USDA Hikes 2013 Export Projections for Cambodia, India, U.S. [the bulk of Cambodia’s rice exports are shipped to Vietnam and Thailand]

March 13, 2013 

http://www.blackseagrain.net

 

The USDA increased its rice export forecasts for India, Cambodia and the U.S. mainly due to higher production estimates in these countries.

Cambodia’s 2013 rice export estimates was increased 150,000 tons to a record 975,000 tons, up about 21% from last year, said the USDA in its March Rice Outlook. However, it also added that the “bulk of Cambodia’s rice exports are shipped to Vietnam and Thailand,” duggesting the figure reflects unofficial sales. The forecast for rice production for Cambodia has been raised by 375,000 tons to a record 4.6 million tons based on larger area (2.95 million hectares) and a record yield.

India’s 2013 export forecast was raised by 100,000 tons to 7.6 million tons, due to an upward revision of rice production in 2012-13 to about 101 million tons based on higher yield.

The U.S. 2013 export forecast was increased by 50,000 tons to 3.5 million tons, up about 6% from the previous year. The upward revision is based on a faster-than-expected pace of sales since last fall. The USDA said that total outstanding commercial sales and exports of all rice were 19% ahead of a year earlier as of February 28, 2013. Latin America is the largest market for U.S. rough rice exports, while northeast Asia, Haiti, the Caribbean, the Middle East, and Canada are the largest markets for U.S. milled-rice exports.