Assuming a normal monsoon in Bangladesh this summer, MY 2006/07 (July-June) rice production is forecast at 28.2 million MT from 11.2 million hectares.

As per the latest USDA attache' report, the prevailing high domestic prices should support increased planting. MY 2005/06 rice production is currently estimated at 27.4 million MT, up 7%from the flood-damaged 2004/05 production.

High domestic rice prices led to increased planting and prompted farmers to shift from traditional low-yielding varieties to high yielding varieties (HYVs) and hybrids.
View Full Report Here