Home  |  Login  |  FAQ  |  Advertise  |  Services  |  Recommend  |  FeedBack  |  Contact Us  
Home
News

 Other Sections
ACN Ghana 2008
Sports
Finance
Business Directory
Online Forms
Real Estate
Classifieds
Auto
Jobs
Events
Downloads
World Cup 2010
Travel
About Ghana
Our Services
News Headlines
 More
India to be world's top rice exporter for second straight year
News Date: 7th May 2013


India could export 8.3 million tons of rice this year, making it the world's leading rice exporter for two years in a row, the Food and Agriculture Organization (FAO) said Tuesday.

India last year surpassed Thailand as the top exporter for the first time in three decades, shipping 10.3 million tons of milled rice compared with Thailand's 7.0 million.

"We estimate that at he end of this year, India will remain the number one rice exporter, with Vietnam and Thailand slightly behind with 7.8 and 7.7 million tons, respectively," said Hiroyuki Konuma, FAO's regional representative for Asia.

The FAO's Rice Market Monitor report projected Asia's rice production in 2013 to rise 2.2 per cent, to 452 million tons of milled rice.

"This will be the third year of bumper harvests for rice in Asia," Konuma said.

The FAO attributed the increased production to good weather and government price supports for farmers in India and Thailand.

It estimated that India's stockpile would reach 22 million tons by year-end 2013, down 7.6 per cent from 2012, while Thailand's will reach 16.3 million tons, up 29 per cent from 2012.

Thailand, which offers farmers a fixed price of about 500 dollars per ton of rice, was hoping its price support scheme would boost international rice prices while bolstering farmers incomes.

But the FAO said benchmark international rice prices had fallen 4 per cent in the first four months on 2013.

"The large stocks accumulated by the Thai government through the paddy-pledging programme weighed on market sentiment," the FAO said.


Source: GNA


 More
 Search News
 
 Advanced Search

ADVERTISEMENT
  Latest News Headlines
Prez Mahama Commends GIMPA for Eulogizing President Mills
Simulation exercise at VIP Lounge; Alhaji Dawood on wanted list
Government Committed To Developing the Youth- Nana Oye Lithur
Prosecution presents fourth witness in Amoateng's trial
Ken Ofori-Atta clarifies Obotan Sale
Collaborate to check fictitious import documents
Fourth Ghana SME Summit Programme takes off
A seminar on building risk management has begun in Accra.
Growing demand for real estate can fuel Ghana's economy - Report
HIV prevalence among pregnant women is 1.9 percent - GHS
 More latest news
 Popular News Items
Economy to rake in GHc 986m revenues
Gov't Approves Takeover of GNGC - Finance Minister
Revise Petroleum and Marine Pollution Bills - CSOs
Stanbic launches fee-free overdraft for salary workers
Gambling revenues moderate in Africa amidst faltering economic climate: PwC report
Sunyani NGO trains operators on water disinfection
President Mahama promises more equipment for military
Enforcing sanitation by-laws will prevent cholera - Serikin
Man remanded for defiling two sisters
Minister calls for innovative teaching to improve education

Copyright BusinessGhana. All Rights Reserved.

Legal