Vietnam’s rice export price outstrips Thailand’s

Specifically, Vietnam’s export price of 5% broken rice is being traded at US$438 per tonne, while the price of the same rice type of Thailand, India, and Pakistan hovers at US$373, US$358, and US$363 per tonne, respectively.

Tran Chi Hung, director of Hau Giang province’s Department of Agriculture and Rural Development, stated that rice prices have already inched up and are poised to reach stable high levels in the future.

According to a number of rice exporters, the price of several rice varieties, especially fragrant and specialty rice, is forecast to increase moving forward.

At present, Vietnamese enterprises have exported approximately five million tonnes of rice worth US$2.6 billion.

With difficulties faced in the transportation of rice for export gradually removed, local businesses have been primarily focusing on delivering rice orders that were previously stuck due to the COVID-19 pandemic.

Foreign markets have also returned to place additional export orders, which will duly contribute to boosting Vietnamese rice exports in the near future.