New drop in global rice prices

In July, global rice prices fell by an average of 2.5% due to reduced global demand, in a context of abundant export supply that will continue to pressure the market, at least until the end of 2025. The drop affects all major exporting countries, except the United States, where prices remain relatively stable thanks to Latin American demand. The drop in export prices was quite significant in Thailand while in Vietnam the drops were more moderate due to strong demand from the Philippines. In India, the decline in prices was also limited. Indeed, Indian parboiled rice remained stable thanks to strong demand from West Africa and sales prospects for Bangladesh. In Pakistan, prices fell by only 1%, due to the seasonal reduction in exportable supply. In Mercosur, prices continued to fall in the face of high export stocks. Global production is expected to increase by 1% in 2025, to 836 Mt (555.6 Mt milled). Global trade would grow by 3%, reaching the record level of 62 Mt. In July, the ...