There are more and more rice companies established in the market, which raises the competition in this industry. The following rice companies have gained traction and reached a large group of worldwide customers.
- 1 Basic information about rice companies
- 2 Top 7 rice companies
- 3 Factors affecting the wholesale price of rice companies
- 4 A guideline to work well with rice companies
Basic information about rice companies
There are two types of rice companies that are established in the rice industry nowadays. First, direct rice companies are companies that directly join in cultivation, production and distribution. They are mainly located in agricultural countries having big planting areas like Vietnam, Thailand, India. The second type is indirect rice companies, which are intermediaries investing in technology and quality, so their products seem expensive.
Leading products of rice companies
Rice companies across the world are focusing on producing some types of rice to serve the majority of customers.
|Long grain rice||Medium and short grain rice||Aromatic rice||Glutinous rice|
|Features||The grains are light, dry, and readily separate||The grains are moist, soft, and slightly chewy||The grains have a delightful fragrance and a sweet taste||The grains are starchier, stickier, and shorter|
|Wholesale price||ST rice: 800 – 900 USD/MT
India parboiled 5% rice: 360 – 373 USD/MT
|Japonica rice: 580 – 660 USD/MT
Calrose 4% broken rice: 823 – 827 USD/MT
|Basmati rice: 1075 – 1231 USD/MT
Vietnamese jasmine rice: 528 – 532 USD/MT
| Vietnam’s glutinous rice: 501 – 570 USD/MT
Thai glutinous rice: 840 – 1064 USD/MT
|Importing markets||South Asia, Southeast Asia, the Middle East||Korea and Japan||Philippines, Ghana, Ivory Coast||China, Malaysia, and the Philippines|
Almost all rice companies supply long grain rice because this is the most common rice variety, accounting for 75% of global rice trade. However, each market prefers a different type of rice, so importers should consider rice companies carefully. Laos, for example, is a glutinous rice producer, with glutinous rice accounting for more than 85% of the country’s total rice production.
Where are rice companies across the world?
Rice companies are present all over the world but mainly located in Asia because this region possesses many advantages to plant rice.
The three largest rice exporting countries in the world are located in Asia, namely India, Vietnam and Thailand. India could account for up to 45% of total global rice exports in 2021. Indian rice companies export up to 22 million tons of rice in 2021. Meanwhile, the Thai rice industry has rice production reaching 17 million tons, and regards Vietnamese rice manufacturers, rice exports had a successful year when selling 6.24 million tons, earning nearly 3.29 billion USD, export price increased by 5,5% compared to 2020.
Africa is currently a market with high demand for rice, especially in West Africa due to insufficient rice production, especially in years of natural disasters, crop failures, political instability or epidemics. For example, Algeria does not produce rice, so this item is almost 100% imported. Rice production by rice companies in Africa reached 15.4 million tons in 2016/2017, accounting for only 3% of global production.
Rice is a major cash crop in the US and Brazil, as well as a staple food in regions of Central and South America. Rice cultivation practices vary significantly across the region, owing to a variety of agroclimatic conditions. In the US, most rice is irrigated, although rainfed rice is popular in South America. 2.95 million tons of rice were exported from the US in 2020/2021. With little over 851 thousand tons of rice imports in 2019, Mexico was the biggest destination for U.S. rice companies. Rice cultivated in the United States was also shipped to Haiti and Japan.
Top 7 rice companies
If you want to buy rice in bulk, here are some reliable rice companies worth considering. They achieve several striking accomplishments and are trusted by many customers.
Amira Basmati Rice
Amira is one of the leading basmati rice companies with a market both within and outside of India. It sells its products in over 60 countries throughout the world. Its Amira Nature Foods Ltd product is packed in Haryana, while the manufacturing and headquarters are in New Delhi, respectively. This brand has received numerous honors, including the APEDA award, the FIEO prize, and many others.
K-Agriculture Factory is a pioneer among numerous Vietnamese rice companies, with the potential for strong growth. K-Agriculture Factory exports many types of rice such as jasmine rice, ST rice, long-grain rice and japonica rice to over 80 countries worldwide. Customers trust this supplier because of the fair price, well-designed packaging, and good cargo handling. Its milling capacity is 2500 MT/day, and its storage capacity is 400000 MT. In addition, K-Agriculture Factory had HACCP and ISO certifications.
Thai Hua Co.Ltd
For more than 50 years, Thai Hua (2511) Co., Ltd. has been in the rice exporting business. This company exports up to 500,000 tons of rice annually, making us one of Thailand’s top five rice companies. Thai Rice has been shipped to customers in 53 countries across the world. Thai Hua has 18 warehouses and companies on a 20-acre plot of land along the Chao Praya River in Prapadaeng, Samutprakan province. The complex contains a private deepwater wharf that can accommodate big commercial vessels, high-tech machineries that meet international standards, and quality employees that pay attention to every stage of the manufacturing process.
MAHAVIR RICE Mills
MAHAVIR RICE Mills was founded in 1985 with the goal of bringing the fragmented basmati rice to the world. In a short period of time, it has developed to become one of the industry’s major rice companies and exporters. Mahavir rice mills have supplied all top overseas buyers and are currently supplying key bulk rice importers in SAUDI ARABIA, UAE, IRAQ, KUWAIT, MERSIN, UK, YEMEN, and the US. Aromatic, long, slender, and sweet-tasting Basmati rice are their key products.
Gia International Company
One of the largest rice companies in Vietnam is Gia International Joint Stock Company. Gia International was founded in 2008 and has grown to become one of the main Vietnamese rice suppliers in the sector of rice production and export over the last ten years. The total yearly output of exports is expected to be 300,000 tons. More than 30 countries and regions throughout the world import and use the company’s products. It has ISO 22000 – 2005 and HACCP certifications for food safety and hygiene management.
Krblrice, one of the world’s leading basmati rice companies, owns the India Gate rice brand. KRBL Limited has established itself as the main contributor in the Indian rice market as well as India’s first integrated rice corporation, with over a century of industry experience. KRBL’s product line has evolved and extended over time, pleasing customers across the world. Its existence in a consumer-driven business necessitates the consumption of healthful, well-balanced meals. With a significant presence in India, it seeks to extend its market share while also reaching out to new international markets.
Gautam General Trading LLC
Gautam General Trading LLC is one of the UAE’s leading wholesale rice companies, with 76 years of expertise. They provide a variety of rice brands to over 1000 consumers in 50 countries. Gautam is one of the most well-known and reputable Basmati Rice trading companies in the Middle East.
Factors affecting the wholesale price of rice companies
Rice companies want to sell products at a reasonable price for customers, many factors, however, cannot be controlled, or depending on each season or period, the wholesale price varies.
- Rice supply
The wholesale price of rice companies depends on the failure of the crop or the good season. If there is a season when export prices increase, it will be beneficial for farmers, because the general trend is that farmers are gradually reducing the production of ordinary white rice with low selling prices, and switching to growing high-grade rice at high prices. Rice from Vietnam’s production continues the trend of increasing the use of high quality rice varieties to over 77%. The proportion of high-quality rice accounts for over 89% of exported rice, contributing to raising the average export price of rice from 499 USD/ton in 2020 to over 526.9 USD /ton in 2021.
- Rice demand
Rice demand directly influences the wholesale price of rice companies. The holiday season is the best example of a drop in demand for rice. Vietnam’s 5% broken rice price is quoted at 395 – 400 USD/ton, the price has decreased by about 5 USD/ton compared to a week before. The price of Thai 5% broken rice decreased slightly to 387-396 USD/ton. Traders said demand remained unchanged because the market was quiet during the holiday season. As for Indian dealers of wholesale rice, the price of 5% broken parboiled rice was recorded at 355-360 USD/ton, unchanged from last week due to reduced rice demand during the time when the markets entered the holiday season.
Exporting rice uses bulk carriers to save costs at a time when container shipping fees are very high due to the impact of COVID-19. The export price of rice decreased by 2-5 USD/ton because the freight rates for ships and containers were too high. Vietnam’s 5% broken rice is offered for sale at 405-409 USD/ton; Thus, after two consecutive sessions, Vietnam’s 5% rice price has decreased by 10 USD/ton.
A guideline to work well with rice companies
Here are some useful steps that a new importer should know to proceed with a successful order. They help reduce risks and minimize extra costs.
- Understand the laws of rice companies’ countries: To defend their rights and avoid scammers, traders should thoroughly understand the rules and requirements of their importing region.
- Find an appropriate market: Before trading with rice companies, traders should carefully evaluate which market would consume the rice products.
- Search for trustworthy rice companies: Traders should evaluate all of the elements like verification, feedback, certifications.
- Examine the rice quality of rice companies: Traders can inspect the quality of the products by requesting samples and certification from rice companies.
- Create a secure payment system: Rice trading is a high-risk activity that can cost thousands of dollars, therefore traders must set up a secure payment method to avoid being deceived.
- Sign contracts with rice companies: Before signing contracts, traders must be informed of any terms contained in the contracts. Furthermore, payments between dealers and rice companies must be split at least twice: once before delivery and once after receipt.
- Getting the cargo and providing feedback to the rice companies. Traders should thoroughly inspect the quality and quantity of the products after receiving them from the exporters. Furthermore, dealers should provide feedback to rice companies in order to proceed with the next orders.
Though rice companies are facing fierce competition in the market, they have the same goal of bringing the best rice to customers at a fair price.
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