According to the Food Proof Report published by the Food and Agriculture Organization (FAO), global rice production this year is likely to increase by 0.7% over last year to more than 502 million tons thanks to Policies to promote production in Asia and production recovery in South America and Australia.
The five countries with the largest rice production this year are China (over 142 million tonnes), India (over 110 million tonnes), Indonesia, Bangladesh and Vietnam.
After two years of decline, global rice exports are forecast to increase 5% this year as key Asian importers boost imports to ease inflationary pressures and replenish rice. Reserve.
Global rice exports are expected to reach more than 44 million tonnes from nearly 44 million tonnes last year, with India maintaining the largest exporter status, while Thailand and Vietnam are forecast. Will also significantly increase the volume of exports.
The international rice price has recovered steadily since the beginning of the year thanks to the surge in demand and currency exchange rates in India and Thailand. FAO forecasts rice price index this year will reach 202 points, up 8% over the end of last year.
