What is the price of rice per kilogram/pound in Malaysia today?
The retail price range for Malaysia rice is between US$ 0.41 and US$ 0.66 per kilogram or between US$ 0.19 and US$ 0.30 per pound(lb). Click here to see today's exact prices of rice in Malaysia
The retail price range in Malaysian Ringgit for rice is between MYR 1.87 and MYR 2.98 per kilogram or between MYR 0.85 and MYR 1.35 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia rice is between US$ 0.29 and US$ 0.46 per kilogram or between US$ 0.13 and US$ 0.21 per pound(lb).
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Malaysia Rice Export Prices - Historical, Trends and Prediction
In 2019, the export price of Rice from Malaysia was US$ 0.42 per Kg. In 2020, the export price was US$ 0.18 per Kg. In 2021, the export price was US$ 0.23 per Kg. In 2022, the export price was US$ 0.41 per Kg. In 2023, the export price is predicted to be US$ 0.45 per Kg.The exports of rice from Malaysia are classified 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)
Malaysia Rice Import Prices - Historical, Trends and Prediction
The import price per kilogram of Rice into Malaysia over the last five years has been quite varied. In 2017, the price was at its highest at 5.82 US dollars per kilogram. This was followed by a sharp decline in 2018 to 0.55 US dollars per kilogram. The price then remained relatively stable for the next two years, with 2019 and 2020 seeing prices of 0.93 and 0.67 US dollars per kilogram respectively. 2021 saw a further decrease to 0.46 US dollars per kilogram, and the price remained at 0.00 US dollars per kilogram in 2022. Based on this trend, it is likely that the import price per kilogram of Rice into Malaysia in 2023 will be around 0.30 US dollars, and in 2024 it will be around 0.15 US dollars.Export values for Malaysia rice
The total values in export for rice in Malaysia were US$ 40,550, US$ 1,748, US$ 17,186 and US$ 21,664 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 Malaysia: Wheat, Rye, Barley, Oats, Maize, Sorghum, Buckwheet, Millet, Canary seed & Fonio.
See prices of rice in other countries across Asia: Kazakhstan rice, Kyrgyzstan rice, Tajikistan rice, Turkmenistan rice, Uzbekistan rice, China rice, Hong Kong rice, Macao rice, North Korea rice & Mongolia rice.
Malaysia rice - Production, Exports, Imports, Seasons and HS Codes
The quantity of rice shipped by Malaysia in 2020 was 116,598 metric tons. In 2019 Malaysia sold 49,714 tonnes of rice. Through 2019 alone, the demand for Malaysia rice (cereals/grains category) has increased, changing by 26.383 pc compared to the year 2018. Between 2017 and 2019, rice's exports grew by 1584.08 pc netting the exporter US$21.66m for the year 2019. Malaysia's rice exports are classified as:
- Rice in the husk, "paddy" or rough (HS code 100610)
- Semi-milled or wholly milled rice, whether or not polished or glazed (HS code 100630)
- Broken rice (HS code 100640)
- Husked or brown rice (HS code 100620)
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Malaysia rice export values
In 2019, Malaysia shipped rice with a value of 21.66m USD, a surge of 26.03% from 2018's total rice export of 17.186m USD. The yearly increase in value of Malaysia rice between 2017 to 2018 was 883.181%.
The annual change in the quantity of Malaysia's rice exports between 2017 and 2019 was 1584.08 per cent in comparison to a variation of 26.383% in the period between 2018 and 2019.
Export markets for Malaysia rice ( in '000$ )
Malaysia's best performing export markets for rice are Brunei Darussalam, United Kingdom (UK), South Korea, Belgium and China.
Malaysia brought in 1,938,786 tonnes of rice in 2019.
Production
The production of rice in Malaysia was 19,418,568 tonnes in 2019 and is predicted to change by an average of 10.34%. The country had approximately 5,475,328.00 hectares under rice cultivation.