Global trading platform TridgeGlobal trading platform TridgeGlobal trading platform Tridge
Our Services
Maximize your business opportunity with our Intelligence & Data Solution. Get started now.

News & Insights

Local News

The price of Vietnamese rice rose to the highest level in 2 years

Updated Feb 6, 2023
In early February, rice prices in the world market fluctuated quite strongly. Accordingly, the export price of Vietnam's rice on February 5 increased by 15 USD/ton compared to the end of last month. Specifically, 5% broken rice traded at $473/ton, 25% broken rice at $453/ton. This is the highest price in the past few years. However, this price is still 20 USD lower than Thai rice and 10 USD/ton lower than Pakistani rice.
Previously, in December 2022, the export price of Vietnam's 5% broken rice remained at the highest level in the world with about 438 USD/ton; 25% rice at 418 USD/ton (about 20 USD/ton higher than Thai rice of the same type). Mr. Do Ha Nam - Vice Chairman of the Vietnam Food Association - said that usually at the end of the season the rice price is very low, so importers base on that price to negotiate to buy the winter-spring crop. However, this year, we sold at a high price, so the contracts signed for the winter-spring crop in 2023 will have better prices. According to Mr. Nam, the price of rice for export in the first month of 2023 increased due to economic and political uncertainties, the conflict between Russia and Ukraine has not ended, countries have more demand for food reserves. "Currently, many major rice importing countries from Vietnam such as China, the Philippines, Africa ... are actively purchasing rice for reserve. Particularly, the Philippines - Vietnam's largest ...
Everything you love about a trade show, made 24/7
Sponsored by

Recommended exhibitors for you

By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.