Connect with us

Hot News

Vietnam passes Thailand as world’s top rice price

Published

 on 

PHOTO: "Rice is great if you're really hungry and want to eat two thousand of something." - Mitch Hedberg

In undoubtedly only the second most important “r_ce war”, Vietnam has overtaken Thailand to become the highest-priced exporting rice in the world. First quarter prices were up nearly 19% over last year, reaching US $547 per tonne, with prices in March half a per cent higher than February’s rate. This run on pricing pushes Vietnamese rice past both Thailand and India, their main competition. Thailand can take some consolations though, as Thai Jasmine rice was recently named the most delicious rice in the world.

It isn’t all good news though, as the Department of Agricultural Processing and Market Development (Ministry of Agriculture and Rural Development) reported that Vietnam’s exports are down 30% in volume to 1.1 million tonnes exported between January and March of 2021. With the increased price though, the export earned US $606 million, a drop of only 17% in value over comparable 2020 figures.

Last year Vietnamese rice pushed past Thailand to become the world’s second-biggest rice exporter, moving less rice than only India, the top exporter in the world. In 2020, Vietnam exported 6.15 million tonnes of rice at a price of US $3.07 billion. The Vietnam Food Association expects an increase throughout 2021 as businesses have finished preparing rice for export and have an abundant supply. The Department of Agricultural Processing and Market Development further explains that strong demand from foreign buyers for the new winter-spring rice contributed to the rising prices.

While India remains the top exporter, their prices are significantly lower, with India’s 5% broken rice achieving a strong price growth last month, but still peaking at only US $401 per tonne. On the other hand, earlier in the year, Thailand had clung close to Vietnam’s numbers like, well, white on rice. At the beginning of March, Thai rice peaked at US $538 per tonne, just US $9 from the top spot. But prices slumped by the end of the month to US $509.

SOURCE: Vietnam Net

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Neill is a journalist from the United States with 10+ years broadcasting experience and national news and magazine publications. He graduated with a degree in journalism and communications from the University of California and has been living in Thailand since 2014.

Follow Thaiger by email:

Thailand22 mins ago

Thailand News Today | Storm Noru causing floods, death in northeast Thailand

Thailand24 mins ago

Airspace over Bangkok airport closed for airforce parade

Phuket44 mins ago

Four alleged investment scammers arrested in Phuket

Sponsored1 day ago

Segafredo Zanetti Coffee teamed up with Bangkok Airways and hosted “Bangkok Airways Surf Festival 2022”

Thailand1 hour ago

1 year old child allegedly snatched while parents slept

Air Pollution1 hour ago

For health reasons – Bangkok’s proposed congestion charge

Bangkok1 hour ago

As rain pours down on northern Thailand, Bangkok ups its canal drainage

Join the conversation on the Thaiger Talk forums today!
Cannabis1 hour ago

Traditional Thai medicine clinics offering cannabis treatments in Thailand

Health2 hours ago

Fizz buzz – Will kratom drinks ever hit the spot?

Patong2 hours ago

Four suspects admit they assaulted US tourist in Patong

Hot News3 hours ago

Doctor’s “sorry, not sorry” attitude after alleged hit-and-run of students lands him in hot water

Thailand3 hours ago

Police ignore cheating antics of drunk Bangkok cabbie

Pattaya3 hours ago

Third baby elephant of the year born at Pattaya garden

Thailand4 hours ago

Thai doctor warns against eating bats after ‘bat hunter’ sells for 100 baht per kilo

World4 hours ago

Kamala Harris visits South Korea a day after North Korea fires missiles

Events4 hours ago

Spartan Race to hit Phuket in November

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending