Rice Market Monitor - May 2003
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With the 2002 paddy season virtually concluded, this issue of the FAO Rice Market Monitor reviews the major developments that have influenced the international rice market during the year. On the supply side, adverse weather conditions was a dominant factor which curbed production in most continents, but especially in Asia, large parts of Africa and Oceania. In particular, irregular and scarce monsoon rains and weak post-monsoon rains were responsible for poor crops in India, while the recurrence of an El Niño event depressed output in several countries, although its effects were generally milder than in 1997.