The export price of Vietnamese rice expected to decline in the next few months

The export price of rice in Vietnam is predicted to decline in the next few months. The major reason is that after a month of continuously purchasing rice for reservation, the Philipines has stopped buying a substantial amount of rice from Vietnam. Additionally, as it approaches the autumn-winter season, the amount of inventory in Vietnam is also expected to increase. For example, the price of 5% broken rice has fallen from USD 485-490 PMT to about USD 470-475 PMT.