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Rice futures traded near $11.8 per hundredweight, the highest since August 2025, as supply risks grew. Farmers across Asia are reducing plantings due to fertilizer shortages and higher fuel costs linked to the Iran war, and El Niño is expected to bring hotter, drier conditions in the second half of the year.
Lower planted area and likely drought-driven yield losses in Asia tighten rice supply expectations, supporting prices, though record Indian stocks limit the upside. Rice is a minor feed input, so the link to feed costs is indirect.
tradingeconomics.comLuisa CarvalhoMay 5, 2026After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Rice futures hit an 8-month high near $11.8/cwt on Asian acreage cuts from fertilizer and fuel shortages plus El Niño risk, directly describing the rally's supply-risk driver.
