The latest USDA report indicates a modest increase in U.S. rice supplies for 2024/25, driven by record-high imports of 48.0 million cwt. This increase is fueled by strong imports of Thai jasmine and Indian basmati rice. U.S. rice exports are also raised by 1.0 million cwt to 97.0 million, with growth primarily in medium- and short-grain rice exports to Northeast Asia. Despite these changes, projected ending stocks remain unchanged at 47.0 million cwt, the highest level since 2014/15. The season-average farm price for all rice is revised upward by $0.20 per cwt to $15.60 due to higher-than-expected January prices.
U.S. rice imports reach a record 48.0 million cwt, while exports rise to 97.0 million cwt, primarily due to increased medium- and short-grain shipments to Northeast Asia.
U.S. ending stocks remain at 47.0 million cwt, the highest level since 2014/15, while the season-average farm price rises to $15.60 per cwt.
Global rice production remains stable, with consumption increasing slightly to 530.7 million tons and ending stocks declining marginally to 181.5 million tons.
On the global front, the 2024/25 rice outlook remains relatively stable. Global production is virtually unchanged, with only a fractional increase in supplies due to higher beginning stocks. Consumption is projected to rise slightly by 0.2 million tons to 530.7 million, primarily due to increased demand from Bangladesh and Nepal. Global rice trade sees minor adjustments, while ending stocks are reduced slightly by 0.1 million tons to 181.5 million.
For businesses managing exposure to rice price fluctuations, stability remains key. Hedgify offers strategic risk management tools to help businesses hedge against market uncertainty and maintain financial resilience.
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