# Global Rice Benchmark Surges 20% in Largest Spike Since 2008…

> The Thai 5% broken white rice benchmark rose 20% in a single month, the sharpest climb since 2008. The rise is attributed to higher diesel and fertilizer costs and preemptive buying ahead of a forecast El Nino.

- Date: 2026-07-17 · published 2026-07-17T12:00:00.000Z
- Category: macro · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/9565-global-rice-benchmark-surges-20-in-largest-spike-since-2008
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher energy and fertilizer costs plus El Nino fears lift rice prices and raise feed and food input costs across Asia, though ample stockpiles limit the rally.

## Read by commodity

- WTI: bullish ▲
- RICE: bullish ▲
- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-06-23 | [Wild 2022 in grain markets sparks 2008 comparisons \| Reuters](https://feedsoft.ai/events/40978-wild-2022-in-grain-markets-sparks-2008-comparisons-reuters.md) | +0.8% | +4.1% |
| RICE | 2017-08-09 | [India rice shipments slow as stronger rupee lifts export prices \| India rice shipments slow as stronger rupee lifts export prices](https://feedsoft.ai/events/69410-india-rice-shipments-slow-as-stronger-rupee-lifts-export-prices-india-rice.md) | +0.8% | +2.6% |
| RICE | 2025-05-01 | [Raw Rice](https://feedsoft.ai/events/24742-raw-rice.md) | -1.8% | +3.2% |
| RICE | 2020-06-01 | [Rice: The Coronavirus-Proof Grain?](https://feedsoft.ai/events/4923-rice-the-coronavirus-proof-grain.md) | +19.5% | -21.2% |
| RICE | 2019-03-22 | [Strong rupee pushes rice prices to seven-month high, dampening exports \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/60167-strong-rupee-pushes-rice-prices-to-seven-month-high-dampening-exports-commodity.md) | -1.6% | -6.0% |
| WTI | 2017-11-03 | [US crude closes at highest level since 2015 as growing global demand supports market](https://feedsoft.ai/events/68147-us-crude-closes-at-highest-level-since-2015-as-growing-global-demand-supports.md) | +4.8% | +7.0% |
| WTI | 2020-08-12 | [Daily Global Market Summary - 12 August 2020 \| S&P Global](https://feedsoft.ai/events/10686-daily-global-market-summary-12-august-2020-s-and-p-global.md) | +3.2% | -8.4% |
| WTI | 2023-03-31 | [Oil Rises On Cooling US Inflation, Lower Global Supplies](https://feedsoft.ai/events/37043-oil-rises-on-cooling-us-inflation-lower-global-supplies.md) | +8.6% | +3.3% |

## Sources

- factlen.com: https://factlen.com/news/global-rice-benchmark-surges-20-in-largest-spike-since-2008-what-it-means-for-th-21086-0e004e12

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