Small Decline in World Rice Supply

Global 2005-06 rice production is lowered 0.9 million metric tons (MT) to 404.71 million, with China, Brazil, United States, and Vietnam accounting for most of the decline, according to the USDA's World Agricultural Outlook Board.

In contrast, 2005-06 production forecasts for India, Cuba, Madagascar, and Egypt are raised. Ending stocks are lowered 1.3 million MT to 64.3 million MT, 8.9 million MT below 2004-05 and the smallest since 1982-83. China accounts for most of this month's reduction in 2005-06 global ending stocks. Global consumption was raised fractionally.

U.S. rice production in 2005-06 is forecast at 223.2 million cwt (100 pound units), 5.1 million cwt below last month but still the second largest on record. Harvested area remains projected at 3.34 million acres, up less than 1% from a year earlier.


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