WORLD RICE SITUATION AND OUTLOOK
Global rice trade for 2001 is projected at 24.4 million tons, virtually unchanged from a month earlier due to several offsetting revisions among major trading countries. World production and ending stocks in 2000/01 are forecast to decline, while consumption remains nearly the same. The drawdown in global stocks month to month is attributed to declines in the US, Pakistan, the EU, China and Iran.
Nominal price quotes for Asian milled rice have continued to decline over the past month. Some trade sources have indicated that prices for Thailands 100 percent grade B dropped to their lowest level since January 1987. Likewise, prices for Vietnams 5 percent broken and Pakistans 15/20 percent softened over the past 5 weeks, while export prices for U.S. long grain grade 2, 4 percent broken rice have remained flat.
Trade Changes in 2001
China exports up 200,000 tons to 3.2 million due to strong exports in 2000.
Pakistan down 200,000 tons to 1.8 million as a result of smaller forecast production.
United States down 100,000 tons to 2.8 million based on lower production and beginning stocks forecasts.
Trade Changes in 2000
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