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Vietnam's 5% broken rice export price has been at or near the world's highest since August 2022, reaching $468-472 per tonne from early 2023 to mid-March. Vietnamese officials attribute the premium to import demand tied to food security, India's continuing broken rice export ban and 20% tax on white rice, and China's reopened border.
With India restricting exports, buyers are shifting to Vietnamese supply at a premium, which supports Asian rice prices while Indian export restrictions persist.
vccinews.comVietnam Business Forum of Vietnam Chamber of Commerce and Industry (VCCI)-BusinessMar 28, 2023After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
