• The Rice Market Anomaly That Is China

    Oct 28, 2016
    According to data from the U.S. Department of Agriculture (USDA), global rice production declined by 6.65 million tons in 2015/16, which USDA reports led to reduced consumption of rice in animal feeds and to some extent in food, particularly in India and Thailand. That situation was reversed in the latest USDA forecast with production forecasted to rebound by 11.17 million tons in 2016/17 to a new record of 482.26 million tons. Ending stocks are forecasted to rise 5.1 million tons to 120.7 million tons or a little more than 25 percent of consumption.
    Full story