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Indonesia's Coordinating Minister for Food Affairs said the country's decision to stop importing rice helped push global prices down from around $650/t to below $400/t. Indonesia recorded a 4.7 million ton production surplus in 2025 and Bulog stocks reached 3.7 million tons.
Removing Indonesia as a major rice buyer removes a large source of import demand, keeping global rice prices under pressure.
After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.