FAO/GIEWS - Food Outlook March/April 19971

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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% Thai broken U.S. Long grain Total Quality Soybean oil 4/ Palm oil 5/ Index A 6/ Index B 6/

B 2/ 3/
High Low



January/December (U.S.$/ton) (1982-84=100) (U.S.$/ton) (1984-87=100)
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
1996 352 210 414 136 136 136 551 531 117 130
1996 - March 369 260 395 141 137 152 538 522 112 123
September 338 217 438 132 134 124 568 546 121 134
October 322 209 416 129 132 119 532 537 115 127
November 327 206 418 128 131 118 520 554 115 127
December 337 210 418 130 132 122 514 563 115 128
1997 - January 367 222 421 133 136 126 531 566 117 134
February 357 229 437 134 136 126 529 581 117 135
March I 354 231 441 )

539 558 116 136
II 344 229 441 )132 134 126 543 560 117 128
III 335 234 441 )

534 560 115 126

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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