India will be a major influence on the global rice trade in the calender year 2003.
With continued large scale subsidised exports of rice by India in absence of new sales limits, global rice price is unlikely to see any upward momentum, the United States department of agriculture has cautioned in its report.
Global rice trade for the calendar year of 2003 is expected to be at more than 26.7 million tonnes of the milled basis, up marginally from USDA