The Rice sector is a promising land for businesses to pour their money into. Choosing a reliable wholesale rice supplier is a must if they want to achieve remarkable success.
Wholesale rice suppliers’ leading products
One of the reasons for the global popularity of rice is that it comes in many different types. Rice can be classified by its length, including long, medium, and short grain rice. Rice also has many colors: white, brown, red, green, or black rice. In terms of aroma, basmati and jasmine rice are the two outstanding varieties.
However, long-grain white rice is the most popular type widely traded by wholesale rice suppliers. Asia is the largest area producing and consuming white rice, accounting for 90% of the total.
Particularly, China stands in first place in rice consumption, 142,700 metric tons (equals 30% of the world’s rice production). India and Indonesia are the second and third major rice consumers, with 97,350 metric tons and 37,400 metric tons, respectively.
The increasing demand makes white rice become the leading product of wholesale rice suppliers. Moreover, white rice can be stored for more than 20 years, much longer than brown rice (6 months); therefore, wholesale rice suppliers do not need many resources for storage. The price of white rice is also reasonable, from USD 402-900/ metric ton, depending on the quality and broken level.
Read more: Wholesale brown rice – a promising product for global businesses
Wholesale rice suppliers’ interesting features
First thing first, we do believe that building profound knowledge can start with every single step, so it’s critical to take time to figure out all details related to wholesale rice suppliers right now.
Classification of wholesale rice suppliers
A wholesale rice supplier is known as an individual or company providing rice in bulk at a low price in the market. There are two types of wholesale rice suppliers.
The first one can stem from a rice manufacturer who is in charge of all stages from cultivation to processing and distribution.
The second one is the third party linking the source of rice in manufacturers to other parties which can be named as distributors, retailers, wholesalers in commodity circulation.
Each type of wholesale rice suppliers will benefit customers in different ways. While intermediate wholesale rice suppliers will provide products of higher quality, prices offered by direct wholesale rice suppliers will be much reasonable.
Wholesale rice suppliers’ location
As time goes by, rice still remains the most important and staple food for a great deal of the world’s population, other than cereal and corn. Rice is grown in many countries all over the world, in which Asia is the largest rice consumer and producer.
According to the World Map, the large rice-producing countries are located in Asian regions such as China, Thailand, India, and Vietnam. These countries account for approximately 90% of the world’s rice production. Hence, the network of wholesale rice suppliers can notably flourish in Asia.
It can be explained that the rice sector in Asia can be bloomed with the help of
- geographical settings: wet rice is primarily native to southeast Asia where belongs to the favorable tropical climate, has a density of river systems and fertile alluvial plains
- the human factor: due to the long history of rice cultivation, Asian people have experience in farming and developing rice growth.
- science and hi-tech: scientists research and develop new varieties of rice to gain high yielding, respond smarter to climate change, and gain premium quality
- social and economic factors: rice not only plays an important role in human daily basis and ensures national food security but also makes a significant contributor to national economic developments.
Elements contributing wholesale rice suppliers’ product source
The success of wholesale rice suppliers is contributed by not only internal factors such as product quality or customer services but also by external elements including rice production volume, transportation cost, weather, and local government’s policies.
- Rice production volume
There is a direct connection between the quantity of rice produced and the amount of rice supplied. Hence, the shrink of rice for wholesale output will lead to a decrease in rice sources of wholesale rice suppliers.
In Thailand, a 40% decline in rice production resulted in a significant reduction in rice exports, from 7.6 million tonnes in 2019 to 7.5 million tonnes in 2020.
- Transportation cost
To wholesale rice suppliers, transportation is a crucial attribute to a successful rice supply chain to customers. If the cost of shipment is high, wholesale rice suppliers have to lower their prices to balance the final price.
Weather concerns strongly influence the supply chain of wholesale rice suppliers. Poor weather conditions such as floods and droughts are the main cause of rice production drop in Vietnam during 2018-2019, down at 44.43 million tonnes. As a result, the rice source of Vietnamese wholesale rice suppliers was restricted.
- Local government’s policies
Governmental management is responsible for the success of wholesale rice suppliers. For example, due to the recent social distancing, many Vietnamese wholesale rice suppliers have to cancel their delivery to foreign customers in the Philippines. In addition, the export volume of Vietnamese wholesale rice suppliers is restricted since the government set an annual rice export quota.
Approaches to wholesale rice suppliers
After beholding the general picture of wholesale rice suppliers in the world, it is the right time for your business to get ready to join in the rice market. Let’s scroll down and check it out!
How to find wholesale rice suppliers
In the 21st century, there is a wide range of choices when you want to find wholesale rice suppliers no matter where you are. You can use traditional methods to meet your partners in person as well as make use of digital platforms to connect more efficiently. Here is a list of suggestions for you to take a look
- E-commerce platforms
Thanks to the development of technology, everything can be connected in a click and so do wholesale rice suppliers. There are many online platforms for businesses to show their products, company information to exchange rice on a global scale. You can easily search and visit some famous websites such as Alibaba, Tridge, Tradewheel, go4business, and so on.
- “Find supplier” service
Or you have another choice by hiring intermediary brokers through their website on the internet.
- Professional website
In addition, participating in online forums, professional websites is the best way to collect a great source of information for free and helpful advice, review from others. Through a professional website, you can also evaluate the profile that the company performs as well as trust and connections. You can go to Linkedin for example.
- Trade fair
Trade fair is a traditional way for your business to greet and meet a dozen of wholesale rice suppliers, businesses, and manufacturers within a day. This face-to-face manner may be restricted in the context of the COVID 19 pandemic but we can’t deny its power to troubleshoot the barrier between B2B and B2C.
Read more: A recommendation of reliable rice flour suppliers
How to know a reliable wholesale rice supplier
Despite the help of these advanced digital platforms, finding a reliable wholesale rice supplier for long-term cooperation is not easy. That’s why there are a lot of things to take into consideration in the supplier-based assessment.
Firstly, a rice supplier has at least a specialized warehouse for storing paddy and rice following Global standards and technical regulations on paddy and rice storage promulgated by a competent authority under the Law on Standards and Technical Regulations. Besides, a rice processing facility following national technical regulations and standards on storage, a rice mill, and a processing facility is a must, which is approved by a competent authority.
Quality of rice must be put on top priority, which obeys strict regulations on hygiene and safety standards, technical requirements ISO/DIS 7301. Besides the common standards, wholesale rice suppliers have to ensure different requirements on chemical residues, pesticides, impurities, handling, and preservation to meet the demand of internationally exported rice.
Another significant factor to fairly assess the capability of wholesale rice suppliers is definitely their delivery time. Having a supplier deliver on time as agreed directly affects your business activity and reliability for customers’ orders. On the online platform, your customer can easily get feedback by rating 1 star, which can rank down your online store in the search result. Moreover, it can bring a bad reputation for other customers visiting your store or website.
One more thing you should know when working with wholesale rice suppliers is the return policy that they offer. As mentioned above, in bulk rice shipment, there are a few defective rice products. It’s time for the return policy to work. You have to ensure to bring back the money if the supplier can not return products as demanded or goods are returned without an extra fee. It is also applied for overdue delivery products. Therefore, two parties must clarify the return policy and warranty for products. If suppliers offer a reasonable policy, it is a huge plus for your business to consider.
Certifications and licenses
Last but not least, when it comes to a reputable business in general and a wholesale rice supplier in particular, showing licenses and achievements they get is the most reliable way to enhance their position in the market. They include business registration license, export license, ISO 9000, health certification, CFS, or certification of a food safety management system (FSSC22000) for processing, packaging, and despatch of rice.
How to avoid being scammed
When working with wholesale rice suppliers no matter how reliable they are, there still remains some tricks that suppliers come across or intend to cheat their partners to gain more profits. Many scammers make use of the limited face-to-face approach between suppliers and other parties to steal information, use fake brands, buy fake products with high prices, or even make huge financial losses for your business if you are a green hand.
To deal with these scamming, you need to:
- check the profile of wholesale rice suppliers carefully on their company website, professional network, and e-commerce platform if any.
- ask to show pictures, videos of products, facilities, business licenses, certificates, and anything to prove that these wholesale rice suppliers are real.
- never pay any bill in advance if these payments are not guaranteed in the contract
- hold a conference call to discuss further in case Covid 19 stops two parties from face-to-face meetings
- keep a win-win situation
Top 3 wholesale rice suppliers around the world
In this article, we provide the best wholesale rice suppliers in the three largest rice exporting countries in the world.
Capital Rice Co.Ltd wholesale rice supplier
Capital Rice Co.Ltd – a Thailand-based company, is the leading trading company in agro-industry, food, and services which has both domestic and worldwide coverage. Established in 1977, the company has gained remarkable achievement, trustworthiness, and efficiency. The secret of Capital Rice’s success lies in its capability to produce high-quality products as well as the introduction of advanced techniques.
- certificated the first prize in the price innovation in 2018, ISO 9001:2005 by SGC Thailand Limited
- specialized in premium variety of Thai Jasmine rice, fragrant and organic rice
- have a warehouse storage capacity of 300,000 tons in Samutprakarn province
K-Agriculture wholesale rice supplier
K-agriculture is the only private unit under the guarantee of the Trade Promotion Department, on behalf of the Ministry of Industry and Trade to bring Vietnamese agricultural products to the global market. During 20 years of development, K-Agriculture is the leading supplier of Vietnamese agricultural products. In the next decade, it is forecasted to be a Top 10 Agriculture Company in Southeast Asia and the top 100 Agriculture Experts in the world.
K-Agriculture creates a new and dynamic approach for rice, cashew, and pepper by boosting digital marketing tools, social media, e-commerce platforms such as Alibaba, Ecplaza, EC21, which also makes K-Agriculture outstanding over other rivals
- Ensure high-quality products with apparent traceability
- Bring the best value for premium products such as ST25 rice, Jasmine rice, Japonica, and so on.
- Achieve privilege certification such as Global GAP, HACCP, FSSC22000
- Email: email@example.com
- Website: https://k-agriculture.com/
- WhatsApp: +84855555694 (Ms. Evelyn – Sales Manager at K-Agriculture Factory)
UV Exports Pvt.Ltd
UV Exports Pvt.Ltd is a well-known firm based in New Delhi, India, and specialized in the business of manufacturing, exporting, and distributing rice. It is a reliable brand name of the largest manufacturer and exporter of non-basmati and basmati rice in India since 2014
- focus on main markets such as Africa, America, EU, Caribbean, Middle East, and many parts of the world
- provide a top-quality variety of basmati rice, which is committed to being kept away from harmful chemicals and pesticides.