than \$1.4 trillion worth of goods, much of which was
transported on wooden pallets or in wooden containers.

## [[Mexico Announces Safeguard Investigation on Plywood]{.underline}]{.smallcaps} 

On August 15, 2002, the Mexican Secretariat of Economy (SE) announced in
the Diario Oficial that it was initiating a safeguard investigation of
imported plywood in response to a petition filed by the Association of
Manufacturers of Wood Panels (ANAFATA). The target of the investigation
will be imports from Mexico's four largest suppliers, the United States,
Indonesia, Malaysia, and Chile. Together, they accounted for over 80
percent of imports in 2000, the period of investigation. Plywood imports
totaled \$187.5 million in 2000. The August 15 announcement did not
include the imposition of provisional duties.

**World Cotton Supply, Use, and Trade**

**1997/98 - 2002/03 (Season Beginning August 1)**

**In 1,000 480 Lb. Bales**

**2001/02 Percent 2002/03**

**1997/98 1998/99 1999/00 2000/01 Estimate change Forecast**

**Production**

World 91,900 85,270 87,463 88,744 98,063 -9.7% 88,568

China 21,100 20,700 17,600 20,300 24,400 -16.0% 20,500

United States 18,793 13,918 16,968 17,188 20,303 -10.7% 18,134

India 12,337 12,883 12,180 10,931 12,300 -13.0% 10,700

Pakistan 7,175 6,300 8,600 8,200 8,300 -1.2% 8,200

Uzbekistan 5,228 4,600 5,180 4,400 4,900 2.0% 5,000

Turkey 3,651 3,860 3,634 3,600 3,900 2.6% 4,000

Brazil 1,890 2,391 3,216 4,312 3,300 12.1% 3,700

Other 21,726 20,618 20,085 19,813 20,660 -11.3% 18,334

**Use**

World 87,138 84,689 91,045 92,012 94,402 2.4% 96,708

China 19,150 18,700 21,300 23,250 25,500 2.9% 26,250

India 12,675 12,620 13,547 13,544 13,275 2.4% 13,600

Pakistan 7,187 7,000 7,650 8,100 8,500 3.5% 8,800

United States 11,349 10,401 10,194 8,862 7,722 2.3% 7,900

Turkey 5,000 4,600 5,600 5,167 6,150 4.1% 6,400

Brazil 3,626 3,774 4,236 4,200 4,100 0.0% 4,100

Indonesia 1,850 2,200 2,000 2,450 2,350 2.1% 2,400

Other 26,301 25,394 26,518 26,439 26,805 1.7% 27,258

**Imports**

World 26,256 24,955 28,503 26,699 29,445 4.9% 30,895

Turkey 1,450 1,139 2,400 1,750 2,800 -14.3% 2,400

Indonesia 1,910 2,323 2,076 2,650 2,500 -4.0% 2,400

India 145 508 1,600 1,567 1,750 25.7% 2,200

China 1,834 359 117 241 449 345.4% 2,000

Mexico 1,371 1,422 1,813 1,865 1,900 0.0% 1,900

Russia 1,225 850 1,600 1,650 1,850 -2.7% 1,800

Thailand 1,236 1,211 1,706 1,584 1,950 -7.7% 1,800

Other 17,085 17,143 17,191 15,392 16,246 0.9% 16,395

**Exports**

World 26,728 23,659 27,293 26,587 29,075 5.3% 30,603

United States 7,500 4,298 6,750 6,740 11,000 1.8% 11,200

Uzbekistan 4,570 3,812 4,100 3,400 3,400 8.8% 3,700

Australia 2,712 3,040 3,209 3,904 3,051 -8.2% 2,800

Greece 1,000 964 1,080 1,424 1,000 35.0% 1,350

Mali 825 950 900 575 925 -2.7% 900

China 34 681 1,692 448 342 119.3% 750

Egypt 322 450 425 375 410 82.9% 750

Benin 645 600 650 625 650 15.4% 750

Other 9,120 8,864 8,487 9,096 8,297 1.3% 8,403

**Ending Stocks**

World 45,525 47,791 45,296 42,705 46,845 -16.4% 39,158

China 21,355 23,033 17,758 14,601 13,608 -33.1% 9,108

United States 3,887 3,939 3,915 6,001 7,600 -11.8% 6,700

India 4,174 4,750 4,913 3,773 4,488 -16.7% 3,738

Pakistan 1,521 1,711 2,696 2,646 3,361 -6.7% 3,136

Brazil 1,713 1,741 2,393 2,968 1,947 30.8% 2,547

Australia 1,808 2,085 2,309 2,095 2,259 -25.5% 1,684

Turkey 558 593 827 882 1,307 -9.6% 1,182

Other 10,509 9,939 10,485 9,739 12,275 -9.9% 11,063

  ------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -- ---------------------- --------------------- -- --
  **WORLD WHEAT, FLOUR, AND                                                                                                                                                                       
  PRODUCTS TRADE**                                                                                                                                                                                

  **JULY/JUNE YEAR**                                                                                                                                                                              

  **THOUSAND METRIC TONS**                                                                                                                                                                        

                                                                                                                                                                                                  

                            **1998/99**            **1999/00**            **2000/01**            **2001/02**            **2001/02**               **2002/03**            **2002/03**              

                                                                                                 **12-Sep**             **11-Oct**                **12-Sep**             **11-Oct**               

  **EXPORTS**                                                                                                                                                                                     

  Argentina                 9,199                  11,083                 11,396                 11,477                 11,477                    9,000                  9,000                    

  [Australia]{.underline}   [16,104]{.underline}   [17,124]{.underline}   [16,682]{.underline}   [16,494]{.underline}   [16,494]{.underline}      [10,000]{.underline}   [8,000]{.underline}      

  Canada                    14,394                 19,373                 17,351                 16,758                 16,758                    9,500                  9,000                    

  [India]{.underline}       [0]{.underline}        [200]{.underline}      [2,357]{.underline}    [3,000]{.underline}    [3,000]{.underline}       [5,000]{.underline}    [6,000]{.underline}      

  Kazakhstan                2,295                  6,514                  3,668                  3,780                  3,780                     5,000                  5,000                    

  [Russia]{.underline}      [1,652]{.underline}    [518]{.underline}      [696]{.underline}      [3,700]{.underline}    [4,372]{.underline}       [4,500]{.underline}    [5,500]{.underline}      

  Turkey                    2,803                  1,984                  1,601                  500                    548                       1,000                  1,000                    

  [Ukraine]{.underline}     [4,696]{.underline}    [1,952]{.underline}    [78]{.underline}       [5,486]{.underline}    [5,486]{.underline}       [6,000]{.underline}    [6,000]{.underline}      

  EU                        14,589                 17,432                 15,225                 10,000                 10,500                    15,000                 15,500                   

  [Eastern                  [4,130]{.underline}    [3,384]{.underline}    [2,316]{.underline}    [4,150]{.underline}    [4,006]{.underline}       [2,770]{.underline}    [2,820]{.underline}      
  Europe]{.underline}                                                                                                                                                                             

  Others                    3,133                  3,763                  4,265                  5,892                  6,004                     5,960                  6,220                    

                                                                                                                                                                                                  

  Subtotal                  72,995                 83,327                 75,635                 81,237                 82,425                    73,730                 74,040                   

                                                                                                                                                                                                  

  United States             29,028                 29,449                 27,845                 26,139                 26,139                    26,000                 26,000                   

                                                                                                                                                                                                  

  WORLD TOTAL               102,023                112,776                103,480                107,376                108,564                   99,730                 100,040                  

                                                                                                                                                                                                  
  ------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -- ---------------------- --------------------- -- --

  --------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ------
  **IMPORTS**                                                                                                                                                                                  

  [Algeria]{.underline}       [4,250]{.underline}    [4,750]{.underline}    [5,600]{.underline}    [4,000]{.underline}    [4,000]{.underline}    [4,500]{.underline}    [4,500]{.underline}    

  Bangladesh                  2,032                  1,624                  1,293                  900                    900                    1,000                  1,000                  

  [Bolivia]{.underline}       [480]{.underline}      [458]{.underline}      [485]{.underline}      [500]{.underline}      [500]{.underline}      [500]{.underline}      [500]{.underline}      

  Brazil                      7,422                  7,340                  7,518                  7,000                  7,000                  6,000                  6,500                  

  [Chile]{.underline}         [722]{.underline}      [732]{.underline}      [438]{.underline}      [450]{.underline}      [450]{.underline}      [500]{.underline}      [500]{.underline}      

  China                       829                    1,010                  195                    1,300                  1,100                  1,000                  1,000                  

  [Colombia]{.underline}      [1,108]{.underline}    [1,135]{.underline}    [1,164]{.underline}    [1,200]{.underline}    [1,200]{.underline}    [1,100]{.underline}    [1,100]{.underline}    

  Cuba                        977                    1,119                  963                    1,100                  1,100                  1,000                  1,000                  

  [Ecuador]{.underline}       [410]{.underline}      [485]{.underline}      [490]{.underline}      [450]{.underline}      [450]{.underline}      [500]{.underline}      [500]{.underline}      

  Egypt                       7,454                  5,872                  6,050                  7,000                  7,000                  6,000                  6,000                  

  [Ethiopia]{.underline}      [466]{.underline}      [1,082]{.underline}    [888]{.underline}      [400]{.underline}      [400]{.underline}      [400]{.underline}      [400]{.underline}      

  India                       1,294                  1,311                  45                     100                    50                     100                    50                     

  [Indonesia]{.underline}     [3,117]{.underline}    [3,744]{.underline}    [4,069]{.underline}    [4,000]{.underline}    [4,000]{.underline}    [4,000]{.underline}    [4,000]{.underline}    

  Iran                        2,585                  7,363                  6,245                  6,000                  6,000                  3,000                  3,000                  

  [Iraq]{.underline}          [2,028]{.underline}    [2,650]{.underline}    [3,300]{.underline}    [3,000]{.underline}    [3,000]{.underline}    [3,000]{.underline}    [3,000]{.underline}    

  Israel                      1,517                  1,611                  1,250                  1,500                  1,500                  1,500                  1,500                  

  [Japan]{.underline}         [5,959]{.underline}    [5,960]{.underline}    [5,885]{.underline}    [5,836]{.underline}    [5,836]{.underline}    [5,800]{.underline}    [5,800]{.underline}    

  Jordan                      344                    741                    650                    800                    800                    800                    800                    

  [Kenya]{.underline}         [423]{.underline}      [683]{.underline}      [806]{.underline}      [600]{.underline}      [500]{.underline}      [650]{.underline}      [650]{.underline}      

  Korea, North                703                    334                    300                    300                    300                    400                    400                    

  [Korea, South]{.underline}  [4,689]{.underline}    [3,811]{.underline}    [3,127]{.underline}    [3,979]{.underline}    [3,979]{.underline}    [3,800]{.underline}    [3,800]{.underline}    

  Libya                       1,236                  1,582                  1,400                  1,400                  1,400                  1,400                  1,400                  

  [Malaysia]{.underline}      [1,263]{.underline}    [1,278]{.underline}    [1,265]{.underline}    [1,300]{.underline}    [1,300]{.underline}    [1,350]{.underline}    [1,350]{.underline}    

  Mexico                      2,485                  2,632                  3,066                  3,200                  3,200                  3,300                  3,300                  

  [Morocco]{.underline}       [2,795]{.underline}    [3,094]{.underline}    [3,632]{.underline}    [3,000]{.underline}    [3,000]{.underline}    [2,800]{.underline}    [2,800]{.underline}    

  Nigeria                     1,466                  1,282                  1,913                  2,300                  2,500                  2,500                  2,500                  

  [Pakistan]{.underline}      [3,130]{.underline}    [1,766]{.underline}    [50]{.underline}       [350]{.underline}      [350]{.underline}      [500]{.underline}      [500]{.underline}      

  Peru                        1,346                  1,215                  1,451                  1,500                  1,500                  1,500                  1,500                  

  [Philippines]{.underline}   [2,328]{.underline}    [2,982]{.underline}    [3,050]{.underline}    [3,000]{.underline}    [3,000]{.underline}    [3,500]{.underline}    [3,500]{.underline}    

  Russia                      2,490                  5,083                  1,604                  500                    550                    500                    500                    

  [South Africa]{.underline}  [567]{.underline}      [806]{.underline}      [550]{.underline}      [500]{.underline}      [500]{.underline}      [500]{.underline}      [500]{.underline}      

  Sri Lanka                   867                    834                    779                    850                    850                    850                    850                    

  [Sudan]{.underline}         [615]{.underline}      [792]{.underline}      [920]{.underline}      [900]{.underline}      [900]{.underline}      [900]{.underline}      [900]{.underline}      

  Taiwan                      1,011                  1,138                  1,033                  1,000                  1,000                  1,000                  1,000                  

  [Thailand]{.underline}      [830]{.underline}      [809]{.underline}      [941]{.underline}      [900]{.underline}      [950]{.underline}      [950]{.underline}      [950]{.underline}      

  Tunisia                     1,084                  1,186                  1,595                  1,400                  1,400                  1,800                  1,800                  

  [Turkey]{.underline}        [1,862]{.underline}    [1,462]{.underline}    [446]{.underline}      [1,000]{.underline}    [1,000]{.underline}    [500]{.underline}      [500]{.underline}      

  UAE                         788                    1,386                  1,100                  1,100                  1,100                  1,300                  1,300                  

  [Uzbekistan]{.underline}    [380]{.underline}      [550]{.underline}      [550]{.underline}      [500]{.underline}      [500]{.underline}      [300]{.underline}      [300]{.underline}      

  Venezuela                   1,300                  1,386                  1,394                  1,400                  1,400                  1,400                  1,400                  

  [Vietnam]{.underline}       [604]{.underline}      [550]{.underline}      [650]{.underline}      [900]{.underline}      [950]{.underline}      [1,000]{.underline}    [1,000]{.underline}    

  Yemen                       2,066                  2,002                  2,117                  1,800                  1,800                  1,800                  1,800                  

  [EU]{.underline}            [3,761]{.underline}    [4,176]{.underline}    [3,159]{.underline}    [9,000]{.underline}    [9,500]{.underline}    [5,000]{.underline}    [5,000]{.underline}    

  O.W. Europe                 576                    730                    523                    610                    610                    560                    560                    

  [Eastern                    [2,060]{.underline}    [1,620]{.underline}    [2,732]{.underline}    [1,670]{.underline}    [1,720]{.underline}    [2,370]{.underline}    [2,195]{.underline}    
  Europe]{.underline}                                                                                                                                                                          

  United States               2,842                  2,503                  2,417                  2,850                  2,850                  2,200                  2,000                  

                                                                                                                                                                                               

  [Subtotal]{.underline}      [88,561]{.underline}   [96,659]{.underline}   [89,098]{.underline}   [93,345]{.underline}   [93,895]{.underline}   [85,330]{.underline}   [85,405]{.underline}   

                                                                                                                                                                                               

  Other Countries             11,102                 13,219                 12,436                 13,728                 13,778                 13,068                 13,293                 

  Unaccounted                 2,360                  2,898                  1,946                  303                    891                    1,332                  1,342                  

                                                                                                                                                                                               

  WORLD TOTAL                 102,023                112,776                103,480                107,376                108,564                99,730                 100,040                

                                                                                                                                                                                               

                                                                                                                                                                                               

                                                                                                                                                                                               
  --------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ------

  ------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ---
  **WORLD WHEAT PRODUCTION,                                                                                                                                                                         
  CONSUMPTION, AND STOCKS**                                                                                                                                                                         

  **LOCAL MARKETING YEARS**                                                                                                                                                                         

                                                                                                                                                                                                    

                                                                                                                                                                                                    

                            **1998/99**             **1999/00**             **2000/01**             **2001/02**             **2001/02**             **2002/03**             **2002/03**             

                                                                                                    **12-Sep**              **11-Oct**              **12-Sep**              **11-Oct**              

  **PRODUCTION**                                                                                                                                                                                    

  Algeria                   2,200                   1,470                   760                     2,010                   2,010                   1,400                   1,400                   

  [Argentina]{.underline}   [13,300]{.underline}    [16,400]{.underline}    [16,230]{.underline}    [15,500]{.underline}    [15,500]{.underline}    [14,000]{.underline}    [14,000]{.underline}    

  Australia                 21,465                  24,757                  23,766                  24,000                  24,000                  15,000                  13,000                  

  [Brazil]{.underline}      [2,188]{.underline}     [2,403]{.underline}     [1,660]{.underline}     [3,250]{.underline}     [3,250]{.underline}     [3,700]{.underline}     [3,300]{.underline}     

  Canada                    24,076                  26,900                  26,804                  20,568                  20,568                  15,400                  15,500                  

  [China]{.underline}       [109,726]{.underline}   [113,880]{.underline}   [99,640]{.underline}    [93,870]{.underline}    [93,870]{.underline}    [92,000]{.underline}    [92,000]{.underline}    

  India                     66,350                  70,780                  76,369                  68,763                  68,763                  72,000                  72,000                  

  [Iran]{.underline}        [12,000]{.underline}    [8,500]{.underline}     [7,500]{.underline}     [7,500]{.underline}     [7,500]{.underline}     [10,500]{.underline}    [10,500]{.underline}    

  Kazakhstan                4,700                   11,200                  9,100                   12,700                  12,700                  12,000                  12,000                  

  [Mexico]{.underline}      [3,235]{.underline}     [3,050]{.underline}     [3,400]{.underline}     [3,270]{.underline}     [3,270]{.underline}     [3,150]{.underline}     [3,150]{.underline}     

  Morocco                   4,378                   2,154                   1,381                   3,316                   3,316                   3,300                   3,300                   

  [Pakistan]{.underline}    [18,694]{.underline}    [17,854]{.underline}    [21,079]{.underline}    [19,023]{.underline}    [19,023]{.underline}    [19,500]{.underline}    [19,500]{.underline}    

  Russia                    27,000                  31,000                  34,450                  46,900                  46,900                  48,000                  49,000                  

  [Tunisia]{.underline}     [1,353]{.underline}     [1,393]{.underline}     [1,320]{.underline}     [1,120]{.underline}     [1,120]{.underline}     [430]{.underline}       [430]{.underline}       

  Turkey                    18,000                  16,500                  18,000                  15,500                  15,500                  18,500                  18,500                  

  [Ukraine]{.underline}     [14,937]{.underline}    [13,585]{.underline}    [10,197]{.underline}    [21,300]{.underline}    [21,300]{.underline}    [21,000]{.underline}    [21,000]{.underline}    

  EU                        103,085                 96,392                  104,784                 91,725                  91,725                  104,400                 104,000                 

  [Eastern                  [33,928]{.underline}    [28,195]{.underline}    [28,616]{.underline}    [35,243]{.underline}    [35,093]{.underline}    [30,397]{.underline}    [30,997]{.underline}    
  Europe]{.underline}                                                                                                                                                                               

  Others                    39,762                  37,183                  37,774                  40,013                  39,973                  41,985                  41,979                  

  [Subtotal]{.underline}    [520,377]{.underline}   [523,596]{.underline}   [522,830]{.underline}   [525,571]{.underline}   [525,381]{.underline}   [526,662]{.underline}   [525,556]{.underline}   

                                                                                                                                                                                                    

                                                                                                                                                                                                    

  United States             69,327                  62,569                  60,758                  53,278                  53,262                  45,894                  44,215                  

                                                                                                                                                                                                    

  WORLD TOTAL               589,704                 586,165                 583,588                 578,849                 578,643                 572,556                 569,771                 

                                                                                                                                                                                                    
  ------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ---

  ------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------
  **CONSUMPTION**                                                                                                                                                                                   

  Algeria                   6,150                   6,100                   6,150                   6,100                   6,100                   6,100                   6,100                   

  [Australia]{.underline}   [4,530]{.underline}     [5,227]{.underline}     [6,894]{.underline}     [7,000]{.underline}     [7,025]{.underline}     [7,130]{.underline}     [7,180]{.underline}     

  Brazil                    8,960                   9,532                   9,499                   10,050                  10,050                  9,800                   9,900                   

  [Canada]{.underline}      [8,077]{.underline}     [7,661]{.underline}     [7,728]{.underline}     [7,398]{.underline}     [7,538]{.underline}     [8,050]{.underline}     [8,050]{.underline}     

  China                     112,001                 113,125                 114,097                 112,600                 112,600                 110,000                 110,000                 

  [Egypt]{.underline}       [12,958]{.underline}    [12,750]{.underline}    [12,486]{.underline}    [12,750]{.underline}    [12,750]{.underline}    [12,600]{.underline}    [12,600]{.underline}    

  India                     63,707                  68,793                  66,821                  60,363                  61,295                  63,100                  64,050                  

  [Iran]{.underline}        [15,400]{.underline}    [15,700]{.underline}    [15,200]{.underline}    [15,000]{.underline}    [15,000]{.underline}    [14,500]{.underline}    [14,500]{.underline}    

  Japan                     6,112                   5,909                   5,824                   6,006                   5,991                   6,090                   6,090                   

  [Morocco]{.underline}     [5,628]{.underline}     [5,878]{.underline}     [5,965]{.underline}     [6,000]{.underline}     [6,000]{.underline}     [6,100]{.underline}     [6,100]{.underline}     

  Pakistan                  21,284                  20,452                  20,500                  19,800                  19,800                  19,750                  19,750                  

  [Russia]{.underline}      [34,838]{.underline}    [35,365]{.underline}    [35,158]{.underline}    [38,000]{.underline}    [38,078]{.underline}    [41,500]{.underline}    [41,500]{.underline}    

  Turkey                    16,886                  16,777                  16,700                  16,617                  16,501                  17,000                  17,000                  

  [Ukraine]{.underline}     [12,419]{.underline}    [12,186]{.underline}    [12,155]{.underline}    [12,669]{.underline}    [12,644]{.underline}    [13,600]{.underline}    [13,600]{.underline}    

  EU                        88,135                  87,154                  91,983                  91,933                  91,933                  96,597                  95,697                  

  [Eastern                  [31,898]{.underline}    [29,631]{.underline}    [28,730]{.underline}    [31,179]{.underline}    [31,179]{.underline}    [30,705]{.underline}    [31,155]{.underline}    
  Europe]{.underline}                                                                                                                                                                               

  Others                    96,339                  101,434                 97,920                  99,763                  100,711                 103,697                 103,151                 

  [Subtotal]{.underline}    [545,322]{.underline}   [553,674]{.underline}   [553,810]{.underline}   [553,228]{.underline}   [555,195]{.underline}   [566,319]{.underline}   [566,423]{.underline}   

                                                                                                                                                                                                    

  United States             37,579                  35,407                  36,301                  32,880                  32,722                  32,278                  31,733                  

                                                                                                                                                                                                    

  WORLD TOTAL               582,901                 589,081                 590,111                 586,108                 587,917                 598,597                 598,156                 

                                                                                                                                                                                                    
  ------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- -------

  ---------------------- --------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -------
  **ENDING STOCKS**                                                                                                                                                                      

  Australia              1,868                 3,613                  4,629                  5,179                  5,179                  3,099                  3,099                  

  [Canada]{.underline}   [7,435]{.underline}   [7,699]{.underline}    [9,658]{.underline}    6,488                  [6,488]{.underline}    [4,638]{.underline}    [5,238]{.underline}    

  China                  70,135                71,358                 56,473                 37,531                 37,331                 19,531                 19,331                 

  [India]{.underline}    [9,921]{.underline}   [13,080]{.underline}   [21,500]{.underline}   [27,000]{.underline}   [26,000]{.underline}   [31,000]{.underline}   [28,000]{.underline}   

  Russia                 1,000                 1,200                  1,400                  7,100                  6,400                  9,600                  8,900                  

  Ukraine                1,900                 1,800                  450                    3,695                  3,695                  5,195                  5,195                  

  EU                     16,667                12,649                 13,384                 12,176                 12,176                 9,979                  9,979                  

  Others                 43,606                38,113                 37,497                 41,311                 41,144                 41,323                 41,346                 

  Subtotal               152,532               149,512                144,991                140,480                138,413                124,365                121,088                

                                                                                                                                                                                         

  United States          25,744                25,848                 23,846                 21,008                 21,150                 11,082                 10,090                 

                                                                                                                                                                                         

  WORLD TOTAL            178,276               175,360                168,837                161,488                159,563                135,447                131,178                

                                                                                                                                                                                         

                                                                                                                                                                                         
  ---------------------- --------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -------

  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -----
  **REGIONAL WHEAT                                                                                                                                                                    
  IMPORTS,                                                                                                                                                                            
  PRODUCTION,                                                                                                                                                                         
  CONSUMPTION, AND                                                                                                                                                                    
  STOCKS**                                                                                                                                                                            

  **THOUSAND METRIC                                                                                                                                                                   
  TONS**                                                                                                                                                                              

                                                                                                                                                                                      

                                                                                                                                                                                      

                     **1998/99**            **1999/00**            **2000/01**            **2001/02**            **2001/02**            **2002/03**            **2002/03**            

                                                                                          **12-Sep**             **11-Oct**             **12-Sep**             **11-Oct**             

  **IMPORTS**                                                                                                                                                                         

  North America 1/   5,479                  5,325                  5,682                  6,350                  6,350                  5,800                  5,600                  

  [Latin America     [16,089]{.underline}   [16,252]{.underline}   [16,316]{.underline}   [16,405]{.underline}   [16,355]{.underline}   [15,090]{.underline}   [15,590]{.underline}   
  2/]{.underline}                                                                                                                                                                     

  EU                 3,761                  4,176                  3,159                  9,000                  9,500                  5,000                  5,000                  

  [Other West. Eur.  [576]{.underline}      [730]{.underline}      [523]{.underline}      [610]{.underline}      [610]{.underline}      [560]{.underline}      [560]{.underline}      
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      5,457                  9,804                  5,116                  3,890                  3,765                  3,405                  3,405                  
  Union                                                                                                                                                                               

  [Eastern Europe    [2,060]{.underline}    [1,620]{.underline}    [2,732]{.underline}    [1,670]{.underline}    [1,720]{.underline}    [2,370]{.underline}    [2,195]{.underline}    
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     12,223                 18,433                 16,068                 16,435                 16,535                 12,950                 12,975                 

  [North Africa      [16,819]{.underline}   [16,484]{.underline}   [18,277]{.underline}   [16,800]{.underline}   [16,800]{.underline}   [16,500]{.underline}   [16,500]{.underline}   
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    6,890                  7,780                  8,794                  8,383                  8,533                  8,733                  8,783                  

  [South Asia        [7,390]{.underline}    [5,889]{.underline}    [2,751]{.underline}    [3,210]{.underline}    [3,160]{.underline}    [3,460]{.underline}    [3,410]{.underline}    
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      22,476                 22,854                 21,569                 23,665                 23,665                 23,950                 24,050                 

  [Oceania           [443]{.underline}      [531]{.underline}      [547]{.underline}      [655]{.underline}      [680]{.underline}      [580]{.underline}      [630]{.underline}      
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      
  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -----

  ------------------ ---------------------- ---------------------- ----------------------- ---------------------- ---------------------- ---------------------- ---------------------- -------
  **PRODUCTION**                                                                                                                                                                       

  North America 1/   96,638                 92,519                 90,962                  77,116                 77,100                 64,444                 62,865                 

  [Latin America     [17,834]{.underline}   [21,195]{.underline}   [20,494]{.underline}    [21,107]{.underline}   [21,107]{.underline}   [20,319]{.underline}   [19,919]{.underline}   
  2/]{.underline}                                                                                                                                                                      

  EU                 103,085                96,392                 104,784                 91,725                 91,725                 104,400                104,000                

  [Other West. Eur.  [963]{.underline}      [901]{.underline}      [905]{.underline}       [905]{.underline}      [905]{.underline}      [905]{.underline}      [905]{.underline}      
  3/]{.underline}                                                                                                                                                                      

  Former Soviet      57,561                 66,060                 64,756                  92,867                 92,913                 94,805                 95,805                 
  Union                                                                                                                                                                                

  [Eastern Europe    [33,928]{.underline}   [28,195]{.underline}   [28,616]{.underline}    [35,243]{.underline}   [35,093]{.underline}   [30,397]{.underline}   [30,997]{.underline}   
  4/]{.underline}                                                                                                                                                                      

  Middle East 5/     37,577                 30,437                 31,089                  30,510                 30,519                 36,330                 36,719                 

  [North Africa      [14,195]{.underline}   [11,527]{.underline}   [9,936]{.underline}     [12,701]{.underline}   [12,701]{.underline}   [11,505]{.underline}   [11,405]{.underline}   
  6/]{.underline}                                                                                                                                                                      

  Other Africa 7/    4,771                  4,716                  5,615                   5,871                  5,776                  5,583                  5,288                  

  [South Asia        [90,731]{.underline}   [94,172]{.underline}   [101,660]{.underline}   [91,606]{.underline}   [91,606]{.underline}   [95,420]{.underline}   [95,420]{.underline}   
  8/]{.underline}                                                                                                                                                                      

  Other Asia 9/      110,681                115,019                100,730                 94,923                 94,923                 93,173                 93,173                 

  [Oceania           [21,740]{.underline}   [25,032]{.underline}   [24,041]{.underline}    [24,275]{.underline}   [24,275]{.underline}   [15,275]{.underline}   [13,275]{.underline}   
  10/]{.underline}                                                                                                                                                                     

                                                                                                                                                                                       
  ------------------ ---------------------- ---------------------- ----------------------- ---------------------- ---------------------- ---------------------- ---------------------- -------

  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -------
  **CONSUMPTION**                                                                                                                                                                     

  North America 1/   51,065                 49,609                 49,609                 46,148                 46,107                 46,228                 45,683                 

  [Latin America     [24,532]{.underline}   [25,533]{.underline}   [25,626]{.underline}   [26,459]{.underline}   [26,409]{.underline}   [25,847]{.underline}   [25,947]{.underline}   
  2/]{.underline}                                                                                                                                                                     

  EU                 88,135                 87,154                 91,983                 91,933                 91,933                 96,597                 95,697                 

  [Other West. Eur.  [1,539]{.underline}    [1,631]{.underline}    [1,438]{.underline}    [1,515]{.underline}    [1,515]{.underline}    [1,465]{.underline}    [1,465]{.underline}    
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      65,589                 66,598                 65,370                 70,301                 70,300                 76,615                 76,565                 
  Union                                                                                                                                                                               

  [Eastern Europe    [31,898]{.underline}   [29,631]{.underline}   [28,730]{.underline}   [31,179]{.underline}   [31,179]{.underline}   [30,705]{.underline}   [31,155]{.underline}   
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     46,689                 47,325                 46,636                 46,487                 46,480                 46,640                 46,754                 

  [North Africa      [28,392]{.underline}   [28,970]{.underline}   [28,626]{.underline}   [28,875]{.underline}   [28,875]{.underline}   [28,675]{.underline}   [28,675]{.underline}   
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    11,645                 12,592                 14,095                 13,939                 13,994                 14,191                 13,846                 

  [South Asia        [93,648]{.underline}   [97,395]{.underline}   [94,089]{.underline}   [86,993]{.underline}   [87,925]{.underline}   [88,630]{.underline}   [89,580]{.underline}   
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      133,159                134,166                135,221                135,188                135,296                133,705                133,830                

  [Oceania           [5,177]{.underline}    [5,965]{.underline}    [7,627]{.underline}    [7,770]{.underline}    [7,781]{.underline}    [7,925]{.underline}    [7,975]{.underline}    
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      
  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -------

+-------+------+-------+-------+-------+-------+-------+-------+-------+
| **E   |      |       |       |       |       |       |       |       |
| NDING |      |       |       |       |       |       |       |       |
| STO   |      |       |       |       |       |       |       |       |
| CKS** |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| North | 33   | 3     | 3     | 2     | 2     | 1     | 1     |       |
| Am    | ,879 | 4,147 | 4,285 | 8,377 | 8,494 | 6,651 | 6,184 |       |
| erica |      |       |       |       |       |       |       |       |
| 1/    |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| [     | [2,  | [2,8  | [2,3  | [2,4  | [2,4  | [2,4  | [2,4  |       |
| Latin | 500] | 95]{. | 49]{. | 17]{. | 17]{. | 94]{. | 94]{. |       |
| Am    | {.un | under | under | under | under | under | under |       |
| erica | derl | line} | line} | line} | line} | line} | line} |       |
| 2/]{. | ine} |       |       |       |       |       |       |       |
| under |      |       |       |       |       |       |       |       |
| line} |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| EU    | 16   | 1     | 1     | 1     | 1     | 9,979 | 9,979 |       |
|       | ,667 | 2,649 | 3,384 | 2,176 | 2,176 |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| [     | > [  | [4    | [4    | [4    | [4    | [4    | [4    |       |
| Other | 475] | 75]{. | 75]{. | 75]{. | 75]{. | 75]{. | 75]{. |       |
| West. | {.un | under | under | under | under | under | under |       |
| Eur.  | derl | line} | line} | line} | line} | line} | line} |       |
| 3/]{. | ine} |       |       |       |       |       |       |       |
| under |      |       |       |       |       |       |       |       |
| line} |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| F     | 6    | 6,362 | 6,079 | 1     | 1     | 2     | 2     |       |
| ormer | ,512 |       |       | 9,249 | 8,499 | 5,024 | 4,324 |       |
| S     |      |       |       |       |       |       |       |       |
| oviet |      |       |       |       |       |       |       |       |
| Union |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| [Ea   | [7,  | [4,4  | [4,7  | [6,3  | [6,3  | [5,6  | [5,5  |       |
| stern | 671] | 54]{. | 36]{. | 50]{. | 44]{. | 42]{. | 61]{. |       |
| E     | {.un | under | under | under | under | under | under |       |
| urope | derl | line} | line} | line} | line} | line} | line} |       |
| 4/]{. | ine} |       |       |       |       |       |       |       |
| under |      |       |       |       |       |       |       |       |
| line} |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| M     | 12   | 1     | 9,517 | 8,625 | 8,497 | 8,715 | 8,887 |       |
| iddle | ,522 | 1,088 |       |       |       |       |       |       |
| East  |      |       |       |       |       |       |       |       |
| 5/    |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| [     | [6,  | [5,8  | [5,0  | [5,4  | [5,4  | [4,6  | [4,5  |       |
| North | 941] | 12]{. | 99]{. | 75]{. | 75]{. | 05]{. | 05]{. |       |
| A     | {.un | under | under | under | under | under | under |       |
| frica | derl | line} | line} | line} | line} | line} | line} |       |
| 6/]{. | ine} |       |       |       |       |       |       |       |
| under |      |       |       |       |       |       |       |       |
| line} |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| Other | 1    | 1,060 | 1,109 | 1,149 | 1,149 | 999   | 1,099 |       |
| A     | ,310 |       |       |       |       |       |       |       |
| frica |      |       |       |       |       |       |       |       |
| 7/    |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| [     | [14, | [16,9 | [25,8 | [29,6 | [28,6 | [33,9 | [30,9 |       |
| South | 071] | 32]{. | 28]{. | 51]{. | 51]{. | 01]{. | 01]{. |       |
| Asia  | {.un | under | under | under | under | under | under |       |
| 8/]{. | derl | line} | line} | line} | line} | line} | line} |       |
| under | ine} |       |       |       |       |       |       |       |
| line} |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| Other | 73   | 7     | 6     | 4     | 4     | 2     | 2     |       |
| Asia  | ,760 | 5,773 | 1,247 | 2,165 | 2,007 | 3,663 | 3,470 |       |
| 9/    |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| [Oc   | [1,  | [3,7  | [4,7  | [5,3  | [5,3  | [3,2  | [3,2  |       |
| eania | 968] | 13]{. | 29]{. | 79]{. | 79]{. | 99]{. | 99]{. |       |
| 1     | {.un | under | under | under | under | under | under |       |
| 0/]{. | derl | line} | line} | line} | line} | line} | line} |       |
| under | ine} |       |       |       |       |       |       |       |
| line} |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
|       |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
| N     |      |       |       |       |       |       |       |       |
| OTES: |      |       |       |       |       |       |       |       |
| Foot  |      |       |       |       |       |       |       |       |
| notes |      |       |       |       |       |       |       |       |
| a     |      |       |       |       |       |       |       |       |
| ppear |      |       |       |       |       |       |       |       |
| on    |      |       |       |       |       |       |       |       |
| last  |      |       |       |       |       |       |       |       |
| page  |      |       |       |       |       |       |       |       |
| of    |      |       |       |       |       |       |       |       |
| this  |      |       |       |       |       |       |       |       |
| circ  |      |       |       |       |       |       |       |       |
| ular. |      |       |       |       |       |       |       |       |
| Im    |      |       |       |       |       |       |       |       |
| ports |      |       |       |       |       |       |       |       |
| are   |      |       |       |       |       |       |       |       |
| rep   |      |       |       |       |       |       |       |       |
| orted |      |       |       |       |       |       |       |       |
| on an |      |       |       |       |       |       |       |       |
| int   |      |       |       |       |       |       |       |       |
| ernat |      |       |       |       |       |       |       |       |
| ional |      |       |       |       |       |       |       |       |
| year  |      |       |       |       |       |       |       |       |
| b     |      |       |       |       |       |       |       |       |
| asis. |      |       |       |       |       |       |       |       |
| All   |      |       |       |       |       |       |       |       |
| other |      |       |       |       |       |       |       |       |
| data  |      |       |       |       |       |       |       |       |
| are   |      |       |       |       |       |       |       |       |
| rep   |      |       |       |       |       |       |       |       |
| orted |      |       |       |       |       |       |       |       |
| using |      |       |       |       |       |       |       |       |
| mark  |      |       |       |       |       |       |       |       |
| eting |      |       |       |       |       |       |       |       |
| y     |      |       |       |       |       |       |       |       |
| ears. |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+
|       |      |       |       |       |       |       |       |       |
+-------+------+-------+-------+-------+-------+-------+-------+-------+

  ------------------------- ---------------------- ---------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **WORLD COARSE GRAIN                                                                                                                                                                  
  TRADE**                                                                                                                                                                               

  **OCTOBER/SEPTEMBER                                                                                                                                                                   
  YEAR**                                                                                                                                                                                

  **THOUSAND METRIC TONS**                                                                                                                                                              

                                                                                                                                                                                        

                            **1998/99**            **1999/00**            **2000/01**           **2001/02**           **2001/02**           **2002/03**           **2002/03**           

                                                                                                **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **EXPORTS**                                                                                                                                                                           

  Argentina                 8,500                  9,596                  13,016                9,820                 9,260                 8,520                 8,510                 

  [Australia]{.underline}   [4,859]{.underline}    [3,836]{.underline}    [4,631]{.underline}   [4,750]{.underline}   [4,550]{.underline}   [3,460]{.underline}   [2,760]{.underline}   

  Canada                    3,297                  3,645                  3,560                 2,160                 2,110                 1,875                 1,875                 

  [China]{.underline}       [3,363]{.underline}    [9,954]{.underline}    [7,296]{.underline}   [8,025]{.underline}   [8,525]{.underline}   [9,520]{.underline}   [9,520]{.underline}   

  South Africa              828                    873                    1,458                 1,400                 1,250                 1,740                 1,740                 

  [Russia]{.underline}      [105]{.underline}      [393]{.underline}      [1,032]{.underline}   [2,305]{.underline}   [2,605]{.underline}   [3,005]{.underline}   [3,205]{.underline}   

  Turkey                    798                    184                    157                   500                   500                   700                   700                   

  [EU]{.underline}          [10,765]{.underline}   [13,371]{.underline}   [8,106]{.underline}   [5,205]{.underline}   [5,005]{.underline}   [6,355]{.underline}   [6,030]{.underline}   

  Others                    6,293                  6,081                  9,297                 13,542                13,512                9,680                 9,755                 

  Subtotal                  38,808                 47,933                 48,553                47,707                47,317                44,855                44,095                

                                                                                                                                                                                        

  United States             57,719                 56,557                 55,164                55,139                54,039                57,129                57,129                

                                                                                                                                                                                        

  WORLD TOTAL               96,527                 104,490                103,717               102,846               101,356               101,984               101,224               

                                                                                                                                                                                        

  **IMPORTS**                                                                                                                                                                           

  Algeria                   1,934                  1,957                  1,842                 2,003                 2,003                 2,105                 2,105                 

  [Brazil]{.underline}      [1,081]{.underline}    [2,184]{.underline}    [999]{.underline}     [625]{.underline}     [625]{.underline}     [915]{.underline}     [915]{.underline}     

  Canada                    948                    1,133                  2,889                 3,305                 3,735                 4,585                 4,680                 

  [Chile]{.underline}       [1,343]{.underline}    [1,350]{.underline}    [1,388]{.underline}   [1,430]{.underline}   [1,430]{.underline}   [1,475]{.underline}   [1,475]{.underline}   

  China                     2,584                  2,340                  2,416                 2,257                 2,257                 2,505                 2,505                 

  [Colombia]{.underline}    [1,686]{.underline}    [2,112]{.underline}    [1,993]{.underline}   [2,015]{.underline}   [2,015]{.underline}   [1,940]{.underline}   [1,940]{.underline}   

  Costa Rica                430                    550                    513                   600                   600                   600                   600                   

  [Dominican                [814]{.underline}      [1,000]{.underline}    [968]{.underline}     [1,200]{.underline}   [1,200]{.underline}   [1,000]{.underline}   [1,000]{.underline}   
  Republic]{.underline}                                                                                                                                                                 
  ------------------------- ---------------------- ---------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  Ecuador                   305                   255                   149                   275                   275                   220                   220                   

  [Egypt]{.underline}       [3,687]{.underline}   [4,600]{.underline}   [5,339]{.underline}   [5,250]{.underline}   [4,850]{.underline}   [5,250]{.underline}   [5,250]{.underline}   

  Iran                      1,448                 2,100                 1,751                 1,600                 1,600                 1,500                 1,500                 

  [Israel]{.underline}      [1,135]{.underline}   [1,331]{.underline}   [1,402]{.underline}   [1,150]{.underline}   [1,150]{.underline}   [1,050]{.underline}   [1,050]{.underline}   

  Japan                     20,922                20,414                20,236                20,130                20,030                19,285                19,085                

  [Jordan]{.underline}      [902]{.underline}     [1,162]{.underline}   [803]{.underline}     [950]{.underline}     [900]{.underline}     [950]{.underline}     [650]{.underline}     

  Korea, North              200                   150                   688                   400                   400                   400                   400                   

  [Korea,                   [7,806]{.underline}   [9,280]{.underline}   [8,889]{.underline}   [8,730]{.underline}   [8,730]{.underline}   [8,805]{.underline}   [8,805]{.underline}   
  South]{.underline}                                                                                                                                                                  

  Libya                     339                   475                   396                   500                   500                   500                   500                   

  [Malaysia]{.underline}    [2,384]{.underline}   [2,296]{.underline}   [2,588]{.underline}   [2,400]{.underline}   [2,400]{.underline}   [2,400]{.underline}   [2,400]{.underline}   

  Mexico                    9,091                 9,939                 11,006                9,960                 8,860                 10,850                10,350                

  [Morocco]{.underline}     [1,822]{.underline}   [1,497]{.underline}   [1,473]{.underline}   [1,405]{.underline}   [1,405]{.underline}   [1,405]{.underline}   [1,405]{.underline}   

  Peru                      1,100                 912                   912                   975                   975                   975                   975                   

  [Poland]{.underline}      [499]{.underline}     [756]{.underline}     [824]{.underline}     [275]{.underline}     [275]{.underline}     [300]{.underline}     [350]{.underline}     

  Romania                   161                   150                   463                   100                   100                   125                   125                   

  [Russia]{.underline}      [1,185]{.underline}   [2,048]{.underline}   [563]{.underline}     [1,000]{.underline}   [800]{.underline}     [800]{.underline}     [800]{.underline}     

  Saudi Arabia              7,079                 7,400                 6,189                 6,200                 6,200                 6,500                 6,500                 

  [South                    [408]{.underline}     [491]{.underline}     [146]{.underline}     [1,160]{.underline}   [1,010]{.underline}   [520]{.underline}     [820]{.underline}     
  Africa]{.underline}                                                                                                                                                                 

  Syria                     1,002                 1,325                 1,090                 1,000                 1,000                 700                   900                   

  [Taiwan]{.underline}      [4,798]{.underline}   [5,231]{.underline}   [5,157]{.underline}   [4,940]{.underline}   [4,940]{.underline}   [4,560]{.underline}   [4,560]{.underline}   

  Thailand                  151                   451                   24                    10                    10                    10                    10                    

  [Tunisia]{.underline}     [784]{.underline}     [805]{.underline}     [1,375]{.underline}   [1,450]{.underline}   [1,500]{.underline}   [1,400]{.underline}   [1,350]{.underline}   

  Turkey                    1,027                 1,461                 648                   1,375                 1,375                 805                   805                   

  [Venezuela]{.underline}   [1,463]{.underline}   [1,300]{.underline}   [1,207]{.underline}   [600]{.underline}     [600]{.underline}     [600]{.underline}     [600]{.underline}     

  Zimbabwe                  350                   63                    66                    310                   310                   210                   210                   

  [EU]{.underline}          [3,117]{.underline}   [2,699]{.underline}   [3,104]{.underline}   [4,110]{.underline}   [4,110]{.underline}   [2,665]{.underline}   [2,665]{.underline}   

  O.W. Europe               666                   957                   931                   876                   876                   866                   866                   

  [United                   [2,659]{.underline}   [2,607]{.underline}   [2,672]{.underline}   [2,145]{.underline}   [2,195]{.underline}   [2,825]{.underline}   [2,850]{.underline}   
  States]{.underline}                                                                                                                                                                 

                                                                                                                                                                                      

  Subtotal                  87,310                94,781                93,099                92,711                91,241                91,601                91,221                

                                                                                                                                                                                      

  Other Countries           5,318                 8,080                 8,389                 8,206                 8,341                 7,810                 7,810                 

  Unaccounted               3,899                 1,629                 2,229                 1,929                 1,774                 2,573                 2,193                 

                                                                                                                                                                                      

  WORLD TOTAL               96,527                104,490               103,717               102,846               101,356               101,984               101,224               

                                                                                                                                                                                      

                                                                                                                                                                                      
  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- --
  **WORLD COARSE GRAIN                                                                                                                                                                              
  PRODUCTION, CONSUMPTION,                                                                                                                                                                          
  AND STOCKS**                                                                                                                                                                                      

  **LOCAL MARKETING YEARS**                                                                                                                                                                         

  **THOUSAND METRIC TONS**                                                                                                                                                                          

                                                                                                                                                                                                    

                            **1998/99**             **1999/00**             **2000/01**             **2001/02**             **2001/02**             **2002/03**             **2002/03**             

                                                                                                    **12-Sep**              **11-Oct**              **12-Sep**              **11-Oct**              

  **PRODUCTION**                                                                                                                                                                                    

  Argentina                 17,751                  21,683                  19,580                  18,445                  18,445                  16,270                  16,270                  

  [Australia]{.underline}   [10,069]{.underline}    [8,686]{.underline}     [10,846]{.underline}    [11,075]{.underline}    [11,075]{.underline}    [9,530]{.underline}     [8,530]{.underline}     

  Brazil                    33,505                  32,553                  42,698                  36,662                  36,662                  38,159                  38,159                  

  [Canada]{.underline}      [26,565]{.underline}    [26,832]{.underline}    [24,326]{.underline}    [22,412]{.underline}    [22,412]{.underline}    [19,820]{.underline}    [19,395]{.underline}    

  China                     143,460                 137,218                 113,953                 122,405                 121,893                 133,400                 132,900                 

  [Egypt]{.underline}       [6,540]{.underline}     [6,598]{.underline}     [6,556]{.underline}     [7,050]{.underline}     [7,080]{.underline}     [7,120]{.underline}     [7,120]{.underline}     

  Hungary                   7,597                   8,293                   6,080                   9,171                   9,171                   7,350                   7,350                   

  [India]{.underline}       [31,670]{.underline}    [30,480]{.underline}    [31,631]{.underline}    [30,932]{.underline}    [34,682]{.underline}    [30,000]{.underline}    [27,500]{.underline}    

  Indonesia                 6,500                   6,200                   5,900                   6,000                   6,000                   6,100                   6,100                   

  [Mexico]{.underline}      [24,698]{.underline}    [26,184]{.underline}    [24,455]{.underline}    [26,967]{.underline}    [26,967]{.underline}    [26,720]{.underline}    [26,720]{.underline}    

  Philippines               4,894                   4,449                   4,508                   4,525                   4,505                   4,525                   4,450                   

  [Romania]{.underline}     [9,640]{.underline}     [11,945]{.underline}    [5,775]{.underline}     [8,460]{.underline}     [8,460]{.underline}     [8,055]{.underline}     [8,055]{.underline}     

  South Africa              8,143                   11,054                  7,830                   9,502                   9,502                   9,863                   9,903                   

  [Ukraine]{.underline}     [10,337]{.underline}    [10,591]{.underline}    [12,993]{.underline}    [16,965]{.underline}    [16,965]{.underline}    [16,050]{.underline}    [16,550]{.underline}    

  EU                        105,514                 102,113                 107,193                 105,714                 105,714                 104,750                 105,585                 

  [Others]{.underline}      [171,661]{.underline}   [168,600]{.underline}   [163,343]{.underline}   [184,890]{.underline}   [186,153]{.underline}   [181,349]{.underline}   [184,296]{.underline}   

  Subtotal                  618,544                 613,479                 587,667                 621,175                 625,686                 619,061                 618,883                 

                                                                                                                                                                                                    

  United States             271,474                 263,172                 273,129                 261,862                 261,861                 242,265                 244,517                 

                                                                                                                                                                                                    

  WORLD TOTAL               890,018                 876,651                 860,796                 883,037                 887,547                 861,326                 863,400                 

                                                                                                                                                                                                    
  ------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- --

  ------------------------ ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- --
  **CONSUMPTION**                                                                                                                                                                                  

  Argentina                10,033                  9,084                   9,386                   8,257                   8,257                   8,190                   8,190                   

  [Brazil]{.underline}     [34,862]{.underline}    [34,488]{.underline}    [35,793]{.underline}    [36,144]{.underline}    [36,144]{.underline}    [37,494]{.underline}    [37,494]{.underline}    

  Canada                   23,583                  23,261                  24,619                  24,437                  24,832                  23,047                  22,717                  

  [China]{.underline}      [128,923]{.underline}   [129,464]{.underline}   [130,186]{.underline}   [134,537]{.underline}   [133,977]{.underline}   [136,755]{.underline}   [136,255]{.underline}   

  Egypt                    10,227                  11,098                  11,858                  12,345                  12,045                  12,370                  12,370                  

  [India]{.underline}      [31,823]{.underline}    [30,450]{.underline}    [31,516]{.underline}    [31,275]{.underline}    [33,925]{.underline}    [30,500]{.underline}    [28,800]{.underline}    

  Indonesia                6,711                   7,279                   7,150                   7,100                   7,100                   7,200                   7,200                   

  [Japan]{.underline}      [21,273]{.underline}    [20,818]{.underline}    [20,362]{.underline}    [20,284]{.underline}    [20,184]{.underline}    [19,685]{.underline}    [19,485]{.underline}    

  Korea, South             8,312                   9,392                   9,251                   9,285                   9,285                   9,360                   9,360                   

  [Malaysia]{.underline}   [2,425]{.underline}     [2,353]{.underline}     [2,420]{.underline}     [2,485]{.underline}     [2,485]{.underline}     [2,485]{.underline}     [2,485]{.underline}     

  Mexico                   33,498                  35,553                  36,070                  37,310                  36,210                  38,200                  37,200                  

  [Romania]{.underline}    [10,311]{.underline}    [10,960]{.underline}    [7,290]{.underline}     [7,905]{.underline}     [7,905]{.underline}     [7,830]{.underline}     [7,830]{.underline}     

  Russia                   25,636                  24,828                  26,775                  29,300                  29,100                  30,000                  30,000                  

  [Saudi                   [7,669]{.underline}     [7,454]{.underline}     [6,803]{.underline}     [7,114]{.underline}     [7,114]{.underline}     [6,914]{.underline}     [6,914]{.underline}     
  Arabia]{.underline}                                                                                                                                                                              

  South Africa             8,248                   8,517                   8,641                   8,525                   8,625                   8,518                   8,558                   

  [EU]{.underline}         [97,518]{.underline}    [95,815]{.underline}    [102,814]{.underline}   [102,291]{.underline}   [102,291]{.underline}   [100,278]{.underline}   [102,479]{.underline}   

  Others                   204,198                 209,416                 197,265                 204,895                 208,287                 206,768                 208,648                 

  Subtotal                 665,250                 670,230                 668,199                 683,489                 687,766                 685,594                 685,985                 

                                                                                                                                                                                                   

  United States            205,275                 212,130                 215,388                 216,199                 217,047                 212,007                 212,489                 

                                                                                                                                                                                                   

  WORLD TOTAL              870,525                 882,360                 883,587                 899,688                 904,813                 897,601                 898,474                 

                                                                                                                                                                                                   

  **ENDING STOCKS**                                                                                                                                                                                

  Canada                   4,876                   5,673                   4,327                   3,257                   3,260                   2,765                   2,768                   

  [China]{.underline}      [102,576]{.underline}   [102,716]{.underline}   [81,603]{.underline}    [63,727]{.underline}    [63,251]{.underline}    [53,357]{.underline}    [52,881]{.underline}    

  Russia                   1,803                   882                     2,493                   6,999                   6,756                   6,694                   7,351                   

  [EU]{.underline}         [23,533]{.underline}    [19,519]{.underline}    [16,878]{.underline}    [19,776]{.underline}    [19,776]{.underline}    [20,528]{.underline}    [19,537]{.underline}    

  Others                   31,092                  31,897                  28,751                  29,866                  31,357                  27,857                  28,845                  

  Subtotal                 163,880                 160,687                 134,052                 123,625                 124,400                 111,201                 111,382                 

                                                                                                                                                                                                   

  United States            51,373                  48,857                  52,701                  45,936                  45,087                  22,085                  23,031                  

                                                                                                                                                                                                   

  WORLD TOTAL              215,253                 209,544                 186,753                 169,561                 169,487                 133,286                 134,413                 

                                                                                                                                                                                                   

                                                                                                                                                                                                   

                                                                                                                                                                                                   

                                                                                                                                                                                                   
  ------------------------ ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- --

  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --
  **REGIONAL COARSE                                                                                                                                                                   
  GRAIN IMPORTS,                                                                                                                                                                      
  PRODUCTION,                                                                                                                                                                         
  CONSUMPTION, AND                                                                                                                                                                    
  STOCKS**                                                                                                                                                                            

  **THOUSAND METRIC                                                                                                                                                                   
  TONS**                                                                                                                                                                              

                                                                                                                                                                                      

                                                                                                                                                                                      

                     **1998/99**            **1999/00**            **2000/01**            **2001/02**            **2001/02**            **2002/03**            **2002/03**            

                                                                                          **12-Sep**             **11-Oct**             **12-Sep**             **11-Oct**             

  **IMPORTS**                                                                                                                                                                         

  North America 1/   12,698                 13,679                 16,567                 15,410                 14,790                 18,260                 17,880                 

  [Latin America     [9,911]{.underline}    [11,931]{.underline}   [10,305]{.underline}   [9,965]{.underline}    [9,965]{.underline}    [9,815]{.underline}    [9,815]{.underline}    
  2/]{.underline}                                                                                                                                                                     

  EU                 3,117                  2,699                  3,104                  4,110                  4,110                  2,665                  2,665                  

  [Other West. Eur.  [666]{.underline}      [957]{.underline}      [931]{.underline}      [876]{.underline}      [876]{.underline}      [866]{.underline}      [866]{.underline}      
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      1,606                  2,924                  1,015                  1,480                  1,280                  1,295                  1,295                  
  Union                                                                                                                                                                               

  [Eastern Europe    [1,241]{.underline}    [1,711]{.underline}    [2,830]{.underline}    [1,741]{.underline}    [1,766]{.underline}    [1,445]{.underline}    [1,495]{.underline}    
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     13,514                 15,754                 12,813                 13,125                 13,075                 12,305                 12,205                 

  [North Africa      [8,566]{.underline}    [9,334]{.underline}    [10,425]{.underline}   [10,608]{.underline}   [10,258]{.underline}   [10,660]{.underline}   [10,610]{.underline}   
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    1,392                  1,265                  1,541                  2,560                  2,610                  1,660                  1,960                  

  [South Asia        [175]{.underline}      [260]{.underline}      [56]{.underline}       [105]{.underline}      [15]{.underline}       [305]{.underline}      [305]{.underline}      
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      39,611                 42,248                 41,834                 40,842                 40,742                 40,040                 39,840                 

  [Oceania           [75]{.underline}       [69]{.underline}       [37]{.underline}       [65]{.underline}       [65]{.underline}       [65]{.underline}       [65]{.underline}       
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      

  **PRODUCTION**                                                                                                                                                                      

  North America 1/   322,737                316,188                321,910                311,241                311,240                288,805                290,632                

  [Latin America     [61,666]{.underline}   [65,119]{.underline}   [73,938]{.underline}   [66,520]{.underline}   [66,520]{.underline}   [66,248]{.underline}   [66,248]{.underline}   
  2/]{.underline}                                                                                                                                                                     

  EU                 105,514                102,113                107,193                105,714                105,714                104,750                105,585                

  [Other West. Eur.  [1,819]{.underline}    [1,827]{.underline}    [1,827]{.underline}    [1,827]{.underline}    [1,827]{.underline}    [1,827]{.underline}    [1,827]{.underline}    
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      39,830                 42,211                 51,720                 64,202                 64,223                 59,210                 60,710                 
  Union                                                                                                                                                                               

  [Eastern Europe    [51,122]{.underline}   [54,650]{.underline}   [37,010]{.underline}   [51,724]{.underline}   [51,794]{.underline}   [47,590]{.underline}   [48,217]{.underline}   
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     17,382                 13,947                 13,809                 14,582                 14,586                 15,747                 15,637                 

  [North Africa      [10,063]{.underline}   [9,366]{.underline}    [7,580]{.underline}    [9,305]{.underline}    [9,335]{.underline}    [9,572]{.underline}    [9,572]{.underline}    
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    68,841                 70,249                 64,248                 68,612                 69,458                 70,100                 71,090                 

  [South Asia        [36,021]{.underline}   [34,808]{.underline}   [35,831]{.underline}   [35,137]{.underline}   [38,887]{.underline}   [34,230]{.underline}   [31,730]{.underline}   
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      164,095                156,636                133,980                142,199                141,979                152,818                152,693                

  [Oceania           [10,679]{.underline}   [9,306]{.underline}    [11,466]{.underline}   [11,695]{.underline}   [11,695]{.underline}   [10,150]{.underline}   [9,150]{.underline}    
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      
  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --

  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --
  **CONSUMPTION**                                                                                                                                                                     

  North America 1/   262,356                270,944                276,077                277,946                278,089                273,254                272,406                

  [Latin America     [63,880]{.underline}   [63,556]{.underline}   [65,479]{.underline}   [64,704]{.underline}   [64,704]{.underline}   [65,903]{.underline}   [65,903]{.underline}   
  2/]{.underline}                                                                                                                                                                     

  EU                 97,518                 95,815                 102,814                102,291                102,291                100,278                102,479                

  [Other West. Eur.  [2,634]{.underline}    [2,812]{.underline}    [2,712]{.underline}    [2,734]{.underline}    [2,734]{.underline}    [2,769]{.underline}    [2,769]{.underline}    
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      47,060                 44,416                 48,076                 53,809                 53,616                 53,549                 53,849                 
  Union                                                                                                                                                                               

  [Eastern Europe    [51,574]{.underline}   [52,443]{.underline}   [40,992]{.underline}   [47,034]{.underline}   [47,579]{.underline}   [46,124]{.underline}   [46,629]{.underline}   
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     29,626                 29,254                 27,082                 27,716                 27,596                 27,241                 27,121                 

  [North Africa      [18,331]{.underline}   [18,452]{.underline}   [18,308]{.underline}   [19,417]{.underline}   [19,117]{.underline}   [19,951]{.underline}   [19,951]{.underline}   
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    68,434                 68,373                 66,881                 69,130                 70,329                 69,755                 70,515                 

  [South Asia        [36,174]{.underline}   [34,788]{.underline}   [35,721]{.underline}   [35,485]{.underline}   [38,135]{.underline}   [34,735]{.underline}   [33,035]{.underline}   
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      185,894                188,413                188,812                192,871                192,503                194,120                193,845                

  [Oceania           [6,098]{.underline}    [5,868]{.underline}    [6,716]{.underline}    [6,985]{.underline}    [6,985]{.underline}    [6,840]{.underline}    [7,040]{.underline}    
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      

  **ENDING STOCKS**                                                                                                                                                                   

  North America 1/   59,375                 58,209                 60,088                 51,855                 51,009                 26,867                 28,316                 

  [Latin America     [3,593]{.underline}    [3,141]{.underline}    [3,958]{.underline}    [3,959]{.underline}    [4,019]{.underline}    [4,024]{.underline}    [4,094]{.underline}    
  2/]{.underline}                                                                                                                                                                     

  EU                 23,533                 19,519                 16,878                 19,776                 19,776                 20,528                 19,537                 

  [Other West. Eur.  [695]{.underline}      [659]{.underline}      [660]{.underline}      [629]{.underline}      [629]{.underline}      [553]{.underline}      [553]{.underline}      
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      4,891                  3,750                  6,164                  11,482                 11,253                 11,018                 11,689                 
  Union                                                                                                                                                                               

  [Eastern Europe    [3,975]{.underline}    [4,753]{.underline}    [2,433]{.underline}    [4,294]{.underline}    [4,401]{.underline}    [4,295]{.underline}    [4,549]{.underline}    
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     4,170                  3,056                  3,211                  2,527                  2,610                  2,213                  2,306                  

  [North Africa      [1,185]{.underline}    [1,240]{.underline}    [749]{.underline}      [1,199]{.underline}    [1,129]{.underline}    [1,330]{.underline}    [1,260]{.underline}    
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    3,614                  4,521                  2,480                  2,167                  2,229                  2,142                  2,484                  

  [South Asia        [740]{.underline}      [1,020]{.underline}    [1,135]{.underline}    [842]{.underline}      [1,877]{.underline}    [592]{.underline}      [827]{.underline}      
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      108,580                108,908                87,826                 69,635                 69,159                 58,603                 58,077                 

  [Oceania           [902]{.underline}      [768]{.underline}      [1,171]{.underline}    [1,196]{.underline}    [1,396]{.underline}    [1,121]{.underline}    [721]{.underline}      
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      

  NOTES: Footnotes                                                                                                                                                                    
  appear on last                                                                                                                                                                      
  page of this                                                                                                                                                                        
  circular. Imports                                                                                                                                                                   
  are reported on an                                                                                                                                                                  
  international year                                                                                                                                                                  
  basis. All other                                                                                                                                                                    
  data are reported                                                                                                                                                                   
  using marketing                                                                                                                                                                     
  years.                                                                                                                                                                              
  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --

  ------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --
  **WORLD CORN TRADE**                                                                                                                                                                       

  **OCTOBER/SEPTEMBER                                                                                                                                                                        
  YEAR**                                                                                                                                                                                     

  **THOUSAND METRIC TONS**                                                                                                                                                                   

                                                                                                                                                                                             

                            **1998/99**            **1999/00**            **2000/01**            **2001/02**            **2001/02**            **2002/03**            **2002/03**            

                                                                                                 **12-Sep**             **11-Oct**             **12-Sep**             **11-Oct**             

  **EXPORTS**                                                                                                                                                                                

  Argentina                 7,848                  8,859                  12,229                 9,200                  8,700                  8,000                  8,000                  

  [Brazil]{.underline}      [8]{.underline}        [50]{.underline}       [3,741]{.underline}    [3,900]{.underline}    [3,900]{.underline}    [1,500]{.underline}    [1,500]{.underline}    

  Canada                    880                    378                    115                    250                    200                    400                    400                    

  [China]{.underline}       [3,340]{.underline}    [9,935]{.underline}    [7,276]{.underline}    [8,000]{.underline}    [8,500]{.underline}    [9,500]{.underline}    [9,500]{.underline}    

  Hungary                   1,829                  1,786                  730                    3,000                  2,800                  1,800                  1,800                  

  [Romania]{.underline}     [400]{.underline}      [400]{.underline}      [50]{.underline}       [200]{.underline}      [200]{.underline}      [100]{.underline}      [100]{.underline}      

  South Africa              798                    836                    1,415                  1,350                  1,200                  1,700                  1,700                  

  [Thailand]{.underline}    [100]{.underline}      [75]{.underline}       [397]{.underline}      [200]{.underline}      [200]{.underline}      [100]{.underline}      [100]{.underline}      

  Ukraine                   365                    55                     397                    350                    350                    300                    300                    

  [EU]{.underline}          [99]{.underline}       [210]{.underline}      [266]{.underline}      [50]{.underline}       [50]{.underline}       [50]{.underline}       [50]{.underline}       

  Others                    1,045                  1,278                  1,448                  1,175                  1,150                  1,090                  1,090                  

  [Subtotal]{.underline}    [16,712]{.underline}   [23,862]{.underline}   [28,064]{.underline}   [27,675]{.underline}   [27,250]{.underline}   [24,540]{.underline}   [24,540]{.underline}   

                                                                                                                                                                                             

  United States             51,949                 49,378                 48,192                 48,500                 47,500                 51,000                 51,000                 

                                                                                                                                                                                             

  WORLD TOTAL               68,661                 73,240                 76,256                 76,175                 74,750                 75,540                 75,540                 

                                                                                                                                                                                             

  **IMPORTS**                                                                                                                                                                                

  [Algeria]{.underline}     [1,171]{.underline}    [1,300]{.underline}    [1,500]{.underline}    [1,600]{.underline}    [1,600]{.underline}    [1,700]{.underline}    [1,700]{.underline}    

  Brazil                    945                    1,789                  671                    260                    260                    400                    400                    

  [Canada]{.underline}      [903]{.underline}      [1,084]{.underline}    [2,797]{.underline}    [3,200]{.underline}    [3,600]{.underline}    [4,500]{.underline}    [4,500]{.underline}    

  Chile                     1,268                  1,260                  1,362                  1,400                  1,400                  1,450                  1,450                  

  [China]{.underline}       [262]{.underline}      [71]{.underline}       [89]{.underline}       [50]{.underline}       [50]{.underline}       [100]{.underline}      [100]{.underline}      

  Colombia                  1,570                  2,005                  1,857                  1,800                  1,800                  1,800                  1,800                  

  [Costa Rica]{.underline}  [430]{.underline}      [550]{.underline}      [513]{.underline}      [600]{.underline}      [600]{.underline}      [600]{.underline}      [600]{.underline}      

  Dominican Republic        814                    1,000                  968                    1,200                  1,200                  1,000                  1,000                  

  [Ecuador]{.underline}     [285]{.underline}      [225]{.underline}      [149]{.underline}      [250]{.underline}      [250]{.underline}      [200]{.underline}      [200]{.underline}      

  Egypt                     3,687                  4,600                  5,268                  5,200                  4,800                  5,200                  5,200                  

  [Guatemala]{.underline}   [385]{.underline}      [500]{.underline}      [549]{.underline}      [600]{.underline}      [600]{.underline}      [550]{.underline}      [550]{.underline}      

  Indonesia                 455                    1,229                  1,280                  1,100                  1,100                  1,200                  1,200                  

  [Iran]{.underline}        [1,072]{.underline}    [1,100]{.underline}    [929]{.underline}      [1,000]{.underline}    [1,000]{.underline}    [900]{.underline}      [900]{.underline}      

  Israel                    579                    800                    993                    800                    800                    500                    500                    

  [Japan]{.underline}       [16,336]{.underline}   [16,117]{.underline}   [16,340]{.underline}   [16,300]{.underline}   [16,300]{.underline}   [15,500]{.underline}   [15,500]{.underline}   

  Jordan                    448                    450                    454                    350                    350                    350                    350                    
  ------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --

  --------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  [Korea, North]{.underline}  [200]{.underline}     [150]{.underline}     [688]{.underline}     [400]{.underline}     [400]{.underline}     [400]{.underline}     [400]{.underline}     

  Korea, South                7,517                 8,694                 8,743                 8,500                 8,500                 8,500                 8,500                 

  [Malaysia]{.underline}      [2,384]{.underline}   [2,296]{.underline}   [2,588]{.underline}   [2,400]{.underline}   [2,400]{.underline}   [2,400]{.underline}   [2,400]{.underline}   

  Mexico                      5,615                 4,911                 5,928                 5,000                 4,000                 6,500                 6,000                 

  [Morocco]{.underline}       [729]{.underline}     [750]{.underline}     [966]{.underline}     [800]{.underline}     [800]{.underline}     [900]{.underline}     [900]{.underline}     

  Peru                        1,050                 862                   861                   900                   900                   900                   900                   

  [Philippines]{.underline}   [129]{.underline}     [582]{.underline}     [246]{.underline}     [300]{.underline}     [300]{.underline}     [300]{.underline}     [300]{.underline}     

  Poland                      224                   250                   222                   150                   150                   100                   100                   

  [Russia]{.underline}        [524]{.underline}     [870]{.underline}     [150]{.underline}     [800]{.underline}     [600]{.underline}     [600]{.underline}     [600]{.underline}     

  Saudi Arabia                1,265                 1,500                 1,389                 1,400                 1,400                 1,500                 1,500                 

  [South Africa]{.underline}  [307]{.underline}     [350]{.underline}     [0]{.underline}       [900]{.underline}     [750]{.underline}     [350]{.underline}     [650]{.underline}     

  Syria                       570                   750                   794                   800                   800                   600                   600                   

  [Taiwan]{.underline}        [4,575]{.underline}   [5,023]{.underline}   [4,924]{.underline}   [4,700]{.underline}   [4,700]{.underline}   [4,300]{.underline}   [4,300]{.underline}   

  Tunisia                     561                   566                   776                   800                   800                   800                   800                   

  [Turkey]{.underline}        [887]{.underline}     [1,250]{.underline}   [608]{.underline}     [1,300]{.underline}   [1,300]{.underline}   [750]{.underline}     [750]{.underline}     

  Venezuela                   1,463                 1,300                 1,207                 600                   600                   600                   600                   

  [Zimbabwe]{.underline}      [350]{.underline}     [50]{.underline}      [50]{.underline}      [300]{.underline}     [300]{.underline}     [200]{.underline}     [200]{.underline}     

  EU                          2,716                 2,296                 2,857                 2,750                 2,750                 2,500                 2,500                 

  [O.W. Europe]{.underline}   [254]{.underline}     [276]{.underline}     [329]{.underline}     [335]{.underline}     [335]{.underline}     [335]{.underline}     [335]{.underline}     

  United States               388                   229                   120                   250                   250                   450                   450                   

                                                                                                                                                                                        

  Subtotal                    62,318                67,035                69,165                69,095                67,745                68,935                68,735                

                                                                                                                                                                                        

  Other Countries             3,654                 5,117                 5,784                 5,525                 5,660                 5,085                 5,085                 

  Unaccounted                 2,689                 1,088                 1,307                 1,555                 1,345                 1,520                 1,720                 

                                                                                                                                                                                        

  WORLD TOTAL                 68,661                73,240                76,256                76,175                74,750                75,540                75,540                

                                                                                                                                                                                        

                                                                                                                                                                                        

                                                                                                                                                                                        
  --------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- --
  **WORLD CORN PRODUCTION,                                                                                                                                                                          
  CONSUMPTION, AND STOCKS**                                                                                                                                                                         

  **LOCAL MARKETING YEARS**                                                                                                                                                                         

  **THOUSAND METRIC TONS**                                                                                                                                                                          

                                                                                                                                                                                                    

                            **1998/99**             **1999/00**             **2000/01**             **2001/02**             **2001/02**             **2002/03**             **2002/03**             

                                                                                                    **12-Sep**              **11-Oct**              **12-Sep**              **11-Oct**              

  **PRODUCTION**                                                                                                                                                                                    

  Argentina                 13,500                  17,200                  15,400                  14,400                  14,400                  12,500                  12,500                  

  [Brazil]{.underline}      [32,393]{.underline}    [31,641]{.underline}    [41,536]{.underline}    [35,500]{.underline}    [35,500]{.underline}    [37,000]{.underline}    [37,000]{.underline}    

  Canada                    8,952                   9,161                   6,827                   8,200                   8,200                   8,300                   8,300                   

  [China]{.underline}       [132,954]{.underline}   [128,086]{.underline}   [106,000]{.underline}   [114,000]{.underline}   [114,088]{.underline}   [125,000]{.underline}   [125,000]{.underline}   

  Egypt                     5,605                   5,678                   5,636                   6,130                   6,160                   6,200                   6,200                   

  [Hungary]{.underline}     [6,000]{.underline}     [7,000]{.underline}     [5,000]{.underline}     [7,600]{.underline}     [7,600]{.underline}     [6,000]{.underline}     [6,000]{.underline}     

  India                     10,680                  11,470                  12,068                  11,500                  13,510                  11,000                  11,000                  

  [Indonesia]{.underline}   [6,500]{.underline}     [6,200]{.underline}     [5,900]{.underline}     [6,000]{.underline}     [6,000]{.underline}     [6,100]{.underline}     [6,100]{.underline}     

  Mexico                    17,788                  19,240                  17,920                  19,600                  19,600                  19,000                  19,000                  

  [Nigeria]{.underline}     [4,950]{.underline}     [5,100]{.underline}     [4,000]{.underline}     [5,000]{.underline}     [5,000]{.underline}     [5,000]{.underline}     [5,200]{.underline}     

  Philippines               4,894                   4,449                   4,508                   4,525                   4,505                   4,525                   4,450                   

  [Romania]{.underline}     [8,000]{.underline}     [10,500]{.underline}    [4,800]{.underline}     [7,000]{.underline}     [7,000]{.underline}     [7,000]{.underline}     [7,000]{.underline}     

  Serbia                    5,174                   6,140                   2,944                   6,200                   6,200                   5,000                   5,400                   

  [South                    [7,724]{.underline}     [10,563]{.underline}    [7,483]{.underline}     [9,100]{.underline}     [9,100]{.underline}     [9,500]{.underline}     [9,500]{.underline}     
  Africa]{.underline}                                                                                                                                                                               

  Thailand                  4,300                   3,900                   4,700                   4,500                   4,500                   3,900                   3,900                   

  [Ukraine]{.underline}     [2,301]{.underline}     [1,737]{.underline}     [3,848]{.underline}     [3,600]{.underline}     [3,600]{.underline}     [3,000]{.underline}     [3,500]{.underline}     

  EU                        35,295                  36,404                  37,460                  38,810                  38,810                  39,220                  39,300                  

  Others                    50,654                  52,418                  49,590                  50,243                  50,711                  52,772                  52,807                  

  Subtotal                  357,664                 366,887                 335,620                 351,908                 354,484                 361,017                 362,157                 

                                                                                                                                                                                                    

  United States             247,882                 239,549                 251,854                 241,485                 241,485                 224,763                 227,844                 

                                                                                                                                                                                                    

  WORLD TOTAL               605,546                 606,436                 587,474                 593,393                 595,969                 585,780                 590,001                 

                                                                                                                                                                                                    
  ------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- --

  ------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- --
  **CONSUMPTION**                                                                                                                                                                                   

  [Brazil]{.underline}      [33,615]{.underline}    [33,044]{.underline}    [34,500]{.underline}    [34,500]{.underline}    [34,500]{.underline}    [36,000]{.underline}    [36,000]{.underline}    

  Canada                    8,918                   8,822                   9,934                   11,280                  11,730                  12,400                  12,400                  

  [China]{.underline}       [115,500]{.underline}   [118,000]{.underline}   [120,000]{.underline}   [124,000]{.underline}   [124,000]{.underline}   [126,000]{.underline}   [126,000]{.underline}   

  Egypt                     9,292                   10,178                  10,900                  11,350                  11,050                  11,400                  11,400                  

  [Hungary]{.underline}     [4,921]{.underline}     [5,014]{.underline}     [4,635]{.underline}     [4,400]{.underline}     [4,600]{.underline}     [4,300]{.underline}     [4,300]{.underline}     

  India                     10,853                  11,350                  11,950                  11,850                  13,050                  11,500                  12,000                  

  [Indonesia]{.underline}   [6,711]{.underline}     [7,279]{.underline}     [7,150]{.underline}     [7,100]{.underline}     [7,100]{.underline}     [7,200]{.underline}     [7,200]{.underline}     

  Japan                     16,436                  16,317                  16,200                  16,200                  16,200                  15,700                  15,700                  

  [Korea,                   [7,617]{.underline}     [8,400]{.underline}     [8,700]{.underline}     [8,650]{.underline}     [8,650]{.underline}     [8,650]{.underline}     [8,650]{.underline}     
  South]{.underline}                                                                                                                                                                                

  Malaysia                  2,425                   2,353                   2,420                   2,485                   2,485                   2,485                   2,485                   

  [Mexico]{.underline}      [23,037]{.underline}    [23,657]{.underline}    [24,000]{.underline}    [25,000]{.underline}    [24,000]{.underline}    [26,000]{.underline}    [25,000]{.underline}    

  Nigeria                   4,950                   5,100                   4,000                   5,030                   5,030                   5,050                   5,250                   

  [Romania]{.underline}     [8,621]{.underline}     [9,500]{.underline}     [6,250]{.underline}     [6,800]{.underline}     [6,800]{.underline}     [6,800]{.underline}     [6,800]{.underline}     

  Serbia                    5,048                   6,091                   3,119                   6,150                   6,175                   4,950                   5,350                   

  [South                    [7,714]{.underline}     [7,962]{.underline}     [8,148]{.underline}     [7,900]{.underline}     [8,000]{.underline}     [8,000]{.underline}     [8,000]{.underline}     
  Africa]{.underline}                                                                                                                                                                               

  Others                    131,164                 139,234                 137,224                 135,929                 137,722                 137,416                 138,126                 

  Subtotal                  396,822                 412,301                 409,130                 418,624                 421,092                 423,851                 424,661                 

                                                                                                                                                                                                    

  United States             185,788                 192,496                 198,102                 200,162                 201,090                 197,367                 198,637                 

                                                                                                                                                                                                    

  WORLD TOTAL               [582,610]{.underline}   [604,797]{.underline}   [607,232]{.underline}   [618,786]{.underline}   [622,182]{.underline}   [621,218]{.underline}   [623,298]{.underline}   

                                                                                                                                                                                                    

  **ENDING STOCKS**                                                                                                                                                                                 

  [Brazil]{.underline}      [1,000]{.underline}     [600]{.underline}       [1,606]{.underline}     [1,531]{.underline}     [1,531]{.underline}     [1,556]{.underline}     [1,556]{.underline}     

  China                     102,092                 102,314                 81,127                  63,177                  62,765                  52,777                  52,365                  

  [Japan]{.underline}       [1,355]{.underline}     [1,156]{.underline}     [1,297]{.underline}     [1,398]{.underline}     [1,398]{.underline}     [1,199]{.underline}     [1,199]{.underline}     

  Mexico                    1,850                   2,336                   2,167                   1,752                   1,752                   1,237                   1,737                   

  [South                    [863]{.underline}       [2,041]{.underline}     [490]{.underline}       [690]{.underline}       [790]{.underline}       [590]{.underline}       [740]{.underline}       
  Africa]{.underline}                                                                                                                                                                               

  EU                        3,739                   3,629                   3,380                   3,290                   3,290                   3,260                   3,340                   

  [Others]{.underline}      [12,821]{.underline}    [15,046]{.underline}    [12,685]{.underline}    [11,876]{.underline}    [12,626]{.underline}    [10,682]{.underline}    [11,132]{.underline}    

  Subtotal                  123,720                 127,122                 102,752                 83,714                  84,152                  71,301                  72,069                  

                                                                                                                                                                                                    

  United States             45,391                  43,628                  48,240                  41,555                  40,627                  18,530                  19,413                  

                                                                                                                                                                                                    

  WORLD TOTAL               169,111                 170,750                 150,992                 125,269                 124,779                 89,831                  91,482                  

                                                                                                                                                                                                    

                                                                                                                                                                                                    
  ------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- --

  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --
  **REGIONAL CORN                                                                                                                                                                     
  IMPORTS,                                                                                                                                                                            
  PRODUCTION,                                                                                                                                                                         
  CONSUMPTION, AND                                                                                                                                                                    
  STOCKS**                                                                                                                                                                            

  **THOUSAND METRIC                                                                                                                                                                   
  TONS**                                                                                                                                                                              

                                                                                                                                                                                      

                                                                                                                                                                                      

                     **1998/99**            **1999/00**            **2000/01**            **2001/02**            **2001/02**            **2002/03**            **2002/03**            

                                                                                          **12-Sep**             **11-Oct**             **12-Sep**             **11-Oct**             

  **IMPORTS**                                                                                                                                                                         

  North America 1/   6,906                  6,224                  8,845                  8,450                  7,850                  11,450                 10,950                 

  [Latin America     [9,456]{.underline}    [11,198]{.underline}   [9,747]{.underline}    [9,225]{.underline}    [9,225]{.underline}    [9,015]{.underline}    [9,015]{.underline}    
  2/]{.underline}                                                                                                                                                                     

  EU                 2,716                  2,296                  2,857                  2,750                  2,750                  2,500                  2,500                  

  [Other West. Eur.  [254]{.underline}      [276]{.underline}      [329]{.underline}      [335]{.underline}      [335]{.underline}      [335]{.underline}      [335]{.underline}      
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      627                    1,095                  387                    1,020                  820                    770                    770                    
  Union                                                                                                                                                                               

  [Eastern Europe    [689]{.underline}      [843]{.underline}      [1,590]{.underline}    [1,230]{.underline}    [1,255]{.underline}    [840]{.underline}      [840]{.underline}      
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     5,383                  6,475                  5,760                  6,250                  6,250                  5,150                  5,150                  

  [North Africa      [6,239]{.underline}    [7,491]{.underline}    [8,762]{.underline}    [8,650]{.underline}    [8,250]{.underline}    [8,850]{.underline}    [8,850]{.underline}    
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    1,268                  1,061                  1,345                  2,230                  2,280                  1,480                  1,780                  

  [South Asia        [175]{.underline}      [260]{.underline}      [51]{.underline}       [100]{.underline}      [10]{.underline}       [300]{.underline}      [300]{.underline}      
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      32,190                 34,887                 35,232                 34,335                 34,335                 33,285                 33,285                 

  [Oceania           [13]{.underline}       [16]{.underline}       [14]{.underline}       [15]{.underline}       [15]{.underline}       [15]{.underline}       [15]{.underline}       
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      

  **PRODUCTION**                                                                                                                                                                      

  North America 1/   274,622                267,950                276,601                269,285                269,285                252,063                255,144                

  [Latin America     [54,311]{.underline}   [57,805]{.underline}   [66,434]{.underline}   [59,389]{.underline}   [59,389]{.underline}   [59,232]{.underline}   [59,232]{.underline}   
  2/]{.underline}                                                                                                                                                                     

  EU                 35,295                 36,404                 37,460                 38,810                 38,810                 39,220                 39,300                 

  [Other West. Eur.  [185]{.underline}      [220]{.underline}      [220]{.underline}      [220]{.underline}      [220]{.underline}      [220]{.underline}      [220]{.underline}      
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      5,370                  5,078                  7,518                  6,765                  6,765                  6,545                  7,045                  
  Union                                                                                                                                                                               

  [Eastern Europe    [25,263]{.underline}   [30,705]{.underline}   [18,119]{.underline}   [27,406]{.underline}   [27,476]{.underline}   [24,930]{.underline}   [25,530]{.underline}   
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     3,627                  3,022                  2,812                  2,707                  2,707                  3,117                  3,117                  

  [North Africa      [5,908]{.underline}    [5,880]{.underline}    [5,692]{.underline}    [6,332]{.underline}    [6,362]{.underline}    [6,402]{.underline}    [6,402]{.underline}    
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    33,944                 37,712                 31,850                 34,316                 34,402                 35,785                 35,365                 

  [South Asia        [13,782]{.underline}   [14,540]{.underline}   [15,138]{.underline}   [14,570]{.underline}   [16,580]{.underline}   [14,095]{.underline}   [14,095]{.underline}   
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      152,631                146,490                125,005                132,782                133,162                143,381                143,756                

  [Oceania           [483]{.underline}      [510]{.underline}      [500]{.underline}      [666]{.underline}      [666]{.underline}      [645]{.underline}      [645]{.underline}      
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      
  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --

  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --
  **CONSUMPTION**                                                                                                                                                                     

  North America 1/   217,743                224,975                232,036                236,442                236,820                235,767                236,037                

  [Latin America     [56,810]{.underline}   [56,347]{.underline}   [58,073]{.underline}   [57,447]{.underline}   [57,447]{.underline}   [58,767]{.underline}   [58,767]{.underline}   
  2/]{.underline}                                                                                                                                                                     

  EU                 38,578                 38,600                 40,300                 41,600                 41,600                 41,700                 41,700                 

  [Other West. Eur.  [479]{.underline}      [496]{.underline}      [549]{.underline}      [555]{.underline}      [555]{.underline}      [555]{.underline}      [555]{.underline}      
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      6,939                  6,415                  7,052                  7,325                  7,125                  7,505                  7,805                  
  Union                                                                                                                                                                               

  [Eastern Europe    [25,231]{.underline}   [27,885]{.underline}   [20,379]{.underline}   [24,465]{.underline}   [25,010]{.underline}   [23,645]{.underline}   [24,145]{.underline}   
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     8,999                  9,652                  8,848                  8,957                  8,957                  8,267                  8,267                  

  [North Africa      [12,146]{.underline}   [13,115]{.underline}   [14,464]{.underline}   [14,851]{.underline}   [14,551]{.underline}   [15,201]{.underline}   [15,201]{.underline}   
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    34,029                 35,431                 34,317                 34,606                 35,000                 35,345                 34,975                 

  [South Asia        [13,955]{.underline}   [14,430]{.underline}   [15,021]{.underline}   [14,920]{.underline}   [16,120]{.underline}   [14,595]{.underline}   [15,095]{.underline}   
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      166,316                170,846                173,292                176,985                177,277                178,010                178,435                

  [Oceania           [457]{.underline}      [470]{.underline}      [465]{.underline}      [580]{.underline}      [580]{.underline}      [560]{.underline}      [560]{.underline}      
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      

  **ENDING STOCKS**                                                                                                                                                                   

  North America 1/   48,126                 47,516                 51,287                 44,157                 43,232                 20,617                 22,003                 

  [Latin America     [2,572]{.underline}    [2,139]{.underline}    [3,229]{.underline}    [3,181]{.underline}    [3,181]{.underline}    [3,321]{.underline}    [3,321]{.underline}    
  2/]{.underline}                                                                                                                                                                     

  EU                 3,739                  3,629                  3,380                  3,290                  3,290                  3,260                  3,340                  

  [Other West. Eur.  [80]{.underline}       [80]{.underline}       [80]{.underline}       [80]{.underline}       [80]{.underline}       [80]{.underline}       [80]{.underline}       
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      1,374                  1,027                  1,414                  1,414                  1,414                  864                    1,064                  
  Union                                                                                                                                                                               

  [Eastern Europe    [1,886]{.underline}    [2,926]{.underline}    [1,499]{.underline}    [1,930]{.underline}    [2,030]{.underline}    [1,905]{.underline}    [2,105]{.underline}    
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     809                    651                    368                    368                    368                    368                    368                    

  [North Africa      [391]{.underline}      [491]{.underline}      [494]{.underline}      [475]{.underline}      [405]{.underline}      [476]{.underline}      [406]{.underline}      
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    2,821                  4,201                  2,138                  1,788                  1,860                  1,698                  1,770                  

  [South Asia        [300]{.underline}      [670]{.underline}      [788]{.underline}      [488]{.underline}      [1,233]{.underline}    [238]{.underline}      [483]{.underline}      
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      107,002                107,409                86,303                 68,085                 67,673                 56,991                 56,529                 

  [Oceania           [11]{.underline}       [11]{.underline}       [12]{.underline}       [13]{.underline}       [13]{.underline}       [13]{.underline}       [13]{.underline}       
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      

                                                                                                                                                                                      

  NOTES: Footnotes                                                                                                                                                                    
  appear on last                                                                                                                                                                      
  page of this                                                                                                                                                                        
  circular. Imports                                                                                                                                                                   
  are reported on an                                                                                                                                                                  
  international year                                                                                                                                                                  
  basis. All other                                                                                                                                                                    
  data are reported                                                                                                                                                                   
  using marketing                                                                                                                                                                     
  years.                                                                                                                                                                              
  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --

  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **WORLD BARLEY TRADE**                                                                                                                                                              

  **OCTOBER/SEPTEMBER                                                                                                                                                                 
  YEAR**                                                                                                                                                                              

  **THOUSAND METRIC TONS**                                                                                                                                                            

                                                                                                                                                                                      

                            **1998/99**           **1999/00**           **2000/01**           **2001/02**           **2001/02**           **2002/03**           **2002/03**           

                                                                                              **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **EXPORTS**                                                                                                                                                                         

  [Argentina]{.underline}   [132]{.underline}     [50]{.underline}      [202]{.underline}     [150]{.underline}     [150]{.underline}     [200]{.underline}     [200]{.underline}     

  Australia                 4,241                 2,870                 3,600                 4,000                 3,800                 2,500                 2,000                 

  [Canada]{.underline}      [1,185]{.underline}   [1,806]{.underline}   [1,956]{.underline}   [1,000]{.underline}   [1,000]{.underline}   [500]{.underline}     [500]{.underline}     

  Kazakstan                 475                   772                   292                   450                   450                   500                   500                   

  [Russia]{.underline}      [92]{.underline}      [393]{.underline}     [1,031]{.underline}   [2,300]{.underline}   [2,600]{.underline}   [3,000]{.underline}   [3,200]{.underline}   

  Turkey                    740                   181                   150                   500                   500                   700                   700                   

  [Ukraine]{.underline}     [972]{.underline}     [787]{.underline}     [1,479]{.underline}   [2,700]{.underline}   [2,700]{.underline}   [3,200]{.underline}   [3,400]{.underline}   

  EU                        8,894                 10,458                6,148                 3,800                 3,600                 4,500                 4,000                 

  [Eastern                  [475]{.underline}     [607]{.underline}     [577]{.underline}     [605]{.underline}     [805]{.underline}     [700]{.underline}     [600]{.underline}     
  Europe]{.underline}                                                                                                                                                                 

  Others                    29                    18                    72                    540                   540                   175                   175                   

  Subtotal                  17,235                17,942                15,507                16,045                16,145                15,975                15,275                

                                                                                                                                                                                      

  United States             550                   852                   1,065                 500                   500                   500                   500                   

                                                                                                                                                                                      

  WORLD TOTAL               17,785                18,794                16,572                16,545                16,645                16,475                15,775                

                                                                                                                                                                                      
  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **IMPORTS**                                                                                                                                                                        

  Algeria                  759                   652                   334                   400                   400                   400                   400                   

  [Brazil]{.underline}     [115]{.underline}     [130]{.underline}     [170]{.underline}     [200]{.underline}     [200]{.underline}     [200]{.underline}     [200]{.underline}     

  China                    1,955                 2,244                 2,305                 2,200                 2,200                 2,400                 2,400                 

  [Colombia]{.underline}   [97]{.underline}      [100]{.underline}     [129]{.underline}     [200]{.underline}     [200]{.underline}     [125]{.underline}     [125]{.underline}     

  Cyprus                   200                   428                   268                   300                   300                   300                   300                   

  [Iran]{.underline}       [376]{.underline}     [1,000]{.underline}   [822]{.underline}     [600]{.underline}     [600]{.underline}     [600]{.underline}     [600]{.underline}     

  Israel                   464                   351                   326                   300                   300                   500                   500                   

  [Japan]{.underline}      [1,660]{.underline}   [1,608]{.underline}   [1,498]{.underline}   [1,500]{.underline}   [1,500]{.underline}   [1,500]{.underline}   [1,500]{.underline}   

  Jordan                   454                   712                   349                   600                   550                   600                   300                   

  [Korea,                  [113]{.underline}     [106]{.underline}     [85]{.underline}      [100]{.underline}     [100]{.underline}     [100]{.underline}     [100]{.underline}     
  South]{.underline}                                                                                                                                                                 

  Kuwait                   134                   125                   45                    125                   125                   125                   125                   

  [Libya]{.underline}      [248]{.underline}     [200]{.underline}     [144]{.underline}     [250]{.underline}     [250]{.underline}     [250]{.underline}     [250]{.underline}     

  Mexico                   155                   212                   119                   100                   100                   100                   100                   

  [Morocco]{.underline}    [951]{.underline}     [747]{.underline}     [506]{.underline}     [600]{.underline}     [600]{.underline}     [500]{.underline}     [500]{.underline}     

  Russia                   335                   737                   346                   200                   200                   200                   200                   

  [Saudi                   [5,814]{.underline}   [5,900]{.underline}   [4,800]{.underline}   [4,800]{.underline}   [4,800]{.underline}   [5,000]{.underline}   [5,000]{.underline}   
  Arabia]{.underline}                                                                                                                                                                

  South Africa             84                    105                   122                   150                   150                   100                   100                   

  [Syria]{.underline}      [432]{.underline}     [575]{.underline}     [296]{.underline}     [200]{.underline}     [200]{.underline}     [100]{.underline}     [300]{.underline}     

  Taiwan                   194                   167                   195                   200                   200                   200                   200                   

  [Tunisia]{.underline}    [223]{.underline}     [239]{.underline}     [599]{.underline}     [650]{.underline}     [700]{.underline}     [600]{.underline}     [550]{.underline}     

  Turkey                   140                   69                    34                    50                    50                    50                    50                    

  [EU]{.underline}         [91]{.underline}      [70]{.underline}      [212]{.underline}     [1,000]{.underline}   [1,000]{.underline}   [100]{.underline}     [100]{.underline}     

  O.W. Europe              310                   546                   478                   435                   435                   425                   425                   

  [Eastern                 [544]{.underline}     [545]{.underline}     [796]{.underline}     [430]{.underline}     [430]{.underline}     [450]{.underline}     [450]{.underline}     
  Europe]{.underline}                                                                                                                                                                

  United States            597                   627                   646                   475                   525                   500                   500                   

                                                                                                                                                                                     

  Subtotal                 16,445                18,195                15,624                16,065                16,115                15,425                15,275                

                                                                                                                                                                                     

  Other Countries          516                   423                   411                   335                   365                   305                   305                   

  Unaccounted              824                   176                   537                   145                   165                   745                   195                   

                                                                                                                                                                                     

  WORLD TOTAL              17,785                18,794                16,572                16,545                16,645                16,475                15,775                

                                                                                                                                                                                     

                                                                                                                                                                                     
  ------------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --
  **WORLD BARLEY                                                                                                                                                                             
  PRODUCTION, CONSUMPTION,                                                                                                                                                                   
  AND STOCKS**                                                                                                                                                                               

  **LOCAL MARKETING YEARS**                                                                                                                                                                  

  **THOUSAND METRIC TONS**                                                                                                                                                                   

                                                                                                                                                                                             

                            **1998/99**            **1999/00**            **2000/01**            **2001/02**            **2001/02**            **2002/03**            **2002/03**            

                                                                                                 **12-Sep**             **11-Oct**             **12-Sep**             **11-Oct**             

  **PRODUCTION**                                                                                                                                                                             

  Algeria                   720                    510                    163                    574                    574                    400                    400                    

  [Australia]{.underline}   [5,987]{.underline}    [5,032]{.underline}    [7,196]{.underline}    [7,500]{.underline}    [7,500]{.underline}    [5,500]{.underline}    [4,500]{.underline}    

  Canada                    12,709                 13,196                 13,468                 10,846                 10,846                 7,900                  7,700                  

  [China]{.underline}       [2,656]{.underline}    [2,970]{.underline}    [2,646]{.underline}    [2,535]{.underline}    [2,535]{.underline}    [2,400]{.underline}    [2,400]{.underline}    

  Iran                      2,300                  1,600                  1,400                  1,500                  1,500                  1,900                  1,900                  

  [Japan]{.underline}       [144]{.underline}      [205]{.underline}      [214]{.underline}      [206]{.underline}      [206]{.underline}      [230]{.underline}      [230]{.underline}      

  Kazakstan                 1,100                  2,250                  1,675                  2,200                  2,200                  2,000                  2,000                  

  [Morocco]{.underline}     [1,970]{.underline}    [1,474]{.underline}    [467]{.underline}      [1,155]{.underline}    [1,155]{.underline}    [1,600]{.underline}    [1,600]{.underline}    

  Russia                    9,800                  10,600                 14,100                 19,500                 19,500                 17,500                 18,500                 

  [Saudi                    [400]{.underline}      [400]{.underline}      [100]{.underline}      [100]{.underline}      [100]{.underline}      [100]{.underline}      [100]{.underline}      
  Arabia]{.underline}                                                                                                                                                                        

  Syria                     869                    360                    130                    1,300                  1,300                  950                    800                    

  [Turkey]{.underline}      [7,500]{.underline}    [6,600]{.underline}    [7,400]{.underline}    [6,900]{.underline}    [6,900]{.underline}    [7,500]{.underline}    [7,500]{.underline}    

  Ukraine                   5,870                  6,425                  6,872                  10,200                 10,200                 10,500                 10,500                 

  [EU]{.underline}          [51,907]{.underline}   [48,929]{.underline}   [51,659]{.underline}   [48,156]{.underline}   [48,156]{.underline}   [47,950]{.underline}   [48,300]{.underline}   

  Eastern Europe            10,696                 9,685                  7,462                  9,806                  9,806                  9,008                  9,208                  

  [Others]{.underline}      [13,712]{.underline}   [11,516]{.underline}   [12,803]{.underline}   [12,978]{.underline}   [12,996]{.underline}   [12,696]{.underline}   [12,736]{.underline}   

  Subtotal                  128,340                121,752                127,755                135,456                135,474                128,134                128,374                

                                                                                                                                                                                             

  United States             7,667                  6,103                  6,939                  5,434                  5,430                  5,480                  4,940                  

                                                                                                                                                                                             

  WORLD TOTAL               136,007                127,855                134,694                140,890                140,904                133,614                133,314                

                                                                                                                                                                                             
  ------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --

  ------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --
  **CONSUMPTION**                                                                                                                                                                            

  Algeria                   1,475                  1,060                  550                    650                    650                    650                    650                    

  [Australia]{.underline}   [2,130]{.underline}    [2,560]{.underline}    [3,200]{.underline}    [3,400]{.underline}    [3,400]{.underline}    [3,200]{.underline}    [3,200]{.underline}    

  Canada                    11,336                 11,419                 11,875                 10,369                 10,318                 7,993                  7,793                  

  [China]{.underline}       [5,209]{.underline}    [5,200]{.underline}    [4,900]{.underline}    [4,700]{.underline}    [4,700]{.underline}    [4,800]{.underline}    [4,800]{.underline}    

  Cyprus                    350                    558                    425                    425                    425                    425                    425                    

  [Iran]{.underline}        [2,675]{.underline}    [2,450]{.underline}    [2,300]{.underline}    [2,300]{.underline}    [2,300]{.underline}    [2,300]{.underline}    [2,300]{.underline}    

  Japan                     1,860                  1,819                  1,700                  1,750                  1,750                  1,700                  1,700                  

  [Mexico]{.underline}      [585]{.underline}      [653]{.underline}      [850]{.underline}      [850]{.underline}      [850]{.underline}      [850]{.underline}      [850]{.underline}      

  Morocco                   2,601                  2,345                  1,350                  1,750                  1,750                  2,000                  2,000                  

  [Russia]{.underline}      [12,900]{.underline}   [11,441]{.underline}   [12,700]{.underline}   [14,250]{.underline}   [14,250]{.underline}   [15,400]{.underline}   [15,400]{.underline}   

  Saudi Arabia              6,200                  5,750                  5,210                  5,510                  5,510                  5,210                  5,210                  

  [Syria]{.underline}       [950]{.underline}      [1,250]{.underline}    [800]{.underline}      [1,200]{.underline}    [1,200]{.underline}    [1,250]{.underline}    [1,250]{.underline}    

  Turkey                    6,800                  6,700                  6,900                  6,600                  6,600                  6,900                  6,900                  

  [Ukraine]{.underline}     [5,545]{.underline}    [5,650]{.underline}    [5,800]{.underline}    [7,000]{.underline}    [7,000]{.underline}    [6,600]{.underline}    [6,600]{.underline}    

  EU                        43,237                 42,121                 46,089                 44,481                 44,481                 42,079                 44,100                 

  [Eastern                  [11,151]{.underline}   [9,960]{.underline}    [8,447]{.underline}    [8,930]{.underline}    [8,930]{.underline}    [8,780]{.underline}    [8,830]{.underline}    
  Europe]{.underline}                                                                                                                                                                        

  Others                    17,063                 15,053                 16,540                 16,145                 16,360                 17,545                 16,775                 

  Subtotal                  132,067                125,989                129,636                130,310                130,474                127,682                128,783                

                                                                                                                                                                                             

  United States             7,207                  6,752                  6,427                  5,669                  5,665                  5,922                  5,487                  

                                                                                                                                                                                             

  WORLD TOTAL               139,274                132,741                136,063                135,979                136,139                133,604                134,270                

                                                                                                                                                                                             

  **ENDING STOCKS**                                                                                                                                                                          

  Australia                 465                    387                    783                    883                    1,083                  783                    383                    

  [Canada]{.underline}      [2,737]{.underline}    [2,838]{.underline}    [2,516]{.underline}    [1,993]{.underline}    [1,993]{.underline}    [1,500]{.underline}    [1,500]{.underline}    

  Russia                    382                    289                    1,529                  4,629                  4,386                  3,929                  4,586                  

  [Turkey]{.underline}      [735]{.underline}      [564]{.underline}      [972]{.underline}      [772]{.underline}      [772]{.underline}      [722]{.underline}      [722]{.underline}      

  Ukraine                   750                    761                    846                    1,266                  1,266                  1,886                  1,686                  

  [EU]{.underline}          [13,733]{.underline}   [10,471]{.underline}   [8,310]{.underline}    [9,635]{.underline}    [9,635]{.underline}    [11,106]{.underline}   [10,035]{.underline}   

  Others                    6,929                  6,195                  5,290                  6,096                  6,169                  5,691                  5,874                  

  Subtotal                  25,731                 21,505                 20,246                 25,274                 25,304                 25,617                 24,786                 

                                                                                                                                                                                             

  United States             3,084                  2,424                  2,314                  2,021                  2,021                  1,688                  1,583                  

                                                                                                                                                                                             

  WORLD TOTAL               28,815                 23,929                 22,560                 27,295                 27,325                 27,305                 26,369                 

                                                                                                                                                                                             

                                                                                                                                                                                             
  ------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --

  ------------------ ---------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **REGIONAL BARLEY                                                                                                                                                             
  IMPORTS,                                                                                                                                                                      
  PRODUCTION,                                                                                                                                                                   
  CONSUMPTION, AND                                                                                                                                                              
  STOCKS**                                                                                                                                                                      

  **THOUSAND METRIC                                                                                                                                                             
  TONS**                                                                                                                                                                        

                                                                                                                                                                                

                                                                                                                                                                                

                     **1998/99**            **1999/00**           **2000/01**           **2001/02**           **2001/02**           **2002/03**           **2002/03**           

                                                                                        **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **IMPORTS**                                                                                                                                                                   

  North America 1/   794                    879                   825                   645                   725                   675                   675                   

  [Latin America     [379]{.underline}      [411]{.underline}     [387]{.underline}     [545]{.underline}     [545]{.underline}     [460]{.underline}     [460]{.underline}     
  2/]{.underline}                                                                                                                                                               

  EU                 91                     70                    212                   1,000                 1,000                 100                   100                   

  [Other West. Eur.  [310]{.underline}      [546]{.underline}     [478]{.underline}     [435]{.underline}     [435]{.underline}     [425]{.underline}     [425]{.underline}     
  3/]{.underline}                                                                                                                                                               

  Former Soviet      552                    1,076                 470                   380                   380                   355                   355                   
  Union                                                                                                                                                                         

  [Eastern Europe    [544]{.underline}      [545]{.underline}     [796]{.underline}     [430]{.underline}     [430]{.underline}     [450]{.underline}     [450]{.underline}     
  4/]{.underline}                                                                                                                                                               

  Middle East 5/     8,039                  8,957                 6,964                 6,800                 6,750                 7,100                 7,000                 

  [North Africa      [2,181]{.underline}    [1,838]{.underline}   [1,654]{.underline}   [1,950]{.underline}   [2,000]{.underline}   [1,800]{.underline}   [1,750]{.underline}   
  6/]{.underline}                                                                                                                                                               

  Other Africa 7/    89                     118                   138                   160                   160                   110                   110                   

  [South Asia        [0]{.underline}        [0]{.underline}       [5]{.underline}       [5]{.underline}       [5]{.underline}       [5]{.underline}       [5]{.underline}       
  8/]{.underline}                                                                                                                                                               

  Other Asia 9/      3,922                  4,125                 4,083                 4,000                 4,000                 4,200                 4,200                 

  [Oceania           [60]{.underline}       [53]{.underline}      [23]{.underline}      [50]{.underline}      [50]{.underline}      [50]{.underline}      [50]{.underline}      
  10/]{.underline}                                                                                                                                                              

                                                                                                                                                                                

  **PRODUCTION**                                                                                                                                                                

  North America 1/   20,786                 19,749                21,177                17,047                17,043                14,150                13,410                

  [Latin America     [1,392]{.underline}    [1,145]{.underline}   [1,508]{.underline}   [1,246]{.underline}   [1,246]{.underline}   [1,485]{.underline}   [1,485]{.underline}   
  2/]{.underline}                                                                                                                                                               

  EU                 51,907                 48,929                51,659                48,156                48,156                47,950                48,300                

  [Other West. Eur.  [1,099]{.underline}    [1,074]{.underline}   [1,074]{.underline}   [1,074]{.underline}   [1,074]{.underline}   [1,074]{.underline}   [1,074]{.underline}   
  3/]{.underline}                                                                                                                                                               

  Former Soviet      21,080                 22,433                26,482                36,251                36,265                33,724                34,724                
  Union                                                                                                                                                                         

  [Eastern Europe    [10,696]{.underline}   [9,685]{.underline}   [7,462]{.underline}   [9,806]{.underline}   [9,806]{.underline}   [9,008]{.underline}   [9,208]{.underline}   
  4/]{.underline}                                                                                                                                                               

  Middle East 5/     12,384                 9,631                 9,703                 10,581                10,585                11,336                11,226                

  [North Africa      [3,245]{.underline}    [2,651]{.underline}   [1,085]{.underline}   [2,134]{.underline}   [2,134]{.underline}   [2,325]{.underline}   [2,325]{.underline}   
  6/]{.underline}                                                                                                                                                               

  Other Africa 7/    1,612                  1,543                 1,831                 1,707                 1,707                 1,717                 1,717                 

  [South Asia        [2,229]{.underline}    [2,008]{.underline}   [1,857]{.underline}   [1,847]{.underline}   [1,847]{.underline}   [1,915]{.underline}   [1,915]{.underline}   
  8/]{.underline}                                                                                                                                                               

  Other Asia 9/      3,200                  3,575                 3,260                 3,141                 3,141                 3,030                 3,030                 

  [Oceania           [6,377]{.underline}    [5,432]{.underline}   [7,596]{.underline}   [7,900]{.underline}   [7,900]{.underline}   [5,900]{.underline}   [4,900]{.underline}   
  10/]{.underline}                                                                                                                                                              

                                                                                                                                                                                
  ------------------ ---------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------ ---------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **CONSUMPTION**                                                                                                                                                               

  North America 1/   19,128                 18,824                19,152                16,888                16,833                14,765                14,130                

  [Latin America     [1,746]{.underline}    [1,523]{.underline}   [1,670]{.underline}   [1,535]{.underline}   [1,535]{.underline}   [1,680]{.underline}   [1,680]{.underline}   
  2/]{.underline}                                                                                                                                                               

  EU                 43,237                 42,121                46,089                44,481                44,481                42,079                44,100                

  [Other West. Eur.  [1,509]{.underline}    [1,645]{.underline}   [1,508]{.underline}   [1,537]{.underline}   [1,537]{.underline}   [1,537]{.underline}   [1,537]{.underline}   
  3/]{.underline}                                                                                                                                                               

  Former Soviet      23,939                 21,667                23,726                27,160                27,160                27,610                27,610                
  Union                                                                                                                                                                         

  [Eastern Europe    [11,151]{.underline}   [9,960]{.underline}   [8,447]{.underline}   [8,930]{.underline}   [8,930]{.underline}   [8,780]{.underline}   [8,830]{.underline}   
  4/]{.underline}                                                                                                                                                               

  Middle East 5/     19,217                 17,982                16,857                17,395                17,275                17,620                17,500                

  [North Africa      [5,129]{.underline}    [4,497]{.underline}   [3,033]{.underline}   [3,720]{.underline}   [3,720]{.underline}   [3,895]{.underline}   [3,895]{.underline}   
  6/]{.underline}                                                                                                                                                               

  Other Africa 7/    1,702                  1,664                 2,008                 1,860                 1,860                 1,832                 1,832                 

  [South Asia        [2,229]{.underline}    [2,008]{.underline}   [1,864]{.underline}   [1,845]{.underline}   [1,845]{.underline}   [1,920]{.underline}   [1,920]{.underline}   
  8/]{.underline}                                                                                                                                                               

  Other Asia 9/      7,776                  7,692                 7,280                 7,150                 7,150                 7,200                 7,200                 

  [Oceania           [2,582]{.underline}    [2,960]{.underline}   [3,600]{.underline}   [3,850]{.underline}   [3,850]{.underline}   [3,650]{.underline}   [3,650]{.underline}   
  10/]{.underline}                                                                                                                                                              

                                                                                                                                                                                

  **ENDING STOCKS**                                                                                                                                                             

  North America 1/   5,876                  5,317                 4,932                 4,133                 4,133                 3,327                 3,222                 

  [Latin America     [156]{.underline}      [148]{.underline}     [116]{.underline}     [187]{.underline}     [187]{.underline}     [177]{.underline}     [177]{.underline}     
  2/]{.underline}                                                                                                                                                               

  EU                 13,733                 10,471                8,310                 9,635                 9,635                 11,106                10,035                

  [Other West. Eur.  [479]{.underline}      [446]{.underline}     [457]{.underline}     [429]{.underline}     [429]{.underline}     [391]{.underline}     [391]{.underline}     
  3/]{.underline}                                                                                                                                                               

  Former Soviet      1,895                  2,162                 3,571                 7,327                 7,098                 6,996                 7,467                 
  Union                                                                                                                                                                         

  [Eastern Europe    [1,166]{.underline}    [944]{.underline}     [332]{.underline}     [838]{.underline}     [838]{.underline}     [816]{.underline}     [916]{.underline}     
  4/]{.underline}                                                                                                                                                               

  Middle East 5/     3,348                  2,392                 2,830                 2,141                 2,224                 1,832                 1,925                 

  [North Africa      [754]{.underline}      [709]{.underline}     [214]{.underline}     [683]{.underline}     [683]{.underline}     [813]{.underline}     [813]{.underline}     
  6/]{.underline}                                                                                                                                                               

  Other Africa 7/    0                      0                     2                     9                     9                     4                     4                     

  [South Asia        [20]{.underline}       [20]{.underline}      [17]{.underline}      [24]{.underline}      [24]{.underline}      [24]{.underline}      [24]{.underline}      
  8/]{.underline}                                                                                                                                                               

  Other Asia 9/      873                    880                   942                   952                   928                   982                   958                   

  [Oceania           [515]{.underline}      [440]{.underline}     [837]{.underline}     [937]{.underline}     [1,137]{.underline}   [837]{.underline}     [437]{.underline}     
  10/]{.underline}                                                                                                                                                              

                                                                                                                                                                                

                                                                                                                                                                                

  NOTES: Footnotes                                                                                                                                                              
  appear on last                                                                                                                                                                
  page of this                                                                                                                                                                  
  circular. Imports                                                                                                                                                             
  are reported on an                                                                                                                                                            
  international year                                                                                                                                                            
  basis. All other                                                                                                                                                              
  data are reported                                                                                                                                                             
  using marketing                                                                                                                                                               
  years.                                                                                                                                                                        

                                                                                                                                                                                

                                                                                                                                                                                

                                                                                                                                                                                
  ------------------ ---------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **WORLD SORGHUM TRADE**                                                                                                                                                             

  **OCTOBER/SEPTEMBER                                                                                                                                                                 
  YEAR**                                                                                                                                                                              

  **THOUSAND METRIC TONS**                                                                                                                                                            

                                                                                                                                                                                      

                            **1998/99**           **1999/00**           **2000/01**           **2001/02**           **2001/02**           **2002/03**           **2002/03**           

                                                                                              **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **EXPORTS**                                                                                                                                                                         

  Argentina                 519                   671                   566                   450                   400                   300                   300                   

  [Australia]{.underline}   [355]{.underline}     [761]{.underline}     [892]{.underline}     [550]{.underline}     [550]{.underline}     [700]{.underline}     [500]{.underline}     

  China                     17                    18                    19                    20                    20                    20                    20                    

  [Sudan]{.underline}       [167]{.underline}     [162]{.underline}     [10]{.underline}      [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       

  Others                    173                   119                   93                    112                   112                   45                    45                    

  Subtotal                  1,231                 1,731                 1,580                 1,132                 1,082                 1,065                 865                   

                                                                                                                                                                                      

  United States             5,194                 6,297                 5,866                 6,100                 6,000                 5,600                 5,600                 

                                                                                                                                                                                      

  WORLD TOTAL               6,425                 8,028                 7,446                 7,232                 7,082                 6,665                 6,465                 

                                                                                                                                                                                      

  **IMPORTS**                                                                                                                                                                         

  Brazil                    21                    258                   141                   150                   150                   300                   300                   

  [Israel]{.underline}      [92]{.underline}      [180]{.underline}     [83]{.underline}      [50]{.underline}      [50]{.underline}      [50]{.underline}      [50]{.underline}      

  Japan                     2,453                 2,206                 1,983                 1,900                 1,800                 1,800                 1,600                 

  [Mexico]{.underline}      [3,291]{.underline}   [4,773]{.underline}   [4,892]{.underline}   [4,800]{.underline}   [4,700]{.underline}   [4,200]{.underline}   [4,200]{.underline}   

  Sudan                     0                     0                     10                    20                    20                    0                     0                     

  [Taiwan]{.underline}      [29]{.underline}      [41]{.underline}      [38]{.underline}      [40]{.underline}      [40]{.underline}      [60]{.underline}      [60]{.underline}      

  EU                        299                   300                   9                     50                    50                    50                    50                    

                                                                                                                                                                                      

  Subtotal                  6,185                 7,758                 7,156                 7,010                 6,810                 6,460                 6,260                 

                                                                                                                                                                                      

  Other Countries           207                   182                   97                    175                   175                   95                    95                    

  Unaccounted               33                    88                    193                   47                    97                    110                   110                   

                                                                                                                                                                                      

  WORLD TOTAL               6,425                 8,028                 7,446                 7,232                 7,082                 6,665                 6,465                 

                                                                                                                                                                                      

                                                                                                                                                                                      
  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **WORLD SORGHUM                                                                                                                                                                     
  PRODUCTION, CONSUMPTION,                                                                                                                                                            
  AND STOCKS**                                                                                                                                                                        

  **LOCAL MARKETING YEARS**                                                                                                                                                           

  **THOUSAND METRIC TONS**                                                                                                                                                            

                                                                                                                                                                                      

                            **1998/99**           **1999/00**           **2000/01**           **2001/02**           **2001/02**           **2002/03**           **2002/03**           

                                                                                              **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **PRODUCTION**                                                                                                                                                                      

  Argentina                 3,222                 3,350                 2,706                 2,750                 2,750                 2,500                 2,500                 

  [Australia]{.underline}   [1,891]{.underline}   [2,116]{.underline}   [2,109]{.underline}   [1,777]{.underline}   [1,777]{.underline}   [2,200]{.underline}   [2,200]{.underline}   

  Burkina                   1,300                 1,000                 1,000                 1,200                 1,200                 1,200                 1,200                 

  [China]{.underline}       [4,087]{.underline}   [3,242]{.underline}   [2,582]{.underline}   [2,940]{.underline}   [2,700]{.underline}   [3,000]{.underline}   [2,800]{.underline}   

  Egypt                     765                   750                   750                   750                   750                   750                   750                   

  [Ethiopia]{.underline}    [1,200]{.underline}   [1,450]{.underline}   [1,800]{.underline}   [1,850]{.underline}   [1,850]{.underline}   [1,850]{.underline}   [1,700]{.underline}   

  India                     8,710                 8,860                 7,716                 7,500                 8,390                 8,000                 8,000                 

  [Mexico]{.underline}      [6,400]{.underline}   [6,394]{.underline}   [5,665]{.underline}   [6,500]{.underline}   [6,500]{.underline}   [6,850]{.underline}   [6,850]{.underline}   

  Niger                     700                   485                   400                   650                   650                   650                   650                   

  [Nigeria]{.underline}     [7,300]{.underline}   [7,500]{.underline}   [7,800]{.underline}   [7,800]{.underline}   [7,800]{.underline}   [7,800]{.underline}   [7,850]{.underline}   

  Sudan                     4,830                 2,350                 2,570                 3,770                 3,500                 3,770                 4,350                 

  [Tanzania; United         [590]{.underline}     [560]{.underline}     [335]{.underline}     [400]{.underline}     [550]{.underline}     [400]{.underline}     [500]{.underline}     
  Republic of]{.underline}                                                                                                                                                            

  Venezuela                 370                   460                   390                   390                   390                   390                   390                   

  [EU]{.underline}          [663]{.underline}     [557]{.underline}     [640]{.underline}     [640]{.underline}     [640]{.underline}     [625]{.underline}     [625]{.underline}     

  Others                    4,670                 4,470                 4,607                 4,539                 4,574                 4,549                 4,614                 

  Subtotal                  46,698                43,544                41,070                43,456                44,021                44,534                44,979                

                                                                                                                                                                                      

  United States             13,207                15,118                11,952                13,070                13,070                9,761                 9,827                 

                                                                                                                                                                                      

  WORLD TOTAL               59,905                58,662                53,022                56,526                57,091                54,295                54,806                

                                                                                                                                                                                      
  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **CONSUMPTION**                                                                                                                                                                     

  Argentina                 2,550                 2,500                 2,480                 2,300                 2,300                 2,200                 2,200                 

  [Australia]{.underline}   [1,381]{.underline}   [1,326]{.underline}   [1,475]{.underline}   [1,300]{.underline}   [1,300]{.underline}   [1,400]{.underline}   [1,600]{.underline}   

  Burkina                   1,300                 1,000                 1,000                 1,200                 1,200                 1,200                 1,200                 

  [China]{.underline}       [4,134]{.underline}   [3,319]{.underline}   [2,561]{.underline}   [2,900]{.underline}   [2,700]{.underline}   [2,950]{.underline}   [2,750]{.underline}   

  Egypt                     765                   750                   750                   750                   750                   750                   750                   

  [Ethiopia]{.underline}    [1,200]{.underline}   [1,500]{.underline}   [1,824]{.underline}   [1,850]{.underline}   [1,850]{.underline}   [1,850]{.underline}   [1,700]{.underline}   

  India                     8,690                 8,850                 7,716                 7,500                 8,300                 8,000                 8,100                 

  [Japan]{.underline}       [2,500]{.underline}   [2,200]{.underline}   [2,045]{.underline}   [1,900]{.underline}   [1,800]{.underline}   [1,800]{.underline}   [1,600]{.underline}   

  Mexico                    9,746                 11,100                11,050                11,300                11,200                11,200                11,200                

  [Niger]{.underline}       [700]{.underline}     [485]{.underline}     [400]{.underline}     [650]{.underline}     [650]{.underline}     [650]{.underline}     [650]{.underline}     

  Nigeria                   7,318                 7,500                 7,800                 7,800                 7,800                 7,800                 7,850                 

  [Sudan]{.underline}       [4,200]{.underline}   [2,625]{.underline}   [2,550]{.underline}   [3,725]{.underline}   [3,500]{.underline}   [3,700]{.underline}   [4,000]{.underline}   

  Venezuela                 330                   455                   390                   390                   390                   390                   390                   

  [Others]{.underline}      [6,395]{.underline}   [7,037]{.underline}   [5,768]{.underline}   [5,965]{.underline}   [6,300]{.underline}   [6,292]{.underline}   [6,457]{.underline}   

  Subtotal                  51,209                50,647                47,809                49,530                50,040                50,182                50,447                

                                                                                                                                                                                      

  United States             7,798                 8,628                 6,543                 6,606                 6,527                 4,573                 4,573                 

                                                                                                                                                                                      

  WORLD TOTAL               59,007                59,275                54,352                56,136                56,567                54,755                55,020                

                                                                                                                                                                                      

  **ENDING STOCKS**                                                                                                                                                                   

  Argentina                 728                   659                   446                   396                   446                   396                   446                   

  [Japan]{.underline}       [346]{.underline}     [352]{.underline}     [290]{.underline}     [290]{.underline}     [290]{.underline}     [290]{.underline}     [290]{.underline}     

  Mexico                    1,214                 1,281                 788                   788                   788                   638                   638                   

  [Others]{.underline}      [1,467]{.underline}   [844]{.underline}     [882]{.underline}     [919]{.underline}     [959]{.underline}     [1,009]{.underline}   [1,229]{.underline}   

  Subtotal                  3,755                 3,136                 2,406                 2,393                 2,483                 2,333                 2,603                 

                                                                                                                                                                                      

  United States             1,655                 1,661                 1,061                 1,429                 1,508                 1,029                 1,174                 

                                                                                                                                                                                      

  WORLD TOTAL               5,410                 4,797                 3,467                 3,822                 3,991                 3,362                 3,777                 

                                                                                                                                                                                      

                                                                                                                                                                                      
  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **REGIONAL SORGHUM                                                                                                                                                           
  IMPORTS,                                                                                                                                                                     
  PRODUCTION,                                                                                                                                                                  
  CONSUMPTION, AND                                                                                                                                                             
  STOCKS**                                                                                                                                                                     

  **THOUSAND METRIC                                                                                                                                                            
  TONS**                                                                                                                                                                       

                                                                                                                                                                               

                                                                                                                                                                               

                     **1998/99**           **1999/00**           **2000/01**           **2001/02**           **2001/02**           **2002/03**           **2002/03**           

                                                                                       **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **IMPORTS**                                                                                                                                                                  

  North America 1/   3,291                 4,773                 4,892                 4,800                 4,700                 4,200                 4,200                 

  [Latin America     [56]{.underline}      [299]{.underline}     [148]{.underline}     [160]{.underline}     [160]{.underline}     [310]{.underline}     [310]{.underline}     
  2/]{.underline}                                                                                                                                                              

  EU                 299                   300                   9                     50                    50                    50                    50                    

  [Other West. Eur.  [23]{.underline}      [50]{.underline}      [40]{.underline}      [40]{.underline}      [40]{.underline}      [40]{.underline}      [40]{.underline}      
  3/]{.underline}                                                                                                                                                              

  Former Soviet      0                     0                     0                     0                     0                     0                     0                     
  Union                                                                                                                                                                        

  [Eastern Europe    [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     92                    180                   83                    50                    50                    50                    50                    

  [North Africa      [112]{.underline}     [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    35                    86                    34                    140                   140                   40                    40                    

  [South Asia        [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      2,484                 2,252                 2,047                 1,945                 1,845                 1,865                 1,665                 

  [Oceania           [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               

  **PRODUCTION**                                                                                                                                                               

  North America 1/   19,607                21,512                17,617                19,570                19,570                16,611                16,677                

  [Latin America     [4,951]{.underline}   [4,885]{.underline}   [4,459]{.underline}   [4,426]{.underline}   [4,426]{.underline}   [4,182]{.underline}   [4,182]{.underline}   
  2/]{.underline}                                                                                                                                                              

  EU                 663                   557                   640                   640                   640                   625                   625                   

  [Other West. Eur.  [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  3/]{.underline}                                                                                                                                                              

  Former Soviet      0                     0                     0                     0                     0                     0                     0                     
  Union                                                                                                                                                                        

  [Eastern Europe    [5]{.underline}       [5]{.underline}       [5]{.underline}       [5]{.underline}       [5]{.underline}       [5]{.underline}       [5]{.underline}       
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     600                   585                   585                   585                   585                   585                   585                   

  [North Africa      [780]{.underline}     [765]{.underline}     [765]{.underline}     [765]{.underline}     [765]{.underline}     [765]{.underline}     [765]{.underline}     
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    18,001                15,533                15,898                17,697                17,602                17,701                18,321                

  [South Asia        [8,938]{.underline}   [9,090]{.underline}   [7,946]{.underline}   [7,730]{.underline}   [8,620]{.underline}   [8,230]{.underline}   [8,230]{.underline}   
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      4,349                 3,504                 2,843                 3,201                 2,961                 3,261                 3,061                 

  [Oceania           [1,891]{.underline}   [2,116]{.underline}   [2,109]{.underline}   [1,777]{.underline}   [1,777]{.underline}   [2,200]{.underline}   [2,200]{.underline}   
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               
  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **CONSUMPTION**                                                                                                                                                              

  North America 1/   17,544                19,728                17,593                17,906                17,727                15,773                15,773                

  [Latin America     [4,293]{.underline}   [4,457]{.underline}   [4,190]{.underline}   [4,286]{.underline}   [4,286]{.underline}   [4,042]{.underline}   [4,042]{.underline}   
  2/]{.underline}                                                                                                                                                              

  EU                 873                   750                   640                   873                   675                   680                   680                   

  [Other West. Eur.  [23]{.underline}      [50]{.underline}      [40]{.underline}      [40]{.underline}      [40]{.underline}      [40]{.underline}      [40]{.underline}      
  3/]{.underline}                                                                                                                                                              

  Former Soviet      0                     0                     0                     0                     0                     0                     0                     
  Union                                                                                                                                                                        

  [Eastern Europe    [5]{.underline}       [5]{.underline}       [5]{.underline}       [5]{.underline}       [5]{.underline}       [5]{.underline}       [5]{.underline}       
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     692                   765                   668                   635                   635                   635                   635                   

  [North Africa      [892]{.underline}     [765]{.underline}     [765]{.underline}     [765]{.underline}     [765]{.underline}     [765]{.underline}     [765]{.underline}     
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    17,419                15,817                15,863                17,742                17,692                17,651                17,991                

  [South Asia        [8,918]{.underline}   [9,080]{.underline}   [7,946]{.underline}   [7,730]{.underline}   [8,530]{.underline}   [8,230]{.underline}   [8,330]{.underline}   
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      6,920                 5,827                 4,896                 5,096                 4,796                 5,076                 4,676                 

  [Oceania           [1,381]{.underline}   [1,326]{.underline}   [1,475]{.underline}   [1,300]{.underline}   [1,300]{.underline}   [1,400]{.underline}   [1,600]{.underline}   
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               

  **ENDING STOCKS**                                                                                                                                                            

  North America 1/   2,869                 2,942                 1,849                 2,217                 2,296                 1,667                 1,812                 

  [Latin America     [792]{.underline}     [724]{.underline}     [500]{.underline}     [450]{.underline}     [500]{.underline}     [450]{.underline}     [500]{.underline}     
  2/]{.underline}                                                                                                                                                              

  EU                 46                    40                    39                    49                    49                    39                    39                    

  [Other West. Eur.  [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  3/]{.underline}                                                                                                                                                              

  Former Soviet      0                     0                     0                     0                     0                     0                     0                     
  Union                                                                                                                                                                        

  [Eastern Europe    [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     13                    13                    13                    13                    13                    13                    13                    

  [North Africa      [40]{.underline}      [40]{.underline}      [40]{.underline}      [40]{.underline}      [40]{.underline}      [40]{.underline}      [40]{.underline}      
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    793                   320                   340                   370                   360                   440                   710                   

  [South Asia        [120]{.underline}     [130]{.underline}     [130]{.underline}     [130]{.underline}     [220]{.underline}     [130]{.underline}     [120]{.underline}     
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      577                   488                   450                   470                   430                   500                   460                   

  [Oceania           [160]{.underline}     [100]{.underline}     [106]{.underline}     [83]{.underline}      [83]{.underline}      [83]{.underline}      [83]{.underline}      
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               

  NOTES: Footnotes                                                                                                                                                             
  appear on last                                                                                                                                                               
  page of this                                                                                                                                                                 
  circular. Imports                                                                                                                                                            
  are reported on an                                                                                                                                                           
  international year                                                                                                                                                           
  basis. All other                                                                                                                                                             
  data are reported                                                                                                                                                            
  using marketing                                                                                                                                                              
  years.                                                                                                                                                                       

                                                                                                                                                                               

                                                                                                                                                                               

                                                                                                                                                                               

                                                                                                                                                                               

                                                                                                                                                                               
  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **WORLD OATS TRADE**                                                                                                                                                                

  **OCTOBER/SEPTEMBER                                                                                                                                                                 
  YEAR**                                                                                                                                                                              

  **THOUSAND METRIC TONS**                                                                                                                                                            

                                                                                                                                                                                      

                            **1998/99**           **1999/00**           **2000/01**           **2001/02**           **2001/02**           **2002/03**           **2002/03**           

                                                                                              **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **EXPORTS**                                                                                                                                                                         

  Argentina                 1                     16                    19                    20                    10                    20                    10                    

  [Australia]{.underline}   [241]{.underline}     [158]{.underline}     [86]{.underline}      [150]{.underline}     [150]{.underline}     [150]{.underline}     [150]{.underline}     

  Canada                    1,155                 1,383                 1,402                 850                   850                   950                   950                   

  [EU]{.underline}          [511]{.underline}     [481]{.underline}     [740]{.underline}     [600]{.underline}     [600]{.underline}     [900]{.underline}     [1,000]{.underline}   

  Eastern Europe            25                    0                     5                     20                    15                    35                    35                    

  [Others]{.underline}      [24]{.underline}      [40]{.underline}      [63]{.underline}      [65]{.underline}      [65]{.underline}      [65]{.underline}      [65]{.underline}      

                                                                                                                                                                                      

  Subtotal                  1,957                 2,078                 2,315                 1,705                 1,690                 2,120                 2,210                 

                                                                                                                                                                                      

  United States             24                    20                    33                    35                    35                    25                    25                    

                                                                                                                                                                                      

  WORLD TOTAL               1,981                 2,098                 2,348                 1,740                 1,725                 2,145                 2,235                 

                                                                                                                                                                                      

                                                                                                                                                                                      

                                                                                                                                                                                      

  **IMPORTS**                                                                                                                                                                         

  Canada                    2                     4                     27                    30                    30                    5                     100                   

  [Ecuador]{.underline}     [5]{.underline}       [5]{.underline}       [0]{.underline}       [10]{.underline}      [10]{.underline}      [5]{.underline}       [5]{.underline}       

  Japan                     82                    86                    78                    80                    80                    85                    85                    

  [Mexico]{.underline}      [30]{.underline}      [43]{.underline}      [67]{.underline}      [60]{.underline}      [60]{.underline}      [50]{.underline}      [50]{.underline}      

  Russia                    20                    25                    4                     0                     0                     0                     0                     

  [South                    [0]{.underline}       [0]{.underline}       [24]{.underline}      [30]{.underline}      [30]{.underline}      [30]{.underline}      [30]{.underline}      
  Africa]{.underline}                                                                                                                                                                 

  EU                        9                     33                    25                    10                    10                    10                    10                    

  [O.W. Europe]{.underline} [46]{.underline}      [55]{.underline}      [60]{.underline}      [45]{.underline}      [45]{.underline}      [45]{.underline}      [45]{.underline}      

  Eastern Europe            0                     0                     24                    6                     6                     5                     5                     

  [United                   [1,599]{.underline}   [1,675]{.underline}   [1,825]{.underline}   [1,300]{.underline}   [1,300]{.underline}   [1,750]{.underline}   [1,750]{.underline}   
  States]{.underline}                                                                                                                                                                 

                                                                                                                                                                                      

  Subtotal                  1,793                 1,926                 2,134                 1,571                 1,571                 1,985                 2,080                 

                                                                                                                                                                                      

  Other Countries           51                    38                    49                    40                    40                    40                    40                    

  Unaccounted               137                   134                   165                   129                   114                   120                   115                   

                                                                                                                                                                                      

  WORLD TOTAL               1,981                 2,098                 2,348                 1,740                 1,725                 2,145                 2,235                 

                                                                                                                                                                                      
  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **WORLD OATS PRODUCTION,                                                                                                                                                            
  CONSUMPTION, AND STOCKS**                                                                                                                                                           

  **LOCAL MARKETING YEARS**                                                                                                                                                           

  **THOUSAND METRIC TONS**                                                                                                                                                            

                                                                                                                                                                                      

                            **1998/99**           **1999/00**           **2000/01**           **2001/02**           **2001/02**           **2002/03**           **2002/03**           

                                                                                              **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **PRODUCTION**                                                                                                                                                                      

  Argentina                 383                   555                   642                   678                   678                   580                   580                   

  [Australia]{.underline}   [1,798]{.underline}   [1,118]{.underline}   [1,131]{.underline}   [1,222]{.underline}   [1,222]{.underline}   [1,275]{.underline}   [1,275]{.underline}   

  Brazil                    250                   250                   330                   330                   330                   330                   330                   

  [Belarus]{.underline}     [501]{.underline}     [368]{.underline}     [520]{.underline}     [600]{.underline}     [600]{.underline}     [450]{.underline}     [450]{.underline}     

  Canada                    3,958                 3,641                 3,389                 2,691                 2,691                 3,100                 2,900                 

  [Chile]{.underline}       [201]{.underline}     [248]{.underline}     [345]{.underline}     [280]{.underline}     [280]{.underline}     [285]{.underline}     [285]{.underline}     

  China                     650                   600                   600                   600                   600                   600                   600                   

  [Hungary]{.underline}     [132]{.underline}     [175]{.underline}     [100]{.underline}     [150]{.underline}     [150]{.underline}     [150]{.underline}     [150]{.underline}     

  Kazakstan                 75                    200                   80                    218                   218                   100                   100                   

  [Mexico]{.underline}      [100]{.underline}     [100]{.underline}     [100]{.underline}     [100]{.underline}     [100]{.underline}     [100]{.underline}     [100]{.underline}     

  Poland                    1,460                 1,446                 1,070                 1,305                 1,305                 1,320                 1,400                 

  [Romania]{.underline}     [350]{.underline}     [375]{.underline}     [350]{.underline}     [350]{.underline}     [350]{.underline}     [350]{.underline}     [350]{.underline}     

  Russia                    4,600                 4,400                 6,000                 7,700                 7,700                 6,000                 6,000                 

  [Turkey]{.underline}      [310]{.underline}     [250]{.underline}     [250]{.underline}     [250]{.underline}     [250]{.underline}     [250]{.underline}     [250]{.underline}     

  Ukraine                   778                   760                   881                   1,100                 1,100                 1,000                 1,000                 

  [EU]{.underline}          [6,147]{.underline}   [6,059]{.underline}   [6,847]{.underline}   [6,298]{.underline}   [6,298]{.underline}   [6,750]{.underline}   [7,000]{.underline}   

  O.W. Europe               431                   447                   447                   447                   447                   447                   447                   

  [Others]{.underline}      [1,177]{.underline}   [986]{.underline}     [935]{.underline}     [990]{.underline}     [990]{.underline}     [1,053]{.underline}   [1,023]{.underline}   

  Subtotal                  23,301                21,978                24,017                25,309                25,309                24,140                24,240                

                                                                                                                                                                                      

  United States             2,409                 2,122                 2,171                 1,696                 1,699                 2,070                 1,729                 

                                                                                                                                                                                      

  WORLD TOTAL               25,710                24,100                26,188                27,005                27,008                26,210                25,969                

                                                                                                                                                                                      

                                                                                                                                                                                      

  **CONSUMPTION**                                                                                                                                                                     

  Argentina                 385                   500                   650                   650                   650                   600                   600                   

  [Australia]{.underline}   [1,548]{.underline}   [982]{.underline}     [1,046]{.underline}   [1,125]{.underline}   [1,125]{.underline}   [1,100]{.underline}   [1,100]{.underline}   

  Brazil                    250                   257                   345                   345                   345                   345                   345                   

  [Canada]{.underline}      [2,553]{.underline}   [2,263]{.underline}   [2,158]{.underline}   [2,140]{.underline}   [2,136]{.underline}   [2,150]{.underline}   [2,045]{.underline}   

  Chile                     203                   225                   325                   250                   250                   300                   300                   

  [China]{.underline}       [600]{.underline}     [600]{.underline}     [600]{.underline}     [602]{.underline}     [602]{.underline}     [600]{.underline}     [600]{.underline}     

  Hungary                   132                   175                   100                   125                   125                   125                   125                   

  [Kazakstan]{.underline}   [55]{.underline}      [180]{.underline}     [79]{.underline}      [200]{.underline}     [200]{.underline}     [95]{.underline}      [95]{.underline}      

  Mexico                    130                   143                   170                   160                   160                   150                   150                   

  [Poland]{.underline}      [1,435]{.underline}   [1,446]{.underline}   [1,075]{.underline}   [1,250]{.underline}   [1,250]{.underline}   [1,325]{.underline}   [1,405]{.underline}   

  Romania                   350                   375                   350                   350                   350                   350                   350                   

  [Russia]{.underline}      [5,570]{.underline}   [5,378]{.underline}   [5,525]{.underline}   [7,100]{.underline}   [7,100]{.underline}   [6,400]{.underline}   [6,400]{.underline}   

  Ukraine                   890                   720                   840                   1,040                 1,040                 950                   950                   

  [EU]{.underline}          [5,684]{.underline}   [5,568]{.underline}   [6,289]{.underline}   [5,651]{.underline}   [5,651]{.underline}   [5,749]{.underline}   [5,749]{.underline}   

  O.W. Europe               486                   505                   505                   495                   495                   530                   530                   

  [Others]{.underline}      [2,196]{.underline}   [1,808]{.underline}   [1,970]{.underline}   [1,873]{.underline}   [1,860]{.underline}   [2,098]{.underline}   [2,143]{.underline}   

  Subtotal                  22,467                21,125                22,027                23,356                23,339                22,867                22,887                

                                                                                                                                                                                      

  United States             4,133                 3,872                 4,021                 3,448                 3,451                 3,858                 3,494                 

                                                                                                                                                                                      

  WORLD TOTAL               26,600                24,997                26,048                26,804                26,790                26,725                26,381                

                                                                                                                                                                                      

  **ENDING STOCKS**         0                     0                     0                     0                     0                     0                     0                     

  [Australia]{.underline}   [216]{.underline}     [217]{.underline}     [216]{.underline}     163                   [163]{.underline}     [188]{.underline}     [188]{.underline}     

  Canada                    1,088                 1,122                 854                   365                   365                   370                   370                   

  [Russia]{.underline}      [1,053]{.underline}   [100]{.underline}     [579]{.underline}     [1,179]{.underline}   [1,179]{.underline}   [779]{.underline}     [779]{.underline}     

  EU                        723                   758                   709                   866                   866                   927                   1,027                 

  [Others]{.underline}      [426]{.underline}     [489]{.underline}     [516]{.underline}     [641]{.underline}     [658]{.underline}     [528]{.underline}     [525]{.underline}     

  Subtotal                  3,506                 2,686                 2,874                 3,214                 3,231                 2,792                 2,889                 

                                                                                                                                                                                      

  United States             1,181                 1,104                 1,056                 917                   917                   824                   847                   

                                                                                                                                                                                      

  WORLD TOTAL               4,687                 3,790                 3,930                 4,131                 4,148                 3,616                 3,736                 

                                                                                                                                                                                      

                                                                                                                                                                                      
  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **REGIONAL OAT                                                                                                                                                               
  IMPORTS,                                                                                                                                                                     
  PRODUCTION,                                                                                                                                                                  
  CONSUMPTION, AND                                                                                                                                                             
  STOCKS**                                                                                                                                                                     

  **THOUSAND METRIC                                                                                                                                                            
  TONS**                                                                                                                                                                       

                                                                                                                                                                               

                                                                                                                                                                               

                     **1998/99**           **1999/00**           **2000/01**           **2001/02**           **2001/02**           **2002/03**           **2002/03**           

                                                                                       **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **IMPORTS**                                                                                                                                                                  

  North America 1/   1,631                 1,722                 1,919                 1,390                 1,390                 1,805                 1,900                 

  [Latin America     [20]{.underline}      [23]{.underline}      [23]{.underline}      [35]{.underline}      [35]{.underline}      [30]{.underline}      [30]{.underline}      
  2/]{.underline}                                                                                                                                                              

  EU                 9                     33                    25                    10                    10                    10                    10                    

  [Other West. Eur.  [46]{.underline}      [55]{.underline}      [60]{.underline}      [45]{.underline}      [45]{.underline}      [45]{.underline}      [45]{.underline}      
  3/]{.underline}                                                                                                                                                              

  Former Soviet      20                    40                    15                    0                     0                     0                     0                     
  Union                                                                                                                                                                        

  [Eastern Europe    [0]{.underline}       [0]{.underline}       [24]{.underline}      [6]{.underline}       [6]{.underline}       [5]{.underline}       [5]{.underline}       
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     0                     0                     6                     5                     5                     5                     5                     

  [North Africa      [34]{.underline}      [5]{.underline}       [9]{.underline}       [8]{.underline}       [8]{.underline}       [10]{.underline}      [10]{.underline}      
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    0                     0                     24                    30                    30                    30                    30                    

  [South Asia        [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      82                    86                    78                    82                    82                    85                    85                    

  [Oceania           [2]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               

  **PRODUCTION**                                                                                                                                                               

  North America 1/   6,467                 5,863                 5,660                 4,487                 4,490                 5,270                 4,729                 

  [Latin America     [869]{.underline}     [1,088]{.underline}   [1,352]{.underline}   [1,323]{.underline}   [1,323]{.underline}   [1,230]{.underline}   [1,230]{.underline}   
  2/]{.underline}                                                                                                                                                              

  EU                 6,147                 6,059                 6,847                 6,298                 6,298                 6,750                 7,000                 

  [Other West. Eur.  [431]{.underline}     [447]{.underline}     [447]{.underline}     [447]{.underline}     [447]{.underline}     [447]{.underline}     [447]{.underline}     
  3/]{.underline}                                                                                                                                                              

  Former Soviet      6,289                 5,948                 7,775                 9,871                 9,871                 7,806                 7,806                 
  Union                                                                                                                                                                        

  [Eastern Europe    [2,497]{.underline}   [2,535]{.underline}   [1,966]{.underline}   [2,312]{.underline}   [2,312]{.underline}   [2,380]{.underline}   [2,430]{.underline}   
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     310                   250                   250                   250                   250                   250                   250                   

  [North Africa      [130]{.underline}     [70]{.underline}      [38]{.underline}      [74]{.underline}      [74]{.underline}      [80]{.underline}      [80]{.underline}      
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    45                    45                    45                    45                    45                    45                    45                    

  [South Asia        [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      652                   602                   602                   601                   601                   602                   602                   

  [Oceania           [1,873]{.underline}   [1,193]{.underline}   [1,206]{.underline}   [1,297]{.underline}   [1,297]{.underline}   [1,350]{.underline}   [1,350]{.underline}   
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               
  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **CONSUMPTION**                                                                                                                                                              

  North America 1/   6,816                 6,278                 6,349                 5,748                 5,747                 6,158                 5,689                 

  [Latin America     [888]{.underline}     [1,033]{.underline}   [1,361]{.underline}   [1,300]{.underline}   [1,300]{.underline}   [1,295]{.underline}   [1,295]{.underline}   
  2/]{.underline}                                                                                                                                                              

  EU                 5,684                 5,568                 6,289                 5,651                 5,651                 5,749                 5,749                 

  [Other West. Eur.  [486]{.underline}     [505]{.underline}     [505]{.underline}     [495]{.underline}     [495]{.underline}     [530]{.underline}     [530]{.underline}     
  3/]{.underline}                                                                                                                                                              

  Former Soviet      7,351                 6,879                 7,238                 9,193                 9,193                 8,143                 8,143                 
  Union                                                                                                                                                                        

  [Eastern Europe    [2,482]{.underline}   [2,545]{.underline}   [1,963]{.underline}   [2,213]{.underline}   [2,213]{.underline}   [2,365]{.underline}   [2,445]{.underline}   
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     310                   250                   250                   250                   250                   260                   260                   

  [North Africa      [164]{.underline}     [75]{.underline}      [46]{.underline}      [81]{.underline}      [81]{.underline}      [90]{.underline}      [90]{.underline}      
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    45                    45                    69                    75                    75                    75                    75                    

  [South Asia        [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      686                   685                   680                   686                   686                   685                   685                   

  [Oceania           [1,623]{.underline}   [1,057]{.underline}   [1,121]{.underline}   [1,200]{.underline}   [1,200]{.underline}   [1,175]{.underline}   [1,175]{.underline}   
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               

  **ENDING STOCKS**                                                                                                                                                            

  North America 1/   2,276                 2,233                 1,913                 1,285                 1,285                 1,197                 1,220                 

  [Latin America     [73]{.underline}      [130]{.underline}     [113]{.underline}     [141]{.underline}     [151]{.underline}     [76]{.underline}      [96]{.underline}      
  2/]{.underline}                                                                                                                                                              

  EU                 723                   758                   709                   866                   866                   927                   1,027                 

  [Other West. Eur.  [136]{.underline}     [133]{.underline}     [123]{.underline}     [120]{.underline}     [120]{.underline}     [82]{.underline}      [82]{.underline}      
  3/]{.underline}                                                                                                                                                              

  Former Soviet      1,098                 161                   669                   1,282                 1,282                 890                   890                   
  Union                                                                                                                                                                        

  [Eastern Europe    [57]{.underline}      [47]{.underline}      [75]{.underline}      [160]{.underline}     [167]{.underline}     [145]{.underline}     [122]{.underline}     
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     0                     0                     0                     5                     5                     0                     0                     

  [North Africa      [0]{.underline}       [0]{.underline}       [1]{.underline}       [1]{.underline}       [1]{.underline}       [1]{.underline}       [1]{.underline}       
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    0                     0                     0                     0                     0                     0                     0                     

  [South Asia        [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      108                   111                   111                   108                   108                   110                   110                   

  [Oceania           [216]{.underline}     [217]{.underline}     [216]{.underline}     [163]{.underline}     [163]{.underline}     [188]{.underline}     [188]{.underline}     
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               

  NOTES: Footnotes                                                                                                                                                             
  appear on last                                                                                                                                                               
  page of this                                                                                                                                                                 
  circular. Imports                                                                                                                                                            
  are reported on an                                                                                                                                                           
  international year                                                                                                                                                           
  basis. All other                                                                                                                                                             
  data are reported                                                                                                                                                            
  using marketing                                                                                                                                                              
  years.                                                                                                                                                                       

                                                                                                                                                                               

                                                                                                                                                                               
  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ---------------------- --------------------- --------------------- ------------------- ------------------- ------------------- ------------------- ------------------- --
  **WORLD RYE TRADE**                                                                                                                                                    

  **OCTOBER/SEPTEMBER                                                                                                                                                    
  YEAR**                                                                                                                                                                 

  **THOUSAND METRIC                                                                                                                                                      
  TONS**                                                                                                                                                                 

                                                                                                                                                                         

                         **1998/99**           **1999/00**           **2000/01**         **2001/02**         **2001/02**         **2002/03**         **2002/03**         

                                                                                         **12-Sep**          **11-Oct**          **12-Sep**          **11-Oct**          

  **EXPORTS**                                                                                                                                                            

  Canada                 77                    78                    87                  60                  60                  25                  25                  

  [Russia]{.underline}   [0]{.underline}       [0]{.underline}       [0]{.underline}     [5]{.underline}     [5]{.underline}     [5]{.underline}     [5]{.underline}     

  Ukraine                278                   73                    1                   300                 300                 200                 200                 

  [EU]{.underline}       [1,161]{.underline}   [2,144]{.underline}   [940]{.underline}   [750]{.underline}   [750]{.underline}   [900]{.underline}   [975]{.underline}   

  Eastern Europe         104                   25                    2                   10                  10                  25                  0                   

  [Others]{.underline}   [53]{.underline}      [0]{.underline}       [57]{.underline}    [25]{.underline}    [25]{.underline}    [0]{.underline}     [0]{.underline}     

                                                                                                                                                                         

  Subtotal               1,673                 2,320                 1,087               1,150               1,150               1,155               1,205               

                                                                                                                                                                         

  United States          2                     10                    8                   4                   4                   4                   4                   

                                                                                                                                                                         

  WORLD TOTAL            1,675                 2,330                 1,095               1,154               1,154               1,159               1,209               

                                                                                                                                                                         

  **IMPORTS**                                                                                                                                                            

  Belarus                93                    220                   10                  10                  10                  100                 100                 

  [China]{.underline}    [367]{.underline}     [25]{.underline}      [0]{.underline}     [5]{.underline}     [5]{.underline}     [5]{.underline}     [5]{.underline}     

  Japan                  391                   397                   337                 350                 350                 400                 400                 

  [Korea,                [175]{.underline}     [476]{.underline}     [57]{.underline}    [125]{.underline}   [125]{.underline}   [200]{.underline}   [200]{.underline}   
  South]{.underline}                                                                                                                                                     

  Russia                 306                   416                   63                  0                   0                   0                   0                   

  [EU]{.underline}       [2]{.underline}       [0]{.underline}       [1]{.underline}     [300]{.underline}   [300]{.underline}   [5]{.underline}     [5]{.underline}     

  Eastern Europe         8                     323                   420                 75                  75                  150                 200                 

  [United                [75]{.underline}      [76]{.underline}      [81]{.underline}    [120]{.underline}   [120]{.underline}   [125]{.underline}   [150]{.underline}   
  States]{.underline}                                                                                                                                                    

                                                                                                                                                                         

  Subtotal               1,417                 1,933                 969                 985                 985                 985                 1,060               

                                                                                                                                                                         

  Other Countries        42                    254                   99                  116                 116                 96                  96                  

  Unaccounted            216                   143                   27                  53                  53                  78                  53                  

                                                                                                                                                                         

  WORLD TOTAL            1,675                 2,330                 1,095               1,154               1,154               1,159               1,209               

                                                                                                                                                                         

                                                                                                                                                                         
  ---------------------- --------------------- --------------------- ------------------- ------------------- ------------------- ------------------- ------------------- --

  ---------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **WORLD RYE                                                                                                                                                                      
  PRODUCTION,                                                                                                                                                                      
  CONSUMPTION, AND                                                                                                                                                                 
  STOCKS**                                                                                                                                                                         

  **LOCAL MARKETING                                                                                                                                                                
  YEARS**                                                                                                                                                                          

  **THOUSAND METRIC                                                                                                                                                                
  TONS**                                                                                                                                                                           

                                                                                                                                                                                   

                         **1998/99**           **1999/00**           **2000/01**           **2001/02**           **2001/02**           **2002/03**           **2002/03**           

                                                                                           **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **PRODUCTION**                                                                                                                                                                   

  Belarus                1,384                 929                   1,450                 1,600                 1,600                 1,700                 1,700                 

  [Canada]{.underline}   [398]{.underline}     [387]{.underline}     [260]{.underline}     [228]{.underline}     [228]{.underline}     [130]{.underline}     [130]{.underline}     

  Czech Republic         261                   200                   150                   154                   154                   148                   125                   

  [Latvia]{.underline}   [120]{.underline}     [89]{.underline}      [111]{.underline}     [100]{.underline}     [107]{.underline}     [110]{.underline}     [110]{.underline}     

  Lithuania              349                   261                   311                   234                   234                   234                   234                   

  [Poland]{.underline}   [5,664]{.underline}   [5,181]{.underline}   [4,003]{.underline}   [4,863]{.underline}   [4,863]{.underline}   [4,200]{.underline}   [4,000]{.underline}   

  Russia                 3,300                 4,800                 5,450                 6,600                 6,600                 7,000                 7,000                 

  [Turkey]{.underline}   [237]{.underline}     [250]{.underline}     [250]{.underline}     [250]{.underline}     [250]{.underline}     [250]{.underline}     [250]{.underline}     

  Ukraine                1,140                 919                   966                   1,800                 1,800                 1,400                 1,400                 

  [EU]{.underline}       [6,345]{.underline}   [5,488]{.underline}   [5,411]{.underline}   [6,276]{.underline}   [6,276]{.underline}   [4,785]{.underline}   [4,760]{.underline}   

  O.W. Europe            36                    31                    31                    31                    31                    31                    31                    

  [Others]{.underline}   [533]{.underline}     [484]{.underline}     [537]{.underline}     [597]{.underline}     [597]{.underline}     [521]{.underline}     [521]{.underline}     

  Subtotal               19,767                19,019                18,930                22,733                22,740                20,509                20,261                

                                                                                                                                                                                   

  United States          309                   280                   213                   177                   177                   191                   177                   

                                                                                                                                                                                   

  WORLD TOTAL            20,076                19,299                19,143                22,910                22,917                20,700                20,438                

                                                                                                                                                                                   
  ---------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --
  **CONSUMPTION**                                                                                                                                                                            

  Belarus                   1,477                  1,149                  1,410                  1,585                  1,585                  1,700                  1,700                  

  [Canada]{.underline}      [228]{.underline}      [310]{.underline}      [270]{.underline}      [201]{.underline}      [201]{.underline}      [114]{.underline}      [114]{.underline}      

  China                     367                    25                     0                      5                      5                      5                      5                      

  [Czech                    [267]{.underline}      [220]{.underline}      [200]{.underline}      [200]{.underline}      [200]{.underline}      [200]{.underline}      [200]{.underline}      
  Republic]{.underline}                                                                                                                                                                      

  Japan                     391                    397                    337                    350                    350                    400                    400                    

  [Korea,                   [175]{.underline}      [476]{.underline}      [57]{.underline}       [125]{.underline}      [125]{.underline}      [200]{.underline}      [200]{.underline}      
  South]{.underline}                                                                                                                                                                         

  Latvia                    150                    89                     110                    100                    107                    110                    110                    

  [Lithuania]{.underline}   [330]{.underline}      [300]{.underline}      [330]{.underline}      [270]{.underline}      [270]{.underline}      [270]{.underline}      [270]{.underline}      

  Poland                    5,704                  5,486                  4,580                  4,700                  4,700                  4,400                  4,275                  

  [Russia]{.underline}      [5,006]{.underline}    [5,264]{.underline}    [5,550]{.underline}    [5,800]{.underline}    [5,800]{.underline}    [6,200]{.underline}    [6,200]{.underline}    

  Turkey                    184                    396                    250                    270                    270                    250                    250                    

  [Ukraine]{.underline}     [1,062]{.underline}    [852]{.underline}      [960]{.underline}      [1,350]{.underline}    [1,350]{.underline}    [1,275]{.underline}    [1,275]{.underline}    

  EU                        3,984                  4,100                  4,320                  4,350                  4,350                  4,650                  4,650                  

  [O.W. Europe]{.underline} [69]{.underline}       [61]{.underline}       [55]{.underline}       [52]{.underline}       [52]{.underline}       [52]{.underline}       [52]{.underline}       

  Others                    512                    644                    793                    646                    646                    649                    624                    

  [Subtotal]{.underline}    [19,906]{.underline}   [19,769]{.underline}   [19,222]{.underline}   [20,004]{.underline}   [20,011]{.underline}   [20,475]{.underline}   [20,325]{.underline}   

                                                                                                                                                                                             

  United States             349                    382                    295                    314                    314                    287                    298                    

                                                                                                                                                                                             

  WORLD TOTAL               20,255                 20,151                 19,517                 20,318                 20,325                 20,762                 20,623                 

                                                                                                                                                                                             

  **ENDING STOCKS**                                                                                                                                                                          

  Canada                    166                    161                    77                     49                     49                     45                     45                     

  [Poland]{.underline}      [405]{.underline}      [375]{.underline}      [169]{.underline}      [357]{.underline}      [357]{.underline}      [232]{.underline}      [232]{.underline}      

  Russia                    200                    200                    293                    1,099                  1,099                  1,894                  1,894                  

  [Ukraine]{.underline}     [200]{.underline}      [100]{.underline}      [122]{.underline}      281                    [281]{.underline}      [211]{.underline}      [211]{.underline}      

  EU                        5,292                  4,621                  4,440                  5,936                  5,936                  5,196                  5,096                  

  [Others]{.underline}      [205]{.underline}      [181]{.underline}      [173]{.underline}      [160]{.underline}      [160]{.underline}      [242]{.underline}      [219]{.underline}      

  Subtotal                  6,468                  5,638                  5,274                  7,882                  7,882                  7,820                  7,697                  

                                                                                                                                                                                             

  United States             62                     40                     30                     14                     14                     14                     14                     

                                                                                                                                                                                             

  WORLD TOTAL               6,530                  5,678                  5,304                  7,896                  7,896                  7,834                  7,711                  

                                                                                                                                                                                             

                                                                                                                                                                                             
  ------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- --

  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **REGIONAL RYE                                                                                                                                                               
  IMPORTS,                                                                                                                                                                     
  PRODUCTION,                                                                                                                                                                  
  CONSUMPTION, AND                                                                                                                                                             
  STOCKS**                                                                                                                                                                     

  **THOUSAND METRIC                                                                                                                                                            
  TONS**                                                                                                                                                                       

                                                                                                                                                                               

                                                                                                                                                                               

                     **1998/99**           **1999/00**           **2000/01**           **2001/02**           **2001/02**           **2002/03**           **2002/03**           

                                                                                       **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **IMPORTS**                                                                                                                                                                  

  North America 1/   76                    81                    86                    125                   125                   130                   155                   

  [Latin America     [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  2/]{.underline}                                                                                                                                                              

  EU                 2                     0                     1                     300                   300                   5                     5                     

  [Other West. Eur.  [33]{.underline}      [30]{.underline}      [24]{.underline}      [21]{.underline}      [21]{.underline}      [21]{.underline}      [21]{.underline}      
  3/]{.underline}                                                                                                                                                              

  Former Soviet      407                   713                   143                   80                    80                    170                   170                   
  Union                                                                                                                                                                        

  [Eastern Europe    [8]{.underline}       [323]{.underline}     [420]{.underline}     [75]{.underline}      [75]{.underline}      [150]{.underline}     [200]{.underline}     
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     0                     142                   0                     20                    20                    0                     0                     

  [North Africa      [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    0                     0                     0                     0                     0                     0                     0                     

  [South Asia        [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      933                   898                   394                   480                   480                   605                   605                   

  [Oceania           [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               

  **PRODUCTION**                                                                                                                                                               

  North America 1/   707                   667                   473                   405                   405                   321                   307                   

  [Latin America     [88]{.underline}      [138]{.underline}     [144]{.underline}     [99]{.underline}      [99]{.underline}      [89]{.underline}      [89]{.underline}      
  2/]{.underline}                                                                                                                                                              

  EU                 6,345                 5,488                 5,411                 6,276                 6,276                 4,785                 4,760                 

  [Other West. Eur.  [36]{.underline}      [31]{.underline}      [31]{.underline}      [31]{.underline}      [31]{.underline}      [31]{.underline}      [31]{.underline}      
  3/]{.underline}                                                                                                                                                              

  Former Soviet      6,373                 7,057                 8,399                 10,450                10,457                10,535                10,535                
  Union                                                                                                                                                                        

  [Eastern Europe    [6,267]{.underline}   [5,645]{.underline}   [4,412]{.underline}   [5,376]{.underline}   [5,376]{.underline}   [4,666]{.underline}   [4,443]{.underline}   
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     237                   250                   250                   250                   250                   250                   250                   

  [North Africa      [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    3                     3                     3                     3                     3                     3                     3                     

  [South Asia        [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      0                     0                     0                     0                     0                     0                     0                     

  [Oceania           [20]{.underline}      [20]{.underline}      [20]{.underline}      [20]{.underline}      [20]{.underline}      [20]{.underline}      [20]{.underline}      
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               
  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --
  **CONSUMPTION**                                                                                                                                                              

  North America 1/   577                   692                   565                   515                   515                   401                   412                   

  [Latin America     [88]{.underline}      [138]{.underline}     [144]{.underline}     [99]{.underline}      [99]{.underline}      [89]{.underline}      [89]{.underline}      
  2/]{.underline}                                                                                                                                                              

  EU                 3,984                 4,100                 4,320                 4,350                 4,350                 4,650                 4,650                 

  [Other West. Eur.  [69]{.underline}      [61]{.underline}      [55]{.underline}      [52]{.underline}      [52]{.underline}      [52]{.underline}      [52]{.underline}      
  3/]{.underline}                                                                                                                                                              

  Former Soviet      8,113                 7,760                 8,514                 9,266                 9,273                 9,691                 9,691                 
  Union                                                                                                                                                                        

  [Eastern Europe    [6,311]{.underline}   [5,973]{.underline}   [5,052]{.underline}   [5,250]{.underline}   [5,250]{.underline}   [4,918]{.underline}   [4,793]{.underline}   
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     184                   396                   250                   270                   270                   250                   250                   

  [North Africa      [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    3                     3                     3                     3                     3                     3                     3                     

  [South Asia        [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      933                   898                   394                   480                   480                   605                   605                   

  [Oceania           [20]{.underline}      [20]{.underline}      [20]{.underline}      [20]{.underline}      [20]{.underline}      [20]{.underline}      [20]{.underline}      
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               

  **ENDING STOCKS**                                                                                                                                                            

  North America 1/   228                   201                   107                   63                    63                    59                    59                    

  [Latin America     [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  2/]{.underline}                                                                                                                                                              

  EU                 5,292                 4,621                 4,440                 5,936                 5,936                 5,196                 5,096                 

  [Other West. Eur.  [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  3/]{.underline}                                                                                                                                                              

  Former Soviet      524                   400                   510                   1,459                 1,459                 2,268                 2,268                 
  Union                                                                                                                                                                        

  [Eastern Europe    [466]{.underline}     [436]{.underline}     [227]{.underline}     [418]{.underline}     [418]{.underline}     [291]{.underline}     [268]{.underline}     
  4/]{.underline}                                                                                                                                                              

  Middle East 5/     0                     0                     0                     0                     0                     0                     0                     

  [North Africa      [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  6/]{.underline}                                                                                                                                                              

  Other Africa 7/    0                     0                     0                     0                     0                     0                     0                     

  [South Asia        [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  8/]{.underline}                                                                                                                                                              

  Other Asia 9/      20                    20                    20                    20                    20                    20                    20                    

  [Oceania           [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       [0]{.underline}       
  10/]{.underline}                                                                                                                                                             

                                                                                                                                                                               

  NOTES: Footnotes                                                                                                                                                             
  appear on last                                                                                                                                                               
  page of this                                                                                                                                                                 
  circular. Imports                                                                                                                                                            
  are reported on an                                                                                                                                                           
  international year                                                                                                                                                           
  basis. All other                                                                                                                                                             
  data are reported                                                                                                                                                            
  using marketing                                                                                                                                                              
  years.                                                                                                                                                                       

                                                                                                                                                                               
  ------------------ --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --

  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- -----
  **WORLD RICE TRADE**                                                                                                                                                                

  **CALENDAR YEAR**                                                                                                                                                                   

  **THOUSAND METRIC TONS**                                                                                                                                                            

                                                                                                                                                                                      

                            **1999**              **2000**              **2001**              **2002**              **2002**              **2003**              **2003**              

                                                                                              **12-Sep**            **11-Oct**            **12-Sep**            **11-Oct**            

  **EXPORTS**                                                                                                                                                                         

  Argentina                 674                   332                   363                   350                   350                   300                   300                   

  [Australia]{.underline}   [667]{.underline}     [617]{.underline}     [618]{.underline}     [400]{.underline}     [400]{.underline}     [500]{.underline}     [500]{.underline}     

  Burma                     57                    159                   670                   1,200                 1,100                 1,500                 1,500                 

  [China]{.underline}       [2,708]{.underline}   [2,951]{.underline}   [1,847]{.underline}   [1,500]{.underline}   [1,500]{.underline}   [2,250]{.underline}   [2,250]{.underline}   

  Egypt                     320                   500                   705                   500                   500                   500                   500                   

  [Guyana]{.underline}      [252]{.underline}     [167]{.underline}     [175]{.underline}     [150]{.underline}     [150]{.underline}     [175]{.underline}     [175]{.underline}     

  India                     2,752                 1,449                 1,936                 5,500                 6,500                 4,000                 4,000                 

  [Pakistan]{.underline}    [1,838]{.underline}   [2,026]{.underline}   [2,417]{.underline}   [1,250]{.underline}   [1,500]{.underline}   [800]{.underline}     [1,000]{.underline}   

  Thailand                  6,679                 6,549                 7,521                 7,000                 6,500                 7,500                 7,500                 

  [Uruguay]{.underline}     [681]{.underline}     [642]{.underline}     [806]{.underline}     [650]{.underline}     [600]{.underline}     [650]{.underline}     [650]{.underline}     

  Vietnam                   4,555                 3,370                 3,528                 2,800                 2,800                 3,500                 3,800                 

  [EU]{.underline}          [348]{.underline}     [308]{.underline}     [264]{.underline}     [275]{.underline}     [275]{.underline}     [325]{.underline}     [325]{.underline}     

  Others                    766                   929                   1,051                 564                   864                   564                   564                   

  Subtotal                  22,297                19,999                21,901                22,139                23,039                22,564                23,064                

                                                                                                                                                                                      

  United States             2,644                 2,847                 2,541                 3,100                 3,100                 3,100                 3,100                 

                                                                                                                                                                                      

  WORLD TOTAL               24,941                22,846                24,442                25,239                26,139                25,664                26,164                

                                                                                                                                                                                      
  ------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- -----

  --------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- -----
  **IMPORTS**                                                                                                                                                                           

  Bangladesh                  1,220                 638                   402                   275                   275                   500                   500                   

  [Brazil]{.underline}        [781]{.underline}     [700]{.underline}     [673]{.underline}     [600]{.underline}     [600]{.underline}     [400]{.underline}     [400]{.underline}     

  Canada                      248                   250                   262                   265                   265                   270                   270                   

  [China]{.underline}         [178]{.underline}     [278]{.underline}     [267]{.underline}     [225]{.underline}     [225]{.underline}     [400]{.underline}     [400]{.underline}     

  Colombia                    38                    60                    163                   75                    75                    100                   100                   

  [Costa Rica]{.underline}    [56]{.underline}      [48]{.underline}      [41]{.underline}      [75]{.underline}      [75]{.underline}      [75]{.underline}      [75]{.underline}      

  Cote d\'Ivoire              600                   450                   654                   575                   575                   600                   600                   

  [Cuba]{.underline}          [431]{.underline}     [415]{.underline}     [481]{.underline}     [550]{.underline}     [550]{.underline}     [550]{.underline}     [550]{.underline}     

  El Salvador                 28                    30                    76                    75                    75                    75                    75                    

  [Ghana]{.underline}         [125]{.underline}     [186]{.underline}     [211]{.underline}     [210]{.underline}     [210]{.underline}     [225]{.underline}     [225]{.underline}     

  Guinea                      300                   275                   325                   275                   275                   300                   300                   

  [Haiti]{.underline}         [235]{.underline}     [245]{.underline}     [250]{.underline}     [260]{.underline}     [260]{.underline}     [265]{.underline}     [265]{.underline}     

  Honduras                    75                    80                    96                    75                    75                    80                    80                    

  [Indonesia]{.underline}     [3,729]{.underline}   [1,500]{.underline}   [1,500]{.underline}   [3,250]{.underline}   [3,500]{.underline}   [3,250]{.underline}   [3,250]{.underline}   

  Iran                        1,313                 1,100                 735                   1,000                 1,000                 1,500                 1,500                 

  [Iraq]{.underline}          [779]{.underline}     [1,274]{.underline}   [959]{.underline}     [1,000]{.underline}   [1,250]{.underline}   [1,100]{.underline}   [1,100]{.underline}   

  Jamaica & Dep               71                    75                    75                    75                    75                    75                    75                    

  [Japan]{.underline}         [633]{.underline}     [656]{.underline}     [680]{.underline}     [650]{.underline}     [650]{.underline}     [650]{.underline}     [650]{.underline}     

  Korea, North                159                   400                   537                   150                   400                   450                   450                   

  [Korea, South]{.underline}  [137]{.underline}     [151]{.underline}     [99]{.underline}      [150]{.underline}     [150]{.underline}     [150]{.underline}     [150]{.underline}     

  Malaysia                    617                   596                   633                   600                   600                   600                   600                   

  [Mexico]{.underline}        [342]{.underline}     [415]{.underline}     [388]{.underline}     [500]{.underline}     [500]{.underline}     [500]{.underline}     [500]{.underline}     

  Nigeria                     950                   1,250                 1,738                 1,500                 1,500                 1,500                 1,500                 

  [Nicaragua]{.underline}     [88]{.underline}      [60]{.underline}      [117]{.underline}     [100]{.underline}     [100]{.underline}     [100]{.underline}     [100]{.underline}     

  Peru                        116                   86                    62                    40                    40                    40                    40                    

  [Philippines]{.underline}   [1,000]{.underline}   [900]{.underline}     [1,175]{.underline}   [1,200]{.underline}   [1,200]{.underline}   [650]{.underline}     [800]{.underline}     

  Russia                      580                   400                   247                   275                   275                   350                   350                   

  [Saudi Arabia]{.underline}  [750]{.underline}     [992]{.underline}     [1,053]{.underline}   [900]{.underline}     [900]{.underline}     [1,000]{.underline}   [1,000]{.underline}   

  Senegal                     700                   502                   863                   900                   900                   750                   750                   

  [Singapore]{.underline}     [421]{.underline}     [354]{.underline}     [444]{.underline}     [375]{.underline}     [375]{.underline}     [375]{.underline}     [375]{.underline}     

  South Africa                514                   523                   572                   650                   650                   650                   650                   

  [Sri Lanka]{.underline}     [205]{.underline}     [18]{.underline}      [35]{.underline}      [80]{.underline}      [80]{.underline}      [100]{.underline}     [100]{.underline}     

  Syria                       200                   150                   172                   150                   150                   150                   150                   

  [Taiwan]{.underline}        [5]{.underline}       [3]{.underline}       [23]{.underline}      [125]{.underline}     [125]{.underline}     [125]{.underline}     [125]{.underline}     

  Turkey                      321                   309                   231                   250                   275                   250                   250                   

  [Uzbekistan]{.underline}    [40]{.underline}      [30]{.underline}      [142]{.underline}     [175]{.underline}     [175]{.underline}     [175]{.underline}     [175]{.underline}     

  UAE                         75                    75                    75                    80                    80                    80                    80                    

  [Yemen]{.underline}         [217]{.underline}     [210]{.underline}     [202]{.underline}     [200]{.underline}     [200]{.underline}     [250]{.underline}     [250]{.underline}     

  EU                          784                   852                   923                   800                   700                   850                   850                   
  --------------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- --------------------- -----

  ------------- -------- -------- -------- -------- -------- -------- -------- -----
  O.W. Europe   50       50       55       50       50       50       50       

  Eastern       361      343      381      357      357      358      358      
  Europe                                                                       

  United States 358      308      413      400      400      415      415      

                                                                               

  Subtotal      19,830   17,237   18,430   19,517   20,192   20,333   20,483   

                                                                               

  Other         3,458    3,841    4,175    4,305    4,305    4,220    4,220    
  Countries                                                                    

  Unaccounted   1,653    1,768    1,837    1,417    1,642    1,111    1,461    

                                                                               

  WORLD TOTAL   24,941   22,846   24,442   25,239   26,139   25,664   26,164   

                                                                               

                                                                               
  ------------- -------- -------- -------- -------- -------- -------- -------- -----

  --------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -----
  **WORLD RICE PRODUCTION,                                                                                                                                                                     
  CONSUMPTION, AND STOCKS**                                                                                                                                                                    

  **LOCAL MARKETING YEARS**                                                                                                                                                                    

  **THOUSAND METRIC TONS**                                                                                                                                                                     

                                                                                                                                                                                               

                              **1998/99**            **1999/00**            **2000/01**            **2001/02**            **2001/02**            **2002/03**            **2002/03**            

  **MILLED**                                                                                       **12-Sep**             **11-Oct**             **12-Sep**             **11-Oct**             

  **PRODUCTION**                                                                                                                                                                               

  Australia                   974                    787                    1,259                  930                    930                    751                    751                    

  [Bangladesh]{.underline}    [19,854]{.underline}   [23,066]{.underline}   [25,086]{.underline}   [25,500]{.underline}   [25,500]{.underline}   [26,000]{.underline}   [26,000]{.underline}   

  Brazil                      7,876                  7,768                  7,062                  7,250                  7,250                  7,150                  7,150                  

  [Burma]{.underline}         [9,280]{.underline}    [9,860]{.underline}    [10,771]{.underline}   [10,440]{.underline}   [10,440]{.underline}   [10,440]{.underline}   [10,440]{.underline}   

  China                       139,100                138,936                131,536                124,320                124,306                123,200                123,200                

  [Egypt]{.underline}         [2,645]{.underline}    [3,787]{.underline}    [3,965]{.underline}    [3,575]{.underline}    [3,575]{.underline}    [3,800]{.underline}    [3,800]{.underline}    

  India                       86,000                 89,700                 84,871                 91,600                 91,600                 78,000                 78,000                 

  [Indonesia]{.underline}     [31,853]{.underline}   [33,445]{.underline}   [32,548]{.underline}   [32,422]{.underline}   [32,422]{.underline}   [32,500]{.underline}   [32,500]{.underline}   

  Japan                       8,154                  8,350                  8,636                  8,242                  8,242                  8,200                  8,100                  

  [Korea, South]{.underline}  [5,100]{.underline}    [5,263]{.underline}    [5,291]{.underline}    [5,515]{.underline}    [5,515]{.underline}    [5,200]{.underline}    [5,000]{.underline}    

  Pakistan                    4,674                  5,156                  4,700                  3,740                  3,882                  3,500                  3,850                  

  [Philippines]{.underline}   [6,674]{.underline}    [7,772]{.underline}    [8,135]{.underline}    [8,450]{.underline}    [8,450]{.underline}    [8,300]{.underline}    [8,300]{.underline}    

  Taiwan                      1,311                  1,349                  1,342                  1,245                  1,245                  1,197                  1,197                  

  [Thailand]{.underline}      [15,589]{.underline}   [16,500]{.underline}   [16,901]{.underline}   [16,500]{.underline}   [16,500]{.underline}   [16,500]{.underline}   [16,500]{.underline}   

  Vietnam                     20,108                 20,926                 20,473                 20,670                 20,670                 20,500                 20,500                 

  [EU]{.underline}            [1,749]{.underline}    [1,751]{.underline}    [1,567]{.underline}    [1,620]{.underline}    [1,620]{.underline}    [1,792]{.underline}    [1,792]{.underline}    

  Others                      27,322                 28,424                 27,381                 27,584                 27,561                 27,447                 27,531                 

  Subtotal                    388,263                402,840                391,524                389,603                389,708                374,477                374,611                

  United States               5,798                  6,502                  5,941                  6,668                  6,668                  6,456                  6,633                  

  WORLD TOTAL                 394,061                409,342                397,465                396,271                396,376                380,933                381,244                

                                                                                                                                                                                               
  --------------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -----

  --------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- -----
  **CONSUMPTION**                                                                                                                                                                                     

  Bangladesh                  21,854                  23,766                  25,790                  26,250                  26,250                  26,250                  26,250                  

  [Brazil]{.underline}        [7,955]{.underline}     [7,956]{.underline}     [7,956]{.underline}     [7,958]{.underline}     [7,958]{.underline}     [8,000]{.underline}     [8,000]{.underline}     

  Burma                       9,276                   9,330                   9,350                   9,400                   9,400                   9,475                   9,475                   

  [China]{.underline}         [133,570]{.underline}   [133,763]{.underline}   [134,356]{.underline}   [134,595]{.underline}   [134,581]{.underline}   [134,800]{.underline}   [134,800]{.underline}   

  Egypt                       2,771                   2,856                   3,015                   3,150                   3,150                   3,275                   3,275                   

  [India]{.underline}         [81,154]{.underline}    [82,670]{.underline}    [75,851]{.underline}    [88,401]{.underline}    [87,651]{.underline}    [83,100]{.underline}    [83,250]{.underline}    

  Indonesia                   35,033                  35,400                  35,877                  36,358                  36,358                  36,790                  36,790                  

  [Iran]{.underline}          [2,913]{.underline}     [3,019]{.underline}     [3,050]{.underline}     [3,075]{.underline}     [3,075]{.underline}     [3,100]{.underline}     [3,100]{.underline}     

  Japan                       9,100                   9,450                   9,000                   9,000                   9,000                   9,000                   9,000                   

  [Korea, North]{.underline}  [1,559]{.underline}     [2,000]{.underline}     [1,837]{.underline}     [1,500]{.underline}     [1,750]{.underline}     [1,950]{.underline}     [1,950]{.underline}     

  Korea, South                5,021                   4,986                   5,000                   5,100                   5,100                   5,100                   5,100                   

  [Philippines]{.underline}   [8,000]{.underline}     [8,400]{.underline}     [8,750]{.underline}     [8,900]{.underline}     [8,900]{.underline}     [9,105]{.underline}     [9,105]{.underline}     

  South Africa                525                     535                     550                     575                     575                     625                     625                     

  [Taiwan]{.underline}        [1,325]{.underline}     [1,315]{.underline}     [1,265]{.underline}     [1,150]{.underline}     [1,150]{.underline}     [1,150]{.underline}     [1,150]{.underline}     

  Thailand                    8,900                   9,300                   9,400                   9,500                   9,500                   9,600                   9,600                   

  [Vietnam]{.underline}       [15,763]{.underline}    [16,771]{.underline}    [17,275]{.underline}    [17,400]{.underline}    [17,400]{.underline}    [17,700]{.underline}    [17,600]{.underline}    

  EU                          2,113                   2,190                   2,207                   2,215                   2,215                   2,190                   2,225                   

  [Others]{.underline}        [36,858]{.underline}    [40,855]{.underline}    [42,209]{.underline}    [41,893]{.underline}    [41,843]{.underline}    [42,001]{.underline}    [42,506]{.underline}    

  Subtotal                    383,690                 394,562                 392,738                 406,420                 405,856                 403,211                 403,801                 

                                                                                                                                                                                                      

  United States               3,587                   3,846                   3,676                   3,784                   3,811                   3,949                   3,918                   

                                                                                                                                                                                                      

  WORLD TOTAL                 387,277                 398,408                 396,414                 410,204                 409,667                 407,160                 407,719                 

                                                                                                                                                                                                      

  **ENDING STOCKS**                                                                                                                                                                                   

  Brazil                      1,157                   1,513                   1,327                   1,219                   1,219                   869                     869                     

  [Burma]{.underline}         [203]{.underline}       [574]{.underline}       [1,325]{.underline}     [1,165]{.underline}     [1,265]{.underline}     [630]{.underline}       [730]{.underline}       

  China                       96,000                  98,500                  94,100                  82,550                  82,550                  69,100                  69,100                  

  [India]{.underline}         [12,000]{.underline}    [17,716]{.underline}    [25,051]{.underline}    [23,000]{.underline}    [23,000]{.underline}    [14,000]{.underline}    [13,850]{.underline}    

  Indonesia                   6,828                   6,373                   4,544                   3,858                   4,108                   2,818                   3,068                   

  [Korea, South]{.underline}  [980]{.underline}       [1,355]{.underline}     [1,739]{.underline}     [2,299]{.underline}     [1,999]{.underline}     [2,544]{.underline}     [2,044]{.underline}     

  Pakistan                    359                     811                     432                     222                     164                     222                     264                     

  [Philippines]{.underline}   [1,965]{.underline}     [2,002]{.underline}     [2,797]{.underline}     [3,447]{.underline}     [3,447]{.underline}     [3,217]{.underline}     [3,317]{.underline}     

  Thailand                    1,060                   1,711                   1,691                   1,691                   2,191                   1,091                   1,591                   

  [Vietnam]{.underline}       [350]{.underline}       [1,175]{.underline}     [885]{.underline}       [1,395]{.underline}     [1,395]{.underline}     [735]{.underline}       [535]{.underline}       

  Others                      12,065                  12,823                  11,403                  10,693                  10,843                  9,471                   9,386                   

  Subtotal                    132,617                 143,378                 144,409                 130,144                 130,786                 103,962                 104,219                 

                                                                                                                                                                                                      

  United States               694                     867                     887                     1,219                   1,219                   1,174                   1,311                   

                                                                                                                                                                                                      

  WORLD TOTAL                 133,311                 144,245                 145,296                 131,363                 132,005                 105,136                 105,530                 

                                                                                                                                                                                                      

  NOTES: All data are                                                                                                                                                                                 
  reported on a milled basis.                                                                                                                                                                         

                                                                                                                                                                                                      

                                                                                                                                                                                                      

                                                                                                                                                                                                      
  --------------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- -----

  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -----
  **REGIONAL RICE                                                                                                                                                                     
  IMPORTS,                                                                                                                                                                            
  PRODUCTION,                                                                                                                                                                         
  CONSUMPTION, AND                                                                                                                                                                    
  STOCKS**                                                                                                                                                                            

  **THOUSAND METRIC                                                                                                                                                                   
  TONS**                                                                                                                                                                              

                                                                                                                                                                                      

                                                                                                                                                                                      

                     **1999**               **2000**               **2001**               **2002**               **2002**               **2003**               **2003**               

                                                                                          **12-Sep**             **11-Oct**             **12-Sep**             **11-Oct**             

  **IMPORTS**                                                                                                                                                                         

  North America 1/   948                    973                    1,063                  1,165                  1,165                  1,185                  1,185                  

  [Latin America     [2,263]{.underline}    [2,103]{.underline}    [2,348]{.underline}    [2,255]{.underline}    [2,255]{.underline}    [2,095]{.underline}    [2,095]{.underline}    
  2/]{.underline}                                                                                                                                                                     

  EU                 784                    852                    923                    800                    700                    850                    850                    

  [Other West. Eur.  [50]{.underline}       [50]{.underline}       [55]{.underline}       [50]{.underline}       [50]{.underline}       [50]{.underline}       [50]{.underline}       
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      712                    507                    479                    583                    583                    658                    658                    
  Union                                                                                                                                                                               

  [Eastern Europe    [361]{.underline}      [343]{.underline}      [381]{.underline}      [357]{.underline}      [357]{.underline}      [358]{.underline}      [358]{.underline}      
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     4,024                  4,469                  3,826                  4,010                  4,285                  4,760                  4,760                  

  [North Africa      [218]{.underline}      [162]{.underline}      [201]{.underline}      [275]{.underline}      [275]{.underline}      [275]{.underline}      [275]{.underline}      
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    4,706                  5,034                  6,414                  6,082                  6,082                  5,907                  5,907                  

  [South Asia        [1,552]{.underline}    [978]{.underline}      [717]{.underline}      [670]{.underline}      [670]{.underline}      [890]{.underline}      [890]{.underline}      
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      7,344                  5,236                  5,783                  7,175                  7,675                  7,125                  7,275                  

  [Oceania           [326]{.underline}      [371]{.underline}      [415]{.underline}      [400]{.underline}      [400]{.underline}      [400]{.underline}      [400]{.underline}      
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      

                     **1998/99**            **1999/00**            **2000/01**            **2001/02**            **2001/02**            **2002/03**            **2002/03**            

  **PRODUCTION**                                                                                                                                                                      

  North America 1/   6,111                  6,771                  6,156                  6,853                  6,853                  6,651                  6,828                  

  [Latin America     [14,701]{.underline}   [14,739]{.underline}   [13,738]{.underline}   [13,865]{.underline}   [13,865]{.underline}   [13,890]{.underline}   [13,890]{.underline}   
  2/]{.underline}                                                                                                                                                                     

  EU                 1,749                  1,751                  1,567                  1,749                  1,620                  1,792                  1,792                  

  [Other West. Eur.  [0]{.underline}        [0]{.underline}        [0]{.underline}        [0]{.underline}        [0]{.underline}        [0]{.underline}        [0]{.underline}        
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      730                    789                    740                    641                    641                    724                    724                    
  Union                                                                                                                                                                               

  [Eastern Europe    [33]{.underline}       [35]{.underline}       [35]{.underline}       [35]{.underline}       [35]{.underline}       [35]{.underline}       [35]{.underline}       
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     2,240                  1,905                  1,632                  1,598                  1,598                  1,692                  1,692                  
  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -----

  ------------------ ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- -----
  [North Africa      [2,686]{.underline}     [3,828]{.underline}     [4,006]{.underline}     [3,616]{.underline}     [3,616]{.underline}     [3,841]{.underline}     [3,841]{.underline}     
  6/]{.underline}                                                                                                                                                                            

  Other Africa 7/    6,733                   7,116                   6,961                   7,222                   7,199                   7,226                   7,310                   

  [South Asia        [115,076]{.underline}   [122,521]{.underline}   [119,168]{.underline}   [125,260]{.underline}   [125,402]{.underline}   [112,000]{.underline}   [112,350]{.underline}   
  8/]{.underline}                                                                                                                                                                            

  Other Asia 9/      243,028                 249,100                 242,203                 234,631                 234,617                 232,331                 232,031                 

  [Oceania           [974]{.underline}       [787]{.underline}       [1,259]{.underline}     [930]{.underline}       [930]{.underline}       [751]{.underline}       [751]{.underline}       
  10/]{.underline}                                                                                                                                                                           

                                                                                                                                                                                             

  **CONSUMPTION**                                                                                                                                                                            

  North America 1/   4,439                   4,717                   4,588                   4,724                   4,751                   4,919                   4,888                   

  [Latin America     [14,221]{.underline}    [14,654]{.underline}    [14,809]{.underline}    [15,052]{.underline}    [15,052]{.underline}    [15,182]{.underline}    [15,182]{.underline}    
  2/]{.underline}                                                                                                                                                                            

  EU                 2,113                   2,190                   2,207                   2,215                   2,215                   2,190                   2,225                   

  [Other West. Eur.  [50]{.underline}        [53]{.underline}        [55]{.underline}        [53]{.underline}        [53]{.underline}        [53]{.underline}        [53]{.underline}        
  3/]{.underline}                                                                                                                                                                            

  Former Soviet      1,150                   1,222                   1,231                   1,291                   1,291                   1,399                   1,399                   
  Union                                                                                                                                                                                      

  [Eastern Europe    [402]{.underline}       [380]{.underline}       [427]{.underline}       [374]{.underline}       [374]{.underline}       [392]{.underline}       [392]{.underline}       
  4/]{.underline}                                                                                                                                                                            

  Middle East 5/     6,008                   6,260                   6,531                   6,696                   6,696                   6,811                   6,811                   

  [North Africa      [2,984]{.underline}     [3,059]{.underline}     [3,246]{.underline}     [3,416]{.underline}     [3,416]{.underline}     [3,541]{.underline}     [3,541]{.underline}     
  6/]{.underline}                                                                                                                                                                            

  Other Africa 7/    10,945                  11,641                  12,142                  13,132                  13,109                  13,535                  13,519                  

  [South Asia        [110,382]{.underline}   [113,836]{.underline}   [109,118]{.underline}   [122,251]{.underline}   [121,501]{.underline}   [116,985]{.underline}   [117,185]{.underline}   
  8/]{.underline}                                                                                                                                                                            

  Other Asia 9/      233,376                 237,068                 238,735                 239,685                 239,921                 240,794                 240,694                 

  [Oceania           [608]{.underline}       [670]{.underline}       [706]{.underline}       [723]{.underline}       [723]{.underline}       [730]{.underline}       [730]{.underline}       
  10/]{.underline}                                                                                                                                                                           

                                                                                                                                                                                             
  ------------------ ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- ----------------------- -----

  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -----
  **ENDING STOCKS**                                                                                                                                                                   

  North America 1/   814                    1,062                  1,046                  1,360                  1,360                  1,282                  1,419                  

  [Latin America     [2,420]{.underline}    [2,900]{.underline}    [2,524]{.underline}    [2,506]{.underline}    [2,506]{.underline}    [2,169]{.underline}    [2,169]{.underline}    
  2/]{.underline}                                                                                                                                                                     

  EU                 821                    888                    889                    859                    769                    1,036                  911                    

  [Other West. Eur.  [16]{.underline}       [13]{.underline}       [8]{.underline}        [10]{.underline}       [10]{.underline}       [7]{.underline}        [7]{.underline}        
  3/]{.underline}                                                                                                                                                                     

  Former Soviet      289                    328                    296                    209                    209                    162                    162                    
  Union                                                                                                                                                                               

  [Eastern Europe    [0]{.underline}        [0]{.underline}        [0]{.underline}        [0]{.underline}        [0]{.underline}        [0]{.underline}        [0]{.underline}        
  4/]{.underline}                                                                                                                                                                     

  Middle East 5/     3,095                  2,967                  1,763                  790                    1,040                  311                    561                    

  [North Africa      [200]{.underline}      [631]{.underline}      [887]{.underline}      [862]{.underline}      [862]{.underline}      [937]{.underline}      [937]{.underline}      
  6/]{.underline}                                                                                                                                                                     

  Other Africa 7/    1,366                  1,774                  1,736                  2,183                  2,173                  1,960                  2,050                  

  [South Asia        [13,532]{.underline}   [19,527]{.underline}   [26,389]{.underline}   [23,538]{.underline}   [23,480]{.underline}   [14,698]{.underline}   [14,590]{.underline}   
  8/]{.underline}                                                                                                                                                                     

  Other Asia 9/      110,551                114,070                109,315                98,496                 99,046                 82,128                 81,743                 

  [Oceania           [207]{.underline}      [85]{.underline}       [443]{.underline}      [550]{.underline}      [550]{.underline}      [446]{.underline}      [446]{.underline}      
  10/]{.underline}                                                                                                                                                                    

                                                                                                                                                                                      

  NOTES: Footnotes                                                                                                                                                                    
  appear on last                                                                                                                                                                      
  page of this                                                                                                                                                                        
  circular. All data                                                                                                                                                                  
  are reported on a                                                                                                                                                                   
  milled basis.                                                                                                                                                                       

                                                                                                                                                                                      
  ------------------ ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- ---------------------- -----

  --------------------- -------------- --------- --------- ----------- -----------
  MAJOR OILSEEDS: WORLD                                                
  SUPPLY AND                                                           
  DISTRIBUTION                                                         

  (MILLION METRIC TONS)                                                

                                                                       

                                                           Estimated   Projected

                        1998/99        1999/00   2000/01   2001/02     2002/03

  **PRODUCTION**                                                       

  SOYBEAN               159.82         159.90    175.10    183.74      184.83

  COTTONSEED            32.62          32.93     33.53     36.58       33.43

  PEANUT                29.77          28.99     31.12     33.11       32.17

  SUNFLOWERSEED         26.63          27.22     23.29     21.35       23.40

  RAPESEED              35.89          42.47     37.52     35.96       32.53

  COPRA                 4.38           5.46      5.90      5.26        5.30

  PALM KERNEL           5.62           6.41      6.91      7.26        7.41

  TOTAL                 294.72         303.37    313.37    323.25      319.06

                                                                       

  **EXPORTS**                                                          

  SOYBEAN               38.72          46.68     55.07     55.96       60.23

  COTTONSEED            1.02           1.33      1.39      1.41        1.19

  PEANUT                1.31           1.65      1.39      1.64        1.53

  SUNFLOWERSEED         4.45           3.39      3.48      2.24        2.29

  RAPESEED              9.31           11.25     9.45      7.44        6.22

  COPRA                 0.25           0.26      0.19      0.19        0.18

  PALM KERNEL           0.06           0.07      0.08      0.06        0.06

  TOTAL                 55.10          64.63     71.04     68.93       71.70

                                                                       

  **IMPORTS**                                                          

  SOYBEAN               40.72          47.97     54.93     55.90       60.08

  COTTONSEED            0.97           1.31      1.30      1.39        1.20

  PEANUT                1.35           1.46      1.38      1.58        1.48

  SUNFLOWERSEED         4.34           3.48      3.20      2.01        2.30

  RAPESEED              9.09           10.94     9.34      7.43        6.17

  COPRA                 0.29           0.27      0.19      0.18        0.14

  PALM KERNEL           0.05           0.05      0.05      0.05        0.02

  TOTAL                 56.80          65.45     70.39     68.53       71.39

                                                                       

  **CRUSH**                                                            

  SOYBEAN               135.85         136.28    146.95    157.85      163.23

  COTTONSEED            24.98          25.05     24.50     26.54       24.74

  PEANUT                14.79          13.63     14.17     15.71       14.93

  SUNFLOWERSEED         23.01          23.94     20.87     18.83       20.74

  RAPESEED              31.86          37.09     35.19     33.52       30.90

  COPRA                 4.44           5.45      5.84      5.19        5.20

  PALM KERNEL           5.58           6.34      6.82      7.18        7.30

  TOTAL                 240.50         247.77    254.34    264.82      267.03
  --------------------- -------------- --------- --------- ----------- -----------

  --------------------- -------------- --------- --------- ----------- -----------
  **ENDING STOCKS**                                                    

  SOYBEAN               27.26          27.91     30.80     30.61       25.35

  COTTONSEED            0.50           0.39      0.53      0.49        0.46

  PEANUT                0.79           0.73      0.76      0.84        0.73

  SUNFLOWERSEED         1.42           1.75      0.89      0.53        0.50

  RAPESEED              2.23           4.06      2.79      2.13        1.40

  COPRA                 0.04           0.04      0.03      0.03        0.02

  PALM KERNEL           0.13           0.12      0.14      0.15        0.15

                                                                       

  TOTAL                 32.38          35.00     35.93     34.77       28.61

                                                                       

  Date: September 2002                                                 

                                                                       

                                                           Estimated   Projected

                        1998/99        1999/00   2000/01   2001/02     2002/03

  PRODUCTION                                                           

  UNITED STATES         74.60          72.22     75.06     78.67       72.28

  BRAZIL                31.30          34.20     39.00     43.50       48.00

  ARGENTINA             20.00          21.20     27.80     29.50       31.00

  CHINA                 15.15          14.29     15.40     15.41       15.60

  INDIA                 6.00           5.20      5.25      5.40        5.00

  PARAGUAY              3.05           2.90      3.52      3.10        3.70

  OTHER                 9.72           9.89      9.07      8.16        9.25

  TOTAL                 159.82         159.90    175.10    183.74      184.83

                                                                       

  EXPORTS                                                              

  UNITED STATES         21.90          26.54     27.10     28.99       23.13

  BRAZIL                8.93           11.16     15.47     15.30       21.30

  ARGENTINA             3.23           4.13      7.42      6.60        10.00

  PARAGUAY              2.35           2.12      2.55      2.11        2.70

  OTHER                 2.30           2.73      2.54      2.97        3.10

  TOTAL                 38.72          46.68     55.07     55.96       60.23

                                                                       
  --------------------- -------------- --------- --------- ----------- -----------

  --------------------- -------------- -------- -------- --------- --------
  IMPORTS                                                          

  EUROPEAN UNION        16.79          15.66    18.92    19.92     20.17

  GERMANY               4.10           3.44     4.57     4.65      4.65

  NETHERLANDS           5.01           5.26     5.66     6.00      6.00

  SPAIN                 3.05           2.74     3.17     3.35      3.40

  ITALY                 0.72           0.80     0.84     0.82      0.90

  BEL-LUX               1.24           1.20     1.43     1.64      1.63

  PORTUGAL              0.64           0.62     0.90     1.05      1.12

  EASTERN EUROPE        0.14           0.06     0.16     0.23      0.23

  FSU-12                0.33           0.10     0.08     0.26      0.23

  ASIA                  15.18          22.43    25.54    23.81     27.73

  CHINA                 3.85           10.10    13.25    10.30     14.00

  JAPAN                 4.81           4.91     4.77     5.00      4.90

  KOREA, REP OF         1.40           1.61     1.39     1.45      1.50

  TAIWAN                2.15           2.30     2.33     2.40      2.40

  INDONESIA             1.13           1.42     1.26     1.58      1.65

  MID-EAST/N AFR        1.56           1.86     2.24     2.62      2.86

  LATIN AMERICA         5.86           6.65     6.91     7.42      7.64

  MEXICO                3.76           3.95     4.37     4.70      5.05

  BRAZIL                0.60           1.00     0.90     0.90      0.90

  OTHER                 0.86           1.20     1.08     1.65      1.23

  TOTAL                 40.72          47.97    54.93    55.90     60.08

                                                                   

  CRUSH                                                            

  UNITED STATES         43.26          42.93    44.63    46.27     45.59

  LATIN AMERICA         44.59          44.89    47.05    52.59     57.56

  BRAZIL                21.01          21.20    22.62    24.50     27.20

  ARGENTINA             17.51          17.08    17.30    20.50     22.25

  MEXICO                3.95           4.10     4.45     4.75      5.15

  EUROPEAN UNION        16.24          14.43    16.75    17.66     17.67

  FSU-12                0.51           0.41     0.48     0.63      0.63

  EASTERN EUROPE        0.41           0.45     0.38     0.53      0.57

  ASIA                  26.89          28.80    33.16    35.30     36.10

  JAPAN                 3.70           3.75     3.78     3.89      3.83

  CHINA                 12.61          15.07    18.90    20.31     21.25

  TAIWAN                1.90           1.99     2.13     2.15      2.13

  INDIA                 5.40           4.40     4.53     4.63      4.27

  OTHER                 3.95           4.38     4.52     4.87      5.11

  TOTAL                 135.85         136.28   146.95   157.85    163.23

                                                                   
  --------------------- -------------- -------- -------- --------- --------

  --------------------- -------------- -------- -------- --------- --------
  ENDING STOCKS                                                    

  UNITED STATES         9.48           7.90     6.74     5.31      4.37

  BRAZIL                7.51           8.64     8.38     10.80     8.87

  ARGENTINA             6.03           5.52     7.93     9.54      7.22

  OTHER                 4.24           5.85     7.75     4.96      4.90

                                                                   

  TOTAL                 27.26          27.91    30.80    30.61     25.35

                                                                   

  U.S. SEASON AVG.PRICE 4.93           4.63     4.54     4.35      5.15 -
  (\$/bu)                                                          6.05

                                                                   

  Date: September 2002                                             
  --------------------- -------------- -------- -------- --------- --------