Rice is the staple food of more than half of the world’s population. The increased demand for rice has led to the rise of many rice traders who are trying to reach out to buyers. Tradologie.com, one of India’s biggest e-commerce B2B platforms is helping such traders and buyers connect with each other efficiently and cost-effectively, thus helping them gain from a wider global market.
Global Rice Trade 2021-20222
The global rice export figures are presented by year, by origin country, and the major exporting countries. According to the report, in this edition of the study, the world rice trade is expected to reach new records both in terms of volume and value during the marketing year that ends June 30, 2021.
It is estimated that during MY 2020/21, world milled rice exports could reach about 43.5 million tons, up 5 percent from 41.5 million tons in 2019/20 (a record year for milled rice trade). The increase would be driven by a rise in exports from India (up 2 million tons) and Vietnam (up 0.6 million tons). Although exports from Pakistan are expected to decline slightly due to lower production, they would remain very high at 7 million tons.
In terms of value, the global milled rice export market could exceed $22 billion during MY 2020/21, up 10 percent from $20 billion in 2019/20. This would be driven by a rise in the unit price of Indian rice exported (from $355 per ton in 2019/20 to $400 per ton in 2020/21), which accounts for 60 percent of the global milled rice trade.
Rice export from India
Rice export from India 2021-2022. Rice is an important food crop and the major staple food for more than half of the world’s population. The Food and Agriculture Organisation (FAO) of the United Nations estimated in 2016 that 795 million people in the world suffer from chronic undernourishment.
The Asia region has the highest percentage of people who are undernourished (54%), followed by sub-Saharan Africa (33%).
In Asia, most undernourished people live in India, China, and Indonesia. These three countries together account for 60% of all undernourished people in Asia and the Pacific region.
According to FAO, due to high levels of poverty, many developing countries import rice as a basic food commodity to meet their domestic demand. This results in higher dependence on rice imports which makes these countries vulnerable to sudden price increases or supply shortages.
Largest rice importing countries from India
Top rice importing countries from India in 2021-2022 based on rice production and export statistics are given below.
Rice is one of the most popular food commodities in the world. Countries around the world import rice to meet their growing domestic demand. It is estimated that 90 percent of the world’s rice trade is conducted by developing countries, which account for only 40% of global production. Many countries are net importers of rice.
Therefore, it is important to know the top rice importing countries from India to increase your export business.
India has over five Kharif and two rabi crops and produces different varieties of aromatic rice as well as non-aromatic rice. Therefore, India is one of the largest exporters of rice around the world and exports about 10 million tonnes of rice every year.
The following are top 10 countries that conduct rice import
- Saudi Arabia
- United Arab Emirates
- Kuwait and
- Sri Lanka
How Tradologie.com is helping rice exporters to expand their business?
Tradologie is an online B2B platform that provides a unique opportunity for the rice exporters to increase their reach. The company works with the aim to help the small and medium-scale enterprises to grow their business.
Tradologie has been helping many companies in India by connecting them with potential buyers worldwide. It has successfully maintained a clientele of over 500K+ buyers from all over the world.
The company also helps in showcasing Indian products to overseas markets as per their requirements. The platform facilitates rice manufacturers to sell their rice online.
Tradologie.com is India’s first international eCommerce platform that is bridging the gap between importers and exporters by providing a common platform to do business. It is helping small-time or individual rice exporters, who are not able to reach international markets due to lack of resources, to connect directly with rice buyers across the globe without any hassle.
Tradologie.com eliminates all the middlemen and provides an end-to-end solution to rice exporters so that they can enter international markets at very low cost.
Easy and simple process
Tradologie.com offers a very easy and simple process, in which sellers only have to register themselves on the website and they are ready to sell their products globally. Sellers can also set their own price for their products and buyers from across the globe can place bids.
Connects buyers and sellers from across the globe
Tradologie connects wholesale buyers and suppliers from across the globe on one single platform. This makes it easier for foreign buyers to procure quality products at a competitive price. Rice exporters can use this platform for expanding their client base and increase the sales volume by reaching out to global customers.
How Tradologie.com simplifying the rice trade
Tradologie.com, the first of its kind online trading platform in India, has been instrumental in simplifying the trade and business of the rice market. This endeavor has been possible by connecting a large number of rice manufacturing companies with traders, exporters, and importers who are looking for sourcing rice.
The rice market is always buzzing with enquiries and orders as there is an increasing demand for this food item across the globe. This has made it difficult for traders to conduct business without any hindrance as there is a lot of paperwork involved in exporting and importing this staple food item. However, Tradologie.com has provided a solution to overcome these challenges through its online trading platform that helps users to list their products, place bids, negotiate prices and make payment.