WORLD RICE SITUATION AND OUTLOOK
Global rice trade in 2000 is forecast to fall for the second consecutive year. Despite this decline, however, U.S. exports are expected to increase as a upshot of record supplies and lower prices. Global prices 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.
U.S. rice export prices have softened over the past month and remain at near decade lows. Asian prices have followed the same trend as export business was difficult to attract during the first quarter of the year. Little expectation of price strength remains for the balance of the year due to weak international demand and expected bumper harvests in many Asian countries.
2000 Trade Changes
1999 Trade Changes
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