# Tight supplies lift Vietnam rice rates to 16-month high - Markets - Business Recorder

> Vietnam's 5% broken rice was offered free on board at $438 per tonne, the highest since July 2021, up from $425-430 the previous week. Traders attributed the rise to tightening Mekong Delta supplies and expected further gains to year-end on rising demand from China and Europe.

- Date: 2022-11-25 · published 2022-11-25T12:00:00.000Z
- Category: trade · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/38753-tight-supplies-lift-vietnam-rice-rates-to-16-month-high-markets-business
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Tighter Vietnamese supplies and firmer export offers push up the global rice benchmark, raising import costs for rice-importing buyers. Prices are expected to keep edging higher into December.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-12-28 | [Asia rice-Thai rates soar to 15-year highs - Markets - Business Recorder](https://feedsoft.ai/events/32790-asia-rice-thai-rates-soar-to-15-year-highs-markets-business-recorder.md) | -1.9% | +4.2% |
| RICE | 2020-12-31 | [Vietnam rates hit 9-year peak on supply crunch; Thai rates dip - Markets - Business Recorder](https://feedsoft.ai/events/49712-vietnam-rates-hit-9-year-peak-on-supply-crunch-thai-rates-dip-markets-business.md) | +2.0% | +10.3% |
| RICE | 2021-01-29 | [ASIA RICE-India prices hit 2-yr peak; Vietnam grapples with supply woes - Markets - Business Recorder](https://feedsoft.ai/events/49238-asia-rice-india-prices-hit-2-yr-peak-vietnam-grapples-with-supply-woes-markets.md) | -2.7% | -4.8% |
| 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 | 2021-01-07 | [Indian prices rise; high Thai rates stoke competition worries - Markets - Business Recorder](https://feedsoft.ai/events/49239-indian-prices-rise-high-thai-rates-stoke-competition-worries-markets-business.md) | +3.7% | +4.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40210715

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