• Global rice production projected lower due to reduced US planted area
• Lower exports from Cambodia and the US are expected to slightly reduce global trade.

The latest USDA trade revisions point to a shifting global rice market, with stronger import demand from China and reduced export availability from some key suppliers expected to reshape trade flows in 2026 and 2027. Lower production prospects in the United States and tighter supplies in Cambodia are expected to keep global trade slightly constrained, while Vietnam continues to strengthen its position in the export market.

Import Demand

China is expected to remain the key driver of global rice demand, with its 2027 import forecast raised by 0.6 million tonnes (mnt) to 3.9 mnt due to higher use of broken rice for animal feed. The 2026 import forecast has also been increased by 0.4 mnt, reflecting sustained demand. Meanwhile, the United States is projected to increase rice imports to 1.6 mnt in 2027, up 0.125 mnt from the previous estimate, as lower domestic production.

In contrast, Bangladesh’s 2027 import forecast has been lowered by 0.3 mnt to 1.7 mnt, as slower consumption growth reduces import requirements. Vietnam’s 2027 imports are also expected to decline by 0.2 mnt due to lower paddy shipments from Cambodia, and in 2026 Vietnam rice imports declined by 0.4 mnt due to sluggish demand for Cambodian rice, while Sri Lanka’s imports have been revised higher for both 2026 and 2027 amid limited domestic availability.

Exports Decline

On the export side, Cambodia faces the largest downward revision. Its 2027 exports are projected to fall by 0.3 mnt to 3.8 mnt as tight domestic supplies limit exportable surplus. A similar reduction has been made for 2026, driven by a smaller crop and lower sales to Vietnam. Burma’s 2026 exports have also been cut by 0.3 MMT, reflecting weaker competitiveness in the broken rice market against India.

Asian rice export quotes rise amid mixed global trends

Since the June WASDE, global rice export quotations moved in opposite directions across regions, with Asian exporters posting gains while Western Hemisphere suppliers saw declines. U.S. export quotes fell $13/tonne to $518/tonne, and Uruguayan quotes declined $15/tonne to $504/tonne, mainly due to weaker sales to Latin America.

In contrast, Asian rice export prices strengthened. Thai quotes rose $3/tonne to $474/tonne on currency strength, Vietnamese quotes increased $4/tonne to $413/tonne on strong demand from traditional markets, Pakistani quotes surged $29/tonne to $414/tonne amid tighter supplies, and Indian quotes climbed $10/tonne to $355/tonne due to strong buying interest from Bangladesh.

Outlook

Global rice trade is expected to be influenced by lower U.S. production and changes in export availability from key suppliers. Higher import requirements in China may continue to shape trade flows, while Vietnam could see additional export opportunities due to competitive price and strong demand from countries such as the Philippines and China. Market developments will largely depend on supply conditions and import demand.

Published Date: July 15, 2026