Rice Market Monitor - March 2005
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FAO ;
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• Following less buoyant assessments of crops in Cambodia, China and Laos, FAO has revised downward its estimate of global paddy production in 2004, which now stands at 605 million tonnes. If confirmed at that level, the 2004 season will end with a 4 percent increase in production compared with 2003, with most of the expansion concentrated in China, Indonesia, Japan, Pakistan, the Philippines and Viet Nam. Egypt, Argentina, Brazil, Uruguay, the United States and the European Union are also estim ated to have harvested larger crops in 2004. By contrast, a number of setbacks, in the form of floods and droughts, impaired the paddy seasons in Bangladesh, Cambodia, India, Laos, Malaysia, Myanmar, Nepal, Sri Lanka and Thailand, which are all set to experience a contraction. Production in 2004 is also anticipated to fall in Central America, a result of disease problems and drought, but also in Ecuador, Guyana and Peru. Although recovering from the extremely poor outcome in 2003, production in Australia remained well below the levels reached before 2002, when lingering drought problems started affecting the crop.