Vietnam's rice export price is the highest in the world after India's tax order
Rice
Vietnam
Published Aug 29, 2023
Tridge summary
India imposed a ban on ordinary rice exports on July 20, causing a surge in the global rice market. Myanmar is also expected to limit rice exports next month, further reducing supply and driving up export prices. Vietnamese rice prices have reached a 15-year high due to high demand and increased domestic prices, while Thai rice prices dropped.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
India banned the export of all ordinary rice from July 20, causing a rapid increase in the world rice market. Recently, August 25, the world's largest rice exporter has continued to apply an export tax of 20% on parboiled rice. Speaking to VnExpress, Ms. Phan Mai Huong, co-founder of SSResource Media Pte.Ltd (Singapore), a unit specializing in providing information and analyzing the world rice market, said that Myanmar may limit exports next month. export all kinds of rice. These moves are reducing rice exports from India and Myanmar, pushing export prices into a new increase. At the end of the session on August 28, the export price of Vietnam's 5% broken rice continued to rise to $643 a ton, $13 a ton higher than Thai rice. This is also the highest level in the past 15 years. While all kinds of Vietnamese rice simultaneously increased in the last 5 sessions, Thai goods turned down again. Meanwhile, Thailand's 25% broken rice session 28/8 fell to 563 USD a ton, 65 USD lower than ...
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