Rice is a cereal grain that belongs to the Oryza sativa species. One of the most important sources of nutrition for a substantial portion of the global population. It is a widely produced staple crop. The little, elongated grains that make up rice come in a variety of colors, including white, brown, and wild. It has several crucial qualities that increase the value of this crop as a food source.
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It has a lot of carbohydrates, which makes it an excellent source of dietary energy. Rice is high in essential vitamins, minerals, and nutrients like iron and vitamin B complex while being low in fat and cholesterol. Due to its lack of gluten, it is appropriate for those who have celiac disease or gluten intolerance.
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 chart, including India Iron price, USA Iron 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.
Industrial Uses Impacting Rice Price Trend:
Rice, one of the most widely used staple crops, has a wide range of industrial uses in many different industries. The food industry first thoroughly processes rice. A significant portion of the world’s population relies on white rice, which is produced by milling brown rice. Additionally, it is employed in the production of rice bran oil, rice flour, and a variety of dishes made from rice, such as rice cakes and snacks. Second, the residual stalk following rice harvesting, known as rice straw, has industrial applications. It can be utilized as a raw material to produce packaging, cardboard, paper, and particleboard. Rice straw can be burned or broken down to provide bioenergy in addition to being used as bedding and animal feed.
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: Fortified rice distributed via ration shops in 439 districts, other schemes –
On Tuesday, the administration claimed that there is sufficient data to support the health benefits of fortified rice and that it is currently being supplied through ration shops in 439 districts and other welfare programs. In his Independence Day speech in 2021, Prime Minister Narendra Modi stated that the government wants to distribute fortified rice through government programs by 2024.
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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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