Rice farm, green rice field

Rice Prices

Rice prices averaged USD 639 per metric ton in June, up 1.6% from May. On 28 June, the commodity traded at USD 603 per metric ton, down 7.1% from 31 May.

Rice prices averaged higher in June on robust demand: Imports in the Philippines, one of the top global buyers, were up 22% year on year between January and late June, when the country lowered import tariffs, likely boosting imports further. Meanwhile, India’s export ban continued to restrict supply and keep prices elevated.

This chart displays Rice (US$/mt) from 2022 to 2024.

Rice (prices in US$/mt, aop)

Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Rice 492 507 588 609 638 620 - -

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Price forecasts and historical data for Rice.

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