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Tag: rice

Retail Asia08/04/2025
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Food

Thai rice prices hit over three-year low

2min0
Prices of rice shipped from Thailand declined to an over three-year low this week due to US President Donald Trump’s move to impose import tariffs and an existing market surplus. Meanwhile, India’s rice export prices neared a two-year low on subdued demand. The US announced to impose a flat 26% tariff on all goods being […]
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Retail Asia30/01/2025
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FoodRetail TV

Rice exports grow by over 23%

2min0
Vietnam’s rice exports from Jan. 1-15 reached 268,700 tons worth nearly US$165.7 million, up 38.7% in volume and 23.28% in value year-on-year, according to the Vietnam Food Association. However, export prices for 5% broken rice fell to $413 per ton, with 25% broken rice at $387 per ton. Despite the positive start, the VFA predicts a challenging […]
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Retail Asia13/01/2025
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FoodRetail TV

Rice export prices drop to 4-year low

5min0
Vietnam’s 5% broken rice price has fallen to US$434 per ton, the lowest in four years, posing challenges for businesses and farmers. The price of the country’s 5% broken rice is now lower than that of its major competitors such as Thailand ($479), India ($440), and Pakistan ($448) per ton, according to the Vietnam Food […]
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Retail Asia16/09/2024
Food

Thai rice prices dip to one-year low

2min0
Thai rice prices fell to their lowest in over a year as bidders were forced to reduce their prices in a recent auction held by Indonesia. Thai 5% broken rice was priced at US$550-565 per ton this week, the lowest since July 20, 2023, down from $585 quoted last week. A Bangkok-based trader said the […]
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Retail Asia12/09/2024
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Food

Philippines rice imports up 19% in 8 months

2min0
Rice imports to the Philippines amounted to 2.8 million metric tonnes (MT) during the first 8 months of this year, 19% higher than he same period last year, data from the country’s Department of Agriculture (DA) showed. In its latest report, the department’s Bureau of Plant Industry (BPI) said in August alone, rice from abroad […]
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Retail Asia05/09/2024
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Food

Rice exports top $3.8B in 8 months

1min0
Vietnam exported 6.16 million tons of rice worth nearly US$3.85 billion in the first eight months of this year, the Ministry of Agriculture and Rural Development (MARD) has said. This marked a 5.9% increase in volume and a 21.7% growth in value from the same period last year. According to the MARD, along with the […]
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Retail Asia12/08/2024
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Food

Philippines spends $1.2B on Vietnamese rice in H1

2min0
Rice was the Vietnamese product with the highest export value to Philippines in the first six months of 2024, with a turnover of $1.2 billion, up 41% over the same period last year. According to data from the Vietnam Trade Office in the Philippines, Vietnamese rice has been leading the market in the Philippines, Vietnam’s […]
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Retail Asia12/07/2024
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Food

Vietnamese rice exporter rejects ‘price inflation’ allegation amid corruption scam in Indonesia

3min0
Vietnamese exporter Tan Long Group has refuted an allegation by an Indonesian civil society organization that it sold rice to that country at much higher than market prices. According to the Vietnam Trade Office in Indonesia, the People’s Democracy Study (SDR) recently complained to an Indonesian corruption watchdog that the government bought Vietnamese rice at […]
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Retail Asia10/07/2024
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Food

Rice export prices surge in H1

1min0
According to data from the General Department of Customs, the average rice export price increased by over 18% over the same period last year. The grain was sold at US$959 per ton in Brunei, $868 in the US, $857 in the Netherlands, $847 in Ukraine, $836 in Iraq, and $831 in Turkey. The Vietnam Trade […]
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Retail Asia26/06/2024
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Food

Philippines lowers rice import tax to 15%

2min0
The Philippines, one of the world’s largest rice buyers, has announced a reduction in rice import taxes from 35% to 15%, effective from early this August through 2028. This can be seen as the latest action by the Philippine government to tackle inflation, especially increasing rice prices in the market so far this year. In the first […]
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Retail Asia10/04/2024
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Food

Rice exports rise 42%

1min0
Vietnam exported 2.1 million tons of rice in the first three months, worth $1.4 billion in total, up 42% year-on-year in value. According to the Ministry of Agriculture and Rural Development, main buyers such as the Philippines, Indonesia, China, Ghana, Malaysia, and Singapore all posted growth. The Philippines and Indonesia, however, are making efforts to […]
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Retail Asia15/01/2024
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Food

Rice exports reach record high

2min0
Vietnam’s rice exports soared to 8.13 million tons, valued at US$4.7 billion in 2023, setting a new national record, as per the General Department of Customs. This marked a 14.4% increase in volume and a 35.3% rise in value from the previous year, despite challenges from the El Nino weather pattern. The export surge is […]
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Retail Asia19/12/2023
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Food

Vietnam cooperate on rice exports with Thailand and Philippines

2min0
Vietnam has agreed with Thailand as well as the Philippines to strengthen rice export cooperation to ensure regional and global food security. The consensus was reached when Vietnamese Prime Minister Pham Minh Chinh met with Thai counterpart Srettha Thavisin and Filipino President Ferdinand Romualdez Marcos on the sidelines of the ASEAN-Japan Commemorative Summit on Sunday […]
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Retail Asia18/12/2023
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Food

Rice exports expected to hit $5B this year

2min0
In 2023, the rice farming area nationwide is 7.1 million ha with productivity estimated at 6.08 tonnes of unmilled rice per ha and total output at 43.1 million tonnes, up about 420,000 tonnes from last year. Some 7.75 million tonnes of milled rice was exported during the first 11 months of this year to bring […]
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Retail Asia06/12/2023
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Food

Rice export prices soar to new record

2min0
Vietnam rice export prices have reached a new peak of US$663 per ton, the highest price in the world right now, amid rising global demand. On Monday prices rose 2% in a single day to $663. Rice from Vietnam’s competitor Thailand has also risen 8% in the last four weeks to $625 while Pakistan’s prices […]
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Retail Asia01/12/2023
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Food

Vietnam secures title for World’s Best Rice

2min0
Vietnam has been named the winner of the World’s Best Rice Contest for the second time, with six varieties, including the renowned ST25. The six varieties were submitted by two each from three companies: Ho Quang Tri Private Company, Loc Troi and Thaibinh Seed. They include the ST25 rice developed by farmer-scientist Ho Quang Tri […]
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