The Rice price index, a measure reflecting the fluctuating cost of this staple food grain derived from the Rice plant, is a crucial metric closely monitored in global agricultural markets. Renowned for its widespread consumption, particularly in Asia and Africa, Rice stands as a fundamental dietary component, rich in essential nutrients such as carbohydrates, zinc, iron, fiber, selenium, magnesium, potassium, and vitamin B.

Among agricultural commodities, Rice holds the distinction of being the third most extensively produced worldwide, trailing only sugarcane and maize. Its versatility and nutritional value contribute to its enduring popularity across diverse cuisines and cultures.

Brown Rice, esteemed for its high fiber content fostering gut health and mitigating inflammation, ranks among the favored varieties. Additionally, variations like reddish, black, and purple Rice enjoy significant consumption, further diversifying the global Rice market.

In the realm of international trade, key importing nations such as the United States, India, and Vietnam play pivotal roles in satisfying domestic demand. Conversely, major exporting countries like India, China, and Vietnam contribute substantially to meeting the Rice needs of nations worldwide.

Throughout these dynamic markets, the Rice price index serves as a vital barometer, reflecting supply and demand dynamics, production trends, and geopolitical factors that influence pricing levels, thus guiding stakeholders in making informed decisions within the Rice trade landscape.

Request for Real-Time Rice Prices: https://procurementresource.com/resource-center/rice-price-trends/pricerequest

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.

Industrial Uses Impacting Rice Price Trend:

Rice, a time-honored staple grain in numerous global regions, boasts a myriad of commercial applications beyond its culinary use. Its versatility extends to brewing and distillation, where it serves as a primary ingredient. Moreover, Rice serves as the foundational material for the large-scale production of starch and Rice flour.

Beyond food production, Rice finds utilization in various industries. Its hulls contribute to the manufacture of industrial chemicals like furfural and agricultural fertilizers. Furthermore, Rice bran, rich in nutrients and health benefits, serves as the basis for Rice bran oil, catering to both culinary and industrial needs. With its nutritional value and diverse industrial applications, Rice oil emerges as a compelling alternative to other oils on the market.

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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