WORLD RICE SITUATION AND OUTLOOK
Global rice trade for 2002 is projected at 24.5
million tons, an increase of 800,000 tons from last month and down only 300,000
tons from revised 2001. Global
ending stocks in 2001/02 are projected to drop 10 million tons to 126.6 million
tons as slightly higher world consumption exceeds declining world production
In general, Asian rice price quotes have strengthened
over the past month due to increased import demand in part due to some
speculation of an impending El Niņo. Tight supplies in Vietnam and Pakistan
have also contributed to firm prices. However,
price quotes for low quality white rice are softer due to competition from
low-priced exports from India that continue to hold down global prices.
Export price quotes for Thai 100B strengthened slightly over the past
month, increasing $1 to $196 per ton, Viet 5% export price quotes have increased
$3 dollars to $186 per ton.
Export price quotes for U.S. long grain grade #2/4 percent have continued to fall and are now $190 (FAS) per ton. Quotes for medium grain #1/4 California rice are steady at $270 (ex-spout Sacramento) per ton.
Trade Changes in 2002
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