Global Rice Prices Likely to Remain Soft in the Near Future

19-Jan-2026 01:50 PM

Bangkok. Abundant stocks in major exporting countries and weak demand in importing countries are putting pressure on global rice prices, and this trend is expected to continue in the near future. In fact, importers have become cautious due to falling market prices and are now waiting for prices to stabilize. They expect further softening in rice prices and are therefore not in a hurry to buy.

India, the largest exporter, is expected to have a record rice harvest this year, similar to last year. Domestic supply and availability are very comfortable,

and prices are stable with limited fluctuations. Furthermore, the exchange rate of the rupee against the dollar has fallen significantly.

This is helping exporters keep their export offer prices at competitive levels. Indian non-basmati rice is currently available at very attractive prices for importers, but even so, there is no strong increase in export demand.

In Thailand, the second largest exporter, rice export offer prices have also fallen considerably. Rice imports into Indonesia have almost stopped. The Philippines may try to increase rice imports from India. Meanwhile, the African country of Senegal has lifted its ban on rice imports.

This will help Indian exporters increase their business. Senegal has traditionally been an important importer of Indian rice.

Exporters say that global demand for rice is currently weak, so the soft price environment may continue for some time, but as demand increases, prices will begin to stabilize. However, a sharp increase in global rice prices is generally not expected in 2026.