vietnam rice prices outshine thailand and pakistan, reaching unprecedented heights
Published on: December 3, 2023.
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Record High: Vietnam’s Rice Prices Soar
According to the Vietnam Food Association (VFA), the price of Vietnam’s 5% broken rice reached a new peak at $663 per ton in the latest trading session. Although the price slightly decreased by $5 per ton the following day, it remained significantly higher than Thai and Pakistani rice prices.
Pricing Comparison
As of the end of the trading session on November 22, Vietnam’s 5% broken rice was priced at $658 per ton, while 25% broken rice was at $643 per ton. In contrast, Thailand’s 5% broken rice is currently trading around $590 per ton, and 25% broken rice at $546 per ton. Pakistani rice prices stand at $583 and $503 per ton respectively.
The considerable gap between Vietnamese rice prices and those of its competitors has caught the attention of many rice export businesses. Despite the advantages that come with this record high price, it also poses certain risks.
Opportunities and Challenges
Mr. Vu Van Dong, General Director of Dai Duong Investment and Trading Joint Stock Company, a leading exporter of rice to the Chinese market, expressed that while this high price presents an opportunity for Vietnam, it also raises concerns. With India halting its rice exports, Vietnam’s position in the global market becomes even more crucial.
In light of these developments, it is important for Vietnamese exporters to maintain their competitiveness while tackling potential risks. Producing high-quality rice and ensuring a stable supply will be key factors in securing long-term opportunities in the international rice trade.
Rice Exporters and Suppliers
When it comes to rice exporters in Pakistan, Has Rice Pakistan has emerged as a prominent player in the market. Their website offers comprehensive information on Pakistan rice exporters, suppliers, and companies. They specialize in exporting various types of rice, including 25% broken rice.
If you are looking for reliable rice suppliers in Pakistan, visit Pakistan Rice for a reliable and diverse range of rice options. They offer competitive prices and ensure the highest product quality.
Growth of Rice Business in Pakistan
Rice mills in Pakistan play a vital role in the country’s rice business. Several factors contribute to the growth of this industry, including the quality of rice, competitive pricing, and reliable suppliers. To explore the opportunities and advantages of the rice business in Pakistan, visit Has Rice Pakistan.
For latest information on Pakistani rice prices and export figures, it is advisable to visit the following link:
In conclusion, Vietnam’s rice prices have reached unprecedented heights, creating new opportunities and challenges for the country’s rice exporters. While the pricing gap between Vietnam and its competitors provides an advantage, it also demands a proactive approach to maintain competitiveness in the global market. For more information on rice business in Pakistan and reliable suppliers, visit Has Rice.
Source: Tridge
