WORLD RICE SITUATION AND OUTLOOK
Global rice trade for 2002 is projected at 22.5 million tons, down 1.2 million tons from 2001. Global ending stocks in 2001/02 are forecast to decline 125.4 million tons as slightly higher world consumption exceeds declining world production (milled basis).
Price quotes for most Asian qualities have strengthened over the past month in response to shrinking supplies in Pakistan and Vietnam, both major exporters. However, prices are expected to weaken by spring as 2002 crops are harvested in Asia in the next couple of months.
Export price quotes for U.S. long grain grade #2/4 percent have been at $209 (FAS) per ton for the past few weeks, while quotes for medium grain #1/4 California rice are at $270 per ton.
2002 Trade Changes
2001 Trade Changes
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