- Rice is the third highly produced crop after sugarcane and maize.
- China is the biggest producer of rice in the world, followed by India, Indonesia, Bangladesh, Vietnam and Thailand.
- Change of the rice seed production and distribution system, and of the agriculture foundation.
- Developing utilization of hybrid seeds, with a few innovative segments and expanding trade activities have driven the rice seed market development globally.
Ken Research declared its most recent production on, “ Global Rice Seed Market Status, 2011-2022 Market Historical and Forecasts, Professional Market Research Report,” which offers vast knowledge on the worldwide and local market, significant manufacturers, and in addition the segment marketing subtle elements on various arrangements and applications. The significant market data like production, price, revenue, import, export, market rate is dissected. Also projection for all the major provincial markets likes Europe, North America, South America, Asia (Excluding China), China and ROW is secured under this report. It likewise gave the information to future estimate of this industry and the new venture speculation analysis.
The Government, in collaboration with the World Bank, actualized the “High return Seeds Production and Distribution Program” essentially on Java Island since 1971 with the end goal of giving a steady supply of high return rice seed. Therefore, profitability per unit has enhanced and rice creation has expanded. The creation and dispersion arrangement of high return rice seed, in any case, was not grew enough to meet the necessities of the whole nation. To address this issue, assist change of the rice seed production and distribution system, and of the agriculture foundation, was required.
Rice is a standout amongst the most vital business crop internationally. India has the most noteworthy grounds under Rice at 44 Mn Ha with a creation of 94 Mn Mt of rice, followed by China with a land of 29.6 Mn Ha and Production of 129 Mn Mt. China’s per Ha production is twofold than that of world normal of 2.76 Mt . At present, the rice seed market represents 5-7% of the worldwide seed demand on a yearly premise. Rising worldwide seed market and developing utilization of hybrid seeds, with a few innovative segments and expanding trade activities have driven the rice seed market development globally. Notwithstanding, changing seed regulatory structures among countries and high rivalry are putting weight on the market growth in the trade front. Reception of Hybrid rice is the way to take care of the developing rice demand.
India is growing better hybrid seed assortments to give yield favorable position of no less than 3-4 metric tons for every hectare, over the exploration assortments. As a late improvement in the worldwide rice seed industry, the International Rice Research Institute is attempting to grow new rice assortments that can withstand climatic conditions like dry spell, surge and soil saltiness.
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Ankur Gupta, Head Marketing & Communications