Developments on the EU rice market
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CTA. 2004. Developments on the EU rice market. Agritrade, January 2004. CTA, Wageningen, The Netherlands.
Permanent link to this item: http://hdl.handle.net/10568/52881
According to the December 2003 USDA semi-annual review of the EU grain and feed...
According to the December 2003 USDA semi-annual review of the EU grain and feed market, rice production in Italy was affected by drought. While rough rice production was around the same as last year, milled production fell by 2.4%. Markets are expected to be little affected, given stocks of 638,000 tonnes in intervention, and the growth in Spanish rice production over the past seven years, where yields have increased by 50%. In 2003 EU rice imports continued to grow, expanding around 38% since 2000, to 2,776,377 tonnes. Comment: In a context of rising yields the commitment to avoiding land abandonment under reform of the rice sector could well see a further expansion of EU rice production in the coming years despite the impending dramatic decline in the internal EU rice price (market prices are expected to fall by 34% next year). This would be in line with the FAPRI projections on the impact of rice-sector reform released at the beginning of 2003. With so much rice in stock, this could see an upsurge in EU rice exports in the coming years.