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The 2008 global rice crisis occurred between January and May 2008, the international trading price of rice jumped dramatically, increasing more than 300% (from USD $300 to $1,200 per ton) in just four months. [1] By December 2008, prices had decreased substantially, if not returned to previous levels, marking an end to the crisis.
Pakistan’s rice exports grew 57 percent during financial year 2009–10. In 2009, REAP exported basmati rice at an average price of $825 per ton, down 33 percent compared with $1,102 per ton the preceding year. In 2010, Pakistan was exporting rice to 109 countries of the world. [3]
In late April 2008 rice prices hit 24 cents (U.S.) per U.S. pound, more than doubling the price in just seven months. The price of wheat had risen from an already high £88 per tonne to £91 from January to March 2010, due to the bullish market and currency concerns. [ 20 ]
The following is a list of countries by paddy rice exports. Data is for 2022 as reported in Food and Agriculture Organization Corporate Statistical Database . [ 1 ] Rice is one of the biggest crops in the international grain trade , alongside other crops like wheat , maize (corn) and soybean .
Rice production by country (2019) This is a list of countries by rice production in 2022 based on the Food and Agriculture Organization Corporate Statistical Database. The total world rice production for 2022 was 776,461,457 [1] metric tonnes. In 1961, the total world production was 216 million tonnes.
Vietnam's rice exports in January and February fell 24.9% in 2010 to an estimated 781,000 tonnes and revenues also dropped 6.8% to $437 million. [16] Rice exports in the first quarter are forecast to fall by between 33–41% to 1.15–1.2 million tonnes.
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In June 2011 rice prices were at record highs and Thailand was the world's leading exporter. The Yingluck promise was to buy unmilled paddy rice at 15,000 baht per tonne and premium hom mali rice at 20,000 baht per tonne, prices 50% or more above the market.