WORLD RICE SITUATION AND OUTLOOK
Global rice trade in 2000 is forecast to drop as weaker Asian imports more than offset greater imports by the Middle East and Latin America. U.S. exports are expected to increase more than 13 percent as a result of record supplies and lower prices. Global prices, which declined in 1999, will be further pressured by large supplies in nearly all exporting countries. Global production, consumption and ending stocks are all projected to climb to record levels in 1999/2000, largely due to increases in China, the worlds largest producer, although bumper harvests in 1999/2000 are also projected for Thailand, Vietnam, Indonesia, Burma, Bangladesh, India, and the Philippines.
Export prices in Thailand and Vietnam have eased for higher quality rice, lagging harvest pressures. Little expectation of price strength remains throughout the year due to weak international demand and expected bumper harvests in many Asian countries in early 2000. U.S. rice export prices have remained unchanged since early January and are at near decade lows.
2000 Trade Changes
1999 Trade Changes
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