Rice Hits 12-month High

Rice increased to 13.34 USD/cwt, the highest since June 2025. Over the past 4 weeks, Rice gained 6.47%, and in the last 12 months, it increased 5.13%.

Rice futures traded around $12.8 per hundredweight, close to the highest level since June 2025, driven by El Niño-related supply concerns. The weather event is expected to disrupt global agricultural production in the months ahead, with rice viewed as the most vulnerable crop. Forecasts suggest it will peak during the Northern Hemisphere winter and extend into early 2027, with Southeast Asia and parts of the Southern Hemisphere most at risk. Supporting this view, the International Grains Council (IGC) pegged 2026/27 global rice output at 545 million tons, unchanged from the previous month and slightly below last season’s record of 546 million. It warned that El Niño could pressure yields in major Asian producers, particularly Thailand. In India, weak monsoon rainfall has raised output concerns, though stocks remain ample. Government rice inventories hit a record 68.43 million tonnes as of June 1, well above buffer requirements.

Rice increased to 12.98 USD/cwt, the highest since May 2026. Over the past 4 weeks, Rice lost 0.37%, and in the last 12 months, it decreased 0.68%.