Vietnam: Rice export prices slightly decrease, agricultural market fluctuates at the end of the year

Published 2024년 12월 15일

Tridge summary

The US Department of Agriculture (USDA) forecasts a record high global rice output of 533.8 million tons in the 2024-2025 crop year, with India being the leading producer. Global rice trade is expected to reach 57.2 million tons in 2025, despite a decrease in exports from the US, Myanmar, and China. In Vietnam, the price of 5% broken rice has decreased due to the USDA's forecast of an increase in global rice supply. In India, the price of 5% broken parboiled and white rice remains unchanged, supported by the depreciation of the rupee. Thailand's rice prices have slightly increased due to the strong baht. The Mekong Delta is urgently completing the 2024-2025 winter-spring crop to harvest before drought and saltwater intrusion. Meanwhile, agricultural product prices in the international market, including corn, soybean, wheat, and Robusta coffee, have decreased due to low export sales and concerns about China's import demand.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Domestically, rice prices in the Mekong Delta have also adjusted in some varieties. According to the latest report from the US Department of Agriculture (USDA), global rice output is expected to reach a record high of 533.8 million tons in the 2024-2025 crop year, up 3.4 million tons compared to the previous forecast. India leads with an estimated output of 145 million tons, also the highest level ever. Farmers harvest rice. - Illustrative photo: VNA Regarding global rice trade, USDA forecasts that in 2025 it will reach 57.2 million tons, up nearly 1 million tons compared to the previous forecast, thanks to supplies from countries such as India, Vietnam, Thailand and Laos. However, rice exports from the US, Myanmar and China are forecast to decrease. According to the Vietnam Food Association (VFA), the price of Vietnam's 5% broken rice is currently offered at $509 per tonne, down from $517 per tonne last week. A trader in Ho Chi Minh City said the price drop was mainly due to the ...

Source: Voh