Assessment Of Global Rice Production And Export Opportunity For Economic Development In Ethiopia

The study was conducted on the assessment of global rice production and its export opportunity for economic development. Ethiopia is a versatile country and gate way to many African countries. The country is well known for agriculture having overall climate conduciveness with improved 4 factors of production. Rice is the staple food. Around 3.5 Billion people are consuming the rice. It is dietary food for 17 Asian, 9 American and 8 African countries. In 2009, China produced 197 MTs; India 131MTs and Indonesia 64 MTs.50 % of US production was exported for income generation. Thus, Rice has not only consumption but also a good scope for domestic and international Market. With view of these, the study was conducted with an objective to assess the global rice production. The study assumed (Hypothesis) that the (H1) Rice export in Ethiopia will influence the economic development. The study employed secondary source for analyses and proved hypothesis, Rice production will positively correlated with economic development. The study conclude that rice has become a commodity of strategic significance across much of Ethiopia for domestic consumption as well as export market for economic development