Business Ideas How to start a rice business?

[Good-Guy]

Rice is one of the most consumed product on the planet. It is one of the crops which is grown a lot in the recent times and it is also consumed by a really huge number of people on the planet. We must understand that rice might become a bit short in the future.

This is why the price of rice might increase. Having said that, each and every commodity's price is increasing for a long time. Starting a rice business may not be that easy. This is because there are many different kinds of rice in the market and you must consider selling each and every kind of rice. Moreover, there is a lots of competition in the rice market as well.

This is due to the fact that there have been many people who have ventured into this business for a long time. This may make it harder for new retailer who want to start this business. There are many local rice retailers in our city as well. So, do you think that you should start this business? What challenges would you face in case if you plan to start this business? have you started this business in the past as well?

 

[Etini]

I am sorry that I have to counter the original poster sharply. There is nothing absolutely competitive about the rice production business. The only challenge is that producing rice involves a very technical process that one has to master very well before entering into it. Selling rice profitably is not a difficult thing as one can sell even 100 bags within a space of 1 day. But the real challenge is how to produce the rice.

Rice is difficult to produce because it has a specified climatic condition that supports it's thriving making it restricted only to certain countries and regions.