Which country is competing with Vietnam in the race to export rice to Africa?

Published Sep 8, 2020

Tridge summary

China has emerged as the leading rice exporter to Africa, capitalizing on India's declining exports and strong demand in African countries. Chinese rice exports to Africa surged to 781,000 tons in 2017, a 10-fold increase from the previous year, making up 70% of China's total rice exports. This trend continues, with China exporting over 3 million tons of white rice in the last six months of 2019. Both China and India are exporting surplus rice stocks to Africa, with China targeting markets in Egypt, Benin, Senegal, Cote d'Ivoire, Somalia, and Liberia through the state-owned COFCO Group. Africa's rice demand is high due to its reliance on rice imports, which account for 20-30% of global rice imports, as domestic production fails to meet demand. Despite India's reduced market share, it remains a significant supplier, along with Thailand and Vietnam. The price advantage and ample supply of rice from China make it the preferred supplier in the African market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This year, China is leading in this race, in the midst of the context that the domestic rice production of African countries is still lower than demand. For many decades, India was the largest rice exporter in the world. However, the country's rice exports are shrinking rapidly, declining 35.78% year-to-date. The reason is strong competition from China. Africansonchina cites data from China Customs that rice exports to African countries, including Côte d'Ivoire and Senegal, in 2017 reached 781,000 tons, a 10-fold increase from the 74,000 tons in 2016. Billion The weight of rice exported to Africa in China's total rice exports increased to 70% in 2017, compared to only 19% in 2016. In the last 6 months of 2019, China exported more than 3 million tons of white rice. from government stockpiles, much of that rice has been shipped to African countries. In fact, the rice that India and China are exporting to Africa is not destined for Africa, but it is part of the rice stockpiles of ...
Source: CafeF

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