# A Quick Look at the 2024 Rice Market - Rice Farming

> US rice production rose to about 2.9 million acres in 2023 after two years of decline. California's medium-grain acreage recovered above 500,000 acres after the 2022 drought, and El Niño drought has hit off-season production in Thailand, Burma and Indonesia.

- Date: 2024-04-15 · published 2024-04-15T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/6714-a-quick-look-at-the-2024-rice-market-rice-farming
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Heavier US medium-grain supply could cap upside in rough rice prices, while drought in key Asian exporters supports global prices. The net effect is mixed for buyers.

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-03-11 | [A Quick Look at the 2024 Rice Market](https://feedsoft.ai/events/31269-a-quick-look-at-the-2024-rice-market.md) | +1.8% | -8.0% |
| RICE | 2026-01-06 | [Rice Futures Up, Still Near 2016-Lows — TradingView News](https://feedsoft.ai/events/9168-rice-futures-up-still-near-2016-lows-tradingview-news.md) | +0.7% | +11.8% |
| RICE | 2021-06-14 | [Ahead of the Open - Pro Farmer](https://feedsoft.ai/events/6264-ahead-of-the-open-pro-farmer.md) | -1.9% | -1.5% |
| RICE | 2018-12-14 | [YEAREND: Arkansas rice, soybean faced tough weather challenges in 2018](https://feedsoft.ai/events/61435-yearend-arkansas-rice-soybean-faced-tough-weather-challenges-in-2018.md) | +0.7% | -0.2% |
| RICE | 2017-05-04 | [Reinventing Rice for a World Transformed by Climate Change \| MIT Technology Review](https://feedsoft.ai/events/10810-reinventing-rice-for-a-world-transformed-by-climate-change-mit-technology-review.md) | +4.4% | +14.7% |

## Sources

- ricefarming.com: https://www.ricefarming.com/departments/feature/a-quick-look-at-the-2024-rice-market/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.