Rice
Robust Results
Despite margins squeezed by rising freight costs, a lack of shipping capacity and Covid-induced logistic bottlenecks, the Platform delivered robust results.
Strong Relationships
Low market volatility limited trading opportunities, but our experienced team leveraged strong relationships in the market to turn in another profitable performance.
Building Success
Our new Côte d’Ivoire warehouse, now completed, will help capture freight arbitrage margins and reinforce risk management capability.
Guy de Montulé
Head of Rice
“Although trading opportunities were impacted globally, the Rice Platform successfully navigated a volatile market to secure healthy returns. We also cemented LDC’s position as a leading rice distributor and supplier in Africa.”
More Rice Highlights
Managed freight exposure through judicious use of forward freight agreements and successful navigation of bunker hedging markets.
Release of large rice stocks in India shifted demand away from other key origins. India now accounts for one third of the Platform’s volumes.
Volumes traded with African buyers grew, with the top five destinations remaining Senegal, Côte d’Ivoire, Sierra Leone, Cameroon and Niger.
No. 1
private rice trader globally
↑14%
year-on-year increase in share of LDC volumes sourced from India
30+
destinations covered by LDC
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Our market insight and risk management expertise helped LDC navigate an uncertain environment and deliver strong financial results.
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Robust performance, with increased volumes for existing flows and new flows for multiple products, bolstered by completion of asset construction and enhancements.
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