Actual
17.3200
Daily Change
0.07 0.38%
Monthly
7.81%
Yearly
65.27%
Q4 Forecast
17.6144
Rice - Summary

Rice futures traded above $17 per hundredweight, staying close to their highest level since July 2024, amid mounting supply concerns in major Asian exporting countries. India’s rice output is projected to decline by 7 million tonnes to 147 million tonnes in the 2026/27 marketing year following a weak monsoon. According to the USDA, Indian rice exports could also fall by around 4% to 24 million tonnes in 2027. The projected decline is significant for global markets, as India accounts for more than 40% of worldwide rice exports. Meanwhile, flooding in Thailand has disrupted rice transportation and raised concerns over planting delays and potential crop losses. The risk of a strengthening El Niño adds further uncertainty to production prospects. Higher freight and insurance costs are also increasing shipping expenses, while stronger demand, particularly from African countries, is adding to pressure on the global rice market.

Rice - Stats

Rice rose to 17.34 USD/cwt on October 19, 2026, up 0.11% from the previous day. Over the past month, Rice's price has risen 7.93%, and is up 65.45% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Rice reached an all time high of 24.46 in April of 2008. Rice - data, forecasts, historical chart - was last updated on October 19 of 2026.

Rice - Forecast

Rice rose to 17.34 USD/cwt on October 19, 2026, up 0.11% from the previous day. Over the past month, Rice's price has risen 7.93%, and is up 65.45% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rice is expected to trade at 17.61 USD/CWT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 18.78 in 12 months time.



Price Day Month Year Date
Soybeans 1,264.22 2.97 0.24% -4.80% 22.53% Oct/19
Wheat 664.31 3.81 0.58% -8.59% 31.61% Oct/19
Lumber 532.50 -4.00 -0.75% -3.18% -16.01% Oct/16
Cheese 1.63 0.0011 0.07% 8.41% -7.03% Oct/19
Palm Oil 4,676.00 80.00 1.74% -2.91% 3.59% Oct/16
Milk 15.27 0.07 0.46% -5.45% -10.07% Oct/16
Cocoa 5,645.00 -186.00 -3.19% -2.20% -4.24% Oct/16
Cotton 80.65 0.646 0.81% -3.33% 25.70% Oct/19
Rubber 254.70 -3.90 -1.51% 7.56% 48.69% Oct/16
Orange Juice 141.40 1.75 1.25% 1.00% -22.86% Oct/16
Coffee 305.60 10.80 3.66% 10.52% -23.11% Oct/16
Oat 401.05 3.3030 0.83% -3.65% 33.80% Oct/19
Wool 1,803.00 0 0% -2.91% 23.83% Oct/19
Rice 17.32 0.0650 0.38% 7.81% 65.27% Oct/19
Canola 811.06 -0.54 -0.07% -2.89% 31.79% Oct/19
Sugar 20.85 -0.28 -1.33% 13.81% 34.52% Oct/16
Corn 473.07 -1.1755 -0.25% -12.88% 11.77% Oct/19


Rice
Rough Rice futures so-called US. No. 2 are traded in the Chicago Board of Trade (CBOT). The standard contract unit is 2,000 hundredweights (CWT) an equivalent of 91 Metric Tons. The biggest exporter of rice is India accounting for around 40% followed by Vietnam, Thailand, Pakistan, and the United States. The biggest consumer of rice is China, followed by India, Indonesia, Bangladesh, and Vietnam. The rice market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our rice market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
17.34 17.32 24.46 0.75 1981 - 2026 USD/CWT Daily

News Stream
Rice Futures Hover at 2024-Highs
Rice futures traded above $17 per hundredweight, staying close to their highest level since July 2024, amid mounting supply concerns in major Asian exporting countries. India’s rice output is projected to decline by 7 million tonnes to 147 million tonnes in the 2026/27 marketing year following a weak monsoon. According to the USDA, Indian rice exports could also fall by around 4% to 24 million tonnes in 2027. The projected decline is significant for global markets, as India accounts for more than 40% of worldwide rice exports. Meanwhile, flooding in Thailand has disrupted rice transportation and raised concerns over planting delays and potential crop losses. The risk of a strengthening El Niño adds further uncertainty to production prospects. Higher freight and insurance costs are also increasing shipping expenses, while stronger demand, particularly from African countries, is adding to pressure on the global rice market.
2026-10-15
Rice Futures at Over 2-Year High
Rice futures have sustained their recent gains, trading near $17 per hundredweight, their highest level since July 2024, amid concerns over tightening supply and rising logistical costs. In its October outlook, the FAO forecast global rice production at 552.5 million tonnes for the 2026/27 season, down 2.4% from the prior season’s record. Although global stocks are expected to remain historically high, potentially cushioning supply pressures, adverse weather is adding to production risks in key Asian markets. In India, output is forecast to fall by 6.5% in 2026 to 144 million tonnes, as below-normal monsoon rainfall and reduced summer planting weigh on production. Meanwhile, flooding in Thailand is disrupting river transport and delaying planting for the next crop, while the risk of El Niño-related weather disruptions adds further uncertainty over yields across Asia. Higher fuel, freight and insurance costs amid geopolitical tensions in the Middle East are also supporting prices.
2026-10-09
Rice Hits 26-month High
Rice increased to 16.70 USD/cwt, the highest since July 2024. Over the past 4 weeks, Rice gained 7.76%, and in the last 12 months, it increased 55.54%.
2026-10-07