Pounds Yield per Harvested Acre

Transcription

1 RICE: U.S. 2018/19 all rice supplies are raised 3.3 million cwt this month to million as higher production more than offsets lower beginning stocks. The August 24 NASS Rice Stocks report indicated lower 2017/18 ending stocks than previously forecast thereby reducing 2018/19 beginning stocks by 5.4 million cwt. In the September Crop Production report, NASS increased the 2018/19 U.S. crop by 8.6 million cwt to million on increased harvested acreage and yields. NASS incorporated FSA certified acreage data this month. The average all rice yield increased 40 pounds to 7,563 pounds per acre with forecast yields higher in California, Louisiana, and Texas. Long-grain production is raised by 5.8 million cwt and combined medium- and short-grain is increased by 2.8 million. Total projected domestic and residual usage is increased by 2.0 million cwt to million on larger supplies. The all rice export forecast is unchanged at 98.0 million as a 1-million-cwt increase in long-grain on more competitive prices is offset by an equivalent reduction in medium- and short-grain on lower expected exports to Turkey. All rice ending stocks are increased 1.3 million cwt to 44.9 million and are 53 percent higher than 2017/18. The projected 2018/19 all-rice season-average farm price is lowered $0.20 per cwt at the midpoint to a range of $11.20 to $12.20 with reductions in all rice class prices. Global 2018/19 rice supplies are increased to million tons, primarily on higher production and beginning stocks for India. World production is fractionally lower as reductions in China and Bangladesh more than offset India s increased production. Global consumption is increased by 0.6 million tons to million, led by India. World trade is raised to a record 49.5 million tons on higher India exports. Global ending stocks increase 0.8 million tons to million as higher projected stocks for India, Cote d Ivoire, and Burma more than offset reduced stocks for China.

2 U.S. Rice Supply and Use 1/ (Rough Equivalent of Rough and Milled Rice) 2016/ /18 Est. 2018/19 Proj. 2018/19 Proj. Item Aug Sep Million Acres TOTAL RICE Area Planted Area Harvested Pounds Yield per Harvested Acre Million Hundredweight Beginning Stocks 2/ Production Imports Supply, Total Domestic & Residual 3/ Exports, Total 4/ Rough Milled (rough equiv.) Use, Total Ending Stocks Avg.MillingYield (%) 5/ Avg.FarmPrice($/cwt) 6/ LONG GRAIN RICE Harvested Acres (mil.) Yield (pounds/acre) Beginning Stocks Production Supply, Total 7/ Domestic & Residual 3/ Exports 8/ Use, Total Ending Stocks Avg.FarmPrice($/cwt) 6/ MEDIUM & SHORT GRAIN RICE Harvested Acres (mil.) Yield (pounds/acre) Beginning Stocks Production Supply, Total 7/ Domestic & Residual 3/ Exports 8/ Use, Total Ending Stocks Avg. Farm Price ($/cwt) 1/ 6/ 9/ California 10/ Other States 1/ World Rice Supply and Use (Milled Basis) 1/

3 (Million Metric Tons) Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks 2016/17 World 3/ United States Total Foreign Major Exporters 4/ India Pakistan Thailand Vietnam Major Importers 5/ Brazil European Union 6/ Indonesia Nigeria Philippines Sel. Mideast 7/ Selected Other 0.00 Burma C. Amer & Carib 8/ China Egypt Japan Mexico South Korea /18 Est. World 3/ United States Total Foreign Major Exporters 4/ India Pakistan Thailand Vietnam Major Importers 5/ Brazil European Union 6/ Indonesia Nigeria Philippines Sel. Mideast 7/ Selected Other 0.00 Burma C. Amer & Carib 8/ China Egypt Japan Mexico South Korea WASDE September 2018

4 World Rice Supply and Use (Milled Basis) 1/ (Contd.) (Million Metric Tons) Supply Use Region Beginning Produc- Total 2/ Ending Stocks tion Imports Domestic Exports Stocks World 3/ United States 2018/19 Proj. Aug Sep Aug Sep Total Foreign Aug Sep Major Exporters 4/ Aug Sep India Aug Sep Pakistan Aug Sep Thailand Aug Sep Vietnam Aug Sep Major Importers 5/ Aug Sep Brazil Aug Sep European Union 6/ Aug Sep Indonesia Aug Sep Nigeria Aug Sep Philippines Aug Sep Sel. Mideast 7/ Aug Sep Burma Aug Sep

5 C. Amer & Carib 8/ Aug Sep China Aug Sep Egypt Aug Sep Japan Aug Sep Mexico Aug Sep South Korea Aug Sep WASDE September 2018