FAO/GIEWS - Food Outlook February 1998

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Table A.7 - WORLD PRICES AND PRICE INDICES FOR RICE AND OILCROP PRODUCTS



RICE

OILCROP PRODUCTS


Export prices

FAO Indices

FAO Indices



Thai 1/
100%
Thai
broken
U.S. Long grain

Total

Quality

Marketing
years


Edible/ soap fats and oils

Oilcakes and
meals


B 2/ 3/

High

Low




January/December

( US$/ton ) ( 1982-84=100 )

Oct./Sept.

( 1990-92=100 )
1994 289 186 379 114 118 104 1988/89 104 118
1995 336 268 361 129 124 146 1989/90 94 97
1996 352 210 414 136 136 136 1990/91 99 100
1997 316 214 439 127 129 120 1991/92 105 104
1997 - January 367 222 431 132 134 126 1992/93 105 97
September 283 204 423 123 124 119 1993/94 130 93
October 278 198 429 121 123 114 1994/95 - oct.-mar. 160 91
November 267 189 433 118 121 112 - apr.-sep. 151 98
December 281 213 434 122 123 119 1995/96 - oct.-mar. 144 126
1998 - January I 300 190 429 ) - apr.-sep. 140 130
II 342 194 429 ) 123 126 113 1996/97 - oct.-mar. 137 134
III 292 181 429 ) - apr.-sep. 135 132
VI 310 182 429 ) 1997/98 - oct.-dec. 150 137

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 indices are calculated for 15 export prices. In this table two groups representing "High" and "Low" quality rice are shown. The price indices for oilcrop products are calculated for international prices of ten selected oils and fats and seven selected cakes and meals. The weights used are the average export values of each commodity for the 1990-92 period.
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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