Recently, the Indian government lifted its ban on the export of non-Basmati white rice, ending the suspension that lasted over one year on overseas sales.

The average export price of rice stood at 624 USD per tonne, up 13.1%, the ministry said.

According to Deputy Minister of Agriculture and Rural Development Phung Duc Tien, with a well-structured ecosystem in the rice value chain closely linked to the market, Vietnam will not be significantly impacted by India's decision.

Vietnamese rice exporters said that India's decision will exert downward pressure on the prices of rice varieties in the market. However, the price of Vietnamese rice is unlikely to fall below 500 USD per tonne due to limited domestic supply.

Recently, Vietnam won a bid to supply nearly 60,000 tonnes of rice to Indonesia in its September rice tender with a winning price of 548 USD per tonne, down 32 USD from the previous price.

Despite the price decrease in the bid, demand from key markets such as the Philippines and Malaysia remains high. Businesses said that Vietnamese rice has maintained its competitive position in the global market.

According to Dinh Ngoc Tam, Deputy General Director of Co May Company, the price of ST25 rice is unlikely to decrease and may even increase due to global supply shortages.

Vietnamese premium rice enters Canadian market

KD Trading, a logistic company run by two Vietnamese-Canadians, has become the sole partner to distribute ST25 rice (Mr. Cua's rice) in the Canadian market.

Rice exports top 6.1 million tonnes in eight months

Vietnam exported 6.16 million tonnes of rice in the first eight months of this year, up 5.9% over the same period last year, the Ministry of Agriculture and Rural Development (MARD) has said.

Vietnam's rice export prices now highest worldwide

Vietnam's rice export prices have reached the highest levels globally, surpassing those of Thailand, Pakistan, and other major exporters, the Vietnam Food Association (VFA) has announced.

Philippines spends $1.2B on Vietnamese rice in H1

Rice was the Vietnamese product with the highest export value to Philippines in the first six months of 2024, with a turnover of $1.2 billion, up 41% over the same period last year.

Vietnam maintains top position among Singapore's rice suppliers

Vietnam continued to be the top source of rice in Singapore, with 73.4 million SGD (over 54.6 million USD) worth of rice shipment to the nation during January-June, a year-on-year surge of 54.67%.

Rice exports to set record turnover of 5 billion USD in 2024

Rice exports could bring in a record turnover of 5 billion USD this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter.