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
Trade Changes in 2000
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