India remains the largest exporter of rice in the world, while the Sub-Saharan African region imports the most rice. This represents a 0.23 increase in global production. Similarly, Pham Thai Binh, general director of Trung An High-Tech Agriculture Joint Stock Company, reveals that since the beginning of the year, the firm has continuously won bids to ship rice to Asian countries and the EU.īinh added that Trung An rice is now being traded at the relatively high level of over US$578.5 per tonne. By the end of 2022, it is estimated that about 515 million tons of rice will be produced worldwide. Nguyen Van Thanh, director of Phuoc Thanh IV Trading and Production Co., Ltd, says his firm has recently turned to exporting fragrant and high-quality rice, adding that along with traditional Asian markets, the company has is seeking to reap benefits from the EU-Vietnam Free Trade Agreement - EU (EVFTA). ![]() Rice exporters have gradually begun to shift their proportion of white rice varieties to high-quality fragrant rice, while simultaneously focusing on high-end markets such as the EU, the US, and Japan. Vietnam is anticipated to become the world’s third largest rice exporter next year with an estimated export volume reaching 6.3 million tonnes, according to the projection made by the United States Department of Agriculture (USDA). This decrease is attributed to the local rice industry’s shifting from quantity to quality, with a specific focus on improving the value and brand of Vietnamese rice among in international market. NEW DELHI, July 20 (Reuters) - India on Thursday ordered a halt to its largest rice export category in a move that will roughly halve shipments by the world's largest exporter of the grain. In line with the rice industry restructuring scheme until 2025, Vietnam is aiming to export approximately five million tonnes annually. People in India are paying 11.5 more for rice than a year ago, according to its ministry of. In contrast, Colombia, Ecuador, India, Iraq, Madagascar, the Philippines, Sri Lanka, the US, and Vietnam are all projected to record a lower output.Īfter two consecutive years of maintaining its position as the world’s second largest rice exporter, Vietnam will rank third in terms of global rice exports next year, behind India and Thailand. India is the world’s largest rice exporter, accounting for more than 40 of global shipments. Most notably, Bangladesh, Malaysia, Cambodia, China, the Ivory Coast, the Republic of Korea, Paraguay, Taiwan (China), and Thailand will all witness rises in their respective rice output. ![]() The report details that the global rice output in the 2021 - 2022 crop will hit a record high of 505.4 million tonnes of milled rice, an increase of 1.9 million tonnes compared to the 2020 - 2021 crop. The latest forecast has recently been released as part of the USDA’s May 2021 Report about the Global Rice Outlook for 2022.
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