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Global 2024/25 Rice Production Forecast Raised 3.1 Million Metric Tons to a Record 535.8 Million
The 2024/25 global rice production forecast is raised 3.1 million tons, to a record 535.8 million (milled basis), nearly 3 percent larger than a year earlier. India accounts for the bulk of the upward revision, followed by Indonesia, Cambodia, Brazil, Taiwan, and Venezuela. Global domestic and residual use is raised 1.4 million tons to a record 532.1 million tons, mostly driven by increases for several Sub-Saharan countries. Global ending stocks in 2024/25 are increased 1.7 million tons from the previous forecast to 183.2 million. The ending stocks revisions are concentrated in Southeast Asia. The 2025 calendar year global rice trade forecast is raised 2 percent to a near-record 59.7 million, mostly due to stronger exports from India. Price quotes from India and Thailand continued to decline over the past month, while quotes from Vietnam and Pakistan rose slightly. Price quotes for U.S. long grain rose, while South American quotes dropped.