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Vietnamese businesses imported 304,000 tonnes of Indian rice through Ho Chi Minh City by mid-June, including 12,000 tonnes of husked rice for animal feed. Indian 5% broken rice is priced about $100 a tonne below Vietnamese rice, and ASEAN-India trade rules give it a zero tariff.
Insiders warn that origin fraud could damage Vietnamese rice's reputation.
Cheap, zero-tariff Indian rice imports compete directly with Vietnamese supply and feed-grade rice, pressuring export and domestic prices. Origin fraud could weaken Vietnam's premium positioning.
en.vietnamplus.vnVietnam+ (VietnamPlusJun 18, 2021After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
