Observers believe that Vietnam’s rice export activity is expected to be very vibrant for the remainder of this year, and the target of exporting 8 million tons of rice in 2026 is entirely achievable.

VietnamPlus

Along with a slight increase in domestic rice prices across many varieties last week, Vietnam’s export rice prices also rose to US$440–450 per ton, the highest level since August 21st. Expectations of a recovery in import demand are supporting the rice market, amidst rising rice prices in major exporting countries in Asia.

In An Giang province, rice prices saw a slight increase last week. Fresh Dai Thom 8 rice was priced between 6,300-6,500 VND, an increase of 200 VND; OM 18 also increased by 200 VND/kg, fluctuating between 6,400-6,600 VND/kg; OM 5451 was priced between 6,000-6,200 VND/kg, OM 34 at 5,800-6,000 VND/kg, both increasing by 100 VND/kg; IR 50404 rice remained at 5,900-6,000 VND/kg.

For raw rice, CL 555 is priced at 8,800-8,900 VND/kg, IR 50404 fluctuates at 8,800-8,950 VND/kg, both increasing by 100-150 VND/kg. High-quality rice varieties such as OM 5451 maintain at 9,300-9,400 VND/kg; Dai Thom 8 at 9,200-9,400 VND/kg; OM 18 fluctuates at 8,700-8,850 VND/kg; OM 380 and Soc Thom are both at 7,500-7,600 VND/kg, similar to the end of last week.

Regarding exports, the price of 5% broken rice surged to $440-450 per ton – the highest level since August 21st. This figure is also higher than the $420-430 per ton of the previous week. A trader in Ho Chi Minh City said that there is information circulating in the market that the Philippines will restart rice purchases from Vietnam starting in November 2026.

Observers believe that Vietnam’s rice export activity is expected to be very vibrant for the remainder of this year, and the target of exporting 8 million tons of rice in 2026 is entirely achievable.

The Asian rice market also saw a simultaneous price increase across major export centers last week due to concerns about supply and expectations of a demand recovery.

In India , export rice prices have surged to their highest level in over a year due to a strengthening rupee and concerns about supply shortages. Specifically, Indian parboiled rice with 5% broken grains is being offered at $384-389 per ton, up from $378-384 per ton last week. Prices for white rice with 5% broken grains have also risen to around $385-390 per ton.

An exporter in Mumbai said that domestic rice prices remain high due to limited supply, while yields in many states have fallen due to lower-than-average rainfall.

In Thailand , the price of 5% broken rice also rose to $480 per ton, the highest level since September 10th, compared to $465-468 per ton last week. A Bangkok trader said the arrival of cargo ships and additional purchasing by exporters as the secondary harvest nears completion has driven prices up.

However, the Thai Rice Exporters Association noted that the country’s rice exports may not reach the target of 7 million tons this year due to intense competition from India and Pakistan, and weakening demand from key markets.

Regarding the US grain market, prices of grain commodities on the Chicago Board of Trade (CBOT) fell across the board during the trading session on October 16th, due to forecasts of dry weather in the US Midwest that will accelerate the harvesting process.

At the close of trading, the November 2026 soybean contract fell 1.75 cents to $12.6125 per bushel, after touching its lowest level since August 27. Overall for the week, soybean prices declined 2.4%. The December 2026 corn contract fell 3.75 cents to $4.7425 per bushel, down 1.1% for the week and marking its third consecutive weekly decline.

Wheat futures for December 2026 also fell 9.5 cents to $6.605 per bushel, marking its seventh consecutive weekly decline of 1.6%. (1 bushel of wheat/soybeans = 27.2 kg; 1 bushel of corn = 25.4 kg)

Technical selling pressure and fund liquidation were strong ahead of the weekend, despite disruptions to farm activities in some areas due to earlier heavy rains . Attacks on transport ships in the Black Sea were not enough to support wheat prices, especially after news of favorable weather conditions for winter planting put further pressure on prices.

Similarly, soybean prices also fell despite continued positive demand from China. The U.S. Department of Agriculture (USDA) confirmed private orders for 558,000 tons of soybeans to China, bringing total sales to the country to 1.358 million tons over the past three days.

Regarding the coffee market, at the close of trading in the early hours of October 17th (Vietnam time), world coffee prices recovered simultaneously on both international exchanges.

On the London exchange, Robusta coffee futures for November 2026 delivery rose 1.16% (equivalent to $39/ton) compared to the previous session, reaching $3,414/ton. On the New York exchange, Arabica coffee futures for December 2026 delivery surged 3.66% (equivalent to 10.08 cents/lb) compared to the previous session, closing at 305.60 cents/lb. (1 lb = 0.45 kg)

In the domestic market, coffee prices closed last week at 92,100-93,000 VND/kg, a slight decrease of 100-200 VND/kg compared to the previous week. Specifically, in Lam Dong, coffee prices currently range from 92,100-93,000 VND/kg; in Dak Lak and Gia Lai, prices are both at 92,800 VND/kg.

(VNA/Vietnam+), Source: VietnamPlus

Published Date: October 19, 2026