FAO predicts increased rice production in Asian countries
The United Nations has forecast an increase in the production of rice in all major Asian rice producing countries including India, and easing of existing tight supply position.
By PTI |
NEW YORK: The United Nations has forecast an increase in the production of rice in all major Asian rice producing countries including India, and easing of existing tight supply position.
The Food and and Agriculture Organization said the world production of rice was expected to increase in the current year by 12 million tonnes or 1.8 per cent provided the normal weather conditions prevail.
Sizable production increases are expected in all major Asian rice producing countries including India, China, Bangladesh, Indonesia, Myanmar, the Philippines and Thailand where the demand and supply position are currently stretched, it said.
However, the FAO said the world trade is likely to decrease mainly due to restrictions on exports placed by major exporters because of rising prices and increase gap between demand and supply.
Production outlook is also positive in Africa, where high world prices may sustain a two per cent growth, particularly in Egypt, Guinea, Nigeria and Sierra Leone, it said.
Concerns about food import dependency in the African region, it said, have led to mobilization of resources towards the rice sector.
Production is expected to recover strongly in Latin America as also European Union But it may contract in Japan, one of the few countries where producer prices fell last year.
In the rest of the world, a "dismal" production is forecast in Australia, reflecting extremely low water availability.
The Food and and Agriculture Organization said the world production of rice was expected to increase in the current year by 12 million tonnes or 1.8 per cent provided the normal weather conditions prevail.
Sizable production increases are expected in all major Asian rice producing countries including India, China, Bangladesh, Indonesia, Myanmar, the Philippines and Thailand where the demand and supply position are currently stretched, it said.
However, the FAO said the world trade is likely to decrease mainly due to restrictions on exports placed by major exporters because of rising prices and increase gap between demand and supply.
Production outlook is also positive in Africa, where high world prices may sustain a two per cent growth, particularly in Egypt, Guinea, Nigeria and Sierra Leone, it said.
Concerns about food import dependency in the African region, it said, have led to mobilization of resources towards the rice sector.
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Production is expected to recover strongly in Latin America as also European Union But it may contract in Japan, one of the few countries where producer prices fell last year.
In the rest of the world, a "dismal" production is forecast in Australia, reflecting extremely low water availability.
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