S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
S&P Global Offerings
Featured Topics
Featured Products
Events
Solutions
Capabilities
Delivery Platforms
News & Research
Our Methodology
Methodology & Participation
Reference Tools
Featured Events
S&P Global
S&P Global Offerings
S&P Global
Research & Insights
Solutions
Capabilities
Delivery Platforms
News & Research
Our Methodology
Methodology & Participation
Reference Tools
Featured Events
S&P Global
S&P Global Offerings
S&P Global
Research & Insights
S&P Global Offerings
Featured Topics
Featured Products
Events
Support
12 Aug 2020 | 16:41 UTC — London
Highlights
USDA cuts forecast 2.1 mil mt to 500 mil mt
Forecast cut on China, Thailand, Vietnam
London — The US Department of Agriculture Aug. 12 lowered its forecast for 2020-21 global milled rice production by 2.1 million mt to 500 million mt.
In its latest World Agricultural Supply and Demand Estimates report, the USDA attributed the cut to reduced output prospects in China, Thailand and Vietnam.
Despite the lower forecast, this would still be a record high. While the forecast for global consumption has also been cut due to lower consumption forecasts for China, Brazil and Nigeria, it is still forecast at a record high 497 million mt.
Although the forecast for trade is lowered to 44.3 million mt due to reduced prospects for Thai and Chinese exports, this is a 6.8% year-on-year increase.
Ending stocks are forecast at a record 185 million mt, of which 63% are expected to consist of Chinese stocks and 21% of Indian stocks.
Gain access to exclusive research, events and more