The price of 5% broken rice has risen by US$2 per tonne to US$394, while 25% broken rice increased by US$1 per tonne to US$368. Meanwhile, 100% broken rice saw a US$3 increase per tonne, reaching US$313. This marks a positive shift after export prices experienced a steep decline in the first months of the year.

The previous downturn was attributed to a rise in global rice supply, weakening demand from traditional import markets. Additionally, India’s decision to lift its rice export ban has reintroduced a significant supply to the global market.

However, experts believed Vietnam’s rice export prices could soon stabilise and recover. Industry leaders note that 80% of Vietnam’s rice exports fall into the high-quality segment, meaning the impact of India’s return, primarily focused on lower-grade rice, will be temporary.

According to the VFA's data, out of 1.1 million tonnes of rice exported in the first two months of the year, high-quality rice accounted for 80%, reinforcing Vietnam’s competitive edge against India and Thailand. The association also highlighted financial challenges for exporters, particularly short-term loan limits that force businesses to sell quickly instead of stockpiling.

Minister of Agriculture and Environment Do Duc Duy expected rice exports to improve and stabilise within three months, likely by mid-to-late Q2, as global demand picks up.

Vietnamese rice export prices take a steep dive in early 2025

VOV.VN - After remaining high for an extended period, Vietnam's 5% broken rice export price dropped to US$399 per tonne in early 2025, falling below that of regional competitors such as Thailand, India, and Pakistan, according to the Vietnam Food Association (VFA).