TheCropSite.com- news, features, articles and disease information for the crop industry

USDA Grains: World Markets and Trade


14 September 2015

USDA Grains: World Markets and Trade - 14 September 2015USDA Grains: World Markets and Trade - 14 September 2015


USDA Grains: World Markets and Trade Reports

Global Rice Consumption Outpaces Production

Global rice production is expected to fall for the first time since 2009/10 due to flooding, drought, and extreme heat in several major producing countries. Combined carryin stocks held by top exporters-- India, Pakistan, Thailand, the United States, and Vietnam--are the smallest in 4 years, contributing to reduced global supplies. In contrast, consumption continues to expand in line with population growth.

These market fundamentals would normally signal strong prices. However, prices in major exporting countries continue to decline (see page 9), influenced by financial developments and policies. The Thai Baht has depreciated nearly 10 percent against the dollar since January. Thai 100B is now priced around $370 per ton compared to $450 a year ago. Vietnam has repeatedly lowered the minimum export price in an effort to stimulate import demand. Furthermore, large importing countries, particularly Indonesia and the Philippines, pursue self-sufficiency policies, which limit import demand. This month’s reductions in production forecast for Indonesia and the Philippines have only had a small impact on trade.

DOWNLOAD REPORT:- Download this report here

Share This


Related Reports

Reports By Country

Reports By Category

Our Sponsors