Worried rice prices

Export price of Vietnam rice tends to go down. Photo: Internet.

Leading figures from the Food and Agriculture Organization (FAO), Dr. Nguyen Manh Hung, Institute of Political Economy and World said synthetic rice price index fell to 238 in 2012 compared to 251 in 2011. Song notably among the leading rice exporter in the world, in 2012, the average price of Vietnam rice decreased, while the average price of Thai rice rose. Vietnam's rice 5% broken down from an average of 505 USD / ton in 2011 to 432 USD / ton in 2012, while rice prices in Thailand rose from 549 USD / ton to 573 USD / ton in the same period.

Image: Internet.

As reported by the Vietnam Food Association (VFA), the first quarter 2013, Vietnam rice prices are currently being sold at lower prices than the rice of the same grade of major rice exporter in the region around 40-50 USD / ton. Specifically, 5% broken rice of Vietnam is only 395 USD / ton, while the price of rice in India sells for 430 USD / ton, Pakistan 445 USD / ton, Thailand's own 530 USD / ton. At this price, the opinion noted that rice prices in 2013's first quarter-Vietnam lowest in the world.