USDA Economic Research Service ag economist Nathan Childs will examine the U.S. and global outlook for 2019/20 rice markets based on the May 10 World Ag Supply and Demand Estimates report during a free webinar on May 30 at 10 a.m.
Total U.S. rice supplies are projected to be up more than 6 percent as a result of an extremely large carryover which will more than offset a smaller crop. “U.S. prices are expected to face downward pressure throughout 2019/20 due to the supply build-up and near-record global production,” says Childs. “U.S. exports are expected to increase during that same period as a result of larger supplies and lower prices.”
Globally, rice production is projected to drop slightly from the 2018/19 record mostly due to smaller crops in China and India. India and the U.S. account for most of the expected export growth in 2020. Ending global rice stocks in 2019/20 are projected to reach a record high.
To register for the webinar, click on this link: https://uaex.zoom.us/webinar/register/WN_mRWWTa-KT3qfdMlQOHkvZg