Rice Industry Overview and Outlook

RICE | GLOBAL INDUSTRY STATISTICS PACRA · Average World Production and Consumption of rice have grown by World Rice Position ~0.6% and ~0.9%, respectively, 600 from MY16 to MY20. There have, however, been several varying 500 475 482 patterns on a YoY basis, as 468476 484492 481495 484497 495496 production and consumption grew by ~3.2% and 3.3% in MY17 and 400 then took a drop to ~0.7% and negative 0.5% in MY18. 300 . 2016 production levels for Thailand and India remained low. On the 200 trade front, Nigeria - one of the 135 142 150 164 177 177 largest importers, reduced its 100 imports, impacting the global trade pattern as well. 0 . Global stocks are dominated by MY15 MY16 MY17 MY18 MY19 MY20 China and India. Total stocks as a % of world production stand around 30% -35%. I World Consumption (mln MTs) World Production (mln MTs) World Closing Stocks (mln MTs) Source: USDA, MY: Marketing Year, Rice: 'Milled Rice.' Data is based on Local Marketing years for each country. For Pakistan, MY period is from Nov-Oct. 2

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