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Rice Market Monitor - February 2009

Trade and Markets Division











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    Rice Market Monitor - June 2005 2005
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    According to the FAO second forecast, global paddy production in the current 2005 season could increase by 2.7 percent to 621 million tonnes, or 16 million tonnes more than in 2004, as most countries are expected to react to the rise in prices witnessed in 2004 by expanding cultivation. The current prospects are almost 7 million tonnes above the preceding FAO forecast, reflecting improved expectations for production in Brazil, India, Myanmar, Nigeria, and Thailand.  Much of the expansion foreseen in 2005 is likely to be concentrated in Asia, with mainland China forecast to boost production by 6 million tonnes compared to last year, with large additions also coming from Bangladesh, India, Myanmar, Pakistan, Sri Lanka and Thailand. By contrast, the outlook is less buoyant for Indonesia, Japan and Viet Nam, which might experience a contraction. In recent months, the news that China had started cultivating genetically modified (GM) rice on a commercial basis gained the headlines. H owever, it is not clear whether the Government has formally authorized the release on the market of the GM rice seeds, which would set an important precedent, especially in relation with a food crop.
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    Newsletter
    Rice Market Monitor - Volume XII - Issue No. 2 2009
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    FAO’s outlook of global paddy production in 2008 has been revised upwards by 4 million tonnes, now standing at 688 million tonnes (459 million tonnes, milled rice), representing an outstanding 4 percent increase from 2007. The revision principally reflects more buoyant results than previously expected in northern hemisphere countries in Asia, where the recent harvesting of crops has brought the 2008season to an end.
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    Rice Market Monitor - December 2007 2007
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    With the bulk of the 2007 season paddy crops already harvested, the FAO forecast of world paddy production in 2007 has been lifted by 2 million tonnes to 645 million tonnes (430 million tonnes in milled rice eq.), which represents a modest increase of 4 million tonnes, or 0.6 percent, from 2006. Virtually all of the year-to-year world expansion is expected to arise in Asia, while contractions are anticipated in Africa, Latin America and the Caribbean and Oceania, where crops have been co nstrained by adverse weather often associated with “La Niña” conditions. Production in Asia is now foreseen to expand by about 5 million tonnes to 585 million tonnes, spearheaded by large absolute gains in China, India, Indonesia and Myanmar, but also in the Islamic Republic of Iran, Japan, Malaysia, Nepal, the Philippines and Thailand. By contrast, Bangladesh, Cambodia, DPR of Korea, the Rep. of Korea, Sri Lanka and Turkey are forecast to face a decline. Exceptionally wet conditions pre vailed in large parts of Africa, hindering crops in most locations and causing production in the region to fall to an expected 21.6 million tonnes, slightly below the good 2006 performance. Much of the decline is foreseen to concentrate in Egypt, but also in Cote d’Ivoire, Guinea Bissau, Mali and Nigeria. By contrast, Benin, Chad, Guinea, Madagascar, Mozambique, Senegal and Tanzania are set to harvest larger crops.

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