Rice. World Markets and Trade. Mar 2015 – USDA March 11, 2015
Global production for 2014/15 is revised slightly higher from last month as larger crops for India and Sri Lanka more than offset a reduction in Thailand. Global trade is up driven by stronger demand from China, EU, and Saudi Arabia. Global consumption remains strong, and stocks are lowered. U.S. exports are up slightly.
EU rice imports set a new record in 2014, with sharp increases from Burma and Cambodia. Rice from these two countries nearly doubled from a year earlier and accounted for more than a quarter of total imports. In comparison, purchases from traditional suppliers – Thailand, Pakistan, and India – remained largely stable. Under the Everything-But-Arms arrangement, implemented in September 2009, the EU allows eligible Least Developed Countries duty-free and quota-free access for all types of rice, though only Burma and Cambodia export substantial quantities. With growing supplies, improved logistics, and preferential access, the two countries are expected to capture a significant share of the EU rice market for the foreseeable future.
TRADE CHANGES IN 2014 Based on Final Data
- Burma is boosted 113,000 tons to 1.7 million.
- India is up 101,000 tons to a record 10.9 million.
- Bangladesh is cut 150,000 tons to 700,000.
- Malaysia is down 111,000 tons to 989,000.
- Nigeria is up 200,000 tons to 3.2 million.
- Philippines is raised 100,000 tons to 1.8 million.
- South Africa is reduced 100,000 tons to 900,000.
- Sri Lanka is boosted 100,000 tons to 600,000.
SELECTED TRADE CHANGES FOR 2015
- India's exports are boosted 300,000 tons to 9.0 million on a larger crop.
- China's imports are up 200,000 tons to a record 4.5 million on improved trade prospects from neighboring countries.
- EU imports are boosted 100,000 tons to 1.5 million to reflect increasing purchases from eligible Least Developed Countries under the Everything-But-Arms arrangement.
- Malaysia's imports are lowered 100,000 tons to 1.0 million on a moderate year-to-year growth.
- Saudi Arabia's imports are up 175,000 tons to 1.5 million reflecting strong demand