Rice is the world’s second most important cereal crop following only corn, based on production volume. Nearly 482 million metric tons of husked rice were produced in the last harvesting year worldwide. Traditionally, countries in Asia have the largest share in world rice production. According to the most recent official data, with a production volume of over 200 million metric tons in 2014, China was the world’s leading paddy rice producer, followed by India and Indonesia.
The United States was also ranked among the leading global rice producers in that year. The nation's rice production value amounted to some 2.37 billion U.S. dollars in 2016. Leading U.S. states in rice production were Arkansas, California, and Louisiana in the same year. The United States was also ranked among the leading five rice exporters worldwide, primarily shipping this commodity to Mexico, Japan and Haiti.
Other major rice exporting nations included India, Thailand, and Vietnam with around 10.3, 10 and 5.8 million metric tons, respectively. The largest rice importers were China and Nigeria in 2016/2017 . According to the United Nation’s Food and Agriculture Organization, the average rice price index remained relatively stable over the past few years, before it declined in 2015.
Total global consumption of milled rice amounted to approximately 478.44 million metric tons in 2015/2016. China consumed around 146 million metric tons of milled rice per year, and was by far the world’s leading rice consumer in that year. In comparison, the U.S. consumed some 3.85 million metric tons.
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