Post-Harvest Market Update *
Harvest has wrapped up – what does that mean for the market? We sat down with Mark Holt, Vice President of Sales & Marketing to find out!
The 2022 rice crop for our growers was small and of good quality, as expected. We now know the inventory available to us through the rest of the marketing year.
Demand continues to be high, accelerated by external factors.
For price stability, supply will need to balance with demand.
“The South American crop will be harvested in February and March, so that will add to the global supply. Until then, we are going to remain in a very tight situation with stocks. Pricing has reflected that,” Holt said of the situation.
There are no obvious short-term solutions for supply concerns. Planting intentions for the 2023 crop year could be a long-term solution.