Rice decreased 0.88 USD/CWT or 6.31% since the beginning of 2025, 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 March of 2025.

The world price of rice refers to the average price at which rice is traded on the international market. This article explores the factors influencing rice prices, such as supply and demand, production levels, government policies, and trade regulations. It also highlights the significance of price indices in tracking price movements and discusses the implications of rice price fluctuations for both producers and consumers. Understanding the world price of rice is crucial for decision-making related to food

In 2024, the retail price of long-grain, uncooked white rice stood at 1.03 U.S. dollars per pound. In 2008, rice prices rose to record highs, from 55 to 81 U.S. cents, as global trade restrictions were put in place, causing many large importers to panic buy rice. U.S. rice industry In the United States, about 2.5 million acres of rice were planted and harvested in 2021. The top rice-producing states that year were Arkansas, California, Louisiana, among others. Arkansas was the leading state by far, producing over 91 million cwt (centrum weight) of rice in 2021. Leading rice producers worldwide Within the 2019/2020 period, India and China were the top rice-producing countries by far, based on the area harvested. India harvested a milled rice area of approximately 44 and a half million hectares, while China’s area amounted to some 31 million hectares. In terms of production, however, China produced a higher volume of milled rice than India within the same crop year: China produced close to 147 million metric tons of rice, while India’s figures reached an estimated 119 million tons.

In July 2022, the rice price per ton stood at $812, growing by 9.8% against the previous month.

This statistic shows the monthly price index of rice (average for all rice varieties) from July 2022 to January 2025. In April 2023, the rice price index amounted to 124.2.

In 2024, the global rice market increased by 1.2% to $509B, rising for the fourth consecutive year after two years of decline. In general, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 3.1%. Global consumption peaked at $536.7B in 2014; however, from 2015 to 2024, consumption failed to regain momentum.

According to Cognitive Market Research, The Global Jasmine Rice market size is USD 58.9 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5% from 2023 to 2030.

Rising health awareness is making jasmine rice a popular, healthier choice, driving market growth.
Reduced trade barriers and globalization have expanded the Jasmine Rice Market by increasing access to international consumers, driving higher production and exports.
Brown Jasmine Rice is the fastest-growing segment in the market due to increasing consumer preference for healthier food choices.
North America will continue to lead, whereas the Asia Pacific Jasmine Rice market will experience the strongest growth until 2030.

Health Awareness Boosting Jasmine Rice's Popularity to Drive Market Growth

The increasing health awareness among consumers has instigated a significant transformation in dietary preferences. As individuals seek healthier food choices, jasmine rice has emerged as a prime beneficiary of this trend. This aromatic rice variety, renowned for its delightful fragrance and robust nutritional profile, is garnering widespread acclaim as a more health-conscious alternative compared to other rice varieties. Consumers increasingly view jasmine rice as a nutritious and flavorful option, creating a surge in demand. This newfound popularity, driven by the health-conscious shift in consumer choices, is a pivotal factor propelling the growth of the jasmine rice market, establishing it as a staple in the quest for healthier dietary options.

Rising Globalization Fuels Jasmine Rice Market Expansion

The globalization of markets and the reduction of trade barriers through international trade agreements have brought forth a positive transformation in the Jasmine Rice Market. As these barriers diminish, jasmine rice producers find themselves equipped with greater access to international markets. This newfound global reach led to a surge in consumer demand for jasmine rice, triggering increased production and higher export volumes. Consequently, the market expands as more regions around the world embrace the aromatic and flavorful qualities of jasmine rice, making it not just a local delight but a coveted commodity in the global culinary landscape.

The rice exports by Asian countries drives the Market

Market Dynamics of the Jasmine Rice

Effects of Export Restrictions on the Jasmine Rice Market to Limit Market Growth

The imposition of export restrictions and trade barriers on agricultural products, like jasmine rice, by certain governments stems from a combination of domestic food security concerns and geopolitical considerations. This protective stance can have far-reaching effects on the global jasmine rice market. These policies limit the availability of jasmine rice in international markets, creating price fluctuations and supply uncertainties. Importing nations find themselves grappling with the challenge of accessing affordable and consistent sources of jasmine rice, jeopardizing their food security. The instability in the market, driven by these restrictions, can disrupt the delicate balance of supply and demand, impacting both producers and consumers alike.

Impact of COVID-19 on the Jasmine Rice Market

COVID-19 had a significant impact on the Jasmine Rice Market. The pandemic disrupted supply chains and hampered rice production and distribution due to lockdowns and labor shortages. Export challenges arose as key importing nations faced logistical issues, causing fluctuations in export volumes and prices. With more people cooking at home, there was a shift in consumer demand, leading to price volatility. Some producers adapted by exploring online sales channels and innovative packaging. While the pandemic's immediate impacts have been felt, the Jasmine Rice Market continues to evolve as the situation unfolds, with ongoing adjustments in response to the new normal in the global food industry. Introduction of The Jasmine Rice Market

The growing health consciousness among consumers is steering them towards healthier dietary choices. Jasmine rice, renowned for its enticing aroma and nutritional richness, is increasingly becoming the preferred choice for health-conscious individuals. This perception of jasmine rice as a more nutritious and flavorsome option is significantly boosting its demand, ultimately fueling the expansion of the jasmine rice market....

The Report Covers Rice Production in Asia-Pacific. The Market is Segmented by Geography (China, India, Japan, Thailand, Vietnam, Australia, Pakistan, Bangladesh, The Philippines, Indonesia, and Sri Lanka). The Study Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Size and Forecast are Provided in Terms of Value (USD) and Volume (Metric Tons).

The Report Covers Rice Demand in the Indian Market. It Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), and Trade in Terms of Import Analysis (Value and Volume), Export Analysis (Value and Volume), and Price Trend Analysis of Rice. The Report Offers the Market Size and Forecasts in Terms of Volume in Metric Tons and Value in USD for all the Above Segments.

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 China Rice Market Report is Analyzed by Production (volume), Consumption (volume and Value), Import (volume and Value), Export (volume and Value), and Price Trend. The Report Offers the Market Size and Forecast in Terms of Value (USD) and Volume (metric Tons) for the Above-Mentioned Segments.

Brazil Agricultural Market Price: Rice: 50 Kg: Alagoas data was reported at 41.520 BRL in May 2019. This records an increase from the previous number of 40.100 BRL for Apr 2019. Brazil Agricultural Market Price: Rice: 50 Kg: Alagoas data is updated monthly, averaging 35.985 BRL from Jan 2014 (Median) to May 2019, with 62 observations. The data reached an all-time high of 56.940 BRL in Oct 2016 and a record low of 0.000 BRL in Sep 2016. Brazil Agricultural Market Price: Rice: 50 Kg: Alagoas data remains active status in CEIC and is reported by National Supply Company. The data is categorized under Brazil Premium Database’s Agriculture Sector – Table BR.RIH002: Agriculture Market Price: Rice.

The North American Rice Market Report is Segmented by Geography (United States, Canada, and Mexico). The Report Analyzes Production (Volume), Consumption (Volume and Value), Imports (Volume and Value), Exports (Volume and Value), and Price Trends for These Segments. The Market Size and Forecasts are Presented in Volume (Thousand Metric Tons) and Value (USD) Across all Segments.

Average Retail Price: Rice: Modern Market: East Java: Madiun Municipality data was reported at 14,000.000 IDR/kg in 25 Mar 2025. This stayed constant from the previous number of 14,000.000 IDR/kg for 24 Mar 2025. Average Retail Price: Rice: Modern Market: East Java: Madiun Municipality data is updated daily, averaging 12,350.000 IDR/kg from Jun 2017 (Median) to 25 Mar 2025, with 1966 observations. The data reached an all-time high of 22,000.000 IDR/kg in 19 Jun 2017 and a record low of 11,900.000 IDR/kg in 10 Jan 2023. Average Retail Price: Rice: Modern Market: East Java: Madiun Municipality data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Prices – Table ID.PB032: Average Retail Price: Modern Market: By Regions: Rice. [COVID-19-IMPACT]

The United States Rice Market Report Includes Production Analysis (volume), Consumption Analysis (value and Volume), Export Analysis (value and Volume), Import Analysis (value and Volume), and Price Trend Analysis. The Report Offers the Market Size and Forecast in Value (USD) and Volume (metric Tons).

Brazil Agricultural Market Price: Rice: 50 Kg: Rio Grande do Sul data was reported at 42.450 BRL in May 2019. This records an increase from the previous number of 39.990 BRL for Apr 2019. Brazil Agricultural Market Price: Rice: 50 Kg: Rio Grande do Sul data is updated monthly, averaging 33.710 BRL from Jan 2008 (Median) to May 2019, with 137 observations. The data reached an all-time high of 60.130 BRL in Feb 2016 and a record low of 18.680 BRL in May 2011. Brazil Agricultural Market Price: Rice: 50 Kg: Rio Grande do Sul data remains active status in CEIC and is reported by National Supply Company. The data is categorized under Brazil Premium Database’s Agriculture Sector – Table BR.RIH002: Agriculture Market Price: Rice.

The Global Rice Trade Analysis Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Report Offers the Import Analysis (Value and Volume) and Export Analysis (Value and Volume) of Rice Based On the Abovementioned Segments. The Report Provides Market Estimation and Forecasts in Value (USD) and Volume (metric Tons) for the Abovementioned Segments.

This statistic shows rice price indices worldwide from 2016 to 2024. In 2024, rice was indexed at 133.1, up from 108.8 in 2022.

The statistic shows the market value of rice between 2008 and 2010, including a forecast for 2015, based on the sales price. In 2008, the market value of rice in China, based on the sales price, amounted to around 1.32 billion U.S. dollars.

In 2024, the Nigerien paddy rice market increased by 18% to $4.2B, rising for the third year in a row after three years of decline. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2024: its value increased at an average annual rate of +5.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +34.8% against 2021 indices.