# Vietnam rates fall as buyers hunt cheaper deals - Markets - Business Recorder

> Vietnamese 5% broken rice export prices fell to $485-$490 a tonne as buyers switched to cheaper Thai and Indian offers. A COVID-19 outbreak in the Mekong Delta slowed local sales, and high freight costs deterred exporters.

- Date: 2021-06-03 · published 2021-06-03T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/46665-vietnam-rates-fall-as-buyers-hunt-cheaper-deals-markets-business-recorder
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower Vietnamese offers and competition from cheaper Indian and Thai rice point to softer Asian rice export prices. Freight costs are the main offsetting factor.

## Read by commodity

- RICE: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40097590

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