Rice futures were trading around $16.1 per hundredweight, the lowest in 10 weeks, amid softening demand due to concerns over s possible recession and signs of ample supplies. India, the world's biggest rice exporter, said it has no plans to restrict exports as stocks remain abundant, and harvests in the country are expected to be good this year. Also, Thailand, the second-largest exporter, expects to ship more than 7 million tonnes of rice this year, exceeding its initial target. So far, in January-April 2022, the country has exported 2,291,916 tonnes of rice, an increase of 52.7 percent compared to last year. Still, prices remain well supported by ongoing disruptions in agricultural commodities worsened by the war in Ukraine. Deadly floods in Bangladesh have damaged 75,000 hectares of paddy, according to the agriculture ministry.

Historically, Rice reached an all time high of 24.46 in April of 2008. Rice - data, forecasts, historical chart - was last updated on June of 2022.

Rice is expected to trade at 16.31 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 17.09 in 12 months time.

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Rice



Price Day Month Year
Soybeans 1,670.00 -4.25 -0.25% -0.79% 15.43%
Wheat 914.50 -1.00 -0.11% -15.91% 38.88%
Lumber 633.60 16.00 2.59% -3.05% -11.51%
Cheese 2.23 -0.1180 -5.03% -7.55% 36.47%
Palm Oil 4,917.00 14.00 0.29% -22.00% 32.53%
Milk 22.80 -1.53 -6.29% -9.52% 34.83%
Cocoa 2,317.00 -36.00 -1.53% -7.17% -1.82%
Cotton 104.28 1.28 1.24% -24.97% 22.39%
Rubber 260.60 0.20 0.08% 3.82% 16.60%
Orange Juice 179.50 1.70 0.96% 1.21% 51.41%
Coffee 232.65 10.75 4.84% 0.61% 47.01%
Oat 677.00 13.0000 1.96% 1.08% 72.05%
Wool 1,430.00 -26.00 -1.79% 0.70% 0.49%
Rice 16.45 0.2400 1.48% -6.24% 25.05%
Canola 899.10 2.80 0.31% -24.20% 7.10%
Sugar 18.80 0.25 1.35% -3.09% 4.79%
Tea 2.76 -0.01 -0.36% 3.37% 3.76%
Corn 763.25 -7.0000 -0.91% 1.29% 6.04%


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 exporters of rice are Thailand, Vietnam, India 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
16.45 16.21 24.46 0.75 1981 - 2022 USD/CWT Daily