Rice futures traded around $11 per hundredweight, the highest level since early October, amid signs of higher demand from African countries. A mid-January report from the Observatory of International Rice Statistics (OSIRIS) noted that strong demand in sub-Saharan Africa continues to support high import levels amid persistent structural challenges in local production. Rice imports into Sub-Saharan Africa were estimated at 22.3 million tonnes in 2025, a 13.7% increase year-on-year from 19.6 million tonnes in 2024. Still, global prices are expected to remain under pressure this year, as major producers, including India, Thailand and Vietnam hold surplus stocks. According to the USDA, ample supply is expected in 2025/26, with global milled rice shipments projected at 62.8 million tons, up 5.2% from last season, and world production at 541.16 million tons.

Rice fell to 11.07 USD/cwt on February 3, 2026, down 0.36% from the previous day. Over the past month, Rice's price has risen 11.64%, but it is still 18.27% lower than a year ago, 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 February 3 of 2026.

Rice fell to 11.07 USD/cwt on February 3, 2026, down 0.36% from the previous day. Over the past month, Rice's price has risen 11.64%, but it is still 18.27% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rice is expected to trade at 10.85 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 10.17 in 12 months time.



Price Day Month Year Date
Soybeans 1,061.93 1.68 0.16% 1.40% -1.22% Feb/03
Wheat 529.88 2.13 0.40% 3.39% -8.17% Feb/03
Lumber 596.50 2.50 0.42% 12.23% 0.03% Feb/02
Cheese 1.40 -0.0589 -4.03% -2.84% -26.45% Feb/03
Palm Oil 4,201.00 -28.00 -0.66% 4.71% -2.39% Feb/03
Milk 14.62 0 0% -2.73% -28.23% Feb/02
Cocoa 4,210.00 45.00 1.08% -30.72% -61.65% Feb/02
Cotton 62.82 0.024 0.04% -2.82% -6.16% Feb/03
Rubber 187.00 -4.30 -2.25% 2.92% -4.64% Feb/02
Orange Juice 188.30 -22.80 -10.80% -9.41% -58.59% Feb/02
Coffee 335.25 3.00 0.90% -6.71% -12.81% Feb/02
Oat 301.29 0.5405 0.18% -1.05% -16.13% Feb/03
Wool 1,665.00 0 0% 8.05% 39.68% Feb/03
Rice 11.12 0.0850 0.77% 12.05% -17.97% Feb/03
Canola 645.97 0.97 0.15% 5.76% -0.17% Feb/03
Sugar 14.26 -0.01 -0.07% -3.19% -25.82% Feb/02
Corn 427.10 1.3453 0.32% -3.92% -13.63% Feb/03


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. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
11.07 11.12 24.46 0.75 1981 - 2026 USD/CWT Daily

News Stream
Rice Futures at Near 4-Month Highs
Rice futures traded around $11 per hundredweight, the highest level since early October, amid signs of higher demand from African countries. A mid-January report from the Observatory of International Rice Statistics (OSIRIS) noted that strong demand in sub-Saharan Africa continues to support high import levels amid persistent structural challenges in local production. Rice imports into Sub-Saharan Africa were estimated at 22.3 million tonnes in 2025, a 13.7% increase year-on-year from 19.6 million tonnes in 2024. Still, global prices are expected to remain under pressure this year, as major producers, including India, Thailand and Vietnam hold surplus stocks. According to the USDA, ample supply is expected in 2025/26, with global milled rice shipments projected at 62.8 million tons, up 5.2% from last season, and world production at 541.16 million tons.
2026-01-27
Rice Rises to 3-Month Highs
Rice futures traded above $10.7 per hundredweight, reaching three-month highs as supplies tightened despite a broadly ample global supply outlook. In India, export prices firmed after higher paddy costs and ongoing government procurement reduced marketable supplies, lifting FOB offers to their highest levels in months. In Brazil, Cepea reports that spot liquidity in Rio Grande do Sul remains constrained as producers prioritize export commitments, limiting immediate availability even as opening stocks increase. These origin-specific constraints matter because global buyers rely on a narrow set of suppliers, meaning small disruptions at the farmgate or port level can quickly lift nearby prices. By contrast, the broader balance remains comfortable, with the USDA projecting global milled rice trade at around 62.8 Mt in 2025/26 and world production near 541 Mt.
2026-01-21
Rice Hits 13-week High
Rice increased to 10.73 USD/cwt, the highest since October 2025. Over the past 4 weeks, Rice gained 9.05%, and in the last 12 months, it decreased 27.59%.
2026-01-21