Rice prices averaged USD 373 per metric ton in September, down 2.0% from August. On 30 September, the commodity traded at USD 371 per metric ton, up 0.3% from 29 August.
After dropping to an over five-year low in August, rice prices decreased further in September. The Philippines—a top buyer—froze rice imports indefinitely from 1 September to support local producers. Moreover, markets anticipate record-high global production and bumper crops from major exporters, particularly India.
This chart displays Rice (US$/mt) from 2023 to 2025.
Rice (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rice | - | - | - | 609 | 638 | 620 | 589 | 520 | 455 | 420 | 383 | - |