The FAO forecasts an increase in global rice consumption in the 2024/25 marketing year, reaching the highest level due to increased demand for both food and non-food uses. Despite this, rice trade is expected to see a second consecutive decline in 2024, with a potential recovery of 4.1% in 2025, led by increased imports in Near East Asian and African countries. Rice stocks for 2024/25 are projected to rise, attributed to price adjustments in India that offset decreases in other countries like Madagascar, Myanmar, and Thailand.