USDA lowers 2017-18 global rice supply forecast by 2%.

USDA estimates India rice production for 2017/18 at 10.75 Cr metric tons (milled), down about 2% from last year’s record crop. US Department of Agriculture (USDA) has lowered its estimate for global Rice supplies for the year 2017-18 to 61.93 Cr tons, primarily on a smaller crop projected for India. USDA estimates India rice production for 2017/18 at 10.75 Cr metric tons (milled), down about 2% from last year’s record crop. The decrease was mainly due to a drop in harvested area. Harvested area is estimated at 4.27 Cr hectares, down 4% from last month but up 1% from last year. Rough yield is estimated at 3.78 kilograms per hectare, down 1% from the previous year.