Asia rice: Vietnam, Thai rice prices hit near two-year highs as India slips

Business Recorder reported on Thursday that export prices for 5% broken rice in Vietnam and Thailand reached their highest points in almost two years. Vietnam’s price range moved to $480-$490 per metric ton from $470-$480 a week earlier, while renewed Philippine purchases supported demand. Vietnam shipped 475,000 tons in October, 37.2% more than a year earlier, taking January-October exports to 6.83 million tons.

Thai quotations rose to $490-$495 per ton, their strongest since January 2025, amid overseas buying and lower availability, with flooding affecting some growing areas. India moved the other way: parboiled rice was quoted at $382-$386, down from $387-$392, as new-crop arrivals increased; white rice stood at $389-$393. In Bangladesh, prices stayed high despite sufficient supplies, with traders citing higher production and transport expenses after fuel costs rose.