News

Vietnam's export rice prices increase thanks to the reopening of trade with China

Rice
China
Vietnam
Published Mar 9, 2022

Tridge summary

Asian rice market Vietnam's export rice prices have increased this week thanks to the reopening of trade routes with China, with some traders saying that many people have a need to find alternative sources of goods due to the crisis. Ukraine crisis. Vietnam's 5% broken rice price was traded at $400/ton on March 3, compared with $395-400/ton in the previous week. A trader in Ho Chi Minh City said that shipments to China are expected to increase as the country is opening its border with Vietnam after lifting Covid-19 prevention measures. The trader added that the ongoing crisis in Ukraine may prompt some customers to import more rice from Asia, including Vietnam. Meanwhile, a trader in Bangkok said the situation in Ukraine could cause a slight increase in shipping costs. The price of Thai 5% broken rice increased slightly to 400-403 USD/ton from 400 USD/ton in the previous week, also partly due to the volatility in the market.

Original content

Asian rice market The price of Vietnam's export rice has increased this week thanks to the reopening of trade routes with China, with some traders saying that many people have a need to find alternative sources of goods due to the Ukraine crisis. Vietnam's 5% broken rice price was traded at $400/ton on March 3, compared with $395-400/ton in the previous week. A trader in Ho Chi Minh City said that shipments to China are expected to increase as the country is opening its border with Vietnam after lifting Covid-19 prevention measures. The trader added that the ongoing crisis in Ukraine may prompt some customers to import more rice from Asia, including Vietnam. Meanwhile, a trader in Bangkok said that the situation in Ukraine could cause transportation costs to increase slightly. The price of Thai 5% broken rice increased slightly to 400-403 USD/ton from 400 USD/ton last week, also partly due to volatility in the currency market when the baht was trading at ...
Source: Vinanet

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