India, China, Thailand, Vietnam are the major producers of rice; prices are at a 10 year high while global stocks are at a 30 year low; Main exporters are Thailand, Vietnam, exporting about 4-5 million tons
every year;
Vietnam has lost about 500,000 hectares of irrigated lands since 2001 to 2007 to industrialization. Irrigated rice accounts for 80% of Vietnam's rice area and is grown on about 3.4 Million hectares and providing about 90% of the national production. The minister of Agriculture in Vietnam Cao duc
Phat has said that the loss is expected to equal current rice exports. It would mean the Vietnam will no longer have extra rice for export; Vietnam's rice farms are also affected by pests ;
Vietnam, India, Egypt and Cambodia has limited its rice exports. Thailand
has not issued any restrictions on its exports yet;
India has placed its rice exports at $1000 per ton as a disincentive even as
prices are $700 to 750 per ton of rice.
1 comment:
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