WORLD RICE SITUATION AND OUTLOOK
Global trade for 2001 is up slightly from last months estimate nearing 22.4 million tons; year-to-year, trade is expected to be flat. While consumption continues to outpace production, ending stocks are expected to fall approximately 12 million tons in 2002.
Price quotes out of Thailand and Vietnam are stable. Over the past four weeks, Thai export price quotes for 100B have averaged $177 per ton, with a high of $178 and a low of $175; Viet 5% export price quotes have averaged $172.5 per ton, with a high of $174 and a low of $170. Quotes for Paki 15/20% have fallen from a previous months high of $157.5 per ton to $150.25 per ton.
Export price quotes for U.S. #2/4 have fallen again this month and are currently at $226 per ton (FAS), US Gulf sacked. Price quotes for high quality medium grain have increased this month $235 per ton ex-spout Sacramento port.
Trade Changes in 2002
Trade Changes in 2001
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