U.S. rice exports projected to reach record - Trade Notes - Brief Article

AgExporter, Feb, 2003

Bolstered by strong demand and competitive prices, U.S. rice exports for 2002/03 are forecast at a record level of 3.6 million tons. Paddy rice exports, in particular, are being boosted by greater Western Hemisphere demand, most notably in Brazil where projected annual imports were expected to increase by 150,000 tons.

Lower availability of Argentinean and domestic supplies is forcing Brazil to look to other sources. The resolution of the newly-imposed pest risk analysis requirement should clear the way for U.S. exports to Brazil. Strong export demand, combined with tightened milling capacity, boosted export price quotes for U.S. long-grain rice.