Domestic and global rice prices are expected to remain soft

13-Nov-2025 12:02 PM

Hyderabad. India's robust Kharif rice production is putting pressure on rice prices, as supply and availability conditions are expected to be quite comfortable.

This robust production will significantly increase exportable rice stocks, providing ample supplies for importers. This is likely to soften global market prices.

Meanwhile, the Philippines, the world's largest importer, has imposed a ban on rice imports until December 31, 2025, to support its farmers.

This is particularly hard on Vietnam, which is the largest buyer of Vietnamese rice. The closure of the Philippine market is forcing Vietnamese rice exporters to seek new markets, increasing competition in the global rice export market.

Exporting countries like Thailand, Pakistan, Myanmar, and the United States are also active in the international market.

On the other hand, some importing countries currently have significant rice stocks and are therefore showing little interest in entering into new deals.

West African countries have already imported large quantities of rice. Last month, the benchmark price of rice in Asia fell to its lowest level in 10 years.