Chinese rice price movements were relatively stable during the period 2018-2020 make the level of price volatility tends to be small in the period. Meanwhile, prices have soared since early 2021 and had reached their highest price at 0.82 USD/KG. The price increase made price volatility increase to 10%. The increase in demand at the beginning of the year occurred at the same time as the increase of the Chinese rice price with the domestic production volume is not in sizable amount.