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AMIS Market Monitor

last release: Nov 2017

Supply & Demand

2016/17

2017/18 forecast

estimate

5 Oct

2 Nov

Production

501.0

500.7 

500.8 

Supply

667.4 

669.3 

669.3 

Utilization

497.8 

502.9 

503.2 

Trade

45.0 

45.2 

45.4 

Ending Stocks

168.5 

169.5 

169.2 

in million tonnes

  • Rice production forecast fractionally changed, as an upward adjustment for Pakistan is largely outweighed by reductions for the Republic of Korea and Japan.
  • Utilization in 2017/18 still forecast to grow by 1.1 percent from last season, sustaining a marginal increase in global per capita food use to 53.8 kilos.
  • Trade in 2018 still pointing to a modest expansion, with import growth expected to concentrate in Asia.
  • Stocks (ending in 2018) downgraded somewhat, mostly on lower expected carryovers in the Republic of Korea.