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According to statistics from the Vietnam Food Association (VFA), in the past 5 months (from mid-February to present), the market price of 5% of broken rice in Vietnam has dropped by US$110/ton
.
Compared with competitors in the same category and the same period, this is the biggest price cut
.
.
Compared with competitors in the same category and the same period, this is the biggest price cut
.
For example, in mid-May this year, 5% broken rice in Vietnam was quoted at US$513-517/ton, then India’s price was US$398-402/ton, the US and Pakistan were US$448-452/ton, and Thailand’s price was US$480-484.
/Ton
.
/Ton
.
Currently, 5% of broken rice in Vietnam is quoted at US$400-404/ton, India and Pakistan are quoted at US$383-387/ton, and Thailand is US$390-394/ton
.
.
The current export quotations of 5% crushed rice from Vietnam have fallen by US$113/ton, India’s quotations have fallen by US$15/ton, Pakistan has fallen by US$65/ton, and Thailand has fallen by US$90/ton
.
Obviously, compared with its competitors, Vietnamese rice has the biggest drop
.
.
Obviously, compared with its competitors, Vietnamese rice has the biggest drop
.
According to the Crop Bureau of the Ministry of Agriculture and Rural Development of Vietnam, as of July 22, the sown area of summer and autumn crops in 2021 in the provinces and cities of the Jiulong River Plain was 1.
5 million hectares, of which 750,000 hectares were harvested and the output was 5.
86 tons/ha
.
5 million hectares, of which 750,000 hectares were harvested and the output was 5.
86 tons/ha
.
At the same time, the price of rice in Vietnam is getting closer to that of its competitors.
Specifically, 5% of broken rice in Vietnam is only US$10/ton higher than Thailand and US$17/ton higher than India and Pakistan
.
Specifically, 5% of broken rice in Vietnam is only US$10/ton higher than Thailand and US$17/ton higher than India and Pakistan
.
The VFA report shows that from the beginning of this year to mid-July, Vietnam exported 3.
326 million tons of rice, with an export value of US$1.
805 billion, a year-on-year decrease of 10.
31% and 0.
15% respectively
.
326 million tons of rice, with an export value of US$1.
805 billion, a year-on-year decrease of 10.
31% and 0.
15% respectively
.
