W47 Rice Update: Global Rice Production Adjusted Downward, Vietnam's Exports Surge, and Paraguay Faces Crop Risks
In W47 in the rice landscape, the USDA forecasts a global rice production of 517.80 mmt in 2023/24, a slight decrease from the October estimate. As of Oct-23, Vietnam's rice exports reached USD 3.97 billion, an increase of 34.9% YoY. The 2023 rice export target in Thailand is revised to 8.5 mmt due to rising prices. Meanwhile, in Paraguay, 80,000 ha of rice fields are at risk from flooding. Lastly, India is expected to maintain rice export restriction in 2024.
Nur Hameed · Nov 30, 2023