Export prices of Vietnamese rice soar

Prices of paddy and rice in the Mekong Delta region rose sharply last week. India's curbs on rice exports have sparked fears that export prices from Vietnam and Thailand have soared to their highest levels in more than a decade. the Specifically, the price of 5% broken rice in Vietnam rose from US$515-525/ton a week ago to US$550-575/ton on July 27, the highest level since 2011. the Meanwhile, the price of 5% broken rice in Thailand rose to an 11-year high of $605-610 per tonne on July 27, compared with $545 per tonne last week. the India last week ordered a halt to its largest rice export to stabilize domestic rice prices, which have climbed to multi-year highs in recent weeks as erratic weather threatened output. India is a major rice producer accounting for the world's 40% of rice exports. the Despite falling demand, the rice export ban pushed Indian rice prices to a five-and-a-half-year high of $445-450 a tonne, up from $421-428 a ton last week. the In Vietnam's ...