With favorable export conditions, Vietnam’s export rice price has increased again by 5 USD/ton, after 2 days of being adjusted down.
According to the Vietnam Food Association, after a decrease of 5 USD/ton, 2 days later, Vietnam’s export rice price has increased again with an increase of 5 USD/ton for 5% broken and 25% broken rice. 100% rice remains stable, little fluctuation.
Specifically, on March 5, 2022, after increasing the price of 5 USD/ton, the price of 5% broken rice was offered for sale in the international market at 403 USD/ton, 25% broken rice was also adjusted to increase back to the price level. 378 USD/ton. 100% broken rice remained stable at 338 USD/ton.
Exports optimistic, Vietnam’s rice export price increased by 5 USD:
Vietnam’s export rice price has increased again by 5 USD/ton for 5% broken and 25% broken rice. Photo: Vu Long
After an increase of 5 USD, the price of Vietnam’s 5% broken rice was 5 USD/ton higher than Thailand’s 5% broken rice; Vietnam’s 25% broken rice is 15 USD/ton lower than Thai rice; Vietnam’s 100% broken rice is 49 USD/ton lower than Thai rice. Currently, Thai rice is being sold at prices (order 5% broken, 25% broken and 100% broken) 398 USD/ton, 393 USD/ton and 387 USD/ton.
At the same time, the price of Pakistan’s 100% broken rice export also increased by 3 USD/ton, sold at 326 USD/ton, 12 USD/ton lower than Vietnam’s 100% broken rice; Pakistan’s 5% broken rice sold at 338 USD/ton, 65 USD/ton lower than Vietnam’s 5% broken rice; Pakistan’s 25% broken rice sold at 316 USD/ton, 62 USD/ton lower than Vietnam’s 25% broken rice.
India’s rice exports remained at $343/ton (5% broken rice), $323/ton (25% broken rice) and $308/ton (55% broken rice). Compared with Vietnamese rice, Indian rice varieties are lower respectively 60 USD/ton, 55 USD/ton and 30 USD/ton (5% broken rice, 25% broken rice and 100% broken rice).
It is known that Vietnam’s rice exports in the first two months of 2022 are at an optimistic level. In particular, right in the first month of 2022, rice exports surged sharply, reaching 505,741 tons, worth $246.02 million, up sharply 45.4% in volume, up 28.2% in value. compared to the same period last year.
Generally, in less than the first 2 months of 2022, rice exports brought in more than 314 million USD, up over 36% in volume and 19.6% in value over the same period last year.
laodong.vn