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Supporting the rice industry

Rice is an important commodity and food. The world production in 2015 is estimated at 491.4 million tonnes of milled rice. Most rice is consumed in the originating countries, but international rice trade is growing rapidly. The volume of international rice trade has increased almost fourfold, from 7.5 million tonnes annually in the 1960s to an average of 28.5 million tonnes during 2000–2009.

Multiple types of rice are traded, such as: Basmati, Arborio and White long-grain rice. With also a rough rice futures market available on the CME to support market risk management, rice is more and more seen as a trading commodity. Agiblocks supports the rice industry, with allowance of all rice specifics support and capturing all properties to the length-to-width ratio of rice.