Vietnamese rice now more pricey than Thailand’s

With the Thai baht weakening, Vietnamese rice is fetching 3 percent higher prices in global markets than varieties from Thailand.

Vietnam’s 5-percent broken rice has been priced at $468-472 per ton since August 8, $15 more than its Thai rivals. The prices have risen by 6.8 percent since the beginning of this month.

Vietnam was the third-largest rice exporter last year behind India and Thailand. In the first seven months of this year, it exported $1.9 billion worth of grains, up 10.9 percent year-on-year, with the Philippines being the top buyer, according to the Ministry of Agriculture and Rural Development.