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About Us
Founded by Jeremy Zwinger in 2002, The International Commodity Institute is the umbrella organization that serves to offer clients an integrated media source that connects all critical aspects of the world rice industry. The institute brings together in-depth market reports and analysis (The Rice Trader publications), trade networking (World Rice Conference and other Events), expounding in various media (Weekly Direct TV Interviews), working with international producers of commodities (Farm & Trade), helping entities with global consulting, and international recognition for achievements and contributions to the global rice industry (World’s Best Rice Award and The Rice Trader Lifetime Achievement Award).
From farm to fork, from research to destination, the rice industry will be able to utilize the tools offered by the International Commodities Institute for insights and the ability to understand short, medium, and long term industry consequences, interpret market dynamics into commercial success…
Testimonials About The rice trader
Mr. Vikram Sadiya
Director Agrisea Group of Dubai
“For the past eight years, AgriSea has consistently found immense value in its sponsorship and active participation in The Rice Trader’s World Rice Conference. The annual event has proven to be a cornerstone for AgriSea’s growth within the global rice industry, providing a platform to cultivate lasting connections and foster crucial business relationships. The conferences serve as an invaluable opportunity to network with industry leaders, explore emerging trends, and ultimately, expand our global reach. AgriSea highly recommends both The Rice Trader Report and the World Rice Conference to anyone seeking to thrive in this dynamic market, as we eagerly anticipate each year’s event.”
Tran Quang Vu
Strategy & International Markets Ho Quang Tri Private Enterprise
“The World’s Best Rice award, presented at the World Rice Conference, has been instrumental in shaping our journey. Our wins in 2019 and 2023 helped bring Vietnam’s ST25 rice to the forefront of the global market — a recognition that translated into trust, demand, and lasting partnerships. But beyond the accolades, what we value most is TRT’s unwavering emphasis on integrity. In an industry as competitive and diverse as rice, TRT has built a platform that champions fairness, credibility, and genuine excellence. We’re proud to be part of this global community.”
INTERNATIONAL CLIENT
Every year, the buzz of anticipation builds across our office as the calendar flips to the moment we’ll join the world’s premier gathering of rice professionals: The Rice Trader’s International Conference. Being not just a participant but a past winner, we’ve witnessed firsthand how TRT transforms a simple meeting into a powerhouse of industry insight, market intelligence, and genuine connection. The conference shines a spotlight on the global rice landscape, delivering critical data and fresh perspectives that directly fuel our strategy and growth. As proud clients, sponsors, and collaborators with the TRT brokering team, we cherish the partnerships forged on those bustling exhibition floors and look forward to many more years of shared success. Thank you, TRT—here’s to the next chapter of innovation and collaboration!
Executive Summary
November 2nd, 2026:
Rumors of change, high supply, and the Philippines pushing prices up on its own remain key points. It is a volatile and risky market, and we clearly are not at the end of this wild ride. Brazil, Israel, and U.S. elections will all affect the market. We call prices Mixed to Confused this week, with Thai 5% leading at $480 PMT and priced out of many markets. Vietnam continues to struggle with the Philippines’ restrictions on imports, but the internal issues are keeping things hot, with prices not at $435 PMT for 5% rice. Oil being priced at a HUGE $104 per barrel (PB) price right now is a major market risk and pretty much assures that the U.S. House and Senate will be handed to the Democrats. The U.S. will fall into some conflict politically over this, but it may very well change the Presidential chances of 2028 by allowing the Republicans to come back. Trump will still have Veto power, and the expected impeachment in the House will not make the mark in the U.S. Senate. The Iran conflict could even intensify as President Trump just gets more aggressive with a clear 2 years left. This will also nearly guarantee that a Farm Bill will be done in the lame duck session of Congress, which will last five years. This is a risk worth going through, as it has been the key factor affecting price, with the Philippines buying wildly, India’s huge supplies, El Niño talk that the S&D graphs are not really showing, the Ukraine conflict, and the border issue with Cambodia greatly shifting the Thai industry. Pakistan is trading lower on fears of large crop supplies and a stop in the Philippines’ buying, with 5% at $410 PMT and many booked for a few months, but now wondering where the next trade will come from. The crop was good, and players like to get ahead of the demand cycle. Trade continues to be strong to the Philippines, but there are worries about the future with a big crop and questionable global demand. The loss of border trade to Afghanistan is an issue, but we are told that the Iran border opened up this week, with much trade occurring for rice to Iran and fuel flowing in a barter trade to Pakistan, which has suffered on low supplies, causing cutbacks to shutdowns.
Thought of the week
Thought of the week: Humanity …
“I always have been optimistic about humanity’s future. Always. Even at the most dismaying of times.”
— @ Patrick Stewart —

