Sunday 26 August 2012
The rice harvest
Rice production in India, the world’s second-biggest grower, is poised to slump from a record as the worst monsoon since 2009 reduces planting, potentially lowering exports and boosting global prices.
The monsoon-sown harvest may be between 5 million metric tons and 7 million tons below a record 91.5 million tons a year earlier, said P.K. Joshi, director for the South Asia region at the Washington-based International Food Policy Research Institute.
Production of food grains, including corn and lentils, may slide as much as 12 percent from 129.9 million tons a year earlier, he said.
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