Vietnamese rice prices return to the top of the table
Rice
Vietnam
Published Jun 30, 2022
Tridge summary
On June 29, according to the Vietnam Food Association (VFA), Vietnam's export rice price returned to the highest position in the ranking of rice exporting countries in Asia at $418/ton. This price is about 5 USD/ton lower than the peak in mid-March.
Original content
In the last 3 months, the price of Thai and Pakistani rice has increased sharply by $30-40/ton and took turns leading the market. However, the current price of Thailand's 5% broken rice is 410 USD/ton, in second place. In the past month or so, the country's rice price has fallen by nearly 40 USD/ton. After a shock increase last week and topping the table with a price of 420 USD/ton, this week Pakistani rice prices have dropped from 10-25 USD/ton depending on type. The country's 5% broken rice is currently under $400/ton and ranks third. And India is in fourth place with 343 USD/ton. While the export rice market is quiet, the domestic rice bran market of many countries is very active. Specifically, in Vietnam, the price of rice bran reached an all-time high with a range of 8,800-9,100 VND/kg. While grade 1 brown rice has an average price of 9,000 VND/kg and grade 1 white rice ranges from 9,500 to 9,600 VND/kg. Not only Vietnam, rice bran also has a price fever in India. According ...
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