In the Black Sea region, stronger currencies kept export quotations virtually unchanged despite a slowdown in exports.
Note: The FAO Rice Price Index is based on 16 rice export quotations.
Price indices: the wheat price index has been constructed based on the IGC wheat price index, rebased to July/June 1997/98-1999/00 = 100; for maize, the U.S. maize No. 2 Yellow (delivered U.S. Gulf ports) with base July/June, 1997/98-1999/00 = 100; for rice, the FAO Rice Price Index, 1998-2000=100, is based on 16 rice export quotations.
On the other hand, Thailand's rice competitiveness has been eroded since April by the strength of the baht relative to the US dollar, which, together with the Government's rice pledging scheme, has contributed to a rise in export quotations, resulting in a 4percentt contraction in shipments in the first four months of 2006 compared with the same period last year.
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But that rule, the Sixth Circuit observed in joining the ranks of unconvinced courts, "ha[d] not been a popular export". 880 F. 3d, at 790 (internal quotation marks omitted).
Most of those seeking dollars, however, did not undertake to remit gold even if the dollar quotation was at the gold-export point.
3 Dairy Price Index: Consists of butter, SMP, WMP, cheese, casein price quotations; the average is weighted by world average export trade shares for 1998-2000.
In addition, the strengthening of the Thai baht relative to the US dollar, in which export prices are expressed, has further contributed to the buoyancy of price quotations since April.
