India’s rice exports in 2021 reached a record, which has never ever been seen in the past few years. Rice suppliers in India are certain to benefit from this accomplishment. It is undeniable that there are many merits to making rice suppliers in India prosperous.
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An overview of rice suppliers in India
Rice suppliers in India play an important role in the agricultural sector, contributing significantly to the country’s economic development, foreign exchange revenues, and employment rates.
Main locations of rice suppliers in India
West Bengal, Uttar Pradesh, Andhra Pradesh, Punjab, Tamil Nadu, Orissa, Bihar, and Chhattisgarh are now the major rice-growing states in India, accounting for 72% of total rice-producing land and 75% of total rice output. Rice suppliers in India are mainly located in these regions to facilitate transportation and processing.
Main locations of rice suppliers in India
West Bengal is India’s leading rice-producing state. Rice farming covers approximately half of the region’s arable land or around 5 million hectares of rice-growing land. Uttar Pradesh produced over 15.2 million tonnes of rice in 2023, maintaining its position as India’s leading rice producer. Rice suppliers in India always try to take advantage of this huge planting area.
Leading products of rice suppliers in India
Almost all rice suppliers in India sell basmati rice – the most famous rice of India. Besides, they also provide some other rice varieties like parboiled rice, steam rice, etc.
- Basmati rice
Basmati rice is a unique kind of rice that was found on the Indian subcontinent a few years ago. Basmati rice has a peculiar scent of pandan leaves, which gives the user a strange impression. Basmati rice has 12 times more 2-acetyl-1-pyrroline than other forms of rice. Saudi Arabia was the largest importer of basmati rice from rice suppliers in India, followed by the United Kingdom, Kuwait, and UAE. Rice suppliers in India export basmati rice at the price of 380-420 USD/ton.
Basmati rice
- Parboiled rice
Parboiled rice, also known as converted rice, gets its name because the rice is partially cooked while still in its husk. In India’s southern states, parboiled rice is particularly popular. India controlled the parboiled rice trade in 2020.
Parboiled rice
Parboiled rice is consumed in large quantities in areas of India, Brazil, and other nations. Rice suppliers in India export basmati rice at the price of 300-350 USD/ton.
Some key importing markets of rice suppliers in India
India is the world’s largest exporter of rice. India exports a variety of rice, with basmati rice being the most popular.
- Saudi Arabia
In terms of rice imports, Saudi Arabia stands at the top of the list. Saudi Arabia likewise shares its 63% rice import share with the rest of the world. Rice suppliers in India’s basmati rice is in high demand throughout the country. This is precisely why India’s government is hoping to enhance basmati rice exports through support. They are also increasing their trade missions and international involvement.
Saudi Arabia
- Iran
Iran is ranked second in the world, importing 11% of India’s total rice exports. Iran is also on the list of nations importing rice from India. In 2015, Iran was ranked as the top exporter of long-grained and fragrant rice in the world. Given the size of its population, it is possible to conclude that it has a large rice demand from rice suppliers in India.
Iran
- Some other countries
The United Arab Emirates imports from large mills in India on a regular basis, ranking third by 8.6%. In the United Arab Emirates, demand for Indian Basmati rice is increasing. Iraq purchases 6.1% of India’s total rice exports. This country also uses a lot of rice and imports high-quality rice from rice suppliers in India on a regular basis.
Some other countries
About 65% of India’s total rice exports are imported by Asian countries. Africa comes in second with 24%, followed by Europe with 7%.
Competitive advantages of rice suppliers in India
India has always remained the leading rice exporter and producer in the world. Therefore, rice suppliers in India benefit greatly from the advantages of the country and the government.
Innovation of farm practices
- Thanks to innovative technologies and ways of adapting to climate change affecting rice production, rice suppliers in India have always reaped great profits and constantly overcome difficulties encountered.
- The government of India uses digital and mobile technologies to develop agricultural information support services for farmers. In addition, the scientists also developed a mobile application “rice expert” to provide information to farmers on issues related to diseases, rice varieties, agricultural tools, etc.
- India has expanded access to cost-effective modern technologies especially agricultural biotechnology to make a big impact on production costs and prices for agricultural commodities. At the same time, applying advanced machines and tools to agricultural production helps to increase productivity.
Innovation of farm practices
Low-cost rice products
India offers low-priced rice varieties, mainly basmati rice. This is delicious rice that is the pride of India when it earns huge annual sales. With only $380/ton, developing countries in Africa or the Middle East can meet their domestic food needs.
Low-cost rice products
Meanwhile, with longer shipping distances, and somewhat higher prices such as Thai Hom mali rice for over $1000/ton or Vietnamese long-grain rice for $680-700/ton, Rice suppliers in India are benefiting because of the low cost of the product.
Factors affecting the product’ price of rice suppliers in India
Rice suppliers in India can change the price of rice products monthly, subject to domestic factors or external elements like freight rate or high demand.
- Rice production in India
Rice output reached a new high of 135.76 million tons in the 2023 crop year, up from 129.47 million tons the previous year, according to the statistics. India has so far exported 21.2 million metric tons of rice in 2022, compared to 17.7 million metric tons in 2021. With the increase in output and export, rice suppliers in India sell rice at a quite cheap price. In contrast, the supply of parboiled rice is very limited and that is why the price is going up.
Rice production in India
- Rice demand
North and West African countries are also importing from India, with Benin leading the way. It acquired 1.4 million tons of rice from India lin 2023, up from 1.17 million tons the year before. The markets of West Asia, the Far East, and Africa continue to be attracting customers. Inquiries from Latin America were also received in 2021. China continues to purchase Indian goods. China purchased two million tonnes in 2023, and the orders might be repeated in 2024. Bangladesh bought roughly two million tons of rice from India and might buy more in the next years. With the demand for Indian rice imports in large quantities, rice suppliers in India are not afraid to push prices higher, supported by a tight supply and a stronger rupee, the price of Indian rice increased.
Rice demand
- Transportation
Non-basmati rice exporters forecast that exports of this type of rice in 2022 may decrease by 10%, while basmati rice exporters, especially rice suppliers in India forecast that exports of this type will decrease by 25%. The main reason is the high shipping cost. It is known that the freight rate has increased from 50 – 60 USD/ton in early 2021 to 120 – 130 USD/ton by the end of the year.
Transportation
- Government policies
In 2024, India’s rice export landscape shifted significantly. The government initially restricted exports to keep prices down domestically, but these restrictions have now eased for both non-basmati and basmati rice. Non-basmati rice exports resumed with a minimum export price of $490 per ton, boosting global supply and potentially lowering prices worldwide as other exporters adjust.
For basmati rice, India removed a minimum price requirement, allowing exporters to reach markets in Europe and the U.S. This change could keep basmati export volumes stable despite earlier concerns over high shipping costs. These policy shifts, combined with India’s record rice harvest, should help stabilize global supply and prices.
Top 5 reputable rice suppliers in India
Here are some reputable rice suppliers in India for buyers’ reference. They have a lot of experience in exporting rice and have contributed significantly to the development of the Indian rice industry.
SHRI LAL MAHAL Group of Companies
A Star Trading House is SHRI LAL MAHAL. They are one of the most important rice suppliers in India. The premium export of the SHRI LAL MAHAL Group is basmati. The Group is now one of India’s top exporters of Basmati and non-Basmati rice, with a significant part of the Basmati and non-Basmati export pie.
SHRI LAL MAHAL Group of Companies
- Established: 1907
- Main Products: Premium Basmati rice, non-Basmati rice, pulses, herbs, spices, mineral water
- Production Capacity: Large-scale with advanced facilities and permanent barges at ports for timely export
- Export Network: Europe, U.S., Canada, Middle East, Australia
- Strengths: High-quality products, extensive export network, competitive pricing
- Weaknesses: Faces challenges with high shipping costs
KRBL Limited
KRBL Limited is a prominent player in the global basmati rice market, known for premium brands like India Gate and Doon. With an annual production capacity exceeding 1.5 million metric tons, KRBL is a leader in basmati rice production, maintaining high standards of quality and control. With a strong presence in India, it seeks to extend its market share while also reaching out to new international markets and becoming one of the best rice suppliers in India.
KRBL Limited
- Established: 1889
- Main Products: Basmati rice (notable brand: India Gate)
- Production Capacity: High, with state-of-the-art facilities for efficiency and quality control
- Export Network: International, including major markets like Europe and the U.S.
- Strengths: Market leader in Basmati rice, strong brand recognition, efficient production
- Weaknesses: Affected by global rice price fluctuations and export regulations in India
Shiv Shakti International
Shiv Shakti International is one of the leading global rice suppliers in India of premium basmati rice. They sell a variety of organic and non-organic basmati and non-basmati rice types, including 1121 basmati rice, conventional basmati, Pusa basmati, and others. They employ the greatest processing processes in cultivating pesticide-free organic rice to give healthy nutritional rice types to healthy people.
Shiv Shakti International
With a focus on meeting diverse global demands, Shiv Shakti International supplies basmati rice to markets across the Middle East, Europe, and the United States, making it a prominent player in India’s rice export industry.
- Established: 2005
- Main Products: Basmati rice, non-Basmati rice, and pulses
- Production Capacity: Medium scale, with a focus on quality control and variety
- Export Network: Broad international reach
- Strengths: Diverse product offerings, adaptable to market demand
- Weaknesses: Less established compared to older, larger brands
Muskan Overseas
Muskan Overseas is a well-established Basmati rice miller and exporter with over four decades of expertise. The company is well-known for producing, processing, distributing, and exporting a wide variety of rice across the world. The company began its adventure in 1972 when the company’s founders purchased a small rice mill and started the rice business. The Gupta family was one of the few rice suppliers in India in the early 1980s when the Indian government opened its doors to private companies.
Muskan Overseas
- Established: 2009
- Main Products: Basmati rice, non-Basmati rice
- Production Capacity: Flexible, catering to specific international demands
- Export Network: Primarily focused on competitive pricing for international buyers
- Strengths: Responsive to buyer needs, consistent quality
- Weaknesses: Smaller production scale than industry giants
From then till now, the firm has risen to higher heights in the rice market, and it is presently India’s biggest rice exporter.
Green India Rice Millers & Exporters Pvt. Ltd
Experiencing more than 27 years of foundation and development, Green India Rice Millers & Exporters is one of the most reliable rice suppliers in India with a comprehensive variety of basmati and non-basmati rice. This supplier commits to fetching the best quality of basmati rice for thousands of consumers in the world.
- Established: 1988
- Main Products: Organic Basmati and non-Basmati rice
- Production Capacity: Focus on organic, sustainable farming methods
- Export Network: Targets environmentally-conscious markets
- Strengths: Unique selling point with organic, sustainable practices
- Weaknesses: Higher costs associated with organic farming limit competitiveness in price-sensitive markets
Green India Rice Millers & Exporters Pvt. Ltd
Rice suppliers in India are increasingly gaining the trust of importers by ensuring rice quality and affordable prices. However, importers should choose reputable rice suppliers in India to order rice in bulk.
Besides, Vietnam also has many big exporters, one of which is the K-Agriculture Factory. The factory supplies high-quality rice such as Japonica, ST24, ST25, ST 21 rice, OM504 rice, OM5451 rice, and DT08 rice at reasonable prices.
To get a free consultation, feel free to contact us via:
WhatsApp: +84855555837
Email: info@k-agriculture.com
Website: k-agriculture.com
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