USDA projects record rough-rice crop

17.05.2010 15:19 "Agro Perspectiva" (Kyiv) — The 2010–11 U.S. rice crop is projected at 244 million cwt (rough-basis), 11% more than a year earlier and the highest on record, according to the May 12 Rice Outlook report from the U. S. Department of Agriculture’s Economic Research Service. The larger crop is the result of both expanded plantings and a higher projected yield. Through May 9, the progress of the 2010 crop was ahead of normal in all states except California, where planting has been delayed by rain. Total supplies in 2010–11 are projected at a record 296.4 million cwt, up 9% from a year earlier. At 30.4 million cwt, carryin is virtually unchanged from a year earlier. Imports are projected at 22 million cwt, up 5% from last year. Total use of U.S. rice in 2010–11 is projected at a record 245 million cwt, nearly 2% above a year earlier. At 138 million cwt, total domestic use is projected to increase more than 1% from a year earlier and is the highest on record. U.S. exports are projected at 107 million cwt, up 2% from 2009–10. Ending stocks are projected at 51.4 million cwt, up 69% from this year and the highest since 1985–86. The 2010–11 season-average farm price (SAFP) for U.S. long-grain rice is projected at $10-$11 per cwt, down from a revised $12.90-$13.10 this year. The combined medium-/short-grain season-average price is projected at $14.50-$15.50 per cwt, also down from the revised 2009–10 SAFP of $17.65-$17.85.

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