Vietnam's rice export prices reach 15-year high

Prices of Vietnam’s rice exports have reached the highest level in 15 years following export restrictions in some countries.

Sunday, August 06, 2023 15:51

Vietnam's rice export prices reach 15-year high ảnh 1

Illustrative image (Photo: vtc.vn)

Hanoi (VNA) - Prices of Vietnam’s rice exports have reached the highest level in 15 years following export restrictions in some countries.

The price of 5% broken rice has increased to 590-600 USD pertonne, higher than the 550-575 USD per tonne of the previous week.

Vietnam’s average price of exported rice in the first six monthsof 2023 reached 539 USD per tonne, a 10.2% increase over the same period in theprevious year, according to the General Department of Vietnam Customs.

Exporters expect prices of the grain to rise further afterIndia's move to restrict rice exports.

On July 20, India issued a ban on rice exports, aiming toensure adequate domestic availability at reasonable prices.

Following this ban, rice prices have continued to increase sharplyin other leading rice export centres in Asia.

Thailand’s 5% broken rice price also rose to 627-630 USD pertonne, the highest in the last 15 years, much higher than the price of 545 USD per tonnerecorded in the previous week./.

VNA

#Vietnam #rice exports #15-year high #India #export restrictions #Thailand #Vietnamplus #Vietnam News Agency

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