Rice exports await new signals from the market

The domestic rice market did not have many fluctuations last week. The export price of Vietnamese rice also remained unchanged compared to last week as there were no new positive signals from market demand.

Loading Vietnamese rice for export. Illustration photo: VNA

Vietnam's 5% broken rice was offered at $415-$430 per ton on November 6, unchanged from a week ago, according to the Vietnam Food Association.

In the domestic market, 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; IR 5451 rice is VND6,200/kg; ST25 is VND9,400/kg; OM 18 alone is VND6,600/kg, down VND200/kg.

In Dong Thap , IR 50404 rice costs 6,400 VND/kg, OM 18 is 6,600 VND/kg. In Vinh Long, OM 5451 rice costs 7,800 VND/kg, OM 4900 is 8,100 VND/kg, IR 50404 costs 6,000 VND/kg.

In An Giang , according to the provincial Department of Agriculture and Environment, prices of most fresh rice varieties remained stable compared to last week, IR 50404 was purchased at 4,800 - 5,000 VND/kg; OM 5451 from 5,300 - 5,500 VND/kg; OM 18 at 5,600 - 5,700 VND/kg; Dai Thom 8 from 5,600 - 5,800 VND/kg.

In An Giang's retail market, rice prices are mostly stable: regular rice 11,000 - 12,000 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 normal rice 17,000 VND/kg, Soc Thai rice 20,000 VND/kg, Japanese rice 22,000 VND/kg.

The price of IR 50404 raw rice remains at 7,600 - 7,700 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 7,100 - 10,000 VND/kg. The price of dry bran is at 9,000 - 10,000 VND/kg.

The domestic market did not change much while the Asian rice market was also quiet with Indian rice prices stable, while Thai rice prices decreased slightly due to slowing demand and increased supply from the new harvest.

India’s 5% broken parboiled rice was quoted at $344-$350 a tonne last week, unchanged from the previous week, while the country’s 5% broken white rice was quoted at $350-$360 a tonne. A Kolkata-based trader said paddy harvesting was going well and supplies were increasing.

Meanwhile, Thailand’s 5% broken rice was quoted at $338 a tonne on November 6, down slightly from $340 a tonne last week. A Bangkok-based trader said demand for Thai rice was relatively weak, contributing to the slight decline in prices last week. Another trader said supplies remained ample.

Last week, the Thai Cabinet approved a draft agreement with Singapore to sell 100,000 tonnes of rice annually for five years.

Regarding the US agricultural market, soybean prices on the Chicago Board of Trade increased sharply in the session on November 7, after falling sharply in the previous session, as traders assessed the prospect of US soybean exports to China after the trade truce between the two countries.

Soybean prices rose 9.5 cents to close at $11.17 a bushel. Wheat prices fell 7.75 cents to $5.27 a bushel, while corn prices fell 1.5 cents to $4.27 a bushel (1 bushel of wheat/soybean = 27.2 kg; 1 bushel of corn = 25.4 kg).

China has resumed small purchases of US agricultural products, but traders are still waiting for the country to ramp up purchases after the White House said China had committed to buying 12 million tonnes of US soybeans by the end of 2025 and would buy 25 million tonnes a year for the next three years.

Additionally, in a recent interview with Fox Business Network, US Treasury Secretary Scott Bessent said other countries in Southeast Asia have agreed to buy an additional 19 million tonnes of US soybeans, but did not specify a timeframe for these transactions.

Since trade tensions with the US during President Donald Trump’s first term, China has diversified its soybean import sources. Customs data show that by 2024, US supplies will account for only about 20% of China’s soybeans, down from 41% in 2016.

Meanwhile, wheat prices fell as recent US exports to China fell below expectations, with attention returning to large global supplies. China only ordered two cargoes from the US, a few hundred thousand tonnes less than expected.

Wheat prices are facing pressure from accelerating exports from Russia and competition from supplies from the new harvests starting in southern hemisphere exporters Argentina and Australia.

Corn prices were little changed but faced headwinds from larger supplies as the U.S. harvest neared completion.

The world coffee market showed that coffee prices on the London and New York exchanges on November 8 turned around and increased sharply. Robusta coffee prices on the London exchange for November 2025 delivery increased by 118 USD (equivalent to 2.6%), to 4,662 USD/ton. Robusta coffee prices for January 2026 delivery also increased sharply by 118 USD (2.6%), to 4,648 USD/ton.

Meanwhile, on the New York floor, the price of Arabica coffee for delivery in December 2025 increased by 11.05 US cents (equivalent to 2.79%), to 407.80 cents/lb. The price of Arabica coffee for delivery in March 2026 increased by 6.8 US cents (1.79%), to 385.85 cents/lb (1 lb = 0.4535 kg).

World coffee prices recovered strongly due to concerns about new crop supply from Vietnam but unfavorable weather conditions in the world's largest robusta exporting country.

Domestically, the coffee market also recovered, with prices fluctuating between 118,000 - 119,500 VND/kg.

Source: https://baotintuc.vn/thi-truong-tien-te/xuat-khau-gao-cho-tin-hieu-moi-tu-thi-truong-20251109165852242.htm