Rice market and Trade in VietNam (Week 1/10 - 6/10)
08 | 10 | 2008
Although there is good information on demand from traditional custmomers such as The Philippines and Cuba, Vietnam’s rice prices still continue to drop following the world trend. Moreover, export enterprises actively reduce the prices to draw customers, which helps them promptly withdraw capital to pay bank’s debt. Price for 5% broken rice reaches 523 USD per ton, 3 USD per ton lower than last week. At 522 USD per ton, prices for 10% and 15% broken rice are down 24 USD per ton compared to last week. Particularly, price for 25% broken rice only reaches 406 USD per ton, a sharp decrease of 19 USD per ton against last week.