For the year 2024/25, rice consumption is projected to reach a new high, with the trade outlook also showing signs of improvement. The removal of export restrictions on non-broken rice in India is anticipated to enhance its export prospects, although export prospects for Thailand are expected to decrease. The total rice stocks for 2024/25 are predicted to be lower than the October 2024 forecast, primarily due to less optimistic stock expectations in India. Despite this, global rice stocks are still on track to hit a record high.