Overview
- India's farm ministry estimates monsoon-sown rice output at a record 124.5 million tons for 2025–26.
- Exports in 2025 climbed 19.4% to 21.55 million tons after restrictions were removed in March, the second-highest on record.
- Non-basmati shipments rose 25% to 15.15 million tons, while basmati exports increased 8% to a record 6.4 million tons.
- Asian benchmark prices hit their lowest levels in nearly a decade as India undercut Thailand and Vietnam and regained market share.
- Industry executives expect Indian offers to fall another $15–$25 per ton by March–April, as FAO projects a record 558.8 million tons in global rice output for 2025–26.