Food Outlook 06/96

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Table A.10 - WORLD PRICES AND PRICE INDICES FOR RICE AND FATS AND OILS

RICE
FATS AND OILS
Export prices
FAO Indices
Import prices
FAO Indices
Thai 1/100% B
Thai broken 2/
U.S. Long grain 3/
Total
Quality
Soybean oil 4/
Palm oil 5/
Index A6/
Index B6/
High Low
January/December
( . . . U.S.$/ton . . . )
( . 1982-84=100 . )
( . U.S.$/ton .)
(1984-87=100)
1992 278 180 340 110 112 103 430 394 89 85
1993 250 161 326 100 102 92 479 378 93 100
1994 289 186 379 114 118 104 616 530 120 129
1995 336 268 361 129 124 146 625 626 129 136
1995 - May 308 240 343 119 115 133 591 610 122 127
December 355 286 397 141 136 160 582 588 124 135
1996 - January 378 275 385 143 139 156 558 538 118 132
February 379 259 383 140 136 152 547 517 114 127
March 369 260 395 141 138 152 538 522 112 123
April 345 247 401 136 134 144 583 562 121 133
May 2 348 238 408 ) 608 575 126 140
9 345 236 408 ) 136 135 138 610 565 125 138
16 348 248 408 ) 588 550 123 135
23 365 253 408 ) 575 533 122 134

SOURCES: FAO for indices. Rice prices: International rice brokers and trading companies. Vegetable oils prices: Ista Miekle & Co. "Oil World Weekly".
Note: The FAO Indices are calculated using the Laspeyres formula. The Rice Export Price Index is calculated for 15 export prices. In this table two groups representing "High" and "Low" quality rice are shown. In the Vegetable Oils Price Indices, Index "A" measures overall changes in prices expressed in U.S. dollars and Index "B" measures changes in prices expressed in importers' currencies. The basic prices are also the same for the two indices, those for the U.S. dollar price indices being the original quotations expressed in U.S. dollars, whereas those for the index of prices expressed in importers currencies are the same U.S. dollar quotations converted on the basis of a composite rate of exchange representing the average of the exchange rates into U.S. dollars of the currencies of main importing countries weighted by volume of imports.
1/ White rice, 100% second grade, f.o.b. Bangkok, indicative traded prices.
2/ A1 super, f.o.b. Bangkok, indicative traded prices
3/ U.S.No.2, 4% brokens f.a.s..
4/ Crude Dutch f.o.b. ex-mill.
5/ Indonesian origin f.f.a., c.i.f. north European ports.
6/ Edible/soap fats and oils.
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