WORLD RICE SITUATION AND OUTLOOK
Global trade for 2001 is estimated at approximately 23.4 million tons but is forecast to drop nearly 850,000 tons to 22.6 million in 2002. While consumption is expected to continue to grow and production is estimated to decline year-to-year, ending stocks are expected to fall almost 12 million tons in 2002, which is roughly half of total global trade.
Price quotes out of Thailand and Vietnam are up. Over the past five weeks, Thai export price quotes for 100B have strengthened climbing from a low of $175 per ton to a high of $184; Viet 5% export price quotes have also risen substantially due to diminished exportable supplies climbing from a low of $186 per ton to a high of $200. Quotes for Paki 15/20% have softened slightly from last months high of $159 per ton, ranging from a low of $149 per ton to a high of $153.
Export price quotes for U.S. #2/4 have fallen further this month and are currently at $209 per ton (FAS), US Gulf sacked. Price quotes for high quality medium grain have not changed month-to-month to $265 per ton ex-spout Sacramento port.
2002 Trade Changes
2001 Trade Changes
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