News

USDA: World rice supply and demand reached a record high in the crop year 2021-2022

Rice
Published Jan 31, 2022

Tridge summary

According to a January 2022 report by the US Department of Agriculture (USDA), global rice production in the 2021-2022 crop year is forecast to reach a record 509.9 million tons (milled), down 0.9 million tons compared to with the previous forecast but increased by more than 2.6 million tons compared to the 2020-2021 crop year. Compared to the previous crop year, Australia, Bangladesh, Cambodia, China, Ivory Coast, India, Indonesia, Laos, Nigeria, Paraguay, Senegal, South Korea, Tanzania and Thailand are expected to account for most of the increase in production. global rice in the 2021-2022 crop year.

Original content

The largest increases are forecast in Australia, Bangladesh, China, India and Thailand. In particular, India's rice production in the 2021-2022 crop is forecast to reach 125 million tons, up 2.7 million tons compared to the previous crop year and will be the sixth consecutive year of record high output. Similarly, China's rice production in the 2021-2022 crop is forecast to reach a record of nearly 149 million tons, up 0.7 million tons from the previous crop year. China and India are the two largest rice producing countries in the world and account for more than half of the annual global rice production. In contrast, output is expected to decline in Colombia, Egypt, EU, Guyana, Iran, Iraq, Kazakhstan, Madagascar, Mali, Philippines, Russia, Sri Lanka, Turkey, USA, Uruguay and Vietnam. In particular, the US and Egypt are expected to record the largest decrease in output. Global rice consumption in the 2021-2022 crop year is forecast by USDA to reach a record 510.3 million tons, down ...
Source: Vietnambiz
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.