Rice Futures at 2-Week Lows

2026-07-06 14:25 By Luisa Carvalho 1 min. read

Rice futures traded around $12.7 per hundredweight, their lowest in two-weeks, as supply fundamentals remained favorable despite weather-related risks.

While El Niño could disrupt upcoming harvests, elevated inventories and expectations of near-normal conditions in key producing regions are expected to cushion the impact.

Global rice stocks remain abundant after successive strong harvests, led by India.

World milled rice inventories reached a record 196.2 million tons at the start of 2026, while India's stocks climbed to an all-time high of 68.4 million tons in June.

The USDA expects India to export a record 25 million tonnes this year, with year-end stocks also projected to remain elevated.

Indonesia, a key rice importer, is also holding record stockpiles as farmers accelerate planting to reduce El Niño risks.

Meanwhile, stock levels in Thailand are at their highest in a decade, with fresh second-crop arrivals expected from late July.



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