India's Low Rainfall to Affect Rice Production, Exports

By International Business Times,  August 15, 2012, 09:56:40 PM EDT

A looming rice supply shortage could occur in the next few months as the poor monsoon and low rainfall in India, the world's second-biggest grower, hampers the nation's rice output, the International Food Policy Research Institute (IFPRI) said.

Because of the deficient monsoon, agricultural operations in India, with its resulting rice contribution to global supply, may slide to between 5 million metric tonnes and 7 million tonnes, such a dismal figure compared to the record 91.5 million tonnes a year ago, according to P.K. Joshi, director for the South Asia region of IFPRI.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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