A shift in global perception on the availability of
exportable supplies has contributed to the drop in prices, as highlighted above
by Thailand and the United States. While the global supply and
demand picture has not changed significantly, the market climate has certainly
changed. Export policies initially expected to severely limit sales from leading
suppliers have, in fact, allowed trade to continue in the form of government
sales.
Despite export restrictions, Vietnam made
government sales to buyers in Cuba and Asia. Similarly, India continues
government sales of non-basmati rice and allows private sales of basmati rice to
traditional buyers. Although Egypt extended its ban until April 2009, it
will likely fulfill longstanding trade commitments with neighboring partners.
Internal pressure by traders may lead governments to further relax current
export policies.
Earlier this year, some major rice importers, fearing inadequate supplies,
tendered for large quantities despite record prices. However, continued
government sales, most notably Vietnam’s sale of 600,000 tons to the
Philippines, and Thailand’s record export pace have helped dispel the notion
of short supplies. For example, Thailand has already sold 6.7 million tons
through July, compared to 4.6 million tons for same period last year. The
prospects for ample exportable supplies, the continued drop in oil prices, and
the strengthening of the dollar are other factors that could further soften
global prices.
|
Desk Reference Table
(Entire Circular PDF available at 9:30 a.m.) |
| |
| Tables
(available at 9:00 a.m) |
|
Wheat |
|
Monthly Commentary:
Wheat: World Markets and Trade |
|
Table 1: World Wheat, Flour, and Products Trade |
|
Table 2: World Wheat Production, Consumption, and Stocks |
|
Table 3: Regional Wheat Imports, Production, Consumption, and
Stocks |
|
Rice |
|
Monthly Commentary:
Rice: World Markets and Trade |
|
Table 1: World Rice Trade |
|
Table 2: World Rice Production, Consumption, and Stocks |
|
Table 3: Regional Rice Imports, Production, Consumption, and
Stocks |
|
Coarse Grains |
|
Monthly Commentary:
Coarse Grains: World Markets and Trade |
|
Table 1: World Coarse Grain Trade |
|
Table 2: World Coarse Grains Production, Consumption, and Stocks |
|
Table 3: Regional Coarse Grain Imports, Production, Consumption,
and Stocks |
|
Table 4: World Corn Trade |
|
Table 5: World Corn Production, Consumption, and Stocks |
|
Table 6: Regional Corn Imports, Production, Consumption, and
Stocks |
|
Table 7: World Barley Trade |
|
Table 8: World Barley Production, Consumption, and Stocks |
|
Table 9: Regional Barley Imports, Production, Consumption, and
Stocks |
|
Table 10: World Sorghum Trade |
|
Table 11: World Sorghum Production, Consumption, and Stocks |
|
Table 12: Regional Sorghum Imports, Production, Consumption, and Stocks |
|
Table 13: World Oats Trade |
|
Table 14: World Oats Production, Consumption, and Stocks |
|
Table 15: Regional Oats Imports, Production, Consumption, and Stocks |
|
Table 16: World Rye Trade |
|
Table 17: World Rye Production, Consumption, and Stocks |
|
Table 18: Regional Rye Imports, Production, Consumption, and Stocks |
|
Historical Data Series |
|
Table 1:
European Union: Grain Supply
and Demand |
|
Table 2: China: Grain Supply and Demand |
|
Table 3: Other Europe: Grain Supply and Demand |
|
Table 4: Former Soviet Union: Grain Supply and Demand (Wheat and
Coarse Grains) |
|
Table 5: Former Soviet Union: Grain Supply and Demand (Wheat) |
|
Table 6: Former Soviet Union: Grain Supply and Demand (Corn) |
|
Table 7: Former Soviet Union: Grain Supply and Demand (Barley) |
|
Table
8: Wheat Supply and Disappearance: Selected Exporters |
|
Table
9: Corn Supply and Disappearance: Selected Exporters |
|
Table 10: Barley Supply and Disappearance: Selected Exporters |
|
Table 11: Sorghum Supply and Disappearance: Selected Exporters |
|
Table 12: U.S. Grains Supply and Distribution: Wheat, Corn,
Sorghum, Barley, Oats, Rye, and Rice |
|
Table 13: Total Wheat and Coarse Grains: Supply and Demand |
|
Table 14: World Wheat and Coarse Grains: Supply and Demand |
|
Table 15: World Corn and Barley: Supply and Demand |
|
Table 16: World Rice: Supply and Demand |
|
Endnotes: Regional Table Definitions and other
notes. |
|
Additional Resources |
|
Production, Supply and Demand Database Online (PSD Online) |
|
World
Agricultural Supply and Demand Estimates (WASDE) |
|
Interagency
Commodity Estimates Committees (ICEC) |
| |
|
Grain Commodity Experts |
|
