FAO/GIEWS - Food Outlook April 1998 Annex Tables p.10

FAO/GIEWS - Food Outlook April 1998

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% B	Thai broken 2/	U.S. Long grain	Total	Quality		Marketing years	Edible/ soap fats and oils	Oilcakes and meals
			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 - March	338	232	451	132	134	126	1992/93	105	97
November	267	189	433	118	121	112	1993/94	130	93
December	281	213	434	122	123	119	1994/95 - oct.-mar.	160	91
1998 - January	311	187	429	124	126	115	- apr.-sep.	151	98
February	304	190	423	123	126	115	1995/96 - oct.-mar.	144	126
March I	305	193	418	)			- apr.-sep.	140	130
II	312	196	418	) 124	126	120	1996/97 - oct.-mar.	137	134
III	310	195	418	)			- apr.-sep.	135	132
VI	306	193	418	)			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.