Rice Futures Near 9-Month High

2026-05-13 01:36 By Czyrill Jean Coloma 1 min. read

Rice futures rose more than 1% to $12 per hundredweight in mid-May, reaching its highest level since August 2025, as concerns over a tightening supply outlook supported prices.

The USDA projects US rice supplies for the 2026–27 season at 175.2 million hundredweight, down about 15% from the previous year.

The agency also raised its forecast for the average farm price to $13.50 per hundredweight, accelerating from $12.10 in the 2025–26 season.

Elsewhere, farmers across Asia are reducing rice planting due to soaring fertilizer prices and higher fuel costs, which were exacerbated by the ongoing conflict involving Iran.

Moreover, the onset of El Niño is expected to bring hotter and drier conditions to the region in the second half of the year, with signs of strain already emerging across parts of Southeast Asia.

Despite these risks, global rice stocks remain ample after years of strong production, with top exporter India holding a record 42 million tons.



News Stream
Rice Futures Near 9-Month High
Rice futures rose more than 1% to $12 per hundredweight in mid-May, reaching its highest level since August 2025, as concerns over a tightening supply outlook supported prices. The USDA projects US rice supplies for the 2026–27 season at 175.2 million hundredweight, down about 15% from the previous year. The agency also raised its forecast for the average farm price to $13.50 per hundredweight, accelerating from $12.10 in the 2025–26 season. Elsewhere, farmers across Asia are reducing rice planting due to soaring fertilizer prices and higher fuel costs, which were exacerbated by the ongoing conflict involving Iran. Moreover, the onset of El Niño is expected to bring hotter and drier conditions to the region in the second half of the year, with signs of strain already emerging across parts of Southeast Asia. Despite these risks, global rice stocks remain ample after years of strong production, with top exporter India holding a record 42 million tons.
2026-05-13
Rice Futures at Over 8-Month High
Rice futures traded around $11.8 per hundredweight, the highest since August 2025, amid rising risks to the supply outlook. Global rice supplies are expected to decline this year as farmers across Asia reduce planting due to fertilizer shortages and higher fuel costs linked to the Iran war. At the same time, the emergence of El Niño is expected to bring hotter and drier conditions to the region in the second half of the year, potentially further curbing production. Fertilizer shortages and drought are already weighing on yields from smaller crops being harvested in Southeast Asia, while the upcoming main harvest is expected to face even greater pressure. India, Thailand and the Philippines plant their main crops in June and July, while Vietnam and Indonesia are currently sowing their second-season crops. Despite these risks, global rice stocks remain ample after years of strong production, with top exporter India holding a record 42 million tons.
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Rice Hits 31-week High
Rice increased to 11.49 USD/cwt, the highest since September 2025. Over the past 4 weeks, Rice gained 3.53%, and in the last 12 months, it decreased 8.96%.
2026-05-05