Food Outlook 09/96

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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
Quality
Thai 1/ 100% B
Thai broken 2/
U.S. Long grain 3/
Total
High
Low
Soybean oil 4/
Palm oil 5/
Index A 6
Index B 6/
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 - August 354 293 343 135 128 157 591 610 122 127
1996 - March 369 260 395 141 138 152 538 522 112 123
April 345 247 401 135 132 144 547 517 114 127
May 353 246 408 135 134 139 538 522 112 123
June 363 237 419 137 137 139 583 562 121 133
July 371 229 447 139 140 135 608 575 126 140
August I 355 223 446 ) 610 565 125 138
II 348 223 446 ) 135 137 129 588 550 123 135
III 344 210 446 ) 588 550 123 135
IV 344 215 446 ) 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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