WORLD RICE SITUATION AND OUTLOOK
Global rice trade for 2001 is projected at 22.6 million tons, nearly unchanged from the previous year. Global production (paddy basis) is forecast down 15.2 million tons to 592.4 million. Based on revisions to stocks and consumption in China and Vietnam, global ending stocks and global stocks to use ratios have been adjusted upward.
Rice exporting countries scramble to find markets for burdensome stocks as new rice is harvested from the fields. Trade is slow and the market undertone is quiet. Despite some upward fluctuation in price, Thai 100B is holding firm at $170 per ton while Viet 5% increased slightly to $147.
Export price quotes for U.S. long grain grade #2/4 percent have risen slightly to $276 per ton (FAS), US Gulf sacked, while medium grain #1/4 California rice has fallen $20 per ton to $190, ex-spout Sacramento port.
Trade Changes in 2001
Trade Changes in 2000
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