Indian rice prices remain low while Vietnamese rice prices increase by $395/ton

Indian rice prices hit a three-year low this week while Vietnamese rice prices rose, while in the US, corn futures recovered from their lowest since 2020 and soybeans continued to rise.

Workers transport rice at a warehouse in Jalandhar, India.

Asian rice market

Indian rice prices held steady at a three-year low while Vietnamese rates rose this week, as buyers in the Philippines stocked up ahead of a temporary import ban.

India's 5% broken parboiled rice prices were quoted at $369-$374 a tonne, unchanged from the previous week when it hit its lowest since August 2022, while 5% broken white rice prices were quoted at $360-$368 a tonne this week.

With generally favorable weather conditions for planting, this year's output is expected to be even higher than last year's record harvest, a Mumbai-based trader said.

Meanwhile, Vietnam’s 5% broken rice was quoted at $395 a tonne on Aug. 14, up from $391 a tonne a week ago. Traders said buyers from the Philippines were rushing to buy ahead of the country’s 60-day suspension of rice imports starting Sept. 1 as the government seeks to protect local farmers hit by falling prices during the harvest season. Traders also said Vietnam’s domestic supply is shrinking as the summer-autumn harvest ends.

Thailand’s benchmark 5% broken rice prices fell to $355-$360 a tonne from $370 last week due to weak demand. Domestic and international demand was very low as buyers anticipated more supply in the market, which could push prices down further, a Thai trader said.

Meanwhile, in Bangladesh, rice prices remain high despite the country resuming imports and a record harvest since last November, pushing rice stocks to nearly 2 million tonnes by July 2025.

US agricultural market

In the trading session on August 15 at the Chicago Board of Trade (CBOT), corn futures recovered from the lowest level since late 2020, wheat futures increased slightly, while soybean prices continued to increase this week.

Farmers harvest soybeans at a farm in Scribber, Nebraska, USA.

Corn futures edged up slightly, with the December 2025 contract rising to $4.01 a bushel, driven by technical buying and short selling (1 bushel of wheat/soybeans = 27.2 kg; 1 bushel of corn = 25.4 kg).

Corn futures fell to $3.75 a bushel on August 12, their lowest level since late 2020, after the U.S. Department of Agriculture said the country's harvest would reach a record level and exceed analysts' expectations.

However, attention has turned to hotter and drier late-season weather in some parts of the western Corn Belt, raising yield risks.

Outside the US, the supply outlook is less certain than mid-summer forecasts, with Brazil still harvesting a large second corn crop but Argentina’s 2024-25 harvest already down.

Meanwhile, September 2025 wheat prices rose to $5.06/bushel, supported by both market fundamentals and geopolitical developments.

Traders are closely watching a meeting between US President Donald Trump and Russian President Vladimir Putin in Alaska to discuss a deal to end the conflict in Ukraine, with both Russia and Ukraine being major grain exporters.

Additionally, the US Department of Agriculture has forecast tighter US wheat supplies in the 2025/26 fiscal year, with production down 2 million bushels to 1.927 billion bushels, due to reduced harvested acreage despite higher yields.

However, bumper harvests in the Northern Hemisphere, particularly from Russia and the European Union, and improving crops in Australia and Argentina are putting pressure on global prices.

Russia's 2025 wheat production forecast has been raised to 84.5 million tonnes, exacerbating the global oversupply.

For soybeans, prices continued their upward momentum this week, as lower-than-expected US production supported the gains.

Next week, traders will be watching results from Pro Farmer's annual crop survey of corn and soybean fields across the US Midwest.

Soybeans for November 2025 delivery rose to $10.36 a bushel, after hitting their highest since July 3 in the previous session.

World coffee market

Arabica coffee on August 15 hit a six-week high, thanks to low inventories.

Arabica coffee futures on ICE Futures London rose to a six-week high, partly due to low inventories on the exchange. Arabica coffee futures rose 0.7% to $3.2865 per lb, after hitting a six-week high of $3.2940 per lb.

Traders said the market was partly supported by a decline in certified inventories on the exchange, as roasters sought alternative supplies after the US imposed a 50% tariff on imported Brazilian coffee. Brazil supplies about a third of US coffee imports.

Meanwhile, Robusta coffee prices rose 0.1% to $3,957 a tonne, after hitting a nearly two-month high of $4,011 a tonne.

vietnamplus.vn

Source: https://baolaocai.vn/gia-gao-an-do-van-o-muc-thap-trong-khi-gia-gao-viet-nam-tang-395-usdtan-post879791.html