SITUATION AND OUTLOOK:

COMMENTARY AND CURRENT DATA

WORLD RICE SITUATION AND OUTLOOK

Global trade for 2001 is up slightly from last month’s 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 month’s 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

Selected Importers

• Senegal imports down 125,000 tons to 600,000 because of a higher production.

Trade Changes in 2001

Selected Exporters

• Australia exports down 75,000 tons to 600,000 due to slow pace to date.

• India up 200,000 tons to 1 million based on increased pace to date.

• Pakistan down 250,000 tons to 2 million based on rising transportation costs and shrinking exportable supplies.

Selected Importers

• Senegal imports down 80,000 tons to 650,000 because of a higher production.

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Last modified: Thursday, November 13, 2003