Bear grip tightens in global rice market as FAO all rice index falls to near 5-year low
The global rice market remains bearish, with FAO’s rice price index near a five-year low as Thai 5% broken white rice dips below $400/tonne. Agencies like FAO and USDA forecast record production in 2025–26, driven by favorable weather and higher output from India, Bangladesh, Pakistan, and Vietnam—offsetting declines in Iraq and the U.S.
The global rice market remains bearish, with the Food and Agriculture Organisation’s all rice price index near a five-year low. The bear grip on the market is firm as prices of Thailand’s 5 per cent broken white rice have dropped below $400 a tonne.
Global agencies such as the Food and Agriculture Organisation (FAO) and the US Department of Agriculture (USDA), besides research agency BMI, a unit of Fitch Solutions, are projecting rice production in the 2025-26 season at a new record, driven by favourable weather conditions.
“(Global) Production in 2024-25 and 2025-26 upgraded, largely on higher output expectations for India in both seasons. Forecasts were also raised for Bangladesh, Pakistan and Viet Nam, offsetting downgrades, namely for Iraq and the US,” the FAO’s Agricultural Market Information System (AMIS) said.
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Source : The Hindu Business line
