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Rice futures traded near $11.8 per hundredweight, the highest since August 2025, as supply risks grew. Farmers across Asia are reducing plantings due to fertilizer shortages and higher fuel costs linked to the Iran war, and El Niño is expected to bring hotter, drier conditions in the second half of the year.
Lower planted area and likely drought-driven yield losses in Asia tighten rice supply expectations, supporting prices, though record Indian stocks limit the upside. Rice is a minor feed input, so the link to feed costs is indirect.
tradingeconomics.comLuisa Carvalho2026年5月5日在过去 179 次看涨的天气事件之后，稻谷 在 5 个交易日内中位数变动 +0.4%（55% 上涨；中间一半区间为 -1.4% 至 +2.5%），20 个交易日内为 +2.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Rice futures hit an 8-month high near $11.8/cwt on Asian acreage cuts from fertilizer and fuel shortages plus El Niño risk, directly describing the rally's supply-risk driver.
