Basmati Rice and Its Impact on Global Food Market

Rice is a wonderful product. It contains various useful nutrients and if consumed correctly, it will bring significant benefits and saturation to the body. People consume this wonderful product on all continents and prepare a wide variety of rice dishes and desserts. The higher the quality of rice, the tastier the dish. Rice is the third-largest agricultural commodity in the world after sugarcane and corn. Therefore, its rising demand significantly changes the world market.
Indian Basmati rice has been growing for centuries in Punjab, Haryana, Delhi, Himachal Pradesh, and Uttarakhand states located at Himalayan foothills and in specific districts of western Uttar Pradesh and Jammu & Kashmir as well. Agro-climatic conditions of these specific geographical areas, plant nutrition, method of harvesting and processing make Basmati rice exceptional. That is why Indian Basmati possesses certain qualities and reputation. This variety is well known for its extra-long slender grains and is traditionally considered premium.
2-acetyl-1-pyrroline compound contained in Basmati rice gives it pandan flavor that makes this rice so aromatic. And this is because Basmati contains 0.09 ppm of this aromatic compound.  The important criteria that identify Basmati rice are its length-to-width that differs from regular rice and needs to be 3.0 millimeters. Separate dry grains of Basmati have a firm and tender non-sticky taste after being cooked. 


Production, Export, and Consumption 

Rising demand for Basmati rice makes India and Pakistan the leading exporters in the world. India produces 72% of Basmati, while Pakistan can produce only 28% of the global market. Another big food stuff importer on this market is Kenya. The world expects Basmati rice consumption to $18320 million by 2026. Global Basmati rice manufacturers have increased their production year by year to meet the demands of the customers. 
Players from global markets purchase this rice with a superior aroma and distinct flavor, since it is an important commodity. The increasing export of Basmati rice to European countries like Belgium and the Netherlands is driven by a better price for local farmers. The Netherlands has doubled the import of Basmati rice, while its export to Belgium increased by 60%. Such a rise shows the increasing demand for this commodity not only in Europe but worldwide as well. 
One of the major consumers of Basmati is the Middle East. India exports 4.5 million tons of Basmati annually with its main consumer destination to Kuwait, Oman, Canada, Yemen Republic, UAE, UK, USA, and Saudi Arabia as well. The main Basmati rice importers are China, Iran, Saudi Arabia, the Philippines, Iraq, and Indonesia, while India, Thailand, Vietnam, and Pakistan export more Basmati rice than any other country in the world. Australia recently has been included in the list as well.