The cutback in exportable supplies has resulted in
record rice prices, as indicated by Thailand and the United States. Some major
suppliers have banned or restricted exports, in order to protect domestic
supplies and dampen their own food price inflation. Government trade policies
could continue to diminish exportable supplies, which would place additional
upward pressure on prices.
Vietnam, the world’s second-largest supplier,
has reimposed a ban on exports that reportedly could cut shipments by at least
20 percent, which would be a million tons less than the previous year at 4.5mmt.
China placed a tax and quota system on exports. Egypt banned
exports from April 1 through October 2008 to help stabilize high domestic
prices, which had nearly doubled in recent months. The ban had an immediate
impact on prices, which dropped almost 25 per cent ($100 per ton) on the local
market. India recently imposed an export ban on non-basmati rice to
replace its minimum export price, which had more than doubled to $1000 per ton
since October 2007.
Although Thailand is not presently limiting
or restricting exports, it is faced with tightening domestic supplies and record
prices. The Government reportedly may release its own stocks onto the domestic
market to help lower prices caused by the threat of falling domestic supply,
which has been fueled by strong export sales. U.S. ending stocks are
forecast at a 27-year low, but there could be additional foreign demand for U.S.
rice. The weakening dollar makes U.S. commodities more competitive in the world
market, and constrained shipments from traditional suppliers could cause
importers to increase purchases from the United States.
|
Desk Reference Table
(Entire Circular PDF available at 9:30 a.m.) |
| Tables
(available at 9:00 a.m) |
| |
|
Wheat |
|
Monthly Commentary:
Wheat: World Markets and Trade |
|
Table 1: World Wheat, Flour, and Products Trade |
|
Table 2: World Wheat Production, Consumption, and Stocks |
|
Table 3: Regional Wheat Imports, Production, Consumption, and
Stocks |
|
Rice |
|
Monthly Commentary:
Rice: World Markets and Trade |
|
Table 1: World Rice Trade |
|
Table 2: World Rice Production, Consumption, and Stocks |
|
Table 3: Regional Rice Imports, Production, Consumption, and
Stocks |
|
Coarse Grains |
|
Monthly Commentary:
Coarse Grains: World Markets and Trade |
|
Table 1: World Coarse Grain Trade |
|
Table 2: World Coarse Grains Production, Consumption, and Stocks |
|
Table 3: Regional Coarse Grain Imports, Production, Consumption,
and Stocks |
|
Table 4: World Corn Trade |
|
Table 5: World Corn Production, Consumption, and Stocks |
|
Table 6: Regional Corn Imports, Production, Consumption, and
Stocks |
|
Table 7: World Barley Trade |
|
Table 8: World Barley Production, Consumption, and Stocks |
|
Table 9: Regional Barley Imports, Production, Consumption, and
Stocks |
|
Table 10: World Sorghum Trade |
|
Table 11: World Sorghum Production, Consumption, and Stocks |
|
Table 12: Regional Sorghum Imports, Production, Consumption, and Stocks |
|
Table 13: World Oats Trade |
|
Table 14: World Oats Production, Consumption, and Stocks |
|
Table 15: Regional Oats Imports, Production, Consumption, and Stocks |
|
Table 16: World Rye Trade |
|
Table 17: World Rye Production, Consumption, and Stocks |
|
Table 18: Regional Rye Imports, Production, Consumption, and Stocks |
|
Historical Data Series |
|
Table 1:
European Union: Grain Supply
and Demand |
|
Table 2: China: Grain Supply and Demand |
|
Table 3: Other Europe: Grain Supply and Demand |
|
Table 4: Former Soviet Union: Grain Supply and Demand (Wheat and
Coarse Grains) |
|
Table 5: Former Soviet Union: Grain Supply and Demand (Wheat) |
|
Table 6: Former Soviet Union: Grain Supply and Demand (Corn) |
|
Table 7: Former Soviet Union: Grain Supply and Demand (Barley) |
|
Table
8: Wheat Supply and Disappearance: Selected Exporters |
|
Table
9: Corn Supply and Disappearance: Selected Exporters |
|
Table 10: Barley Supply and Disappearance: Selected Exporters |
|
Table 11: Sorghum Supply and Disappearance: Selected Exporters |
|
Table 12: U.S. Grains Supply and Distribution: Wheat, Corn,
Sorghum, Barley, Oats, Rye, and Rice |
|
Table 13: Total Wheat and Coarse Grains: Supply and Demand |
|
Table 14: World Wheat and Coarse Grains: Supply and Demand |
|
Table 15: World Corn and Barley: Supply and Demand |
|
Table 16: World Rice: Supply and Demand |
|
Endnotes: Regional Table Definitions and other
notes. |
|
Additional Resources |
|
Production, Supply and Demand Database Online (PSD Online) |
|
World
Agricultural Supply and Demand Estimates (WASDE) |
|
Interagency
Commodity Estimates Committees (ICEC) |
| |
|
Grain Commodity Experts |
|
