world rice productionAccording to the recent reports that in one of its October World Agricultural Demand and Supply Estimates (WASDE) indicates that as per USDA estimates that U.S. 2015-16, all rice production (milled basis) at around 8.52 million tons, down from last month’s estimate of 8.6 million tons and down from last year’s estimated 10.02 million tons which is due to an expected reduction in yield. Further, long-grain rice production is estimated at around 5.91 million tons, down from last month’s estimate of 5.96 million tons; and short and medium grain production is estimated at around 2.61 million tons, down from last month’s estimate of 2.63 million tons.

In the report it has also been indicated that an average yield is estimated at around 8.27 tons per hectare down from last month’s estimates of 8.41 tons per hectare and down from last year’s 8.52 tons per hectare. According to the USDA estimates, the U.S. all rice supplies at around 11.88 million tons, down from its last month’s forecast of 11.95 million tons and down from 12.56 million tons in 2014-15 due to expected lower production. The U.S. long-grain rice supply estimates are lowered to 8.11 million tons, and the U.S. short and medium grain rice supply estimates are lowered to 3.68 million tons, from last month.

In addition, it also estimates that 2015-16 U.S. all rice ending stocks at around 1.81 million tons down from last month’s forecast of 1.88 million tons and which is down from last year’s 1.95 million tons. The U.S. long grain ending stocks are lowered to around 990,000 tons from last month’s estimate of 1.04 million tons, and combined medium and short grain ending stocks are lowered to 730,000 tons from around 760,000 tons last month.

Further, in this context, it has also been indicated that an average farm prices of all rice and long-grain rice are unchanged, but those ofshanti rice combined medium and short grain rice have been raised to around $381.40 – $403.44 per ton.

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