Vietnam’s rice export price has dropped to a low of $395 per ton, lower than many other Asian countries.

By mid-January, Vietnam had exported 268,700 tonnes of rice, generating nearly 165.7 million USD, up 38.7% in volume and 23.28% in value year-on-year.

After months of record-high prices, Vietnamese rice has entered a sharp decline, dropping below $400 per ton - the lowest price in Asia.

Vietnamese rice prices are nearing a two-year low, raising concerns among farmers as Thai rice claims the title of the world's most expensive among leading exporters.

As Vietnam celebrates its most successful year for rice exports, with nearly $5.8 billion in revenue, late-year price drops underscore the volatility of global markets.

While Vietnam’s rice export prices are the highest in the world, local businesses have prioritized exporting premium-quality rice, importing lower-cost varieties for domestic use.

According to the General Department of Customs, Vietnam’s rice exports had reached 8.05 million tonnes as of November 15, bringing home 5.05 billion USD.

Vietnam sold 800,000 tonnes of rice overseas for $505 million in October, bringing the country's total export volume and value in the first ten months to nearly 7.8 million tonnes and 4.86 billion USD, up 10.2% and 23.4% year-on-year, respectively.

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports.

Despite strong growth in ASEAN markets, Vietnam's rice exports to China have dropped to a historic low, with additional challenges threatening prices.

Vietnam’s rice is in high demand in Southeast Asian markets as exporters have signed major contracts.

Indonesia has announced a record rice tender for September, seeking to acquire up to 450,000 tonnes from international suppliers.

Vietnam’s rice exports are expected to reach a record turnover of about 5 billion USD this year, as high demand from many large and traditional markets, such as the Philippines and Indonesia, continues.

With the current uncertainties in the global rice market, Indonesia's call for larger rice tenders is a major opportunity for exporters, particularly those from Vietnam.

Vietnam's rice export prices have reached the highest levels globally, surpassing those of Thailand, Pakistan, and other major exporters, the Vietnam Food Association (VFA) has announced.

Vietnamese rice now has the highest export prices, distinguishing itself from key competitors, including Thailand and Pakistan, whose prices have fallen.

Vietnamese rice now commands the highest prices globally, distinguishing itself from key competitors like Thailand and Pakistan whose prices have declined. This surge is propelled by robust export demand coupled with global supply limitations.

Rice exporters of Vietnam and Thailand are competing to gain a larger market share in the Philippines, reported Nikkei Asia in an article published on August 2.

Rice exports could bring in a record turnover of 5 billion USD this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter.