Rice is one of the most significant nutritional sources for a sizeable section of the world’s population. It is a common type of staple crop. Rice is made up of tiny, elongated grains that are available in a range of hues, including white, brown, and wild.
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It possesses a number of essential characteristics that raise the crop’s value as a food source. It is a great source of nutritional energy because it is high in carbs. Along with being low in fat and cholesterol, rice is high in important vitamins, minerals, and nutrients like Rice and vitamin B complex. It is suitable for people with celiac disease or gluten intolerance due to the absence of gluten.
Key Details About the Rice Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Rice price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Rice price trend, including India Rice price, USA Rice price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Read Also –https://webceria.com/refined-sunflower-oil-price-trend/
Industrial Uses Impacting Rice Price Trend:
One of the most popular staple commodities, rice has various industrial uses across numerous sectors. Rice is processed completely before being used in meals. White rice is a staple food for a sizeable section of the world’s population and is made by milling brown rice. Additionally, it is used to make rice bran oil, rice flour, and a number of rice-based foods like rice cakes and snacks. Second, the leftover stalk from harvesting rice, also referred to as rice straw, has industrial uses. It can be used as a raw material to make particleboard, packaging, cardboard, and paper. In addition to being used as bedding and animal feed, rice straws can be burned or decomposed to produce bioenergy.
Key Players:
- DuPont de Nemours Inc
- Cargill Incorporated
- Wilmar International Ltd
- Doguet’s Rice Milling Company
- Randall Organic Rice
News & Recent Development:
- 4 May 2023: Record high wheat and rice production expected, boosting domestic availability – According to estimates, the nation will produce a record-high 330 mt of foodgrains this year, an increase of 14.91 mt over the previous year, 2021–2022. In the agricultural year 2022–2023, the Ministry established a goal of 328 million tonnes of food grain. According to a press release from Agriculture Minister Narendra Singh Tomar on the release of the third advanced estimates, “Agriculture sector is developing day by day due to the hard work of farmers, proficiency of scientists, and farmer-friendly policies of the Government.”
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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Reference Link – https://theprocurementexpert.com/rice-prices-trends-forecasts/
