By Bobby Coats, Professor of Economics, University of Arkansas
In case you missed the most recent webinar on July 27, the recordings of the two segments are now available to view on YouTube.
Segment 1 recording: https://youtu.be/A0wtzvmY0OM
Topic: U.S. Rice Supplies Expected to Tighten in 2017/18; U.S. Prices Projected Higher (45 minutes)
Presenter: Dr. Nathan Childs, Agricultural Economist with USDA’s Economic Research Service
Description: The June NASS Acreage report indicated a 20-percent decline in U.S. harvested rice area in 2017/18 to 2.5 million acres. Assuming trend yields, the U.S. rice crop is projected to drop 15 percent from a year earlier to 191.3 million cwt, pulling total supplies down 11 percent. Both domestic use and exports are projected to contract in response to the tighter supplies and resulting higher prices. Despite smaller use, U.S. stocks are expected to drop to a more normal level after three consecutive years of abnormally high ending stocks. Globally, rice trade is expected to increase, with China remaining the largest rice importer and India and Thailand remaining the largest exporters. Global rice stocks are projected to increase to the highest level since 2001/02.
Segment 2 recording: https://youtu.be/qcuh3xK4oEQ
Topic: Arkansas Rice Crop Update – (10 minutes)
Presenter: Dr. Jarrod Hardke, Associate Professor and State Rice Extension Agronomist, Crop, Soil & Environmental Science Department, University of Arkansas System-Division of Agriculture