FAO/GIEWS - Food Outlook No.1, February 1999

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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 )
1995 289 186 379 114 118 104 1988/89 102 118
1996 336 268 361 129 124 146 1989/90 93 97
1997 352 210 414 136 136 136 1990/91 97 100
1998 315 215 413 127 128 126 1991/92 103 104
1998 - January 311 187 429 124 126 115 1992/93 103 97
September 335 247 396 132 131 136 1993/94 128 93
October 305 253 404 129 127 137 1994/95 154 94
November 278 233 408 124 122 128 1995/96 140 128
December 284 234 403 124 123 125 1996/97 - Oct.-Mar. 136 134
1999 - January I 300 232 401 )

- Apr.-Sep.
134 132
II
316 235 401 ) 125 126 123 1997/98 - Oct.-Mar. 151 130
III
315 230 392 )

- Apr.-Sep.
159 103
IV
296 223 385 )

1998/99 - Oct.-Dec. 155 98


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.


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