If you are in the rice industry, then this is a must-read. We will take an in-depth look at the rice market in India and cover topics such as types of rice, demand, and exports. This post is not only for people who want to be rice exporters but also for those wanting to learn about the Indian rice market.
Rice is a cereal that can grow in both dry and wet environments. It is a popular food for people of Asian descent but rice consumption has been rising rapidly, especially with the increase in globalization.
If you are an aspiring rice exporter, then it’s important to gain some understanding on the Indian rice market before entering into this business venture. This post will shed light on topics such as types of rice, demand in India, and exports from India among other things.
How Rice Is Extracted?
To extract rice, the various grains are separated from their husks. Rice can be extracted manually or by using a mechanical device such as an expander mill.
The process of extracting rice is important because it separates out unwanted parts and leaves only what’s most edible for consumption. This also results in high-quality rice that has been polished, while low quality rice remains in its rough form with stains on it.
Rice Variety By Color
There are various types of rice and it is important to know the different varieties before investing in this business venture. This article will focus on three types:
Brown Rice: Brown rice, or brown grains that have not yet been processed, can be eaten raw as a whole grain. It has more nutrients than white rice because its husk remains intact with all of its traces of vitamins and minerals still inside.
White Rice: White rice, which is stripped down from any nutritional properties left by removing the husks during processing, is usually considered healthier because it lacks the fat found in other foods such as beans or meat.
Red Rice : Red rice is a type of rice that has the outer layer removed, leaving only the inner white kernel.
Rice Variety By Grain
Basmati rice is a fragrant long grain rice which is popular in India and Pakistan. Basmati has been produced for centuries, but it only gained popularity around the world during the 20th century when British colonialists introduced this type of Indian rice to Europe and North America.
Sona masuri rice is a short grain rice which is popular in East India and Bangladesh. It has an appealing, nutty aroma and strong flavour that distinguishes it from other types of rice.
Ponni rice is a long grain rice which is popular in Tamil Nadu and Kerala. It has a higher amylose content than most other types of rice, making it richer with carbohydrates but less sticky when cooked.
IR 64 Rice
IR 64 rice is a medium grain rice which is popular in Karnataka and Maharashtra. It has a hard, thin outer layer with a soft inside that cooks fast but remains firm when cooked to serve as the perfect accompaniment for curry dishes or biryani.
Navara Rice is a long grain rice which is popular in Andhra Pradesh. It has a lower amylose content than most other types of rice, making it less sticky when cooked and even easier to digest.
Mappillai samba rice
Mappillai samba rice is a long grain rice which is popular in Kerala, Tamil Nadu. It has a hard, thin outer layer with soft inside that cooks fast but remains firm when cooked and so it can be used to accompany any dish or curry.
Global Rice Market Outlook
Global rice market is estimated to be valued at USD 18.94 billion in 2015 and is forecasted to register a CAGR of around 12% over the next five years, after increasing from an annual growth rate of approximately 13% during 2014-2015.
Market demand for rice has been primarily driven by two factors: population increase as well as economic development. Population in developing countries grew faster than developed regions; this trend will continue up until 2050 when population size may stabilize or even start declining due to lower birth rates. Additionally, high GDP growth coupled with low inflation provide favorable conditions for increased consumption per capita that’s driving market demand higher.
Top 15 Rice Importing Countries
- Iran: US$1.6 billion (7.5% of total rice imports)
- Saudi Arabia: $1.4 billion (6.5%)
- China: $1.3 billion (5.7%)
- United States: $1.1 billion (5%)
- Philippines: $1 billion (4.6%)
- Iraq: $654.7 million (3%)
- Benin: $570.9 million (2.6%)
- France: $540.3 million (2.5%)
- United Kingdom: $531.1 million (2.4%)
- Japan: $489.7 million (2.2%)
- Malaysia: $452.7 million (2.1%)
- South Africa: $449.8 million (2.1%)
- Canada: $413 million (1.9%)
- United Arab Emirates: $399.8 million (1.8%)
- Germany: $375.6 million (1.7%)
Top 15 Rice Exporting Countries
- India: US$7.1 billion (32.5% of total rice exports)
- Thailand: $4.2 billion (19.2%)
- United States: $1.9 billion (8.6%)
- Vietnam: $1.4 billion (6.6%)
- Pakistan: $1.2 billion (5.6%)
- China: $1.1 billion (4.8%)
- Italy: $624.3 million (2.9%)
- Myanmar (Burma): $579 million (2.6%)
- Cambodia: $430.6 million (2%)
- Uruguay: $375.8 million (1.7%)
- Brazil: $367.6 million (1.7%)
- Netherlands: $307.4 million (1.4%)
- Belgium: $271.4 million (1.2%)
- Paraguay: $226.7 million (1%)
- Spain: $207 million (0.9%)
Inferior Quality – Inferior quality rice is often sold mixed with higher quality rice. It includes poorer quality grains that are not as plump, have spots on them or contain more broken kernels.
Bad Packaging Practices – Rice are usually packed in jute bags or pp packaging. Sometimes jute bags are prone to damages while transporting. Storage must take place under dry conditions which provide protection against infestations with weevils, bugs and other pests.
Butter Rice Recipe: In a wok, heat half the butter and add one tablespoon of cinammon powder. Add chopped onions and fry till golden brown. Now pour in two cups of cooked basmati long grain rice. Stir well with salt to taste, cover it for five minutes on low flame then stir again before serving hot.
Curry Rice Recipe: Fry onion little bit until transparent and add curry leaves along with ginger-garlic paste without oil, stirring continuously for few seconds; now gradually pour in water sauteing till soft adding coriander powder, turmeric powder and red chili flakes at last stage (adding any other spice is optional). Mix together boiled potatoes cubes after frying them in
Khichdi Recipe: In a pan heat ghee or butter then fry onion and green chili together (optionally) until browned; now pour in boiled vegetables along with rice and dal/lentils of your choice. Add salt as required but remember not to overdo this step because there will be more spices added later which may make food spicy. Stir well before covering it tightly for ten minutes
India produces and consumes more rice than any other country in the world. The export of rice from India is also significant, with a large percentage going to Iran and Bangladesh as well as some destinations outside Asia such as Canada. Temple Mart has been exporting Indian Rice for decades and we would be happy to provide you with all the information about our company that you need including details on how we can ship your order anywhere in the world! Contact us today if you have questions or want to place an order.