Average yield is estimated at 6,725 pounds per acre, up 56 pounds per acre from last month, but a decline of 360 pounds per acre from the previous year. Harvested area is estimated at 3.615 million acres, down 8,000 acres from the previous estimate. Long-grain rice production is estimated at a record 183.3 million cwt, up 1.8 million from last month, and combined medium- and short-grain production fractionally decreased to 59.8 million. All rice imports for 2010/11 decreased 1.5 million cwt to 18 million with the decline in long-grain. The pace of imports based on U.S. Census Bureau data through October is lagging, principally due to reductions from Thailand and India.
The National Agricultural Statistics Service's (NASS) Rice Stocks reported total rough rice stocks at 172.9 million cwt as of Dec. 1 and total milled stocks at 6.3 million (9.3 million cwt on a rough-equivalent basis). Total rice stocks on a rough-equivalent basis are 182.2 million, up 11 percent from a year earlier. Long-grain stocks as of Dec. 1 are estimated at 126.9 million (rough-equivalent basis) and combined medium- and short-grain stocks at 52.7 million.
Domestic and residual use for 2010/11 is unchanged at a record 129 million cwt. However, long-grain domestic and residual use increased two million cwt to a record 101 million, while domestic and residual use of combined medium- and short-grain decreased the same amount to 28 million. Some substitution of lower-priced long-grain rice for higher-priced medium-grain rice in domestic use is projected to continue. Read more...
This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.
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