Rice Market

Consulate General of India Commercial Section JED/COM/201/7/2006 A Market work on Rice in the country of Saudi-Arabian-Arabian Arabia securities industry OVERVIEW Rice is the most important staple food for about(predicate) one-half of the world commonwealth and provides over 20 portion of the orbicular calorie intake. As most of the strain produced is consumed domestically, alone 4% of global production is internationally traded. The world sieve market is also featured by a bounteous(prenominal) degree of concentration with Asia accounting for nearly 90% of global production and consumption. The market for rice in the Kingdom of Saudi Arabia is geared to trading of imported varieties of rice, while little efforts ware been made to grow locally as climatic conditions in Saudi Arabia are generally unsuitable for this crop. In metre terms, the boilers suit domestic market demand for all types of rice in Saudi Arabia tump overed 787,000 tones in 1999. Meanwhile, Food and Agricultural presidential term (FAO) projected import for rice by Saudi Arabia could reach 1,342,000 tones in 2005, suggesting a yearly compound addition regularize of 11.3% in the five year period.

In value terms, the overall market value for all types of rice in the Kingdom of Saudi Arabia was estimated at SR 2,500 million in 1999, jolly more than three times its market size of SR 750 million and 250,345 tones in 1989. With a high population growth rate along with a rapidly expanding number of pilgrims, Saudi Arabias aggregate consumption of rice was growing at a yearly compound rate of 12.1% since 1989. In the in conclusion decade, total rice consumption in the Kingdom of Saudi Arabia grew at a much faster rate than the population growth, expanded by 3.1 folds compared to 1.56 times of population growth. During the same period, the equivalent per capita consumption of milled rice was doubled and rose from a yearly 17.86 kg per mortal in 1989 to 35.90 kg per person in 1999. Preliminary estimates suggest that the per capita rice consumption in the Kingdom of Saudi Arabia would... If you want to get a full essay, order it on our website: Ordercustompaper.com

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