SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

Rice exports likely to decline in 2013: FAO

Thailand is pegged to ship 6.5 mt of the grain this year

Related News

The fall in rice production in the current crop year in India against is expected to affect exports of the key staple in 2013, the United Nations’ Food and Agriculture Organisation (FAO) has said.

“By contrast, the 2012 production shortfall and rising domestic needs may depress India’s exports next year,” said in its latest Rice Market Monitor report.

The global body on the farm sector has pegged India’s rice production lower at 100 million tonnes (mt) in the 2012-13 crop year (July-June) from a record high of 104.32 mt in the 2011-12 crop year. FAO said the spurt in exports from India has helped it displace as the world’s largest rice exporter, with shipments expected to touch nine mt in 2012.
 

RICE BOWLS
Production in mn tonnes
Country 2011-12E 2012-13F
China (Jan-Dec) 140.5 142.5
India (Oct-Sept) 104.3 99.8
Indonesia (Jan-Dec) 36.4 37.0
Bengladesh (Jul-Jun) 34.0 34.1
Vietnam (Jan-Dec) 26.4 26.7
Thailand (Jan-Dec) 20.5 21.2
World (Total) 463.4 464.8
E=Estimates, F=Forecast
Source: International Grains Council/PTI

Thailand is pegged to ship 6.5 mt of the grain this year. Earlier, the United States Department of Agriculture had also put India as the world’s largest rice exporter for 2012, beating Thailand. Global rice trade is anticipated to grow by 2.5 per cent in calendar year 2012, to a new high of 37.3 mt, FAO said.

Read more on:   
|
|
|
|

Read More

Cardamom rise as demand picks up

Cardamom prices rose by Rs 12.20 to Rs 981 per kg in futures trading today as speculators created fresh positions, driven by pick-up in demand in the ...

Recommended for you

Quick Links

Market News

Cardamom down 1.7% on profit-booking

Spice for delivery in April fell by 1.44%,

Nickel up 0.5% on global cues

Metal for delivery in April too was trading 0.4% higher

Markets discount rate cut; but what next for investors?

For the market rally to sustain, it will have to be backed up by corporate earnings growth, analysts say

Aluminium up 0.1% on global trends, spot demand

Metal for delivery in current month traded higher by 0.09%

Copper up 0.2% on global cues

Metal for delivery in April was up by 0.19%

 

Back to Top