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Rice Market Monitor - May 2003

Year of publication 2003

Place of publication Rome, Italy ;

Pages 12p.

Author FAO

Publisher FAO ;

Product type Newsletter

Series title Rice Market Monitor

Series number Vol. VI No. 2

Synopsis (short abstract) With the 2002 paddy season virtually concluded, this issue of the FAO Rice Market Monitor reviews the major developments that have influenced the international rice market during the year. On the supply side, adverse weather conditions was a dominant factor which curbed production in most continents, but especially in Asia, large parts of Africa and Oceania. In particular, irregular and scarce monsoon rains and weak post-monsoon rains were responsible for poor crops in India, while the recurrence of an El Niño event depressed output in several countries, although its effects were generally milder than in 1997.

Language English

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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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    Based on the preliminary harvest results in the southern hemisphere and the planting intentions in the northern hemisphere, overall global rice output in 2003 is tentatively forecast at 396 million tonnes (592 million tonnes in paddy terms), 2 percent higher than the previous year’s depressed level. However, this figure is still highly tentative, since the final outcome will depend largely on the timing, extent and distribution of the Asian monsoon rainfall, which has an important bearin g on the global outcome...
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