Vietnam to be among world’s largest rice producers: FAO

TIN LI�N QUAN
	Inflation forecast to hit 2.6 percent this year
	CPI drops 0.53% in May

Illustrative image.

The FAO forecasts that the biggest rice producer this year will be China with 142.3 million tonnes, followed by India with 110.4 million tonnes, Indonesia and Bangladesh.

The report said global rice output is likely to increase by 0.7 percent to 502.3 million tons thanks to production facilitation policies in Asia and yield recovery in South America and Australia.

After two years of decrease, global rice exports are predicted to expand by 5 percent in 2017 to 44.2 million tons compared with 43.6 million tons in the previous year, with India expected to remain the largest rice exporter.

The organization said global rice prices have been stabilized since early 2017 due to increasing demand and currency reforms in India and Thailand. 

MoU on rice trading between VN, Bangladesh extended A Memorandum of Understanding (MoU) on rice trading between Viet Nam and Bangladesh was renewed by Minister of Industry and Trade Tran Tuan Anh and Minister of Food Advocate Qamrul Islam on May 23 in Ha Noi.

Ripening rice fields in Mai Chau In the ripening rice season in June, Mai Chau is gorgeous, with immense rice fields that are turning yellow. Terraces have various colors from dark ...