Vietnam’s rice price out of sync with rest of world
The rice price in the Mekong Delta has increased in the last couple of weeks, which has resulted in higher export prices.
The Vietnam Food Association (VFA) said the winter-spring rice cultivation area in Mekong Delta fell slightly by 1.2%, while the yield decreased by 6.7% on nearly half of the harvested area.
The output is predicted to decrease by 800,000 tons, or 7.8%, compared with the last winter-spring crop.
This is the second consecutive crop that the Mekong Delta, the country’s largest rice granary, has produced at a lower output, which is unprecedented in the last two decades.
![]() |
Meanwhile, according to Bich, Vietnam’s export price has surged from US$335 to US$358 per ton. This means that the gap between Thailand’s and Vietnam’s export prices has narrowed.
Bich, in his article in Thoi Bao Kinh Te Sai Gon, said that Vietnam raised the export price to equal or higher than Thailand’s price in early 2016 and saw export volume fall dramatically.