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Vietnam's fragrant 5% broken rice rose about $31/mt month over month to $500/mt FOB on August 1 after a 5% VAT on exports took effect July 1. Traders report a slow market and expect exports to slow.
The export tax raises offer prices and reduces Vietnamese competitiveness, which may lower export volumes and keep Asian rice prices elevated for importers.
spglobal.comAug 1, 2025After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
