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Amid global rice prices witnessing a downward trajectory, Vietnam’s export rice prices began to rise in the early days of February, according to the latest update data given by the Vietnam Food Association (VFA)
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<h2 style="text-align:justify">VOV.VN - Amid global rice prices witnessing a downward trajectory, Vietnam’s export rice prices began to rise in the early days of February, according to the latest update data given by the Vietnam Food Association (VFA)</h2> <p style="text-align:justify"><img alt="vietnamese rice export price rebounds after tet picture 1" src="https://media.vov.vn/sites/default/files/styles/large/public/2024-02/gao.jpg" title="vietnamese rice export price rebounds after tet picture 1" /></p> <p style="text-align:justify">Specifically, Thailand's 5% broken rice dropped by US$13 per tonne to US$628 per tonne, while its 25% broken rice decreased by US$6 per tonne to US$572 per tonne.</p> <p style="text-align:justify">Similarly, Pakistan's 5% broken rice also plummeted by US$11 per tonne to US$619 per tonne, while Thailand’s 25% broken rice fell by US$10 per tonne to US$564 per tonne.</p> <p style="text-align:justify">In particular, Vietnam’s 5% broken rice increased by US$1 per tonne to US$638 per tonne, while 25% broken rice rose by US$2 per tonne to US$612 per tonne. </p> <p style="text-align:justify">The decrease in price of Thai and Pakistani rice can be attributed to the Thai baht devaluation and limited purchase of raw materials due to rising domestic prices.</p> <p style="text-align:justify">Furthermore, demand from Africa and Europe, especially for the basmati rice segment from Pakistan, has become gloomy due to a sharp increase being recorded in shipping rates due to the Red Sea conflict.</p> <p style="text-align:justify">Meanwhile, Vietnamese rice has bounced back as the nation is entering the winter-spring rice harvest, which makes up the largest rice crop of the year.</p> <p style="text-align:justify">According to industry insiders, Vietnamese rice is expected to grow well this year due to a general shortage of supply sources worldwide.</p> <p style="text-align:justify">Currently, major Vietnamese export markets such as the Philippines, Indonesia, China, and several traditional markets have seen high demand for importing Vietnamese rice.</p>
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