Rice is the most important human food crop in the world, directly feeding more people than any other crop. In 2012, nearly half of world’s population – more than 3 billion people – relied on rice every day. It is also the staple food across Asia where around half of the world’s poorest people live and is becoming increasingly important in Africa and Latin America.
Rice is grown in more than a hundred countries, with a total harvested area of approximately 158 million hectares, producing more than 700 million tons annually (470 million tons of milled rice). Nearly 640 million tons of rice is grown in Asia, representing 90% of global production. Sub-Saharan Africa produces about 19 million tons and Latin America some 25 million tons. In Asia and sub-Saharan Africa, almost all rice is grown on small farms of 0.5−3 ha.
The world’s largest rice producers by far are China and India. Although its area harvested is lower than India’s, China’s rice production is greater due to higher yields because nearly all of China’s rice area is irrigated, whereas less than half of India’s rice area is irrigated. After China and India, the next largest rice producers are Indonesia,Bangladesh,Vietnam,Myanmar, and Thailand
International Rice Market
Unlike maize and wheat, most rice tends to be consumed where it is produced & it does not enter the international markets. Yet, the volume of international rice trade has increased almost fourfold, from 7.5 million tonnes annually in the 1960s to an average of 28.5 million tonnes during 2000–2009.Current global rice trade now stands at around 42 million tonnes.
The rice export market is highly concentrated with the top five rice exporters accounting for 80% of global rice trade. Of the five top exporters, four (Thailand, India, Vietnam, and Pakistan) are from Asia. Thailand has occupied the top spot for the most part of the past four decades. In 2015, Bangkok based Thai Rice Exporters Association reported India replaced Thailand as world’s largest exporter of rice and exported 10.23 Million Tonnes in comparison to Thailand’s 9.8 Million tones. For these Asian rice-exporting countries, rice is still the most important staple and domestic food security and strategic reserve is extremely important.
Unlike the high concentration in export market, the import side is quite fragmented. The top five rice importers account for around 30% of the total trade and the top ten accounts for less than 50% of total imports. Many of the major importers, including the current top importer, China, are from Asia and account for a quarter of the total trade. The other major importing regions are the Middle East and Africa, with nearly half of the total global trade. These two are the fastest growing rice markets, with the trade volume doubling from 10 to 20 million tons in the past decade.
Types of Rice Traded
Global rice trade can be broadly divided into fragrant and non-fragrant rice. The fragrant rice market includes basmati and jasmine rice while the non-fragrant rice market includes white, parboiled, and glutinous rice. In the case of basmati trade, India and Pakistan export 100% of this rice to all parts of the world, with Middle Eastern countries as the major destinations, followed by the European Union. In the past 15 years, the global trade of basmati rice has grown from 1 to more than 4 million tons, with India capturing almost all the market expansion while Pakistan’s market share declined from 50% to less than 20% during the same period.
For the jasmine ricemarket, Thailand used to dominate with an almost 100% market share a decade ago. But, Vietnam and Cambodia have made significant inroads into the market in recent years, with Thailand’s share dropping below 50%. Vietnam has evolved to become the biggest competitor for Thai Hommali jasmine rice, with nearly 40% of the market share. But, despite its rising market share, Vietnamese jasmine still sells for a hefty discount in the market
Types of Rice available on Tradologie
Tradologie is a flexible platform on which a buyer can input his own specifications of Rice to be Procured by them. For Ease of Business, the following options are presently added
|1121||Raw/Steam/par boiled(sella)||Wand Rice/Dubar/Tibar/Mogra/Mini Mogra|
|Traditional Basmati Rice||Raw/Steam/par boiled(sella)||Wand Rice/Dubar/Tibar/Mogra/Mini Mogra|
|Super Basmati||Raw/Steam/par boiled(sella)||Wand Rice/Dubar/Tibar/Mogra/Mini Mogra|
|D.B pusa||Raw/Steam/par boiled(sella)||Wand Rice/Dubar/Tibar/Mogra/Mini Mogra|
|1509||Raw/Steam/par boiled(sella)||Wand Rice/Dubar/Tibar/Mogra/Mini Mogra|
|Other grade||Raw/Steam/par boiled(sella)||Wand Rice/Dubar/Tibar/Mogra/Mini Mogra|
Non Basmati Rice
|Sattha Rice||Raw/Steam/par boiled(sella)||Sortex/Non sortex|
|Swarna Rice||Raw/Steam/par boiled(sella)||Sortex/Non sortex|
|Samba/sona Masuri||Raw/Steam/par boiled(sella)||Sortex/Non sortex|
|HR-47||Raw/Steam/par boiled(sella)||Sortex/Non sortex|
|Sharbati||Raw/Steam/par boiled(sella)||Sortex/Non sortex|
|Sugandha||Raw/Steam/par boiled(sella)||Sortex/Non sortex|
|Common Parmal Rice||Raw/Steam/par boiled(sella)||Sortex/Non sortex|
|Other Grade||Raw/Steam/par boiled(sella)||Sortex/Non sortex|
Other than choosing the broad category of rice, the buyer can input other quality specifications such as Rice Length, Rice Whiteness, Rice Moisture, Rice Ad-Mixture Percentage (%), Rice Colour, etc.
Who can be our sellers?
Tradologie only allows verified Sellers and Suppliers who have established export credentials and Manufacturing facilities to become registered seller on the platform and that too after verifying the facilities of the seller.
The Buyer shall have the option to choose from Rice Exporters, Rice Manufacturers, Rice Miller, Rice Polishers, Rice Stockists, Rice Wholesalers, Large Rice Traders & Rice Aggregators while floating his enquiry for Negotiation
Who can be the Buyers?
Buyer on tradologie platform has to be a registered entity having credentials of Rice Import or Agri Import or be a registered Indian Rice Trader, Indian Agri Trader, Agri Wholesaler, Agri Aggregator from across the country or across the Globe.