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FAO Rice Market Monitor, July 1998

Year of publication 1998

Place of publication Rome, Italy ;

Pages 8p.

Author FAO

Publisher FAO ;

Product type Newsletter

Series title Rice Market Monitor

Series number Vol. I No. 3

Synopsis (short abstract) FAO’s latest forecast for global paddy output in 1998 is put at 570 million tonnes, 9 million tonnes, or slightly less than two percent lower than the previous year's revised record level. This is a tentative forecast since the bulk of this season's rice crop is being planted in Asia as the monsoon rains set in. In other countries in the Northern Hemisphere, planting has been completed and growing conditions vary from average to good while in the Southern Hemisphere and around the equatorial belt, harvesting of the 1998 main season paddy crops is complete.

Language English

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    According to FAO’s latest forecast, global paddy output in 1998 could reach 567 million tonnes, only 4 million tonnes, or less than one percent lower than the previous year's revised record level. This forecast is still tentative and critically hinges on a timely and normal development of the Asian monsoon.
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    FAO’s latest forecast for global paddy output in 1998 is 561 million tonnes, about 17 million tonnes, or about 3 percent lower than the previous year's revised record level. The reduction is largely attributed to flood-related problems in a number of major rice producing countries in Asia where preliminary indications suggest a high degree of damage in some countries. However, the final outcome will greatly depend on the impact of floods in the affected countries.
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    Rice trade in 1998 is forecast to expand by 3.2 million tons in 1998 to a new high of 21.6 million tonnes. At that level, trade would exceed the previous 21 million tons record set in 1995.
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