Vietnamese rice prices return to the top of the table

Published 2022년 6월 29일

Tridge summary

Vietnam's export rice price has reached $418/ton, the highest in Asia, making it the leading price in the rice exporting countries in the region. The prices of Thai and Pakistani rice have increased significantly, but have since fallen, with Thailand's 5% broken rice currently at $410 USD/ton and Pakistan's at under $400/ton. The domestic rice bran market in Vietnam and India is active, with prices reaching record highs. In India, rice bran is becoming a major product in the rice processing process, leading to a significant increase in its price. The Vietnam Trade Office in the Nordic region is seeking a Vietnamese enterprise that produces and exports rice oil.

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

Original content

On June 29, according to the Vietnam Food Association (VFA), Vietnam's export rice price returned to the highest position in the ranking of rice exporting countries in Asia at $418/ton. This price is about 5 USD/ton lower than the peak in mid-March. In the last 3 months, the price of Thai and Pakistani rice has increased sharply by $30-40/ton and took turns leading the market. However, the current price of Thailand's 5% broken rice is 410 USD/ton, in second place. In the past month or so, the country's rice price has fallen by nearly 40 USD/ton. After a shock increase last week and topping the table with a price of 420 USD/ton, this week Pakistani rice prices have dropped from 10-25 USD/ton depending on type. The country's 5% broken rice is currently under $400/ton and ranks third. And India is in fourth place with 343 USD/ton. While the export rice market is quiet, the domestic rice bran market of many countries is very active. Specifically, in Vietnam, the price of rice bran ...

Source: Vietstock