Rice: Global Perspectives up to October 2014

The US Department of Agriculture projects that global production from the 2014/15 harvest will be 475.5 million tons, 1.1 million tons less than the 2013/14 production.

Friday, October 24, 2014

Excerpted from Reportearroz.com:

International Panorama

The USDA has released the information on expectations for the global rice sector for the upcoming 2014-15 campaign. According to records from the USDA, global production of milled rice in 2014-15 will be 475.5 million tons, representing a figure lower than 2013-14, when the total reached 476.1 million tons. The main reason for the decrease is due to a reduction in yield per hectare.

As for the global rice area, the USDA reports a slight increase compared to last year. The figure is 161 million hectares in 2014-15.

Brazil, Cambodia, China, Indonesia, Philippines and USA are the countries that will substantially increase their acreage of planted rice during 2014-15.

The world average yield per hectare will be similar to last year, at 4.4 tons per hectare. In a most singular form, the USDA expects lower rice production in India, Sri Lanka and Pakistan, due to low rainfall and unfavorable weather conditions. But it is likely that the reduced production of these countries will be offset by increased production in Tanzania, Russia and the E.U.

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