World rice production to decline slightly in 2023/24 – IGS

The International Grains Council forecasts that due to a decline in the number of key exporters, world rice production in 2023/24 is expected to decline slightly year-on-year, and total consumption and stocks are also expected to decline.
World rice production is projected to resume an upward trend in 2024/25, driven mainly by growth prospects in the five major sectors, to reach a record 520 million tons (+2%), with consumption and stocks also expected to increase. However, as Indian restrictions are expected to remain in place, the potential for trade expansion in 2025 (Jan/Dec) is limited at around 50 million tons, unchanged year-on-year.
Read also
Grain & Oilseed Quality 2025: From Weather Risk to Margin
Soybean oil quotes fall, but stable palm oil prices and high sunflower oil prices ...
EU will hold a public consultation on simplifying food and feed safety regulations.
Ukrainian corn this season is unlikely to be wasted on the Chinese market
German rapeseed oil exports are declining
Write to us
Our manager will contact you soon