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$ 0.65 per kilogram or between US$ 0.18 and US$ 0.29 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 1.85 and MYR 2.95 per kilogram or between MYR 0.84 and MYR 1.34 per pound(lb) in Kuala Lumpur and George Town.
In 2023, the approximate wholesale price range for Malaysia rice is between US$ 0.28 and US$ 0.45 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.