Bangkok , 31 Jan 2012 -- Global rice production is expected to set a new record when figures for 2011 are finalized, according to FAO, which raised its forecast for the world harvest by 700 000 tonnes on improved crop prospects in Asia. Rice production should increase by 21. 4 million tonnes, a 3 percent increase over the record set in 2010, and total 721 million tonnes (481 million tonnes, milled basis). Improved output from Asia was the key driver in the higher forecast. Despite rising input prices and numerous weather setbacks – most notably widespread flooding [more...]