last release: October 2020
Supply & Demand
2019/20 | 2020/21 | ||
|---|---|---|---|
estimate | 3 Sep | 8 Oct | |
Production | 501.3 | 509.2 | 509.1 |
Supply | 685.9 | 692.3 | 691.4 |
Utilization | 502.8 | 511.0 | 510.5 |
Trade | 44.0 | 47.1 | 47.1 |
Ending Stocks | 182.4 | 181.2 | 182.0 |
in million tonnes | |||
- Rice production in 2020 unchanged m/m, as an upward revision for India, in particular, is offset by various downgrades, the most significant of which concerning Thailand.
- Utilization in 2020/21 still seen expanding by 1.5 percent y/y to a fresh peak, despite a slight downward revision largely attributable to lower anticipated uses in Indonesia.
- Trade in 2021 unchanged m/m, as downscaled export prospects for Pakistan, Thailand and Viet Nam are compensated by an upgrade to Indian shipments to a record high.
- Stocks (2020/21 carry-out) lifted somewhat on higher anticipated carry-overs in the major exporters (India, in particular); as a result, closing stocks are now seen essentially on par with their opening levels.