Vietnam's rice export prices rise to near three-month high

Vietnam's 5% broken rice was offered at $395-$400 per ton on July 31 - up from $381 per ton announced by the Vietnam Food Association last week.

Vietnamese rice export prices rose to a near three-month high this week on strong demand, while Indian rates remained near their lowest in more than two years as excess supply overshadowed signs of a slight recovery in international demand.

Specifically, the price of 5% broken rice from Vietnam was offered at 395-400 USD/ton on July 31, up from 381 USD/ton announced by the Vietnam Food Association last week.

“The number of ships docking at Ho Chi Minh City port to pick up cargo is increasing, showing that demand is getting stronger,” said a trader in Ho Chi Minh City.

Meanwhile, India’s 5% broken parboiled rice was unchanged at $375-$380 a tonne from last week. The country’s 5% broken white rice was quoted at $372-$377 a tonne this week.

“Some buyers are starting to place orders again as they think prices are unlikely to fall further. The weak rupee is also supporting exporters,” said a Kolkata-based trader.

In Thailand, 5% broken rice prices fell to $370-$375 a tonne, from $380-$385 last week, with traders blaming weak demand.

“Demand remains the same, quite quiet. Supply is slowly coming to the market and prices are likely to continue to fall,” said a trader in Bangkok.

In Bangladesh, domestic rice prices remain high despite efforts to lower the cost of the staple food.

Rough rice prices - a key gauge for tracking price movements - rose 4.55% from last month, now selling at 55-60 taka per kg ($0.45-0.49 per kg), according to the Trading Corporation of Bangladesh.

US agricultural market

At the Chicago Board of Trade (CBOT), soybean prices were flat, remaining at $9.89/bushel at the close of August 1, but still recorded a decrease of about 3.1% for the week, marking the second consecutive week of decline.

The main reasons are abundant global supply, favorable weather in the US and weak demand from China continuing to put pressure on the market (1 bushel of wheat/soybean = 27.2kg; 1 bushel of corn = 25.4kg).

Farmers harvest soybeans at a farm in Scribber, Nebraska (USA). (Photo: AFP/VNA)

US farmers are expected to reap bumper soybean and corn crops this fall thanks to favorable weather conditions.

However, they are concerned that President Donald Trump's latest wave of tariffs could negatively impact US agricultural exports, as sales of soybeans and wheat have fallen recently.

The US is now facing stiff competition from Brazil - the world's largest soybean exporter - in the global market.

“A strong US crop is forecast, along with a second consecutive record soybean crop in Brazil, which should continue to put downward pressure on soybean prices for the rest of the year,” said analysts at BMI, a subsidiary of consultancy Fitch Solutions.

China, the world’s largest soybean importer, is facing an August 12 deadline to reach a tariff deal with the Trump administration. The United States believes the two sides are close to a deal, but “not done yet,” according to US Treasury Secretary Scott Bessent.

A Chinese importer signed a deal to buy 30,000 tonnes of soybeans from Argentina last week, two industry sources said, as feed producers seek to tap cheaper supplies from South America.

Wheat for September 2025 delivery fell 6 cents to $5.16 a bushel on Friday, ending the week down 4% on new supplies from the Northern Hemisphere harvest.

CBOT corn prices also fell, with December 2025 corn futures closing down 3 cents at $4.10 a bushel and down about 2% for the week.

However, corn exports remained buoyant as lower prices stimulated demand. The US Department of Agriculture (USDA) said exporters sold a total of 352,160 tonnes of US corn to a number of buyers.

World coffee market

At the end of the trading session on August 1, the price of Arabica coffee for delivery in September 2025 decreased by 11.6 cents/pound (equivalent to 3.92%), to the lowest level in three weeks (1 pound = 0.4535kg). The price of Robusta coffee for delivery in September 2025 on the ICE Europe exchange also decreased by 71 USD/ton (equivalent to 2.09%).

Farmers harvest coffee in Espírito Santo (Brazil). (Photo: AFP/VNA)

The Brazilian Coffee Association (Cecafe) and the National Coffee Association of the United States (NCA) confirmed that they are discussing with US trade officials the issue of tax exemption for coffee imported from Brazil - the world's largest exporter of Arabica.

Coffee prices have been under pressure over the past three months due to the prospect of abundant supplies. In early July 2025, Arabica coffee prices hit an eight-month low, while Robusta coffee prices fell to their lowest in more than a year.

According to a June 25 report by the US Department of Agriculture's Office of Foreign Agricultural Affairs, Brazil's coffee output in the 2025-2026 crop year is forecast to increase by 0.5% to 65 million bags, while Vietnam's coffee output is expected to increase by 6.9% to 31 million bags - a four-year high.

Brazil's green coffee exports in June 2025 fell 31% year-on-year to 2.3 million bags, with Arabica exports down 27% to 1.8 million bags and Robusta exports down 42% to 476,334 bags.

The USDA's semi-annual report forecasts global coffee production in the 2025-2026 crop to increase by 2.5% to a record 178.68 million bags. Of which, Arabica coffee production will decrease by 1.7% to 97.02 million bags, but Robusta coffee production will increase sharply by 7.9% to 81.66 million bags. Ending stocks are expected to increase by 4.9% to 22.82 million bags./.

Source: https://htv.com.vn/gia-gao-xuat-khau-cua-viet-nam-tang-len-muc-gan-cao-nhat-trong-ba-thang-222250804103045016.htm