White rice is one of the most popular agricultural products in the world. To gain profits from this market, traders should consider the following factors.
- Types of white rice
These are the most famous type of white rice with different characteristics:
Rice which is 6.5mm long is long-grain white rice. Indica rice like basmati and jasmine are long-grain rice.
Medium-grain white rice is 5.2mm – 6.5mm in length. Arborio is a popular medium-grain rice.
Medium long white rice
The grain of short grain rice is usually under 5.2mm long. Japonica is one of the popular short-grain rice from China and Vietnam.
2. Factors affecting the market of white rice
The white rice market is affected by the following factors
The supply chain of white rice depends heavily on the total rice production. In 2020, the quantity of Vietnamese rice production stood at 10.74 million tonnes, decreasing by 205 thousand tonnes. Thus, there was a 3.5% decrease in the volume of Vietnamese white rice export.
Normally, white rice is delivered by sea freight, hence costs will directly affect the rice price. The CIF price of Thai white rice has increased from 498 USD/tonne to 510 USD/tonne. The reason behind is rising freight costs.
There is a link between the market of white rice and the supporting policies. To ensure food security to cope with the Covid 19, the Vietnamese authorities issued a temporary ban on rice exports until May 2020. This policy had a great impact on the export volume of white rice for 3 months.
3.White rice: top 3 suppliers in this field
This is the list of the top 3 suppliers of white rice
Vietnam Southern Food Corporation II
Vietnam Southern Food Corporation II is one of the most famous companies supplying white rice from Vietnam. With a capacity of 4.5 million tonnes per year, Vinafood II is a reliable supplier to trade white rice to countries in Asia, the Middle East, and Europe.
K-Agriculture Factory is one of the major suppliers of white rice from Vietnam. Each year, the factory produces and supplies over 3 million tonnes of rice to over 80 countries. Contact us via:
WhatsApp: +84 855555694
Wonnapob Company was founded in 1895. Currently, the company is one of the best exporters of Thai white rice with the best quality to the global market.