ALL AGRI #Africa Rice Updates

Kolkata, Aug 28 (PTI) West Bengal-based rice manufacturer Bardhaman Agro Products on Thursday said it is exploring opportunities to set up rice mills in Africa, while also committing investments of around Rs 200-250 crore over the next five years to double its domestic capacity.

Market Forecast Driven by increasing demand for milled rice in Africa, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market volume to 64M tons by the end of 2035.