Chicago rough rice futures surged to a 16-month high of $14.5 per hundredweight, firmly rebounding from a two-month low of $13.0 hit at the beginning of November, underpinned by an ongoing fertilizer crisis and higher export prices from top exporter India. Indian rice export prices received a boost from a stronger rupee and mounting supply chain constraints stemming from both pandemic-related issues and rising fertilizer prices, with Indian farmers complaining of having to sit in queues for days for a few bags of fertilizer. Elsewhere, the Bengali government announced it will purchase the upcoming season’s rice at 40 taka per kilogram (roughly $0.47), up from the prior price of 37 taka per kilogram (roughly $0.43).

Historically, Rice reached an all time high of 1349 in September of 2020. Rice - data, forecasts, historical chart - was last updated on December of 2021.

Rice is expected to trade at 15.12 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 17.03 in 12 months time.

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Rice


Price Day Month Year
Soybeans 1,226.75 9.5000 0.78% -1.39% 6.49%
Wheat 783.25 9.5000 1.23% -1.04% 35.51%
Lumber 824.50 30.00 3.78% 43.89% 29.80%
Cheese 1.72 -0.0380 -2.16% -2.82% -29.55%
Palm Oil 4,687.00 15.00 0.32% -5.69% 41.35%
Milk 18.01 -0.03 -0.17% 0.95% 18.56%
Cocoa 2,320.00 -2.00 -0.09% -9.52% -21.62%
Cotton 113.25 1.60 1.43% -3.41% 61.81%
Rubber 229.50 3.60 1.59% 6.94% -10.53%
Orange Juice 122.15 -0.75 -0.61% 3.69% -2.79%
Coffee 233.25 -0.60 -0.26% 11.76% 100.90%
Oat 720.75 -2.2500 -0.31% -5.20% 144.74%
Wool 1,343.00 2.00 0.15% 0.75% 18.53%
Rice 14.06 0.0200 0.14% 7.99% 12.89%
Canola 986.50 -0.60 -0.06% -7.44% 70.20%
Sugar 18.61 0.01 0.05% -4.76% 27.47%
Tea 3.06 0 0% 3.38% 5.88%
Corn 571.25 4.2500 0.75% -0.31% 36.34%


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 exporters of rice are Thailand, Vietnam, India 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. Trading Economics does not verify any data and disclaims any obligation to do so.