Rice rose to 11.79 USD/cwt on August 29, 2025, up 2.34% from the previous day. Over the past month, Rice's price has fallen 4.57%, and is down 21.40% 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 September 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.

Wholesale Price: Average: Rice: All India data was reported at 2,682.680 INR/Quintal in Nov 2018. This records an increase from the previous number of 2,679.470 INR/Quintal for Oct 2018. Wholesale Price: Average: Rice: All India data is updated monthly, averaging 2,415.990 INR/Quintal from Jan 2009 (Median) to Nov 2018, with 119 observations. The data reached an all-time high of 2,713.480 INR/Quintal in Jul 2018 and a record low of 1,439.460 INR/Quintal in Jul 2009. Wholesale Price: Average: Rice: All India data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PC060: Wholesale Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Rice.

Get the latest insights on price movement and trend analysis of Rice in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Rice Price in India - 2023. Find the latest marketing data on the IndexBox platform.

This Dataset contains state-wise daily wholesale and retail price of essential commodity Rice

In December 2022, the average retail price per kilogram of rice in the south Indian city of Chennai was the highest, valuing to ** Indian rupees. In comparison, the average retail price of one kilogram of rice in Mumbai amounted to above **** Indian rupees.

India Retail Price: DCA: Daily: Rice: Maximum Price data was reported at 57.000 INR/kg in 30 Nov 2018. This stayed constant from the previous number of 57.000 INR/kg for 29 Nov 2018. India Retail Price: DCA: Daily: Rice: Maximum Price data is updated daily, averaging 42.000 INR/kg from Jan 2010 (Median) to 30 Nov 2018, with 2565 observations. The data reached an all-time high of 59.000 INR/kg in 14 Dec 2017 and a record low of 24.000 INR/kg in 03 Mar 2010. India Retail Price: DCA: Daily: Rice: Maximum Price data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PB016: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Daily: by Cities: Rice.

This dataset contains Food Prices data for India, sourced from the World Food Programme Price Database. The World Food Programme Price Database covers foods such as maize, rice, beans, fish, and sugar for 98 countries and some 3000 markets. It is updated weekly but contains to a large extent monthly data. The data goes back as far as 1992 for a few countries, although many countries started reporting from 2003 or thereafter.

In December 2022, the average monthly retail price of rice in the South zone was ***** Indian rupees per kilogram in India. The average monthly retail price of rice in the South zone was the highest as compared to the other zones in India.

In November 2022, the price of rice was $476 per ton (FOB India), a 2.1% increase from the previous month.

Retail Price: DCA: Monthly Average: Rice: East Zone: Madhepura data was reported at 41.900 INR/kg in Aug 2023. This records an increase from the previous number of 39.970 INR/kg for Jul 2023. Retail Price: DCA: Monthly Average: Rice: East Zone: Madhepura data is updated monthly, averaging 38.110 INR/kg from Sep 2022 (Median) to Aug 2023, with 12 observations. The data reached an all-time high of 51.400 INR/kg in Sep 2022 and a record low of 36.700 INR/kg in Apr 2023. Retail Price: DCA: Monthly Average: Rice: East Zone: Madhepura data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PC154: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by Cities: Rice (Discontinued).

In 2024, the retail price of long-grain, uncooked white rice stood at **** U.S. dollars per pound. In 2008, rice prices rose to record highs, from ** to ** 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 *** 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 ** 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 ** and a half million hectares, while China’s area amounted to some ** 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 *** million metric tons of rice, while India’s figures reached an estimated *** million tons.

Retail Price: Rice: South Zone: Bangalore data was reported at 57.000 INR/kg in Sep 2023. This records an increase from the previous number of 55.000 INR/kg for Aug 2023. Retail Price: Rice: South Zone: Bangalore data is updated monthly, averaging 21.500 INR/kg from Jan 2000 (Median) to Sep 2023, with 256 observations. The data reached an all-time high of 64.000 INR/kg in Apr 2021 and a record low of 9.000 INR/kg in Sep 2002. Retail Price: Rice: South Zone: Bangalore data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under Global Database’s India – Table IN.PC129: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Month End: by Cities: Rice (Discontinued).

The India 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 Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

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.

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 March 2023, the Rice Paddy price in India stood at $337 per ton (FOB), showing a decrease of -1.8% compared to the previous month.

The Wholesale Price Index of paddy across India during financial year 2024 stood at *****. The price index value of paddy increased by about ** percent from the base year of 2012. An overall increase in the price index was seen over the years from financial year 2013 in the country.

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