Urner Barry Releases March Emerging Plant Protein Report
According to the latest USDA WASDE, the outlook for 2021/22 U.S. rice this March is for stable supplies, unchanged domestic use, reduced exports, and higher ending stocks. Projected 2021/22 all rice ending stocks were increased slightly to 34.5 million cwt, 21% lower than last year. The season-average farm price for all rice is forecasted at $15.90/cwt, a $0.20 increase on higher projected U.S. wheat, corn, and soybean prices.
The global rice outlook for 2021/22 is for larger supplies, higher consumption, increased trade, and higher stocks. Rice supplies were raised by 4.9 million tons to 701.6 million, mainly on...
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