
The World Bank expects international rice prices to keep rising in 2026 and 2027 due to El Niño-related weather, with global output possibly falling 2% in 2026/27. It projects the Thai 5% price at $448 per tonne in 2026 and $500 in 2027, up 21% from its April forecasts.
A projected first output decline in a decade and higher reference prices point to tighter rice supply and firmer feed-grade broken rice costs.
After 179 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
Not enough comparable past events yet for a historical read.
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.