Rice Futures Hover Near 2-Week High

2026-04-22 16:17 By Luisa Carvalho 1 min. read

Rice futures traded around $11 per hundredweight, holding close to the highest in two weeks, as geopolitical tensions disrupted supply chains.

Prices had been in a prolonged downtrend since 2024 and had recently approached decade lows amid expectations of ample global supply.

Global inventories remain comfortable, with production expected to reach a record high of 563 million tons in the 2025/26 season.

India, the world’s largest exporter, has resumed near full-capacity shipments after exporting about 21.5 million tons in 2025.

However, major producers are facing higher fuel and fertilizer costs amid disruptions to key shipping routes, including the Strait of Hormuz, linked to the Middle East conflict.

Rice, particularly basmati, relies heavily on long-distance maritime transport, making it sensitive to higher freight and insurance costs.

In Thailand, conditions have been further strained by a prolonged dry season, which has reduced yields and tightened supplies of the current crop.



News Stream
Rice Futures Hover Near 2-Week High
Rice futures traded around $11 per hundredweight, holding close to the highest in two weeks, as geopolitical tensions disrupted supply chains. Prices had been in a prolonged downtrend since 2024 and had recently approached decade lows amid expectations of ample global supply. Global inventories remain comfortable, with production expected to reach a record high of 563 million tons in the 2025/26 season. India, the world’s largest exporter, has resumed near full-capacity shipments after exporting about 21.5 million tons in 2025. However, major producers are facing higher fuel and fertilizer costs amid disruptions to key shipping routes, including the Strait of Hormuz, linked to the Middle East conflict. Rice, particularly basmati, relies heavily on long-distance maritime transport, making it sensitive to higher freight and insurance costs. In Thailand, conditions have been further strained by a prolonged dry season, which has reduced yields and tightened supplies of the current crop.
2026-04-22
Rice Hits 5-week Low
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Rice Futures Hover Around 1-Month Low
Rice futures traded around $10.9 per hundredweight, near the lowest since early March, amid prospects of ample supply despite increased logistical costs and heightened geopolitical risks. Several Asian producers such as Vietnam, Indonesia and Thailand are currently in the peak of the winter–spring harvest, supporting near-term supply availability. Meanwhile, the USDA, in its April monthly report, projected higher global rice supplies for 2025/26, largely due to greater production in Thailand, along with lower consumption and higher ending stocks. The US rice outlook showed steady supplies, lower domestic use, reduced exports, and higher ending stocks. Data released on March 31 indicated that US rice planting intentions for 2026 showed a significant reduction in cultivated area amid climate challenges, rising costs, and global market uncertainty.
2026-04-10