SITUATION AND OUTLOOK:
COMMENTARY AND CURRENT DATA
WORLD
RICE SITUATION AND OUTLOOK
Global rice trade for 2001 is
projected at 22.6 million tons, nearly unchanged from the
previous year. Global ending stocks in 2000/01 are forecast to
decline 3.6 million tons as world production exceeds demand.
Large global supplies continue to
inhibit trade. The Philippine Government has been active in the
import market for the past month, however, overall, the
international market has been subdued. Exporting countries have
tried to relieve the market from burdensome stocks by reviewing
and modifying government policies as well as implementing
aggressive pricing strategies. Nonetheless, export quotes
continue to fall; Thai 100B is being quoted at $170 per ton while
Viet 5% is holding at $146.
Similarly, export price quotes
for U.S. long grain grade #2/4 percent has fallen to $273 per ton
(FAS), US Gulf sacked, while medium grain #1/4 California rice is
at $210, ex-spout Sacramento port.
Trade Changes
in 2001
Selected Exporters
- China exports down
200,000 tons to 3 million based on slower than expected
pace to date.
- Vietnam up 200,000
tons to 4 million based on large sales to the
Philippines.
- India down 300,000
tons to 800,000 based on inefficient export policies and
high prices.
- Pakistan up 200,000
tons to 2 million due to increased commitments to Africa
and competitive prices.
Selected Importers
- Indonesia imports up
500,000 tons to 1.8 million based on a smaller forecast
crop and reports of greater import needs during the
second half of the year.
- Philippines up
200,000 tons to 850,000 based on recent government
tenders and the strong pace of purchases to date.
- Colombia up 20,000
tons to 130,000 based on the recent issuance of import
licenses and purchases to date.
- Sri Lanka down 70,000
tons to 30,000 based on a higher production forecast.
Trade Changes
in 2000
Selected Importers
- Mexico imports up
15,000 tons to 415,000 tons based on year-end data.
- Sri Lanka down 80,000
tons to 20,000 based on annual 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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