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
Universal Merchant Bank launches VISA card
Don't deal with unscrupulous persons - Fire Service
Stop proclaiming cure for Diabetes - Consultant
202 women contesting assembly polls in Ashanti
Respect labour laws to promote industrial peace - Adjei
Prez Mahama distributes outboard motors to fishermen
4 Things You Could Get Addicted to After Visiting Seychelles
Investment community to gather in Abuja led by IFC and World Bank
Leading dentistry experts exhibit in 2nd edition of Dental Africa
High risk implementation planning for data centres
 More latest news
 Popular News Items
Avenor Rural Bank makes progress despite harsh conditions
Govt pledges use of research findings to transform economy
Airtel MD challenges businesses to meet customers needs
Peacebuilding experts meet in Accra
Ghana/Mauritius waive visa requirements
Nearly Collapsed Dimabi School In The Northern Region Rescued By Tigo Shelter 4 Education Project
Mahindra Comviva Wins Future Digital Awards 2015 for mTicketing Service in Bangladesh
MTN Pays Ghc 605M in Taxes to Government
Producer Price Inflation for July is 10.6 per cent
KATH ENT seeing more cases of dyspnea

Copyright BusinessGhana. All Rights Reserved.

Legal