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> The crop situation index for rice grown in 2023, indicating the amount of the rice harvest, was 101 Does that mean that each acre is producing about 100% of
by wodenokoto 2y ago
> The crop situation index for rice grown in 2023, indicating the amount of the rice harvest, was 101
Does that mean that each acre is producing about 100% of the average production, or that the total production is about 100% of the average production?
The article makes it sound like the change in production is neglectable and that the change in demand is tiny, implying that a high estimate would be about 0.5% increase in demand.
- freeone3000 2y agoCrop situation index is percentage yield of the area cultivated. 2023 had 101% of the expected yield per area, so it’s not a bad harvest (2022 had a 96 due to the typhoon, for instance). Which means the high price of rice results from some combination of increased consumption or reduced cultivation area.