Page 39 - Food Outlook

Figure 8. Global closing stocks and stock-to-use ratio
Figure 9. Stocks held by the five major rice exporters and stock-to-disappearance ratio
million tonnes, milled eq.
percent
40 30 20 10
2017/180
f’cast
Rice exporters Stock-to-use ratio
180 140 100
60 202007/08
2009/10
China
(Mainland)
2011/12
2013/14
2015/16
Rest of the world
million tonnes, milled eq.
percent
30 24 18 12 6
2015/16 2017/180
f’cast
Viet Nam
50 40 30 20 10
02007/08
2009/10
Pakistan
Thailand
2011/12
2013/14
United States
India
Stock-to-disappearence ratio
result of a robust pace of exports and the depletion of state reserves. A sizeable reduction is also envisaged for the United States, where inventories may drop to a 14-year low of 880 000 tonnes, following a sharp decline in production. Mostly on account of these large
expected falls in Thailand and the United States, the major exporters’ stock-to-disappearance ratio is predicted to drop from 18.5 percent in 2016/2017 to a ten-year low of 16.9 percent in 2017/18.
FOOD OUTLOOK NOVEMBER 2017
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RICE