Rice Outlook Global 2011-12 slightly raised production, consumption, ending stocks

Karachi: US Department of Agriculture USDA Rice Outlook Global 2011/12 slightly raises rice production, consumption and ending stocks. Increase in global rice production of 600,000 tons to record 461.4 million tons is due primarily to larger forecast crops for Bangladesh & Cambodia, which are partially offset by reductions for Brazil, Pakistan, North Korea and the US.

The 2011/12 global rice production forecast was fractionally raised to 461.6 million tons milled basis.
Crop is more than 2 percent above a year earlier and the highest on record.

Australia, Bangladesh, China, Egypt, India & Pakistan account for most of global production increase. In contrast, production declined substantially in 2011/12 in Brazil & the US.

The bumper global crop is result of expanded area. At 160.1 million hectares, global harvested area is the highest on record, with South Asia accounting for most of increase.

Pakistan’s 2011/12 crop estimate was reduced 100,000 tons to 6.55 million tons based on a slightly lower yield. The crop is still up 31 percent from year-earlier crop that was reduced by severe flooding and is third highest on record.

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