Close  

Global rice production set to hit record in 2011-2012—FAO

/ 05:36 PM February 02, 2012

PARIS—The harvest of rice around the world in 2011-2012 should hit a new record of 721 million tons and lead to lower prices, the UN’s Food and Agricultural Organization said Wednesday.

With the growing season nearly over in the northern hemisphere and well underway in the southern, the FAO predicted in its latest quarterly report that rice production should increase by three percent from the previous year.

ADVERTISEMENT

Adverse weather in Cambodia, the Philippines, and Pakistan had less of an effect than initially feared, it said.

Asia, which is the top producer of rice by far, is set for a three percent gain in production to 653 million tons. Africa was set for a one percent gain to 25.5 million tones.

The FAO estimates that this should enable the price of rice to continue falling in the coming months as stocks increase and imports decline.

It estimated that global trade in rice will decline by one million tons due to better harvests in traditional import countries.

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: FAO, food, Food and Agricultural Organization, rice
For feedback, complaints, or inquiries, contact us.
globalnation

India offers 1,000 PhD fellowships to Asean

September 19, 2019 10:29 AM

newsinfo

Senate panel resumes GCTA controversy probe

September 19, 2019 10:19 AM

globalnation

Locsin on raising arbitral award: We will lose in UN

September 19, 2019 10:14 AM



© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.