World Rice Stocks Expected to Fall 30%
World rice stocks are expected to fall by more than 30% this year to about 35 million tons, the U.N. Food and Agriculture Organization reported Wednesday.
A report by the FAO’s intergovernmental group on rice said the change in the world rice market from one of surplus to limited supplies and rising prices was caused largely by adverse climactic conditions. It also said some countries had adopted measures to reduce output.
The FAO group warned that another year of falling output could cause serious food security problems. The reduction in rice stocks was described as “particularly acute” in major producing countries.
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