Since rice is the most important staple for more than half of the world’s population, wholesale rice is always a hot market for many companies to invest in.
The wholesale rice market is one of the most developed businesses in the world because over 3 billion people consume rice as the main food. Therefore, the import destinations of wholesale rice spread over 5 continents.
There are many leading products in the wholesale rice market.
There are 5 major wholesale rice suppliers that are responsible for the majority of the global rice traded.
4 out of 5 major wholesale rice exporters are from Asia because this region has many advantages.
There are 3 main factors contributing to the development of the wholesale rice market.
The supply chain of wholesale rice heavily depends on the stable rice production volume. If the amount of rice production decreases, there will be a significant decline in the wholesale rice export volume.
The logistic costs will affect directly the total CIF price of wholesale rice. The cost of transportation affects the wholesale price of rice. Due to the high shipping costs, suppliers must drop the wholesale rice price to bring the final price into balance.
The government’s policies are linked to a thriving wholesale rice business. For example, the amount of Vietnamese wholesale rice that can be exported to other countries is limited due to export quota regulations. Many economic industries in Thailand, notably the wholesale rice trade, have grown chaotic as a result of the country’s fragile political scenario.
If you are interested in the wholesale rice market, here is a useful list of the best suppliers from Asia.
Wonnapob Company, a wholesale rice provider from Thailand, was founded in 1895. The company’s goal is to provide the highest-quality rice products that are both safe and healthy for people and the environment.
K-Agriculture began as a tiny enterprise collecting rice and corn and has now grown to become Vietnam’s top agricultural factory. K-Agriculture has 25 years of experience and offers a wide range of wholesale rice goods, from aromatic rice to specialty rice, at a fair price. This wholesale rice provider also provides excellent customer service and prompt delivery.
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Sunrise Foodstuff, a 10-year-old Vietnamese company, is another representation. Many consumers in Europe, Africa, the United States, and Singapore buy rice wholesale from the provider. Sunrise Foodstuff also has a large assortment of high-quality items that are backed up by numerous certificates.
When it comes to wholesale basmati rice, Lal Qilla comes highly recommended when it comes to a firm that specializes in creating and supplying basmati rice. Located in India, the basmati rice’s birthplace, Lal Quila can bring the best products to the international market.
HAS Rice Pakistan is a wholesale rice producer and supplier based in Pakistan, offering a wide range of high-quality grains in bundles ranging from 1kg to 100kg. The EU and the Middle East are two of this wholesale rice supplier’s most important markets.