Rice Market Monitor - May 2004
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FAO ;
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FAO forecast of global paddy production in 2004 has been raised marginally to 613 million tonnes, which would be 21 million tonnes more than last season and the highest level on record. However, at this period of the year, the forecast is still highly tentative, since the season final outcome will be largely influenced by the timing, extent and distribution of the rainfall during the Asian monsoon, just starting.