Forrest Laws
October 3, 2018
5 Min Read
U.S. exporters are expected to ship more milled and rough rice in 2018-19, according to analysts with USDA’s Economic Research Service. Exports of long-grain and medium- and short-grain rice are both forecast to rise about 13 percent.
That’s the good news. The not-so-good news is that despite the higher sales, all-rice ending stocks are expected to be up 53 percent and long-grain ending stocks 54 percent. Prices of all classes of U.S. rice are expected to decline.