last release: 8 November 2024
Supply & Demand
2023/24 | 2024/25 | ||
|---|---|---|---|
estimate | 4 Oct | 8 Nov | |
Production | 534.7 | 539.2 | 538.9 |
Supply | 728.8 | 738.2 | 738.3 |
Utilization | 526.5 | 535.6 | 535.8 |
Trade | 51.8 | 54.3 | 54.9 |
Ending Stocks | 199.4 | 206.0 | 205.4 |
in million tonnes | |||
- Rice production forecast trimmed, as downward revisions namely for Bangladesh, Mali and Nepal are partly compensated by upgrades most notably for Egypt, Nigeria and Thailand.
- Utilization in 2024/25 raised marginally m/m and still seen expanding to a fresh peak.
- Trade in 2025 upgraded, with the removal of export restrictions on non-broken rice in India boosting export prospects for the country, while the export outlook deteriorates most notably for Thailand.
- Stocks (2024/25 carry-outs) reduced somewhat, primarily on less buoyant reserve expectations for India. Nonetheless, global stockpiles still seen expanding to all-time highs.