Vietnamese rice exports regain position as 'most expensive in the world'

Exported rice regains its position as 'most expensive in the world'.

Vietnamese rice price is at the top

According to the price update of the Vietnam Food Association (VFA), currently the export price of 5% broken rice is at 396 USD/ton, 25% broken rice is at 368 USD/ton, and 100% broken rice is at 317 USD/ton.

Meanwhile, rice export prices from Thailand have fallen to their lowest level in more than three years. Specifically, the price of 5% broken rice from Thailand has dropped to $393/ton, the lowest level since January 2022, 25% broken rice is at $369/ton, 100% broken rice is at $336/ton.

Meanwhile, India’s 5% broken parboiled rice was quoted at $387 per tonne, the lowest in nearly 22 months. India’s 25% broken rice was quoted at $362 per tonne.

The sharp fluctuations in rice prices in the world's top rice exporting countries are due to US President Donald Trump's import tax and oversupply in the market. The US has announced a 26% tax on all exports from India to the US, a 36% tax on goods from Thailand and a 37% tax on products from Bangladesh. These tariffs have now been suspended for 90 days.

Mr. Do Ha Nam - Chairman of VFA - analyzed that the important factor causing rice prices to increase so rapidly is that our supply is not surplus. Traditional customers always have high and stable demand for Vietnamese rice.

"For markets that favor high-quality Vietnamese rice such as the US and Japan, we still cannot export enough to meet demand. To export to these markets, it is important to transform production towards sustainability and strictly control chemical residues," Mr. Nam emphasized.

Open market

According to the Ministry of Agriculture and Environment, in March, although rice prices decreased compared to before, rice exports still increased by 54.8% in volume and 48% in value compared to February 2025, reaching 1.08 million tons, earning more than 530.5 million USD. In the first 3 months of the year, the country's rice exports reached 2.3 million tons, earning nearly 1.21 billion USD.

The Philippines is the largest importer of Vietnamese rice, accounting for 42.7% of the total volume and 40.6% of the total rice export turnover of the country, reaching 985,941 tons, equivalent to nearly 488.7 million USD.

Ivory Coast is the second largest importer of Vietnamese rice, reaching 293,296 tons, equivalent to 143.4 million USD, priced at 489.2 USD/ton. China is third with 232,136 tons, equivalent to 115.6 million USD.

According to forecasts by many economic experts, this year, the demand for rice imports from the above markets will continue to remain high, helping traditional large rice exporting partners such as Vietnam have stable output. It is forecasted that the Philippines will import about 4.9 million tons, even over 5 million tons...

According to Mr. Do Ha Nam, up to now, Vietnamese rice is still considered to be less affected, because the reciprocal tax is due to the small amount of rice exported to the US market, while high-quality fragrant rice such as ST25 has a small output and demand is very good.

In the context of the current volatile and fiercely competitive rice market, Vietnam needs to continue to improve the quality and diversify rice products to make a difference in the world market.

According to: vtcnews.vn

Source: https://baothaibinh.com.vn/tin-tuc/4/222145/gao-viet-xuat-khau-lay-lai-vi-the-dat-gia-nhat-the-gioi