Urner Barry Releases December Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this December is for reduced supplies with unchanged domestic use, slightly lower exports, and fractionally lower ending stocks compared with November. The season-average farm price forecast for all rice is unchanged this month at $14.80/cwt, as an increase to the long grain rice forecast offset a decrease in the medium and short grain price.
The supply and use revisions have resulted in a 2021/22 ending stocks forecast of 34.5 million cwt, down 0.5 million cwt from last month and 21% less than...
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