As a potential market that brings potential economic benefits, many wholesalers have been exporting jasmine rice in bulk. However, there still is a vague perspective about jasmine rice wholesale price. This article will guide how to master the wholesale market with a detailed view of jasmine rice wholesale price.
- 1 Jasmine Rice Wholesale Price overview
- 2 The Differences Of Jasmine Rice Wholesale Price Between 3 Leading Exporters.
- 3 Key Factors Affecting the Jasmine Rice Wholesale Price
- 3.1 Supply Factors Affects Jasmine Rice Wholesale Price
- 3.2 Weather Factors Affects Jasmine Rice Wholesale Price
- 3.3 Disaster Factors Affects Jasmine Rice Wholesale Price
- 3.4 Demand Affects Jasmine Rice Wholesale Price
- 3.5 Logistics Factors Affects Jasmine Rice Wholesale Price
- 3.6 Political Factors Affects Jasmine Rice Wholesale Price
- 4 Top 5 Factories with Best Jasmine Rice Wholesale Price – The Biggest Supplier for Best Jasmine Rice Wholesale Price
- 5 How to Get the Best Jasmine Rice Wholesale Price?
Jasmine Rice Wholesale Price overview
Jasmine rice, one of the most favorable types of aromatic rice with a high export value, with three distinct types: Vietnamese jasmine rice, Thai jasmine rice, Cambodian jasmine rice. With the increasing demand for jasmine rice, its supply market benefits from a growth in the number of wholesalers.
Jasmine Rice Wholesale Price Current Market
The economic potential of the wholesale market for the jasmine rice industry is very high, as evidenced by the recent jasmine rice wholesale price.
Vietnamese Jasmine rice wholesale price is 500.0 USD/MT – the cheapest among the 3 leading exporting countries (August/2021 – FAO)
With the largest supply, Vietnam jasmine rice is always the country with the most reasonable rice price.
With more limited supply, prices of jasmine from Cambodia and Thailand are respectively 683.8 USD/MT and 697.5 USD/MT, higher than Vietnam wholesale price.
Because the supply is scarce, the wholesale price of jasmine rice is always the highest priced country.
In general, jasmine rice is a high-class, widely used, and potential industry with significant economic potential. As a result, with the current jasmine rice wholesale price, rice wholesalers may gain huge profits.
Jasmine Rice Wholesale Price In 2021 compared to Jasmine Rice Wholesale Price In 2020
Below is a table of comparative figures in jasmine rice wholesale price 2020 from April to August and 2021 price from April to August (FAO)
The highest jasmine rice wholesale price in 2020 is Thai jasmine rice at 1146.5 USD/MT, 302.7 USD/MT higher compared to the highest jasmine rice wholesale price in 2021- which is 843.8 USD/MT.
Due to the reasons of political instability, limited supply, and difficult weather conditions, the wholesale price of Thai jasmine rice has always remained in the top 1. However, the price difference between 2020 and 2021 has shown Thailand is gradually having to meet the financial conditions of customers during the current pandemic.
However, 2020 saw the lowest wholesale price at 471.8 USD/MT, while the lowest jasmine rice wholesale price in 2021 was 496.0 USD/MT over the same period last year.
Although still maintaining the highest position, the Thai jasmine rice wholesale price shows a decreasing trend, while Vietnam jasmine rice has an increasingly high export value.
The Differences Of Jasmine Rice Wholesale Price Between 3 Leading Exporters.
Vietnam, Thailand, and Cambodia are the top 3 exporters of jasmine rice. However, the wholesale price of jasmine rice varies from country to country.
Jasmine Rice Wholesale Price In Vietnam
In general, jasmine rice wholesale price from rice suppliers in Vietnam in 2021 decreased by 4.0% compared to the same period in 2020 with the highest price of 536.3 USD/MT and the lowest being 496.0 USD/MT.
Due to the impact of Covid as well as Vietnam limiting rice export output, it is expected that Vietnam jasmine rice wholesale price will continue to increase in the last quarter of the year.
Despite witnessing the price increase, the jasmine rice wholesale price in Vietnam compared to jasmine rice wholesale price in Thailand and Cambodia is extremely cheap, ideal for jasmine rice wholesalers.
Jasmine Rice Wholesale Price In Thailand
Based on the chart, the Thai jasmine rice wholesale price in 2 years has changed significantly.
Thai jasmine rice wholesale price in 2020 is all over USD 1000.0/MT, 32.3% higher than the price of jasmine rice in 2021.
Thai rice price 2021 witnessed great fluctuations with the highest being 843.8 USD/MT and the lowest being 697.5 USD/MT.
However, due to political instability and the tension against the epidemic, Thai rice prices are expected to increase again in the last 4 months of the year.
Because of the high price, Thailand is not very popular for wholesalers, except for some high-end markets.
Jasmine Rice Wholesale Price in Cambodia
Cambodia Jasmine Rice Between 2021 and 2020
As a country with moderate jasmine rice wholesale prices, Cambodia has also seen changes in rice prices over the past two years.
In 2020, Cambodia’s highest rice price is 920.0 USD/MT, 132.0 USD/MT higher than the highest price in 2021 – 788.0 USD/MT.
The lowest price in 2020 is 860.0 USD/MT, 176.2 USD/MT higher than the lowest price in 2021- 683.8 USD/MT.
Witnessing a 20.5% decrease in the total jasmine rice wholesale price, Cambodia is on a downward trend because export policies are increasingly relaxed and have not suffered too much damage from Covid.
However, Cambodia is not the favorite choice of wholesalers because Cambodia jasmine rice does not really have outstanding characteristics.
Key Factors Affecting the Jasmine Rice Wholesale Price
With the price fluctuations, there are many reasons for the jasmine rice wholesale price change so drastically in each country.
Supply Factors Affects Jasmine Rice Wholesale Price
Supply is one of the leading factors affecting jasmine rice wholesale price. The more the supply, the lower the price, the more scarce the supply, the higher the price.
Weather Factors Affects Jasmine Rice Wholesale Price
Weather is the 2nd factor affecting the jasmine rice wholesale. The more favorable the weather, the less volatile the price.
For example, with the impact of natural disasters when planting rice, the supply will be scarce, causing the price of rice to go up.
Disaster Factors Affects Jasmine Rice Wholesale Price
Disaster factors are also taken into account for the change in jasmine rice wholesale price.
The more natural disasters the country encounters during the growing season, the higher the price of rice will be. Or on the transportation route with natural disasters, the price of rice will also go up.
Demand Affects Jasmine Rice Wholesale Price
Demand is also a factor affecting the price of wholesale jasmine rice. If the supply increases, the price of rice will decrease, if the supply decreases, the price of rice will increase.
Logistics Factors Affects Jasmine Rice Wholesale Price
The more convenient and easy the transportation, the cheaper the price of rice.
During the current Covid epidemic, the transportation of all countries is facing many difficulties. Moreover, on the way, you may encounter pirates.
Therefore, most rice prices are currently being inflated quite high, especially in Thailand.
Political Factors Affects Jasmine Rice Wholesale Price
Politics is also one of the factors affecting the jasmine rice wholesale price. The more politically stable the country is, the more rice prices do not fluctuate.
For example, currently, Thailand is having political instability, the country is not stable. Therefore, the supply may decrease by 30% to 70%, from which the jasmine rice wholesale price will surely increase.
Top 5 Factories with Best Jasmine Rice Wholesale Price – The Biggest Supplier for Best Jasmine Rice Wholesale Price
As one of the very profitable industries, more and more factories with reasonable jasmine rice wholesale prices.
Vinafood- Vietnam Biggest Rice Factory
As one of the companies developed by a team of leading experts in agricultural products in Vietnam, with solid expertise in planting and rice varieties, Vinafood is often favored by customers who want to ensure premium quality.
Due to its high-specific plant system, it has always been a favorite of well-known wholesalers as one of the leading producers with reasonable jasmine rice wholesale prices.
K-Agriculture – The Vietnam Factory for Best Jasmine Rice Wholesale Price
Established in 1996 with the scale of a small factory, now with more than 25 years of development, sponsored by the Ministry of Industry and Trade of Vietnam, K-agriculture is one of the biggest factories in agriculture in Vietnam.
Not only is the factory supply the best jasmine rice wholesale price, but K-agriculture also produces other high-value rice such as ST24, ST25, ST 21 rice, Japonica, OM5451 rice, OM504 rice, DT08 rice with reasonable wholesale price.
The jasmine rice wholesale price is often the cheapest in Vietnam with the support of a modern machinery system and a professional working process.
Currently, K-agriculture is the most preferred factory in the rice industry by customers not only because of the quality but also because of its excellent customer service.
- Website: k-agriculture.com
- Whatsapp: +84855555782 (Ms. Grace)
Sunrise – The High-tech Cambodia Factory with Reasonable Jasmine Rice Wholesale Price
Sunrise is one of the largest factories with over 6,000 workers known for its long grain of white rice. Sunrise’s rice fields always favor users, as their rice quality is strictly censored, with an advanced farm system.
Although the system of the factory has been developed for 10 years, its customer service and working methods are always clear and quick. The orders of the plant are handled by leading experts in farming and transport products.
While Sunrise provides extremely high-quality services, it is highly reasonable to pay the jasmine rice wholesale price.
Goldencrop – A Thailand Factory for Appropriate Jasmine Rice Wholesale Price
Goldencrop is a modern factory with a history of more than 5 years standing in the Thailand market with rice products. It is not only a rice manufacturing facility but also a rice-based manufacturer, for example, rice paper.
It is also Thailand’s leading rice milling and processing company with prestigious awards, which the brand confirms on the present wholesale market. Goldencrop jasmine rice wholesale price is regularly updated, so customers will have to track it easily.
How to Get the Best Jasmine Rice Wholesale Price?
The process through which buyers can negotiate with a mill the best jasmine rice wholesale price is given below. You should follow these steps if you are a wholesaler who wants to maximize profit.
Detailed Support from Rice Experts to get the Best Jasmine Rice Wholesale Price
When you choose to work with K-Agriculture, contact Mrs. Chloe: 0855555294 ( Dealing Directly with Wholesale) to have a team of professionals to help you throughout the trading process. These are experts with certified knowledge and skills in the agricultural industry, so you can rest assured.
- Upon placing your order, you will always have experts’ support, help with product information, and how legal documents are handled. All information will be clarified and provided by e-mail. (Mrs. Chloe will help you to deal with invoice paper and give you advice if you are not familiar)
- During order production, you will be updated on the status of your goods daily. You can also contact us whenever you want to ensure product quality (This is an exclusive privilege for K-Agriculture customers).
- If you are a rice wholesaler who is planning to start the business with the best jasmine rice wholesale price, you will be helped to make an effective business plan to optimize profits by experts (This is a special privilege for K-Agriculture customers only)