Thailand and Cambodia are growing quality rice varieties from Vietnam

Vietnam’s 5 percent broken rice prices have hit a peak in the world market, $579 per ton, or $11 per ton higher than the same product of Thailand, its major rival, and $40 per ton more expensive than Pakistan’s rice. Vietnam’s 25 percent broken rice prices are also higher than that of Thailand and Pakistan by $27 and $41 per ton. In 2023, Vietnam exported 8 million tons of rice, worth $4.6 billion, a record since 1969. Vietnam’s export rice price once hit $663 per ton threshold, the highest among rice export products. For a long time, Vietnam’s rice was positioned as low-cost. However, Vietnam’s rice is among the most expensive products in the world with improved quality. Vietnam now has rice varieties with outstanding quality which are better than its rivals, including Thailand. Vietnam’s rice prices are very high in some markets. In Brunei, for example, Vietnam’s rice is sold at $959 per ton. The figures are $868 in the US, $857 in the Netherlands and $847 in Ukraine. In Iraq, ...