Vietnamese Export Rice Price Sets New Record
Vietnamese export rice price has set a new record, reaching $513 per tonne in the last week of July 2023. This is up from the previous record of $493 per tonne, set in June 2023. The surge in rice prices is being attributed to a number of factors, including increased demand from global markets, a decline in production in other countries, and the recent export restrictions imposed by India. The increase in demand for Vietnamese rice is being driven by a number of factors. First, global food prices are rising, as a result of factors such as the war in Ukraine and the ongoing COVID-19 pandemic. This has led to increased demand for affordable food sources, such as rice. Second, the production of rice in other countries has declined in recent years. This is due to a number of factors, including climate change, pests, and diseases. As a result, Vietnam is increasingly seen as a reliable source of rice for global markets. The recent export restrictions imposed by India have also contributed to…
