Argentina rice report

Post forecasts MY 2010/11 milled rice production at 930,000 MT on 230,000 hectares. The Argentine rice sector is expected to increase slightly its planted area due to good international prices, increased export demand, and fewer marketing restrictions than in the other grains. Post estimates MY 2009/10 rice production at 910,000 MT on 220,000 hectares. Post forecasts domestic rice consumption for MY 2010/11 to remain at similar levels as the previous year at 320,000 MT. Rice is not a staple product for the Argentine consumer and is not an important part of the Argentine diet. Per capita rice consumption in Argentina is very stable at approximately 7 -8 kilos (rough basis). Post forecasts a slight increase in MY 2010/11 total rice exports to 610,000 MT due to high prices, and strong export demand from Brazil, Venezuela, and other markets, as well as a small increase in production.