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Vietnam's fragrant 5% rice fell to $430/mt FOB on October 16, its lowest level since September 2022, according to Platts. The Philippines has extended its rice import suspension to April 2026 with a limited January exception, leaving Vietnam's key buyer largely absent.
The extended Philippine ban removes a major source of export demand, so Vietnamese exporters struggle to find new deals. Prices are likely to stay under pressure through the final quarter of 2025.
spglobal.comChirag AggarwalOct 16, 2025After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% over 20.
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.
