Food Outlook 10/96

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BASIC FACTS OF THE WORLD CEREAL SITUATION


1992/93 1993/94 1994/95 1995/96 1996/97
forecast
Change 1996/97
over 1995/96

WORLD PRODUCTION 1/

(. . . . . . . . . . . . . million ton . . . . . . . . . . . . . . . ) (percentage )

Wheat

566 564 527 545 571 + 4.8

Coarse grains

878 810 891 813 875 + 7.6

Rice, milled

355 356 362 372 375 + 0.8

(paddy)

(530) (531) (539) (554) (558) (+ 0.7)

All cereals (including milled rice)

1 799 1 730 1 779 1 730 1 821 + 5.2

Developing countries

914 934 928 964 988 + 2.5

Developed countries

885 797 851 766 833 + 8.8

WORLD IMPORTS 2/



Wheat

103 94 94 91 85 - 6.7

Coarse grains

93 85 90 91 82 - 9.0

Rice (milled)

15 16 21 19 19 - 2.1

All cereals

210 196 204 201 186 - 7.3

Developing countries

128 130 148 145 136 - 6.1

Developed countries

83 66 57 56 50 - 10.3

FOOD AID IN CEREALS 3/

15.2 12.8 9.3 7.7 4/

WORLD UTILIZATION



Wheat

555 569 553 554 564 + 1.9

Coarse grains

849 839 882 850 862 + 1.4

Rice (milled)

355 359 368 375 379 + 1.2

All cereals

1 760 1 767 1 803 1 778 1 805 + 1.5

Developing countries

996 1 017 1 049 1 077 1 095 + 1.7

Developed countries

764 750 754 701 710 + 1.3

Per Caput Food Use

( . . . . . . . . . . . . . . . . kg/year . . . . . . . . . . . . . . . . .)

Developing countries

170 170 170 170 170 -

Developed countries

128 130 129 129 130 + 0.7

WORLD STOCKS 5/

( . . . . . . . . . . . . . . . . million tons . . . . . . . . . . . . . )

Wheat

144 136 110 104 111 + 6.2

Coarse grains

169 140 147 109 118 + 8.0

Rice (milled)

67 63 54 53 49 - 7.9

All cereals

381 339 312 266 277 + 4.1

Developing countries

167 169 158 158 152 - 4.1

Developed countries

214 170 153 108 125 + 16.3

( . . . . . . . . . . . . .. percentage . . . . . . . . . . . . . .)

Stocks as % of world cereal consumption

22 19 18 15 15

EXPORT PRICES 3/

( . . . . . . . . . . . . . . . U.S.$/ton . . . . . . . . . . . . . . .)

Rice (Thai, 100%, 2nd grade) 1/

278 250 289 336 363 6/ + 14.5 7/

Wheat (U.S. No.2 Hard Winter)

143 143 157 216 198 8/ + 5.2 7/

Maize (U.S. No.2 Yellow)

97 113 104 159 192 8/ + 51.2 7/

OCEAN FREIGHT RATES 3/







From U.S. Gulf to Egypt

12.1 15.1 19.0 16.8 13.0 8/ - 31.8 7/

LOW-INCOME FOOD-DEFICIT COUNTRIES 9/

( . . . . . . . . . . . . . million tons . . . . . . . . . . . . . .)

Roots & tubers production 1/

325 339 340 342

Cereal production 1/

858 884 878 916 930 + 1.6

Per caput production (kg.)

250 253 247 254 253 - 0.2

Cereal imports 2/

65 62 74 76 63 - 17.0

of which: Food aid 3/

10.2 7.4 7.6 6.0


( . . . . . . . . . . . . . . percentage . . . . . . . . . . . . . . .)

Proportion of cereal import covered by food aid

16 12 10 8


SOURCE: FAO
Note: Totals and percentages computed from unrounded data.
1/ Data refer to the calendar year of the first year shown.
2/ July/June except for rice for which the data refer to the calendar year of the second year shown.
3/ July/June.
4/ Forecast based on donors' budgetary allocations and their minimum contributions under the Food Aid Convention (FAC) 1995.
5/ Stock data are based on aggregate of national carryover levels at the end of national crop years.
6/ Average of quotations for January-August 1996.
7/ Change from corresponding period of previous year for which figures are not shown.
8/ Average of quotations for July-August 1996
9/ Includes all food deficit countries with per caput income below the level used by the World Bank to determine eligibility for IDA assistance (i.e. U.S.$ 1 395 in 1994), which in accordance with the guidelines and criteria agreed to by the CFA should be given priority in the allocations of food aid.


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