2010-12-12

Global Snapshot: USDA World Agricultural Supply and Demand Estimates

(News resoruce: http://www.bloomberg.com)

USDA has release its report of supply and demand estimates. Regarding to U.S. rice export in the report, there's a larger-than-expected export commitments of medium-grain milled rice to North Africa led to the increase in the combined medium- and short-grain export projection. Although export commitments of long-grain rice through November have been strong, the pace of additional sales will likely slow as U.S. prices have become less competitive with Thailand and Vietnam.

For more details about the report, please link to the webpage of Bloomberg for a text one, or the website of USDA for a completed one.