11/05/2026
πΎ RICE MARKET UPDATE | MAY 04 β MAY 08, 2026
The market saw some interesting movements last week as we transition between harvest seasons. Here is what you need to know:
1. Price Increase for High-Quality Rice π
- Rising Prices: Prices for high-quality Jasmine rice and other export grades continued to rise. This is because demand from exporters and local distributors is very strong.
- Low Stock: As the main harvest season ends, the supply of fresh rice is becoming limited. This low inventory is causing prices to fluctuate.
2. Important Policy News from the Philippines π΅π
- Import Limits: There is news that the Philippines might limit rice imports to 200,000 tons per month from June to October.
- Market Reaction: While some see this as a move to cool down prices, the Philippines remains the biggest buyer. Any policy change there will directly impact global rice prices. We are monitoring this closely.
3. Specific Variety Trends ππ
- Japonica Rice: Prices for Japonica rice (non-sorted) continued to decrease slightly. This could be a good window for buyers interested in this variety.
- Glutinous Rice: Unlike other types, the price for Glutinous rice is on an upward trend this week.
*[Mr. Keithβs Market Insight]
With the main harvest finishing and export stocks being low, the market is very sensitive right now. If you have upcoming orders for June or July, I recommend discussing your volume early to secure the best current rates before any new policy changes take effect.
π© For the latest quotes and supply availability, contact me:
π WhatsApp: +84 343 888 667
π§ Email: [email protected]