USDA lowers 2017-18 global rice supply forecast

22.11.2017

USDA estimates India rice production for 2017/18 at 10.75 Cr metric tons (milled), down about 2% from last year’s record crop.

The US Department of Agriculture (USDA) has lowered its estimate for global Rice supplies for the year 2017-18 to 61.93 Cr tons, primarily on a smaller crop projected for India.

USDA estimates India rice production for 2017/18 at 10.75 Cr metric tons (milled), down about 2% from last year’s record crop.

The decrease was mainly due to a drop in harvested area. Harvested area is estimated at 4.27 Cr hectares, down 4% from last month but up 1% from last year. Rough yield is estimated at 3.78 kilograms per hectare, down 1% from the previous year.

World Rice consumption is estimated to down fractionally to 48.04 Cr tons in 2017-18.

Global 2017-18 trade is raised to 4.49 Cr tons on higher exports by Thailand, Vietnam, Burma, and China more than offsetting reductions for India, Pakistan, and the United States.

Trade is still below the 2016-17 record of 4.53 Cr tons, USDA said.

World ending stocks are lowered this month to 13.89 Cr tons for 2017-18, still higher than last year and at the highest level since 2000-01.


indiainfoline

Readers choice: TOP-5 articles of the month by UkrAgroConsult