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The Oryza sativa species is home to the cereal grain known as rice. It is a widely grown staple crop and one of the most crucial sources of nutrition for a sizeable section of the world's population. White, brown, and wild rice are just a few varieties of small, elongated grains that make up rice. It possesses several essential traits that add to its importance as a food crop.
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It has a high amount of carbs, which makes it a great source of nutritional energy. Rice is low in fat, cholesterol-free, and rich in important vitamins, minerals, and nutrients like iron and vitamin B complex. It is suitable for people with celiac disease or gluten intolerance because it is gluten-free.
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 analysis, including India Rice price, USA Rice price, pricing database, and chart 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:
One of the most popular staple crops, rice, has a variety of industrial applications in numerous industries. First, the food business intensively processes rice. White rice, a staple food for a sizable section of the world's population, is created by milling it. Additionally, it is used to make rice bran oil, rice flour, and various rice-based foods, including rice cakes and snacks. Second, rice straw, the leftover stalk from harvesting rice, has industrial uses. It can be used as a raw material to make particleboard, cardboard, paper, and packaging products. In addition to being used as bedding and animal feed, rice straw can also be burned or digested to produce bioenergy. The outer layer of the rice grain, or rice husk, is utilized as a fuel in the form of rice husk ash. It can be used to produce activated carbon, silica, and insulating materials or burned as a biomass fuel. Additionally, rice starch is taken from the grain and used to produce cosmetics, textiles, and adhesives.
Key Players:
- DuPont de Nemours Inc
- Cargill Incorporated
- Wilmar International Ltd
- Doguet’s Rice Milling Company
- Randall Organic Rice
News & Recent Development:
- 16 May 2023: PM calls for research on high-yielding, climate-resilient rice seeds- The Premier said, "High-quality seeds and sufficient water irrigation are essential for high rice yields," while speaking at the graduation ceremony of the Royal University of Agriculture, Prek Leap National Institute of Agriculture, and Kampong Cham National School of Agriculture in front of senior government officials at Diamond Island Convention and Exhibition Centre in the capital. To produce high-quality, economically viable seeds for farmers, Mr. Hun Sen urged the Ministry of Agriculture, Forestry, and Fisheries to collaborate closely with other relevant ministries and organizations. The premier gave the necessary officials the go-ahead to keep zoning for suitable agricultural crops and to provide farmers and agricultural cooperatives with technical support.
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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