SITUATION AND OUTLOOK:
COMMENTARY AND CURRENT DATA
WORLD
RICE SITUATION AND OUTLOOK
Global rice trade for 2001 is projected at 22.4 million tons,
down marginally from the previous year. Global ending stocks in
2000/01 are forecast to decline 4.4 million tons as nearly flat
world consumption oversteps declining world production (on a
milled basis.)
As world exportable supply remains in excess of import demand,
global stocks weigh heavy on the market. Price quotes for Thai
100B and Viet 5%, as well as other Asian qualities, have declined
in the past few weeks due to increased price competition as the
Philippines tenders to buy 400,000 MT of milled rice.
Similarly, export price quotes for U.S. long grain grade #2/4
percent have declined slightly over the past four weeks to $276
(FAS) per ton while medium grain #1/4 California rice quotes are
holding at $220 per ton, unchanged in 8 weeks.
2001 Trade Changes
Selected
Exporters
Guyana down 100,000 tons to
175,000 because of increased price competition in the
global market.
India down 200,000 tons to 1.1
million based on lower expected production and lower
projected imports by Bangladesh.
Selected Importers
- Bangladesh down 400,000 tons to 250,000 as a
result of an increased production estimate.
- Brazil down 200,000 tons to 500,000 based on lower
consumption.
- Colombia up 45,000 tons to 110,000 due to imports
declared by Ministry of Agriculture government resolution
#47 of March 1, 2001.
- Costa Rica down 40,000 tons to 55,000 based on
smaller than expected demand in the previous year.
- Ghana down 30,000 tons to 200,000 tons as a result
of decreased import demand.
- United Arab Emirates down 200,000 tons to 75,000
tons with the reallocation of transhipment trade to third
country destinations.
2000 Trade Changes
Selected Exporters
- Burma down 23,000 tons to 277,000 tons based on
year end data.
- Guyana down 133,000 tons to 167,000 tons as a
result of year end data from Guyana Rice Development
Board.
- Pakistan up 150,000 tons to 2 million tons based
on stronger than expected exports through the end of the
year.
Selected Importers
- Costa Rica down 45,000 tons to 50,000 tons due to
declining imports.
- Ghana down 30,000 tons to 200,000 tons as a result
of decreased import demand.
- South Africa down 100,000 tons to 475,000 tons
based on trade data from the South African Revenue
Service.
- United Arab Emirates down 200,000 tons to 75,000
tons with the reallocation of transhipment trade to third
country destinations.
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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