Rice futures were trading above the $17-per-hundredweight mark, not far from a two-year peak of $18 touched in May, as lingering concerns about tightening supplies continued to drive prices higher. Adverse weather across top rice suppliers in Asia, including the biggest exporter India, threatens to reduce the continent's output, which accounts for almost 90% of the world's rice production. At the same time, EU output is forecast at the lowest level since 1995/96 on severe drought conditions in Italy and Spain. A similar trend is seen in the United States, with forecasts pointing to lower production. Such severe disruptions in global supplies combined with a record level of consumption worldwide should supercharge existing upward momentum in the market and further fuel food inflation, which is already at record high levels.

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

Rice is expected to trade at 17.45 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 18.25 in 12 months time.

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Rice



Price Day Month Year
Soybeans 1,447.50 -46.50 -3.11% 3.63% 5.73%
Wheat 785.73 -15.02 -1.88% -3.33% 6.97%
Lumber 593.40 4.50 0.76% -7.40% 30.07%
Cheese 1.98 0.0030 0.15% -10.79% 23.90%
Palm Oil 4,182.00 57.00 1.38% 6.01% -5.13%
Milk 20.17 0.01 0.05% -10.55% 24.74%
Cocoa 2,341.00 -19.00 -0.81% 0.52% -10.20%
Cotton 120.42 0.98 0.82% 19.92% 25.83%
Rubber 149.40 -0.90 -0.60% -5.02% -15.83%
Orange Juice 173.85 -2.30 -1.31% 14.45% 28.63%
Coffee 219.60 -5.90 -2.62% 1.53% 22.72%
Oat 438.22 -22.0268 -4.79% -8.70% -13.65%
Wool 1,342.00 0 0% -3.31% -2.19%
Rice 17.01 -0.0700 -0.41% -0.38% 26.29%
Canola 810.00 -26.40 -3.16% -5.35% -11.79%
Sugar 18.33 -0.21 -1.13% -5.56% -8.44%
Tea 3.02 0 0% 6.71% 5.59%
Corn 610.11 -16.6442 -2.66% -0.35% 9.29%


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
17.01 17.08 24.46 0.75 1981 - 2022 USD/CWT Daily