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BANGKOK, Nov 11 - Despite extensive floods in Asia since August, the United Nations Food and Agriculture Organization (FAO) has raised its July forecast for global paddy production this year by 2.4 million tonnes to 721 million tonnes.

The agency said the revision reflects expected improved rice harvests in Bangladesh, China, Egypt, India and Viet Nam which more than outweighed a worsening of prospects in Indonesia, the Republic of Korea, Madagascar, Myanmar, Pakistan, the Philippines and Thailand.

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Courtesy: mcot.com

11th November 2011