Commodity - Global rice production falls, affecting food security.
Byline: S. KAMAL HAYDER KAZMI
According to the Food and Agriculture Organisation of the United Nations (FAO), world rice production for the 2022-2023 season is forecast at 516 million tonnes, 1.6 percent below the previous year's output. This is the lowest global production since the 2019-2020 season. FAO has forecast world cereal stocks at the end of the 2023 seasons to decline by 1.2 percent from their initial levels to 844 million tonnes, due to a projected reduction in global stocks of coarse grains and rice, offsetting an increase in wheat stocks...
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