# Vietnamese rice export prices climb to over 8-year high - Markets - Business Recorder

> Vietnamese 5% broken rice export prices rose to $480-$490 per tonne, the highest since late 2011, as supplies stayed constrained. Border closures with Cambodia cut paddy purchases, and India and Thailand also face worker shortages and limited supply. Vietnamese exporters have stopped signing new contracts because their rice is now expensive relative to competitors.

- Date: 2020-08-17 · published 2020-08-17T12:00:00.000Z
- Category: logistics · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/51704-vietnamese-rice-export-prices-climb-to-over-8-year-high-markets-business
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Coronavirus restrictions are limiting paddy and milling supply across major Asian exporters, which keeps global export prices elevated. High Vietnamese prices could slow new sales and shift demand to cheaper origins.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2021-08-26 | [Rice import prices to rise as freight rate increases in West African Markets](https://feedsoft.ai/events/45630-rice-import-prices-to-rise-as-freight-rate-increases-in-west-african-markets.md) | -2.8% | +3.6% |
| RICE | 2021-08-17 | [Rice exports from India to take a hit this year - Commodities News \| The Financial Express](https://feedsoft.ai/events/45523-rice-exports-from-india-to-take-a-hit-this-year-commodities-news-the-financial.md) | -1.2% | -0.8% |
| RICE | 2020-07-31 | [Virus slows Indian rice exports; heavy flooding hits Bangladesh - The HinduBusinessLine](https://feedsoft.ai/events/52087-virus-slows-indian-rice-exports-heavy-flooding-hits-bangladesh-the.md) | -0.5% | +9.4% |
| RICE | 2022-01-17 | [Indian rice traders stop new export deals due to shortage of freight trains \| Stock Market News](https://feedsoft.ai/events/43112-indian-rice-traders-stop-new-export-deals-due-to-shortage-of-freight-trains.md) | +5.6% | +6.1% |
| RICE | 2020-08-20 | [Rice export prices rise as exporters grapple with floods, coronavirus](https://feedsoft.ai/events/51565-rice-export-prices-rise-as-exporters-grapple-with-floods-coronavirus.md) | +1.8% | +1.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40012724

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