Commodities Buzz: Malaysia Rice Imports Forecasts To Decline 10% In 2018

The US Department of Agriculture (USDA) said Malaysia rice imports are forecasted to drop 10% to 900,000 tonnes in 2018 from one million tonnes in 2017 as the government reduces ending stocks to 400,000 tonnes in 2018 from 480,000 tonnes in the previous year.

In its Grain and Feed Annual 2018 report, the USDA said Malaysia rice imports are seen improving to 950,000 tonnes in 2019 as the government needs to replenish ending stocks to 380,000 tonnes.