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According to the Rice Outlook published by USDA, total global rice supply is 691.4 million tons [1][2]. If there is a shortage in production (of 8.7m) this year
by chrisco255 4y ago
According to the Rice Outlook published by USDA, total global rice supply is 691.4 million tons [1][2]. If there is a shortage in production (of 8.7m) this year, it will simply debit against that total. Rice is stored for long term.
As of now that 8.7m figure is simply a forecast. The weather could turn favorable for the season and there could be a surplus. No, we cannot predict the weather beyond two weeks from now.
[1] https://downloads.usda.library.cornell.edu/usda-esmis/files/dn39x152w/k356bj81c/4f16dg77j/04_2023_APRIL__RICE_OUTLOOK_REPORT_FINAL.pdf https://downloads.usda.library.cornell.edu/usda-esmis/files/...
[2] https://usda.library.cornell.edu/catalog?utf8=%E2%9C%93&locale=en&search_field=all_fields&q=rice+outlook https://usda.library.cornell.edu/catalog?utf8=%E2%9C%93&loca...