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
Gaso petroleum opens new service station in Cape Coast
Ghana Journalist Association names 2015 award winners
Graphic Group promotes peace in Bolgatanga
Takeda Announces Bold, New Access to Medicines for Sub-Saharan Africa from Nairobi
Plan International launches scholarship scheme for SHS
Producer Inflation rises to 10.3 per cent in July
American IT Firm to pilots Athena Mobile Education System
Bunkpurugu MP assures constituents of better education
Tigo explores options to give customers a greater choice for 4G services in Ghana
Access Bank moves up in Ghana Club 100 Ranking
 More latest news
 Popular News Items
Siemens increases investment in Ghana's energy sector
Appolonia Business Park will attract more investments - US Ambassador
FSD generates GHC 28 million internally last year
"Government would reciprocate contributions of Western Region" - President Mahama
Financial sector dominate stock as indices point northwards
Ensure that credible elections held, Rev Appiagyei urges EC
RTI coalition petitions President over delayed bill
Northern women present peace petition to Chief of Tamale
Report on 'Land Grabbing in Ghana' launched
UCC graduates fourth batch of medical doctors

Copyright BusinessGhana. All Rights Reserved.

Legal