HÀ NỘI In line with the 2024 plan, Indonesia was reportedly set to import approximately three million tonnes of rice, nearly matching the Philippines' planned import of Vietnamese rice, which will make Indonesia one of the world's largest rice importers and a key customer for the Vietnamese rice industry. At this price, Việt Nam's 5% broken rice is currently around $13/tonne lower than the equivalent grade from Thailand (according to the Thai Rice Exporters Association - TREA, Thailand's standard 5% broken rice is priced at $655/tonne). In comparison to Pakistan, Việt Nam's 5% broken rice is approximately $4/tonne higher, with the current price in Pakistan at $638/tonne. Industry insiders said the current export prices of Vietnamese rice aren't high due to limited available stock, with transactions expected to resume at the end of February or early March. Updates on domestic rice prices on February 1 in various locations in the Mekong Delta region reveal that rice prices have been maintaining elevated levels.

Source: Viet Nam News February 02, 2024 03:08 UTC