![]() ![]() ![]() Unlike for wheat, India did not see a surge in rice exports after Russia's invasion of Ukraine in February, as the Black Sea region is not a major producer or consumer of rice. Meanwhile, milled and paddy rice stocks at government granaries of 57.82 million tonnes are more than quadruple a target of 13.54 million tonnes. Rice export prices are also trading near the lowest in more than five years. India at present has more than sufficient stocks of rice, and local prices are lower than the state-set prices at which the government buys paddy rice from farmers. SHOULD THE GOVERNMENT WORRY ABOUT RICE SUPPLIES? Three years of average or above-average rains, and new, modern farming practices have ramped-up rice output. The rains are expected pick up by mid-June and spur the sowing of rice. 1 Historical statistics World production World production in tonnes 2 Large producers References a b 'FAOSTAT'. Upland rice farming done in dry land conditions produces 4 of the world’s total. Production by country The table shows the countries with the largest production of rice in 2021 ( paddy rice ). But since June 1, when the four-month monsoon season began, rains are 41% below average. consumption are among the highest in Asian pop-ulations. In 2022, India is forecast to receive an average amount of rainfall. Indian farmers rely on monsoon rains to water half of the country's farmland that lacks irrigation. The monsoon, which delivers about 70% of India's annual rainfall, is crucial for water-thirsty rice. Millions of farmers start planting summer rice in June, when the monsoon lashes India. India's summer-sown rice accounts for more than 85% of the country's annual production, which jumped to a record 129.66 million tonnes in the crop year to June 2022. Other than serving Asian buyers like China, Nepal, Bangladesh and the Philippines, India supplies rice to countries such as Togo, Benin, Senegal and Cameroon. ![]()
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