Rice is a staple food crop that is grown in many parts of the world and is one of the most important food crops globally, providing more than 20% of global caloric intake. Rice is used for both human consumption and industrial uses.

Rice is a globally traded commodity, and its price can be affected by a variety of factors such as supply and demand, weather conditions, and geopolitical events. Rice is grown in many countries around the world, and the largest rice exporting countries include Thailand, Vietnam, Pakistan, and India.

Rice trading is the buying and selling of rice, in order to make a profit by buying low and selling high in the global market. Traders can buy and sell rice through various financial instruments such as futures contracts or swaps. Rice trading also helps to ensure a steady supply of rice to meet the demands of the industry and helps manufacturers to hedge the price risk of raw materials.