Vietnam rice prices surge, premium ST25 hits USD 1,000 a tonne
Vietnamese rice export prices rose on November 11 amid stronger demand and limited supplies, with fragrant rice gaining up to $8 per tonne. The Philippines authorised 300,000 tonnes of Vietnamese imports, while rising Mekong Delta paddy prices and improving export demand supported market sentiment.
According to the Vietnam Food Association (VFA), export prices for several Vietnamese rice varieties continued to rise on November 11.
Five-per-cent broken fragrant rice was quoted at USD 515-520 per tonne, up USD 5 from the previous session. Jasmine rice rose USD 8 to USD 565-569 per tonne, while five-per-cent broken white rice was priced at USD 442-446.
Fully broken fragrant rice increased USD 4 to USD 394-398 per tonne.
Vietnamese rice export prices have climbed significantly since early October. On October 1, five-per-cent broken fragrant rice traded at USD 440-445 per tonne, about USD 75 below its November 11 level.
Jasmine rice also rose from USD 514-518 to USD 565-569 per tonne over the same period.
Prices in other major exporting countries showed mixed movements.
Thailand’s five-per-cent broken rice rose USD 5 to USD 488-492 per tonne, while fully broken rice increased USD 4 to USD 423-427. India’s five-per-cent broken rice fell USD 2 to USD 388-392 per tonne.
The VFA attributed the price increases mainly to stronger demand and limited export supplies during the final two months of the year.
The Philippines has also authorised imports of 300,000 tonnes of Vietnamese rice in November.
In its October report, the US Department of Agriculture (USDA) projected global rice supplies for the 2026-2027 crop year at 737.3 million tonnes, with production of 533.1 million tonnes, down about 800,000 tonnes from its previous forecast.
Global rice consumption was projected at 538.8 million tonnes, about 5.7 million tonnes higher than the previous crop year.
Vietnamese rice export prices have risen sharply. (Photo: Nam Binh)
Global rice exports were forecast at 61.4 million tonnes, down 1.3 million tonnes from the previous projection, mainly due to weaker export prospects for India.
Ending stocks were expected to reach 198.5 million tonnes, below the 204.2 million tonnes recorded in 2025-2026, although the estimate was 1.5 million tonnes higher than September’s forecast.
The USDA also lowered its projections for India’s rice exports to 23 million tonnes in 2026 and 24 million tonnes in 2027, citing reduced shipments of broken and white rice.
In its November report, the agency further cut those estimates to 22.5 million and 23 million tonnes, respectively, while lowering its global rice trade forecast to 60.2 million tonnes.
For Vietnam, the USDA expects the country to remain the world’s second-largest rice exporter in both 2026 and 2027, shipping around 8.1 million tonnes annually.
According to the Ministry of Agriculture and Environment, Vietnam exported 6.8 million tonnes of rice in the first 10 months of 2026, down 4.6 per cent from a year earlier.
The outlook remains positive as import demand from major markets, particularly the Philippines, could increase amid concerns over possible supply shortages linked to El Niño.
Duong Thanh Thao, director of HCM City-based Ong Tho Rice Joint Stock Company, said export prices were rising as the Mekong Delta entered a transition between harvests.
The summer-autumn crop has been harvested, while the autumn-winter harvest has only recently begun.
Thao said her company’s premium fragrant rice products continued to command high prices, with ST25 rice currently offered for export at USD 1,000 per tonne.
Paddy purchasing activities in the Mekong Delta. (Photo: Nam Binh)
Domestic paddy prices have also increased.
According to a November 11 update from the An Giang Department of Agriculture and Environment, fresh paddy prices across the Mekong Delta rose by VND 100-500 per kilogramme, depending on the variety.
Trading remained subdued in An Giang, although prices continued to climb. Similar trends were reported in Dong Thap, Tay Ninh, Vinh Long and Ca Mau.
Fresh Dai Thom 8 and OM 18 paddy each rose VND 500 to VND 7,100-7,200 per kilogramme.
OM 34 increased VND 300 to VND 6,300-6,500, while OM 5451 gained VND 300 to VND 6,400-6,600 per kilogramme.
IR 50404 rose VND 100 to VND 6,200-6,300 per kilogramme, while DS1 remained unchanged at VND 7,200-7,300.
With the autumn-winter harvest under way, farmers are hoping higher paddy prices will deliver stronger profits.
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Source : DTI News
