Vietnam's rice export price officially exceeded 600 USD/ton, the highest of all time

Published 2023년 8월 6일

Tridge summary

Vietnam's rice exports have reached a new record high, with prices exceeding $600 per ton. The country's rice exports have increased significantly in both volume and value compared to the previous year, and the structure of exported rice has improved to increase its value. Despite global factors affecting the rice market, such as India's ban on rice exports and the impact of climate change, Vietnam's rice industry continues to thrive.

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

Original content

According to information from the Vietnam Food Association, the export price of Vietnam's rice has officially surpassed the 600 USD/ton mark on August 4, 2023. Specifically, the price of Vietnam's 5% broken rice on August 4 reached 618 USD/ton, the 25% broken rice price was 598 USD/ton; while a day earlier (August 3), the price of Vietnam's 5% broken rice was at 598 USD/ton, the 25% broken rice price was 578 USD/ton. In the domestic market, the price of summer-autumn rice is also increasing day by day. A survey by the Department of Agriculture and Rural Development of An Giang province showed that the price of IR 50404 rice reached 6,800-7,100 VND/kg, OM18 rice reached 7,000-7,200 VND/kg, OM 5451 rice reached 7,000-7,300 VND/kg. A report by the Import-Export Department (Ministry of Industry and Trade) shows that rice exports in the first seven months of the year increased sharply in both output and value over the same period last year (up 18.7% in volume and nearly 30% in volume). ...

Source: Danviet