No.4  November 2006  
   Crop Prospects and Food Situation

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Highlights

Food Emergencies Update

Global cereal supply and demand brief

Low-Income Food-Deficit Country food situation overview

Regional reviews

Special features

Statistical Appendix

Terminology and Notes

Statistical Appendix

Table A1. Selected Cereal Market Indicators

  Average 2002/03 2003/04 2004/05 2005/06 2006/07
  1999/00    Forecast as of
  2003/04     Oct. Nov.
1. Ratio of World Stocks to Utilization       
Wheat36.333.726.028.228.124.123.2
Coarse Grains20.317.015.119.318.616.214.9
Rice33.029.225.523.825.024.824.4
Cereals (total)27.924.720.522.922.820.419.4
        
2. Ratio of Five Major Grain Exporters       
Supplies to Normal Market Requirements1.21.11.21.41.31.21.2
        
3. Closing Stocks as a percentage of       
Total Disappearance of Major Exporters       
Wheat20.418.617.021.723.115.213.8
Coarse Grains15.013.110.819.017.712.810.5
Rice21.615.715.913.215.716.315.0
Cereals (total)19.015.814.518.018.814.713.1
        
  Annual Trend Percentage Change from Previous Year
  Growth Rate      
        
  1996-2005 2002 2003 2004 2005 2006
      Forecast as of
       Oct. Nov.
4. Changes in World Cereal Production0.9-3.83.49.2-1.2-1.6-2.7
        
5. Changes in Cereal Production        
In the LIFDCs0.7-2.02.93.34.72.12.1
        
6. Changes in Cereal Production in        
LIFDCs less China and India2.32.98.4-0.86.12.43.5
        
  Average Percentage Change from Previous Year
  1999/00      
  2003/04 2002/03 2003/04 2004/05 2005/06 2006/07
      Forecast as of
7. Selected Cereal Price Indices:      Oct. Nov.
Wheat (July/June)105.721.3-1.1-1.05.216.818.7
Maize (July/June)98.818.67.1-15.26.417.826.1
Rice (Jan/Dec)83.1-3.914.726.7-1.04.75.2

Notes:
Utilization is defined as the sum of food use, feed and other uses.
Cereals refer to wheat, coarse grains and rice; Grains refer to wheat and coarse grains.
Major Grain Exporters are Argentina, Australia, Canada, the EU, and the United States; Major Rice Exporters are India, Pakistan, Thailand, States, and Viet Nam.
Normal Market Requirements for major grain exporters are defined as the average of domestic utilization plus exports in the three preceding seasons.
Disappearance is defined as domestic utilization plus exports for any given season.
Price indices The wheat price index has been constructed based on the IGC wheat price index, rebased to

July/June 1997/98-1999/00 = 100; For maize, the U.S. maize No. 2 Yellow (delivered U.S. Gulf ports) with base July/June, 1997/98-1999/00 = 100;

For rice, the FAO Rice Price Index, 1998-2000=100, is based on 16 rice export quotations. For 2006/07, all price indices are calculated based on average selected prices from the beginning of the seasons up to Nov 2006. Rice index refers to the first year shown.


Table A2. World cereal stocks 1 (million tonnes)

,1,4,8,12,*,1,> 2002 2003 2004 2005 2006
estimate
2007
forecast
TOTAL CEREALS 575.8 484.5 415.8 467.7 469.0 402.9
Wheat 237.1 202.6 160.7 175.5 174.7 147.0
held by:      
- main exporters 249.039.138.555.058.034.5
- others188.1163.5122.2120.5116.6112.5
Coarse Grains 195.9 162.5 149.6 193.0 189.0 151.2
held by:      
- main exporters270.355.348.593.890.253.5
- others125.6107.2101.199.298.897.7
Rice (milled basis) 142.8 119.4 105.4 99.2 105.3 104.7
held by:      
- main exporters236.321.722.518.922.722.1
- others106.697.782.980.382.682.6
Developed Countries 169.9 145.2 123.5 190.4 189.8 122.8
Australia10.25.29.211.116.14.5
European Union 331.133.721.548.843.832.8
Canada10.38.910.314.516.311.5
Hungary 42.01.40.8---
Japan5.75.44.94.74.84.1
Poland 42.92.92.4---
Romania2.52.01.25.04.93.0
Russian Federation13.512.57.39.19.38.5
South Africa1.93.83.54.14.02.3
Ukraine5.25.12.94.34.94.1
United States67.445.144.474.771.839.7
Developing Countries 405.9 339.3 292.3 277.4 279.2 280.2
Asia 368.3 306.6 251.8 233.9 237.1 239.5
China248.5209.1162.9152.0152.8156.2
India61.239.832.926.725.627.6
Indonesia5.05.76.05.75.25.0
Iran (Islamic Republic of)4.94.43.52.73.23.1
Korea, Republic of3.23.12.92.82.83.0
Pakistan6.52.91.91.83.23.5
Philippines1.92.21.92.22.72.9
Syria3.84.14.24.54.44.2
Turkey7.78.07.26.54.73.9
Africa 20.7 18.7 21.5 23.6 26.3 27.2
Algeria2.02.52.63.64.54.7
Egypt4.13.22.73.34.23.9
Ethiopia0.40.90.40.51.11.3
Morocco1.91.82.94.63.03.0
Nigeria2.12.11.71.21.31.7
Tunisia1.10.61.11.31.41.1
Central America 6.8 5.6 5.9 6.8 5.2 4.8
Mexico4.73.73.95.03.53.2
South America 9.8 8.1 12.8 12.8 10.4 8.5
Argentina2.33.23.31.92.41.4
Brazil3.81.65.87.24.03.3

1Stock 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.
2The major wheat and coarse grains exporters are Argentina, Australia, Canada, the EU and the United States. The major rice exporters are India, Pakistan, Thailand, the United States and Viet Nam.
3Up to 2004 15 member countries, from 2005 25 member countries.
4From 2005 included in EU 25.
Note: Based on official and unofficial estimates. Totals computed from unrounded data.

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