Rice Industry Outlook and Challenges

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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