| Product | Region | Incoterm Basis | Price | Last Updated Month |
| Rice | Vietnam | CIF | USD 316/MT | April 2026 |
| Rice | China | FOB | USD 424/MT | April 2026 |
| Rice | India | FOB | USD 398/MT | April 2026 |
| Rice | Brazil | FOB | USD 1,229/MT | April 2026 |
| Rice | USA | FOB | USD 249/MT | April 2026 |
| Rice | Vietnam | CIF | USD 315.40/MT | March 2026 |
| Rice | China | FOB | USD 423.64/MT | March 2026 |
| Rice | India | FOB | USD 340.74/MT | March 2026 |
| Rice | Brazil | FOB | USD 1218.67/MT | March 2026 |
| Rice | USA | FOB | USD 257.95/MT | March 2026 |
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Asia
In the first half of 2025, rice prices in Asia showed contrasting trends across different countries. Thailand, one of the world’s top exporters, experienced a sharp drop in rice prices due to oversupply and reduced global demand. The fall triggered nationwide farmer protests, especially against the Pheu Thai government, which faced criticism for inadequate price support.
Meanwhile, Japan dealt with the opposite problem soaring rice prices caused by poor harvests, inflation, and strong demand from a booming tourism industry. Local rice became so expensive that some restaurants and consumers started switching to imported varieties. In Pakistan, rice prices surged ahead of Eid due to rising export demand and higher farming costs, adding pressure to household budgets.
Europe
Europe felt moderate pressure in rice markets during H1’25, largely influenced by external supply issues. The increase in global rice prices, especially in Japan and Pakistan, contributed to slightly higher import costs for European buyers. Some European countries that depend on Asian rice imports faced supply chain constraints, which translated into higher shelf prices in supermarkets. However, overall inflationary pressures remained controlled compared to Asia, and rice did not dominate political or social concerns in the region.
North America
North America saw relatively stable rice prices in early 2025. The U.S. rice market remained insulated from the extreme volatility seen in parts of Asia. California’s Calrose rice continued to supply both domestic and export markets, including Japan, where demand rose due to local shortages. While input costs and weather events played a role in production, the impact on prices was modest. U.S. rice exports benefited from rising demand in Asia, particularly from Japan and parts of the Middle East, helping maintain price stability domestically.
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Asia
In 2024, rice prices across Asia remained high despite adequate supply in some countries. The Philippines, for instance, harvested a record amount of rice and boosted imports, yet prices stayed elevated due to rising global export rates, especially from Vietnam.
Vietnamese rice reached the highest export values globally, driven by strong demand from traditional partners like the Philippines and Indonesia. India’s export restrictions, El Niño-related concerns, and increased fertilizer costs added pressure. While countries like Thailand and Pakistan saw a price dip, Vietnam bucked the trend due to higher quality and stronger overseas demand.
Europe
Europe experienced an indirect impact from the Asian rice market, especially due to its reliance on imports. As Vietnamese exporters expanded into new markets, European nations like the Netherlands and Ukraine imported rice at premium prices. The cost increase was fueled by limited global supply and ongoing concerns about food security. Additionally, high energy and transport costs in Europe added to the overall price pressure on imported rice. These factors made rice relatively expensive for European consumers throughout the year.
North America
In North America, particularly in the U.S., rice prices followed the global upward trend. Import costs rose due to higher export prices from Asia, especially Vietnam. Although North America produces its own rice, the reliance on specific varieties from Asia for ethnic cuisines and processed food industries meant increased costs were passed down to consumers. Inflation and shipping disruptions further contributed to the price hikes, making rice a pricier staple in grocery stores across the region.
Rice is the seed of the grass species Oryza sativa (Asian rice) or Oryza glaberrima (African rice). Rice cultivation is well-suited for regions with high rainfall as it requires ample water and its cultivation process is labour-intensive. As a cereal grain, it is one of the most extensively consumed staple foods, particularly in Asia and Africa. It is an agricultural commodity with the third-highest production after sugarcane and maize, worldwide.
Food and Beverages, Brewing, Manufacturing of Starch
Paddy (unmilled rice)
DuPont de Nemours, Inc, Cargill, Incorporated, Wilmar International Ltd, Doguet’s Rice Milling Company, Randall Organic Rice
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Cultivation of Rice includes several stages which are seed selection, land preparation, crop establishment, water management, nutrient and crop health management, harvesting, and post-harvest steps. Depending on the variety, a rice crop generally reaches to its maturity in around 105–150 days.
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In this process, wheat flour is fed into a streamlet of water where a slurry mixture of wheat and water is formed.
This report provides the cost structure of wheat starch production from the Martin process. Martin process refers to the wet milling process.
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