# Shoppers Everywhere Hoarding Rice Cost Vietnam Its Stockpile - Bloomberg

> Vietnam is struggling to rebuild its government rice reserves after consumers worldwide rushed to buy the staple amid the coronavirus pandemic. The government had asked traders in March to supply rice for state stockpiles, with the lowest bidders winning contracts.

- Date: 2020-04-17 · published 2020-04-17T12:00:00.000Z
- Category: trade · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/6054-shoppers-everywhere-hoarding-rice-cost-vietnam-its-stockpile-bloomberg
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Vietnamese state stockpiling competes with export supply and keeps domestic and global rice prices firm.

## Read by commodity

- RICE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| RICE | 2020-04-27 | 5 | +16.6% | 5.5 | Global hoarding left Vietnam struggling to rebuild its state reserves, which implies tighter export availability and stronger demand pressure that is bullish for rice. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-07-03 | [Surging demand offers Vietnam rice exporters bright prospects](https://feedsoft.ai/events/40568-surging-demand-offers-vietnam-rice-exporters-bright-prospects.md) | +1.1% | +3.3% |
| RICE | 2021-09-09 | [Asia rice: Vietnamese rates rebound; higher shipping costs curb Indian exports \| Báo Sài Gòn Đầu Tư Tài Chính](https://feedsoft.ai/events/45157-asia-rice-vietnamese-rates-rebound-higher-shipping-costs-curb-indian-exports.md) | +5.3% | +3.9% |
| 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 | 2026-04-07 | [Vietnam fragrant rice price hits 4-month high as exporters hold back fresh offers \| S&P Global](https://feedsoft.ai/events/19791-vietnam-fragrant-rice-price-hits-4-month-high-as-exporters-hold-back-fresh.md) | -3.8% | +2.6% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-04-17/shoppers-everywhere-hoarding-rice-cost-vietnam-its-stockpiles

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