Thai rice export prices fell to a 14-month low this week due to pressure from weak demand and competition from other rice exporting countries, while Indian price rose slightly on a stronger rupee, despite sluggish demand from Asia and African buyers.
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
When it comes to street food, Vietnam delivers big on flavour. The following are five Vietnamese street eats most favoured by readers of international food magazine TasteAtlas.
As of August 1, Vietnam's 5% broken rice price was offered at 590 USD per tonne, the highest level in 11 years, an increase of about 80 USD compared to the previous month and 35 USD lower than that of Thailand.
Vietnamese broken rice (known locally as “com tam”) is in second place on a list of the top 100 tastiest rice dishes in Asia compiled by TasteAtlas, the home of local food, traditional restaurants, and authentic recipes.
Vietnam’s rice export prices hit a more than nine-year high this week as fresh orders trickled in, while rates for the Indian variety held near a one-month peak on healthy demand from buyers in other Asian countries and Africa, according to an article published on Pakistan’s news website Business Recorder.
With the European Union – Vietnam Free Trade Agreement (EVFTA), the EU will completely liberalise trade in broken rice, and will reduce the tax rate to zero percent for Vietnamese rice products after three to five years. This is a great opportunity for Vietnamese rice to compete in the EU market.
According to the Vietnam Food Association (VFA), the price of Vietnamese rice has increased since mid-July, and exceeded Thailand’s to become the highest in the world for some types.
Myanmar exported more than 1.64 million tonnes of rice and broken rice during the period from October 1 and March 27 in the 2019-2020 fiscal year, according to the Myanmar Rice Federation (MRF).
Because of the variety in taste of many eaters, com tam has been "combined" with several elements of different culinary traditions and become a symbolic dish for fusion cuisine.
Myanmar earned nearly 436 million USD from exporting rice and broken rice from April 1 to October 26 this year, according to the Myanmar Rice Federation (MRF).
Myanmar exported 1.12 million tonnes of rice in the last six months, earning over 390 million USD, according to an announcement of the Myanmar Rice Federation.
Myanmar has earned more than 1.11 billion USD from rice and broken rice exports in the fiscal year 2017-2018, the Myanmar Rice Federation said on April 7.
Vietnamese firms have won deals to supply 175,000 tonnes of rice to the Philippines at a tender on July 25, according to the Vietnam Food Association (VFA).
