International rice prices are at their lowest level since 2017, according to Coface.

International rice prices have fallen by 35% in a year and are at their lowest level since 2017, due to an excess supply, according to a report released on Monday by the commercial credit risk management entity Coface. According to its data, the global price of rice stands at 360 dollars per ton (310.3 euros per ton) and indicates that the market for this commodity is facing surpluses and a global production that in 2024 reached 541 million tons. "This imbalance is putting downward pressure on prices and generating tensions for both producers and importers," it has detailed. Another circumstance, it has pointed out, is the lifting of the restrictions that India, the world's leading exporter, had applied since 2022, a measure it imposed to contain the price increase caused then by the war in Ukraine and adverse climatic conditions in Asia. Given the forecasts of increased production for 2026 and the possible return of the La Niña phenomenon in the fourth quarter of 2025, Coface ...