Weekly Rice Update
Informa has made some adjustments to its 2011/12 US all rice supply/demand balance sheet this week. In addition to adopting USDA’s lower final production estimate, we have increased our import forecast by 0.5 million cwt to 19.0 million cwt, lowered our forecast of domestic disappearance by 4.5 million cwt, and lowered our export forecast by 0.5 million cwt to 91.5 million cwt. The net result of the changes has been to increase our carryout forecast by 2.5 million cwt to 39.0 million cwt. For 2012/13, in addition to the larger beginning stocks, we have lowered our import forecast by 0.5 million cwt, with the net result being a 2.0-million-cwt increase in our carryout forecast to 41.4 million cwt.