Vietnamese rice surpasses Thailand, setting a record for the highest price in the world

After many struggles for the highest price position in the world, Vietnamese rice has just regained the No. 1 position from Thai rice when continuing to set the highest record price in the past 15 years. According to the Vietnam Food Association (Vietfood), after India imposed a ban on the export of ordinary rice, the prices of Vietnamese and Thai rice raced to increase and set a new record. Specifically, in the trading session on July 19 (before the date India banned rice exports), the price of 5% broken rice for Vietnam's exports was at $533/ton, and Thai rice of the same type was priced at $541/ton. As of August 1, Vietnam's 5% broken rice price averaged $590/ton, the highest price in 11 years. This price was thought to be very impressive, but in the past 20 days, Vietnam's export rice price has continued to increase sharply. Vietfood's updated data shows that, as of August 18, Vietnam's 5% broken rice traded at $628/ton, 25% rice at $618/ton. Meanwhile, Thai rice of the same ...