By January 15, 2015 0 Comments Read More →

Rice Market in India expected to be fluffed in 2015

India is anticipated to be the largest exporter of rice this 2015 amid growing demand expected from Middle East and African countries and competitory prices.

“In calendar year 2015, India should emerge as the largest exporter of rice — both basmati and non-basmati, said the country’s biggest exporter of rice.”

Improved production methods and surplus rice stockpiles in the country have helped gained India a competitive position in the global rice market.

 

Top 5 Countries ruling the Rice Market

China

Annual production: 202.6 million metric tonne

Global rank: 1

India

Annual production: 155.7 million metric tonne

Global rank: 2

rsz_rice-with-garlic-and-parsley-butter-steps-001

Fluffed Profits in Fluffing Rice Industry

 

Indonesia

Annual production: 65.7 million metric tonne

Global rank: 3

Bangladesh

Annual production: 50.6 million metric tonne

Global rank: 4

Vietnam

Annual production: 42.3 million metric tonne

Global rank: 5

Known brands in the Market

Chak de India Basmati Rice,  Daawat,  India Gate, Kohinoor, Lal Quila

As per All India Rice Exporters Association (AIREA), a group of basmati rice traders, Outbound shipments are expected to increase this year. MP Jindal, president of the association said,”We should see a minimum rise of 5% this year from current 4 million tonnes”

Why this expectation?

  • Rice is the staple diet of half the world’s population giving business to countless people.
  • More than 90% of the world’s rice is consumed in Asia, where people generally eat rice twice or thrice a day.
  • 3 of the world’s 4 most popular nations are rice-based societies: India, China and Indonesia.
  • Millions of the poor spend their half to three fourths incomes on rice.
  • To produce 1 kg of irrigated rice, it takes 5,000 litres of water.
  • More than 1,40,000 varieties of cultivated rice are considered as existing.
  • 65 kg of rice are milled annually for every person on earth.
  • In several Asian languages the words for ‘food’ and ‘rice’ are one and the same showing the large quantity of rice consumes there.
  • Japanese considered to be rude to leave rice in your bowl.
  • In China, instead of saying “How are you?” as a typical greeting, the Chinese ask “Have you had your rice today?” signifying the consumption and importance of rice in the state.

Let us hope the expectations go the right way! For rice distributorship business, Click here: http://www.tradeindia.com/tiny/rGU5bCtaWx

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