Vietnams rice export prices cheaper than Thailands

According to the Ministry of Agriculture and Rural Development, export of rice was estimated at 1.43 million tons, worth US$593 million, down 5.3 percent in volume and 20.2 percent in value compared to the same period last year.

The ministry expected that there would be more new export contracts in the second quarter as the prices of Vietnamese rice was at competitive level in comparison with other rice exporters. The Vietnam Food Association said that the export price of Vietnamese rice was $35-$45 per ton of rice lower compared to that of Thailand’s.

Particularly, the price of Thai 25-percent-broken rice fluctuated from $378 to $382 per ton and that of 5-percent-broken rice was from $393 to $397 per ton. Meanwhile, Vietnam’s 25-percent-broken rice was sold at $335-$339 per ton and 5-percent-broken rice fetched $355-$359 per ton.