# Thai, Vietnamese prices hit over decade highs on India curbs rice export

> Vietnamese 5% broken rice reached $550-575 per tonne, its highest since 2011, and Thai 5% broken hit $605-610, an 11-year peak, after India's ban on non-basmati white rice exports. Indian parboiled rice also rose to a 5.5-year high, while exporters have paused new contracts.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: trade · region Asia · magnitude high
- Page: https://feedsoft.ai/events/35130-thai-vietnamese-prices-hit-over-decade-highs-on-india-curbs-rice-export
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

India supplies about 40% of world rice exports, so the ban is tightening global supply and lifting Asian export prices further. Buyers should expect firm rice prices and possible substitution into other grains.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-07-31 | [Vietnamese rice prices increase after India’s export ban](https://feedsoft.ai/events/35132-vietnamese-rice-prices-increase-after-india-s-export-ban.md) | +2.1% | +0.4% |
| RICE | 2023-10-24 | [Vietnam’s export rice prices reach record high](https://feedsoft.ai/events/33697-vietnam-s-export-rice-prices-reach-record-high.md) | -0.2% | +8.1% |
| RICE | 2020-05-01 | [Asia Rice-India export prices hit 9-month peak as demand recovers](https://feedsoft.ai/events/9190-asia-rice-india-export-prices-hit-9-month-peak-as-demand-recovers.md) | -1.8% | +0.3% |
| RICE | 2021-09-09 | [Asia rice: Vietnamese rates rebound; higher shipping costs curb Indian exports \| Báo Sài Gòn Đầu Tư Tài Chính](https://feedsoft.ai/events/45157-asia-rice-vietnamese-rates-rebound-higher-shipping-costs-curb-indian-exports.md) | +5.3% | +3.9% |
| RICE | 2022-12-19 | [Vietnam’s export rice price increases highly \| SGGP English Edition](https://feedsoft.ai/events/8468-vietnam-s-export-rice-price-increases-highly-sggp-english-edition.md) | +8.0% | +7.7% |
| CORN | 2024-01-18 | [India's corn exports plunge as local prices rally on strong demand](https://feedsoft.ai/events/32179-india-s-corn-exports-plunge-as-local-prices-rally-on-strong-demand.md) | +1.1% | -5.6% |
| CORN | 2025-05-01 | [US export demand pulls corn prices higher — TradingView News](https://feedsoft.ai/events/24703-us-export-demand-pulls-corn-prices-higher-tradingview-news.md) | -3.8% | -1.4% |
| CORN | 2017-07-19 | [US ethanol exports ease thanks to higher prices at home  : The Daily Digest](https://feedsoft.ai/events/69962-us-ethanol-exports-ease-thanks-to-higher-prices-at-home-the-daily-digest.md) | -1.3% | -4.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/thai-vietnamese-prices-hit-over-decade-highs-on-india-curbs-rice-export/

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