Project report for RICE CULTIVATION

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Introduction

Rice is the most important food crop of India covering about one-fourth of the total cropped area and providing food to about half of the Indian population. Rice is one of the chief grains of India. Moreover, this country has the largest area under rice cultivation. As it is one of the principal food crops. It is, in fact, the dominant crop of the country. India is one of the leading producers of this crop. Rice is the basic food crop and being a tropical plant, it flourishes comfortably in a hot and humid climate. Rice is mainly grown in rain-fed areas that receive heavy annual rainfall. In India rice is grown in 43.86 million ha, the production level is 104.80 million tones and the productivity is about 2390 kg/ha. It is grown under diverse soil and climatic conditions the productivity level of rice is low compared to the productivity levels of many countries in the world. Also about 90 % of the cultivated land belongs to Marginal, Small and Medium farmers which is another constrain in increasing the productivity of rice in the country. It is, therefore, there is ample scope to increase the productivity of rice in the country.  India’s thrust on expanding port handling infrastructure, development of value chain involving key stakeholders along with efforts to explore new opportunities in countries or markets for rice exports in the last couple of years have led to a huge spike in rice exports.

Market potential & Strategy

The Rice Market size is forecast to reach INR 23,124.13 Crores by 2025, growing at a CAGR of 2.9% during the forecast period 2020-2025. Rice is the most important food crop of the developing world and the staple food of more than half of the world's population. Rich in nutrients and vitamins and minerals, it an excellent source of complex carbohydrates. Red rice is one of the popular kind of rice that is coloured red by its anthocyanin content. Red rice has the highest nutritional value among all the varieties of rice. Grain parboiled rice is rice that has been partially boiled in the husk. Grain fragrant rice is a long-grain variety of fragrant rice whose fragrance results from the rice plant's natural production of aroma compounds. Growing demand for carbohydrate-rich diet among majority of the global population, increasing rice production and quality management by farming sectors in many countries, increasing trends of rice exports and increasing government policies initiatives for development and commercialization of major domestic rice production industries are driving the market growth in recent years. India has been the top exporter in the global rice trade, accounting for 29.3% of the global rice exports. Rice is the most important cereal food crop of India, occupying one-fourth of the gross cropped area of the country. As the basic food crop, rice is cultivated comfortably in a hot and humid climate. In the country, the crop is mainly grown as a Kharif crop in rain fed areas that receive heavy annual rainfall. With the increasing demand for rice globally, exports are increasing from India. There is a growth of 6.0% per annum furthermore, the growing consumption of rice in emerging and developing nations across the world may drive the growth of rice exports during the forecast period.

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