Rice Industry Overview and Outlook slide image

Rice Industry Overview and Outlook

RICE | GLOBAL INDUSTRY SNAPSHOT Rice is the staple food for more than half of the world's population with almost ~500mln MTS of milled rice produced annually at a global level. Rice is mostly grown and consumed in the Asian Region. China is the largest consumer of Rice, while India is the largest exporter, accounting for nearly 30% of rice trade. There are numerous types of rice produced worldwide. Based on where it is grown, rice can be categorized in the following categories: Indica: Grown in tropical and sub-tropical regions and accounts for approx. ~75% of the global rice trade. (Pakistan's IRRI rice belongs to this category). Aromatic (Jasmine & Basmati): Grown majorly in Thailand, Vietnam, India and Pakistan. It accounts for ~16%-18% of the World Rice Trade. Japonica: Grown in Regions with cooler climates and accounts for ~5%-6% of global trade. ✰ Glutinous: Majorly grown in Southeast Asia, and contributes to the remaining share of world trade. 1 PACRA
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