Forecast on global rice export prospects

After the Indian government suspended a 14-month-long ban on non-basmati milled rice exports on September 28, and a day after reducing the export duty on parboiled and brown rice from 20% to 10%. India’s 2025 rice export forecast was raised by 3.0 million tonnes to 21.0 million tonnes, while the export forecasts for Brazil, Pakistan, Thailand and Vietnam were lowered.

Import forecasts for 2025 are raised for several countries due to lower expected prices and larger export supplies, with China, Nepal and the Philippines forecast to see the largest increases.

For more details, see: https://www.ers.usda.gov/webdocs/outlooks/110219/rcs-24i.pdf?v=7233.8

Contact: Agricultural Economist Email nathan.childs@usda.gov

Notes: October 2024 Rice Outlook Report (Includes the latest estimates and forecasts of U.S. and global supplies, use, and prices, and USDA's world agricultural production supply and demand forecasts).

Source: https://moit.gov.vn/tin-tuc/thi-truong-nuoc-ngoai/hoa-ky-du-bao-ve-trien-vong-xuat-khau-gao-toan-cau.html