last release: 7 March 2024
Supply & Demand
2022/23 | 2023/24 | ||
---|---|---|---|
estimate | 1 Feb | 7 Mar | |
Production | 524.0 | 524.6 | 526.2 |
Supply | 720.7 | 721.3 | 722.5 |
Utilization | 524.9 | 522.2 | 523.7 |
Trade | 52.8 | 51.5 | 51.4 |
Ending Stocks | 196.3 | 198.8 | 198.7 |
in million tonnes |
- Rice production in 2022/23 and 2023/24 raised following revisions to India’s output figures, which overshadowed some minor downward adjustments, namely for Colombia and Myanmar.
- Utilization in 2023/24 upgraded largely on account of India, but still seen registering little to negative growth for the second consecutive season.
- Trade in 2024 essentially unchanged m/m, as somewhat less buoyant export expectations, namely for Thailand, are compensated by upgrades, chiefly to Vietnamese shipments.
- Stocks (2023/24 carry-out) still seen rising to a record high, but with accumulations occurring in exporting countries (mostly India), while aggregate reserves held by importers fall for the third successive season.