Do More With Reuters
Partner Services

Myanmar cyclone stirs more rice supply fears

Mon May 5, 2008 9:39pm IST
 
Email | Print | | Single Page
[-] Text [+]

By Grant McCool

BANGKOK (Reuters) - The cyclone and flooding in Myanmar's two major rice growing areas have "potentially serious effects" for food supply in two other impoverished countries, a U.N. official said on Monday.

World Food Programme spokesman Paul Risley said it was not yet known whether Myanmar could meet its commitments to supply tens of thousands of tonnes of rice to Sri Lanka and neighbouring Bangladesh.

He said it was too early yet to assess the damage to crops in the main rice-producing regions.

"These are longer term questions and a major issue of concern because of the potentially serious effects for food supply in those countries at a time when global supplies are short," he said.

In the former Myanmar capital Yangon, an official said the planned shipment of 50,000 tonnes of milled rice to Sri Lanka in May may be delayed as the government needs to check its stocks.

"We are still carrying out a damage survey of our rice stocks and will make an appropriate decision after that," said an official at the Union of Myanmar Federation of Commerce and Industry, who declined to be identified.

Myanmar state media said in April the country had exported about 400,000 tonnes of rice in the past year because it had enough supplies to feed its 53 million people.

Global stocks for the staple food of half of the world's population have halved since hitting a record high in 2001.  Continued...

Photo

special coverage

Budget 2009
Budget 2009

The government presents the budget for the full fiscal year 2009/10 on July 6.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Photo
Is the budget over-rated for personal finance?

Expectations are high given the outcome in the general elections.  Commentary 

 
Nilekani: Infosys' loss or govt’s gain?
Nilekani: Infosys' loss or govt’s gain?

Nandan Nilekani has resigned from the Infosys board to join the government.  Commentary | Slideshow 

 
Launched

Tata Motors announced the launch of Jaguar and Land Rover vehicles in India.  Slideshow | Video 

 
Satyam
The new Satyam

Stay updated with the developments at Satyam.  Full Coverage 

 
M&A Review
M&A Review

A review of mergers and acquisitions.  Full Coverage 

 
Financial Turmoil Timeline
Financial Turmoil Timeline

A round-up of measures taken by the U.S Federal Reserve since June 2007 to tackle the financial crisis.  Full Coverage