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Vietnam has started buying 5% and 10% broken rice from India to meet domestic needs, including supply for its defence forces and industrial users. A USDA report cited Vietnamese purchases of 100% broken Indian rice at $310 per tonne, well below Vietnam's own offers.
Monthly Vietnamese imports are reported at around 100,000 tonnes.
Vietnam's shift toward higher-grade Indian rice adds export demand for India and may cap Vietnamese prices. Continued buying supports Indian export prices.
thehindubusinessline.comSubramani Ra MancombuApr 12, 2021After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
