What is the price of rice per kilogram/pound in Madagascar today?
The retail price range for Madagascar rice is between US$ 0.97 and US$ 0.97 per kilogram or between US$ 0.44 and US$ 0.44 per pound(lb). Click here to see today's exact prices of rice in Madagascar
The retail price range in Malagasy Ariary for rice is between MGA 4,304.42 and MGA 4,304.42 per kilogram or between MGA 1,952.12 and MGA 1,952.12 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar rice is between US$ 0.68 and US$ 0.68 per kilogram or between US$ 0.31 and US$ 0.31 per pound(lb).
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Madagascar Rice Export Prices - Historical, Trends and Prediction
The export price per kilogram of Rice from Madagascar over the last five years has been quite volatile. In 2017, the price was 0.96 US $ per kg, followed by a sharp increase to 1.17 US $ per kg in 2018. However, the price dropped significantly in 2019 to 0.44 US $ per kg and then rose again to 0.73 US $ per kg in 2020. The price remained relatively stable in 2021 at 1.0 US $ per kg and then decreased to 0.38 US $ per kg in 2022. Based on this trend, it is predicted that the export price per kilogram of Rice from Madagascar in 2023 will be 0.76 US $ per kg and in 2024 will be 0.54 US $ per kg.The Madagascar rice exports are categorised as:
- Semi-milled or wholly milled rice, whether or not polished or glazed (HS code 100630)
- Broken rice (HS code 100640)
- Rice in the husk, "paddy" or rough (HS code 100610)
- Husked or brown rice (HS code 100620)
Madagascar Rice Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rice into Madagascar over the last five years has been relatively stable. In 2017, the price was 0.96 US $ per kg, followed by 1.17 US $ per kg in 2018. In 2019, the price dropped to 0.44 US $ per kg, before increasing to 0.73 US $ per kg in 2020. The price then rose to 1.00 US $ per kg in 2021. The most recent data shows that the import price per kilogram of Rice into Madagascar was 0.38 US $ per kg in 2022. Based on this data, it is likely that the import price per kilogram of Rice into Madagascar will remain relatively stable in the next two years. We predict that the import price per kilogram of Rice into Madagascar will be 0.38 US $ per kg in 2023 and 0.39 US $ per kg in 2024.Export values for Madagascar rice
The total values in export for rice in Madagascar were US$ 282, US$ 308, US$ 14 and US$ 14 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Cereals/Grains category in Madagascar: Wheat, Rye, Barley, Oats, Maize, Sorghum, Buckwheet, Millet, Canary seed & Fonio.
See prices of rice in other countries across Africa: Algeria rice, Angola rice, Botswana rice, Burundi rice, Cameroon rice, Cape Verde rice, Central African Republic rice, Comoros rice, DRC Congo rice & Benin rice.
Madagascar rice - Production, Exports, Imports, Seasons and HS Codes
The volume of rice sold by Madagascar in 2020 was 30 tons. In 2019 Madagascar shipped 32 tonnes of rice. For the year 2019 alone, the demand for Madagascar rice (cereals/grains category) has escalated, recording a change of 166.667 percent compared to the year 2018. Between 2017 and 2019, rice's exports went down by -90.06% bringing the nation US$0.01m for the year 2019. Madagascar's rice exports are categorised as:
- Husked or brown rice (HS code 100620)
- Semi-milled or wholly milled rice, whether or not polished or glazed (HS code 100630)
- Broken rice (HS code 100640)
- Rice in the husk, "paddy" or rough (HS code 100610)
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Madagascar rice export values
In 2019, Madagascar supplied rice costing 0.01m USD, a decrease of -28.57% from 2018's total rice export of 0.014m USD. The yearly change in value of Madagascar rice between 2017 to 2018 was -95.455 per cent.
The per year change in the quantity of Madagascar's rice exports between 2017 and 2019 was -90.06 percent when compared to a variation of 166.667% in the growth rate between 2018 and 2019.
Madagascar's stake of the world's total rice's exports in 2019 was less than 1%. Madagascar holds position 22 in world exports of rice.
Export markets for Madagascar rice ( in '000$ )
Madagascar's best performing destinations for rice are Switzerland, France, Belgium, US and China.
Madagascar purchased 814,270 tonnes of rice in 2019.
Production
The production of rice in Madagascar was 28,213,276 tonnes in 2019 and is predicted to change by an average of 4.99%. The country had an estimated 6,525,544.00 hectares under rice cultivation.