last release: July 2017
Supply & Demand
2016/17 | 2017/18 forecast | ||
|---|---|---|---|
estimate | 8 June | 6 July | |
Production | 499.3 | 502.6 | 502.9 |
Supply | 670.9 | 673.6 | 673.6 |
Utilization | 499.7 | 505.7 | 505.6 |
Trade | 44.2 | 44.2 | 44.4 |
Ending Stocks | 170.7 | 170.5 | 171.0 |
in million tonnes | |||
- Rice production forecast upgraded slightly, as more buoyant prospects for Brazil, Pakistan and Myanmar are outweighed by reductions for the US and Vietnam.
- Utilization still forecast to grow by 1.2 percent y/y, with food use set to expand by a similar margin.
- Trade in calendar 2018 little varied m/m, as upward adjustments to exports by China, India and Myanmar offset reductions for Thailand and Pakistan.
- Stocks (ending in 2018) raised somewhat, on upward revisions to carryovers in Bangladesh, Myanmar and the Philippines. Conversely, major exporters’ inventories downscaled.