Flooding trims Bangladesh rice outlook

게시됨 2024년 9월 6일

Tridge 요약

The article highlights the impact of flooding on rice production in Bangladesh, leading to a decrease in the expected harvested area and milled rice production for the 2024-25 marketing year. The US Department of Agriculture's Foreign Agricultural Service (FAS) has lowered its forecast for rice production and consumption due to lower production and higher prices caused by inflation and import restrictions. As a result, domestic rice prices are expected to rise, leading to a decrease in rice consumption and an increase in wheat consumption. The FAS also anticipates an increase in wheat imports due to higher domestic consumption and the need for alternative sources since India's wheat export ban.

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원본 콘텐츠

Flooding is taking its toll on rice production in Bangladesh, lowering the outlook for harvested area to 11.5 million hectares and milled rice to 36.8 million tonnes in the 2024-25 marketing year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. The FAS also reduced its 2024-25 forecast for the consumption of rice, the country’s top staple crop, to 37.7 million tonnes, which is 300,000 tonnes lower than its previous forecast due to lower production and higher prices. Since August 2022, Bangladesh has been experiencing very high inflation, which has affected the purchasing power of consumers, the FAS noted. Since July 31, neither the government nor the private sector have imported rice into Bangladesh, the FAS said. Additionally, with India’s restriction on non-basmati white rice exports and high international prices, it is unlikely that Bangladesh will import rice from the international market, as the import costs would be ...

출처: UkrAgroConsult