By Forrest Laws
Delta Farm Press
USDA’s Economic Research Service has reduced its forecast of U.S. rice exports for the 2022-2023 marketing year by 2.0 million hundredweight to 69.0 million hundredweight, the lowest since 1991-92.
The revision, which was announced during the USA Rice Outlook Conference in Austin, Texas, is expected to add to the economic woes faced by U.S. rice producers due to the ongoing low rice prices and high input costs that occurred in 2022.