Market Outlook

Rice Outlook, May 2020 (summary)

U.S. 2020/21 Rice Production Projected at
216.2 Million Hundredweight

The 2020/21 U.S. rice crop is forecast at 216.2 million cwt (hundredweight), up 17 percent from a year earlier, mostly due to a strong recovery in area. Imports are projected at another record, and total supplies are projected to be up 7 percent from 2019/20. Domestic and residual use is projected to be stronger in 2020/21, as are exports, boosting total use 3 percent. Ending stocks are projected to increase 37 percent to 41.8 million cwt, yielding a more normal 17.6-percent stocks-to-use ratio. The long-grain season-average farm price (SAFP) is projected to decline in 2020/21, while medium- and short-grain SAFPs are projected unchanged from 2019/20. Global production and consumption are projected to be record high, with ending stocks rising to a 14th consecutive high. Global trade is projected to increase 5 percent in 2021, as export restrictions and limitations are expected to be removed. India is projected to be the largest exporter and the Philippines the largest importer.

Bar chart showing U.S. Rice Production in 2020 Is Projected to Increase 17 Percent

 

See the May Rice Outlook report and previous reports.

Last updated: Friday, May 22, 2020

For more information, contact: Nathan Childs