Corn and soy complex futures traded higher immediately after the USDA reports were released.
WASHINGTON, DC, US — Along with corn and wheat, rice, an edible starchy cereal grain, is one of the important staple crops used to nourish the world, providing a food source rich in carbohydrates.
According to the US Department of Agriculture’s World Agriculture Supply and Demand Estimates (WASDE) November 2022 report, the global production of rice is projected to reach 503.69 million tonnes in 2022-23. Of that total, USDA expects 52.83 million tonnes will be exported to world markets.
China is the largest producer and importer of rice to meet its projected 2022-23 domestic consumption of 155 million tonnes.
These are the top 10 global rice producing countries.