Global Rice Outlook: India Focus

BMI View: Favourable weather, coupled with a larger area planted, form the basis of our forecast for another strong year of rice output in 2011/12.We forecast rice production to grow 4.7% year-on-year to 99.8mn tonnes, a slight way off from the government's target of total rice output at 102.0mn tonnes. India's well-supplied rice market supports our view for rice prices to average lower at US$14.50 this year.

To read the full article, please choose one of the following options: