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Rice Stocks Down 10%
WASHINGTON - Mar 31/03 - SNS -- Available supplies of rough rice dropped 10% below year earlier levels as of March 1, according to the latest USDA stocks in all positions estimate.
Supplies totaled 103 million hundredweight (cwt), down 10% from the total on March 1, 2002. Stocks held on farms totaled 27.5 million cwt, and off-farm stocks totaled 75.1 million cwt.
Long grain varieties accounted for 74% of the total rough rice, medium grain accounted for 25%, and short grain varieties accounted for 1%.
Milled rice stocks in all positions totaled 6.63 million cwt, 38% above the comparable figure a year ago. Milled rice stocks were comprised of 5.07 million cwt of whole kernel rice and 1.56 million cwt of second heads, screenings, and brewers rice.
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