Rice, Arkansas, rice quality, rice processing, rice culture, pest management, breeding
Rice prices in Asia increased since the Summer of 2022 mainly due to worries about a reduction in rice production in India caused by an abnormal monsoon season (Fig. 1). The upward trend in export prices solidified after India implemented a 20% export tariff on brown and milled long-grain rice, and a complete ban on exports of broken rice, in September 2022 to curve down exports and release the pressure on domestic rice prices. India’s rice export prices increased since then and proportionally to the value of the export tax. The latest estimates put rice production at 128 million metric tons (mmt) in 2022/2023, only slightly below the record-high production of 129.5 mmt in 2021/2022. The export prices out of Thailand and Vietnam increased 14% and 16% between September 2022 and April 2023 in accordance with the higher export prices of India (Fig. 1). Despite the export tariff, India remains the most competitive supplier among the top Asian exporters. The U.S. export price for long-grain rice has been consistently above that of other Asian exporters, but the gap widened even more in 2022 after two consecutive short U.S. crops.
Durand-Morat, A., Bairagi, S., & Mulimbi, W. (2023). International Rice Outlook: International Rice Baseline Projections 2022-2032. Research Reports and Research Bulletins. Retrieved from https://scholarworks.uark.edu/aaesrb/56