Rice market in India - statistics & facts

Rice exports from India

India was the world’s largest rice exporter, followed by Vietnam and Thailand. Export of rice other than the basmati variety increased by a whopping 109 percent since 2014, with parboiled rice making up the majority of exports in this category. Milled rice, broken rice, rice in husk, and husked brown rice were also exported. The country exported rice to over 150 nations, continuing to extend its market share in Africa, Asia, and Europe. In 2021, Saudi Arabia, United Arab Emirates, and Bangladesh were the major importers of Indian rice.

Impact of rice production

Rice requires highly specific environmental conditions to grow. After maize, rice was the world’s most produced crop. India ranked second in rice production globally. This volume amounted to about 122 million metric tons in financial year 2021. The Indian rice industry is positively impacted by government support for rice production, suitable monsoon season, an increase in the number of rice processing industries, and exports. However, climate change has had an impact on the crop seasons, along with high fertilizers prices, inadequate irrigation systems, and issues within the farming communities. The most recent of the latter involved the farmer protests, one of the largest demonstrations in the world. Despite these shortcomings, however, the annual yield of rice was 2.7 metric tons per hectare in fiscal year 2021, not significantly lower than the previous year.

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