May 24, 2018 / 8:16 AM / a month ago

Bangladesh's summer rice crop likely to hit 19.7 mln tonnes

DHAKA, May 24 (Reuters) - Bangladesh’s rice output from the summer crop is likely to hit 19.7 million tonnes, exceeding the target of 19 million tonnes, as farmers raised acreage to cash in on higher prices, a government official said on Thursday.

The South Asian country emerged as a major importer in 2017 after floods damaged its crops, sending domestic rice prices to record highs.

Despite some losses due to heavy pre-monsoon rains, the summer crop will surpass the target, based on information from the fields, Mohammad Mohsin, director general of Department of Agriculture Extension, told Reuters.

The summer-sown crop, also known as ‘Boro’, usually contributes more than half of Bangladesh’s typical rice production of around 35 million tonnes.

Reporting by Ruma Paul Editing by Manolo Serapio Jr.

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