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India Queen Basmati Rice

According to a statement issued by National Bureau of Statistics (NBS) that output of early rice of China’s first harvest period has declined in 2015 about 1% to around 33.69 million tons from around 34.01 million tons produced in 2014. Early rice is normally planted in spring and harvested in early summer. The decline in this year’s early rice acreage is about 1.4% y/y to around 5.72 million hectares.

However, the NBS statistics showed that the yield increased slightly too around 5.89 tons per hectare due to favorable weather and support to farmers in providing seeds and fertilizers by the authorities. Further, it has been reported that early rice is mainly planted in eight central and southern provincial regions namely Zhejiang, Anhui, Fujian, Jiangxi, Hubei, Hunan, Guangdong and Guangxi.

According to USDA estimates China is to produce around 146 million tons of milled rice in MY 2015-16 (July – June), while, it may import around 4.7 million tons and export approximately 400,000 tons of rice in 2015.