![]() ![]() India's 5% broken parboiled variety hovered near a five-year peak at $421-$428 per metric ton. India is the worlds biggest exporter of rice which accounts for more than 40 of global rice shipments and it. Vietnam's 5% broken rice was offered at $515-$525 per metric ton - its highest since 2011. Recently, India has banned exports of broken rice and imposed a 20 duty on exports of non-Basmati rice except for parboiled rice to boost domestic supplies amid a fall in area under the paddy crop in the current Kharif season. Rice Policy Global Rice Production and Trade Rice is the primary staple food for more than half the world's populationwith Asia, Sub-Saharan Africa, and South America the largest consuming regions. Rice Production and Trade Marketing and Use of Rice U.S. This week, prices of rice exported from Vietnam, the world's third-largest exporter after India and Thailand, soared to their highest in more than a decade on growing supply concerns due to El Nino. Home Topics Crops Rice Rice Sector at a Glance Rice Sector at a Glance U.S. The area under rice cultivation had been expected to increase after New Delhi raised the rice purchase price, but farmers so far have planted rice paddy on an area 6% smaller than in 2022. In other major rice-growing states, farmers have prepared paddy nurseries but have been unable to transplant the seedlings due to inadequate rainfall. Vietnams rice production and exports are rising. In 2021, the countries that had a largest trade value in exports than in imports of Rice were India (10B), Thailand (3.47B), Vietnam (2.27B), Pakistan (2.22. ![]() Today it tops 450, according to pricing in the most-traded Indian rice futures contract. Rice paddy fields in northern states have been submerged for over a week, destroying newly planted seedlings, and forcing farmers to wait for waters to recede so they can replant. In the past 30 years, Vietnamese rice has been exported to 172 countries (1989-2021). In September of last year, a metric tonne of non-basmati rice in India would cost about 330 US. Heavy rain in northern parts of India over the last few weeks has damaged newly planted crops in states including Punjab and Haryana, and many farmers have had to replant. the increase in Rices year-by-year exports was explained primarily by an increase in exports to Egypt (8.16M or 108), Papua New Guinea (5.45M or 202). At the same year, Rice was the 388th most exported product in China. The ban would be effective from July 20, but vessel under loading would be allowed for exports. Exports In 2021, China exported 1.09B in Rice, making it the 6th largest exporter of Rice in the world. ![]() Other top buyers of Indian rice include Benin, Senegal, Ivory Coast, Togo, Guinea, Bangladesh and Nepal. While Thailand and Vietnam don't have enough inventories to plug the shortfall, African buyers would be most affected by India's decision, Rao said, adding that many countries will urge New Delhi to resume shipments. ![]()
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