Vietnamese rice now more pricey than Thailand’s
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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.
Questions & Answers
Q.What is the specific price difference between Vietnamese and Thai 5-percent broken rice varieties?
What is the specific price difference between Vietnamese and Thai 5-percent broken rice varieties?
Since August 8, Vietnamese 5-percent broken rice has been priced at $468-472 per ton. This makes it $15 more expensive than its Thai rivals, marking a 3 percent higher price in global markets.
Q.How has the price of Vietnamese rice changed since the beginning of this month?
How has the price of Vietnamese rice changed since the beginning of this month?
The price of Vietnamese 5-percent broken rice has increased by 6.8 percent since the beginning of the current month. This rise has contributed to its current higher pricing compared to Thai varieties.
Q.Which country was the primary buyer of Vietnamese grains during the first seven months of this year?
Which country was the primary buyer of Vietnamese grains during the first seven months of this year?
According to the Ministry of Agriculture and Rural Development, the Philippines was the top buyer of Vietnamese grains. Vietnam exported $1.9 billion worth of grains during this period, showing a 10.9 percent increase year-on-year.
Reader pulse
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