Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
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Rice production to increase by four per cent
The Independent
Food and Agricultural Organisation (FAO) has forecast that paddy production during the current season in Bangladesh would stand at 39.6 million tonnes, four per cent higher than the last year.

FAO reports under its global information and early warning system on food and agriculture forecast that the increase in the rice production is consistent with the intensification of government support and the ongoing tendency to shift from jute to rice cultivation as response to relatively high paddy price.

The international organisation on food and agriculture said the main crop which is being currently harvested is the Aman planted in June and July. The harvesting of Aman has started in October and is almost completed.

The 39.6 million tonnes of production of rice was some 13 per cent above the average of the previous five years, FAO said, adding this was the result of the application of improved farming technology and planned irrigation, says BSS.

The production would reach this record high despite rains in June which have caused the loss of some 136,000 hectars of paddy land.

FAO in its international food outlook preview said global rice situation would remain tightened this year while the import forecast for Bangladesh in 2003 has been adjusted upward from 502,000 to 700,000 tonnes, in accordance with the official figures showing a decrease of output in 2002.This increase over last year's level should be facilitated by the reduction in import duties which went into effect last February, the FAO said.

The FAO also forecast a favourable wheat output situation in In the country. It said wheat harvested earlier this year is estimated at 1.65 million tonnes, as compared to last year's average production of 1.55 million tonnes and to an average of the past five years of 1.71 million tonnes.It said in fiscal 2003-04 wheat imports are likely to be 1.70 million tonnes, slightly above last year's 1.66 million tonnes.

MGR Archive 22.11.2003
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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