Food price inflation in the region increased to 4.5 percent in March from 4 percent in February but still weaker than general inflation, which slowed to 5.7 percent.
FAO estimates China’s 2013 aggregate cereal production was 547.4 million tonnes in 2013, 1.4 percent higher than the 2012 record crop, even with a 1 percent smaller rice harvest.
In Indonesia, the price of rice has increased by 11.2 percent year-on-year despite record paddy production of 71 million tonnes in 2013.
India will allocate US$ 221 million in aid to farmers in Maharashtra and Madhya Pradesh where heavy rains and hailstorms damaged 3 million hectares of crops.
Viet Nam cut its minimum export price for rice by 3 percent to US$ 355 per tonne to increase its competitiveness with falling prices for Thai rice.
Several provinces in Pakistan are facing the worst drought since 1998. About 1 million tonnes of wheat may be lost this year along with significant losses to cattle and sheep breeders.