WASHINGTON, DC -- U.S. 2015/16 rice supplies are lowered 500,000 cwt on lower long-grain imports. Long-grain ending stocks are lowered 500,000 cwt to 22.5 million. All rice ending stocks are now 43.4 million cwt. The all rice and long-grain season-average prices are each lowered $0.30 per cwt at the midpoint to $12.30 to $12.70 and $10.80 to $11.20, respectively. Medium- and short-grain prices are also down with the California price lowered $0.50 per cwt at the midpoint and the Other States price lowered $0.20 per cwt at the midpoint.
Global rice supplies for 2015/16 are lowered 500,000 tons, primarily on reduced production. Brazil and Pakistan production are lowered 300,000 tons and 200,000 tons, respectively, both on updated government statistics. Global trade and domestic use projections are both lowered fractionally. Global ending stocks are lowered 300,000 tons to 90.2 million.
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