USDA Hikes 2013 Export Projections for Cambodia, India, U.S.
The USDA increased its rice export forecasts for India, Cambodia and the U.S. mainly due to higher production estimates in these countries. Cambodia’s 2013 rice export estimates was increased 150,000 tons to a record 975,000 tons, up about 21% from last year, said the USDA in its March Rice Outlook. However, it also added that the “bulk of Cambodia’s rice exports are shipped to Vietnam and Thailand,” duggesting the figure reflects unofficial sales. The forecast for rice production for Cambodia has been raised by 375,000 tons to a record 4.6 million tons based on larger area (2.95 million hectares) and a record yield. …
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