Prices of Vietnam’s exported rice highest in the world
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Prices of Vietnam’s exported rice are still the highest in the world, with that of 5% broken rice reaching 638 USD per tonne, and 25% broken rice $623 per tonne, according to the Vietnam Food Associaion.
Meanwhile, Thailand’s 5% broken rice is sold at $628 per tonne, and that of Pakistan at 598 USD a tonne.
In the Mekong Delta – the largest rice granary of Vietnam, the price of paddy rice remains at an unprecedented high level in many localities, helping farmers achieve good profits.
In July, the United Nations Food and Agriculture Organisation (FAO)’s rice price index rose to its highest level in nearly 12 years. The move was due to a spike in prices in key rice exporting countries after India imposed export restrictions.
Recently, the Vietnamese Ministry of Industry and Trade announced the list of 210 businesses that are eligible to export rice.
According to the ministry, in the first seven months of this year, Vietnam exported 4.83 million tonnes of rice. The country plans to export about 2.67 million tonnes in the remaining five months of the year.
Questions & Answers
Q.What are the current prices for different grades of Vietnamese exported rice?
What are the current prices for different grades of Vietnamese exported rice?
Vietnam's 5% broken rice is currently priced at 638 USD per tonne, while its 25% broken rice sells for 623 USD per tonne. These are reported to be the highest prices globally.
Q.How do Vietnam's rice export prices compare to those from other major exporting countries?
How do Vietnam's rice export prices compare to those from other major exporting countries?
Vietnam's 5% broken rice is priced at 638 USD per tonne. This is higher than Thailand's 5% broken rice at 628 USD per tonne and Pakistan's 5% broken rice at 598 USD a tonne.
Q.What is the primary reason for the recent increase in global rice prices?
What is the primary reason for the recent increase in global rice prices?
The recent spike in global rice prices, as reflected in the FAO's index, is primarily due to export restrictions imposed by India, a key rice exporting country. This has affected international markets.
Q.What are Vietnam's expected total rice exports for this year?
What are Vietnam's expected total rice exports for this year?
Vietnam has already exported 4.83 million tonnes of rice in the first seven months of this year. The country plans to export an additional 2.67 million tonnes in the remaining five months.
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