HS Code:
Rice in the husk, also known as paddy or rough rice (HS Code: 1006.10), refers to unprocessed rice that still retains its outer husk after harvesting. This category is a fundamental agricultural commodity in global trade, primarily produced in tropical and subtropical regions. It serves as a staple food for over half of the world's population, particularly in Asia, and is a critical component of food security and economic stability in many developing countries. The trade of paddy rice is influenced by factors such as climate conditions, domestic consumption needs, and government policies on subsidies and export restrictions.
Total Trade Volume
Approximately 45 million metric tons
Data from 2022
Source
United Nations Comtrade Database and FAO Statistics
15 million metric tons
33% of global trade of total trade
Increasing
7 million metric tons
16% of global trade of total trade
Increasing
6 million metric tons
13% of global trade of total trade
Stable
4 million metric tons
9% of global trade of total trade
Increasing
3 million metric tons
7% of global trade of total trade
Stable
Average Rate
15%
Highest Rate
Up to 80% (in countries with protective agricultural policies like Japan)
Lowest Rate
0% (under free trade agreements or for least developed countries)
Rising demand in Africa and Middle East
Increased exports from Asian countries to meet growing population needs and dietary shifts, driving up trade volumes by 5-7% annually.
2020-2022
Climate change affecting yields
Erratic weather patterns, such as droughts and floods, have reduced paddy production in key regions, leading to price volatility and supply chain disruptions.
2019-2022
Shift towards sustainable farming
Growing adoption of eco-friendly cultivation practices and organic paddy rice is influencing trade preferences, with a premium on sustainably sourced products.
2021-2023
India, the largest exporter of rice, imposed a temporary ban on certain varieties of rice exports to ensure domestic supply amid rising prices and uneven monsoon rains.
July 2023
Global rice prices surged by 15-20%, affecting importing nations like Bangladesh and several African countries, while prompting other exporters like Vietnam to increase shipments.
Vietnam achieved a record export volume of rice due to high demand from the Philippines and improved bilateral trade agreements in the ASEAN region.
March 2023
Strengthened Vietnam's position as a leading exporter, stabilizing prices in Southeast Asian markets and providing alternatives to Indian rice supplies.
The onset of El Niño weather patterns has raised concerns over reduced rainfall in key rice-producing regions, particularly in Thailand and India, potentially lowering output.
June 2023
Anticipated reduction in global supply could drive prices higher in the short term, affecting food security in import-dependent regions.