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Millennium Post

Poor monsoon leads to lower paddy forecast

United Nation’s body  Food and Agriculture Organisation (FAO) has revised global paddy production forecast downwards by 7.8 million tonnes to 724.5 million tonnes for 2012 mainly on account of poor monsoon rains in India. Earlier in April, FAO had pegged global paddy production at 732.3 million tonnes for the current year. World paddy production in 2011 is pegged at 713 million tonnes (476 million tonnes on milled basis).

‘FAO has lowered its April forecast of global paddy production in 2012 by 7.8 million tonnes following a worsening of the outlook in Asia. The downward revision mainly concerned India, where the critical monsoon rains were 22 per cent short of the Long Period Average by mid-July,’ it said.

‘Production forecasts were also reduced for Cambodia, the Chinese Province of Taiwan, the Democratic People’s Republic of Korea, the Republic of Korea and Nepal, all of which may see a production drop in 2012,’ it pointed out.
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