According to the Vietnam Food Association, Vietnam's export rice prices have risen sharply recently. The price of Vietnam's five-percent broken rice currently stands at US$453 per ton, an increase of $25 per ton compared to October.
The Vietnam Food Association reported that the asking price of five percent broken rice is at US$428 per ton and the price of 25 percent broken rice is US$406 per ton, increasing US$3 to US$5 tons over the price last week. Notably, the current export prices of Vietnam have surpassed the export rice prices of Thailand, India and Pakistan in the range of US$4 to US$40 per ton.
The southern region should prioritize rice varieties with high quality and yields for export in the upcoming winter-spring rice, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh has said.
According to the Vietnam Food Association (VFA), Vietnamese white rice price has become the highest in the world compared to its peers from India, Thailand, Pakistan and Myanmar.
At the 8th congress of Vietnam Food Association (VFA) yesterday, delegates proposed authorized agencies to negotiate with China to solve problems in rice export to the Chinese market.
There remains considerable potential for Vietnam to export rice to Singapore, according to a Vietnamese delegation which visited Singapore in early August to seek ways to boost the shipment of agricultural products to this country.
