# Rice Price Drops, Bucking Trend for Grain | Food Processing

> Rice prices were about 17% lower than a year earlier in mid-June, while wheat was 37% higher and corn 27% higher. The drop is attributed to bumper Asian crops and rice trade being largely unaffected by the Ukraine war. Some Asian farmers are switching to corn and soybeans.

- Date: 2022-06-29 · published 2022-06-29T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/41015-rice-price-drops-bucking-trend-for-grain-food-processing
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Ample Asian supply keeps rice cheap relative to other grains, limiting its feed substitution appeal versus corn. Lower rice prices weigh on the rice complex.

## Read by commodity

- CORN: neutral
- RICE: bearish ▼

## Sources

- foodprocessing.com: https://www.foodprocessing.com/ingredients/fibers-flours-grains-rice/news/11287646/rice-price-drops-bucking-trend-for-grain

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