# Legacy vs price: Rice exports from Vietnam and India vie for ASEAN trade post-COVID-19

> Vietnam and India are competing for ASEAN rice trade after COVID-19, with Vietnam gaining ground through Philippine support and India gaining on price with Malaysia. The Philippines cancelled a planned G2G stockpiling deal after Vietnam resumed rice exports in May.

- Date: 2020-07-20 · published 2020-07-20T12:00:00.000Z
- Category: trade · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/52090-legacy-vs-price-rice-exports-from-vietnam-and-india-vie-for-asean-trade-post
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Competition between Vietnam and India for Philippine and Malaysian demand shapes Asian export pricing. Cancelled government purchases reduce near-term import demand, which is mildly bearish for prices.

## Read by commodity

- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-10-11 | [India’s Rice Exports Drops 29% due to Less Demand from African Countries](https://feedsoft.ai/events/56516-india-s-rice-exports-drops-29-due-to-less-demand-from-african-countries.md) | -0.4% | -2.2% |
| RICE | 2018-12-06 | [India rice rates slip; tough Chinese rules dent Vietnam exports](https://feedsoft.ai/events/61653-india-rice-rates-slip-tough-chinese-rules-dent-vietnam-exports.md) | -3.9% | -6.8% |
| RICE | 2024-07-12 | [Bangkok Post - Asia rice - Vietnam, Thai rates dip as eyes turn to India](https://feedsoft.ai/events/4450-bangkok-post-asia-rice-vietnam-thai-rates-dip-as-eyes-turn-to-india.md) | -18.6% | -14.6% |
| RICE | 2024-05-28 | [Export rice prices from Vietnamese businesse hit world's lowest](https://feedsoft.ai/events/30331-export-rice-prices-from-vietnamese-businesse-hit-world-s-lowest.md) | -4.6% | +1.5% |
| RICE | 2020-02-07 | [India rice exports hit 8-year low as price rise dents demand \| Daily FT](https://feedsoft.ai/events/54542-india-rice-exports-hit-8-year-low-as-price-rise-dents-demand-daily-ft.md) | -1.6% | -4.8% |

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2020/07/20/Legacy-vs-price-Rice-exports-from-Vietnam-and-India-vie-for-ASEAN-trade-post-COVID-19/

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