# W37: Rice Update

> The FAO expects global rice stocks to reach a record 198.1 million tonnes at the close of 2023/24, driven by India and China. Vietnamese and Thai 5% broken prices fell about $30 per ton from August 31 peaks as Philippine demand slowed while importers await a tariff cut decision.

- Date: 2023-09-22 · published 2023-09-22T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34186-w37-rice-update
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Large projected stocks in India and China point to easing rice prices ahead, reducing the cost pressure from the recent export-driven spike. Buyers should expect softer rice prices unless new export curbs emerge.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-07-16 | [RF Insights: July Market Update](https://feedsoft.ai/events/23835-rf-insights-july-market-update.md) | -2.3% | +0.9% |
| RICE | 2025-06-17 | [RF Insights: June Market Update](https://feedsoft.ai/events/24285-rf-insights-june-market-update.md) | +1.0% | -5.7% |
| RICE | 2024-11-04 | [India: Grain and Feed Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/27369-india-grain-and-feed-update-usda-foreign-agricultural-service.md) | -3.1% | +3.1% |
| RICE | 2024-09-24 | [Mexico: Grain and Feed Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/28275-mexico-grain-and-feed-update-usda-foreign-agricultural-service.md) | -1.6% | -2.9% |
| RICE | 2024-06-19 | [Mexico: Grain and Feed Update \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/29718-mexico-grain-and-feed-update-usda-foreign-agricultural-service.md) | -2.0% | -21.3% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w37-rice-update

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