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Vietnamese rice processors in Dong Thap province report that rising raw rice prices have squeezed margins, as contracts fixed earlier prevent them from raising product prices. IR504 rice rose from VND13,600 to VND15,000 per kg during early August.
Sustained domestic rice price increases in Vietnam reflect tight regional supply after India's export curbs, reinforcing upward pressure on rice prices.
vietnamnews.vnAug 17, 2023Not enough comparable past events yet for a historical read.
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.
