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The Vietnam Food Association says Vietnam's 5% broken rice is quoted at $453 per ton, up $25 from October and the third increase in 2022. Vietnamese prices are now $5-50 per ton above Thai, Pakistani and Indian rice.
Exports for 2022 are forecast above 7 million tons.
Vietnam's premium over other origins and strong export volumes signal firm international rice pricing. Buyers sourcing rice-based feed should expect continued upward pressure.
en.sggp.org.vnVinh Tuong19 de dez. de 2022Após 189 eventos altista de comércio passados, Arroz em casca subiu em mediana +0,2% em 5 sessões (52% de alta; metade central de -1,7% a +2,4%), e +1,0% em 20.
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Vietnam's 5% broken rice rose $25/t to $453, its third increase of 2022 and at a premium to competitors, which confirms firm export price support.
Vietnam's 5% broken rice quote rising $25 to $453/ton, its third increase in 2022, and the premium over Thai, Pakistani and Indian rice show firming Asian export prices that support the global price floor.
It reports Vietnam's 5% broken rice at $453/t, up $25 from October and the third increase of 2022, with Vietnamese quotes above Thai, Pakistani and Indian rice, which reinforces the firm Asian export price backdrop that can lift US rough rice, though the news is a day earlier and the increase is gradual.
