Tiếng Việt
The shortage of containers caused shipping charges to rise, pushing Vietnam’s rice prices to the highest level since late 2011.
Reuters said last week, the price of 5% broken rice in Vietnam rose to 500 USD per ton, the highest since December 2011. Last week, rice prices fluctuated from 470-490 USD per ton.
A trader in An Giang shared, the shortage of containers makes it difficult for exporters to transport rice to customers. This person for example, the shipping rates for a 20 feet container (the most basic type of warehouse) from Vietnam to Africa from 1,500 USD a few months ago now reach 5,000 USD.
Vietnamese rice exporters said that the export target of 6.5 million tons of rice is likely to be difficult to achieve.
Data from the General Department of Customs showed that exports from the beginning of the year to November fell 2.9% year-on-year to only 5.7 million tons.
Similar to Vietnamese rice, Thailand’s standard 5% broken rice also increased from US $ 485-516 to US $ 500-519 last week due to limited supply and shipping costs. According to the Thai Rice Exporters Association, in the first 10 months of the year, the amount of rice exported was only 4.49 million tons, down 31% from the same period last year.
The price of 5% broken rice in India also reached 380-385 USD tons from 378-383 tons due to market demand and rupee to the highest price in nearly 2 months against USD. Rice is a type of rice obtained from paddy that is soaked in hot water or steam-dried and then dried, then milled, milled, polished …
A rice exporter in Kakinada, Andhra Pradesh state, southern India, said many traditional Thai customers have turned to buying Indian rice because of the lower price. According to him, the port of Kakinada is congested because dozens of ships wait for the transport of rice.
Earlier, at the beginning of December, Reuters reported that China imported Indian rice for the first time after 30 years. According to the Association of Rice Exporters of India, the enterprises of this country signed contracts to export 100,000 tons of rice to China under contracts from December this year to February next year for about 300 USD per ton.
In addition, Bangladesh has opened an international bid to buy 50,000 tons of rice with a deadline on December 28. Another bid opening with similar volume will be opened on December 22nd. The country plans to import about 300,000 tons of rice. Due to the crop failure and insufficient supply and demand by natural disasters, this is the first time Bangladesh has bought rice for a tender in three years. The rice price here has increased by about 50% since March, amid the Covid-19 epidemic, many people want to buy food to store.