Rice Outlook: US Production Forecast Lowered 1%
By USDA
There were several revisions this month to both the 2019/20 and 2020/21 U.S. rice balance sheets. For 2020/21, the production forecast was lowered 1 percent to 218.1 million hundredweight (cwt), a result of a slightly lower yield. Production is up 18 percent from 2019/20.
Imports were raised 1.4 million cwt to 36.0 million cwt, and, if realized, would be the second highest on record. The 2020/21 export forecast was lowered 1.0 million cwt to 97.0 million cwt due to expectations of continued strong competition from South American suppliers.