Rice prices eased to around $13.5 per hundredweight, retreating from the 18-month high of $14.3 reached on July 22 as traders reassess the balance between weather risks and ample global supplies. Earlier gains were driven by concerns that El Niño and below-normal monsoon rainfall could reduce rice production across major Asian growers, particularly India, Vietnam and the Philippines. Although these risks remain, conditions in India have improved after a revival in monsoon rains accelerated rice planting and significantly narrowed the earlier sowing deficit. In addition, India's rice exports rose 5% in the first half of 2026, supported by strong non-basmati shipments and abundant domestic supplies, helping keep global markets well supplied. However, prices remain relatively elevated because weather uncertainty has not disappeared. Dry conditions could still affect yields later in the season, while the USDA projects tighter US rice supplies and lower ending stocks.

Rice rose to 13.96 USD/cwt on July 31, 2026, up 1.42% from the previous day. Over the past month, Rice's price has risen 8.51%, and is up 13.96% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Rice reached an all time high of 24.46 in April of 2008. Rice - data, forecasts, historical chart - was last updated on August 1 of 2026.

Rice rose to 13.96 USD/cwt on July 31, 2026, up 1.42% from the previous day. Over the past month, Rice's price has risen 8.51%, and is up 13.96% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rice is expected to trade at 14.15 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 15.13 in 12 months time.



Price Day Month Year Date
Soybeans 1,172.00 -5.25 -0.45% 4.06% 21.86% Jul/31
Wheat 639.25 -24.25 -3.65% 7.98% 23.71% Jul/31
Lumber 614.00 -11.00 -1.76% -0.89% -11.72% Jul/31
Cheese 1.69 0.0500 3.06% 8.15% -3.93% Jul/31
Palm Oil 4,643.00 -40.00 -0.85% 1.89% 9.38% Jul/31
Milk 15.67 0.03 0.19% 1.23% -8.90% Jul/31
Cocoa 5,397.00 285.00 5.58% 5.99% -34.44% Jul/31
Cotton 81.79 1.120 1.39% 6.06% 27.02% Aug/01
Rubber 216.30 2.80 1.31% 0.23% 31.09% Jul/31
Orange Juice 154.95 8.95 6.13% -9.44% -33.87% Aug/01
Coffee 332.10 9.05 2.80% 7.16% 16.85% Jul/31
Oat 310.25 -1.7500 -0.56% 14.27% -11.42% Jul/31
Wool 1,873.00 0 0% -3.60% 51.17% Jul/31
Rice 13.96 0.1950 1.42% 8.51% 13.96% Jul/31
Canola 758.20 -10.40 -1.35% 2.95% 11.03% Aug/01
Sugar 14.66 0.23 1.59% -1.28% -9.78% Aug/01
Corn 440.75 -5.0000 -1.12% 4.69% 13.16% Jul/31


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 exporter of rice is India accounting for around 40% followed by Vietnam, Thailand, Pakistan, 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. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
13.96 13.77 24.46 0.75 1981 - 2026 USD/CWT Daily

News Stream
Rice Eases from 18-Month High
Rice prices eased to around $13.5 per hundredweight, retreating from the 18-month high of $14.3 reached on July 22 as traders reassess the balance between weather risks and ample global supplies. Earlier gains were driven by concerns that El Niño and below-normal monsoon rainfall could reduce rice production across major Asian growers, particularly India, Vietnam and the Philippines. Although these risks remain, conditions in India have improved after a revival in monsoon rains accelerated rice planting and significantly narrowed the earlier sowing deficit. In addition, India's rice exports rose 5% in the first half of 2026, supported by strong non-basmati shipments and abundant domestic supplies, helping keep global markets well supplied. However, prices remain relatively elevated because weather uncertainty has not disappeared. Dry conditions could still affect yields later in the season, while the USDA projects tighter US rice supplies and lower ending stocks.
2026-07-29
Rice Hits 17-month High
Rice increased to 14.12 USD/cwt, the highest since February 2025. Over the past 4 weeks, Rice gained 12.79%, and in the last 12 months, it increased 13.66%.
2026-07-21
Rice Extends Gains to 1-1/2-Year High
Rice futures extended gains above $14 per hundredweight, reaching their highest level since January 2025, as traders weighed mounting climate risks and renewed geopolitical tensions. Forecasts point to the development of a strong El Niño across key producing regions in Southeast Asia and parts of the Southern Hemisphere, with rice considered among the crops most vulnerable to adverse weather. Despite these concerns, global supplies remain ample following several strong harvests, led by India. India's stockpiles reached an all-time high of 68.4 million tonnes in June. Indonesia has also accumulated record reserves as farmers accelerate planting ahead of potential weather disruptions, and Thailand's inventories are at their highest level in a decade. Meanwhile, renewed tensions in the Middle East have increased concerns over possible disruptions to commodity shipments through the Strait of Hormuz.
2026-07-20