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Vietnamese 5% broken white rice fell to $472/mt FOB on Dec. 31, down $27 month over month and $168 year over year, the lowest since April 2023.
Weak demand, expected higher supplies at the start of 2025 and competition from India and Pakistan drove the decline.
Lower Asian rice export quotes weaken the global rice price floor and reduce the cost of rice-based feed ingredients, while Indonesia's planned import cuts add further pressure on Vietnamese prices.
spglobal.comDec 31, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
