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.