Strong Results

Our Rice Platform had a remarkable year in 2020, achieving its second-highest earnings before tax (EBT) 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 EBT 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.

No 1

private rice trader globally

↑10%

year-on-year growth in volumes traded

40,000 MT

storage capacity at future warehouse in Abidjan, Côte d’Ivoire

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