The stability of the Indian market lies in the large rice stockpile, nearly 50 million tons, ensuring that rice exports do not affect food security.Therefore, transportation costs are often more affordable, especially during the epidemic situation when the cost of sea transportation increases in 2021. In terms of geographical distance, India is right next to one of the world’s largest rice importers, Bangladesh, and to the West Asian and African markets than Vietnam.Uttar Pradesh and Punjab are other major areas, producing 13.75 million tonnes and 11.59 million tonnes respectively.īeing one of the major rice exporting countries, India has many advantages in terms of transportation and supply chains. West Bengal is the largest rice basket in India, which contributes to 13.95% of the total rice volume produced. India exports both basmati and non-basmati rice Specifically, for Belarus, the import quota is 96 thousand tonnes of Vietnamese rice, and 400 tonnes of Armenian rice. For example, the Eurasian Economic Commission Council (EEC) has allocated import quotas for Vietnamese rice to each member country of the Eurasian Union (EAEU) in 2021. Many supporting policies for rice exports are established.Therefore, 90% of Vietnam’s total rice export is from this region. For example, about 580 rice mills are located in the Mekong Delta in Vietnam, which can produce 10 thousand tonnes annually. Many rice mills are located in these countries, with a considerably large capacity.With a huge rice production, these countries have the ability to satisfy both domestic and international demand. In 2020, India produced 118.8 million tonnes, followed by Vietnam and Thailand, with 27.1 and 17.66 million tonnes. There are 3 main reasons behind the domination of these 5 countries in the world’s rice exports.
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