SITUATION AND OUTLOOK:
COMMENTARY AND CURRENT DATA
WORLD
RICE SITUATION AND OUTLOOK
Global rice trade for 2001 is
projected at 23.4 million tons, nearly unchanged from the
previous year. Global ending stocks in 2000/01 are forecast to
decline 5.2 million tons as world production falls short of
consumption.
As world supply remains in excess
of demand, global stocks weigh heavy on the market. Consequently,
a sluggish international market has been unable to stir movement
in prices. Prices for Thai 100B and Viet 5% have been relatively
flat over the past four months. Exportable supplies among the
major exporters remain plentiful while import demand,
particularly in Asia, is weak.
Similarly, export price quotes
for U.S. long grain grade #2/4 percent have not changed over the
past four months at $287 (FAS) per ton while medium grain #1/4
California rice are holding at $220 per ton.
2001 Trade Changes
Selected
Exporters
Selected Importers
- Indonesia down
300,000 tons to 1.3 million based on a government
initiative for a temporary delay in commercial shipments
from February to June, Indonesia’s peak harvest
season..
- Iraq up 300,000 tons
to 1.3 million based on heightened import demand in the
previous calendar year.
- Philippines down
50,000 tons to 650,000 based on delays in government
import tenders.
- Saudi Arabia up
75,000 tons to 950,000 based on projected import demand.
2000 Trade Changes
Selected Exporters
- Australia up 42,000
tons to 617,000 based on Australia Bureau of Statistics
year-end data.
- China down 250,000
tons to 2.95 million based on China Customs year-end
data.
- Thailand down 21,000
tons to 6.549 million based on year-end, official data
from Thailand’s Department of Foreign Trade.
- Vietnam up 170,000
tons to 3.37 million based on year-end data from Vietnam.
Selected Importers
- Indonesia down
100,000 tons to 1.5 million based on a slow down in
shipments during the second half of the year.
- Iraq up 261,000 tons
1.261 million based on year-end data.
- Nigeria up 225,000
tons 1.2 million based on year-end data.
- Saudi Arabia up
75,000 tons to 950,000 based on pace of shipments to date
and year-end data.
Download the rice tables in:
Adobe Acrobat Format
Lotus Spreadsheet Format
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Last modified: Thursday, November 13, 2003
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