BD to be fourth largest global rice producer in 2017: FAO

Dhaka,  Sat,  23 September 2017
Published : 14 Jun 2017, 21:39:29
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BD to be fourth largest global rice producer in 2017: FAO



HANOI, June 14: Bangladesh is expected to be the world's fourth largest rice producer in 2017, according to the Crop Prospects and Food Situation report released by the UN's Food and Agriculture Organisation (FAO).

The FAO forecast that the biggest rice producer this year will be China with 142.3 million tonnes, followed by India with 110.4 million tonnes, Indonesia, Bangladesh and Vietnam, according to a report by http://en.vietnamplus.vn.

The report said global rice output is likely to increase by 0.7 per cent to 502.3 million tonnes thanks to production facilitation policies in Asia and yield recovery in South America and Australia.

After two years of decrease, global rice exports are predicted to expand by 5 per cent in 2017 to  44.2 million tonnes compared with 43.6 million tonnes in the previous year, with India expected to remain the largest rice exporter.

The organisation said global rice prices have been stabilised since early 2017 due to increasing demand and currency reforms in India and Thailand.
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