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NewsletterRice Market Monitor - March 2005 2005• Following less buoyant assessments of crops in Cambodia, China and Laos, FAO has revised downward its estimate of global paddy production in 2004, which now stands at 605 million tonnes. If confirmed at that level, the 2004 season will end with a 4 percent increase in production compared with 2003, with most of the expansion concentrated in China, Indonesia, Japan, Pakistan, the Philippines and Viet Nam. Egypt, Argentina, Brazil, Uruguay, the United States and the European Union are also estim ated to have harvested larger crops in 2004. By contrast, a number of setbacks, in the form of floods and droughts, impaired the paddy seasons in Bangladesh, Cambodia, India, Laos, Malaysia, Myanmar, Nepal, Sri Lanka and Thailand, which are all set to experience a contraction. Production in 2004 is also anticipated to fall in Central America, a result of disease problems and drought, but also in Ecuador, Guyana and Peru. Although recovering from the extremely poor outcome in 2003, production in Australia remained well below the levels reached before 2002, when lingering drought problems started affecting the crop.
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NewsletterRice Market Monitor - December 2007 2007With 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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NewsletterRice Market Monitor - March 2006 20062005 was a record breaking year for the world rice economy. For the third consecutive season, global paddy production experienced a brisk expansion, which lifted it to an all time high of 628 million tonnes. Growth reflected relatively favourable weather conditions in Asia, western Africa and South America and the positive effects of high prices in 2004, which had fostered a general increase in plantings. Tight domestic supplies in a number of countries confronted with production shortfalls in 2004 prompted a surge of global imports in calendar 2005 to a record volume of 29.0 million tonnes. The expansion in trade in 2005 took place despite relatively tight export availabilities in Thailand and China (mainland), as reduced sales from these countries were more than compensated by increased shipments from the other major exporting countries, in particular India, Pakistan and Viet Nam.
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