Spot light Rice
World
Consumption
The world rice consumption has increased
for the last three years. This upward trend is predicted to
continue in 2001/02, when the world will consume up to 405.856
million metric tons of rice.
This increase is significant,
comparing to a mere 388.792 million metric tons in 1998/99.
China, the world's most populous country, consumes the most
rice. In general, rice consumption has increased in every
country from year to year.
Thailand consumes 9.9 million
metric tons in 2000/01 and is predicted to increase the
consumption to approximately 10 million metric tons in
2001/02. In conjunction with the world's rising consumption
level, the world's rice production will also expand in order
to meet this higher demand.
Following closely
behind is Vietnam at 4 million metric tons, while the United
States is ranked third with 2.65 million metric tons.
Pakistan
is quickly gaining more exports share, with 2.25 million
metric tons projected for the end of 2001. China and India, on
the other hand, have slowed down their pace with 1.8 and 0.8
million metric tons.
In 2002, Thailand will continue to stay on top at a
predicted 6.7 million metric tons. Following closely behind is
still Vietnam at 4.3 million metric tons. The United States
remain unchanged at 2.65 million metric tons.
Pakistan and
India will likely reduce their exports volume to 2 and 1
million metric tons, respectively, while China's estimate is
expected to increase to 2 million metric tons.
The total world
export volume will decline slightly from 22.255 to 22.139
million metric tons from 2001 to 2002, a significant decline
from 1999 at 25.062 million metric tons.
Units in thousand metric tons
Country
|
1998/99
|
1999/00
|
2000/01
|
2001/02 |
China
|
136,000
|
133,763
|
134,337
|
136,110 |
India
|
81,160
|
82,450
|
83,500
|
85,000 |
Indonesia
|
35,504
|
25,400
|
35,877
|
36,358 |
Bangladesh
|
20,750
|
23,666
|
23,950
|
24,025 |
Vietnam
|
15,613
|
16,767
|
16,958
|
17,100 |
Burma
|
9,276
|
9,330
|
9,350
|
9,450 |
Japan
|
9,100
|
9,450
|
9,300
|
9,300 |
Thailand
|
8,900
|
9,600
|
9,900
|
10,000 |
Philippines
|
8,000
|
8,400
|
8,750
|
8,815 |
Brazil
|
8,180
|
7,956
|
7,958
|
8,000 |
World Total
|
388,792
|
398,518
|
400,971
|
405,856 |
Source: USDA, Foreign
Agricultural Service (FAS), Aug 2001.
|
World Price
for Rice
Global Rice
Price Trend (1996 -
2003)
Units: USD/metric ton
Type
|
1996
|
1997
|
1998
|
1999
|
2000
|
2001
|
2002
|
2003
|
2004
|
2005
|
Long
Grain Rice, High Quality
|
Thai 100%
B (FOB)
|
338
|
306
|
296
|
300
|
300
|
309
|
310
|
317
|
319
|
323
|
Thai 5%
(FOB)
|
331
|
295
|
285
|
289
|
289
|
297
|
299
|
305
|
307
|
311
|
US No. 2,
(FOB Houston)
|
450
|
418
|
413
|
409
|
414
|
424
|
428
|
435
|
438
|
443
|
US
No. 2 - Thai 5%
|
119
|
123
|
128
|
121
|
125
|
127
|
129
|
129
|
131
|
132
|
Long
Grain Rice, Low Quality
|
Thai
35% (FOB)
|
259
|
254
|
244
|
248
|
253
|
260
|
261
|
267
|
270
|
275
|
US
Wheat No.2 (FOB Gulf)
|
184
|
155
|
150
|
151
|
157
|
159
|
160
|
162
|
164
|
166
|
Thai
35% - US Wheat
|
75
|
99
|
95
|
97
|
96
|
101
|
101
|
105
|
106
|
106
|
Medium
Grain Rice
|
US
No. 2 MG Rice(FOB CA)
|
415
|
396
|
409
|
406
|
407
|
411
|
412
|
415
|
417
|
420
|
Source:
Division of Agriculture, University of Arkensas, Aug 1998.
According to the
Arkensas Global Rice Model, the global rice price for major
long-grain and medium grain rice is currently lower than in
the previous years. This drop in the global price comes from a
slight decrease in the rice production of major rice-producing
countries, beginning in 1998.
According to the USDA, nominal
price quotes for milled rice have declined over the past
twelve months.
Prices for Thailand's 100 percent grade B are
25 percent below that of a year earlier. Similarly, prices for
Vietnam's 5% broken and Pakistan's 15/20 percent are also
lower. Prices are currently reported below usd 190 per metric
ton for both of these grades. Overall, rice prices are still
more than 20 percent below levels reported a year ago.
However, the report by the
Division of Agriculture, University of Arkensas, states an
upward price trend beginning from the year 2000. This report
predict that the trend will continue to increase until the
year 2005.
World
Price for Rice
Export
Price FOB Bangkok (as of Aug '01)
(US$: Metric Ton)
Types of Rice
|
FOB Price
|
Types of Rice
|
FOB Price
|
White Fragrant Rice 100% Class A
|
295
|
White broken rice A1 super excellent
|
152
|
White Fragrant Rice 100% Class B
|
275
|
White broken rice A1 super
|
140
|
White100% milled rice Class A
|
205
|
White broken rice A1 special
|
137
|
White100% milled rice Class B
|
180
|
Cargo rice 100% Class B
|
175
|
White100% milled rice Class C
|
175
|
Cargo rice 5%
|
160
|
White 5% milled rice Super
|
-
|
Cargo rice 10%
|
155
|
White 5% milled rice
|
170
|
Cargo rice 15%
|
150
|
White 10% milled rice
|
165
|
Parboiled rice 100%
|
215
|
White 15% milled rice
|
160
|
Parboiled
rice 5 %
|
210
|
White 25% milled rice super
|
155
|
Parboiled
rice 10 % |
205
|
White 35% milled rice
|
150
|
Parboiled
rice 15 |
195
|
White 45% milled rice
|
145
|
Parboiled
rice 25 % |
185 |
Broken glutinous rice A1 special
|
215
|
Parboiled rice 35 %
|
180
|
Glutinous white rice 10%
|
280
|
Broken parboiled rice A1
|
150
|
Source:
Thai Rice Mills Association
|