More than 3.5 billion people worldwide, particularly in Asia-Pacific, where 90% of the world’s rice is consumed, are being impacted by rising rice prices because of declining production in nations like China, the U.S., and the European Union.
Zimbabwe has plans to exponentially increase the production of rice with Japan’s assistance by facilitating the adoption of hybrid varieties of the commodity that increase yields.
Japan’s Contribution
JICA (Japan International Cooperation Agency) will provide Zimbabwe with rice varieties that are adapted to the country’s climate.
The largest country by area in Mainland Southeast Asia is the Republic of the Union of Myanmar (also referred to as Burma until 1989). Laos and Thailand border it to the east and southeast, China to the northeast, Bangladesh and India to the northwest, the Andaman Sea to the south, and the Bay of Bengal to the southwest.
Located in Asia, India is the second largest producer of rice in the world. It is also the leading Rice Exporter with a mammoth 40% share in the global rice trade. RICE is the major food-crop which remains in high demand throughout the year. Indian basmati rice is famous for its fine quality and fragrance. Thus, it is procured in large quantities globally.
Online B2B ecommerce platforms have brought a new sunrise in the life of small agro commodities traders till now trading agro commodities in usual traditional manner. B2B platforms are taking care of many issues that small agro traders usually face in agricultural commodities trading while trading the traditional way. Let us take a look at latest developments in agro commodities market and the difficulties faced by small agro traders in India on account of those developments:
Rice is one of the world’s foremost food crops for humans, particularly in Asian countries. Top 5 rice-consuming countries in the world during 2020 are from Asia.
Rice is the third most grown crop in the world? The only two crops produced more than rice are maize (corn) and sugarcane. It grows in moist conditions, which are common in the Asian region.
Starting a rice export business requires few certifications and a good quality rice supply, but sustaining the success is comparatively tougher than other sectors. It requires more than just fine dining, an excessive study of different parameters. In the rice export from India speed and convenience contribute to the demand and supply, not just a good customer base. If you understand the most important key factors affecting Indian rice exports, you are more likely to have a seamless rice export cycle than your counterparts.
