|Việt Nam is expected to be the world’s fifth largest rice producer in 2017. — Photo cafef.vn|Viet Nam News
HÀ NỘI — Việt Nam is expected to be the world’s fifth largest rice producer in 2017, according to the Crop Prospects and Food Situation report released by the UN’s Food and Agriculture Organisation (FAO).
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 and Bangladesh.
The report said the global rice output was 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, when 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 the increasing demand and currency reforms in India and Thailand. — VNS