U.S. Rice Supply and Use -- May 2007

                          U.S. Rice Supply and Use 1/
                 (Rough Equivalent of Rough and Milled Rice)
===============================================================================
                            :         :         :      2007/08  Projections
        Item                : 2005/06 : 2006/07 :==============================
                            :         :   Est.  :                         May
===============================================================================
TOTAL                       :
Area                        :               Million acres
 Planted                    :   3.38       2.84                          2.64 *
 Harvested                  :   3.36       2.82                          2.63 *
Yield per harvested         :                    Pounds
   acre                     :  6,636      6,868                         6,966 *
                            :
                            :            Million hundredweight
                            :
 Beginning stocks 2/        :   37.7       43.0                          37.4
 Production                 :  223.2      193.7                         183.0
 Imports                    :   17.1       20.5                          21.0
   Supply, total            :  278.1      257.2                         241.4
 Domestic & residual 3/     :  119.3      122.8                         124.7
 Exports, total 4/          :  115.8       97.0                          93.0
  Rough                     :   34.1       34.0                          34.0
  Milled (rough equiv.)     :   81.6       63.0                          59.0
   Use, total               :  235.1      219.8                         217.7
 Ending stocks              :   43.0       37.4                          23.7
Avg. milling yield (%) 5/   :   70.2       71.0                          70.5
Avg. farm price ($/cwt) 6/  :   7.65 9.65- 9.75                   10.25-10.75
                            :
LONG GRAIN                  :
 Harvested acres (mil.)     :   2.73       2.19
 Yield (pounds/acre)        :  6,493      6,689
 Beginning stocks           :   22.7       32.7                          27.6
 Production                 :  177.5      146.2                         134.0
   Supply, total 7/         :  212.5      193.4                         176.6
 Domestic & Residual 3/     :   86.9       89.8                          89.0
 Exports 8/                 :   93.0       76.0                          71.0
   Use, total               :  179.9      165.8                         160.0
 Ending stocks              :   32.7       27.6                          16.6
                            :
                            :
MEDIUM & SHORT GRAIN        :
 Harvested acres (mil.)     :   0.63       0.64
 Yield (pounds/acre)        :  7,255      7,484
 Beginning stocks           :   13.8        9.4                           8.9
 Production                 :   45.7       47.5                          49.0
   Supply, total 7/         :   64.7       63.0                          63.9
 Domestic & Residual 3/     :   32.5       33.1                          35.7
 Exports 8/                 :   22.8       21.0                          22.0
   Use, total               :   55.2       54.1                          57.7
 Ending stocks              :    9.4        8.9                           6.2
===============================================================================
Note: Totals may not add due to rounding.  1/ Marketing year beginning August
1.    2/ Includes the following quantities of broken kernel rice (type
undetermined) not included in estimates of beginning stocks by type (in mil.
cwt):  2005/06-1.1; 2006/07-0.9; 2007/08-0.9.  3/ Residual includes unreported 
use, processing losses, and estimating errors.  Use by type may not add to
total rice use because of the difference in brokens between beginning and
ending stocks.  4/ Includes rough rice and milled rice exports.  Milled rice
exports are converted to an equivalent rough basis.  5/ Expressed as a percent,
i.e., the total quantity of whole kernel and broken rice produced divided by
the quantity of rough rice milled.  6/ Marketing-year weighted average price
received by farmers.  7/ Includes imports.  8/ Exports by type of rice are
estimated.  * Planted acres reported in March 30, 2007 "Prospective Plantings".
 Harvested acres are estimated using the average harvested-to-planted ratios by
State and rice class, 2004-2006.  Projected yield is derived from the trend
yields by rice class for the period, 1990-2006.  A slight downward adjustment
is made to the long grain trend yield due to the loss of two important
varieties because of the GMO problem in 2006-2007 (Cheniere and Clearfield
131).