If in previous months, Vietnam's 5% broken rice price was always 5-7 USD a ton lower than Thai goods, now it is 18-25 USD higher.
According to the Ministry of Agriculture and Rural Development, in October, Vietnam's 5% broken rice price was $425-430 a ton, the highest in a year. This price has made Vietnamese rice higher than similar products of India about $ 48-51 a ton and Thailand $ 18-25 a ton.
The price increased the highest compared to the two leading rice exporting competitors in the world and in the first 10 months of the year, rice exports reached more than 6 million tons, earning nearly 3 billion USD, up more than 17% in volume and more than 7%. value compared to the same period last year.
According to businesses, this is not the first time that the price of Vietnamese rice is higher than that of Thailand (the largest export competitor in the same rice segment). However, recently, Vietnamese rice has changed a lot as it has improved in quality and affirmed its brand.
Pham Thai Binh, General Director of Trung An Hi-tech Agriculture Joint Stock Company (Can Tho), said that in the past, Vietnamese rice exports were mostly popular rice products. High Quality. "Vietnamese fragrant rice lags behind Thailand but is developing many new varieties of rice, so it is increasingly popular with consumers," Mr. Binh said.
This position also said that the price of rice exported to the European market is very high, 700-1,250 USD per ton. Every month his company exports about 30 containers of rice to this market.