Rice output of India
is likely to decline
to 103 million tons in 2013-14 on crop damage. Exports are
also expected to be lower
at 10 million tons, according to latest USDA report.
Rice
production has been lowered to 103 million tons (from 105
million tons last year) as the recent cyclones in the eastern
coast and heavy rains have damaged the standing rice crop,
which was at maturity and harvest stage, in eastern and
southern states.” The US
Department of Agriculture (USDA) said.
USDA said: “Domestic
Rice prices have gained strongly in November on reports of
crop damage in Andhra Pradesh and other eastern state. Rising
domestic Rice prices over the last few months has been a major
concern for the government.
On Rice exports, the USDA
said the shipments are expected
to decline to 10 million tons in the 2013-14
marketing year (October-September) against the estimated 10.9
million tons last year.