Rice Industry Outlook and Challenges

Friday, March 19 2021

Rice is one of India's most important food crops, feeding the population of India, as well as a key generator of employment. The region under rice crop grew from 30.81 million hectares in 1950-51 to 43.86 million hectares in 2014-15, a nearly 142% increase. Rice production has increased significantly from 20.58 million tonnes in 1950-51 to 104.86 million tonnes in 2014-15, a nearly 5-fold increase. In 1950-51, the yield was 668 kg/ha, which increased to 2390 kg/ha in 2014-15 [1]. The majority of rice is produced during the Kharif season. Rice, which is a high-protein grain, comes in two varieties: basmati and non-basmati. In the global rice market, world production for 2020/21 rose 0.85 million tons to a record 504.0 million, with Indonesia, the Philippines, and Sri Lanka accounting for most of the increase. But the production forecasts for 2020/21 were lowered for Argentina, Guyana, and Nigeria.

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