Rice, derived from the rice plant, stands as a fundamental food grain consumed extensively worldwide, especially in Asia and Africa. As a significant agricultural commodity, it ranks third in global production, following sugarcane and maize.
Rich in carbohydrates, zinc, iron, fiber, selenium, magnesium, potassium, and vitamin B, rice serves as an exceptional source of essential nutrients. Its consumption provides sustained energy and supports blood sugar levels. Various rice varieties are cultivated and distributed extensively, with brown rice being a popular choice due to its high fiber content, promoting gut health and reducing inflammation. Additionally, red, black, and purple rice varieties are also widely consumed.
The primary importing countries for rice include the United States, India, and Vietnam, while major exporting nations comprise India, China, and Vietnam.
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Key Details About the Rice Price Trend:
Procurement Resource does an in-depth analysis of the Price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Rice Price in its latest Pricing dashboard. The detailed assessment deeply explores the facts about the Product, Price change over the weeks, months, and years, key players, industrial uses, and drivers Propelling the market and Price trends.
Each Price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of Price currencies and units and downloading of Price information as excel files that can be used offline.
The Rice Prices, including India Rice Price, USA Rice Price, Pricing database, and analysis can Prove valuable for Procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain Progress and Profitability in the business.
Industrial Uses Impacting Rice Price Trend:
Rice stands out as one of the most traditional grains employed as a primary dietary staple across numerous global regions. Beyond its culinary role, rice finds diverse applications in the commercial sphere. It serves as a crucial component in brewing and distillation processes and serves as the fundamental material for the large-scale production of starch and rice flour.
Furthermore, the hulls of rice are utilized in the manufacturing of industrial chemicals, commonly recognized as furfural, as well as in the production of agricultural fertilizers. Rice also contributes to the creation of rice bran oil, a product extensively utilized in both food and industrial applications. Renowned for its nutritional richness and notable health benefits, rice bran oil emerges as a compelling alternative to other prevalent industrial and edible oils.
Key Players:
- DuPont de Nemours, Inc
- Cargill
- Incorporated
- Wilmar International Ltd
- Doguet’s Rice Milling Company
- Randall Organic Rice
News & Recent Development
- Date: February 13, 2023- The government of India confirms to restrain overseas shipments of non-Premium varieties of Rice grains to control the local Prices and expand purchases of cereal stocks.
About Us:
Procurement Resource offers in-depth research on Product Pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, Price analysis, benchmarking, and category insights, which help in streamlining the Procurement Process for our clientele. Our team tracks the Prices and Production costs of a wide variety of goods and commodities, hence, Providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of Procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering Practices in the industry, to understand Procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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