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July 1998
U.S. Rice Outlook: Down But Not Out
While U.S. rice exports for 1998/99 are expected to slightly surpass the previous year’s level, a projected surge in production is likely to result in increased ending stocks and lower prices in the upcoming marketing year. The 1998/99 projected season average price of $9.00/cwt is still historically high, and if realized, would be the fourth highest since 1982. However, it comes on the heels of three years of near record farmgate prices.
Full report: U.S. Rice Outlook: Down But Not Out
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