Rice futures have sustained their recent gains, trading near $17 per hundredweight, their highest level since July 2024, amid concerns over tightening supply and rising logistical costs. In its October outlook, the FAO forecast global rice production at 552.5 million tonnes for the 2026/27 season, down 2.4% from the prior season’s record. Although global stocks are expected to remain historically high, potentially cushioning supply pressures, adverse weather is adding to production risks in key Asian markets. In India, output is forecast to fall by 6.5% in 2026 to 144 million tonnes, as below-normal monsoon rainfall and reduced summer planting weigh on production. Meanwhile, flooding in Thailand is disrupting river transport and delaying planting for the next crop, while the risk of El Niño-related weather disruptions adds further uncertainty over yields across Asia. Higher fuel, freight and insurance costs amid geopolitical tensions in the Middle East are also supporting prices.
Rice rose to 16.97 USD/cwt on October 9, 2026, up 0.71% from the previous day. Over the past month, Rice's price has risen 8.57%, and is up 58.90% 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 October 11 of 2026.
Rice rose to 16.97 USD/cwt on October 9, 2026, up 0.71% from the previous day. Over the past month, Rice's price has risen 8.57%, and is up 58.90% 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 17.29 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 18.41 in 12 months time.