1m tonne higher rice yield likely this year
Bangladesh expects to yield some 35 million tonnes of rice this year, about 1.0 million tonne higher than that of the last year, according to the officials of the ministry of agriculture (MoA) Sunday.
Meanwhile, the world output of rice is projected at 461 million tonnes, 2.0 per cent higher than that of last year, the estimates by the United States Department of Agriculture (USDA) indicated.
The projected global production of 461 million tonnes will still be 2.0 per cent lower than the original target for the year 2011-12 (crop season), the USDA stated in its latest report.
“We hope to harvest a record rice production of some 35 million tonnes that includes the output during this year’s Aman season,” a senior official of the MoA told the FE.
Farmers have started harvesting Aman crop, following a bumper Boro yield this year, he said.
The MoA official said Bangladesh had harvested good rice crop during the last four consecutive years due to favourable weather conditions and non-recurrence of natural calamities like floods and cyclones.
Despite increase in production, Bangladesh is likely to import some 750,000 tonnes of rice in the fiscal year (FY) 2011-12 to help keep the market stable, sources said.
“Bangladesh’s import estimate has been raised by 200,000 tonnes to 750,000 tonnes for the year,” USDA stated in its latest report, quoting a US Agricultural Officer in Dhaka.
It said the country’s private sector is expected to increase imports from neighbouring India, now that the latter has lifted its earlier ban in export of non-basmati rice.