What is the prospect of rice industry?

1, rice yield increased by more than 2%

2017/18-2020/21,the global rice production is on the rise. In 2020/2 1 year, the global rice output was 509,677 kilotons, an increase of 2. 18% compared with 20 19/20. According to the forecast data of USDA in March 2022, the global rice output will exceed 5 1 100 million tons in 2002/22.

2. The export volume exceeds 50 million tons.

2017/18-2020/21,the global rice export volume fluctuates greatly. In 2020/2 1 year, the global rice export volume reached 5 163 1000 tons, an increase of 14.04% compared with 20 19/20 years. According to the forecast data of USDA 202 1 year in March, the global rice export will decrease slightly in 20021/22.

India is a major rice exporter in the world.

According to the distribution of rice exporting countries in the world, in 2020/202 1 year, India's rice export volume was 2191000 tons, accounting for more than 4 1%. Followed by Vietnam, the rice export volume was 6.272 million tons, accounting for more than12%; The third is Thailand, with an export volume of 6.062 million tons.

4. Rice consumption will continue to grow.

2017/18-2020/21,global rice consumption increased. In 2020/2 1 year, the global rice consumption reached 503,908 kilotons, an increase of 2.06% compared with 20 19/20. According to the forecast data of USDA 202 1 year in March, the global rice consumption will increase by 1.42% in 2002/22.

5. The rice stock will exceed190,000 tons.

2017/18-2020/21,global rice stocks increased. In 2020/2 1 year, the global rice stock was 1875 10 kiloton, an increase of 3. 17% compared with 20 19/20. According to the forecast data of USDA 202 1 year in March, the global rice inventory will exceed190,000 tons in 2002122.

On the whole, in 20021/22, the global rice production, consumption and stock will all increase. According to the information from the Ministry of Agriculture and Rural Affairs, the resumption of work in enterprises and schools has boosted the demand for rice. However, it will take some time for processing enterprises to digest their stocks before the holiday, and the progress of farmers' grain sales will be accelerated when the weather gets warmer. It is expected that the domestic rice price will be stable and weak. The conflict between Russia and Ukraine has pushed up the international rice price, but the spring rice harvest in Southeast Asia has begun and the rice supply is sufficient. It is expected that the international rice price will rise slightly.

—— The above data refer to the Forecast and Analysis Report on Production and Marketing Demand and Investment of China Rice Industry by Forward-looking Industry Research Institute.