Global: OECD-FAO indicates that rice exports from Cambodia and Myanmar will increase

(By Planeta Arroz) According to the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO), global rice production is expected to grow 11% over the next 10 years, reaching 587 million tons in 2033. The OECD-FAO Agricultural Outlook for 2024-2033, released simultaneously in Paris and Rome on Tuesday, says the increase from current levels is expected to be driven by better yields. Production expansions in Asian countries, which account for the majority of global rice production, should be robust,” he says. The sharpest growth is expected in India, which is expected to overtake China to become the world's largest rice producer by 2033. China is expected to come in second, followed by Indonesia, Thailand and Vietnam. In terms of exports, rice shipments from South and Southeast Asia are expected to grow at an annual rate of 2.8% over the next decade, allowing the region's share of global exports to expand to ...