Rice Industry Overview and Outlook
-China ―Brazil
RICE | GLOBAL INDUSTRY
EXPORTERS | CHANGING TRENDS OR KEEPING UP STABILITY?
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•
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On an overall level, global rice trade volume
has remained largely stable in CY20 at
~43mln MTs (CY19: ~43.4mln MTs), despite
the outbreak of Covid-19 pandemic. This is
supported by increased demand from the
African region and panic buying of rice.
stocks to avoid shortages under lockdown
situation.
On Country Level, Indian Rice Export
rebounded to touch ~12mln MTs in CY20
after witnessing a dip of over 2mln MTs in
CY19. The growth is majorly taken from
Thailand rice share, which has suffered over
the last couple of years on the backdrop of
water shortages.
Myanmar and China are also emerging as
COUNTRY WISE EXPORTS (MLN METRIC TONS)
-India
-Thailand
14
12
10
10
8
6
4
2
Vietnam Pakistan
Burma
global rice exporters
*
CY16
CY17
CY18
CY19
CY20*
Source: USDA
9
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