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Request for Real Time Rice Prices: https://www.procurementresource.com/resource-center/rice-price-trends/pricerequest
Rice is made from the seeds of the grasses Oryza sativa, commonly referred to as Asian rice, or the less common Oryza galberrima (African rice). For more than half of the world’s population, particularly in Asia and Africa, domesticated rice serves as their principal source of food.
The third-highest global production is for rice, behind corn and sugarcane. It provides more than a fifth of the calories people throughout the world consume. The largest food crop in terms of calories consumed and human nutrition is rice.
Through cultivation, rice is made. There are various phases involved in growing rice, including seed selection, preparation of the soil, the establishment of the crop, control of water, nutrients, crop health, harvesting, and post-harvest procedures. Depending on the variety, the rice crop generally reaches its maturity in 105-150 days
The top-producing countries of rice are India, Thailand, Vietnam, Pakistan, the United States, China, Burma, and Cambodia.
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 forecast, pricing database, and analysis can prove valuable for the 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:
The main factors impacting rice price trends are human consumption and a few additional industrial uses. Livestock can be fed milled rice leftovers like finely powdered starch and bran.
Its oil can be processed further for use in food and industry. For brewing, distilling, and manufacturing starch, broken rice is required. The hulls of rice can be used for packaging, fertiliser production, industrial grinding, and fuel production.
Additionally, it is used in cosmetics and personal care items.
Key Market Players:
- DuPont de Nemours, Inc
- Cargill, Incorporated
- Wilmar International Ltd
- Doguet’s Rice Milling Company
- Randall Organic Rice
News and Events:
- September 23, 2022: The Saginaw Chippewa Indian Tribe is starting a project to replant wild rice, according to the EGLE director who visited Tawas Lake.
- September 21, 2022: Considering restarting previously halted foreign rice exports to India due to restrictions put in place at the beginning of the month by the largest grain exporter in the world.
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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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