Rice Surplus, Adequacy and Reserves
Taking into account the production prospects, the global rice market and economy as well as geopolitics, the rice adequacy calculation will be very helpful.
There has been a polemic lately over “surplus of rice” versus “the adequacy of rice.” Discussing the issue of a rice surplus, adequacy and management of the national rice stock, questions arise whether the national stock of 6.6 million tonnes is sufficient.
The assessment uses an empirical experience-based approach, taking into account two perennial problems. First, we still argue over the understanding of “the adequacy of rice.” Is it production minus consumption or availability (market demand)? Second, the mechanism to determine the adequacy of the national stock has yet to be agreed upon.