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Largest exporter of rice in last 5 years9/28/2023 Vietnam is one of the largest rice producers in the world.Sales of Thai premium-grade jasmine rice have risen by 63% this year, benefiting from panic-buying in wealthier markets like Singapore, Hong Kong, the United States, and Canada.In 2018/19, the country produced 20.34 million metric tons of milled rice. The production of rice contributed to around 15% of Thailand’s agricultural GDP.The country is famous for growing jasmine rice that is popular across the world for its stickiness and its popcorn-like aroma. Rice is grown in all provinces in Thailand.Thailand, the world’s second-largest rice exporter last year, is lower than its previous expectation of a seven-year low of 7.5 million tonnes for 2020.Punjab, Andhra Pradesh, Uttarakhand, Uttar Pradesh, West Bengal, Tamil Nadu, Bihar, Chhattisgarh, and Orissa are the largest rice-producing Indian states.India is also the world’s leading exporter of Basmati rice, with 4.4 million tons exported in 2018-19.Rice is the staple crop in the eastern and southern parts of the country and is a significant crop in terms of national food security.Rice is India’s pre-eminent crop and is the staple food of the people of the eastern and southern parts of the country.It accounts for 20% of global rice production and is a leading exporter of rice.India is one of the largest producers of white rice and brown rice.As of 2020-21, India had the highest export volume of rice worldwide, at 15.5 million metric tons.Let’s dive deeper and get insights into the worlds’ top 10 largest rice exporting countries: In 2018-19, the top three countries for rice consumption were China, India, and Indonesia. Between 20, global rice consumption increased by over 50 million metric tons, from 437 million metric tons to around 490 million metric tons.The production of milled rice was projected to increase to over 496 million metric tons worldwide in 2020.In the last few years, the global rice supply amounted to over 700 million metric tons of milled equivalent each year.The Asian section comprises over 200 million rice fields and produces around 90 percent of the world’s rice. Paddy farming is important to these countries’ economic development. With countries such as India, Thailand, Vietnam, and Pakistan having the highest export volume of rice globally, Asia is the world’s largest rice exporting continent. And with such climatic conditions, India and Thailand became the leading rice exporting countries during 2020.Īccording to a report, the global rice market will be a USD 274 Billion opportunity by the end of 2027. It grows in moist conditions, which are common in the Asian region. Rice is a staple food crop in many countries, especially in the Asian regions from Japan in the east to Pakistan in the west.
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