According to the Vietnam Food Association, as of October 15, rice exports had reached more than 7 million tons.
However, the domestic rice market recorded a price decrease due to the slowing purchasing activities of export enterprises. The Asian region also tended to be quiet due to weak exports.
Specifically, as of October 15, rice exports reached 7.022 million tons with 3.588 billion USD, down 4.4% in quantity and 21.94% in value compared to the same period in 2024.
Last week, 5% broken fragrant rice prices were at $420-$435 per tonne, unchanged from the previous week and near a two-month low.
A trader in Ho Chi Minh City said domestic trading activities were quite quiet as many export enterprises reduced rice purchases from farmers due to weak foreign demand.
In the domestic market, according to the Vietnam Food Association, fragrant rice has the highest price of 5,650 VND/kg, averaging 5,379 VND/kg, down 21 VND/kg compared to last week. In contrast, regular rice increased by 46 VND/kg, with an average price of 5,161 VND/kg.
Regarding raw rice: brown rice grade 1 has the highest price of 8,750 VND/kg, average 8,175 VND/kg, down 213 VND/kg; grade 2 has the highest price of 8,050 VND/kg, average 7,964 VND/kg, down 218 VND/kg. White rice grade 1 decreased by 120 VND/kg (highest price 9,750 VND/kg), grade 2 decreased by 105 VND/kg (highest price 9,050 VND/kg).
According to the Institute of Strategy and Policy on Agriculture and Environment, in Can Tho, Jasmine rice is still priced at VND8,400/kg, the same as last week; OM 18 is VND6,800/kg; IR 5451 rice is VND6,200/kg; ST25 is VND9,400/kg.
In An Giang , according to the Department of Agriculture and Environment of the province, the prices of fresh rice varieties are as follows: IR 50404 is purchased at 4,800 - 5,000 VND/kg, down 200 VND/kg; OM 5451 from 5,300 - 5,500 VND/kg, down 100 VND/kg; OM 18 at 5,500 - 5,700 VND/kg, down 300 VND/kg; Dai Thom 8 from 5,600 - 5,800 VND/kg, down 200 VND/kg; OM 380 around 5,700 - 5,900 VND/kg.
In An Giang's retail market, rice prices are mostly stable: regular rice 12,000 - 14,000 VND/kg; Thai fragrant rice 20,000 - 22,000 VND/kg; Jasmine 16,000 - 18,000 VND/kg; white rice 16,000 VND/kg, Nang Hoa 21,000 VND/kg, Huong Lai 22,000 VND/kg, Taiwanese fragrant rice 20,000 VND/kg, Soc Thuong 17,000 VND/kg, Soc Thai 20,000 VND/kg, Japanese rice 22,000 VND/kg.
The price of IR 504 raw rice remains at 8,100 - 8,250 VND/kg, IR 504 finished rice is from 9,500 - 9,700 VND/kg; OM 380 raw rice is from 7,800 - 7,900 VND/kg; OM 380 finished rice fluctuates at 8,800 - 9,000 VND/kg.
For by-products, the price of various by-products ranges from 7,250 - 10,000 VND/kg. The price of dry bran is at 9,000 - 10,000 VND/kg.
Regarding the production situation, according to the Ministry of Agriculture and Environment, by October 20, the provinces and cities in the Mekong Delta had planted 1.239 million hectares of the 2025 Summer-Autumn crop (the whole Southern region is 1.854 million hectares) and had completed the harvest, with an average yield of 60.58 quintals/ha, and an estimated output of 7.509 million tons of rice (the whole Southern region reached 10.779 million tons).
For the Autumn-Winter crop, localities have planted 763,000 hectares, reaching 102.8% of the plan of 74,200 hectares; of which 263,000 hectares have been harvested, with an average yield of 56.77 quintals/hectare, and an output of about 1.492 million tons. For the 2025 Summer-Autumn crop, 144,000 hectares have been planted, equal to 81.95% of the plan. For the 2025-2026 Winter-Spring crop alone, up to now, the whole region has planted 54,000 hectares out of the total plan of 1.266 million hectares.
In the Asian rice market, India’s rice exports edged up from a more than nine-year low, helped by a stronger rupee despite weak demand, while Thai rice prices fell for a sixth straight week to an 18-year low on sluggish buying.
A trader in Kolkata (India) said that very few export contracts were signed last week because buyers were in no hurry to place orders, waiting for prices to fall further.
India’s 5% broken parboiled rice was quoted at $344-$350 a tonne, up from $340-$345 a tonne last week. India’s 5% broken white rice was quoted at $360-$370 a tonne, slightly above its lowest since May 2016 last week.
In Thailand, the price of 5% broken rice stood at $337 per ton, unchanged from last week's $335-$340 per ton - the lowest since October 2007.
Demand remains very weak, with no major deals this week, while ample supply keeps prices low, a Bangkok-based trader said.
Meanwhile, Bangladesh is increasing rice imports to cool domestic prices. The country has signed a contract to buy 50,000 tons of white rice from Myanmar at $376.50 per ton under a government-to-government agreement, and 50,000 tons of parboiled rice through international bidding at $355.99 per ton.
The US agricultural market showed that US soybean prices fell in the trading session at the end of the week on October 24, moving away from the highest level in a month, due to pressure from the decline in crude oil prices and selling activities of farmers, in the context that investors are waiting for the upcoming trade negotiations between the US and China - the world's largest soybean importer.
Corn and wheat prices also fell as harvests in the Midwest peaked.
Specifically, at the end of the session on October 24, the price of soybeans for November 2025 delivery on the Chicago Board of Trade (CBOT) agricultural commodity exchange decreased by 3 US cents to 10.41 USD/bushel, after reaching the highest level since September 19 at 10.45 USD/bushel. The price of corn for December 2025 delivery decreased by 4.75 cents to 4.23 USD/bushel, while the price of wheat for December 2025 delivery also lost 0.5 cents to 5.12 USD/bushel (1 bushel of wheat/soybean = 27.2 kg; 1 bushel of corn = 25.4 kg).
Soybean and corn prices were under downward pressure as a surge earlier this week triggered a wave of selling by producers, analysts said.
Trading activity was also subdued as investors awaited fresh signs on US-China trade relations. China has so far avoided buying US soybeans this season, instead increasing imports from South America.
US President Donald Trump is expected to meet Chinese President Xi Jinping in South Korea next week, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit.
Mr Trump stressed that China's purchase of US soybeans would be a central topic of discussion.
Senior economic officials from the two countries arrived in Malaysia on October 24 for talks aimed at preventing the bilateral trade tensions from escalating and preparing for a meeting between the two countries' leaders next week.
US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will meet with Chinese Vice Premier He Lifeng to find ways to move the process forward.
A US-China trade deal, if reached, could help American farmers avoid heavy losses. But the window for new orders is narrowing.
“If the deal is signed in early November 2025, China could place orders for delivery in the second half of December 2025 or January 2026. But after February 2026, new crop soybeans from Brazil will start to come onto the market, increasing competition for US agricultural products,” said Ishan Bhanu, an agricultural commodities analyst at market analysis firm Kpler.
The world coffee market ended the week with mixed developments. Robusta coffee prices on the London (UK) exchange increased slightly, by 17 USD/ton, closing at 4,571 USD/ton. In contrast, Arabica coffee prices on the New York (US) exchange decreased slightly by 1.70 US cents/lb, closing at 403.00 cents/lb (1 lb = 0.4535 kg).
Arabica coffee prices fell after weather forecaster Climatempo predicted rains over the weekend in Brazil's coffee-growing regions. Traders also hoped the US could soon lift a 50% tariff on imports from Brazil, which could put downward pressure on coffee prices.
Last week, U.S. Trade Representative Jamieson Greer said he and Secretary of State Marco Antonio Rubio had a “very positive conversation” with Brazilian Foreign Minister Mauro Vieira on trade, and the two sides said they would soon arrange a meeting between President Donald Trump and Brazilian President Lula da Silva.
However, coffee prices still have supportive factors. The market is still concerned about the prolonged drought in Brazil during the important flowering period of coffee trees, which could affect the 2026-2027 crop.
According to Bloomberg weather analysis in Brazil, the country's coffee-growing regions are experiencing a severe drought, with Minas Gerais state recording only about 70% of its average rainfall over the past month.
Coffee prices were also supported by falling inventories at warehouses monitored by the Intercontinental Exchange (ICE).
US importers are now cancelling orders for Brazilian coffee due to high tariffs, tightening domestic supplies, especially since Brazil accounts for about a third of America's unroasted green coffee.
Source: https://baolaocai.vn/hiep-hoi-luong-thuc-viet-nam-xuat-khau-gao-dat-hon-7-trieu-tan-post885348.html
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