Rice futures continued their decline, trading just below $10.50 per hundredweight, their lowest since April 2019, as the market remains pressured by expectations of ample global supply. The FAO’s Cereal Supply and Demand Brief, issued on October 3, projected global rice production for 2025-26 at 556.4 million tons, up 1.0 million tons from September and 1.2% higher than last year. India continues to play a key role in the global rice market, supported by abundant stocks following its strongest monsoon in five years. Latest data showed India's rice stocks in government warehouses climbed over 14% from a year earlier to a record high for early September. According to the Centre for International Cooperation in Agricultural Research for Development (Cirad), the downward trend in world rice prices is expected to persist at least until early 2026 with the arrival of new Asian crops.
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