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FAO Rice Market Monitor, May 1998

Year of publication 1998

Place of publication Rome, Italy ;

Pages 8p.

Author FAO

Publisher FAO ;

Product type Newsletter

Series title Rice Market Monitor

Series number Vol.I No. 2

Synopsis (short abstract) According to FAO’s latest forecast, global paddy output in 1998 could reach 567 million tonnes, only 4 million tonnes, or less than one percent lower than the previous year's revised record level. This forecast is still tentative and critically hinges on a timely and normal development of the Asian monsoon.

Language English

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    FAO’s latest forecast for global paddy output in 1998 is 561 million tonnes, about 17 million tonnes, or about 3 percent lower than the previous year's revised record level. The reduction is largely attributed to flood-related problems in a number of major rice producing countries in Asia where preliminary indications suggest a high degree of damage in some countries. However, the final outcome will greatly depend on the impact of floods in the affected countries.
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    Rice trade in 1998 is forecast to expand by 3.2 million tons in 1998 to a new high of 21.6 million tonnes. At that level, trade would exceed the previous 21 million tons record set in 1995.
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    Based on crop results in the Southern Hemisphere and expectations of bumper harvests in several countries in the Northern Hemisphere, FAO is provisionally estimating global paddy output in 1999/2000 at 593 million tonnes, 1.9 percent more than in the previous season. By comparison, the increase in 1998/1999 was only 0.9 percent, as the season was plagued with weather-related problems in the major producing countries.
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