U.S. rice market outlook for 2025 unclear

Published 2024년 12월 13일

Tridge summary

The global rice market is finding stability as we approach the Christmas season, with record export sales figures despite a forecasted decline in global rice production due to typhoons in the Philippines and Nepal. These production losses are balanced by increasing exports from Cambodia, Vietnam, and Thailand, which are challenging India's export supplies. In Haiti, the United States has seen a decrease in market share from 95% in 2019 to 71% year-to-date in 2024 due to competition from Pakistan, despite efforts to maintain market share. However, rice shipments to Mexico remain strong.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(By Dwight Roberts, USRPA) The market continues to find stability as we approach the Christmas season. Last week offered record export sales figures, which was welcome news for all segments of the industry. Prices and cash activity continue to move sideways as market psychology appears to be on autopilot until the new year. A recent USDA Grain: World Markets and Trade report shows that global rice production is forecast to decline due to reductions in the Philippines (typhoons) and Nepal. These losses more than offset Brazil's outsized harvest, and growing exports from Cambodia, Vietnam and Thailand continue to challenge India's new exportable supplies. Global consumption and stocks are forecast to fall somewhat. Since November's WASDE, and frankly since India entered the market in October, the chart shows a steady decline in prices for Pakistan, Thailand and Vietnam. The US and Uruguay have remained isolated, but cheap rice from Pakistan is starting to break through to the ...

Source: Planetaarroz