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Rice Global Production and Consumption See Modest Gains

Writer's picture: Avi ShaposhnikAvi Shaposhnik

The USDA’s latest report on the U.S. and global rice markets highlights a mixed outlook for the 2024/25 season. Domestically, the U.S. rice supply is set to increase slightly due to higher imports and beginning stocks, while global rice markets experience minor changes, with rising consumption and marginal declines in trade and ending stocks.


  • U.S. rice production is projected to decline by 1.1 million cwt to 219.7 million cwt, with ending stocks increasing by 2.0 million cwt.

  • Global rice supplies are forecast to rise by 0.3 million tons to 704.7 million, driven by higher production in India.

  • World rice ending stocks are projected to decrease by 0.2 million tons to 177.2 million, primarily due to reductions in Bangladesh and Cambodia.

Rice Field
Rice Field

U.S. rice supplies for 2024/25 are projected to increase slightly, with higher beginning stocks and imports offsetting a 1.1 million cwt decline in production to 219.7 million cwt. Domestic use is reduced by 1.0 million cwt, while ending stocks are raised by 2.0 million cwt to 45.6 million. The season-average farm price remains unchanged at $15.60 per cwt.


Global rice supplies for 2024/25 are expected to rise by 0.3 million tons to 704.7 million, driven by higher beginning stocks and record production in India at 139.0 million tons. However, production declines in Bangladesh due to flooding are limiting global supply growth. World rice consumption is projected to increase by 0.5 million tons to 527.5 million tons.


Global rice trade and ending stocks are forecast to decrease slightly. Projected ending stocks are down 0.2 million tons to 177.2 million, with reductions in Bangladesh, Cambodia, and Senegal mostly balanced by increases in India and Indonesia. Global rice exports remain relatively unchanged this month.


The U.S. rice market is benefitting from increased imports and strong beginning stocks, despite lower production. On the global front, while India’s record rice production supports supply, weather challenges in other regions and modest declines in global ending stocks suggest a balanced but cautious outlook for 2024/25.


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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.

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