Vietnamese Rice Prices Rise as Philippines Stockpiles Ahead of Import Suspension
Published on: August 15, 2025
Vietnamese rice prices have seen an increase this week as buyers in the Philippines rush to stock up before a 60-day suspension on rice imports begins on September 1. This move by the Philippine government aims to protect local farmers during the harvest season when prices typically fall.
Currently, Vietnam’s 5% broken rice is being offered at $395 per metric ton, which is up from $391 the previous week. Traders report that Filipino buyers are eager to make purchases to avoid being affected by the upcoming import ban. Additionally, domestic rice supplies in Vietnam are dwindling as the summer-autumn harvest wraps up.
In contrast, rice prices in India have remained stable near a three-year low. The country’s 5% broken parboiled rice is priced between $369 and $374 per ton, which hasn’t changed from last week’s low. Meanwhile, the price for India’s 5% broken white rice is between $360 and $368 per ton.
A dealer based in Mumbai mentioned that the weather conditions this year are favorable for rice cultivation, predicting production levels may surpass last year’s record harvest.
On the other hand, Thai rice prices have fallen. The price for Thailand’s 5% broken rice dropped to between $355 and $360 per ton, down from $370, largely due to weak demand. Traders say that both domestic and international interest in Thai rice has been low, as buyers are anticipating increased supply that might push prices even lower.
In Bangladesh, rice prices remain high despite a recent influx of imports and a record harvest that increased reserves to nearly 2 million tons by July. Data from the Trading Corporation of Bangladesh indicates that prices are still 15 to 20% higher than last year.
As the global rice market adjusts to these changes, the focus remains on local conditions and government policies that influence supply and demand.
