Food Outlook No.4 - October 2002 p.22

Table A.7 - PRICE INDICES AND SELECTED EXPORT PRICES FOR RICE

Calendar years	Export Prices				FAO Indices
	Thai 100% B	Thai broken	U.S. Long grain	Pakistani Basmati	Total	Indica		Japonica	Aromatic
	1/	2/	3/	4/		High quality	Low quality
January/December	( . . . . . . . . . . U.S.$/tonne . . . . . . . . )				(. . . . . . . . . . . . . . . . . . 1998-2000=100 . . . . . . . . . . .. . . . . . )
1998	315	215	413	492	115	117	115	113	113
1999	253	192	333	486	101	99	101	105	98
2000	207	143	271	418	84	84	83	83	89
2001	178	136	264	332	74	74	74	76	69
2001 - September	176	151	246	338	73	74	73	73	67
2002 - May	204	149	201	362	72	73	75	67	71
June	210	152	202	371	72	74	77	64	75
July	204	154	203	377	73	74	77	68	78
August	195	149	210	390	73	73	75	69	80
September I	194	150	215	391	)
II	192	153	215	397	)
III	190	151	215	397	) 73	73	76	67	83
IV	187	152	215	397	)

Sources: FAO for indices. Rice prices: Jackson Son & Co. (London) Ltd. and other public sources.

Note: The FAO Sub-indices for Indica (regular long grain), Japonica (medium grain) and Aromatic (Basmati and Fragrant rice) are constructed in accordance with the"Generalised Composite Commodity Theorem" and are unweighted averages of respective prices in a set consisting of 16 rice export quotations. The FAO Total Index weights the sub-indices according to their corresponding trade shares in the base year of 1998-00. 'Quality' is defined by the precentage of broken kernels, with high (low) quality referring to rice with less (equal to or more) than 20 percent brokens. For a fuller exposition of the index, see the boxed insert "The New FAO Export Price Index for Rice" in this edition of Food Outlook.

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.o.b. 4/ Basmati: ordinary, f.o.b. Karachi.