Tridge summary
The export price of rice in Vietnam has increased due to the ban on rice exports from India. The popular rice varieties, which are 5% broken and 25% broken, have been affected the most, leading to higher prices. The General Department of State Reserves has instructed relevant units to import rice and closely monitor the food market to ensure the delivery of the rice by 2023.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The Vietnam Food Association (VFA) has just updated the export price of rice on August 21. Accordingly, Vietnamese rice with 5% broken is at 638 USD/ton, 25% broken rice is at 623 USD/ton; increased by 10 USD/ton and 5 USD/ton respectively compared to the closing session of last week. While Thai rice 5% broken at 628 USD/ton, 25% broken rice at 563 USD/ton increased by 10 USD/ton and 2 USD/ton, respectively. Since India banned rice exports (July 20), Vietnam's 5% broken rice has increased continuously from 533 USD/ton to 638 USD/ton on August 10, then turned back to 628 USD. /ton (on August 18). According to experts, the reason that popular rice (5% broken and 25% broken type rebounded) is because Vietnam is at the end of the summer-autumn rice harvest, the output is not much. This is the type of rice that has been greatly affected by India's rice export ban while the high-quality fragrant rice is less affected. On the Vietnamese side, in recent years, it has imported quite a lot ...
Source: Vietstock
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