India faces a fall in rice exports
BANGLADESH is expected to reduce its imports of rice by a half this year leaving its key supplier India with a problem of where to sell its rice.
According to the Indian commerce ministry, the countrys income from rice exports in the coming year is to fall 28.4% to Rs44 billion (£640m).
The Financial Times says the coming year is likely to be a difficult year for rice-exporting countries as all the big importers are set to harvest bigger crops.
The US department of agriculture has forecast a 20% fall in the world rice trade in 1999, from 26.6m tonnes last year to 21m tonnes.
- Financial Times 18/06/99 page 34