Economic and Social Department

 global information and early warning system on food and agriculture

 food outlook
No. 3 Rome, June 2003

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Highlights

BASIC FACTS OF THE WORLD CEREAL SITUATION

Cereals

FOOD EMERGENCIES PERSIST IN MANY COUNTRIES

Current Production and Crop Prospects

Trade

Carryover Stocks

Large Reduction in World Cereal Stocks

Export Prices

Ocean Freight Rates

Cassava

Oilseeds, Oils and Oilmeals

Pulses

Sugar

Fertilizers

Appendix Tables

STATISTICAL NOTE

Appendix Tables

Table A.1 a) - WORLD CEREAL PRODUCTION

Top
  Wheat Coarse Grains
  2001 2002
estim.
2003
f’cast
2001 2002
estim.
2003
f’cast
 ( million tonnes )
ASIA 245.8 255.0 249.9 210.1 211.5 212.4
Bangladesh1.61.81.70.10.10.1
China 1/93.991.987.2125.2134.0129.6
India69.771.870.334.025.232.0
Indonesia---9.39.59.7
Iran, Islamic Rep. of9.512.512.83.54.54.3
Japan0.70.80.70.20.20.2
Kazakhstan12.712.610.83.03.12.5
Korea, D. P. R.0.10.10.11.61.81.5
Korea, Rep. of---0.50.40.4
Myanmar0.10.10.10.70.80.7
Pakistan19.019.720.62.22.22.1
Philippines---4.54.34.6
Saudi Arabia1.81.81.80.30.30.3
Thailand---4.74.54.5
Turkey18.520.021.010.210.810.6
Viet Nam---2.12.32.0
AFRICA 18.1 16.7 18.5 83.1 82.4 82.7
North Africa 12.9 12.1 14.2 10.0 10.1 10.7
Egypt6.36.66.67.87.67.6
Morocco3.33.44.01.31.92.0
Sub-Saharan Africa 5.2 4.6 4.4 73.1 72.2 72.1
Western Africa 0.1 0.1 0.1 33.4 33.8 33.6
Nigeria0.10.10.119.619.920.0
Central Africa - - - 2.5 2.6 2.6
Eastern Africa 2.2 1.9 1.8 22.5 20.0 19.4
Ethiopia1.61.31.38.07.46.9
Sudan0.20.30.25.13.53.9
Southern Africa 2.9 2.6 2.5 14.7 15.8 16.5
Madagascar---0.20.20.2
South Africa2.52.32.27.910.59.7
Zimbabwe0.30.20.21.60.61.0
CENTRAL AMERICA 3.3 3.3 3.0 31.1 28.5 29.0
Mexico3.33.33.027.624.725.4
SOUTH AMERICA 21.2 18.0 21.1 70.8 64.3 72.1
Argentina15.312.314.519.618.719.3
Brazil3.32.94.143.037.044.1
Colombia---1.41.41.4
NORTH AMERICA 73.8 59.7 82.2 285.1 264.9 305.9
Canada20.615.724.622.719.827.4
United States53.344.057.5262.4245.2278.5
EUROPE 201.7 209.9 185.0 224.1 219.2 221.2
Bulgaria4.13.62.42.02.52.1
EU 92.2104.4103.2107.9106.7106.8
Hungary5.23.94.29.67.78.5
Poland9.39.38.417.717.317.1
Romania7.84.46.010.39.811.4
Russian Fed.47.050.636.535.733.733.6
Ukraine21.319.810.617.116.218.5
OCEANIA 25.2 9.7 24.6 13.3 7.6 10.3
Australia24.99.424.312.87.09.7
WORLD 589.1 572.3 584.3 917.6 878.4 933.7
Developing countries263.1265.5267.7382.1370.9381.9
Developed countries326.0306.8316.6535.5507.5551.8
Source: FAO
Note: Totals computed from unrounded data.
1/ Including Taiwan Province.

Table A.1 b) - WORLD CEREAL PRODUCTION

Top
  Rice (paddy) Total Cereals 1 /
  2001 2002
estim.
2003
f’cast
2001 2002
estim.
2003
f’cast
 ( million tonnes )
ASIA 544.4 524.4 539.4 1 000.3 991.0 1 001.7
Bangladesh36.439.539.638.141.341.4
China 2/179.3176.5172.7398.3402.5389.4
India139.6115.4130.0243.3212.4232.2
Indonesia50.551.451.459.860.961.1
Iran, Islamic Rep. of2.02.72.814.919.619.9
Japan11.311.110.912.312.211.8
Kazakhstan0.20.20.215.915.913.5
Korea, D. P. R.2.12.22.13.84.13.7
Korea, Rep. of7.56.76.87.97.07.2
Myanmar21.922.823.522.723.724.3
Pakistan5.86.37.127.028.229.8
Philippines13.113.213.517.617.518.1
Saudi Arabia---2.12.12.1
Thailand26.525.927.031.230.431.5
Turkey0.40.40.429.131.232.0
Viet Nam32.034.134.234.136.436.2
AFRICA 17.3 17.9 18.2 118.5 116.9 119.5
North Africa 5.3 6.1 6.0 28.2 28.3 30.8
Egypt5.26.06.019.320.320.2
Morocco---4.65.36.0
Sub-Saharan Africa 12.0 11.9 12.2 90.3 88.7 88.6
Western Africa 7.6 7.5 7.6 41.0 41.4 41.3
Nigeria3.33.43.523.023.323.6
Central Africa 0.4 0.4 0.4 3.0 3.0 3.0
Eastern Africa 1.1 1.0 1.0 25.8 23.0 22.2
Ethiopia---9.68.78.1
Sudan---5.43.84.1
Southern Africa 2.9 3.0 3.1 20.5 21.3 22.1
Madagascar2.72.72.82.92.93.0
South Africa---10.412.811.8
Zimbabwe---1.90.71.2
CENTRAL AMERICA 2.3 2.3 2.4 36.7 34.1 34.4
Mexico0.20.20.331.128.228.6
SOUTH AMERICA 19.9 19.8 19.7 111.9 102.2 112.9
Argentina0.90.70.835.731.834.5
Brazil10.410.610.656.750.558.8
Colombia2.32.42.43.73.83.8
NORTH AMERICA 9.8 9.6 9.0 368.7 334.2 397.1
Canada---43.335.452.0
United States9.89.69.0325.4298.7345.1
EUROPE 3.2 3.2 3.3 428.9 432.3 409.6
Bulgaria---6.06.14.5
EU2.62.62.7202.7213.7212.7
Hungary---14.811.612.7
Poland---27.026.625.5
Romania---18.114.217.4
Russian Fed.0.50.50.583.284.870.6
Ukraine0.10.10.138.536.029.2
OCEANIA 1.8 1.3 0.4 40.3 18.7 35.3
Australia1.81.30.439.417.734.4
WORLD 598.6 578.7 592.5 2 105.3 2 029.4 2 110.4
Developing countries572.2553.0568.2 1 217.4 1 189.4 1 217.8
Developed countries26.425.724.2887.9840.0892.6

Source: FAO
Note: Totals computed from unrounded data.
1/ Rice is included in the cereal total in paddy terms. 2/ Including Taiwan Province

Table A.2 a) - WORLD IMPORTS OF CEREALS

Top
  Wheat (July/June) 1 / Coarse Grains (July/June)
  2001/02 2002/03
estim.
2003/04
f'cast
2001/02 2002/03
estim.
2003/04
f'cast
 ( million tonnes )
ASIA 46.7 42.9 43.5 57.4 56.0 57.9
Bangladesh1.71.71.70.10.10.1
China2.01.62.67.77.68.3
Taiwan Province1.01.11.15.35.05.2
Georgia0.50.50.5---
India0.10.10.10.20.30.2
Indonesia4.04.04.11.11.31.4
Iran, Islamic Rep. of5.92.52.22.01.21.2
Iraq 3.02.52.80.10.10.1
Israel1.51.61.51.41.21.2
Japan5.75.75.819.919.819.8
Korea, D. P. R.0.30.40.40.50.30.4
Korea, Rep. of4.03.83.58.68.99.5
Malaysia1.31.41.42.42.42.5
Pakistan0.30.51.50.10.10.2
Philippines3.13.43.20.40.40.4
Saudi Arabia0.10.10.17.06.77.0
Singapore0.30.30.30.20.20.2
Sri Lanka0.80.80.90.20.10.1
Syria0.30.50.20.91.10.6
Thailand0.90.80.9---
Yemen2.02.02.00.30.20.2
AFRICA 26.2 26.4 25.4 15.1 17.3 15.3
North Africa 17.0 17.3 16.0 11.4 11.1 10.5
Algeria4.74.84.92.12.22.1
Egypt6.86.56.65.55.35.4
Morocco2.92.72.01.71.51.3
Tunisia1.31.81.01.51.41.0
Sub-Saharan Africa 9.2 9.1 9.4 3.7 6.2 4.9
Côte d'Ivoire0.30.30.3---
Ethiopia0.30.50.9-0.30.1
Kenya0.50.60.60.50.70.8
Nigeria2.52.52.50.10.10.1
Senegal0.30.30.30.10.1-
Sudan1.10.91.00.10.10.1
South Africa0.50.60.60.70.70.6
CENTRAL AMERICA 6.6 6.9 7.0 12.8 13.6 14.7
Cuba1.01.01.00.20.30.3
Dominican Rep.0.30.30.30.70.70.7
Mexico3.03.23.29.610.211.3
SOUTH AMERICA 11.8 11.7 11.1 6.1 5.9 5.8
Brazil6.86.86.00.60.70.3
Chile0.30.30.41.21.11.3
Colombia1.21.21.22.32.32.4
Peru1.31.31.30.80.70.7
Venezuela1.31.21.30.70.50.7
NORTH AMERICA 2.9 2.0 2.6 6.5 6.9 4.4
Canada0.10.20.23.94.72.1
United States2.91.82.42.62.22.4
EUROPE 13.3 14.7 9.8 7.9 7.2 6.8
Belarus0.50.40.30.30.20.2
EU 2/10.011.05.04.13.83.2
Poland0.30.30.60.30.30.3
Romania-0.30.20.20.10.1
Russian Fed.0.50.20.40.80.60.9
Ukraine0.10.50.90.10.30.1
OCEANIA 0.4 0.8 0.6 0.1 0.2 0.1
New Zealand0.20.20.2---
WORLD 107.9 105.4 100.0 105.9 107.1 105.0
Developing countries81.178.277.369.371.072.1
Developed countries26.827.222.836.636.132.9

Source: FAO
Note: Totals computed from unrounded data.
1/ Including wheat flour in wheat grain equivalent, but excluding semolina.
2/ Excluding trade between the EU member countries.

Table A.2 b) - WORLD IMPORTS OF CEREALS

Top
  Rice (milled) Total Cereals 1 /
  2002 2003
estim.
2004
f'cast
2001/02 2002/03
estim.
2003/04
f'cast
 ( million tonnes )
ASIA 14.2 13.3  118.4 112.2 
Bangladesh0.50.5 2.42.3 
China0.40.4 10.09.6 
Taiwan Province0.10.2 6.56.3 
Georgia-- 0.50.5 
India-- 0.20.4 
Indonesia3.53.4 8.68.7 
Iran, Islamic Rep. of1.00.7 8.94.4 
Iraq1.21.0 4.33.6 
Israel0.10.1 3.02.9 
Japan0.70.7 26.226.1 
Korea, D. P. R.0.70.7 1.51.4 
Korea, Rep. of0.20.2 12.812.9 
Malaysia0.60.5 4.34.3 
Pakistan-- 0.40.6 
Philippines1.31.1 4.84.9 
Saudi Arabia0.80.8 7.97.6 
Singapore0.40.5 0.90.9 
Sri Lanka0.10.1 1.11.0 
Syria0.20.2 1.41.8 
Thailand-- 0.90.8 
Yemen0.30.3 2.52.4 
AFRICA 8.4 7.8  49.7 51.5 
North Africa 0.2 0.3  28.6 28.6 
Algeria0.10.1 6.87.1 
Egypt-- 12.311.8 
Morocco-- 4.64.2 
Tunisia-- 2.73.2 
Sub-Saharan Africa 8.2 7.6  21.1 22.9 
Côte d'Ivoire1.00.9 1.31.2 
Ethiopia-- 0.40.7 
Kenya0.20.2 1.31.5 
Nigeria1.81.7 4.44.3 
Senegal0.70.7 1.01.0 
Sudan-- 1.31.0 
South Africa0.60.6 1.81.9 
CENTRAL AMERICA 1.9 2.0  21.3 22.5 
Cuba0.60.6 1.71.8 
Dominican Rep.-- 1.01.0 
Mexico0.50.6 13.214.0 
SOUTH AMERICA 0.8 1.4  18.7 19.0 
Brazil0.61.1 8.08.5 
Chile0.10.1 1.51.5 
Colombia0.10.1 3.63.6 
Peru-- 2.12.0 
Venezuela-0.1 2.01.8 
NORTH AMERICA 0.7 0.7  10.1 9.6 
Canada0.30.3 4.25.2 
United States0.40.4 5.94.3 
EUROPE 1.7 1.6  22.9 23.6 
Belarus-- 0.80.6 
EU 2/0.70.7 14.815.5 
Poland0.10.1 0.70.7 
Romania0.10.1 0.30.5 
Russian Fed.0.40.4 1.71.2 
Ukraine0.10.1 0.30.9 
OCEANIA 0.4 0.4  0.8 1.3 
New Zealand-- 0.20.2 
WORLD 28.1 27.1 26.0 3/ 242.0 239.6 231.0
Developing countries24.123.222.1174.5172.4171.5
Developed countries4.04.03.967.567.259.6

Source: FAO
Note: Totals computed from unrounded data.
1/ Trade in rice refers to the calendar year of the second year shown.
2/ Excluding trade between the EU member countries.
3/ Highly tentative.

Table A.3 a) - WORLD EXPORTS OF CEREALS

Top
  Wheat (July/June) 1 / Coarse Grains (July/June)
  2001/02 2002/03
estim.
2003/04
f'cast
2001/02 2002/03
estim.
2003/04
f'cast
 ( million tonnes )
ASIA 11.5 15.4 11.8 8.3 16.5 9.7
China 2/0.91.00.86.414.58.0
India3.55.03.0---
Indonesia---0.10.10.1
Japan0.40.40.4---
Kazakhstan3.85.24.00.40.40.4
Myanmar---0.10.20.1
Pakistan0.61.00.6---
Syria0.50.60.6---
Thailand---0.20.10.1
Turkey0.61.01.00.60.70.5
Viet Nam------
AFRICA 0.6 0.6 0.6 2.3 2.1 1.6
Egypt------
Ethiopia---0.1--
Nigeria---0.10.10.1
South Africa0.10.30.21.41.31.0
Sudan---0.10.10.1
Uganda---0.30.10.1
CENTRAL AMERICA 0.7 0.7 0.7 0.2 0.3 0.3
SOUTH AMERICA 11.0 6.6 9.6 15.1 12.7 14.5
Argentina11.06.59.59.610.510.7
Brazil---5.02.03.5
Paraguay0.10.1-0.30.20.2
Uruguay--0.10.10.10.1
NORTH AMERICA 42.2 33.7 39.5 59.0 53.7 58.8
Canada16.09.715.03.02.14.8
United States26.224.024.556.051.654.0
EUROPE 26.9 40.8 23.3 17.3 19.2 17.4
Bulgaria0.81.10.50.30.70.4
Czech Rep.0.80.50.40.30.30.2
EU 3/11.414.514.06.37.97.5
Hungary2.10.91.03.11.41.9
Romania0.80.71.00.60.60.8
Russian Fed.4.513.53.02.63.32.0
Ukraine5.58.02.53.54.24.1
OCEANIA 16.6 7.8 14.5 5.1 2.1 2.8
Australia16.67.814.55.12.02.8
WORLD 109.6 105.6 100.0 107.3 106.5 105.0
Developing countries19.517.318.024.129.824.6
Developed countries90.188.381.983.276.780.4

Source: FAO
Note: Totals computed from unrounded data.
1/ Including wheat flour in wheat grain equivalent, but excluding semolina.
2/ Including Taiwan Province.
3/ Excluding trade between the EU member countries.

Table A.3 b) - WORLD EXPORTS OF CEREALS

Top
  Rice (milled) Total Cereals 1 /
  2002 2003
estim.
2004
f'cast
2001/02 2002/03
estim.
2003/04
f'cast
 ( million tonnes )
ASIA 22.5 21.2  42.4 53.0 
China 2/2.12.1 9.417.6 
India6.64.0 10.19.0 
Indonesia-- 0.10.1 
Japan0.30.6 0.71.0 
Kazakhstan-- 4.25.7 
Myanmar1.01.1 1.01.3 
Pakistan1.61.9 2.22.9 
Syria-- 0.50.6 
Thailand7.37.5 7.57.6 
Turkey-- 1.21.7 
Viet Nam3.23.9 3.33.9 
AFRICA 0.4 0.6  3.2 3.3 
Egypt0.40.6 0.40.6 
Ethiopia-- 0.1- 
Nigeria-- 0.10.1 
South Africa-- 1.51.6 
Sudan-- 0.10.1 
Uganda-- 0.30.1 
CENTRAL AMERICA - -  1.0 1.0 
SOUTH AMERICA 1.2 1.2  27.3 20.6 
Argentina0.20.3 20.717.2 
Brazil-- 5.02.0 
Paraguay-- 0.40.2 
Uruguay0.60.6 0.70.7 
NORTH AMERICA 3.3 3.6  104.6 90.9 
Canada-- 19.011.8 
United States3.33.6 85.579.2 
EUROPE 0.3 0.3  44.5 60.3 
Bulgaria-- 1.11.8 
Czech Rep.-- 1.10.8 
EU 3/0.30.3 17.922.7 
Hungary-- 5.22.3 
Romania-- 1.41.3 
Russian Fed.-- 7.016.8 
Ukraine-- 9.012.2 
OCEANIA 0.4 0.2  22.1 10.1 
Australia0.40.2 22.110.0 
WORLD 28.1 27.1 26.0 4/ 245.0 239.2 231.0
Developing countries23.922.522.067.469.664.6
Developed countries4.24.64.0177.6169.6166.3

Source: FAO
Note: Totals computed from unrounded data.
1/ Trade in rice refers to the calendar year of the second year shown.
2/ Including Taiwan Province.
3/ Excluding trade between the EU member countries.
4/ Highly tentative.

Table A.4 – CEREALS: Supply and Utilization in Main Exporting Countries (National Crop Years)

Top
  Wheat 1/ Coarse Grains 2/ Rice (milled basis)
  2001/02 2002/03
estim.
2003/04
f'cast
2001/02 2002/03
estim.
2003/04
f'cast
2001/02 2002/03
estim.
2003/04
f'cast
 ( million tonnes )
  UNITED STATES (June/May) UNITED STATES UNITED STATES (Aug./July)
Opening stocks23.821.112.252.745.130.40.91.20.7
Production53.344.057.5262.4245.2278.56.76.56.2
Imports2.92.02.42.32.42.40.40.40.4
Total Supply 80.0 67.1 72.1 317.3 292.6 311.3 8.0 8.17.3
Domestic use32.731.132.3217.5215.7219.43.93.83.9
Exports26.223.825.054.746.455.02.93.62.7
Closing stocks21.112.214.845.130.436.91.20.70.7
  CANADA (August/July) CANADA THAILAND (Nov./Oct.) 3/
Opening stocks9.76.54.94.43.63.21.82.5 
Production20.615.724.622.719.827.417.617.2 
Imports0.10.20.24.14.62.20.00.0 
Total Supply 30.3 22.5 29.7 31.2 27.9 32.7 19.4 19.7 
Domestic use7.68.18.124.222.524.39.59.8 
Exports16.29.515.23.42.34.57.37.5 
Closing stocks6.54.96.43.63.24.02.52.4 
  ARGENTINA (Dec./Nov.) ARGENTINA CHINA (Jan./Dec.) 3/ 4/
Opening stocks0.60.70.51.21.20.9106.592.9 
Production15.312.314.519.618.719.3122.9121.0 
Imports0.00.00.00.00.10.00.40.4 
Total Supply 15.9 13.0 15.0 20.9 20.0 20.2 229.8 214.3 
Domestic use4.95.05.09.49.29.0134.8134.0 
Exports10.37.59.310.29.910.62.12.1 
Closing stocks0.70.50.71.20.90.692.978.2 
  AUSTRALIA (Oct./Sept.) AUSTRALIA PAKISTAN (Nov./Oct.) 3/
Opening stocks3.85.72.01.22.31.01.00.6 
Production24.99.424.312.87.09.73.94.2 
Imports0.00.40.10.00.20.00.00.0 
Total Supply 28.6 15.4 26.4 14.0 9.4 10.7 4.9 4.8 
Domestic use6.25.46.36.86.66.12.72.8 
Exports16.78.014.75.01.83.01.61.9 
Closing stocks5.72.05.42.31.01.60.60.1 
  EU (July/June) 5/ EU 5/ VIET NAM (Nov./Oct.) 3/
Opening stocks14.513.216.817.119.319.44.04.5 
Production92.1104.1103.2108.0106.7106.721.322.7 
Imports10.011.05.04.13.83.20.00.0 
Total Supply 116.6 128.3 125.0 129.2 129.8 129.3 25.3 27.2 
Domestic use91.995.894.0103.6102.5105.117.618.4 
Exports11.515.714.26.37.97.53.23.9 
Closing stocks13.216.816.819.319.416.74.54.9 
TOTAL ABOVE          
Opening stocks52.347.236.376.771.454.9114.2101.7 
Production206.1185.4224.1425.5397.4441.6172.4171.6 
Imports13.013.67.710.511.07.70.80.8 
Total Supply 271.4 246.2 268.2 512.6 479.8 504.2 287.4 274.1 
Domestic use143.4145.4145.7361.6356.5363.8168.5168.8 
Exports80.964.578.479.668.480.617.219.0 
Closing stocks47.236.344.171.454.959.8101.786.3 

Source: FAO
Note: Totals computed from unrounded data.
1/ Trade data include wheat flour in wheat grain equivalent. For the EU semolina is also included.
2/ Argentina (Dec./Nov.) for rye, barley and oats, (March/February) for maize and sorghum; Australia (November/October) for rye, barley and oats, (March/February) for maize and sorghum; Canada (August/July); EU (July/June); United States (June/May) for rye, barley and oats, (September/August) for maize and sorghum.
3/ Rice trade data refer to the calendar year of the second year shown.
4/ Including Taiwan province.
5/ Excluding trade between the EU member countries.

Table A.5 - WORLD CEREAL STOCKS: Estimated Total Carryovers of Cereals 1/

Top
  Crop Years ending in:
  1998 1999 2000 2001 2002 2003
estim.
2004
f’cast
 ( million tonnes )
TOTAL CEREALS 667.0 686.8 685.0 632.7 579.4 467.8 399.0
Wheat 257.9 263.4 257.5 243.3 224.1 178.8 141.9
held by:       
- main exporters 2/39.350.750.452.347.236.344.1
- others218.7212.7207.1190.9176.8142.497.8
Coarse Grains 256.4 266.1 259.4 224.7 205.0 166.8 153.8
held by:       
- main exporters 2/69.379.777.076.771.454.959.8
- others187.0186.5182.3148.0133.6111.994.0
Rice (milled basis) 152.7 157.3 168.1 164.8 150.3 122.2 103.3
held by:       
- main exporters 2/115.7117.2119.7114.2101.786.370.8
excl. China 3/4.54.16.77.78.88.18.7
- others37.040.148.450.648.635.932.5
BY REGIONS       
Developed Countries 169.2 171.1 164.7 160.5 167.3 140.0 146.4
Australia3.83.04.25.18.23.2 
EU35.136.634.232.032.936.7 
Canada10.412.513.614.110.18.1 
Hungary2.82.62.01.31.41.4 
Japan6.76.05.75.34.94.9 
Poland4.04.23.71.52.32.0 
Romania5.03.53.61.02.81.5 
Russian Fed.18.05.84.96.513.412.5 
South Africa3.72.31.73.01.82.8 
Ukraine4.52.22.22.35.25.1 
United States58.777.875.677.467.443.3 
Developing Countries 497.8 515.7 520.3 472.2 412.1 327.8 252.6
Asia 460.9 477.1 482.6 438.0 374.7 295.9 
China 3/369.6376.7369.6318.7262.2206.9 
India42.947.357.463.660.341.3 
Indonesia5.55.65.95.73.64.0 
Iran, Islamic Rep. of3.93.64.13.34.13.4 
Korea, Rep. of2.82.83.33.23.43.3 
Pakistan7.18.67.97.94.81.1 
Philippines2.02.61.92.01.92.1 
Syria4.04.24.03.65.36.2 
Turkey7.49.48.38.76.86.0 
Africa 22.0 26.1 23.7 20.5 21.3 19.3 
Algeria2.12.62.01.31.71.6 
Egypt3.74.54.13.93.73.3 
Ethiopia1.90.80.90.30.50.2 
Morocco2.54.73.01.71.81.9 
Nigeria1.91.91.62.22.32.3 
Tunisia1.91.92.12.12.22.0 
Central America 5.1 6.2 6.3 5.9 6.6 5.2 
Mexico3.95.04.84.55.44.0 
South America 9.6 6.2 7.6 7.7 9.4 7.2 
Argentina2.11.71.61.92.01.5 
Brazil4.91.52.71.94.33.2 
        

Source: FAO
Note: Based on official and unofficial estimates. Totals computed from unrounded data.
1/ Stock data are based on an aggregate of carryovers at the end of national crop years and do not represent world stock levels at any point in time.
2/ The major wheat and coarse grains exporters are Argentina, Australia, Canada, the EU and the United States. The major rice exporters are China (including Taiwan Province), Pakistan, Thailand, the United States and Viet Nam. See Table A.4 for country details.
3/ Including Taiwan Province.

Table A.6 – SELECTED EXPORT PRICES OF CEREALS AND SOYBEANS

Top
  Wheat Maize Sorghum Soybeans
U.S. No.2 Hard
Red Winter Ord.
Prot.
1 /
U.S. Soft Red
Winter No.2
1 /
Argentina
Trigo Pan
2 /
U.S. No.2
Yellow
1 /
Argentina
2 /
U.S. No.2
Yellow
1 /
U.S. No.2
Yellow
1 /
 ( US$/tonne )
July/June       
1998/1999120100116959892203
1999/200011297112919089190
2000/2001128101124868493184
2001/2002127113119908995182
2002 – May123112131919091189
November180159136109108122225
December 165146130107104117223
2003 – January 153138138106102113225
February 15514214610699113226
March14612914910595104224
April 14312614310599108217
May I 144122149105101101239
II 154136154111107105246
III150135163108106103243
IV141131161107103102240

Sources: International Grain Council and USDA.
1/ Delivered U.S. Gulf ports. 2/ Up River f.o.b.

Table A.7 - PRICE INDICES AND SELECTED EXPORT PRICES FOR RICE

Top
  Export Prices FAO Indices
Calendar years Thai
100% B
Thai
broken
U.S.
Long grain
Pakistani
Basmati
Total Indica Japonica Aromatic
1 / 2 / 3 / 4 /  High
quality
Low
quality
  
January/December( U.S.$/tonne )( 1998-2000=100 )
19992531923334861019910110598
20002071432714188484838389
20011771352643327474747669
20021971512073667273756774
2002 - May2041492013627273756771
2003 - January 2031512043697372756783
February2011492003697272756685
March1981442123697373756691
April1981402513367776777390
May I198141275336)     
II200141286336)     
III204142291n.a.) 8079787792
IV204145291n.a.)    

Sources: FAO for indices. Rice prices: Jackson Son & Co. (London) Ltd. and other public sources.
Note: The FAO Rice Price Index is based on 16 rice export quotations. 'Quality' is defined by the precentage of broken kernels, with high (low) quality referring to rice with less (equal to or more) than 20 percent brokens. The Sub-Index for Aromatic Rice follows movements in prices of Basmati and Fragrant rice.
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.o.b. 4/ Basmati: ordinary, f.o.b. Karachi.

Table A.8 – PRICE INDICES AND SELECTED INTERNATIONAL PRICES FOR OILCROP PRODUCTS

Top
  FAO Indices International Prices
Marketing years Oilseeds Edible/Soap
Fats/Oils
Oilcakes/ Meals Soybeans 1/ Soybean
Oil 2/
Palm
Oil 3/
Soybean
Cake 4/
Rapeseed
Meal 5/
October/September(.1990-92=100.)( U.S.$/tonne )
          
1997/98 109154116256634641197138
1998/99 8912582209483514149104
1999/00 839189209355337180124
2000/01Oct.-Mar.827698206314254198146
 Apr.-Sep828694197356289178135
2001/02Oct.-Mar.8395100188378323175135
 Apr.-Sep90107104213445392174122
2002/03Oct.-Mar.103124106241543442186133
 Apr.-May109123108258534413195157

Sources: FAO and Oil World.
Note: The FAO indices are calculated using the Laspeyres formula; the weights used are the average export values of each commodity for the 1990-92 period. The indices are based on the international prices of five selected seeds, ten selected oils and fats and seven selected cakes and meals.
1/ Soybeans (US, No.2 yellow, c.i.f. Rotterdam). 2/ Soybean oil (Dutch, fob ex-mill). 3/ Palm oil (Crude, c.i.f. North West Europe). 4/ Soybean cake (Pellets, 44/45%, Argentina, c.i.f. Rotterdam). 5/ Rapeseed meal (34%, Hamburg, f.o.b. ex-mill).

Table A.9 - WHEAT AND MAIZE FUTURES PRICES

Top
  July September December March
this year last year this year last year this year last year this year last year
 ( US$/tonne.)
WHEAT        
April 22106100108103112107114110
2910497106100110104112108
May 6108102110106113109116108
13 122102123104127108129110
20123102125104128107129109
27120100122102126106127108
MAIZE        
April 229480948394869689
299179918292859489
May 69379938294869789
13 99859887989110094
209783968696899892
279582948495889791

Source: Chicago Board of Trade

Table A.10 - OCEAN FREIGHT RATES FOR WHEAT

Top
  From U.S. Gulf ports to: From North Pacific ports to:
Rotterdam
1/
CIS
Black Sea
1/ 2/
Egypt
(Alexandria)
1/
Bangladesh
1/
China
1 /
Japan
1/
 ( US$/tonne )
July/June      
1997/989.6018.1011.7020.1727.0028.00
1998/999.4225.459.2518.7527.0029.17
1999/200012.6040.9713.6518.5027.0032.83
2000/200113.1040.9715.0018.3127.0036.31
2001/200211.0040.9715.0018.5026.9234.19
2002 - May10.5040.9715.0018.5027.0033.00
October10.7540.9715.0018.5027.0029.00
November10.7540.9715.0018.5027.0029.00
December10.7540.9715.0018.5027.0029.00
2003 - January10.7540.9715.0018.5027.0029.00
February12.0040.9715.0018.5027.0029.00
March12.00 40.9717.0026.0027.0029.00
April16.0040.9721.0032.0027.0035.00
May16.0040.9721.0032.0027.0035.00

Source: International Grain Council
Note: Estimated mid-month rates based on current chartering practices for vessels ready to load three to four weeks ahead.
1/ Size of vessels: Rotterdam over 40 000 tonnes; CIS 20-40 000 tonnes; Egypt over 30 000 tonnes; Bangladesh over 40 000 tonnes; China 20-35 000 tonnes; Japan 15-24 999 tonnes.
2/ Excludes CIS and United States flag vessels.

Table A.11 - SELECTED INTERNATIONAL COMMODITY PRICES

Top
  Currency
and Unit
Effective
Date
Latest
Quotation
1 month
ago
1 year
ago
Average
1989-91
Sugar (I.S.A. daily price)US cents per lb30.05.037.147.446.2511.4
Coffee (I.C.O. daily price)US cents per lb22.05.0353.353.447.576.7
Cocoa (I.C.C.O. daily price)US cents per lb22.05.0377.088.674.156.0
Tea (total tea, Mombasa)US$ per kg.13.05.031.531.501.351.5
Bananas (Central America,€ per tonne25.05.03 945 1/958 1/1 031 1/566
f.o.b., Hamburg)  765 2/785 2/ 880 2/ 
Cotton (COTLOOK, index “A” 1-3/32")US cents per lb23.05.0357.860.640.078.5
Jute “BWD” f.o.b. Mongla at sightUS cents per lb23.05.03245245n.a.391.2
Wool (64's, London)Pence per kg14.03.03572570460466

Source: FAO
1/ EU duty paid, estimated. 2/ Estimated price for EFTA markets.

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