Global price of Rice, Thailand
This dataset tracks global price of rice, thailand over time.
Latest Value
388.62
Year-over-Year Change
-35.82%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global price of Rice, Thailand tracks the daily, spot market price of Thai rice on international commodity exchanges. This metric is closely monitored by economists and policymakers as an indicator of global food security and supply chain dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Global price of Rice, Thailand represents the wholesale price paid for the Thai 5% broken white rice variety, which is a major international benchmark for global rice trade. This series is used to assess trends in agricultural commodity markets and the affordability of a staple food grain.
Methodology
The data is collected by the United Nations Food and Agriculture Organization (FAO) through daily price surveys of major global rice trading hubs.
Historical Context
Rice prices and availability have significant implications for economic growth, inflation, and food security policy in many developing countries.
Key Facts
- Rice is a dietary staple for over 3.5 billion people worldwide.
- Thailand is the world's second-largest rice exporter after India.
- Rice prices hit record highs during the 2007-2008 global food crisis.
FAQs
Q: What does this economic trend measure?
A: The Global price of Rice, Thailand measures the daily spot market price for Thai 5% broken white rice, a major international benchmark for the global rice trade.
Q: Why is this trend relevant for users or analysts?
A: Rice prices are a key indicator of global food security and supply chain dynamics, with major implications for economic growth, inflation, and policy in many developing countries.
Q: How is this data collected or calculated?
A: The data is collected by the United Nations Food and Agriculture Organization (FAO) through daily price surveys of major global rice trading hubs.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor rice prices to assess agricultural commodity market conditions and the affordability of a critical food staple, informing decisions on trade, subsidies, and food security programs.
Q: Are there update delays or limitations?
A: The Global price of Rice, Thailand data is updated daily, providing timely information on global rice market dynamics.
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Citation
U.S. Federal Reserve, Global price of Rice, Thailand (PRICENPQUSDM), retrieved from FRED.