last release: December 2018
Supply & Demand
2017/18 | 2018/19 | ||
|---|---|---|---|
estimate | 1 Nov | 6 Dec | |
Production | 506.3 | 513.0 | 512.9 |
Supply | 674.3 | 685.0 | 685.0 |
Utilization | 503.8 | 509.2 | 508.8 |
Trade | 47.9 | 47.3 | 47.2 |
Ending Stocks | 172.1 | 176.6 | 176.7 |
in million tonnes | |||
- Rice production in 2018 only fractionally changed m/m, as a reduction for Madagascar is largely outweighed by improved prospects for a few Latin American countries.
- Utilization forecast for 2018/19 trimmed, reflecting less buoyant use prospects for Brazil and African countries, namely Nigeria.
- Trade in 2019 forecast to edge down by 1.4 percent y/y, as lower imports by Bangladesh, China and Indonesia more than offset larger purchases by Egypt, Nigeria and the Philippines
- Stocks (2018/19 carry-out) still seen expanding by 2.7 percent to an all-time high.