Rice Prices in Madagascar
| Variety | Market level | Price (US$/kg) | Local (MGA) | MoM | YoY | Source |
|---|---|---|---|---|---|---|
| Thai 5% | Global benchmark | 0.44 | 1,947 | ▲ 9.2% | ▲ 2.1% | World Bank Pink Sheet |
| - | Farmgate | 0.33 | 1,440 | ▼ 3.2% | ▼ 3.2% | FAOSTAT Producer Prices |
| - | Export (unit value) | 0.64 | 2,831 | ▲ 150.5% | ▲ 150.5% | UN Comtrade (unit value) |
| Thai 25% | Global benchmark | 0.44 | 1,925 | ▲ 9.0% | ▲ 4.6% | World Bank Pink Sheet |
| Thai A.1 | Global benchmark | 0.42 | 1,859 | ▲ 9.1% | ▲ 3.6% | World Bank Pink Sheet |
| Viet Namese 5% | Global benchmark | 0.38 | 1,665 | ▲ 6.6% | ▼ 0.8% | World Bank Pink Sheet |
As of June 2026, the rice price in Madagascar available is US$ 0.33 per kg (1,440 MGA), down 3.2% year-on-year.
Madagascar exported 1 tonne of rice in 2024, valued at US$662, ranking #113 among 117 global exporters and showing a 34.7% year-on-year increase. The country is a net exporter, with rice production reaching 4,970,000 tonnes in 2024, ranking #18 worldwide and accounting for 0.5% of global output, though production declined by 2.9% year-on-year. The latest farmgate generic price is US$0.3255 per kg.
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Rice Price History & Trend
Global benchmark (world reference) price for rice, US$ per kg.
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Use this data freely with attribution to Selina Wamucii.
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Production, Exports, Imports & HS Codes - rice in Madagascar
Madagascar exported 1 tonne of rice in 2024, valued at US$662, ranking #113 among 117 global exporters and showing a 34.7% year-on-year increase. The country is a net exporter, with rice production reaching 4,970,000 tonnes in 2024, ranking #18 worldwide and accounting for 0.5% of global output, though production declined by 2.9% year-on-year. The latest farmgate generic price is US$0.3255 per kg.
Exports UN Comtrade · 2024
In 2024, Madagascar exported $662 (1 t) of rice▲ 34.7% YoY. That ranks #113 worldwide.
Export value by year (US$)
Export volume by year
Top rice exporters worldwide UN Comtrade · 2024
- #1 India $11.05B · 40.2%
- #2 Thailand $5.66B · 20.6%
- #3 Pakistan $3.26B · 11.8%
- #4 US $1.37B · 5%
- #5 Myanmar $824.1M · 3%
Annual export data Madagascar · UN Comtrade
| Year | Export value (US$) | Volume | Avg price/kg |
|---|---|---|---|
| 2024 | $662 | 1 t | $0.64 |
| 2023 | $491 | 1.9 t | $0.26 |
| 2022 | $2K | 2.8 t | $0.71 |
| 2021 | $199 | 0.2 t | $1.21 |
| 2020 | $1.6K | 4.1 t | $0.4 |
Production FAOSTAT · 2024
Madagascar produced 4.97 Mt of rice in 2024▼ 2.9% YoY. It ranks #18 among producing countries (0.5% of world output).
Production by year (tonnes)
When is rice in season in Madagascar? FAO GIEWS Crop Calendar
In Madagascar, rice is mainly harvested in April and May, with the wider growing season running Year-round.
HS Code
rice is traded under Harmonized System code 1006.30. Trade figures above are compiled for this HS heading.
Sources: trade & HS - UN Comtrade; production - FAOSTAT (FAO); harvest season - FAO GIEWS Crop Calendar. Values are official reported figures.