Vietnam's export rice currently commands the best price among traditional rice-exporting countries. However, high rice prices also create a competitive disadvantage.
The Vietnam Food Association's export rice price listing shows that while Thailand's 5% broken rice dropped by 4 USD/ton today, Vietnam's 5% broken rice remains high, selling at 478 USD/ton. This is approximately 48 USD/ton higher than Thai rice (which sells at 430 USD/ton).
Thailand's 25% broken rice is selling at 413 USD/ton, down 1 USD/ton; Thailand's 100% broken rice is priced at 378 USD/ton, down 2 USD/ton. Thus, compared to similar Thai varieties, Vietnamese rice fetches higher prices by approximately 48 USD (5% broken), 45 USD (25% broken), and 35 USD/ton (100% broken).
Over the past week, Indian rice prices have also fallen to their lowest levels since early May due to the depreciation of the rupee. On June 22, India's 5% broken rice sold at 388 USD/ton; 25% broken rice at 358 USD/ton; and 100% broken rice at 378 USD/ton. Notably, India's 100% broken rice is priced up to 140 USD/ton lower than Vietnam's.
Traders note that Vietnam's peak export rice prices are highly beneficial for export enterprises and rice farmers. However, in the long term, this will pose a competitive disadvantage against other rice-exporting nations, especially considering India's significantly lower prices.
The Vietnam Food Association stated that many Philippine rice importers, currently partnering with Vietnamese businesses, are trending toward purchasing Indian rice due to its more attractive pricing.
Currently, rice prices from Pakistan and Thailand are also quite appealing to Philippine importers.
In Thailand, an increase in supply has caused domestic rice prices to drop sharply over the past two weeks, putting further pressure on Vietnamese rice prices. Consequently, the Ministry of Industry and Trade recommends that rice farmers accelerate the application of technology—particularly machinery in harvesting and preservation—to reduce production costs.
Furthermore, logistics remains a "bottleneck" driving up the cost of Vietnamese rice, an issue that requires active resolution.
Source: Vu Long - https://laodong.vn/kinh-te/gao-xuat-khau-cua-viet-nam-duoc-gia-nhat-nhung-nhieu-ap-luc-canh-tranh-922905.ldo