Sign up | Log in



Home  >>   Daily News  >>   Cambodia News  >>   Agriculture  >>   Light monsoon rains force Cambodia to lower rice forecast
NEWS UPDATES Asean Affairs    7 August  2012

Light monsoon rains force Cambodia to lower rice forecast


The Food and Agricultural Organisation (FAO) of the United Nations lowered its forecast for global rice production yesterday due to light monsoon rains in India and other producers including Cambodia.

In a statement from Bangkok, the FAO said global paddy production was expected to total 724.5 million tonnes, down from the original forecast of 732.3 million tonnes in April.

"The downward revision was mainly the result of a 22 per cent lower-than-average monsoon rainfall in India through mid-July, which is likely to reduce output in the country this season," the statement 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."

Despite the downward revision, "world output should still slightly surpass the excellent results achieved in 2011."

In contrast to trends in the international corn and wheat markets, "rice prices have remained surprisingly stable after gaining two per cent in May," the FAO said.

"Amid abundant rice supplies and stocks, the likelihood of a strong price rebound in coming months is minimal, but the future direction of rice prices remains uncertain."

Countries expected to post production gains are China, Indonesia and Thailand along with several other countries in Asia which accounts for the lion's share of global output.

The FAO predicted Asia would reap 657 million tonnes in 2012, up 0.4 per cent from 2011.

Global rice trade in 2012, however, is expected to decline by one million tonnes to 34.2 million tonnes, "largely as a result of reduced import demand from Asian countries.

"Thailand is expected to face a sharp decline in exports, with Argentina, Brazil, China (mainland), Myanmar, Uruguay and Vietnam also shipping less rice," the statement said.

The FAO said global rice inventories at the close of the 2012-2013 marketing years had been revised upward by 200,000 tonnes of milled rice to 164.5 million tonnes.

"This would imply a nine million tonnes increase from the previous year and mark the eighth consecutive season of stock accumulation.

"Thailand needs to release its abundant stocks before the October harvest, which could impact prices," it added.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    7 August 2012  Subsribe Now !
• No reliable data on violence against women...  Subcribe: Asean Affairs Global Magazine
• Light monsoon rains force Cambodia to lower ...  Asean Affairs Premium

• Torrential rains paralyse Philippine capital, 9...

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Thousands in Malaysia's Penang hit by morning...
• China tells US to 'shut up' over growing sea... 
• M'sian hospitals to go green to cut costs
Asean Analysis              7 August 2012 Advertise Your Brand
• Asean Analysis- August7, 2012  
• Asean Weekly- August 3, 2012 Sponsor Our Events

Asean Stock Watch      7  August 2012  

• Asean Stock Watch-August 7, 2012 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand