# Vietnam fragrant rice prices hit 3-year low on low export demand, Philippines ban | S&P Global

> 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.

- Date: 2025-10-16 · published 2025-10-16T12:00:00.000Z
- Category: trade · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/22483-vietnam-fragrant-rice-prices-hit-3-year-low-on-low-export-demand-philippines
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2026-05-28 | [Vietnam fragrant rice price fall to one-month low on weak Philippine demand \| S&P Global](https://feedsoft.ai/events/19302-vietnam-fragrant-rice-price-fall-to-one-month-low-on-weak-philippine-demand-s.md) | -2.1% | +1.3% |
| RICE | 2026-03-17 | [Vietnam fragrant 5% rice prices fall to record low amid weak demand, ample supply \| S&P Global](https://feedsoft.ai/events/20260-vietnam-fragrant-5-rice-prices-fall-to-record-low-amid-weak-demand-ample-supply.md) | -3.9% | -5.2% |
| RICE | 2025-10-05 | [Vietnam rice prices fall due to Philippines import ban \| Philstar.com](https://feedsoft.ai/events/22488-vietnam-rice-prices-fall-due-to-philippines-import-ban-philstar-com.md) | -3.9% | -7.6% |
| RICE | 2024-05-28 | [Export rice prices from Vietnamese businesse hit world's lowest](https://feedsoft.ai/events/30331-export-rice-prices-from-vietnamese-businesse-hit-world-s-lowest.md) | -4.6% | +1.5% |
| RICE | 2025-07-29 | [Myanmar B1, B2 broken rice prices hit 5.5-year low amid sluggish demand \| S&P Global](https://feedsoft.ai/events/23831-myanmar-b1-b2-broken-rice-prices-hit-5-5-year-low-amid-sluggish-demand-s-and-p.md) | -1.5% | -6.4% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/101625-vietnam-fragrant-rice-prices-hit-3-year-low-on-low-export-demand-philippines-ban

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