Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

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Economy
Economy - overview: Italy has a diversified industrial economy with roughly the same total and per capita output as France and the UK. This capitalistic economy remains divided into a developed industrial north, dominated by private companies, and a less developed agricultural south, with more than 20% unemployment. Most raw materials needed by industry and more than 75% of energy requirements are imported. Since 1992, Italy has adopted budgets compliant with the requirements of the European Monetary Union (EMU); wage moderation agreements by representatives of government, labor, and employers have helped to bring Italy's inflation into conformity with EMU requirements. Italy's economic performance, however, has lagged behind that of its EU partners and it must work to stimulate employment, promote labor flexibility, reform its expensive pension system, and tackle the informal economy.
GDP: purchasing power parity - $1.273 trillion (2000 est.)
GDP - real growth rate: 2.7% (2000 est.)
GDP - per capita: purchasing power parity - $22,100 (2000 est.)
GDP - composition by sector: agriculture: 2.5%
Industry: 30.4%
Services: 67.1% (2000 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: 3.5%
Highest 10%: 21.8% (1995)
Inflation rate (consumer prices): 2.5% (2000)
Labor force: 23.4 million (2000)
Labor force - by occupation: services 61.9%, industry 32.6%, agriculture 5.5% (1999)
Unemployment rate: 10.4% (2000 est.)
Budget: revenues: $488 billion
Expenditures: $501 billion, including capital expenditures of $NA (2000 est.)
Industries: tourism, machinery, iron and steel, chemicals, food processing, textiles, motor vehicles, clothing, footwear, ceramics
Industrial production growth rate: 1.9% (2000)
Electricity - production: 247.679 billion kWh (1999)
Electricity - production by source: fossil fuel: 79.09%
Hydro: 18.08%
Nuclear: 0%
Other: 2.83% (1999)
Electricity - consumption: 272.35 billion kWh (1999)
Electricity - exports: 530 million kWh (1999)
Electricity - imports: 42.539 billion kWh (1999)
Agriculture - products: fruits, vegetables, grapes, potatoes, sugar beets, soybeans, grain, olives; beef, dairy products; fish
Exports: $241.1 billion (f.o.b., 2000)
Exports - commodities: engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals; food, beverages and tobacco; minerals and nonferrous metals
Exports - partners: EU 56.8% (Germany 16.4%, France 12.9%, Netherlands 7.1%, Spain 6.3%, Netherlands 2.9%), US 9.5% (1999)
Imports: $231.4 billion (f.o.b., 2000)
Imports - commodities: engineering products, chemicals, transport equipment, energy products, minerals and nonferrous metals, textiles and clothing; food, beverages and tobacco
Imports - partners: EU 61% (Germany 19.3%, France 12.6%, Netherlands 6.3%, Spain 4.4%), US 5.0% (1999)
Debt - external: $NA
Economic aid - donor: ODA, $1.3 billion (1997)
Currency: Italian lira (ITL); euro (EUR)
Note: on 1 January 1999, the EU introduced the euro as a common currency that is now being used by financial institutions in Italy at a fixed rate of 1,936.27 Italian lire per euro and will replace the local currency for all transactions in 2002
Currency code: ITL; EUR
Exchange rates: euros per US dollar - 1.0659 (January 2001), 1.0854 (2000), 0.9386 (1999); Italian lire per US dollar - 1,688.7 (January 1999), 1,736.2 (1998), 1,703.1 (1997), 1,542.9 (1996)
Fiscal year: calendar year
International organization participation:
AfDB, AsDB, Australia Group, BIS, BSEC (observer), CCC, CDB (non-regional), CE, CEI, CERN, EAPC, EBRD, ECE, ECLAC, EIB, EMU, ESA, EU, FAO, G- 7, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, LAIA (observer), MINURSO, NAM (guest), NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNIKOM, UNMEE, UNMIBH, UNMIK, UNMOGIP, UNTSO, UPU, WCL, WEU, WHO, WIPO, WMO, WToO, WTrO, ZC
Transportation
Railways: total: 19,394 km
Standard gauge: 18,071 km 1.435-m gauge; Italian Railways (FS) operates 16,014 km of the total standard gauge routes (11,322 km electrified)
Narrow gauge: 112 km 1.000-m gauge (112 km electrified); 1,211 km 0.950-m gauge (153 km electrified) (1998)
Highways: total: 654,676 km
Paved: 654,676 km (including 6460 km of expressways)
Unpaved: 0 km (1997)
Waterways: 2,400 km
Note: for various types of commercial traffic, although of limited overall value
Pipelines: crude oil 1,703 km; petroleum products 2,148 km; natural gas 19,400 km
Ports and harbors: Augusta (Sicily), Bagnoli, Bari, Brindisi, Gela, Genoa, La Spezia, Livorno, Milazzo, Naples, Porto Foxi, Porto Torres (Sardinia), Salerno, Savona, Taranto, Trieste, Venice (2001)
Merchant marine: total: 445 ships (1,000 GRT or over) totaling 8,005,136 GRT/10,556,244 DWT
Ships by type: bulk 44, cargo 41, chemical tanker 77, combination ore/oil 4, container 24, liquefied gas 38, multi-functional large-load carrier 1, passenger 11, petroleum tanker 85, refrigerated cargo 1, roll on/roll off 64, short-sea passenger 26, specialized tanker 14, vehicle carrier 15 (2000 est.)
Airports: 135 (2000 est.)
Airports - with paved runways: total: 97
Over 3,047 m: 5
2,438 to 3,047 m: 32
1,524 to 2,437 m: 17
914 to 1,523 m: 31
Under 914 m: 12 (2000 est.)
Airports - with unpaved runways: total: 38
1,524 to 2,437 m: 2
914 to 1,523 m: 18
Under 914 m: 18 (2000 est.)
Heliports: 4 (2000 est.)
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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