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Rice Market Monitor - May 2003












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    Rice Market Monitor - February 2003 2003
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    FAO's latest estimate of global paddy production in 2002 stands at 582 million tonnes (389 million tonnes in milled equivalent), down 2.4 million tonnes from the previous report. At that level, the season will end with a 16 million tonne year-to-year contraction, with production falling to its lowest level since 1998. While the 2003 paddy season already commenced in the Southern Hemisphere, the prevalence of an El Niño episode is anticipated to influence the weather pattern in several producin g countries in the coming months, with likely consequences over production in 2003.
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    Rice Market Monitor - September 2003 2003
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    Since its last assessment, FAO has raised its forecast of world paddy production in 2003 by about 800 000 tonnes to 593 million tonnes, mainly reflecting an improved outlook for China. Adjustments were also made to the official estimates of production last year. So, based on current prospects for 2003 and a revised figure for 2002, global paddy production is anticipated to rise by 3 percent, or 18 million tonnes.
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    Rice Market Monitor - November 2003 2003
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    Despite a recent deterioration of prospects for global paddy production this season, a recovery from the 2002 low levels continues to be foreseen, with 2003 global paddy production now forecast to grow by 3 percent to 591 million tonnes. Much of the year-to-year increase would be on account of India, where production is forecast to rise by 18 percent. Sizeable production gains are anticipated in several other Asian countries, in particular Bangladesh, the Islamic Republic of Iran, Myanma r, Pakistan, the Philippines, Sri Lanka, Thailand and Vietnam. Those increases will more than offset an expected contraction in China, Japan and the Rep. of Korea.

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