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The fao says global inventory decline will support the price of rice     WASHINGTON FAO said on Wednesday, the world's largest rice exporter stocks may fall next year, which will exacerbate tight global supplies, support rice prices.
    
Kaer Bei FAO senior economist, said next year will face the global rice shortage in the United States may reduce rice production, some of the major exporting countries of the inventory situation more tense than this year.

    
According to statistics, Thailand, Vietnam, Pakistan, the United States and India accounted for 80% of global rice trade. U.S. Department of Agriculture this year's rice exports in these countries increased by 8.4% over last year, reaching 24.7 million tons.

    
Affected by floods in Pakistan and Thailand, the United States led to lower yields in arid areas and the Philippines rice fields Typhoon "catfish" to destroy, lowest since June this year, U.S. rice futures rose by 51%.

    
Kaer Bei that rice prices can not fall, because the two major rice exporting countries worldwide Thailand and Vietnam had hoped to increase the harvest of domestic stocks.

    
President of the United States Rice Producers Association, said Roberts, White, bad weather makes the already tight supply situation worse, the export price of Thai rice this year will reach 550 dollars / ton, then the Philippines will import rice to meet domestic demand.