Market Outlook

See the latest Rice Outlook report.

Import forecasts for 2025 for the Philippines and Vietnam Raised to Record Highs

In the 2024/25 global rice market, production is projected at a record high of 533.7 million tons (milled basis), down 129,000 tons from the previous forecast but 11.0 million tons larger than a year earlier. This month, production forecasts were lowered for Australia, Costa Rica, the European Union, Honduras, Nepal, Panama, the Philippines, and South Korea, but raised for Argentina, Brazil, and Taiwan. Total global rice supplies in 2024/25 are projected at a record 712.8 million tons, down 313,000 tons from the previous forecast, but 9.5 million tons larger than a year earlier. Global domestic and residual use in 2024/25 is projected at a record 530.3 million tons, 135,000 tons below the previous forecast but 6.2 million tons larger than a year earlier. Global ending stocks in 2024/25 are projected at 182.5 million tons, down 178,000 tons from the previous forecast but 3.4 million tons above a year earlier.