August 15, 2025

Get ready for some sizzling news from Asia’s rice fields! Vietnam’s rice prices are climbing like a kite as the Philippines hurriedly stock up. Why the rush? The Philippines plans to stop rice imports for 60 days starting September 1. This move aims to help local farmers who are struggling with low prices during harvest time. Vietnamese 5% broken rice jumped from $391 to $395 per metric ton this week — a small rise, but a clear sign of buyers' frenzy. However, Vietnamese supplies are also getting tight as the summer-autumn harvest wraps up. Meanwhile, India is keeping things calm. Indian 5% broken parboiled rice prices stayed steady between $369 and $374 per ton, close to their lowest level since August 2022. The white rice variant is priced just a bit lower at $360 to $368 per ton. A dealer in Mumbai said, "The weather is largely conducive for paddy crop, this year's production is expected to be even higher than last year's record harvest." Looks like good news for Indian rice lovers! Down in Thailand, the story is a bit different. Thai rice prices dropped to $355-$360 per ton from $370 last week because demand fell flat. One trader said, "Domestic and overseas demand has been very quiet, with buyers anticipating increased supply in the market, which could drive prices even lower." So buyers are waiting for even cheaper rice. Over in Bangladesh, rice prices are holding strong and high—despite plenty of fresh imports and a record harvest since November last year. By July, the country had nearly 2 million tons of rice reserves. But prices still remain 15 to 20 percent higher than last year, according to data from the Trading Corporation of Bangladesh. So, even with so much rice available, the market is keeping its prices spicy! To sum it up: Vietnam's rice prices are heating up due to the Philippines' buying spree before the import stop. India stays steady with good crop prospects, Thai rice prices are cooling on weak demand, and Bangladesh’s rice market is buzzing with high prices despite big stocks. Rice fans, this season promises to be full of surprises!

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Tags: Vietnam rice prices, Philippines rice import suspension, India rice prices, Thai rice demand, Bangladesh rice market,