The Milled Rice Supply in the US is projected to steadily increase from 2024 through 2028. Starting at 8.9 million metric tons in 2024, it is expected to reach 9.27 million metric tons by 2028. These projections reflect a consistent trend of growth in the rice supply, demonstrating confidence in the US rice production capabilities.
The year-on-year variations show a gradual increase:
- From 2024 to 2025: 1.12%
- From 2025 to 2026: 1.00%
- From 2026 to 2027: 0.99%
- From 2027 to 2028: 0.98%
Calculated over the last two years of actual data (up to 2023) and forecast data from 2024 onwards, the compound annual growth rate (CAGR) is approximately 0.99% per year.
Future trends to watch for:
- Changes in agricultural policies and subsidies that may impact rice production.
- Technological advancements in farming that could improve yield efficiencies.
- Shifts in consumer preferences and dietary trends affecting rice demand.
- International trade dynamics and their impact on domestic rice availability.
