last release: July 2018
Supply & Demand
2017/18 | 2018/19 forecast | ||
|---|---|---|---|
estimate | 7 Jun | 5 Jul | |
Production | 504.6 | 511.3 | 511.4 |
Supply | 673.6 | 682.4 | 685.2 |
Utilization | 504.3 | 509.3 | 509.5 |
Trade | 47.8 | 47.4 | 47.5 |
Ending Stocks | 171.1 | 173.8 | 173.7 |
in million tonnes | |||
- Rice production forecast for 2018 essentially unchanged m/m, as a downgraded estimate for Australia offset small upward revisions for South American countries, namely Brazil.
- Utilization in 2018/19 to expand by 1.0 percent, with per capita food consumption seen posting a small y/y increase.
- Trade in 2018 and 2019 still envisaged to remain close to the 2017 all-time record, on continued strong import demand.
- Stocks (ending in 2019) little varied m/m, as slightly lower forecasts for Australia and Brazil outweigh an increase to carryover forecasts, mainly for the Philippines.