WORLD RICE SITUATION AND OUTLOOK
Global rice trade for 2001 is projected at 24.6 million tons, up 2.2 million tons from the current year. World production and ending stocks in 2000/01 are forecast to decline by 7.6 million tons and 4.1 million respectively, while consumption will increase only narrowly year to year.
Nominal price quotes for Asian milled rice are virtually the same as levels reported more than 2 months ago. Price quotes for Thailands 100 percent grade B milled rice rose in early October due to flooding and transportation difficulties in parts of South and Southeast Asia and large purchases by South Korea. However, prices have since rescinded.
Export prices for U.S. long grain grade 2, 4 percent have risen over the past 5 weeks in response to several PL 480 tenders and a reluctance by farmers to sell. This has resulted in an increase in the U.S. price difference over comparable grades of Asian rice, limiting U.S. competitiveness in some markets. In contrast, export prices for U.S. medium grain milled rice have dropped substantially over the past 5 weeks on expectations of large supplies in 2000/01.
Trade Changes in 2001
China exports up 200,000 tons to 3.4 million.
Japan up 100,000 tons to 500,000 based on larger food aid commitments in early 2001.
Trade Changes in 2000
Download the rice tables in:
Adobe Acrobat Format
Lotus Spreadsheet Format
Return to Table of Contents