
Vietnamese domestic and export rice prices were little changed in early November, while the FAO rice price index rose for a seventh consecutive month to its highest level since February 2025. Vietnam’s rice export volume and value were down 4.6% and 9.7%, respectively, in the first ten months of 2026 year over year; analysts expect El Niño risks to support higher global prices in 2027.
Rising global demand and supply constraints, alongside potential El Niño-related crop risks, support rice prices even as Vietnam’s export volumes lag. The price outlook is bullish, though current Vietnamese prices were stable.
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