FAO/GIEWS - Food Outlook May/June 1997 Table A.7

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Table A.7 - 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
broken2/
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)
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 - May 336 268 361 136 135 139 592 548 122 136
December 337 210 418 130 132 122 514 563 115 128
1997 - January 367 222 421 132 134 126 531 566 117 134
February 357 229 437 133 135 126 529 581 117 136
March 338 232 441 131 133 126 538 558 116 134
April 312 218 435 126 129 117 540 562 116 135
May I 332 214 435 ) 559 573 118 138
II 336 216 435 ) 557 565 118 137
III 345 218 435 ) 128 132 116 538 560 117 135
IV 335 217 435 ) 527 550 115 133

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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