Food Outlook 10/96 Appendix Table

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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 A 6/ Index B 6/





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 - October 404 300 427 151 145 170 638 614 131 141
1996 - March 369 260 395 141 138 152 538 522 112 123
April 345 247 401 135 133 144 583 562 121 133
May 353 246 408 136 133 139 592 548 122 136
June 363 237 419 138 138 139 558 506 117 130
July 371 229 447 140 141 135 542 472 114 126
August 347 217 446 136 139 129 564 512 118 129
September 338 217 438 134 136 126 568 546 121 133
October I 320 210 419 )

533 550 118 131
II 310 207 419 )129 131 121 536 550 118 131

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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