Rice rose to 12.74 USD/cwt on August 8, 2025, up 0.28% from the previous day. Over the past month, Rice's price has fallen 3.08%, and is down 14.16% 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 August of 2025.

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).

Thai rice prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 307.63 USD per metric ton with a minimum of 95.67 USD per metric ton in April 1971 and a maximum of 907 USD per metric ton in April 2008. | TheGlobalEconomy.com

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.

Graph and download economic data for Global price of Rice, Thailand (PRICENPQUSDM) from Jan 1990 to Jun 2025 about rice, Thailand, World, and price.

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.

US Long Grain Rice FOB: Oct '23 $406, Oct '24 $405 (-0.2%). Nov '23 $418, Nov '24 $393 (-6%). Dec '23 $425, Dec '24 $395 (-7%).

Graph and download economic data for Producer Price Index by Commodity: Farm Products: Rough Rice (WPU01230103) from Dec 2004 to Jun 2025 about rice, agriculture, commodities, PPI, inflation, price index, indexes, price, and USA.

In 2024, the global rice market increased by 3.6% to $513.3B, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2024 and is expected to retain growth in years to come.

The Rice Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The 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).

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.

Vietnamese rice price in , July, 2025 For that commodity indicator, we provide data from December 2003 to July 2025. The average value during that period was 398.43 USD per metric ton with a minimum of 197 USD per metric ton in December 2003 and a maximum of 780 USD per metric ton in June 2008. | TheGlobalEconomy.com

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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.

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.

Premium Quality, Sustainable Sourcing & Global Demand Fuel Growth

In 2025, the jasmine rice sector is gaining substantial traction, propelled by consumers' inclination towards high-quality, aromatic rice that boasts exceptional flavor and texture. There is an increasing appetite for organically cultivated jasmine rice, meticulously graded for scent and quality, with transparent sourcing labels enhancing its attractiveness. Trends emphasizing sustainability are significantly impacting this market: purchasers are progressively favoring rice obtained through fair-trade methods, water-efficient agricultural practices, and minimized pesticide application. Simultaneously, worldwide consumption is broadening beyond traditional Asian regions to encompass North America, Europe, and the Middle East, driven by a surge in interest in international cuisine and culinary diversity. These factors, along with advancements in convenient packaging options—like pre-measured, vacuum-sealed, and ready-to-cook varieties—are transforming jasmine rice into a value-added, globally accessible staple.

Impact of COVID-19 on the Jasmine Rice Market

COVID-19 had a significant impact on the Jasmine Rice Market. The pande...

Japan Consumer Price Index (CPI): Goods: Rice data was reported at 195.300 2020=100 in Mar 2025. This records an increase from the previous number of 182.600 2020=100 for Feb 2025. Japan Consumer Price Index (CPI): Goods: Rice data is updated monthly, averaging 100.300 2020=100 from Jan 1970 (Median) to Mar 2025, with 663 observations. The data reached an all-time high of 195.300 2020=100 in Mar 2025 and a record low of 41.700 2020=100 in Jan 1970. Japan Consumer Price Index (CPI): Goods: Rice data remains active status in CEIC and is reported by Statistical Bureau. The data is categorized under Global Database’s Japan – Table JP.I002: Consumer Price Index: 2020=100.

The Asia Pacific Rice Market report segments the industry into Geography (China, India, Japan, Thailand, Vietnam, Australia, Pakistan, Bangladesh, Philippines, Indonesia, Sri Lanka). The report includes Production Analysis by Volume, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, Wholesale Price Trend Analysis.

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

In 2024, the Bangladeshi rice market increased by 3% to $37.8B, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2024 and is expected to retain growth in years to come.

United States - Producer Price Index by Commodity: Farm Products: Rough Rice was 105.39100 Index Dec 1991=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Farm Products: Rough Rice reached a record high of 156.75200 in April of 2023 and a record low of 51.80000 in August of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Farm Products: Rough Rice - last updated from the United States Federal Reserve on July of 2025.

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.