# Vietnam Buys Indian Rice For First Time In Decades - Industry Officials

> Vietnam, the world's third-largest rice exporter, has started buying rice from India for the first time in decades after local prices hit a nine-year high. Indian traders are contracted to supply 70,000 tonnes of 100% broken rice for January and February at about $310 per tonne FOB.

- Date: 2021-01-05 · published 2021-01-05T12:00:00.000Z
- Category: trade · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/49243-vietnam-buys-indian-rice-for-first-time-in-decades-industry-officials
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Tight Asian supplies and a large India-Vietnam price gap are shifting import demand toward Indian rice, which could lift global rice prices through 2021.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-12-12 | [Asia Rice-India prices rebound, Vietnam sees uptick in demand \| Financial Post](https://feedsoft.ai/events/55667-asia-rice-india-prices-rebound-vietnam-sees-uptick-in-demand-financial-post.md) | +2.9% | +5.2% |
| RICE | 2022-08-29 | [Thailand, Vietnam to cooperate in raising rice price in global market: Official \| The Straits Times](https://feedsoft.ai/events/40101-thailand-vietnam-to-cooperate-in-raising-rice-price-in-global-market-official.md) | +0.4% | +0.2% |
| RICE | 2021-01-08 | [Vietnam imports Indian broken rice \| VOV.VN](https://feedsoft.ai/events/49241-vietnam-imports-indian-broken-rice-vov-vn.md) | +3.6% | +4.4% |
| RICE | 2023-03-28 | [Vietnam Business Forum of Vietnam Chamber of Commerce and Industry (VCCI)-Business](https://feedsoft.ai/events/36911-vietnam-business-forum-of-vietnam-chamber-of-commerce-and-industry-vcci-business.md) | -4.2% | -5.2% |
| RICE | 2018-02-26 | [Vietnam Business Forum of Vietnam Chamber of Commerce and Industry (VCCI)-Business](https://feedsoft.ai/events/11654-vietnam-business-forum-of-vietnam-chamber-of-commerce-and-industry-vcci-business.md) | +2.5% | +3.3% |

## Sources

- dtnext.in: https://www.dtnext.in/news/business/vietnam-buys-indian-rice-for-first-time-in-decades--industry-officials

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