Global Rice Prices Rebound as Stocks Dwindle in Thailand and Pakistan
29-Apr-2025 01:59 PM
Hyderabad. After touching their lowest point in nearly two years, global rice prices have begun to recover due to a sharp reduction in available stocks in key exporting countries such as Thailand and Pakistan. The limited exportable stock in these nations has fueled renewed demand and modest price gains in the international market.
A prominent rice exporter from New Delhi confirmed that rice prices have strengthened over the past 2–4 days, with Thailand particularly facing severe stock shortages. Similarly, Pakistan’s exportable inventory is reportedly limited, pushing buyers to turn to alternative sources.
Meanwhile, the President of the Rice Exporters Association of India noted that although international prices are firming, the domestic rice market is under pressure due to an upcoming tender by the Chhattisgarh government. The state plans to auction 3.5 million tonnes of rice in the open market, and traders anticipate low offer prices, which could drag domestic market prices down further.
In neighboring Myanmar, rice prices are currently more competitive than India’s. However, Myanmar too has limited stocks left for export, minimizing any major impact on Indian trade.
Despite a likely slowdown in India’s rice exports during April and May, exporters are optimistic that shipments will pick up again from June. India has already exported a significant volume in Q1 of 2025 and continues to maintain ample stock, ensuring no supply-side challenges.
Nevertheless, demand from African countries—traditionally large buyers of Indian rice—remains weak, as many of these nations are still working through large inventories accumulated earlier in the year.
Export Offer Price Overview (As of Late April 2025):
Indian 5% Broken White Rice: $379/tonne (down $3 from last week)
Pakistan Rice: Down $3/tonne
Vietnam Rice: Down $4/tonne
Thailand Rice: Up $8/tonne
Sela Rice: Indian prices are $31/tonne lower than Pakistan, and $55/tonne lower than Thailand
India’s competitive pricing and stable supply position continue to put pressure on rival exporters, enhancing its presence in the global rice trade despite temporary domestic pricing concerns.