When will global rice prices hit rock bottom?

In October, global rice prices fell by 3% in a market that continues to be affected by the excess supply of export and weak global demand, following the withdrawal of major buyers such as Indonesia and the Philippines. Additionally, importers expect further declines following the good harvests announced in the main producing regions of Asia. The price drops were more significant in Thailand and Pakistan, as well as in Mercosur. In contrast, the drop was more moderate in India and, especially, in Vietnam, at only 1%. In the United States, prices remained stable in general but tended to fall significantly in early November. In one year, global prices have fallen by an average of 35%, reaching their lowest level since 2015. The downward trend is expected to continue, at least until early 2026. Moreover, competition among exporters is expected to intensify in the coming weeks and months. One must ask: when will global prices hit rock bottom? India, which has abundant stocks, is ...