World rice production will recover strongly in 2023/24

Compared to the previous crop year, production increased the most in Pakistan, where rice production is expected to recover from the 2022/23 drought season due to floods. Accordingly, Pakistan's production will increase from 5.5 million tons in the season 2022-2023 to 9 million tons in the season 2023-2024. China is forecast to see output increase by 3 million tons to 149 million tons after experiencing drought in southern provinces last year. India is forecast to have a record crop for the eighth consecutive year with an output of around 133 million tonnes. Increased production is also forecast to come in major rice producing countries including Indonesia, Myanmar, Thailand and Bangladesh. For the 2022/23 crop year, USDA estimates global rice production at 508.4 million tons, 1 million tons lower than the April report. Afghanistan, Myanmar, Guinea, Pakistan, Tanzania and Taiwan (China) accounted for most of the downward revision in demand, more than the upward adjustment in ...