Many countries depend on rice imports to serve domestic demand. Therefore, rice in bulk is concerned by a group of nations and they also and they also have many questions needed to answer such as price, supplier, and products.
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An overview of rice in bulk
More than half of the world’s population eats rice as a staple diet, with more than 3.5 billion people relying on it for more than 20% of their daily calories. Asia consumes 90% of the world’s rice in bulk, and overall rice demand continues to climb in the region. However, outside of Asia, where rice is not yet a staple, per capita consumption is increasing. Rice is the most rapidly expanding food staple in Africa, as well as one of the most rapidly rising in Latin America. Rice in bulk consumption is still high over the world, owing to population and economic expansion, particularly in many Asian and African nations.
An overview of rice in bulk
- The top five producers of rice in bulk are China, India, Indonesia, Bangladesh, and Vietnam.
- The top five exporters of rice in bulk are Thailand, Vietnam, Pakistan, US and India.
- The top five importers of rice in bulk are the Philippines, Iran, Nigeria, Saudi Arabia and Iraq.
- Some 120,000 varieties of rice exist today.
Leading products of rice in bulk
There are many varieties of rice in the market today. However, favored by the majority of the population due to its nature, aroma, and ease of digestion, basmati rice, jasmine rice, and sticky rice (specially sticky) are consumed in large quantities every year. These 3 types of rice are easy to combine with other ingredients to create delicious dishes, they also have high nutritional value and are sold at a reasonable price.
- Basmati rice
This is an Indian rice variety with long grains. Basmati rice is nutty and fragrant, and it is often compared to Jasmine rice. Basmati rice is exclusively exported in bulk by Pakistan and Indian rice suppliers. In 2019, India accounted for 85% of basmati exports or 7.2 million tonnes. In bulk, Pakistan exported around 2.7 million tonnes of basmati rice. Furthermore, Pakistan’s export prices of basmati rice in bulk are lower than India’s, at 970 USD/MT and 1104 USD/MT, respectively.
Basmati rice
- Jasmine rice
Jasmine rice is a fragrant rice variety that is mostly grown in Thailand, Vietnam, Cambodia, and Laos. In recent years, the volume of jasmine rice shipped in bulk accounted for around 43 percent to 46 percent of Vietnam’s overall export volume. When cooked, it has a scent similar to that of pandan leaves. White jasmine rice in bulk is less expensive (650 USD/ton) than brown jasmine rice (900 USD/ton).
Jasmine rice
- Glutinous rice
Glutinous rice is a kind of Asian rice that when cooked becomes exceedingly sticky. Glutinous rice is widely grown in Asian countries; Laos, for example, is a glutinous rice producer, with glutinous rice accounting for more than 85% of the country’s total rice output. The average price of glutinous rice in bulk is 480-490 USD/ton.
Glutinous rice
Factors affecting the price of rice in bulk
During the period of currency depreciation, exporters have to adjust rice prices continuously. Besides, the price of rice fluctuates up and down due to changes in supply and production of farmers and people’s demand.
The production of rice in bulk
When the supply exceeds demand, the price of rice in bulk will drop sharply. Taking Korea as an example, the Korean government had to buy 200,000 tons of domestically produced rice as part of an effort to stabilize rice prices in the market. This decision was made after rice production in 2021 set 3.88 million tons of rice, an increase of about 10.7% compared to 2020. Output exceeded 270,000 tons compared to the demand of 3.61 million tons.
The production of rice in bulk
The demand for rice in bulk
When demand increases, the price of rice will rise accordingly, suppliers will earn great profits. For example, when most of the world markets returned with sizable demand for consumption at the end of the year after a period of supply disruption due to the outbreak of the Covid-19 epidemic, the price of exported rice in bulk increased. (Rice price in European countries is about 750 USD/ton, an increase of about 50 USD/ton compared to before).
The demand for rice in bulk
Exchange rate
When the exchange rate increases, the price of imported goods becomes more expensive. For example, the appreciation of the baht at the beginning of the year and the third quarter of 2021 causes the price of export rice in bulk to increase, reducing the competitiveness of Thai rice in the international market. Previously, the baht fell 13% against the USD, causing the price of rice to decrease, creating favorable conditions to increase competitiveness. The price of 5% broken white rice was traded at 400 USD/ton compared with the price of 520 USD/ton in early 2021.
Exchange rate
Ways to find suppliers of rice in bulk
When rice becomes of the utmost importance, customers find it easy to buy rice in bulk. However, scammers appear and sell shoddy products, customers should be sensible to choose reputable suppliers.
Online sources
Currently, to reach global customers, rice in bulk suppliers are available on every online channel. Customers could find them through social networking sites like Facebook, Twitter, or Linkedin. Besides, e-commerce platforms are strongly developing, which are useful places to get deals. Tridge, EC21 or Alibaba have numerous rice suppliers with a variety of products. However, this method includes many risks when fake suppliers or scammers want to distract you.
Online sources
Offline sources
Offline sources are traditional ways to connect with rice in bulk suppliers. One of the most common methods is meeting face to face at the office. Besides, joining in a trade fair is also a chance for customers to know many suppliers. These are effective ways when exporters and importers can meet in real life, touch the authentic products and visit factories. However, during the Covid-19 pandemic, it is hard to connect with suppliers through offline sources.
Offline sources
Top 5 rice in bulk suppliers
In the rice in bulk trade, finding a trustworthy supplier is critical. The top 5 rice suppliers in the world are shown below.
Muskan Overseas
Muskan Overseas is a miller and exporter of Basmati rice with over four decades of expertise. The company is recognized for manufacturing, processing, distributing, and exporting a varied range of rice all over the world, with an emphasis on premium grade rice and competence in exports. The company began operations in 1972 and has since grown to become India’s biggest rice exporter. Its mission is to get the greatest raw materials and transform them into the best products for our consumers. Basmati and non-basmati rice in bulk are their major products.
Muskan Overseas
Bhagwati Lacto Vegetarian Exports
Bhagwati Lacto Vegetarian Exports is a well-known major exporter of Basmati rice. They are known for manufacturing quality Basmati rice types such as Traditional Aromatic Basmati Rice, 1121 Basmati Rice, and others. With a grinding capacity of 45 tons per hour, BLV has one of Punjab’s largest parboiled stainless steel Sella factories. BLV has been selling rice in bulk to over 62 nations throughout the world, including the United Arab Emirates, the United Kingdom, Australia, Italy, and many more. BLV has more than 30 years of expertise in providing the highest quality rice to its worldwide customers.
Bhagwati Lacto Vegetarian Exports
K-Agriculture Factory
K-Agriculture Factory is a pioneer among several Vietnamese rice exporters, with high development potential. K-Agriculture Factory supplies rice such as jasmine rice, ST rice, long-grain rice, and japonica rice in bulk to more than 80 nations throughout the world. It has a milling capacity of 2500 tons per day and a storage capacity of 400 thousand tons. K-Agriculture Factory also has HACCP and ISO certifications.
For free consultation and special discount, contact us via
Email: info@k-agriculture. com
WhatsApp: +84855555837 (Ms. Kris)
Website: k-agriculture.com
K-Agriculture Factory
GIA International Corporation
Gia International Corporation was founded in 2008 and has grown to become one of the top companies in rice production and export after more than 10 years of development. The estimated annual export volume is about 300.000 tons. Long grain rice and fragrant rice are among the products exported and consumed in more than 30 countries. The rice in bulk processing factory is now ISO 22000-2005 and HACCP accredited for food safety management.
GIA International Corporation
Siam Grains Co., Ltd.
Siam Grains Co., Ltd. was founded in 1982 with the goal of exporting high-quality glutinous rice to global markets. Siam Grains then added Jasmine Fragrant Rice, Thai Hom Mali Rice, and more types to its core product range. To guarantee that output stays up with demand, Siam Grains now owns two mills and three warehousing facilities.
Siam Grains Co., Ltd.
Nowadays, importers have the tendency of buying rice in bulk, so that the price will be more reasonable and the rice in bulk must meet strict standards.
In conclusion, this article provides you with the information you need to know about rice in bulk. Hope you find this article useful. Please leave a comment for further explanation from experts from K-agriculture which is one of the biggest factories in agriculture in Vietnam!
