Rice futures rose above $11 per hundredweight in March, the highest level in about a month, tracking broader gains in grain markets amid the war involving Iran. The conflict has pushed insurance premiums, container freight rates, and fuel costs higher, while also disrupting shipping routes. On the supply side, the FAO, in its latest Cereal Supply and Demand Brief, increased its 2025/26 global rice production forecast by 1.7 million tonnes to 563.4 million tonnes (milled basis), representing a 2.1% yoy increase and a record high. Bangladesh, Brazil, China, India, and Indonesia are expected to lead the season’s production growth, more than offsetting declines projected for Madagascar, Pakistan, Thailand, and the US. Production estimate for Indonesia was also raised, as final government assessments indicate that a significant expansion in harvested area lifted Indonesian output to a decade high. Production estimates were also revised higher for Thailand.

Rice rose to 10.98 USD/cwt on March 9, 2026, up 0.77% from the previous day. Over the past month, Rice's price has fallen 2.19%, and is down 19.71% 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 March 9 of 2026.

Rice rose to 10.98 USD/cwt on March 9, 2026, up 0.77% from the previous day. Over the past month, Rice's price has fallen 2.19%, and is down 19.71% 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 10.61 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 9.84 in 12 months time.



Price Day Month Year Date
Soybeans 1,179.44 -5.56 -0.47% 5.07% 17.97% Mar/09
Wheat 595.03 -16.22 -2.65% 12.64% 9.13% Mar/09
Lumber 561.59 0.59 0.11% -6.48% -12.99% Mar/09
Cheese 1.66 -0.0012 -0.07% 5.52% -3.45% Mar/09
Palm Oil 4,375.00 157.00 3.72% 5.35% -2.34% Mar/05
Milk 16.42 0.05 0.31% 8.24% -10.86% Mar/09
Cocoa 3,319.11 89.11 2.76% -14.70% -59.31% Mar/09
Cotton 64.68 0.482 0.75% 5.02% -1.88% Mar/09
Rubber 195.70 1.50 0.77% 3.00% -0.56% Mar/09
Orange Juice 182.16 1.91 1.06% 3.62% -34.57% Mar/09
Coffee 296.91 3.61 1.23% 2.14% -23.26% Mar/09
Oat 314.82 -16.1773 -4.89% 4.07% -13.98% Mar/09
Wool 1,767.00 0 0% 5.37% 44.24% Mar/09
Rice 10.98 0.0841 0.77% -2.19% -19.71% Mar/09
Canola 727.16 -3.64 -0.50% 8.97% 28.67% Mar/09
Sugar 14.62 0.52 3.66% 6.22% -22.44% Mar/09
Corn 436.63 -10.3745 -2.32% 1.84% -4.82% Mar/09


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. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
10.98 10.90 24.46 0.75 1981 - 2026 USD/CWT Daily

News Stream
Rice Prices Nearly One-Month Highs
Rice futures rose above $11 per hundredweight in March, the highest level in about a month, tracking broader gains in grain markets amid the war involving Iran. The conflict has pushed insurance premiums, container freight rates, and fuel costs higher, while also disrupting shipping routes. On the supply side, the FAO, in its latest Cereal Supply and Demand Brief, increased its 2025/26 global rice production forecast by 1.7 million tonnes to 563.4 million tonnes (milled basis), representing a 2.1% yoy increase and a record high. Bangladesh, Brazil, China, India, and Indonesia are expected to lead the season’s production growth, more than offsetting declines projected for Madagascar, Pakistan, Thailand, and the US. Production estimate for Indonesia was also raised, as final government assessments indicate that a significant expansion in harvested area lifted Indonesian output to a decade high. Production estimates were also revised higher for Thailand.
2026-03-09
Rice Hits 4-week Low
Rice decreased to 10.55 USD/cwt, the lowest since January 2026. Over the past 4 weeks, Rice lost 0.93%, and in the last 12 months, it decreased 24.33%.
2026-02-18
Rice Futures at 1-Month Lows
Rice futures eased to below $9.90 per hundredweight, the lowest since early January, pressured by ample global supply from abundant harvests in major Asian exporters, which more than offset demand. The FAO’s latest Cereal Supply and Demand Brief released on February 6, projected global rice production for 2025/26 at 561.6 million tonnes, up 2% year-on-year and an all-time high, reflecting a 2.9 million-tonne upward revision since December, largely driven by stronger-than-expected output in India. Higher output in Bangladesh, Brazil, China and Indonesia is also seen outweighing contractions in Madagascar, Pakistan, Thailand, and the United States. Global rice stocks are expected to climb 3.8% by the end of the 2025/26 marketing year, reaching a new high of 217.7 million tonnes, exceeding December estimates by 900,000 tonnes, primarily due to India’s revised reserves.
2026-02-16