Rice futures rose above $16 per hundredweight, their highest level since July 2024, amid expectations of tighter supply. While global rice supplies remain ample, erratic weather and below-normal monsoon rains in major Asian producers continue to cloud the supply outlook. Top exporter India is on course for its weakest monsoon in nearly two decades in the face of a strengthening El Nino weather phenomenon. The country's rice output is set to fall this year for the first time in a decade, with the decline expected to be the steepest in nearly 20 years. On the other hand, favorable rainfall in Thailland's key growing regions is expected to boost next year's off-season rice crop. Meanwhile, Indonesia has brought forward planting and distributed water pumps to protect rice production from drier El Niño conditions. Rice output is estimated at 31.41 million tons in January-October, little changed from 31.44 million tons a year earlier, according to statistics bureau data.
Rice fell to 16.46 USD/cwt on September 28, 2026, down 0.78% from the previous day. Over the past month, Rice's price has risen 7.90%, and is up 44.85% 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 September 28 of 2026.
Rice fell to 16.46 USD/cwt on September 28, 2026, down 0.78% from the previous day. Over the past month, Rice's price has risen 7.90%, and is up 44.85% 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 16.60 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 17.97 in 12 months time.