Rice: World Markets and Trade

An Expert's View about Processed Fruit and Vegetables in the United States

Posted on: 27 Jun 2016

For 2016/17, global production is still projected at a record. Global trade and consumption are little changed. The U.S. season-average farm price is forecast slightly higher than last month.

RICE: WORLD MARKETS AND TRADE OVERVIEW For 2016/17, global production is still projected at a record. Global trade and consumption are little changed. The U.S. season-average farm price is forecast slightly higher than last month, though still below the previous year’s level. For 2015/16, global production is higher as an upward revision to the Indian crop more than offsets declines in Argentina and Uruguay. Stocks are up from last month, but trade is down slightly. U.S. exports are raised marginally on the pace of shipments. Vietnam's Jasmine Rice Exports Continue to Rise 1200 1000 800 600 Other Africa 400 Asia 200 0 2009 2010 2011 2012 2013 2014 2015 Jan-Apr 2016 Vietnamese exports of fragrant Jasmine rice continue to rise rapidly, up 350 percent from 2009. This comprises a growing proportion – now over 20 percent – of the country’s total exports. Initial growth in Jasmine exports was on account of Asian markets, such as China and Hong Kong, where Jasmine rice has long been consumed. So far in 2016, a majority of Vietnam’s Jasmine shipments have been to Africa, a relatively new market. Within Africa, Ghana is the primary market. In the first four months of 2016, Vietnam exported over 135,000 tons of Jasmine rice to the country, a 60 percent increase compared to the same period last year. Changing tastes and preferences have fueled import demand for Jasmine rice, which is not locally produced. 9 Foreign Agricultural Service/USDA June 2016 Office of Global Analysis 1000 M T Libya Becomes Top U.S. Medium-Grain Rough Rice Market 250 200 150 Turkey Libya 100 Mexico 50 0 2012 2013 2014 2015 2016 (YTD) The core U.S. markets for medium-grain rough rice have been Turkey, Mexico, and Libya. Mexico, with its close proximity, has been a steady market. Until recently, Turkey has been a significant buyer, importing rough rice to mill and re-export to neighboring markets. However, thus far in 2016, it has yet to purchase any U.S. rice, relying more on nearby suppliers for medium-grain and increasingly purchasing long-grain. Notably, recent sales to Libya have finally brought improved export prospects for the abundant medium-grain supplies in the southern U.S. region. Exports to Libya to date have surged to nearly 50,000 tons (rough basis), making it the largest market so far in 2016. 10 Foreign Agricultural Service/USDA June 2016 Office of Global Analysis Th o u san d M e tr ic To n s PRICES $/MT Asian Export Quotes: Last 12 Months 440 420 400 380 360 340 320 300 THAI 100B VIET 5% INDI 5% PAK 5% Over the past couple of months, Asian export quotes have strengthened, with the exception of Vietnam where weaker demand from Southeast Asian markets has caused quotes to fall to $369/ton. Indian export quotes are marginally higher at $380/ton. Pakistani quotes, typically at a discount to India, have seen a sharp run-up to $410/ton, suggesting tightness in the market. Likewise, export quotes from Thailand escalated to $416/ton, in part due to production-related concerns and declining stocks, but have recently leveled off. Selected Trade Changes ξ Philippines imports are cut 300,000 tons to 1.5 million for 2016 due to slower trade and adequate supplies. ξ Burma exports are reduced 150,000 tons to 1.7 million for 2016 on slower trade to date and trimmed 100,000 tons to 1.8 million for 2017 on expectations of continued constraints to border trade. 11 Foreign Agricultural Service/USDA June 2016 Office of Global Analysis World Rice Trade January/December Year, Thousand Metric Tons 2012/13 2013/14 2014/15 2015/16 2016/17 2016/17 May Jun none TY Exports Argentina 526 494 310 480 600 600 Australia 460 404 323 200 230 230 Brazil 830 852 895 800 800 800 Burma 1,163 1,688 1,735 1,650 1,850 1,750 Cambodia 1,075 1,000 1,150 900 1,050 1,050 China 447 393 262 350 300 300 Egypt 700 600 250 250 250 250 European Union 203 284 251 270 260 260 Guyana 346 502 536 540 540 540 India 10,480 11,588 11,046 9,000 8,500 8,500 Pakistan 4,126 3,600 4,000 4,400 4,250 4,250 Paraguay 365 380 371 470 470 470 Thailand 6,722 10,969 9,779 9,800 9,000 9,000 Uruguay 939 957 718 800 840 840 Vietnam 6,700 6,325 6,606 7,000 7,000 7,000 Others 1,116 1,081 1,095 1,093 1,117 1,117 Subtotal 36,198 41,117 39,327 38,003 37,057 36,957 United States 3,295 2,998 3,472 3,350 3,600 3,600 World Total 39,493 44,115 42,799 41,353 40,657 40,557 none TY Imports Angola 430 496 434 450 475 475 Bangladesh 114 1,290 595 350 500 500 Brazil 712 586 363 700 600 600 Cameroon 550 610 525 530 530 530 China 3,500 4,450 5,150 5,000 5,000 5,000 Cote d'Ivoire 830 950 1,100 1,000 900 900 Cuba 413 377 575 500 510 510 European Union 1,375 1,556 1,786 1,600 1,600 1,600 Ghana 725 590 500 580 600 600 Haiti 416 385 444 470 440 440 Indonesia 650 1,225 1,198 2,000 1,250 1,250 Iran 2,220 1,650 1,300 1,450 1,450 1,450 Iraq 1,294 1,080 1,009 1,150 1,150 1,150 Japan 690 669 688 700 700 700 Kenya 410 440 450 460 470 470 Malaysia 885 989 1,051 1,020 1,050 1,050 Mexico 746 658 708 700 750 750 Mozambique 500 500 480 500 540 540 Nepal 340 510 529 500 550 550 Nigeria 2,400 3,200 2,500 2,300 2,000 2,000 Philippines 1,000 1,800 2,000 1,500 1,500 1,500 Saudi Arabia 1,326 1,410 1,444 1,450 1,500 1,500 Senegal 902 960 990 985 990 990 South Africa 990 910 912 1,000 925 925 United Arab Emirates 540 560 580 600 610 610 Others 11,809 12,684 11,223 10,944 11,199 11,199 Subtotal 35,767 40,535 38,534 38,439 37,789 37,789 Unaccounted 3,051 2,825 3,507 2,149 2,093 1,993 United States 675 755 758 765 775 775 World Total 39,493 44,115 42,799 41,353 40,657 40,557 TY=Trade Year, see Endnotes. Note about dates: 2015/16 is calendar year 2016, 2014/15 is calendar year 2015, and so on. Foreign Agricultural Service/USDA June 2016 Office of Global Analysis World Rice 偲oduction, 䍯nsumption, and Stoc歳 䱯cal Mar步tin朠Years, Thousand Metric Tons 2012/13 2013/14 2014/15 2015/16 2016/17 2016/17 May Jun none Milled 偲oduction Bangladesh 33,820 34,390 34,500 34,500 34,550 34,550 Brazil 8,037 8,300 8,465 7,600 8,500 8,500 Burma 11,715 11,957 12,600 12,200 12,500 12,500 Cambodia 4,670 4,725 4,700 4,350 4,700 4,700 China 143,000 142,530 144,560 145,770 146,500 146,500 Egypt 4,675 4,750 4,530 4,000 4,000 4,000 India 105,240 106,646 105,480 103,500 105,000 105,000 Indonesia 36,550 36,300 35,560 35,300 36,600 36,600 Japan 7,907 7,931 7,849 7,653 7,680 7,680 Korea, South 4,006 4,230 4,241 4,327 4,000 4,000 Pakistan 5,536 6,798 6,900 6,700 6,900 6,900 Philippines 11,428 11,858 11,915 11,350 12,000 12,000 Sri 䱡nka 2,675 2,840 2,850 3,300 3,400 3,400 Thailand 20,200 20,460 18,750 15,800 17,000 17,000 Vietnam 27,537 28,161 28,166 28,100 28,500 28,500 Others 39,151 40,446 40,556 40,334 41,545 41,553 Subtotal 466,147 472,322 471,622 464,784 473,375 473,383 United States 6,348 6,117 7,106 6,107 7,335 7,335 World Total 472,495 478,439 478,728 470,891 480,710 480,718 none 䍯nsumption and Residual Bangladesh 34,500 34,900 35,100 35,200 35,300 35,300 Brazil 7,850 7,900 7,910 7,840 8,000 8,000 Burma 10,400 10,450 10,500 10,600 10,700 10,700 Cambodia 3,550 3,650 3,615 3,600 3,600 3,600 China 141,000 143,000 144,500 146,000 145,000 145,000 Egypt 4,050 4,000 4,000 3,800 3,900 3,900 India 94,031 98,710 98,233 98,500 98,600 98,600 Indonesia 38,127 38,500 38,300 38,100 38,100 38,100 Japan 8,351 8,380 8,600 8,600 8,700 8,700 Korea, South 4,489 4,422 4,350 4,374 4,334 4,334 Nepal 3,353 3,811 3,716 3,600 3,650 3,650 Nigeria 5,300 5,600 5,700 5,400 5,200 5,200 Philippines 12,850 12,850 13,200 13,200 13,300 13,300 Thailand 10,600 10,700 10,600 10,800 11,100 11,100 Vietnam 21,600 22,000 22,000 21,850 21,800 21,800 Others 59,079 61,446 61,163 61,447 62,881 62,881 Subtotal 461,725 473,935 474,527 474,803 476,239 476,107 United States 3,779 3,977 4,155 3,853 4,287 4,287 World Total 465,504 477,912 478,682 478,656 480,526 480,394 none Endin朠Stoc歳 China 49,832 53,102 57,436 61,856 68,056 68,056 India 25,440 22,757 17,766 13,766 11,166 11,666 Indonesia 6,476 5,501 3,959 3,159 2,909 2,909 Japan 2,857 3,007 2,821 2,494 2,089 2,089 Korea, South 780 899 1,253 1,672 1,744 1,744 Philippines 1,487 1,695 2,210 1,960 2,510 2,160 Thailand 12,808 11,899 10,570 6,070 3,220 3,220 Others 12,977 14,455 16,819 14,283 13,318 13,486 Subtotal 112,657 113,315 112,834 105,260 105,012 105,330 United States 1,156 1,025 1,552 1,361 1,599 1,615 World Total 113,813 114,340 114,386 106,621 106,611 106,945 Note: All data are reported on a milled basis. Foreign Agricultural Service/USDA June 2016 Office of Global Analysis Re杩onal Rice Imports, 偲oduction, 䍯nsumption, and Stoc歳 Thousand Metric Tons May Jun 2012/13 2013/14 2014/15 2015/16 2016/17 2016/17 TY Imports none North America 1,776 1,771 1,816 1,825 1,890 1,890 Caribbean 971 903 1,176 1,125 1,110 1,110 South America 1,833 1,814 1,678 1,817 1,827 1,827 Other Europe 125 132 128 135 140 140 䙯rmer Soviet Union ⴠ12 557 567 467 411 406 406 Middle East 7,252 6,891 6,261 6,405 6,605 6,605 North Africa 487 480 466 465 465 465 Subⵓaharan Africa 11,567 12,669 10,971 11,220 10,930 10,930 East Asia 5,349 6,043 6,681 6,636 6,631 6,631 South Asia 722 2,581 1,579 1,010 1,210 1,210 Southeast Asia 3,606 5,027 5,514 5,720 4,960 4,960 Others 2,197 2,412 2,555 2,435 2,390 2,390 Total 36,442 41,290 39,292 39,204 38,564 38,564 偲oduction none North America 6,479 6,248 7,285 6,267 7,500 7,508 Caribbean 974 1,054 1,104 996 1,005 1,005 South America 15,852 16,384 16,365 15,480 16,588 16,588 European Union ⴠ28 2,100 1,937 1,963 2,055 2,026 2,026 䙯rmer Soviet Union ⴠ12 1,294 1,205 1,185 1,262 1,245 1,245 Middle East 2,251 2,450 2,443 2,392 2,495 2,495 North Africa 4,704 4,789 4,530 4,000 4,000 4,000 Subⵓaharan Africa 13,272 13,984 14,438 15,127 15,390 15,390 East Asia 157,953 157,701 159,486 160,194 160,924 160,924 South Asia 150,631 154,490 153,331 151,620 153,450 153,450 Southeast Asia 115,490 116,867 115,367 110,651 114,971 114,971 Others 1,495 1,330 1,231 847 1,116 1,116 Total 472,495 478,439 478,728 470,891 480,710 480,718 Domestic 䍯nsumption none North America 4,977 5,202 5,369 5,083 5,532 5,532 Central America 1,171 1,197 1,226 1,242 1,288 1,293 Caribbean 1,954 1,992 2,136 2,103 2,151 2,151 South America 14,354 14,542 14,568 14,602 14,781 14,776 European Union ⴠ28 3,250 3,250 3,320 3,380 3,420 3,420 䙯rmer Soviet Union ⴠ12 1,579 1,551 1,426 1,441 1,441 1,441 Middle East 8,989 9,248 9,145 9,055 9,160 9,160 North Africa 4,572 4,480 4,430 4,230 4,330 4,330 Subⵓaharan Africa 24,741 26,371 26,055 26,133 26,579 26,579 East Asia 157,459 159,412 160,714 161,904 161,259 161,259 South Asia 137,462 143,476 143,540 143,870 144,270 144,270 Southeast Asia 101,694 102,867 103,157 103,191 103,706 103,706 Others 707 708 556 530 535 535 Total 462,909 474,296 475,642 476,764 478,452 478,452 Endin朠Stoc歳 none North America 1,345 1,176 1,704 1,500 1,764 1,795 Central America 186 205 244 231 235 229 Caribbean 289 266 263 261 225 225 South America 1,591 1,902 2,129 1,606 1,900 1,809 European Union ⴠ28 1,188 1,163 1,237 1,232 1,178 1,178 Middle East 2,004 1,836 1,633 1,300 1,215 1,215 North Africa 427 602 916 901 786 786 Subⵓaharan Africa 2,229 1,987 2,283 2,197 1,653 1,653 East Asia 53,832 57,296 61,766 66,298 72,185 72,185 South Asia 26,819 25,629 21,808 17,059 14,094 14,594 Southeast Asia 23,486 21,876 19,997 13,802 11,202 11,102 Oceania 238 241 247 93 63 63 Others 179 161 159 141 111 111 Total 113,813 114,340 114,386 106,621 106,611 106,945 NOTES: 剥gional definitions appear on last page of this circular. Imports are reported on a trade year basis. All other data are reported using local marketing years. Foreign Agricultural Service/USDA June 2016 Office of Global Analysis U⹓⸠䝲ains Supply and Distribution㨠Wheat, 䍯rn, Sor杨um, 䉡rley, 佡ts, Rye, and Rice Thousand Metric Tons/䡥ctares 䅲ea Yield Rou杨 偲oduction Imports TY Imports Exports TY Exports 䙥ed Dom⸠ Domestic Endin朠 䡡r癥sted 偲oduction 䍯nsumption 䍯nsumption Stoc歳 Wheat 2014/15 18,771 3 nr 55,147 4,068 3,987 23,249 22,752 3,326 31,554 20,477 2015/16 19,058 3 nr 55,840 3,184 3,200 21,092 21,200 3,810 31,741 26,668 2016/17 17,310 3 nr 56,531 3,402 3,400 24,494 24,500 5,443 33,530 28,577 䍯rn 2014/15 33,644 11 nr 361,091 804 809 47,359 46,773 135,222 301,854 43,974 2015/16 32,678 11 nr 345,486 1,524 1,500 46,357 46,000 133,356 301,252 43,375 2016/17 34,763 11 nr 366,539 1,016 1,000 49,532 49,500 140,976 310,403 50,995 Sor杨um 2014/15 2,590 4 nr 10,988 10 27 8,965 9,249 2,048 2,429 468 2015/16 3,177 5 nr 15,158 127 110 8,382 7,800 2,540 5,970 1,401 2016/17 2,533 4 nr 10,338 25 25 5,588 5,500 2,540 5,080 1,096 䉡rley 2014/15 1,011 4 nr 3,953 513 430 312 292 935 4,234 1,711 2015/16 1,258 4 nr 4,666 435 450 239 275 1,089 4,413 2,160 2016/17 1,101 4 nr 4,202 435 400 327 300 1,089 4,419 2,051 佡ts 2014/15 419 2 nr 1,019 1,852 1,759 26 23 1,306 2,424 780 2015/16 516 3 nr 1,300 1,517 1,500 25 25 1,618 2,729 843 2016/17 417 2 nr 987 1,637 1,600 29 30 1,565 2,697 741 Rye 2014/15 104 2 nr 183 237 262 6 3 164 406 15 2015/16 146 2 nr 292 178 200 4 5 185 431 50 2016/17 109 2 nr 190 230 200 6 5 197 445 19 Rice, Milled 2014/15 1,187 8 10,079 7,106 783 758 3,207 3,472 nr 4,155 1,552 2015/16 1,042 8 8,724 6,107 762 765 3,207 3,350 nr 3,853 1,361 2016/17 1,227 9 10,479 7,335 762 775 3,556 3,600 nr 4,287 1,615 Notes: 坨eat Trade Year ⡔Y⤠statistics are on July/June years. Barley, corn, sorghum, rye and oats Trade Year ⡔Y⤠ statistics are on Oct/Sept years. 剩ce Trade Year ⡔Y⤠statistics are for the subsequent calendar year㬠'Imports' and 'Exports' columns contain data on the local marketing year: 睨eat, barley, oats and rye are June/May㬠corn and sorghum are Sept/Aug㬠rice is Aug/July. Foreign Agricultural Service/USDA June 2016 Office of Global Analysis World Rice㨠Supply and Demand Millions o映Metric Tons/䡥ctares 䅲ea Yield Rou杨 偲oductio TY Domestic Endin朠 䡡r癥sted 偲oductio n Exports 䍯nsumpti Stoc歳 Rice, Milled 1987/88 141.4 3.3 464.8 315.1 11.4 313.1 105.3 1988/89 146.6 3.3 490.8 332.1 14.0 325.7 111.7 1989/90 147.8 3.5 510.4 345.3 11.7 336.3 120.6 1990/91 147.0 3.5 519.4 351.4 12.3 345.3 126.7 1991/92 147.5 3.5 522.8 353.2 14.4 353.2 126.7 1992/93 146.5 3.6 524.2 354.0 14.9 357.5 123.2 1993/94 145.3 3.6 526.1 354.7 16.6 358.9 119.0 1994/95 147.3 3.7 540.0 364.1 20.8 365.5 117.6 1995/96 148.4 3.7 547.3 368.8 19.7 368.3 118.1 1996/97 150.1 3.8 565.3 381.4 18.9 379.2 120.3 1997/98 151.7 3.8 575.2 387.4 27.6 380.0 127.7 1998/99 153.1 3.8 587.0 394.9 24.8 388.6 134.0 1999/00 155.9 3.9 608.8 409.3 22.8 400.2 143.1 2000/01 152.4 3.9 594.1 399.3 24.3 395.6 146.7 2001/02 151.3 3.9 594.3 399.5 27.9 413.3 132.9 2002/03 146.9 3.8 563.0 378.2 27.6 408.1 103.0 2003/04 149.3 3.9 585.4 392.5 27.3 413.8 81.7 2004/05 151.8 3.9 596.4 400.8 28.9 408.5 74.0 2005/06 153.9 4.0 622.2 417.8 29.0 415.4 76.5 2006/07 154.5 4.0 625.0 420.1 31.8 421.2 75.4 2007/08 154.8 4.2 643.5 433.6 29.5 428.1 80.8 2008/09 158.2 4.2 668.7 449.3 29.4 437.6 92.6 2009/10 155.8 4.2 656.2 440.7 31.8 438.4 95.0 2010/11 158.4 4.2 672.1 450.4 36.5 445.3 100.0 2011/12 160.7 4.3 697.2 467.6 40.0 460.8 106.8 2012/13 158.5 4.4 704.5 472.5 39.5 465.5 113.8 2013/14 161.8 4.4 713.4 478.4 44.1 477.9 114.3 2014/15 161.0 4.4 713.8 478.7 42.8 478.7 114.4 2015/16 158.5 4.4 701.9 470.9 41.4 478.7 106.6 2016/17 161.1 4.4 716.8 480.7 40.6 480.4 106.9 Notes: Stocks, exports and consumption are expressed on a milled basis in marketing years. Foreign Agricultural Service/USDA June 2016 Office of Global Analysis ENDNOTES TO GRAIN: WORLD MARKETS AND TRADE REIG ONAL TABLES North America : Canada, Mexico, the United States. Central America: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama . Caribbean: Anguilla, Antigua and aB rbuda, Aruba, aB hamas, aB rbados, eB rmuda, British Virgin Islands, Cayman Islands, Cuba, Dominica, Dominican Republic, French West Indies, Grenada, Guadeloupe, Haiti, Jamaica and Dep , Leeward-Windward Islands, Martinique, Montserrat, Netherlands Antilles, Puerto Rico , Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Trinidad and Tobago, Turks and Caicos Islands, Virgin Islands of the U.S. South America: Argentina, oB livia, Brazil, Chile, Colombia, Ecuador, Falkland Islands (Islas Malvinas), French Guiana, Guyana, Paraguay, Peru, Suriname, Uruguay, Venezuela. EU : Austria, Belgium/Luxembourg, uB lgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom. Other Europe : Albania, Azores, oB snia and Herzegovina, Former uY goslavia, Gibraltar, Iceland, Macedonia, Montenegro, Norway, Serbia, Switzerland. F ormer Soviet Union : Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmeni stan, Ukraine, Uzbekistan. Middle East: aB hrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, United Arab Emirates, eY men. North Africa : Algeria, Egypt, Libya, Morocco, Tunisia. Sub - Saharan Africa : all African countries except North Africa. East Asia: China, Hong Kong, Japan, South Korea, North Korea, Macau, Mongolia, Taiwan. South Asia : Afghanistan, aB ngladesh, hB utan, India, Nepal, Pakistan, Sri Lanka, Maldives. Southeast Asia : rB unei, uB rma, Cambodia, I ndonesia, Laos, Malaysia, Philippines, Singapore, Thailand, Vietnam. Oceania: Australia, Fiji, New eZ aland, Papua New Guinea. Foreign Agricultural Service/USDA 55 June 2016 Office of Global Analysis OTHER NOTES Local Marketing Years (LMY) : LMY refers to the 12 -month period at the onset of the main harvest, when the crop is marketed (i.e., consumed, traded, or stored). The year first listed begins a country's LMY for that commodity (20 15/16 starts in 2015); except for summer grains in certain Southern Hemisphere countries and for rice in selected countries, where the second year begins the LMY (20 15/16 starts in 2016). .ey exporter /0<’s are Wheat Corn Barley Sorghum Argentina (Dec/Nov) Argentina (Mar/Feb) Australia (Nov/Oct) Argentina (Mar/Feb) Australia (Oct/Sep) Brazil (Mar/Feb) Canada (Aug/Jul) Australia (Mar/Feb) Canada (Aug/Jul) China (Oct/Sep) European Union (Jul/Jun) United States (Sep/Aug) China (Jul/Jun) South Africa (May/Apr) uR ssia (Jul/Jun) European Union (Jul/Jun) United States (Sep/Aug) Ukraine (Jul/Jun) India (Apr/Mar) United States (Jun/May) Kazakhstan (Jul/Jun) uR ssia(Jul/Jun) Turkey (Jun/May) Ukraine (Jul/Jun) United States (Jun/May) For a complete list of local marketing years, please see the FAS website (http://www.fas.usda.gov/psdonline/psdAvailability.aspx ). Stocks: Unless otherwise stated, stock data are based on an aggregate of differing local marketing years and should not be construed as representing world stock levels at a fixed point in time. Consumption: World totals for consumption reflect total utilizati on, including food, seed, industrial, feed, and waste; as well as differences in local marketing year imports and local marketing year exports. Consumption statistics for regions and individual countries, however, reflect food, seed, industrial, feed, and waste only. Trade: All PSD tables are balanced on the different local marketing years. All trade tables contain Trade Year (TY) data which puts all countries on a uniform, 12 -month period for analytical comparisons: wheat is July/June; coarse grains, c orn, barley, sorghum, oats, and rye are Oct/Sept; and rice is calendar year. EU Consolidation: The trade figures starting from 1999/00 represent the European Union (Croatia plus the former EU-27) and exclude all intra-trade. For the years 1960/61 through 1998/99, figures are the EU-15 and also exclude all intra-trade. EU-15 member states' data for grains are no longer maintained in the official USDA database . D ata for the individual NMS-10, plus uB lgaria , Romania , and Croatia, exists only prior to 1999/00. Statistics: (1) Wheat trade statistics include wheat, flour, and selected pasta products on a grain equivalent basis. (2) Rice trade statistics include rough, brown, milled, and broken on a milled equivalent basis. (3) Coarse grains statistics include corn, barley, sorghum, oats, rye, millet, and mixed grains but exclude trade in barley malt, millet, and mixed grains. Foreign Agricultural Service/USDA 65 June 2016 Office of Global Analysis Unaccounted: This term includes grain in transit, reporting discrepancies in some countries, and trade to countries outside the USDA database. The Global Commodity Analysis Division , Office of Global Analysis, Foreign Agricultural Service, USDA, Washington , DC 20250, prepared this circular. Information is gathered from official statistics of foreign governments and other foreign source materials, reports of U.S. agricultural attachsé and Foreign Service officers, office research, and related information. Further information may be obtained by writing the D ivision or telephoning (202) 720-3448. Note: The previous report in this series was Grain: World Markets and Trade May 2016. For further details on world grain production, please see World Agricultural Production June 2016. This circular is available in its entirety on the Internet via the Foreign Agricultural Service Home Page. The address is: http://www.fas.usda.gov Questions may be directed to the following staff: Teresa McKeivier (202) 690-1151 Teresa.McKeivierf@ as.usda.gov Wheat Daniel Archibald (202) 720-9432 Dan .Archibald@fas.usda.gov Wheat Rachel Trego (202) 720-1073 Rachel.Trego@fas.usda.gov Rice Kyle oB nsu (202) 260-8370 Kyle.oB nsu@fas.usda.gov Rice Yoonhee Macke (202) 690-4199 Yoonhee.M acke@fas.usda.gov Coarse Grains Andrew Sowell (202) 720-0262 Andrew.Sowell@fas.usda.gov Coarse Grains aB rrett uB mpas (202) 692-0337 aB rrett.uB mpas@fas.usda.gov Coarse Grains Foreign Agricultural Service/USDA 75 June 2016 Office of Global Analysis
Posted: 27 June 2016

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Rice: World Markets and Trade   By Foreign Agricultural Service