Rice Market Update: September 2022

By Michael Deliberto, Ph.D.

LSU AgCenter

In the latest USDA supply and demand report released last week, forecasts for 2022/23 U.S. rice production were lowered 10.9 million (M) hundredweight (cwt) to 165.1 M cwt based on reduced harvested area and lower per acre yield estimates. Overall, U.S. all-rice production is 14% below a year earlier and the smallest crop since 1993/94.