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Know About India’s Rice Trade

Learn About India's Rice Trade

Rice holds a cherished place in India’s culinary heart. It’s not just a food; it’s revered as “anna” and is the main ingredient of millions of people’s regular meals. Apart from being an essential part of the daily diet, rice also has social and cultural significance. In our previous blog, we explored India’s top 10 rice-producing states. Today, let’s delve into the business side of this beloved grain. We’ll uncover the best-selling rice varieties, look into the global rice trade, and understand India’s role in rice imports and exports.

Best-selling rice varieties in India

Besides being used in traditional meals, rice is also used in rice flour, flakes, bran, noodles, and more. Over 20 types of rice varieties are grown in India including mogra rice, bamboo rice, wild rice, black rice, red rice, basmati rice, jasmine rice, red cargo rice, indrayani rice, arboreal rice, valencia rice, purple Thai rice, bomba rice, sona masuri, and samba rice. However, when it comes to trading, the following rice varieties are the best-sellers in India.

Basmati rice:

It is one of the major rice varieties grown mainly in North India and is known for its aroma, long grains, and unique taste.

Sona masoori rice:

This rice variety is named so because of its beautiful deep yellow colour. Hailing from the western regions of India, it is a local treasure, cherished for its distinctive flavour.

Sela rice:

This rice variety stays whole and hearty, even after it’s cooked. Sela rice is a popular choice all across the country because it’s easy to cook and works perfectly for a variety of dishes.

Sweet rice:

Sweet rice is a special variety that is naturally sweet. It is grown with care in the beautiful Pushkar region and finds a special place as ‘Prasad’ in religious offerings.

The global exchange of rice

Rice is not just loved in India; it’s a global favourite, with a sprawling worldwide industry. Some of the major rice-producing countries include China, India, Indonesia, Bangladesh, Thailand and Vietnam. In these nations, growing and producing rice is a vital part of their economy. Different types of rice varieties are produced in these countries and are exported following strict quality standards and guidelines.

India’s rice import-export trade

India stands tall as a significant rice-producing nation. The import and export of rice is particularly prominent here. India’s rice basket includes various types like basmati, sona masuri, sela, and more, which find their way to dinner tables around the world. Indian rice has earned a reputation overseas for its top-notch quality, delightful taste, and diverse range. Apart from this, the country also imports various exotic rice varieties, used in many cuisines. When it comes to rice trade on a global scale, it’s worth noting that China, the European Union (EU), and Mexico lead the way as the top three rice-importing nations, while the United States, Brazil, and Argentina are the top rice exporters worldwide.

In India, over the past year, the retail price of rice has surged by 11.5 percent. In fact, for the last three months, the price of rice has been on a steady rise. Faced with this situation, the Government of India has implemented stringent measures to curb its escalating prices. In a significant move, the Central Government has imposed an export ban on all types of rice, excluding Basmati. This decision aims to support domestic supply and maintain stability in retail rice prices.

Now that we’ve got a grasp of the rice trade scenario in India, let’s introduce you to a handy application that can help you sell your grain products from any corner of the country at competitive prices. It’s called ‘Bijak Vyapaar’. With its ‘Price Trend’ feature, you can track the rate movements of grains over the past few days and make informed decisions for your trade. Don’t wait, go ahead and download the ‘Bijak Vyapaar’ app today to optimize your grain business.

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