Rice Market Monitor - September 2004

FAO;

Rice Market Monitor - September 2004

Year of publication 2004

Place of publication Rome, Italy ;

Pages 17 p.

Author FAO;

Publisher FAO ;

Product type Newsletter

Series title Rice Market Monitor

Series number Vol. VII No. 4

Full item page

Synopsis (short abstract) FAO forecast of global paddy production in 2004 has been lowered to 608 million tonnes, because of adverse weather conditions in several northern hemisphere countries. Estimated world production in the previous 2003 season was also revised downward, as several countries released new, less buoyant estimates of their 2003 crops. Following those changes, forecast production in 2004 still shows an increase of 4 percent, or 24 million tonnes, compared with 2003.

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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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FAO first forecast of global paddy production in 2004 has been set at 613 million tonnes, 22 million larger than last season, and the highest level on record. The figure is highly tentative, since countries in the Northern Hemisphere still have to plant their main crops. So far, the outlook for the Southern Hemisphere countries, where harvesting is underway, is generally positive.
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FAO’s forecast for global paddy output in 1998 has been revised downwards by 4 million tonnes to 557 million tonnes. This would be about 20 million tonnes, or approximately 3.5 percent lower than the previous year's revised record level. The downward adjustment is based on the preliminary assessment of the damage caused by floods in a number of rice producing Asian countries in the northern hemisphere.

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