Rice fell to 12.69 USD/cwt on July 15, 2025, down 0.70% from the previous day. Over the past month, Rice's price has fallen 5.44%, and is down 12.19% 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 - values, historical data, forecasts and news - updated on July of 2025.

As of December 2024, the retail price index of rice in India was approximately 147. This was a slight increase as compared to the previous year in December when the retail price index was over 139. Retail prices index is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.

The global basmati rice market, valued at USD 6.34 Billion in 2024, has experienced significant growth, driven by diverse market segments such as organic, fortified, and ready-to-cook rice products, addressing varied consumer demands. The market is projected to grow at a compound annual growth rate (CAGR) of 2.00% from 2025 to 2034, potentially reaching USD 7.73 Billion by 2034. This growth is further supported by the growing perception of Basmati rice as a healthier alternative to regular rice, typically offering a lower glycemic index, which is beneficial for diabetics and health-conscious individuals.

Exports of Non Basmati Rice in India increased to 27739.74 INR Million in January from 23086.78 INR Million in December of 2023. This dataset includes a chart with historical data for India Exports of Non Basmati Rice.

In 2020, the average price for *** kilograms of basmati rice in Saudi Arabia was ***** Saudi riyals. There was an increase in the price of basmati rice compared to the previous year. The general consumer price index for that year was ******, implying a *** percent inflation compared to 2019.

Basmati Rice Market Outlook

The global basmati rice market size is experiencing a robust growth trajectory, projected to reach a valuation of approximately USD 24 billion by 2032, up from USD 15 billion in 2023, at a compound annual growth rate (CAGR) of 5.3% during the forecast period. The growth of this market is primarily driven by increasing consumer awareness of the health benefits of basmati rice, along with its unique aromatic properties which distinguish it from other rice variants. The demand for basmati rice has been bolstered by its rising popularity not only in traditional regions where it has been a staple but also in new markets where a burgeoning interest in exotic and healthy food items is evident.

The expanding middle-class population, especially in emerging economies, is one of the key factors driving the growth of the basmati rice market. As disposable incomes rise, consumers are more willing to invest in premium food products, including basmati rice, which is often regarded as a delicacy due to its unique flavor and nutritional benefits. Additionally, the trend towards healthier eating patterns has led consumers to replace conventional rice varieties with basmati rice, known for its lower glycemic index and rich nutrient profile. This shift in dietary preferences is not just restricted to Asia but is also evident in European and North American markets, where health-conscious consumers are increasingly opting for basmati rice over other types of rice.

The growth of e-commerce platforms and online retailing has also significantly contributed to the expansion of the basmati rice market. Convenience, variety, and competitive pricing offered by online retailers have made it easier for consumers around the world to access a wide range of basmati rice products. Moreover, e-commerce platforms provide a valuable channel for smaller producers to reach a global audience, further stimulating market growth. The trend is particularly noticeable in regions with high internet penetration, where consumers are increasingly shifting from traditional retail outlets to online stores for their grocery needs, including specialty products like basmati rice.

Environmental factors and sustainable farming practices are becoming increasingly important in the basmati rice market. The demand for organically grown basmati rice is on the rise as consumers are becoming more environmentally conscious and prefer products that are sustainably sourced. Governments and agricultural bodies in key producing countries like India and Pakistan are promoting sustainable agriculture through various initiatives and subsidies, which not only help in preserving the environment but also enhance the quality and yield of basmati rice. This focus on sustainability is expected to attract a larger consumer base, thus driving the market growth further.

As the basmati rice market continues to expand, it's important to recognize the role of other rice varieties, such as Ponni Rice, which also hold significant cultural and economic value in various regions. Ponni Rice, primarily cultivated in the southern parts of India, is known for its soft texture and aromatic qualities, making it a staple in South Indian cuisine. Its popularity is not just limited to India; Ponni Rice has found a growing consumer base in international markets due to its unique characteristics and versatility in cooking. This variety complements the global rice market by offering consumers diverse options that cater to different culinary traditions and preferences.

Regionally, Asia Pacific continues to dominate the basmati rice market, accounting for the largest share due to its historical and cultural connection with the product. However, markets in North America and Europe are witnessing substantial growth due to increasing consumer inclination towards ethnic cuisines and healthy food products. The Middle East and Africa are also notable markets where basmati rice is a staple diet component, with a steady demand growth projected over the forecast period. Efforts to expand basmati rice production and distribution in Latin America are also underway, making it an emerging market with potential growth opportunities.

Product Type Analysis

In the basmati rice market, the product type segment is dominantly categorized into raw, parboiled, and steamed basmati rice. Raw basmati rice holds a significant portion of the market share due to its unique aromatic and flavorful properties, making it a preferred choice for traditional

Pakistan Commodity Price: High: Rice Basmati:386 data was reported at 20,000.000 PKR/100 kg in 12 May 2025. This stayed constant from the previous number of 20,000.000 PKR/100 kg for 08 May 2025. Pakistan Commodity Price: High: Rice Basmati:386 data is updated daily, averaging 20,000.000 PKR/100 kg from Jul 2022 (Median) to 12 May 2025, with 527 observations. The data reached an all-time high of 25,000.000 PKR/100 kg in 11 Oct 2023 and a record low of 13,000.000 PKR/100 kg in 17 Aug 2022. Pakistan Commodity Price: High: Rice Basmati:386 data remains active status in CEIC and is reported by Business Recorder. The data is categorized under Global Database’s Pakistan – Table PK.P001: Commodity Price.

According to Cognitive Market Research, the global basmati rice market size will be USD XX Billion in 2024 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2030. • Detailed market segmentation analysis at a various level such as type, application, distribution, and region. • Detailed analysis of the factors that drive and restrain the basmati rice market. • Current dominating region analysis and forecasted region analysis. • Asia-Pacific region dominated the market and accounted for the highest revenue of XX% in 2024 and it is projected that it will grow at a CAGR of XX% in the future. • Overview of current market trends and opportunities in the basmati rice market. • The parboiled rice type segment accounts for the largest market share and is anticipated to a healthy growth over the approaching years with a market size of USD XX billion in 2024.

Market Dynamics of Basmati Rice Market

Key Drivers for Basmati Rice Market

Population growth and rising demand a major driving factors for the basmati rice market

Increasing population will increase the consumption of rice, China is one of the leading countries in rice consumption because their population is high so the demand for rice is also high. The growing population will demand more food with great variety. highest rice-producing country. Also, China accounts for being the largest consumer of rice. It accounts for around 30% consumption of globally produced rice. Also, with increasing popularity of basmati rice and its health benefits among the young population boosts the market for basmati rice. Basmati rice is a good source of essential nutrients like carbohydrates, protein, and B vitamins. Basmati rice has a lower fat content compared to other rice varieties, making it a healthier choice for weight management, its aromatic flavor makes basmati rice unique from other rice varieties. For instance- Horeca is referred to as the hotel and food service industries that accept basmati rice as their staple food ingredient, which is consumed by people in high demand. Every restaurant or hotel experiences immense demand or requests from their guests to serve them with basmati rice. Such a demand contributes to increased production and sales of basmati rice, leading to the growth of the market. Hence, the increasing population reflects the consumption rate of basmati rice global market.

Modern trade and the rise of E-commerce drive the market of basmati rice

Modern trade of basmati rice is executed when various countries are importing rice from India and Pakistan. India is the biggest exporter of basmati rice, and the rise of demand in the world for Indian basmati has helped the market grow to substantial heights and generate great revenues in the prior forecast periods. e-commerce, the trend for ordering foods and groceries online has immensely increased. Moreover, there is an increase in the count of on-demand grocery apps, which is helping people order their pack of basmati rice and other goods from the comfort of their homes. This is what contributes immensely to the growth of the basmati rice market in the present forecast period. Because of their busy lifestyle people shifted from traditional store shopping to modern shopping for their convenience.

Key Restraints for Basmati Rice Market

Climatic conditions and supply chain disruption lead to many challenges for the Basmati rice market 

The delightful aroma and alluring taste of basmati rice have conquered the taste buds and hearts of millions of food enthusiasts worldwide. But climatic changes like drought, and unpredictable weather patterns, affect the quality of basmati rice. Basmati rice is revered for its aromatic taste, texture, and quality. Rice cultivation needs an average of 100 to 200 CM rainfall. It is a highly water-consuming crop. Most of the time because of poor irrigation systems and delayed monsoon a large amount of underground water is used for Rice cultivation. Deep tube wells are used for drawing underground water. These deep tube wells need high electricity consumption. A great amount of water resources is wasted in this way. Also, disruptions in the supply chain hinder the import and export market of basmati rice like...

Global Basmati Rice market size is expected to reach $23.38 billion by 2029 at 12.3%, segmented as by product, parboiled, raw, steamed

Pakistan Average Retail Price: Basmati Rice: Broken data was reported at 72.070 PKR/kg in 2018. This records an increase from the previous number of 63.900 PKR/kg for 2017. Pakistan Average Retail Price: Basmati Rice: Broken data is updated yearly, averaging 19.600 PKR/kg from Jun 1991 (Median) to 2018, with 28 observations. The data reached an all-time high of 74.080 PKR/kg in 2014 and a record low of 6.100 PKR/kg in 1991. Pakistan Average Retail Price: Basmati Rice: Broken data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.P001: Average Retail Price.

Snapshot img

Rice Market Size 2023-2027

The rice market size is projected to increase by 85.65 million T, at a CAGR of 3.6% between 2022 and 2027.

Market growth in the rice industry is driven by several key factors. Firstly, increased consumption of rice as a staple food globally is a significant factor. Secondly, the diverse range of rice varieties available from producers caters to various consumer preferences and market demands. Thirdly, rising demand for rice flour from emerging markets, particularly in the food processing and cosmetics industries, is another crucial factor. These elements collectively fuel market growth, emphasizing rice's importance as a vital food source.
As consumption patterns evolve and dietary trends shift, producers are expected to continue innovating to meet diverse consumer preferences. Brown rice, in particular, is gaining popularity due to its health benefits and environmental sustainability. Producers must adapt to changing market dynamics to ensure continued growth and sustainability in the rice industry. This trend underscores the significance of brown rice as a crucial food source and the need for producers to stay competitive and responsive to market demands.

What will be the Size of the Rice Market During the Forecast Period?

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How is the Rice Market Segmented?

The rice market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'Million ton' for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

Product Outlook 

  Long grain
  Medium grain
  Short grain


Distribution Channel Outlook 

  Offline
  Online


Region Outlook

  North America

    The U.S.
    Canada


  Europe

    The U.K.
    Germany
    France
    Rest of Europe


  APAC

    China
    India


  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa


  South America

    Chile
    Brazil
    Argentina

By Product

The market share growth by the long-grain segment will be significant during the forecast period. Long-grain rice is slim and lengthy, having a length that is three to five times its width. This segment has a range of rice varieties such as basmati and jasmine.

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The long-grain segment was valued at 177.73 million T in 2017. Long-grain rice is widely produced and consumed across Asian countries. These countries are some of the largest consumers of rice in the world. Thus, the popularity of long-grain rice in leading rice-consuming countries in the world is driving the growth of the long-grain segment of the global market. Furthermore, long-grain rice is believed to be healthier than other rice varieties.
For instance, basmati rice is low in carbohydrates and cholesterol, making it suitable for consumption by people with chronic disorders such as diabetes, cardiac diseases, and obesity. Such health benefits of long-grain rice increase its popularity among consumers, which, in turn, will drive rice market growth during the forecast period.

By Distribution Channel

The offline distribution channel segment generates revenue from the sales of products through hypermarkets, supermarkets, department stores, and independent retailers. Retailers are introducing new business and retail strategies, for example, better pricing strategies and wider assortments, owing to the declining preference for offline shopping and the need to survive in a competitive market. As a part of the marketing and offline sales strategy, resellers place attractive displays that generate strong sales. companies push their offline sales by widening their store operations across locations.
Companies can increase sales and cater to each consumer category through expansions in large geographies. With the growth in retail channels in cities and regions, customers have access to different varieties of rice, such as brown rice, basmati rice, and jasmine rice. This is expected to increase the sales of rice through offline channels during the forecast period. 

By Region

Get a glance at the market share of various regions. View PDF Sample

APAC is estimated to contribute 73% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the biggest producer and consumer of rice in the world. The region consumes about two-thirds of the total rice produced globally. Thus, rice is available in plenty across the region. Countries including China, Thailand, and India use rice in the preparation of a wide range of daily-use food items such as rice wine. This keeps the demand for rice high in the region.
Growin

Commodity Price: Low: Rice Basmati: 386 data was reported at 18,000.000 PKR/100 kg in 12 May 2025. This stayed constant from the previous number of 18,000.000 PKR/100 kg for 08 May 2025. Commodity Price: Low: Rice Basmati: 386 data is updated daily, averaging 18,000.000 PKR/100 kg from Jul 2022 (Median) to 12 May 2025, with 527 observations. The data reached an all-time high of 22,000.000 PKR/100 kg in 11 Oct 2023 and a record low of 11,000.000 PKR/100 kg in 17 Aug 2022. Commodity Price: Low: Rice Basmati: 386 data remains active status in CEIC and is reported by Business Recorder. The data is categorized under Global Database’s Pakistan – Table PK.P001: Commodity Price.

Brown Basmati Rice Market Outlook

The global market size for Brown Basmati Rice was valued at approximately USD 1.4 billion in 2023 and is projected to reach USD 2.8 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period. This substantial growth is driven by several factors, including increasing health consciousness among consumers, expanding culinary applications, and rising demand for organic food products.

One of the primary growth factors for the Brown Basmati Rice market is the increasing awareness about the health benefits associated with the consumption of whole grains. Brown Basmati Rice, being a whole grain, retains its bran and germ, making it a rich source of dietary fiber, vitamins, and minerals. As consumers become more health-conscious, there has been a noticeable shift towards incorporating whole grains into their diets, thereby fueling the demand for Brown Basmati Rice. Additionally, the lower glycemic index of Brown Basmati Rice compared to white rice makes it a preferred choice among diabetic individuals and those looking to manage their weight.

Another significant growth driver is the rising popularity of ethnic and gourmet foods around the world. Basmati rice, known for its unique aroma and flavor, is a staple in many South Asian cuisines and has gained international acclaim. As more people explore global culinary experiences, the demand for Brown Basmati Rice has surged in various regions beyond its traditional markets. Moreover, the increasing number of restaurants and food service establishments offering Basmati rice-based dishes further propels market growth.

The surge in organic food consumption is another crucial factor contributing to the growth of the Brown Basmati Rice market. Organic Brown Basmati Rice, grown without the use of synthetic pesticides and fertilizers, has become increasingly popular among health-conscious consumers who prefer natural and sustainably produced food products. The growing availability of organic options in retail stores and online platforms has made it easier for consumers to access and purchase Organic Brown Basmati Rice, thereby driving its market growth.

Regionally, Asia Pacific dominates the Brown Basmati Rice market, accounting for the largest market share. This region, particularly India and Pakistan, is the primary producer and exporter of Basmati rice. The presence of favorable climatic conditions for Basmati rice cultivation, along with a long-standing tradition of rice farming, contributes to the dominance of Asia Pacific in the market. Additionally, the increasing consumption of Basmati rice in countries like China and Japan further bolsters regional market growth. North America and Europe are also significant markets, driven by the growing demand for ethnic foods and organic products.

Product Type Analysis

The Brown Basmati Rice market can be segmented by product type into Organic Brown Basmati Rice and Conventional Brown Basmati Rice. The segment of Organic Brown Basmati Rice is witnessing robust growth, driven by the increasing consumer preference for organic and natural food products. Organic Brown Basmati Rice is grown without the use of synthetic fertilizers and pesticides, making it a healthier and environmentally sustainable option. The growing awareness about the adverse effects of chemical residues on health and the environment has led to a surge in demand for organic food products, including Organic Brown Basmati Rice.

Conventional Brown Basmati Rice, on the other hand, remains a significant segment due to its widespread availability and relatively lower cost compared to organic varieties. This segment caters to a broader consumer base, including those who prioritize price over organic certification. However, it is important to note that conventional Brown Basmati Rice still offers numerous health benefits associated with whole grains, making it a popular choice among health-conscious consumers.

Within the Organic Brown Basmati Rice segment, there is an increasing trend towards certification and traceability. Consumers are becoming more discerning about the authenticity and source of their food products. As a result, certified organic labels and transparent supply chains are gaining importance. This trend is encouraging producers and marketers to invest in certification processes and provide detailed information about the origin and cultivation practices of their Organic Brown Basmati Rice products.

The Conventional Brown Basmati Rice segment also benefits fro

The global basmati rice market is experiencing robust growth, driven by increasing consumer demand for premium rice varieties and the rising popularity of healthier food options. The market's expansion is fueled by several key factors. Firstly, the growing middle class in developing economies, particularly in Asia and the Middle East, is increasing disposable income and demand for high-quality food products like basmati rice. Secondly, the health benefits associated with basmati rice, including its low glycemic index and nutritional value, are driving consumer preference. Thirdly, the rising popularity of Indian and Asian cuisines globally is increasing the demand for basmati rice in international markets. The market is segmented by application (direct edible and deep processing) and type (Indian Basmati Rice, Pakistani Basmati Rice, Kenyan Basmati Rice, and Others). While Indian and Pakistani basmati rice dominate the market, Kenyan and other varieties are gaining traction, driven by local production and increased export capabilities. However, challenges remain, including fluctuating rice prices due to weather patterns and geopolitical instability impacting production and trade. Furthermore, competition from other rice varieties and the potential for trade restrictions could hinder market growth. Despite these restraints, the market is projected to maintain a healthy Compound Annual Growth Rate (CAGR) over the forecast period (2025-2033), indicating a promising future for basmati rice producers and stakeholders. The leading players in the basmati rice market, including KRBL, Amira Nature Foods, LT Foods, and others, are focusing on expanding their global reach, improving production efficiency, and developing innovative products to cater to evolving consumer preferences. Strategies like strategic partnerships, brand building, and investments in research and development play a crucial role in achieving competitive advantage. Geographic expansion into new markets, particularly in regions with growing demand for premium rice, is also a key focus. Regional market shares are expected to vary significantly, with Asia Pacific and the Middle East & Africa likely maintaining a substantial share due to strong domestic consumption and significant export demand. North America and Europe are also experiencing growth, fueled by increasing demand from diverse ethnic communities and the growing adoption of basmati rice in mainstream culinary practices. The market’s future trajectory will depend on various factors, including climate change resilience in agricultural production, evolving consumer preferences, trade policies, and the ability of key players to navigate global economic uncertainty.

India WPI: Wt: Mfg: Food: GM: Basmati Rice data was reported at 0.426 % in Oct 2018. This stayed constant from the previous number of 0.426 % for Sep 2018. India WPI: Wt: Mfg: Food: GM: Basmati Rice data is updated monthly, averaging 0.426 % from Apr 2012 (Median) to Oct 2018, with 79 observations. The data reached an all-time high of 0.426 % in Oct 2018 and a record low of 0.426 % in Oct 2018. India WPI: Wt: Mfg: Food: GM: Basmati Rice data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH035: Wholesale Price Index: 2011-12=100: Weights: Manufactured Products: Food.

India WPI: Mfg: Food: GM: Basmati Rice data was reported at 113.300 2011-2012=100 in Oct 2018. This stayed constant from the previous number of 113.300 2011-2012=100 for Sep 2018. India WPI: Mfg: Food: GM: Basmati Rice data is updated monthly, averaging 105.500 2011-2012=100 from Apr 2012 (Median) to Oct 2018, with 79 observations. The data reached an all-time high of 125.500 2011-2012=100 in Apr 2014 and a record low of 93.000 2011-2012=100 in Aug 2016. India WPI: Mfg: Food: GM: Basmati Rice data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH007: Wholesale Price Index: 2011-12=100: Manufactured Products: Food.

Pakistan Average Retail Price: Rice Basmati Broken data was reported at 201.120 PKR/kg in Apr 2025. This records a decrease from the previous number of 202.790 PKR/kg for Mar 2025. Pakistan Average Retail Price: Rice Basmati Broken data is updated monthly, averaging 201.995 PKR/kg from Jan 2020 (Median) to Apr 2025, with 44 observations. The data reached an all-time high of 234.250 PKR/kg in Sep 2023 and a record low of 81.600 PKR/kg in Jan 2020. Pakistan Average Retail Price: Rice Basmati Broken data remains active status in CEIC and is reported by Pakistan Bureau of Statistics. The data is categorized under Global Database’s Pakistan – Table PK.P: Average Retail Price: 2015-16 Price.

India had the highest export volume of rice worldwide, at 22 million metric tons as of 2024/2025. Thailand was the second largest rice exporter, with about 7.5 million metric tons of rice worldwide in that year. Global rice supply In the last few years, the global rice supply amounted to over 700 million metric tons of milled equivalent each year. The production of milled rice was projected to amount to almost 503 million metric tons worldwide in 2023. Among the many varieties of rice, U.S. California medium-grain rice had the highest export price and India 25% rice the lowest average export price per ton in 2022. Global rice consumption Between 2008 and 2022, global rice consumption increased by over 80 million metric tons, from 437 million metric tons to around 520 million metric tons. In 2022/2023, the top three countries for rice consumption were China, India, and Bangladesh. That year, about 155 million metric tons of rice were consumed in China.