Vietnam rice export prices rise, with 5% broken white rice at $480–490 per tonne

Vietnamese rice export prices have risen steadily since mid-October. Data from the Vietnam Food Association and exporters show that the price of 5% broken white rice climbed from $440–450 per tonne on October 15 to $480–490 in early November, an increase of about $40. The current price is about 30%–33% above the October 2025 low of $368 per tonne.

Fragrant rice prices are also rising. The price of 5% broken fragrant rice rose from $470 per tonne to $540 in November; Jasmine rice is quoted at about $590 and KDM at about $650. Some companies are quoting ST25 rice at $900, up from about $700 previously. Higher export prices have pushed domestic paddy prices up by 500–1,000 Vietnamese dong per kilogram to 6,750–8,850 dong.

The Vietnam Food Association says stronger purchasing demand and limited rice available for export in the final two months of the year are the main reasons for the price increase. The Philippines has approved imports of 300,000 tonnes of rice from Vietnam in November, mainly 25% broken fragrant rice. The association recommends that companies maintain reasonable export prices that serve the interests of both businesses and rice farmers, while aiming for prices above $500 per tonne.

The U.S. Department of Agriculture’s October report forecasts global rice production of more than 533 million tonnes in the 2026–2027 season, down 800,000 tonnes from its previous forecast. Consumption is projected to reach a record 538.8 million tonnes, while ending stocks are expected to fall from 204 million tonnes in the previous season to about 199 million tonnes. However, the recent price increases have yet to appear in Vietnam’s cumulative export figures. According to Vietnam’s Ministry of Agriculture and Environment, rice exports totaled 6.8 million tonnes worth $3.31 billion in the first 10 months of this year, down 4.6% in volume and 9.7% in value year-on-year, respectively.

Source: VietVance