Rice futures rose back above $17 per hundredweight after touching the eight-month low of $16.25 on March 8th, as shipments to China continued to recover following the country's reopening. Meanwhile, expectations of stronger global supply could weigh on prices in the coming months. In its latest March report, the USDA said the global outlook for 2022/23 was for larger supplies, consumption, trade, and ending stocks. Supplies were raised by 7.0 million tons to 693.3 million, mainly due to 2022/23 India production seen at a record 132 million. On the other hand, the global 2022/2023 consumption was also lifted by 2.8 million tons to a historical 520.0 million.

Historically, Rice reached an all time high of 24.46 in April of 2008. Rice - data, forecasts, historical chart - was last updated on March of 2023.

Rice is expected to trade at 16.23 USD/CWT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 17.01 in 12 months time.

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Rice



Price Day Month Year
Soybeans 1,450.75 8.50 0.59% -2.91% -11.70%
Wheat 701.98 3.98 0.57% -1.13% -30.45%
Lumber 397.90 -15.60 -3.77% -1.22% -60.19%
Cheese 2.03 0.0010 0.05% 12.12% -1.12%
Palm Oil 3,687.00 111.00 3.10% -11.84% -38.75%
Milk 18.06 -0.01 -0.06% 1.75% -19.45%
Cocoa 2,907.00 5.00 0.17% 2.68% 10.16%
Cotton 81.05 1.06 1.33% -5.38% -40.76%
Rubber 133.40 0.50 0.38% -5.39% -21.58%
Orange Juice 252.20 -0.35 -0.14% -6.37% 72.98%
Coffee 174.50 -2.40 -1.36% -5.83% -19.10%
Oat 373.73 -3.5215 -0.93% 11.39% -48.02%
Wool 1,318.00 0 0% -3.58% -4.77%
Rice 17.84 0.0050 0.03% 1.83% 13.41%
Canola 759.60 6.40 0.85% -10.83% -33.03%
Sugar 21.08 0.15 0.72% 2.48% 10.31%
Tea 2.89 0 0% 5.09% 5.47%
Corn 649.11 0.8596 0.13% 2.10% -10.62%


Rice
Rough Rice futures so-called US. No. 2 are traded in the Chicago Board of Trade (CBOT). The standard contract unit is 2,000 hundredweights (CWT) an equivalent of 91 Metric Tons. The biggest exporter of rice is India accounting for around 40% followed by Vietnam, Thailand, Pakistan, and the United States. The biggest consumer of rice is China, followed by India, Indonesia, Bangladesh, and Vietnam. The rice market prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our rice market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
17.78 17.84 24.46 0.75 1981 - 2023 USD/CWT Daily