Food Outlook 10/96 Appendix Table Table A.10 - WORLD PRICES AND PRICE INDICES FOR RICE AND FATS AND OILS

Food Outlook 10/96 Appendix Table

Table A.10 - WORLD PRICES AND PRICE INDICES FOR RICE AND FATS AND OILS

	RICE						FATS AND OILS
	Export prices			FAO Indices			Import prices		FAO Indices
	Thai 1/ 100% B	Thai broken 2/	U.S. Long grain 3/	Total	Quality		Soybean oil 4/	Palm oil 5/	Index A 6/	Index B 6/
					High	Low
January/December	( . . . . U.S.$/ton . . . . )			( . . . 1982-84=100 . . . )			( . U.S.$/ton . .)		(1984-87=100)
1992	278	180	340	110	112	103	430	394	89	85
1993	250	161	326	100	102	92	479	378	93	100
1994	289	186	379	114	118	104	616	530	120	129
1995	336	268	361	129	124	146	625	626	129	136
1995 - October	404	300	427	151	145	170	638	614	131	141
1996 - March	369	260	395	141	138	152	538	522	112	123
April	345	247	401	135	133	144	583	562	121	133
May	353	246	408	136	133	139	592	548	122	136
June	363	237	419	138	138	139	558	506	117	130
July	371	229	447	140	141	135	542	472	114	126
August	347	217	446	136	139	129	564	512	118	129
September	338	217	438	134	136	126	568	546	121	133
October I	320	210	419	)			533	550	118	131
II	310	207	419	)129	131	121	536	550	118	131

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 Index is calculated for 15 export prices. In this table two groups representing "High" and "Low" quality rice are shown. In the Vegetable Oils Price Indices, Index "A" measures overall changes in prices expressed in U.S. dollars and Index "B" measures changes in prices expressed in importers' currencies. The basic prices are also the same for the two indices, those for the U.S. dollar price indices being the original quotations expressed in U.S. dollars, whereas those for the index of prices expressed in importers currencies are the same U.S. dollar quotations converted on the basis of a composite rate of exchange representing the average of the exchange rates into U.S. dollars of the currencies of main importing countries weighted by volume of imports.
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.