Rice Price Chart, Historical and Forecast Analysis Provided by Procurement Resource
Rice can be defined as the seed of the grass species named Oryza sativa, which is an Asian rice. More than half of the world’s human population, specifically in Asia and Africa, consumes domesticated rice predominantly as a staple food in the form of cereal grain. It is an agricultural product with the third-largest production globally. There are several varieties of rice and culinary preferences that vary by region. The conventional method of cultivating rice is by flooding the fields during or after the setting of young seedlings.
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China is the world’s top rice-producing and exporting country, followed by India, Indonesia, Vietnam, Thailand, and Myanmar.
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 trend, including India Rice price, USA Rice price, pricing database, and analysis 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:
Rice is predominantly used by a large base of consumers across the globe as an important part of their diet. The derivatives from rice milling, such as bran and rice polish, which is finely powdered bran and starch, are at times utilised as livestock feed. Oil is extracted from the bran for both food and industrial applications. In addition, cracked rice is utilised in brewing, distilling, and in the production of starch and rice flour. Moreover, hulls from rice are employed for producing fuel, packing material, grinding for industrial purposes, manufacturing fertilizer and an industrial chemical known as furfural. The straw from the rice harvest is utilised for livestock and other bedding, roof thatching, mats, garments, packing of materials, and as broom straws.
- DuPont de Nemours, Inc
- Cargill, Incorporated
- Wilmar International Ltd
- Doguet’s Rice Milling Company
- Randall Organic Rice
News & Recent Development:
- March 15, 2022 – A functional ingredients producer, Beneo, announced a 50% hike in the manufacturing capability at its plant based in Wijgmaal, Belgium, to help meet the increasing demand from rice starches consumers.
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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Reference Link – https://researz.com/rice-price-chart/