After India's ban, Vietnamese and Thai rice prices increase day by day

Published 2023년 7월 27일

Tridge summary

India's ban on rice exports has caused the price of rice in Vietnam and Thailand to increase. The price of 5% broken rice in Vietnam rose by $10/ton, while Thailand saw a $30/ton increase. As a result, international customers may turn to other rice sources, including Vietnam, and the world rice price is expected to continue rising due to limited supply.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After India issued a ban on rice exports, the price of 5% broken rice in Vietnam increased by about 10 USD/ton, and Thailand's rice price also increased by 30 USD/ton. Since India issued a ban on rice exports on July 20, world rice prices have increased daily. According to data from the Vietnam Food Association, on July 25, the price of 5% broken rice for Vietnam's exports traded at $543/ton, $10/ton higher than the transaction time on the 20th. -7 at a price of 533 USD/ton. Along with that, the export price of 25% broken rice also increased by 10 USD/ton, reaching 523 USD/ton on July 25, after only 5 days. As of June 23, then the price of 5% broken rice in Vietnam was at $503/ton. Not only Vietnam, the price of Thai rice exports increased even more. Thailand's 5% broken rice from 543 USD/ton (July 20) to 573 USD/ton (July 25); 25% broken rice from 503 USD/ton to 522 USD/ton. // Talking to PLO, Mr. Truong Sy Ba, Chairman of Tan Long Group, said that India is the world's number 1 ...

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