WASDE Rice: Record High U.S. Imports

The outlook for both 2019/20 and 2020/21 U.S. rice is for increased supplies, higher domestic use, and lower exports while ending stocks are reduced for 2019/20 and increased for 2020/21.

All rice supplies for 2020/21 are raised 3.5 million cwt this month based on a 4.5-million-cwt production increase and a 1.0-million-cwt import increase, which are partially offset by a 2.0-million-cwt reduction in beginning stocks.