date:Nov 21, 2012
Compared to last year, world rice carryover stocks are expected to rise by 7 percent, or 10 million tonnes, to a new high of almost 170 tonnes, marking the eighth consecutive year of stock accumulation, says the RMM. As a result, the world rice stock-to-use ratio is forecast to rise from 33.6 percent in 2012 to 35.5 percent in 2013.
FAO raised its July forecast for global rice production in 2012 by 4.2 million tonnes to 729 million tonnes, or 486 million tonnes on milled basis, largely because