India officially banned the export of broken rice and imposed a 20% export tax on other types of rice, which immediately impacted the world rice market.

Vietnam’s 5% broken rice price estimated at 405 USD per tonne, up 14 USD per tonne from the last week.

The price of Thailand’s 5% broken rice reached 430 USD per tonne, up 12 USD per tonne from the previous week. It is forecast that Thai rice prices will continue to increase soon due to the influence of India’s policy.

Meanwhile, India’s 5% broken rice price averaged 389 USD per tonne, up 6 USD per tonne from the previous week. Prices have increased due to the impact of the new export restriction policy of the Indian Government.

Vietnam’s 5% broken rice price was estimated at 405 USD per tonne, up 14 USD per tonne from the last week, mainly due to the influence of India.

The Vietnam Institute for Policy and Strategy for Agriculture and Rural Development said that India mainly exports dry rice (low-grade), while Vietnam exports large quantities of sticky rice and fragrant rice.

Although not in the same quality segment, India’s imposition of a 20% rice export tax has partly pushed the price of Vietnamese rice.

Businesses may lack supply from India, while animal feed manufacturers still have great demand, so the price of broken rice and by-products of Vietnam’s rice industry is forecast to increase shortly.

Vietnamese rice introduced to French dining table

Vietnamese Trade Office in France and the Vietnamese Embassy in France and their partners, have recently held a ceremony to celebrate the Vietnamese Mid-Autumn Festival at the French distribution system E. Leclerc, and introduce the Vietnamese rice brand in hypermarkets in France.

Vietnam 2022 rice exports to rise to 6.3-6.5 mln tonnes

Vietnam’s rice exports are expected to rise to 6.3 million-6.5 million tonnes this year from 6.24 million tonnes last year on strong demand, the chairman of the country’s food association said on Tuesday.

Bangladesh to import rice from Vietnam and India to replenish reserves

Bangladesh is finalizing deals with Vietnam and India to import a total of 330,000 tonnes of rice as it races to replenish reserves and cool domestic prices, two officials with direct knowledge of the matter said on Monday.

HAGL profits up 25% on rising pig prices

Profits of agriculture company Hoang Anh Gia Lai (HAGL) surged 25% month-on-month to VND125 billion ($5.34 million) in July.

Early ripening longan enjoys high selling price

(BGO) – The farmers in Bac Giang province now start harvesting longans which are sold at higher price of 10 – 15 percent than that of the same period last year, confirmed the Plant Production and Protection Division (Department of Agriculture and Rural Development).

Source: NDO