U.S. rice growers indicated slightly higher plantings in 2008
The 2007/08 U.S. season-average farm price is the highest since 1980/81
U.S. monthly cash prices have nearly doubled since August 2005
Total U.S. rice supplies in 2007/08 are virtually unchanged from a year ago
Exports account for all of the projected increase in total use in 2007/08
Both rough- and milled-rice exports are projected to be larger in 2007/08 1/
Both long- and medium/short-grain exports are projected to be larger in 2007/08 1/
U.S. ending stocks are projected to decline 45 percent in 2007/08
Global ending stocks have dropped sharply since 2000/01
Global rice trade in 2008 is projected to decline 9 percent
India, Vietnam, China, and Thailand are projected to export less rice in 2008
Indonesia, Nigeria, and Senegal are projected to import less rice in 2008
Global trading prices are the highest on record
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