Global rice stocks continue to rebuild
Global rice stocks, which declined sharply in the early 2000s, prior to the 2008 spike in prices for rice and other food commodities, are forecast to continue the process of rebuilding in 2013/14. Global rice stocks are forecast to rise almost 3 percent in 2013/14, to the highest level since 2001/02. Widespread production gains have been a key driver of stock rebuilding. In 2013/14, global rice output is forecast at a record 476.1 million tons (milled basis), up more than 1 percent from a year earlier.