Rice Prices, Trends & Forecasts | Provided by Procurement Resource

Rice is a food grain variety that is obtained from the Rice plant. It is a staple food, widely consumed by a large population across the globe, particularly in Asia and Africa. Rice is an agricultural commodity, the third highest worldwide Production, marked after sugarcane and maize.

Rice is an excellent source of carbohydrates, Zinc, iron, fibre, selenium, magnesium, potassium, and vitamin B. When consumed, these minerals and nutrients maintain a good amount of energy and can help increase blood sugar levels. Various Rice varieties are Produced and marketed on a large scale. One of the most Preferred varieties is brown Rice which is rich in fibres and helps to support good gut health and reduces inflammation. Other varieties, including reddish, black, and purple Rice, are also consumed on a large scale.

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The key importing countries that import Rice are the United States, India, and Vietnam. On the other hand, the key exporting countries include India, China, and Vietnam.

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 Price chart, 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.

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Industrial Uses Impacting Rice Price Trend:

Rice is one of the most conventional varieties of grain used as a staple food in many regions of the world. Apart from that, Rice has various other commercial applications. It is used as a key ingredient in brewing and distillation. It is the base material used to Produce starch and Rice flour for large-scale Production.

Additionally, hulls are used to manufacture industrial chemical, which is commonly known as furfural, agricultural fertilizers, etc. It is used to Produce Rice bran oil which is then utilized by both food and industrial usage. It is rich in nutrition and has great health benefits, hence stands as a great alternative to the other existing industrial or 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.

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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.

This release was published on openPR.