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AMIS Market Monitor

last release: July 2022

Supply & Demand

2021/22

2022/23

estimate

2 Jun

7 Jul

Production

522.5

519.5

520.5

Supply

714.2

711.8

713.2

Utilization

522.0

522.0

523.1

Trade

53.4

53.9

54.2

Ending Stocks

192.7

191.6

191.7

in million tonnes

  • Rice production in 2022 raised, mostly reflecting upward revisions to Indian production in 2021 and 2022. By contrast, 2022 prospects were downgraded namely for Viet Nam.
  • Utilization in 2022/23 forecast to exceed its year-earlier record by 1.1 million tonnes, with global per caput food use seen largely steady y/y and still above pre-pandemic levels.
  • Trade in 2022 and 2023 marginally changed m/m, with India predicted to remain the world's largest exporter in both years, accounting for nearly 40 percent of all volumes shipped across the globe.
  • Stocks (2022/23 carry-out) still seen at their second highest on record, as slight downward adjustments to carry-outs in Cambodia and Viet Nam are compensated by an upgrade to Indian reserves.