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World Rice Supplies Growing
WASHINGTON - Apr 10/06 - SNS -- World production, trade, and ending stocks for 2005-06 are raised from a month ago, according to the latest report from the USDA's World Agricultural Outlook Board.
Global production is projected at a record 411.0 million metric tons (MT), 1.3 million MT above a month ago. The increase in production is due primarily to larger crops projected for India, Indonesia, Cambodia, and Thailand, which is partially offset by reductions for Sri Lanka and Egypt.
Exports are raised for India, Thailand, and Cambodia. Imports are raised for Vietnam (mostly from Cambodia), Iran, Canada, and a number of smaller markets. Indonesia's imports are lowered from a month ago.
Global ending stocks are projected at 67.4 million MT, up 1.7 million MT from last month, but down 7.2 million MT from 2004-05. Ending stocks are raised from a month ago for Indonesia, India, Vietnam, and Iran. World rice stocks are the lowest since 1982-83, and the lowest stocks-to-use ratio since 1974-75.
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