Rice Production Cost, Plant Cost Analysis 2023-2028 | Procurement Resource

 The latest report titled “Rice Production Cost Report” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Rice.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Rice production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Procurement Resource Assessment of Rice Production Process:

1. Rice Production Cost Via Seed Selection, Land Preparation, Planting, Irrigation, Harvesting, Drying and Milling: This report presents the detailed production methodology and cost analysis of rice industrial production. High-quality seeds are chosen to produce good-quality rice, and the soil is prepared by tilling along with leveling for cultivation. The seeds are planted directly, or transplanted, and proper irrigation and nourishment are maintained. Further, the grown rice crop is harvested and dried. After drying, the grains are milled to remove the husk, and the upper layer to produce rice.

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Product Definition:

Rice, scientifically labeled as Oryza sativa, stands as a dietary cornerstone for almost half the global population, notably in East and Southeast Asia. This versatile cereal grain and grass variety can be prepared by boiling or ground into flour, serving as a fundamental ingredient across numerous cuisines. Following its harvest, the rice kernel is enveloped by a hull or husk, typically separated during milling along with the bran layers. In certain instances, a lustrous sheen is imparted to the kernel by applying a coating of glucose and talc. Brown rice, which retains its husk, carries around 8% protein along with modest fat content. It serves as a notable source of thiamine, niacin, riboflavin, iron, and calcium. Conversely, white rice, stripped of both bran and husk, holds fewer nutrients since these parts harbor many vitamins, minerals, and essential elements found in rice.

Market Drivers:

Rice enjoys widespread consumption globally, particularly in Asia, where it constitutes nearly 90% of both production and human consumption. More than half of the world's population relies on rice as their primary dietary staple, with major consumption hubs situated in Asia, sub-Saharan Africa, and South America. Projections indicate an expanding rice market, driven by the burgeoning food and restaurant sectors, technological advancements in rice milling machinery, and appealing packaging strategies in emerging markets. There's a rising demand for specialty rice variations, such as long-grain varieties, propelling market expansion. Moreover, shifts in consumer habits and dietary preferences are catalysts for the rapid growth of the fast-food industry, anticipated to significantly bolster market dynamics.

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