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Modest Rise in World Rice Crop
WASHINGTON - Apr 9/10 - SNS -- Global 2009-10 production and consumption projections are increased from last month, while trade and ending stocks are lowered, according to the latest USDA World Agricultural Outlook Board
World rice production is raised 500,000 metric tons (MT) to 440.8 million based mostly on increases for Pakistan, North Korea, Ecuador, and Peru, which are partially offset by reductions for Thailand and Burma.
Global consumption is increased nearly a million MT based mostly on increases for the United States, Pakistan, Burma, North Korea, and Peru. Global exports are lowered 0.5 million MT as projections are reduced for Pakistan and Burma which are partially offset by an increase for the United States. Notable changes in global imports include reductions for Iran and the Philippines.
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