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Rice Market Monitor - June 2006

Year of publication 2006

Place of publication Rome, Italy ;

Pages 20 p.

Author FAO;

Publisher FAO ;

Product type Newsletter

Series title Rice Market Monitor

Series number June 2006

Synopsis (short abstract) FAO has revised upwards by 3 million tonnes its forecast for global paddy production in 2006, which now stands at 637 million tonnes, only 1.0 percent more than in 2005. Such a sluggish growth is imputable to a general rise in production, processing and marketing costs, but also reflects expectations that growing conditions in the current season might not be as favourable as in 2005. Asian countries are now expected to gather 577 million tonnes in 2006, 4 million tonnes more than previously fo recast and 7.5 million tonnes larger than last year. Much of the increase would reflect progress in Bangladesh, China and Viet Nam and, to a smaller extent, in Indonesia, Myanmar, the Philippines and Thailand. Crop prospects continue to be negative in Japan, the Republic of Korea and Sri Lanka and, now, also in Pakistan.

Language English

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    Prospects for world paddy production in 2006 have deteriorated, reflecting a bleaker outlook for crops in Asia which were affected by persistent drought problems, monsoon floods and, since September, by a series of typhoons. Insects and diseases were also reported to have caused extensive losses. Based on the latest FAO forecast of 631 million tonnes, global paddy production would decline by 1 million tonnes compared with 2005.
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    FAOs forecast for global paddy production in 2006 has been downgraded by 2 million tonnes from last report and now stands at 635 million tonnes, marginally above the 2005s level. Much of the downward revision reflects adverse weather conditions, which have led to much less buoyant crop prospects in Bangladesh, China and Nepal.
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