Tag Archives: markets

Without acreage decreases and demand increases, 2021 prices could soften

offloading rice

• By Kurt Guidry • Tight stocks and favorable demand have helped support rice prices for much of 2020, which saw a large increase in rice acres and the potential for drastically higher production and supply levels. Historically, this type of situation would result in heavy downward pressure on prices. While 2020 prices were lower than levels experienced in 2019, ... Read More »

Rice market remains resilient but could face headwinds later in 2021

damaged rice kernels

• By Kurt M. Guidry • Despite several challenges in 2020, the rice market has been resilient and has remained fairly stable. The first challenge was the large increase in acres in 2020, most of which were in long grain. Total acres harvested this season are estimated at just under 3 million acres, roughly 21% more than in 2019. A ... Read More »

Rice acres may cushion economic impacts of COVID on Arkansas farms

arkansas rice

• By Mary Hightower • Growing rice may provide some insulation from the economic impacts of COVID-19 for Arkansas farms, but cotton growers are likely to be harder hit through 2023, according to a model run by the University of Arkansas System Division of Agriculture. The study did have an upside: the negative effects from COVID-19 on 2019 commodity prices ... Read More »

Much stronger foundation

ship loading at Baton Rouge

Even with a projected acreage increase, the market appears better than 2017 as long as demand doesn’t wane. • By Kurt Guidry • The current rice market continues to show strength despite the COVID-19 pandemic and the prospects for larger acreage and larger production levels in 2020. In Louisiana, current cash offers for old crop rice have been able to ... Read More »

Louisiana rice crop off to good start, prices up

young rice NE Arkansas

• By Bruce Schultz • Rice prices have rebounded, and the Louisiana 2020 crop is off to a good start. Louisiana State University AgCenter economist Michael Deliberto said there are several reasons why the economic outlook for rice is positive. “There is no doubt that supplies are tight and demand has been good. These are the highest U.S. prices in ... Read More »

Crawfish glut hits the market as restaurants close, switch to takeout

crawfish

With a glut of crawfish on the market, prices are dropping, and consumers might be interested in boiling and freezing crawfish at home. Many restaurants have closed or switched to takeout- and drive-through-only operations amid concerns about spreading the novel coronavirus. That means restaurants aren’t buying nearly as much crawfish as they usually do. Evelyn Watts, Louisiana State University AgCenter ... Read More »

USA Rice addresses domestic rice supply during COVID-19 outbreak

out of stock shelves

As the effects of COVID-19 are being felt in the United States and around the world, consumers are rushing to stockpile groceries and household supplies in fear of being quarantined in their homes for weeks. This has led to a run on household cleaning products, paper products, and nonperishable foods, including rice. Social media platforms are full of pictures of ... Read More »

Tight stocks, positive market set the tone for this season

drill seeding rice near crowley

• By Kurt Guidry • The improvement in rice prices over the last half of 2019 and the start of 2020 certainly has created a great deal more optimism in the rice industry. While it likely took longer than most would have preferred, the reduction of available supplies with the smaller 2019 crop coupled with stronger export prices being seen ... Read More »

Market momentum continues as rough, milled exports remain strong

rice loading

• By Kurt Guidry • The rice market continues to slowly move up as tighter supplies and generally strong demand has helped to support higher prices. While the December 2019 World Supply and Demand Estimates report did not provide many significant changes from the previous month, the changes it did make reinforced the perceived strong market demand and tighter overall ... Read More »

Strong exports help buoy the market and point to higher prices

export ship

• By Kurt Guidry • When examining the market environment for the 2019 rice crop, there are several factors that could be pointed to that would suggest the potential for stronger prices. Adverse conditions at planting, challenging growing season conditions, and lower acreage and production expectations all would suggest higher prices. But despite these supply-side signals, prices during the first ... Read More »