FAO/GIEWS - Food Outlook July/August/September 1997

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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 - August 347 217 450 136 138 129 564 512 118 130
1997 - March 338 232 451 131 133 126 538 558 116 134
April 312 218 445 126 129 117 540 562 116 135
May 335 216 445 128 132 116 546 559 117 135
June 336 220 453 130 132 121 549 534 115 134
July 337 216 447 130 132 121 538 495 112 133
August I 310 218 442 ) 553 500 113 136
II 305 216 420 ) 112 110 121 543 500 112 134
III 295 204 420 ) 537 503 111 134

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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