FAO/GIEWS - Food Outlook No. 3, June 1998 Page 10

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$/tonne)			(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 - May	335	216	445	128		132	116	1992/93	105	97
1998 - January	311	187	429	124		126	115	1993/94	130	93
February	304	190	423	124		127	115	1994/95 - oct.-mar.	160	91
March	308	194	418	125		126	120	- apr.-sep.	151	98
April	319	196	416	127		128	123	1995/96 - oct.-mar.	144	126
May I	326	197	423	)				- apr.-sep.	140	130
II	322	196	423	) 128		130	123	1996/97 - oct.-mar.	137	134
III	330	194	429	)				- apr.-sep.	135	132
VI	342	194	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.

White rice, 100% second grade, f.o.b. Bangkok, indicative traded prices.

A1 super, f.o.b. Bangkok, indicative traded prices 3/ U.S.No.2, 4% brokens f.a.s..

Crude Dutch f.o.b. ex-mill.

Indonesian origin f.f.a., c.i.f. north European ports.

Edible/soap fats and oils.