RICE OUTLOOK December 12, 2001 December 2001, ERS-RCS-1201 Approved by the World Agricultural Outlook Board --------------------------------------------------------------------------- RICE OUTLOOK is issued monthly by the Economic Research Service, U.S. Department of Agriculture, Washington, DC 20036-5831. Electronic release only, no printed copies are available. --------------------------------------------------------------------------- SUMMARY: There were no revisions this month to the 2001/02 U.S. supply and use projections. Monthly cash prices have dropped each month since the start of the 2001/02 market year. Despite a 9-percent increase in total U.S. rice supplies and expectations of the lowest season-average farm price in 15 years, total use is projected to increase just 3 percent in 2001/02. This results in a 48- percent increase in ending stocks to 42.2 million cwt, the largest since 1987/88. Long grain accounts for all of the expected increase in total supplies and ending stocks. Combined medium/short grain supplies are projected to decline in 2001/02. The U.S. price difference over Thailand has declined since the start of the 2001/02 market year as U.S. prices have dropped and-since mid-November-Thai prices have risen slightly. The recent strength in international prices is largely due to temporary tight supplies in Vietnam and government-intervention buying in Thailand. Global prices will again be under pressure after Thailands main crop is harvested in December-January and Vietnams main winter-spring crop is harvested in February-March. Global rice production was lowered more than 500,000 tons from last month to 392.8 million (milled basis), the second consecutive year of declining world rice production. Pakistan accounts for the bulk of this months reduction, with crop projections lowered for Taiwan and Australia as well. With global consumption projected at a record 404.4 million tons, global ending stocks are projected to decline more than 8 percent, the second consecutive year of declining global stocks. China accounts for the bulk of the year-to-year decline in both global production and ending stocks. World rice trade for 2002 was lowered 400,000 tons this month to 22.6 million, the smallest since 1997. Pakistan accounts for all of the export decline. Record yield and larger plantings boost 2001 U.S. crop to record 209.7 million cwt There were no revisions this month to the U.S. 2001/02 supply and use projections. The 2001/02 U.S. rice crop remains projected at a record 209.7 million cwt (rough basis), up 10 percent from a year earlier, a result of greater plantings and a slightly higher yield. Rice plantings in 2001 are estimated at almost 3.32 million acres, up more than 8 percent. The 2001 yield is estimated at a record 6,374 pounds per acre, up almost 2 percent from a year earlier. Long grain accounts for all of this years production increase. The 2001 long grain crop is estimated at a record 162.3 million cwt, up 26 percent from the 2000 crop. Medium grain production is estimated at 45.6 million cwt, down 23 percent from a year earlier. The 2001 short grain crop-estimated at 1.9 million cwtis down more than 28 percent. Rice acreage was up this year in all reporting States except California, where plantings dropped 14 percent, and in Texas, were acreage was unchanged from 2000. Rice plantings were up about 14 percent in Arkansas, Louisiana, and Mississippi and up more than 21 percent in Missouri. In California, extremely low prices at planting-a result of a record 2000 crop-were behind the smaller acreage. These six States account for more than 99 percent of U.S. rice production. Rice production in other States is neither reported by USDAs National Agricultural Statistics Service (NASS) nor included in the U.S. total. Florida accounts for the bulk of unreported production, with Oklahoma, Tennessee, Illinois, and Kentucky typically producing smaller amounts. Average yields are estimated higher this year for all States except Texas, with record yields projected for Arkansas, Louisiana, Mississippi, and Missouri. Mississippi reported the largest increase in yield, up 600 pounds to 6,500. Louisianas yield is up 320 pounds to 5,400, Californias up 260 pounds to 8,200, and Missouris rose 150 pounds to 5,850. In contrast, the average yield in Texas declined 200 pounds to 6,500. Rice production was higher this year for all reporting States except California and Texas, with Arkansas and Missouri harvesting record crops. Arkansas rice crop of 99.6 million cwt is up nearly 16 percent from a year earlier. Production jumped 25 percent in both Mississippi-to 16.1 million cwt-and in Missouri to 12 million. Louisianas rice production is up almost 21 percent to 29.4 million cwt. In contrast, 2001 rice production dropped 11 percent in California to 38.6 million cwt and dropped 3 percent in Texas to 13.9 million. Total supply for 2001/02 is projected at a record 249.2 million cwt, up almost 9 percent from a year earlier. Imports are projected at a record 11 million cwt, up more than 1 percent from a year earlier. Beginning stocks of 28.4 million cwt are up nearly 4 percent from a year earlier. U.S. milled rice exports projected to increase almost 4 percent in 2001/02 Total U.S. rice use for 2001/02 is projected at 207.0 million cwt, 3 percent higher than a year earlier. Total domestic use is estimated at 121 million cwt, more than 3 percent above a year earlier, but just fractionally below the 1999/2000 record. Food, industrial, and residual-estimated at 117 million cwt- is up more than 3 percent from a year earlier. Total exports for 2001/02 are projected at 86 million cwt, up 3 percent from a year earlier. Milled rice exports are projected to increase almost 4 percent to 63 million cwt. Rough rice exports are projected to increase fractionally to 23 million cwt. Lower U.S. prices, a tightening price difference over Thailand, and record U.S. supplies are behind the higher export forecast. According to USDAs weekly U.S. Export Sales, for the week ending November 29, 2001 combined exports and outstanding sales totaled almost 1.48 million tons (product-weight), up almost 15 percent from a year earlier. Exports of 935,300 tons were 28 percent ahead of a year earlier. In contrast, outstanding sales of 539,900 tons were 3 percent behind a year earlier. As of November 29, 2001, combined shipments and outstanding sales were ahead of a year earlier to Mexico, Central America, Japan, Haiti, and Uzbekistan. In contrast, sales and shipments were behind a year earlier to Saudi Arabia, South Africa, and the European Union. Ending stocks for 2001/02 are projected to increase 48 percent to 42.2 million cwt, the largest since 1986/87. The resulting stocks-to-use ratio is 20.4 percent, the largest since 1992/93. Long grain supplies projected at record 182.9 million cwt Total U.S. long grain supply in 2001/02 is projected at a record 182.9 million cwt, up more than 19 percent from a year earlier. A 26-percent increase in long grain production to a record 162.3 million cwt more than offset a 26-percent decline in beginning stocks to 11.6 million cwt. Imports-projected at 9 million cwtare up 3 percent from a year earlier. Total long grain use is estimated at a record 156.1 million cwt, more than 10 percent larger than a year earlier. Long grain domestic use, projected at 86.1 million cwt, is up 13 percent from 2000/01 and second only to the 1999/2000 record. Long grain exports are projected at 70 million cwt, 7 percent higher than a year earlier. Ending stocks for long grain rice are projected at 26.8 million cwt, 130 percent larger than a year earlier and the largest since 1986/87. The resulting stocks-to-use ratio is 17.2 percent, the largest since 1992/93. Total medium/short grain supply for 2001/02 is projected at 65 million cwt, down 13 percent from a year earlier. A 24-percent drop in production to 47.5 million cwt more than offset an almost 50 percent increase in beginning stocks to 15.6 million cwt. In addition, imports are projected to drop 5 percent to 2 million cwt. Total medium/short grain use is projected at 50.9 million cwt, 14 percent smaller than a year earlier. Domestic use for medium/short grain is projected at 34.9 million cwt, down 15 percent from a year earlier. A shift to long grain from medium/short grain by brewers and processed food manufacturers is projected to account for most of the decline in medium/short grain domestic use. Medium/short grain exports are projected to decline 11 percent to 16 million cwt, a result of slightly higher U.S. medium grain prices and smaller supplies. Ending stocks of medium/short grain rice are projected at 14.1 million cwt, down more than 9 percent from a year earlier. The resulting stocks-to-use ratio is projected to be 27.8 percent, up from 26.3 percent a year earlier. U.S. monthly cash prices continue to decline The 2001/02 season-average farm price (SAFP) remains projected at $4.00 to $4.50 per cwt, down from a year earliers $5.56 and the lowest since 1986/87. The U.S. SAFP has declined every year since 1997/98. Last month, the U.S. Department of Agriculture estimated Novembers mid-month price at $4.23 per cwt and lowered Octobers to $4.36 from a preliminary $4.69. These are the lowest monthly cash prices since August 1987. Prices have declined every month since the start of the 2001/02 market year in August. Reported monthly cash prices have remained below a year earlier since December 1997. In the South, weekly reported cash prices for long grain rough rice were up slightly from a month earlier. For the week ending December 11, cash prices in Southwest Louisiana were reported around $4.20 per cwt, up 25 to 40 cents from a month earlier. In both Texas and the Delta, long grain prices were quoted around $3.90 per cwt, up fractionally from last months average. The modest price rise across the South is largely due to higher world prices. Despite the small increase, reported cash prices in all three regions remain at least $2 per cwt below a year earlier. Prices for California medium grain rice have risen since mid-July, primarily due to a smaller 2001 California crop. Medium grain accounts for the bulk of Californias rice crop. Prices for California medium grain rough rice were calculated around $5.15 per cwt for the week ending December 11, up slightly from a month earlier. Because the bulk of Californias rough rice is sold under some type of a pooling method, rough rice prices are determined by the price of milled rice. In the Delta, where almost all southern medium grain is grown, medium grain prices were quoted around $4.75 per cwt for the week ending December 11, up 30 cents from a month earlier. Medium grain supplies are down substantially from a year earlier in the South. INTERNATIONAL OUTLOOK Production forecasts for 2001/02 lowered for Pakistan, Taiwan, and Australia Global rice production for 2001/02 is projected at 392.8 million tons (milled basis), down more than 500,000 tons from last month and almost 4.1 million below a year earlier. Production remains nearly 4 percent below the 1999/2000 record. Global consumption is projected at a record 404.4 million tons, virtually unchanged from last month but up 1.7 million from a year earlier. Global ending stocks are projected at 125.8 million tons, down 500,000 tons from last month and more than 8 percent below a year earlier. This is the second consecutive year of declining global ending stocks. China accounts for most of the year-to-year reduction in global stocks in 2000/01 and 2001/02. Pakistan accounts for the bulk of this months reduction in global production. Pakistans 2001/02 rice production was lowered 400,000 tons to 4.1 million based on a 250,000-hectare cut in harvested area caused by reduced supplies of water for irrigation. Taiwans production was lowered 149,000 tons to just over 1.2 million based on smaller plantings and a lower yield. Finally, Australias 2001/02 crop projection was lowered 73,000 tons to 1 million based on government data reporting smaller area. In contrast, rice production in Cote dIvoire was raised 100,000 tons to 580,000 due to a much higher yield. Area was actually lowered. Global 2000/01 production was raised almost 1.3 million tons to 396.9 million, nearly 3 percent below a year earliers record. Burma accounted for the bulk of the increase. Burmas 2000/01 production was raised 911,000 tons to nearly 10.8 million due to a higher yield. In addition, rice production in Cote dIvoire was raised 125,000 tons to 570,000 due to a much higher yield. Area was actually lowered. Note that Cote dIvoires 1999/2000 crop was raised 100,000 tons to 545,000, also due to a much higher yield. Global rice trade projected to drop nearly 4 percent in 2002 Global rice trade for calendar year 2002 is projected at 22.6 million tons (milled basis), down 400,000 from last months forecast and 841,000 tons below a year earliers revised level. Pakistan accounts for all of this months downward revision in 2002 exports. Pakistans exports were lowered 400,000 tons to 1.5 million based on a substantially smaller 2001/02 crop. There were several upward revisions on the import side. Afghanistans 2002 imports were raised 135,000 tons to 575,000 based on expectations of a larger need for food aid next year and higher 2001 imports. Taiwans rice imports were raised to 125,000 tons from 4,000 in accordance with Taiwans World Trade Organization commitments. Liberias imports were raised 15,000 tons based on higher 2001 imports. Finally, 2002 imports were raised 5,000 to 10,000 tons for Kazakstan, El Salvador, Italy, Benin, and Zaire. Partially offsetting these upward revisions were a 75,000-ton cut in Cote dIvoires imports to 575,000 tons based on much larger production. A downward revision in the -unaccounted- category balanced global imports with global exports. For 2001, global trade was raised 375,000 tons to 23.4 million, down more than 2 percent from a year earlier and almost 17 percent below the 1998 record of 27.7 million tons. On the export side, Pakistans exports were raised 200,000 tons to 2.1 million, and Thailands were raised 200,000 tons to 7.2 million. In contrast, Australias exports were lowered 25,000 tons to 575,000. All three export revisions were based on shipment data through November. On the import side, Irans 2001 imports were raised 200,000 tons to 1 million, Nigeria raised 200,000 tons to a record 1.8 million, Afghanistan raised 165,000 tons to 300,000, Senegal raised 100,000 tons to a record 850,000, Sri Lanka raised 30,000 tons to 60,000, and Taiwan 20,000 tons to 23,000. Imports were raised 5,000 to 15,000 tons this month for Liberia, Zaire, El Salvador, Kazakstan, Mali, and Benin. All revisions were based on shipment data. Partially offsetting these upward revisions were reductions for Russia (down 125,000 tons), China (down 75,000 tons), Saudi Arabia (down 50,000 tons), Cote dIvoire (down 25,000 tons), and Brunei (down 10,000 tons). . International prices up about $10per ton on tight supply situation in Vietnam Thai export prices for most grades of regular milled and parboiled white rice have increased since mid-November, a result of a temporary tight supply situation in Vietnam, some government intervention purchases, and recent sales. Quotes for high-quality Thai white rice (100-percent, Grade B, f.o.b. Bangkok) were reported at $185 per ton for the week ending December 10, up about $10 from a month earlier and the highest since mid-March. Vietnams quoted prices have increased almost $20 per ton since mid-September as flooding in August caused logistical problems and-as typical this time of year-supplies became tight at the end of the season. Vietnam has sold little rice in recent weeks, a major factor behind higher Thai prices. Prices for medium-quality (5- to 15-percent brokens) regular milled white rice have risen about $10 per ton since early November as well, with Thai 5-percent brokens quoted at $180 per ton and 15 percent brokens quoted at $173. Prices for Thailands parboiled rice (5-percent brokens) were quoted at $200 per ton for the week ending December 10, up $5 to $7 from a month earlier. Prices had dropped sharply in late October and early November on strong competition from India. India has been a major competitor in the global parboiled market since May when the government began subsidizing parboiled exports. Prices for lower quality rice (20 percent or more brokens) have increased about $5 per ton since early November, with Thai 35-percent brokens quoted at $161 per ton for the week ending December 10. In contrast, prices for Thai A.1 Special 100-percent brokens were quoted at $134 per ton, down about $5 from early November. Prices for Vietnams regular milled white rice are up about $20 per ton since mid-September. Prices for Vietnams 5-percent brokens (f.o.b. Ho Chi Minh City) were reported at $192 per ton for the week ending December 10, up $5 from a month earlier. Vietnams prices are currently quoted at $12 per ton higher than prices for comparable grades of Thai rice. Vietnam is expected to make few new sales until harvest of its main winter-spring crop in February-March. Vietnam typically sells its rice at $15 to $25 per ton lower than comparable qualities of Thai rice. Prices for U.S. long grain milled rice (No. 2, 4-percent brokens, bagged, f.o.b. Houston, domestic sales) were quoted at $220 per ton for the week ending December 10, down $23 from a month earlier and $56 below prices in August. Prices are the lowest since August 1987. Record U.S. supplies and extremely low international prices are behind the weaker U.S. prices. The difference between Thai 100-percent Grade B and U.S. long grain number 2, 4-percent brokens was just $36 per ton for the week ending December 10, down $12 from a month earlier and well below the more than $100 per ton reported in early August. U.S. rice is typically competitive with Thai rice when the difference is no more than $30 to $50 per ton. Prices for high-quality California medium grain milled rice (No. 1, 4-percent brokens, bagged, f.o.b. Sacramento, for the domestic market) were quoted at $287 per ton for the week ending December 10, up more than $60 from early September. The higher prices are due to expectations of a smaller crop this year. ------------------------------------------------------------------------------- -------------------------------------- You can find this document at http://www.ers.usda.gov/prodsrvs/rept- fc.htm#riceup in PDF and ASCII formats. It is available in ASCII at approximately 4:00 pm Eastern time on the day of release and in PDF a day later. The next Rice Outlook is scheduled for release at 4:00 pm on January 14, 2002. INFORMATION CONTACT: Nathan Childs (202) 694-5292. TABLES: Table 1-U.S. rice supply and use, 1996/97 to present Table 2-U.S. rice supply and use, by type, 1996/97 to present Table 3-U.S. monthly average farm prices and marketings, rough equivalent, 1999/00 to present Table 4-USDA calculated world market rice prices, 1999/2000 to present Table 5-U.S. exports and sales commitments, 1997/98 to present Table 6-U.S., Thailand, and Vietnam milled rice prices, 1993/94 to present Table 1- U.S. rice supply and use, 1996/97 to present 1/ ===================================================================== 2000/01 2001/02 Item 1996/97 1997/98 1998/99 1999/00 2/ 3/ ===================================================================== TOTAL RICE Percent ARP N/A N/A N/A N/A N/A N/A Area Million acres Planted 2.824 3.125 3.285 3.531 3.060 3.317 Harvested 2.804 3.103 3.257 3.512 3.039 3.290 Pounds per harvested acre Yield 6,120 5,897 5,663 5,866 6,281 6,374 Million hundredweight Beginning stocks 25.0 27.2 27.9 22.1 27.5 28.5 Production 171.6 183.0 184.4 206.0 190.9 209.7 Imports 10.5 9.3 10.6 10.1 10.9 11.0 Total supply 207.2 219.5 223.0 238.2 229.2 249.2 Food, industrial, & residual 4/ 97.7 99.8 109.6 117.8 113.1 117.0 Seed 3.9 4.1 4.4 4.0 4.1 4.0 Total Domestic use 101.6 103.9 114.0 121.9 117.2 121.0 Exports 78.3 87.7 86.8 88.9 83.5 86.0 Rough 12.7 26.1 25.7 25.2 22.8 23.0 Milled 5/ 65.6 61.6 61.1 63.6 60.7 63.0 Total use 179.9 191.6 200.9 210.7 200.7 207.0 Ending stocks 27.2 27.9 22.1 27.5 28.5 42.2 Percent Stocks-use-ratio 15.1 14.6 11.0 13.0 14.2 20.4 $/cwt Average farm price 6/ 9.96 9.70 8.89 5.93 5.56 4.00- 4.50 Percent Average milling rate 70.1 69.3 69.3 69.6 68.6 69.0 ==================================================================== N/A = Not applicable under current farm legislation. 1/August-July market year; rough equivalent. 2/Estimated. 3/Projected. 4/Residual includes unreported use, processing losses and estimating errors. 5/Rough equivalent. 6/Market year weighted average. Table 2-U.S. rice supply and use, by type, 1996/97 to present 1/ ===================================================================== Item 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2/ 3/ ===================================================================== LONG-GRAIN Million acres Planted 1.983 2.327 2.589 2.731 2.206 Harvested 1.967 2.309 2.568 2.718 2.189 Pounds per harvested acre Yield 5,777 5,391 5,426 5,587 5,882 Million hundredweight Beginning stocks 10.1 14.1 14.5 14.1 15.6 11.6 Production 113.6 124.5 139.3 151.9 128.8 162.3 Imports 9.1 7.9 8.4 7.6 8.8 9.0 Total supply 132.9 146.5 162.2 173.5 153.1 182.9 Domestic use 4/ 61.3 59.7 76.7 87.1 76.0 86.1 Exports 57.4 72.3 71.4 70.8 65.5 70.0 Total use 118.7 132.0 148.2 157.9 141.5 156.1 Ending stocks 14.1 14.5 14.1 15.6 11.6 26.8 Percent Stocks-use-ratio 11.9 11.0 9.5 9.9 8.2 17.2 ========================================================================= --continued Table 2-U.S. rice supply and use, by type, 1996/97 to present 1/--continued =========================================================================== Item 1996/97 1997/98 1998/99 1999/00 2000/01 2001/02 2/ 3/ =========================================================================== MEDIUM & SHORT-GRAIN Million acres Planted 0.841 0.798 0.696 0.800 0.854 Harvested 0.837 0.794 0.689 0.794 0.850 Pounds per harvested acre Yield 6,926 7,369 6,548 6,822 7,308 Million hundredweight Beginning stocks 14.3 12.1 12.3 6.8 10.4 15.6 Production 58.0 58.5 45.1 54.2 62.1 47.4 Imports 1.4 1.4 2.2 2.5 2.1 2.0 Total supply 5/ 73.3 71.9 59.6 63.3 74.8 65.0 Domestic use 4/ 40.3 44.2 37.4 34.8 41.2 34.9 Exports 20.9 15.4 15.4 18.1 18.0 16.0 Total use 61.2 59.6 52.8 52.9 59.2 50.9 Ending stocks 12.1 12.3 6.8 10.4 15.6 14.1 Percent Stocks-use-ratio 19.8 20.7 12.9 19.7 26.3 27.8 Ending stocks difference 1/ 1.0 1.1 1.2 1.4 1.2 1.2 ========================================================================== 1/ Stock totals by type omit brokens, which are included in total stocks for all types in table 1. 2/ Estimated. 3/ Projected. 4/ Includes residual. 5/ Accounts for difference in beginning and ending stocks of brokens. Thus, total supply of medium/short grain may not equal sum of beginning stocks, production, and imports. Table 3--U.S. monthly average farm prices and marketings, 1999/00 to present =========================================================================== | 2001/02 2000/01 1999/00 | =================== =============== ================ | $/cwt 1,000 cwt $/cwt 1,000 cwt $/cwt 1,000 cwt =========================================================================== August | 5.10 12,616 5.60 10,925 6.94 9,516 September | 4.78 9,960 5.72 10,228 5.78 44,994 October | 4.36 12,850 5.61 13,119 5.97 11,995 November | 4.23 1/ 11,809 1/ 5.63 12,191 6.02 10,575 December | 5.60 12,427 6.08 10,828 January | 5.84 15,068 6.02 14,812 February | 5.72 12,296 5.88 9,863 March | 5.55 11,549 5.71 8,224 April | 5.59 11,074 5.75 5,589 May | 5.15 8,994 5.63 5,893 June | 5.01 7,877 5.80 4,790 July | 5.25 8,474 5.65 6,406 | Average 2/ | 4.62 11,809 5.56 11,185 5.93 11,957 | Total 3/ | $4.00-$4.50 4/ 134,222 143,485 =========================================================================== 1/ Preliminary mid-month estimate. 2/ Price is market year weighted average; 2001/02 is through current month only. 3/ Total volume marketed; 2001/02 is August to current month only. 4/ USDA season-average farm price projection. Table 4-USDA calculated world market rice prices, 1999/2000 to 2001/02 =========================================================================== | 2001/02 2000/01 1999/2000 Month | ==================== ================== ==================== | Long Medium Short Long Medium Short Long Medium Short =========================================================================== | | $/cwt (rough basis) | August | 2.97 2.57 2.58 3.99 3.37 3.37 5.38 5.05 4.94 September | 3.09 2.69 2.70 3.69 3.16 3.16 5.26 4.90 4.80 October | 3.18 2.80 2.81 3.54 3.30 3.30 5.02 4.70 4.60 November | 3.22 2.85 2.80 3.48 3.29 3.29 4.66 4.33 4.23 December 1/| 3.37 3.02 3.02 3.40 3.19 3.18 4.62 4.32 4.22 January | 3.38 3.17 3.16 4.70 4.44 4.34 February | 3.34 3.12 3.10 4.53 4.35 4.50 March | 3.08 2.76 2.74 4.32 4.13 4.29 April | 2.99 2.64 2.62 4.28 4.01 4.17 May | 2.94 2.57 2.55 4.09 3.58 3.72 June | 2.96 2.59 2.57 4.09 3.40 3.53 July | 2.93 2.55 2.53 4.09 3.48 3.61 | Average 2/ | 3.17 2.79 2.78 3.31 2.98 2.96 4.59 4.22 4.25 ============================================================================ 1/ Preliminary. 2/ Simple average of weekly announced world market price. Table 5-U.S. exports and sales commitments, 1997/98 to present 1/ ============================================================================= Country 2001/02 2000/01 2000/01 1999/00 1998/99 1997/98 or as of as of Market Market Market Market region 11/29/01 11/29/00 year year year year ============================================================================= 1,000 metric tons European Union 143 218 364 387 340 324 Other Western Europe 11 11 13 18 20 17 Turkey 24 141 171 231 100 115 Eastern Europe 0 0 1 1 0 0 Former Soviet Union 54 0 1 57 43 2 Japan 131 56 296 374 324 250 OTHER ASIA/MIDDLE EAST 182 249 318 395 203 183 Jordan 11 16 14 21 41 42 Indonesia 0 0 23 118 26 0 Saudi Arabia 75 87 140 151 106 96 AFRICA 70 101 182 171 157 171 Cote d'Ivoire 0 6 12 20 0 31 Ghana 30 22 73 70 61 64 Liberia 9 17 9 3 0 0 South Africa 24 32 57 70 81 67 WESTERN HEMISPHERE 834 508 1,305 1,410 1,741 1,718 Brazil 0 0 2 4 555 28 Canada 71 70 100 102 122 107 Colombia 1 2 17 1 11 297 Costa Rica 1 1 82 84 41 102 Dominican Republic 1 4 56 56 61 93 Guatemala 28 2 36 42 29 25 Haiti 95 56 158 144 164 100 Honduras 70 47 106 114 47 63 Jamaica 12 20 32 35 15 26 Leeward & Windward Is. 4 3 4 11 11 16 Mexico 367 230 583 629 417 397 Nicaragua 98 44 85 95 61 35 Panama 7 0 2 15 8 88 Peru 1 1 1 19 118 99 El Salvador 31 12 51 55 30 49 Trinidad 31 12 9 0 23 21 Unknown 25 0 0 0 N/A N/A TOTAL 1,475 1,286 2,651 3,044 2,929 2,780 ============================================================================= 1/ Columns labeled "Market year" are total August-July exports reported in U.S. Export Sales. Columns labeled "as of" are combined exports and outstanding sales at a particular date. U.S. Export Sales reports on a product-weight basis. Food aid donations are not included in U.S. Export Sales. Table 6-U.S., Thailand, and Vietnam milled rice prices, 1993/94 to present ============================================================================= U.S. 2/ Thailand 5/ Viet 6/ ====================== =============================== ======== Month or Long Medium Par- 100% 5% 15% 35% 5% marketing grain 3/ grain 4/ boiled grade Par- ========== A-1 7/ bro- year 1/ Texas Calif. Texas B boiled brokens Special kens ============================================================================= $ per metric ton 8/ 1993/94 439 451 470 294 244 243 209 160 N/A 1994/95 314 375 349 290 276 270 255 232 N/A 1995/96 414 445 456 362 344 335 302 265 N/A 1996/97 450 415 479 338 323 303 259 216 N/A 1997/98 415 396 455 302 292 275 237 197 269 1998/99 369 470 418 284 276 261 236 217 257 1999/2000 284 454 395 231 242 209 185 160 202 Aug 2000 254 419 361 193 208 175 160 144 183 Sep 2000 257 408 364 185 192 170 157 143 176 Oct 2000 271 375 364 193 200 176 157 137 178 Nov 2000 276 349 364 191 190 173 153 128 177 Dec 2000 276 334 364 190 188 173 153 129 170 Jan 2001 276 317 364 190 189 174 153 135 168 Feb 2001 276 290 364 190 184 174 152 134 163 Mar 2001 276 276 364 182 174 165 142 126 151 Apr 2001 276 258 346 170 164 154 135 121 147 May 2001 276 243 342 172 171 154 138 123 153 June 2001 276 243 342 177 180 158 144 130 154 July 2001 276 243 342 177 198 160 148 137 156 2000/01 272 313 357 184 187 167 149 132 165 Aug 2001 267 243 334 174 202 160 149 141 176 Sep 2001 243 231 287 178 214 167 157 148 173 Oct 2001 243 287 287 174 213 165 155 146 177 Nov 2001 226 287 287 178 197 167 156 135 191 Dec 2001 9/ 220 287 287 185 201 173 160 134 192 2001/02 9/ 240 267 296 178 205 166 155 141 182 ============================================================================= N/A = Not available. 1/ Simple average of weekly quotes. 2/ 100-pound bags, domestic market. Lowest quote offered. 3/ Number 2, 4-percent brokens. 4/ Number 1, 4-percent brokens. 5/ Nominal price quotes, fob Bangkok, long grain. U.S. agricultural counselor, Bangkok. 6/ Fob Saigon. Price quotes from industry sources. 7/ 100-percent brokens. 8/ Bagged. 9/ Preliminary. END_OF_FILE