USDA increases 2019-20 world Rice production forecast to 497.86 MT

USDA increases 2019-20 world Rice production forecast to 497.86 MT

by admin- Tuesday, August 13th, 2019 06:49:09 PM

The United States Department of Agriculture (USDA) has raised its forecast for 2019-20 international rice production by 40000 tonnes to 497.86 million tonnes as will increase for Iraq and Vietnam greater than offset discounts for Thailand, the US, and the EU.

Worsening drought conditions in Thailand are expected to reduce rice manufacturing by means of 0.Four million tonnes to twenty.Five million, the report said.

World 2019/20 intake is reduced to 494.5 million tonnes, specially on decreased expected use in China for rice feeding and less availability of rice from home auctions of shares.

Global 2019/20 change is lowered zero.3 million tonnes to forty six.6 million, largely on decreased exports via Thailand as its exports are predicted to be less competitive as compared to other Asian suppliers.

Projected global ending shares are up 2.Zero million tonnes to a document 174.7 million with China accounting for sincerely all the growth. China now contains sixty eight percent of 2019/20 worldwide rice stocks.

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