# W50 2024: Rice Weekly Update

> The EU-Mercosur trade agreement would introduce zero-duty rice import quotas, starting at 10,000 mt and rising to 60,000 mt annually, drawing criticism from European growers. Philippine rice imports reached a record 4.35 mmt after tariff cuts, while Vietnam's exports surged to 8.5 mmt. India's rice prices fell to a 15-month low on higher stocks and a weak rupee.

- Date: 2024-12-20 · published 2024-12-20T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/11557-w50-2024-rice-weekly-update
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Record Philippine imports and Vietnamese export volumes, combined with lower Indian prices, point to ample global rice supply and softer prices. The EU quota could add South American rice supply over time.

## Read by commodity

- RICE: bearish ▼
- USDINR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-04-03 | [Raw Rice](https://feedsoft.ai/events/25191-raw-rice.md) | +2.5% | -3.2% |
| RICE | 2025-09-30 | [Vietnam’s rice market – September 2025](https://feedsoft.ai/events/22944-vietnam-s-rice-market-september-2025.md) | -2.9% | -9.5% |
| RICE | 2024-11-19 | [Lower rice prices coming in 2025 – think tank](https://feedsoft.ai/events/27482-lower-rice-prices-coming-in-2025-think-tank.md) | -1.5% | -1.2% |
| RICE | 2024-12-31 | [Rice export sets new record in 2024, but 2025 forecast to be tough](https://feedsoft.ai/events/10456-rice-export-sets-new-record-in-2024-but-2025-forecast-to-be-tough.md) | +1.7% | +3.8% |
| RICE | 2018-10-02 | [Farming News - China: Grain and Feed Update](https://feedsoft.ai/events/62620-farming-news-china-grain-and-feed-update.md) | +7.3% | +3.4% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w50-2024-rice-weekly-update

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.