Rice is increasingly significant in the World Bank Group's (WBG) Climate Change Action Plan (2021-2025), focusing on climate-smart rice-farming systems and value chains. At COP28 in 2023, the World Bank launched the Global Methane Reduction Platform for Development (CH4D platform) to help low- and middle-income countries achieve the "methane triple wins" of reducing emissions, enhancing resilience, and empowering livelihoods
Authors
Bottriell,Kathleen Anne, Oh,Heather Renee, Johnson,Alan David, Maiztegui,Maria Josefina, Bluestein,Jessica Camilli
- Disclosure Date
- 2024/11/21
- Disclosure Status
- Disclosed
- Doc Name
- Sustainable Rice Market Insights : A Preliminary Survey - Introduction to the Market and Financing Opportunities
- Pages
- 51
- Published in
- United States of America
- Unit Owning
- MAS Global - Agri & Forestry (CMGAF)
- Version Type
- Final
- Volume No
- 1
Table of Contents
- Table of Contents 3
- Acronyms 4
- Food security livelihoods and climate impact 5
- Executive Summary 5
- RICE 3.5 billion 1.5 billion 144 million 5
- Opportunities for supplier finance for the rice sector 6
- Market for sustainable rice 6
- 46280 200000 6
- 30 111 6
- 1 0.04 6
- Box 1 Benchmarking of the SRP Standard 7
- Recommendations for supporting further market development 7
- 1. Introduction 8
- 1.1 IFC context 8
- 1.2 Global importance of rice 8
- 1.3 Global production and trade 9
- Figure 2 Global Milled Rice Exports 10
- 1.4 Rice varieties 11
- Box 2 IRRI Rice Varieties 12
- 1.5 Rice cultivation 12
- 132000 12
- Figure 3 Number of Crop Seasons 13
- Figure 4 Timing of Crop Seasons 14
- 2.1 Overview 15
- 2. Rice Supply Chain 15
- 2.2 Physical transformation 16
- Figure 7 Export Rice Supply Chain 16
- 2.3 Subsistence milling 16
- 2.4 Commercial paddy sourcing 16
- Table 1 Paddy-Sourcing Models 17
- 2.5 Commercial rice mills 18
- 2.6 Trading and transport 19
- 3.1 Greenhouse gas emissions 20
- 3.2 Water use 20
- 3. Key Impacts of Rice Cultivation 20
- 3.3 Human and labor rights 21
- 3.4 Contamination residues and food safety 21
- 4.1 History and evolution 22
- 4. The Sustainable Rice Platform 22
- 4.2 Structure and scope 23
- 4.3 Overview of the SRP market 24
- Figure 9 SRP Verified Logo for On-Pack Use 25
- Figure 10 Rice with On-Pack Labels 26
- Table 2 Other Standards Systems That Operate in the Rice Sector 29
- 4.4 Current challenges and opportunities 31
- 5.1 Rice investment experience to date 32
- 5.2 Opportunities for supplier finance 34
- Figure 11 Payment Terms in the Rice Sector 35
- Rice cultivation has significant global impacts but the potential for influencing the market through trade is limited. 37
- GTSF offers a channel for providing supplier finance but the level of demand for such services requires clarification. 37
- 6. Conclusion 37
- Further strategic analysis is needed to identify additional ways to support the Sustainable Rice Platform. 38
- The Sustainable Rice Platform should seek new ways to create value for members and to scale SRP-verified rice 39
- Annex 1. IFC Advisory Rice Projects 41
- Annex 2. SRP Supply Chain Membership List 42
- Annex 3. Interview List 44
- Annex 4. Descriptions of Sustainable Rice Practices 45
- References 47
