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USDA: Developing Countries to Lead Global Rice Import Growth

15 August 2013

GLOBAL - Demand for rice in developing countries will drive global rice trade in the next decade until 2022 with about 97.9% of rice import growth coming from countries in Latin America, Asia (excluding Japan), Africa, and Middle East, according to USDA’s baseline projections.

The USDA says that global average per capita consumption of rice is projected to decline slightly in the next decade due to higher incomes and its related food diversification, reports oryza.com.

However, increasing population in developing countries will boost demand for rice. The USDA says that developing countries will account for about 99.6% of global growth in rice consumption in the coming decade.

Africa and the Middle East region are projected to account for almost half of the growth in global rice imports in the next decade. The USDA says that rice demand in these regions will be driven by population growth and limitations in rice production.

Among individual nations, the strongest rice import demand is expected to come from Indonesia and the Philippines. These two countries are likely to become the world’s largest individual rice importers, together accounting for about 25% of the projected 2013-22 increase in world rice imports, the USDA says.

TheCropSite News Desk



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