Rice Market Monitor  - February 2009

FAO;

Rice Market Monitor - February 2009

Trade and Markets Division

Year of publication 2009

Place of publication Rome, Italy ;

Pages 39 p.

Author FAO;

Publisher FAO ;

Product type Newsletter

Series title Rice Market Monitor

Series number Vol. XII No. 1

Full item page

Synopsis (short abstract) The 2008 paddy s eason is coming to a close with much more buoyant expectations over production thanpreviously anticipated. FAO’s latest prospects point to a level of world paddy production in 2008 of 683 million tonnes (456 million tonnes, milled rice equivalent), 23 million tonne, or 3.5 percent more than in 2007 and the fastest growth since 2005. The increase would be based on a 2.2 percent rise of the area to 159 million hectares, a positive reaction to high prices and to government support.

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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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FAO has raised its estimates of 2001 global paddy production to 591.1 million tonnes (395.3 million tonnes, in milled equivalent), mainly on account of upward adjustments in Bangladesh and Thailand. At that level, the season would end 7 million tonnes below the output gathered in 2000, with much of the drop concentrated in Asia. Based on current figures, Australia, Bangladesh, India and the United States experienced large increases in production, while Brazil, Mainland China, Egypt, Indo nesia, Japan, Pakistan and Vietnam recorded sizeable declines.
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FAO’s forecast of global paddy production over the 2009 season has been lifted by nearly 10 million tonnes to 678 million tonnes, 2 percent below 2008’s crop, but still the second highest production on record. The revision to the global production outlook principally reflects better than previously anticipated results in many Asian countries, where overall paddy production is now forecast at 612 million tonnes, some 12 million tonnes below 2008.

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