FAO All Rice Price Index down 2.5% on month as Glutinous rate falls sharply
This story was originally published at 16:41 IST on 7 November 2025
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MUMBAI – The Food and Agriculture Organization's All Rice Price Index averaged 98.4 points in October, down 2.5% on month and 21.7% below its value a year earlier. The most pronounced fall was recorded in Glutinous rice prices, which fell 5.9% in October, followed by Indica prices, which declined 3%, FAO said in a release. The Japonica and Aromatic prices registered declines of 0.5% each, the release said.
In the case of Indica rice, October's decline marked the fifth consecutive monthly price drop, positioning the Indica Index at its lowest level since June 2019. Asian prices of the Indica variety were on a downtrend in October, as harvesting began or gained momentum, amid ample exportable supplies and fierce competition for markets.
In India, a slowdown in buying interest kept prices under pressure, overshadowing setbacks to harvesting activities posed by untimely rains in some producing states, the FAO said. The price of the Indian Pusa Basmati variety at $925 per tonne in October remained unchanged from a month ago. The average price of 25% broken non-basmati rice exported from India fell to $346.4 a tonne in October from $358.1 a month ago. Prices of the 5% broken non-basmati rice from India decreased to $360.2 a tonne in October from $374.7 a tonne in September, while that of 5% parboiled rice from India fell to $347.3 a tonne from $353.0 per tonne, FAO said.
The sentiment was weakest in Pakistan, where efforts to revive sales slashed prices to 9-year lows. For 5% broken rice, the fall in Pakistani prices positioned them 5%-9% below those of competing Asian origins, it said.
In Thailand, the baht's depreciation against the US dollar also contributed to price falls. "In Viet Nam, the Philippines' retreat from the market provided little room for quotations to regain ground, but cutbacks in Indica plantings and previously sealed deals with other Asian buyers prevented prices from falling further."
The market undertone also remained weak in the Americas. This was mainly the case in the MERCOSUR block origins, where large stocks amassed from the 2025-26 harvest and quiet demand continued to weigh on prices. End
US$1 = INR 88.66
Reported by Abhijit Doshi
Edited by Saji George Titus
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