# Global rice prices soar close to 12-year highs, according to UN FAO

> The FAO All Rice Price Index rose 2.8% in July to 129.7 points, its highest since September 2011. Prices were lifted by India's non-basmati white rice export ban, El Niño concerns and rain disruption to Vietnam's harvest.

- Date: 2023-08-10 · published 2023-08-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34649-global-rice-prices-soar-close-to-12-year-highs-according-to-un-fao
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

A near 12-year high in the FAO rice index signals strong global price momentum that feed buyers should expect to persist while India's export restrictions and El Niño risks remain.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2026-05-20 | [Rice Prices Extend Rally to One-Year High as Crop Concerns Mount](https://feedsoft.ai/events/19303-rice-prices-extend-rally-to-one-year-high-as-crop-concerns-mount.md) | -1.3% | -8.0% |
| RICE | 2020-12-03 | [World food price index jumps in November to almost six-year high - FAO](https://feedsoft.ai/events/5276-world-food-price-index-jumps-in-november-to-almost-six-year-high-fao.md) | -0.7% | -0.4% |
| RICE | 2024-01-05 | [Global food prices fell in 2023 compared to 2022, except for sugar and rice \| PBS News](https://feedsoft.ai/events/6743-global-food-prices-fell-in-2023-compared-to-2022-except-for-sugar-and-rice-pbs.md) | +1.4% | +8.9% |
| RICE | 2023-04-19 | [Global rice shortage is set to be the biggest in 20 years](https://feedsoft.ai/events/36316-global-rice-shortage-is-set-to-be-the-biggest-in-20-years.md) | -2.5% | +0.4% |
| RICE | 2026-01-02 | [Informist Media - FAO Index: FAO All Rice Price Index up 4.3% on mo Dec on higher Glutinous rice prices](https://feedsoft.ai/events/9169-informist-media-fao-index-fao-all-rice-price-index-up-4-3-on-mo-dec-on-higher.md) | +3.5% | +15.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2023/08/10/global-rice-prices-soar-close-to-12-year-highs-according-to-un-fao-.html

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