Rice exports under short-term pressure

Source: congthuong.vn Main market reduces imports On February 27, the export price of Vietnamese rice decreased slightly compared to the previous day. According to the Vietnam Food Association (VFA), 5% broken rice is currently trading at 400-415 USD/ton; 100% broken rice is at 315-319 USD/ton, down 1 USD/ton; Jasmine rice is at 432-436 USD/ton, also down 1 USD/ton. This development reflects the pressure from a sharp increase in domestic supply and a slowdown in import demand from some major markets. Notably, the Philippines, Vietnam's largest rice market, is expected to reduce its rice imports to around 150,000 tons/month in March and April 2026, much lower than the previous average of about 400,000 tons/month. This move aims to protect domestic farmers during the peak harvest season and stabilize the domestic market. The reduction in imports by the main market occurs at the same time as the 2025-2026 Spring crop in the Mekong Delta enters the harvesting phase, increasing ...