Business

Vietnam’s export rice price reaches new peak

The prices of Vietnamese export rice have soared to the highest level ever, according to the Vietnam Food Association (VFA).
Vietnam’s export rice price reaches new peak ảnh 1The prices of Vietnamese export rice have soared to the highest level ever. (Photo: VNA)

HCM City (VNA) – The prices ofVietnamese export rice have soared to the highest level ever,according to the Vietnam Food Association (VFA).

Vietnam’s 5% broken rice is traded 653 USD per tonne, up 10 USD per tonne,while the 25% broken rice is sold at a record high of 638 USD  per tonne.

They are much higher than those of Thailand and Pakistan. Specifically, 5%broken rice is valued at 560 USD per tonne in Thailand and 563 USD in Pakistan,and 25% broken rice at 520 USD in Thailand and 488 USD in Pakistan.

The VFA said there is ample room for Vietnamese rice exports as demandcontinues to climb across the globe. The Philippines wants to import additional1.1 million tonnes of rice, while the demand from Indonesia is 2.3 milliontonnes. China’s rice import is expected to surge in the end of the year.

Vietnamese exporters said rice price will continue its upward trend even in thefall-winter and winter-spring harvest seasons as global demand has increasedover years while supply has tapered off due to climate change.

Boasting high-quality rice which has won the taste of foreign consumers, Vietnamcould sell its rice at 640-650 USD per tonne in the end of 2023, they added.

Domestic rice prices have been on the rise as a result of increasing exportdemand, with the 5% broken grain sold at 15,343 VND (0.62 USD) per kilogramme,up 3,000 VND, while 25% broken one traded at 14,725 VND per kilogramme, upnearly 3,000 VND from July.

However, many rice traders said this poses a challenge for them since they findit hard to get sufficient volume of the ordered rice. They have been hesitantto sign new rice export contract for fear of loss.

Vietnam’s export rice price reaches new peak ảnh 2Vietnam is able to export 7.8 million tonnes of rice, and earned 4.2-4.5 billion USD in export revenue in 2023. (Photo: VNA)

Statistics from the General Department of Vietnam Customs showed Vietnam gained 4billion USD from shipping more than 7.1 million tonnes of rice abroad duringJanuary - October, up 35% in value and 17% in volume as compared to the sametime last year.

The Ministry of Agriculture and RuralDevelopment said Vietnam is able to export 7.8 million tonnes of rice, and earned4.2-4.5 billion USD in export revenue in 2023./.

VNA
#Vietnamese export rice #highest level ever #Vietnam Food Association #high-quality rice #rice traders #fear of loss #Vietnam News Agency #Vietnamplus
Follow VietnamPlus

Related News

Vietnam rice exports surge to new record revenue

Vietnam rice exports surge to new record revenue

Vietnam set a new record in rice export revenue in the first nine months of 2023 thanks to the increasing price of exported rice, according to the Ministry of Agriculture and Rural Development.
Vietnam to be major source of rice supply to Indonesia

Vietnam to be major source of rice supply to Indonesia

Indonesia’s selection of Vietnam as a major source for its rice purchases has further solidified the position and quality of Vietnamese rice, said the Vietnamese Trade Office in Indonesia following a statement from an Indonesian official that Indonesia will import 1.5 million tonnes of rice from Vietnam and Thailand.
170 eligible rice exporters announced

170 eligible rice exporters announced

The Ministry of Industry and Trade’s Department of Export and Import recently announced a list of 170 eligible rice exporters as of October 18.

See more

The introduction of three new domain extensions alongside existing extensions such as com.vn, org.vn, edu.vn, id.vn and biz.vn would create a more diverse and sector-specific national “.vn” domain system. (Photo: VNNIC)

Vietnam extends free .id.vn, .biz.vn domain fees to three years

The new domain extensions and improved fee incentives are intended to promote the digital economy and digital society by making national “.vn” domains more accessible, particularly to small and medium-sized enterprises, household businesses, cooperatives and young people.

At the ground-breaking of the social housing project in the Dinh Trung Central Park urban area in Vinh Phuc ward, Phu Tho province. (Photo: VNA)

Phu Tho breaks ground on 42 million USD social housing project

Developed by a consortium of An Phu Company Ltd and Eco Fire Company Ltd on a site covering more than 13,000 sq.m in the Dinh Trung Central Park urban area in Vinh Phuc ward, the projects is scheduled for completion and occupation in the first quarter of 2028. It is the 22nd social housing project to break ground in the province so far.

People enjoy tea at the fair. (Photo: VNA)

Northwest tourism fair opens in Lao Cai

Running from October 15 to 21, the fair is part of the expanded Northwest tourism cooperation programme for 2026 and is held in connection with the 2026 Muong Lo Culture and Tourism Festival.

Speakers at the thematic session on economic cooperation at the St. Petersburg Chamber of Commerce and Industry on October 16. (Photo: VNA)

Vietnam-Russia trade at structural turning point: report

The report adopts a practical approach, focusing on how businesses operate rather than relying solely on diplomatic assessments. Its aim is to identify ways to translate the two countries’ political goodwill and longstanding trust into tangible economic cooperation.

An overview of the Vietnam-Cambodia International Commerce & Culture Forum 2026. (Photo: VNA)

Vietnam-Cambodia Int’l Commerce & Culture Forum promotes business ties

Alongside the positive growth in bilateral economic and trade ties, Vietnamese Ambassador to Cambodia Nguyen Minh Vu highlighted regular cultural exchange activities, including culture weeks and days, artistic performances and photo exhibitions, which have helped introduce each country’s culture to the people of the other.

Prime Minister Le Minh Hung (C) witnesses the exchange of the Strategic Alliance Agreement between Petrovietnam and PETRONAS. (Photo: VNA)

Prime Minister backs PETRONAS’ further investment expansion in Vietnam

Prime Minister Le Minh Hung praised PETRONAS and the Vietnam National Industry-Energy Group (Petrovietnam) for maintaining a strong partnership for more than 30 years, with joint efforts supporting Vietnam’s energy security, sustainable development and economic growth, as well as those of the Asian region.

The central province of Nghe An holds an investment promotion conference in Seoul on October 15. (Photo: VNA)

Nghe An seeks stronger tech, clean energy ties with RoK

A Nghe An official affirmed the province's commitment to providing a fair and favourable investment environment, preparing cleared land in the expanded Southeast Nghe An Economic Zone, streamlining administrative procedures, and ensuring clean energy infrastructure for investment projects.

Deputy Minister of Foreign Affairs Nguyen Minh Hang (right) meets with US Deputy Assistant Secretary of Commerce for Asia and Acting Executive Director of SelectUSA Kelly Coldiron in Hanoi on October 15, 2026. (Photo: baoquocte.vn)

Vietnam, US propel economic, trade, investment ties

Vietnam considers the US one of its leading strategic partners and wants to continue advancing the Comprehensive Strategic Partnership in a stable, substantive, and effective way for the benefit of its citizens and enterprises, said Deputy Minister of Foreign Affairs Nguyen Minh Hang.

Deputy Foreign Minister Nguyen Minh Hang (R) receives Pamela Phan, former Deputy Assistant Secretary for Asia at the US Department of Commerce, in Hanoi on October 15, 2026. (Photo: baoquocte.vn)

Vietnam, US look to strengthen business, investment ties

Vietnam and the US should further promote business connections and practical cooperation in trade and investment, Deputy Foreign Minister Nguyen Minh Hang told Pamela Phan, former Deputy Assistant Secretary for Asia at the US Department of Commerce, in Hanoi on October 15.