FAO/GIEWS - Food Outlook No.4, September1998

FAO/GIEWS - Food Outlook No.4, September1998 - Appendix tables

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 3/	Total	Quality		Marketing years	Edible/ soap fats and oils	Oilcakes and meals
					High	Low
January/December	( . . . US$/tonne . . )			( 1982-84=100 )			Oct./Sept.	( 1990-92=100. )
1994	289	186	379	114	118	104	1988/89	102	118
1995	336	268	361	129	124	146	1989/90	93	97
1996	352	210	414	136	136	136	1990/91	97	100
1997	316	214	439	127	129	120	1991/92	103	104
1997 - August	300	211	425	125	127	121	1992/93	103	97
1998 - April	319	196	416	127	128	123	1993/94	127	93
May	331	197	424	128	129	123	1994/95 - Apr.-Sep.	149	99
June	337	202	428	130	132	123	1995/96 - Oct.-Mar.	141	126
July	340	216	410	131	133	128	- Apr.-Sep.	138	130
August I	332	224	401	)			1996/97 - Oct.-Mar.	135	134
II	335	230	366	) 131	131	133	- Apr.-Sep.	133	132
III	335	230	390	)			1997/98 - Oct.-Mar.	150	130
IV	332	234	390	)			- Apr.-July	160	105

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.