Rice stocks 'near record'
- Published: 8 Feb 2013 at 20.18
- Online news: Local News
Rice stockpiles will surge to a record this year driven by the government's rice-purchase programme, according to the Food and Agriculture Organisation (FAO).
The FAO said the country may be running out of room to store the staple.
Milled holdings may jump 40 per cent to 18.2 million (metric) tonnes in 2013, the Rome-based United Nations agency said in a report Friday on the global rice market. The reserves, which averaged 5.4 million tonnes a year between 2008-2010, have increased from 7.8 million tonnes in 2011, according to the report.
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