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Asia-Pacific Rice Market - Growth and Trends, forecast to (2020 - 2025)

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Rice is the most consumed cereal grain globally, as the majority of the global population, especially in the developing countries of East and South-East Asia, consumes it as a staple crop. Over 70-80% of the world’s rice is produced and consumed in the Asia-Pacific region as rice cultivation is well suited to the regions with cheaper labor and higher rainfall.

Home to 56% of the total global population, the Asia-Pacific region adds 51 million rice consumers annually. In the majority of Asian countries, rice consumption will increase faster than the population. The majority of rice-growing regions are in China, India, Pakistan, Bangladesh, Indonesia, Thailand and Vietnam. China is the largest producer of rice in the world (30% of total production in 2010/11 fiscal year), followed by India (21%), Indonesia (8%), Bangladesh (7%), Vietnam and Thailand. All the rice-producing countries in the region are the net exporters of rice except for China, which produces rice for its domestic market. The major exporting countries of rice include Thailand (30% of total exports), Vietnam (20%), India (11%), and Pakistan. Unlike export, the rice import scenario is quite fragmented, with the top five importers accounting for only 30% of global imports. Rice consumption is concentrated in the Asian countries like China, India, Indonesia, Bangladesh, and Vietnam. Within rice varieties, Japonica rice accounts for around 12 % of global rice trade, followed by Basmati rice, which accounts for around 10 %. The share of the world trade is substantially increasing for glutinous rice over the past 3 years.

The drought-affected crop during 2014-15 has put a crunch on the Indian rice market. However, better monsoon forecasts, government initiative, and better farming practices are expected to result in a higher yield despite lower crop acreage. As of March 2016, Thailand, one of the largest global rice producers, is believed to sell 641,000 tons of rice from government stockpiles. While China, Indonesia, and Sri Lanka experienced a bumper crop harvest last year, the El Nino effect in Thailand, India, the Philippines, the DPR Korea and Myanmar has put a significant pressure on the global rice trade. As a whole, the sentiment for the global rice market is moderate in terms of market demand and production for the next five years.

Climatic conditions are affecting the rice production in major producing countries like India, Thailand, and Vietnam. Amidst falling domestic production, many Asian countries are already looking to raise their import quota 2016 onwards. Indonesia is expected to increase its rice purchase from that in 2012, by more than 60% to 2 million tons. Currently, China’s annual imports stand at 5 million tons, and the country is expected to continue at its current pace of buying. The onset of the summer season and the effect of the El Nino have put the world rice price at a higher end.

The Asia-Pacific rice crop market report covers the following information –

  • Crop production
  • Asia-Pacific consumption
  • Asia-Pacific trade (export-import) scenario and statistics
  • Major enterprises and traders operating in the market
  • Price trend and seasonality of the crop
  • Future outlook of the crop market

Stakeholders who would benefit -

  • Crop growers
  • Enterprises providing agricultural inputs
  • Traders and companies operating in the segment
  • Crop processing companies
  • Crop importers and exporters
  • Investors/research institutions interested in the crop market

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