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. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Rice futures advanced further to near $13 per hundredweight, the highest level since May 26, driven by El Niño-related supply concerns. The weather event is expected to disrupt global agricultural production in the months ahead, with rice viewed as the most vulnerable crop. Forecasts suggest it will peak during the Northern Hemisphere winter and extend into early 2027, with Southeast Asia and parts of the Southern Hemisphere most at risk. Supporting this view, the International Grains Council (IGC) pegged 2026/27 global rice output at 545 million tons, unchanged from the previous month and slightly below last season’s record of 546 million. It warned that El Niño could pressure yields in major Asian producers, particularly Thailand. In India, weak monsoon rainfall has raised output concerns, though stocks remain ample. Government rice inventories hit a record 68.43 million tonnes as of June 1, well above buffer requirements.