PAKISSAN.com; Connecting Agricultural Community for Better Farming; Pakistan's Largest Agri Web Portal
 


.
Connecting Agri-Community for Better Farming

Home News Issues-Analysis Weather Fertilizer Page Agri Overview  Special Reports Agri Next Horticulture Crops Livestock Rice Wheat Cotton Citrus
1
   

 -->

  Bookmark and Share


Spot light Rice

Rice
Description
Quality and forms
Pakistan Export Potential
World Rice Trade
World Rice Consumption
World price for 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

Main Page | News  | Global News  |  Issues/Analysis  |  Weather  | Crop/ Water Update  |  Agri Overview   |  Agri Next  |  Special Reports  |  Consultancies
All About   Crops Fertilizer Page  |  Farm Inputs  |  Horticulture  |  Livestock/ Fisheries
Interactive  Pak APIN  | Feed Back  | Links
Site Info  
Search | Ads | Pakissan Panel

 

2001 - 2017 Pakissan.com. All Rights Reserved.