Title page
Contents
Domestic Outlook 7
International Outlook 12
Special Article: Rice Production Costs and Returns Have Increased Over Time, and Are Highest in California 23
Table A. U.S. all-rice supply and use at a glance, 2021/22-2023/24 3
Table B. U.S. rice supply and use at a glance, by class, 2021/22 to 2023/24 4
Table C. U.S. rice harvested area, yield, and production, by State and U.S. total 6
Table D. Global rice production, selected monthly revisions, and year-to-year changes, January 2024 15
Table E. Global rice balance sheet for 2021/22-2023/24 (in million metric tons, milled basis) 16
Table F. Selected rice importers at a glance (1,000 metric tons), January 2024 18
Table G. Selected rice exporters at a glance (1,000 metric tons), January 2024 20
Figure 1. U.S. rice production increased 36 percent in 2023/24 1
Figure 2. U.S. 2023/24 long-grain rice exports projected to increase 22 percent 9
Figure 3. U.S. 2023/24 rough-rice export forecast raised 2.0 million cwt; milled-rice export forecast lowered 3.0 million cwt 10
Figure 4. Rice exports from India, Thailand, and Vietnam projected to decline in 2024 17
Figure 5. Argentina's rice trading prices now slightly exceed U.S. prices 22
Maps
Map 1. Production forecasts (milled basis) 2023/24 13
Map 2. Annual percent change in production forecasts, 2023/24 14
Special Article Figures
Figure 1. Operating costs of producing rice in 2022 were higher in California than other rice-producing areas 24
Figure 2. Allocated overhead costs of producing rice in 2022 were highest in California and lowest in the Gulf Coast region 24
Figure 3. Gross returns from rice production fluctuated over the past decade, while production costs rose sharply in 2021 and 2022 25