Rice prices averaged USD 430 per metric ton in May, up 5.2% from April. On 30 May, the commodity traded at USD 430 per metric ton, up 2.4% from 30 April.
Rice prices rose in May after falling for four consecutive months, as industry reports cast doubt on government estimates of India’s crop this year. Nevertheless, prices remained firmly below the spike seen in recent years, supported by expectations of record global supply and renewed Indian exports.
This chart displays Rice (US$/mt) from 2023 to 2025.
Rice (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Rice | - | 507 | 588 | 609 | 638 | 620 | 589 | 520 |