White long-grain rice (US)
- White long-grain rice (US) costs about $1.11 a pound in the US (August 2026, BLS).
- Last time this happened: when rice futures jumped -4.2% (Jun 2023 → Dec 2023), rice moved Jun 2023 ($1.003/lb) → Dec 2023 ($0.990/lb, −1.3%) → Sep 2024 ($1.078/lb, +7.5%) (BLS APU0000701312).
- Other forces were pushing too: US retail rice is mostly domestic long-grain; Thai and Vietnamese exports filled the gap for importers while global prices rose.
- The honest lesson: a real export ban by a 40%-share exporter — and US retail rice barely budged. No published US lag study for rice → retail rice was found, so no lag window is stated.
BLS Average Price Data — 'Rice, white, long grain, uncooked, per lb.' in U.S. city average (FRED APU0000701312)