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U.S. 2024/25 Rice Export Forecast Lowered 4.0 Million Hundredweight to 96.0 Million
On the 2024/25 U.S. supply side, imports are raised 0.5 million hundredweight (cwt) to a record 47.0 million, raising total supplies to a record 309.0 million. On the 2024/25 use side, total exports are reduced 4.0 million cwt to 96.0 million, with long-grain accounting for all of the reduction by class and rough rice accounting for all of the reduction by type. Total domestic and residual use is raised 1.0 million cwt to a record 166.0 million, with long-grain accounting for all of the increase. These supply and use revisions result in a 3.5-million cwt increase in the 2024/25 ending stocks forecast to 47.0 million, the highest since 2014/15.