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Rice Inventories Jump 24% in U.S.
WASHINGTON - Jun 30/11 - SNS -- Rough rice stocks in all positions on June 1, 2011 totaled 71.4 million hundredweight (cwt or 100 pound units), up 24 percent from the total on June 1, 2010, according to the USDA.
Stocks held on farms totaled 13.2 million cwt and off-farm stocks totaled 58.1 million cwt. Long grain varieties accounted for 77 percent of the total rough rice, medium grain accounted for 21 percent, and short grain varieties accounted for 2 percent.
Milled rice stocks in all positions totaled 5.97 million cwt, up 32 percent from a year ago. Milled rice stocks were comprised of 4.33 million cwt of whole kernel rice and 1.64 million cwt of second heads, screenings, and brewers rice.
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