Rice futures continued their decline to trade just below $10 per hundredweight, reaching the lowest since September 2018, amid expectations of global oversupply. Supply remains abundant due to bumper harvests in major Asian exporters, particularly India, which experienced its strongest monsoon in five years. In other countries such as China, Thailand, Indonesia and Vietnam, stocks are expected to increase from new season harvests. The UN Food and Agriculture Organization (FAO) forecasts global rice output to hit a record 556.4 million tons in 2025–26. Consequently, buyers are taking a more measured approach to procurement, and demand has remained subdued.
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