Tridge summary
The text discusses the current state of the rice market in the Western Hemisphere, including prices and production numbers. It also mentions the upcoming factors that may impact rice plantings, such as the price of soybeans and weather conditions. Additionally, it provides an overview of the rice market in Asia, as well as future market predictions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
(By Dwight Roberts) It’s a new year with new opportunities. As factories and producers regain clarity from the holiday haze, everyone is greeted with memories of a firm market in the Western Hemisphere. Spot prices remain strong when available, with Texas reporting $18/cwt, Louisiana $17.28-$18/cwt and Mississippi, Arkansas and Missouri between $16.75-$17.25. The holiday slowdown is typical and activity is expected to resurface soon as inventory and sales return to balance. Looking back at last year, it's no surprise that Mexico was our largest market by a significant margin. Haiti followed and then Iraq. Japan was the fourth largest export market for medium grain rice through the WTO agreement. When looking at this year's production numbers, it is great to see a return to a more normal acreage across the complex. Arkansas planted 1.4 million acres, producing more than 106 million cwt; California came back strong with 502,000 acres yielding nearly 45.5 million cwt; Louisiana ...
Source: Planetaarroz
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