# Rice prices hit 6-year high as Thailand and Vietnam face drought - Nikkei Asia

> International rice prices have risen to a six-year high as drought keeps output low in key exporters Thailand and Vietnam. Saltwater damage and urbanization are also reducing production, and panic buying linked to the coronavirus pandemic is tightening supply.

- Date: 2020-03-30 · published 2020-03-30T12:00:00.000Z
- Category: weather · region Thailand · magnitude medium
- Page: https://feedsoft.ai/events/54207-rice-prices-hit-6-year-high-as-thailand-and-vietnam-face-drought-nikkei-asia
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower exporter output combined with stockpiling demand tightens the global rice supply, supporting higher export prices and raising feed-grade rice and broken-rice costs for buyers.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2020-03-06 | [Asia Rice-Drought-hit Thailand's rates soar to 6-1/2 yr peak on supply dearth](https://feedsoft.ai/events/7987-asia-rice-drought-hit-thailand-s-rates-soar-to-6-1-2-yr-peak-on-supply-dearth.md) | +0.9% | +9.3% |
| RICE | 2020-03-12 | [Asia Rice-Thai drought raises supply jitters, Vietnam rates at over 1-yr high](https://feedsoft.ai/events/7548-asia-rice-thai-drought-raises-supply-jitters-vietnam-rates-at-over-1-yr-high.md) | +10.1% | +10.3% |
| RICE | 2020-01-31 | [Asia Rice-Indian prices extend gains as Thailand battles drought \| Financial Post](https://feedsoft.ai/events/55154-asia-rice-indian-prices-extend-gains-as-thailand-battles-drought-financial-post.md) | -0.3% | -0.3% |
| RICE | 2023-07-11 | [Rice Soars to Two-Year High in Asia on El Niño Drought Risks - Bloomberg](https://feedsoft.ai/events/5208-rice-soars-to-two-year-high-in-asia-on-el-nino-drought-risks-bloomberg.md) | -19.6% | -16.6% |
| RICE | 2026-05-13 | [El Niño fears push rice importers to build stocks as Thailand watches drought risk](https://feedsoft.ai/events/19304-el-nino-fears-push-rice-importers-to-build-stocks-as-thailand-watches-drought.md) | +7.7% | +2.4% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/commodities/rice-prices-hit-6-year-high-as-thailand-and-vietnam-face-drought

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