# Exclusive: Thai, Vietnamese exporters renegotiate 500,000 tons of rice deals

> Thai and Vietnamese rice exporters are renegotiating prices on about 500,000 tonnes of August-shipment contracts. Sellers are seeking higher prices following the surge in world rice markets after India's ban. Buyers face higher costs or defaulted contracts.

- Date: 2023-08-01 · published 2023-08-01T12:00:00.000Z
- Category: trade · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/12035-exclusive-thai-vietnamese-exporters-renegotiate-500-000-tons-of-rice-deals
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Contract repricing confirms firmer Asian rice export values, so importers should expect higher landed costs for rice-based feed and food inputs.

## Read by commodity

- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2023-08-01 | 1 | +16.1% | 3.1 | Thai and Vietnamese exporters renegotiating 500,000 tons of contracts shows alternative suppliers raising prices, tightening availability and pushing benchmark prices higher on the same day. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-05-11 | [Bright outlook for Vietnamese rice exporters later this year](https://feedsoft.ai/events/65084-bright-outlook-for-vietnamese-rice-exporters-later-this-year.md) | +1.2% | -9.5% |
| RICE | 2023-07-31 | [Thai, Vietnamese prices hit over decade highs on India curbs rice export](https://feedsoft.ai/events/35130-thai-vietnamese-prices-hit-over-decade-highs-on-india-curbs-rice-export.md) | +2.1% | +0.4% |
| RICE | 2022-07-03 | [Surging demand offers Vietnam rice exporters bright prospects](https://feedsoft.ai/events/40568-surging-demand-offers-vietnam-rice-exporters-bright-prospects.md) | +1.1% | +3.3% |
| RICE | 2023-07-21 | [Exclusive: India's rice-export curbs put contracts for 2 million tons at risk, dealers say](https://feedsoft.ai/events/35009-exclusive-india-s-rice-export-curbs-put-contracts-for-2-million-tons-at-risk.md) | -0.6% | -2.2% |
| RICE | 2018-01-17 | [Auspicious start to Vietnamese rice export in 2018 \| VOV.VN](https://feedsoft.ai/events/10608-auspicious-start-to-vietnamese-rice-export-in-2018-vov-vn.md) | +0.5% | +1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/thai-vietnamese-exporters-renegotiate-500000-t-rice-deals-2023-08-01/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.