Commodity Origins

Wheat vs Rice

Wheat's biggest producer is China (18%, 2024); Rice's is India (27%, 2024). Wheat is currently $330/t, Rice $471/t. Their monthly price moves have only weakly tracked each other over the 799 months compared (r = 0.06).

Wheat compared with Rice
WheatRice
CategoryGrains & cerealsGrains & cereals
Top producerChina (18%, 2024)India (27%, 2024)
World production798.5 million tonnes819.8 million tonnes
Top exporterRussia (16%, 2024)India (30%, 2024)
Latest price$330/t (August 2026)$471/t (August 2026)
12-month change+43%+26%

Price since January 1960, rebased to 100

Each price divided by its own January 1960 value and multiplied by 100, so the two can share one chart regardless of unit. Starts at January 1960 because that is the later of the two series' first published month.

Wheat vs Rice monthly prices, index, Jan 1960 to Aug 2026Line chart of wheat vs rice monthly prices in index from Jan 1960 to Aug 2026: Wheat from 100 to 550.9, peaking at 872; Rice from 100 to 450.7, peaking at 867.9.02004006008001,00019601965197019751980198519901995200020052010201520202025index
WheatRice

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Production: FAOSTAT, USGS Mineral Commodity Summaries or the Energy Institute Statistical Review, whichever each commodity page cites. Trade: CEPII BACI, primary HS line. Prices: World Bank Pink Sheet, monthly averages, not investment advice.