Vietnam Rice Export Prices Scale Eight-Year Peak As Rains Hamper Harvest

Vietnamese rice export prices hit their highest in more than eight years as traders struggled to meet rising demand and heavy rains hampered harvest in the Mekong Delta.

Rates for Vietnam’s 5% broken rice rose to $475 per tonne on Thursday – the highest since early 2012 – from $450-$460 a week earlier.

Other traders, speaking on condition of anonymity, said heavy rains were slowing the summer-autumn harvest in the Mekong Delta.

ESM