# Vietnam Business Forum of Vietnam Chamber of Commerce and Industry (VCCI)-Business

> 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.

- Date: 2023-03-28 · published 2023-03-28T12:00:00.000Z
- Category: trade · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/36911-vietnam-business-forum-of-vietnam-chamber-of-commerce-and-industry-vcci-business
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

With India restricting exports, buyers are shifting to Vietnamese supply at a premium, which supports Asian rice prices while Indian export restrictions persist.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2018-02-26 | [Vietnam Business Forum of Vietnam Chamber of Commerce and Industry (VCCI)-Business](https://feedsoft.ai/events/11654-vietnam-business-forum-of-vietnam-chamber-of-commerce-and-industry-vcci-business.md) | +2.5% | +3.3% |
| RICE | 2021-01-05 | [Vietnam Buys Indian Rice For First Time In Decades - Industry Officials](https://feedsoft.ai/events/49243-vietnam-buys-indian-rice-for-first-time-in-decades-industry-officials.md) | -0.9% | +7.3% |
| RICE | 2021-03-18 | [Asia rice: India, Vietnam rates gain on robust demand; BD eyes - Markets - Business Recorder](https://feedsoft.ai/events/48197-asia-rice-india-vietnam-rates-gain-on-robust-demand-bd-eyes-markets-business.md) | +1.4% | -1.2% |
| RICE | 2022-12-01 | [Asia rice: Thailand, Vietnam bank on new deals; few eye cheaper India supply - Markets - Business Recorder](https://feedsoft.ai/events/38308-asia-rice-thailand-vietnam-bank-on-new-deals-few-eye-cheaper-india-supply.md) | -6.2% | +0.5% |
| RICE | 2021-04-12 | [Now, Vietnam begins buying higher grade rice from India  - The HinduBusinessLine](https://feedsoft.ai/events/47692-now-vietnam-begins-buying-higher-grade-rice-from-india-the-hindubusinessline.md) | -1.6% | +8.4% |

## Sources

- vccinews.com: https://www.vccinews.com/news/49026/prices-of-vietnamese-rice-exports-at-world-s-highest.html

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