Food Outlook 09/96

Table A.10 - WORLD PRICES AND PRICE INDICES FOR RICE AND FATS AND OILS

	RICE						FATS AND OILS
	Export prices			FAO Indices			Import prices		FAO Indices
					Quality
	Thai 1/ 100% B	Thai broken 2/	U.S. Long grain 3/	Total	High	Low	Soybean oil 4/	Palm oil 5/	Index A 6	Index B 6/
January/December	( . . . . U.S.$/ton . . . . )			( . . . 1982-84=100 . . . )			( . U.S.$/ton . .)		(1984-87=100)
1992	278	180	340	110	112	103	430	394	89	85
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
1995 - August	354	293	343	135	128	157	591	610	122	127
1996 - March	369	260	395	141	138	152	538	522	112	123
April	345	247	401	135	132	144	547	517	114	127
May	353	246	408	135	134	139	538	522	112	123
June	363	237	419	137	137	139	583	562	121	133
July	371	229	447	139	140	135	608	575	126	140
August I	355	223	446	)			610	565	125	138
II	348	223	446	) 135	137	129	588	550	123	135
III	344	210	446	)			588	550	123	135
IV	344	215	446	)			575	533	122	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.