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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Exports of rice from China and Thailand are expected to fall.
SINGAPORE (Reuters) -- World rice output in 2005 is likely to rise to a record 621 million tonnes, up 16 million from last year, as high prices prompt farmers in Asia to shift to the food grain, the U.N's Food and Agriculture Organization said.

But world trade in the commodity is expected to fall by 2.8 percent to 25.5 million tonnes as some Asian nations hold back exports to keep local supplies and prices stable, it said in a statement issued from its Bangkok office late on Tuesday.

FAO added area under rice is likely to rise in China, India, Bangladesh, Myanmar, Pakistan, Sri Lanka and Thailand.

"By contrast, the outlook is less buoyant for Indonesia, Japan and Vietnam, which might experience a contraction in rice production," it said.

"Australia again experienced extremely dry conditions, resulting in 36 percent shortfall from last year."

A FAO spokesman said the previous record world rice production was 611 million tonnes in 1999.

The statement added while production in the United States might decline slightly, output from African nations was likely to rise by about 6 percent.

On global trade, FAO said exports from Thailand, the world's largest exporter, and China are expected to fall in 2005.

"The decline in trade is also reflecting a retrenchment from the market of some of the traditional importing countries which succeeded in boosting production in the past few years. These include Brazil, Indonesia, Iran and Nigeria, the statement added.

As supplies grow, international prices have come under pressure since March, it said.
MGR Archive 30.6.2005
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Russia Rapan $ 700
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