Price of rice increasing due to increased global demand

The price of rice in Vietnam has recently witnessed a significant increase due to the rising demand across the globe due to the COVID pandemic. Vietnamese exporters have already met the requirement of prior to the pandemic, and this is giving Vietnamese exporters an edge in exporting rice to countries such as Malaysia and Indonesia. Furthermore, it is predicted that from now to the end of the year, the demand for stable foods such as rice will increase as the pandemic continues, Therefore, the price of rice is experiencing an upward trend at about USD 492 per MT for 5% broken rice and is expected to increase until the pandemic is settled.