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.

The Rice Trade Analysis size was valued at USD 306.38 Million in 2023 and is projected to reach USD 356.79 Million by 2032, exhibiting a CAGR of 2.20 % during the forecast periods. . Key drivers include the benefits of hybrid seeds, government initiatives, rising food security concerns, and technological advancements. Hybrid seeds offer higher yields, improved disease resistance, and better grain quality. Governments are promoting rice cultivation through subsidies and incentives. Growing population and urbanization contribute to increased demand for rice. Advancements in irrigation, harvesting, and post-harvest technologies enhance productivity and reduce losses. Recent developments include: September 2022: India banned the export of broken rice, and a 20% export duty was imposed on non-basmati rice. This is the first ban by India after the 2011 ban on non-basmati rice for three years., August 2022: The Indian Central Government has decided to procure 51.8 million tons of rice in the 2022-2023 procurement season after a high-level meeting with representatives from central rice-producing states., February 2022: China issues a minimum price on rice for 2022. The National Development and Reform Commission (NDRC) has set the minimum purchase prices for varieties like early India, late Indica, and Japonica rice. The volume purchased at the minimum fee will be limited to 50 million tons.. Notable trends are: Favorable Trade Policies.

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.

MEA Basmati rice market growth is supported by rising paddy output in Nigeria, which produced 4.9 Million tons of rice in 2020–2021.

Saudi Arabia was the leading importer of Indian rice in terms of export value of over 93 billion Indian rupees in financial year 2023. The south Asian country was the leading exporter of the fragrant basmati rice to global markets that year.

Rice is one of the most widely consumed grains in the world. As the most populous country in the world, China also consumes more rice than any other country, with about *** million metric tons consumed in 2024/2025. Following China, India is ranked second with *** million metric tons of rice consumed in the same period. Rice production Rice requires very specific conditions in order to flourish. It must be grown in a field flooded with several inches of water, known as a paddy field. Unsurprisingly, China and India also top the list as the biggest producers of rice worldwide. Rice has such a neutral flavor that it can be integrated into almost any kind of dish, paired with virtually any flavor. In China, rice is often steamed and served alongside stir-fried meat and vegetables. Rice varieties Though there are dozens of varieties of rice grown and consumed across globe, the three most prominent types of rice are indica, japonica, and aromatic. The price index of all rice, however, has increased by over ** points since 2016.