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
Turkey steps up talks with Russia and Ukraine on a new grain corridor
Coming Up in UkrAgroConsult Reports: Key Market Signals
Since the beginning of August, Ukraine has exported only a third of its potential ...
Collapse in grain exports and prices threatens Russia’s wheat planting
Egypt faces growing wheat supply risks amid Black Sea disruptions
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon