Rice prices averaged USD 360 per metric ton in November, up 0.6% from October. On 28 November, the commodity traded at USD 389 per metric ton, up 9.0% from 31 October.
In November, rice prices remained close to October’s over five-year low. Prices for the commodity remained capped by Indonesia’s record crop, India’s swelling inventories and its return to the global market after a prolonged export ban, plus sluggish demand—partly due to the Philippines’ import ban.
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 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rice | - | - | - | 609 | 638 | 620 | 589 | 520 | 455 | 420 | 383 | - |