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AMIS Market Monitor

last release: December 2020

Supply & Demand

2019/20

2020/21 

estimate

5 Nov

3 Dec

Production

500.7

508.7

508.4

Supply

685.8

691.1

690.2

Utilization

502.7

510.3

510.3

Trade

44.5

47.2

47.6

Ending Stocks

181.8

182.0

181.0

in million tonnes

  • Rice production in 2020 marginally lower m/m on reduced prospects for Bangladesh and Viet Nam.
  • Utilization in 2020/21 still anticipated to rise by 1.5 percent; overall a food intake expansion to an all-time record is set to drive the season’s growth.
  • Trade in 2021 (January-December) raised slightly m/m, as an upward correction to exports from India outweighs downgrades to projected shipments by China, Thailand and Viet Nam.
  • Stocks (2020/21 carry-out) downscaled, namely on less buoyant expectations for reserves held by India, the Philippines and Viet Nam; but stock forecasts were raised for China and Thailand.