The USDA’s latest 2024/25 U.S. rice outlook projects higher supplies, increased domestic use, lower exports, and rising ending stocks. Imports are up, driven by higher long-grain shipments from Thailand, while medium- and short-grain imports decline due to reduced shipments from China to Puerto Rico. Domestic use is projected at a record 166.0 million cwt, while exports are cut 4.0 million cwt to 96.0 million, reflecting weak sales to Western Hemisphere markets. U.S. ending stocks are raised 3.5 million cwt to 47.0 million, the highest level in ten years. The season-average farm price is lowered $0.20 per cwt to $15.40 due to weaker long-grain prices.
U.S. rice ending stocks are raised 3.5 million cwt to 47.0 million, the highest level in ten years, while the season-average farm price falls to $15.40 per cwt.
Global rice trade is projected at a record 58.3 million tons, with India’s exports rising to 22.0 million tons.
Global ending stocks fall 0.5 million tons to 181.6 million, with India and Sri Lanka seeing the largest declines.
Global rice ending stocks are revised down 0.5 million tons to 181.6 million, primarily due to reductions in India and Sri Lanka, though increases in other countries, including the United States, partly offset this decline.
With record U.S. rice stocks and shifting global trade dynamics, market participants should monitor price trends and trade flows closely to manage potential risks.
The information provided in this market insight is for general informational purposes and should not be considered financial advice. It is not intended to offer any financial recommendations or endorsements. Any decisions made based on the content are the sole responsibility of the reader.
Comments