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Tons, the lowest level since February 2020 ($390/ton)
.
Not only Vietnam’s rice, but Indian rice export prices also fell to a low level this week due to weak market demand
.
Currently, the price of 5% broken rice in India is US$352-356 (a sharp drop from US$383/ton at the beginning of July this year)
.
At the same time, the price of 5% broken rice in Thailand this week rose from US$380-395/ton a week ago to US$387-400/ton, but it is still the lowest level in the past two years
.
.
Currently, the price of 5% broken rice in India is US$352-356 (a sharp drop from US$383/ton at the beginning of July this year)
.
At the same time, the price of 5% broken rice in Thailand this week rose from US$380-395/ton a week ago to US$387-400/ton, but it is still the lowest level in the past two years
.
Therefore, the current price of Vietnamese rice is lower than Thailand and close to the price of Indian rice, while the price of Vietnamese rice in April and May was nearly 100 US dollars higher than that of Indian rice
.
.
When explaining the reasons for the drop in rice prices, exporters stated that this was due to sluggish demand and rising transportation costs, and the outbreak of the new crown epidemic also restricted the delivery capacity of companies
.
.
According to the Import and Export Bureau of the Ministry of Industry and Trade, Vietnam exported nearly 3.
6 million tons of rice in the first seven months of this year, with exports amounting to US$1.
937 billion, a year-on-year decrease of 10.
6% and 0.
6% respectively
.
6 million tons of rice in the first seven months of this year, with exports amounting to US$1.
937 billion, a year-on-year decrease of 10.
6% and 0.
6% respectively
.
The Import and Export Bureau of the Ministry of Industry and Trade of Vietnam stated that most traders are afraid of signing new contracts due to restricted traffic and seaport congestion
.
If this situation continues, it will inevitably affect the export of rice and the risk of losing export markets, especially traditional markets such as the Philippines, China and Malaysia
.
.
If this situation continues, it will inevitably affect the export of rice and the risk of losing export markets, especially traditional markets such as the Philippines, China and Malaysia
.
