Our Rice Platform had a remarkable year in 2020, achieving its second-highest earnings before tax in a decade, thanks to successful arbitrage decisions and robust supply chain management.
Experience & Expertise
Our experienced team leveraged their connections and technical know-how to capture margins in highly volatile conditions driven by the Covid-19 pandemic and drought in Thailand, a major rice exporter.
Investment in the Future
We invested in our Côte d’Ivoire warehouse, a key asset that will help capture freight arbitrage margins at destination and reinforce risk management capability.
Guy de Montulé
Head of Rice
“Price volatility was extremely strong in the first half of the year, as buyers at destination built food security stocks and suppliers at origin were impacted by temporary governmental export bans, in the context of Covid-19. Our merchandizing and risk management expertise were crucial in this environment, to ensure supply chain continuity and timely delivery for customers.”
More Rice Highlights
Total rice volumes traded grew by 10% year on year.
In South & Southeast Asia, the Platform doubled earnings before tax, year on year.
86% of global Rice Platform volumes went to Africa in 2020, up from 72% in 2019. Trade flows to Africa are expected to keep growing over the next 10 years.
As Indian rice saw the largest growth among origination markets, the Platform bought 23% of its rice from India in 2020, up from 11% in 2019.
We diversified revenue by adding rice oil to our range of Mastergold products in China, meeting consumer demand for high-end, healthy edible oils.
private rice trader globally
year-on-year growth in volumes traded
storage capacity at future warehouse in Abidjan, Côte d’Ivoire
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