Sri Lanka: Rice Rebounds - Grain and Feed Annual 2019

Commodities

Post expects rice production in Sri Lanka to increase to 3 million metric tons in the marketing year (MY) 2019/20 under average weather conditions. The year 2018/19 production rebounded after several seasons of drought-affected production and Post expects production to reach 2.9 million metric tons of rice. Imports for 2019/20 should drop since local production is sufficient for domestic consumption. Paddy stocks, which had been low in recent years, are likely to increase after significant production improvements but only a marginal increase in consumption.

Sri Lanka: Rice Rebounds - Grain and Feed Annual 2019