10 Best Rice Exporters in the World: A Comprehensive Guide
Rice is one of the most consumed staple foods in the world, with an annual production of over 700 million metric tons. Rice is also a major commodity in international trade, with a total value of $29.3 billion in 2022. But which countries are the top rice exporters in the world, and what are their characteristics, advantages and challenges? In this article, we will provide a comprehensive guide to the 10 best rice exporters in the world, based on their export volume, quality, variety and market share.
1. India
India is the largest rice exporter in the world, with a volume of 21.5 million metric tons in 2022/2023. India exports mainly non-Basmati white rice, which accounts for about 40% of its total exports. India also produces and exports Basmati rice, which is a premium long-grain aromatic rice that is highly valued in the Middle East and Europe. India has a competitive advantage in rice production due to its favorable climatic conditions, large area under cultivation, low labor costs and government support policies. However, India also faces some challenges such as low productivity, high post-harvest losses, quality issues and trade barriers.