Long Grain Rice Price Index: Historical Trends, Fluctuations & Outlook 2025

Long Grain Rice Prices Show Downward Trend Year-over-Year, Market Predictions Remain Bearish

The international market for long grain rice, particularly the FOB (Free on Board) U.S. prices, has witnessed a noticeable year-on-year (YoY) decline from 2023 to 2024. According to available data, the prices for October, November, and December 2024 have all decreased compared to the same months in 2023, highlighting a broader trend of weakening global rice prices.

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In October 2023, long grain rice was priced at 406 USD/MT, which slightly declined to 405 USD/MT in October 2024, marking a marginal decrease of 0.2%. While this change appears negligible, it set the stage for steeper declines in the following months. November saw a more substantial drop, with prices falling from 418 USD/MT in 2023 to 393 USD/MT in 2024 a 6% decrease. The most significant drop occurred in December, where prices plunged by 17%, from 425 USD/MT to 395 USD/MT.

This continued downward trend reflects a combination of strong global supply and tepid demand. Factors contributing to the price slump include high production levels in key rice-exporting countries, stable harvests, and reduced purchasing activity in several importing regions. Moreover, global inflationary pressures and shifting trade policies have made many buyers more cautious.

Expert Market Research forecasts that prices in 2025 are likely to remain low. The outlook suggests that the current market conditions - particularly oversupply and lackluster demand - will persist into the next year. Unless there are major disruptions due to climate events or trade barriers, the rice market is expected to stay soft. For stakeholders, including exporters and producers, this prediction underscores the need for strategic planning and cost management to navigate the low-price environment.

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Global Long Grain Rice Trade: Key Exporters, Importers, and Major Suppliers

The global trade of long grain rice is driven by a network of leading exporting and importing countries, along with major suppliers that play a central role in maintaining supply chains and meeting international demand. Here is an overview of the key players in the long grain rice market.

Leading Exporting Countries

Several countries dominate global long grain rice exports, led by India, the world's largest rice exporter, followed by Thailand and Vietnam. These nations benefit from vast agricultural capacity and government-supported export policies. Other significant exporters include Pakistan, Cambodia, and the United States, which maintain strong positions in premium rice markets. Additionally, Italy and Canada contribute to the global supply, particularly to niche and specialty rice segments.

Leading Importing Countries

On the demand side, countries such as Indonesia, the Philippines, and Saudi Arabia represent some of the largest importers of long grain rice, driven by population size and domestic production shortfalls. China, despite being a major producer, also imports to meet specific quality and variety preferences. Other prominent importers include Iraq, Malaysia, Vietnam (for specific processed varieties), and the United Kingdom, which relies heavily on imports for domestic consumption.

Major Suppliers in the Market

Several multinational and regional suppliers are critical in the global rice supply chain. KRBL Limited (India) is a leading exporter known for its basmati and long grain rice varieties. Riceland Foods (USA) and Archer Daniels Midland (ADM) also play a substantial role in U.S. rice exports. Olam International (Singapore) and Bunge Limited (USA) are major agribusinesses with extensive global distribution networks. Other key suppliers include Tilda Ltd. (UK), Vinafood 1 (Vietnam), and Hasad Food (Qatar), each contributing to the flow of rice across continents.

These players collectively shape global rice trade dynamics, balancing production strengths with import demands.

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Report Scope:
• Historical Price Data and Analysis, 2021-2024
o Historical Price Data - Monthly
o Grade-Wise Price Fluctuation
o Correlation with Feedstock Price Movement
o Key Market Opportunities and Risks
• Price Outlook
o Monthly Price Forecast (Rolling 3-month forecast for 12 months) (3 Month Quarterly Update)
o Long-Term Price Forecast (2 years), 2025-2026
o Price Influencing Factors
• Supply and Demand Analysis
o Global Market Supply Analysis (2021-2026)
o Global Market Demand Analysis (2021-2026)
o Demand-Supply Gap Analysis
o Historical Dynamics (2021-2024)
o Market Dynamics (Drivers and Constraints)
o Top 5 Deficit Countries with Net Import
o Top 5 Surplus Countries with Net Export
• Cost Breakdown of Tin Plate
o Direct Cost
o Indirect Costs
o Tax and Regulatory Costs
o Profit Margin
• Latest Industry News
o Recent Developments
o Geopolitical Events
o Insights From Government Data and Industries Bodies
• Key Macroeconomic Indicators
o GDP Growth
o Inflation Rates
o Currency Exchange Rates
o Impact on Commodity Prices

How Claight Corporation (Expert Market Research) Database Can Help

The latest report by Expert Market Research, "Long Grain Rice Prices, Trends, Charts, Demand, and Market Analysis - 2025 Edition," offers a comprehensive overview of the global pricing landscape for long grain rice. Designed for industry stakeholders, the study provides detailed historical and forecast price data, highlighting key market shifts and emerging pricing trends.

Drawing from in-depth research, the report analyses the primary factors influencing long grain rice prices, including fluctuations in raw material availability, changes in production capacity, and macroeconomic or geopolitical developments. Additionally, the report evaluates global and regional demand patterns, outlining how shifts in end-use industries such as construction, paper, and plastics are impacting market dynamics. By examining the supply-demand balance, Expert Market Research's report helps businesses understand the underlying forces shaping current and future pricing environments, offering valuable insights to guide procurement, pricing strategy, and investment planning.

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