Thailand and Vietnam Compete for Top Spot in Rice Exports
Published on: May 9, 2024.
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India Remains Top Rice Exporter, but Faces Export Restrictions
Recent statistics for the first quarter of 2024 have shown that India continues to be the largest rice exporter, despite a 28.1% decrease in export volume compared to the previous year. According to the Trade and Export Analysis (TREA) report, India exported 4.3 million tonnes of rice during this period.
Thailand secured the second spot with an increase in export volume by 19.4% year on year, reaching 2.46 million tonnes. Vietnam followed closely with 2.18 million tonnes, experiencing a growth of 17.7% compared to the previous year. Pakistan also saw a significant increase of 68.5% in its rice exports, reaching 1.98 million tonnes. The United States witnessed a substantial export growth of 90.5%, reaching 800,000 tonnes of rice.
However, India’s rice exports may face further decline in the coming months. Mint.com, a local Indian media outlet, reports that the Indian government plans to impose additional export restrictions to control escalating domestic rice prices. The average retail price of rice in India has surged by 13.1% year on year, prompting the government to take measures to assist domestic consumers. The government’s decision is largely influenced by the upcoming general election, with results set to be announced in June.
Experts in the industry predict that India might reduce its export limitations on white rice and steam rice, which are currently restricted to 25% and 15% of domestic output, respectively. The potential reduction could bring the restriction down to 5% to ensure an adequate rice stock for domestic consumption.
Despite the challenges faced by India’s rice export industry, the country continues to hold the top position as the largest rice exporter in the global market. However, the impact of export restrictions and rising domestic rice prices will undoubtedly have an effect on India’s future export performance.
Rice Exporters from Pakistan
If you are interested in learning more about rice exporters from Pakistan, you can visit hasrice.com for more information. They offer a wide range of rice products and are one of the leading rice suppliers in the region.
White Broken Rice
For those specifically interested in white broken rice, brokenrice.com is the go-to website. They provide detailed information and a variety of options for purchasing white broken rice.
