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FAO Rice Market Monitor, September 1998

Year of publication 1998

Place of publication Rome, Italy ;

Pages 9p.

Author FAO

Publisher FAO ;

Category Newsletter

Series title Rice Market Monitor

Series number Vol. I No. 4

Synopsis (short abstract) FAO’s latest forecast for global paddy output in 1998 is 561 million tonnes, about 17 million tonnes, or about 3 percent lower than the previous year's revised record level. The reduction is largely attributed to flood-related problems in a number of major rice producing countries in Asia where preliminary indications suggest a high degree of damage in some countries. However, the final outcome will greatly depend on the impact of floods in the affected countries.

Language English

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    According to FAO’s latest forecast, global paddy output in 1998 could reach 567 million tonnes, only 4 million tonnes, or less than one percent lower than the previous year's revised record level. This forecast is still tentative and critically hinges on a timely and normal development of the Asian monsoon.
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    Rice trade in 1998 is forecast to expand by 3.2 million tons in 1998 to a new high of 21.6 million tonnes. At that level, trade would exceed the previous 21 million tons record set in 1995.
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    FAO’s current estimate for the 1998 global paddy production is 560 million tonnes, down by 17 million tonnes from the 1997 record output. The fall is largely attributed to weather-related problems that affected crops in the major producing countries, particularly China (Mainland) and Bangladesh. In some other cases, such as Japan and Egypt, lower production was the result of domestic policies designed to limit the area under rice.
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