USA Rice says the Department of Agriculture’s acreage forecast for rice is higher than the actual acres planted. The USA Rice World Market Price Subcommittee met last week, to discuss supply and demand, rice stocks, and projected plantings. Subcommittee members from all six rice states reported expectations that actual plantings for 2021 will be significantly lower than those estimated by USDA in the March projected plantings, with a total projected difference of 15 percent less acreage, due to a range of weather issues. Following the Subcommittee meeting, Chair Keith Glover and USA Rice staff met with teams from the USDA National Agricultural Statistics Service, Economic Research Service, and World Agricultural Outlook Board departments. Glover provided feedback from Subcommittee members regarding NASS statistics, and reviewed the areas where members thought changes could be made. Glover states, “As always we were happy to meet with USDA to pass on input from our World Market Price Subcommittee.”
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