Friday, 13 December 2013

Rice output & Exports This Year Likely Decline : USDA, 10 December 2013

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.