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Rice Market Monitor - March 2005











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    Newsletter
    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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    Rice Market Monitor - September 2004 2004
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    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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    Rice Market Monitor - September 2005 2005
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    There have been a number of revisions to FAO’s forecasts on paddy production in 2005, resulting in much less buoyant prospects for crops this season. The outlook deteriorated especially in the case of China and India, the two major paddy producers, but also of Colombia, Cuba, the Republic of Korea, Laos, Nepal, Pakistan, and Venezuela. By contrast, expectations over production in Ecuador, the Philippines, the United States and Viet Nam improved.

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