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The World Market of Fragrant Rice, Main Issues and Perspectives

Georges Giraud

International Food and Agribusiness Management Review, 2013, vol. 16, issue 2, 20

Abstract: Worldwide rice production totaled 481 million metric tons in 2011, including 7.1% in trade. Fragrant rice is estimated to account for 15-18% of the rice trade procuring the highest prices on the world market. Some new players are interested in entering this premium segment, including the US, Vietnam, and other rice growers and traders. The fragrant rice commodity chain is deciphered through a meta-analysis of data on rice cropping and trading. We conclude on a possible split between fragrant and coarse rice markets. The upcoming challenges for fragrant rice industry are discussed with the next release of genetically modified varieties; water scarcity in rice cropping; and land use trade-offs between fragrant and coarse rice.

Keywords: Agribusiness; Agricultural and Food Policy; Crop Production/Industries; Demand and Price Analysis; Financial Economics; Food Consumption/Nutrition/Food Safety; International Relations/Trade; Land Economics/Use (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ifaamr:148577

DOI: 10.22004/ag.econ.148577

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