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July 2002 Edition
Conditions are Right: More Rice Trade in Sight
*Forecast
Competitive
pricing and speculation on the return of the El Niño weather phenomenon are two
factors creating an expected boost to global trade in CY 2003, marking a
five-year high.
For the first
time in history, conditions are right for India to have two consecutive years
of strong, if not record, exports. The 1997/98 El Niño caused a reduction of
rice production in parts of Southeast Asia and South America that allowed
India to reach record export levels that have yet to be achieved again, as
well as triggering a record level for global rice trade. Now, with huge stocks
and a government-supported export program, India maintains prices
lower than most other exporters. Nevertheless, record
exports would not be attainable without high import demand for
low-quality and parboiled rice in the markets of Africa, Indonesia, and the
Philippines.
In 2002, India
has gained market share–especially from Thailand–in Africa, the Middle
East, and Southeast Asia. India is expected to hold this new market share for
CY 2003.
Complete Grain Report in PDF: Text and Tables
Foreign Countries' Policies and Programs:
Situation and Outlook: Commentary and Current Data
General Footnotes for Grain Tables
Grain and Feed
Contact List
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Data in this report is available in both Adobe Acrobat and Lotus 123 formats. You may need to Get the Adobe Acrobat Reader. |
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