# High shipping costs dent Vietnam's rice prices - BusinessWorld Online

> Vietnamese 5% broken rice prices dipped to $570-$575/t on rising domestic and international shipping costs. Vietnam's May rice exports fell 14.6% from April to 856,000 t, while January-May exports rose 11.2% year on year; the Philippines' planned tariff cut is expected to boost Vietnamese shipments.

- Date: 2024-06-14 · published 2024-06-14T12:00:00.000Z
- Category: logistics · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/29840-high-shipping-costs-dent-vietnam-s-rice-prices-businessworld-online
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher freight and a pending Philippine tariff cut support Vietnamese export demand, but weaker shipment volumes and freight costs cap rice price gains.

## Read by commodity

- RICE: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2020-05-09 | [Rice exports to Bangladesh via West Bengal likely to begin soon \| The Business Standard](https://feedsoft.ai/events/53103-rice-exports-to-bangladesh-via-west-bengal-likely-to-begin-soon-the-business.md) | -4.1% | +14.2% |
| RICE | 2021-08-20 | [Rice Prices Firm Up as Weather Permits a Growing Harvest](https://feedsoft.ai/events/45629-rice-prices-firm-up-as-weather-permits-a-growing-harvest.md) | +0.9% | +4.4% |
| RICE | 2020-09-21 | [Port of Lake Charles to Resume Shipments — Louisiana Farm Bureau News](https://feedsoft.ai/events/51188-port-of-lake-charles-to-resume-shipments-louisiana-farm-bureau-news.md) | -0.5% | -1.1% |
| RICE | 2020-03-19 | [Rice price stabilised thanks to increase in supply, federation says \| Vietstock](https://feedsoft.ai/events/7424-rice-price-stabilised-thanks-to-increase-in-supply-federation-says-vietstock.md) | -4.7% | +0.2% |
| RICE | 2020-06-12 | [South Louisiana Rail Facility to build rice mill - Rice Farming](https://feedsoft.ai/events/6719-south-louisiana-rail-facility-to-build-rice-mill-rice-farming.md) | -3.6% | +10.9% |

## Sources

- bworldonline.com: https://www.bworldonline.com/economy/2024/06/14/601897/high-shipping-costs-dent-vietnams-rice-prices/

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