Rice is one of the most important staple foods in the world, and it is a major commodity in international trade. The global rice market is dominated by a few key players, including China, India, and Thailand.
These countries are the top producers and exporters of rice in the world, accounting for over half of the global rice production and trade.#
China is the world’s largest producer and consumer of rice, with a production of over 148 million tons in 2021. It is also a major exporter, with around 3% of the global rice trade. India is the second-largest producer of rice, with an annual production of around 120 million tons. It is also the largest exporter of rice in the world, accounting for around 30% of global trade.
Thailand is another major player in the global rice market, with an annual production of around 20 million tons. It is the second-largest exporter of rice, accounting for around 20% of global trade. Other important rice producers and exporters include Vietnam, Pakistan, and the United States.
The global rice market is highly competitive, with producers and exporters competing on price, quality, and variety. In recent years, there has been increasing demand for high-quality, specialty rice varieties such as basmati and jasmine rice, which command premium prices in international markets.
Despite the challenges posed by climate change and rising production costs, the global rice market is expected to continue growing in the coming years, driven by increasing demand from emerging economies and changing dietary patterns. However, concerns about sustainability and environmental impact are also driving efforts to improve the efficiency and sustainability of rice production and trade.
Here is a list of current rice prices per kilo and per ton in the world, broken down by continent and country
India: As of March 2023, the average wholesale price of rice in India is around INR 40-45 per kilo (USD 0.53-0.60 per kilo), while the average retail price is around INR 50-60 per kilo (USD 0.66-0.79 per kilo). The price of basmati rice is generally higher than non-basmati rice, with some varieties selling for over INR 100 per kilo (USD 1.32 per kilo).
Thailand: In early 2023, the price of Thai white rice (5% broken) was around THB 10-11 per kilo (USD 0.32-0.35 per kilo), while Thai jasmine rice was selling for around THB 20 per kilo (USD 0.63 per kilo).
Vietnam: As of March 2023, Vietnamese 5% broken rice was selling for around VND 7,300-7,500 per kilo (USD 0.32-0.33 per kilo), while premium fragrant rice was selling for around VND 18,000-19,000 per kilo (USD 0.79-0.83 per kilo).
China: In early 2023, the wholesale price of Chinese rice was around CNY 3,500-3,800 per ton (USD 544-591 per ton), while the retail price was around CNY 4,500-5,500 per ton (USD 698-855 per ton).
Pakistan: As of March 2023, the price of rice in Pakistan ranged from PKR 90-150 per kilo (USD 0.57-0.96 per kilo) depending on the variety and quality.
Nigeria: In early 2023, the price of rice in Nigeria ranged from NGN 500-600 per kilo (USD 1.29-1.55 per kilo) depending on the variety and quality.
Egypt: As of March 2023, the price of rice in Egypt was around EGP 6,000-6,500 per ton (USD 383-416 per ton).
United States: In early 2023, the average wholesale price of rice in the United States was around USD 880 per ton, while the retail price was around USD 1,000 per ton.
Brazil: As of March 2023, the price of rice in Brazil ranged from BRL 50-80 per 5 kilos (USD 2.77-4.42 per 5 kilos) depending on the variety and quality.
Italy: In early 2023, the price of rice in Italy was around EUR 600-800 per ton (USD 680-907 per ton), depending on the variety and quality.
Spain: As of March 2023, the price of rice in Spain was around EUR 800-1,000 per ton (USD 907-1,134 per ton), depending on the variety and quality.
Overall, rice prices vary greatly depending on the variety, quality, and location. Additionally, fluctuations in supply and demand, weather patterns, and other factors can impact rice prices. However, these prices provide a general idea of the current state of the rice market in various regions around the world.