Here are some local rice forward markets that are online in areas of the world (US, Brazil, Mainland China, Japan). Some enjoy trade volume and price discovery, others not. India had a rice forward contract but the government shut it down. None can compare in reach and volume activity to the rough or paddy rice contract at the Chicago Board of Trade, owned and administered by the CMEGroup, the largest grain exchange in the world. Most inactivity on these exchanges is due to prices higher than the world market, as has been the case in Thailand, Japan, and China. High US prices shut down rice futures temporarily in the 1983-1985 period, when they migrated from New Orleans to Chicago.