Rice

Data & Analysis

Export prices increased 1 to 2 percent due to tight domestic supplies. The government has not finalized last week’s public tender.
Vietnam rice export prices decreased for 5 and 10 percent broken rice last week. This is due to the ban from the Chinese authority for unofficial cross border rice sales from Vietnam.
Imports of yellow corn, rice, and wheat are expected to be strong based on rising domestic food demand, continued requirements of the animal feed industry, and reductions in domestic production.