It is estimated that Australian production of rice may step-down to the level of 653,000 tons. In the MY 2013-14 (beginning March 2014) the downfall of 22% is noticed from the figure of 835,000 tonnes of the last year and from USDA projection it was four percent and decline is projected by 11% from near about 114,000 hectares from the previous year.
Lack of rainfall in winters Rice area in Marketing year 2013-14 is predictable to decline to around 101,000 hectares, down about 11% from around 114,000 hectares in the previous year. Higher temperatures are also being held responsible in the yield. Domestic consumptions will be around 350,000 tons in marketing year 2013-14, this also another speculation. Around 500,000 tons exports is speculated to be unchanged from the previous year.
Previous articleIraq recently leading towards the purchase of Thai and Vietnamese Rice
Next articleWill the rice prices boom in Dhaka?