World’s largest rice exporter, India, commands about 40% of the global rice trade and is followed by Vietnam and Thailand in terms of rice exports.
Despite kharif output being lower, India will likely benefit from a record-high crop this season through June. In comparison to last year’s 130.5 million metric tonnes (MMT), the Ministry of Agriculture estimates that 130.83 MMT of rice will be produced this year.
Rice is the staple food of many countries. It is widely used in a variety of dishes. The Asian nations are the leading producers of rice in the world. Owing to favorable weather conditions and fertile soil, Asian countries like India and Pakistan are the leading Rice Exporters around the world.
India is the largest rice exporter in the world and commands 40% share in the global rice market. Ranking behind India, Vietnam is the second largest rice exporter in the world.The post-covid effects, climatic uncertainty, and the unrest in Russia and Ukraine have all contributed to increased global demand for rice.
India is the largest rice exporter in the world and commands about 40% of the global rice trade.
Due to weaker baht and demand, Thai rice export prices fell in the current week to their lowest levels in more than a month, while Indian rates held steady near their highest levels in roughly two years due to strong buying. Prices for Thailand’s 5% broken rice, identified by the code RI-THBKN5-P1, were quoted at $460 to $465 per tonne, down from $480 to $490 in the previous week.
Located on the Indochinese land of Southeast Asia, Cambodia is the land of great rivers and plains. The country is situated between the river trade route and overland joining India to China and Southeast Asia. As per the Ministry of Agriculture of Cambodia, agriculture is the primary pillar of the economy contributing around 24.4% to the country’s GDP in 2021.
