Browse Data and Analysis

Rice export prices increased 2-8 percent from the previous week as exporters reportedly continued to secured rice supplies to fulfill contract shipments.

Rice export prices further dropped 3-4 percent from the previous week, except for fragrant rice prices.

Rice export prices, particularly white and parboiled rice, dropped 5-11 percent from the previous week due to competition from Indian rice and the weakening of the Thai baht.

FAS Manila forecasts Marketing Year (MY) 2024/25 rice imports to reach 4.60 million metric tons (MT), given the implementation of Executive Order No. 62, 2024 that reduced rice tariff rates from 35 to 15 percent.

Rice export prices further dropped 1-6 percent from the previous week in response to the removal of India’s rice export ban, despite the strengthening of the Thai baht.

Feed demand in marketing year (MY) 2024/25 is expected to recover slightly, with a projected total volume of 286.5 million metric tons (MMT). Corn is expected to dominate feed composition due to low prices, replacing wheat and old stock rice.