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December 2000 Edition
Rice Market for 2001
Turns Bearish
The forecast for global rice trade in
2001 has weakened compared to a month ago. Import demand by
Indonesia is lowered by 1.2 million tons from the November 2000
estimate. In addition to the outlook for increased production in
Indonesia, a depressed national currency and proposed
trade-restrictive government policies are expected to contribute
to the deflated global rice market. Furthermore, the Philippines
import estimate is lowered 30 percent from a month earlier due to
expected larger production in 2000/01.
Global rice trade remains depressed despite weak prices. Asian
prices have dipped to the lowest level since the spring of 1993.
Consequently, the world rice market can be characterized as a
"buyer's market." Thus, exporting countries in Asia are
likely to continue to offer cut-rate prices for all grades of
rice. Importing countries are expected to purchase on a
"hand-to-mouth" basis as rice prices are expected to
remain weak.
All Grain Summary Tables: Foreign Countries and US Data
Situation and Outlook: Commentary and Current Data
Historical Data Tables: Selected Regions and Countries
General Footnotes for Grain Tables
Grain and Feed
Contact List
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