WASDE Rice: Unchanged Domestic Use, Lower Exports
Published on: October 13, 2022.
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The outlook for 2022/23 U.S. rice this month is for slightly increased supplies, unchanged domestic use, lower exports, and larger ending stocks. Supplies are raised slightly as the NASS October 12 Crop Production report increased the all rice yield by 13 pounds to 7,599 pounds per acre.
Ending stocks are raised 2.3 million cwt to 33.2 million, which would still be down more than 16 percent from the prior year. The season-average farm price for all rice is unchanged at $19.40 per cwt.
The 2022/23 global rice outlook this month is for lower supplies, consumption, trade, and ending stocks. Supplies are lowered by 3.6 million tons to 689.3 million for 2022/23, primarily on decreases in production for India and Pakistan. India’s production is lowered by 2.5 million tons to 124.0 million based on the government’s first estimate of the 2022/23 Kharif crop.
Source: https://www.agfax.com/2022/10/12/wasde-rice-unchanged-domestic-use-lower-exports-2/
