The 2024/25 U.S. rice outlook reveals a tightening of supplies, with reduced production and lower beginning stocks driving a decrease in overall availability.
Key Points,
U.S. rice production is forecast to drop by 0.9 million cwt to 220.8 million cwt, primarily in long-grain varieties.
Global rice supplies are expected to decrease by 1.0 million tons to 704.4 million tons, with significant reductions in Vietnam.
World rice trade is projected to decline to 54.4 million tons, driven by lower exports from Brazil and Vietnam.
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U.S. rice production is expected to decline by 0.9 million cwt to 220.8 million cwt, driven mainly by a reduction in long-grain production. The all rice yield is slightly down to 7,623 pounds per acre, contributing to tighter overall supplies.
Globally, rice supplies are forecast to decrease by 1.0 million tons to 704.4 million tons, with significant reductions in beginning stocks and production, particularly in Vietnam. This decrease impacts the overall global availability of rice.
Global rice trade for 2024/25 is projected to fall to 54.4 million tons, driven by reduced exports from major producers like Brazil and Vietnam. This decrease in trade reflects the challenges in global rice production and the resulting tighter supply conditions.
The U.S. rice market faces a supply squeeze, with reduced production and lower beginning stocks leading to tighter ending stocks. Globally, rice markets are similarly under pressure, with declines in production and trade affecting overall supply stability.
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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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