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Vietnamese 5% broken rice export prices fell to $488-$492 a tonne, about $25 lower than in February, under pressure from lower Indian and Pakistani quotes. Some Vietnamese businesses are re-exporting cheap Indian rice, which exporters say harms the reputation of Vietnamese rice.
The price gap with cheaper Indian and Pakistani rice is pushing Vietnamese export prices lower and drawing buyers to alternative origins. Downward pressure on Asian rice export quotes is likely to persist.
en.sggp.org.vnCao PhongJun 2, 2021Not enough comparable past events yet for a historical read.
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.
