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The IGC reported that average international rice prices fell 1% month on month in June on limited buying and strong export competition. The FAO Rice Price Index also fell 0.8% in June and was about 23% below June 2024.
Lower benchmark export prices and ample supply signal a soft global rice price backdrop, even with expectations of record consumption.
After 87 past bearish report events, Rough Rice moved a median +0.0% over 5 sessions (53% higher; middle half -2.1% to +2.4%), and +1.1% 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.