ANN/VIETNAM NEWS – Vietnam’s rice export prices have begun to recover, driven by stronger demand from major markets including the Philippines and China.

Despite the improvement, exporters continue to face challenges from ample global supplies, increasing competition among leading exporting countries and growing trade barriers.

According to the Vietnam Food Association (VFA), export prices continued to strengthen this month.

As of July 22, Vietnamese Jasmine rice was priced at USD513-517 per tonne, about USD8 higher than a month earlier. Five per cent broken fragrant rice rose by USD20-30 to USD510-520 per tonne, while 100 per cent broken fragrant rice increased by around USD4 to USD348-352 per tonne. Vietnamese rice, particularly premium fragrant varieties, continues to command higher prices than competing products. Thailand’s five per cent broken rice was priced at USD478-482 per tonne, while India’s equivalent stood at USD350-354 per tonne.

According to VnEconomy online newspaper, despite the price recovery, the global rice market remains under pressure from ample supply. VFA noted that the Oryza White Rice Index (WRI) reached USD432 per tonne in the final week of June, up USD4 from the previous week and USD15 from a month earlier, indicating a gradual recovery after a prolonged decline.

However, the International Grains Council (IGC) forecasted that the global rice market would remain in surplus during the 2026-27 crop year, with production expected to reach around 545 million tonnes, exceeding projected consumption of 543 million tonnes.

Global rice trade is forecast to hit a record 62 million tonnes, while ending stocks are expected to increase to about 199 million tonnes, largely due to abundant supplies from India. Against this backdrop, Vietnamese exporters are being urged to improve product quality, diversify export markets and increase the value of their products to remain competitive.

Weather also remains a source of uncertainty. A strengthening El Nino, combined with a positive Indian Ocean Dipole during the second half of this year, could intensify drought conditions across Southeast Asia and affect rice production in several countries.

According to the Customs, the country exported 5.02 million tonnes of rice worth USD2.38 billion in the first six months of this year.

Export volume rose by 2.5 per cent year-on-year, but export value fell by 9.2 per cent as average export prices declined.

The average export price during the period was USD459.6 per tonne, down 11.3 per cent from a year earlier, offsetting gains in shipment volume.

Published Date: July 28, 2026