AMIS > Market monitor > Rice

Download latest report

AMIS Market Monitor

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.