World Rice Production 2016/2017
July 2016
This month the United States Department of Agriculture (USDA) estimates that the World Rice Production 2016/2017 will be 481.23 million metric tons, around 0.51 million tons more than the previous month's projection.Rice Production last year (*) was 470.64 million tons. This year's 481.23 estimated million tons could represent an increase of 10.6 million tons or a 2.25% in rice production around the globe.
Rice Production by Country
(Values in Metric Tons)China: 146,500,000
India: 105,000,000
Others: 41,623,000
Indonesia: 36,600,000
Bangladesh: 34,550,000
Vietnam: 28,500,000
Thailand: 17,000,000
Burma: 12,500,000
Philippines: 12,000,000
Brazil: 8,500,000
United States: 7,779,000
Japan: 7,680,000
Pakistan: 6,900,000
Cambodia: 4,700,000
Korea, South: 4,000,000
Egypt: 4,000,000
Sri Lanka: 3,400,000
https://www.worldriceproduction.com/?Referer=Newsletter
Breathtaking aerial images show 3D rice paddy artworks in China that are believed to bring blessings to local farmers
- Farmers in the north of China have created incredible 3D artworks on their rice paddies using different types of rice
- The idea is believed to have originated in Japan during the 1990's, and these farmers create new pictures annually
- Tourists visit the paddies and use ramps up to viewing platforms to see 17 different pictures, each 25 acres in total
- It is also thought that creating the artwork can be a means to attract blessings for the farmers
Aerial pictures of rice paddies in the Liaoning
province of China show 3D artworks made with the crop.
According to Catch News, farmers use
alternate colours and types of rice to create the incredible 3D pictures.
Farmers draw on pop culture for inspiration,
and some of the designs are of popular Chinese television characters.
One such artwork is of Monkey King, a character
in a popular television show called 'Journey to the West'.
It takes months to create each image, and
farmers use their knowledge of each crop to sketch a draft of the picture and
plant their crop accordingly.
Tourists visit Shenyang city and are able to
view the pictures – which span 25 acres – from ramps which rise from the land
between the fields in to platforms.
There are 17 artworks in all, and they are
considered a tourist attraction in the north of China. It is believed that the
artworks can also help attract blessings to the farmers.
Though rice paddy artworks are believed to have
originated in Japan, these farmers have begun a tradition of creating new
pictures each year.
One rice paddy artwork shows the silhouette of
a couple with a bright yellow sun as the backdrop as two others come past
riding an animal
Different shades of brown and green can be seen
in the above image, as well as black white and yellow. The pictures take months
to sketch and plant
A 3D image of Monkey King, a popular television
character from the show Journey to the West is seen in the rice padd
http://www.dailymail.co.uk/news/article-3684452/Breathtaking-aerial-images-3D-rice-paddy-artworks-China-believed-bring-blessings-local-farmers.html
Monsoon will cover entire country by Wednesday: Met
Thiruvananthapuram, July
11:
The
monsoon has been stuck over a small arc linking Gujarat and West Rajasthan over
the past few days as it waits to run through the last outpost to establish
coverage over mainland India.
The
India Meteorological Department says it will take two more days for it to
accomplish this significant milestone.
Rain in Rajasthan
Heavy rain has been reported over west Rajasthan and adjoining Gujarat as the footprint of a wet spell reached out from Madhya Pradesh.
Heavy rain has been reported over west Rajasthan and adjoining Gujarat as the footprint of a wet spell reached out from Madhya Pradesh.
The
rains are forecast to sustain over Central and adjoining North-West India for
the next few days given the presence of helpful atmospheric systems
(low-pressure areas and other circulations).
These
include the low-pressure area over North-East Madhya Pradesh and upper air
cyclonic circulations over South-West Madhya Pradesh and Odisha-Jharkhand.
Completing
the ensemble is the land-based trough extending from North-West Rajasthan to
East-Central Bay of Bengal through north Chhattisgarh and Odisha.
Weak phase
As for Tuesday, the Met has forecast heavy to very heavy rain over at a few places over Gujarat; isolated places over east Rajasthan and west Madhya Pradesh; heavy at isolated places over Himachal Pradesh, Uttarakhand, west Rajasthan, east Madhya Pradesh, Saurashtra and Kutch.
As for Tuesday, the Met has forecast heavy to very heavy rain over at a few places over Gujarat; isolated places over east Rajasthan and west Madhya Pradesh; heavy at isolated places over Himachal Pradesh, Uttarakhand, west Rajasthan, east Madhya Pradesh, Saurashtra and Kutch.
An
almost similar forecast is valid for the period for the next four days until
Friday, following which the rains are forecast to confine themselves
increasingly to the northern and north-eastern parts of the country.
Projections
by the Met Department itself suggest that this scenario will emerge from July
16 to 25 with rains drying up gradually from Peninsular, Central and West
India.
This has
all the trappings of an emerging weak phase, which the monsoon invariably runs
into after a productive spell. http://www.thehindubusinessline.com/economy/agri-business/monsoon-will-cover-entire-country-by-wednesday-met/article8835772.ece
20 lakh tonnes of Boro rice produced in Rangpur region
Bss, Rangpur
According to the Department of Agriculture Extension (DAE) sources, Boro crop was cultivated on 5.01 lakh hectares of land, which was 99.8 percent against the fixed target of 5.02 lakh hectares, to produce 20.97 lakh tonnes clean Boro rice last season.
The fixed target included production of 7.57 lakh tonnes of hybrid variety Boro rice from 1.51 lakh hectares land, 13.35 lakh tonnes of high yielding variety rice from 3.49 lakh hectares and 4,255 tonnes of local variety Boro rice from 2,127 hectares land.
The achieved average yield rate stood at 4.74 tonnes clean rice per hectare of land for hybrid variety, 3.88 tonnes for high yielding variety and 2.14 tonnes per hectare of land for local variety Boro rice during the last Rabi season in the region.
"The Boro output marked little shortfall following crop diversification, enhanced cultivation of wheat and maize and ongoing efforts for reducing more irrigation water consuming crop cultivation in the region," said horticulture specialist of the DAE Khondker Md Mesbahul Islam.
He said the farmers finally produced 6.68 lakh tonnes of hybrid Boro rice from 1.41 lakh hectares of land, over 13.89 lakh tonnes high yielding variety rice from 3.57 lakh hectares and 6,606 tonnes local variety Boro rice from 3,090 hectares of land last season.
Adviser-Agriculture of Brac International (South Asia and Africa) Dr MA Mazid said expanded adoption of the latest conservation agriculture technologies by the farmers contributed to higher Boro rice yield rate per hectare during the last Rabi season.
Rangpur Regional Additional Director of DAE Md Shah Alam said the farmers got excellent yield rate of Boro rice as a result of smooth cultivation of the crop, timely supply of electricity, diesel, other inputs and facilities by the governmen
Rice farms receive federal help to provide waterbird habitat
Farmers could receive $5 to $100 per acre to enhance rice fields for waterbird habitatDevelopment and drought have drastically reduced waterbird habitat in California
Aligning rice production to support waterbird breeding and migration boosts populations
A black-necked stilt rests on the levee of a
rice field in Sutter County. Leslie
Morris California Rice Commission
With habitat for California waterbirds drying up, conservation groups and rice farmers are collaborating to flood fields and enhance waterbird habitat on roughly 550,000 acres of California’s rice fields.
The U.S. Department of Agriculture’s Natural Resources Conservation Service is contributing $7 million, matched by partner agencies, for helping share farmers’ costs of implementing new practices that align rice growing with waterbird needs.
“The idea behind the program is to provide the incentive for people to adopt new things and then do it on their own even without the payment,” program manager Alan Forkey said.
Rice farmers will receive from $5 to over $100 per acre for their participation, depending on factors such as field location and soil type.
“We saw the response of the birds, and the rice industry has decided to invest significantly,” says Paul Buttner, environmental affairs manager with the California Rice Commission, which represents about 2,500 rice farmers and handlers in the state. The vast majority of California rice is grown in the Central Valley, generating more than $5 billion for the state’s economy.
Many rice farmers already flood their fields during the winter to decompose rice straw left over from harvest in September. Historically, leftover rice straw was burned, but California legislation phased out the practice in the 1990s to reduce air pollution. Alternative approaches to remove rice straw currently include tillage or tractor use.
“We used to fill the air with smoke; now, we fill it with waterbirds,” Buttner said.
Typically, those fields are drained in January to prepare for the next growing season, but the program incentivizes variable drawdown, which involves draining fields gradually in January rather than all at once and extending flooding by about four weeks.
Up to three times the number of waterbirds, which make their homes in or near water, are observed on rice fields with variable drawdown. The program also encourages other practices throughout the year, such as building nesting islands for birds in the middle of rice fields.
Each year, millions of migratory waterbirds depend on California’s wetlands to rest and refuel on their long journey. These include ducks, shorebirds, herons, egrets, cranes, terns, rails and ibises, many of which migrate along the Pacific flyway spanning from Alaska to South America during the winter.
Since the 1800s, more than 90 percent of California’s wetlands have been lost due to human activity. Drought conditions over the past few years have further diminished available habitat, causing waterbird populations to decline significantly.
One positive development has been a recent increase in duck numbers. Over the past three years, duck species have declined in surveys conducted by the California Department of Fish and Wildlife. However, a recent survey released in June reported a 32 percent rise in the number of ducks observed, from 315,577 to 417,791.
This year’s spring rains gave a boost to waterbird habitat, which is expected to help with breeding and fall flight. But more predictable than rainfall, habitat enhancement on rice fields benefits not just 50 species of waterbirds, but 230 species believed to rely on rice fields, including reptiles and mammals.
Farmers wishing to receive technical and financial assistance for enhancing waterbird habitat on their fields can visit their local Natural Resources Conservation Service office before the July 29 application deadline
http://www.sacbee.com/news/investigations/wildlife-investigation/article88983882.html#storylink=cpy
VN rice exports plunge
Update: July, 12/2016 - 04:00
image:
http://image.vietnamnews.vn//uploadvnnews/Article/2016/7/11/RICE18045130PM.JPG
Rice harvesting in the Cửu Long (Mekong) Delta.
- VNS PhotoViet Nam News
HCM CITY
– Việt Nam’s rice exports in the first half of the year fell by 32 per cent
over the same period last year, mostly due to competition from other countries,
the Việt Nam Food Association (VFA) has said.
In
addition to rice exports from Myanmar, Pakistan and India, Vietnamese exporters
had to contend with Thailand selling off a huge stockpile of its rice.
In the
first quarter, rice exports increased more than 50 per cent compared to the
same period last year, mostly because of contracts signed last year.
But with
domestic rice prices higher than global rice prices in March and April, many
domestic enterprises were unable to sign new contracts, leading to a fall in
exports in the second quarter.
Asian
countries remained the main buyers of Vietnamese rice, accounting for 67 per
cent of total rice exports, followed by Africa (16.4 per cent) and the Americas
(11.9 per cent), according to a report released at a VFA meeting held last
Friday.
However,
in the first half of the year, total rice exports to Asia fell by 5.4 per cent,
dropping by 9 per cent to China and 52 per cent to the Philippines.
Unlike
the fall of exports to Asia, Vietnamese rice exports to Africa and the Americas
rose 10.8 per cent and 11 per cent, respectively, compared to the first half of
last year.
During
the period, exports of five per cent and 25 per cent broken white rice fell by
29 per cent and 26 per cent, respectively.
At the
same time, exports of fragrant rice increased by 30 per cent and 15 per cent
broken white rice by 18 per cent, while sticky rice rose by 145 per cent.
At the
VFA meeting, the association adjusted the total export target for the year from
6.5 million to 5.65 million, excluding border trade, a year-on-year fall of 14
per cent.
For the
first six months, a total of 2.7 million tonnes of rice were exported.
Huỳnh
Minh Huệ, VFA’s general secretary, said that local rice exporters expected to
ship three million tonnes in the last half of the year, a drop of 22 per cent
over the same period last year.
Speaking
to the press on the sidelines of the meeting, VFA Chairman Huỳnh Thế Năng said
the target was based on the association’s data analytics, and that market
conditions could change if the Philippines, Indonesia and others bought more
Vietnamese rice.
Lâm Anh
Tuấn, director of Thịnh Phát Co Ltd, said the target was feasible, as the price
of Việt Nam’s five per cent broken white rice was the most competitive in the
region.
Besides
official exports, enterprises have also exported rice to China via border trade
since 2012, with annual export volume reaching 1.5-1.7 million tonnes.
VFA said
the Ministry of Industry and Trade would organise a meeting later this month to
discuss problems faced by the rice production sector. - VNS
http://vietnamnews.vn/economy/299389/vn-rice-exports-plunge.html#i5Dm5684Wggpa438.99
To spike disputes, centre bans export of rice without price settlement
After a sharp fall in basmati rice exports realisation since FY14, the government has decided to ban the business practice of Documents against Acceptance...
By: Sandip Das | Published:
July 12, 2016 6:10 AM
According to Vijay Setia, former president of AIREA and also a leading basmati rice exporter, because of DA, the rice trade has become buyers market; often consignments are not lifted from the port by importer and thus, the price had to be renegotiated.
“We have been demanding a curb on DA since the last couple of years as it was pulling down price realisation from basmati rice export, thus hitting the farmers’ income as well,” Setia told FE.
Official sources said because of the practice of DA mostly carried out by small exporters, the country’s basmati rice shipment has seen a 29% fall to R22,718 crore in FY16 from a record R29,299 crore reported in FY14. However, the volume of basmati rice exports has risen from 3.7 million tonne (MT) to more than 4 MT.
According to an AIREA official, other rice exporting countries such as Pakistan, Vietnam and Thailand do not allow DA transaction.
Basmati rice exporters agree that the government was initially reluctant to intervene in a commercial transaction between importer and exporter of rice. However, with the realisation from the premium agricultural products like basmati rice shrinking sharply, hitting overall agricultural product exports from the country, the commerce ministry has agreed to ban the practice of DA.
“With a ban on DA transactions many unhealthy practices in the industry will stop and prices realisation will rise,” Kuber Seth, director, DCP India, which exports basmati rice with ‘Asbah’ brand name. Trade sources said the bigger sized basmati rice exporters at present use the system of ‘letter of credit’ where the importers instruct their bank to pay exporters as per the specified conditions mentioned in the original documentary credit.
Commerce ministry sources said the average realisation from basmati exports has fallen from $1,295 per tonne in FY14 to around $850 a tonne in FY16 while for non-basmati rice, the fall was to $350 per tonne in the last fiscal from around $450 per tonne two years earlier.
India has around 85% share in the global basmati rice exports while the rest is contributed by Pakistan. The countries such as Iran, Saudi Arabia and United Arab Emirates (UAE) are the biggest destination for the country’s aromatic and long grain rice
Weed Control in Rice Fields
July 11, 2016
Controlling Herbicide-Resistant Weeds in California Rice Fields
By Emily McKay Johnson, Associate Editor
Whitney Brim-DeForest, UC ANR Cooperative Extension rice farm advisor for Sutter, Yuba, Placer and Sacramento Counties in California, currently works in all rice production areas across the state to identify problematic weeds in rice fields.Given her background in weed science, Brim-DeForest explained California rice growers flood their fields for weed suppression, as well as use herbicides for weed control and management. “I’d say that we do have quite a few herbicides right now. As we continue to get new herbicide resistant weeds every year,” said Brim-DeForest, “we are starting to run out of options, especially for some growers who encounter herbicide resistance.”
Brim-DeForest believes herbicide resistance was first discovered in the early 1990’s, but “has become significantly problematic for growers within the last 20 years. Because of the herbicides we use and the limited number that we have, we have ended up with an increasing number of weeds that are herbicide resistant every year. Since about 2000, we’ve had a new species or herbicide that encounters resistance every year,” she stated.
Brim-DeForest treats a multitude of weed species in her line of work. “I would say the watergrass species is our biggest problem,” she noted. “We also have a weedy red rice that was discovered in the early 2000s. It is not widespread, but we do have a few fields with it,” she explained.
Featured Photo: Whitney Brim-DeForest, UC ANR Cooperative Extension rice farm advisor.
Nagpur Foodgrain Prices Open-12 July,2016
Nagpur, July 12 Gram and tuar prices reported strong in Nagpur Agriculture Produce and Marketing Committee (APMC) here on good buying support from local millers amid weak supply
from producing regions because of heavy rains. Notable rise on NCDEX in gram, fresh hike in
Madhya Pradesh pulses and enquiries from South-based millers also pushed up prices, according to
sources.
* * * *
FOODGRAINS & PULSES
GRAM
* Gram varieties ruled steady in open market here matching the demand and supply
position.
TUAR
* Tuar gavarani recovered further in open market here on increased marriage season
demand from local traders amid tight supply producing regions.
* Batri dal and Lakhodi dal firmed up in open market on renewed seasonal demand from
local traders amid tight supply from producing belts.
* In Akola, Tuar New - 8,800-9,000, Tuar dal New - 13,100-13,400, Udid -
12,500-13,000, Udid Mogar (clean) - 16,200-17,100, Moong -
8,200-8,400, Moong Mogar (clean) 9,200-9,500, Gram - 8,000-8,300,
Gram Super best bold - 9,700-10,100 for 100 kg.
* Wheat, rice and other commodities moved in a narrow range in
scattered deals, settled at last levels.
Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg
FOODGRAINS Available prices Previous close
Gram Auction 7,600-8,640 7,500-8,600
Gram Pink Auction n.a. 2,100-2,600
Tuar Auction 7,600-9,200 7,600-9,060
Moong Auction n.a. 6,400-6,600
Udid Auction n.a. 4,300-4,500
Masoor Auction n.a. 2,600-2,800
Gram Super Best Bold 10,000-10,500 10,000-10,500
Gram Super Best n.a. n.a.
Gram Medium Best 9,500-9,800 9,500-9,800
Gram Dal Medium n.a. n.a
Gram Mill Quality 8,700-8,900 8,700-8,900
Desi gram Raw 8,500-8,900 8,500-8,900
Gram Yellow 9,600-9,800 9,600-9,800
Gram Kabuli 8,900-10,900 8,900-10,900
Gram Pink 9,500-9,800 9,500-9,800
Tuar Fataka Best-New 13,300-13,700 13,300-13,700
Tuar Fataka Medium-New 12,700-13,000 12,700-13,000
Tuar Dal Best Phod-New 12,200-12,500 12,200-12,500
Tuar Dal Medium phod-New 11,500-12,000 11,500-12,000
Tuar Gavarani New 8,900-9,100 8,900-9,100
Tuar Karnataka 9,000-9,400 9,000-9,400
Tuar Black 12,600-13,300 12,600-13,300
Masoor dal best 7,600-7,800 7,600-7,800
Masoor dal medium 6,700-7,200 6,700-7,200
Masoor n.a. n.a.
Moong Mogar bold (New) 9,000-9,800 9,000-9,800
Moong Mogar Med 8,500-8,800 8,500-8,800
Moong dal Chilka 6,800-7,200 6,800-7,200
Moong Mill quality n.a. n.a.
Moong Chamki best 8,200-8,600 8,200-8,600
Udid Mogar best (100 INR/KG) (New) 16,000-17,500 16,000-17,500
Udid Mogar Medium (100 INR/KG) 13,900-15,500 13,900-15,500
Udid Dal Black (100 INR/KG) 9,500-9,700 9,500-9,700
Batri dal (100 INR/KG) 6,300-6,600 6,200-6,600
Lakhodi dal (100 INR/kg) 5,500-5,800 5,400-5,800
Watana Dal (100 INR/KG) 4,100-4,200 4,100-4,200
Watana White (100 INR/KG) 3,700-3,800 3,700-3,800
Watana Green Best (100 INR/KG) 4,500-4,800 4,500-4,800
Wheat 308 (100 INR/KG) 1,850-1,950 1,850-1,950
Wheat Mill quality (100 INR/KG) 1,950-2,050 1,950-2,050
Wheat Filter (100 INR/KG) 1,750-1,950 1,750-1,950
Wheat Lokwan best (100 INR/KG) 2,250-2,400 2,250-2,400
Wheat Lokwan medium (100 INR/KG) 2,000-2,150 2,000-2,150
Lokwan Hath Binar (100 INR/KG) n.a. n.a.
MP Sharbati Best (100 INR/KG) 3,200-3,800 3,200-3,800
MP Sharbati Medium (100 INR/KG) 2,700-3,000 2,900-3,000
Rice BPT best New(100 INR/KG) 3,100-3,500 3,100-3,500
Rice BPT medium (100 INR/KG) 2,700-3,000 2,700-3,000
Rice Parmal (100 INR/KG) 2,000-2,200 2,000-2,200
Rice Swarna best (100 INR/KG) 2,500-2,700 2,500-2,700
Rice Swarna medium (100 INR/KG) 2,100-2,300 2,100-2,300
Rice HMT best New (100 INR/KG) 3,500-3,850 3,500-3,850
Rice HMT medium (100 INR/KG) 2,900-3,200 2,900-3,200
Rice Shriram best New(100 INR/KG) 4,800-5,000 4,800-5,000
Rice Shriram med New(100 INR/KG) 4,300-4,600 4,300-4,600
Rice Basmati best (100 INR/KG) 9,900-13,000 9,900-13,000
Rice Basmati Medium (100 INR/KG) 7,900-8,700 7,900-8,700
Rice Chinnor best New(100 INR/KG) 5,700-6,000 5,700-6,000
Rice Chinnor med. New (100 INR/KG) 5,300-5,500 5,300-5,500
Jowar Gavarani (100 INR/KG) 1,900-2,100 1,900-2,100
Jowar CH-5 (100 INR/KG) 1,700-1,850 1,700-1,850
WEATHER (NAGPUR)
Maximum temp. 30.0 degree Celsius (88.0 degree Fahrenheit), minimum temp.
24.4 degree Celsius (75.9 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : 1.2 mm
FORECAST: Generally cloudy sky. Rains or thunders-showers likely to occur. Maximum and minimum
temperature would be around and 27 and 24 degree Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)
http://in.reuters.com/article/nagpur-foodgrain-idINL4N19Y33V
Arkansas Farm Bureau Daily Commodity Report
Rice|
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Grain Cash Bids
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Grain New Crop
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Rice Comment
Rice futures were mixed. The WASDE report
showed mostly offsetting changes, but 16-17 ending stocks are projected at
their highest level since 85-86 thanks to large increases in California medium
grain stocks. The all rice on farm average price was lowered, again a result of
lower prices in California. September has bounced off support near $10.25, and
is attempting to work higher.
USA Rice Staffer Bill Farmer Retires
By Michael Klein
DALLAS, TX -- Loyalty and perseverance were
favorite words used by industry leaders to describe USA Rice staffer Bill
Farmer at a ceremony here yesterday honoring his long career.
Farmer began working for USA Rice in 1992 to
help open markets in Asia, and perhaps more pointedly, open Asian minds,
refined as they are on issues of rice, to U.S. products. He has traveled
extensively throughout Japan, Taiwan, Korea, Singapore, and China on behalf of
the U.S. rice industry.
In recognizing Farmer for his years of loyal
service, USA Rice President & CEO Betsy Ward said, "I want to thank
Bill for the long flights, long meetings, lost luggage, and adventures in
translation. His steady persistence and
tireless commitment working to promote U.S. rice abroad have proven fruitful
and we're going to miss his dedication."
"Bill's contributions to the U.S. rice
industry have been tremendous," said USA Rice International Promotion
Committee Chairman John Valpey. "He
actually had a dish at a local hotel named after him, "Bill's dish,"
which was beef curry over California Calrose."
Valpey shared memories from various members who
recounted their travels with Farmer over the years. Kirk Messick, with Farmers' Rice Cooperative,
was one who said, "Bill has the deepest institutional knowledge of our
export promotion efforts, and we greatly appreciate all he has done on the
industry's behalf."
Valpey concluded the retirement ceremony
saying, "Bill has had a lasting impact on our industry and on the world
and for that we say, from the bottom of our hearts - thank you! And we wish you all the best in retirement
and congratulations
WASDE Report Released
WASHINGTON, DC -- U.S. 2016/17 all
rice supplies are raised 12 million cwt to 309.9 million on a production
increase that is partially offset by lower beginning stocks. Long-grain
production is raised 2 million cwt while combined medium- and short-grain
production is raised 12 million cwt. The production increase reflects the
148,000 acre increase in planted area (mostly California medium- and
short-grain rice) from NASS' June Acreage report. Harvested area is
forecast at 3.2 million acres, up 24 percent from the previous year. Beginning
stocks are reduced 2 million cwt on an equivalent increase in 2015/16 exports.
For 2016/17, all rice domestic and residual use and exports are each raised 3
million cwt to 138 million and 115 million, respectively. Ending stocks are
unchanged for long-grain, but raised 6 million to 16.5 million for medium and
short-grain. All rice ending stocks are now forecast at 56.9 million cwt, the
largest since 1985/86. The all rice season-average farm price is lowered $0.40
per cwt at the midpoint to a projected range of $11.20 to $12.20, reflecting
lower expected California prices.
Global rice supplies for 2016/17
are raised 600,000 tons primarily on the larger U.S. crop. Several mostly
offsetting changes are made for 2015/16 and 2016/17 exports, imports, and
domestic use. Global ending stocks for 2016/17 are raised 400,000 tons to 107.3
million.
Read the complete report here.
Read the complete report here.
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