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: Turkey's dynamic economy is a complex mix of modern industry and commerce along with traditional agriculture that still accounts for nearly 40% of employment. It has a strong and rapidly growing private sector, yet the state still plays a major role in basic industry, banking, transport, and communication. The most important industry - and largest exporter - is textiles and clothing, which is almost entirely in private hands. In recent years the economic situation has been marked by erratic economic growth and serious imbalances. Real GNP growth has exceeded 6% in most years, but this strong expansion was interrupted by sharp declines in output in 1994 and 1999. Meanwhile the public sector fiscal deficit has regularly exceeded 10% of GDP - due in large part to the huge burden of interest payments, which now account for more than 40% of central government spending - while inflation has remained in the high double digit range. Perhaps because of these problems, foreign direct investment in Turkey remains low - less than $1 billion annually. Prospects for the future are improving, however, because the ECEVIT government since June 1999 has been implementing an IMF-backed reform program, including a tighter budget, social security reform, banking reorganization, and accelerated privatization. As a result, the fiscal situation is greatly improved and inflation has dropped below 40% - the lowest rate since 1987. The country experienced a financial crisis in late 2000, including sharp drops in the stock market and foreign exchange reserves, but is recovering rapidly, thanks to additional IMF support and the government's commitment to a specific timetable of economic reforms.
GDP: purchasing power parity - $444 billion (2000 est.)
GDP - real growth rate: 6% (2000 est.)
GDP - per capita: purchasing power parity - $6,800 (2000 est.)
GDP - composition by sector: agriculture: 15%
Industry: 29%
Services: 56% (1999)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: 2.3%
Highest 10%: 32.3% (1994)
Inflation rate (consumer prices): 39% (2000 est.)
Labor force: 23 million (2000 est.)
Note: about 1.2 million Turks work abroad (1999)
Labor force - by occupation: agriculture 38%, services 38%, industry 24% (2000)
Unemployment rate: 5.6% (plus underemployment of 5.6%) (2000 est.)
Budget: revenues: $54.5 billion
Expenditures: $75.2 billion, including capital expenditures of $3.3 billion (2000)
Industries: textiles, food processing, autos, mining (coal, chromite, copper, boron), steel, petroleum, construction, lumber, paper
Industrial production growth rate: 6.2% (2000 est.)
Electricity - production: 125.3 billion kWh (2000 est.)
Electricity - production by source: fossil fuel: 71%
Hydro: 29%
Nuclear: 0%
Other: 0% (2000 est.)
Electricity - consumption: 119.5 billion kWh (2000 est.)
Electricity - exports: 350 million kWh (2000 est.)
Electricity - imports: 3.35 billion kWh (2000 est.)
Agriculture - products: tobacco, cotton, grain, olives, sugar beets, pulse, citrus; livestock

Exports: $26.9 billion (f.o.b., 2000 est.)
Exports - commodities: apparel 25.6%, foodstuffs 15.4%, textiles 12.3%, metal manufactures 8.6%, transport equipment 8.1% (1998)
Exports - partners: Germany 18.7%, US 11.4%, UK 7.4%, Italy 6.3%, France 6.0% (2000 est.)
Imports: $55.7 billion (c.i.f., 2000 est.)
Imports - commodities: machinery 28.3%, chemicals 15.2%, semi-finished goods 14.5%, fuels 11%, transport equipment 9.5% (1999)
Imports - partners: Germany 13.1%, Italy 7.9%, US 7.2%, Russia 7.0%, France 6.6%, UK 5.0% (2000 est.)
Debt - external: $109 billion (2000 est.)
Economic aid - recipient: ODA, $195 million (1993)
Currency: Turkish lira (TRL)
Currency code: TRL
Exchange rates: Turkish liras per US dollar - 677,621 (December 2000), 625,219 (2000), 418,783 (1999), 260,724 (1998), 151,865 (1997), 81,405 (1996)
Fiscal year: calendar year
International organization participation:
AsDB, Australia Group, BIS, BSEC, CCC, CE, CERN (observer), EAPC, EBRD, ECE, ECO, ESCAP, EU (applicant), FAO, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IDB, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM (observer), ISO, ITU, NATO, NEA, NSG, OAS (observer), OECD, OIC, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIKOM, UNMIBH, UNMIK, UNOMIG, UNRWA, UNTAET, UPU, WEU (associate), WFTU, WHO, WIPO, WMO, WToO, WTrO
Transportation
Railways: total: 8,607 km
Standard gauge: 8,607 km 1.435-m gauge (1,524 km electrified) (1999)
Highways: total: 382,059 km
Paved: 106,976 km (including 1,726 km of expressways)
Unpaved: 275,083 km (1999 est.)
Waterways: 1,200 km (approximately)
Pipelines: crude oil 1,738 km; petroleum products 2,321 km; natural gas 708 km
Ports and harbors: Gemlik, Hopa, Iskenderun, Istanbul, Izmir, Kocaeli (Izmit), Icel (Mersin), Samsun, Trabzon
Merchant marine: total: 548 ships (1,000 GRT or over) totaling 5,617,302 GRT/9,088,451 DWT
Ships by type: bulk 140, cargo 242, chemical tanker 41, combination bulk 5, combination ore/oil 6, container 21, liquefied gas 6, passenger/cargo 1, petroleum tanker 43, refrigerated cargo 3, roll on/roll off 25, short-sea passenger 10, specialized tanker 5 (2000 est.)
Airports: 121 (2000 est.)
Airports - with paved runways: total: 86
Over 3,047 m: 16
2,438 to 3,047 m: 29
1,524 to 2,437 m: 19
914 to 1,523 m: 16
Under 914 m: 6 (2000 est.)
Airports - with unpaved runways: total: 35
1,524 to 2,437 m: 1
914 to 1,523 m: 8
Under 914 m: 26 (2000 est.)
Heliports: 2 (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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