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Rice buy in Isolo
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Rice

Rice

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Nigeria, Isolo
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Rice is a central part of many cultures and some countries even credit rice cultivation with the development of their civilization. It is the staple food for more than half of the world population. Rice is the world's most consumed cereal after wheat. It provides more than 50 percent of the daily calories ingested by more than half of the world population. It is the most rapidly growing source of food in Africa, and is of significant importance to food security in an increasing number of low-income food-deficit countries.

Each year, close to 600 million tones of paddy [360 million tonnes of milled rice] is produced, with over 90 of the production being concentrated in Asia, given the favorable climatic conditions and the relatively lower costs of production. China and India account for almost two thirds of this production with Thailand, Vietnam, Indonesia, Pakistan and Myanmar making up the balance. The producing countries are also large consumers of rice. International Trade in rice is only around 28 million tonnes [less than 8% of global production]. Africa and Asia import over 85% of the internationally traded rice volume.

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