USA: USDA offers plenty of rice market information
Rice
United States
Published Jul 4, 2022
Tridge summary
June 30 finally arrived and the USDA had plenty for the rice market to digest. Thursday’s lineup of reporting included Export Sales, Acreage, Rice Stocks and Agricultural Prices. We’ll try to touch on each report in brief. Export Sales (week ending June 23): Focusing on long-grain, milled sales and shipments were both above the prior week. Shipments totaled 18,454 tons with the majority going to Haiti (15,136). Canada was in for 1,964 tons.
Original content
June 30 finally arrived and the USDA had plenty for the rice market to digest. Thursday’s lineup of reporting included Export Sales, Acreage, Rice Stocks and Agricultural Prices. We’ll try to touch on each report in brief. Export Sales (week ending June 23): Focusing on long-grain, milled sales and shipments were both above the prior week. Shipments totaled 18,454 tons with the majority going to Haiti (15,136). Canada was in for 1,964 tons. Over 90% of the sales last week were to three markets: Jordan (4,001 tons), Saudi Arabia (1,949) and Canada (1,035). Compared to last year, long-grain milled sales are the bright spot, running 25% ahead. However, rough rice sales continue to disappoint. Time is running short in the 21/22 marketing year with just 5 reporting weeks left. Total long-grain export sales are currently running 11% behind last year. This is a major concern and one that points to further downward adjustments in old crop exports. Acreage: The tables below ...
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