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This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.

Post forecasts lower rice exports in August due to the closure of all border checkpoints along the Burma-China border and poor demand from African and EU countries.

Export prices of all grades of rice increased 2-5 percent due to new inquiries and the strengthening of the Thai baht.

Export prices of some grades of white rice increased one percent due to new inquiries and the strengthening of the Thai baht.

Export prices of all grades of rice decreased 1-2 percent due to limited new inquiries and a further weakening of the Thai baht against the U.S. dollar.

Export prices of white and parboiled rice further decreased one percent due to weak export demand.

Global prices for wheat and rice have risen during the past year due to lower production, export restrictions among major suppliers, and strong foreign demand.

This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.

Under the 2019 rice Tariff Rate Quota (TRQ), Korea purchased a total of 408,700 metric tons (MT) of rice (milled basis) from three countries: the United States, China, and Vietnam.

Rice export prices declined around 2 percent due to the weakening of the Thai baht that more than offset increased domestic rice prices.

Australia’s wheat harvest in MY 2019/20 is estimated to have been the smallest in over a decade, and about 40 percent below the 10-year average.

A new government policy raising export taxes for agricultural products from 6.7 percent to 12 percent in December 2019 drives advanced MY19/20 grain crop sales.