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Thursday, December 8, 2022

Thailand’s 5% broken rice pricier than Vietnam’s

By Trung Chanh

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CAN THO – The price of Thailand’s 5% broken rice for export on January 4 rose by US$12 to reach US$398 per ton, surpassing that of Vietnam, according to the Vietnam Food Association.

Thailand also adjusted up the export prices of its 25% and 100% broken rice by US$7 and US$1 to US$386 and US$361 per ton.

Given the price adjustment in early 2022, the export prices of Thailand’s rice types mentioned above reversed course to surpass those of Vietnam.

Specifically, the export prices of Thailand’s 5%, 25%, and 100% broken rice are currently US$5, US$13 and US$33 per ton costlier than those of Vietnam.

However, Vietnam’s rice export prices are still higher than those of its rivals from India and Pakistan.

The export prices of Vietnam’s 5%, 25%, 100% broken rice are now US$45, US$45, US$14 per ton higher than those of Paskitan. Similarly, the country’s export prices of these three types of rice are US$50-60 per ton higher than those of India.

In November last year, as the Philippines, the largest importer of Vietnam’s rice, temporarily restricted rice imports from Vietnam, local exporters facing such difficulties decided to revise down rice prices. Since then, new export prices of Vietnamese rice have been established.

According to the General Department of Vietnam Customs’ report, last year through mid-December, Vietnam had exported nearly six million tons of rice valued at over US$3.1 billion. This is one of the six Vietnamese farm products whose export turnover exceeded US$3 billion in 2021.

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