USDA projects lower world rice harvest 23/24

For the 2023/24 harvest, it is expected that the global rice harvest would close at 517.80 million tons, a decrease of 0.07%, compared to the USDA report from October that estimated 518.14 million tons. tons. The USDA estimates US rice production of 6.98 million tons, while the foreign market would produce 510.82 million tons. Compared to the 22/23 campaign, an increase of 4.44 million tons of rice (1%) is estimated, since ...