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Vietnam: Cost of corrosion of rice prices

Rice
Vietnam
Published May 7, 2022

Tridge summary

In the past 2 weeks, Thai rice has continuously increased in price, 5% broken rice is currently at an average of 445 USD/ton, far ahead of Vietnam's rice price, which is stable at 415 USD/ton. However, compared with some other traditional rice exporting countries such as India and Pakistan, the price of Vietnamese rice is still high. Specifically, India's 5% broken rice sold for 343 USD/ton, 25% broken rice at 323 USD/ton, the same price 72 USD/ton lower than Vietnamese rice.

Original content

In the past 2 weeks, Thai rice has continuously increased in price, 5% broken rice is currently at an average of 445 USD/ton, far ahead of Vietnam's rice price, which is stable at 415 USD/ton. However, compared to some other traditional rice exporting countries such as India and Pakistan, the price of Vietnamese rice is still high. Specifically, India's 5% broken rice sold for 343 USD/ton, 25% broken rice at 323 USD/ton, the same price 72 USD/ton lower than Vietnamese rice. The paradox is that the export price of rice is high, but the profits of enterprises (DN) are still shriveled, and the price of rice farmers' purchasing is stagnant. According to rice production and trading enterprises in the Mekong Delta, the price of Vietnamese rice is still stable at a high level. Commercial contracts going to high-end markets still take place steadily and tend to increase. Because of the high price, traditional customers who import large quantities of medium-grade rice have not dared to ...
Source: Vietstock
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