largest rice supplier
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- Category: Commodity
Climatologic adjustments in South Asia and the U.S. will impact prices profoundly, especially given the extraordinary water requirements for rising rice.
Rice prices from 2004-2008 have been affected by rising gas and fertilizer bills, leading to a doubling of worth in simply 4 years.
In 2007-2008, world rice shares were calculated at 72 million tons. This was the bottom in global rice shares since 1983-84 and approximately half of the peak in 2000-01.
Since the 1980s, rice has seen a 40% enhance in demand worldwide.
As of 2008, Thailand is the world's largest rice supplier, exporting 7.three million metric tons in 2006 and 8.5 million metric tons in 2007.
The Philippines import about 15% of its rice. Within the 1970s, it was a web exporter earlier than actual estate development.
Though rice is a staple in the diets of over 2 billion people worldwide, commodity exchanges all over the world have taken a long time to develop contracts for it. As more commodity exchanges do incorporate rice as an offering, the hope is that prices willstabilize and a more realistic image of provide and demand will emerge.
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